Thursday, November 29, 2012

Tacoma port cutting 18 percent of its staff - Puget Sound Business Journal (Seattle):

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At the same time five new position will be created that will be advertised internalluor externally, said Port spokeswoman Tara She said she expected the port will announce the reductionsw publicly on Wednesday. The reductions, which may be the first port-wide employment cut in the port’s reflect poor economic conditions in the maritimedtransportation industry. Port of Tacoma containeer traffic has been down 16 percent so far this Supervisors met with port employeeson Monday, and told them if theidr positions were being eliminated or consolidated.
Employees will have unti l June 8 to take advantage of a voluntarybuyout program, which will give them a financiapl package as well as unemploymenr benefits, Mattina said. How many people will actually be laid off will depensd on how many people take advantage of thevoluntarhy buyout, and if the people remaining have the skills needed for remaining she said. The Port of Tacoma employs far feweer people thanthe , because the Tacoma port leases its marinee terminals to operators, and because it doesn’y operate an airport, marina or fishermen’e docks, as the Port of Seattlre does.
The plunge in cargko is a significant reversaol for the Portof Tacoma, whicg was vigorously growing for many years. Cargo volume peaked in 2006 at the equivalentof 2.07 million 20-foot containers, which are called TEUs in the That had dropped to 1.86 millio TEUs by 2008. If the current declinew holds for the restof 2009, volumees could sink to as low as 1.56 million TEUs this “If we’re at 2002 cargo volumews now, and it takes us seven to 10 years to reachy that 2006 peak, we need to make the entirer organization smaller to be Mattina said.
She added that the port has set up an officed at the Fabulich not far from port to help employeeswith résumés and job searches.

Wednesday, November 28, 2012

Goldwater Institute sues Glendale over Coyotes documents - Phoenix Business Journal:

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The Coyotes, currently in Chapter 11 bankruptch reorganization, play at the Glendale-owned Jobing.com Arena and couled move to Canada. The city of Glendale and are tryinfg to find a new owner to buy the team from Phoenix businessmaj Jerry Moyes and keep the team in thePhoenix area. That coul d include a $10 million to $20 millionm incentive from Glendale to help keep the team from The Phoenix-based Goldwater group is criticial of such incentiveas and business subsidies and made a public record request on June 23 to the Glendale city governmenyt on possible assistance for the new Coyotesd owners.
The city government turned down the recordz request and the Goldwater group filed a lawsuit over that denialp Friday in Maricopa CountySuperior Court, asking for the recordzs to be released. Glendale and the NHL have been in talkas with Chicago Bulls and Chicago White Sox owne Jerry Reinsdorf about possibly buyingthe “The legal action filed todayg in Maricopa County Superior Court by the Goldwatert Institute is without a factual or legalp bases.
The city has and will continue to honore Arizona Public Records Law and believe that case law supports the positionm that releasing documents at this time relatedr to a matter in bankruptcy courty and subject to complex business negotiations are NOT in the best interesyt ofthe public,” Glendale officialse said in a statement. “Thed Goldwater Institute’s assertion that the city has said in numeroux media reports that the city plans to offerd tax payer subsidies to potentiall new owners of the Phoenix Coyotesis incorrect.
The city has statefd that appropriate and legal modification of theexistingf arena-use agreement may be Any modification must be approveds by the City Council, which will be done in open sessiomn and in accordance with law,” the city statemen said.

Monday, November 26, 2012

ATS Services is now Talagy, with new owner - Business First of Buffalo:

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Derek Mercer, the nephew of ATS founder Delores Kesler, acquired the companty and will serveas chair. Kesler will retain the title ofchairmanj emeritus. Amy McGeorge will assum e the role of presidentand CEO. Terms of the acquisitiomn werenot disclosed. “This is an exciting time in the growt and evolutionof ATS, and I’m pleased to allowa the next generation of leadership to take the helm,” said Kesler created Jacksonville-based ATS Services in eventually forming a parent company that merged with threer other staffing firms, including .
The business spliyt into two ventures: , which becam a publicly traded company and isnow , and ATS Mercer worked as the director of informationn technology at ATS Services before creating his own company, , a global provider of on-demanr talent management software, in 1996. Kesler provided a loan that helpe d startthe company. Vurv Technology was acquiree by (NASDAQ: TLEO) in 2008 for $128.8 million. Talagy, which has 11 offices around the country and80 employees, will continue to offer the same productsz and services, but insteac of operating under multiple brandsd and business units the company will consolidate into a singld brand.

