Bouche '14: No sincere solutions can come from austerity The Brown Daily Herald In days when layoffs are industry standard and austerity leads to uprisings, no town in America slips through unscathed. With Providence's cash flow set to run dry by June, this debt hysteria is hitting home. Providence Mayor Angel Taveras has so far ... |
Wednesday, February 29, 2012
Bouche '14: No sincere solutions can come from austerity - The Brown Daily Herald
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Monday, February 27, 2012
Report: Columbus holding its own amid recession - South Florida Business Journal:
http://www.lz5az.com/2008/03/a-small-business-marketing-success-story-pink-cake-box/
A report from Washington, D.C.-based liberal public-policy think tank dubbed the MetroMonitor bills itsel asa “beneath the recession-era look at metros with more than 500,000 residentws as of 2007. The report placex the Columbus metropolitan statistical area 40th among thoser ranked forits strength, base on employment, unemployment, wage, output, home prices and foreclosure data. No other Ohio city made the top 50. Cleveland, Akron and Dayton foundx slots from 61stto 80th. Toledo was ranked the 10th-weakest major metropolitan area nationwide. Leadingb the pack in the reportg wasSan Antonio, one of four Texas cities amon g the nation’s top five.
Detroit was rankesd last, followed by Cape Coral, Fla., and Calif., two areas devastatef by the foreclosure crisis. Brookings found that the metropolitan perspectiveron states’ performance amid the recessioj “suggests that recovery may be quite uneven as posing particular challenges for policymakerws seeking to ensure a truly national rising economixc tide.” Columbus’ strengths and weaknessee in the report varied. The city rankeds 25th for its 1.7 percent decline in employment sinced its peak earlierthis decade. Columbus foundx itself at 32nd for itsmodest 0.
4 percent gain in inflation-adjusteds housing prices for the first three months of 2008 comparedc with the same period this But the city was ranked near the bottom of the list, at 80th, for the 4.8 perceny decline in its gross metropolitabn product – a measure of the goods and services produced in the area – in the firsyt quarter of 2009 compared with its pre-recessionb peak. Comparing the last threde months of 2008 with the first quarter this year the GMPdropped 1.7 percent, representing the 14th-worst declins among the cities measured. To download the full click .
A report from Washington, D.C.-based liberal public-policy think tank dubbed the MetroMonitor bills itsel asa “beneath the recession-era look at metros with more than 500,000 residentws as of 2007. The report placex the Columbus metropolitan statistical area 40th among thoser ranked forits strength, base on employment, unemployment, wage, output, home prices and foreclosure data. No other Ohio city made the top 50. Cleveland, Akron and Dayton foundx slots from 61stto 80th. Toledo was ranked the 10th-weakest major metropolitan area nationwide. Leadingb the pack in the reportg wasSan Antonio, one of four Texas cities amon g the nation’s top five.
Detroit was rankesd last, followed by Cape Coral, Fla., and Calif., two areas devastatef by the foreclosure crisis. Brookings found that the metropolitan perspectiveron states’ performance amid the recessioj “suggests that recovery may be quite uneven as posing particular challenges for policymakerws seeking to ensure a truly national rising economixc tide.” Columbus’ strengths and weaknessee in the report varied. The city rankeds 25th for its 1.7 percent decline in employment sinced its peak earlierthis decade. Columbus foundx itself at 32nd for itsmodest 0.
4 percent gain in inflation-adjusteds housing prices for the first three months of 2008 comparedc with the same period this But the city was ranked near the bottom of the list, at 80th, for the 4.8 perceny decline in its gross metropolitabn product – a measure of the goods and services produced in the area – in the firsyt quarter of 2009 compared with its pre-recessionb peak. Comparing the last threde months of 2008 with the first quarter this year the GMPdropped 1.7 percent, representing the 14th-worst declins among the cities measured. To download the full click .
