AFP | Q&A: Turkey to urge UN to set up safe zone in Syria to protect civilians, but ... Washington Post UNITED NATIONS â€" Turkey's foreign minister will urge the Security Council on Thursday to set up a safe zone in Syria to protect thousands of civilians fleeing the civil war, but his appeal is almost certain to go nowhere given the deep divisio ns in ... Q&A about UN Security Council meeting on Syria |
четверг, 30 августа 2012 г.
Q&A: Turkey to urge UN to set up safe zone in Syria to protect civilians, but ... - Washington Post
firukendu-anchored.blogspot.com
среда, 29 августа 2012 г.
Puget Sound Business Journal (Seattle): It was a dark and stormy year (for banks)
elzeyfirekuut1795.blogspot.com
Called "A Year in Bank Supervision, the report from the doesn't have the twists and turnx of "It" or "The Shining,"" but it certainly has a lot to keep anyoner paying attention to thefinancial system'd on their toes. The report is a blow-by-blowe of all the events of 2008 and, if you'v e long forgotten that dreadful year, let me toss out a few name toremind you: Lehman Brothers, Bear Stearnx and Washington Mutual are all mentioned inside. One of the more interestinvg details, I thought, was the updatr on the FDIC's closely-watched "troubled bank" Last year, that list grew from 76 institutionsx nationwidewith $22 billiob in assets to 252 with $159 billioh in assets.
Twenty-five banks, with a total of $372 failed last year. "These banks ofte n had extremelyhigh concentrations, relative to theit capital, in residential aquisition, development and constructioh lending. Frequently those institutions had exhibitede rapid asset growth funded withbrokered deposits. " Unfortunately, that describes many of our community banksdin Washington. If you have the stomacg for thefull report, download it
Called "A Year in Bank Supervision, the report from the doesn't have the twists and turnx of "It" or "The Shining,"" but it certainly has a lot to keep anyoner paying attention to thefinancial system'd on their toes. The report is a blow-by-blowe of all the events of 2008 and, if you'v e long forgotten that dreadful year, let me toss out a few name toremind you: Lehman Brothers, Bear Stearnx and Washington Mutual are all mentioned inside. One of the more interestinvg details, I thought, was the updatr on the FDIC's closely-watched "troubled bank" Last year, that list grew from 76 institutionsx nationwidewith $22 billiob in assets to 252 with $159 billioh in assets.
Twenty-five banks, with a total of $372 failed last year. "These banks ofte n had extremelyhigh concentrations, relative to theit capital, in residential aquisition, development and constructioh lending. Frequently those institutions had exhibitede rapid asset growth funded withbrokered deposits. " Unfortunately, that describes many of our community banksdin Washington. If you have the stomacg for thefull report, download it
понедельник, 27 августа 2012 г.
Dunmore Homes closes sales office - Sacramento Business Journal:
houston-nearly.blogspot.com
The closures follow the filinvof mechanics' liens totaling more than $5 milliom by contractors working on that projectr and another in Rocklin. , a general engineering and construction company in Carmichael thatperforma grading, utilities and underground work, says it's owed $4.2 million for subdivisio n improvements at Dunmore's Laguna Reserver in Elk Grove, which includes Monteret Village, and a new Rocklin subdivision planned for high-endd homes known as Croftwood of Cameron Park filed liens totaling $851,000 for the Elk Grovr development. Dunmore officials did not return phons calls seeking comment about thelatest events.
The companyu halted all constructionin August, but owner Sid Dunmore said in an interview at the time that the company was breaking even. Dunmored Homes sold 66 homes in the Sacramento regiohn during the first seven months of the according to Hanley WoodMarket Intelligence. That compares with 321 home sales for accordingto new-home analyst . At that time, Dunmorer was ranked No. 13 among builders in the Sacramentk market based on sales volume but has since droppec from thetop 25.
The effectsz of flagging new-home sales are showing elsewhere as some homebuilders are pulling up stakes or significantly paring down Costa Mesa-based , which is sellinbg condos in Natomas and single-famil y homes in Galt, is folding its Sacramento division into the San Ramon office, which will now directg the company's Northern California operations. Chris vice president of sales and marketing for Warmington said the combined office will be able to operatertwo new-home projects, but he wished the company had enougnh going in Sacramento to keep the locao office open. Despite the change, Hanson said Warmington is pleased with salee at the NorthNatomas project.
Hanley Wood showws the project is averagingabout 3.7 sales per month since it openecd last year. "As we all know, it'e a very difficult time in the market," Hansojn said. "I don't think you can name a builderthat hasn't had layoffs." Christopherson Homes plan s to move from its 8,500-squarew foot Roseville office, but it's not closingy the Sacramento division, said marketing manager Vicki Doyle. the company is looking for smaller spacde in Roseville to better fitits pared-down staff.
A seriese of layoffs, including some last week, have cut the divisiobn to about half its size of ayear ago, she Christopherson, based in Santa Rosa, has sold 24 of the 60 homeds in its Wisteria project at Whitneyg Ranch in Rocklin, according to Hanley "We're headquartered in Sonoma and there's not a lot of opportunitu for land there," Doyle said. "Oud focus is on Sacramento where there is land." The companh has lots in the Fiddyment Farm developmentt and is considering launchin its new project next year.
Despitr market challenges, Dunmore appears to be pushingy forward with the CroftwoodEstates project, a gatesd community south of Interstate 80 off Sierra College Boulevarrd where homes were originally projecte to fetch $700,000. The city of Rocklin is assistint Dunmore with issuance of infrastructure bonds to build the streetss and other essentials for construction through astatewidre program, the first time the city has used that funding mechaniskm for a residential project, Rocklin assistant city manager Rob Braulijk said. Croftwood Estates is part of a broader push for Dunmorre Homes to double its sales an effort announced last year just as the housingh slumpwas deepening.
The company had said it planned 13,40p homes on land accumulated throughout the valleu during the pastfive years. Dunmore Homes has projects from Bakersfield toYuba City. Locally, Dunmore's plansx include new projects in southSacramento County, includintg a sizable transit-oriented development proposed next to the planneed Morrison Creek light-rail station and 4,0090 new homes near Elk Grove on land that Dunmorre acquired in its foray as a land developer. Dunmor e is also a landowner and a drivingv force behind the annexation of thepanhandle area, a 1,300-acre swath in North Natomas.
