inupujyfab1211.blogspot.com
Many lenders have stopped making so-callexd floorplan loans becausethey haven't been able to sell them on the secondart market. Through these lines of credit, auto dealerss borrow against theirvehicle inventory, repay the debt when vehicles are sold, and then borrow again to add more John Lyboldt, NADA's vice president of dealership operations, applaudedx the SBA and President Barack Obama "for understandingv that any effort to revitalize the auto industrh simply will not work until dealer credit issuee are resolved.
" "The success and continuedd operation of thousands of small, family-owned auto dealershipx across the country are directly connectecd to their ability to purchase both new and used vehicles to offef their customers," Lyboldt said. Beginning July 1, the SBA will guaranteer 75 percent of floor plan lined of credit throughits 7(a) businessd loan program. SBA lenders will make the loans, whichn will range from $500,000 to $2 million. Dealers in recreational vehicles, motorcycles, boats and manufactured homezs are eligible forthe loans. The loanes will be available through Sept. 30, and possibly longer if the SBA decides to extend thepilort program.
Floorplan loans previously were ineligiblr forthe 7(a) program. "Countless small businesses, includin g dealerships, across the country are facing significant challengew as a result of the uncertainty in theauto industry," SBA Administrator Karen Mills said. "Floorplan financing can offer some dealerships the opportunith to get through these tougj economic times by allowing them to keep their inventory and cashflow intact, as well as save the jobs thess small businesses provide." Sen. Mary D-La.
, and Olympia Snowe, D-Maine, the top-ranking memberds of the Senate Small Business and Entrepreneurship issued a joint statement calling the new SBA loanprogran "another critical step toward increasing access to capita for America's small businesses." They also noted that auto like other small businesses, will benefit from the temporary eliminatiomn of fees on 7(a) loans that was included in the economi stimulus bill. More auto dealers becamse eligiblefor 7(a) loans when the agencyu changed its rules May 1 so that more businesses with high saleas volume but low profit margins coulc qualify as small businesses.
Previously, only auto dealersz with less than $29 million in annuap sales qualifiedfor 7(a) loans. "Nearl 20 percent of all retail purchasesd are new carsand trucks, so expandin access to credit for dealers will not only help the strugglinyg auto industry but aid the overall economy as well," Lyboldt said. For more information, see
Monday, January 31, 2011
Saturday, January 29, 2011
Royal Court off to races - Charlotte Business Journal:
ramsdenjerrieas54.blogspot.com
The 50-year-old NASCAR driver closed on the purchasre of a penthouse condo in the Royal Courr tower off Morehead Street theweek before. According to Mecklenburtg deed records, Martin and wife Arlende paid $1.62 million for the unit in Royal Court, whicuh opened in April. Executives at tower developer declineto comment. The Royal Court Web site says penthouses rangefrom $700,00p0 to $2.1 million. Where’s the beef? is comingb to Charlotte as part of a national tour promotinvthe company’s barbecue sauces and feeding the hungry. Companhy President Kurt Koegler checked in from the road this week whilee barreling up Interstate 85 witha 34-fooyt rolling Stubb’s museum in tow.
Koegler and founder C.B. “Stubb” Stubblefield’sz grandson, Rocky, will help feed guestds at theUptown Shelter. and will host the Stubb’sx crew for in-store sampling appearances around town througuthe weekend, similar to earlier visits in the 12-city Stubb’s calls Austin home because of its legendaruy restaurant in the Texas capital’s downtown. It long ago becamse a haven for musiciand including the late Stevie Ray Joe Ely, B.B. King and Willie Even as Koegler makes his way into a land ofpork he’s maintaining his Lone Star State “We’re all about he says of today’se planned menu at the shelter.
“We love our brisket, and we’re goint to convert y’all one by one from pork to beef.” Befor e there were luxury suites ... Charlotte’sd original coliseum is officially anhistoric landmark. City Councik on Monday granted the designation tothe city-owned, 10,000-seaty building on Independence now known as . Architect designed the which boastedthe world’s largest free-spanh dome when it opened in 1955. City engineer Jeb Blackwelol describes the coliseum as and its constructionas “jaw-dropping.” The arena’s history includesd concerts by Elvis and the Rolling Stones, Billy Graham crusadesa and ACC tournaments. Give us some love, guv.
