AP Technology NewsBrief at 2:10 am EST TMCnet (Associated Press Via Acquire Media NewsEdge) Skype adding Wi-Fi, 3G video calling to iPhone appSAN FRANCISCO (AP) _ A new version of the free iPhone app ... |
Thursday, December 30, 2010
AP Technology NewsBrief at 2:10 am EST - TMCnet
joep-detsamijasa.blogspot.com
Monday, December 27, 2010
Survey: Columbus CEOs back income tax hike - Business First of Columbus:
elzeyfirekuut1795.blogspot.com
percent, according to a new survey. , a Columbus-basecd market research and communications company, found that 53 percent of area CEOs supporyt the income tax increase whilee 43 percentoppose it. Columbus voters will decide in August whether to increasethe tax, which city officialxs contend is needed to stave off furthedr employee job losses and reducer services. The tax would bring in an estimatexd $97 million annually. Those living and who work in Columbusz would pay anadditional $50 on evert $10,000 in wages. The sent to 500 CEOs with 217answeringv it, also asked the chief executives theire opinions of the economy.
More than half responding to the surveyh said they see no signs of improvements inthe region’s economy and 55 percen t report that their organization’s financialo performance is worse now than at this time last year. More than half of the respondentsa said federal government actions to improvew the economywere “somewhat effective,” while 32 percent said steps by Presiden t Barack Obama and Congress have not been at all On the political front, the survet found that 67 percent of Columbusa CEOs would support Republicabn John Kasich in a hypothetical gubernatorial Twenty-three percent said they woul d support Democrat Ted Strickland .
Opinion Consultants Presiden t Thomas Sawyer said that inpast surveys, roughly 90 percent of area CEOs polled identified themselves as
percent, according to a new survey. , a Columbus-basecd market research and communications company, found that 53 percent of area CEOs supporyt the income tax increase whilee 43 percentoppose it. Columbus voters will decide in August whether to increasethe tax, which city officialxs contend is needed to stave off furthedr employee job losses and reducer services. The tax would bring in an estimatexd $97 million annually. Those living and who work in Columbusz would pay anadditional $50 on evert $10,000 in wages. The sent to 500 CEOs with 217answeringv it, also asked the chief executives theire opinions of the economy.
More than half responding to the surveyh said they see no signs of improvements inthe region’s economy and 55 percen t report that their organization’s financialo performance is worse now than at this time last year. More than half of the respondentsa said federal government actions to improvew the economywere “somewhat effective,” while 32 percent said steps by Presiden t Barack Obama and Congress have not been at all On the political front, the survet found that 67 percent of Columbusa CEOs would support Republicabn John Kasich in a hypothetical gubernatorial Twenty-three percent said they woul d support Democrat Ted Strickland .
Opinion Consultants Presiden t Thomas Sawyer said that inpast surveys, roughly 90 percent of area CEOs polled identified themselves as
Saturday, December 25, 2010
Lumiere stops recognizing warring union, affecting 750 workers - Charlotte Business Journal:
donnelly-formalisms.blogspot.com
Lawyers representing managementat -owned Lumiere sent letters Thursda to representatives of Locao 74 and its spinoff, , announcing a withdrawalo of recognition of Local 74. “The union has evinceed a lack of continuityof representation, alterinh the identity of the bargaining representativre and establishing a fundamentalk change in the bargaining DLA Piper lawyers representing Lumiere wrote to Dave Mortomn of Unite HERE Local 74 and Noel Beasleyg of Workers United.
Lumiere started receiving competing claims about which union was representing its kitchem andhousekeeping workers, creatingb confusion about the official union representation, said Todd George, general manager and vice president at “Our hope was that the unions would be able to work this out amongsf themselves,” he said. “We’re trying to stay out of the middlw of thesecompeting unions.
” He said Lumierde notified workers Thursday of the company’s decisioj to not recognize the As a result, Local 74 filed unfaier labor practice charges with the National Labor Relationss Board, said Morton, the organizing directoe for Local 74, who called Pinnacle's actionz "unlawful" and "ludicrous." “This has been nothing more than an attemptf by (Pinnacle Chairman and CEO) Dan Lee and the headx of Pinnacle Entertainment to be anti-union,” he said. Morton said the union would consider picketingbut hasn'tg made any decisions yet.
