geqopimozaqyxyh.blogspot.com
The Hawaii Department of Health, which now updates its onlind H1N1 counteach Wednesday, said there are now 298 confirme d cases in Hawaii. There were 98 new cases confirmed on Oahu this week for a totao of288 cases. Kauai and Maui addecd a case each this They each have a total of three TheBig Island, which has four cases, did not reportg any new cases this Most have recovered or are recoveriny from the illness. The Centers for Disease Controol and Prevention said thatmost U.S. cases have not been severr and are comparable in severity to seasonal Hawaii residents with questions about H1N1 flu cancall 767-5044 ext. 3 between 7 a.m. and 7 p.m.
Mondaty through Friday and on weekendws from9 a.m. to 5:30 p.m. Or visirt www.hawaii.gov/health or the Centers for Diseasr Control and Preventionat www.cdc.gov/swineflu.
Sunday, September 30, 2012
Friday, September 28, 2012
Romani Group to help find options for Denver
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The group, led by Tim Romani, will work with longtim real estate developer Ray Baker of Gold Crowh Management onthe St. Anthony The current site is adjacentto Sloan’sz Lake and bordered by Colfax Stuart Street, 17th Avenue and Perry Street. Startint next year, the hospital will begin the process of moving from itscurrent 16-acre site where it has been located for almost 100 years — to a 25-acre parcelp in Lakewood’s Federal Center near Kipling and Sixtj Avenue. St. Anthony pland to open a new orthopedic-surgery hospita l at its Lakewood grounds in August 2010 and a new hospitao to replace the Denver facility infall 2011.
Romani said the groul will take at abourt two years to evaluate the current St. Anthony property and work with the communit y before taking requests for proposals from developers and decide what uses will best servethe property, the hospital and the community. He added that the site’s proximity to Sloan’ds Lake Park and its scenic viewx of downtown Denver and the mountain range make it an attractivse propertyfor mixed-use development that is heavy on residentiao housing, but would include a large commercial complex as well as some office “It’s a fair assumption that much of the existinh facility will be demolished,” Romani said.
He declines to estimate how much the propert ywas worth. Romani managed a similar process while serving as the vice chancelloe of planning and development forthe . The university’s former medicapl campus on Colorado Boulevard at Ninth Avenue was sold to Shea Propertiex after the hospital relocated to its new home at the Anschutzx Medical Campus in Other Romani Group projects include the renovation of BoettcherConcertr Hall, the Colorado Convention Center expansion project, the Pepsi Center, Invesco Fiele at Mile High, Dick’s Sporting Goods Park and Broomfiele Event Center.
The group is also collaboratinv on a joint venture to oversee the developmenty of the future home ofin Lakewood.
The group, led by Tim Romani, will work with longtim real estate developer Ray Baker of Gold Crowh Management onthe St. Anthony The current site is adjacentto Sloan’sz Lake and bordered by Colfax Stuart Street, 17th Avenue and Perry Street. Startint next year, the hospital will begin the process of moving from itscurrent 16-acre site where it has been located for almost 100 years — to a 25-acre parcelp in Lakewood’s Federal Center near Kipling and Sixtj Avenue. St. Anthony pland to open a new orthopedic-surgery hospita l at its Lakewood grounds in August 2010 and a new hospitao to replace the Denver facility infall 2011.
Romani said the groul will take at abourt two years to evaluate the current St. Anthony property and work with the communit y before taking requests for proposals from developers and decide what uses will best servethe property, the hospital and the community. He added that the site’s proximity to Sloan’ds Lake Park and its scenic viewx of downtown Denver and the mountain range make it an attractivse propertyfor mixed-use development that is heavy on residentiao housing, but would include a large commercial complex as well as some office “It’s a fair assumption that much of the existinh facility will be demolished,” Romani said.
He declines to estimate how much the propert ywas worth. Romani managed a similar process while serving as the vice chancelloe of planning and development forthe . The university’s former medicapl campus on Colorado Boulevard at Ninth Avenue was sold to Shea Propertiex after the hospital relocated to its new home at the Anschutzx Medical Campus in Other Romani Group projects include the renovation of BoettcherConcertr Hall, the Colorado Convention Center expansion project, the Pepsi Center, Invesco Fiele at Mile High, Dick’s Sporting Goods Park and Broomfiele Event Center.
The group is also collaboratinv on a joint venture to oversee the developmenty of the future home ofin Lakewood.
Thursday, September 27, 2012
Excentus files suit against Safeway Inc. - Dallas Business Journal:
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Excentus is a North Texas company that partneredc with years ago to creatwea technology-based program that retailersa can use to reward customerse with discount fuel as part of theitr loyalty programs. In the suit, filed June 17 in federaol district courtin Abilene, Irving-based Excentuss accuses Pleasanton, Calif.-based Safeway Inc. and its which include , Blackhawk Marketing LLC and Randalls , of using confidential informationb that was discovered when Safeway was attemptinb to acquire Excentus and patents ownedby Auto-Gas Systems Inc. to create Safeway' s own PowerPump Rewards program.
Excentus is seeking injunctive reliedfand damages, asserting in its suit that Safeway and its subsidiariexs infringed on four Excentus patents by launching a similarlhy designed fuel awards program. This occurred aftetr the deal to acquire Excentuse andthe Auto-Gas System patents fell the suit said. "We have made significanrt investments over the last 10 years to develop our world-class technology, services and expertise and acquire the relatede trademarks and patents, all of which are valuable componentss of the fuelperks! program and assets of our said Dickson Perry, president and CEO of Excentus.
"Whenn faced with situations like this one with we are prepared to take the necessaryy steps to assure our assets and interests are The Dallas Business Journal was not immediateluy able to reach a Safeway spokespersonfor comment.
Excentus is a North Texas company that partneredc with years ago to creatwea technology-based program that retailersa can use to reward customerse with discount fuel as part of theitr loyalty programs. In the suit, filed June 17 in federaol district courtin Abilene, Irving-based Excentuss accuses Pleasanton, Calif.-based Safeway Inc. and its which include , Blackhawk Marketing LLC and Randalls , of using confidential informationb that was discovered when Safeway was attemptinb to acquire Excentus and patents ownedby Auto-Gas Systems Inc. to create Safeway' s own PowerPump Rewards program.
Excentus is seeking injunctive reliedfand damages, asserting in its suit that Safeway and its subsidiariexs infringed on four Excentus patents by launching a similarlhy designed fuel awards program. This occurred aftetr the deal to acquire Excentuse andthe Auto-Gas System patents fell the suit said. "We have made significanrt investments over the last 10 years to develop our world-class technology, services and expertise and acquire the relatede trademarks and patents, all of which are valuable componentss of the fuelperks! program and assets of our said Dickson Perry, president and CEO of Excentus.
"Whenn faced with situations like this one with we are prepared to take the necessaryy steps to assure our assets and interests are The Dallas Business Journal was not immediateluy able to reach a Safeway spokespersonfor comment.
Wednesday, September 26, 2012
Virginia opens new forensics lab Thursday - Austin Business Journal:
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The standard brick veneer and tranquil parkinvg lot give away nothing of the actual activityh inside one of newest building. On one end, investigatorw and scientists pore over hair and tissue DNA of some ofthe state’ s most dangerous criminals to learn what they did, whilre at the other, they pry open the dead bodiesa of society’s latest victims to learn what was done to them. The lab is locatedf on a 10-acre spot across from ’e campus in the massive maze ofthe Innovation@Prince William Countty Technology Park.
The 114,000-square-foot building will replacse thestate 30,000-square-foot headquarters in Fairfax, where officials say the spacse was bursting at the “When we moved into the old lab [in we outgrew it in a year,” said Amy Wong, lab directoe for the Northern Virginia forensics lab, one of four brancheas statewide. “Coming here, we can go back to beinb full-service.” Now, the combined spacew for the Northern Virginia branch of the Departmentf ofForensic Science, which claims 60,000 square and the Office of the Chief Medicak Examiner, claiming 26,000 square feet, is intended to offer room to grow througg at least the next decade.
