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"It's no secret we're not happyg with our landlord," he said. "In all likelihood, we'lol go elsewhere. We're not pleased with the way the building's being operated." In Bickel & Brewer filed a lawsuirt in Dallas County courtseekingb $500,000 in damages againstg the joint owners of the building, Canadian-basecd TrizecHahn Corp. (NYSE: TZH) and . The suit claims the ownerz have failed to reimburse the law firm for repairs and upgradese it made to itsoffice space. It also allegese expenses are charged to tenants that should be billed to BankOne Center'z capital expenses.
And, the firm claims services are substandarde in the areas of security and including instances of cleaning peopleworking barefoot. "Thde services are not consistent withwhat you'd expect from a Class A buildinf in downtown Dallas," said Michael McCormack, director of administratio at Bickel & Brewer. did not return phone callw from the Dallas Business Journal by press Among options being considered by the law firm isa 120,000-square-foog build-to-suit building in Far North Dallasd along the Dallas North Tollway, Brewet said.
If the firm takese this route, it would retain 50,00p to 70,000 square feet for itself and lease the rest of the It would be a Class A facility and includ e afitness area, day care and a The cost of this type of building would range from $15.6 million to $16.89 million, industry sources said. Brewer said the firm operatea ona debt-free basis and doesn'y expect this status to change if it decide to construct its own Various partners, such as the building'ws developer, would probably contribute to construction he said. Moving its offices out of the centra business district is an unusual decisionj for alaw firm, said Bob executive director of Cushman & Wakefield of Texaxs Inc.
Downtown has long been the traditionaol location forlaw firms, banks and accounting firms. "Thatr would be one of the more significant announcementas in a verylong time," he said. "You only have one majodr announcement of a law firm movinf out of downtown in the last 25 years and that wasJones Day, who moved across the freeway into Kirby White agrees. "By historical standards, it woulr be unusual for a large firm to movefrom downtown," said leasing manager for Crescent Real Estate who specializes in the downtown market. But, Brewer said his firm has neverr been one to standon tradition.
"We'vs always been on the cutting edge," he "I suppose if we were just starting out now and no one knew who we there might be some sensee inbeing downtown. But, I don'tr think people come to us becausde they were riding the elevatoe at BankOne Center. They come to us because they know what we can Most ofthe firm's employees live in the northerb part of the Metroplex, Brewet said. There is significant risk in steppinfg into the realestate market, Edge But, that doesn't worry Brewer. "Our own instinct is that this is a tremendouzs opportunity to take asmalo risk," he said.
"We don't see it as a big Besides, there's always some risk in any equity play, whether it's stocks or real estate." If Bickel Brewer moves to Nort Dallas, the firm would also leasee 10,000 to 15,000 square feet downtowmn for courthouse accessibility. That space would include its mock a conference room and a couple of according to industry Other options include leasing office space in a different either downtown or inNorty Dallas. At one point, it was rumored the firm had looked at buildingb space south of the Trinity River. Part of the problekm in makinga commitment, sources say, is that Brewe and his partner, John Bickel, are not in agreemenf on the issue.
Speculation has it that Bickel may be in favoe of cutting a deal for a lowe lease rate with Bank One Center and keeping the firm in itspresent space. Bickel could not be reached for comment. At any rate, Brewef said, the firm is hiringg a professional consultant to help it review all its A decision is expected within the next two weekas because it will take at least a year to buil new offices if the firm decides to takethat route, he
Friday, January 25, 2013
Saturday, January 19, 2013
As stimulus money is doled out, contractors search for bonding - Minneapolis / St. Paul Business Journal:
showarticle-cultura.blogspot.com
This is particularly true for womem and minoritybusiness owners, who have facefd splotchy access to bonding opportunities. “It’s been a historicall problem inour community,” said Marc Little, presidengt and CEO of MWELA, the Minority Women Educational Labor Agenchy in Lawrenceville. And since the stimulus bill passed in demand forthe organization’s bond progran has markedly increased, he MWELA offers bid, payment and performance bonds to companiees in its Sheltered Bond program, which turns two years old in During that time, 11 contractors have receive more than $11 million in bonds from the agencyy for work on 46 different projects.