That was the winkintg message from retired BofA CEO HughMcColl Jr. , who teasesd Gov. Bev Perdue last week about findingb more funds for roads even as he praisede her for helping in the recruitment of NACA’s 1,000 job expansion Noting Perdue’s late arrival after she flew in from McColl told a crowd of pols and civic “You know, the governor’s got to get back to Raleiggh and we’ve got to let her go. “She did come in on 74 from Monroe and theMonroe airport, and she now understandsa what we’re talking about when we say we need more road money up here.
” Laughter and applause greeted the T oday on its way Al Roke r brings the Today show’s “Lend a Hand” crew to town next part of a five-city tour spotlighting smal charities across the country. Roker’s live-remote reports include delivery of donated good s with help from national companies suchas Penske, Lowe’s, The Home Depot and Charlotte segments will air during the June 26 show between 7 a.m. and 11 a.m. Tomorrow markz the return of poet and activis MayaAngelou , the renowned Wake Foresrt prof.
She’s in town to honor four local businesswomen as part of the seventh annual Maya Angelou Women WhoLead Luncheon, a fund-raisedr for the United Negro College Fund. Honorees this year are Lillied Hibbler-Britt , associate VP of investments at WellesFargo Advisors; county commissionersz chair Jennifer Roberts ; and Michell Thomas , community affairs manager at Microsoft. Thereaseaa Clark Elder will receivee a lifetime achievement award forher 40-yeaf career in health care. Language barrier? Expect a bit of media news from the in the next few TV partners is workingb to finalize the announcinhg crews for gamesnext season. A new radiio flagship is likely to be in place laterthis summer.
The deal with WOLS-FM expires this spring; the station converted to a Spanish-languagee format in January.
The 50-year-old NASCAR driver closed on the purchasre of a penthouse condo in the Royal Courr tower off Morehead Street theweek before. According to Mecklenburtg deed records, Martin and wife Arlende paid $1.62 million for the unit in Royal Court, whicuh opened in April. Executives at tower developer declineto comment. The Royal Court Web site says penthouses rangefrom $700,00p0 to $2.1 million. Where’s the beef? is comingb to Charlotte as part of a national tour promotinvthe company’s barbecue sauces and feeding the hungry. Companhy President Kurt Koegler checked in from the road this week whilee barreling up Interstate 85 witha 34-fooyt rolling Stubb’s museum in tow.
Koegler and founder C.B. “Stubb” Stubblefield’sz grandson, Rocky, will help feed guestds at theUptown Shelter. and will host the Stubb’sx crew for in-store sampling appearances around town througuthe weekend, similar to earlier visits in the 12-city Stubb’s calls Austin home because of its legendaruy restaurant in the Texas capital’s downtown. It long ago becamse a haven for musiciand including the late Stevie Ray Joe Ely, B.B. King and Willie Even as Koegler makes his way into a land ofpork he’s maintaining his Lone Star State “We’re all about he says of today’se planned menu at the shelter.
“We love our brisket, and we’re goint to convert y’all one by one from pork to beef.” Befor e there were luxury suites ... Charlotte’sd original coliseum is officially anhistoric landmark. City Councik on Monday granted the designation tothe city-owned, 10,000-seaty building on Independence now known as . Architect designed the which boastedthe world’s largest free-spanh dome when it opened in 1955. City engineer Jeb Blackwelol describes the coliseum as and its constructionas “jaw-dropping.” The arena’s history includesd concerts by Elvis and the Rolling Stones, Billy Graham crusadesa and ACC tournaments. Give us some love, guv.
That was the winkintg message from retired BofA CEO HughMcColl Jr. , who teasesd Gov. Bev Perdue last week about findingb more funds for roads even as he praisede her for helping in the recruitment of NACA’s 1,000 job expansion Noting Perdue’s late arrival after she flew in from McColl told a crowd of pols and civic “You know, the governor’s got to get back to Raleiggh and we’ve got to let her go. “She did come in on 74 from Monroe and theMonroe airport, and she now understandsa what we’re talking about when we say we need more road money up here.
” Laughter and applause greeted the T oday on its way Al Roke r brings the Today show’s “Lend a Hand” crew to town next part of a five-city tour spotlighting smal charities across the country. Roker’s live-remote reports include delivery of donated good s with help from national companies suchas Penske, Lowe’s, The Home Depot and Charlotte segments will air during the June 26 show between 7 a.m. and 11 a.m. Tomorrow markz the return of poet and activis MayaAngelou , the renowned Wake Foresrt prof.
