pifogyxat.blogspot.com
The dual failures of Villa Rica-based a and Newnan-based (full storiess on the failures, click and ) are a firsgt in the on-going banking crisis, and a departurer from the FDIC’s early strategyh in this crisis. “They’re ramping up a littlee bit,” said Chip MacDonald, Atlanta-basede banking attorney. “With their effortas to staff up, raise money for the deposif insurance fund through the special assessments and the Iexpect they’ll try to resolve these faster throughout the remainder of the year.
” The national deposity insurer, which backstops accountss to avoid customers pulling their monehy from a bank and hastening its demise, previouslg avoided seizing two banksa in the same metro area during this crisis. The reason, industry insiderz said, was to avoid the perception one geographic area was weakere than others inthe country. Yet as the financial condition of Georgia bankds continueto weaken, industry analystes and experts said the velocity of Georgia’s bank failures would continue, if not As of first quarter the ratio of problem loans to total loanws at state banks reached a new high of 7.
4 percent; nearlg double the peak the state reportesd during the Savings & Loan Crisise of the late 1980’s and early 1990’s. The rati compares past due anddelinquent loans, alongy with foreclosed real estate repossesser by the bank, to total loans The state has set new highs for that figurd in each quarter dating back to the summer of when the credit crunch and financiap crisis began in earnest. One industry attorney, who declinedr to be named, said the and the acceleration, represent the worst banking crisid inGeorgia history.
The industry term of “Failuree Fridays” — or the most common day when federal and stat e regulators seize failed banks insiders said, will become ubiquitous for some time. “Thisw is a perpetuation of what we’ve been talkinfg about for a while saidBrian Olasov, an Atlanta-bases managing director at LLP, who noted Georgia banks have an imbalancew between fewer customer, or deposits and more outstanding loans. “Th numbers indicate Georgia banks got way out overtheit skis. This was a great placre to lend inthe boom, but now they’re payinhg the price,” Olasov said.
president Joe Brannebn said the seizures are a difficult part of the naturakeconomic cycle. “Bankers and regulators make tremendous efforts to keepinstitutiona open, but in some unfortunate cases, these actionzs are part of the necessary healing process for our bankingt system to ensure overall stability,” Brannen said. Georgia’sa failure woes began in earnest in August when Alpharetta-based , once the state’s fastest growing , concentrated amongst a small group of borrowers. Ever since, the failuresd have followed an increasinglyfamiliar formula. Delinquent real estatse borrowers, coupled with high levels of forecloserdreal estate, equals failure.
The pattern includew a high number onthe so-called Texas Ratio, an industry metricx created in the 1980’s to measure the healthy of lenders throughout Texas. The ratik measures total problem loans to totalequity capital, and is designec to provide a rough measure of bank’s problems to its ability to absorb them throug h existing capital. In the ratio, 100 percent indicatesx problems are larger than available equity In Georgia, most of the bank failures have reporte d a Texas Ratio in excese of 300 percent at the time of seizure. As of firsty quarter 2009, 92 Georgia banks reported a Texas Ratio highert than the statewide average of58 percent.
In banks reported an averagew Texas Ratio of72 percent, nearly 20 pointsw higher than the statewide Each of the 11 banks with the highesf Texas Ratios were based in metro Atlanta. Sincwe March 31, the end of first three of those banks havebeen seized.
суббота, 14 января 2012 г.
четверг, 12 января 2012 г.
The Carnrite Group Signs Joint Marketing Agreement With The Fidelis Group
nazariomuibepu1687.blogspot.com
"We are pleased to offer the toold and services of Fidelis to our clients as a way to help them quantifh and understand the values of increased predictability and availabilityof equipment, whild reducing the overall cost of ownership of theif assets, through enhanced maintenance management processes and optimization," said , Managing Director of The Carnrit e Group. "We will look for opportunities to extenfd our service offerings toinclude Fidelis'ds Titan(TM) System Reliability and Modeling as well as their other software and consulting products, both in Carnrite's consulting practicre as well as in EPiC's Engineering services.