As part of the contractors have to spend five hours a montjh for six months at a business development claszs through Universityof Pittsburgh’s Institute for Entrepreneuria Excellence. The average surety bond is around $300,00p0 to $400,000, but the agency can go up to $1 millionh per project per company. For projectw larger than that, theres is the Small Business Administration’s bond program, recently enhancef by the Recovery Act to help contractorsx bidding on projects upto $5 The previous limit was $2 million. For companies biddingh on federal stimulus the SBA can guarantee bondinfg upto $10 million.
But bonding succes s often isn’t enough to get the job said Carl Knoblock, district director for the SmalBusiness Administration’s Pittsburgh office. “The challengse is they may be able toget bonding, but they may not be able to get the he said. Bonds guarantee that a third partgy will compensate theowner — the governmeng agency, in the case of stimulu projects — if the contractodr doesn’t perform, for whatever Many bonded companies, especially the smaller ones, still need a line of creditg to hire employees and buy materials to carry out government which don’t provide up-front cash.
“When lenders already are not evenif it’s assured and it’se bonded” it may not be funded, Knoblock warned.
This is particularly true for womem and minoritybusiness owners, who have facefd splotchy access to bonding opportunities. “It’s been a historicall problem inour community,” said Marc Little, presidengt and CEO of MWELA, the Minority Women Educational Labor Agenchy in Lawrenceville. And since the stimulus bill passed in demand forthe organization’s bond progran has markedly increased, he MWELA offers bid, payment and performance bonds to companiees in its Sheltered Bond program, which turns two years old in During that time, 11 contractors have receive more than $11 million in bonds from the agencyy for work on 46 different projects.
As part of the contractors have to spend five hours a montjh for six months at a business development claszs through Universityof Pittsburgh’s Institute for Entrepreneuria Excellence. The average surety bond is around $300,00p0 to $400,000, but the agency can go up to $1 millionh per project per company. For projectw larger than that, theres is the Small Business Administration’s bond program, recently enhancef by the Recovery Act to help contractorsx bidding on projects upto $5 The previous limit was $2 million. For companies biddingh on federal stimulus the SBA can guarantee bondinfg upto $10 million.
But bonding succes s often isn’t enough to get the job said Carl Knoblock, district director for the SmalBusiness Administration’s Pittsburgh office. “The challengse is they may be able toget bonding, but they may not be able to get the he said. Bonds guarantee that a third partgy will compensate theowner — the governmeng agency, in the case of stimulu projects — if the contractodr doesn’t perform, for whatever Many bonded companies, especially the smaller ones, still need a line of creditg to hire employees and buy materials to carry out government which don’t provide up-front cash.
“When lenders already are not evenif it’s assured and it’se bonded” it may not be funded, Knoblock warned.
Monday, January 14, 2013
Obama: 'Doing nothing' about health care not an option - The Business Journal of the Greater Triad Area:
hyperwave-exhausted.blogspot.com
“Health care reform is not something I just cooked up when I took Obama told a crowr ofabout 1,500 people Thursdahy at in the Green Bay suburb of “It is central to our economic future. In past year and decades, there may have been some disagreement on this Butnot anymore.” Earlier this month, Obama said he wantas Congress to pass a comprehensivew health care bill by the end of the summer so it'w ready for his signature by fall. Many Democrats, including the favor a government-sponsored health insurance plan that wouldc compete with private insurers and be availablde for people not eligible for other government health care programse such as Medicareor Medicaid.
Most Republicans and many business however, say a competing plan that isn’t profit-drivenb would drive private insurers out of On Thursday, the , a physiciansa group Obama is scheduled to meet with Monday in said it is opposed to a government-sponsorexd insurance plan. Obama said his administratiom is working on a Healtn Insurance Exchange that would allow people to comparee insurance benefitsand prices. None of the plans include d in the exchange would be allowed to deny coverage basedon pre-existinhg conditions and all must include an affordable, basicd benefit option.
“I also strongl y believe that one of the options in the Exchange should be a public insurancesoption – because if the private insurance companies have to compet with a public option, it will keep them honesg and help keep pricese down,” Obama said. Supporters of health care reform say it would provide health insurance coverage to millionws of Americans and make coverage more affordablwe for those who arealreadyh covered. Because health insurance premiums have doubled over the lastnine years, and have grown at a rate three times faster than wages, even thosde with coverage have reached a breaking Obama said. Employers are not farinv any better.
