hustbelogehy1857.blogspot.com
Nearly 50,000 homes in the Lone Star Stat e were foreclosed on duringthe six-month period from Januar through June -- a 14 percent decline compared with than the same perior in 2008. RealtyTrac defines foreclosure filings asdefaulr notices, auction sale notices and bank repossessions. A total of 1,905,72e3 foreclosure filings were reportedon 1,528,364 U.S. properties in the firsr six months of2009 -- a nearly 15 perceny increase from the first six months of 2008. The reportg also shows 1.19 percent of all U.S. housing unitds (one in 84) received at least one foreclosure filing in the firsrt half ofthe year.
“In spite of the industry-wide moratoriujm earlier this year, along with local, state and nationall legislative action and increased levelsw of loanmodification activity, foreclosure activityu continues to increase to record said James J. Saccacio, CEO of "Unemployment-related foreclosures account for much of thisincreased activity, and the high numberr of borrowers who find themselves owing more on theitr mortgages than their homes' are now worth representr a potentially significant future Stemming the tide of foreclosuresz is a critical component to stabilizing the housing market, so it is imperativer that the lending industry and the government work in tandem to find new approache to address this issue.
" Nevada ranker highest with a foreclosure rate of 6.23 followed by Arizona (3.37 percent), Florida (3.07 California (2.94 percent), Utah (1.46 percent), Georgia (1.42 percent), Michigan (1.34 percent), Illinois (1.31q percent), Idaho (1.26 percent) and Colorado (1.25 To see the full state-by-state breakdown, click .
Friday, August 31, 2012
Thursday, August 30, 2012
Urban housing firms grab $150M in grants - San Francisco Business Times:
plesciamipukoa1855.blogspot.com
After a 12-hour marathon meeting June 20th Sacramento that drew hopefupl housing builders fromacross California, the state’s Local Assistance Loan and Grantg Committee handed out money set aside for urban infilkl housing development under Proposition 1C, a $2.8 billiohn bond measure California voters approved in 2006. The monehy allocated on Monday represents the last round of Prop 1C grantx and includes money for infill infrastructure as well as transitf orientedhousing construction. The state was scheduleds to announce the officiall grantwinners today.
In total San Francisco developerds won seven state grantsworth $96 million, according to Craivg Adelman, deputy director of the Mayor’s Office of In contrast, during the last roun d San Francisco developers won just one grany for $5 million. Adelman credited Kyri McClellan ofthe mayor’s economic development for coordinating the city applications. “It was huge,” said “We hit this very hard and very early in termxs of coordinating across city agenciews and with ourdevelopment partners.” The biggest Bay Area recipient was the John Stewaryt Co.
, which received the maximunm $30 million to help bankroll the ambitious 750-unit mixed-incomer housing development called Hunters View, a projecg that includes the rebuilding of a 267-unitg dilapidated public housing complex. The money will pay for everythingy from grading to utilities to a newstreey grid. Work will start early next year onthe $300 millio n development, which will be builf in phases. “It’s the whole underpinningt for redevelopment,” said Jack Gardner, presidenf of the John Stewart Co. “Thies was the key piece of monehy we wererelying on.
We needed it to happen and it The Hunters View grant was the first statse grant forSan Francisco’s Hope SF program, the city’ effort to rebuild rundown publidc housing developments by joining with market-rate developers and increasing density. “It was a big day for San for Hope SF, and for the Hunteras View residents in A lot ofthe city’sa housing pipeline is goingg to get catalytic funding.
” , which is raising money to build 308 units of rental housing in Rinconj Hill, received $11 million, much of which will go towardf a park the developer agreed to The developer did not receive another $11 million transit-orientec development Prop 1C grant it had applied for, but Emerald Fund Presidenyt Oz Erickson said he is hopeful that money will come througg after a 90 day evaluation period. Erickson said that they have a stronh case for the public benefits 333 Harrisonbwill provide. “Remember this is a projec that includes 62 units of deeply affordablr housing for which our out of pocket costsare $21 million.
And we are providing a park our costs for the parkare $9 million.” Emeralde could also receive federal stimulus money for 333 The project was one of just a handfulp of private-sector stimulus requestds recommended by Bay Area official to state authoritieas who will distribute much of California’sa share. One San Francisco developer that was not selected for a 1C gran t isAvant Housing, a joint venture betwee n and . Avant Housing officials had hopedf toreceive $5.7 millio for a 194-unit complex at 1880 Mission St.
“Itg was one piece of financinb that would have made the puzzl less difficult toput together, but there are a lot of piece s of this puzzle,” said Eric Tao, a executive vice president with AGI.
After a 12-hour marathon meeting June 20th Sacramento that drew hopefupl housing builders fromacross California, the state’s Local Assistance Loan and Grantg Committee handed out money set aside for urban infilkl housing development under Proposition 1C, a $2.8 billiohn bond measure California voters approved in 2006. The monehy allocated on Monday represents the last round of Prop 1C grantx and includes money for infill infrastructure as well as transitf orientedhousing construction. The state was scheduleds to announce the officiall grantwinners today.
In total San Francisco developerds won seven state grantsworth $96 million, according to Craivg Adelman, deputy director of the Mayor’s Office of In contrast, during the last roun d San Francisco developers won just one grany for $5 million. Adelman credited Kyri McClellan ofthe mayor’s economic development for coordinating the city applications. “It was huge,” said “We hit this very hard and very early in termxs of coordinating across city agenciews and with ourdevelopment partners.” The biggest Bay Area recipient was the John Stewaryt Co.
, which received the maximunm $30 million to help bankroll the ambitious 750-unit mixed-incomer housing development called Hunters View, a projecg that includes the rebuilding of a 267-unitg dilapidated public housing complex. The money will pay for everythingy from grading to utilities to a newstreey grid. Work will start early next year onthe $300 millio n development, which will be builf in phases. “It’s the whole underpinningt for redevelopment,” said Jack Gardner, presidenf of the John Stewart Co. “Thies was the key piece of monehy we wererelying on.
We needed it to happen and it The Hunters View grant was the first statse grant forSan Francisco’s Hope SF program, the city’ effort to rebuild rundown publidc housing developments by joining with market-rate developers and increasing density. “It was a big day for San for Hope SF, and for the Hunteras View residents in A lot ofthe city’sa housing pipeline is goingg to get catalytic funding.
” , which is raising money to build 308 units of rental housing in Rinconj Hill, received $11 million, much of which will go towardf a park the developer agreed to The developer did not receive another $11 million transit-orientec development Prop 1C grant it had applied for, but Emerald Fund Presidenyt Oz Erickson said he is hopeful that money will come througg after a 90 day evaluation period. Erickson said that they have a stronh case for the public benefits 333 Harrisonbwill provide. “Remember this is a projec that includes 62 units of deeply affordablr housing for which our out of pocket costsare $21 million.
And we are providing a park our costs for the parkare $9 million.” Emeralde could also receive federal stimulus money for 333 The project was one of just a handfulp of private-sector stimulus requestds recommended by Bay Area official to state authoritieas who will distribute much of California’sa share. One San Francisco developer that was not selected for a 1C gran t isAvant Housing, a joint venture betwee n and . Avant Housing officials had hopedf toreceive $5.7 millio for a 194-unit complex at 1880 Mission St.
“Itg was one piece of financinb that would have made the puzzl less difficult toput together, but there are a lot of piece s of this puzzle,” said Eric Tao, a executive vice president with AGI.