Sunday, November 25, 2012

C. Douglas McMillon Executive Profile

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From 2006 to February 2009, McMillon served as president and chiefg executive officerof Sam

Saturday, November 24, 2012

Clinic will bloom from ashes of riot - Kansas City Business Journal:

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Last month, Fern had reaso to recall that violent day after the area was again wrackefby trouble, this time a short-livede melee sparked when police shot a suspected crackl dealer. "Problems don't go away -- they surface again and again and again ifwe don't solve them," said who now is president of the board of directord at , a nonprofit community family and health services centerf located near 23rd Street and Benton. Next Seton Center will embark on an ambitious effort aimed at solvinvg at least some of the chronic problems in theinner city. On Aug.
1, two monthzs to the day after what's been callex a "mini-riot," Seton Center will break groundx nearby on anew $1.3 million, 4,000-square-fooy medical clinic at the 23rd Streetr and Benton site. The projecy is a joint venture with and Blue Shielsd of Kansas City and representxs a major milestone inthe 27-year history of Seton "We are trying to empower and invesgt in this neighborhood," said Rachel Asaro, executive director of Seton Center. "If people have a place to turn to that is the chances of the negative elemeng taking holdare less." The existing Seton Center building will be renovated and expanded to house the health Asaro said.
She said the clinic likely will be staffed by three physicians from Blue Crossw subsidiary TriSourceHealthCare Inc., and will provide a variett of walk-in services, including primary care, X-rays, lab work and contractec specialty care. Seton and Blue Crosw also plan to starta second, smallere primary care center in nearby Linwoosd Shopping Center. According to Asaro, the new healtjh center will provide "one-stop healthh care shopping" for residentsd of the area.
"In time, we hope this partnershipp will prevent individuals from falling through the cracks and provide coordination of care acrossxall categories: health, social, economic, recreationalo and spiritual," she Seton Center was founded in 1969 in the wake of the riotxs following Martin Luther King' death. Catholic nuns created the facilityt to provide social services to elderly retireezs inthe neighborhood. In recent Asaro said, the neighborhood has changer as more young families have moved intothe area.
Setonm today is non-denominational and offers a rangwe of services that include a food thrift store, hot lunchg program and home healthu aid program, as well as youth activities. The centef also runs an educational program for high school dropouts and a day care progranfor adults. Seton employs 21 people and serves anestimated 5,000 individual per year with an annual budget of most of which comes from charitable contributions. With the new healtj center, Seton will begin a home healtb program, which will be reimbursed by Asaro said. Janet Cooper, a spokeswoman for Blue said the company's involvement in the projecrt reflects a strong commitment to the inner city.
Blue Cross has committed about $350,000 to building the Cooper said. "Seton Centert is a highly respected nonprofit serving an important centraocity population, and we're delightede to round out their very strong social servics program with a family practice clinic," Coope r said. Fern, Seton's board president and ownerr of MetropolitanAppraisal Co., this week recalledc another, more unsettled era in the neighborhood surrounding Seton

Thursday, November 22, 2012

Review: 'Saving America's Horses' is a disturbing documentary - Los Angeles Times

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Review: 'Saving America's Horses' is a disturbing documentary

Los Angeles Times


The documentary "Saving America's Horses: A Nation Betrayed" unpacks the complex and, what may be for many, under-the-radar issue of the inhumane slaughter of wild and domestic horses (and burros) chiefly for human consumption abroad.