Saturday, February 25, 2012
Trial begins for former Rutgers student Ravi - Philadelphia Inquirer
http://thailandclimate.net/Originally-Attracted/97.html
Philadelphia Inquirer | Trial begins for former Rutgers student Ravi Philadelphia Inquirer McClure c » |
Thursday, February 23, 2012
Silicon Valley leaders line up for 49ers' move - Phoenix Business Journal:
yzirapogyg.wordpress.com
“The City of Santa Clar a should be commended for thei rtough negotiations,” said Stone in a statemenyt from the group. The Santa Clara City Counci voted in the wee hours of Wednesdayh morning to approve financing plans fora $937 millionh stadium for the 49ers, setting the stags for a citywide ballot question in City Councilors Will Kennedy and Jamie McLeod were the only ones to side with the dissentersw in the audience who opposed any publicf subsidy for the stadium.
As part of a 40-year agreemenyt with the 49ers, city officials agreed to contribute $79 milliojn to the project, including $42 million in redevelopmenyt agency funds, $20 million from the city-owned utilityh district to relocate an electrical substation near the siteand $17 milliojn to build a parking garage. That figure is well belo w the $222 million city officials proposed spending on the projectg when it was first proposed twoyears ago, as they citeds the poor economy and shrinking city revenue as reasonsx for a much-reduced contribution.
Another $35 million would be raised by a tax on guests staying at any one of eighy hotels inthe city's North Bayshorre redevelopment area surrounding Great America. “You can’t help but be impressesd when you look at the deal Santa Clara negotiated and compar e it with the hundreds of millions of dollars that other cities throughout the country have investef instadium deals,” Stone said in the statemengt of support issued by regionao leaders. Other members of the coalitionb agree. “You see a but my members see jobs,” said Neil Struthers, the head of the Santaz Clara County BuildingTrades Council.
“Many hardworking people in the Soutgh Bay have been hurt by the downturnn inthe economy. Right now, thered aren’t many other companies like the 49ers willing to invesyt hundreds of millions of dollars into a constructionj project that will put thousandd of people backto work.” Otherw who joined the statement of support include Statwe Senator Elaine Alquist, State Assemblymab Joe Coto, San Jose City Councilors Pete Constant and Sam Silicon Valley Leadership Group CEO Carl Guardino and San Jose Conventiom & Visitors Bureau CEO Dan Fenton.
“The City of Santa Clar a should be commended for thei rtough negotiations,” said Stone in a statemenyt from the group. The Santa Clara City Counci voted in the wee hours of Wednesdayh morning to approve financing plans fora $937 millionh stadium for the 49ers, setting the stags for a citywide ballot question in City Councilors Will Kennedy and Jamie McLeod were the only ones to side with the dissentersw in the audience who opposed any publicf subsidy for the stadium.
As part of a 40-year agreemenyt with the 49ers, city officials agreed to contribute $79 milliojn to the project, including $42 million in redevelopmenyt agency funds, $20 million from the city-owned utilityh district to relocate an electrical substation near the siteand $17 milliojn to build a parking garage. That figure is well belo w the $222 million city officials proposed spending on the projectg when it was first proposed twoyears ago, as they citeds the poor economy and shrinking city revenue as reasonsx for a much-reduced contribution.
Another $35 million would be raised by a tax on guests staying at any one of eighy hotels inthe city's North Bayshorre redevelopment area surrounding Great America. “You can’t help but be impressesd when you look at the deal Santa Clara negotiated and compar e it with the hundreds of millions of dollars that other cities throughout the country have investef instadium deals,” Stone said in the statemengt of support issued by regionao leaders. Other members of the coalitionb agree. “You see a but my members see jobs,” said Neil Struthers, the head of the Santaz Clara County BuildingTrades Council.
“Many hardworking people in the Soutgh Bay have been hurt by the downturnn inthe economy. Right now, thered aren’t many other companies like the 49ers willing to invesyt hundreds of millions of dollars into a constructionj project that will put thousandd of people backto work.” Otherw who joined the statement of support include Statwe Senator Elaine Alquist, State Assemblymab Joe Coto, San Jose City Councilors Pete Constant and Sam Silicon Valley Leadership Group CEO Carl Guardino and San Jose Conventiom & Visitors Bureau CEO Dan Fenton.
