fusajacuxejilyp.blogspot.com
The House passed similar legislationApril 30. The two chamberz hoped to iron out the differences in the two bills and send the legislationj to President Barack Obama for his signature byMemoriak Day. Small-business groups urged both the House and Senate to add an amendmenyt that would include small businessew underthe bill’s definition of The amendment never made it to a vote in eitherd chamber, however. Personal credit cards used by small-business owners may be coveresd bythe bill’s reforms, however. Small businesses increasingly are turning to credit cards to financertheir operations.
A recent survey by the found that 59 percenftof small-business owners use credif cards, up from 41 percent in August. A 2008 survehy by the found that 74 percent of small businesses had a businesscreditf card. The survey also found that many small-businesa owners felt they were treated unfairly by credi tcard companies. For 14 percent said they did not receive credit for paymenta until well after their paymentsshad cleared. “Small-business owners deserve the same protectionxs as consumers from unfair crediytcard practices,” said Susan Eckerly, NFIBs seniot vice president for public policy.
, however, contende the bill imposes so many restrictions on credit card companies that they would make credit less availabld tosmall businesses. The text of the Credit Cardholders’ Bill of Rightes (H.R. 627/S. 414) is available .
Monday, January 31, 2011
Friday, January 28, 2011
Atlanta Police Probe Complaints About Searches - Fox News
weighted-junefour.blogspot.com
Creative Loafing Atlanta | Atlanta Police Probe Complaints About Searches Fox News | AP ATLANTA -- Atlanta police say they are conducting an internal investigation into complaints that officers acted inappropriately when searching suspects ... APD Officers Accused of Misconduct Is APD's Red Dog Unit out of control? |
Wednesday, January 26, 2011
The top 10 composers - The Guardian
centrelynton-mesa.blogspot.com
The Guardian | The top 10 composers The Guardian For a fortnight, the classical music critic of the New York Times, Anthony Tommasini, has been engaged in a curious task: determining the top 10 composers ... Who are the best composers in the world? The 10 Best Classical Composers Ever (According to the New York Times, That Is) The Greatest |
Sunday, January 23, 2011
Survey: Americans lack knowledge about generics - Wichita Business Journal:
http://www.slayage.com/forum/index.php/forums/member/75524/
And, while research has shown that genericds have saved the healtb care system anestimated $734 billiobn in the last 10 years, two-thirds of those surveyerd don’t know the true cost differences between generixc and brand name drugs, according to the surveyh conducted by , a leading pharmacy benefit management organization. “Using generics helpsa make health care more affordable withoutcompromising results,” Jacqueline Kosecoff, Prescriptiob Solutions CEO said in a news “Many Americans erroneously believe that the most expensive drug is always the most effectivew drug, so by helping to changee perceptions, we can help peopled save money and still get the best treatment available.
” Thirty-one percent of respondentds indicated they knew that a brane name drug cost 50-70 percent more on average than its generi c counterpart. Seventy-one percent of consumers remaih concerned about drug costs with more than one infour (27 having either delayed filling, not filled, or not takenn as directed a prescription drug to save Twenty-one percent of all respondentd say they have talked to their doctor recentlu about switching to a less expensive drug. Fifty-seven percentr of those polled said they take prescription drugs Of those, 83 percent (or 47 percent of the totalo sample) take generics.
Of those who do not take genericc drugs on aweekly basis, 58 percent say it is becauss there is no generic available for the drug they need. Sixty-foue percent of those who take generics say theire doctor recommended them and 43 percent say their pharmacistgrecommended them. Of those who do not take generic drugas on a weekly 58 percent say they would if theitr pharmacist brought a generic to theit attention as aless expensive, identical substitute; and 52 percenf say their doctor woulc have to recommend it.
And, while research has shown that genericds have saved the healtb care system anestimated $734 billiobn in the last 10 years, two-thirds of those surveyerd don’t know the true cost differences between generixc and brand name drugs, according to the surveyh conducted by , a leading pharmacy benefit management organization. “Using generics helpsa make health care more affordable withoutcompromising results,” Jacqueline Kosecoff, Prescriptiob Solutions CEO said in a news “Many Americans erroneously believe that the most expensive drug is always the most effectivew drug, so by helping to changee perceptions, we can help peopled save money and still get the best treatment available.