When asked about the possibility of a strike orother action, Georgre said: “We would hope that would not be the especially in this type of economy. That’s not the way we wouldc like to proceed.” If there is a strike, Lumiered has a right to replacr any workers who walk offthe job, accordinfg to Mack Bradley, a Lumiere spokesman. Unitd HERE was formed in 2004 when Unite, a garmenr workers union, and Hotel Employees and Restauranyt Employees Unionjoined forces. But the marriager wasn’t a happy one, with garment workers claiminfg that the newleadership didn’t care abougt their needs, leading to a lot of disgruntlec workers nationwide.
So in March, some workers defected to createsWorkers United, which has been competing with Unite HERE to representr workers nationwide ever since. Local 74 voted in March to leave Unitwe HERE to become a part ofWorkersd United, Morton said. Workerws United is now affiliated withlabor giant, . Pinnacle Entertainment Inc. PNK) is based in Las Vegas.
Lawyers representing managementat -owned Lumiere sent letters Thursda to representatives of Locao 74 and its spinoff, , announcing a withdrawalo of recognition of Local 74. “The union has evinceed a lack of continuityof representation, alterinh the identity of the bargaining representativre and establishing a fundamentalk change in the bargaining DLA Piper lawyers representing Lumiere wrote to Dave Mortomn of Unite HERE Local 74 and Noel Beasleyg of Workers United.
Lumiere started receiving competing claims about which union was representing its kitchem andhousekeeping workers, creatingb confusion about the official union representation, said Todd George, general manager and vice president at “Our hope was that the unions would be able to work this out amongsf themselves,” he said. “We’re trying to stay out of the middlw of thesecompeting unions.
” He said Lumierde notified workers Thursday of the company’s decisioj to not recognize the As a result, Local 74 filed unfaier labor practice charges with the National Labor Relationss Board, said Morton, the organizing directoe for Local 74, who called Pinnacle's actionz "unlawful" and "ludicrous." “This has been nothing more than an attemptf by (Pinnacle Chairman and CEO) Dan Lee and the headx of Pinnacle Entertainment to be anti-union,” he said. Morton said the union would consider picketingbut hasn'tg made any decisions yet.
When asked about the possibility of a strike orother action, Georgre said: “We would hope that would not be the especially in this type of economy. That’s not the way we wouldc like to proceed.” If there is a strike, Lumiered has a right to replacr any workers who walk offthe job, accordinfg to Mack Bradley, a Lumiere spokesman. Unitd HERE was formed in 2004 when Unite, a garmenr workers union, and Hotel Employees and Restauranyt Employees Unionjoined forces. But the marriager wasn’t a happy one, with garment workers claiminfg that the newleadership didn’t care abougt their needs, leading to a lot of disgruntlec workers nationwide.
So in March, some workers defected to createsWorkers United, which has been competing with Unite HERE to representr workers nationwide ever since. Local 74 voted in March to leave Unitwe HERE to become a part ofWorkersd United, Morton said. Workerws United is now affiliated withlabor giant, . Pinnacle Entertainment Inc. PNK) is based in Las Vegas.
Wednesday, December 22, 2010
Ergon Energy Using AMSC D-VAR STATCOM Tech To Increase Grid Reliability - Renew Grid
http://kitchensplusdesign.com/about.html
Ergon Energy Using AMSC D-VAR STATCOM Tech To Increase Grid Reliability Renew Grid (AMSC) has received a turnkey order for the company's D-VAR STATCOM reactive-compensation solution from Ergon Energy Corp. Ltd., an electricity distribution ... AMSC Announces Order for "Intelligent Grid" Solution from Australia's Ergon ... |
Monday, December 20, 2010
Launch of Empathica's Analyst Suite Delivers Powerful Capabilities for ... - San Francisco Chronicle (press release)
http://www.articlerich.com/Article/Wood-Flooring-for-Your-Living-Space/1186667
Launch of Empathica's Analyst Suite Delivers Powerful Capabilities for ... San Francisco Chronicle (press release) With the robust capabilities of Analyst Suite, analysts can now select criteria to extract data for custom reports, explore hypotheses and discover ... |
Friday, December 17, 2010
James E. Press Executive Profile
zemlyanikiyri.blogspot.com
Inc., Automotive Youth Educational Systems and the Detroit Area Councipl of the Boy Scouts of Press is a memberd of the Advisory Board for his alma Pittsburgh State University and the Switzet Center Schoolin Torrance, He serves on the Board of Trusteeds for the College for Creative Studies in Detroit and the Chadwick School in Rolling Hills, California. Recent News About Jamesw E. Press [Quote.com **All Executive profile data provided byDow Jones & Co., Inc.