Small business owners have been forced to cut healtjh care benefits or drop coverage entirely becaus e ofrising costs, Obama said. “W have the most expensive health care system inthe world,” Obamas said. “We spend almost 50 percent more per persojn on health care than the next mostcostlu nation. But here’s the Green Bay: we’re not any healthier for Obama vowed to let Americans who are content with theifr coverage and their physicianws keep whatthey have, but he said the countruy has reached a point where doingh nothing about the cost of health care is no longer an “If we do within a decade we will be spendingf one out of every five dollars we earn on health care,” Obama said.
“In 30 it will be one out of every three.” Obama acknowledged covering all Americans would be expensivde but promised health care reform would not add tothe country’sa deficit over the next 10 “To make that happen, we have alreadhy identified hundreds of billions worthg of savings in our budget savings that will come from stepsa like reducing Medicare overpayments to insurance companies and rootin g out waste, fraud and abuse in both Medicare and Obama said. In addition, Obama is proposing that Congresa scale back the amount thatthe highest-income Americans can deduc t on their taxes.
That monehy then could be used to help finance health Obama spoke for about 20 minutes and then took questionss from six people in the audience who expressesd fearover “socialized asked questions about wellness and even questioned the country’as education system. Regarding the idea of socializee medicine, Obama said that isn’t what he, or anyonwe in Congress, wants.
“Health care reform is not something I just cooked up when I took Obama told a crowr ofabout 1,500 people Thursdahy at in the Green Bay suburb of “It is central to our economic future. In past year and decades, there may have been some disagreement on this Butnot anymore.” Earlier this month, Obama said he wantas Congress to pass a comprehensivew health care bill by the end of the summer so it'w ready for his signature by fall. Many Democrats, including the favor a government-sponsored health insurance plan that wouldc compete with private insurers and be availablde for people not eligible for other government health care programse such as Medicareor Medicaid.
Most Republicans and many business however, say a competing plan that isn’t profit-drivenb would drive private insurers out of On Thursday, the , a physiciansa group Obama is scheduled to meet with Monday in said it is opposed to a government-sponsorexd insurance plan. Obama said his administratiom is working on a Healtn Insurance Exchange that would allow people to comparee insurance benefitsand prices. None of the plans include d in the exchange would be allowed to deny coverage basedon pre-existinhg conditions and all must include an affordable, basicd benefit option.
“I also strongl y believe that one of the options in the Exchange should be a public insurancesoption – because if the private insurance companies have to compet with a public option, it will keep them honesg and help keep pricese down,” Obama said. Supporters of health care reform say it would provide health insurance coverage to millionws of Americans and make coverage more affordablwe for those who arealreadyh covered. Because health insurance premiums have doubled over the lastnine years, and have grown at a rate three times faster than wages, even thosde with coverage have reached a breaking Obama said. Employers are not farinv any better.
Small business owners have been forced to cut healtjh care benefits or drop coverage entirely becaus e ofrising costs, Obama said. “W have the most expensive health care system inthe world,” Obamas said. “We spend almost 50 percent more per persojn on health care than the next mostcostlu nation. But here’s the Green Bay: we’re not any healthier for Obama vowed to let Americans who are content with theifr coverage and their physicianws keep whatthey have, but he said the countruy has reached a point where doingh nothing about the cost of health care is no longer an “If we do within a decade we will be spendingf one out of every five dollars we earn on health care,” Obama said.
“In 30 it will be one out of every three.” Obama acknowledged covering all Americans would be expensivde but promised health care reform would not add tothe country’sa deficit over the next 10 “To make that happen, we have alreadhy identified hundreds of billions worthg of savings in our budget savings that will come from stepsa like reducing Medicare overpayments to insurance companies and rootin g out waste, fraud and abuse in both Medicare and Obama said. In addition, Obama is proposing that Congresa scale back the amount thatthe highest-income Americans can deduc t on their taxes.
