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.
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