The Sacramento City Council on Tuesday voted its intent to annesx it pending the resolution of a fewtechnicalk issues. Dunmore plans to put 2,20 homes in the panhandle. The annexation still requires the approvalp of the Sacramento Local AgencyFormatiojn Commission.
The closures follow the filinvof mechanics' liens totaling more than $5 milliom by contractors working on that projectr and another in Rocklin. , a general engineering and construction company in Carmichael thatperforma grading, utilities and underground work, says it's owed $4.2 million for subdivisio n improvements at Dunmore's Laguna Reserver in Elk Grove, which includes Monteret Village, and a new Rocklin subdivision planned for high-endd homes known as Croftwood of Cameron Park filed liens totaling $851,000 for the Elk Grovr development. Dunmore officials did not return phons calls seeking comment about thelatest events.
The companyu halted all constructionin August, but owner Sid Dunmore said in an interview at the time that the company was breaking even. Dunmored Homes sold 66 homes in the Sacramento regiohn during the first seven months of the according to Hanley WoodMarket Intelligence. That compares with 321 home sales for accordingto new-home analyst . At that time, Dunmorer was ranked No. 13 among builders in the Sacramentk market based on sales volume but has since droppec from thetop 25.
The effectsz of flagging new-home sales are showing elsewhere as some homebuilders are pulling up stakes or significantly paring down Costa Mesa-based , which is sellinbg condos in Natomas and single-famil y homes in Galt, is folding its Sacramento division into the San Ramon office, which will now directg the company's Northern California operations. Chris vice president of sales and marketing for Warmington said the combined office will be able to operatertwo new-home projects, but he wished the company had enougnh going in Sacramento to keep the locao office open. Despite the change, Hanson said Warmington is pleased with salee at the NorthNatomas project.
Hanley Wood showws the project is averagingabout 3.7 sales per month since it openecd last year. "As we all know, it'e a very difficult time in the market," Hansojn said. "I don't think you can name a builderthat hasn't had layoffs." Christopherson Homes plan s to move from its 8,500-squarew foot Roseville office, but it's not closingy the Sacramento division, said marketing manager Vicki Doyle. the company is looking for smaller spacde in Roseville to better fitits pared-down staff.
A seriese of layoffs, including some last week, have cut the divisiobn to about half its size of ayear ago, she Christopherson, based in Santa Rosa, has sold 24 of the 60 homeds in its Wisteria project at Whitneyg Ranch in Rocklin, according to Hanley "We're headquartered in Sonoma and there's not a lot of opportunitu for land there," Doyle said. "Oud focus is on Sacramento where there is land." The companh has lots in the Fiddyment Farm developmentt and is considering launchin its new project next year.
Despitr market challenges, Dunmore appears to be pushingy forward with the CroftwoodEstates project, a gatesd community south of Interstate 80 off Sierra College Boulevarrd where homes were originally projecte to fetch $700,000. The city of Rocklin is assistint Dunmore with issuance of infrastructure bonds to build the streetss and other essentials for construction through astatewidre program, the first time the city has used that funding mechaniskm for a residential project, Rocklin assistant city manager Rob Braulijk said. Croftwood Estates is part of a broader push for Dunmorre Homes to double its sales an effort announced last year just as the housingh slumpwas deepening.
The company had said it planned 13,40p homes on land accumulated throughout the valleu during the pastfive years. Dunmore Homes has projects from Bakersfield toYuba City. Locally, Dunmore's plansx include new projects in southSacramento County, includintg a sizable transit-oriented development proposed next to the planneed Morrison Creek light-rail station and 4,0090 new homes near Elk Grove on land that Dunmorre acquired in its foray as a land developer. Dunmor e is also a landowner and a drivingv force behind the annexation of thepanhandle area, a 1,300-acre swath in North Natomas.
The Sacramento City Council on Tuesday voted its intent to annesx it pending the resolution of a fewtechnicalk issues. Dunmore plans to put 2,20 homes in the panhandle. The annexation still requires the approvalp of the Sacramento Local AgencyFormatiojn Commission.
воскресенье, 26 августа 2012 г.
Hansard Extracts: August 23, 2012 - Gladstone Observer
paramonaxogilozi.blogspot.com
Hansard Extracts: August 23, 2012 Gladstone Observer See below for the Hansard Extracts for August 23, 2012 2012. QON: THE MINISTER FOR HEALTH (MR SPRINGBORG); Public Service and Other Legislation Amendment Bill. Notice Paper for Tuesday, 11 September 2012. 547 MRS CUNNINGHAM ASKED ... |
суббота, 25 августа 2012 г.
Southwest's performance draws high ratings - South Florida Business Journal:
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According to data released by the , 80.5 percen t of Southwest’s flights across the country got to the airport within 15 minutes of theidrscheduled arrival. That’s the metric the government uses tomeasure on-time flights. Southwest was toppe d only by . Southwest (NYSE:LUV) — with 1.97 milliom passengers served atSouth Florida's airports in 2008 — received 0.25 complaints per 100,000 passengerds in 2008, an improvement from 0.26 the year when it was also was best among U.S. The data were compiled by the . Of the six major carriers, US Airways — the fifth-busiest carrietr in South Florida, with 1.
88 million passengers served posted thebest on-time performance in 2008, with 80.1 percent of its flightas arriving on time. — the region's busiest airline, with 7.3 millio passengers – came in last, with 69.8 percent of its flights arrivinygon time. American dominates traffid at , where it has an international hub, while Southwest flies only toand . (NYSE: LCC) improvexd customer service in but still ranked last amongmajor U.S. airlines in consume r complaints. The Tempe, Ariz.-based carrier ranked 19th out of19 U.S. carrier s for consumer complaints for both 2008and 2007. The airline, did improve its numbers in 2008, with 2.
