Saturday, January 29, 2011

Schwarzenegger says day of reckoning is here - Atlanta Business Chronicle:

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“California’s day of reckoning is here,” he said. With no the state could run out of cash in14 days. Threed months after the state budgefwas approved, California faces a $24 billion Schwarzenegger has already proposed massive cuts to education, healthu care and prisons. Now he’s looking for structural refork to make government more efficient and stretchhtaxpayer dollars. He’s asked the State Board of for example, to make textbooks available in digital formats a move that couldsave millions. In the governor talked about blowing up boxeas andconsolidating agencies, but the initiatives never gainexd traction. They’re back.
Schwarzenegger is proposin g once again to eliminate and consolidate more than a dozenstatr departments, boards and commissions. This includes the Waste Management Board, the Court Reporters the Department of Boating and Waterways and the Inspectionb and Maintenance Review Committee. Earlie r this year, the state began consolidating informatiojntechnology departments. Now Schwarzenegger wants to consolidate departmentsw that oversee financial institutions and merge taxcollection operations. In July, state leaders will receive recommendations on how to modernizes thetax code.
“This will be a tremendous opportunityu to make our revenues more reliablde and less volatile and help the states avoid the boom and bust budgets that have broughtf ushere today,” Schwarzenegger told lawmakers. It’s not going to happe n in 14 days, he said. But it could happe before the Legislature adjourns for summert recess onJuly 17.

Wednesday, January 26, 2011

Shopping center mogul McGill files $140M personal bankruptcy - Atlanta Business Chronicle:

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McGill is the owner of Jupiter-base d . He has personal guarantees on dozens of shopping centeer developments inseven states. Florida projects include a -anchorefd development on McNab Road inNortyh Lauderdale, an center in Florida and numerous projects in Cape The largest creditors in the bankruptcy are U.S. with unsecured claims of morethan $43 million, and , with more than $37 Deerfield Beach-based contractor has a claim of $310,969, accordintg to the bankruptcy petition. The bankruptcy highlightxs prolonged financial stress in the retail realestate sector, according to McGill’s attorney, Chad Pugatch of in Fort Lauderdale.
“He’d a real estate developer who has been a very successful manfor sometime, who ran into some problems due to the Pugatch said. “A lot of tenantss are going outof business. Circui t City and Linens ’n Things are prime examples of the type of tenantshe McGill’s company Web site callz him a driving force in the developmengt industry, with 37 years The petition lists his address as 15106 Palmwoodf Road in Palm Beacy Gardens, with a value of $5.5 million and a $4.89 million mortgage held by . Among his a 39-foot Sea Ray boat valued at $232,000, whic h he intends to surrender; a $400 Mont Blanc and a $4,000 wine and art collection.
The petition listse his gross incomeas $7.2 millioh in 2005, adjusted to a loss of $2.9 $8.7 million in 2006, adjusted to a loss of $2.5 and $9.7 million in 2007, adjusted to a lost of $2.5 The petition states his monthly income as $38,000. McGill declined to be interviewecd forthis story. Pugatcj said McGill had been hit by several lawsuitx over hispersonal guaranties. “He ended up in workout mode with manylenderse and, unfortunately, some were not willingt to work things out in the way he he said.
Pugatch said his client believes he can help maximizre the value of theretail “When all the dust clears and he has a better handl e for how much he may be on the hook for personally, we’lpl work out a plan to pay that back over time,” Pugatchj said. McGill has plenty of companu inhis troubles, according to the . The councipl held its annual retail real estate convention this In anews release, it said the financial crisias continues to aggravate industry woes and is “greatly extending the recoveryy timeframe.
” Christopher Niehaus, managing director of New York City–basefd , said in the council’s release: “Atf the height of the credit bubble, therwe was an average of $100 in assets for every $3 of equity in commercial real estate. So, we are now in a periodf where there is a massive Charles Lebovitz, chairman and CEO of Tenn.–based CBL Associates, said in the releasde that lack of financing has made it difficul t for both developers and retailersa to move forward. “At the end of 2007, CBL had only one emptty box inits portfolio,” he said. “Ag the end of 2008, there were 50 empty.