Tuesday, February 21, 2012
GM responds to Texas AG's claims - South Florida Business Journal:
afyfojahejus.blogspot.com
Abbott alleges that Detroit-based GM is trying to free itself from Texas law that protects local dealers from the negativew impact ofa manufacturer’s modification of a franchise withougt first giving the dealers noticwe of the changes and a right to protest them. GM respondef to the objection Friday afternoon saying: "On June 1, GM filed for Chaptedr 11 bankruptcy. As such, GM is subject to the jurisdiction of the bankruptcy court and will obviously followwthat court's orders with respect to dealer contracts. We are not goingv to comment on theAttorney General'sx press release other than to say respectfully, that we thinkj his statement is misplaced.
GM takes very seriouslu its obligation to comply with allapplicable law." In Abbott’s office claims in the official objectionm that GM is trying to get past Texass law that protects dealers from feeling pressured to accept inventory that they woulfd not order voluntarily. The attorney general also claims that GM is tryiny to deny Texas GM dealershipws the right to carry other brand in their plans for anew GM.
Other allegations from Abbott’xs office are that GM is tryiny to limitTexas dealers’ warranty claimz and is seeking to dodge Texas law that allows dealerships the right to protest the opening of another dealet if it is located within the same countu or within a 15-mile radius and carries the same In a statement abouft Texas’ objections to the federally backed GM, Abbott’ s office said, “GM is putting dealerships across Texas — and thousands of their employees at risk. The new federall y controlled GM that emerges from bankruptcy wants to be freexd from Texas laws that require it to deal fairly withlocakl dealerships.
Its plan will move the business toward a command economy modek and away from a freemarket model.”
Abbott alleges that Detroit-based GM is trying to free itself from Texas law that protects local dealers from the negativew impact ofa manufacturer’s modification of a franchise withougt first giving the dealers noticwe of the changes and a right to protest them. GM respondef to the objection Friday afternoon saying: "On June 1, GM filed for Chaptedr 11 bankruptcy. As such, GM is subject to the jurisdiction of the bankruptcy court and will obviously followwthat court's orders with respect to dealer contracts. We are not goingv to comment on theAttorney General'sx press release other than to say respectfully, that we thinkj his statement is misplaced.
GM takes very seriouslu its obligation to comply with allapplicable law." In Abbott’s office claims in the official objectionm that GM is trying to get past Texass law that protects dealers from feeling pressured to accept inventory that they woulfd not order voluntarily. The attorney general also claims that GM is tryiny to deny Texas GM dealershipws the right to carry other brand in their plans for anew GM.
Other allegations from Abbott’xs office are that GM is tryiny to limitTexas dealers’ warranty claimz and is seeking to dodge Texas law that allows dealerships the right to protest the opening of another dealet if it is located within the same countu or within a 15-mile radius and carries the same In a statement abouft Texas’ objections to the federally backed GM, Abbott’ s office said, “GM is putting dealerships across Texas — and thousands of their employees at risk. The new federall y controlled GM that emerges from bankruptcy wants to be freexd from Texas laws that require it to deal fairly withlocakl dealerships.
Its plan will move the business toward a command economy modek and away from a freemarket model.”
Sunday, February 19, 2012
AC's dynamic duo - Boston Herald
afukakuja.wordpress.com
AC's dynamic duo Boston Herald By Dan Ventura / In The Paint At the start of the 2008-09 season, Brady got his first look in practice at Arlington Catholic guards Emma Roberson and Nicole Catizone, two standout freshmen about whom he had heard plenty of good things. |
Friday, February 17, 2012
Heritage Valley Health System reaches deal to enhance electronic medical records system - Dallas Business Journal:
gonyzyf.wordpress.com
The gear allows Heritage’s 150 employed doctorw to electronically transmit prescriptions and access patienf medical records from laptops andhandheldx computers, reducing errors and streamlining care. The industrg average for buying electronid medical record systemsis $10,00 per doctor, although the exact amount of the Heritage Valley contracft was not available. Previously, Heritagr Valley received a $661,500 grant throug health insurance giant to help pay forthe upgrade.
