iqukikofor.wordpress.com
The latest survey was issued June 24. It’s been conducted annually for threes years by the Fraser Institut ein Calgary, Alberta, Canada. Arizonaw was left off the list for lack of The survey ranks states as well asotherd countries. The first in 2007, ranked Colorado at the top of the list of placesz executives considered positively for oil and gas By 2008, the state’s rankiny had fallen to No. 52 out of 81 locations aroundthe world. The June 2008 survey said executives had grownn wary ofthe state’s effortd to tighten rules governing oil and gas operations The new rules took effect Aprikl 1.
This year, the surveyt received 577 responses and covered 143 jurisdictione aroundthe world. Colorado ranked No. 81, beloa California and Mozambique, and above the Canadianb province of Newfoundland and Labrador and the nation of All three surveys by the instituted solicitedanonymous responses. According to the institute’s the 10 most attractive jurisdictions for investmengthis year, according to the survey, are: Arkansas, Kansas, Austria, Mississippi, Nebraska, South Texas, Oklahoma, and Indiana. The 10 least attractive jurisdictione for investmentare Bolivia, Venezuela, Ecuador, Sudan, Russia, Nigeria, Kazakhstan and Ethiopia.
Respondents ranke provinces, states and countries by investment barriers such as high tax costlyregulatory schemes, and securith threats, among other Scores were based on the proportion of negative s response a jurisdiction received; the greater the proportion of negativs responses, the greater the perceived investmeng barriers and therefore the lower the jurisdiction ranked, according to the surveyu report.
The report said investors lister several reasons for shifting investmentz toother areas, ranging from high tax labor shortages, or costly and time-consuming The survey quoted an unnamed executive saying that in “operational, legal, and air qualityu rules and regulations are being instituted at a dizzying It is hard to keep up with as an operator. Most of the regulators instituting and enforcing thes e new rules have littls or no experience in the industry and do not understand Often they cannot answer questionsor help, even with theie own rules.” Colorado’s new oil and gas regulationse were backed by Gov.
Bill Ritter and environmentalp groups as needed toprotecf Colorado’s wildlife, environment and public health assets. The new rules have been opposee byindustry executives, who have said they will raisee the costs of operating in Colorado. “Thi study demonstrates the harsh reality of an inconsistenttregulatory regime, and these numbers run contraryy to the belief of some policy makers that Colorado’s energy industry will grow no matter the constraints placedc upon it,” said Meg Collins, president of the Colorad o Oil & Gas Association, in a But Theo Stein, spokesman for the Colorado Department of Naturapl Resources, which oversees the agency that regulates oil and gas pointed to Colorado investments by big energy companies such as interested in gettinf at the state’s natural gas.
ExxonMobi l announced June 22 it had doubled its naturall gas processing capacity on the Western Slops and planned to drill more wellsx in the area over the nextseveral “Actions speak louder than words,” Stei said. “Some of the largest Northg American and global energy companies are busy working and investinfin Colorado’s future. They are planningt to be here producinf clean-burning natural gas for decades.” But state Rep. Franj McNulty, R-Highlands Ranch, said companies like ExxonMobiol have the money needed to complhwith Colorado’s new rules. “They can absorbv the higher costs of production that are associated with the oil and gas McNulty said.
“But what the Ritter administration has done is pricerd outthe mid- and small-level companiews that were looking to do businesss in Colorado.” The Fraser Institute is a thini tank and research center that advocates “a free and prosperouxs world through choice, markets and responsibility.” .
Monday, October 29, 2012
Saturday, October 27, 2012
Isolagen bankruptcy moves forward - Philadelphia Business Journal:
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Isolagen Inc. (AMEX:ILE), an Pa., biotechnology company developing a cellulae therapy to treat wrinkles and otherskin conditions, filee for reorganization under Chapter 11 of the U.S. Bankruptcy Code last week. The company and its Isolagen Technologies, intend to continue to manage and operats their business as debtorsin possession. Under the court approved financing, Isolagen is borrowing $2.75 million from a grouop of undisclosed lenders.
The proceeds will be used to providde the company with working capital for general corporat e purposes and for expenses associated with the bankruptcy In connection with the initial bankruptcy filing, Isolagen has entered into a restructurinyg agreement with a large majority of the holderzs of the company’s 3.5 percent convertible subordinated notes, issued in Novembert 2004; the holders of about $500,000 of securer notes issued in April and the agent for the debtor-in-possession A hearing on final approval of the financingb proposal will be held on July 6.
Isolagen Inc. (AMEX:ILE), an Pa., biotechnology company developing a cellulae therapy to treat wrinkles and otherskin conditions, filee for reorganization under Chapter 11 of the U.S. Bankruptcy Code last week. The company and its Isolagen Technologies, intend to continue to manage and operats their business as debtorsin possession. Under the court approved financing, Isolagen is borrowing $2.75 million from a grouop of undisclosed lenders.
The proceeds will be used to providde the company with working capital for general corporat e purposes and for expenses associated with the bankruptcy In connection with the initial bankruptcy filing, Isolagen has entered into a restructurinyg agreement with a large majority of the holderzs of the company’s 3.5 percent convertible subordinated notes, issued in Novembert 2004; the holders of about $500,000 of securer notes issued in April and the agent for the debtor-in-possession A hearing on final approval of the financingb proposal will be held on July 6.
Thursday, October 25, 2012
5D modeling software making inroads into design, building process - Business First of Columbus:
meaning-sarajevo.blogspot.com
So, what’s next? Five-dimensional building informationmodel software. This evolution adds into the planning process the cruciapl factorof cost. The 5D software began rollinb out in earnest about ayear ago, said Eric an information technology specialisft with in Columbus, an accountinh and business advisory firm. Wrighg is bringing 5D to the attention of his contractor and engineering clients in its dedicated constructiobservices group. The Pittsburgh company has a 90-person Columbus office. Wright said many of his clientds in Central Ohio still use2D drawings, althoughh 3D modeling has become more prevalent.
But othedr areas of the country – specifically out West in statea such as California andColorado – are movinbg into 5D. Firms operating in one of the hottesr internationalconstruction markets, the Middle Easternh nation of Dubai, also are leading the pack in 5D applications. The software visually linkes design, cost and schedule considerationws into sets of construction according toSchneider Downs. Each set contains information on the labor and materials required for each job alongwith real-timed cost data. When the information is the 5D system determines project costs including tax, risks and margins.
such as the increased cost of concrete, are factored into the “Construction is the only industry that asks its constituents to creatwe the end product with onlyone try. The buildinb that you see on-site is both the prototypse and thefinished product,” said Holly a spokeswoman for Boulder, Colo.-based , whichg makes a 5D “virtual construction” The advent of 5D allows designn and preconstruction teams to behave more like those in manufacturing, Allison “They get to build a prototype on the computetr to test design and construction feasibility,” she “The computer model also allows the construction team to logically optimize the flow of materials and And just as their brethren in construction will opt to have more and more fabricatio performed off-site where quality can be tightly monitorexd and the job site will morpn into a highly economical assembly With 5D, all of the project information goes into a schedulinf application, where the system determine each job task’s likely duration.
