Cliff-jumping with Barack Washington Post Why are Republicans playing the Democrats' game that the “fiscal cliff†is all about taxation? House Speaker John Boehner already made the preemptive concession of agreeing to raise revenue. But the insistence on doing so by eliminating deductions ... |
jueves, 29 de noviembre de 2012
Cliff-jumping with Barack - Washington Post
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miércoles, 28 de noviembre de 2012
Portland Meadows, Multnomah Greyhound Park sold to L.A. company - Portland Business Journal:
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(Nasdaq:MIEC) announced July 5 that it has signed agreementxs to operate both tracksin Ore. Magna Entertainment ("MEC") is a racetrack-operatingh subsidiary of the automotive parts manufacturerMagnaz International. In November of last year, the Business Journalk reported thatSanta Monica, Calif. -basedd MEC was interested in acquiringthe tracks, making it the sixtgh track owned by the company. MEC's flagship racetrack, Sant a Anita Park, leads the list of five tracksx in four states owned by billionairdeFrank Stronach's company priore to this purchase.
The agreemenr signed yesterday allows MEC to operate the Portlan d Meadows racetrack subject tocertain conditions, includingt the receipt of various regulatory approvals. In MEC has agreed to acquire the operationa of Multnomah Greyhound Park fromArthur McFadden, also subjecyt to regulatory approvals. Upon acquisition of the operations of thegreyhounrd park, MEC will lease the underlying land from MEC, one of the largesg operators of horse racetracks in the Unitedd States, acquires, develops and operates tracks and related pari-mutuelp wagering operations, including OTB's and owns and operatess a national account wagering system called Go to for more Portland Meadowes news.
(Nasdaq:MIEC) announced July 5 that it has signed agreementxs to operate both tracksin Ore. Magna Entertainment ("MEC") is a racetrack-operatingh subsidiary of the automotive parts manufacturerMagnaz International. In November of last year, the Business Journalk reported thatSanta Monica, Calif. -basedd MEC was interested in acquiringthe tracks, making it the sixtgh track owned by the company. MEC's flagship racetrack, Sant a Anita Park, leads the list of five tracksx in four states owned by billionairdeFrank Stronach's company priore to this purchase.
The agreemenr signed yesterday allows MEC to operate the Portlan d Meadows racetrack subject tocertain conditions, includingt the receipt of various regulatory approvals. In MEC has agreed to acquire the operationa of Multnomah Greyhound Park fromArthur McFadden, also subjecyt to regulatory approvals. Upon acquisition of the operations of thegreyhounrd park, MEC will lease the underlying land from MEC, one of the largesg operators of horse racetracks in the Unitedd States, acquires, develops and operates tracks and related pari-mutuelp wagering operations, including OTB's and owns and operatess a national account wagering system called Go to for more Portland Meadowes news.
martes, 27 de noviembre de 2012
Burgess: Property tax losses
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The Miami-Dade County property appraiser released its preliminaruy tax rollinformation Monday, with all four taxinyg jurisdictions – fire rescue, the unincorporated area and Miami-Dade overall – seeinvg a decline. The countywide decrease comparingv preliminary tax numbers from year to year shows a 9perceng decrease, or a total of $22.55t billion.” “These losses would have been worss if not for new construction that was addec to the property tax roll as of Jan. 1,” Counthy Manager George Burgess said in a memo sent tocountyh commissioners. North Bay Village took the biggest hit, down 20.2 percen from 2008 levels. Homestead saw an 18.
2 percen t decline, followed by Normandy Shores, down 17.5 percent, and Aventurz which was down 17.3 percent. Golden Beach and the tiny city of Islandia saw no Medley sawa 1.5 percent drop while Biscayne Park saw a 4 percent decline. Click for the full Staffers reviewed property tax rolls going back to 1985 and foune that 1993 saw taxable value shrinjby 2.9 percent, or $1.9 “Even in 2008, when we absorbed the impac t of doubling the homestead exemption from $25,000 to $50,000, the propertgy tax roll was relatively Burgess explained in the memo.
“These losses in property tax roll values are Burgess warned of a lot more pain on the using the last two years as a barometer of what is For the secondconsecutive year, Miami-Dade faced a $200 millionj budget gap in the last fiscal year. Core services were kept intactr bytightening belts, but assuming the same tax rate adopted for the estimated ad valorem revenues for fiscapl year 2009-10 would shrink by $174.1 according to the memo.
Taking into account the impact of normal inflationargy growth and theeconomic slowdown, combined with the non ad valorek revenue sources, results in property tax subsidizedr operations facing a budget gap of $350 milliojn to $400 million, Burgess said. “We are workingg diligently to prepare a proposedx budget forFY [fiscal year] 2009-1 that to the extent possible, preserves essential services and minimize service impacts to our he wrote in the memo. “However, closing a budgetary gap of this size will requirde some verydifficult decisions.
”
The Miami-Dade County property appraiser released its preliminaruy tax rollinformation Monday, with all four taxinyg jurisdictions – fire rescue, the unincorporated area and Miami-Dade overall – seeinvg a decline. The countywide decrease comparingv preliminary tax numbers from year to year shows a 9perceng decrease, or a total of $22.55t billion.” “These losses would have been worss if not for new construction that was addec to the property tax roll as of Jan. 1,” Counthy Manager George Burgess said in a memo sent tocountyh commissioners. North Bay Village took the biggest hit, down 20.2 percen from 2008 levels. Homestead saw an 18.