Wednesday, November 21, 2012

Triangle Business Journal: Raleigh/Durham Commercial Real Estate Listings - View Commercial Real Estate

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Tuesday, November 20, 2012

General Assembly panels approve State Center project - Kansas City Business Journal:

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billion State Center redevelopment in Baltimored Citymove forward, despite lingeringf concerns about the project’s financesw and impact on Maryland’s ability to borro money. The Senate Budget and Taxation Committerevoted unanimously, but with some to endorse the State Center project, whic involves leasing 25 acres of land to a privatd development team. The House of Appropriations Committee indicated it will do the same but did not formallyt vote as its Senated counterparts didThursday afternoon. The projectg will now go to the statw Board of Public Works for a schedulexd June3 vote. The boar d is led by Gov.
Martin O’Malley, who supports the projectf and worked closely on it whiled he was mayorof Baltimore. Matthew Gallagher, the governor’sw deputy chief of staff, lobbied the House and Senat onthe project. “We are at the cusp of a very importang milestone,” Gallagher said. “The governor’ss office is very supportive of this project and has been involvesd dating back to our time atthe city,” Gallagher told the House during its hearing on the In signing off on the proposal, the House and Senatw legislators insisted on having more oversight in the redevelopmeng process.
They also conditioneds their approval on seeinb input fromthe , which is familiadr with such large-scale development projects. A privatr State Center LLC development team was selectede in March 2006 to remake the state officed complex off Martin LutherKing Boulevard. As proposed, the developers would lease the land from the convert the complex intoa $1.4 billion mixed-use development, and then lease a substantial portion of the project’sd planned 2 million squarse feet of office space back to the statd for use by its various agencies. For the project to move forward, the Board of Public Works must approve a master development agreement setting the termw for StateCenter LLC.
Once that the developers will then design the first phaser of the project and come back to the state with specific costa andlease terms. That processe would continue through each ofthe development’sz four phases, expected to take between 10 and 12 yeard to complete. The first phase woulds focus onthe project’s officer space. When fully developed, the project is slated to includr 1,200 residential rental and for-sale units, 2 million square feet of officw space, 250,000 square feet of retaio spaceand 7,000 parkinhg spaces. Groundbreaking for the project’s firsy phase could begin in June 2010.
Theie efforts failed, but the legislature’e budget committees passed a requirement the project be reviewed by state Treasurer Nancy The legislature asked Kopp to look specificallyh at an accounting provision of the projectt to determine ifthe state’w leasing of office spacew from the developers shouldd be considered an operatin lease or a capital lease. If it were deemed a capital lease, that would mean the state would need to list it on its budgett as an asset anda liability, and thosee costs would be added to the state’zs overall debt affordability limit — its ability to borrow moneg to finance other capital projects.
In a May 15 Those terms won’t be determined until after the masterf development agreementis approved. But Kopp felt it should be consideredd acapital lease, and those costs could cause the state to exceec its debt service limits by 2018.

Sunday, November 18, 2012

Women's board seat gains are moving at glacial pace - Philadelphia Business Journal:

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That progress is being made amonh the 100 largest publiclyheld companies, rankex by revenue by the Philadelphia Businesd Journal, is good research co-chairwoman Autumn Bayles said. That progressz is moving at such a slow clip shoulf serve notice that business must do a lot forum PresidentElva L. Bankins said. The forum'e Executive Suites committee and conducted the research for Womehn onBoards 2007: The Time Has based on data reported last year. This year'sw report shows an increase of less than 1 percenf in the number of women on boards in theregionm -- from 9.73 percent in 2005 to 10.41 percenr last year.
Ground was lost when it comes to racialo diversityon boards, which fell 1 perceng over the period. Between 2005 and 2006, the numbed of African-American women holding boared seats droppedfrom 7.14 percent to 5.75 percent and the numbetr of Asian-American women fell from 2.38 percent to 1.08. Not much improvement was made in terms of women occupying executivrepositions either, which remainesd stagnant at 8.
7 percent last year, according to the The largest obstacle to improvemenrt continues to be breaking familiar said Bayles, who is senio vice president for strategic operations and technology with in "If a company is not really focuseds on diversity, it's easy to take the easief path where there is just more available men. You really have to make a concerterd effort," Bayles said. The numbedr of companies in the top 100 withouyt women on their boards has dropped from 43 in 2005 to 40 last There also appears to be an upticklin "early adopters," those firma that have added femald directors over the past few years, which is cause for optimism, Bayles said.
Seven of the region's top publicx companies, , , , , , and , have 25 percenrt or more women ontheir boards. "It's hard for one personn to effect change, but when you have two or or threeor more, then people will start to and these women can really start to effect change on thesse boards," said Bankins, who is also senio vice president of CEO Resources, an executivw search firm in Philadelphia. Over the next 24 the Forum of Executive Women will target the 40 companiese in the region that do not have any femal e board members to identify and resolve obstacles throughdirect meetings, Bayles said.
To boost numbers, the grouo will also continue to serve as a resource for those looking to add female executives and boarsd members totheir ranks. That diversityy is something that could benefit all companies if they make the saidGayle Koolick, director of investment for Charming Shoppes of which has 56 percent of board seatx filled by women and women in 22 percenft of its executive positions.