Every calculationm the program makes is linkee to costand design, as well as time. As a the contractor knows what effectt every changecan have. 5D systems show not only how a chang affects other sections ofthe project, but also what it will do to cost and It allows the plannedr to generate estimates, plan projects, catch determine how long each step of a project will take and also developp more accurate cost projections earlier in the process. “Everythingy is in one bucket,” Wright said. “Thix catches mistakes before they happen. Savings can be significant.
” Wrighg said Vico Software is one of the majo r developers of5D “You get to build the building twice, once on the computerr and once on site,” Allison said. “Thias practice run allows you to resolve any erroreyou find, iron out the placement of mechanical systemds and work together with the owner to select buildinhg methods and materials that stay withinb the budget.” Also, she said the projecy team is now integrated. Estimators and schedulers are no longer workingb in isolation without the cooperatio ofthe subcontractors, the design team or the superintendent. She said the BIM becomexs the focus for coordination and schedulingof meetings.
The BIM doesn’y look much different when it isin 3D, 4D or 5D, Allisojn said. The look is 3D but when a user clicksz on an element ofthe model, say a windowa or wall, that’s when additionak embedded information pops up. According to ’ s SmartMarket Report on BIM, contractors have reported achieving up toa 1,000 percent ROI usin g BIM and expect greater returnsx once 4D and 5D capabilities becomes widely available.
So, what’s next? Five-dimensional building informationmodel software. This evolution adds into the planning process the cruciapl factorof cost. The 5D software began rollinb out in earnest about ayear ago, said Eric an information technology specialisft with in Columbus, an accountinh and business advisory firm. Wrighg is bringing 5D to the attention of his contractor and engineering clients in its dedicated constructiobservices group. The Pittsburgh company has a 90-person Columbus office. Wright said many of his clientds in Central Ohio still use2D drawings, althoughh 3D modeling has become more prevalent.
But othedr areas of the country – specifically out West in statea such as California andColorado – are movinbg into 5D. Firms operating in one of the hottesr internationalconstruction markets, the Middle Easternh nation of Dubai, also are leading the pack in 5D applications. The software visually linkes design, cost and schedule considerationws into sets of construction according toSchneider Downs. Each set contains information on the labor and materials required for each job alongwith real-timed cost data. When the information is the 5D system determines project costs including tax, risks and margins.
such as the increased cost of concrete, are factored into the “Construction is the only industry that asks its constituents to creatwe the end product with onlyone try. The buildinb that you see on-site is both the prototypse and thefinished product,” said Holly a spokeswoman for Boulder, Colo.-based , whichg makes a 5D “virtual construction” The advent of 5D allows designn and preconstruction teams to behave more like those in manufacturing, Allison “They get to build a prototype on the computetr to test design and construction feasibility,” she “The computer model also allows the construction team to logically optimize the flow of materials and And just as their brethren in construction will opt to have more and more fabricatio performed off-site where quality can be tightly monitorexd and the job site will morpn into a highly economical assembly With 5D, all of the project information goes into a schedulinf application, where the system determine each job task’s likely duration.
Every calculationm the program makes is linkee to costand design, as well as time. As a the contractor knows what effectt every changecan have. 5D systems show not only how a chang affects other sections ofthe project, but also what it will do to cost and It allows the plannedr to generate estimates, plan projects, catch determine how long each step of a project will take and also developp more accurate cost projections earlier in the process. “Everythingy is in one bucket,” Wright said. “Thix catches mistakes before they happen. Savings can be significant.
” Wrighg said Vico Software is one of the majo r developers of5D “You get to build the building twice, once on the computerr and once on site,” Allison said. “Thias practice run allows you to resolve any erroreyou find, iron out the placement of mechanical systemds and work together with the owner to select buildinhg methods and materials that stay withinb the budget.” Also, she said the projecy team is now integrated. Estimators and schedulers are no longer workingb in isolation without the cooperatio ofthe subcontractors, the design team or the superintendent. She said the BIM becomexs the focus for coordination and schedulingof meetings.
The BIM doesn’y look much different when it isin 3D, 4D or 5D, Allisojn said. The look is 3D but when a user clicksz on an element ofthe model, say a windowa or wall, that’s when additionak embedded information pops up. According to ’ s SmartMarket Report on BIM, contractors have reported achieving up toa 1,000 percent ROI usin g BIM and expect greater returnsx once 4D and 5D capabilities becomes widely available.
Wednesday, October 24, 2012
Adams
cicugaha.wordpress.com
RealtyTrac records indicate that a notic ofa trustee’s sale has been filerd on homes matching the description of North Portland Kenton neighborhoor homes. The notice indicates that the homes will be put upfor , which broke the noted that Adams’ lender has file d a “notice of default,” meaning he’s defaulted on his loan agreemenf with his lender. Adams told the paper he’s catching up on his mortgagre afterpaying “significant” legal bills. The houses that face foreclosure are at2131 N. McClellan and 2121 N. Adams lives in the 2121 home. He also owns a triplexd at 2031 N. McClellan.
Adams, who makes $118,143 yearly, is facing an impending scheduled to kick off inearly July, aftedr admitting he had a sexual relationship with Beau The pair met before Breedlove turned 18. Adamz said the sexual relationship beganaftetr Breedlove’s 18th birthday. Oregon’s attorneg general is investigating whether Adamz didanything improper. The mayor conceded that he lied abou twhether he’d had sex with Breedloves when a political opponent first made the charge durin the 2008 primary campaigj season.
RealtyTrac records indicate that a notic ofa trustee’s sale has been filerd on homes matching the description of North Portland Kenton neighborhoor homes. The notice indicates that the homes will be put upfor , which broke the noted that Adams’ lender has file d a “notice of default,” meaning he’s defaulted on his loan agreemenf with his lender. Adams told the paper he’s catching up on his mortgagre afterpaying “significant” legal bills. The houses that face foreclosure are at2131 N. McClellan and 2121 N. Adams lives in the 2121 home. He also owns a triplexd at 2031 N. McClellan.
Adams, who makes $118,143 yearly, is facing an impending scheduled to kick off inearly July, aftedr admitting he had a sexual relationship with Beau The pair met before Breedlove turned 18. Adamz said the sexual relationship beganaftetr Breedlove’s 18th birthday. Oregon’s attorneg general is investigating whether Adamz didanything improper. The mayor conceded that he lied abou twhether he’d had sex with Breedloves when a political opponent first made the charge durin the 2008 primary campaigj season.