01 complaintes per 100,000 passengers gettinb on a US Airways That compareswith 3.16 complaints for every 100,000 passengers in 2007. The industry averaged 1.13 consumere complaints per 100,000 passengers in 2008 and 1.38 complaintsw per 100,000 in 2007. No. 8 (0.8y complaints per 100,000 passengers) No. 11 (1.02) No. 13 (1.102) No. 14 No. 16 American Airlines (1.33) No. 17 No. 18 (1.85)
According to data released by the , 80.5 percen t of Southwest’s flights across the country got to the airport within 15 minutes of theidrscheduled arrival. That’s the metric the government uses tomeasure on-time flights. Southwest was toppe d only by . Southwest (NYSE:LUV) — with 1.97 milliom passengers served atSouth Florida's airports in 2008 — received 0.25 complaints per 100,000 passengerds in 2008, an improvement from 0.26 the year when it was also was best among U.S. The data were compiled by the . Of the six major carriers, US Airways — the fifth-busiest carrietr in South Florida, with 1.
88 million passengers served posted thebest on-time performance in 2008, with 80.1 percent of its flightas arriving on time. — the region's busiest airline, with 7.3 millio passengers – came in last, with 69.8 percent of its flights arrivinygon time. American dominates traffid at , where it has an international hub, while Southwest flies only toand . (NYSE: LCC) improvexd customer service in but still ranked last amongmajor U.S. airlines in consume r complaints. The Tempe, Ariz.-based carrier ranked 19th out of19 U.S. carrier s for consumer complaints for both 2008and 2007. The airline, did improve its numbers in 2008, with 2.
01 complaintes per 100,000 passengers gettinb on a US Airways That compareswith 3.16 complaints for every 100,000 passengers in 2007. The industry averaged 1.13 consumere complaints per 100,000 passengers in 2008 and 1.38 complaintsw per 100,000 in 2007. No. 8 (0.8y complaints per 100,000 passengers) No. 11 (1.02) No. 13 (1.102) No. 14 No. 16 American Airlines (1.33) No. 17 No. 18 (1.85)
четверг, 23 августа 2012 г.
Charge to hamper Merge 2Q net income - Memphis Business Journal:
geqopimozaqyxyh.blogspot.com
million noncash writedown on the sale of its equitu interest in aradiology company. The West Allis-basesd radiology software and systems provider said the charge is the resulr of the sale of its interest in veterinaryy radiologycompany , as part of Eklin’s acquisition by veterinart services provider (NASDAQ: WOOF). With Elkin's sale to VCA, Mergw (NASDQ: MRGE) will receive $1.4 million for its interest in Elkin, but the majority of that will be recognize in thethird quarter. The however, will be recognized in the second quarter, when Merge will also see $2.
2 million in non-recurring revenue as a result of a new resellert agreement the company reached with Elkib inJune that's being reassigned to VCA. Merge now expects to post net incomed for the second quarterbetween $100,000 and compared with a net loss of $18.22 million a year ago. The company posted net incomre for the first quarter of 2009of $2.8 Excluding the noncash charge, operating income is expected to be $3.7 millio n to $4.4 million, compared with a net loss of $18.32 million a year ago. Revenue is now projectede to be in the rangedof $15 million to $15.5 million, compared with $13.34 million a year ago.
million noncash writedown on the sale of its equitu interest in aradiology company. The West Allis-basesd radiology software and systems provider said the charge is the resulr of the sale of its interest in veterinaryy radiologycompany , as part of Eklin’s acquisition by veterinart services provider (NASDAQ: WOOF). With Elkin's sale to VCA, Mergw (NASDQ: MRGE) will receive $1.4 million for its interest in Elkin, but the majority of that will be recognize in thethird quarter. The however, will be recognized in the second quarter, when Merge will also see $2.
2 million in non-recurring revenue as a result of a new resellert agreement the company reached with Elkib inJune that's being reassigned to VCA. Merge now expects to post net incomed for the second quarterbetween $100,000 and compared with a net loss of $18.22 million a year ago. The company posted net incomre for the first quarter of 2009of $2.8 Excluding the noncash charge, operating income is expected to be $3.7 millio n to $4.4 million, compared with a net loss of $18.32 million a year ago. Revenue is now projectede to be in the rangedof $15 million to $15.5 million, compared with $13.34 million a year ago.
среда, 22 августа 2012 г.
International Day for the Remembrance of the Slave Trade and its Abolition - Examiner.com
efimtsovavadan.blogspot.com
Examiner.com | International Day for the Remembrance of the Slave Trade and its Abolition Examiner.com Launched by UNESCO in 1998, the International Day for the Remembrance of Slave Trade and its Abolition, commemorated on 23 August every year, pays tribute to the millions of men, women and children who were victims of slavery. According to UNESCO ... Modern Day Slavery Remembering the Abolition of the Slave Trade |
вторник, 21 августа 2012 г.
Convention prep turns up a notch - Atlanta Journal Constitution (blog)
deeshu-tatum.blogspot.com
New York Daily News | Convention prep turns up a notch Atlanta Journal Constitution (blog) Even as President Obama and Mitt Romney tangled on Monday in their battle for the White House, my thoughts were focused on upcoming trips to Tampa and Charlotte for the Republican and Democratic conventions. It's a familiar political trip for me to ... The GOP Convention could boost stocks Conventions play to TV, but with little suspense |
воскресенье, 19 августа 2012 г.
German spies active off Syria coast - Business Recorder (blog)
eragywaqer.wordpress.com
The Local.de | German spies active off Syria coast Business Recorder (blog) German agents are also active in the Syrian conflict from the Nato base in the Turkish city of Adana, according to Bild. "We can be proud of the significant contribution we are making to the f » |
суббота, 18 августа 2012 г.
CDTA passes $70.5M budget - The Business Review (Albany):
mastering-input.blogspot.com
The $70.5 million budget approved Wednesdayuby CDTA’s board of directors boosts fares to from $1, beginning April 1, the startg of the fiscal year. A hike in fares, increaserd parking rates at the Albany-Rensselaer station and service reductions were necessary to help closea $5 million shortfall, said Ray CDTA’s executive director. CDTA’s ridership increased by 12 percentrin 2008-09, but the agency has not been able to add routes or buses to accommodate the additionalk need, Melleady said.
The 2009-10 budgety is $450,000 less than the current year’s budget, due mainly to reducedr state funding anda $1 milliojn decrease in mortgage CDTA’s budget gap grew as high $11.y million during the planning but the rate hikes, new parking fees and $15.y7 million in federal stimulus funding helped close the gap. The federa l money will be used to replace some buses that initiallyu were eliminatedfrom CDTA’s replacement schedule.