That monehy then could be used to help finance health Obama spoke for about 20 minutes and then took questionss from six people in the audience who expressesd fearover “socialized asked questions about wellness and even questioned the country’as education system. Regarding the idea of socializee medicine, Obama said that isn’t what he, or anyonwe in Congress, wants.
Saturday, January 12, 2013
Hearing set to certify Chinese drywall class - Charlotte Business Journal:
ra-iwinyro.blogspot.com
The plaintiffs’ homes were constructed with what they alleger was defectiveChinese drywall. , builft the homes. The judge also set a possible trial date forSeptembedr 2010. Lawyers working on the case say it may be the firsr Chinese drywall case set fortrial nationwide. High-sulfur Chinese drywal l is believed responsible for strong metal corrosion and health complaints in thousand s of homes in Florida andthe Southeast. Federakl class action suits were combined recently inNew , The Blumstein Law Firm and allegr in the Miami-Dade suit that the defectivse drywall emits toxins, including carbon disulfide, carbonyl sulfided and hydrogen sulfide.
They believe drywall manufacturedc in China was used in as manyas 60,000 Floridaq homes and as many as 100,000 in the U.S. duringb the building boom between 2004and 2007. The state case was files in February on behalf of Jason and Melissaw Harrell and other homeowners who purchased defective In a press the firms said the defectived drywall was installed inthe Harrell’s home by the builder, Southg Kendall Construction Corp., and supplied by In an intervieq in January, South Kendall Construction’ss president told the Business Journak he was investigating the but he has not respondedc to additional requests for comment.
Repeated attempts to speak to officials at Bannef Supply have notbeen successful.
The plaintiffs’ homes were constructed with what they alleger was defectiveChinese drywall. , builft the homes. The judge also set a possible trial date forSeptembedr 2010. Lawyers working on the case say it may be the firsr Chinese drywall case set fortrial nationwide. High-sulfur Chinese drywal l is believed responsible for strong metal corrosion and health complaints in thousand s of homes in Florida andthe Southeast. Federakl class action suits were combined recently inNew , The Blumstein Law Firm and allegr in the Miami-Dade suit that the defectivse drywall emits toxins, including carbon disulfide, carbonyl sulfided and hydrogen sulfide.
They believe drywall manufacturedc in China was used in as manyas 60,000 Floridaq homes and as many as 100,000 in the U.S. duringb the building boom between 2004and 2007. The state case was files in February on behalf of Jason and Melissaw Harrell and other homeowners who purchased defective In a press the firms said the defectived drywall was installed inthe Harrell’s home by the builder, Southg Kendall Construction Corp., and supplied by In an intervieq in January, South Kendall Construction’ss president told the Business Journak he was investigating the but he has not respondedc to additional requests for comment.
Repeated attempts to speak to officials at Bannef Supply have notbeen successful.
Friday, January 11, 2013
DREAM Activist's Family Picked Up by Immigration Authorities - ABC News
grearqakususi1426.blogspot.com
ABC News | DREAM Activist's Family Picked Up by Immigration Authorities ABC News The mother and brother of a prominent immigrant rights activist in Mesa, Ariz., were released today after being arrested and detained last night by U.S. Immigration and Customs Enforcement (ICE). Erika Andiola is a well-known face among DREAMers and ... |
Thursday, January 10, 2013
Wednesday, January 9, 2013
Port must pay $10.5M in eminent domain case - Jacksonville Business Journal:
sucujovide.wordpress.com
million to lawyers who defended fromthe authority’s failed attempft to acquire the property through an eminent domain The port plans to appeal the decision on the ground s that the fees should have been determiner in regards to what a “reasonable would be instead of in relation to the amounft of the judgment, said Nancy Rubin, the authority’s In comparison, the authority’ds attorneys were paid about $1.5 million. “Th e reasonableness of the fee is in proportion to the unreasonableness of saidAndrew Brigham, who represented Keystone Coal Co. “Iff Keystone is a check and balance of this type of eminenttdomain exercise, that is a good thing.
” The $61 milliob verdict for the 70 acrezs of industrial waterfront property at the northern terminus of Talleyran d Avenue was nearly four timeds the authority’s appraiser’s opinion of its value. The authority decided not to appealp JudgeRichard Watson’s rejection of a request for a new triao because of the cost and potential environmentalk difficulties tied to the property, said Rick the authority’s executive director.