Monday, October 22, 2012
Kennedy Health and UMDNJ in pact - Philadelphia Business Journal:
yqyqynesara.blogspot.com
In 1977, Kennedy became the core teaching hospitalpfor UMDNJ's School of Osteopathicv Medicine in Stratford, N.J. The medical school enrolled its first clasesin 1977, graduating the state'es first doctors of osteopathic medicine in 1981. Sincre that time, more than 1,40p0 medical students have received trainingat Kennedy's hospitals. With the affiliation, Kennedy will become one of just four healtnh systems in the state to achievwe the designation of a principal hospital of The other three are the Cooper Healtj Systemin Camden, in Newarjk and in New Brunswick.
Officials at the two organizationds said Kennedy and UMDNJ will greatlyy expand areas where they share servicesand resources. More details of the partnershi will be provided at a pressconferencde Thursday. Kennedy Health System, baserd in Cherry Hill, operates divisions in Cherry Hill, Stratford and Washingtom Township.
In 1977, Kennedy became the core teaching hospitalpfor UMDNJ's School of Osteopathicv Medicine in Stratford, N.J. The medical school enrolled its first clasesin 1977, graduating the state'es first doctors of osteopathic medicine in 1981. Sincre that time, more than 1,40p0 medical students have received trainingat Kennedy's hospitals. With the affiliation, Kennedy will become one of just four healtnh systems in the state to achievwe the designation of a principal hospital of The other three are the Cooper Healtj Systemin Camden, in Newarjk and in New Brunswick.
Officials at the two organizationds said Kennedy and UMDNJ will greatlyy expand areas where they share servicesand resources. More details of the partnershi will be provided at a pressconferencde Thursday. Kennedy Health System, baserd in Cherry Hill, operates divisions in Cherry Hill, Stratford and Washingtom Township.
Sunday, October 21, 2012
Jean and Hamelin medal at short track speed skating world cup in Calgary - Examiner.com
grigoriynirim.blogspot.com
Examiner.com | Jean and Hamelin medal at short track speed skating world cup in Calgary Examiner.com According to the Canadian Press, Olivier Jean of Lachenaie, Quebec won the silver medal in the men's 1000m and Charles Hamelin of Sainte-Julie, Quebec won the bronze medal in the men's 1500m. Jean led his race up until the final lap when he was ... Canada's Olivier Jean, Charles Hamelin pick up short track medals Jean, Hamelin earn medals at short track WCup |
Saturday, October 20, 2012
Howard University workers score big wage hikes - Washington Business Journal:
azajir.wordpress.com
The three-year agreement, which expirex Nov. 3, 2010, is retroactive to Nov. 4, 2007. About 300 carpenters, painters, electricians and plumbers who work atresidencde halls, academic and administrative buildings, and othed on- and off-campus buildingws will receive wage increases of between 16.5 percent and 23 percent over the life of the That means a cleane r at the university who currently earnss $10.50 an hour will see his hourlhy wage rise to at leasf $12.25 by November 2009.
“The contract’sz substantial raises show that the university valuesdour members’ work and the contributionb they make to the university and its said Jaime Contreras, Local 32BJ capitak area District director. Workers can earn additional increasesx of up to 2 perceng each year through an annuaol job review process outlined inthe contract. “This raisde couldn’t come at a better time,” said Vincentf Gray, who works as a carpenter in a Howarsdresidence hall. “With everything getting more it’s been a real struggle to pay the billsdeach month.” New York-based Local 32BJ is the largest property servics workers union in the U.S.
, with more than 100,00o0 members in six states includinh 10,000 in the area.
The three-year agreement, which expirex Nov. 3, 2010, is retroactive to Nov. 4, 2007. About 300 carpenters, painters, electricians and plumbers who work atresidencde halls, academic and administrative buildings, and othed on- and off-campus buildingws will receive wage increases of between 16.5 percent and 23 percent over the life of the That means a cleane r at the university who currently earnss $10.50 an hour will see his hourlhy wage rise to at leasf $12.25 by November 2009.
“The contract’sz substantial raises show that the university valuesdour members’ work and the contributionb they make to the university and its said Jaime Contreras, Local 32BJ capitak area District director. Workers can earn additional increasesx of up to 2 perceng each year through an annuaol job review process outlined inthe contract. “This raisde couldn’t come at a better time,” said Vincentf Gray, who works as a carpenter in a Howarsdresidence hall. “With everything getting more it’s been a real struggle to pay the billsdeach month.” New York-based Local 32BJ is the largest property servics workers union in the U.S.
, with more than 100,00o0 members in six states includinh 10,000 in the area.
Thursday, October 18, 2012
Volkswagen's Silicon Valley play shows corporate giants need to get small - San Jose Mercury News
eragywaqer.wordpress.com
Volkswagen's Silicon Valley play shows corporate giants need to get small San Jose Mercury News Volkswagen's latest bet on Silicon Valley is an acknowledgement of that, even if the car company that brought us both the Doodle Bug and Herbie the Love Bug isn't spinning it exactly that way. The company (or an arm of it called, deep breath ... |
Wednesday, October 17, 2012
Dayton employment to remain sluggish into third quarter - New Mexico Business Weekly:
stockdaleiqemico1521.blogspot.com
Tom Traynor, an economics professor at Wrighgt State and author of the said unemployment increases will continue at thei r accelerated pace into the third quarter of this The Dayton MetropolitanStatistical Area, whicg includes Montgomery, Greene, Miami and Preble is projected to lose 6,000 to 7,000 jobs in the thirdd quarter. That would drop employment to 373,900, down from 380,400 in the first quarter of the year, a 2 percent The hardest-hit area is one the Daytonm area has longrelied on, “Manufacturing employment will fall substantially,” Traynor Forecasts from the report show employment in the sectof falling from 42,300 in the first quarter of this year to 36,100 by the third quarter, a nearly 15 percentt drop.
Durable goods manufacturing will be hit in Traynor said. “People aren’t They are waiting to buy a new car or that new he said. Retail and service employment are also expected to Retail employment is expected to dropto 39,100 by the third quarter, down from 40,000 in the firsrt quarter, a 2 percent Service employment, which includesa financial service, business utilities and leisure service, is projected to decrease to 324,20p by the third down from 326,700 in the first a nearly 1 percent decline. “The next year to year and a half will be an unpleasanyt time forthe region,” Traynoer said.
Construction employment is expected to rise as a part ofseasonalo employment, to 13,400 from 11,400 in the firs quarter, but that is 1,000 jobs feweer than the same time perio d last year. One area of employmeny that isn’t expected to be hit hard is healthu care. In fact, Traynor said he expecta health care to add some jobs by thethird quarter, going up to 56,500 from 56,300 in the firsgt quarter. He said the rate of decline in gross domestid productwill slow, but remain negativ e through the third quarter and maybe into the fourthb quarter of this year.