In additiom to two hospitals, Heritags Valley has two surgery two cancer treatment centers and a numbetof community-based diagnostic and treatment facilitiesx to treat patients from Allegheny, Beaver, Butler and Lawrence counties, and partes of West Virginia and Allscripts began helping Heritage develop its electronic recordkeepin g system in 2006. “As an integratedf delivery network, we’re relying on the Allscripts solutiojn to help us creater a single electronic patient record that will drive greater integration and improvemenrt incare delivery,” Heritage President and CEO Norm Mitr said in a prepared statement.
The gear allows Heritage’s 150 employed doctorw to electronically transmit prescriptions and access patienf medical records from laptops andhandheldx computers, reducing errors and streamlining care. The industrg average for buying electronid medical record systemsis $10,00 per doctor, although the exact amount of the Heritage Valley contracft was not available. Previously, Heritagr Valley received a $661,500 grant throug health insurance giant to help pay forthe upgrade.
In additiom to two hospitals, Heritags Valley has two surgery two cancer treatment centers and a numbetof community-based diagnostic and treatment facilitiesx to treat patients from Allegheny, Beaver, Butler and Lawrence counties, and partes of West Virginia and Allscripts began helping Heritage develop its electronic recordkeepin g system in 2006. “As an integratedf delivery network, we’re relying on the Allscripts solutiojn to help us creater a single electronic patient record that will drive greater integration and improvemenrt incare delivery,” Heritage President and CEO Norm Mitr said in a prepared statement.
Wednesday, February 15, 2012
Cris Carter, Randy Moss engage in good ol' feud - Yahoo! Sports
pabigy.wordpress.com
Yahoo! Sports | Cris Carter, Randy Moss engage in good ol' feud Yahoo! Sports Randy Moss has announced his intention of returning to the NFL after one season off and he's attempting a comeback with the gloves off. Moss fired back on Cris Carter, his former teammate with the Minnesota Vikings, and our friend Kevin Seifert, ... |
Monday, February 13, 2012
AG objects to GM bankruptcy - Nashville Business Journal:
fixyruw.wordpress.com
“While we hope that in the end, GM will emergwe stronger and more resilient,” Cordray said in a “we cannot let big-business bankruptciesa in federal court trample over state Much like theChrysler sale, Cordray’xs objections involve issues over compensation benefits liability and reconciling the bankruptcy with statse law regulating automobile dealerships. GM has notified 1,324 dealerships that they will not have theif franchiseagreement renewed, including 79 in Ohio. Individuall dealerships haven’t been publicluy disclosed.
Cordray also filed a limited objection over the effect it coulr haveon Ohio’s Lemon Law and tax refunds owed to the statre Taxation Department.
“While we hope that in the end, GM will emergwe stronger and more resilient,” Cordray said in a “we cannot let big-business bankruptciesa in federal court trample over state Much like theChrysler sale, Cordray’xs objections involve issues over compensation benefits liability and reconciling the bankruptcy with statse law regulating automobile dealerships. GM has notified 1,324 dealerships that they will not have theif franchiseagreement renewed, including 79 in Ohio. Individuall dealerships haven’t been publicluy disclosed.
Cordray also filed a limited objection over the effect it coulr haveon Ohio’s Lemon Law and tax refunds owed to the statre Taxation Department.
Friday, February 10, 2012
County opens 20,000 acres to growth - Business First of Columbus:
ofycagvezi.blogspot.com
That acreage is about one-thirdf larger than the city ofRanch Cordova. But alongside thosed acres of new development, the General Plan 2030 also calls for21st century-stylr growth by rerouting some development to infill sites as well as to decayinb and underutilized commercial corridors. The plan anticipates the unincorporated portions of the county willneed 99,700 new homes over the next 20 about 50,000 more than can be accommodated within its existing urbam area. The proposed general plan was first presented Monday to officials atSacrament County’s Planning Commission. It ultimately must be approved by the Boarfdof Supervisors.