Saturday, November 17, 2012

Boston launches solar power project - Boston Business Journal:

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Mayor Thomas M. Menino on Wednesday launched a $550,000, two-year initiative, Solae Boston, to increase the use of solar powerin Boston. The program is one of Mayore Menino's initiatives in positioning Boston to respond toclimate change, rising fuel prices, and the need for alternativwe sources of energy citywide. The goal of Solarr Boston is to increase the amount of installed solar capacity in Bostoh from half a megawatt today to 25 megawattasby 2015. Through a large procurement of solar energy systems on itsown buildings, Boston plans to lead by It also plans to supportr private sector solar projects as well.
In the and announced the installationm of a solar water heating system to be installeein May. "We are as committesd to making Fenway Park an innovator in sustainable energy as we are to preservingits beauty, and integrity," said Tom Werner, chairman of the Bostom Red Sox, in a statement. The new solar water heating system will replace 37 percent of the gas historically used inthe process, said Werner. Sola Boston is supported by thewith $150,000 in financial which the city was required to match, and DOE will provids the Boston solar team with up to $250,000 in technicalp assistance over a two year period.
Additiona l funding and in-kind support comes from the , National , and an anonymous foundation. In addition to Solaf Boston program funding, Massachusettsd through its Division ofEnergyt Resources, has provided $50,000 to support the city's solar thermall program. Upwards of $500,00 0 in capital funds has been set asided leveraging a totalof $1 million wortb of solar energy projectse to be installed on municipal facilities, includinvg , the , the , and the .
The mayoe also announced plans to explore creative financinb opportunities for othermunicipal facilities, such as third-partyg ownership arrangements where private companies install solar energy on city roofws at no cost, and sell power from the systems at prices competitive with grid

Thursday, November 15, 2012

VERSO PAPER CORP. : Reports Third Quarter 2012 Results - 4-traders

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VERSO PAPER CORP. : Reports Third Quarter 2012 Results

4-traders


"We experienced our typical seasonal pick-up in demand during the third quarter in both coated freesheet and coated groundwood shipments. Industry operating rates were strong even though we continue to see a year over year drop-off in advertising ...


Verso Paper Sees Third-Quarter Loss

Memphis Daily News



 »

Tuesday, November 13, 2012

Recession is excellent time to expand employees

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In a recession, continuing education programs are oftem targetedfor cuts. From Rick Osborn’s perspective, that’s a “It doesn’t make sense,” said the president. “In the short term, those kinds of cuts might work for a But in thelong run, you’re goin g to have to restore the It’s in a recession that companies should eithefr implement or step up continuing education programs — especiallt if there are layoffs, Osborn said. With layoffs, the employees who remain take onnew responsibilities, and they’re going to need new skillse for their revised job descriptions.
Continuinb education is broken into twomain divisions, degree-based programa and non-degree training or workforce development Some fields — think nursing, accounting, real estatr — require more formal re-licensing, either annually or everyg few years. When choosing continuinf education programs, employers in such fieldzs need to make sure the courses meet the standards set by the saidSara Meier, executive director of the and Training (www.iacet.org).
The IACET sets the standards for continuing educatio providers inseveral fields, from health care to The other kind of continuing educatioj programs involve professional development for employees to improved their skills, or learnj new ones. This more informal training may not be aprofessionalp requirement, but that’s no reason for companies to cut back on it in tougy times, said Osborn. Take a field like IT, which is constantlyg evolving. Employers in such an industrgy could offer continuing education to stay A 2007 study conducted bythe (www.shrm.org) and an online section of The Wall Street Journal found that 44 percentr of U.S.
companies offer some kind of professionak development. Of those that do, 80 percent provided that traininhg with continuingeducation courses. The study found that there’es a “shortage of skills in the availablelabor What’s more, entry-level workers are more likelgy to lack skills, a problem compounded by the retirementg of the baby boom generation, SHRM reportecd in the study. “Worker skills must evolve to meet the demands of anincreasingly technology-driven workplace,” the study “Skills training and professional development can provide not only the skillsx needed by the organization now but can also addrese anticipated future needs.
” Meanwhile, at the Association for Continuing Higher Education, Osborn advises companiesa looking to provide continuing education to turn to communitg colleges. In general, he said, communityg colleges have been more receptive to listening to whatbusinessezs want, and tailoring programs to thosw needs. He also said companies should go with more interactive programs andavoid one-size-fits-allk training. While that might fit for certain plenty of organizations require specialized While the cost of continuing education variesd widely from fieldto field, the consensus in the industrty is that quality professional development doesn’t come cheap.
Unless it’d a basic program businesses shouldx be prepared to make a sizable investment.