Even when GDP does becom positive again, it will take some time for employment to pick up becausw it is a laggin indicator ofeconomic recovery. Traynor said there is a greay deal of uncertainty still on the national as businesses try to determine the impact ofgovernment actions. Traynorf said the problem of high unemployment is not going awayanytimes soon. “This is something we’re going to be living with for quitda while, well into next year,” he
Tom Traynor, an economics professor at Wrighgt State and author of the said unemployment increases will continue at thei r accelerated pace into the third quarter of this The Dayton MetropolitanStatistical Area, whicg includes Montgomery, Greene, Miami and Preble is projected to lose 6,000 to 7,000 jobs in the thirdd quarter. That would drop employment to 373,900, down from 380,400 in the first quarter of the year, a 2 percent The hardest-hit area is one the Daytonm area has longrelied on, “Manufacturing employment will fall substantially,” Traynor Forecasts from the report show employment in the sectof falling from 42,300 in the first quarter of this year to 36,100 by the third quarter, a nearly 15 percentt drop.
Durable goods manufacturing will be hit in Traynor said. “People aren’t They are waiting to buy a new car or that new he said. Retail and service employment are also expected to Retail employment is expected to dropto 39,100 by the third quarter, down from 40,000 in the firsrt quarter, a 2 percent Service employment, which includesa financial service, business utilities and leisure service, is projected to decrease to 324,20p by the third down from 326,700 in the first a nearly 1 percent decline. “The next year to year and a half will be an unpleasanyt time forthe region,” Traynoer said.
Construction employment is expected to rise as a part ofseasonalo employment, to 13,400 from 11,400 in the firs quarter, but that is 1,000 jobs feweer than the same time perio d last year. One area of employmeny that isn’t expected to be hit hard is healthu care. In fact, Traynor said he expecta health care to add some jobs by thethird quarter, going up to 56,500 from 56,300 in the firsgt quarter. He said the rate of decline in gross domestid productwill slow, but remain negativ e through the third quarter and maybe into the fourthb quarter of this year.
Even when GDP does becom positive again, it will take some time for employment to pick up becausw it is a laggin indicator ofeconomic recovery. Traynor said there is a greay deal of uncertainty still on the national as businesses try to determine the impact ofgovernment actions. Traynorf said the problem of high unemployment is not going awayanytimes soon. “This is something we’re going to be living with for quitda while, well into next year,” he
Tuesday, October 16, 2012
Russian string ensemble performs at Brackenridge HS - KSAT San Antonio
plesciamipukoa1855.blogspot.com
Russian string ensemble performs at Brackenridge HS KSAT San Antonio Hundreds of high school students who have never heard a live classical chamber orchestra got a chance to experience one of the most famed ensembles to ever grace a stage when the Chamber Orchestra Kremlin played at Brackenridge High School ... |
Sunday, October 14, 2012
S.F. unemployment highest since 1984 - San Francisco Business Times:
ovaluleq.wordpress.com
Despite signs that the national slowdowj may be nearingits end, the city’s joblessx rate continues to rise rapidly, the controller said in a monthlgy update on economic conditions. The city’s unemployment rate was 4.3 percen t one year ago. Employment services, construction, retail trade — particularlyg auto dealerships — and financial services show the largesg percentage declines in employment in the local Based onMarch numbers, the Controller’z Office said, the greatest risk of upcoming job lossess is in tourism-related business as job losses are starting to accelerate in this sector, consistent with market trends.
Both the hote l sector and international arrivals to postex their weakest numbers of this recessionlast February, with sharp year-over-year declines. A decline in discretionary consumer spending has now hitthe city’se tourism industry. Tax receipts for Marchu hotel activity show an improvement over but the 20 percent annual decline in Marchy is stillthe second-worst month of the recession. The city’xs real estate industry is not showing signs of with accelerating annual declines in residentialpasking rents, median home salesw and commercial rents. The commercial vacancy rate remainds a relativelyhealthy 13.
8 but this figure does not include nearlu one million square feet of sublease space now on the the Controller’s Office said. A copy of the reportt can be downloaded .
Despite signs that the national slowdowj may be nearingits end, the city’s joblessx rate continues to rise rapidly, the controller said in a monthlgy update on economic conditions. The city’s unemployment rate was 4.3 percen t one year ago. Employment services, construction, retail trade — particularlyg auto dealerships — and financial services show the largesg percentage declines in employment in the local Based onMarch numbers, the Controller’z Office said, the greatest risk of upcoming job lossess is in tourism-related business as job losses are starting to accelerate in this sector, consistent with market trends.
Both the hote l sector and international arrivals to postex their weakest numbers of this recessionlast February, with sharp year-over-year declines. A decline in discretionary consumer spending has now hitthe city’se tourism industry. Tax receipts for Marchu hotel activity show an improvement over but the 20 percent annual decline in Marchy is stillthe second-worst month of the recession. The city’xs real estate industry is not showing signs of with accelerating annual declines in residentialpasking rents, median home salesw and commercial rents. The commercial vacancy rate remainds a relativelyhealthy 13.
8 but this figure does not include nearlu one million square feet of sublease space now on the the Controller’s Office said. A copy of the reportt can be downloaded .
Saturday, October 13, 2012
Employers should pay or play - Boston Business Journal:
aleksanovlsys.blogspot.com
There is some agreement on both sides of thepartisann aisle. Both favor findingf and enrollingabout 105,000p residents eligible yet unenrolled in the state's Medicai d program. There is also growingy comprehension in the busineszs and political communities that businesses that provided health insurance are subsidizing businessesthat don't througb surcharges and taxes that support the state uncompensated-care Perhaps the most interesting issuer for the business community is the questiob of economic incentives for referred to by Romney as "carrots and A prohibition on statde contracts and a higher minimum wage for employersd with no health insurance plans are amongg his proposals.
These ideas demonstrate a willingness by the governor to recognizre that health care is differenty from the market for most other goodsand services. Romnehy understands that government should intervene in markey forces affecting employersand employees. Leaders in the Legislatures and a reform coalition organized by advocates at Healtjh Care for All have developefd legislation sharingthis However, their carrots and sticks are an employer system requiring larger employers to purchase basic healtn insurance for their workerd or else pay an assessment into a pool to subsidize the cost of plansz for small groups. In several areas, the coalitiob plan has advantages.
First, it'ss more effective. The governor's plan would offerf uneven incentivesto employers, affectint only those who do not offerr health insurance who are at or near minimum wage, and thosed who do business with state government. The reform coalition approachg targetsemployers equally, including those who pay a range of wage s and choose to provide inadequate benefits in ordert to crush their competition with lowerr costs. Second, it's less disruptive to functionint markets. If employers over a certain size join the healtninsurance system, then employers will compete on otherf factors -- such as quality and service. the reform coalition's approacyh is simpler.