The plan has been seven years in the Much has changed duringthat period, including the proliferationj of sustainable design, the region’s blueprintt for “smart growth” and the rise and devastatinh fall of the housing It may be an onerous task for stafdf to mull decades of population and economic growtbh at a time when no one is building new shopping centers or offices. But just as landowners have been usinf the downtime to plan for a returm of theconstruction market, planners have been anticipatingh growth patterns over the long haul.
“Onr thing we’re trying to champion is complete communitiee with a mix of developmentand (to) integrated uses as much as possible,” planner Davi d DeFanti said. “That means a diversity of housing, retail.” The proposed general plan followsthe region’w blueprint for smart growtnh that values infill and eschews leapfrov development. Principal planner Leighann Moffitt said it does not ask officials to expandfthe county’s urban services boundary, which is a near-sacrosanctr border established in 1993 betweenj urban and rural land.
But it does envisio expanding the county’s urban policy a line that marks theexisting urban-rural divide and occasionall shifts farther out from the urbam core. There are two main new growth areaes underthis plan, both with multiple landowners. The first compriseds 12,000 acres of industrial and agricultural land alongg the Jackson Highway corridor betweeh Sacramento andRancho Cordova. It includezs mining property owned by the Teichert group ofcompaniezs that’s envisioned to be developecd into new communities as mining operations wind The second area of growth consistws of 8,000 acres of primarily grazing land east of Granyt Line Road bordering Rancho Cordova.
Promineng land developer controlsabout 2,400 acrese of that property and was the firsy to propose a new community there. Last year, Conwy submitteed an application for an expansive set of villagexs and other development that includezsa full-scale residential campus for the . “There was an initial concer this isleapfrog development, but we are contiguous to existinf development,” said Michelle a spokeswoman for noting that the project borders Rancho Cordova’s Sunrise-Douglas Community Plan. A groundbreakingt for the university was originally expected next year but that has been pushedxto 2011, Smira said.
In accordance with the county’zs blueprint for smart growth, General Plan 2030 directss some growth toinfill sites. These includ parcels near the former McClellann Air Baseand under-used sites in the county’s 14 commercia l corridors. Moffitt said the transformation of McClella n into a business park has opened up areas of development that previously had been restricte due to noise and safety The areas being considered near the base are west of Watt Before the realestate downturn, developers had been proposing projects in that area, she Perhaps the most unconventional aspecf of the proposed General Plan is the decision to revitalizer commercial corridors, such as stretches of Watt Avenuse and Folsom Boulevard.
County staff estimated the plan could allow anadditionakl 19,000 homes along those corridors. That would eliminate the need to put those homed onagricultural land. Smaller parcelzs scattered throughout the county could accommodatr thousandsmore homes. Planning for four of the commerciak corridors alreadyhas started, principal planner Tricia Stevens said. The idea is to revampl restrictive zoning and allowmixede uses, including homes and apartments, in areas that previouslhy were limited to strip centers. The countt also plans to make the corridors more attractive by burying utility planting vegetation and enhancingthe streetscapes.
Althougn cash is tight at the Stevens said funding will come from grants and redevelopment money generatedx through taxes inredevelopment zones. The procese of writing a general plan has taken so long that one majot new growth project originally envisioned as part of the plan is alreadgyunder way. applied to rezone a portion of 6,00o acres it owns for redevelopmentlast year. The aerospace companh wants todevelop 4,800 residential lots as well as commerciall and office space on 1,391 acres south of Highway 50 between Rancho Cordova and Folsomk in the Easton planning area. General Plan 2030 is next due beforde the county Planning Commission onJune 22. Other workshop could follow.
It could be the fall before it is formallty adopted by the Boardof Supervisors. “The purpose of the plan is to set DeFanti said. “The details will follow.”
That acreage is about one-thirdf larger than the city ofRanch Cordova. But alongside thosed acres of new development, the General Plan 2030 also calls for21st century-stylr growth by rerouting some development to infill sites as well as to decayinb and underutilized commercial corridors. The plan anticipates the unincorporated portions of the county willneed 99,700 new homes over the next 20 about 50,000 more than can be accommodated within its existing urbam area. The proposed general plan was first presented Monday to officials atSacrament County’s Planning Commission. It ultimately must be approved by the Boarfdof Supervisors.
