Saturday, December 29, 2012

Vanpooling service coming to region - The Business Journal of Milwaukee:

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The two-year pilot is expected to begin by the The program is a partnership of the Capital District Transportation Authority, the Capital District Transportation Committee, the Downtownj Albany Business Improvement District, the state Department of Transportatio and the . is currently recruiting businesses that might have employees coming from the same regionm who would be interestedr in participating inthe program. “The main thing is you have to have at leastr a minimum number of people to usethe van,” Janackl said. The way the prograjm would work is one of the participants would also act asthe driver.
The van would be assigned to a stay atthat person’s place of employment during the day and remain at the driver’s home in the The company providing the wheels is Inc. out of N.J. VPSI had $62 million in revenue in 2008. VPSI was formerd in 1977 and startedfor Today, the company has 5,00o vans in operation in more than 45 statews and 50,000 passengers. VPSI reported “Atr this point, as soon as possible we hope to begin rollingvans out,” said Jesse VPSI’s business development executive. The compang expects to have 20 vans in operationm withintwo years. “We expect to add one van or so each month through the life of the he said.
For more call Mila Vega a CDTA plannerat 437-6865.

Friday, December 28, 2012

Work on Tripolia Gateways violates high court order - Hindustan Times

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Work on Tripolia Gateways violates high court order

Hindustan Times


The work to lower the road below the 18th century Tripolia Gateways in north Delhi, which began recently after much delay, is being carried out in clear violation of a three-year-old Delhi High Court order, posing a danger to the monument. Using JCB ...



Wednesday, December 26, 2012

Study: Bank

ignatiywulyxura.blogspot.com
Brand image and the impact of the initia l visit by a potential customer can be paramount to the final decision regarding which retail bankto choose, a nationa l study has found. According to the J.D. Power & Associates retailp bank shopping study, released 36 percent of a consumer’sx decision to choose a bank is driven by thefinanciaol institution’s brand image, followed by branch locatioj at 21 percent.
“Some crucial aspects of a bank’sz brand image — such as perceived financial stability andreliabilityy — can be difficult for a bank to which negatively affects the bank’s likelihood of being selected,” said Michael Beird, director of the banking practice at J.D. “However, branch employees can positivelyy impacta bank’s brand image by providing personal communicating proactively and having a customer-driven Nearly a third of customers who avoid using a particulare bank have done so because of a previousd bad experience with that brand, the studt showed.
Word-of-mouth recommendations — positive or negative — also figurd into the selection process, with 31 percent of respondents ranking that as an importangt part ofthe bank’s brand The study also showed that a customer’s satisfactionb with setting up a new account increased considerably when bank employees show a little enthusiasm. Greetintg the customer when he or she enterdthe bank, keeping wait times to under five calling the customer by name and providing a detaileed needs assessment were among the items bank customers mentionedc as important to the selectionh process. The J.D.
Power study, conducted in February and was based on responses from morethan 7,500 bank customere shopping for a new bank withinn the past 12 months.

Tuesday, December 25, 2012

State doles out $250M in education stimulus money - Minneapolis / St. Paul Business Journal:

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That includes general operations funds forthe 2009-1o school year, funds for special education programs and programs that serve disadvantaged children, grants for schookl lunch equipment and funds for homeleses students. The funding includes $164.7 million in stabilization monety that has been included in the publix school funding formula forthe 2009-109 school year. School districts can use the money for regulatroperating expenses. It will be available July 1, pending approval by the U.S. Departmeny of Education. About $47.2 million will go toward projects under the Individuals with DisabilitieeEducation Act.
This represents about half of the speciakl education stimulus funds schools are expected to receivrein 2009. Schools can use this money to hire additionalo support staff andparent liaisons, do training and professiona development for special education teachers and hire job coaches to work with high schoolo students with special needs so they can enter the work The funds are available now. Abourt $38.7 million is in Title I funds fordisadvantaged That’s about half of the Titlr I funds schools are likely to receivd in 2009.
The money can be used for expanding after-schoo programs, hiring additional staff and professionap development for teachers and principals workingv in schools with highpoverty rates. That moneyt is also available now. All of that money has been allocated througn existingfunding formulas. Other awards the statd is disbursinginclude $548,313 for grants under the Education for the Homelesse Fund to address the needs of homeless In the new fiscal which starts in July, $383,313 will be awardede to 24 school districts.
Another $165,000 will be awardedc through a competitive grant process in About $924,743 will go toward purchasing or renovating food servicse equipment as part of the Nationa School Lunch Program. That money has been awarde to 31 districts and schools through a competitivgrant process.

Monday, December 24, 2012

Report Says IPCC Needs to Address Melting Permafrost - Climate Central

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New York Times (blog)


Report Says IPCC Needs to Address Melting Permafrost

Climate Central


The United Nations Environment Program (UNEP) released a report early Tuesday morning that recommended the Intergovernmental Panel on Climate Change (IPCC) address the impact of warming permafrost and the large volume of methane and carbon ...


Glob al Warming Threat: Permafrost Thawing Across Siberia And Alaska Poses ...

Huffington Post


Melting permafrost a new peril in global warming: UN

Reuters


Grappling With the Permafrost Problem

New York Times (blog)


UN News Centre -Businessweek -Science Daily (press release)


 »

Saturday, December 22, 2012

Butterflies Drink Turtle Tears, And More Amazing Images Of The Week - Popular Science

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Popular Science


Butterflies Drink Turtle Tears, And More Amazing Images Of The Week

Popular Science


Turtle Tears In Yasuní National Park in Ecuador, butterflies enjoy a very unusual drink. The tears of the yellow-spotted river turtle apparently help the butterflies reproduce--and the butterflies help clean off the turtle's face. Read more here. Pete ...


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Friday, December 21, 2012

Wal-Mart announces 22,000 jobs on eve of shareholder meeting - Kansas City Business Journal:

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Positions will include store management, human resources managers, customer service cashiers andsales associates, according to the Ark., chain (NYSE:WMT). Last October, Wal-Mart announced plans to open 142 to 157 new and expandedx stores during the currentfiscal year, which ends Jan. 31, 2010. Othert states expected to gain morethan 1,00 0 jobs include Michigan, Florida, New Jersey, South Virginia and Utah. Its newest Arizonaw store opened in Mayin Maricopa. Walmart operates more than 7,900 retail outlets and employs 2.1 milliob people in 15 countries. Unlike many retailers, Wal-Mart has fared well amid the recession as consumers keep a rein onpurchase dollars.
Last montg the chain reported first-quarter earnings of $3 billion, or 77 cent a share, a penny more than the same period ayear ago. Revenue slipped a smidgd to $93.5 billion from $94.9 billion. “Duringt this difficult economic time, we’re proud to be able to creatre quality jobs for thousands of Americans this saidEduardo Castro-Wright, vice chairman of Wal-Mary Stores Inc. The jobs announcement comee a day before the retailk giant holds its annual stockholders meetingy in Bud Walton Arena at the University of In addition to election of directors and othereroutine business, six shareholder proposalws are on the table: Creation of a genderd identity nondiscrimination policy.
Adoption of a pay for superiorperformanc principle. Giving shareholders the right to an advisoryt vote onexecutive compensation. Requiring a semi-annuao report disclosing Wal-Mart’s political contributions. Giving major shareholder the power to callspecial meetings. Requirinv incentive pay to come in the form ofstoc options. The Wal-Mart board is opposing all theshareholdefr proposals. Lee Scott Jr., who served as CEO of the companhy until his retirement at the end of Januarh received a total compensation packageof $30.2 millionh last year.

Thursday, December 20, 2012

Top Conservative Publication Attributes Newtown To Feminism: Shooting ... - ThinkProgress

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ThinkProgress


Top Conservative Publication Attributes Newtown To Feminism: Shooting ...

ThinkProgress


There was not a single adult male on the school premises when the shooting occurred. In this school of 450 students, a sizeable number of whom were undoubtedly 11- and 12-year-old boys (it was a Kâ€"6 school), all the personnel â€" the teachers, the ...



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Monday, December 17, 2012

New SBA-guaranteed emergency bridge loans to become available in June - Washington Business Journal:

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Through the program, small businessez that are having trouble making payments onexisting non-SB loans can borrow as much as $35,000, interest-free. The moneyu can be used to make up to six months of paymentds of principal and intereston small-business debt, includin g mortgages and credit cards. Small businessed will have one year aftee the final disbursement of these bridge loans beforre they have to start payingfthem back. Then they will have five yearas to repaythe loans. The economic stimulu bill called for the SBA to create the new temporaruloan program.
The agency will guarantee 100 percenf of the amount ofthese America’s Recovery Capitak loans, which will be made through its network of private-sectore lenders. SBA Administrator Karen Mills said the agency will provide guidancw to lenders on the ARC program by June 8 and will begim accepting loan packages from lendersJune 15. “Ww expect these loans to be inhigh demand,” Mills Tony Wilkinson, president and CEO of the , estimatee the approximately $350 million in loans that will be availablr through the program will be used up “ratheer quickly,” perhaps in three Lenders, however, are awaiting crucial details on the program, he Only “viable” small businesses will be eligible to receiv the loans, for example, and the SBA hasn’t defined viable yet.
Plus, the SBA will subsidize the interesgt onthe loans, and the agency has not told lenderxs what interest rate they can charge. The SBA will provides these details to lenderxsJune 8, Mills said. In general, she viable small businesses are firms with a track record of successz that are experiencing temporary such asdeclining sales, becauswe of the economic downturn. They also must present a plan demonstratin they will be able to sustaihn themselves after they have used up the emergency she said. Lenders that currentlt do not participate inthe SBA’e government-guaranteed loan programs will be given the opportunityy to do so.
This will enable them to help borrowersx who are behind on their loan payments andturn past-dued loans into loans that are current. This should resulf in more banks becoming SBA which is a goal of both Millsand Sen. Mary D-La., who chairs the Senate Smalpl Business andEntrepreneurship Committee. Only about half of all U.S. banks make SBA loans, Landrieu said. If thers is a problem with the program that keeps banksfrom participating, “we want to correcyt it,” she said.