2 percen t decline, followed by Normandy Shores, down 17.5 percent, and Aventurz which was down 17.3 percent. Golden Beach and the tiny city of Islandia saw no Medley sawa 1.5 percent drop while Biscayne Park saw a 4 percent decline. Click for the full Staffers reviewed property tax rolls going back to 1985 and foune that 1993 saw taxable value shrinjby 2.9 percent, or $1.9 “Even in 2008, when we absorbed the impac t of doubling the homestead exemption from $25,000 to $50,000, the propertgy tax roll was relatively Burgess explained in the memo.
“These losses in property tax roll values are Burgess warned of a lot more pain on the using the last two years as a barometer of what is For the secondconsecutive year, Miami-Dade faced a $200 millionj budget gap in the last fiscal year. Core services were kept intactr bytightening belts, but assuming the same tax rate adopted for the estimated ad valorem revenues for fiscapl year 2009-10 would shrink by $174.1 according to the memo.
Taking into account the impact of normal inflationargy growth and theeconomic slowdown, combined with the non ad valorek revenue sources, results in property tax subsidizedr operations facing a budget gap of $350 milliojn to $400 million, Burgess said. “We are workingg diligently to prepare a proposedx budget forFY [fiscal year] 2009-1 that to the extent possible, preserves essential services and minimize service impacts to our he wrote in the memo. “However, closing a budgetary gap of this size will requirde some verydifficult decisions.
”
domingo, 25 de noviembre de 2012
336 General Motors Fairfax workers take early buyout - Kansas City Business Journal:
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GM spokesman Tony Sapienza said Thursdaty thatthe Detroit-based company (NYSE: GM) is pleasedd with the buyout offer’s “This is a significant milestone of progress toward our restructuring plan,” Sapienza said. “Ultimately, this is goinvg to lead to a stronger company.” Jeff president of , said that the Fairfaxc plant hasabout 2,400 union workers and about 2,700 total, which means that about 14 percent of the plant’as union workers accepted the offer. They have until March 31 to changtheir minds. The number of takers was “pretty close to what we Manning said.
GM said in a releases that it will fill job openingxs with current employeeswhenever possible, as stipulated in the GM-UAWa National Labor Agreement. At plants where new employees are GM will hire individuals atthe entry-levell wage and benefit structure. In 2006, abouty 34,000 hourly employees left GM through itsattritiohn program. In 2008, another 19,000 hourly employees left the Thursday’s announcement brings the totao hourly reduction to slightly more than GM was foundedin 1908.
It manufactures cars and trucks in34
GM spokesman Tony Sapienza said Thursdaty thatthe Detroit-based company (NYSE: GM) is pleasedd with the buyout offer’s “This is a significant milestone of progress toward our restructuring plan,” Sapienza said. “Ultimately, this is goinvg to lead to a stronger company.” Jeff president of , said that the Fairfaxc plant hasabout 2,400 union workers and about 2,700 total, which means that about 14 percent of the plant’as union workers accepted the offer. They have until March 31 to changtheir minds. The number of takers was “pretty close to what we Manning said.
GM said in a releases that it will fill job openingxs with current employeeswhenever possible, as stipulated in the GM-UAWa National Labor Agreement. At plants where new employees are GM will hire individuals atthe entry-levell wage and benefit structure. In 2006, abouty 34,000 hourly employees left GM through itsattritiohn program. In 2008, another 19,000 hourly employees left the Thursday’s announcement brings the totao hourly reduction to slightly more than GM was foundedin 1908.
It manufactures cars and trucks in34
sábado, 24 de noviembre de 2012
Bakery boosts its output - Birmingham Business Journal:
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The South's largest and fastest hamburger-bun maker - a majore supplier of Wendy's, along with Burger King and Shoney'sw - will spend $2.3 million for new equipment and demolition of an old to be replaced by a new storage facilityand offices. The site is at Ninty Avenue North and 16th alongside Interstate 59 just west ofthe Birmingham-Jeffersonm Convention Complex. Purchased in 1999 by Floweras Bakeries Group, a unit of Ga.-based Flowers Foods Inc.
, Home Bakin g will add a third baggingb andsealing machine, increasing production from 130 buns a minutw to 140, says president Carter With three around-the-clock shiftws operating the plant 24 hours a day, "that'zs a lot of buns comingh through here," Wood says. A new tray-stacking machine will be An aging 15,000-square-foot warehouse used for engineering and manufacturing will be demolisheed and replaced with ametal building, whichu will serve as storage and office space. A contractor has not been Design will bedone in-house. Lamaf Hudgins of Southern DE Inc.
is engineer on the Wood expects work to begin during thefirst "We've laid it out in stagez so we'll be finished in the fourth he says. Serving 1,000 Wendy's Home Baking makesz only hamburger buns, which allows it to proclaim itsel as the fastest and largest such producerf inthe South, Wood says. Home Bakintg makes 4-inch and 4.5-inch hamburger buns for more than 1,0009 Wendy's restaurants, from Key West to New Orleans, from Nashville to Fla. The company also makes 4-incjh and 5-inch buns for Flowers' Tuscaloos a plant, which distributes them to some 100 Burger King restaurantw in north andcentral Alabama. Home Baking also makes buns for Shoney'es throughout the South.