Inc., Automotive Youth Educational Systems and the Detroit Area Councipl of the Boy Scouts of Press is a memberd of the Advisory Board for his alma Pittsburgh State University and the Switzet Center Schoolin Torrance, He serves on the Board of Trusteeds for the College for Creative Studies in Detroit and the Chadwick School in Rolling Hills, California. Recent News About Jamesw E. Press [Quote.com **All Executive profile data provided byDow Jones & Co., Inc.
Wednesday, December 15, 2010
The best lawyers spot little issues before they grow - San Francisco Business Times:
inupujyfab1211.blogspot.com
The question of when to hire an attorne depends largely on the size of the saidThomas Stahl, who manages corporate practice offices in Los Angeles, Denver, Washingtob and New York for LLC. Regardless, Stahl said, hiringt a corporate attorney in the beginning stagexs of establishing a business is the best plan of actio n because a good lawyer will set the operatio n up right the first preparing for almostevery eventuality. And almost evert company, no matter what its size, needs a lawyer, he said. “What kind of businesds are you looking toestablishh — do you want to go publi c or are you lookin g to start something smaller?
” he “Even for a private company, it comed down to whether or not you are raisinvg money. If you’re doing that, then therd are securities laws that need to be immediately and many new business owners forgeftabout that.” If a company is raising money, its lawyere needs to have securities experience, Stahk said. “Most people think that if they are raisinh money through friends and family it is no big but under the Federa lSecurities Act, if you’re on the phone raisinbg money, you are selling shares and are subjec t to regulatory laws,” he said.
“Iv you’re running a one- or two-man operatio n you may not have need of as much legapl advice as alarger company, but if you follow the rulesd from the start, you will protect yourself and your In terms of litigation, businesses should look for a corporatew attorney that can serve as an “issue spotter” and rais red flags when problem s are on the horizon, said Stevejn Spielvogel, a partner with in New York City and co-foundedr of the National Business Litigation “I used to teach a law school class, and one of the things I told my students was, if you’re an in-housr counsel, you need to be a trained issud spotter,” he said.
“For example, your lawyedr may not have any expertise in taxlaw litigation, but he or she need s to be able to identify and determinee who in the firm can handle thoses matters for you if something cropw up.” Spielvogel, who also serves as presideng of the International Network of Boutique Law Firms, said it’a important to make sure your attorney has expertisr in your specific area of business or type of “Make sure to check that the lawyer handlin g your case has handleed this particular type of matter before,” he “If you have a heart you go to a cardiologist; a brain issue a neurologist. The same goes for lawyers.
If you have an issuew on trademark infringement, check your lawyer’s Have they written papers on thissubject ? I think these things are Stahl said owners should look for an attorney who is familiard with each state’s “blue sky” as well as federal laws. If a business is financed only by those workintg inthe operation, then a simpler framework is “You can do a pretty bare-bones setu that won’t cost too much and will protecty your interests,” he said. “Some (limited liability can be donevery economically, if they’rwe done right.
Spielvogel and Stahl agreed that oncea client’ss needs have been ascertained, a law firm alwayd should be able to establishn what the costs will be upfront. Both attorneyd also emphasized doing research on thelawyed you’re considering hiring. Meet with the person check his orher background, and ask to speao to former clients. “Dol your due diligence,” Spielvogekl said. “Because if you pick the wrong it could be a very expensive nightmarefor
The question of when to hire an attorne depends largely on the size of the saidThomas Stahl, who manages corporate practice offices in Los Angeles, Denver, Washingtob and New York for LLC. Regardless, Stahl said, hiringt a corporate attorney in the beginning stagexs of establishing a business is the best plan of actio n because a good lawyer will set the operatio n up right the first preparing for almostevery eventuality. And almost evert company, no matter what its size, needs a lawyer, he said. “What kind of businesds are you looking toestablishh — do you want to go publi c or are you lookin g to start something smaller?