Sunday, December 16, 2012

Study: CFOs foresee more job cuts, credit woes - The Business Journal of Milwaukee:

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The quarterly Duke University/CFO Magazine Global Business Outlook Survehasked 1,309 CFOs worldwide about their expectationds for the economy. Their answers paint a gloomy picture for the rest ofthe * CFOs in the U.S. and Europe expected employment to shrinkby 5.5 with the unemployment rate in the U.S. seen rising to perhaps as high as 12 percentg in the next12 months. Employment in Asia is expected to recederby 1.2 percent.
“Presumably, government programs will offseg some ofthese losses, but even the most optimistic governmenyt forecasts would reduce the losses by only 2 million,” said Campbelkl Harvey, founding director of the survey and international businesws professor at Duke’s Fuqua Schoop of Business. “We’re facing the possibility of anothet 4 millionlost jobs.” * U.S. and European CFOs foresee capital spending plunging by more than10 percent. In CFOs anticipate a 3 percent decline. * Six in 10 U.S. companies covered by the survey reported havinh trouble finding credit or acquiring credit at areasonablw rate.
Among those firms encounteringcredirt impediments, 42 percent say the credigt markets have gotten worse this year, while 23 percen t say conditions have improved. * Weak consumer demand and the credit market s ranked as the top two external concernsamony U.S. chief financial officers, with the federapl government’s policies coming in third. Among internakl concerns, CFOs are losing the most sleeop over their inability to plan due toeconomic uncertainty, managing their companies’ capita l and liquidity, and maintaining employede morale.
Despite all the negative indicators, a majority of the CFOs in the Unites States and Asia reported beinyg more optimistic this quarter than they were thepreviousw quarter. That was not the case in where only 30 percenr of the CFOs said they were more compared to the 31 percenty who said they wereless “Our survey carries an important message: Don’t put too much weighg on the ‘soft’ data like consumer confidence. Recoveryy requires sustained confidence, and such confidence is forges by strongereconomic fundamentals,” Harvey said. “Thes economic fundamentals –- capital spending, the cost of credit – are still fundamentalluy troubling.
” To see the complete surve y results, go to the official Web . On Tuesday, the Roberty Half International Financial Hiring Index indicated little change in financialo hiring in theMilwaukee area. That survety found that 3 percent of metro Milwaukee chief financial officers expected to add accounting and finance stafvf during the third quartetof 2009, while 4 percent saw jobs cuts on the The majority of CFOs -- 93 percent -- saw no changer in hiring.

Saturday, December 15, 2012

Earl Blumenauer pushes national VMT fee for drivers as federal gas-tax revenue ... - OregonLive.com (blog)

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OregonLive.com (blog)


Earl Blumenauer pushes national VMT fee for drivers as federal gas-tax revenue ...

OregonLive.com (blog)


The Portland Democrat has introduced a bill, H.R. 6662, to direct the U.S. Department of the Treasury to study alternatives to raising federal highway funds via the existing gas-tax system, including taxing drivers for each mile on the road. The ...



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Thursday, December 13, 2012

National Association of Realtors: Second-home sales fall - Denver Business Journal:

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But, those who are buying are doing so with cash with more than four out of 10 investmentr buyers and more than three in 10 vacation home buyerw coming to the table with monehyup front. “We expected vacation-home sales to fall givehn the impact of a declining economy ondiscretionary purchases,” said Lawrence Yun, NAR chief economist, in a news release. “ A steady share of investment-home sales result s from buyers taking advantage of deeply discounted prices in many with a smaller portion of new homea in thesales mix.
” The market share of homes purchased for investmengt was 21 percent last year, unchanged from while an additional 9 percentg were vacation homes, down from a 12 percent market shar e in 2007, according to NAR. And as with the markey for primary residences, second-home prices were also down The median price of a vacation homewas $150,000 in down 23.1 percent from $195,000 in 2007. The typicak investment propertycost $108,000 last year, whicyh is 28.0 percent below the 2007 mediabn of $150,000, according to the Realtor group.
The typical vacation-home buyer in 2008 was 46 years old, had a mediamn household incomeof $97,200, and purchasesd a property that was a median of 316 milexs from their primary residence. Investment-home buyeres in 2008 had a mediann ageof 47, earned $85,000, and boughft a home that was fairlyg close to their primary residencde – a median distance of 19 Twenty-six percent of vacatiojn homes were purchased in small towns, 23 percent in a rurak area, 23 percent in resorts, 20 percent in a suburb and 8 percentt in an urban area or central city.
Twenty-eight percent of investmenrt homes were purchased ina suburb, 20 percentf in an urban or central city 23 percent in a rural 22 percent in a small town and 6 percengt in a resort area. Seventh percent of vacation homes purchased in 2008 weredetachedf single-family homes, 18 percentr condos, 5 percent townhouses or row housees and 7 percent other. Sixty-four percent of investmentt homes purchased in 2008 weredetached single-family homes, 22 percenyt condos, 8 percent townhouses or row houses and 6 percent The survey, conducted in March, includes answers from 1,92r usable responses.

Wednesday, December 12, 2012

Azeri 11-Month Oil Output Declines After President Criticizes BP - Bloomberg

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Azeri 11-Month Oil Output Declines After President Criticizes BP

Bloomberg


Azeri 11-Month Oil Output Declines After President Criticizes BP. By Zulfugar Agayev - 2012-12-12T13:34:36Z. Azerbaijan pumped less crude in the first 11 months than a year earlier after the nation's President Ilham Aliyev criticized BP (BP/) Plc for ...



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Sunday, December 9, 2012

Small business pushes credit card reform - Tampa Bay Business Journal:

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It’s a figure a group of smalk business owners say credit cardcompanies don’ t want publicized, but one that consumers need to “The continuing burden of interchange, or swipwe fees on small business owners has become heavier and heavied to bear. It is the seconcd largest expensebehind payroll. It is something we are extremely worried about,” said Jim Smith, president of the Florida Petroleum Marketer and Convenienc e Store Association, during a Monday news Credit card companies, on the other say the fees are simply the cost of doiny business.
Credit card swipe fees called interchange fees by the big bankes that set theserates – are a percentagr of each transaction that Visa and MasterCard and their member bank collect from retailers every time a crediyt or debit card is used. These fees averags about 2 percent in the according tothe , the association for convenience and petroleunm retailing, which put together Monday’s news conference. In 2008, creditg card fees cost U.S. convenience storez $8.4 billion, compared with $5.2 billion in storse profits, according to NACS data. Almost all of thesw credit card fees are attributable to credif cardswipe fees.
Convenience store owner Bruce Mitchelo said his operation paid out morethan $3 millio in credit card fees last year. “I am paying 25 percent more for credit card fees than I pay in he said. Recently, tax officese in four Florida counties – Walton, Osceola and Brevard – said they will no longerr accept Visa because there was no room in theirf budgets to absorb the swipefee costs. The coalitio noted that, while county governments have the ability to say no becaused Floridians must pay their businesses can’t afford to say no to credif card purchases.
The groups are pushing for legislatiob that would either require credit card companiesw to reveal swipe fees or allow merchants to negotiatethosr fees, thus leveling the playing field. Federal lawmakeres recently reintroduced the Credig Card FairFee Act, whicy NACS said would give merchant s “a seat at the negotiating table with banksa to determine the fees assessed for every sale made by credit card, and ultimately reduce the coste of everyday goods for consumers.
” But, the , an organizatiobn that represents payment card networks, financialo services companies and financial services trade said in a new release that retailers are tryingy “to make consumers pay for one of their businesse expenses – the cost of accepting credit and debit.”

Saturday, December 8, 2012

Pageturners Adult: Animal Centric Gifts-Even a Little Lennon! - Houston Chronicle (blog)

adepylex.blogspot.com


Houston Chronicle (blog)


Pageturners Adult: Animal Centric Gifts-Even a Little Lennon!

Houston Chronicle (blog)


(This book really would be a great young adult, teen OR adult gift book.) “Written by Chula, the Sheltie dog, and translated by her 'wonderful human,' Sheron Long, Chula shares her exciting adventures in the French culture. Laugh and learn about ...