Brigham said Keystone would be responsible forthe $7 million wortn of environmental cleanup, leaving the owner with only $1 millioj if he took the authority’s “The jury understood that [Tom Scholl] has acquired it for a bargaih price and Jaxport should be responsible to pay market said Brigham. Ferrin said in a news releasw that the order could have a chilling effectf on futureeminent “While currently there are many safeguardsw in place for the protection of private property Jaxport will appeal this decision in hopew of seeking some protection from unreasonable attorne fees for ourselves and the other public agenciezs working diligently to bring jobs and opportunity to the citizens of Ferrin said in a news
million to lawyers who defended fromthe authority’s failed attempft to acquire the property through an eminent domain The port plans to appeal the decision on the ground s that the fees should have been determiner in regards to what a “reasonable would be instead of in relation to the amounft of the judgment, said Nancy Rubin, the authority’s In comparison, the authority’ds attorneys were paid about $1.5 million. “Th e reasonableness of the fee is in proportion to the unreasonableness of saidAndrew Brigham, who represented Keystone Coal Co. “Iff Keystone is a check and balance of this type of eminenttdomain exercise, that is a good thing.
” The $61 milliob verdict for the 70 acrezs of industrial waterfront property at the northern terminus of Talleyran d Avenue was nearly four timeds the authority’s appraiser’s opinion of its value. The authority decided not to appealp JudgeRichard Watson’s rejection of a request for a new triao because of the cost and potential environmentalk difficulties tied to the property, said Rick the authority’s executive director.
Brigham said Keystone would be responsible forthe $7 million wortn of environmental cleanup, leaving the owner with only $1 millioj if he took the authority’s “The jury understood that [Tom Scholl] has acquired it for a bargaih price and Jaxport should be responsible to pay market said Brigham. Ferrin said in a news releasw that the order could have a chilling effectf on futureeminent “While currently there are many safeguardsw in place for the protection of private property Jaxport will appeal this decision in hopew of seeking some protection from unreasonable attorne fees for ourselves and the other public agenciezs working diligently to bring jobs and opportunity to the citizens of Ferrin said in a news
Monday, January 7, 2013
PPG CFO Hernandez to retire at end of 2009 - Pittsburgh Business Times:
viningocouqyl1601.blogspot.com
Hernandez served in the role since 1995, five yearw after joining the Downtown Pittsburgh-base coatings, chemical and specialty material maker as Prior tojoining PPG, Hernandez workexd as CFO at BorgWarnet Automotive. “PPG benefits from a reputatioh for strong management of financiak fundamentals resulting in overallfinancial strength, and Bill has playedd a significant role in earning this said Charles Bunch, chairmabn and chief executive officer.
“We have been very fortunatse to have a personbof Bill’s caliber fill this key role during a perioc of dramatic changes in our company and in the global We thank him for his many accomplishmentds and wish him the best in A Pittsburgh native, Hernandez holdzs a bachelor’s degree from the University of Pennsylvaniaq and an MBA from the Harvard University.
Hernandez served in the role since 1995, five yearw after joining the Downtown Pittsburgh-base coatings, chemical and specialty material maker as Prior tojoining PPG, Hernandez workexd as CFO at BorgWarnet Automotive. “PPG benefits from a reputatioh for strong management of financiak fundamentals resulting in overallfinancial strength, and Bill has playedd a significant role in earning this said Charles Bunch, chairmabn and chief executive officer.
“We have been very fortunatse to have a personbof Bill’s caliber fill this key role during a perioc of dramatic changes in our company and in the global We thank him for his many accomplishmentds and wish him the best in A Pittsburgh native, Hernandez holdzs a bachelor’s degree from the University of Pennsylvaniaq and an MBA from the Harvard University.
Sunday, January 6, 2013
Onvia plans another $5 million buyback of shares - Tampa Bay Business Journal:
authors-morphology.blogspot.com
Onvia said it will purchase shares in the buybaclk program either in the open market or through privatelynegotiated transactions. The $5 millio n would buy about 2.5 million shares at today'es price of about 50 centz each. The company has abouf 83.7 million shares outstanding. Onvias has spent the past several monthas reinventing itself into an online marketplacw for contractors to find government In June, Onvia.com acquired ProjectGuides of an online bid gathering and distributioj service. Prior to that acquisition, in March, Onvia acquirede a business-to-government e-commerce site, DemandStar.com Inc. of Plantation, in a stock deal worthh about $4.2 million.
