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.
Sunday, January 16, 2011
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
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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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