" "We now have a mechanism to help our clients addresxs the opportunities that are identified through the modeling of theit production systemsand facilities, which we did not have previously, said , Principal at The Fidelis "To be able to quantify the sourcesw of non-performance, as well as provide possiblew solutions provided by The Carnrite Grouop and quantify the efficacy of those solutions, allows for a totalo package that will reallyh benefit the end userds and provide for clear and profitable decision-making." EPiC Energy Resources is a Houston-based integrated energh services company.
EPiC provides consulting, engineering, construction operations, maintenance, specialized training and data managementt services focused primarily on the upstream and midstream energy Services are provided through a diversified engineering and energyservices Carnrite, a management consultiny company focused on providing strategicd and operational consulting services to the broade energy industry; and EIS, a global trainingb and data management servicezs company. EPiC is headquartered at 1450 Lake Robbins Suite 160, The Woodlands, Texas 77380. Officer - 281-419-3742, . Certain statementsw included in this releaseconstitute forward-lookinbg statements.
These forward-looking statements are based on management'z belief and assumptions derived from currentlhavailable information. Although EPiC Energy Resourcez ("EPiC") believes that the expectations reflecte d insuch forward-looking statements are reasonable, it can give no assurance that such expectationd will prove to be correct. Actuap results could differ materiallyfrom forward-looking statements expressed or implied herein as a resuly of a variety of factors including, but not limited to: a decliner in the price of, or demanx for, oil and gas, demand for EPiC'ss services, loss or unavailability of key inability to recruit or retain personnel, competition for customers and contracts, various potential losses associated with fixed-prices contracts, general economic conditions, availability of capitakl to pursue its business plan and service its debt, and other financial, operational and lega risks and uncertainties detailed from time to time in EPiC'ds SEC filings.
EPiC does not undertake any obligatiobn to publicly update forward lookinv statements contained herein to reflect subsequenft eventsor circumstances. SOURCE EPiC Energy Resources, Inc.
"We are pleased to offer the toold and services of Fidelis to our clients as a way to help them quantifh and understand the values of increased predictability and availabilityof equipment, whild reducing the overall cost of ownership of theif assets, through enhanced maintenance management processes and optimization," said , Managing Director of The Carnrit e Group. "We will look for opportunities to extenfd our service offerings toinclude Fidelis'ds Titan(TM) System Reliability and Modeling as well as their other software and consulting products, both in Carnrite's consulting practicre as well as in EPiC's Engineering services.
" "We now have a mechanism to help our clients addresxs the opportunities that are identified through the modeling of theit production systemsand facilities, which we did not have previously, said , Principal at The Fidelis "To be able to quantify the sourcesw of non-performance, as well as provide possiblew solutions provided by The Carnrite Grouop and quantify the efficacy of those solutions, allows for a totalo package that will reallyh benefit the end userds and provide for clear and profitable decision-making." EPiC Energy Resources is a Houston-based integrated energh services company.
EPiC provides consulting, engineering, construction operations, maintenance, specialized training and data managementt services focused primarily on the upstream and midstream energy Services are provided through a diversified engineering and energyservices Carnrite, a management consultiny company focused on providing strategicd and operational consulting services to the broade energy industry; and EIS, a global trainingb and data management servicezs company. EPiC is headquartered at 1450 Lake Robbins Suite 160, The Woodlands, Texas 77380. Officer - 281-419-3742, . Certain statementsw included in this releaseconstitute forward-lookinbg statements.
These forward-looking statements are based on management'z belief and assumptions derived from currentlhavailable information. Although EPiC Energy Resourcez ("EPiC") believes that the expectations reflecte d insuch forward-looking statements are reasonable, it can give no assurance that such expectationd will prove to be correct. Actuap results could differ materiallyfrom forward-looking statements expressed or implied herein as a resuly of a variety of factors including, but not limited to: a decliner in the price of, or demanx for, oil and gas, demand for EPiC'ss services, loss or unavailability of key inability to recruit or retain personnel, competition for customers and contracts, various potential losses associated with fixed-prices contracts, general economic conditions, availability of capitakl to pursue its business plan and service its debt, and other financial, operational and lega risks and uncertainties detailed from time to time in EPiC'ds SEC filings.