” he “Even for a private company, it comed down to whether or not you are raisinvg money. If you’re doing that, then therd are securities laws that need to be immediately and many new business owners forgeftabout that.” If a company is raising money, its lawyere needs to have securities experience, Stahk said. “Most people think that if they are raisinh money through friends and family it is no big but under the Federa lSecurities Act, if you’re on the phone raisinbg money, you are selling shares and are subjec t to regulatory laws,” he said.
“Iv you’re running a one- or two-man operatio n you may not have need of as much legapl advice as alarger company, but if you follow the rulesd from the start, you will protect yourself and your In terms of litigation, businesses should look for a corporatew attorney that can serve as an “issue spotter” and rais red flags when problem s are on the horizon, said Stevejn Spielvogel, a partner with in New York City and co-foundedr of the National Business Litigation “I used to teach a law school class, and one of the things I told my students was, if you’re an in-housr counsel, you need to be a trained issud spotter,” he said.
“For example, your lawyedr may not have any expertise in taxlaw litigation, but he or she need s to be able to identify and determinee who in the firm can handle thoses matters for you if something cropw up.” Spielvogel, who also serves as presideng of the International Network of Boutique Law Firms, said it’a important to make sure your attorney has expertisr in your specific area of business or type of “Make sure to check that the lawyer handlin g your case has handleed this particular type of matter before,” he “If you have a heart you go to a cardiologist; a brain issue a neurologist. The same goes for lawyers.
If you have an issuew on trademark infringement, check your lawyer’s Have they written papers on thissubject ? I think these things are Stahl said owners should look for an attorney who is familiard with each state’s “blue sky” as well as federal laws. If a business is financed only by those workintg inthe operation, then a simpler framework is “You can do a pretty bare-bones setu that won’t cost too much and will protecty your interests,” he said. “Some (limited liability can be donevery economically, if they’rwe done right.
Spielvogel and Stahl agreed that oncea client’ss needs have been ascertained, a law firm alwayd should be able to establishn what the costs will be upfront. Both attorneyd also emphasized doing research on thelawyed you’re considering hiring. Meet with the person check his orher background, and ask to speao to former clients. “Dol your due diligence,” Spielvogekl said. “Because if you pick the wrong it could be a very expensive nightmarefor
Sunday, December 12, 2010
Report: D.C. area posts a strong economic performance - Philadelphia Business Journal:
moffaiqohegesa1490.blogspot.com
The report ranked the 100 largest U.S. metro areax based on employment, unemployment rates, wages, gross metropolitanh product, housing prices and foreclosure rates in thefirsty quarter. D.C. ranked No. 13, whilwe San Antonio, Texas, placed No. 1 and Detroit came in last at No. 100. “Alkl metropolitan areas are feeling the effects ofthis recession, but the distresd is not shared equally,” said Alan research director of the metropolitanm policy program at the D.C. institute and co-authot of the report.
“While some areas of the countrt have experienced only ashallowa downturn, and may be emerging from the recessiob already, people living in metro areas that are now performint weakest economically should prepare themselves for a long recovery period.” At the first quarter’s end, only 10 of the 100 metrp areas were starting to show signs of said the report, and said McAllen, Texas was the only placre that saw growth in employmenr and output. Output increased in just a handful ofmetrok areas, including D.C.; Seattle; Texas; and Virginia Beach, Va..
The report also pointed out that metroo areas with concentrations of jobs in certain sectors have resulted in fewerr dramaticjob losses. The Rankings: San Texas Austin, Texas McAllen, Texas Baton La. Tulsa, Okla. Omaha, Neb. El Texas Wichita, Kan. Washington, D.C. Albuquerque, N.M. Virginiaq Beach, Va. Harrisburg, Pa. Pittsburgh, Pa. New Conn. Rochester, N.Y.
The report ranked the 100 largest U.S. metro areax based on employment, unemployment rates, wages, gross metropolitanh product, housing prices and foreclosure rates in thefirsty quarter. D.C. ranked No. 13, whilwe San Antonio, Texas, placed No. 1 and Detroit came in last at No. 100. “Alkl metropolitan areas are feeling the effects ofthis recession, but the distresd is not shared equally,” said Alan research director of the metropolitanm policy program at the D.C. institute and co-authot of the report.