Tuesday, August 28, 2012
CBU wants mixed-use concept at Fairgrounds - Memphis Business Journal:
ejoxot.wordpress.com
"We have collectively decided that we are goingh to invest heavily to make revisions to upgrade our existing Liberty BowlMemoriak Stadium," Herenton told members during his "We want to create a gateway into this remodeleds stadium that you can be proud of." But whil e the University of Memphis may make use of the propertyg on Saturdays during football season, no other institutiom may be more connected to the property's future than .
Located directl y across the street fromthe Fairgrounds, CBU and its leadera have listened and participated in planning for the even hosting a campus forum on the And while CBU officials have no plans for using the Libertyg Bowl for athletic events, they do have high hopesx that redevelopment of the area would benefit their "We specifically would like to have amenities that would be of interest and benefit to our faculty and staff who live and work in this neighborhood," says Bro. Vincent Malham, CBU president. "CBU would like to have a mixed-use developmentf such as the Cooper-Young area.
This mixed-usew development would include retail, residential, and an abundanc of open green areas." Along with open areas, Malhajm says the university would also like to see day exercise facilities and a Memphis PoliceDepartmenrt substation, much like the station located on the U of M's campus. City leaders are considering two proposalse for redevelopment ofthe area, one of which was submitted by local developer Henry Turley and his team of developers say their plan for the Fairgroundx includes recreational and educational uses as well as retaio and commercial developments.
But whether Turley'a plan will get the nod has not yet been as city leaders are set to choose between the local group andan out-of-town group led by Chicago-based financial services firm Drapedr and Kramer by April 18.The Draper and Kramerr plan called for the company to work closelyh with Memphis leaders to develop the but did not list any specific ideas for the propertt citing that it was premature to speculate. The develope r chosen should use the resource that is CBU as afocap point, says John Gnuschke, director of the at the U of M. "Educationalk institutions encourage the growth and stabilityof neighborhoods, much like anchort stores do for shopping he says.
"The short-run impact of educationak institutions on economic development is alwaysa positive because new schools attract residents to an area or help stabilize existing neighborhoods. "New economic activity is generatede because of the population growththat follows, the qualithy of life improvements that are generated and becaused of the expansion of the area's economiv base," Gnuschke says. And just like any good business that developers look tobuild around, CBU is In the last five CBU has invested millions in renovations and in expansion projects, Malham says.
In April 2007, CBU began renovatingt the Sabbatini Lounge in theStudent Center, De LaSallew Hall and the University Renovations to the university's residence halls have also been recentluy completed. In May 2007, the university broke ground on thenew Cooper-Wilsomn Center for Life Sciences. The $14.2 million, three-story building will providse approximately 32,500 square feet for students. "The additionapl space will providemore lab, classroom and student Malham says. Further expansion plans at CBU includre a new residence hall designed specifically for incomint freshmen and a new campus life centeer to serve the entirdstudent population, Malham says.
Those improvements and expansions should bring even more studentse and facultyto CBU's campus, a fact that Dale dean of CBU's school of says developers should take into account when redeveloping the
"We have collectively decided that we are goingh to invest heavily to make revisions to upgrade our existing Liberty BowlMemoriak Stadium," Herenton told members during his "We want to create a gateway into this remodeleds stadium that you can be proud of." But whil e the University of Memphis may make use of the propertyg on Saturdays during football season, no other institutiom may be more connected to the property's future than .
Located directl y across the street fromthe Fairgrounds, CBU and its leadera have listened and participated in planning for the even hosting a campus forum on the And while CBU officials have no plans for using the Libertyg Bowl for athletic events, they do have high hopesx that redevelopment of the area would benefit their "We specifically would like to have amenities that would be of interest and benefit to our faculty and staff who live and work in this neighborhood," says Bro. Vincent Malham, CBU president. "CBU would like to have a mixed-use developmentf such as the Cooper-Young area.
This mixed-usew development would include retail, residential, and an abundanc of open green areas." Along with open areas, Malhajm says the university would also like to see day exercise facilities and a Memphis PoliceDepartmenrt substation, much like the station located on the U of M's campus. City leaders are considering two proposalse for redevelopment ofthe area, one of which was submitted by local developer Henry Turley and his team of developers say their plan for the Fairgroundx includes recreational and educational uses as well as retaio and commercial developments.
But whether Turley'a plan will get the nod has not yet been as city leaders are set to choose between the local group andan out-of-town group led by Chicago-based financial services firm Drapedr and Kramer by April 18.The Draper and Kramerr plan called for the company to work closelyh with Memphis leaders to develop the but did not list any specific ideas for the propertt citing that it was premature to speculate. The develope r chosen should use the resource that is CBU as afocap point, says John Gnuschke, director of the at the U of M. "Educationalk institutions encourage the growth and stabilityof neighborhoods, much like anchort stores do for shopping he says.
"The short-run impact of educationak institutions on economic development is alwaysa positive because new schools attract residents to an area or help stabilize existing neighborhoods. "New economic activity is generatede because of the population growththat follows, the qualithy of life improvements that are generated and becaused of the expansion of the area's economiv base," Gnuschke says. And just like any good business that developers look tobuild around, CBU is In the last five CBU has invested millions in renovations and in expansion projects, Malham says.
In April 2007, CBU began renovatingt the Sabbatini Lounge in theStudent Center, De LaSallew Hall and the University Renovations to the university's residence halls have also been recentluy completed. In May 2007, the university broke ground on thenew Cooper-Wilsomn Center for Life Sciences. The $14.2 million, three-story building will providse approximately 32,500 square feet for students. "The additionapl space will providemore lab, classroom and student Malham says. Further expansion plans at CBU includre a new residence hall designed specifically for incomint freshmen and a new campus life centeer to serve the entirdstudent population, Malham says.
Those improvements and expansions should bring even more studentse and facultyto CBU's campus, a fact that Dale dean of CBU's school of says developers should take into account when redeveloping the
Monday, August 27, 2012
Opposition parties slam PM's statement on CAG report - New York Daily News
vuwodu.wordpress.com
IBNLive.com | Opposition parties slam PM's statement on CAG report New York Daily News New Delhi, Aug 27 â€" Prime Minister Manmohan Singh's statement in parliament on coal block » |
Saturday, August 25, 2012
Cherokee Banking under consent order - Atlanta Business Chronicle:
youngmanmeledero1636.blogspot.com
Canton, Ga.-based Cherokee Bankinh (OTC BB: CHKJ) said it must achieve a minimumTotao Risk-Based capital ratio of 12 percenyt and Tier 1 capital ratio of at least 8 The company already enacted a three-year strategicc plan aimed at achieving these levels. "In respons e to the collapse of the housinhg and real estate we proactively initiated our own strategic plan in June 2008 aime at ensuring that we remaij a safe andsound institution," said Dennis Burnette, president and CEO, in a "The actions in our plan are alignedc with the requirements in the consent primarily, increasing our capital ratio over and abovd our level at March 31, which was categorized as 'well-capitalized', as well as maintainingy an adequate level of liquidity and reducing our problem The agreement has no impact on deposit and retirement the bank noted.
Canton, Ga.-based Cherokee Bankinh (OTC BB: CHKJ) said it must achieve a minimumTotao Risk-Based capital ratio of 12 percenyt and Tier 1 capital ratio of at least 8 The company already enacted a three-year strategicc plan aimed at achieving these levels. "In respons e to the collapse of the housinhg and real estate we proactively initiated our own strategic plan in June 2008 aime at ensuring that we remaij a safe andsound institution," said Dennis Burnette, president and CEO, in a "The actions in our plan are alignedc with the requirements in the consent primarily, increasing our capital ratio over and abovd our level at March 31, which was categorized as 'well-capitalized', as well as maintainingy an adequate level of liquidity and reducing our problem The agreement has no impact on deposit and retirement the bank noted.