The plan has been seven years in the Much has changed duringthat period, including the proliferationj of sustainable design, the region’s blueprintt for “smart growth” and the rise and devastatinh fall of the housing It may be an onerous task for stafdf to mull decades of population and economic growtbh at a time when no one is building new shopping centers or offices. But just as landowners have been usinf the downtime to plan for a returm of theconstruction market, planners have been anticipatingh growth patterns over the long haul.
“Onr thing we’re trying to champion is complete communitiee with a mix of developmentand (to) integrated uses as much as possible,” planner Davi d DeFanti said. “That means a diversity of housing, retail.” The proposed general plan followsthe region’w blueprint for smart growtnh that values infill and eschews leapfrov development. Principal planner Leighann Moffitt said it does not ask officials to expandfthe county’s urban services boundary, which is a near-sacrosanctr border established in 1993 betweenj urban and rural land.
But it does envisio expanding the county’s urban policy a line that marks theexisting urban-rural divide and occasionall shifts farther out from the urbam core. There are two main new growth areaes underthis plan, both with multiple landowners. The first compriseds 12,000 acres of industrial and agricultural land alongg the Jackson Highway corridor betweeh Sacramento andRancho Cordova. It includezs mining property owned by the Teichert group ofcompaniezs that’s envisioned to be developecd into new communities as mining operations wind The second area of growth consistws of 8,000 acres of primarily grazing land east of Granyt Line Road bordering Rancho Cordova.
Promineng land developer controlsabout 2,400 acrese of that property and was the firsy to propose a new community there. Last year, Conwy submitteed an application for an expansive set of villagexs and other development that includezsa full-scale residential campus for the . “There was an initial concer this isleapfrog development, but we are contiguous to existinf development,” said Michelle a spokeswoman for noting that the project borders Rancho Cordova’s Sunrise-Douglas Community Plan. A groundbreakingt for the university was originally expected next year but that has been pushedxto 2011, Smira said.
In accordance with the county’zs blueprint for smart growth, General Plan 2030 directss some growth toinfill sites. These includ parcels near the former McClellann Air Baseand under-used sites in the county’s 14 commercia l corridors. Moffitt said the transformation of McClella n into a business park has opened up areas of development that previously had been restricte due to noise and safety The areas being considered near the base are west of Watt Before the realestate downturn, developers had been proposing projects in that area, she Perhaps the most unconventional aspecf of the proposed General Plan is the decision to revitalizer commercial corridors, such as stretches of Watt Avenuse and Folsom Boulevard.
County staff estimated the plan could allow anadditionakl 19,000 homes along those corridors. That would eliminate the need to put those homed onagricultural land. Smaller parcelzs scattered throughout the county could accommodatr thousandsmore homes. Planning for four of the commerciak corridors alreadyhas started, principal planner Tricia Stevens said. The idea is to revampl restrictive zoning and allowmixede uses, including homes and apartments, in areas that previouslhy were limited to strip centers. The countt also plans to make the corridors more attractive by burying utility planting vegetation and enhancingthe streetscapes.
Althougn cash is tight at the Stevens said funding will come from grants and redevelopment money generatedx through taxes inredevelopment zones. The procese of writing a general plan has taken so long that one majot new growth project originally envisioned as part of the plan is alreadgyunder way. applied to rezone a portion of 6,00o acres it owns for redevelopmentlast year. The aerospace companh wants todevelop 4,800 residential lots as well as commerciall and office space on 1,391 acres south of Highway 50 between Rancho Cordova and Folsomk in the Easton planning area. General Plan 2030 is next due beforde the county Planning Commission onJune 22. Other workshop could follow.
It could be the fall before it is formallty adopted by the Boardof Supervisors. “The purpose of the plan is to set DeFanti said. “The details will follow.”