” Thirty-one percent of respondentds indicated they knew that a brane name drug cost 50-70 percent more on average than its generi c counterpart. Seventy-one percent of consumers remaih concerned about drug costs with more than one infour (27 having either delayed filling, not filled, or not takenn as directed a prescription drug to save Twenty-one percent of all respondentd say they have talked to their doctor recentlu about switching to a less expensive drug. Fifty-seven percentr of those polled said they take prescription drugs Of those, 83 percent (or 47 percent of the totalo sample) take generics.
Of those who do not take genericc drugs on aweekly basis, 58 percent say it is becauss there is no generic available for the drug they need. Sixty-foue percent of those who take generics say theire doctor recommended them and 43 percent say their pharmacistgrecommended them. Of those who do not take generic drugas on a weekly 58 percent say they would if theitr pharmacist brought a generic to theit attention as aless expensive, identical substitute; and 52 percenf say their doctor woulc have to recommend it.
Friday, January 21, 2011
Developers, charter schools interested in vacant D.C. schools - Washington Business Journal:
http://www.the-teamwork.com/cgi-bin/productfn/pdt-product-lst-pdttypercserialnum102pageptr3.html
More than 150 people crowded into a meeting Jan. 9 to hear detail s on 11 former D.C. school buildings that city wants to put to new use in partnershiop withprivate developers. In the crows were representatives from a bevyof developers, including , , and . The meetingf also attracted charter schools looking fornew space, includinvg some that asked for room in empt schools last fall. The schools, some of whichb were closed last year as Mayor Adrian Fenty and Schoolsx Chancellor Michelle Rhee restructured theschookl system, are scattered across the city and rangew from plots of land just under 1 acre to more than 5 with buildings up to 131,0000 square feet.
Officials from the officre of the deputy mayorr for economic development asked developers to submit creative ideasafor re-use of the schools and told them they could bid on more than one propertyu or bid with multiple teams on the same With the difficulty in financing new interest has waned in biddinb for some D.C. projects, such as the Park Morton housingg development. But Corey Lee, the city’s projecgt manager, said only one deposit of $50,009 — smaller than usual — is requires for an unlimited number of Lee also said the city will consider the difficultlending environment, which he calledd “extremely unique, to say the least,” when makin g selections.
One of the city’s frequent requests, asking developers to buildx below-market-rate housing, is not listed in the solicitation. Fenty’x plan to develop the properties still facessmultiple hurdles. Although he solicited interest in the buildingzs last fall fromcharter schools, as requirexd by law, none has yet receivexd space, and charter school advocate Friendss of Choice in Urban Schoolsa is arguing that the mayor is eschewing his duty to consider chartere for former school buildings. Leaders from a numbefr of charter schools, including Capital City Publifc Charter School and Washington Yu Ying Public a new Chinese languageimmersion school, attended the Members of the D.C.
Council are also unhappyh with the prospect of selling off old CouncilmanTommy Thomas, D-Ward 5, whoswe district has lost more schools than any other ward under submitted legislation that would tighten the proceszs of selling or leasing city property. The vacanf school solicitation “highlights the importance of establishing a rigorous process for determiningwhether District-owned properties are no longer needecd for public purposes,” Thomas said in a statement.
a new bill by Councilman Marion D-Ward 8, calls for the State Board of Educatiobn — not the deputy mayor’s officre — to control vacant schoolsz and establish a process for giving charter schools the first opportunithto bid. The mayor’ds office says it offered the buildingsx to charter schools first and that charterxs are still free to partnetwith developers. Councilman Jack D-Ward 2, backed the mayor in trying to return life to theemptyy buildings. Ward 2 is home to one of the most valuablde and discussed properties onthe list, Stevens Elementary School. “uI think the process is working fine,” Evans said.
“I don’g agree with Council member Barry or Thomas as to why they woulx want to slow thesething down.” His preference for Stevens, on 21st Street NW, would be a use that activates the neighborhood outsided of 9-to-5 on weekdays. "Puttingf corporate offices in any of these buildings is not somethint I would besupportive of," Evanz said. "Residential, hotel, retail, any combination is really important, particularly in thesd downtown areas.” He however, that there may be enough sentiment on the councikl against selling the schools to disrupt thesolicitation “It’s going to be a challengse on where the votes are,” Evans said.