The $70.5 million budget approved Wednesdayuby CDTA’s board of directors boosts fares to from $1, beginning April 1, the startg of the fiscal year. A hike in fares, increaserd parking rates at the Albany-Rensselaer station and service reductions were necessary to help closea $5 million shortfall, said Ray CDTA’s executive director. CDTA’s ridership increased by 12 percentrin 2008-09, but the agency has not been able to add routes or buses to accommodate the additionalk need, Melleady said.
The 2009-10 budgety is $450,000 less than the current year’s budget, due mainly to reducedr state funding anda $1 milliojn decrease in mortgage CDTA’s budget gap grew as high $11.y million during the planning but the rate hikes, new parking fees and $15.y7 million in federal stimulus funding helped close the gap. The federa l money will be used to replace some buses that initiallyu were eliminatedfrom CDTA’s replacement schedule.
четверг, 16 августа 2012 г.
NTS buys Plainview Apartments - Denver Business Journal:
oryzacody.wordpress.com
Financing for the purchase, which was made throughb an NTS affiliate, , was provided by the , accordinyg to a news release. The purchase pricwe was not disclosed. The previouds owner was PlainviewApartments LP, a Denver-based investmenf partnership, according to onlinde records from the Jefferson County Property Valuation Administratodr and the Kentucky Secretary of Its assessed value for tax purposese is $9.7 million, according to the PVA Web site. Occupancy at the time of the purchasw was about94 percent, the release said. NTS plansz to enhance and renovate the property but no details were disclosexd inthe release.
The apartment complex was developed as part of the Plainview planned which includes800 single-family homes, more than 1,00o apartments, 500 town homes, multiple shopping centers and nearl y 2 million square feet of office space. NTS began construction and development of theplannerd community, Louisville’s first, in the early 1970s. With the NTS Development Co. and its affiliate now own four apartment communitiesin Louisville. Its other holdings in the area are Hurstbourne Grand The Overlookat St. Thomase and The Willows of Plainview.
NTS also managee 14 other apartment communities and 31 commerciakl properties with more than 5 million feetof office, retailo and warehouse space in the Southeast.
Financing for the purchase, which was made throughb an NTS affiliate, , was provided by the , accordinyg to a news release. The purchase pricwe was not disclosed. The previouds owner was PlainviewApartments LP, a Denver-based investmenf partnership, according to onlinde records from the Jefferson County Property Valuation Administratodr and the Kentucky Secretary of Its assessed value for tax purposese is $9.7 million, according to the PVA Web site. Occupancy at the time of the purchasw was about94 percent, the release said. NTS plansz to enhance and renovate the property but no details were disclosexd inthe release.
The apartment complex was developed as part of the Plainview planned which includes800 single-family homes, more than 1,00o apartments, 500 town homes, multiple shopping centers and nearl y 2 million square feet of office space. NTS began construction and development of theplannerd community, Louisville’s first, in the early 1970s. With the NTS Development Co. and its affiliate now own four apartment communitiesin Louisville. Its other holdings in the area are Hurstbourne Grand The Overlookat St. Thomase and The Willows of Plainview.
NTS also managee 14 other apartment communities and 31 commerciakl properties with more than 5 million feetof office, retailo and warehouse space in the Southeast.
среда, 15 августа 2012 г.
Merger of CIC Bancshares, Millennium Bank closes - Bizjournals.com
eragywaqer.wordpress.com
Merger of CIC Bancshares, Millennium Bank closes Bizjournals.com The merger between CIC Bancshares Inc., Denver-based holding company of Centennial Bank, and Millennium Bancorp Inc. of Edwards closed late Tuesday. The combined operation will do business as Centennial Bank and will have $400 million in assets ... Colorado banks Centennial and Millennium complete merger CIC Bancshares, Inc. and Millennium Bancorp, Inc. Complete Merger |
вторник, 14 августа 2012 г.
Silicon Valley Bank grants default waiver to solar company - Silicon Valley / San Jose Business Journal:
olimstgon.blogspot.com
The Bedford, Mass.-based company discussed the action in a filing with the Securitieds and Exchange Commissionon Wednesday. The company's borrowings on a line of creditt wasabout $2.6 million. Silicon Valley Bank granted a waivedfor Spire's defaults for not meeting quarterlyt liquidity and profit covenants. On Tuesday, the bank modified Spire's net income covenant in exchange fora 0.75 percentr increase in the company' interest rate, for Spire lost $508,000 in the first quarter, comparex to a net loss of $1.75 million in the year-ago period.
The company said it has a history of significanfoperating losses, but it believes it has sufficient resourceas to continue as a going concern through at least March 31, 2009, according to the SEC filing. Silicon Valleyy Bank is owned bySanta Clara-based SVB Financial Grouo (NASDAQ:SIVB).
The Bedford, Mass.-based company discussed the action in a filing with the Securitieds and Exchange Commissionon Wednesday. The company's borrowings on a line of creditt wasabout $2.6 million. Silicon Valley Bank granted a waivedfor Spire's defaults for not meeting quarterlyt liquidity and profit covenants. On Tuesday, the bank modified Spire's net income covenant in exchange fora 0.75 percentr increase in the company' interest rate, for Spire lost $508,000 in the first quarter, comparex to a net loss of $1.75 million in the year-ago period.
The company said it has a history of significanfoperating losses, but it believes it has sufficient resourceas to continue as a going concern through at least March 31, 2009, according to the SEC filing. Silicon Valleyy Bank is owned bySanta Clara-based SVB Financial Grouo (NASDAQ:SIVB).
воскресенье, 12 августа 2012 г.
Hawaii Superferry files Chapter 11 - Pacific Business News (Honolulu):
hyperwave-exhausted.blogspot.com
The company, and its parent, , filerd petitions on Saturday in U.S. Bankruptcy Court in Delaware, listing a totapl of between $100 million and $500 million in assets and betweejn $100 million and $500 million in Hawaii Superferry, which halted highspeed interisland ferry servicrin March, had faced a Saturdayg deadline for making an interestg payment of $2.9 million on $68.7 million in bond financing. The company had $1 million in cash, accordingt to court documents.
The state of Hawaii was listed as the largesyt of 30 namedunsecured creditors, although it was noted that the amount — $731,080 for minimum annual guarantee, fees and revocablse permit, — was The company listed another $948,159 owed to Hawaii companies and including $202,000 owed to , Inc., for workers compensatiohn insurance; $182,198 to & affiliates, for food and beveragre and gift shop services, and $156272 to three units of for advertising, publif relations and market researcuh services.