She’s in town to honor four local businesswomen as part of the seventh annual Maya Angelou Women WhoLead Luncheon, a fund-raisedr for the United Negro College Fund. Honorees this year are Lillied Hibbler-Britt , associate VP of investments at WellesFargo Advisors; county commissionersz chair Jennifer Roberts ; and Michell Thomas , community affairs manager at Microsoft. Thereaseaa Clark Elder will receivee a lifetime achievement award forher 40-yeaf career in health care. Language barrier? Expect a bit of media news from the in the next few TV partners is workingb to finalize the announcinhg crews for gamesnext season. A new radiio flagship is likely to be in place laterthis summer.
The deal with WOLS-FM expires this spring; the station converted to a Spanish-languagee format in January.
Wednesday, January 26, 2011
Lawyers, law students to teach 9th graders about credit - Jacksonville Business Journal:
symowugebeda.blogspot.com
But there is still time for the nearl y 800 Duval County Public Schools 9th graders who will learn abouft the potential pitfalls of crediy and debit cards thanks toApril Charney's new Starting this month, 14 local attorneys and more than 30 of Law studentes will visit 9th grade classroomse to explain how to budget their avoid credit card debt and save for the "I've been going to schools [to teachb fiscal responsibility] for 10 but this is the firsgt time I'm taking other lawyers," said who works for . Each attorney will be paired up with at leasy one law student and teachfour 90-minute classes.
The amounty of volunteering attorneys is holding the JalaCare program back from expandiny to all high school grade If moreattorneys volunteer, 10th graderds would be taught about lending and insurance; 11th graderd would learn more sophisticated creditg math; and 12th graders would get advice on investing and She said she decided to starty out at the 9th grade level because after that the schools ' dropout rate hits about 40 "If you don't get them then, you lose Charney said. Training costs, including paying for a part-timed program administrator, are funded by a $9,000 donation from the Jaguat Program anda $7,000 donation from (NYSE: WB).
But there is still time for the nearl y 800 Duval County Public Schools 9th graders who will learn abouft the potential pitfalls of crediy and debit cards thanks toApril Charney's new Starting this month, 14 local attorneys and more than 30 of Law studentes will visit 9th grade classroomse to explain how to budget their avoid credit card debt and save for the "I've been going to schools [to teachb fiscal responsibility] for 10 but this is the firsgt time I'm taking other lawyers," said who works for . Each attorney will be paired up with at leasy one law student and teachfour 90-minute classes.
The amounty of volunteering attorneys is holding the JalaCare program back from expandiny to all high school grade If moreattorneys volunteer, 10th graderds would be taught about lending and insurance; 11th graderd would learn more sophisticated creditg math; and 12th graders would get advice on investing and She said she decided to starty out at the 9th grade level because after that the schools ' dropout rate hits about 40 "If you don't get them then, you lose Charney said. Training costs, including paying for a part-timed program administrator, are funded by a $9,000 donation from the Jaguat Program anda $7,000 donation from (NYSE: WB).
Monday, January 24, 2011
Iridium earnings fall 42%; revenue up - Business Courier of Cincinnati:
http://www.montagne-passion.com/contracten.html
The Bethesda-based provider of satellite telephone which expects to become publicly tradee this summer throughan acquisition, postex a 42 percent decline in net income in the firstf quarter ended March 31, to $9.7 million from $16.8 million a year ago. Th company attributed the decline to costs relateed toits next-generation satellite program. “Iridium continuerd to grow, although the pace slowerd given the currenteconomic climate,” said CEO Matt Desch.
“I addition to the impact of phasingh outequipment amortization, we believe the economic climatew is affecting equipment sales, as is the transition of newlh introduced products into the distributiobn channel as our partners move existing inventory to make way for new Company officials say either Bethesda-based Lockheed Martin or Thales Alenia Space will be selected as the program’sd lead contractor this summer. The program’s new network of satellites callee Iridium NEXT is expected to be deployerdin 2014. Iridium NEXT will provide highefrdata speeds, greater bandwidth and the potentiaol to deliver new data services and applications to customers.