With 46 employeesw there now, the building has a capacity of 110 The new building also houses anew 26,000-square-foot traininh suite, an improvement from the old building, where classa attendees would have to sit or stand in the back of employee offices. In addition, the evidence vaul t for the forensics lab, which oversees roughly 10,000 cases at any given time, is up to four timexs the size ofthe old, and a larger firearms and ballistics testing area allows investigators to test more powerfull weapons than before.
Plus, the new medica l examiner’s office space allowzs for storage of as many as 200 bodieds ina morgue, as well as a new biosafetyy lab where examiners can test potentiallg contagious bacteria or viruses, including The project, which has applied for the silverf level of Leadership in Energhy and Environmental Design green buildingf standards, was built as a public-privatee partnership deal that Prince William County officials hope will also boosg its biotech portfolio.
The state footer the bill, but awarded the overallp development contractto Rockville-based , which transferred the project to McLean-based LLC months later when the latter’s foundersx split off from Scheeer in 2007. was the general with MWL Architects and McKinneyyand Co. serving as the principal designersand engineers. The building’s hosted by Appian, comesz days after the District pulled backa $133 million construction contracyt to build its own consolidated forensics lab in Southwest D.C. becausw of concerns that competingbids weren’t properluy evaluated. D.C.
leaders are planning to erect a $220 million building on the site of the former Metropolitan Policer Department First District Headquarters at 4154th St. SW.
The standard brick veneer and tranquil parkinvg lot give away nothing of the actual activityh inside one of newest building. On one end, investigatorw and scientists pore over hair and tissue DNA of some ofthe state’ s most dangerous criminals to learn what they did, whilre at the other, they pry open the dead bodiesa of society’s latest victims to learn what was done to them. The lab is locatedf on a 10-acre spot across from ’e campus in the massive maze ofthe Innovation@Prince William Countty Technology Park.
The 114,000-square-foot building will replacse thestate 30,000-square-foot headquarters in Fairfax, where officials say the spacse was bursting at the “When we moved into the old lab [in we outgrew it in a year,” said Amy Wong, lab directoe for the Northern Virginia forensics lab, one of four brancheas statewide. “Coming here, we can go back to beinb full-service.” Now, the combined spacew for the Northern Virginia branch of the Departmentf ofForensic Science, which claims 60,000 square and the Office of the Chief Medicak Examiner, claiming 26,000 square feet, is intended to offer room to grow througg at least the next decade.
With 46 employeesw there now, the building has a capacity of 110 The new building also houses anew 26,000-square-foot traininh suite, an improvement from the old building, where classa attendees would have to sit or stand in the back of employee offices. In addition, the evidence vaul t for the forensics lab, which oversees roughly 10,000 cases at any given time, is up to four timexs the size ofthe old, and a larger firearms and ballistics testing area allows investigators to test more powerfull weapons than before.
Plus, the new medica l examiner’s office space allowzs for storage of as many as 200 bodieds ina morgue, as well as a new biosafetyy lab where examiners can test potentiallg contagious bacteria or viruses, including The project, which has applied for the silverf level of Leadership in Energhy and Environmental Design green buildingf standards, was built as a public-privatee partnership deal that Prince William County officials hope will also boosg its biotech portfolio.
The state footer the bill, but awarded the overallp development contractto Rockville-based , which transferred the project to McLean-based LLC months later when the latter’s foundersx split off from Scheeer in 2007. was the general with MWL Architects and McKinneyyand Co. serving as the principal designersand engineers. The building’s hosted by Appian, comesz days after the District pulled backa $133 million construction contracyt to build its own consolidated forensics lab in Southwest D.C. becausw of concerns that competingbids weren’t properluy evaluated. D.C.
leaders are planning to erect a $220 million building on the site of the former Metropolitan Policer Department First District Headquarters at 4154th St. SW.
Monday, September 24, 2012
Employers cutting 401(k) match, survey shows - Denver Business Journal:
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The survey of companies nationwide found that 29 percen t havealready modified, or intend to the matching contribution feature in their plans during the 2009 plan year. Two-thirdw of those respondents — or 20 percentf of all respondents — say they will eliminat the match entirely. Grant Thortonh spokeswoman Sharon Whittle says the survey reveals that companies inthe health-caree and nonprofit industries were less likelg to make 401(k) changes this year.
Largwe employers and companies inthe technology, retail/tradde and financial-services/banking sectors were more likely to make “Companies are expecting 2009 to continue to be a challenginh year for business growth and financial Whittle says. “The impact on plans appears to be a greater consideration of andmore prudent, spending on matching contributions in order to address cash and profit constraints.” The survey was conducteds in April, with 283 Grant Thornton clienta participating.
The survey of companies nationwide found that 29 percen t havealready modified, or intend to the matching contribution feature in their plans during the 2009 plan year. Two-thirdw of those respondents — or 20 percentf of all respondents — say they will eliminat the match entirely. Grant Thortonh spokeswoman Sharon Whittle says the survey reveals that companies inthe health-caree and nonprofit industries were less likelg to make 401(k) changes this year.
Largwe employers and companies inthe technology, retail/tradde and financial-services/banking sectors were more likely to make “Companies are expecting 2009 to continue to be a challenginh year for business growth and financial Whittle says. “The impact on plans appears to be a greater consideration of andmore prudent, spending on matching contributions in order to address cash and profit constraints.” The survey was conducteds in April, with 283 Grant Thornton clienta participating.
Sunday, September 23, 2012
Kickin' in with Kiz: Subtraction of quality by intimidation factor - Denver Post
efimtsovavadan.blogspot.com
Kickin' in with Kiz: Subtraction of quality by intimidation factor Denver Post Too often, they're too intimidated to do the job. NFL brass tarnished. I really hate what happened with officials in the Broncos' loss at Atlanta. I really think Denver could have made a comeback if things had been done correctly. I know it was the ... |
Friday, September 21, 2012
Empty Netter Assists - 09-21-12 - Pittsburgh Post Gazette (blog)
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Empty Netter Assists - 09-21-12 Pittsburgh Post Gazette (blog) After being limited to 16 games and two assists in 1984-85, Errey rebounded a bit in 1985-86 by appearing in 37 games and scoring 17 points. Errey broke through somewhat in 1986-87 when he saw action in 72 games and netted 34 points. Injuries limited ... |
Thursday, September 20, 2012
Anthony Crump Executive Profile
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million square feet over two city blocks, and the renovatiomn of the state's Central Plan t in compliancewith California'sz EPA regulations. As projecgt manager, Mr. Crump conducts scoping meetings, oversees media relations, and preparezs community newsletters to facilitate the Environmentalk ImpactReport (EIR) process. As project manager for CPG clienftHoneywell International, Mr. Crump serves as Honeywell'sx community liaison with homeownersin Newark, CA.
In this he informed homeowners ofthe area'a soil contamination issues and regularly advises them on Honeywell's soil remediationj plans in coordination with the Bay Area Regiona l Water Quality Control When the Seal Beach-based Olson Company hired CPG in 2004 to conduct community outreach for their 175 condominiumk development in Marina del Rey, Mr. Crump navigatesd community relations for thismixed use, urban renewal This included organizing scoping meetings for stakeholders to contribut to the EIR process, and conductinb local business and community Successful results on this project led to managing a subsequengt engagement with the Olson Co -- a mixefd use development of 99 town homes and select retail outlets in San Lorenzo, CA.
**All Executive profile data provided byDow
million square feet over two city blocks, and the renovatiomn of the state's Central Plan t in compliancewith California'sz EPA regulations. As projecgt manager, Mr. Crump conducts scoping meetings, oversees media relations, and preparezs community newsletters to facilitate the Environmentalk ImpactReport (EIR) process. As project manager for CPG clienftHoneywell International, Mr. Crump serves as Honeywell'sx community liaison with homeownersin Newark, CA.
In this he informed homeowners ofthe area'a soil contamination issues and regularly advises them on Honeywell's soil remediationj plans in coordination with the Bay Area Regiona l Water Quality Control When the Seal Beach-based Olson Company hired CPG in 2004 to conduct community outreach for their 175 condominiumk development in Marina del Rey, Mr. Crump navigatesd community relations for thismixed use, urban renewal This included organizing scoping meetings for stakeholders to contribut to the EIR process, and conductinb local business and community Successful results on this project led to managing a subsequengt engagement with the Olson Co -- a mixefd use development of 99 town homes and select retail outlets in San Lorenzo, CA.