Sunday, November 11, 2012

Abercrombie shutting struggling Ruehl chain - The Business Journal of Milwaukee:

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The New Albany-based apparel merchant said Wednesday it willshut Ruehl’sz 29 stores and direct-to-consumer operations and will be “substantially complete” with the effort by the end of next The decision comes a month after Abercrombie (NYSE:ANF) took a deep strategix look at the chain, which targets young adult with clothes and accessories. Ruehl, whose only Ohio storwe is at EastonTown Center, generatedc a pretax operating loss of $58 million last The chain regularly was Abercrombie’s weakesr sales performer at stores open at least a year. Ruehl’s same-storr sales were off 33 percentin May. Abercrombie earnedc $272.3 million on $3.
54 billion in revenue last “It has been a difficult decision tocloss Ruehl, a brand we continus to believe could have been successful in different circumstances,” CEO Michaelp Jeffries said in a statement. “However, given the current economic environment, we believe it is in the best interests of the companuy to focus its efforts and resources on the growthh opportunities afforded by our other particularly internationally.” The company didn’rt disclose the effects on the chain’e work force, nor did it indicater the number of jobs tied to Ruehl.
The reviewe of Ruehl, which opened in cost the companyabout $51 million in impairmenr charges in its first quarter. Abercrombie expects to book about $65 million in pretax charges througjh the rest of the fiscal year as it windsdown Ruehl. The companty Wednesday also said it amended a credit agreemengt to excludesome Ruehl-related chargesx from requirements under its covenangt with the lender and reduced its available credift to $350 million from $450 million. Jeffriesz said the company is confident is has sufficieny cash on handbut “we believe it is prudenf to make these changes” in light of the recession-battered retaip environment and the one-time Ruehl costs.
In addition to the 29 Ruehlo stores, Abercrombie runs 350 flagship stores and 733 others undertthe Abercrombie, Hollister Co. and Gillyg Hicks nameplates.

Saturday, November 10, 2012

Bankruptcy filings soar in Florida

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percent increase in filings in the for the Middlew District of Florida in the 12 months endecMarch 31, compared to the same periox a year earlier. The increase in bankruptcy filings in the Middlse District of Florida outpaced the national increasew inbankruptcy filings. Nationally, bankruptcy filings for the 12-montu period ending March 31, 2009, were up 33.3 percentt over bankruptcy filings forthe 12-montbh period ending March 31, 2008, accordingt to statistics released by the administrative officre of the U.S. Courts. In the Middle District of Florida, there were 47,04 bankruptcy filings in the 12 monthd endedMarch 31, 2009, compared to 30,031 in the year endef March 31, 2008.
There had been 18,0167 bankruptcy filings in the year endedMarch 31, 2007. During the quarterd ended March 31, there were 13,33q2 total filings in the Middle District of including 9,687 Chapter 7 filings, 127 Chapter 11 and 3,513 Chapter 13 There were 683 business bankruptcies filed in the quarter ende March 31, including 507 businesses that sought to liquidates through Chapter 7, and 116 that soughf to reorganize their debts through Chapter 11. Therew also were a total of 12,649 non-business bankruptciew filed in the three months endedMarchu 31.

Friday, November 9, 2012

Cheryl Burke on 'Bachelorette' rumors: 'It would purely be to find someone to ... - Zap2it.com (blog)

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Zap2it.com (blog)


Cheryl Burke on 'Bachelorette' rumors: 'It would purely be to find someone to ...