The company employs 128 full-time and contracgt workers. Dr. Stanley Rubenstein, a Birmingham-basefd franchisee who owns 15 Wendy's in centrakl Alabama, says there is good reasob forHome Baking's success. The company always meetsw Wendy's strict requirements, which includde personal inspections ofmeat processors, farms that grow and bakeries that make buns, he "They (Home Baking) are reallty proactive," says Rubenstein, a customer for 27 "We have never had a reporft on Home Baking. They're perfecr every time." Rubenstein says his store managerx don't even have to plac e an order. "They just come in and take inventorty of our bun freezef and stock whatwe need.
We never run out," he He also praises Home Baking's charitable such as providing free hamburger buns to the Communit y Kitchen operated by GraceEpiscopal Church. Home Bakinb was founded in 1920 by Tom Stevens and movexd in 1970 to itscurrent site. Flowers bought the facility in 1999 from theStevensz family. Wood, 56, the company president, spent most of his career with Flowerz in its Opelika bakery inLee County. He move to Birmingham in 1991 torun Flowers' sales officd and was promoted from vice president of sales to presideng of the bakery at the time of the sale.
Nature's Own In addition to Home Flowers' Bakeries Group includes specialty breads, buns and rolls sold under the brandnamed Sunbeam, Nature's Own and Cobblestones Mill. The 26 bakeries in 17 states generated morethan $1.1 billio in sales in 2003, according to the company'zs Web site ( .) Flowers' specialty group make snack cakes and pastries under the Mrs. Freshley's and BlueBird
The South's largest and fastest hamburger-bun maker - a majore supplier of Wendy's, along with Burger King and Shoney'sw - will spend $2.3 million for new equipment and demolition of an old to be replaced by a new storage facilityand offices. The site is at Ninty Avenue North and 16th alongside Interstate 59 just west ofthe Birmingham-Jeffersonm Convention Complex. Purchased in 1999 by Floweras Bakeries Group, a unit of Ga.-based Flowers Foods Inc.
, Home Bakin g will add a third baggingb andsealing machine, increasing production from 130 buns a minutw to 140, says president Carter With three around-the-clock shiftws operating the plant 24 hours a day, "that'zs a lot of buns comingh through here," Wood says. A new tray-stacking machine will be An aging 15,000-square-foot warehouse used for engineering and manufacturing will be demolisheed and replaced with ametal building, whichu will serve as storage and office space. A contractor has not been Design will bedone in-house. Lamaf Hudgins of Southern DE Inc.
is engineer on the Wood expects work to begin during thefirst "We've laid it out in stagez so we'll be finished in the fourth he says. Serving 1,000 Wendy's Home Baking makesz only hamburger buns, which allows it to proclaim itsel as the fastest and largest such producerf inthe South, Wood says. Home Bakintg makes 4-inch and 4.5-inch hamburger buns for more than 1,0009 Wendy's restaurants, from Key West to New Orleans, from Nashville to Fla. The company also makes 4-incjh and 5-inch buns for Flowers' Tuscaloos a plant, which distributes them to some 100 Burger King restaurantw in north andcentral Alabama. Home Baking also makes buns for Shoney'es throughout the South.
The company employs 128 full-time and contracgt workers. Dr. Stanley Rubenstein, a Birmingham-basefd franchisee who owns 15 Wendy's in centrakl Alabama, says there is good reasob forHome Baking's success. The company always meetsw Wendy's strict requirements, which includde personal inspections ofmeat processors, farms that grow and bakeries that make buns, he "They (Home Baking) are reallty proactive," says Rubenstein, a customer for 27 "We have never had a reporft on Home Baking. They're perfecr every time." Rubenstein says his store managerx don't even have to plac e an order. "They just come in and take inventorty of our bun freezef and stock whatwe need.
We never run out," he He also praises Home Baking's charitable such as providing free hamburger buns to the Communit y Kitchen operated by GraceEpiscopal Church. Home Bakinb was founded in 1920 by Tom Stevens and movexd in 1970 to itscurrent site. Flowers bought the facility in 1999 from theStevensz family. Wood, 56, the company president, spent most of his career with Flowerz in its Opelika bakery inLee County. He move to Birmingham in 1991 torun Flowers' sales officd and was promoted from vice president of sales to presideng of the bakery at the time of the sale.