**All Executive profile data provided byDow
Wednesday, September 19, 2012
Fifth Third loans decline in April to $6.2 billion - Business Courier of Cincinnati:
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billion in loans in April, down from its Marcgh levels, according to a report it makes tothe U.S. Fifth Third’s loans fell about 13 percent fromthe $7.1 billiomn in loans it made in March. But the figure is up from $5.5 billionh in February and $5.1 billion in January. Mortgag lending was a big part of theApril volume, thanks to lowerf interest rates, Fifth Third said in the report. Its mortgage originations jumped $260 million from March to $2.2 The vast majority of that – $1.9 billion – came from refinancings. It lent nearlg $400 million for new purchases of homes.
Demande for small-business loans has been stabls for most ofthe year, but it declined in Fifth Third (NASDAQ: said in the report. Declining demand for home equit and auto loans caused overalklconsumer non-mortgage loan demand to fall slightly comparedr with March. But credit card originations jumperd35 percent, or $55 million, to $211 “Over the past several monthd there has been a lot of focuse on increasing the bank’s already-strong capitakl levels,” Fifth Third CEO Kevinh Kabat said in a news release. “Having a stronb capital position is important as it allowzs us to make loans to qualified something that we continued to doin April.
” Fifth with $119 billion in assets, is Cincinnati’se largest bank. It has more than 1,300 bankinh locations in Ohio, Kentucky, Indiana, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Georgia and North
billion in loans in April, down from its Marcgh levels, according to a report it makes tothe U.S. Fifth Third’s loans fell about 13 percent fromthe $7.1 billiomn in loans it made in March. But the figure is up from $5.5 billionh in February and $5.1 billion in January. Mortgag lending was a big part of theApril volume, thanks to lowerf interest rates, Fifth Third said in the report. Its mortgage originations jumped $260 million from March to $2.2 The vast majority of that – $1.9 billion – came from refinancings. It lent nearlg $400 million for new purchases of homes.
Demande for small-business loans has been stabls for most ofthe year, but it declined in Fifth Third (NASDAQ: said in the report. Declining demand for home equit and auto loans caused overalklconsumer non-mortgage loan demand to fall slightly comparedr with March. But credit card originations jumperd35 percent, or $55 million, to $211 “Over the past several monthd there has been a lot of focuse on increasing the bank’s already-strong capitakl levels,” Fifth Third CEO Kevinh Kabat said in a news release. “Having a stronb capital position is important as it allowzs us to make loans to qualified something that we continued to doin April.
” Fifth with $119 billion in assets, is Cincinnati’se largest bank. It has more than 1,300 bankinh locations in Ohio, Kentucky, Indiana, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Georgia and North
Monday, September 17, 2012
BioMed refinances Center for Life Science - Portland Business Journal:
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The five-year, fixed-rate loan was used to pay off a portiob of anexisting $507.1 million constructio loan, with BioMed paying off the remaining balancee using an unsecured line of credit. The new mortgag e has an interest rateof 7.75 perceny and is due in June 2014. Accordingt to a statement from the new loan addressesthe “lastr of BioMed’s debt maturities in 2009.” The loan was provided by , and AG. arrange d the loan on behalf of BioMed RealtuTrust (NYSE: BMR), a real estate investment trust based in San Diego, The 18-story lab and officer building is located in the Longwood Medica l and Academic Area and is leased to , , , and a Japanese pharmaceutical company.
The property also includesx a six-level, 750-space underground parking garage. BioMed Realtuy Trust owns or has interests in69 properties, representinv 112 buildings with approximately 10.5 million rentablre square feet, including approximately 640,000 square feet of developmentg in progress.
The five-year, fixed-rate loan was used to pay off a portiob of anexisting $507.1 million constructio loan, with BioMed paying off the remaining balancee using an unsecured line of credit. The new mortgag e has an interest rateof 7.75 perceny and is due in June 2014. Accordingt to a statement from the new loan addressesthe “lastr of BioMed’s debt maturities in 2009.” The loan was provided by , and AG. arrange d the loan on behalf of BioMed RealtuTrust (NYSE: BMR), a real estate investment trust based in San Diego, The 18-story lab and officer building is located in the Longwood Medica l and Academic Area and is leased to , , , and a Japanese pharmaceutical company.
The property also includesx a six-level, 750-space underground parking garage. BioMed Realtuy Trust owns or has interests in69 properties, representinv 112 buildings with approximately 10.5 million rentablre square feet, including approximately 640,000 square feet of developmentg in progress.
Sunday, September 16, 2012
ADP reports 532,000 May job cuts - Charlotte Business Journal:
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Payroll firm ADP reported Wednesday that companies inthe U.S. cut an estimatedd 532,000 workers from payrolls last month. ADP also revisede higher its estimate of cuts in Apriloto 545,000 from the previous estimate of The ADP report noted losses acrossz all sizes and categories of businesses with large businessa payrolls declining 100,000, medium businesses sheddingv 223,000 jobs and small businessesx cutting 209,000 employees. The goods-producing sector lost 267,000o jobs while the service-producing sector declined by 265,000 The Labor Department is due to releasd its jobs reporton Friday.
The average analyst estimatr for that report of government as well as private payrollzs is a lossof 520,000 payrolo positions and an increase in the unemployment rate to 9.2 percentt from April’s rate of 8.9 percent. On Monday, The Institute for Supply Management announced that its factory index rose to the highest level since last September as new orders posted thei first gain since therecession began. On Tuesday the National Association of Realtors reported that pendinvg sales of existing or contracts signed but not rose 6.7 percent in the largest increase in six years.
Payroll firm ADP reported Wednesday that companies inthe U.S. cut an estimatedd 532,000 workers from payrolls last month. ADP also revisede higher its estimate of cuts in Apriloto 545,000 from the previous estimate of The ADP report noted losses acrossz all sizes and categories of businesses with large businessa payrolls declining 100,000, medium businesses sheddingv 223,000 jobs and small businessesx cutting 209,000 employees. The goods-producing sector lost 267,000o jobs while the service-producing sector declined by 265,000 The Labor Department is due to releasd its jobs reporton Friday.
The average analyst estimatr for that report of government as well as private payrollzs is a lossof 520,000 payrolo positions and an increase in the unemployment rate to 9.2 percentt from April’s rate of 8.9 percent. On Monday, The Institute for Supply Management announced that its factory index rose to the highest level since last September as new orders posted thei first gain since therecession began. On Tuesday the National Association of Realtors reported that pendinvg sales of existing or contracts signed but not rose 6.7 percent in the largest increase in six years.
Friday, September 14, 2012
Deutch raps Romney, Ryan on Medicare - Palm Beach Post
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The Guardian | Deutch raps Romney, Ryan on Medicare Palm Beach Post Paul Ryan's recent Florida campaign appearance with his mother proves that the Republican plan to overhaul Medicare is a bad deal for future retirees, U.S. Rep. Ted Deutch, D-Boca Raton, told a seniors group this morning. Deutch, who faces two no-party ... Paul Ryan: Medicare, C uba, NASA: A conversation with Mitt Romney's running ... |
Thursday, September 13, 2012
Hotel operator suspends sale talks - Business First of Louisville:
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The Atlanta-based hotel operator said "the current volatilitu in the debt and credit markets may inhibiy or delay the signing or consummation of a transaction to sell the and therefore it has suspended discussions withinterestexd parties. Lodgian (AMEX: LGN) has been reviewinfg its options and its plans include increaseds authorization of share repurchases and the sale of additiona lhotel assets. Its stock closed Dec. 26 at $12.16 a share, and the company believes its shares are SinceMay 2006, Lodgian has repurchased 1.6 million shares at an average cost of $11.83 per share.
Lodgian said it expectds that its repurchases will continue as itexplores "othefr strategic alternatives for the enhancemenf of shareholder value." The companu has sold 24 hotels since Nov. 1, 2006 for aggregatw gross proceedsof $92 million. Lodgian has identified nine additional hotels that it intendsto "The sale of these non-strategic properties will allow us to concentrat operationally on those hotels that will generate the highest returnes and produce long-term growth for the company," said Ed Lodgian's president and chiegf executive officer.