Friday, August 24, 2012
Will gas prices pump up holiday travel? - Austin Business Journal:
ibitasony.wordpress.com
In Texas, motorists will be paying on average $1.45 per gallon less for thei gasoline during the Memorial Day holiday than they did the same time last AAATexas said. At the state the average price for gasolineeis $2.26 per gallon, up from $2.1u the previous week but down from $3.71 per gallomn during the same period a year ago. In Austin, driverws are likely to pay around $2.278 per gallon this weekend, whicuh is up from $2.18 a week ago, and down from $3.6i per gallon a year ago duringb the MemorialDay holiday, according to AAA Texasz data. The lower price of gasoline is one of the main reasonz why AAApredicts nationally, Memorial Day travelo will be up 1.
5 percent this year compared to last Texans are estimated to account for about 7 percen t of the total traveling population. Holiday travekl in the West SouthCentrao States, including Texas, will be up about 6 percent, substantiall higher than the rest of the nation, AAA
In Texas, motorists will be paying on average $1.45 per gallon less for thei gasoline during the Memorial Day holiday than they did the same time last AAATexas said. At the state the average price for gasolineeis $2.26 per gallon, up from $2.1u the previous week but down from $3.71 per gallomn during the same period a year ago. In Austin, driverws are likely to pay around $2.278 per gallon this weekend, whicuh is up from $2.18 a week ago, and down from $3.6i per gallon a year ago duringb the MemorialDay holiday, according to AAA Texasz data. The lower price of gasoline is one of the main reasonz why AAApredicts nationally, Memorial Day travelo will be up 1.
5 percent this year compared to last Texans are estimated to account for about 7 percen t of the total traveling population. Holiday travekl in the West SouthCentrao States, including Texas, will be up about 6 percent, substantiall higher than the rest of the nation, AAA
Thursday, August 23, 2012
Unemployment benefits extended 13 weeks - The Business Review (Albany):
tarpleypymibujuh1491.blogspot.com
Legislative leaders sped the bill through the statew Senateand Assembly, because 56,000 New Yorkers were scheduledx to go off unemploymen at the end of this Now, unemployment benefits for those people, and 64,000p others, will continue uninterrupted. Paterson said the extended benefits will not increase the unemployment insurancre tax assessedon employers. The legislationh enables the state touse $645 million of federal stimulus money to pay for the extendedf benefits. “Unemployment benefits are automatic stimulus, along with food People who are out of work still need tospenr money,” Paterson said at a press The statewide unemployment rate was 8.
1 percentg in March, not adjusted for seasonal variances. That is 3.1 percent higher than the same time ayear ago. The state’z unemployment fund went broke at the starty ofthis year, and the state expectx to borrow $1.4 billion this year to pay out unemploymengt benefits. At least 430,000 people are receivingt unemployment benefits from the stateright now. The extraz benefits will cost the state and itscountiesx $28 million in administrative and othere costs, Paterson said. That will be paid for usin revenue from an increase in personak incometaxes that’s included in the statee budget. New York unemployment benefits last for 26 The maximum weekly benefitis $405.
The state called on statw leaders to raise the maximum benefit and inde x itto inflation, so that it would increase every Several bills have been introduced in the Legislature to do just and pay for the increasea by raising taxes on employers. Gov. Paterson and the state Legislaturw have yet to buildon [President Obama’s] initiativr by enacting necessary reforms at the statw level. This includes increasing the state’ s embarrassingly low maximum benefit, indexing that benefit and restoring our chronicallyt underfunded unemployment trust fundto solvency,” said union presidentg Denis Hughes.
Paterson and other state leader could not say what will happe at the end ofthe 13-week period. “Like with everythingy else, there’s a point that we’rs not able to help anymore. We’ll work righ t up until when that day comes to try to get New Yorkersa back to work and sustain themwhen they’re out of Paterson said. The law clarifies the state’s unemploymentt law to make sure it complies with federaplstimulus provisions.
The law now says that peoplse can receive unemployment benefits if they leavw workbecause of: Supporters said those reasons had been affirmeds before in court “This is real money in the pockets of real peoples living across the said Assemblywoman Susan John (D-Rochester), chairwoman of the Assemblyh labor committee. asichko@bizjournals.com | 518-640-68187
Legislative leaders sped the bill through the statew Senateand Assembly, because 56,000 New Yorkers were scheduledx to go off unemploymen at the end of this Now, unemployment benefits for those people, and 64,000p others, will continue uninterrupted. Paterson said the extended benefits will not increase the unemployment insurancre tax assessedon employers. The legislationh enables the state touse $645 million of federal stimulus money to pay for the extendedf benefits. “Unemployment benefits are automatic stimulus, along with food People who are out of work still need tospenr money,” Paterson said at a press The statewide unemployment rate was 8.
1 percentg in March, not adjusted for seasonal variances. That is 3.1 percent higher than the same time ayear ago. The state’z unemployment fund went broke at the starty ofthis year, and the state expectx to borrow $1.4 billion this year to pay out unemploymengt benefits. At least 430,000 people are receivingt unemployment benefits from the stateright now. The extraz benefits will cost the state and itscountiesx $28 million in administrative and othere costs, Paterson said. That will be paid for usin revenue from an increase in personak incometaxes that’s included in the statee budget. New York unemployment benefits last for 26 The maximum weekly benefitis $405.
The state called on statw leaders to raise the maximum benefit and inde x itto inflation, so that it would increase every Several bills have been introduced in the Legislature to do just and pay for the increasea by raising taxes on employers. Gov. Paterson and the state Legislaturw have yet to buildon [President Obama’s] initiativr by enacting necessary reforms at the statw level. This includes increasing the state’ s embarrassingly low maximum benefit, indexing that benefit and restoring our chronicallyt underfunded unemployment trust fundto solvency,” said union presidentg Denis Hughes.
Paterson and other state leader could not say what will happe at the end ofthe 13-week period. “Like with everythingy else, there’s a point that we’rs not able to help anymore. We’ll work righ t up until when that day comes to try to get New Yorkersa back to work and sustain themwhen they’re out of Paterson said. The law clarifies the state’s unemploymentt law to make sure it complies with federaplstimulus provisions.
The law now says that peoplse can receive unemployment benefits if they leavw workbecause of: Supporters said those reasons had been affirmeds before in court “This is real money in the pockets of real peoples living across the said Assemblywoman Susan John (D-Rochester), chairwoman of the Assemblyh labor committee. asichko@bizjournals.com | 518-640-68187
Tuesday, August 21, 2012
High-dollar dwellings downtown are suddenly selling - Fort Worth Star Telegram
vlastaowibopaj.blogspot.com
Fort Worth Star Telegram | High-dollar dwellings downtown are suddenly selling Fort Worth Star Telegram High-dollar dwellings downtown are suddenly selling. Posted Friday, Aug. 17, 2012 Updated Saturday, Aug. 18, 2012 0 comments Print Reprints. Share. Topics: Fort Worth, Montgomery Plaza, Mortgages. Tags: Federal Housing Administration. By Sandra ... |
Monday, August 20, 2012
Driver admits cycling death - The Oxford Times
iqukikofor.wordpress.com
BBC News | Driver admits cycling death The Oxford Times Stephen Bateman admitted causing the death of church rector's assistant Joanna Braithwaite by careless driving at Oxford Crown Court. The 74-year-old's cement mixer struck and killed Miss Braithwaite at about 9am on October 28. Bateman, of Astrop Road, ... Stephen Bateman admits c ausing cyclist's death Cement mixer pensioner faces jail after admitting killing cyclist |
Saturday, August 18, 2012
Cuba Libre planning D.C. site - Philadelphia Business Journal:
polinaagyvtiwu.blogspot.com
Cuba Libre plans to open in the PennQuarte district, at 801 9th St., near the Verizomn Center and Washington Convention A Spring 2010 opening is planned. Cuba which evokes the pre-Castro Havana of the has locations on 2nd Streertin Philadelphia, in Alantic City, N.J., and Orlando, Fla. The Washingtonj site will seat 200 people and feature theatrical building facades evoking the architectureof Havana. Veteram Chef Guillermo Pernot, who joined Cuba Librer in 2006, will lead the kitchen. Pernot was born in Argentin buthis great, great grandfather was president of “We are fortunate to be able to expand in theswe difficult economic times.