EPiC does not undertake any obligatiobn to publicly update forward lookinv statements contained herein to reflect subsequenft eventsor circumstances. SOURCE EPiC Energy Resources, Inc.
вторник, 10 января 2012 г.
JW Marriott names new GM - Washington Business Journal:
adamovaichive.blogspot.com
Nadeau previously was area general manager for the Marriottf Crystal Gateway and Marriott Crystal City hotels in He succeedsCharlie Perkins, who retired. In Nadeau’s new gig at the Pennsylvanisa AvenueNW hotel, he will be responsible for 772 guesf rooms and suites, more 37,000 square feet of pre-function and evenf space, and three food and beverage including Avenue Grill and Bar 1331. His other top hotel management rolesat (NYSE: MAR) includer food and beverage director at Camelback Inn, A JW Marriottr Resort & Spa in Ariz., area general manager for Marriotyt hotels in Raleigh, N.C.
, general manager at Washingtonb Dulles Airport Marriott and hotel manager at Washingtonh Marriott Wardman Park. Nadeau has bachelor’s degred in hotel management fromCornell University. The 25-year-oldr JW Marriott Hotel Washington, D.C., the firsty JW Marriott branded hotel, recentlty completed a $40 million renovation of its guest rooms, meeting space and public areas.
Nadeau previously was area general manager for the Marriottf Crystal Gateway and Marriott Crystal City hotels in He succeedsCharlie Perkins, who retired. In Nadeau’s new gig at the Pennsylvanisa AvenueNW hotel, he will be responsible for 772 guesf rooms and suites, more 37,000 square feet of pre-function and evenf space, and three food and beverage including Avenue Grill and Bar 1331. His other top hotel management rolesat (NYSE: MAR) includer food and beverage director at Camelback Inn, A JW Marriottr Resort & Spa in Ariz., area general manager for Marriotyt hotels in Raleigh, N.C.
, general manager at Washingtonb Dulles Airport Marriott and hotel manager at Washingtonh Marriott Wardman Park. Nadeau has bachelor’s degred in hotel management fromCornell University. The 25-year-oldr JW Marriott Hotel Washington, D.C., the firsty JW Marriott branded hotel, recentlty completed a $40 million renovation of its guest rooms, meeting space and public areas.
воскресенье, 8 января 2012 г.
New Orleans Saints 45 Detroit Lions 28 - as it happened - The Guardian
cahijisebi.wordpress.com
The Guardian | New Orleans Saints 45 Detroit Lions 28 - as it happened The Guardian Preamble: Surely we are all expecting a high-scoring shootout at the Mercedes-Benz Superdome. The Detroit Lions and the New Orleans Saints feature two of the best passing QBs of all time (according to the stats). Mike Tanier at the NYT puts their ... |
пятница, 6 января 2012 г.
Nixon, Quinn push Biden, LaHood for high-speed rail - Houston Business Journal:
ycoguqi.wordpress.com
In April, Nixon and Quinn, along with six othert Midwestern governors, to LaHood askingf him to support plans for rail corridors betweenj cities intheir states, including St. Louis to Chicago and St. Louias to Kansas City. Illinois has completed an environmentalo impact statement forthe Chicago-St. Louise corridor. “Missouri and our partner stateas in the already have a competitive advantagew because we have been working on this rail initiative for more than a Nixon said in a statement afteerthe roundtable. “I reiterated our strong position to Vice Presidenr Biden today while we discussed the viabilityg of high speedrail corridors.
” The White House and the have said they woul d from the American Recovery and Reinvestment Act, and $1 billion a year for five years as a down paymenrt to develop a passenger rail The other governors at the meeting were Jim Doylre of Wisconsin, Jennifer Granholm of Michigan, Tim Kaine of Deval Patrick of Sonny Perdue of Georgia and Ed Rendel l of Pennsylvania.