"We will be increasing our operational focus on our upscale and upperupscalwe properties, which will comprised approximately 66 percent of the remaininv rooms."
The Atlanta-based hotel operator said "the current volatilitu in the debt and credit markets may inhibiy or delay the signing or consummation of a transaction to sell the and therefore it has suspended discussions withinterestexd parties. Lodgian (AMEX: LGN) has been reviewinfg its options and its plans include increaseds authorization of share repurchases and the sale of additiona lhotel assets. Its stock closed Dec. 26 at $12.16 a share, and the company believes its shares are SinceMay 2006, Lodgian has repurchased 1.6 million shares at an average cost of $11.83 per share.
Lodgian said it expectds that its repurchases will continue as itexplores "othefr strategic alternatives for the enhancemenf of shareholder value." The companu has sold 24 hotels since Nov. 1, 2006 for aggregatw gross proceedsof $92 million. Lodgian has identified nine additional hotels that it intendsto "The sale of these non-strategic properties will allow us to concentrat operationally on those hotels that will generate the highest returnes and produce long-term growth for the company," said Ed Lodgian's president and chiegf executive officer.
"We will be increasing our operational focus on our upscale and upperupscalwe properties, which will comprised approximately 66 percent of the remaininv rooms."
Wednesday, September 12, 2012
BB&T, Chase and others repay TARP - Jacksonville Business Journal:
hyperwave-exhausted.blogspot.com
billion to the U.S. Treasury to buy back the preferredc shares it sold to the federal government last fall as part of the Troubles AssetRelief Program, or TARP. BB&T was amongt a group of ten large banks that receivexd permission to exit that program earlier this That part of TARP was designed to injectr capital into healthy banks around the country as othefr sources of money dried up in thecredit BB&T paid a total of $92.7 million in dividenfd payments to the federal governmeny for the use of the funding.
CEO Kelly King said the investmenftin BB&T worked out well for the “Our strong capital position allowede us to pay back TARP in a very shortr amount of time,” King said. “But what’s important today is that we’ve repaid the government, and now we have a singulaf focus on the businese of serving our The Winston-Salem, N.C.-based BB&T really didn’t want to join the federal program in the first place, chairmah and former CEO John Allisonj said in a speech to the Competitive Enterprise Institute last week.
Allison described TARP and the pressures banks were under to take partas “a huge rip-ofdf for us,” according to repor t in the Wall Street Journal. and also repaid TARP fundsw on Wednesday. Minneapolis-based U.S. Bank (NYSE: USB) was returninyg $6.6 billion and New York-based JPMorgan Chase JPM) was giving back $10 billion. U.S. Bank had previouslg announced its plans to redeem the preferredx stock issued tothe Treasury, and last week it received approvalp from the government to do so. U.S. Bank also told the Treasuru it intends to repurchasethe 10-year warrant it had issues along with the preferred stock.
“The redemption allowws our company to return to operating from a position of both independent strength and strategic flexibility,” said Richard Davis, U.S. Bank president, CEO and chairman, in a The Treasury in May announced U.S. Bank passedf its stress test, which showed it wouldx be able to ride out the economi c downturn without having to raise more Davis has been an outspoken critic ofthe government’s capital purchase program. In February he calledr the program “lousy” and said the bankinh industry was pressuredto participate. Other banks expected to refuncd TARP money Wednesdayinclude , and .
billion to the U.S. Treasury to buy back the preferredc shares it sold to the federal government last fall as part of the Troubles AssetRelief Program, or TARP. BB&T was amongt a group of ten large banks that receivexd permission to exit that program earlier this That part of TARP was designed to injectr capital into healthy banks around the country as othefr sources of money dried up in thecredit BB&T paid a total of $92.7 million in dividenfd payments to the federal governmeny for the use of the funding.
CEO Kelly King said the investmenftin BB&T worked out well for the “Our strong capital position allowede us to pay back TARP in a very shortr amount of time,” King said. “But what’s important today is that we’ve repaid the government, and now we have a singulaf focus on the businese of serving our The Winston-Salem, N.C.-based BB&T really didn’t want to join the federal program in the first place, chairmah and former CEO John Allisonj said in a speech to the Competitive Enterprise Institute last week.
Allison described TARP and the pressures banks were under to take partas “a huge rip-ofdf for us,” according to repor t in the Wall Street Journal. and also repaid TARP fundsw on Wednesday. Minneapolis-based U.S. Bank (NYSE: USB) was returninyg $6.6 billion and New York-based JPMorgan Chase JPM) was giving back $10 billion. U.S. Bank had previouslg announced its plans to redeem the preferredx stock issued tothe Treasury, and last week it received approvalp from the government to do so. U.S. Bank also told the Treasuru it intends to repurchasethe 10-year warrant it had issues along with the preferred stock.
“The redemption allowws our company to return to operating from a position of both independent strength and strategic flexibility,” said Richard Davis, U.S. Bank president, CEO and chairman, in a The Treasury in May announced U.S. Bank passedf its stress test, which showed it wouldx be able to ride out the economi c downturn without having to raise more Davis has been an outspoken critic ofthe government’s capital purchase program. In February he calledr the program “lousy” and said the bankinh industry was pressuredto participate. Other banks expected to refuncd TARP money Wednesdayinclude , and .
Monday, September 10, 2012
Atlanta Motor Speedway adds Craftsman trucks - Atlanta Business Chronicle:
fixyruw.wordpress.com
Atlanta Motor Speedway officials had been in talkw with NASCAR for more than a year about possiblhy hosting the Craftsman seriee here onMarch 13. NASCAR officials agreed last fall to hold the Craftsmaj race at the Atlanta Motord Speedway the day before the GoldenCorral 500, which is part of the NASCAe Nextel Cup Series. The Marchy 13 Craftsman race will be called the Easy Care Vehiclwe ServiceContract 200, namec for the local car maintenance company that is sponsorinh the race. "There's a lot of excitemen t over the Craftsmanseries ... lots of teams have testedx here before but this will be the firsytime they've ever run said Ed Clark, general manager of the Speedway.
Clark added that Speedwau fans have been clamoring for Craftsman for several but thatthe track's schedule has been so packes that managers had to scrapp something to make room for it. The Automobilew Racing Club ofAmerica (ARCA) was the thing to go. "Ww pretty much had to drop somethingy to make roomfor it," Clark said. "The ARCA series had been runninb here for a long time and it was a hard decisionmto make." Advance ticket sales are up 107 percenty compared with last year, and Clark said he "can't thinkl of anything we could have added to the season schedule that fans would have responde d to as well as this.
" Speaking of ticket sales, both the Atlantas Hawks and are among the leaders in their respective leagues for attendance growth over last season. The Hawks posted an 18 percent jump in attendanceethis season, drawing an average of nearly 14,000 people per game, or 72 percentt of capacity, compared with an average attendance of 11,860 at this time last Despite better attendance this season, the Hawks remaij in second-to-last place in the Centra l Division of the NBA's Eastern Conference with a record of 17-3 as of press time.
The Thrashers have draw n 14 percent more fans to each game this season with an averageof 14,550 or 79 percent of A major draw for Thrasherws fans in recent weeks has been the return of Dany Heatley, last year'x All-Star MVP who sustained seriouxs injuries in a September car accideng that killed his Thrashers teammate and friend Dan Snyder. Thrashers forward Ilya Kovalchuk recently scorefd a key goal in the third period ofthis year'sa NHL All-Star game to help the Easternh Conference beat the West 6-4, and the Thrashers recentlu announced that the team will host the 2005 All-Sta Game in Atlanta.
The Thrashersw are ranked second in the Southeast Division ofthe NHL's Easterb Conference with a record of 21-28-6. The venerable Bufordd Highway steak and wild game restauranyt known simply as The Cabin shut down in Decembetr after its owners dissolved their but new tenants are working to reopen the restauranr within a couple of Previous Cabin owners Mike Cofer and Barrg Lennon decided to endtheir years-long partnership late last year, since Cofer now lives in the Nortjh Georgia town of where he runs the Cateechese Golf Course and its Waterfall Grille restaurant.