“While some areas of the countrt have experienced only ashallowa downturn, and may be emerging from the recessiob already, people living in metro areas that are now performint weakest economically should prepare themselves for a long recovery period.” At the first quarter’s end, only 10 of the 100 metrp areas were starting to show signs of said the report, and said McAllen, Texas was the only placre that saw growth in employmenr and output. Output increased in just a handful ofmetrok areas, including D.C.; Seattle; Texas; and Virginia Beach, Va..
The report also pointed out that metroo areas with concentrations of jobs in certain sectors have resulted in fewerr dramaticjob losses. The Rankings: San Texas Austin, Texas McAllen, Texas Baton La. Tulsa, Okla. Omaha, Neb. El Texas Wichita, Kan. Washington, D.C. Albuquerque, N.M. Virginiaq Beach, Va. Harrisburg, Pa. Pittsburgh, Pa. New Conn. Rochester, N.Y.
Thursday, December 9, 2010
Lingle orders unpaid days off for workers - Kansas City Business Journal:
http://www.impermanent.net/siteinfo.html
In an address broadcast from theState Capitol, Linglre also said she would scale back free Medicaid benefites to low-income adults and said the state would delag paying some of its larger bills until July. The governor is also askiny the Judiciary, the Legislature, and the Office of Hawaiiaj Affairs to implement equivalent furlough days or restrict their Hawaii law does not alloa ordering furloughs for the Departmentof Education, the Universitg of Hawaii or the Hawaii Healtj Systems Corporation, but Lingle said their spending will be restrictesd in an amount equivalent to the three-days-per-month The furloughs, which start July 1, amount to aboug a 13.
8 percent pay cut, or abourt $5,500 for a worker makinh $40,000 a year. As with layoffs, Lingle does not have to negotiat the furloughs with any of the unions representingstatwe workers. Lingle has said she doesn’t want to lay off workers becauser of the disruptive effect of contractf rules that would enablre senior workersto “bump” junior even if they worked in different statre agencies. The furloughs will save $688 million. Lingle said the savinges are needed to close a gapof $730 million betweenb now and June 30, 2011, as forecastg by the state’s Council on Revenuee May 28. All told, Hawaii is expectedc to see tax revenue fallby $2.
7 billion over the next two “If we do not implement the furlougg plan, we would have to lay off up to 10,009 employees to realize an equivalent amount of savings,” Linglr said. The state has about 46,000 workers, including 21,000o employees of the Departmentof Education. Lingle blamed the fiscak shortfall on thelingering recession, risingh unemployment, dropping visitor arrivals, a decline in private building permits, a doublinyg of foreclosures, and record bankruptct levels. The state Legislature ended its sessiob last month by raising tax rates onhotelk rooms, high-income earners, luxury home transactionse and tobacco to help meet the budget shortfall.
But Lingle, a Republicamn whose vetoes of thosew measures were overridden bymajoritty Democrats, said she would not ask for additional tax She also rejected calls for legalizing gambling. Lingle noted that 70 perceny of state operating fundsz go to labor costs and that the state had providesd employee wage increase of between 16 and 29 percentg over the past fouryearsz “when our economy was thriving.
”
In an address broadcast from theState Capitol, Linglre also said she would scale back free Medicaid benefites to low-income adults and said the state would delag paying some of its larger bills until July. The governor is also askiny the Judiciary, the Legislature, and the Office of Hawaiiaj Affairs to implement equivalent furlough days or restrict their Hawaii law does not alloa ordering furloughs for the Departmentof Education, the Universitg of Hawaii or the Hawaii Healtj Systems Corporation, but Lingle said their spending will be restrictesd in an amount equivalent to the three-days-per-month The furloughs, which start July 1, amount to aboug a 13.
8 percent pay cut, or abourt $5,500 for a worker makinh $40,000 a year. As with layoffs, Lingle does not have to negotiat the furloughs with any of the unions representingstatwe workers. Lingle has said she doesn’t want to lay off workers becauser of the disruptive effect of contractf rules that would enablre senior workersto “bump” junior even if they worked in different statre agencies. The furloughs will save $688 million. Lingle said the savinges are needed to close a gapof $730 million betweenb now and June 30, 2011, as forecastg by the state’s Council on Revenuee May 28. All told, Hawaii is expectedc to see tax revenue fallby $2.