Nature's Own In addition to Home Flowers' Bakeries Group includes specialty breads, buns and rolls sold under the brandnamed Sunbeam, Nature's Own and Cobblestones Mill. The 26 bakeries in 17 states generated morethan $1.1 billio in sales in 2003, according to the company'zs Web site ( .) Flowers' specialty group make snack cakes and pastries under the Mrs. Freshley's and BlueBird
viernes, 23 de noviembre de 2012
International Emmy Awards Hit New York, Honors Past and Present - New Tang Dynasty Television
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International Emmy Awards Hit New York, Honors Past and Present New Tang Dynasty Television The best of International television and media was honored at Manhattans Hilton Hotel. Winners included: In the category of Arts Programming- Songs of War,Germany..DarÃo Grandinetti, Best Actor Television , Argentina. Telenovela's , The Illusionist ... 40th Intl Emmy Award winners announced |
miércoles, 21 de noviembre de 2012
PNM given nod to raise rates - New Mexico Business Weekly:
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The New Mexico Public Regulation Commission on Thursdahy approveda $77.1 million increasee of non-fuel base electrixc revenues for PNM. The increase will be implemented in two phasesz startingJuly 1. For the averagde residential PNM customer, the 9.7 percent increass equals $4.71, said PNM spokeswoman Susamn Sponar. The first part of the hike in averaging $2.11 per month, goes into effecgt July 1. The second raise, averagingh $2.60 per residential customer, will show up on the Aprip 2010PNM bills. The Commission’ws approval was the result of an agreement, or reached earlier this year.
The Commission’z order also allows PNM’s continued use of a fuel and purchasee power costadjustment clause, or FPPCAC, with certaij revisions. The approved stipulated rates resul t in an implied return on equityof 10.5 percenyt on a rate base of $1.5 according to a news release. The prepared statement from PNM’sd parent, (NYSE: PNM), reported that the new rates are expectedx to improve 2009consolidated after-tax earnings by approximately $11.33 million, or $0.12 per diluted share.
“Reaching an agreement and obtaining Commission approval regarding this rate increase is the latesyt step in our ongoing efforts to ensurwe adequate recoveryof PNM’s costs and restoring shareholdet value,” said Jeff Sterba, PNM Resources chairman and CEO. “Moving forward, PNM must continuallhy ensure its rates are aligned withservicd costs. We have launched numerous initiatives to help customerw save money and manage our expensexs while preparing for a future that will have additional renewableenergy resources, rising fuel costes and limits on green-housde gas emissions.
” On Tuesday, the PRC gave the nod to another stipulatiomn that allows PNM to designate the Luna Energy Facility and the Lordsburg Generating Stationh as jurisdictional plants to served retail customers. Moving those plants from PNM’sa merchant fleet to the retail portfolio, rather than building new PNM says will save its customera morethan $140 million during the next 20 years.
The New Mexico Public Regulation Commission on Thursdahy approveda $77.1 million increasee of non-fuel base electrixc revenues for PNM. The increase will be implemented in two phasesz startingJuly 1. For the averagde residential PNM customer, the 9.7 percent increass equals $4.71, said PNM spokeswoman Susamn Sponar. The first part of the hike in averaging $2.11 per month, goes into effecgt July 1. The second raise, averagingh $2.60 per residential customer, will show up on the Aprip 2010PNM bills. The Commission’ws approval was the result of an agreement, or reached earlier this year.
The Commission’z order also allows PNM’s continued use of a fuel and purchasee power costadjustment clause, or FPPCAC, with certaij revisions. The approved stipulated rates resul t in an implied return on equityof 10.5 percenyt on a rate base of $1.5 according to a news release. The prepared statement from PNM’sd parent, (NYSE: PNM), reported that the new rates are expectedx to improve 2009consolidated after-tax earnings by approximately $11.33 million, or $0.12 per diluted share.
“Reaching an agreement and obtaining Commission approval regarding this rate increase is the latesyt step in our ongoing efforts to ensurwe adequate recoveryof PNM’s costs and restoring shareholdet value,” said Jeff Sterba, PNM Resources chairman and CEO. “Moving forward, PNM must continuallhy ensure its rates are aligned withservicd costs. We have launched numerous initiatives to help customerw save money and manage our expensexs while preparing for a future that will have additional renewableenergy resources, rising fuel costes and limits on green-housde gas emissions.
” On Tuesday, the PRC gave the nod to another stipulatiomn that allows PNM to designate the Luna Energy Facility and the Lordsburg Generating Stationh as jurisdictional plants to served retail customers. Moving those plants from PNM’sa merchant fleet to the retail portfolio, rather than building new PNM says will save its customera morethan $140 million during the next 20 years.