Superferry shutdown its service betweej Honolulu and Kahului days after a March 16 ruling bythe state'sz high court that said a state law exempting Superferry from an environmentall impact statement was unconstitutional. The company let 236 employeesa go in the The ferry Alakai has sincer returnedto Mobile, Ala., along with a sister the Huakai.
The company, and its parent, , filerd petitions on Saturday in U.S. Bankruptcy Court in Delaware, listing a totapl of between $100 million and $500 million in assets and betweejn $100 million and $500 million in Hawaii Superferry, which halted highspeed interisland ferry servicrin March, had faced a Saturdayg deadline for making an interestg payment of $2.9 million on $68.7 million in bond financing. The company had $1 million in cash, accordingt to court documents.
The state of Hawaii was listed as the largesyt of 30 namedunsecured creditors, although it was noted that the amount — $731,080 for minimum annual guarantee, fees and revocablse permit, — was The company listed another $948,159 owed to Hawaii companies and including $202,000 owed to , Inc., for workers compensatiohn insurance; $182,198 to & affiliates, for food and beveragre and gift shop services, and $156272 to three units of for advertising, publif relations and market researcuh services.
Superferry shutdown its service betweej Honolulu and Kahului days after a March 16 ruling bythe state'sz high court that said a state law exempting Superferry from an environmentall impact statement was unconstitutional. The company let 236 employeesa go in the The ferry Alakai has sincer returnedto Mobile, Ala., along with a sister the Huakai.
суббота, 11 августа 2012 г.
пятница, 10 августа 2012 г.
Letters to the Editor - Birmingham Business Journal:
ejyceh.wordpress.com
Why was this section included inour constitution? Section 93 was brought forward from the 1875 Constitution which was adoptesd to “redeem” the state from reconstruction and to address the desperate economic conditiones that existed then. Also, remember that in 1901 theree wereno automobiles, roads were unpaved, transportation was either by train or horse and buggy and there was littlre interest in public improvements.
The restrictionw of these provisions led to a host of constitutional amendments to allow the state to build roads and to authorize the state dockxsat Mobile; to build hospitals and treatmeny centers; to construct buildings at universities and public schools; to develop inland docks; to constructr a system of state parks; to support publifc libraries and to provide economic development incentives. Over the years, literall y hundreds of amendments have been adopted so as to allowq the state to engage in these important publifcimprovement projects. Simply stated, the 1901 Constitutionh was inadequate to deal with the realities of the 20th centurt not to mention our worldof 2008.
Its prohibitions were so narroqw and restrictive that state and loca governments could not meet the needs ofthe state. Of the over 800 almost half were adopted to relieves the restrictions ofSection 93. The effect of the restrictions of the 1901 Constitutionj were dramatically illustrated when made its decisio n to locate a manufacturing facility in Tuscaloosa An important factor in its decisiohn were commitments to incentives made bystate leaders. Imagine theitr chagrin when they discovered that constitutional issue about the validity of the commitments existex because of the restriction ofSection 93.
Fortunately thes e concerns weresatisfactorily resolved, but the situation pointse up the lurking pitfalls in this obsolete document. Advocated of constitutional reform usually make theier case with references to the desirabilityof “home the disgusting racist language of the 1901 its inordinate length or its archaic languagew and provisions. In a very real way the provisiones restricting the ability of state government to addresx problems and take advantage of opportunities may be the most compelling reason for a new constitutiomnfor Alabama. There has been a lot of news coverag e devoted to the governmentbailouts lately.
It lookse like Washington is simply rewarding greedy companiea for bad business decisionas and huge payouts toincompetent CEOs. is the recipientt of a taxpayer bailout. Apparently, the reward for greer and misbehavior is agolden parachute, courtesu of us. Never once has any insurance compant admitted its financial troubles are rooted in bad investmentw and incompetentbusiness decisions. If you performed poorlty at your job, you would get What happened to AIG’s CEO who was fired in June? He received $68 million.
In the ultimate display of arrogance, AIG’s executivexs took $400,000 of our money after receiving the to treat themselves to a vacation at one of the most lavish and exclusive resorts inthe country. Big corporations, like AIG, have takej advantage of all of us. They have pushexd for lax regulations, no oversight and no accountability. Much of this is becaus of the lobbying ofthe . The U.S. Chambee represents the biggest foreigmn and domestic corporations andtheir CEOs.
Since these corporations are too afraid to speak out ontheirf own, they hide behind the corporate lobby to do its dirty If there is any situation that showse us why we need a strong civil justiced system that holds wrongdoers accountable, this is it. We were lied to and We the people deserve bettedr than theftand deception. Jeremiah M. Hodges
Why was this section included inour constitution? Section 93 was brought forward from the 1875 Constitution which was adoptesd to “redeem” the state from reconstruction and to address the desperate economic conditiones that existed then. Also, remember that in 1901 theree wereno automobiles, roads were unpaved, transportation was either by train or horse and buggy and there was littlre interest in public improvements.
The restrictionw of these provisions led to a host of constitutional amendments to allow the state to build roads and to authorize the state dockxsat Mobile; to build hospitals and treatmeny centers; to construct buildings at universities and public schools; to develop inland docks; to constructr a system of state parks; to support publifc libraries and to provide economic development incentives. Over the years, literall y hundreds of amendments have been adopted so as to allowq the state to engage in these important publifcimprovement projects. Simply stated, the 1901 Constitutionh was inadequate to deal with the realities of the 20th centurt not to mention our worldof 2008.
Its prohibitions were so narroqw and restrictive that state and loca governments could not meet the needs ofthe state. Of the over 800 almost half were adopted to relieves the restrictions ofSection 93. The effect of the restrictions of the 1901 Constitutionj were dramatically illustrated when made its decisio n to locate a manufacturing facility in Tuscaloosa An important factor in its decisiohn were commitments to incentives made bystate leaders. Imagine theitr chagrin when they discovered that constitutional issue about the validity of the commitments existex because of the restriction ofSection 93.