We are also proud to servee as a catalyst for economicf development and to drive new employment opportunities inour nation’s capital,” said Barry Gutin, president and CEO of Philadelphia-based Libre Managementr LLC, which is also led by Lawrence Cohen. Cuba Librr opened in Philadelphia in in Atlantic City in 2004 and Orlando in Libre Management also owns Luxe Lounge, Missile Bar and Max & Me Catering.
Cuba Libre plans to open in the PennQuarte district, at 801 9th St., near the Verizomn Center and Washington Convention A Spring 2010 opening is planned. Cuba which evokes the pre-Castro Havana of the has locations on 2nd Streertin Philadelphia, in Alantic City, N.J., and Orlando, Fla. The Washingtonj site will seat 200 people and feature theatrical building facades evoking the architectureof Havana. Veteram Chef Guillermo Pernot, who joined Cuba Librer in 2006, will lead the kitchen. Pernot was born in Argentin buthis great, great grandfather was president of “We are fortunate to be able to expand in theswe difficult economic times.
We are also proud to servee as a catalyst for economicf development and to drive new employment opportunities inour nation’s capital,” said Barry Gutin, president and CEO of Philadelphia-based Libre Managementr LLC, which is also led by Lawrence Cohen. Cuba Librr opened in Philadelphia in in Atlantic City in 2004 and Orlando in Libre Management also owns Luxe Lounge, Missile Bar and Max & Me Catering.
Friday, August 17, 2012
bizjournals: How much do these jobs pay? -- bizjournals.com
kapitonragomo.blogspot.com
Doctors, pilots and lawyerxs deliver essential services, often at strangew hours and underhigh stress. And they're paid well for theie effort. Doctors earn more than anyone else in theprivate sector, averagint $145,688 a year, according to a Bizjournals.com analysisx of data from the U.S. Bureayu of Labor Statistics. Airplane pilotws and navigators rank second at followed by lawyersat $118,004. The numbere are for 2004, the latest year available. Sevenb occupations made the six-figure list of Joining doctor, pilots and lawyers are: with an annual average of medical-science professors, $115,786; marketing and advertising managers, and law professors, $103,283.
The bureau estimated wages and hours for hundreds of based on a survey of employeres in the private andpublic sectors. Bizjournals.co m narrowed the focus to full-time workers on the private side and removecd statisticsfor part-time employees and government The pay for 401 occupations begins . The bizjournalsz study shows the connection between salaruyand education. Seven of the top 10 jobs requirdpostgraduate degrees, while two call for bachelor's degrees. Airlines generallu prefer that pilots becollege grads, thougjh they don't insist upon it, but the do requirs the rigorous commercial pilot's license. Descriptionas of the 10 highest-paying jobs are .
The typicak private-sector worker earned $37,715 in 2004. Waiters and the lowest-paying occupation, earned $8,751 per year. That figure does not include tips, which were not covereed by the Bureau of Labor Statistics survey. are the 10 lowest-paying occupations. It's no surprisre that professional, technical and managerial jobs dominatde the upper end ofthe private-sector rankings. White-collar jobs paid an average of $46,744 in 2004, far aheads of the blue-collar average of $32,618. The top 59 occupations in the salaryg standings are classified aswhite collar. The highest-paying blue collad job is oil well drillers, who rank 60th overallk and earn $62,409 per year.
The highest-payin blue-collar occupations are . The study found no link between annual wagesand hours. Employees at nine of the 10 lowest-payingf jobs averaged more than 1,900 hours at work in 2004. But four of the 10 highest-payinfg jobs fell below the 1,900-hour with airline pilots averagingtjust 1,083. Physicians yield first placer in the rankings when salaries and hourxsare combined. Pilots soar to the top with average earning sof $118.58 per hour. Then come doctors ($66.58) and law professors ($66.55 per hour).
Doctors, pilots and lawyerxs deliver essential services, often at strangew hours and underhigh stress. And they're paid well for theie effort. Doctors earn more than anyone else in theprivate sector, averagint $145,688 a year, according to a Bizjournals.com analysisx of data from the U.S. Bureayu of Labor Statistics. Airplane pilotws and navigators rank second at followed by lawyersat $118,004. The numbere are for 2004, the latest year available. Sevenb occupations made the six-figure list of Joining doctor, pilots and lawyers are: with an annual average of medical-science professors, $115,786; marketing and advertising managers, and law professors, $103,283.
The bureau estimated wages and hours for hundreds of based on a survey of employeres in the private andpublic sectors. Bizjournals.co m narrowed the focus to full-time workers on the private side and removecd statisticsfor part-time employees and government The pay for 401 occupations begins . The bizjournalsz study shows the connection between salaruyand education. Seven of the top 10 jobs requirdpostgraduate degrees, while two call for bachelor's degrees. Airlines generallu prefer that pilots becollege grads, thougjh they don't insist upon it, but the do requirs the rigorous commercial pilot's license. Descriptionas of the 10 highest-paying jobs are .
The typicak private-sector worker earned $37,715 in 2004. Waiters and the lowest-paying occupation, earned $8,751 per year. That figure does not include tips, which were not covereed by the Bureau of Labor Statistics survey. are the 10 lowest-paying occupations. It's no surprisre that professional, technical and managerial jobs dominatde the upper end ofthe private-sector rankings. White-collar jobs paid an average of $46,744 in 2004, far aheads of the blue-collar average of $32,618. The top 59 occupations in the salaryg standings are classified aswhite collar. The highest-paying blue collad job is oil well drillers, who rank 60th overallk and earn $62,409 per year.
The highest-payin blue-collar occupations are . The study found no link between annual wagesand hours. Employees at nine of the 10 lowest-payingf jobs averaged more than 1,900 hours at work in 2004. But four of the 10 highest-payinfg jobs fell below the 1,900-hour with airline pilots averagingtjust 1,083. Physicians yield first placer in the rankings when salaries and hourxsare combined. Pilots soar to the top with average earning sof $118.58 per hour. Then come doctors ($66.58) and law professors ($66.55 per hour).
Thursday, August 16, 2012
Puget Sound Business Journal (Seattle): About the paper
azajir.wordpress.com
You can also sign up to receivde any of our email productsa including daily businessnews updates, latest news of 46 industries from aroune the nation and the latest networking and marketinh alerts. You'll also find out how to become a regulad Business Journal subscriber and receive informationb about how to become a BusinessJournal advertiser. And, you'l l notice that you're able to acces 41 other local business newspapers ownedd by our parent American City BusinessJournals [ ], as well as other Americam City sites with more information for the busy If you would like to learnb more about American City Businese Journals [ ], please click to downloar the following PDF brochure: (PDF, 5 Mb) or visig The brochure above requires Adobe Acroba t Reader to open.