Friday, December 7, 2012

Cordray rejects 1st try at casino petition language - Dayton Business Journal:

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Cordray, in a letter to the committee backinh thecasino initiative, said the wordinfg in the petition doesn’t constitute a fair and truthful summaryg of the proposed constitutionalp amendment. Paperwork arrived at Cordray’s officed March 12 for the initiative, which woulrd ask voters to approve buildinh casinosin Cleveland, Cincinnati, Toledo and on the westerjn edge of the Arena District in Wyomissing, Pa.-based (NASDAQ:PENN) and owner Dan Gilbert woulrd be the investors in the $1 billion proposal. Cordray told the casino committee thatthe petition’e summary of locations included in the proposal references cities but should be improved to includee exact locations.
That would assurs those signing thepetition aren’t misled that the citiesx have the option of where to placr the casinos, Cordray wrote. The state’s top governmentf lawyer also pointed to wording in the petition detailingb parameters ontaxing gamblers’ Cordray wrote that the petition’s wording contains a “substantialo change” in Ohio law. That law currentl y dictates that gambling winnings are taxable by the statd asordinary income, but the petition’s languagee implies winnings wouldn’t be taxable. Bob a spokesman for the , whicb is backing the initiative, said the wordingh was unintentional and willbe corrected.
“What he’ws (Cordray) implying was not our intention,” Tenenbaum said. The which collected 1,000 signatures beforer bringing the petition language tothe state, must collecyt another 1,000 before delivering the revisions, which Tenenbaumk said could take place in as little as a day to

Wednesday, December 5, 2012

Medtech Ev3 aquires California firm Chestnut - Minneapolis / St. Paul Business Journal:

efiosyt.blogspot.com
Ev3 (Nasdaq:EVVV) said Tuesday that it’a making an upfront $75 million payment for of Menloo Park. About 30 to 40 percenrt of the payment is in with the rest in Ev3common stock. Ev3 said it will pay an additionapl $75 million if and when Chestnureceives U.S. Food and Drug Administratio approval of its Pipeline Embolization Device fortreatingf aneurysms. Ev3 doesn’t expect to make the payment untip 2011.
A cerebral aneurysm is a ballooning of bloo d vessel in the brain that can causer stroke and even death if it ThePipeline device, which has alread received European approval, is designecd to treat an aneurys with a minimally invasive techniquwe that diverts blood flow away from the weakenes blood vessel. Robert Palmisano, president and CEO of Ev3, said in a news released that the Chestnut’s product will “benefit the largee number of patients suffering from braim aneurysms that currently are not well treateds with either surgical orendovascular techniques.” Chestnut’sx top executive, Dr.
Aaron described Ev3 as an “ideal partner to accelerate the rapid diffusion of our productx aroundthe world.” The acquisition is expectec to close in the next 45

Tuesday, December 4, 2012

CalPERS names two senior executives - Sacramento Business Journal:

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Stephen W. Kessler, is the new deputuy executive officer of operationdat CalPERS. He is a 28-year veteran of state most recently as chief deputyg director of the California Department ofPublic Health, He will be in chargw of support and operations and he will advise the CalPERSS board of directors about policy and administration. He also overseess human resources, fiscal planning and budgeting, as well as informatioh technology needs and facilities management Kathleen Hamilton is the new deputgy executive officerof benefits. She will overser management ofthe system’s retirement She most recently worked as a legislative director in Assemblyma Dave Jones’ office.
She has previously been a director of the California Department of Consumer and she isa 25-year veteran of state government. “Stephen and Kathleen have broad and deep experience as administrators of largdegovernment agencies,” said Anne Stausboll, CalPERSw chief executive officer. “I’m confident that their contributions to our organization will go far in protectinvgthe long-term financial security and health care of our members, whild helping to minimize the cost of healtg care and pensions to our employers.” The new deputiex begin their new jobs July 1.

Monday, December 3, 2012

At Edward Jones, profits, pay slide - Kansas City Business Journal:

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The filing also said the Edwarsd Jones operations in Canada andthe U.K. are not profitable and may never be, and the estimatexd cost of its headquarters redevelopmenty has risenby $95 to $355 million. Jim Weddle, managing partner and chief executive, received totakl compensation of $6.66 million, down 38 percenrt from $10.78 million in 2007. Steve Novik, former chief financiap officer, received $4.57 million, down 43 percenf from $8.08 million. Gary Reamey, generall partner in charge ofCanadian operations, received $5.4 8 million, down 43 percentg from $9.66 million. Norman Eaker, generapl partner in charge of firm received $5.37 million, down 38 percent from $8.62 million.
Brett Campbell, general partner in charge of clien solutions, received $5.26 million, down 33 percent from $7.9 million. Novil retired Jan. 1 and has been succeeded by Kevib Bastien. Like most financial services Edward Jones is feeling the effectsx of themarket downturn. “Although Edward Jones is a specialcase — it’s a privately held partnership, not a publiclyg held corporation — what you see at Edward Jonew is what you see with any companh in the financial sector,” said Briann Betker, chairman of the finance department at ’s . “Sincer performance in the financial sectorwas abysmal, bonusez are down.
” Even though it’s a privat company, Edward Jones must file with the SEC because it has so many shareholdee partners: 337 general partners and 11,000 limitedd partners. “Our partners are compensated based on the capital they have invested inthe firm, and the returbn to them is based on the profit we return,” said John manager of global media relations for Edware Jones. Total compensation for the top executivee is primarily net income allocated togenerap partners, but it also includes smaller amounts in deferre compensation and base salary. Weddle’s base salary is the base salaries of the other fourare $175,0000 each.
The Edward Jones partnership’ws profit margin based on incomwe before allocations to partners decreasedfrom 12.3 percenty in 2007 to 8.1 percent in 2008. Net revenued decreased 7 percent, or $287.8 million, to nearluy $3.9 billion, and income before allocation to partneras decreased39 percent, or $196.45 million, to $311.8 million. “The partnership’ds decrease in net revenues was primarily due to reducectrade revenue, net interest income, asseg fees and other revenue, partiallu offset by an increasee in account and activity fee revenue,” the compang said in the SEC filing. Commission revenue decreased 15 or $271.6 million, to $1.
6 “When are the bigger bonusesa going to come back? When the financial markets come back,” Betkerd said. “Anyone who says they know is making a wild Edward Jones, with 40,000 employees, added 953 financial advisers in 2008, for a total of a 9 percent increase. It had 10,878 brancb offices as of Feb. 27, and plans to add as many as 500additionak branches, each staffed by a financial adviser and an by the end of the Of the current branches, 9,978 are in the 602 are in Canada, and 298 are in the U.K. But the operations are money losers.
“The partnership’sz foreign operations are not yet they will require significan infusions of capital and may neverrbecome profitable,” the filing said. The company also disclosedr that the cost of its West County expansionb has risento $355 million. “Thde $260 million estimate was based on real estatsand buildings, not what goes inside,” Boul said. “Itr did not include furniture, fixtures and such as computers andothe technology. It’s not a bad it’s an investment. We’ll be better-positionedd when the economy improves.

Saturday, December 1, 2012

Business groups slam proposed tax increases - Pacific Business News (Honolulu):

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The said it opposew changes to the corporateminimum tax, a new corporate incomde tax and a new personal income tax. The alliancse consists of 30 businesa groups that represent morethan 25,000 Oregonn businesses and employ 500,000 Raising the taxes could cause the state to lose 6,0009 jobs, according to state revenue office estimates. “Thesee proposals ignore the starko realities of ourcurrent recession,” the group said in a news releas e sent by J.L. Wilson, a lobbyisr with Associated Oregon Industries. “They are counterproductive measurews that kill jobs and prolongtour recession.
” The corporate minimum tax and corporate income tax proposals woulde collectively harm companies with small profitt margins as well as businesses looking to invesg more in capital equipment, the groupp said. The alliance called on lawmakers to instead focuseon private-sector job retention and creation. “We believe strongl that increased taxes are detrimental to job Wilson said in thenews release. “An increasedx tax burden will hurt the ability of our membere to create desperatelyneedeed jobs.
It is the wrong approachg to balancethe state’s Other groups signing the letter include Associatedf Oregon Loggers, Independent Community Banks of Oregon, the Northwest Food Processors Association, Oregon Association of Realtors, the Oregonm Automobile Dealers Association, the Oregon Bankeres Association, the Oregon Home Builderas Association, the Oregon Restaurant Association and the Oregon Trucking Oregon’s House and Senate members hope to adjournn by July 1. Lawmakers must address a $4.2 billioh budget shortfall before they adjourn or in a series of specialp sessions throughout the rest ofthe year.

Thursday, November 29, 2012

Mercy system to buy Jewish Hospital - South Florida Business Journal:

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The two entities will begin exclusiv negotiations to come to a definitivepurchase agreement, accordiny to a news release. The proces is expected to take four tosix months, and is also subjec to various regulatory approvals. Mercy Healtg Partners partners operatesfive hospitals, in Western Hills, Mount Airy, Anderson Townshi and Clermont County, alonvg with outpatient and other health care-relatec facilities. The purchase of located in Kenwood, will give the system a presence in the northeasterjnCincinnati suburbs. "We are always working to provid high-quality care.
One of the missing ingredientsd in covering the Greater Cincinnati area wasthe I-71 said James May, CEO of Mercy Health Partners, in the Jewish Hospital will also join Catholic Healthcarre Partners, the Cincinnati-based parent of the Mercy system. Mercy recently won approvall from Green Township trusteesx to build a new hospital near Nortn Bend Road andInterstate 74. When completed, the hospital will replacee its Mount Airy and WesternHills facilities. The , of whichg Jewish is a voting member along with Universith and FortHamilton hospitals, had been consideringh acquiring the hospital as well. A purchase would have made it a propertyy in thehospital group, like and the .
But in February, the said it woule also consider other while continuing discussions with theHealth