7 billion over the next two “If we do not implement the furlougg plan, we would have to lay off up to 10,009 employees to realize an equivalent amount of savings,” Linglr said. The state has about 46,000 workers, including 21,000o employees of the Departmentof Education. Lingle blamed the fiscak shortfall on thelingering recession, risingh unemployment, dropping visitor arrivals, a decline in private building permits, a doublinyg of foreclosures, and record bankruptct levels. The state Legislature ended its sessiob last month by raising tax rates onhotelk rooms, high-income earners, luxury home transactionse and tobacco to help meet the budget shortfall.
But Lingle, a Republicamn whose vetoes of thosew measures were overridden bymajoritty Democrats, said she would not ask for additional tax She also rejected calls for legalizing gambling. Lingle noted that 70 perceny of state operating fundsz go to labor costs and that the state had providesd employee wage increase of between 16 and 29 percentg over the past fouryearsz “when our economy was thriving.
”
Tuesday, December 7, 2010
PBGC asks to terminate Milacron pension plan - The Business Journal of the Greater Triad Area:
http://www.thekidstaskforce.com/software/566-using-a-computer-to-record-telephone-conversations.html
The federal agency filed a termination actionin U.S. District Court in Cincinnati on seeking judicial appointment as trustee ofthe plan’z assets and immediate termination of the company Milacron’s retirement plan is underfunded by an estimatexd $313 million, it said. The agency determined that Milacron’s retiremenr plan will be unable to pay benefits that come due and thatthe long-terk loss to the PBGC would be expecteed to increase, it Plan beneficiaries will continue to receive retirement benefits from the PBGC but at a reducede rate compared to the company-backed plan. Milacron and six subsidiaries filedd for Chapter 11 bankruptcy protection onMarch 10.
It has agreede to sell substantially all of its assetd to affiliates of and investors own the bulkof Milacron’xs senior secured notes and would not assume obligations to Milacronj retirees. The agreement is subject to bankruptcy courf approval and potential competing bids fromother parties. If no othee qualified bids are received byJune 24, Milacronb will request court approval of the sale on June 26. If at least one other qualified bidis received, an auction will be held on July 17, and Milacron’sa assets will be sold to the qualifiedx bidder submitting the highest and best subject to court approval, it said.
Milacrobn (OTCBB: MZIAQ) is a Batavia-basedr manufacturer of plastics processing machinery andrelateds technologies. Its Cimcool metalworking fluid business is basedin Oakley. The companuy was founded in Cincinnati in and by the middle of the 20th century had grow n to bethe world’s largest manufacturefr of machine tools. At one time it employec 15,000 people on its Oakley campus. It sold its machine tool operations in 1998 to concentrats on plasticsprocessing machinery, but the sale did not include a transferd of retirement plan obligationws to its former machine tool workers. It now employs fewedr than 1,000 people in Clermon t Countyand Oakley.
The federal agency filed a termination actionin U.S. District Court in Cincinnati on seeking judicial appointment as trustee ofthe plan’z assets and immediate termination of the company Milacron’s retirement plan is underfunded by an estimatexd $313 million, it said. The agency determined that Milacron’s retiremenr plan will be unable to pay benefits that come due and thatthe long-terk loss to the PBGC would be expecteed to increase, it Plan beneficiaries will continue to receive retirement benefits from the PBGC but at a reducede rate compared to the company-backed plan. Milacron and six subsidiaries filedd for Chapter 11 bankruptcy protection onMarch 10.
It has agreede to sell substantially all of its assetd to affiliates of and investors own the bulkof Milacron’xs senior secured notes and would not assume obligations to Milacronj retirees. The agreement is subject to bankruptcy courf approval and potential competing bids fromother parties. If no othee qualified bids are received byJune 24, Milacronb will request court approval of the sale on June 26. If at least one other qualified bidis received, an auction will be held on July 17, and Milacron’sa assets will be sold to the qualifiedx bidder submitting the highest and best subject to court approval, it said.
Milacrobn (OTCBB: MZIAQ) is a Batavia-basedr manufacturer of plastics processing machinery andrelateds technologies. Its Cimcool metalworking fluid business is basedin Oakley. The companuy was founded in Cincinnati in and by the middle of the 20th century had grow n to bethe world’s largest manufacturefr of machine tools. At one time it employec 15,000 people on its Oakley campus. It sold its machine tool operations in 1998 to concentrats on plasticsprocessing machinery, but the sale did not include a transferd of retirement plan obligationws to its former machine tool workers. It now employs fewedr than 1,000 people in Clermon t Countyand Oakley.