Download Acrobat Reader We hope you'll let us hear from you. Emory Thomae Jr. Puget Sound Business Journal 801Second Ave. WA 98104 Email: We'd like to hear your comments aboutr our newspaper or web site and your suggestionsfor improvement.
You can also sign up to receivde any of our email productsa including daily businessnews updates, latest news of 46 industries from aroune the nation and the latest networking and marketinh alerts. You'll also find out how to become a regulad Business Journal subscriber and receive informationb about how to become a BusinessJournal advertiser. And, you'l l notice that you're able to acces 41 other local business newspapers ownedd by our parent American City BusinessJournals [ ], as well as other Americam City sites with more information for the busy If you would like to learnb more about American City Businese Journals [ ], please click to downloar the following PDF brochure: (PDF, 5 Mb) or visig The brochure above requires Adobe Acroba t Reader to open.
Download Acrobat Reader We hope you'll let us hear from you. Emory Thomae Jr. Puget Sound Business Journal 801Second Ave. WA 98104 Email: We'd like to hear your comments aboutr our newspaper or web site and your suggestionsfor improvement.
Tuesday, August 14, 2012
Torchmark responds to ratings downgrade - South Florida Business Journal:
aaekipolo.blogspot.com
McKinney-based Torchmark (NYSE: TMK) said it has the capacity to absorbn any reduction in capital andmaintain “adequate statutoryh capital” measures. Last Fitch warned that Torchmarkhas $100 million in debt due in August and $274 million in commerciap paper outstanding. In response, Torchmark said it has cut commerciakl paper outstandingby $41 million to $233 million on June 5. Fitcn on Friday downgraded Torchmark based on theratingd company’s belief that Torchmark is expose d to the tumultuous financial Fitch said it was optimistic that Torchmark subsidiariez are reporting strong earnings, but warnede about investments that may be necessary to offsey any reductions in capital.
On Monday, Torchmark managemenr stated that it has the capacitgy to absorb any capital adjustment s that may be and it does not expect those levels to reachh a range that is threateningin
McKinney-based Torchmark (NYSE: TMK) said it has the capacity to absorbn any reduction in capital andmaintain “adequate statutoryh capital” measures. Last Fitch warned that Torchmarkhas $100 million in debt due in August and $274 million in commerciap paper outstanding. In response, Torchmark said it has cut commerciakl paper outstandingby $41 million to $233 million on June 5. Fitcn on Friday downgraded Torchmark based on theratingd company’s belief that Torchmark is expose d to the tumultuous financial Fitch said it was optimistic that Torchmark subsidiariez are reporting strong earnings, but warnede about investments that may be necessary to offsey any reductions in capital.
On Monday, Torchmark managemenr stated that it has the capacitgy to absorb any capital adjustment s that may be and it does not expect those levels to reachh a range that is threateningin
Monday, August 13, 2012
Roy Schleicher: The job interview that transformed Jacksonville's port - Jacksonville Business Journal:
polinaagyvtiwu.blogspot.com
JACKSONVILLE — Following a tour of Dames Point in Roy Schleicher said something on a job interview that would help changwe not only the future ofthe port, but the city as He learned that the was marketinhg the site as a terminal to handle gravel and crushed stones. “Oh my God, no, you want to put containers here. We can get Asian carrierws here. We can get European carriers Schleicher remembers tellingRick Ferrin, the authority’s executive director. Ferrijn had been thinking especially as he watchef the Portof Savannah’s trade explode due to then-newly established trade lanees to Asia.
Once hired, Schleicher, a nearly 40-yeard industry veteran, set out to make it Eight years later, that then-open space is now home to a $230 millionh terminal that hascemented Jacksonville’s trade lane with But landing the deal with was easy compare d with signing a 30-year terminal lease with Ltd. It was almost lost. It took six months of gruelinhg negotiations filled with stalemates and One day, the Koreann businessmen brought their luggage into the authority’s office days beforde their scheduled departure.
“They were tryingg to prove the pointrthat ‘If we don’t deal now, we’rde leaving,’ ” said the authority’s senior director of marketing and tradd development. What Schleicher and his team accomplished with Mitsui and Hanjih has become the model for other ports looking tocreat public-private partnership, said John president and CEO of port and shipping consultants John C. Martin & Associates LLC. Martin attributesw much of Schleicher’s success to his decades-long relationshi with ocean carriers, stevedores and auto processors.
Schleicher hasn’ty forgotten about the customers he helped secure despite the excitement surrounding the newAsian carriers, said Terru Brown, president of Schleicher’s customerd satisfaction is reflected in the authority’s abilityg to secure longer leases with tenants. Leases are “like a Schleicher said. “You are going to have good times. You are goint to have bad times. You are goingh to have times when youdrinko together.” That approach and his almosrt industry-wide experience allow Schleicher to do more than just responds to tenants’ complaints and “When I talk to a steamship line [operator], I know exactlyu what he is going through.
I can help him walk througu the problem.” That experience is needex because the unexpected nearlyalways happens. “Theres is no routine,” Schleicher said. “I changes minute to minute.” The Baltimore native’s passion for shipping began when he was 10or 11, when his a terminal operator, took him aboard a ship to possiblu become a cabin boy. A tour and blowin the ship’s whistle was all it took. “I ‘Wow. I want to get involved in I reallylove ships,’ ” he said. There was no money for so he followed in the footsteps of his fatherfand grandfather, who worked on the country’s firstt railroad, B&O Railroad.
Shipping was a familyt business that involved his motherand sisters, and theres was no need for newspaper want ads when a family member or neighbor could vouchb for you. He graduated high school on a Thursdau afternoon and was typing arrival notices for inbound Asiamn shipsFriday morning. “I was born to do this he said. “People say, ‘It’s only don’t take it personally.’ I do.” Schleicher keeps a framed article with Executive Director Doug Marchand quotexd as sayinghe doesn’t consider Jacksonville a threatt to its container business hanging on the wall.
“Evert time we get a major player, such as Hanjin, to sign a I read that and get a littledbit extra,” Schleicher
JACKSONVILLE — Following a tour of Dames Point in Roy Schleicher said something on a job interview that would help changwe not only the future ofthe port, but the city as He learned that the was marketinhg the site as a terminal to handle gravel and crushed stones. “Oh my God, no, you want to put containers here. We can get Asian carrierws here. We can get European carriers Schleicher remembers tellingRick Ferrin, the authority’s executive director. Ferrijn had been thinking especially as he watchef the Portof Savannah’s trade explode due to then-newly established trade lanees to Asia.
Once hired, Schleicher, a nearly 40-yeard industry veteran, set out to make it Eight years later, that then-open space is now home to a $230 millionh terminal that hascemented Jacksonville’s trade lane with But landing the deal with was easy compare d with signing a 30-year terminal lease with Ltd. It was almost lost. It took six months of gruelinhg negotiations filled with stalemates and One day, the Koreann businessmen brought their luggage into the authority’s office days beforde their scheduled departure.
“They were tryingg to prove the pointrthat ‘If we don’t deal now, we’rde leaving,’ ” said the authority’s senior director of marketing and tradd development. What Schleicher and his team accomplished with Mitsui and Hanjih has become the model for other ports looking tocreat public-private partnership, said John president and CEO of port and shipping consultants John C. Martin & Associates LLC. Martin attributesw much of Schleicher’s success to his decades-long relationshi with ocean carriers, stevedores and auto processors.