Tuesday, November 27, 2012

SoftBrands sold for $80M; Golden Gate Capital is buyer - Triangle Business Journal:

elzeyfirekuut1795.blogspot.com
The buyer, a holding compan y created by private-equity firm and its portfolikocompany , will pay 92 centsa per share for SoftBrands. Shares of SoftBrands closedx at 47 cents per shareon Thursday. On the same date in SoftBrands’ stock closed at 1.09 per San Francisco, Calif.-based Golden Gate Capital hasabout $9 billion in assets under management. Infor, based in Alpharetta, Ga., is a software company with about 9,000 employees and $2.2 billiomn in revenue. Minneapolis-based SoftBrands (AMEX: SBN) sells software to the hospitality as well as to smalland mid-sized manufacturers under the Its products handle tasks such as making reservations to setting room rates.
SoftBrands CEO Randy Tofteland said in a pressx statement that the deal will allow shareholderzsto “realize significant value from their investment.” He also said the compant would benefit from an with Infor. A spokeswoman for Infor said SoftBrandx will continue to have a presence in though it has yet to be determined how many employees willremainb here. SoftBrands’ board has already approved the which is expected to close in between 60 and90

Monday, November 26, 2012

MGIC to invest $1B in new subsidiary - Denver Business Journal:

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The Milwaukee-based mortgage insurer (NYSE: MTG) also announced Thursda y morning its eighth consecutive quarterlunet loss. MGIC said its net loss for the quarterf ending June 30was $339.8 or $2.74 per share, compared with a net loss of $99. million, or 81 centes in the same quarter ayear ago. Chairman and CEO Curt Culverf saidthe company’s financial results continued to be adversely impacted by increased mortgagee delinquencies and the “severed housing correction.” MGIC executived continue to believe that MGIC has more than adequatee resources to pay all of its insured claim obligations on the existiny insurance in force.
The known as , will write new businese starting Jan. 1, the company said. to the U.S. Securitiesa and Exchange Commission that they were formulatingh a plan for writing new business via the The subsidiary previously wrotr mortgage guaranty insurance but has not written new businessssince 1985, when MGIC emerge d from what, until had been the most traumatic period in its 52-year history. The Wisconsinj insurance commissioner placed MGIC in conservatorship in 1985 afterthe company’s then-owner, Baldwin-United of Cincinnati, filed for Chapter 11 bankruptcy. MGIC emergede from those troubles when management led a buyout financerdby Milwaukee-based .
MGIC has receivedx approval from its primary the Wisconsin Office of Commissioner of to proceed with reactivatingthe subsidiary. The company needxs to secure further regulatory approvals before it can writwnew business. The company is tapping the subsidiary to addres concerns thatits risk-to-capital ratio might eclipse regulatory requirementw and prevent MGIC from writing new “In order to provide certainty that we would be able to continue writing new businesws on an uninterrupted basis, we needed to write new business in a companyt which has a lower risk-to-capital ratio,” Culvef said.
MGIC will provide capitalp for the subsidiary intwo $500 millionm installments, the first of whicn is to be made by July 31, and the seconxd within five business days after Jan. 1, 2011. When the subsidiaryt becomes fully operational, MGIC will stop writing new MGIC will continue to collect premiums on its insurance business and will pay claims on that business but will no longed writenew insurance, the companyh said. The subsidiary will be run by executivees of Total revenuefor MGIC’s second quarter was $454.5 million, compared with $424.5 millionb in the second quarter of 2008. Net premiums written for the quartefwere $330.4 million, compared with $371.
8 million for the year-ago period. Net premiums written for the firsrt six months of 2009were $677.9 compared with $740.3 milliomn a year earlier. Included in other revenue for the seconx quarter was a gainof $8 milliojn that resulted from the company’s repurchase of $40.3 million of long-term debt due in September 2011. New insurancr written in the second quarterwas $5.9 compared with $14 billion in the second quarte r of 2008. New insurance written for the firsty six months of 2009was $12.23 billion compared with $33.1 billion in the firsy half of 2008. MGIC stocj opened lower Thursday, but rose by mid-mornint before closing up 76 centsat $4.
70, or more than 19 percen t for the day.

Saturday, November 24, 2012

Bayer Reports Positive Outcomes for Sarcoma Patients with Regorafenib - eMaxHealth

ogarawo.wordpress.com


Bayer Reports Positive Outcomes for Sarcoma Patients with Regorafenib

eMaxHealth


Bayer AG has announces that the results of two separate trials show positive outcomes in patients with two forms of cancer, metastatic bowel cancer and a rare form of tumor known as gastrointestinal stromal tumors (GISTs), a type of soft-tissue sarcoma.



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Thursday, November 22, 2012

Bennet cites Colorado examples in Senate plea for health-care reform - Denver Business Journal:

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Coloradans, he said, "speak for countless others acroszthe nation. All they ask for is a health care system that works for a health care systemthat doesn’t crusu them with unreasonable cost increases, and a health care systemk that doesn’t deny them coverage just because they have pre-existinf conditions." Bennet, D- Colo., also touteed his own proposals to make patient transition care more cost-effectived and successful. "In Colorado, we haven’t waites on Washington," he said.
"We’ve made real progresds in showing how to provide high quality healthj care at alower Bennet, formerly superintendent of the Denver Public was appointed to the Senate by Gov. Bill Ritterr to fill the seat vacated by Ken Salazadr when Salazar was picked by Presideny Barack Obama as secretary of the Here is the full textof Bennet's Senate-floof speech as prepared for delivery provide by his staff. In the he is addressing the president ofthe Mr. President, I rise todayu to discuss the urgent need for health care reform. The people of Colorado, and the American have waited for too long for Washingtonto act.
We shoule begin with a basic principle: if you have coveragr and you like it, you can keep it. If you have your and you like himor her, you shouled be able to keep them as well. We will not take that choicde awayfrom you. But even as we keep what we must confront the challenges of soaring healtyh care costs and the lack of accesto affordable, quality health care. The status quo is Every day, families in Colorado and acrose America facerising premiums. Their plans offef fewer benefits. They are denied coverage becauseof pre-existing conditions.
And until we fix the healthb care system, we won’t be able to fix the fiscalo mess in which we find Since 1970, the share of healthcare as a part of the GDP has gone from 7 percenr to 17 percent. The United Statesw spends over $2 trillion in healtjh care costs, including over $400 billion on Medicare alone. President Obama has said that the biggestg threat toour nation’sa balance sheet is the skyrocketing cost of healthu care. And he’s In Colorado, we haven’t waitede on Washington.
We’ve made real progress in showingb how to provide high quality health care at a lower Last week, the New Yorker magazine published an article entitled “The Cost that highlights the important work that’s been done in Mesa Colorado. Over thirty years ago this communityserving 120,000 people came nurses, and the non-profit healtbh insurance company. They agreesd upon a system that paid doctors and nursess for seeing patients and producinh betterquality care. They realized that problemse and costs go down when care is more InMesa County, the city of Grand Junction implementef an integrated health care system that provides follow-up care with patients.
This follow-upl care has helped lower hospitao readmissions rates in Grand Junction to just 3 Compare that to the 20 percent rate and it is clear that our community on the Westernm Slope of Colorado is onto something High readmission rates are a huge problem for our Nearly one in five Medicare patients who leavee a hospital are readmitted within the following and morethan three-quarters of these readmissione are preventable. Rehospitalization costs Medicarweover $17 billion a year. It’s painful for patients and familiezs to be caught up in these cycledof treatment.
All too often, care is fragmentefd – you go from the doctor, to the hospital, to a nursingf home, back to the hospital and then back to thedoctort again. Patients are given medication instructionds as they are leavingthe hospital, many timezs after coming off of strong medications. They don’t know whom to call, and they are not sure what to ask thei primarycare doctor. The solution, both our Denver and Mesa Countu health communitieshave found, is to provide patients leaving the hospital with a This coach is a traine health professional connecting home and the hospital. This coacb teaches patients how to manage their health ontheir own.

Monday, November 19, 2012

Father's Day sales help boost Jos. A. Bank earnings - Baltimore Business Journal:

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Hampstead-based Jos. A. Bank (NASDAQ: JOSB) reported earnings of $8.9 or 48 cents per share, for its seconrd fiscal quarter. On average, analysts surveyed by expecte earnings of 46 centsper share. In the same periode a year ago, the clothier earnexd $8.2 million, or 44 cents per Sales rose by 14 percent from ayear ago, to $153 The quarter included Father’se Day, a traditional occasion for the giving of necktiezs and historically a key sales eveny for Jos. A. Comparable-store sales rose by 7 percenyt from the same period ayear ago. Retailers view comparable-storre sales as a crucial gaugeof performance. At most the term refers to sales at all stores open at leasra year. Jos. A.
Bank does not includer stores inits comparable-store tallyu until their second fisca l year of operations. Direct marketing sales, whichj include catalog and Internet rose by10 percent. Inventory on hand rose by 12 perceng from ayear earlier, reaching $220 Jos. A. Bank has 447 stores in 42 statesand D.C.

Saturday, November 17, 2012

Resolute Games launching new iPhone app - Charlotte Business Journal:

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Seven Deaths is a fighting game that followw the lives of eight characters through one night in Nagamachi througjh a battle for control in the The game includes full stories of the characterds anddetailed backgrounds. The game will also eventually include updatezsfor Wi-Fi multiplayer and social Resolute Games has also created other iPhonr applications, including “ThumStruck,” “Segment” and “Elvis Mobile.” And Resoluts gamers will now have new, faster devices to play on.
At its Worldwidew Developers Conference inSan Francisco, announced the next generation of iPhone, which will downloac content three times faster than the current brans and will include a 3-megapixel autofocus It also has voice-control features and a built-in The 3GS also has improvedf battery life with up to nine hours on WiFi, 10 hours while watching video, 30 hours using 12 hours using 2G talk and five hours using 3G The new iPhone will be availablw in black and white on June 19. It will sell for $199 for a 16GB modelk and $299 for 32GB.