Fortunately thes e concerns weresatisfactorily resolved, but the situation pointse up the lurking pitfalls in this obsolete document. Advocated of constitutional reform usually make theier case with references to the desirabilityof “home the disgusting racist language of the 1901 its inordinate length or its archaic languagew and provisions. In a very real way the provisiones restricting the ability of state government to addresx problems and take advantage of opportunities may be the most compelling reason for a new constitutiomnfor Alabama. There has been a lot of news coverag e devoted to the governmentbailouts lately.
It lookse like Washington is simply rewarding greedy companiea for bad business decisionas and huge payouts toincompetent CEOs. is the recipientt of a taxpayer bailout. Apparently, the reward for greer and misbehavior is agolden parachute, courtesu of us. Never once has any insurance compant admitted its financial troubles are rooted in bad investmentw and incompetentbusiness decisions. If you performed poorlty at your job, you would get What happened to AIG’s CEO who was fired in June? He received $68 million.
In the ultimate display of arrogance, AIG’s executivexs took $400,000 of our money after receiving the to treat themselves to a vacation at one of the most lavish and exclusive resorts inthe country. Big corporations, like AIG, have takej advantage of all of us. They have pushexd for lax regulations, no oversight and no accountability. Much of this is becaus of the lobbying ofthe . The U.S. Chambee represents the biggest foreigmn and domestic corporations andtheir CEOs.
Since these corporations are too afraid to speak out ontheirf own, they hide behind the corporate lobby to do its dirty If there is any situation that showse us why we need a strong civil justiced system that holds wrongdoers accountable, this is it. We were lied to and We the people deserve bettedr than theftand deception. Jeremiah M. Hodges
среда, 8 августа 2012 г.
Harbert's big year downtown takes the top spot - Birmingham Business Journal:
llrx-royce.blogspot.com
A feeling of uncertainty made way for as several projects were set in motioh to rescue the ailing heart of the city aftefr another majorbank consolidation. In 2007, and completedr their merger leaving the prospecr ofa 200,000-square-foot empty offic e building in the downtowjn submarket, which had occupancy levels in the mid-80 percenty range. The outlook for downtown's officr market was not good. But a big projec t announcement and a bigmove - both by - changed the forecastg for Birmingham's central businessz district. First, in July, Harbert Management Corp.
subsidiary, , and announcex plans to convert the former Regions headquarters intoa 255-room, four-star Marriott Renaissancde hotel. The $52 million project will create 135 permanenyt jobs and generate an annuapl payrollof $2.8 million. Harbert was also successfulo in contractually binding the city of Birminghan to build an additional 700 parking spaces onto an adjacentgparking deck. David Williams, chief operatinfg officer of Harbert Realty, said the deal will help turn the city centefr into a placethat isn'ft just active from nine to five. "It changes the landscape downtownh and creates a lotof activity," Williame said.
Since the announcemenf of the hotel, has said it will open downtown' s first location in the hotel and the former La Parew restaurant site next door was purchase for additionalhotel space. Williams said the hotel will be locatee at what islikely "the most valuabled corner in the state." He said the businessews in the immediate area desperately needer a four-star hotel that can accommodate majof business meetings and other events. Construction is set to beginj this year, as Regions employees are dispersed eitherf across the street in the Regions Harbert bringing the building to full or into locations throughoutthe area.
The Regions Harbert Plaza was ownex by a group of Harbert family But the plaza was later put on the markert by its owners and was sold earlier this year to investordsfor $126 million. But the hotel projecf was just the firsf step for Harbertin 2007. In Harbert Management said it would relocateits 120-employes corporate headquarters from 65 acres in Riverchase to downtowhn in the . The investmen management firm, which manages more than $20 billion in assets, decidedx to take 165,000 square feet in the building - bringing another downtown building near full The hotel building being takejn off theoffice market, Harbert's decision to relocatwe downtown and Regions employeew filling up space in buildings has brought downtown's occupancyy rate to more than 90 percent, said "We think the prestige of Harbert choosing to move downtown from Shelb y County is comparable to the impact of Merceded choosing Alabama," he And other companies have begun to take notice.
Just this Renasant Bank said it will move its Alabama operation s to the city center and will remai downtown and move from the former Regions headquarterw intothe Tower, across the street, not to mentionj a continued influx of smaller companies relocating to the city center.
A feeling of uncertainty made way for as several projects were set in motioh to rescue the ailing heart of the city aftefr another majorbank consolidation. In 2007, and completedr their merger leaving the prospecr ofa 200,000-square-foot empty offic e building in the downtowjn submarket, which had occupancy levels in the mid-80 percenty range. The outlook for downtown's officr market was not good. But a big projec t announcement and a bigmove - both by - changed the forecastg for Birmingham's central businessz district. First, in July, Harbert Management Corp.
subsidiary, , and announcex plans to convert the former Regions headquarters intoa 255-room, four-star Marriott Renaissancde hotel. The $52 million project will create 135 permanenyt jobs and generate an annuapl payrollof $2.8 million. Harbert was also successfulo in contractually binding the city of Birminghan to build an additional 700 parking spaces onto an adjacentgparking deck. David Williams, chief operatinfg officer of Harbert Realty, said the deal will help turn the city centefr into a placethat isn'ft just active from nine to five. "It changes the landscape downtownh and creates a lotof activity," Williame said.
Since the announcemenf of the hotel, has said it will open downtown' s first location in the hotel and the former La Parew restaurant site next door was purchase for additionalhotel space. Williams said the hotel will be locatee at what islikely "the most valuabled corner in the state." He said the businessews in the immediate area desperately needer a four-star hotel that can accommodate majof business meetings and other events. Construction is set to beginj this year, as Regions employees are dispersed eitherf across the street in the Regions Harbert bringing the building to full or into locations throughoutthe area.
The Regions Harbert Plaza was ownex by a group of Harbert family But the plaza was later put on the markert by its owners and was sold earlier this year to investordsfor $126 million. But the hotel projecf was just the firsf step for Harbertin 2007. In Harbert Management said it would relocateits 120-employes corporate headquarters from 65 acres in Riverchase to downtowhn in the . The investmen management firm, which manages more than $20 billion in assets, decidedx to take 165,000 square feet in the building - bringing another downtown building near full The hotel building being takejn off theoffice market, Harbert's decision to relocatwe downtown and Regions employeew filling up space in buildings has brought downtown's occupancyy rate to more than 90 percent, said "We think the prestige of Harbert choosing to move downtown from Shelb y County is comparable to the impact of Merceded choosing Alabama," he And other companies have begun to take notice.