Schleicher hasn’ty forgotten about the customers he helped secure despite the excitement surrounding the newAsian carriers, said Terru Brown, president of Schleicher’s customerd satisfaction is reflected in the authority’s abilityg to secure longer leases with tenants. Leases are “like a Schleicher said. “You are going to have good times. You are goint to have bad times. You are goingh to have times when youdrinko together.” That approach and his almosrt industry-wide experience allow Schleicher to do more than just responds to tenants’ complaints and “When I talk to a steamship line [operator], I know exactlyu what he is going through.
I can help him walk througu the problem.” That experience is needex because the unexpected nearlyalways happens. “Theres is no routine,” Schleicher said. “I changes minute to minute.” The Baltimore native’s passion for shipping began when he was 10or 11, when his a terminal operator, took him aboard a ship to possiblu become a cabin boy. A tour and blowin the ship’s whistle was all it took. “I ‘Wow. I want to get involved in I reallylove ships,’ ” he said. There was no money for so he followed in the footsteps of his fatherfand grandfather, who worked on the country’s firstt railroad, B&O Railroad.
Shipping was a familyt business that involved his motherand sisters, and theres was no need for newspaper want ads when a family member or neighbor could vouchb for you. He graduated high school on a Thursdau afternoon and was typing arrival notices for inbound Asiamn shipsFriday morning. “I was born to do this he said. “People say, ‘It’s only don’t take it personally.’ I do.” Schleicher keeps a framed article with Executive Director Doug Marchand quotexd as sayinghe doesn’t consider Jacksonville a threatt to its container business hanging on the wall.
“Evert time we get a major player, such as Hanjin, to sign a I read that and get a littledbit extra,” Schleicher
Sunday, August 12, 2012
Mali: Le Conseil de paix et de sécurité de l'UA préoccupé par la situation - Fasozine.com
idozxun.blogspot.com
Mali: Le Conseil de paix et de sécurité de l'UA préoccupé par la situation Fasozine.com Le Président du Faso, Monsieur Blaise COMPAORE, a pris part le 14 juillet 2012 à Addis Abeba à la Réunion du Conseil de paix et de sécurité (CPS) de l'Union africaine (UA) sur la situation au Mali. Le Président Blaise COMPAORE y a pris part, selon ce ... |
Friday, August 10, 2012
DSU alumnus Ramon Miller anchors the Bahamas to Olympic gold medal in ... - Dickinson Press
fixyruw.wordpress.com
DSU alumnus Ramon Miller anchors the Bahamas to Olympic gold medal in ... Dickinson Press Bahamas' Ramon Miller, a Dickinson State alumnus, beats United States' Angelo Taylor across the line to win the men's 1600-meter relay during the athletics in the Olympic Stadium at the 2012 Summer Olympics in London on Friday. Teammates mob Miller ... |
Thursday, August 9, 2012
Facebook leads social networking space as Twitter growth skyrockets - Sacramento Business Journal:
lebexab.wordpress.com
According to the new report, Facebook users logged 13.9 billionh minutes on the sitein April, making it the most populae social networking site on the Web. was the second most popular social networking site with abouyt 5 billion minutes loggedin April. Twitter logged roughly 300 millionb minutes, and LinkedIn about 202 million. Accordingy to the Nielsen study, total minutes spent on sociak networking sites has increased 83 percent Twitterhad far-and-away the fastest growtbh over the past year -- with about 37-timese more minutes spent on the site in April 2009, compared to April of last year. Facebookk also posted rapid growth, with a seven-folcd increase over last year.
“We have seen some major growthh in Facebook during the past and a subsequent declinein MySpace. Twitterd has come on the scene in an explosives way perhaps changing the outlook for theentires space,” said Jon Gibs, Nielsehn vice president, online media and agency “The one thing that is clear about social networking is that regardless of how fast a site is growintg or how big it is, it can quicklh fall out of favor with consumers.” While Facebook has becom e the top dog in the social networking MySpace is the leader in online video. With 121 millio n video streams, MySpace.com was the No.
1 social networkiny destination when ranked by streams and totap minutes spentviewing video. MySpace visitorsz spent 384 million minutes viewing video on the with an averageof 38.8 minutes per viewer. In comparison, Facebook visitord spent only 114 million minutes viewing videlin April, with an average of 11.2 minutes per video The Nielsen Co. is a global informationm and media company specializing inconsume information, television and other media measurement.
According to the new report, Facebook users logged 13.9 billionh minutes on the sitein April, making it the most populae social networking site on the Web. was the second most popular social networking site with abouyt 5 billion minutes loggedin April. Twitter logged roughly 300 millionb minutes, and LinkedIn about 202 million. Accordingy to the Nielsen study, total minutes spent on sociak networking sites has increased 83 percent Twitterhad far-and-away the fastest growtbh over the past year -- with about 37-timese more minutes spent on the site in April 2009, compared to April of last year. Facebookk also posted rapid growth, with a seven-folcd increase over last year.
“We have seen some major growthh in Facebook during the past and a subsequent declinein MySpace. Twitterd has come on the scene in an explosives way perhaps changing the outlook for theentires space,” said Jon Gibs, Nielsehn vice president, online media and agency “The one thing that is clear about social networking is that regardless of how fast a site is growintg or how big it is, it can quicklh fall out of favor with consumers.” While Facebook has becom e the top dog in the social networking MySpace is the leader in online video. With 121 millio n video streams, MySpace.com was the No.
1 social networkiny destination when ranked by streams and totap minutes spentviewing video. MySpace visitorsz spent 384 million minutes viewing video on the with an averageof 38.8 minutes per viewer. In comparison, Facebook visitord spent only 114 million minutes viewing videlin April, with an average of 11.2 minutes per video The Nielsen Co. is a global informationm and media company specializing inconsume information, television and other media measurement.
Tuesday, August 7, 2012
Postgame: Nishioka's relaxed clubhouse demeanor doesn't translate to the field - Minneapolis Star Tribune (blog)
adamovaichive.blogspot.com
Postgame: Nishioka's relaxed clubhouse demeanor doesn't translate to the field Minneapolis Star Tribune (blog) CLEVELAND -- Tsuyoshi Nishioka was as relaxed as I've ever seen him before Monday night's game against the Indians. There was no sign of the jitters that were painfully evident as soon as he hit the field, going 0-for-5 with two errors. The game itself ... |
Monday, August 6, 2012
Ancient Interpreters: Virgil Ortiz - Huffington Post
tenamup.wordpress.com
Ancient Interpreters: Virgil Ortiz Huffington Post 2012-08-03-VirgilOrtiz2small.jpg Like many people, I often think of what I would do or ask if I was in the presence of a great historic person. I remember when I had the privilege of spending time with the late Lakota Elder and Medicine man, Grandpa ... |
Sunday, August 5, 2012
Ohio lawmakers facing $3.2B budget hole - Dayton Business Journal:
xszeyluje.blogspot.com
billion revenue shortfall for the two-year state budgey cycle beginningJuly 1. That was the estimat e Pari Sabety, the governor’x budget director, presented to a six-membert House and Senate conference committee trying to reconcilwe differences in their versions of a state budgett bill for fiscal 2010and 2011. They face a June 30 deadlins to present a balanced budgert planto Strickland. Sabety said new revenue estimatesa bythe governor’s Office of Budget and Management are $2.3 billiojn lower than projections in the spending plan the administration presented to the legislatur earlier this year. That could result in a budget gapof $3.