Saturday, December 4, 2010
Dayton Business Journal: Dayton Commercial Real Estate Listings - View Commercial Real Estate
andreychukuze.blogspot.com
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Thursday, December 2, 2010
Bill would plug loopholes in payday-lending reform - Business Courier of Cincinnati:
http://www.jkkfw.com/whats-new.php
State Rep. Matt Lundy, D-Elyria, said he plans to introduce a bill by the endof May, a measurde he hopes will augmen t a 2008 bill regulating paydahy lending rates – an effort some thin k fell short of its intended Lundy had planned to introduce the bill in March, and consumetr advocates have grown antsy with the The critics say their crusadd to cap payday lending rates losex momentum the longer the bill is held up.
“We’re concerned abou the fact that as the days go by and paydah lenders continueto operate, that they will make a strong case that the meanxs in which they operate oughtf to be continued,” said Tom Allio, senior director of the , whicbh pushes for public policies supported by the including payday lending reform. Lundy said he took into considerationn the eagerness of advocatezs to further crack down onpaydag lenders, but he wants to craft a bill that caps rate s once and for all. “We didn’t want the bill to look like Swissa cheese coming out of the he said.
Consumer advocates had hoped last year’s Housre Bill 545 would limit payday lenders to make loane at a 28 percentannualized rate, but lender moved to other Ohio lending provisions and continued charginfg triple-digit interest rates, to the chagrin of their Lundy said the aim of his bill is to close every option open to payday lenders attempting to chargs more than 28 percent APR, including fees.
Paydahy critics began pushing for the renewed effort when it become clealast year’s controversial bill wasn’t having the effect they had Rather than obtaining a newly created paydayh lending license, many begam using other lending statutes on the state’s Those provisions, although less profitable in many cases, allowed the shops to effectively lend at interest rates that topped triple digits by tackinyg on fees. While paydauy lenders had warned in their campaigbn torepeal H.B. 545 that the law wouldf wipe out the industry in many continue to operate inthe state.
Accordingv to a May 12 estimate made bythe , which overseese payday lenders, about 959 of the roughlt 1,600 payday shops open when the bill was introduced remaimn in business. Lundy’s legislative goal is to eliminatw any way for a payday lender to bringt in more than a 28 perceng APR fora loan, he said. The past few monthx were spent working with officials from Ohio and othere states to craft a bill that closespotentiao loopholes. “We haven’t taken our eye off of the We’ve just been making sure we were thorougjhabout it,” Lundy said.
He said he intendse to prohibit payday lenders from operatinga check-cashing businesds within a lending shop, so they can’ issue loan checks that they can cash on site for a fee. The bill also coulds prohibit accompanying fees, such as a “credity check” levy on he said. Another part of the bill could prohibit payda stores from requiring borrowers to undergo a credit counseling session for a fee beford receiving aloan – a money-makinyg method employed by payday lenders outsidse Ohio, Lundy said. Though the delayz have frustrated some, a strong bill will be wort h the wait, said Bill Faith, executivd director of the in Ohio and a criticf ofpayday lenders.
“One thing abouty the process is that it has been thoroughlyhvetted out, and in some ways that coulsd help expedite its passage once it is he said. Faith said he hopes the bill can be passede in the House before the breaks for the Payday lenders willbe watching. The limitations beingh discussed would almost certainly put the industryt out of businessin Ohio, paydah lenders say. “No one is offering a product undefr the 28 percent APR becausethey can’tr be,” said Jeff Kursman, a spokesman for Mason-based Check ’n Go, a chain of lending stores.
“It would put them out of Check ’n Go had 72 payday shopxs in the state before the 2008bill passed, and has sincw reduced the network to 28. It has more than 1,00o stores nationally. State Rep. Matt D-Elyria, is preparing to introduce a bill he hopesx will put in place effective restrictions on what paydah lenders cancharge borrowers. His work on the bill has focusedc on closing potential loopholes that coulde allow payday lenders to continurecharging triple-digit rates for loans.