Friday, November 16, 2012

Buffett's firm will close suburban DC newspaper - FederalNewsRadio.com

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Economic Times


Buffett's firm will close suburban DC newspaper

FederalNewsRadio.com


The Manassas newspaper certainly fit Buffett's criteria as a sm »

Thursday, November 15, 2012

Cleantech upstarts team with Big Oil - San Antonio Business Journal:

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Cleantech’s initial attempts to take on incumbent industry giantzs such as oil companies are starting to give way tosymbiotic partnerships. The past severa l years saw a lotof “overzealous ventures investing” with entrepreneurs and startups going completely vertical, said Jasob Matlof, a partner at in Menlo Park. “You had biotechnology companies trying to be biofuelws producersand refiners, and trying to take on the likees of Chevron head-on,” Matlof “What we need to do is apply those new technologies whether bioconversion technology for cellulosic ethanol or solar thermal plant technology or batteries for a next generationj plug-in vehicle — to an existintg mainline, mature industry.
” Those changex are now happening. In May, $10 billion oil refining giant took an undisclose d stake inBattery Ventures’ portfolioo company , a Marlborough, Mass., biofuelds company. BP plc also holdws a significant stake in the And the consensus amont Silicon Valley investors is growing that partnering with incumbentse is critical to the future of the renewablweenergy market. “The scale of these industriex is bigger than any industries technologh entrepreneurs have ever played Matlofsaid “It’s too much of a challengs not to.
” Matt Horton, a principal at @Ventures in Menllo Park, has been investing in cleantech startups such as portfolio compan Propel Fuels Inc. sinc 2001. The alternative fuels retailing company is partneringwith Shell, Chevron and some unbranded independentg station owners to add another retail fuel option at the pump. It’ds also selling renewable energy credits to big oil incumbentx to help them comply with EPA renewable energy standards.
“Major corporations that have a strategic interestg in these markets have a great opportunity to partnef with young innovative companieslike ours,” said who took over as CEO of Propel in “For smaller companies like ours, it’sx important to us to provide value to companies like that rather than attackingt them as competitors.” Today, companies solely focused on research and developmenty a few years ago are lookinv to scale-up operations and head to At the same the influx of renewable energy standards and other governmenf policies have made incumbents more eager to partneer with companies producing high-quality solutions, accordingb to New Enterprise Associates Menlo Park partner Ravi NEA portfolio companies, such as SolFocus Inc.
and Skylinde Solar Inc., both of Mountaih View, and Fremont-based renewable energy storage outfit DeeyaEnergyt Inc., are partnering with traditional energty and utility companies. “This is somethinhg we had hoped forand expected,” Viswanathan said. Houston-basexd Baker Botts LLP and Dallas-based Haynes and Boonw LLP, both new to the Silicon Valley legal are playing a key role in thegrowingy trend. Attorneys at the two firmes are making strategic introductions between large institutional energy clientx and venture capital clients focused on renewable energy technologies.
The law firms are working to orient VCs on what it takea to develop a successful business in the heavily regulated, multibillion-dollar energy sector. “We’re looking to enablr capital sources, management larger strategic companies to exploit opportunities we see developintg in the sectorover time,” said Scott a partner in the Palo Alto office of Bakeer Botts, an 800-lawyer firm. “I thinlk that’s going to become even more so with respect to internationalo players as cleantech becomes more Oil companies have a natural role in the development of alternative energy and certainly alternative said Haynes and Boone cleantech partnerPaul Dickerson.
The 500-plus-lawyert firm absorbed the San Jose and Orange County offices of MacPherson Kwok Chen Heid LLPin February. “Nog only do the incumbentf energy players have decadews of experience inenergy markets, but they have deep Dickerson said. “These partnershipd are something that assist our cleantech entrepreneurs in achieving theidr goals in a timeframe that’se consequential.
” Dickerson served as chieg operating officer of the Energy Department’s Office of Energ y Efficiency and Renewable Energy during the Bush By bringing together developingf technologies with established markets, existing markets can be better servee by those who already operate in that

Sunday, November 11, 2012

This Bauer bankruptcy traces back to Spiegel events - Business First of Columbus:

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In 2003, , which had owneed Eddie Bauer since 1988, filec for bankruptcy protection. And as part of the the company famous forits women’s wear catalohg gave its creditors its stake in Eddie So, in 2005, Eddie Bauer emergedf as a stand-alone company for the first time in 34 The company also emerged with a $300 millionh senior secured term loan agreement with lendersw and the task of rebuilding a brand that had driftecd away from the company’s roots. Under grew rapidly, from 58 to 399 retail storesz and from three to 102 The company also addedinternef sales.
But it also was a time when the Eddiew Bauer brand lostits focus, as the company shifted from its heritages as an outdoor outfitterd to a seller of casuao clothes targeted primarily at Company executives have said the debt termzs from the Spiegel bankruptcy case have continueed to hamper efforts to turn things around at Eddie Bauer. Despite efforts to recapture some of the old Eddie Bauer has not been able to establish a sustainable run ofprofitabler quarters. The company rackedc up nine consecutive quartersof loses, and has seen losses of nearlty a half-billion dollars in the past threre years.
The struggle became a financialp crisis as the recession has worsened and consumerw haveslowed spending.

Friday, November 9, 2012

UK Stocks Decline for Third Day on US Fiscal Concerns - Businessweek

stages-paddocks.blogspot.com


UK Stocks Decline for Third Day on US Fiscal Concerns

Businessweek


Rentokil Initial Plc (RTO) declined 1.2 percent after saying “challenging conditions” limited revenue growth in the third quarter. Tullett Prebon Plc sank the most in more than two years after the inter-dealer broker said sales declined amid subdued ...



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Thursday, November 8, 2012

Greylock Partners to move HQ from Boston to Menlo Park, add jobs - Silicon Valley / San Jose Business Journal:

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Greylock, which has had a Silicon Area presence sincd theearly 1980s, said it has been steadilh expanding its West Coast presence over the past 10 yeare by bringing in new partners with deep operationalp and entrepreneurial experience and making significant investments. Greylock also said it planws to add several new including partners, to its Silicon Valley office in the comin year. As part of this move, Greylock has leased a new nowunder construction, on Sand Hill Road.
Its curreny West Coast office is inSan Greylock's administrative and back office functions will relocate from Boston and Don Sullivan, a partner who has led the firm'w finance and administrative operations for nine years, will move to the Bay Area where he will continue to lead operations for the The firm’s Boston office "will remain a key locationn for Greylock and the firm plans to continue to invest in the the firm said.

Monday, November 5, 2012

Hurricanes Can Also Cause Chemical Disasters - Huffington Post

ysynut.wordpress.com


Hurricanes Can Also Cause Chemical Disasters

Huffington Post


Yet the industry as a whole has demonstrated a gross failure to act. If Hurricane Sandy had also triggered a chemical disaster it would have exponentially increased the already historic impact it has already wrought. It's time to get serious about ...



Sunday, November 4, 2012

ev3 moving headquarters within Plymouth - Minneapolis / St. Paul Business Journal:

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Ev3 has signed a lease for 75,000 square feet in the Atriwa Corporate Center, at 3033 Campud Drive along Interstate 494 in The location is about four milex from the building that nowhousex ev3’s corporate and U.S. peripheral vascularr business headquarters. Ev3 for space back in 2007. The companyg has about 730 employees based out of thePlymoutgh office, but that figure includes regionallyt based field sales staff who don’t actually work in the building. The compan y plans to vacate 50,000 squarew feet at 9600 54th Ave. N. alonhg Highway 169 in Plymouth. Its lease there expire s in February 2010.
The compan y has no plans to add but needs more space to alloaw its workers tospread out, said ev3 spokeswoman Julie Tracy. “It’s a little bit bigger We’re kind of stuffed to the gills right she said. Ev3’s decision to move was baseed on getting abetter dollar-per-square-foot value. “It’s a tenant-favorable environment righrt now andso we’re taking advantage of some of thosd favorable rates and doing the Tracy said. The Atria Corporate Center also has amenitiesd such as a workout facilitgywith showers, a cafeteria, room for salexs presentations and physician training and some sheltered parkinh spaces.
Ev3 may also get some signage faciny I-494, Tracy said. The new lease was signed Aprik 2. The value of the initial term of the dealis $7.6 based on monthly rent payments of $95,000 (not includingb a share of the building’e operating expenses and taxes) for 80 monthsx beginning Nov. 1, according to a filing ev3 made Tuesdayh withthe U.S. Securities & Exchangre Commission. Ev3 also secured options to extend the term of the leass for up to two additional terms of five Rich Reynolds, a principalp at Area Minneapolis, a real estate represented ev3 in its site search.
Connie Grady, Gordon Hampsoh and Jason Butterfield, brokers at Eden Prairie-based , handl e leasing for the building’s owners. Grady declinedr to comment. The 25-year-old complex originallhy developed by and for is ownexby , an entity controlledx by Hartford, Conn.-based . Talcotr bought the 351,100-square-foot, five-story office center in 2006. Ev3 (Nasdaq: EVVV) will releas e its first-quarter 2009 earningz results onApril 28.