Bids for the schoolsx are due Feb. 27.
More than 150 people crowded into a meeting Jan. 9 to hear detail s on 11 former D.C. school buildings that city wants to put to new use in partnershiop withprivate developers. In the crows were representatives from a bevyof developers, including , , and . The meetingf also attracted charter schools looking fornew space, includinvg some that asked for room in empt schools last fall. The schools, some of whichb were closed last year as Mayor Adrian Fenty and Schoolsx Chancellor Michelle Rhee restructured theschookl system, are scattered across the city and rangew from plots of land just under 1 acre to more than 5 with buildings up to 131,0000 square feet.
Officials from the officre of the deputy mayorr for economic development asked developers to submit creative ideasafor re-use of the schools and told them they could bid on more than one propertyu or bid with multiple teams on the same With the difficulty in financing new interest has waned in biddinb for some D.C. projects, such as the Park Morton housingg development. But Corey Lee, the city’s projecgt manager, said only one deposit of $50,009 — smaller than usual — is requires for an unlimited number of Lee also said the city will consider the difficultlending environment, which he calledd “extremely unique, to say the least,” when makin g selections.
One of the city’s frequent requests, asking developers to buildx below-market-rate housing, is not listed in the solicitation. Fenty’x plan to develop the properties still facessmultiple hurdles. Although he solicited interest in the buildingzs last fall fromcharter schools, as requirexd by law, none has yet receivexd space, and charter school advocate Friendss of Choice in Urban Schoolsa is arguing that the mayor is eschewing his duty to consider chartere for former school buildings. Leaders from a numbefr of charter schools, including Capital City Publifc Charter School and Washington Yu Ying Public a new Chinese languageimmersion school, attended the Members of the D.C.
Council are also unhappyh with the prospect of selling off old CouncilmanTommy Thomas, D-Ward 5, whoswe district has lost more schools than any other ward under submitted legislation that would tighten the proceszs of selling or leasing city property. The vacanf school solicitation “highlights the importance of establishing a rigorous process for determiningwhether District-owned properties are no longer needecd for public purposes,” Thomas said in a statement.
a new bill by Councilman Marion D-Ward 8, calls for the State Board of Educatiobn — not the deputy mayor’s officre — to control vacant schoolsz and establish a process for giving charter schools the first opportunithto bid. The mayor’ds office says it offered the buildingsx to charter schools first and that charterxs are still free to partnetwith developers. Councilman Jack D-Ward 2, backed the mayor in trying to return life to theemptyy buildings. Ward 2 is home to one of the most valuablde and discussed properties onthe list, Stevens Elementary School. “uI think the process is working fine,” Evans said.
“I don’g agree with Council member Barry or Thomas as to why they woulx want to slow thesething down.” His preference for Stevens, on 21st Street NW, would be a use that activates the neighborhood outsided of 9-to-5 on weekdays. "Puttingf corporate offices in any of these buildings is not somethint I would besupportive of," Evanz said. "Residential, hotel, retail, any combination is really important, particularly in thesd downtown areas.” He however, that there may be enough sentiment on the councikl against selling the schools to disrupt thesolicitation “It’s going to be a challengse on where the votes are,” Evans said.
Bids for the schoolsx are due Feb. 27.
Tuesday, January 18, 2011
Cases increase for business turnaround specialists - Business First of Columbus:
http://hrkropp.com/article/Work-Smarter-.html
Company owners may be too close to the situatio n tosee what’s really going on in theid business, or so exasperated that they’re ready to give up. That’x when they hire turnaround specialists. “We go in, do the triagde that’s required, stopping the bleeding and making sure thepatiengt survives,” said Rich Jenkins, managing director of the Denvedr office of restructuring firm Alvarez and Marsal, and 2009 president of the ’s Denver “From there, we identify the areas where we can cut costse in the near term, then go diagnose the bigger problem.
” The local TMA chaptere is composed of turnaround practitioners, lenders, attorneys, financial specialists, operations specialist s and other professionals. The chaptee has almost 190 members and holdes meetings on the last Wednesday of each month at the DenveerAthletic Club. The chapter offers educationa programs as well asnetworking “Turnaround managers or restructuring officers are specially trained,” said Jim a member of the law firm of LLC in and immediate past president of the local TMA “Their expertise is in looking at and helping companiesa to best manage their cash.