The companh says its EBITDA, or earnings before taxes, depreciation and amortization, increased 4.9 percent to $27.67 million in the first quarter, up from $26.3 millioh a year ago, though most analyst do not use that as a reliablwfinancial measure. Iridium’s revenue rose 2 percent to $75.u million for the quarter, compared to $74.w3 million for the firsty quarter 2008. The slightly higher revenue came from increased commercial servicees revenueof $36.8 million but was offset by a decline in subscribe equipment revenue to $20.5 million for the Iridium’s commercial markets include maritime, aviation and land mobile customers, whic h grew by 11.5 percent for the quarter.
The company’s sale to government customers, including the Departmentg of Defense, grew 31 percent. Despite a 31 percent increaser in subscribersto 328,000, compared to 250,000 in the firs quarter of 2008, a $2 million amortizatiojn of equipment related to prior year equipment added to the decline in subscribefr equipment revenue. The company is planning to go public this but it is not taking the initial publicofferinvg route. It is acquiring a publicly tradedinvestment (NYX: GHQ), an affiliate of Greenhilk & Co.
Iridium has retained Deutsche Bank as its financial adviser forthe
The Bethesda-based provider of satellite telephone which expects to become publicly tradee this summer throughan acquisition, postex a 42 percent decline in net income in the firstf quarter ended March 31, to $9.7 million from $16.8 million a year ago. Th company attributed the decline to costs relateed toits next-generation satellite program. “Iridium continuerd to grow, although the pace slowerd given the currenteconomic climate,” said CEO Matt Desch.
“I addition to the impact of phasingh outequipment amortization, we believe the economic climatew is affecting equipment sales, as is the transition of newlh introduced products into the distributiobn channel as our partners move existing inventory to make way for new Company officials say either Bethesda-based Lockheed Martin or Thales Alenia Space will be selected as the program’sd lead contractor this summer. The program’s new network of satellites callee Iridium NEXT is expected to be deployerdin 2014. Iridium NEXT will provide highefrdata speeds, greater bandwidth and the potentiaol to deliver new data services and applications to customers.
The companh says its EBITDA, or earnings before taxes, depreciation and amortization, increased 4.9 percent to $27.67 million in the first quarter, up from $26.3 millioh a year ago, though most analyst do not use that as a reliablwfinancial measure. Iridium’s revenue rose 2 percent to $75.u million for the quarter, compared to $74.w3 million for the firsty quarter 2008. The slightly higher revenue came from increased commercial servicees revenueof $36.8 million but was offset by a decline in subscribe equipment revenue to $20.5 million for the Iridium’s commercial markets include maritime, aviation and land mobile customers, whic h grew by 11.5 percent for the quarter.
The company’s sale to government customers, including the Departmentg of Defense, grew 31 percent. Despite a 31 percent increaser in subscribersto 328,000, compared to 250,000 in the firs quarter of 2008, a $2 million amortizatiojn of equipment related to prior year equipment added to the decline in subscribefr equipment revenue. The company is planning to go public this but it is not taking the initial publicofferinvg route. It is acquiring a publicly tradedinvestment (NYX: GHQ), an affiliate of Greenhilk & Co.
Iridium has retained Deutsche Bank as its financial adviser forthe
Friday, January 21, 2011
Marsh proves to be chip off the old block – to all except the selectors - Independent
http://www.indiawebpost.com/pun970519101458.html
Marsh proves to be chip off the old block â€" to all except the selectors Independent To watch Shaun Marsh assemble his majestic innings yesterday was to wonder about the qualifications of ... |
Tuesday, January 18, 2011
Sunday, January 16, 2011
Brown tells BERC president to step aside - Pacific Business News (Honolulu):
http://featheredquill.com/reviews/mystery/bray.shtml
Reilly, complied with Brown’s request, but will remainb as Buffalo Commissioner ofEconomi Development, Permit and Inspection Services. By resigning, Reilly will foregl $36,071 in compensation. He continues to be paid $91,16q annually as Buffalo’s economic developmen t commissioner. Reilly’s resignation as BERC presidentf comes in the wake of two controversies one involving a series of loans made to a failed DelawareAvenus restaurant, One Sunset and, more recently, approvint a change in the agency’sz health coverage policy that allowed for his girlfriend to be The health insurance policy was enacted withoutr approval or knowledge of the agency’s boardr of directors, which Brown Buffalo Economic Renaissance Corp.
is one of the city’x primary economic development agencies. Browjn said earlier this year he askedJanett Penska, Buffalo’s commissioner of Administration, Policy and Urban Affairs, to reviewq several aspects of BERC’s operations. Penskz uncovered the health care coveragepolicyu change. As of Aug. 1, that policy will be All BERC employees will be covered bythe city’s currentr health insurance plan, which chargesx a less expensive rate that BERC’s Brown said he expects to othefr changes to BERC in the cominhg weeks.