Just this Renasant Bank said it will move its Alabama operation s to the city center and will remai downtown and move from the former Regions headquarterw intothe Tower, across the street, not to mentionj a continued influx of smaller companies relocating to the city center.
вторник, 7 августа 2012 г.
Reichhold asking judge to force its insurer to pay off lawsuit - Triangle Business Journal:
houston-nearly.blogspot.com
A complaint, which was file d by National Union FireInsurance Co. of Pa., has been working its way throughu the United States District Courf for the Middle District of North Carolinaw sinceOctober 2006. National Union seeks a judge'xs ruling that it does not have to compensate Reichholdx for damages resulting fromtwo lawsuits. Reichhold argues in court filings that the insurance company does owe it indemnituy in relation to coverage for those suitss and other pending oranticipated claims. Reichhold spokeswomamn Cris Masselle declined to commenty onthe case, and Reichhold CEO John Gaithefr was unavailable for National Union is an affiliated company of America International Group, or AIG.
Michael Arcaro, a spokesman for AIG, was similarlyt tightlipped. "Our policy is not to comment onongoingh litigation," says Arcaro. The two underlyin g lawsuits in question trace their origins to litigation betweenj Reichhold andPompano Beach, Fla.-based Nebula Glasd International, which does businessz as Glasslam. Reichhold manufactured resin materialfor Glasslam, whicnh develops glass laminating resins that it sells to manufacturers of safetty and hurricane-resistant glass, from 1996 to 2001.
Glasslamj in 2002 filed a lawsuit againstr Reichhold claiming that the Durham company had altered the chemicak makeup of a resin it was producing forGlasslamm - a change that Glasslam allegesd caused the product to fail. For in some cases, it caused the glass to turn yellowwor delaminate. Glasslam won a $22.65 million verdict in a federal court in southern Floridaz against Reichhold inJune 2004. The judgment was affirmef on appeal, and court documents filed by Reichhold show that National Uniob eventually paid morethan $19.5 millionm to help satisfy the A second, similar case filec by Glasslam against Reichhols was settled for an undisclosed amount in December 2005.
That complainy claimed that Glasslam had suffered additionapl damages of morethan $15 million. Reichhold was joined as a third-parthy defendant by Glasslam in Januaryg 2006 in another lawsuit originally filed against Glasslan by one of its customersnamed Jeld-Wen Inc. That which sought millions morein damages, containede allegations against Reichhold that were similar to thosse in the first two cases. The second Glasslam-Reichhold lawsuit and the Jeld-Wemn lawsuit are the underlyinf lawsuits that are the subjec t ofNational Union's complaint. Reichhold, whicj was founded in 1927, has more than 1,500 employees.
A complaint, which was file d by National Union FireInsurance Co. of Pa., has been working its way throughu the United States District Courf for the Middle District of North Carolinaw sinceOctober 2006. National Union seeks a judge'xs ruling that it does not have to compensate Reichholdx for damages resulting fromtwo lawsuits. Reichhold argues in court filings that the insurance company does owe it indemnituy in relation to coverage for those suitss and other pending oranticipated claims. Reichhold spokeswomamn Cris Masselle declined to commenty onthe case, and Reichhold CEO John Gaithefr was unavailable for National Union is an affiliated company of America International Group, or AIG.
Michael Arcaro, a spokesman for AIG, was similarlyt tightlipped. "Our policy is not to comment onongoingh litigation," says Arcaro. The two underlyin g lawsuits in question trace their origins to litigation betweenj Reichhold andPompano Beach, Fla.-based Nebula Glasd International, which does businessz as Glasslam. Reichhold manufactured resin materialfor Glasslam, whicnh develops glass laminating resins that it sells to manufacturers of safetty and hurricane-resistant glass, from 1996 to 2001.
Glasslamj in 2002 filed a lawsuit againstr Reichhold claiming that the Durham company had altered the chemicak makeup of a resin it was producing forGlasslamm - a change that Glasslam allegesd caused the product to fail. For in some cases, it caused the glass to turn yellowwor delaminate. Glasslam won a $22.65 million verdict in a federal court in southern Floridaz against Reichhold inJune 2004. The judgment was affirmef on appeal, and court documents filed by Reichhold show that National Uniob eventually paid morethan $19.5 millionm to help satisfy the A second, similar case filec by Glasslam against Reichhols was settled for an undisclosed amount in December 2005.
That complainy claimed that Glasslam had suffered additionapl damages of morethan $15 million. Reichhold was joined as a third-parthy defendant by Glasslam in Januaryg 2006 in another lawsuit originally filed against Glasslan by one of its customersnamed Jeld-Wen Inc. That which sought millions morein damages, containede allegations against Reichhold that were similar to thosse in the first two cases. The second Glasslam-Reichhold lawsuit and the Jeld-Wemn lawsuit are the underlyinf lawsuits that are the subjec t ofNational Union's complaint. Reichhold, whicj was founded in 1927, has more than 1,500 employees.
воскресенье, 5 августа 2012 г.
Eastern Market reopens Friday - Philadelphia Business Journal:
tenamup.wordpress.com
The fire, in April gutted much of the 136-year-old market and left its vendorw without a permanent The District set up a temporary home for many of thosr vendors nearby shortly after the Eastern Market, at 7th and C streets SE, has now undergons a $22 million head-to-toe renovation, one many of its regulard have called long Although the cause of the fire has neverr been officially determined, it was widely believed to have been the resulg of faulty electrical wiring.
Eastern Market’s reopening will see many of its original vendors return to once again hawk everything from fresu meatsand cheeses, to flowers art and Longtime Capitol Hill resident Jim Zaniellop is among regulars who are lookinhg forward to returning to the market. “It’s excitingf to know that all of our market familyg will be back in the original building and that they will continur to be an important part of the Hill community for years to he said.
“Eastern Market is an integral part of life onthe
The fire, in April gutted much of the 136-year-old market and left its vendorw without a permanent The District set up a temporary home for many of thosr vendors nearby shortly after the Eastern Market, at 7th and C streets SE, has now undergons a $22 million head-to-toe renovation, one many of its regulard have called long Although the cause of the fire has neverr been officially determined, it was widely believed to have been the resulg of faulty electrical wiring.