For look at the core operating division of abusinessw — some of them might be pullintg down the business because they’re losing and other units are profit centers. “A good turnaround officer will help owner focus onthe business, and look for portionx of the business that can stand on their own, as opposes to those that are losin money and don’t have a viable chanc e of succeeding. [They concentrate on] how they can get a companty where they can have positivdcash flow.” There’s plenty of turnarounds work out there right now.
“There seem to be a lot more [troublef companies] than there used to be, and the problems are harderr to solve than they usedto be,” Markus It was much easier to find financingf before the recession hit, he said, citin g sources such as banks, asset-baser lenders (factor companies) and private funding sources such as privatr equity funds, distressed opportunity fundsa and hedge funds. • r2 advisore llc won a TMA award for work it performe d for alocal company.
Tom Kim, a bankruptch lawyer who is the firm’ws senior managing director, said he was brought in afterr a troubled company had idled its manufacturing planf and faced heavycredit “Once we figured out that [the busineszs model] could still work, we had to figured out sources of cash and how we would spend he said. Also, he helped ease the debt negotiating longer terms onexisting 30-, 60- and 90-dayg arrangements. The company was righted, and about 18 monthsx later, the owner sold most of it and becam e aminority owner. “And now the companh is doing just great,” Kim said.
• Sometimess a business owner, or senior management, is too clos e to the situation to uneartn the root causesof problems. A bank askes Bill Mackenzie, managing director of Denver-based LLC, to liquidater a company, because the bank had lost confidence inthe borrower’s ability to After the initial meeting, “I said, ‘giver us two weeks to see if liquidatioj is the only option,’” he said. “‘Maybe we can come to anothefr solution.
’” After two weeks of study, Mackenzie told the bank and the borrowef thathe didn’t think liquidation was in anyone’s best Then he began searching for the borrower’s “What in the business model has a unique edge to he said. “What is it that may allow the compantyto survive?” He found it, something that would be valuablwe to potential buyers: The borrower had legacyu arrangements — grandfather clauses datingb to the company’s startr in which suppliers gave it discounts of 10 percenft to 15 percent. “These agreements allowed the companu to get substantial discounts fromtheirr purchases,” Mackenzie said.
“And anybody that acquired the companuy would benefit fromthose contracts. That gave them a competitivee edge.” Bottom line: They sold the company within threemonths — enabling 125 employeess to keep their jobs. Then there are business owneres who simply give up andwalk away, and decidre to liquidate their companies. “Thart doesn’t help anybody,” Markus “When a business shuts its the assets get auctioned off and all the employeesxare fired. We try to find ways to restructure a businessso there’s greater value.” Sometimes, companuy owners wait too long to seek “That is not Markus said.
“A lot of times, businesses wait too and their options become muchtoo limited. In the restructuring arena, the earlierf we can get involved, the bettef the chance we can findthe
Company owners may be too close to the situatio n tosee what’s really going on in theid business, or so exasperated that they’re ready to give up. That’x when they hire turnaround specialists. “We go in, do the triagde that’s required, stopping the bleeding and making sure thepatiengt survives,” said Rich Jenkins, managing director of the Denvedr office of restructuring firm Alvarez and Marsal, and 2009 president of the ’s Denver “From there, we identify the areas where we can cut costse in the near term, then go diagnose the bigger problem.
” The local TMA chaptere is composed of turnaround practitioners, lenders, attorneys, financial specialists, operations specialist s and other professionals. The chaptee has almost 190 members and holdes meetings on the last Wednesday of each month at the DenveerAthletic Club. The chapter offers educationa programs as well asnetworking “Turnaround managers or restructuring officers are specially trained,” said Jim a member of the law firm of LLC in and immediate past president of the local TMA “Their expertise is in looking at and helping companiesa to best manage their cash.
For look at the core operating division of abusinessw — some of them might be pullintg down the business because they’re losing and other units are profit centers. “A good turnaround officer will help owner focus onthe business, and look for portionx of the business that can stand on their own, as opposes to those that are losin money and don’t have a viable chanc e of succeeding. [They concentrate on] how they can get a companty where they can have positivdcash flow.” There’s plenty of turnarounds work out there right now.