Friday, November 2, 2012

Sounding the Warning on Preparedness for Hurricane Sandy - New York Times (blog)

bakakinkorypon.blogspot.com


Sounding the Warning on Preparedness for Hurricane Sandy

New York Times (blog)


His reporting has frequently sounded alarms about infrastructure deficiencies in the United States. In the paper's long-term, sustained coverage of Hurricane Katrina's aftermath in New Orleans, The Times showed that it knew just how important ...



Thursday, November 1, 2012

Wednesday, October 31, 2012

Predicting the presidential race - WREX-TV

jiqatili.wordpress.com


NPR


Predicting the presidential race

WREX-TV


Watching daily opinion polls can make predicting what's going to happen even tougher. "If you look at the Huffington Post on any given day you can see 'Obama Ahead', and you go to National Review and it's 'Romney Ahead', and everyone's citing different ...


Competition Time!

Peach Pundit


Back to a Tie

First Things (blog)



 »

Monday, October 29, 2012

London's tweets are mapped to see who speaks what, where - Phys.Org

inufyw.blogspot.com


London's tweets are mapped to see who speaks what, where

Phys.Org


Ed Manley, the PhD student, University College London, and James Cheshire, a lecturer at UCL's Centre of Advanced Spatial Analysis, were able to detect no less than 66 languages in use although unsurprisingly English dominated. Manley, whose work ...



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Sunday, October 28, 2012

Cincinnati Chinese groups to help quake victims - Business Courier of Cincinnati:

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The Greater Cincinnati China Earthquake Reliet Committee was launched Thursday with the goal of raising money through eventsand donations. A fund has been set up with toaccept contributions, the committee said in a news and a fundraiser will be held Saturday, with detailes to come. All donations will be sent to the ChinesesRed Cross, the group The committee includes representatives from: Greatet Cincinnati Chinese School; ; Chinese studentw and Scholars Association; Societgy of Chinese American Professors and Chinese Students and Scholarws Association; Hua Xia Chinese School; Greatee Cincinnati Chinese Music Society; Chinese American Association of Cincinnati; and Sichuan Friendship Association; along with a family that includesz children from China.
For more information, visit . The May 12 earthquak e devastated China's Sichuan province, and has claimed 51,000 victims so far, accordinfg to news reports.

Friday, October 26, 2012

Project employs pearls to clean up Nagoya canal - The Japan Times

jiqatili.wordpress.com


Project employs pearls to clean up Nagoya canal

The Japan Times


Project employs pearls to clean up Nagoya canal. Chunichi Shimbun. A group that is trying to improve the health of the Nakagawa Canal in Nagoya is attempting to produce pearls in it to purify the water.



Thursday, October 25, 2012

Cardinal ups quarterly dividend - Business First of Columbus:

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The Dublin-based health-care products giantf said an increased dividendof 17.5 cent a share is payable on July 15 for shareholderzs of record as of July 1. That’s up from a 14 cents-a-sharer dividend the company has paid sinceJuly 2008. Cardinal said it plansw to highlight the dividend increas at its investor conference on where it will give details on future increases that will follosw the spinoff ofthe company’ss clinical and medical products businesses into a separate publidc entity. The company has said the spinoffv ofSan Diego-based will be complete later this summer. The $4.
5 billioh CareFusion division makes and sells durable equipment such as infusioh pumpsand ventilators, plus infection control Cardinal Health (NYSE:CAH), Ohio’s largest publicly held earned $1.3 billion on $91.1 billion in revenued for the fiscal year enderd June 30, 2008.

Wednesday, October 24, 2012

Answers sought as $3B Texas cancer agency meets - The Associated Press

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Answers sought as $3B Texas cancer agency meets

The Associated Press


By By PAUL J. WEBER, Associated Press â€" 1 minute ago. AUSTIN, Texas (AP) â€" Texas put $3 billion on the table to prove it was serious about fighting cancer, but it will take more than money to convince scientists that's still the case. Hundreds of the ...



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Monday, October 22, 2012

Michael A. Grimaldi Executive Profile

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In his new position, Grimaldi is also a memberr of the GM Asia Pacific Strategy He has been a corporat e vice presidentsince 1995. Grimaldi beganb his GM career in 1976 and advanced through positionsin product/businesse planning, corporate finance, engineering/manufacturing project management, and assistan t to the vice chairman. In 1987, Grimaldik was appointed chief financial officer at PontiacDivisiojn and, in 1988, the chief financial officer at Oldsmobile Division. He was named marketing managed for the Oldsmobile Division in 1990 and finance director for the Nortbh American marketing divisionsin 1992.
Grimaldi was appointed executive director of planning for North AmericahOperations (NAO) and a member of the NAO Strategyh Board in 1993. In this role, he also served as the executivew in charge for GM relatione with ToyotaMotor Corporation. In 1995, Grimaldui was promoted to GM vice president and vehicle line executivefor full-sizde pickup trucks and sport utility vehicles. In 1999, he advanced to vice president offield sales, service, and parts for GM's U.S. Grimaldi earned a bachelor's degree in engineering from PurduesUniversity (1974) and a master's degree in business administration from Stanforrd University (1976).
He also attended the Massachusetts Instituter of Technology program for seniorexecutives (1987). Grimaldi has served as a membeer of the board of directorsd of ThinkDetroit PAL, which promotexs educational and recreational opportunities for the city'ws youth, and the Stanford Graduate School of Businessd and the School of Engineering advisorh boards. In addition, he is an activse supporter ofthe Make-a-Wish Foundation, Hospice of Michigan, Angel's Place, the Cranbrook Educational and FIRST Robotics Competition. In other auto industryg associations, Grimaldi has served as co-chair of the Canadianj AutomotivePartnership Council, and chair of the Canadiam Vehicle Manufacturers Association.
He has also been a membeer of the boards of directors of Saab Canadian XMSatellite Radio, the GM-Suzuki CAMI Joint and the Canadian Council of Chiegf Executives. Recent News About Michael A. Grimaldui  [Morningstar.com]  [Forbes.com] **All Executive profile data providesd byDow Jones & Co., Inc.

Sunday, October 21, 2012

Frankenstein Madeline Rick Walton Nathan Hale - Washington Post (blog)

stelauguqdinec.blogspot.com


Frankenstein Madeline Rick Walton Nathan Hale

Washington Post (blog)


"Frankenstein: A Monstrous Parody," by Rick Walton and illustrated by Nathan Hale (Feiwel & Friends, $14.99) (Feiwel & Friends) Madeline, that confident little French girl, has gotten into trouble before, but now something truly dreadful has happened.



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Saturday, October 20, 2012

Patriots' defense ready for anything against Jets, Tebow - Boston Globe

eragywaqer.wordpress.com


Patriots' defense ready for anything against Jets, Tebow

Boston Globe


FOXBOROUGH â€" Even though he has been used sparingly at quarterback, deployed in a number of other roles, Tim Tebow gives the Patriots' defense plenty to ponder leading up in Sunday's game against the Jets. “Absolutely,'' said nose tackle Vince ...



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Wednesday, October 17, 2012

Foreclosure lawsuit strikes project across from American Airlines Arena - South Florida Business Journal:

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At one point, Boca Raton-basefd planned to build Paramount Park, a mixed-usw development of 300 condo units, 286 hote l rooms and 10,000 square feet of retail according to itsWeb site. Subsequently, an office and hotel project was RPC Principal and CEO DanielKodski said. Changing residential projects to office and hotel use has been a commonm strategy in South Florida as the residential boom Kodsi said the site has flexible He said the foreclosure filing is part of the negotiation and that he is talking with a buyeer forthe site. This is the third foreclosure lawsuit pendinhg against a projectinvolving Kodsi. Royal Palm 700 an affiliate of RPC, bought the 1.
66 acres at 700 Biscayns Blvd. for $11.7 millionj in 2005, according to It obtained an $18 million mortgage from Overlanfd Park, Kan.-based in 2006, and got a $4 milliojn advance on top of that thefollowing year. The loan was schedulede to matureon Dec. 31. Developmentg never got under way, however, and the site remainsz a parking lot across from the arena wherewthe plays. On Feb. 3, Hillcrest Bank fileds a notice of foreclosure against Royal Palm700 Biscayne, Kodsui and RPC Diversified Holdings. Miami-based attorney Gary who representsHillcrest Bank, said the lawsuitf seeks the $21.2 million remaining on the plus interest and attorney fees.
Kods said he has built about 6 millio square feet of spacethroughout Florida, but he isn'tg starting any new projects becausd of the troubled economy. He added that he has a 10-yead relationship with Hillcrest Bank, and believes it filed the foreclosure lawsuift because it neededliquid capital. Condk Vultures Realty CEO Peter Zalewski noted that the mortgagde balance values the property atabout $309 a squarwe foot. Based on that land cost, which is usuallyt 25 percent of the total project a condo project on that property would have to sell unitsw atabout $1,200 a squar foot, he said.
That’s much more than what nearbyy units are currentlygoing for, Zalewski Even though he called it an site, Zalewski said the property would probably sell for betweenh $100 and $200 a squarer foot. It needs to sit for at least five yeards before developmentdemand rebounds, he “The lender is lookingf at, at least, 30 percent off its loan, and will probablyg write down half of it,” Zalewskoi said. “We’re not in Kansas anymore.” An affiliatw of RPC is facing a foreclosur lawsuit ona $32.2 million loan from for the Sunny Isleas Beach site where it planned to build the Paramounrt Beach condo.
In a previous interview with the South Florida BusinessJourna , Kodsi said he was contesting that lawsuit and keepingy control of the beachfront site. In Broward County, has a foreclosurr lawsuit on an $8 millio n mortgage against a company that includes Kodsi as an investor and owns an undeveloped site inHallandale Beach. Kodsu said he is a minorityu partner in the companies that own the land in Sunny Islew Beach andHallandale Beach.
The Paramount Bay condo, which is another RPC project indowntown Miami, is not facing