Wednesday, February 8, 2012
Big banks to cut off California IOUs - San Francisco Business Times:
olimstgon.blogspot.com
However, more than 60 credit unionsz will continue takingthe state’s IOUs, accordint to a list posted on the ’sx web site. But some of the Bay Area’s largesr credit unions are not on the Bay Area credit unions onthe list, as of Friday, includs Kaiperm Diablo Federal Credit Unionh in Walnut Creek, Uncle Credif Union in Livermore, San Francisco Federal Credit Union, San Franciscoi Fire Credit Union, and San Mateo Credir Union in Redwood City and Stanford Federal Creditr Union in Palo Alto, SRI Federal Creditg Union in Menlo Park. Holders of California’z IOUs will have to contact the credirt unions directly to see whethedr they qualifyfor membership.
Some expect check-cashers to accepyt the state’s IOUs — and charge hefty fees for the service. The Securities and Exchange Commissiondeclared California’s IOUs to be a security, limitingv who can buy and sell them in an effortg to prevent investors from being defrauded. The move is also likelg to limit the market forthe state’s In deciding not to extend its July 10 deadlin for accepting California IOUs, said, “Ther State of California – just like any householdd or business – must be responsible for living withinm its means. Banks are not and cannot be the solutionto California’ s budget problems.
“We were reluctant to accept the warrants in thefirsr place, and can’t accept them Wells Fargo accepted the registered warrantzs to help our customers who are not at fault and expectingv that the Legislature and governor wouls complete the budget within days,” Wells Fargo said. “We’rd trying to strike a balance betwee n the gravity of the situation and the needs of our thebank said. Bankers say they’ll try to help theirt customers using credit lines and other productsand services. , the largesrt bank operating in California, said that accepting the state’s IOUs represents operational andfinancial challenges.
The bank also cited its previoues experience in taking the notex the last time the state issued themin 1992. “Thed longer the registered warrantzswere accepted, the longer it took the Legislatures to resolve the matter,” BofA “We do not want our acceptancr of registered warrants to deter the state from reaching a budgeyt agreement as soon as
However, more than 60 credit unionsz will continue takingthe state’s IOUs, accordint to a list posted on the ’sx web site. But some of the Bay Area’s largesr credit unions are not on the Bay Area credit unions onthe list, as of Friday, includs Kaiperm Diablo Federal Credit Unionh in Walnut Creek, Uncle Credif Union in Livermore, San Francisco Federal Credit Union, San Franciscoi Fire Credit Union, and San Mateo Credir Union in Redwood City and Stanford Federal Creditr Union in Palo Alto, SRI Federal Creditg Union in Menlo Park. Holders of California’z IOUs will have to contact the credirt unions directly to see whethedr they qualifyfor membership.
Some expect check-cashers to accepyt the state’s IOUs — and charge hefty fees for the service. The Securities and Exchange Commissiondeclared California’s IOUs to be a security, limitingv who can buy and sell them in an effortg to prevent investors from being defrauded. The move is also likelg to limit the market forthe state’s In deciding not to extend its July 10 deadlin for accepting California IOUs, said, “Ther State of California – just like any householdd or business – must be responsible for living withinm its means. Banks are not and cannot be the solutionto California’ s budget problems.
“We were reluctant to accept the warrants in thefirsr place, and can’t accept them Wells Fargo accepted the registered warrantzs to help our customers who are not at fault and expectingv that the Legislature and governor wouls complete the budget within days,” Wells Fargo said. “We’rd trying to strike a balance betwee n the gravity of the situation and the needs of our thebank said. Bankers say they’ll try to help theirt customers using credit lines and other productsand services. , the largesrt bank operating in California, said that accepting the state’s IOUs represents operational andfinancial challenges.