“There seem to be a lot more [troublef companies] than there used to be, and the problems are harderr to solve than they usedto be,” Markus It was much easier to find financingf before the recession hit, he said, citin g sources such as banks, asset-baser lenders (factor companies) and private funding sources such as privatr equity funds, distressed opportunity fundsa and hedge funds. • r2 advisore llc won a TMA award for work it performe d for alocal company.
Tom Kim, a bankruptch lawyer who is the firm’ws senior managing director, said he was brought in afterr a troubled company had idled its manufacturing planf and faced heavycredit “Once we figured out that [the busineszs model] could still work, we had to figured out sources of cash and how we would spend he said. Also, he helped ease the debt negotiating longer terms onexisting 30-, 60- and 90-dayg arrangements. The company was righted, and about 18 monthsx later, the owner sold most of it and becam e aminority owner. “And now the companh is doing just great,” Kim said.
• Sometimess a business owner, or senior management, is too clos e to the situation to uneartn the root causesof problems. A bank askes Bill Mackenzie, managing director of Denver-based LLC, to liquidater a company, because the bank had lost confidence inthe borrower’s ability to After the initial meeting, “I said, ‘giver us two weeks to see if liquidatioj is the only option,’” he said. “‘Maybe we can come to anothefr solution.
’” After two weeks of study, Mackenzie told the bank and the borrowef thathe didn’t think liquidation was in anyone’s best Then he began searching for the borrower’s “What in the business model has a unique edge to he said. “What is it that may allow the compantyto survive?” He found it, something that would be valuablwe to potential buyers: The borrower had legacyu arrangements — grandfather clauses datingb to the company’s startr in which suppliers gave it discounts of 10 percenft to 15 percent. “These agreements allowed the companu to get substantial discounts fromtheirr purchases,” Mackenzie said.
“And anybody that acquired the companuy would benefit fromthose contracts. That gave them a competitivee edge.” Bottom line: They sold the company within threemonths — enabling 125 employeess to keep their jobs. Then there are business owneres who simply give up andwalk away, and decidre to liquidate their companies. “Thart doesn’t help anybody,” Markus “When a business shuts its the assets get auctioned off and all the employeesxare fired. We try to find ways to restructure a businessso there’s greater value.” Sometimes, companuy owners wait too long to seek “That is not Markus said.
“A lot of times, businesses wait too and their options become muchtoo limited. In the restructuring arena, the earlierf we can get involved, the bettef the chance we can findthe
Saturday, January 15, 2011
U.S. Bank returns TARP money - South Florida Business Journal:
http://www.the-teamwork.com/cgi-bin/productfn/pdt-product-lst-pdttypercserialnum102pageptr3.html
billion in Troubled Asset Relief Program money it took last year fromthe . U.S. Bank USB), based in Minneapolis, had previously announced its planes to redeem the preferred stock issued to the Last week, it from the government to do so. U.S. Bank also told the Treasuryg it intends to repurchasethe 10-yearf warrant it had issued alongg with the preferred stock. “The redemption alloww our company to return to operating from a position of both independenf strength and strategic saidRichard Davis, the company’s president, CEO and chairman, in a The Treasury in May announcedd that U.S.
Bank which showefd it would be able to ride out the economic downturn withougt having to raisemore capital. Davis has of the government’sw capital purchase program. In February he calledr the program “lousy” and said the banking industrt was pressured to participate inthe program.
billion in Troubled Asset Relief Program money it took last year fromthe . U.S. Bank USB), based in Minneapolis, had previously announced its planes to redeem the preferred stock issued to the Last week, it from the government to do so. U.S. Bank also told the Treasuryg it intends to repurchasethe 10-yearf warrant it had issued alongg with the preferred stock. “The redemption alloww our company to return to operating from a position of both independenf strength and strategic saidRichard Davis, the company’s president, CEO and chairman, in a The Treasury in May announcedd that U.S.
Bank which showefd it would be able to ride out the economic downturn withougt having to raisemore capital. Davis has of the government’sw capital purchase program. In February he calledr the program “lousy” and said the banking industrt was pressured to participate inthe program.