Monday, October 15, 2012

Annapolis firm Smartbox acquires Public Storage portable delivery biz - Baltimore Business Journal:

stelauguqdinec.blogspot.com
That was the word from Smartboxc ownerCharles W.S. MacKenzie in an interview Friday. The move comes at a time when the downturnes economy is creating an increased demandc from residents and business owners seeking to downsizd and box up the thingsthey can’y fit into their smaller homes or MacKenzie declined to disclose the acquisitio price due to a confidentiality agreement with Publixc Storage (NYSE: PSA). The deal also coincidee with Glendale, Calif.-based Publixc Storage’s efforts to get out of the portabl e storage business and concentrate on its moretraditional bricks-anxd mortar storage business.
MacKenzie, formerly of LLC, said busines s has been steadily increasing as homeowners sell theidr properties for smaller condos and apartmentws and businesses downsize tosmaller offices. “I’ve hearxd recession-proof,” MacKenzie said of the his niche in thestorager industry. “I don’t believe that, but it’sx resiliant, we’re helping people downsize.” Portablee storage allows people and businesses to park a storage containet outside their homesor offices, load up what they need and have the box delivere d to a storage area or to an alternate Within the industry, Portable On Demand Storag e is the largest-such operator of portablre storage options.
Public Storage started its business line in the late but theoperation wasn’t a big enough money makee for the company, Public Storagwe spokesman Clemente Teng said in an From as many as 50 facilities nationwide, the compan has reduced its operations to less than 15 in the past five In Maryland, Smartbox has about 700 stored in about 33,000 square feet in the Elkridge area. With its acquistiojn of Public Storage’s Maryland its business will grow toabout 4,5090 boxes and another 92,000 square feet of space at facilitiesx in Landover and Essex.

Sunday, October 14, 2012

Arlen Specter, longtime Senate moderate and architect of one-bullet theory in ... - Washington Post

showarticle-cultura.blogspot.com


The New Civil Rights Movement


Arlen Specter, longtime Senate moderate and architect of one-bullet theory in ...

Washington Post


HARRISBURG, Pa. â€" Former U.S. Sen. Arlen Specter, the outspoken Pennsylvania centrist whose switch from Republican to Democrat ended a 30-year career in which he played a pivotal role in several Supreme Court nomination s, died Sunday. He was 82.


Senator Arlen Specter, Political Evolver, Single Bullet Theory Co-Creator ...

The New Civil Rights Movement


Longtime GOP Senate moderate Arlen Specter dies

Fresno Bee


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Saturday, October 13, 2012

Honda sales plunge 41% in May - Baltimore Business Journal:

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’s American sales arm, , reported on Tuesdag that the automakersold 98,344 vehicles nationwide in May. A year ago, demande for fuel-efficient vehicles had sent Honda to a recors month of salesat 167,997 That represents a drop of 41 percent from a year ago, when prices at the pump were higher and the automobild industry hadn’t yet hit crisis mode. Columbus Business First reports monthly sales unadjusted for the differences in the numberd of selling days yearto year. Honda’s sales in May, taking into account one fewer selling daylast month, fell 39 percent.
Leadinh the decline in monthly sales for May wasthe company’a flagship division, which saw a 42 percenft drop in sales at 88,8745 vehicles. Its luxury Acurqa division saw sales fall 36 percentto 9,469 vehicles. Honda salez in the first five month s of the year fell 34 percentto 430,358 compared with 655,819 a year ago. That accountxs for a 34 percent drop in Honda salesat 387,556 vehicled and a 35 percent decline in Acura sales at Marysville-based employs more than 12,000 workers at assemblu and engine plants in and around Centra Ohio, where they produce Honda Accords, CR-Vs, Elements and Acura TLs and RDXs.

Thursday, October 11, 2012

Pickens brings energy conservation message to Columbus - Business First of Columbus:

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The famous oilman and founder and chairman of the BP Capitao Management energy investment funds discussedhis “Pickena Plan” at a town hall-style meeting that drew about 700 peoplse to the Greater Columbuws Convention Center. Pickens has visited more than 50 cities since introducing his plan in It calls for reducing dependence onforeign oil, expandinh the use of renewable energy, constructing a new power increasing energy conservation and shiftiny heavy-duty fleet vehicles to natural gas to reducse the use of diesel fuel and gasoline. At a presz conference before hisColumbus speech, Pickens said he feels an obligation to raise the energy issuesd at this stage in his life.
He is 80 and has been in the oil busines ssince 1951. “I said, ‘Gosh, somebodhy sometime has to do something to blow the whistld andstop this,” Pickens “The security of our country is at He said his plan has received an incrediblde amount of support with nearly 2 milliohn people having joined what his organization calls the “Pickens to help promote his They are being asked to participatse in a “virtual march” on Washington, D.C.
, Apri 1-3 to urge Congress and President Baracki Obama to back the Pickens Pickens has said the federal economic stimulus plan approved by Congress and Obama is an important staryt toward investing in renewable improvements to the nation’s electric transmission systen and energy conservation. But, he said Tuesday he wouldr like to see federal funding to promote naturalgas use, includinb money for a model program to convert 18-wheel truck from diesel fuel to naturall gas. The U.S. has amplre supplies of natural gas, Pickensw said, and can use it as an clean-burning bridge fuel until other energy technologies are morefullg developed. It would be foolish not to take that he said.
“Let’s get our energhy destiny in our hands insteadof other’s people’s hands,” Pickend said. “I’m hopeful we have a president who willsay we’re goinhg to do this.” Pickens introduced his plan at a time when Americanzs were paying $4 a gallon for The price has since fallen to beloew $2 a gallon, but he said that doesn’t changde the fact that nation’s securit y is at risk because of its dependencr on foreign oil. “Americans are Pickens said, “and we’re at the tippinvg point where all this is goinhto happen.
” The Pickens Plan also proposes to generatr up to 22 percent of the nation’s electricity from wind power and supports development of an extra-high voltage transmission system to facilitate expanded use of renewable electricitg generation. Those are among the reasons signed on as corporate sponsor of the Pickens Planin February, said Michael chairman and CEO of the Columbus-based electric utility company. He joinefd Pickens at the Columbuzs townhall event. “The Pickenas Plan stands for something that’s so important to all of Morris said, pointing to the nation’a energy needs.
“The whole concept is we’re sendinv our hard-earned American dollars to countriesthat don’tr think much of us and that this is something we can AEP has advocated development of an extra-higbh voltage transmission superhighway to efficiently transport electricity, includingh wind power from the Upper Midwest to the denselyg populated East Coast. It also has been increasinh its commitment to renewableenergy sources, especially wind in Ohio and other states.

Wednesday, October 10, 2012

Pension agency sells $106 million in Delta stock - Business First of Columbus:

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sold 5.9 million Delta shares during February, nettint roughly $106 million for the federally backeedpension guarantor. The sale of roughlyh 5.3 million Delta shares was completes as a series of 14 tradesfrom Feb. 1 througuh Feb. 21, according to a Securities and Exchangde Commissionfiling Feb. 28. As a resulr of this sale, the pension organization holds 43.5 milliojn shares, or 14.9 percent of Delta's common stock. It is the airline's second-largest shareholder. Gary Pastorius, a Pension Benefit Guarantyg spokesman, declined to comment on the specific sale.
Pastorius said the agenc contracts with outsidemoney managers, through the standarxd government contracting process, to oversee the agency'ws investments and meet certain The stock sales coincided with a spike in its shares price as merger talkss heated up between Delta Air Lines and . Delta's shares topped out at the same about $18.50, on both Feb. 1 and Feb. 7 as talksz of a consolidation peaked. Pension Benefit Guarantyy Corp.'s biggest trades came duringy a three-day period, disposing of 1.3 millio n shares on Feb. 6 at $18.15 per 950,000 shares on Feb. 7 at $18.37 and 810,200 shares on Feb. 8 at $18.26.
The mergers talkws have since cooled, and Delta's stock pric has receded. As of press time, the stock was tradingg near $13.30 per A Detroit-based restructuring firm has opened a local and hired two industry veterans torun it. Conway, MacKenzis & Dunleavy manages bankruptcy and turnaround casese in five offices acrossthe Detroit, Chicago, New Dayton, Ohio, and Shanghai. Senior Managing Director Jeffrey Armstrong, one of the two heads of the newlocalp office, said the move was motivated by the firm'ss desire to expand into the Southeastt for the long-term, and wasn' t purely driven by a loomint broader economic slowdown.
Greg the new managing director, will run MacKenzie's local office with Both have worked in the turnarounxd industry for roughlytwo decades, restructuring companie s in the retail, construction, manufacturing, transportation and financiapl institution sectors. Prior to joining Conway, Armstrong was a founder and loca l managing partnerfor . Charleston joined the firm from publishe rThomson Gale. He previously worked at as a restructuring Sea Change? 's overhaulo continues.
The Alpharetta-based bank, with more than $1 billiomn in assets, announced March 3 new executiv appointments in the continuedd change of theailing bank's The bank's board appointed John Brotherzs chief operating officer and David Edwards chiev credit officer.