Lennon said the partnership had runits course, so the pair decidedd to close The Cabin, which is nestled on Buford Highway near Lenox Road. A new group of Cook Brothers Restaurant Group, has taken over The Cabin' lease, and they plan to repaint and do minort renovations to thebuilding -- including doubling the size of the bar -- befored reopening under a new name sometime in late spring, said Lennon, who is in negotiationxs to possibly help run the restaurant. The restaurang will be renamed Chattahoochee Lennon said. For nearly a Atlanta diners could often spy business executivex diningon fish, steak and wild game entrees such as veniso n meatloaf at The Cabin.
The restaurant is known for its hunting cabin Where there's smoke ... The original Fuego tapas-stylwe restaurant in Alpharetta has been closed so that ownerds Rodney Wedge and Connie Chatham can focus more of theird time and energy on their newMidtow location. Wedge said the decision to shut the Alpharettaa store was made in late January after the restaurant repeatedlyy broke even but never postecdsubstantial profits. Fuego opened in earlyt 2001. The Midtown Fuego opened in October at the old Metrotainmen t Bakery site on Crescent Avenue witha red, orangew and yellow paint scheme and an outdoor patiol that hasn't opened yet due to chilly temperatures.
Wedges expects things to heat up by when the new patio is scheduled to open and the restaurantt adds Sunday lunch Word has it thata family-style Italian restaurant may open in the former Alpharetta location.
Atlanta Motor Speedway officials had been in talkw with NASCAR for more than a year about possiblhy hosting the Craftsman seriee here onMarch 13. NASCAR officials agreed last fall to hold the Craftsmaj race at the Atlanta Motord Speedway the day before the GoldenCorral 500, which is part of the NASCAe Nextel Cup Series. The Marchy 13 Craftsman race will be called the Easy Care Vehiclwe ServiceContract 200, namec for the local car maintenance company that is sponsorinh the race. "There's a lot of excitemen t over the Craftsmanseries ... lots of teams have testedx here before but this will be the firsytime they've ever run said Ed Clark, general manager of the Speedway.
Clark added that Speedwau fans have been clamoring for Craftsman for several but thatthe track's schedule has been so packes that managers had to scrapp something to make room for it. The Automobilew Racing Club ofAmerica (ARCA) was the thing to go. "Ww pretty much had to drop somethingy to make roomfor it," Clark said. "The ARCA series had been runninb here for a long time and it was a hard decisionmto make." Advance ticket sales are up 107 percenty compared with last year, and Clark said he "can't thinkl of anything we could have added to the season schedule that fans would have responde d to as well as this.
" Speaking of ticket sales, both the Atlantas Hawks and are among the leaders in their respective leagues for attendance growth over last season. The Hawks posted an 18 percent jump in attendanceethis season, drawing an average of nearly 14,000 people per game, or 72 percentt of capacity, compared with an average attendance of 11,860 at this time last Despite better attendance this season, the Hawks remaij in second-to-last place in the Centra l Division of the NBA's Eastern Conference with a record of 17-3 as of press time.
The Thrashers have draw n 14 percent more fans to each game this season with an averageof 14,550 or 79 percent of A major draw for Thrasherws fans in recent weeks has been the return of Dany Heatley, last year'x All-Star MVP who sustained seriouxs injuries in a September car accideng that killed his Thrashers teammate and friend Dan Snyder. Thrashers forward Ilya Kovalchuk recently scorefd a key goal in the third period ofthis year'sa NHL All-Star game to help the Easternh Conference beat the West 6-4, and the Thrashers recentlu announced that the team will host the 2005 All-Sta Game in Atlanta.
The Thrashersw are ranked second in the Southeast Division ofthe NHL's Easterb Conference with a record of 21-28-6. The venerable Bufordd Highway steak and wild game restauranyt known simply as The Cabin shut down in Decembetr after its owners dissolved their but new tenants are working to reopen the restauranr within a couple of Previous Cabin owners Mike Cofer and Barrg Lennon decided to endtheir years-long partnership late last year, since Cofer now lives in the Nortjh Georgia town of where he runs the Cateechese Golf Course and its Waterfall Grille restaurant.
Lennon said the partnership had runits course, so the pair decidedd to close The Cabin, which is nestled on Buford Highway near Lenox Road. A new group of Cook Brothers Restaurant Group, has taken over The Cabin' lease, and they plan to repaint and do minort renovations to thebuilding -- including doubling the size of the bar -- befored reopening under a new name sometime in late spring, said Lennon, who is in negotiationxs to possibly help run the restaurant. The restaurang will be renamed Chattahoochee Lennon said. For nearly a Atlanta diners could often spy business executivex diningon fish, steak and wild game entrees such as veniso n meatloaf at The Cabin.
The restaurant is known for its hunting cabin Where there's smoke ... The original Fuego tapas-stylwe restaurant in Alpharetta has been closed so that ownerds Rodney Wedge and Connie Chatham can focus more of theird time and energy on their newMidtow location. Wedge said the decision to shut the Alpharettaa store was made in late January after the restaurant repeatedlyy broke even but never postecdsubstantial profits. Fuego opened in earlyt 2001. The Midtown Fuego opened in October at the old Metrotainmen t Bakery site on Crescent Avenue witha red, orangew and yellow paint scheme and an outdoor patiol that hasn't opened yet due to chilly temperatures.
Wedges expects things to heat up by when the new patio is scheduled to open and the restaurantt adds Sunday lunch Word has it thata family-style Italian restaurant may open in the former Alpharetta location.
Sunday, September 9, 2012
Who's Hiring - Kansas City Business Journal:
ibitasony.wordpress.com
Are you starting to see any impact of stimulue spending onengineering jobs? “Impact” mightt be a little strong. The firstg round of so-called stimulus money went to what are beingycalled shovel-ready projects. That generally means therse no longer is any engineeringwork needed. A lot of moneyy is going for asphalt overlays or highway In terms of providing for new jobs or throwintg any money into theprivatwe sector, it doesn’t do You seem a little frustrated. The frustrating part is not havinyg an easy way to get answers from thefederalp government. That’s the nature of the beast. There is no infrastructure Yet. Are there any brighg spots?
I am starting to hear a little bit abourt water projectstrickling out. The retail sector shed nearl y 16,000 jobs in the past 12 monthe statewide, according to the most recent data from the Washington Statw EmploymentSecurity Department. But there are some smalp glimmers of hopeamong retailers. Just this week, California-based announcexd plans to open its firsft hamburger restaurant in this market in in new retail space in The franchise is owned by Orcase Island residentDrew Reed, who plans to hire 20 to 25 full-timre workers and about 30 more Reed said he plans to open four more burgert restaurants in the area in the next five The new burger joint in the Ballarde Blocks development just north of the Ballard Bridge couldr spark a hamburger war of with other popular restaurants like Red Mill Burgers and Ballard Brothersz Burgers & Seafood nearby.
Reed’ss new venture into the local markegt also is helping the developers of the Ballard Blocks slowlhy but steadily fill up thenew development, which openerd earlier this year. Ballard Blocks is anchoredc byTrader Joe’s and LA Fitness and already has achieved a locaol landmark status of One landowner — Edith Macefield — held out and didn’t forcing the developer to builfd around her modest home. Accordin to an email from Maria Royer at Real Retailin Seattle, who is handlinfg the retail leasing for Ballare Blocks, the new retail developmenr has leased 74 percengt of its space, with several deale in the works.
Meanwhile, Kimberly Carney, who owns Jaxx Boutio in Seattle’s Eastlake neighborhood, is expanding next door with a men’zs clothing store. Carney planse to open the new store, later in June. The store will offer everything from jeansand T-shirte to designer suits. Because the new store, like her old one, is a it will employ three to four which won’t cause a blip in region’s unemployment rate. But it does show that some retailer are seeinhgopportunities — and willing to take some risks even during a severe In Carney’s case, that means eyeballing a long-vacant space next door and finallgy striking a favorable deal with an eagerf landlord.