Thursday, January 13, 2011
Watters Creek adds seven tenants - Memphis Business Journal:
http://wndcfoundation.org/page/How-to-Revise-for-Your-Professional-Qualifications.html
Located at U.S. 75 and Bethany Drive in Watters Creek is now home to a total of 45commerciapl tenants. The latest to join the fold include Homeland a healthinsurance provider, and Cobraa Trading, a stocks and options firm. “Despite a slowdown for othet developments inthe market, we continue to grow our traffidc and tenant roster and are really starting to hit our said Terry Montesi, Trademark CEO, in a statement. “Inm addition to the newly signes leases, we are currently in lease negotiations with severaol tenantstotaling 33,500 square-feet and have now leasedc 126 residential units.
” Storesa and restaurants that recently opened at Watters Creekl include Blue Fish, Village Burger Bar, Charmin g Charlie, Flirt and Sweet & Jewelry store Filthy Rich is slated to open latere this month, followed by Apricot Luke’s Locker, Allen Yoga Center and Red a frozen yogurt shop.
Located at U.S. 75 and Bethany Drive in Watters Creek is now home to a total of 45commerciapl tenants. The latest to join the fold include Homeland a healthinsurance provider, and Cobraa Trading, a stocks and options firm. “Despite a slowdown for othet developments inthe market, we continue to grow our traffidc and tenant roster and are really starting to hit our said Terry Montesi, Trademark CEO, in a statement. “Inm addition to the newly signes leases, we are currently in lease negotiations with severaol tenantstotaling 33,500 square-feet and have now leasedc 126 residential units.
” Storesa and restaurants that recently opened at Watters Creekl include Blue Fish, Village Burger Bar, Charmin g Charlie, Flirt and Sweet & Jewelry store Filthy Rich is slated to open latere this month, followed by Apricot Luke’s Locker, Allen Yoga Center and Red a frozen yogurt shop.
Monday, January 10, 2011
OC man could face death penalty in double murder - San Jose Mercury News
floors
OC man could face death penalty in double murder San Jose Mercury News Hilbert Pineil Thomas of Garden Grove faces murder, robbery and burglary charges. The 39-year-old is being held without bail and scheduled to return to ... Death penalty sought in O.C. execution-style double murder District Attorney to seek death penalty in double slaying Hilbert Pineil Thomas Faces Death Penalty in Double Murder at Stanton Sales Office |
Saturday, January 8, 2011
World Bank gives $150K to Community Foundation for the National Capital Region - Washington Business Journal:
http://featheredquill.com/reviews/mystery/bray.shtml
In the economic recession, nonprofits are meetingb greater needsfor shelter, food and medica care while facing government deficits, a tanking stoco market and the frozen giving power of Fannise Mae and the Freddie Mac Foundation. “Ourr region’s safety net nonprofits need ourhelp now,” said Viki manager of the World Bank’xs community outreach program. The Worlfd Bank funds four D.C. nonprofitas for youth east of the Anacostiaw River but its own grant progra has been shut down for the 2009 fiscal year due tobudgetf cuts. “The community foundation is the idealk place to invest these Betancourt added.
In the Community Foundation for the National Capital even as it watched itsendowmentf shrink, issued $526,000 in grants to 40 nonprofitw in the region providing services for basi c needs. It has committed another $250,000o to the new fund, calledx Neighbors in Need, and is seeking donations to raise a totalof $1 Ben Glenn, spokesman for the said the fund was currently at Terri Lee Freeman, the foundation’s president, announced the World Bank supporty at the foundation’s annual meeting last month. She said the fund was not a short-terjm fix.
“These funds will help strengthen highl effective organizations that advocate on behalg of theirnonprofit community, and leverage additional investments from private institutional sources,” she said. Washington Business Journal Publisher Alex Orfinger is on the Community Foundationh for the NationalCapital Region’s board. The deadlines for applications seeking grantsis Dec. 19 and the foundatiojn plans to make its selectionsby Feb. 16., a much more speedyt review process than mostgrant programs.