martes, 20 de noviembre de 2012
Smile transplant for stroke sufferers 'not routinely funded' by NHS - Telegraph.co.uk
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Telegraph.co.uk | Smile transplant for stroke sufferers 'not routinely funded' by NHS Telegraph.co.uk Smile transplant for stroke sufferers 'not routinely funded' by NHS. Smile transplants should be given to patients suffering paralysis after a stroke or other medical conditions but the NHS is refusing the fund the 'cosmetic' treat ment. Smile ... |
domingo, 18 de noviembre de 2012
Symantec Tames IT Risk Management With Control Compliance Suite 11 - eWeek
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eWeek | Symantec Tames IT Risk Management With Control Compliance Suite 11 eWeek Released this summer, Control Compliance Suite 11 from Symantec is aimed at helping enterprises manage the complex requirements set forth by governance, risk and compliance (GRC) management, a technology segment that has brought confusion and ... |
sábado, 17 de noviembre de 2012
Finland shooting spree leaves 3 people dead only days after parliament ... - Guardian Express
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Finland shooting spree leaves 3 people dead only days after parliament ... Guardian Express The newly amended Gun Control Act approved by the Finnish Parliament on Oct. 27 strictly limits the purchase and possessing of pistols and revolvers by Finnish citizens, and raises the minimum age requirement for purchase and possessing of gun licenses ... |
viernes, 16 de noviembre de 2012
Mercyhurst men's hockey players stay mindful of proper nutrition, rest - GoErie.com
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Mercyhurst men's hockey players stay mindful of proper nutrition, rest GoErie.com Mercyhurst men's hockey players stay mindful of proper nutrition, rest. By VICTOR FERNANDES, Erie Times-News victor.fernandes@timesnews.com. Advertisement. Mercyhurst University men's hockey coach Rick Gotkin hopes his players ate properly and ... |
miércoles, 14 de noviembre de 2012
Paul Wolfe initially said no to Keselowski's offer - NBCNews.com
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NBCNews.com | Paul Wolfe initially said no to Keselowski's offer NBCNews.com Formula One, the world's most popular motorsport, is trying once again to conquer its final frontier: the United States. This time, the Europeans aim to make it stick. Paul Wolfe initially said no to Keselowski's offer · NASCAR's Keselowski can't tweet ... |
martes, 13 de noviembre de 2012
UPDATE 3-EU, IMF clash over Greece revives debt crisis fears - Reuters
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Globe and Mail | UPDATE 3-EU, IMF clash over Greece revives debt crisis fears Reuters Euro zone, IMF clash over debt/GDP target times. * Euro zone finance ministers to meet again next week. * France sees bailout money flowing by end-Nov. * Euro slides, safe haven German debt rises. By Jan Strupczewski and Annika Breidthardt. BRUSSELS ... European Stoc ks Climb as Investors Weigh Greece's Debt Greece Avoids Default With T-Bill Auction |
lunes, 12 de noviembre de 2012
Litigation says Wells targeted blacks for subprime loans: report - Orlando Business Journal:
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The City of Baltimore is suing Wellsa Fargo over its mortgage lending practices in black The city claims thatthe bank’s mortgage practices eventually pushed several home owners into costing the city millions in service and lost taxes. “This lawsuit absolutely lacks said Wells spokesman Chris Hammond inSan Francisco. “Wells Fargo’sd lending practices did not cause foreclosuress or any of the many broad problems the City of Baltimor e claims are impacting itshousing market.
” The New York Timeas reported Sunday that another Wells Fargo loan officee said in an affidavig that employees had referred to blacks as “mud and to subprime lendiny as “ghetto loans.” Hammond “We absolutely do not tolerate team members treatinbg our customers or others disrespectfully or unfairly, or who violated our ethics and lending policies. “Wde have principles, systems and processezs team members must follo w that ensure race is never a factor in the pricingf or productswe offer,” Hammon said.
“We have worked extremely hard to make homeownership possiblee formore African-American borrowers and for all customerd segments, and we have done so fairly and
The City of Baltimore is suing Wellsa Fargo over its mortgage lending practices in black The city claims thatthe bank’s mortgage practices eventually pushed several home owners into costing the city millions in service and lost taxes. “This lawsuit absolutely lacks said Wells spokesman Chris Hammond inSan Francisco. “Wells Fargo’sd lending practices did not cause foreclosuress or any of the many broad problems the City of Baltimor e claims are impacting itshousing market.
” The New York Timeas reported Sunday that another Wells Fargo loan officee said in an affidavig that employees had referred to blacks as “mud and to subprime lendiny as “ghetto loans.” Hammond “We absolutely do not tolerate team members treatinbg our customers or others disrespectfully or unfairly, or who violated our ethics and lending policies. “Wde have principles, systems and processezs team members must follo w that ensure race is never a factor in the pricingf or productswe offer,” Hammon said.
“We have worked extremely hard to make homeownership possiblee formore African-American borrowers and for all customerd segments, and we have done so fairly and
sábado, 10 de noviembre de 2012
YRC Worldwide wants to modify Teamsters labor agreement - Kansas City Business Journal:
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The Overland Park-based trucking compangy (Nasdaq: YRCW) said late Wednesday that discussions with the will look at ways tolowefr YRC’s cost structure and maintain operating capital. “Enterinv into discussions with the Teamsters is anothee important step in our overall plan to strengthen our financialk position during this difficulteconomicx climate,” YRC Chairman and CEO Bill Zollarss said in the release.
“We have made progressx with various stakeholders, includinb our pension plan trustees and our banklendinv group, to modify agreements, and we are gratefull to the Teamsters for thei r willingness to consider further adjustments to our contracts to help reducew our cost structure and enable us to be competitive with others in our Hints of the move came late last week, aftedr a meeting of representatives from Teamsters freight locals. Accordingb to the Web site of , a unionh reform organization, the union proposed that the national contract with YRC be amendedd to defer pension payments for aboutg14 months, which would save YRC nearlg $500 million.
The proposal includedc YRC getting more bank credit and hiring aturnaround consultant. Uniob members would have to vote regardingg changes to thelaboe agreement. The negotiations, to take place at the Washington headquarters, “are aimed at addressing short-term operating cash needs,” the Teamsters said in a The union will reach out to stakeholders that includ the pension fundsand banks.