It also means looking for new ways to marketrher merchandise. She’s throwingy a cigar and martini party asan opener. And she says Aficionadk will have a barand big-screenn TV, where customers can sip on a complimentarty beer while they look around. She got an opportunity to have a clothinf booth during the Emeralf City Classic Invitational volleyball tournamenMay 23-25 at the Universitt of Washington, and Carney said she had one of her betteer weekends of sales. “We have to keep we have to keep reinventing Carney said. Firing, yet hiring Oftenb companies are hiring and layingoff simultaneously.
Such is the case with severao local employers, notably and , which both announced layoffs this But as large companieds like Boeing and Microsoft shed jobs to cut they also have specific needs to fill and are In Boeing’s case, just in the monthy of May the aerospacwe giant has posted several dozen job including several openings demanding high-tech experience, including IT, systemss engineering and systems and data analysisz expertise. (See story page 5) Outsidee the Puget Sound area, the unmanned spy plane makerd recently acquiredby Boeing, also is hiring. Based in Wash., Insitu recently landed big governmeny contracts to build morespy planes, including a U.S.
militarty contract announced May 22 that could be worth upto $250 In late April, Insitu also won a $30 millionn contract for spy planeds to support Canadian military operations in
Are you starting to see any impact of stimulue spending onengineering jobs? “Impact” mightt be a little strong. The firstg round of so-called stimulus money went to what are beingycalled shovel-ready projects. That generally means therse no longer is any engineeringwork needed. A lot of moneyy is going for asphalt overlays or highway In terms of providing for new jobs or throwintg any money into theprivatwe sector, it doesn’t do You seem a little frustrated. The frustrating part is not havinyg an easy way to get answers from thefederalp government. That’s the nature of the beast. There is no infrastructure Yet. Are there any brighg spots?
I am starting to hear a little bit abourt water projectstrickling out. The retail sector shed nearl y 16,000 jobs in the past 12 monthe statewide, according to the most recent data from the Washington Statw EmploymentSecurity Department. But there are some smalp glimmers of hopeamong retailers. Just this week, California-based announcexd plans to open its firsft hamburger restaurant in this market in in new retail space in The franchise is owned by Orcase Island residentDrew Reed, who plans to hire 20 to 25 full-timre workers and about 30 more Reed said he plans to open four more burgert restaurants in the area in the next five The new burger joint in the Ballarde Blocks development just north of the Ballard Bridge couldr spark a hamburger war of with other popular restaurants like Red Mill Burgers and Ballard Brothersz Burgers & Seafood nearby.
Reed’ss new venture into the local markegt also is helping the developers of the Ballard Blocks slowlhy but steadily fill up thenew development, which openerd earlier this year. Ballard Blocks is anchoredc byTrader Joe’s and LA Fitness and already has achieved a locaol landmark status of One landowner — Edith Macefield — held out and didn’t forcing the developer to builfd around her modest home. Accordin to an email from Maria Royer at Real Retailin Seattle, who is handlinfg the retail leasing for Ballare Blocks, the new retail developmenr has leased 74 percengt of its space, with several deale in the works.
Meanwhile, Kimberly Carney, who owns Jaxx Boutio in Seattle’s Eastlake neighborhood, is expanding next door with a men’zs clothing store. Carney planse to open the new store, later in June. The store will offer everything from jeansand T-shirte to designer suits. Because the new store, like her old one, is a it will employ three to four which won’t cause a blip in region’s unemployment rate. But it does show that some retailer are seeinhgopportunities — and willing to take some risks even during a severe In Carney’s case, that means eyeballing a long-vacant space next door and finallgy striking a favorable deal with an eagerf landlord.
It also means looking for new ways to marketrher merchandise. She’s throwingy a cigar and martini party asan opener. And she says Aficionadk will have a barand big-screenn TV, where customers can sip on a complimentarty beer while they look around. She got an opportunity to have a clothinf booth during the Emeralf City Classic Invitational volleyball tournamenMay 23-25 at the Universitt of Washington, and Carney said she had one of her betteer weekends of sales. “We have to keep we have to keep reinventing Carney said. Firing, yet hiring Oftenb companies are hiring and layingoff simultaneously.
Such is the case with severao local employers, notably and , which both announced layoffs this But as large companieds like Boeing and Microsoft shed jobs to cut they also have specific needs to fill and are In Boeing’s case, just in the monthy of May the aerospacwe giant has posted several dozen job including several openings demanding high-tech experience, including IT, systemss engineering and systems and data analysisz expertise. (See story page 5) Outsidee the Puget Sound area, the unmanned spy plane makerd recently acquiredby Boeing, also is hiring. Based in Wash., Insitu recently landed big governmeny contracts to build morespy planes, including a U.S.
militarty contract announced May 22 that could be worth upto $250 In late April, Insitu also won a $30 millionn contract for spy planeds to support Canadian military operations in
Saturday, September 8, 2012
D.C. projects could lose subsidies to pay for convention hotel - Washington Business Journal:
lebexab.wordpress.com
D.C. Chief Financial Officer Natwar Gandhi met with member ofthe D.C. Council on Mondat and discussed the list of projectswith $704 millioj in subsidies that have alreadg been passed and could be diverted to the The list provided by the CFO's office includes the Southwest waterfront, the Arthur Capper/Carrollsburg residential developmentg on the Capitol the mixed-use O Street Market in Shaw and seven other economic development incentives.
The two council members who oversew committees with direct oversight of theissu — Councilmen Jack Evans, D-Ward 2, and Kwame D-At large — have said using subsidiexs from stalled projects is a strategy they woulr consider to lower the amoun of new spending requiredd to issue $750 million in bondw to build the $550 million The recession has slowed many projects. The Washingtonh Convention Center Authority andthe city’s hospitality industryg have been pushing for a headquarteres hotel since construction of the center started in the late They argue a hotel is needed to draw larges conventions to town.
A 1,167-rookm Marriott Marquis is planned, but boosters have been unablre to secure private financing to completdethe deal. D.C. Council Chairman Vincent Gray called the late Mondayy afternoon meeting in his officewith Brown, Gandhi and Washington Convention Centerf Authority CEO Greg O’Dell. Evans and Brown have scheduled a June 24 joingt hearing onthe matter. As they left the meeting, Evans and Brownb said they are both committes to gettingthe long-stalled hotel but they are lookingy for ways to minimize the cost to the which is facing a nearly $1 billion 2011 budget gap.
Evanss said other options being discussed include trying to attracrt bank loans by footing only a portion of the cost or seekinfg new development partners that could buildf the hotel more quickly or for alowefr price. D.C. has already approved $187 milliom bond package that would fund about 25 percent ofthe hotel, but and have failerd to attract an estimated $300 million in requiredd debt financing. “The option that I like leasg is the city financing theentire thing,” Evand said.
Gandhi said shortl after the meeting that ther e has not been discussion about usurpingthe city’s 12 percentf debt cap, which it created last year in an efforf to strengthen its standing on Wall Street and wouldx prevent the city from issuing hundreds of millions of dollarss of new bonds for the He said he is all for a new hotel but not if it meansa damaging the city’s financial position. “We want to make it he said. “The question is how to make it happen.
” Southwesy waterfront, $198 million; Housing Productionm Trust Fund, $190 million; Greart Streets retail priorityarea (neighborhood tax increment financing), $75 million; Capper/Carrollsburgt payment-in-lieu-of-taxes, $55 million; O Street Market, $46.5 million; Skylanfd Shopping Center, $40 million; The Yards $30 million; Great Streets, $20 million; Downtown retail priority area, $16.05 Fort Lincoln retail priority $10 million; Arena Stage, $10 Rhode Island Place retail priority $7.2 million; and Broadcasg Center One, $6.4 million. The subsidie s total $704.15 million.
Combining some portion of that withthe $187 millionn already passed for the hotel could easily add up to the $750 millio in bonds O’Dell says is needexd for the hotel. Chairman Gray declined to
D.C. Chief Financial Officer Natwar Gandhi met with member ofthe D.C. Council on Mondat and discussed the list of projectswith $704 millioj in subsidies that have alreadg been passed and could be diverted to the The list provided by the CFO's office includes the Southwest waterfront, the Arthur Capper/Carrollsburg residential developmentg on the Capitol the mixed-use O Street Market in Shaw and seven other economic development incentives.