Monday, January 24, 2011

Leading Economic Index up in May for second consecutive month - Memphis Business Journal:

http://ameliajune.net/the-bell-curve/
The Conference Board’s Leading Economic Indexz for the U.S. increased by 1.2 perceng in May, following a 1.1 percent increasd in April anda 0.3 percent decline in March. The LEI projectsd economic activity for the next three tosix months. Ken an economist at the New York-based researcjh group, said confidence in the economy is beginninbgto improve. “Confidence is and financial market volatility is he said. “Even the housing market appears to be If thesetrends continue, expect a slow recovergy beginning before the end of the year.
However, employmenr will take longer to turn In addition to gains in the LEI for the seconfdconsecutive month, the strengths amongf its components continued to exceedr the weaknesses this Vendor performance, interest rate spread, real money stock prices, consumer expectationd and building permits contributed positivelyy to the index, more than offsetting the negatives figures in weekly hours and initial unemploymentg claims. The index rose by 1.2 percentg (a 2.4 percent annual between November 2008 and May the first time the index has been positive fora six-monthu period since April 2007. The strengths among the leadinvg indicators became balanced with the weaknessezs duringthis period.

Friday, January 21, 2011

The Clearly the World Leader Gabfest - Slate Magazine

http://nexussolutions.com.au/projects.php


The Clearly the World Leader Gabfest

Slate Magazine


Become a fan of the Political Gabfest on Facebook. We post to the Facebook page throughout the week, so keep the conversation going by joining us there. ...



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Facebook, Think settle trademark dispute - The Business Review (Albany):

http://firstcommunitybank.us/home/rates.html
Palo Alto-based Facebook and Think did not disclosed terms ofthe settlement. Think's CEO and Aaron Greenspan, attended Harvard with Facebook CEO and founder Mark Zuckerbergbin 2002-2004, where both were "entrepreneurialluy minded programmers," the companies said. Starting in Augusr 2003, Think released a Web-based student portal calleed houseSYSTEM through a Harvardstudent group. This software was designecd to make life easierfor students, faculty, and alumni. By Septembeer 2003, houseSYSTEM featured a section (devised and implemented by called "The Universal Face (sometimes called "The Face Book").
Think'ws system contained a number of including acourse scheduler, student marketplace, emai l service, automatic birthday reminder, messagew boards, photo album, digital flyer event calendar (with online RSVP's), map integration, job and local business reviews. At launch, houseSYSTEM did not featurwe member profiles due to campus security Profiles were added after Zuckerberg launched Facebook in February along withnew features, allowing friende to record the way they had met and noting the strength of theid relationships. "Aaron and I studied togethet at Harvardand I've alway admired his entrepreneurial spiriyt and love of building things.
I appreciate his hard work and innovationh that led to building including the Universal Face Book At school, I was even a memberf of houseSYSTEM. We are pleasec that we've been able to amicablt resolveour differences," Zuckerberg said in a preparef statement. "I am glad that my contributions have been recognizecdby Facebook," said Greenspan. "Maro has built a tremendous companyat Facebook, and I wish them continued success in the future.
"

Tuesday, January 18, 2011

Congress threatens currency bill as Obama and Hu prepare to meet - Washington Post (blog)

http://rvre.com/service.html


Congress threatens currency bill as Obama and Hu prepare to meet

Washington Post (blog)


Sen. Olympia Snowe at the US Capitol in October 2009. (Photo Credit: Chip Somodevilla/Getty Images) While the White House is preparing ...



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Sunday, January 16, 2011

Industrial sector remains strong, study shows - Atlanta Business Chronicle:

http://pigeonforgelogcabinrentals.com/homepage/offseasonrates.html
Nonetheless, the market continueed to grow during thesecond quarter, with more tenants movinvg into space than moving out, according to Scott director of research for Even better, Amosonh said, year-to-date absorption levels for 2007 are similar to 2006 indicating the market is poiseds for another strong full-year performance. About 5 millio square feet has been filled sinces the beginning ofthe year. If all goes as 2007 will mark the fourth consecutives year that Atlanta industrial absorptiojn will exceed 12 millionsquare feet. At the same time, overallp vacancy, up slightly to 11.
5 percent, is expected to drop to 11 percentf by the end ofthe year, the first time sinc e 2005 the rate has been so low, Amosonj said. The slight current bump in the vacancgy rate is actually much lowerthan feared, he adding that observers worried that record industrial constructio over the past 18 months would push the vacancgy rate even higher. Average rental rates have remainede relatively stagnant over thepast year. DUKE Duke Realty Corp. has leased more than 400,0090 square feet of Atlantw industrial and distribution space in five recent At Technology Center of Georgia in Dukesubleased 155,620 square feet to Wheelerzs Inc.
, a manufacturer and distributodr of wood doors, windows and trusses. Charlie Keown of represented Wheelers, while Ben Logue and Price Weavedr of Colliers Spectrum Cauble represented At Duke's Horizon Business Center in Foam Tee Products renewed and expanded for a totakl of 50,350 square feet at 410 Horizon Drive. Randy Hoye of representee foamed plastic products manufacturerFoam Tec, while Duke's Brian Sutton represented his company.
In Henry County, at Duke'sz Liberty Distribution Center, Austrian plastics manufacturer Alpla leased 90,600 square feet and third-partyu warehouse services company Warehouse Basicsa leased 75,000 square feet at 120 Declaration Ray Stache and Jamew Phillpott of represented Alpla, while the Warehousde Basics deal was negotiated directluy with the tenant. Duke's Chris Brown representedc ownership inboth transactions. at Duke's Camp Creek Business Center in East MailExpressleased 42,480 square feet at Buildingy C. The company is the first tenant forBuildingh C, a 70,960-square-foot distribution center.
Bill Kilborn and Carl Mullis of representexd MailExpress while Brownrepresented ownership. AIRPORT GATEWAY has purchasedthe 246,200-square-foot Atlanta Airport Gateway from for $16. million, according to Databank Inc.

Thursday, January 13, 2011

Customer Loyalty Tool Widely Used in Most Industries is Now Available to Doctors

http://orbitintl.com/newspops/news2.html
Here is how the service the doctor signs up for the servicefor $65/monthy and then receives by mail a box of survey invite cardes (size of a business card) automatically every quarter. Durin g the patient's visit, the doctotr or the staff hands out to patients aninvite card. Each card containss a unique code that patientws will subsequently use to anonymously takea 5-minut online survey. Typical response rates are 5% to 30% - if a doctort sees 10 patients daily, she has 30 to 180 responseds per quarter.
Results are sharef solely with the doctor in a quarterly which also anonymously compares results with other doctors usingthe -- Costs: Assuming a cost of $2 per papere survey mailed, if a doctor sees 15 patients per day, the annuak cost per doctor is $7,200 (assuming 240 With Report For Doc, the cost for the same 15 patientsz per day is $780/year, almost a 90% -- Effectiveness: Patients can respond to the surve immediately after the visit, whils the experience is fresh in theid minds. Results are immediately updated online. -- Control: Existing services focus on helping patients evaluate doctors and results aremade public.
Repor For Doc takes an innovative partnering with doctors to help them learn whatpatientsx think, and serves as a confidential self-assessmenf tool, with individual results reported solelyu to the doctor. A doctorf who uses the service said: "For a flat monthly fee, doctord can invite every patient to take the surveyh and patients appreciate being able to sharestheir opinions. The service requires no you signup online, your stafrf hands out the invite cards to patients; and then you receivs the confidential reports." Report For Doc is availabls to physicians, dentists and other doctors who are in private practice, group medicine, hospitals and academia. Visitg for details.
Contact: Sergio Managing Director 720-277-6049 - direct This releasew was issuedthrough eReleases(TM). For more information, visit .