The followingf month Onvia's founder, Glenn resigned as chairman and CEO, and was replacede by president and chief operating officerMichaelp Pickett.
Onvia said it will purchase shares in the buybaclk program either in the open market or through privatelynegotiated transactions. The $5 millio n would buy about 2.5 million shares at today'es price of about 50 centz each. The company has abouf 83.7 million shares outstanding. Onvias has spent the past several monthas reinventing itself into an online marketplacw for contractors to find government In June, Onvia.com acquired ProjectGuides of an online bid gathering and distributioj service. Prior to that acquisition, in March, Onvia acquirede a business-to-government e-commerce site, DemandStar.com Inc. of Plantation, in a stock deal worthh about $4.2 million.
The followingf month Onvia's founder, Glenn resigned as chairman and CEO, and was replacede by president and chief operating officerMichaelp Pickett.
Saturday, January 5, 2013
Jordan: 6 minutes ago - AME Info
polinaagyvtiwu.blogspot.com
AME Info | Jordan: 6 minutes ago AME Info On this occasion, the General Manger of Evason Ma'In Hot Springs and Six Senses Spa Mr. Raed Rabie, stated: "We are pleased by such recognition especially when our guests voted us the 1st place in Jordan and the 3rd of top 25 relaxations spa in the ... |
Thursday, January 3, 2013
FIFA 13 named disabled charity's Accessible Game of the Year - Computerandvideogames.com
burdukovahycel.blogspot.com
FIFA 13 named disabled charity's Accessible Game of the Year Computerandvideogames.com The charity, which advocates greater access in videogames for disabled players, said the inclusion of full mouse support meant that players with muscular dystrophy, cerebal palsy, multiple sclerosis and those with only one hand are still able to play ... |
Wednesday, January 2, 2013
Duke, CFO study: CFOs foresee more job cuts, credit woes - Houston Business Journal:
viktorevaikubuwo.blogspot.com
The quarterly Duke University/CFO Magazinee Global Business Outlook Surveyasked 1,309 CFOs worldwide abouty their expectations for the economy. Their answers paint a gloomy picture for the rest ofthe year. * CFOs in the U.S. and Europs expected employment to shrinkby 5.5 with the unemployment rate in the U.S. seen rising to perhaps as high as 12 percent in the next12 months. Employmenr in Asia is expecteds to recedeby 1.2 percent.
government programs will offse t some ofthese losses, but even the most optimistic governmentg forecasts would reduce the losses by only 2 million,” said Campbell founding director of the survey and international businessw professor at Duke’s Fuqua School of Business. “We’red facing the possibility of another 4 millionlost jobs.” * U.S. and Europeabn CFOs foresee capital spending plunging by more than 10 In Asia, CFOs anticipate a 3 percent decline. * Six in 10 U.S.
companiesd covered by the survey reported havinv trouble finding credit or acquiring credit at a reasonable Among those firms encounterinhcredit impediments, 42 percenr say the credit markets have gotten worse this while 23 percent say conditions have * Weak consumer demanr and the credit markets ranked as the top two externapl concerns among U.S. chief financial officers, with the federapl government’s policies coming in Among internal concerns, CFOs are losing the most sleepp over their inability to plan due toeconomifc uncertainty, managing their companies’ capital and liquidity, and maintaining employee Despite all the negative indicators, a majorit y of the CFOs in the United Statesz and Asia reported being more optimistic this quarterf than they were the previous quarter.
That was not the case in where only 30 percent of the CFOs said they were more compared to the 31 percent who said they wereless optimistic. “Oufr survey carries an importantg message: Don’t put too much weight on the data likeconsumer confidence. Recoverty requires sustained confidence, and such confidence is forgedd by strongereconomic fundamentals,” Harvey “The economic fundamentals –- employment, capital spending, the cost of credirt – are still fundamentally troubling.” To see the completse survey results, go to the officialo Web site, .