Zap2it.com (blog)


cheryl-burke-bachelorette-gi.jpg A "Bachelorette" insider may have said that Cheryl Burke is "never" going to be handing out roses on the ABC reality dating show, but according to the "Dancing with the Stars" pro herself, it sounds like it's still a ...



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Wednesday, November 7, 2012

Eastern Market reopens Friday - Wichita Business Journal:

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The fire, in April 2007, gutted much of the 136-year-oldx market and left its vendorxs without apermanent home. The District set up a temporart home for many of those vendors nearby shortly after the Eastern Market, at 7th and C streetx SE, has now undergone a $22 millionn head-to-toe renovation, one many of its regularsa have called long overdue. Although the causw of the fire has never beenofficiallgy determined, it was widely believed to have been the result of faulty electrical wiring. Eastern Market’d reopening will see many of its original vendors returm to once again hawk everything from fresh meats and to flowers artand crafts.
Longtime Capitol Hill resident Jim Zaniello is among regulars who are lookint forward to returning tothe market. “It’s excitinb to know that all of our markey family will be back in the original building and that they will continue to be an importanf part of the Hill communityt for yearsto come,” he “Eastern Market is an integral part of life on the

Tuesday, November 6, 2012

Contractor accused of corruption, allegedly tied to convicted Lorain official - Chronicle-Telegram

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Contractor accused of corruption, allegedly tied to convicted Lorain official

Chronicle-Telegram


LORAIN รข€" Contractor Don Buchs is being accused of being paid for phantom demolition and cleanup work tied to disgraced former Community Development Director Sandy Prudhoff. Law Director Pat Riley told City Council members at their Monday meeting ...



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Sunday, November 4, 2012

Tea time: GSO entrepreneur learning what it takes to bottle her success - Memphis Business Journal:

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It turned out to be a costlgy reminder that her fledgling business stilll had several issues to work She was still applying labels by hand righg up until thedoors opened, and she wasn’ certain that the bold, colorful sunburst logo matchesd the upscale brand she wanted to Brown also traveled with only full-size 16-ounce bottles of her tea, forcing her to hand out eightg times more tea for free than if she had come with 2-ounce sample sizes. This year, Brown took her KimBees Gourmeft Sweet Tea exhibit back to Las Vegas withsmaller samples, eleganty labels to match her high-end marketingh plans, business cards and 1,000 brochuress to educate potential distributorsd and customers.
Organizers took Her company wonthrew awards, including a second- and third-place honor for best sweeteneed green tea and first place for best “That first year, we should have just gone to observer it and see what it was all Brown says. “We got smartefr this year, and everybodyg went crazy overour tea. They were expensive but they were allworth it. Now we know what to KimBees, founded in early 2008, has filled more than 10,000 bottles in the past two montha alone, selling about three-fourths of those and providinganother 2,50o or so for promotional Brown says she hopes to add at least three more flavors by year’s end.
She’s also in the earlyy stages of looking at options for her own bottlinyg plantin Greensboro. Brown sells tea out of her shop in the Southsid e neighborhood ofdowntown Greensboro, and a tea housw in Arizona has picked up her productd for sale. Online orders are growing, and Browb connected with several other potentialoutlets hotels, bookstores and cafes — as well as potentialo distributors at this year’s tea expo. “We’re still workinh on directing traffic over this she saysof Southside. “Some people still aren’t used to coming this far downtown. But it’s starting to pick up.
We’rs all helping to promote each other to get the word Growing upin Austin, Texas, Brown could frequentlgy be found on her family’s fron t porch. While others were busy making homemade ice Brown would brew sweet tea and experiment with different flavor combinations, trying to find ways to improvw a Southern staple and keep it from growin g boring. It remained a hobb y when she came to Greensboro as a manufacturingg majorat . Brown got a glimpse at the science of brewing when she tooka co-olp position with in Eden during college.
But the hobbyh moved to the back burnerwhen Brown, who says she long harborec an entrepreneur’s spirit, headed to Los Angelez to found Basketdoodle, a designer gift baske company for a celebrity clientele. That business took off, as the autographed photos of famous clients adorn her new shop in the Southsid neighborhoodcan attest. She first glimpsed that up-and-comingy section of downtown on a return trip to the Gate City back in 2005 to visitr friendsfrom college. A decision by Brown’s landlord back in L.A. to sell the building she rented provided the impetus she needed to move back toNortbh Carolina.
“He said he would sell it to mefor $2 Brown says with a chuckle, recalling the hefty price tag. “I ‘Are you sick? I make gift baskets. What you talking So she contactedBrenda Saufley, a broker with Allen Tate to look into setting up shop in Southside with an eye towards moving her basket company into a more stabled situation. “She told me she wanted to establish her own businessw here and wanted to be close to Saufley said.
“When I told her abou these units here wheres you can work downstairs andlive upstairs, combined with how the area was she just loved Friends and family encouraged her to brew up her flavoref sweet teas for sale, and Brownb again got the entrepreneurial itch. When Rhonda an assistant business and economics professorat , askedc Brown to speak to a Brown decided to use the groupo as a captive audience for taste-testing for her concoctions sweet green tea, almond green tea and a lemon-raspberry black tea.
The classx decided to take on bottling the tea as a Brown says she decided to market her firstf three flavors because no one else was offerintg much besides plainor lemon-flavored sweey tea. And most of those product s came in plastic bottlews and were sweetenedwith high-fructose corn syrup. Brown had a different visiom forher start-up tea company, called KimBeese for a nickname given by her godmother.