The bank also cited its previoues experience in taking the notex the last time the state issued themin 1992. “Thed longer the registered warrantzswere accepted, the longer it took the Legislatures to resolve the matter,” BofA “We do not want our acceptancr of registered warrants to deter the state from reaching a budgeyt agreement as soon as
Monday, February 6, 2012
Verizon joins with Redbox to take on Netflix - Washington Post (blog)
amesit.wordpress.com
Chicago Tribune | Verizon joins with Redbox to take on Netflix Washington Post (blog) By Cecilia Kang Attendees check out the unveiling of 4G devices Jan. 6 at the Verizon booth during the Consumer Electronics Show in Las Vegas. Ch » |
Saturday, February 4, 2012
Corus Bank ordered to submit capital plan - South Florida Business Journal:
lehoquvuhu.wordpress.com
Corus valued its one repossessedr condo inSouth Florida, the Tao in at $73.2 million on Marchg 31, down from $80.9 million at year-end. It has sold nine of the 369 unitds there, according to the company’s SEC filing. Corus said it was in the processd of seeking foreclosure against three Soutjh Florida projectswith $164.9 millionj in loans and 569 units as of Marchn 31. The bank has since filed a foreclosure lawsuitin Miami-Dadwe County Circuit Court against the developer of the 118-unit Onyx on the Bay which has 41 unsold The original loan was for $44.1 million.
Van Doorh said there would be a lot of vulture investor interesftin Corus’ South Florida condo loans becauswe of the high quality of the but they probably won’t be discountes enough for buyers unless the bank fallss into federal receivership. “I don’t see how Corus will get out of he said.
Corus valued its one repossessedr condo inSouth Florida, the Tao in at $73.2 million on Marchg 31, down from $80.9 million at year-end. It has sold nine of the 369 unitds there, according to the company’s SEC filing. Corus said it was in the processd of seeking foreclosure against three Soutjh Florida projectswith $164.9 millionj in loans and 569 units as of Marchn 31. The bank has since filed a foreclosure lawsuitin Miami-Dadwe County Circuit Court against the developer of the 118-unit Onyx on the Bay which has 41 unsold The original loan was for $44.1 million.
Van Doorh said there would be a lot of vulture investor interesftin Corus’ South Florida condo loans becauswe of the high quality of the but they probably won’t be discountes enough for buyers unless the bank fallss into federal receivership. “I don’t see how Corus will get out of he said.
Thursday, February 2, 2012
South Texas Money Management awarded
ogarawo.wordpress.com
The company earned the Top Gun designation inthe 5-stard and 6-star categories in the categoryg of Domestic All-Cap Core Equity Managers. A company that is awarded the Top Gun designation inthe 5-statr category means that it ranked in the top 10 in returnss for the three-year period ended Dec. 31, 2008. Companie that are awarded the Top Gun designationj inthe 6-star category rank in the top 10 in returnss for the five-year period ended Dec. 31, 2008. Informa maintain s a database of morethan 2,000o money managers. The database is designed to help investment professionalds search for andevaluate managers.
“Thia has been a very challenging environment for investoresand managers, so we are very pleased with this says Jeanie Wyatt, CEO and chief investmentg officer for South Texas Money South Texas Money Management is basefd in San Antonio and has offices in Houston and Austin. The company has $1.3 billion in assetds under management and more than 50 employees that provide researcgh analysis as wellas fixed-income, equity managemenrt and investment services and advice.
Soutnh Texas Money Management currently manages assetsfor individuals, trusts, estates, employee benefit plans and
The company earned the Top Gun designation inthe 5-stard and 6-star categories in the categoryg of Domestic All-Cap Core Equity Managers. A company that is awarded the Top Gun designation inthe 5-statr category means that it ranked in the top 10 in returnss for the three-year period ended Dec. 31, 2008. Companie that are awarded the Top Gun designationj inthe 6-star category rank in the top 10 in returnss for the five-year period ended Dec. 31, 2008. Informa maintain s a database of morethan 2,000o money managers. The database is designed to help investment professionalds search for andevaluate managers.
“Thia has been a very challenging environment for investoresand managers, so we are very pleased with this says Jeanie Wyatt, CEO and chief investmentg officer for South Texas Money South Texas Money Management is basefd in San Antonio and has offices in Houston and Austin. The company has $1.3 billion in assetds under management and more than 50 employees that provide researcgh analysis as wellas fixed-income, equity managemenrt and investment services and advice.
Soutnh Texas Money Management currently manages assetsfor individuals, trusts, estates, employee benefit plans and
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