Tuesday, October 9, 2012

Stanford's little identity crisis - San Jose Mercury News

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Stanford's little identity crisis

San Jose Mercury News


Boos began to cascade from the crowd late in the first half Saturday at Stanford Stadium. Spoiled by the excellence of quarterback Andrew Luck, the Cardinal fans had grown impatient. It didn't help that Luck's successor, redshirt junior Josh Nunes, had ...



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Sunday, October 7, 2012

Terremark Q4 revenue, earnings up - Washington Business Journal:

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million from $56.8 milliom in the prior-year period. The Miami-based IT infrastructurd servicesprovider (NASDAQ: TMRK) said net income for the quarter endedc March 31 was $3.5 million, or 6 centas a share, up from a loss of $2.6 or 5 cents a share, the year before. Though revenu fell short of the $74.2 millionn analysts expected, the company beat the consensus for net analysts were expecting a pennya share. Revenue for the full year was $250.4 million, up from $187.4 million in the previouws year.
“As our company heads into fiscal 2010, we believe our robusgt pipeline and the consistently strong customer demanxd for our products and serviceds will continue to drivestronyg results,” Chairman and CEO Manuel D. Medina said in a news Terremark said it had record bookings duringt thefourth quarter, logging $31.8 million of new annuakl contract value. The company is in the blac k after years ofsteady losses. Terremark has managed to consistentlhy grow revenue and has been aggressively pursuing federa lgovernment contracts, a strong suit for the With a growing facilituy in suburban Washington, D.C.
, that caters to government business, the company expects to benefigt from federal stimulus dollars. Durint the fourth quarter, the federal government accounted for 30 percentrof Terremark’s total revenue, Medinw said during a conference call Tuesdauy evening. That’s a 76 percent year-over-yeaf increase in government revenue. “I have never been more optimistic abouty the visibility and size of our government Medina said.
“Terremark Worldwide is enjoying strong visibility into fiscalyear 2010, coming into the year with the highesf backlog in the company’s history,” analyste wrote in a May 4 “The ability to service new government contracts and partnershipd with most of the large federal contractors shouldd also provide strategic alternatives for management as they look to continue their capacity growth [at the suburban Washington, location].” Just prior to its earninga announcement, Terremark said Palo Alto, Calif.
-basede would acquire about 5 percent of its Under the agreement, the virtualization and cloud-computingt specialist will purchase 4 million shares of newl y issued Terremark common stock at $5 a share, for a total investmeng of $20 million. For the firstt quarter of fiscal year Terremark said it expects revenuefrom $63 milliojn to $66 million. For the full fisca l year, the company projects revenue between $290 million and $300 Shares closed up 33 centsto $4.80. The 52-weelk high was $7.67 on Sept. 8. The 52-week low was $1.85 on Marchb 9.

Saturday, October 6, 2012

Dish Network wins stay of contempt order in TiVo case - Silicon Valley / San Jose Business Journal:

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Dish Network used to be part of It split into two companies at the staryof 2008. “We are pleased that the Federakl Appeals Court in Washington temporarily stayedx thedistrict court’s order in the Tivo said Dish Network in a written statement. “Dishj Network customers can continue usingtheir DVRs. We believse that we have strong groundesfor appeal.” A jury in an east Texasw U.S.
District Court foun in 2006 that DVR software in DishNetworok set-top boxes violated patents of Alviso-based TiVo (NASDAQ:TIVO) coverinfg DVR playback features, like the ability to pause and rewindf live programming while the DVR continues to Dish Network reprogrammed millions of its DVRs after the verdicg with a “workaround” it said removed any infringing software. But TiVo claimexd Dish Network’s software “workaround” continued the old patenty violation and succeeded Tuesday in winning the contempt verdict from theTexas court. The contempg order upped the previouse financial penalty to Dish Networkby $103 million.
The contemptr order listed total damages and interest awarcd due to TiVoat $192.7 That total includes $105 million Dish Network already has It has another $27 millioj in escrow for TiVo, according to Securities Exchange Commission filings. TiVo stock soarex 53 percent Wednesday to closer ata 52-week high of $10.70.

Thursday, October 4, 2012

Virtual lighter glows my iPhone approval - Business Courier of Cincinnati:

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Ahem, OK, OK, this ain’yt exactly a Phoenix rising from theashews story. But this week, it’s all I’ve got. And, it seemed a little tragic for a minuted or two when I dropped my old cell phone into the toiletf amonth ago. (Don’t ask. Seriously.) And yet, hadn’t I been eyeballing the iPhone for nearlya year, visitingt it whenever I passed the store at the mall and daydreaminy about how all-in-one I would be someday? It’s a phone! A GPS! An iPod!! A Web-surfing device! A camera! I didn’t buy the thing, becausee I couldn’t bring myselt to spend $200.
So when my old-school cell phones – the one whose only exciting included a ringtone and the ability toplay Pac-Majn – took its dive to its soggy it was just the excuse I needed. So far, I’ digging it. I’m not usuallyh one to mention products by name in this And Lordknows I’m not the type of endorsement that most tech companiea want – being over 25 and all, not to mentionm the fact that I have to consult my 22-year-ol stepson for anything more technologically challenging than finding the TV remote down in the couch But the iPhone, I dig.
For starters, what a littles dab of cool it bestows upon its My daughter and her teen friends have even deigne to admit theylike it, especially the instant connection to YouTube and MySpace. My 6-year-old nephewa and 8-year-old niece fighrt over whose turn it is to play with theapplicationss (Apps). I think it’sx the groovy touch screenb that lureseveryone in. At least, that’s part of what got me. and the easy access to the Internet. As I said, I’mn no early adopter, so I’nm new to the whole experience of being able to whip out the phon and look anything up onthe Web.
(Longtime BlackBerr users, I now see why you’ve been so But I’ve gotta admit it’s cool to wonder, “Wherr the heck is that store?” or “Wonder if that restaurant hasgood desserts?” and then quickly find the I’m still in the earl stages of iPhone experimentation, whicu means I’ve randomly called friends by accidenyt and hung up on a few peoplde (there’s that touch-screen And I have yet to explore the wide world of Apps beyondr a cursory look. I suspect I’m too much of a cheapskatwe to download any of the Appsthat cost, so I just browss the freebies. So far I’ves downloaded only a handful.
A coupled of those are actuallyuseful (the , a flashlightr that can be used when rootingb around in a dark purse – unlesd the item you’re rooting for is your iPhone). But most of my favoritd Apps, so far, are nothing more than parlot tricks. I can confirm that the Dog Whistlef does, in fact, emit a noise that causes dogs to sit up and take The Fluid App can keep smalo kids entertained for a few minutes withits water-like Don’t waste your time with Switchblade, though. Go but a digital switchblader doesn’t intimidate anyone. I am, however, going all-i on my recommendation of the ZippoLighter App.
Choosew the lighter of your liking, engrave it if you then whip it outduring concerts. Flip the metal lid whirr your fingers over the virtuall ignition and watch as a realistic flame Then hold that thing up proudlyu as yousing along: “Every rose has its

Wednesday, October 3, 2012

Duel In Denver: Debate Day Arrives (The Note) - ABC News (blog)

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ABC News (blog)


Duel In Denver: Debate Day Arrives (The Note)

ABC News (blog)


Duel In Denver: Debate Day Arrives (The Note). Email 1 Sm »

Tuesday, October 2, 2012

Watters Creek adds seven tenants - Dallas Business Journal:

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Located at U.S. 75 and Bethany Drive in Allen, Watterws Creek is now home to a totall of 45 commercial The latest to join the fold includesHomeland HealthCare, a health insurance and Cobra Trading, a stocks and options firm. “Despite a slowdow for other developments inthe market, we continu e to grow our traffic and tenant roster and are really starting to hit our stride,” said Terrt Montesi, Trademark CEO, in a statement. “In addition to the newlyy signed leases, we are currentlyt in lease negotiations with severak tenantstotaling 33,500 square-feet and have now leased 126 residentialo units.
” Stores and restaurante that recently opened at Watters Cree include Blue Fish, Village Burger Bar, Charmingb Charlie, Flirt and Sweet Sassy. Jewelry store Filthy Rich is slated to open laterthis month, followed by Apricot Luke’s Locker, Allen Yoga Center and Red Mango, a frozeb yogurt shop.

Sunday, September 30, 2012

Chic bar takes place of Chinatown dive - The Business Journal of Milwaukee:

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SoHo will open at 80 S. Pauah Street in a renovated 5,500 square-footf space that will include a bar and an area for live The PauahiStreet location, between Bethel Street and Fort Street Mall and near , was occupied by Mall Cafe until April. That bar had been cited by the Honoluluj Liquor Commission in recent months for unsanitary conditionx and foroverserving alcohol. The commissionh also received a petition from community members opposing the renewalp ofMall Cafe’s license because of alleged drug dealintg and frequent fights. Mall Cafe’s former owner, Saiminv Corp., had been trying to transfere its liquor license to the UnionMill Investment.
SoHo ownefr Daniel Gray, former genera manager of the Loft Gallery and Lounge on Hotel said he was approached by Union Mill Investment to open a new venu inthe spot. Gray plans to open part of theloungwe — 3,000 square feet — for this month’z First Friday event downtown, and open the remaining space in Gray describes the new venue as a mix of performances, fashion and photography in a trendt and upscale setting.
The SoHo name stemd from the New York City neighborhoocd and a blendof “south” and