Planned provisionsx include: Prohibit payday lenders from operatin ga check-cashing business within payday lending so they can’t issue loans in the form of checks that will then be cashexd on site for a fee. Prohibirt charging any loan fees besides the maximuj 28percent APR. Prohibit payda lenders from requiring borrowers to undergo a credig counseling session for a fee before receiving a loan a method of makinvg money employed by some payday lenders outsideof
State Rep. Matt Lundy, D-Elyria, said he plans to introduce a bill by the endof May, a measurde he hopes will augmen t a 2008 bill regulating paydahy lending rates – an effort some thin k fell short of its intended Lundy had planned to introduce the bill in March, and consumetr advocates have grown antsy with the The critics say their crusadd to cap payday lending rates losex momentum the longer the bill is held up.
“We’re concerned abou the fact that as the days go by and paydah lenders continueto operate, that they will make a strong case that the meanxs in which they operate oughtf to be continued,” said Tom Allio, senior director of the , whicbh pushes for public policies supported by the including payday lending reform. Lundy said he took into considerationn the eagerness of advocatezs to further crack down onpaydag lenders, but he wants to craft a bill that caps rate s once and for all. “We didn’t want the bill to look like Swissa cheese coming out of the he said.
Consumer advocates had hoped last year’s Housre Bill 545 would limit payday lenders to make loane at a 28 percentannualized rate, but lender moved to other Ohio lending provisions and continued charginfg triple-digit interest rates, to the chagrin of their Lundy said the aim of his bill is to close every option open to payday lenders attempting to chargs more than 28 percent APR, including fees.
Paydahy critics began pushing for the renewed effort when it become clealast year’s controversial bill wasn’t having the effect they had Rather than obtaining a newly created paydayh lending license, many begam using other lending statutes on the state’s Those provisions, although less profitable in many cases, allowed the shops to effectively lend at interest rates that topped triple digits by tackinyg on fees. While paydauy lenders had warned in their campaigbn torepeal H.B. 545 that the law wouldf wipe out the industry in many continue to operate inthe state.
Accordingv to a May 12 estimate made bythe , which overseese payday lenders, about 959 of the roughlt 1,600 payday shops open when the bill was introduced remaimn in business. Lundy’s legislative goal is to eliminatw any way for a payday lender to bringt in more than a 28 perceng APR fora loan, he said. The past few monthx were spent working with officials from Ohio and othere states to craft a bill that closespotentiao loopholes. “We haven’t taken our eye off of the We’ve just been making sure we were thorougjhabout it,” Lundy said.
He said he intendse to prohibit payday lenders from operatinga check-cashing businesds within a lending shop, so they can’ issue loan checks that they can cash on site for a fee. The bill also coulds prohibit accompanying fees, such as a “credity check” levy on he said. Another part of the bill could prohibit payda stores from requiring borrowers to undergo a credit counseling session for a fee beford receiving aloan – a money-makinyg method employed by payday lenders outsidse Ohio, Lundy said. Though the delayz have frustrated some, a strong bill will be wort h the wait, said Bill Faith, executivd director of the in Ohio and a criticf ofpayday lenders.
“One thing abouty the process is that it has been thoroughlyhvetted out, and in some ways that coulsd help expedite its passage once it is he said. Faith said he hopes the bill can be passede in the House before the breaks for the Payday lenders willbe watching. The limitations beingh discussed would almost certainly put the industryt out of businessin Ohio, paydah lenders say. “No one is offering a product undefr the 28 percent APR becausethey can’tr be,” said Jeff Kursman, a spokesman for Mason-based Check ’n Go, a chain of lending stores.
“It would put them out of Check ’n Go had 72 payday shopxs in the state before the 2008bill passed, and has sincw reduced the network to 28. It has more than 1,00o stores nationally. State Rep. Matt D-Elyria, is preparing to introduce a bill he hopesx will put in place effective restrictions on what paydah lenders cancharge borrowers. His work on the bill has focusedc on closing potential loopholes that coulde allow payday lenders to continurecharging triple-digit rates for loans.
Planned provisionsx include: Prohibit payday lenders from operatin ga check-cashing business within payday lending so they can’t issue loans in the form of checks that will then be cashexd on site for a fee. Prohibirt charging any loan fees besides the maximuj 28percent APR. Prohibit payda lenders from requiring borrowers to undergo a credig counseling session for a fee before receiving a loan a method of makinvg money employed by some payday lenders outsideof
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