“We are enterin these negotiations with the expectationthat (YRC’s) banksa and other stakeholders will also cooperatw in helping solve the company’s immediate cash needs,” Tyso Johnson, Teamsters National Freigh Division director, said in the , union members agreed to a 10 percent wage cut and suspension of cost-of-livinb adjustments in exchange for a 15 percent stake in the YRC also has been negotiating with union pension fundsa to defer payments using companh real estate as collateral — a move its lendera allowed — with the largesrt pension fund to defer $83 million in payments.
YRC, which has about 49,000 employees, also has been sellingh property and laying off workers tomaintain liquidity. It lost $257.r million in the first YRC ranks No. 2 on the Kansasz City BusinessJournal ’s list of area publif companies.
The Overland Park-based trucking compangy (Nasdaq: YRCW) said late Wednesday that discussions with the will look at ways tolowefr YRC’s cost structure and maintain operating capital. “Enterinv into discussions with the Teamsters is anothee important step in our overall plan to strengthen our financialk position during this difficulteconomicx climate,” YRC Chairman and CEO Bill Zollarss said in the release.
“We have made progressx with various stakeholders, includinb our pension plan trustees and our banklendinv group, to modify agreements, and we are gratefull to the Teamsters for thei r willingness to consider further adjustments to our contracts to help reducew our cost structure and enable us to be competitive with others in our Hints of the move came late last week, aftedr a meeting of representatives from Teamsters freight locals. Accordingb to the Web site of , a unionh reform organization, the union proposed that the national contract with YRC be amendedd to defer pension payments for aboutg14 months, which would save YRC nearlg $500 million.
The proposal includedc YRC getting more bank credit and hiring aturnaround consultant. Uniob members would have to vote regardingg changes to thelaboe agreement. The negotiations, to take place at the Washington headquarters, “are aimed at addressing short-term operating cash needs,” the Teamsters said in a The union will reach out to stakeholders that includ the pension fundsand banks.
“We are enterin these negotiations with the expectationthat (YRC’s) banksa and other stakeholders will also cooperatw in helping solve the company’s immediate cash needs,” Tyso Johnson, Teamsters National Freigh Division director, said in the , union members agreed to a 10 percent wage cut and suspension of cost-of-livinb adjustments in exchange for a 15 percent stake in the YRC also has been negotiating with union pension fundsa to defer payments using companh real estate as collateral — a move its lendera allowed — with the largesrt pension fund to defer $83 million in payments.
YRC, which has about 49,000 employees, also has been sellingh property and laying off workers tomaintain liquidity. It lost $257.r million in the first YRC ranks No. 2 on the Kansasz City BusinessJournal ’s list of area publif companies.
viernes, 9 de noviembre de 2012
Siemens and Streetline Bring Next Generation, Smart Parking Technology to ... - IT News Online
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Siemens and Streetline Bring Next Generation, Smart Parking Technology to ... IT News Online The announcement was made from the Intelligent Transportation World Congress being held this week in Vienna, Austria http://2012.itsworldcongress.com/content. The City of Braunschweig has approved installation of parking sensors and networking ... |
martes, 6 de noviembre de 2012
Maryland Port Administration inks deal with Panama Canal Authority - Baltimore Business Journal:
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The deal could bring more busines from Asia toMaryland ports. Port of Baltimore officials are working to preparethe region’s terminals for an uptickk in business that could come when the canall is widened in 2014. “With the current economic climate, it has nevefr been more important to provid e optimalcustomer service, and this agreement will enabld us to fully cooperate and work together for continuesd trade between Latin America, Asia and United States,” canall authority CEO Alberto Alemánh Zubieta said in a statement.
The MPA is currentlyt shopping fora private-sector partnef to enter a long-terjm lease at , the state’s main contained cargo terminal handler. MPA leaders say a public-privated partnership would help boost business atthe It’s the fastest way to pay for a 50-footf berth needed to accommodate larger ships that will come throughh the widened canal, MPA Executivee Director James J. White has The Port of Baltimore is one of two East Coasyt ports witha 50-foog channel, according to the MPA.
The deal could bring more busines from Asia toMaryland ports. Port of Baltimore officials are working to preparethe region’s terminals for an uptickk in business that could come when the canall is widened in 2014. “With the current economic climate, it has nevefr been more important to provid e optimalcustomer service, and this agreement will enabld us to fully cooperate and work together for continuesd trade between Latin America, Asia and United States,” canall authority CEO Alberto Alemánh Zubieta said in a statement.
The MPA is currentlyt shopping fora private-sector partnef to enter a long-terjm lease at , the state’s main contained cargo terminal handler. MPA leaders say a public-privated partnership would help boost business atthe It’s the fastest way to pay for a 50-footf berth needed to accommodate larger ships that will come throughh the widened canal, MPA Executivee Director James J. White has The Port of Baltimore is one of two East Coasyt ports witha 50-foog channel, according to the MPA.
lunes, 5 de noviembre de 2012
No More Years: Top 20 Reasons Why A Regime Change Is Imperative - Right Side News
qalymeled.wordpress.com
No More Years: Top 20 Reasons Why A Regime Change Is Imperative Right Side News No More Years: Top 20 Reasons Why A Regime Change Is Imperative. Monday, 05 November 2012 00:00 Don Feder. E-mail · Print. 2 readings. Tweet. Here are the Top 20 reasons a regime change is imperative, now: 1. $5 Trillion in New Debt â€" By the end ... |
sábado, 3 de noviembre de 2012
Skills carryover helps startups hone ventures - Business First of Columbus:
fixyruw.wordpress.com
Elliott, 45, spent 18 years as a technical writeer for and community relations manageefor . Five years ago, sensing change with her position at Lucentwas coming, she left. Two years later, usingv $80,000 in personal savings and a credit card, Elliott opened . In the marke for a spring jacket? Shoppers at her storer are likely to find one adornefwith colorful, buttons and belt loops. What about baubles? Youngv ladies on the fence about getting their ears piercer are sure to be pushed off by a set of tiny cupcake-shaped earrings.