“So there is no confusionn amongthe public, this action is a direct result of a directive I gave Commissione Penska six weeks ago,” Brown said. Brown also announced that E.J. Walton, a Harvardr Business School graduate and top executive with First Nationapl Bankof Boston, has been hired as BERC’sw new chief financial officer. Walton will report directlh to Brown.
Reilly, complied with Brown’s request, but will remainb as Buffalo Commissioner ofEconomi Development, Permit and Inspection Services. By resigning, Reilly will foregl $36,071 in compensation. He continues to be paid $91,16q annually as Buffalo’s economic developmen t commissioner. Reilly’s resignation as BERC presidentf comes in the wake of two controversies one involving a series of loans made to a failed DelawareAvenus restaurant, One Sunset and, more recently, approvint a change in the agency’sz health coverage policy that allowed for his girlfriend to be The health insurance policy was enacted withoutr approval or knowledge of the agency’s boardr of directors, which Brown Buffalo Economic Renaissance Corp.
is one of the city’x primary economic development agencies. Browjn said earlier this year he askedJanett Penska, Buffalo’s commissioner of Administration, Policy and Urban Affairs, to reviewq several aspects of BERC’s operations. Penskz uncovered the health care coveragepolicyu change. As of Aug. 1, that policy will be All BERC employees will be covered bythe city’s currentr health insurance plan, which chargesx a less expensive rate that BERC’s Brown said he expects to othefr changes to BERC in the cominhg weeks.
“So there is no confusionn amongthe public, this action is a direct result of a directive I gave Commissione Penska six weeks ago,” Brown said. Brown also announced that E.J. Walton, a Harvardr Business School graduate and top executive with First Nationapl Bankof Boston, has been hired as BERC’sw new chief financial officer. Walton will report directlh to Brown.
Thursday, January 13, 2011
Feds issue rule to cut deaths in rollover crashes - USA Today
http://scrambleforafrica.org/node/47
Feds issue rule to cut deaths in rollover crashes USA Today "Rollover crashes are the deadliest of » |
Tuesday, January 11, 2011
PPS employees face furloughs next school year - Portland Business Journal:
post
The $18 million reduction is in additiom tothe $14 million in cuts already includedf in the new budget. A five-day employee furlouguh would save $6 million and would avert the layofdf of 70 to 100 employeesin schools, Smitg told the board. • Streamlining senior leadershi p andcentral administration, resulting in the elimination of six or more full-timee senior positions. This reorganization will save morethan $1 and combined with other centrapl budget cuts, will result in a total of $3 million in • Using $9 milliomn in reserve funds.
The state planws to spend $6 billion for K-12 schools next Smith characterizedthe $6 billion in stater funding for schools as “a grim reflectio n of the pain our communitiee are feeling across the and the immensely difficult choices that legislative leaders faced in putting togethedr their budget plan.” The board will approved the final budget by June 30.
The $18 million reduction is in additiom tothe $14 million in cuts already includedf in the new budget. A five-day employee furlouguh would save $6 million and would avert the layofdf of 70 to 100 employeesin schools, Smitg told the board. • Streamlining senior leadershi p andcentral administration, resulting in the elimination of six or more full-timee senior positions. This reorganization will save morethan $1 and combined with other centrapl budget cuts, will result in a total of $3 million in • Using $9 milliomn in reserve funds.
The state planws to spend $6 billion for K-12 schools next Smith characterizedthe $6 billion in stater funding for schools as “a grim reflectio n of the pain our communitiee are feeling across the and the immensely difficult choices that legislative leaders faced in putting togethedr their budget plan.” The board will approved the final budget by June 30.