Tuesday, January 11, 2011

LexisNexis data breach linked to New York mob family - Houston Business Journal:

soileauifyyfa1786.blogspot.com
The New York-based compangy — which has 3,000 employeees in the Dayton area — has sent 13,000 letter s to former customers whosse personal data may be at the company said ina statement. The breach involve a former customer for a companycalled , whicgh LexisNexis bought in and was announced by the U.S. Attorney for the Southern District of Floridain May, accordintg to a LexisNexis spokesperson. “(The) customer involved in this matter shoulrd have provided notice to potentiallyaffected individuals,” LexisNexis said in a “However, because the customer is no longer in businesd we provided the notice.
” According to the which includes CIO magazine and PC World — the New Hampshirer Department of Justice posted a documenft Friday on its Web site to inform consumers abou t the breach. By Mondah evening, however, the link had been The document reportedly tied aFlorida man, with mob connectionse to the Bonanno crimer family, with accessing LexisNexis data. New Hampshire officialsd could notbe reached. In May, LexisNexia announced it is part of a separatre investigation into alleged credit card perpetrated by former customers ofthe company, according to a companyg statement. That fraud occurred from June 2004 toOctober 2007. The U.S.
Posta Inspection Service released a statement thatsaid 40,000 lettersa will be sent to consumerse and 300 victims have been identifiesd in an investigation concerning the breach. The company was part of a similar incident in 2005 and sent letters thento 280,0000 customers who may have been victims of identityy theft. LexisNexis U.S. is a unit of plc (NYSE: RUK), the Anglo-Dutcg publishing conglomerate. The company is an online information servicees and publishing companywith 13,000 peoplr worldwide.

Saturday, January 8, 2011

Food writers, critics gather for Key West Seminar - MiamiHerald.com

http://top1wowgold.com/wow-gold-video.html


Food writers, critics gather for Key West Seminar

MiamiHerald.com


KEY WEST (AP) -- Leading food writers and critics are offering an exploration of food in literature during the 29th annual Key West Literary Seminar. ...



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Thursday, January 6, 2011

Bids to be opened for stimulus road projects - bizjournals:

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There is one localk project, the widening of Ky. 61 in Bullitt County, betweejn Ky. 1526 and Cardinal Drive. The 0.7-mile projecrt is expected to cost $8 million. Another projec t to be bid toda is for a wideningof U.S. 421 in Franklin between U.S. 60 and Chenault Industrial The 2.3-mile project is expectec to cost $11 million. Bids are scheduled to be opened in late July fora pavement-replacemenf project for Interstate 65 in Jefferson County, betweemn Interstate 264 and Fern Valley Road. The 3.2-mile projecft is expected to cost $25 • Pavement repairs to Interstate 264 betweejn Curtiss Avenue andBreckinridged Lane, a 4.
7-mile, $10 million • Pavement repairs to Interstatd 265 between Seatonville and Taylorsvill e roads, a 4.5-mile, $4 million For more information about projects that the Transportation Cabinet is puttinh out for bids, visit the Web site for the Cabinet’ s Division of Construction Procurement at .

Monday, January 3, 2011

Effort launched to aid struggling arts groups - Atlanta Business Chronicle:

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Now the Metropolitan Atlanta Arts partof , has launched a $2.5 million initiative to help the region’x small and midsized arts groups weather the difficult Already, the fund has raised $1.8 millionn of the $2.5 milliojn goal, with the providing the largest contribution of $1.5 The other donors includde the Kendeda Fund, the Zeist Foundation and Bank of The remaining $700,000 is expected to be raise d in the next six months. The Atlantaw Arts Recovery initiative is allowing the Metr o Arts Fund to double its annual grants to cultural organizations from itsnorma $500,000 to $1 million.
The fund is announcinvg grants to 11 arts groups in six countiezs for a total of Inthe fall, the fund will make another rounrd of $500,000 grants, the first time the fund has given two roundxs of funds in one year. It planes to do two rounds in 2010as well. The fund also is able to provid more loans and financial assistancw toarts groups. “Our aim now is to support these organizations through a tough economic time becauserthey don’t have any said Lisa Cremin, director of the Arts Since 1993, the Arts Fund has given more than $7 million in grantd to 84 arts The current grant recipientsa are Actor’s Express, $60,000; Atlanta Celebrates Photography, $20,000; Atlanta Chamber $10,000; the Cultural Arts Center of Douglasville/Douglad County, $25,000; Dad’s Garage Theatre $45,000; Georgia Shakespeare, $50,000; the , $70,000; the Quinlan Visual Arts Center, $40,000; Theatre in the Square, , $75,000; and the Youtu Ensemble of Atlanta, $30,000.
“We were screaming and dancing,” said Raye managing director of Theatre in the when she heard aboutthe $75,000 “It was a happy The grant is enabling the theater, now in its 28th to balance its 2009 fiscal year, which ends in June. But Varneuy said she still has “a giant gap in my 2010 — a $400,000 gap. “I can’t take that to my Varney said. She said she is looking at ways to cut costsd andincrease revenue. “We are already operating with a thirdless staff.
” Kenny founding artistic director of True Colors Theatre Company, said the grant also helps fill a gap for his “We have been able to make payrol l every week, but we are two or three weeks away from beinvg able to do that,” Leon “I feel grateful for the trust that the fund has giveh us. It’s pretty amazing we’ve been here eigh t years now.” The Arts Fund has changed several of its guideline s in this cycleas well. Now arts organizations with a budget of upto $2 million qualify for compared with $1.5 million last year.
the grants can be applied to the general operating budget rather than for specific programsor “What they saw in this economy was that what organizations reall y needed was money that went to the bottonm line, money to pay the light bill, money to pay the rent and moneuy to pay salaries,” Varney said. Robergt W. Woodruff Foundation President Russ Hardin said smallerr arts organizations needed an infusion of All nonprofits, including arts organizations, have to recko n with this difficult economic environment,” Hardin “Our notion is that over the next couplw of years, arts organizations have to adjust to a new What a way to say Stuart Gulley, outgoing president of , is announcin g that the college has surpassed its $65 million “Defining Moment” fundraising goal.
The major project fundexd by the campaign was the buildingg ofthe college’s new 45,000-square-foot Franko and Laura Lewis Library. Among the top donations were $6 million from the ; $2.5 million from the Lettie Pate Whitehead and $3 million from an anonymous Atlanta Gulley is leaving LaGrange College to become the new presiden t of the Woodward Academy. Dan ’s provost, will beginh his job as the 25th president of LaGrang Collegein July.

Saturday, January 1, 2011

American Eagle first quarter earnings decline - Orlando Business Journal:

wife-treasuries.blogspot.com
Net income for the quarter endef May 2was $22.0 or 11 cents per share, comparedr to $43.9 million, or 21 cents, for the year-agop quarter. The teen clothing based on Pittsburgh's South Side, saw total sales declined 4 percent year-over-year, to $612 million, from $640.3 Comparable-store sales for American Eagld (NYSE:AEO) were down 10 percent for the compared to a 6 perceny decline in the same quarter ayear ago. "While we are neve satisfied with anearnings decline, there are early indicationds that the business is stablizing," CEO Jim O'Donnell said in a He cited improvement in the AE brand and categoriexs like dresses and accessories.
Analystzs were expecting earnings per share of7 cents, in line with management’s recent guidance, as the companuy seeks to improve its women’s apparel and maintainn its sales during a time when most retailers are facin g difficult sales declines and malls are drawinhg fewer customers. Jennifer Black, a principal of Oregon-basefd research company JenniferBlack & Associates LLC, saw reason for “I think it’s a very democratic brandf and it appeals to a lot of different people,” she “They’re in a pretty good position because they offedr consumers value but they have the brand name.
” Blacok was encouraged by the women’s assortment that American Eagle has rolled out in its praising the increased selection of women’sx dresses and women’s denim, a weaknessw at the company of late, for both tapping into the “Bohop Chic” trend and offering selection that enablesd female shoppers to mix and She also was strongly encouragef about the return of Rogef Markfield, the company’s former Co-CEO and Chiefd Merchandising Officer who retired in 2006. His return to Americam Eagle was announcedin January, underd the newly created titles of Executive Creative Officer.
Black said she didn’tg expect Markfield’s new strategies to have any major influence untilthe fall. Holly Guthrie, an analyst for suburban Philadelphia-basesd Boenning & Scattergood Equit Research, also expected the compang won’t see any meaningful turn arounduntil then. “Inm October 2008, same store sales decelerated at a fast andfuriouw pace,” she wrote in a recentr report. “We believe that (comparabl e store sales) could continue to be negative for the next four to five monthse and most importantly the biggest volumee sales are seen when productsare promoted.