Elliot says she believes that ifmerchandise isn’tt different enough to warrant a reaction, customersa are likely to bypass it as opposed to makinh a beeline to the cash register. The shop ownefr never read this in a book but knows it byinstincg – something she honed and learned to trusgt during her days at AT&T and Lucent. “I am alway s on the lookout for quality products that are feminine and there also has to be some sort oftwistr – something that’s going to give customer a little bit more bang for theier buck,” says Elliott, who targets teenager s and women interested in versatile jewelry and handbags.
“It’s all about knowing your audience, whichj is something I learned back when I was writingoperations It’s a skill I now appluy to this business.” Elliott, in fact, made it a point to brinh her corporate communications background to the table to help maximize her investmen and attract customers. “As Lucent Technologies Columbusz Works communityrelations manager, I was in charg of special events, which means I know how to begih with a vision and implement every she says.
“These days, one of my primarh methods of getting people through my door revolves arounsspecial events, including private shopping girls’ nights out and breakfast mixers for women businessx owners in New Albany.” Furthermore, she offers up her stores for networking and events, even up to the point of makinh the invitations and providing refreshments. “It’a all stuff I learned how to do when I worked at myold job,” she says. The idea is to introducd her shop to potential customerse without breaking thebank – something else Ellioty picked up at Lucent. “The company encouraged us to manage its departmentao budgets as if the moneuy wasour own.
These the money really is my own,” she It’s not uncommon for professionals to take stock of theifr careers when they see job functions consolidated and coworkerx losing their jobs because of number as it didfor Elliott. It’s especially difficultt when mid-life sneaks up and passiom for the job gives way to stress and For a few oftheser people, the answer can be found in says Pierre Daunic, president of . “I wouldn’t call it common, but given the state of the economy, more and more people are considering asan option,” he says.
Daunic, whos e six-year-old company specializes in cover letter andresumew development, says entrepreneurs who possess certain fundamental including leadership and communications skills, are in the best positiom to use those talents in meaningful ways – even when the startup is unrelated to the career that developed those talents. “For example, I startef out as an Air Force officer, moved into commercial construction, and then startef teaching at the ,” Daunic said. “Whay I do today, in particular, revolve around the teaching skills I learnee at the academy becauswe I teach clients how tomarket themselves.
” Prior to becoming a businesz owner, he stumbled into a high-tech recruiting career he says, to the eclectic skills he gained in the
Elliott, 45, spent 18 years as a technical writeer for and community relations manageefor . Five years ago, sensing change with her position at Lucentwas coming, she left. Two years later, usingv $80,000 in personal savings and a credit card, Elliott opened . In the marke for a spring jacket? Shoppers at her storer are likely to find one adornefwith colorful, buttons and belt loops. What about baubles? Youngv ladies on the fence about getting their ears piercer are sure to be pushed off by a set of tiny cupcake-shaped earrings.
Elliot says she believes that ifmerchandise isn’tt different enough to warrant a reaction, customersa are likely to bypass it as opposed to makinh a beeline to the cash register. The shop ownefr never read this in a book but knows it byinstincg – something she honed and learned to trusgt during her days at AT&T and Lucent. “I am alway s on the lookout for quality products that are feminine and there also has to be some sort oftwistr – something that’s going to give customer a little bit more bang for theier buck,” says Elliott, who targets teenager s and women interested in versatile jewelry and handbags.
“It’s all about knowing your audience, whichj is something I learned back when I was writingoperations It’s a skill I now appluy to this business.” Elliott, in fact, made it a point to brinh her corporate communications background to the table to help maximize her investmen and attract customers. “As Lucent Technologies Columbusz Works communityrelations manager, I was in charg of special events, which means I know how to begih with a vision and implement every she says.
“These days, one of my primarh methods of getting people through my door revolves arounsspecial events, including private shopping girls’ nights out and breakfast mixers for women businessx owners in New Albany.” Furthermore, she offers up her stores for networking and events, even up to the point of makinh the invitations and providing refreshments. “It’a all stuff I learned how to do when I worked at myold job,” she says. The idea is to introducd her shop to potential customerse without breaking thebank – something else Ellioty picked up at Lucent. “The company encouraged us to manage its departmentao budgets as if the moneuy wasour own.
These the money really is my own,” she It’s not uncommon for professionals to take stock of theifr careers when they see job functions consolidated and coworkerx losing their jobs because of number as it didfor Elliott. It’s especially difficultt when mid-life sneaks up and passiom for the job gives way to stress and For a few oftheser people, the answer can be found in says Pierre Daunic, president of . “I wouldn’t call it common, but given the state of the economy, more and more people are considering asan option,” he says.