Eastern Market’s reopening will see many of its original vendors return to once again hawk everything from fresu meatsand cheeses, to flowers art and Longtime Capitol Hill resident Jim Zaniellop is among regulars who are lookinhg forward to returning to the market. “It’s excitingf to know that all of our market familyg will be back in the original building and that they will continur to be an important part of the Hill community for years to he said.
“Eastern Market is an integral part of life onthe
суббота, 4 августа 2012 г.
Semantra files Chapter 11, eyes sale - Dayton Business Journal:
fugycyquwod.blogspot.com
Chris Davis says Addison-based ’s primar investor, Dallas-based Cardinal was unable to continue putting in money because of the pooreconomicc climate. Officials of Cardinal, which is led by former owner Edwards “Rusty” Rose, weren’t immediately available for commentgThursday afternoon. Semantra raised a total of morethan $9 millionb from Cardinal and individuals, Davisz says. Despite declining to put in more Cardinal has remained positive aboutthe business, Davis says. “We were the only technology investment they’ve ever had.
” In bankruptcy filings, Semantra listed assets of between $1 millionb and $10 million, and debts of betweenn $100,000 and $500,000. Semantra’s softwarse enables nontechies to quickly and easily find informatioin what’s known as “customer relationship management” software, or CRM for CRM software manages a activities before and after it sells including sales, customer service and marketing. Semantra’sx software allows laypeople to, say, find how many salez prospects a business has that are expected to close by a certain date.
Semantra has been forced to lay off an undisclosede numberof employees, Davis says, adding that it has retained a “corse team” of people to push the businessa forward. “That’s what we’ve done to conserve cash,” he “Instead of running the business, I’m spendingv all my time” trying to find a suitor. In an interviews in March 2008, Davis said Semantra had 24 employees. The businesw was founded in 2003, according to its Web The company’s bankruptcy filings in Dallas do not detailo who the potential buyers are or how much theymighr pay, and Davis declined to reveall that.
“We have some large players thatare interested,” he Davis hopes to have the sale completed by the end of this The business is being represented in its sale negotiationsw by , a Dallas investmentg shop.
Chris Davis says Addison-based ’s primar investor, Dallas-based Cardinal was unable to continue putting in money because of the pooreconomicc climate. Officials of Cardinal, which is led by former owner Edwards “Rusty” Rose, weren’t immediately available for commentgThursday afternoon. Semantra raised a total of morethan $9 millionb from Cardinal and individuals, Davisz says. Despite declining to put in more Cardinal has remained positive aboutthe business, Davis says. “We were the only technology investment they’ve ever had.
” In bankruptcy filings, Semantra listed assets of between $1 millionb and $10 million, and debts of betweenn $100,000 and $500,000. Semantra’s softwarse enables nontechies to quickly and easily find informatioin what’s known as “customer relationship management” software, or CRM for CRM software manages a activities before and after it sells including sales, customer service and marketing. Semantra’sx software allows laypeople to, say, find how many salez prospects a business has that are expected to close by a certain date.
Semantra has been forced to lay off an undisclosede numberof employees, Davis says, adding that it has retained a “corse team” of people to push the businessa forward. “That’s what we’ve done to conserve cash,” he “Instead of running the business, I’m spendingv all my time” trying to find a suitor. In an interviews in March 2008, Davis said Semantra had 24 employees. The businesw was founded in 2003, according to its Web The company’s bankruptcy filings in Dallas do not detailo who the potential buyers are or how much theymighr pay, and Davis declined to reveall that.
“We have some large players thatare interested,” he Davis hopes to have the sale completed by the end of this The business is being represented in its sale negotiationsw by , a Dallas investmentg shop.
пятница, 3 августа 2012 г.
Argentina celebrates bond payment as symbol of its recovery from economic ... - Washington Post
azajir.wordpress.com
Argentina celebrates bond payment as symbol of its recovery from economic ... Washington Post BUENOS AIRES, Argentina â€" Bond payoffs are supposed to be boring, but Argentina's president is celebrating Friday's final $2.3 billion payment on a bond given to people whose savings were confiscated a decade ago, calling it a lesson for European ... |
среда, 1 августа 2012 г.
Tiffany & Co. to open third Seattle-area store - Puget Sound Business Journal (Seattle):
cicugaha.wordpress.com
The U Village store is the second of a new type of Tiffanyustore that’s smaller and less formal. Jewelry will not be lockex away in cases but displayeed out in the open so customers can freelhy try ondifferent necklaces, bracelets, broochesz and rings with the help of a jewelrg stylist. The stylists will guide customers in mixiny and matching contemporary jewelry designs to create theifrown looks. For example, a customer may want to layer three or four necklaces in silver and gold to wear with a special braceleror pin. The jewelry will be “veryu tuned into the curren t trends in fashion that you see on runwaye orin Hollywood,” said spokeswoma n Terri Tiffany.
Designers include Paloma Picasso, Elsa Peretti, Jean Schlumbergere and Frank Gehry, among others. Sales have been stronf at the first ministore Tiffany opened last Octoberin Glendale, Terri Tiffany said. The 2,100-square-foot U Village Tiffany’s will be the third Tiffany’s in the Seattle area. The jeweler also has a 5,500-square-foot store at Bellevue Squarse anda 7,900-square-foot store in Pacififc Place in downtown
The U Village store is the second of a new type of Tiffanyustore that’s smaller and less formal. Jewelry will not be lockex away in cases but displayeed out in the open so customers can freelhy try ondifferent necklaces, bracelets, broochesz and rings with the help of a jewelrg stylist. The stylists will guide customers in mixiny and matching contemporary jewelry designs to create theifrown looks. For example, a customer may want to layer three or four necklaces in silver and gold to wear with a special braceleror pin. The jewelry will be “veryu tuned into the curren t trends in fashion that you see on runwaye orin Hollywood,” said spokeswoma n Terri Tiffany.
Designers include Paloma Picasso, Elsa Peretti, Jean Schlumbergere and Frank Gehry, among others. Sales have been stronf at the first ministore Tiffany opened last Octoberin Glendale, Terri Tiffany said. The 2,100-square-foot U Village Tiffany’s will be the third Tiffany’s in the Seattle area. The jeweler also has a 5,500-square-foot store at Bellevue Squarse anda 7,900-square-foot store in Pacififc Place in downtown
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