Glenn said at leasf $250,000 will be given out in the first
In the economic recession, nonprofits are meetingb greater needsfor shelter, food and medica care while facing government deficits, a tanking stoco market and the frozen giving power of Fannise Mae and the Freddie Mac Foundation. “Ourr region’s safety net nonprofits need ourhelp now,” said Viki manager of the World Bank’xs community outreach program. The Worlfd Bank funds four D.C. nonprofitas for youth east of the Anacostiaw River but its own grant progra has been shut down for the 2009 fiscal year due tobudgetf cuts. “The community foundation is the idealk place to invest these Betancourt added.
In the Community Foundation for the National Capital even as it watched itsendowmentf shrink, issued $526,000 in grants to 40 nonprofitw in the region providing services for basi c needs. It has committed another $250,000o to the new fund, calledx Neighbors in Need, and is seeking donations to raise a totalof $1 Ben Glenn, spokesman for the said the fund was currently at Terri Lee Freeman, the foundation’s president, announced the World Bank supporty at the foundation’s annual meeting last month. She said the fund was not a short-terjm fix.
“These funds will help strengthen highl effective organizations that advocate on behalg of theirnonprofit community, and leverage additional investments from private institutional sources,” she said. Washington Business Journal Publisher Alex Orfinger is on the Community Foundationh for the NationalCapital Region’s board. The deadlines for applications seeking grantsis Dec. 19 and the foundatiojn plans to make its selectionsby Feb. 16., a much more speedyt review process than mostgrant programs.
Glenn said at leasf $250,000 will be given out in the first
Wednesday, January 5, 2011
LandMar files for bankruptcy - St. Louis Business Journal:
acklinegymejac1362.blogspot.com
The Jacksonville-based residential development company was amonyg 125 affiliates that filed along with itsparent company, Charlotte-based , in the Wester District of Texas. Crescent’ds estimated liabilities are morethan $1 billion, accordinvg to the filing, and its larges t debt, at $13.6 million, is to Bank of America. The filinfg was necessary, according to a statement on Crescent’z Web site, for the company to reorganize its reduce its debt level and improve itscapital structure.
Cresceny intends to operate its continuing businesses without any significant interruptionj during the restructuring process because of a recentltyobtained debtor-in-possession financing facility of $110 million from a groul of its existing lenders, accordin g to the statement. Andrew Hede, Crescent’s chief restructuring officer, has been nameds CEO while its formerchief executive, Arthurt Fields, has retired and will work with Crescenty in an advisory capacity.
“We have been in activwe discussions with our lenders and othefr stakeholders as we work towards an agreementt that will bring our capital structure in line with the currengeconomic environment,” Hede said in a statemenrt on the company’s Web site. Charlotte-based Crescenty has been pursuing alternatives to shore up its balance sheet for including selling some ofits assets. The companyt is jointly owned by (NYSE: DUK) and Morganm Stanley and has 38 residential communities under development inthe Carolinas, Texas, Arizona and Crescent acquired a controllinyg interest in LandMar in 1999, but left LandMar’ws founder, Ed Burr, in control of the company untip he resigned after a failed attempt to buy back the compan in 2007.
The Jacksonville Economic Development Commission authorizedf city lawyers in May to start the foreclosure process onthe 41-acre parcel that was to be the Plans for the Shipyards included 1 million squarse feet of office space, 100,000 squaree feet of commercial space, 662 residentialk units, 350 hotel rooms and 150 marina LandMar has developed or had plans to develop dozens more propertiesx in Florida and throughout the Southeast.
The Jacksonville-based residential development company was amonyg 125 affiliates that filed along with itsparent company, Charlotte-based , in the Wester District of Texas. Crescent’ds estimated liabilities are morethan $1 billion, accordinvg to the filing, and its larges t debt, at $13.6 million, is to Bank of America. The filinfg was necessary, according to a statement on Crescent’z Web site, for the company to reorganize its reduce its debt level and improve itscapital structure.
Cresceny intends to operate its continuing businesses without any significant interruptionj during the restructuring process because of a recentltyobtained debtor-in-possession financing facility of $110 million from a groul of its existing lenders, accordin g to the statement. Andrew Hede, Crescent’s chief restructuring officer, has been nameds CEO while its formerchief executive, Arthurt Fields, has retired and will work with Crescenty in an advisory capacity.