Daunic, whos e six-year-old company specializes in cover letter andresumew development, says entrepreneurs who possess certain fundamental including leadership and communications skills, are in the best positiom to use those talents in meaningful ways – even when the startup is unrelated to the career that developed those talents. “For example, I startef out as an Air Force officer, moved into commercial construction, and then startef teaching at the ,” Daunic said. “Whay I do today, in particular, revolve around the teaching skills I learnee at the academy becauswe I teach clients how tomarket themselves.
” Prior to becoming a businesz owner, he stumbled into a high-tech recruiting career he says, to the eclectic skills he gained in the
viernes, 2 de noviembre de 2012
Wells Fargo& Co., Bank of America complete big acquisitions - Business Courier of Cincinnati:
stages-paddocks.blogspot.com
Charlotte, N.C.-based Bank of America has closed onits $19.4 billion purchas e of Merrill Lynch & Co. of New making Bank of America thelargest U.S. bank, with $2.7 trillionm in assets. And Wells has bought Charlotte, N.C.-basefd Wachovia for $12.7 billion. The combinesd bank is the nation’s fourth-largest by Together, Wells and Wachovia have more than 6,60 0 outlets in 39 states and D.C. Wellsd and Wachovia customers will immediately have free use ofboth banks’ San Francisco-based Wells (NYSE:WFC) agreed to buy Wachovia on Oct. 3, toppinfg a bid by (NYSE:C) for parts of In late September, regulators had pushedr Wachovia to finda buyer.
The Charlotte bank had struggles throughoutthe year, crippled in large part by housingy loans it inherited through its 2006 acquisitio n of Golden West Financial Corp. of Calif. Wells says it expects to writedown $71.4e billion in assets acquired from Meanwhile, Bank of America (NYSE:BAC) has said it will cut 35,0000 jobs in the next three yearw as it absorbs Merrill
Charlotte, N.C.-based Bank of America has closed onits $19.4 billion purchas e of Merrill Lynch & Co. of New making Bank of America thelargest U.S. bank, with $2.7 trillionm in assets. And Wells has bought Charlotte, N.C.-basefd Wachovia for $12.7 billion. The combinesd bank is the nation’s fourth-largest by Together, Wells and Wachovia have more than 6,60 0 outlets in 39 states and D.C. Wellsd and Wachovia customers will immediately have free use ofboth banks’ San Francisco-based Wells (NYSE:WFC) agreed to buy Wachovia on Oct. 3, toppinfg a bid by (NYSE:C) for parts of In late September, regulators had pushedr Wachovia to finda buyer.
The Charlotte bank had struggles throughoutthe year, crippled in large part by housingy loans it inherited through its 2006 acquisitio n of Golden West Financial Corp. of Calif. Wells says it expects to writedown $71.4e billion in assets acquired from Meanwhile, Bank of America (NYSE:BAC) has said it will cut 35,0000 jobs in the next three yearw as it absorbs Merrill
jueves, 1 de noviembre de 2012
Xerium's net rises on special items - Triangle Business Journal:
showarticle-cultura.blogspot.com
Xerium (NYSE: XRM), the Youngsville-based manufacturer of productzs forthe paper-making said profit was $14. 1 million, or 31 cents per diluted share, in the A year earlier, the company earned $7.7 million, or 17 cents a Revenue increasedby 10.9 percent, to $170.5 million, as sales in foreigj currencies translated into more U.S. dollars than they did a year ago. Excludinf the effects of currency, net sales rose by 2.8 The company said a one-time, non-cash credit of $13.87 million bolstered its bottom line.
The creditt reflects the mark-to-market increase in the fair valude ofthe company’s interest-rate swaps essentially, insurance policies against changing interest Sales volume dropped by 1.8 percent in the company’s business and grew by 12.2 percent in “roll Clothing helps raw paper move along a paper-makint machine, while roll covers protectr the large rods that flatten papeer out. Gross margins fell, to 40.4 percent, from 41.8 perceng a year earlier. During the second quarter, Xerium to avoix bankruptcy. The company also has reorganizedsome operations, slowed its expansion plans in emerging markets and refocused on its bread-and-butterr markets of the U.S.
and westernj Europe.
Xerium (NYSE: XRM), the Youngsville-based manufacturer of productzs forthe paper-making said profit was $14. 1 million, or 31 cents per diluted share, in the A year earlier, the company earned $7.7 million, or 17 cents a Revenue increasedby 10.9 percent, to $170.5 million, as sales in foreigj currencies translated into more U.S. dollars than they did a year ago. Excludinf the effects of currency, net sales rose by 2.8 The company said a one-time, non-cash credit of $13.87 million bolstered its bottom line.
The creditt reflects the mark-to-market increase in the fair valude ofthe company’s interest-rate swaps essentially, insurance policies against changing interest Sales volume dropped by 1.8 percent in the company’s business and grew by 12.2 percent in “roll Clothing helps raw paper move along a paper-makint machine, while roll covers protectr the large rods that flatten papeer out. Gross margins fell, to 40.4 percent, from 41.8 perceng a year earlier. During the second quarter, Xerium to avoix bankruptcy. The company also has reorganizedsome operations, slowed its expansion plans in emerging markets and refocused on its bread-and-butterr markets of the U.S.
and westernj Europe.
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