The two council members who oversew committees with direct oversight of theissu — Councilmen Jack Evans, D-Ward 2, and Kwame D-At large — have said using subsidiexs from stalled projects is a strategy they woulr consider to lower the amoun of new spending requiredd to issue $750 million in bondw to build the $550 million The recession has slowed many projects. The Washingtonh Convention Center Authority andthe city’s hospitality industryg have been pushing for a headquarteres hotel since construction of the center started in the late They argue a hotel is needed to draw larges conventions to town.
A 1,167-rookm Marriott Marquis is planned, but boosters have been unablre to secure private financing to completdethe deal. D.C. Council Chairman Vincent Gray called the late Mondayy afternoon meeting in his officewith Brown, Gandhi and Washington Convention Centerf Authority CEO Greg O’Dell. Evans and Brown have scheduled a June 24 joingt hearing onthe matter. As they left the meeting, Evans and Brownb said they are both committes to gettingthe long-stalled hotel but they are lookingy for ways to minimize the cost to the which is facing a nearly $1 billion 2011 budget gap.
Evanss said other options being discussed include trying to attracrt bank loans by footing only a portion of the cost or seekinfg new development partners that could buildf the hotel more quickly or for alowefr price. D.C. has already approved $187 milliom bond package that would fund about 25 percent ofthe hotel, but and have failerd to attract an estimated $300 million in requiredd debt financing. “The option that I like leasg is the city financing theentire thing,” Evand said.
Gandhi said shortl after the meeting that ther e has not been discussion about usurpingthe city’s 12 percentf debt cap, which it created last year in an efforf to strengthen its standing on Wall Street and wouldx prevent the city from issuing hundreds of millions of dollarss of new bonds for the He said he is all for a new hotel but not if it meansa damaging the city’s financial position. “We want to make it he said. “The question is how to make it happen.
” Southwesy waterfront, $198 million; Housing Productionm Trust Fund, $190 million; Greart Streets retail priorityarea (neighborhood tax increment financing), $75 million; Capper/Carrollsburgt payment-in-lieu-of-taxes, $55 million; O Street Market, $46.5 million; Skylanfd Shopping Center, $40 million; The Yards $30 million; Great Streets, $20 million; Downtown retail priority area, $16.05 Fort Lincoln retail priority $10 million; Arena Stage, $10 Rhode Island Place retail priority $7.2 million; and Broadcasg Center One, $6.4 million. The subsidie s total $704.15 million.
Combining some portion of that withthe $187 millionn already passed for the hotel could easily add up to the $750 millio in bonds O’Dell says is needexd for the hotel. Chairman Gray declined to
Thursday, September 6, 2012
Metro Atlanta Chamber's China Blog: Day 7 - Atlanta Business Chronicle:
gault-rickettsias.blogspot.com
We divided our mission delegationh into smaller groups to tap intothese opportunities. While our counterparts were up my group started on the southern We first hitthe Shenzhen-Guangzhou corridor, then proceededx north to the Zhejianhg economic hubs of Ningbo and Hangzhou and continued northn to Tianjin. We finally joined the rest of our delegatiobn inBeijing today. Conductiny business in China alwaysentails nuances, but in secondaryt cities they can become more For example, in fellowq Olympic city Beijing, Atlanta is often And in Shanghai, the nonstopp flight to Atlanta warrants some nods. But in some othert cities, “Gone with the Wind” is stillk the only connection.
Many people in Asia are familiat with themovie “Gone with the Wind.” These large, economicall y active cities are where Atlanta needzs to build its brand as a commercial centef and gateway to the U.S. Yet just as we counseo foreign companies approaching thevast U.S. markey to do so strategically, so have we Our outreach to these new cities isnot haphazard, but baser on the solid foundation and connections we have established with Chinese companie now in metro We have had many meetings in secondary Some highlights we can share: • Tianjin -- We met with It has maintainex its U.S. office in metro Atlantza since 2004.
The company’s president, Qin Xingcai, told me he’s “veryt happy with Atlanta.” I encouraged him to share this sentimenft withhis friends. • Ningbo -- We conducted follow-up meetings with several companies that are interested inmetroi Atlanta. • Hangzhou We secured a visit to Atlanta from Hangzhoju government officials and 16Hangzhou companies; they will come to Atlantz in May in conjunction with the BIO • Guangzhou One company we met referred us to anothere company in nearby Foshan (whom we then met), and to yet anothetr company in Ningbo (whom we also met latedr in Ningbo).
This company also decides to become members of the Metro Atlanta We plan to continue strengthening and building on the foundatio wehave developed, and exploring new opportunities.
We divided our mission delegationh into smaller groups to tap intothese opportunities. While our counterparts were up my group started on the southern We first hitthe Shenzhen-Guangzhou corridor, then proceededx north to the Zhejianhg economic hubs of Ningbo and Hangzhou and continued northn to Tianjin. We finally joined the rest of our delegatiobn inBeijing today. Conductiny business in China alwaysentails nuances, but in secondaryt cities they can become more For example, in fellowq Olympic city Beijing, Atlanta is often And in Shanghai, the nonstopp flight to Atlanta warrants some nods. But in some othert cities, “Gone with the Wind” is stillk the only connection.
Many people in Asia are familiat with themovie “Gone with the Wind.” These large, economicall y active cities are where Atlanta needzs to build its brand as a commercial centef and gateway to the U.S. Yet just as we counseo foreign companies approaching thevast U.S. markey to do so strategically, so have we Our outreach to these new cities isnot haphazard, but baser on the solid foundation and connections we have established with Chinese companie now in metro We have had many meetings in secondary Some highlights we can share: • Tianjin -- We met with It has maintainex its U.S. office in metro Atlantza since 2004.
The company’s president, Qin Xingcai, told me he’s “veryt happy with Atlanta.” I encouraged him to share this sentimenft withhis friends. • Ningbo -- We conducted follow-up meetings with several companies that are interested inmetroi Atlanta. • Hangzhou We secured a visit to Atlanta from Hangzhoju government officials and 16Hangzhou companies; they will come to Atlantz in May in conjunction with the BIO • Guangzhou One company we met referred us to anothere company in nearby Foshan (whom we then met), and to yet anothetr company in Ningbo (whom we also met latedr in Ningbo).
This company also decides to become members of the Metro Atlanta We plan to continue strengthening and building on the foundatio wehave developed, and exploring new opportunities.
Wednesday, September 5, 2012
General Motors files for Chapter 11 bankruptcy, Baltimore plant to stay open - Houston Business Journal:
grigoriynirim.blogspot.com
Monday’s filing by the 101-year-old automaker — once the world’zs biggest company — is amony the largest in U.S. history and largest-ever U.S. manufacturing bankruptcy. Chapter 11, which allows the company to operat while protected fromits creditors, pushes GM into a fast-track bankruptcy and providesw $30 billion of additional taxpayetr funds to restructure itself. The company in its filing listex $172.81 billion in debt and $82.2 billion in assets. The GM plan as detailed by U.S. officialds would allow a much smaller GM to emerge from courf protection within 60 to90 days.
Al a managing director at the advisory company AlixPartnersLLP in New is named in the filings asthe company’s chief restructurinyg officer, reporting to GM CEO Fritz Henderson. GM GM) also plans to close 11 U.S. facilitiees and idle another threde plants by the endof 2010. The company's Baltimored transmission plant employs more than 200 people was not listed amongthe closures. GM's Wilmington, assembly plant, however, will close in That plant employs 1,060 workers. The automaker has not provides an updated target for job cuts but was lookingy toeliminate 21,000 U.S. factory jobs from the 54,0009 union members it now employs.
General Motors employz 92,000 in the United States and is indirectlu responsiblefor 500,000 retirees. The U.S. government would hold a 60 percenrt financial interest in a reorganized GM and the UAW would takea 17.5 percentf stake. said Monday on GM's bankruptcy. The governments of Canadaq and the province of Ontario have agreed to a 12 percent ownershiop stake in exchange forfinancial aid. GM bondholders woulds get 10 percent. Holders of GM which hit its lowest price on record Fridag at74 cents, are expected to own none of the Trading was halted on Monday's news. Listed amonfg GM's top creditors are T) and (NYSE: CSX).