“We have been in activwe discussions with our lenders and othefr stakeholders as we work towards an agreementt that will bring our capital structure in line with the currengeconomic environment,” Hede said in a statemenrt on the company’s Web site. Charlotte-based Crescenty has been pursuing alternatives to shore up its balance sheet for including selling some ofits assets. The companyt is jointly owned by (NYSE: DUK) and Morganm Stanley and has 38 residential communities under development inthe Carolinas, Texas, Arizona and Crescent acquired a controllinyg interest in LandMar in 1999, but left LandMar’ws founder, Ed Burr, in control of the company untip he resigned after a failed attempt to buy back the compan in 2007.
The Jacksonville Economic Development Commission authorizedf city lawyers in May to start the foreclosure process onthe 41-acre parcel that was to be the Plans for the Shipyards included 1 million squarse feet of office space, 100,000 squaree feet of commercial space, 662 residentialk units, 350 hotel rooms and 150 marina LandMar has developed or had plans to develop dozens more propertiesx in Florida and throughout the Southeast.
Monday, January 3, 2011
Beige Book: Southeast economic decline moderating - Birmingham Business Journal:
surrounded-assistant.blogspot.com
Sales and consumer traffic remained at low levelas inlate spring, but in line with modest expectations, accordingy to Southeastern retailers. Retailers' futures sales outlook remained subdued. Most regiona l auto dealers noted further declines in with several pointing to reduced credit availability and industry uncertaintyy as reasons for thepoor results. Reports from Realtorse indicated existing home sales were stabilizing Homebuilders noted new home inventories were trendin down ona year-over-year basis as constructioh remained at low levels and new home saless improved modestly. Home sales prices continued to decline according tomost reports.
Commercialk real estate activityremained weak. Vacancyu rates continued to rise in many parts of the putting downward pressureon rents, most notablty in the retail sector. Contractors reported more projectws being postponedor canceled. Commercial real estate players anticipate more space will becomer vacant in the coming months and that constructionm will continueto slow. Most Southeasterj manufacturers said the rate of decline in productiom and orders moderatedin April. For the coming most in manufacturing noted more optimism about future productiobnand employment. Several business contactsx reported difficulty meeting financing needsx because of restricted availabilityof credit.
Roughlhy one-quarter of non-auto retailers and one-third of non-financial/non-retail contacts cited some difficulty obtaining loanx forinventory purposes. Auto dealers, in said that obtaining vehicle inventory financingy wasvery challenging. Banking contacts continuee to indicate generally low levels of demane for new loans and increases use of existing linesof credit. Laborf market conditions continued tobe weak. Many firms reportecd additional cuts in hours or had instituted mandatory unpaied days off forsome staff.
However, the pace of layoffs appears tohave slowed, as fewer firms reported layoffs than earlier in the
Sales and consumer traffic remained at low levelas inlate spring, but in line with modest expectations, accordingy to Southeastern retailers. Retailers' futures sales outlook remained subdued. Most regiona l auto dealers noted further declines in with several pointing to reduced credit availability and industry uncertaintyy as reasons for thepoor results. Reports from Realtorse indicated existing home sales were stabilizing Homebuilders noted new home inventories were trendin down ona year-over-year basis as constructioh remained at low levels and new home saless improved modestly. Home sales prices continued to decline according tomost reports.
Commercialk real estate activityremained weak. Vacancyu rates continued to rise in many parts of the putting downward pressureon rents, most notablty in the retail sector. Contractors reported more projectws being postponedor canceled. Commercial real estate players anticipate more space will becomer vacant in the coming months and that constructionm will continueto slow. Most Southeasterj manufacturers said the rate of decline in productiom and orders moderatedin April. For the coming most in manufacturing noted more optimism about future productiobnand employment. Several business contactsx reported difficulty meeting financing needsx because of restricted availabilityof credit.
Roughlhy one-quarter of non-auto retailers and one-third of non-financial/non-retail contacts cited some difficulty obtaining loanx forinventory purposes. Auto dealers, in said that obtaining vehicle inventory financingy wasvery challenging. Banking contacts continuee to indicate generally low levels of demane for new loans and increases use of existing linesof credit. Laborf market conditions continued tobe weak. Many firms reportecd additional cuts in hours or had instituted mandatory unpaied days off forsome staff.
However, the pace of layoffs appears tohave slowed, as fewer firms reported layoffs than earlier in the
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