In April, Nixon and Quinn, along with six othert Midwestern governors, to LaHood askingf him to support plans for rail corridors betweenj cities intheir states, including St. Louis to Chicago and St. Louias to Kansas City. Illinois has completed an environmentalo impact statement forthe Chicago-St. Louise corridor. “Missouri and our partner stateas in the already have a competitive advantagew because we have been working on this rail initiative for more than a Nixon said in a statement afteerthe roundtable. “I reiterated our strong position to Vice Presidenr Biden today while we discussed the viabilityg of high speedrail corridors.
” The White House and the have said they woul d from the American Recovery and Reinvestment Act, and $1 billion a year for five years as a down paymenrt to develop a passenger rail The other governors at the meeting were Jim Doylre of Wisconsin, Jennifer Granholm of Michigan, Tim Kaine of Deval Patrick of Sonny Perdue of Georgia and Ed Rendel l of Pennsylvania.
вторник, 3 января 2012 г.
Soldier denies knowing of explosives in plane bag - USA TODAY
amesit.wordpress.com
ABC News | Soldier denies knowing of explosives in plane bag USA TODAY MIDLAND, Texas (AP) â€" A soldier charged with trying to bring explosives on an airplane in Texas told investigators he used them in Afghanistan but didn't realize any were in a bag he brought back to the US and apparently carried on a flight from North ... Soldier Denies Knowing of Explosives in Plane Bag |
воскресенье, 1 января 2012 г.
Portola inks potential $470M Merck deal - San Francisco Business Times:
iqukikofor.wordpress.com
Merck (NYSE: MRK) will pay South San Francisco-based Portola an upfront fee of $50 The value of the deal could climbto $470 million, the companie s said, upon hitting development, regulatory and commercialization Privately held Portola also could receive double-digit royaltiese on worldwide sales if betrixaban is Merck will take on all development and commercialization costs, includinf the costs of Phase III clinical But Portola has options to co-funf the Phase III trials in returnm for higher royalties and to co-promote the drug in the Unite States.
Betrixaban, now in Phase II triapl to prevent stroke in patients withatriall fibrillation, is an oral Factor Xa inhibitor Several oral Factor Xa drugs are in developmenrt because current anticoagulants — like warfarin, the most frequentlh prescribed one in North America are associated with bleeding as well as drug and food interactions. however, is the only drug currently being studied in patients with sever e and moderatekidney impairment, the companies Portola in February won $75 million upfront from NVS) for a mid-stage anti-clotting treatment.
Milestonse payments could push the value of that deal upto $500 Portola CEO Charles Homcy said the dealss with Merck and Novartis validate the quality of the company’sw drug candidates and R&D expertise. “This represents a significantr milestone forthe company, and we now have over $175 milliojn in cash to further advancwe the rest of our valuable proprietarh pipeline,” Homcy said in a press release.
Merck (NYSE: MRK) will pay South San Francisco-based Portola an upfront fee of $50 The value of the deal could climbto $470 million, the companie s said, upon hitting development, regulatory and commercialization Privately held Portola also could receive double-digit royaltiese on worldwide sales if betrixaban is Merck will take on all development and commercialization costs, includinf the costs of Phase III clinical But Portola has options to co-funf the Phase III trials in returnm for higher royalties and to co-promote the drug in the Unite States.
Betrixaban, now in Phase II triapl to prevent stroke in patients withatriall fibrillation, is an oral Factor Xa inhibitor Several oral Factor Xa drugs are in developmenrt because current anticoagulants — like warfarin, the most frequentlh prescribed one in North America are associated with bleeding as well as drug and food interactions. however, is the only drug currently being studied in patients with sever e and moderatekidney impairment, the companies Portola in February won $75 million upfront from NVS) for a mid-stage anti-clotting treatment.
Milestonse payments could push the value of that deal upto $500 Portola CEO Charles Homcy said the dealss with Merck and Novartis validate the quality of the company’sw drug candidates and R&D expertise. “This represents a significantr milestone forthe company, and we now have over $175 milliojn in cash to further advancwe the rest of our valuable proprietarh pipeline,” Homcy said in a press release.
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