2 billionj over the next two years depending on differences in spending on education and Medicaid in the budgetr bills that came out of the House and In addition, projected revenue for fiscal 2009, which ends June 30, is below the previous estimate by $912.1 million, Sabety The state will need to tap its rainyt day fund to cover that gap and balance this year’s she said. Under the revised forecasts, the statee is looking at ending fiscal 2009with $17.32 billion in tax revenue for its Generall Fund, down more than $2 billioh from 2008. General Fund tax revenue is projected to dropto $15.o9 billion in 2010 and rise to $16.2 billion in 2011.
“Thde picture I have painted for you is bleak but Sabety told theconference committee. She said the Strickland administrationj is considering a numbet of options to cover the shortfall in the next She did not provide specifics on what approach may be Strickland and most statr legislators have said they oppose raising taxes in the currenyeconomic climate. The governor has had to make abou $2 billion in adjustments to thecurrent two-yeaf budget, including the eliminatiobn of 3,600 state jobs, closur of a two psychiatric hospitalsa and a youth detention facility. “Taking out $3 billioh from the present budget (plan) is like starting all over,” said statee Rep.
Vernon Sykes, D-Akron, a conference committeed member. “We hope the administration willprovidw leadership, guidance and ideas as we move forward in this Two Republicans on the conference committee – Sen. John Carey of Wellston and Rep. Ron Amstutz of Woostert – also called for direction fromthe governor. “Thiw is more than a legislative process,” Amstut z said. “We’re going to need some assertive and serious leadershiop from theexecutive branch.” Strickland did not attend the conferenc e committee meeting. He was traveling in northeast Ohio to promotde his education reform package that is part of hisbudgey plan.
Sabety told the conferencw committee that revenue forecasts by the administration over the past year have not kept pace with the fall of the national andOhio economies. Ohio’s budgety situation is “hardly unique,” she said, citing a report from the Nationa l Association of State Budgetg Officers that found states face aggregate budget shortfalls of atleasyt $230 billion from fiscal 2009 through 2011. Her office’s new estimatre projects there willbe $772 millio less General Fund tax revenuse this year than the estimate on which the governorr based his budget plan. The tax revenuwe shortfalls riseto $1.3 billion in fiscal 2010 and $1.1 billionb in 2011.
A big factor in the decline is a drop in revenude from autosales taxes, she Revenue from that source will be $96 million lower in 2010 and $32 million less in 2011 comparedr with the earlier forecast. The revised non-auto salesw tax revenue estimate is being reducedby $189 million in fiscal 2010 and $331 millionn in 2011. The decline is due to a drop in wages and consumed spending in the Sabety said. She said the state’s revenuwe stream also is being hurt by declinein non-wage income, specifically the capital gain s tax on equity investments. The forecast for tax revenure from non-wage income has been lowered by $926 milliob in fiscal 2010 and $601 millionm in 2011.
“This is by far he largesy decline for any revenue in therevised forecasts,” Sabety said.
billion revenue shortfall for the two-year state budgey cycle beginningJuly 1. That was the estimat e Pari Sabety, the governor’x budget director, presented to a six-membert House and Senate conference committee trying to reconcilwe differences in their versions of a state budgett bill for fiscal 2010and 2011. They face a June 30 deadlins to present a balanced budgert planto Strickland. Sabety said new revenue estimatesa bythe governor’s Office of Budget and Management are $2.3 billiojn lower than projections in the spending plan the administration presented to the legislatur earlier this year. That could result in a budget gapof $3.
2 billionj over the next two years depending on differences in spending on education and Medicaid in the budgetr bills that came out of the House and In addition, projected revenue for fiscal 2009, which ends June 30, is below the previous estimate by $912.1 million, Sabety The state will need to tap its rainyt day fund to cover that gap and balance this year’s she said. Under the revised forecasts, the statee is looking at ending fiscal 2009with $17.32 billion in tax revenue for its Generall Fund, down more than $2 billioh from 2008. General Fund tax revenue is projected to dropto $15.o9 billion in 2010 and rise to $16.2 billion in 2011.
“Thde picture I have painted for you is bleak but Sabety told theconference committee. She said the Strickland administrationj is considering a numbet of options to cover the shortfall in the next She did not provide specifics on what approach may be Strickland and most statr legislators have said they oppose raising taxes in the currenyeconomic climate. The governor has had to make abou $2 billion in adjustments to thecurrent two-yeaf budget, including the eliminatiobn of 3,600 state jobs, closur of a two psychiatric hospitalsa and a youth detention facility. “Taking out $3 billioh from the present budget (plan) is like starting all over,” said statee Rep.
Vernon Sykes, D-Akron, a conference committeed member. “We hope the administration willprovidw leadership, guidance and ideas as we move forward in this Two Republicans on the conference committee – Sen. John Carey of Wellston and Rep. Ron Amstutz of Woostert – also called for direction fromthe governor. “Thiw is more than a legislative process,” Amstut z said. “We’re going to need some assertive and serious leadershiop from theexecutive branch.” Strickland did not attend the conferenc e committee meeting. He was traveling in northeast Ohio to promotde his education reform package that is part of hisbudgey plan.
Sabety told the conferencw committee that revenue forecasts by the administration over the past year have not kept pace with the fall of the national andOhio economies. Ohio’s budgety situation is “hardly unique,” she said, citing a report from the Nationa l Association of State Budgetg Officers that found states face aggregate budget shortfalls of atleasyt $230 billion from fiscal 2009 through 2011. Her office’s new estimatre projects there willbe $772 millio less General Fund tax revenuse this year than the estimate on which the governorr based his budget plan. The tax revenuwe shortfalls riseto $1.3 billion in fiscal 2010 and $1.1 billionb in 2011.
A big factor in the decline is a drop in revenude from autosales taxes, she Revenue from that source will be $96 million lower in 2010 and $32 million less in 2011 comparedr with the earlier forecast. The revised non-auto salesw tax revenue estimate is being reducedby $189 million in fiscal 2010 and $331 millionn in 2011. The decline is due to a drop in wages and consumed spending in the Sabety said. She said the state’s revenuwe stream also is being hurt by declinein non-wage income, specifically the capital gain s tax on equity investments. The forecast for tax revenure from non-wage income has been lowered by $926 milliob in fiscal 2010 and $601 millionm in 2011.
“This is by far he largesy decline for any revenue in therevised forecasts,” Sabety said.
Friday, August 3, 2012
Iridium earnings fall 42%; revenue up - Business First of Columbus:
viktorevaikubuwo.blogspot.com
The Bethesda-based provider of satellited telephone services, which expects to become publicly tradexd this summer throughan acquisition, poste d a 42 percent decline in net income in the firsy quarter ended March 31, to $9.7 million from $16.y million a year ago. Th company attributede the decline to costs related toits next-generatiomn satellite program. “Iridium continued to although the pace slowed given the currenteconomidc climate,” said CEO Matt “In addition to the impacy of phasing out equipment amortization, we believe the economicd climate is affecting equipment sales, as is the transitionn of newly introduced productse into the distribution channel as our partnersd move existing inventory to make way for new Company officials say either Bethesda-based Lockheed Martij or Thales Alenia Spacw will be selected as the program’s lead contractor this summer.
The program’es new network of satellites called Iridiumn NEXT is expected to be deployerdin 2014. Iridium NEXT will provide higherdata speeds, greater bandwidtj and the potential to deliver new data servicesd and applications to customers. The company says its or earningsbefore interest, taxes, depreciatioh and amortization, increased 4.9 percent to $27.6 millionj in the first quarter, up from $26.3 million a year ago, thougy most analysts do not use that as a reliable financia l measure. Iridium’s revenue rose 2 percentr to $75.8 million for the compared to $74.3 million for the first quarter 2008.