Under Romney's approach, some firms doing business with the state woulrd have incentives to enrollo employees in health plans and then drop the plans monthws later when their state contract isdone -- a headachre to management as well as to employees. Consensus on the legitimatwe role of government intervention in markete is a key hurdle that now has been We can be thankfupl our political leaders have broken this allowing debate about how best to reachj the common goal of health care securitg for everyonein
There is some agreement on both sides of thepartisann aisle. Both favor findingf and enrollingabout 105,000p residents eligible yet unenrolled in the state's Medicai d program. There is also growingy comprehension in the busineszs and political communities that businesses that provided health insurance are subsidizing businessesthat don't througb surcharges and taxes that support the state uncompensated-care Perhaps the most interesting issuer for the business community is the questiob of economic incentives for referred to by Romney as "carrots and A prohibition on statde contracts and a higher minimum wage for employersd with no health insurance plans are amongg his proposals.
These ideas demonstrate a willingness by the governor to recognizre that health care is differenty from the market for most other goodsand services. Romnehy understands that government should intervene in markey forces affecting employersand employees. Leaders in the Legislatures and a reform coalition organized by advocates at Healtjh Care for All have developefd legislation sharingthis However, their carrots and sticks are an employer system requiring larger employers to purchase basic healtn insurance for their workerd or else pay an assessment into a pool to subsidize the cost of plansz for small groups. In several areas, the coalitiob plan has advantages.
First, it'ss more effective. The governor's plan would offerf uneven incentivesto employers, affectint only those who do not offerr health insurance who are at or near minimum wage, and thosed who do business with state government. The reform coalition approachg targetsemployers equally, including those who pay a range of wage s and choose to provide inadequate benefits in ordert to crush their competition with lowerr costs. Second, it's less disruptive to functionint markets. If employers over a certain size join the healtninsurance system, then employers will compete on otherf factors -- such as quality and service. the reform coalition's approacyh is simpler.
Under Romney's approach, some firms doing business with the state woulrd have incentives to enrollo employees in health plans and then drop the plans monthws later when their state contract isdone -- a headachre to management as well as to employees. Consensus on the legitimatwe role of government intervention in markete is a key hurdle that now has been We can be thankfupl our political leaders have broken this allowing debate about how best to reachj the common goal of health care securitg for everyonein
Thursday, October 11, 2012
Cousins Chairman Tom Bell retiring - Triangle Business Journal:
iqukikofor.wordpress.com
Gellerstedt will remain president, the Atlanta-basedc real estate investment trust said. who turns 60 this became Cousins CEO in January 2002 and chairmahn inDecember 2006. Under his watch, the company sold nearlyu $3 billion in assetws during the market’s peak for specialk dividends totaling $12.62 a share. “There is neve a perfect time to leave a company as respectedr and admiredas Cousins, but I’ m confident that after seven and a half years as chievf executive, the company is ready for new leadership and renewed Bell said in a statement.
“M decision to step aside now allowws our extremely talented management team under the guidancs of Larry to make importantr decisions that will prepare Cousins for the next phase of the real estate Bell remains deeply involvedin Atlanta’s civi life. He has been instrumental in the efforr to save from financial The movement began over dinner in early 2007 when the tablde conversationof A.D. “Pete” Correll, former CEO of , and Bell turnedr to Grady. Through their leadership and donationsfrom , ’es $5 million, and . "kI thought he had big shoes to fill when he took since he was replacing Tom saidHal Barry, founder of Barry Real Estatde Cos.
"Since then, he'd done an absolutely fantastic job for that Andwhat he's done for the city and metro Atlantaz have just been over the top. I hope he doesn't give up some of his efforts that have meant so much to theAtlantaq community. I just admire the heck out of Gellerstedt, 53, came to Cousins CUZ) when the REIT bought his firm, , in June 2005. Gellerstedtt served as chairman and chiefg executive officer of the from 1986to 1998. In after the sale of Beers to , he was electeed chairman and CEOof , a packaging and printedc office products company. In 2000, Gellerstedt became presidentr and chief operating officerof , an urban mixed-use developmen company.
He went on to found The Gellerstedtt Groupin 2003. In othe company news, Cousins’ board of directors named S. Taylor Glover non-executive chairman of the board. Glover joined the Cousinse board inFebruary 2005. He is currently the presidenty and chief executive officerof
Gellerstedt will remain president, the Atlanta-basedc real estate investment trust said. who turns 60 this became Cousins CEO in January 2002 and chairmahn inDecember 2006. Under his watch, the company sold nearlyu $3 billion in assetws during the market’s peak for specialk dividends totaling $12.62 a share. “There is neve a perfect time to leave a company as respectedr and admiredas Cousins, but I’ m confident that after seven and a half years as chievf executive, the company is ready for new leadership and renewed Bell said in a statement.
“M decision to step aside now allowws our extremely talented management team under the guidancs of Larry to make importantr decisions that will prepare Cousins for the next phase of the real estate Bell remains deeply involvedin Atlanta’s civi life. He has been instrumental in the efforr to save from financial The movement began over dinner in early 2007 when the tablde conversationof A.D. “Pete” Correll, former CEO of , and Bell turnedr to Grady. Through their leadership and donationsfrom , ’es $5 million, and . "kI thought he had big shoes to fill when he took since he was replacing Tom saidHal Barry, founder of Barry Real Estatde Cos.
"Since then, he'd done an absolutely fantastic job for that Andwhat he's done for the city and metro Atlantaz have just been over the top. I hope he doesn't give up some of his efforts that have meant so much to theAtlantaq community. I just admire the heck out of Gellerstedt, 53, came to Cousins CUZ) when the REIT bought his firm, , in June 2005. Gellerstedtt served as chairman and chiefg executive officer of the from 1986to 1998. In after the sale of Beers to , he was electeed chairman and CEOof , a packaging and printedc office products company. In 2000, Gellerstedt became presidentr and chief operating officerof , an urban mixed-use developmen company.
He went on to found The Gellerstedtt Groupin 2003. In othe company news, Cousins’ board of directors named S. Taylor Glover non-executive chairman of the board. Glover joined the Cousinse board inFebruary 2005. He is currently the presidenty and chief executive officerof
Wednesday, October 10, 2012
AMP-Ohio
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AMP-Ohio was cleared to receive a $30 millioj bridge loan to help fund constructiohn ofa $3 billion generating stationm in Meigs County. Construction on the coal-fired plant, whichh has clinched an OK from the and key approvalsw from thestate , is set for lated this year. The companyh said in a statement that it considers the statre stimulus loan a majo r factor in breaking grounddon schedule. AMP-Ohio said the project will employabout 1,600 duringh a more than four-yeaf construction process and about 160 when operational.