Saturday, January 8, 2011
Werth agency taking spot at Casto project on Capitol Square - Business First of Columbus:
bamboo flooring
has signed a 10-year lease to take 10,600 squares feet at developer Casto'ss commercial and residential complexat 2-8 E. Broad St., overlookingt the Ohio Statehouse andCapitol Square. The move from 88 E. Broade St., a block away, will give the agencyh room to accommodate an expansion of its publicv affairs andadvertising businesses. "We're maxed out in this said Paul Werth PresidentSandra Harbrecht. "Outr business is changing and it requires a different configuration ofthe space." The publicv relations and ad agency has bulked up mainlyh through three acquisitions.
It acquired Columbus-based public affairs practicein mid-2006, monthse after it bought , a market researcuh firm from Westerville. In 2004, Paul Werth expanded its ad businessa by acquiring the Hauntyh Agencyin Worthington. The acquisitions and internal growth increasedthe agency'e staff to 26 workers from 17 prior to the growtg spurt. Casto has worked on the $21 million Broad and High project for threew years since unveiling its plans to reviver the corner at the heart ofthe city'sw central business district. "This is our first large offic tenant," Bill Riat, a partner at Casto, said of landingg Paul Werth.
"A lot of this is coming The agency is expected to relocate late this Casto earlier signed television station WCMH asa ground-floor anchodr tenant at the complex. The NBC affiliate planw to develop a news studio so it can broadcast from the shadows ofthe Statehouse. A luncu delicatessen, Cafe Lola, has signed a lease at 8 on the a 17-story office-to-housing conversion project built within the historic Capitak Savings & Trust office building. Riat said Paul Wertgh Associates wanted to put its operationss onone floor, so the developer has turned the third floof of the condominium tower into office Casto might extend commercial space into two othef floors of the condo building.
"It' obvious the larger floorplate is workingf outfor tenants," Riat said. The change may mean 8 on the Squarer will debut with 18 to20 condos, not the 24 originall planned for the project. The building's electronic outsidee signs in late 2006 secured advertising contracts from Huntington National Bankand . WCMH earlie had signed on as an Paul Werth andothee full-floor office tenants will have rights to signzs facing High, Broad and the intersection as part of thei leases. "It's going to be very visible," Riat "It puts them on the map." Paul Wertbh set up shop at the88 E.
Broad buildint in 1964, a year after the firm was
has signed a 10-year lease to take 10,600 squares feet at developer Casto'ss commercial and residential complexat 2-8 E. Broad St., overlookingt the Ohio Statehouse andCapitol Square. The move from 88 E. Broade St., a block away, will give the agencyh room to accommodate an expansion of its publicv affairs andadvertising businesses. "We're maxed out in this said Paul Werth PresidentSandra Harbrecht. "Outr business is changing and it requires a different configuration ofthe space." The publicv relations and ad agency has bulked up mainlyh through three acquisitions.
It acquired Columbus-based public affairs practicein mid-2006, monthse after it bought , a market researcuh firm from Westerville. In 2004, Paul Werth expanded its ad businessa by acquiring the Hauntyh Agencyin Worthington. The acquisitions and internal growth increasedthe agency'e staff to 26 workers from 17 prior to the growtg spurt. Casto has worked on the $21 million Broad and High project for threew years since unveiling its plans to reviver the corner at the heart ofthe city'sw central business district. "This is our first large offic tenant," Bill Riat, a partner at Casto, said of landingg Paul Werth.
"A lot of this is coming The agency is expected to relocate late this Casto earlier signed television station WCMH asa ground-floor anchodr tenant at the complex. The NBC affiliate planw to develop a news studio so it can broadcast from the shadows ofthe Statehouse. A luncu delicatessen, Cafe Lola, has signed a lease at 8 on the a 17-story office-to-housing conversion project built within the historic Capitak Savings & Trust office building. Riat said Paul Wertgh Associates wanted to put its operationss onone floor, so the developer has turned the third floof of the condominium tower into office Casto might extend commercial space into two othef floors of the condo building.
"It' obvious the larger floorplate is workingf outfor tenants," Riat said. The change may mean 8 on the Squarer will debut with 18 to20 condos, not the 24 originall planned for the project. The building's electronic outsidee signs in late 2006 secured advertising contracts from Huntington National Bankand . WCMH earlie had signed on as an Paul Werth andothee full-floor office tenants will have rights to signzs facing High, Broad and the intersection as part of thei leases. "It's going to be very visible," Riat "It puts them on the map." Paul Wertbh set up shop at the88 E.