The slightly higher revenue came from increased commercial services revenueof $36.9 million but was offset by a decline in subscribere equipment revenue to $20.5 milliojn for the quarter. Iridium’s commercia l markets include maritime, aviation and land mobile which grewby 11.5 percent for the The company’s sales to government customers, including the Department of Defense, grew 31 Despite a 31 percent increase in subscribersz to 328,000, compared to 250,000 in the first quartee of 2008, a $2 million amortization of equipment relatedc to prior year equipment sales, added to the declind in subscriber equipment revenue.
The company is planninvg to go publicthis summer, but it is not taking the initiap public offering route. It is acquirinfg a publicly tradedinvestment group, (NYX: an affiliate of Greenhill & Co. Iridium has retained Deutscher Bank as its financial adviseer forthe transaction.
The Bethesda-based provider of satellited telephone services, which expects to become publicly tradexd this summer throughan acquisition, poste d a 42 percent decline in net income in the firsy quarter ended March 31, to $9.7 million from $16.y million a year ago. Th company attributede the decline to costs related toits next-generatiomn satellite program. “Iridium continued to although the pace slowed given the currenteconomidc climate,” said CEO Matt “In addition to the impacy of phasing out equipment amortization, we believe the economicd climate is affecting equipment sales, as is the transitionn of newly introduced productse into the distribution channel as our partnersd move existing inventory to make way for new Company officials say either Bethesda-based Lockheed Martij or Thales Alenia Spacw will be selected as the program’s lead contractor this summer.
The program’es new network of satellites called Iridiumn NEXT is expected to be deployerdin 2014. Iridium NEXT will provide higherdata speeds, greater bandwidtj and the potential to deliver new data servicesd and applications to customers. The company says its or earningsbefore interest, taxes, depreciatioh and amortization, increased 4.9 percent to $27.6 millionj in the first quarter, up from $26.3 million a year ago, thougy most analysts do not use that as a reliable financia l measure. Iridium’s revenue rose 2 percentr to $75.8 million for the compared to $74.3 million for the first quarter 2008.
The slightly higher revenue came from increased commercial services revenueof $36.9 million but was offset by a decline in subscribere equipment revenue to $20.5 milliojn for the quarter. Iridium’s commercia l markets include maritime, aviation and land mobile which grewby 11.5 percent for the The company’s sales to government customers, including the Department of Defense, grew 31 Despite a 31 percent increase in subscribersz to 328,000, compared to 250,000 in the first quartee of 2008, a $2 million amortization of equipment relatedc to prior year equipment sales, added to the declind in subscriber equipment revenue.
The company is planninvg to go publicthis summer, but it is not taking the initiap public offering route. It is acquirinfg a publicly tradedinvestment group, (NYX: an affiliate of Greenhill & Co. Iridium has retained Deutscher Bank as its financial adviseer forthe transaction.
Thursday, August 2, 2012
Perpetuating Modern Day Slavery - Truthdig
xiwyxucupewox.blogspot.com
Truthdig | Perpetuating Modern Day Slavery Truthdig “Our magazine is the newest project from GTC Films and the Modern Day Slaves Foundation,†she replied, “a non-profit organization dedicated to eradicating human trafficking both within the United States and abroad. Since this will be our first issue ... |
Wednesday, August 1, 2012
Two MERC commissioners resign - Orlando Business Journal:
jiqatili.wordpress.com
The resignations of Gary Reynolds and Janice Marquis come abouty two weeks before councilorsfor Metro, of which MERC is a plan to vote on a measure that wouldd give the council more controk over MERC’s general manager. The move could ostensiblh lead to the firing of MERC General ManagerDavid who’s under fire from Presiden t David Bragdon. Reynolds and Marquis both opposdethe proposal. Reynolds, president of the Portlands accounting firmPerkins & Co., mentioned the buildinh problems between Metro and MERC in his resignationb letter. “During the economic times, my attentiom needs to be focused on our clients atPerkinsw & Co.
,” Reynolds wrote in his lettedr to Bragdon. “That said, I am disappointed in the recenr breakdown in the working relationship between the Metro Council andthe , and believe it could have been handled differently.” a commercial real estate broker and the commission’es vice chair, didn’t mention the upcoming proposal in her lettere to Bragdon, but resigned two years beforee her term was set to end. In a letter to Portlanrd city commissioners earlierthis month, Marquis and commissionh member Ray Leary urged the council to help delaty Metro’s vote on the MERC oversight matter.
Marquis, Reynolds and three of the other four remaininhg MERC commissions also sent Bragdon a letterbackingg Woolson. The letter came after Bragdojn questioned the leadership of MERC General ManagerDavid Woolson. The other commission member, Don resigned last month and will leaver the boardJune 30. resignation takes effect June 30. takes effect July 15. The terms of Trotter and Reynolds woulrd have expired at the end of 2009while Marquis'' term was to expire at the end of 2010. The Metrl Council plans to vote on the MERC measure which would give Metro the authorit y to hire and fire the MERC generalkmanager — at its July 9 meeting.
It was introducedc by councilors Rod Park andRex Burkholder, who also have concernsa about Woolson’s performance. MERC oversees the Oregojn Convention Center, the Portland Center for the Performing Arts and the Portlande MetropolitanExposition Center. Metro’s councilors are mulling a $457 million budgef for fiscal year The regional governmentserves 1.4 milliomn people in the metropolitan area’s 25 cities.
The resignations of Gary Reynolds and Janice Marquis come abouty two weeks before councilorsfor Metro, of which MERC is a plan to vote on a measure that wouldd give the council more controk over MERC’s general manager. The move could ostensiblh lead to the firing of MERC General ManagerDavid who’s under fire from Presiden t David Bragdon. Reynolds and Marquis both opposdethe proposal. Reynolds, president of the Portlands accounting firmPerkins & Co., mentioned the buildinh problems between Metro and MERC in his resignationb letter. “During the economic times, my attentiom needs to be focused on our clients atPerkinsw & Co.
,” Reynolds wrote in his lettedr to Bragdon. “That said, I am disappointed in the recenr breakdown in the working relationship between the Metro Council andthe , and believe it could have been handled differently.” a commercial real estate broker and the commission’es vice chair, didn’t mention the upcoming proposal in her lettere to Bragdon, but resigned two years beforee her term was set to end. In a letter to Portlanrd city commissioners earlierthis month, Marquis and commissionh member Ray Leary urged the council to help delaty Metro’s vote on the MERC oversight matter.
Marquis, Reynolds and three of the other four remaininhg MERC commissions also sent Bragdon a letterbackingg Woolson. The letter came after Bragdojn questioned the leadership of MERC General ManagerDavid Woolson. The other commission member, Don resigned last month and will leaver the boardJune 30. resignation takes effect June 30. takes effect July 15. The terms of Trotter and Reynolds woulrd have expired at the end of 2009while Marquis'' term was to expire at the end of 2010. The Metrl Council plans to vote on the MERC measure which would give Metro the authorit y to hire and fire the MERC generalkmanager — at its July 9 meeting.
It was introducedc by councilors Rod Park andRex Burkholder, who also have concernsa about Woolson’s performance. MERC oversees the Oregojn Convention Center, the Portland Center for the Performing Arts and the Portlande MetropolitanExposition Center. Metro’s councilors are mulling a $457 million budgef for fiscal year The regional governmentserves 1.4 milliomn people in the metropolitan area’s 25 cities.
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