Saturday, November 3, 2012

Credit unions in alliance see mortgage volume rise - Washington Business Journal:

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“There’s a lot of turmoil in the mortgagee industry,” said Fred Becker, CEO of Arlington-base d NAFCU, a trade organization representing federalcredit unions. “This is reflectivr of that turmoil, in that peopl are turning to credit unions eithert to refinance or to purchase a The alliancebetween Arlington-basedr NAFCU and District-based Fannie Mae was formed in 2002 to give federaol credit unions more flexibilitty in their mortgage About a dozen Washington-area institution s participate in the alliance, which alloww credit unions to sell mortgages directl y to Fannie Mae. Many credit unions hold theif mortgages ontheir books.
But with low mortgag interest rates fueling a refinancing many lenders must sell more of their mortgages into the secondarg market to get money to meet the demane formore loans. Such was the case at Chantilly-basedd Justice Federal Credit which serves employees of the departmentsz of Justice andHomeland Security. It has seen its year-to-dats mortgage lending volume more than double from ayear ago.
“With mortgags rates at historic lows, our like that of many is atrecord levels,” said CEO Peter “Having the NAFCU alliance with Fannied Mae is helping us when we need it Year-to-date, Justice Federal has sold off about 30 percentr of the mortgages it has originated about twice the proportion it usuallty sells. A surge in demanc for fixed-rate mortgages led Kensington-based Lafayette Federa l Credit Union to sign on tothe NAFCU/Fanniwe Mae alliance in February. “You only have so many dollarszto lend,” said Bob Kemp, seniotr vice president of lending.
Access to the secondary marke “creates a newfound liquidit y that allows you to make more loans tomore members.” He estimatews that loan originations are up 20 to 25 percengt from a year ago, althougb now that Lafayette Federal has increased capacity, it plans to market mortgages more heavily. Lafayette Federak serves anyonewho lives, works or practices religio in parts of Montgomery County and as well as the employees of variousa government agencies and other employee groups.

Friday, November 2, 2012

Ivy Tech schedules hearing on tuition - Business First of Buffalo:

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in the fourth floor auditorium of the Northj Meridian Center atIvy Tech’s downtown Indianapolis campus. The campud is located 50 W. Fall Creek Parkway Nortuh Drive. The 2008-09 in-state student tuitiomn rate is $95 per creditt hour with a $40 per-semester technology fee. The proposee rates are $99.65 per credit hour with a $50 per-semester technologhy fee for the 2009-10 year and $104.55t per credit hour and $60 per-semester technology fee for the 2010-1 year. The cost for full-time students, who take 15 credit would increaseby $79.75 per semester in 2009-10 and by $83.59 in 2010-11.
Indiana residentd who want to address the committeebut can’t are encouraged to send writtehn comments to Bob Holmes, vice president for finance and treasurer of the college, at bholmes@ivytech.edu or mailedr to him at the Ivy Tech Communithy College, 50 W. Fall Creek Parkway North Drive, Ind., 46208. Ivy Tech, the state’s communityy college system, operates 23 campuses in including a Southern Indiana campusin