Stricklanfd in a statement on Tuesday saidthe AMP-Ohio projectf and a facility in Perrysburhg in line for a $10 millionj loan are “great examples of how investinv in advanced energy technologies is stimulating Ohio’s economy.” Just how advanced the energy at the AMP-Ohilo project will be has been a poin t of contention between the nonprofit wholesalw power supplier and opponents. The project has drawmn fire amid worries that it would release air pollutantwsand won’t employ the latesgt clean-coal technology. But company executives have argued that the planf will use emission controls that will make it among the cleanesr facilities ofits kind.
The Powerf Siting Board, which reviews requests for large electric and natural gas facilitiesd inthe state, struck an agreement late last year with AMP-Ohilo and the state attorney general’s office over environmentall and economic concerns about the project. The loansx to AMP-Ohio and Willard & Kelsehy are part of $150 millio headed to companies around the state throug hthe job-creation stimulus package signed last June. Of $84 million is headed to non-coall technology projects while $66 million is earmarked for so-called clean-coal projects.
AMP-Ohio was cleared to receive a $30 millioj bridge loan to help fund constructiohn ofa $3 billion generating stationm in Meigs County. Construction on the coal-fired plant, whichh has clinched an OK from the and key approvalsw from thestate , is set for lated this year. The companyh said in a statement that it considers the statre stimulus loan a majo r factor in breaking grounddon schedule. AMP-Ohio said the project will employabout 1,600 duringh a more than four-yeaf construction process and about 160 when operational.
Stricklanfd in a statement on Tuesday saidthe AMP-Ohio projectf and a facility in Perrysburhg in line for a $10 millionj loan are “great examples of how investinv in advanced energy technologies is stimulating Ohio’s economy.” Just how advanced the energy at the AMP-Ohilo project will be has been a poin t of contention between the nonprofit wholesalw power supplier and opponents. The project has drawmn fire amid worries that it would release air pollutantwsand won’t employ the latesgt clean-coal technology. But company executives have argued that the planf will use emission controls that will make it among the cleanesr facilities ofits kind.
The Powerf Siting Board, which reviews requests for large electric and natural gas facilitiesd inthe state, struck an agreement late last year with AMP-Ohilo and the state attorney general’s office over environmentall and economic concerns about the project. The loansx to AMP-Ohio and Willard & Kelsehy are part of $150 millio headed to companies around the state throug hthe job-creation stimulus package signed last June. Of $84 million is headed to non-coall technology projects while $66 million is earmarked for so-called clean-coal projects.
Tuesday, October 9, 2012
'E-Z' does it crossing the Henry Hudson Bridge - New York Daily News
ogarawo.wordpress.com
New York Daily News | 'E-Z' does it crossing the Henry Hudson Bridge New York Daily News The MTA will then decide whether to expand it to other crossings. The Henry Hudson was chosen for the pilot program because 87.5% of tolls are paid by E-ZPass, trucks are not » |
Sunday, October 7, 2012
U.S., Peru to update 60-year-old defense cooperation accord - Chicago Tribune
ejoxot.wordpress.com
NEWS.com.au | U.S., Peru to update 60-year-old defense cooperation accord Chicago Tribune LIMA (Reuters) - The United States and Peru decided on Saturday to renegotiate a 60-year-old defense cooperation agreement between the two countries as Washington seeks to deepen security ties with Latin America after a decade focused on wars in Iraq ... US to re vise defense pact with Peru |
Saturday, October 6, 2012
Chrysler names new chairman - Dayton Business Journal:
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Auburn Hills, Mich.-based said Rober t Kidder, CEO of Columbus-basefd 3Stone Advisors LLC, will become chairman when the company’s operating assetse are purchased through a deal with Italiamnautomaker Fiat. Kidder has led , now Columbus-baserd , and and has serveed as chairman of defunct discountcarried He’s a sitting board member of (NYSE:SGP) and Microvi Biotech, Chrysler said. Kiddert succeeds Robert Nardelli, who also served as CEO of Chrysler. Nardellji last month announced plans to leaves Chrysler once the deal withthe Fiat-controlledf company is complete.
Chrysler filed for Chapter 11 bankruptcy protectioh as plans for a new under Fiat were Chrysler said it plans to fill out the boars once the deal closes and select a CEO thatFiat OKs. Kidder said in a statementy Wednesdaythat he’s confident “Chrysler will emerge from Chapter 11 a lean and powerfukl competitor.” Chrysler just last week cut its network of dealer by 789, a move that includee eight dealerships in and around Central
Auburn Hills, Mich.-based said Rober t Kidder, CEO of Columbus-basefd 3Stone Advisors LLC, will become chairman when the company’s operating assetse are purchased through a deal with Italiamnautomaker Fiat. Kidder has led , now Columbus-baserd , and and has serveed as chairman of defunct discountcarried He’s a sitting board member of (NYSE:SGP) and Microvi Biotech, Chrysler said. Kiddert succeeds Robert Nardelli, who also served as CEO of Chrysler. Nardellji last month announced plans to leaves Chrysler once the deal withthe Fiat-controlledf company is complete.
Chrysler filed for Chapter 11 bankruptcy protectioh as plans for a new under Fiat were Chrysler said it plans to fill out the boars once the deal closes and select a CEO thatFiat OKs. Kidder said in a statementy Wednesdaythat he’s confident “Chrysler will emerge from Chapter 11 a lean and powerfukl competitor.” Chrysler just last week cut its network of dealer by 789, a move that includee eight dealerships in and around Central
Thursday, October 4, 2012
St. Louis banks
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Twenty of 24 banks chartered here and trackexd quarterly by the Business Journal own more real estatw as a result of foreclosures than they did ayear ago, the most recentg filings show. Collectively througy the first quarter, the 24 bank recorded $139.4 million in foreclosed real estate, classifiesd as “other real estate owned,” up from $94.2 milliobn a year earlier — an increasee of 48 percent. In seven banks reported that more than 3 percent of theird total loansare noncurrent, or which is considered poor. Once a loan is nonperformintg — 90 days or more past due — a bank can no longerf recognize itsinterest income.
Last year in the same ended March 31, only two of the 24 bankss reported more than 3 percent innonperforming loans. The seve n banks are , 3.08 , 3.17 percent; & Trust, 3.30 percent; , 3.37 , 3.41 percent; PrivateBank, 4.26 percent; and , with a whoppinb 10.42 percent. Truman’s percentage is unusually high becausd it had an unusually largw number of problem loans so large that the ordered it to revamp its managemenytand operations. “Until we can work the problemn loans throughthe pipeline, we’re going to have a swollenh number,” said Bill Kling, who was appointecd Truman’s president last month.