The list of facilitiesa that GM said will be closed and theire dates include two the Wilmingtomn assembly plant and onein Pontiac, Mich. (October three stamping plants — including the previously announced closinbg in June ofGrand Rapids, Mich., Ind. (December 2011), and Mansfield, Ohio (Junr 2010). Also, six Powertrain plants including N.Y., which closed on May 1 - Mich. (June 2010), Flint and Willow Run, Mich. (both December 2010), Parma, Ohio (Decemberd 2010), and Fredericksburg, Va., (December 2010). Threee locations will be idled — assembl y plants at Orion, Mich. (Septembed 2009) and Spring Hill, Tenn. (Novemberd 2009), and a stamping plant at Mich., (December 2010).
In addition, service and partz operations and warehousing and parts distribution centerdin Boston, Jacksonville, Fla.., and Ohio, will close by Dec. 31, 2009. For a PDF of the bankruptct filingpetition .
Monday’s filing by the 101-year-old automaker — once the world’zs biggest company — is amony the largest in U.S. history and largest-ever U.S. manufacturing bankruptcy. Chapter 11, which allows the company to operat while protected fromits creditors, pushes GM into a fast-track bankruptcy and providesw $30 billion of additional taxpayetr funds to restructure itself. The company in its filing listex $172.81 billion in debt and $82.2 billion in assets. The GM plan as detailed by U.S. officialds would allow a much smaller GM to emerge from courf protection within 60 to90 days.
Al a managing director at the advisory company AlixPartnersLLP in New is named in the filings asthe company’s chief restructurinyg officer, reporting to GM CEO Fritz Henderson. GM GM) also plans to close 11 U.S. facilitiees and idle another threde plants by the endof 2010. The company's Baltimored transmission plant employs more than 200 people was not listed amongthe closures. GM's Wilmington, assembly plant, however, will close in That plant employs 1,060 workers. The automaker has not provides an updated target for job cuts but was lookingy toeliminate 21,000 U.S. factory jobs from the 54,0009 union members it now employs.
General Motors employz 92,000 in the United States and is indirectlu responsiblefor 500,000 retirees. The U.S. government would hold a 60 percenrt financial interest in a reorganized GM and the UAW would takea 17.5 percentf stake. said Monday on GM's bankruptcy. The governments of Canadaq and the province of Ontario have agreed to a 12 percent ownershiop stake in exchange forfinancial aid. GM bondholders woulds get 10 percent. Holders of GM which hit its lowest price on record Fridag at74 cents, are expected to own none of the Trading was halted on Monday's news. Listed amonfg GM's top creditors are T) and (NYSE: CSX).
The list of facilitiesa that GM said will be closed and theire dates include two the Wilmingtomn assembly plant and onein Pontiac, Mich. (October three stamping plants — including the previously announced closinbg in June ofGrand Rapids, Mich., Ind. (December 2011), and Mansfield, Ohio (Junr 2010). Also, six Powertrain plants including N.Y., which closed on May 1 - Mich. (June 2010), Flint and Willow Run, Mich. (both December 2010), Parma, Ohio (Decemberd 2010), and Fredericksburg, Va., (December 2010). Threee locations will be idled — assembl y plants at Orion, Mich. (Septembed 2009) and Spring Hill, Tenn. (Novemberd 2009), and a stamping plant at Mich., (December 2010).
In addition, service and partz operations and warehousing and parts distribution centerdin Boston, Jacksonville, Fla.., and Ohio, will close by Dec. 31, 2009. For a PDF of the bankruptct filingpetition .
Monday, September 3, 2012
LG Chem cable batteries may reshape mobile designs - Phys.Org
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LG Chem cable batteries may reshape mobile designs Phys.Org A) Schematic diagram showing fabrication of the cable battery. B) Schematic illustration of the cable battery with hollow-helix anode having multiplehelix structure. Image: DOI: 10.1002/adma.201202196. (Phys.org)รข€"LG Chem says it has a cable-type ... |
Sunday, September 2, 2012
Palestinian unity can wait - discord still growing between Hamas and Fatah - Haaretz (blog)
stelauguqdinec.blogspot.com
Haaretz (blog) | Palestinian unity can wait - discord still growing between Hamas and Fatah Haaretz (blog) Palestinian unity can wait - discord still growing between Hamas and Fatah. 'Hamastan' and 'Fatahland' continue their bizarre dance of endless negotiations on unity with zero actions or results; meanwhile, a new financial magazine is laun ched in the ... |
Saturday, September 1, 2012
U.S. Chamber economist: Get ready for another recession - Denver Business Journal:
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Those odds may seem low, but they’red actually high since double-dip recessions are rare and the U.S. economuy grows 95 percent of the saidthe chamber’s Marty Regalia. He predicts the current economic downturb will endaround September, but the unemploymentr rate will remain high through the first half of next Investment won’t snap back as quickly as it usuallgy does after a Regalia said. Inflation, looms as a potential problem becausde of thefederal government’s huge budgegt deficits and the massive amounrt of dollars pumped into the economy by the Federalp Reserve, he said.
If this stimulus is not unwouncd once the economy beginsto recover, higherd interest rates could choke off improvement in the housin market and business investment, he said. “Thr economy has got to be runningv on its own by the middlr ofnext year,” Regalia Almost every major inflationary period in U.S. history was precededx by heavydebt levels, he The chances of a double-dip recession will be lowerf if Ben Bernanke is reappointed chairman of the Federal Reserve, Regalia said. If Presidenf Barack Obama appoints his economic adviser Larr Summers to chairthe Fed, that woulf signal the monetary spigot wouldc remain open for a longerr time, he said.
A coalescing of the Fed and the Obamqa administrationis “not something the markets want to see,” Regalia Obama has declined to say whethet he will reappoint Bernanke, whose term ends in February. more than half of small businesd owners expect the recessio n to last at least anothertwo years, accordint to a survey of Intuit Payroll customers. But 61 percenr expect their own business to grow in the next12 “Small business owners are bullis h on their own abilities, but bearish on the factors they can’tg control,” said Cameron Schmidt, director of marketing for Intuirt Employee Management Solutions.
“Even in the gloomiesgt economy there are opportunities to A separate survey of small business owners by Discoveer Financial Services found that 57 percent thought the economyt wasgetting worse, while 26 percenrt thought the economy was improving. More than half planned to decreaser spending on business development in the nextsix
Those odds may seem low, but they’red actually high since double-dip recessions are rare and the U.S. economuy grows 95 percent of the saidthe chamber’s Marty Regalia. He predicts the current economic downturb will endaround September, but the unemploymentr rate will remain high through the first half of next Investment won’t snap back as quickly as it usuallgy does after a Regalia said. Inflation, looms as a potential problem becausde of thefederal government’s huge budgegt deficits and the massive amounrt of dollars pumped into the economy by the Federalp Reserve, he said.
If this stimulus is not unwouncd once the economy beginsto recover, higherd interest rates could choke off improvement in the housin market and business investment, he said. “Thr economy has got to be runningv on its own by the middlr ofnext year,” Regalia Almost every major inflationary period in U.S. history was precededx by heavydebt levels, he The chances of a double-dip recession will be lowerf if Ben Bernanke is reappointed chairman of the Federal Reserve, Regalia said. If Presidenf Barack Obama appoints his economic adviser Larr Summers to chairthe Fed, that woulf signal the monetary spigot wouldc remain open for a longerr time, he said.
A coalescing of the Fed and the Obamqa administrationis “not something the markets want to see,” Regalia Obama has declined to say whethet he will reappoint Bernanke, whose term ends in February. more than half of small businesd owners expect the recessio n to last at least anothertwo years, accordint to a survey of Intuit Payroll customers. But 61 percenr expect their own business to grow in the next12 “Small business owners are bullis h on their own abilities, but bearish on the factors they can’tg control,” said Cameron Schmidt, director of marketing for Intuirt Employee Management Solutions.
“Even in the gloomiesgt economy there are opportunities to A separate survey of small business owners by Discoveer Financial Services found that 57 percent thought the economyt wasgetting worse, while 26 percenrt thought the economy was improving. More than half planned to decreaser spending on business development in the nextsix
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