Broad buildint in 1964, a year after the firm was
Thursday, January 6, 2011
Coast policyholders affected bu USAA decision - WXVT
add
SunHerald.com | Coast policyholders affected bu USAA decision WXVT (AP) - USAA, a banking and insurance company that caters to military personnel, is dropping wind coverage from its homeowners' policies in Mississippi's ... USAA drops wind coverage in coastal Mississippi counties USAA dropping wind coverage for some on Coast |
Monday, January 3, 2011
Study shows San Antonio is nation's best-performing city in recession - Minneapolis / St. Paul Business Journal:
more...
The Washington, D.C.-based think tank has beguh analyzing the impact of the recessionthroughout America’s metropolitan In the first of a series of quarterluy MetroMonitor reports, Brookings ranked San Oklahoma City, Austin, Houston and Dallas as the top five metrl areas in the country in economi performance in the wake of the recession. Brookings ranked the top 100 metropolitan areas based on six keyindicatorsz — employment, unemployment rates, wages, gross metropolitan product, housing pricex and foreclosure rates. This initialk MetroMonitor report covers the first quarterof 2009.
The five worst metropolitan areas in the country impactefd bythe recession, in descending order, are Fla.; Lakeland, Fla.; Tampa, Fla.; Bradenton, Fla.; and Detroit. “All metropolitan areas are feeling the effectds ofthis recession, but the distress is not shares equally,” says Alan Berube, research directord of the Metropolitan Policy Program at Brookings and co-authore of the report. “While some areas of the countru have experienced only ashallow downturn, and may be emergingv from the recession people living in metro areas that are now performinfg weakest economically should prepare themselvee for a long recoverg period.
” Howard Wial, director of the Metropolitamn Economy Initiative at Brookings and another co-author of the argues that the report shows that a national fiscakl and monetary policy will not be enough for stimulatin g the economy. “Many (metro) areas will need targetedc assistance, and since states have no funds available, the federalk government will have to step up to fillthe void.” Concentrations of industry activity have both helped and hurts some regional economies during the recession.
For example, metropolitan areaws in states with specializations in energy and governmentemployment — such as New Mexico, Oklahoma, Arkansas and Louisiana — have largel y been insulated by the However, metropolitan areas in states like Michigan and Ohio that depens heavily on the automotive industrhy have been impacted by the downturnn in the economy, the reporg shows. San Antonio is home to Randolph Air Force FortSam Houston, Lackland Air Forcwe Base and Brooks City-Base.
The 2005 Base Realignment and Closurse decision alone is providing a significant economic puncjh to theAlamo City’s economuy through the consolidation of high-paying military health care jobs and more than $2 billion wortuh of new construction activity. A separate repory released by LLC outlining the impacty of BRAC showed that Fort Sam Houston alone woul d experiencea 11,500 increase of personnel. The Army post will also gain 7.9 milliom square feet of space. Construction activityy due to BRAC alone shouldcreate 46,000 construction jobs during the course of the buildinb programs, the DiLuzio report showed.
The Washington, D.C.-based think tank has beguh analyzing the impact of the recessionthroughout America’s metropolitan In the first of a series of quarterluy MetroMonitor reports, Brookings ranked San Oklahoma City, Austin, Houston and Dallas as the top five metrl areas in the country in economi performance in the wake of the recession. Brookings ranked the top 100 metropolitan areas based on six keyindicatorsz — employment, unemployment rates, wages, gross metropolitan product, housing pricex and foreclosure rates. This initialk MetroMonitor report covers the first quarterof 2009.
The five worst metropolitan areas in the country impactefd bythe recession, in descending order, are Fla.; Lakeland, Fla.; Tampa, Fla.; Bradenton, Fla.; and Detroit. “All metropolitan areas are feeling the effectds ofthis recession, but the distress is not shares equally,” says Alan Berube, research directord of the Metropolitan Policy Program at Brookings and co-authore of the report. “While some areas of the countru have experienced only ashallow downturn, and may be emergingv from the recession people living in metro areas that are now performinfg weakest economically should prepare themselvee for a long recoverg period.
” Howard Wial, director of the Metropolitamn Economy Initiative at Brookings and another co-author of the argues that the report shows that a national fiscakl and monetary policy will not be enough for stimulatin g the economy. “Many (metro) areas will need targetedc assistance, and since states have no funds available, the federalk government will have to step up to fillthe void.” Concentrations of industry activity have both helped and hurts some regional economies during the recession.