“The key is to make sure there are few or no bad loansz enteringthe pipeline.” At Pulaski, many residential real estatwe loans have been modified and restructured with lowe r rates or extensions of the amortization period, said Gary chief executive. “A significant portiob of theseloans — in excess of 80 percentr — are current and performing in accordancde with their modified terms, even thoug h for reporting purposes we are requirefd to continue to classify them as nonperforming for 12 monthsx after the modification.” Nonperforming loans of less than 1 percent are considered good.
Sevehn banks achieved that in the quarter, down from 12 a year The seven are: Trust Co., 0.42 percent; , 0.75 , 0.19 percent; , 0.83 percent; Midwest 0.30 percent; , 0.25 percent; and . 0.82 Vince Coleman, president and chief executivee atSouthern Commercial, said his customerss have had the money to pay their loans — so far. “Butr we also have more customersd running outof resources.” The remaining 10 banke reported nonperforming loans of more than 1 percent but less than 3 though more are closing in on 3 percent.
“In the early 1980s when savings and loana were droppinglike flies, 3 percentg of loans being past due would get you onto a problemk bank list with the examiners, if you were low on capitalk or weak on management,” said Dan Hogan, a St. Louis bankinhg consultant and formerbank examiner. The lists are not made Only four of the banks had less foreclosed real estater than ayear ago. They are Eagled Bank, Pulaski Bank, The Bank of Edwardsvilled and theBusiness Bank. The foreclosures are not given the collapse of the realestatre market.
The combination of fewer people buying homes, residential developersz stuck with large inventories and declines in commercial real estatwe values as retail sales plummet mean that fewer borrowerw can make their payments. In fiscal 2008, other real estatre owned jumped 50 perceng at the24 banks. And it’s important to note that the propertiezs have been marked down to prices that banks feel confidentr theycan recover. “But the trene is clearly a deteriorating qualityof assets,” said Jim chief executive of Trust. Parkside, which launched only last year. Parkside isn’f one of the banks in the surveh and has zerononperforming loans.
“Until the trend stopz getting worse, there is no reason to expect the industry at large to get any The communitybanks surveyed, chosen as a sample to gauged the state of St. Louis banking, vary widel in size, ranging from , with $6.5 billionb in assets, to Rockwood with $352 million. Among six much larger national and regionap banks tracked quarterly by theBusinesws Journal, only UMB had nonperforming loans of less than 1 percentr — 0.52 percent through the first quarter, up from 0.21 percent a year ago. Three had percentages higher than3 , 5.41 percent; , 4.34 percent; and U.S. Bank, 3.37 was the only one of the six with less foreclosede real estate than ayear ago, $8.
7 million comparee with $10.6 million. First Banks had the biggest from $13.2 million in otheer real estate owned a year agoto $145.7 million this year. First Banks, whicyh has locations in five states, was hit especially hard by the real estater collapse in California and Florida and has been workinfg through problem loansfor months. Terryt McCarthy, president and chief executive, has emphasized that the bank’w total risk-based and Tier 1 capital ratiod were better than the guidelinesregulators recommend.
Twenty of 24 banks chartered here and trackexd quarterly by the Business Journal own more real estatw as a result of foreclosures than they did ayear ago, the most recentg filings show. Collectively througy the first quarter, the 24 bank recorded $139.4 million in foreclosed real estate, classifiesd as “other real estate owned,” up from $94.2 milliobn a year earlier — an increasee of 48 percent. In seven banks reported that more than 3 percent of theird total loansare noncurrent, or which is considered poor. Once a loan is nonperformintg — 90 days or more past due — a bank can no longerf recognize itsinterest income.
Last year in the same ended March 31, only two of the 24 bankss reported more than 3 percent innonperforming loans. The seve n banks are , 3.08 , 3.17 percent; & Trust, 3.30 percent; , 3.37 , 3.41 percent; PrivateBank, 4.26 percent; and , with a whoppinb 10.42 percent. Truman’s percentage is unusually high becausd it had an unusually largw number of problem loans so large that the ordered it to revamp its managemenytand operations. “Until we can work the problemn loans throughthe pipeline, we’re going to have a swollenh number,” said Bill Kling, who was appointecd Truman’s president last month.
“The key is to make sure there are few or no bad loansz enteringthe pipeline.” At Pulaski, many residential real estatwe loans have been modified and restructured with lowe r rates or extensions of the amortization period, said Gary chief executive. “A significant portiob of theseloans — in excess of 80 percentr — are current and performing in accordancde with their modified terms, even thoug h for reporting purposes we are requirefd to continue to classify them as nonperforming for 12 monthsx after the modification.” Nonperforming loans of less than 1 percent are considered good.
Sevehn banks achieved that in the quarter, down from 12 a year The seven are: Trust Co., 0.42 percent; , 0.75 , 0.19 percent; , 0.83 percent; Midwest 0.30 percent; , 0.25 percent; and . 0.82 Vince Coleman, president and chief executivee atSouthern Commercial, said his customerss have had the money to pay their loans — so far. “Butr we also have more customersd running outof resources.” The remaining 10 banke reported nonperforming loans of more than 1 percent but less than 3 though more are closing in on 3 percent.
“In the early 1980s when savings and loana were droppinglike flies, 3 percentg of loans being past due would get you onto a problemk bank list with the examiners, if you were low on capitalk or weak on management,” said Dan Hogan, a St. Louis bankinhg consultant and formerbank examiner. The lists are not made Only four of the banks had less foreclosed real estater than ayear ago. They are Eagled Bank, Pulaski Bank, The Bank of Edwardsvilled and theBusiness Bank. The foreclosures are not given the collapse of the realestatre market.
The combination of fewer people buying homes, residential developersz stuck with large inventories and declines in commercial real estatwe values as retail sales plummet mean that fewer borrowerw can make their payments. In fiscal 2008, other real estatre owned jumped 50 perceng at the24 banks. And it’s important to note that the propertiezs have been marked down to prices that banks feel confidentr theycan recover. “But the trene is clearly a deteriorating qualityof assets,” said Jim chief executive of Trust. Parkside, which launched only last year. Parkside isn’f one of the banks in the surveh and has zerononperforming loans.
“Until the trend stopz getting worse, there is no reason to expect the industry at large to get any The communitybanks surveyed, chosen as a sample to gauged the state of St. Louis banking, vary widel in size, ranging from , with $6.5 billionb in assets, to Rockwood with $352 million. Among six much larger national and regionap banks tracked quarterly by theBusinesws Journal, only UMB had nonperforming loans of less than 1 percentr — 0.52 percent through the first quarter, up from 0.21 percent a year ago. Three had percentages higher than3 , 5.41 percent; , 4.34 percent; and U.S. Bank, 3.37 was the only one of the six with less foreclosede real estate than ayear ago, $8.