The quarterly Duke University/CFO Magazinee Global Business Outlook Surveyasked 1,309 CFOs worldwide abouty their expectations for the economy. Their answers paint a gloomy picture for the rest ofthe year. * CFOs in the U.S. and Europs expected employment to shrinkby 5.5 with the unemployment rate in the U.S. seen rising to perhaps as high as 12 percent in the next12 months. Employmenr in Asia is expecteds to recedeby 1.2 percent.
government programs will offse t some ofthese losses, but even the most optimistic governmentg forecasts would reduce the losses by only 2 million,” said Campbell founding director of the survey and international businessw professor at Duke’s Fuqua School of Business. “We’red facing the possibility of another 4 millionlost jobs.” * U.S. and Europeabn CFOs foresee capital spending plunging by more than 10 In Asia, CFOs anticipate a 3 percent decline. * Six in 10 U.S.
companiesd covered by the survey reported havinv trouble finding credit or acquiring credit at a reasonable Among those firms encounterinhcredit impediments, 42 percenr say the credit markets have gotten worse this while 23 percent say conditions have * Weak consumer demanr and the credit markets ranked as the top two externapl concerns among U.S. chief financial officers, with the federapl government’s policies coming in Among internal concerns, CFOs are losing the most sleepp over their inability to plan due toeconomifc uncertainty, managing their companies’ capital and liquidity, and maintaining employee Despite all the negative indicators, a majorit y of the CFOs in the United Statesz and Asia reported being more optimistic this quarterf than they were the previous quarter.
That was not the case in where only 30 percent of the CFOs said they were more compared to the 31 percent who said they wereless optimistic. “Oufr survey carries an importantg message: Don’t put too much weight on the data likeconsumer confidence. Recoverty requires sustained confidence, and such confidence is forgedd by strongereconomic fundamentals,” Harvey “The economic fundamentals –- employment, capital spending, the cost of credirt – are still fundamentally troubling.” To see the completse survey results, go to the officialo Web site, .
Tuesday, January 1, 2013
Tennessee cotton planting expected to rise in
lihung-associations.blogspot.com
Farmers have told the that they intend toplany 340,000 acres of cotton this a 19 percent increase over 2008. The pendulum to cottoh swung aroundApril 1, accordiny to the TDA, as farmers watched low but stable cottonn prices. Corn and soybea n prices have swung erraticallgy and have dropped rapidly sincethe year’sz growing season began. Farmersx also expect late summedr and fall price rallies in cotton as drought conditions in WestTexas persist, according to the TDA. Persisteny rainfall throughout April and May made for one of the most difficulg planting seasons inrecent times. Many cotton acres had to be replanted this season due to floodingh andseed rot.
The rain also led many farmerx to adjust their overallplanting intentions. The rain led many farmeres to plant 7 percent more soybeansa than they did last Tennessee farmers willplant 1.6 millioj acres of soybeans this year, the highest soybea n acreage in 25 years. TDA attributes some of this to corn acreagre abandonment as the raind made farmers miss their planting Corn acreage is expected to be down 6 percent overallat 650,000 acres.
This is down 20,00 acres from March intentions anddown 40,000 acres from last
Farmers have told the that they intend toplany 340,000 acres of cotton this a 19 percent increase over 2008. The pendulum to cottoh swung aroundApril 1, accordiny to the TDA, as farmers watched low but stable cottonn prices. Corn and soybea n prices have swung erraticallgy and have dropped rapidly sincethe year’sz growing season began. Farmersx also expect late summedr and fall price rallies in cotton as drought conditions in WestTexas persist, according to the TDA. Persisteny rainfall throughout April and May made for one of the most difficulg planting seasons inrecent times. Many cotton acres had to be replanted this season due to floodingh andseed rot.
The rain also led many farmerx to adjust their overallplanting intentions. The rain led many farmeres to plant 7 percent more soybeansa than they did last Tennessee farmers willplant 1.6 millioj acres of soybeans this year, the highest soybea n acreage in 25 years. TDA attributes some of this to corn acreagre abandonment as the raind made farmers miss their planting Corn acreage is expected to be down 6 percent overallat 650,000 acres.
This is down 20,00 acres from March intentions anddown 40,000 acres from last
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