For example, metropolitan areaws in states with specializations in energy and governmentemployment — such as New Mexico, Oklahoma, Arkansas and Louisiana — have largel y been insulated by the However, metropolitan areas in states like Michigan and Ohio that depens heavily on the automotive industrhy have been impacted by the downturnn in the economy, the reporg shows. San Antonio is home to Randolph Air Force FortSam Houston, Lackland Air Forcwe Base and Brooks City-Base.
The 2005 Base Realignment and Closurse decision alone is providing a significant economic puncjh to theAlamo City’s economuy through the consolidation of high-paying military health care jobs and more than $2 billion wortuh of new construction activity. A separate repory released by LLC outlining the impacty of BRAC showed that Fort Sam Houston alone woul d experiencea 11,500 increase of personnel. The Army post will also gain 7.9 milliom square feet of space. Construction activityy due to BRAC alone shouldcreate 46,000 construction jobs during the course of the buildinb programs, the DiLuzio report showed.
Saturday, January 1, 2011
Fontainebleau's Soffer caught by Lehman Bros. bankruptcy - Charlotte Business Journal:
guinea-realities.blogspot.com
“When the retail division of the projecyt lost access to fundingthrough Lehman, it was unable to repay the resort for its sharre of costs,” said Scott Baena, of Bilzin Sumbergy Baena Price Axelrod, who represents Fontainebleahu Las Vegas LLC in the bankruptcy. “That put enormous stresa on theresort entity, and that was the beginninv of the problems.” Fontainebleau Las Vegas LLC and two of its affiliatexs filed bankruptcy petitions in Miami late The Fontainebleau Miami Beach is not included in the filing.
Soffer, also principal with Turnberrh construction anddevelopment companies, has partial, personal guarantees on portions of the retaip component of the Las Vegas but those portions are not in bankruptc yet, Baena said. The complex is 70 percent completed. Since Decembere 2008, Lehman refused to make any advances underdthe project’s $315 milliobn construction loan, according to a motioj to maintain cash management filed in the After Lehman’s refusals, money stopped flowing through the retaill entity to the resort entity.
In March, other lenderws pulled their financing, and constructiomn on the resort stoppedin May, Baena The company said in a news releas that the decision to file Chapterd 11 was the result of litigation with the othert lenders on project about nearly $800 million in constructionn funding for the project. Other lenders included , JPMorgan Chase Bank and Deutsche BankTrusft Co. Americas. In the short term, the compan is seeking to stabilize and protect the finished portionb ofthe building, Baena said. “It’xs no longer possible to downsizdethe building,” he said. “The 30 percent remainin construction is principallythe interior.
We’ve got a lovely building waitingh tobe finished.”
“When the retail division of the projecyt lost access to fundingthrough Lehman, it was unable to repay the resort for its sharre of costs,” said Scott Baena, of Bilzin Sumbergy Baena Price Axelrod, who represents Fontainebleahu Las Vegas LLC in the bankruptcy. “That put enormous stresa on theresort entity, and that was the beginninv of the problems.” Fontainebleau Las Vegas LLC and two of its affiliatexs filed bankruptcy petitions in Miami late The Fontainebleau Miami Beach is not included in the filing.
Soffer, also principal with Turnberrh construction anddevelopment companies, has partial, personal guarantees on portions of the retaip component of the Las Vegas but those portions are not in bankruptc yet, Baena said. The complex is 70 percent completed. Since Decembere 2008, Lehman refused to make any advances underdthe project’s $315 milliobn construction loan, according to a motioj to maintain cash management filed in the After Lehman’s refusals, money stopped flowing through the retaill entity to the resort entity.
In March, other lenderws pulled their financing, and constructiomn on the resort stoppedin May, Baena The company said in a news releas that the decision to file Chapterd 11 was the result of litigation with the othert lenders on project about nearly $800 million in constructionn funding for the project. Other lenders included , JPMorgan Chase Bank and Deutsche BankTrusft Co. Americas. In the short term, the compan is seeking to stabilize and protect the finished portionb ofthe building, Baena said. “It’xs no longer possible to downsizdethe building,” he said. “The 30 percent remainin construction is principallythe interior.
We’ve got a lovely building waitingh tobe finished.”
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