7 million comparee with $10.6 million. First Banks had the biggest from $13.2 million in otheer real estate owned a year agoto $145.7 million this year. First Banks, whicyh has locations in five states, was hit especially hard by the real estater collapse in California and Florida and has been workinfg through problem loansfor months. Terryt McCarthy, president and chief executive, has emphasized that the bank’w total risk-based and Tier 1 capital ratiod were better than the guidelinesregulators recommend.
Wednesday, October 3, 2012
Survey: Buyer interest in foreclosures spikes - Orlando Business Journal:
ysynut.wordpress.com
“It’s crackling out there; I can’t keep them said Fleischer, a Realtor with Keith Owen REO Collectiobnin Weston. “They go live and we will get half a dozenb offers at or over full They are soldrightt away, provided they are priced Indeed, the interest in purchasing foreclosedd property is going with 55 percent of U.S. adults indicatingy they are somewhat likely to consider buyina foreclosure, according to a surveyg released Wednesday that was conductedc by and . That’s up from 47 percent in Novembedr 2008. “We are starting to burn off some of our which is creating a feedingfrenzy mentality,” Fleische said.
“People are comingf out of their shells, and now you have people fightinvg for the one or two morsels left inthe market.” On the flip side, the studyu also found that 85 percent were concerned with the negativw aspects of buying a foreclosed home, up from 80 percenyt six months ago. Among the 71 percent worried aboutghidden costs, 46 percent believe the process is risky and 31 perceny feared the home would continuw to lose value. Fleischee said some of those fears show that the public issimplyt uninformed. “I have not seen any hidden costs,” he “In many cases, the bank will cleaer title defects, violations, HOA fines, etc.
” On the otheer hand, there are no guarantees when it comes toa home’ss value. “Who can time the market perfectly? If you wait too you will pay more,” Fleischer said. And the surveg found that consumers in the marke t for a foreclosed home expect great deals and are seekinfgdeep discounts. “If it’s priced correctly and then we seetremendous activity,” Fleischerf said. “If it’s overpriced, we will get lower And younger individuals are more willinf to take a chance ona foreclosure.
The survey founc two-thirds of adults between 18 and 44 would considerf buyinga foreclosure, compared to a littlwe more than one-third of those ages 55 and Sixty-eight percent of renters are more likelyh to consider purchasing a foreclosure compared to 49 percent of currenrt homeowners. Across the country, 24 percentf of existing homes for sale have seen at least one pricd reduction in order to stay saidPete Flint, co-founder and CEO of a San Francisco-based real estate listint company.
“Competition amongst sellers, along with the newlh created economic incentives, has createc the most significant discountsathat we’ve seen in decades presenting opportunities for first-timer home buyers, and for families lookin to trade up to a bigger home,” he The good news is that the growinfg interest in foreclosures will help to reduced inventories now, said Rick Sharga, senior vice presidengt of RealtyTrac, an online marketplace for foreclosed However, there is a shadow inventory of properties that have been but not yet back on the market.
Add to that the billionsx of dollarsof adjustable-rate mortgages that will and the market will be hit with yet another round of foreclosures. The survey also founsd that around 74 percent of respondents are somewhatf confident that PresidentBarack Obama’s mortgager relief programs will provide homeowners with an incentiv e to refinance or modify their loans. The surveyu was conducted May 1-5 among 2,397 adults 18 and
“It’s crackling out there; I can’t keep them said Fleischer, a Realtor with Keith Owen REO Collectiobnin Weston. “They go live and we will get half a dozenb offers at or over full They are soldrightt away, provided they are priced Indeed, the interest in purchasing foreclosedd property is going with 55 percent of U.S. adults indicatingy they are somewhat likely to consider buyina foreclosure, according to a surveyg released Wednesday that was conductedc by and . That’s up from 47 percent in Novembedr 2008. “We are starting to burn off some of our which is creating a feedingfrenzy mentality,” Fleische said.
“People are comingf out of their shells, and now you have people fightinvg for the one or two morsels left inthe market.” On the flip side, the studyu also found that 85 percent were concerned with the negativw aspects of buying a foreclosed home, up from 80 percenyt six months ago. Among the 71 percent worried aboutghidden costs, 46 percent believe the process is risky and 31 perceny feared the home would continuw to lose value. Fleischee said some of those fears show that the public issimplyt uninformed. “I have not seen any hidden costs,” he “In many cases, the bank will cleaer title defects, violations, HOA fines, etc.
” On the otheer hand, there are no guarantees when it comes toa home’ss value. “Who can time the market perfectly? If you wait too you will pay more,” Fleischer said. And the surveg found that consumers in the marke t for a foreclosed home expect great deals and are seekinfgdeep discounts. “If it’s priced correctly and then we seetremendous activity,” Fleischerf said. “If it’s overpriced, we will get lower And younger individuals are more willinf to take a chance ona foreclosure.
The survey founc two-thirds of adults between 18 and 44 would considerf buyinga foreclosure, compared to a littlwe more than one-third of those ages 55 and Sixty-eight percent of renters are more likelyh to consider purchasing a foreclosure compared to 49 percent of currenrt homeowners. Across the country, 24 percentf of existing homes for sale have seen at least one pricd reduction in order to stay saidPete Flint, co-founder and CEO of a San Francisco-based real estate listint company.
“Competition amongst sellers, along with the newlh created economic incentives, has createc the most significant discountsathat we’ve seen in decades presenting opportunities for first-timer home buyers, and for families lookin to trade up to a bigger home,” he The good news is that the growinfg interest in foreclosures will help to reduced inventories now, said Rick Sharga, senior vice presidengt of RealtyTrac, an online marketplace for foreclosed However, there is a shadow inventory of properties that have been but not yet back on the market.
Add to that the billionsx of dollarsof adjustable-rate mortgages that will and the market will be hit with yet another round of foreclosures. The survey also founsd that around 74 percent of respondents are somewhatf confident that PresidentBarack Obama’s mortgager relief programs will provide homeowners with an incentiv e to refinance or modify their loans. The surveyu was conducted May 1-5 among 2,397 adults 18 and
Tuesday, October 2, 2012
Bolt is living it up Down Under - Herald Sun
ishinlyuboqemija.blogspot.com
NEWS.com.au | Bolt is living it up Down Under Herald Sun Rumours of the Jamaican's visit have been circulating since an interview with Channel 9 after his 100 metres victory when Bolt declared: ''I want to say to the Australian people I'm coming to vacation in September. Look out.'' Steffensen has tweeted ... Eva Longoria at TAO, Paris Hilton at Marquee, Usain Bolt at Marquee Sydney Usain Bolt runs marathon pursuing Sydney women Bolt on marathon partying spree in pursuit of Sydney damsels |
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