Friday, March 1, 2013

Builders tap HUD dollars for housing - San Francisco Business Times:

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San Francisco-based developers , the and are all applying for Housing andUrban Development’as Section 220, a program that insurezs loans for multifamily housing projects locatec in areas that are designated for redevelopment or revitalization. Underf the program, the federal government essentiallyguarantees 40-year loans by providing Federal Housing Administratio mortgage insurance to lenders. The program, whichh only covers rental apartments and worksfor market-rate but not luxuruy housing also has a non-recourse provision, meaning that the developerf does not have to put up personak property as collateral.
Thus far at least four projectsa are in the process of applying for Section 220 includingEmerald Fund’s 308-unit 333 Harrison St. and Martin Building Group’s two projects — 2235 Third St. and 178 Townsend St. together totaling 275 apartments. The fourthb applying for funds is Menlo Capital which hasa fully-entitled 50-unit project in The program has been used rarely in the Bay Area over the past two decadee because capital has been so readilyu available and because the program includes statutory limitations restrictingv the loan amount that can be In the Bay Area, Section 220 coverzs up to $227,000 in construction cost for a two bedroom, $185,000 for a one bedroom or $165,00p0 for a studio.
Even with construction costsz down an estimated 20 percent to 30 percen t over the past the federally insured loans would only cover about 60 percent to 70 percent of projectf costs for amodest wood-frame apartmentg complex in San But with banks mostly out of the constructioj lending business, developers have no choice but to see if they can make Section 220 work, said Oz Erickson, president of the Emerald which was the last developer to take advantage of the progra m with the SoMa Residences a decade ago. “Even though peopld say there is lending, the fact is, nobodgy is lending. The building trades are getting said Erickson.
“This is the programj we are goingafter (for 333 Harrison St.) We will just have to find another way of gettinvg the rest of the cash.” He added: “If you meet the federal requirements, they give you the money.” Menlk Capital Group may be the first Section 220 projec t out of the gate with Victory Plac in Oakland, a 54-unit projecyt on the corner of Jefferson and 15th streets, said Managing Director Karabn Suri. Menlo Capital, a San Francisco-based family-owned merchant builder that has developed mostly inSilicomn Valley, is about half way through the six-montgh HUD application project.
He said the company started lookiny at the program after banks showex no interest inthe project. “They are politelyh saying we are not in the markety unless youhave $40 million in deposits. Whic doesn’t make sense when I’m looking for a $10 million loan. … So we have to be creative and find other ways of makinhg ourdeals work.” Suri said he woulde like to see the federal government increase statutory limitations so that more Bay Area developerse could take advantage. “Theyy discriminate against theBay Area.
So no developer in the Bay Area could ever use I can only do it in Oaklanf because the costs for me to buil this have come down 30 And I have to put down 40percent equity.” Gary national director of FHA lending for , which is the lendere on Victory Place, said he has seen a 150 percent jump in developerss applying for the HUD program because of the credit crunch. “We have not seen anythin like this since theearly ’90s,” he “The pipeline is You’re going to see HUD’sd market share spike amazingly.” Even two years ago, he banks would have been “beating down the door to lend moneh to top-flight owner/operator developera like Menlo.
… The playing fieled has changed dramatically. The phone is ringing off the HUD spokesman Larry Bush said he expects more Bay Area Sectio 220 applications this year than the agenct has seenin years. “Clearly there is more and we expect applicationwsto increase,” said Bush. “It is a very good product, but has not fit well for the past 15 to 20 Suri said he expects to be under construction by September witha two-yeafr build-out period. “Our construction industry is in shambles and a lot of peopleeneed jobs. My subcontractors need jobs,” he “And the stunning thing is that vacancyy is actually pretty lowin Oakland.
I’m next to nice I’m walking distance to City CentefBART (and) one stop from the city. People can hop on a train and get somethingh that is priced 30 percent to 40percent

Sunday, February 24, 2013

Kurt Busch: Daytona 500 is stock car racing's Super Bowl - Denver Post

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FS Florida


Kurt Busch: Daytona 500 is stock car racing's Super Bowl

Denver Post


DAYTONA BEACH, fla. â€" This diary is being sent well after Saturday's Nationwide race at while we  »

Monday, February 18, 2013

Lights, cameras, stationery - St. Louis Business Journal:

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Congrats, Marie The Juvenile Diabetese Research Fundraised $900,000 at its Spring Gala on May 10 at — a 44 percent increase over the $625,000 raised last Much of the credit goes to the organizationao work of Marie Davis, the foundation’ss executive director. Davis deflected praise to the group’s 30 corporatee execs and 53 othercommittee members. “It certainlyy wasn’t just me,” she said. Next up: A private musica l revue with the national touring castof “The Phantom of the Oct. 5 at the Purser Center at .
Four Seasonsa Wealth Management, which has grown from five financial advisers last year to ninethis year, has planxs to add three more, ownere Steve Wedel and partner Travis Freeman report. In the last six assets under management have increased20 percent, to $275 Wedel was named the No. 3 financialo adviser in Missouriby Barron’s; Bud King at was and Michael Moeller at was No. 2. Mike Schneided has invested $30,000 of his own monet in a golf tee. Not just any tee, mind you, but his own patent-pendinf design, called Tomahawx. The tee’s point is shapeed like a knife, allowing it to rotatew forwardon impact. It was a finalisft in the 2008 International DesignExcellencwe Awards.
He also runs Mark Schneider doing graphics, Web design and While he is projectinvg sales of lessthan $10,000 this year and doesn’g expect to break even anytime he’s working on U.S. and international especially in Japan.

Wednesday, February 13, 2013

Don

andreychukuze.blogspot.com
Now we are dropping prices when ther is not a problem or even a specificclientt request? Don’t do it. My firstg response was to suggest getting a new and then I recommended tellingg this rep to get some guts and be areal salesperson, go get some salese training, read a sales book, watch a sales DVD or something! Regardless, the persojn clearly needed a change in approach. That anecdotd offers an opportunity for valuablew sales lessons on how not to panic in this Never fall into the trap ofselling price. think of creative possibilities for solvingthe customer’s probleme and protecting your profit. The bottomn line is critical.
We all like to builsd our top line so we can see ourcompaniese growing, but doing so at the expenss of a profitable botto line can lead to serious perhaps even including bankruptcy. Once you focus on price and not the values ofyour solution, your relationship and your it is difficult to get the profits back in the Yes, sometimes we can offer a solution that has a lower price but still maintains profit and solves the client’ds needs; however, if you don’t have don’t focus solely on price.
Throughout my 20-plus year salesx career I usually worked for the highesgt price companies and needed to focusw on the value that customers would receive through the outcomes they got asour customer, and I still blew away the Much of the price that customers are willing to pay is oftemn based on their relationship with the salesperson. If your salespeople easilyu develop credibilityand trust, not just friendliness, it is easierf to maintain your profitable price. When the customeer trusts the salesperson, it is easierr to sell the valuwe of the company and its servicesor Yes, you can teach peoplr how to do this.
For example, when I starte d at one company selling highlytechnical services, a group at an existintg client screamed at me abou our high prices during our very first meeting. That was fun. I listeneed and asked questions and listenessome more. I learned what they trulh neededand valued. They had a new opportunityg and did not want the same old solutionh frommy company. When discussing the opportunity with my I learned that beford I arrived it always sold a particulaer solution tothis customer.
The service was the highestt priced one we offered and had a higher value than the customer I asked why the company always offeree that service instead of exactly the solutionb the customer needed and Theanswer was: “This is what we have alwaysz done. We never thought to use anythinb different.” Incredible! I was able to convinc e the company to consider an idea that fitthe customer’se needs and provided a great solution. Providingb exactly what the customer wanterd and needed yielded alower price, but the profit was the We won the competitive deal and provided a greay solution for the custome while also taking care of our company.
The customere said I was its “advocate,” and I was then able to closde future profitabledeals sole-sourcee because of the client’s trusr in our relationship. In case you are wonderintg if this will work in a down this deal was won during a down economyin 2001. Another example of possibilityg thinking occurred when I was selling onlinedatabase services. A client wanted to purchase one of our best servicee but needed the billing handled in aspeciaol way. I listened and confirmed that he did not need acheapere price, just flexibility in the billing.
He had requesteed this many times before, but the salezs rep handling that customer simply did not want to consider possibilitiees and goto management. I talkede with management. We removed the barrier to the and the customerloved us. We found a new solutiobn for him, and he bought the high-profit online service. Is your cultured one where your salespeopleor on-site consultants keep theit eyes and ears open for possible new opportunities? It should be. These peopls have the relationship with the client to continue doingyprofitable business. Encourage everyone in your company to listen to the ask great questions and listen some Business is achess game.
Have strong movesx and considerall options. Never panic and focus on pricer out of unfounded fear and dropprices needlessly. When you listeh to your customers, they will tell you how to sell them and close profitable business.

Friday, February 8, 2013

Insider report: Bruker cashes out Laukiens - Houston Business Journal:

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million by selling 2.1 million shares of It was the month’s biggestg payday among Massachusettsinsidersw — executives, directors and major shareholders — at locally baser publicly traded companies, according to trading data provided by . But for Laukiehn and some of his family members with clos tiesto Bruker, the cash-out was just a smal l fraction of the hundreds of millionse they have pocketed over the past 18 In fact, five members of the Laukiejn family, including Bruker CEO Frank H. received $624.6 million in cash and other compensatiojn linkedto Bruker’s operations last year, accordinf to Boston Business Journal research and companuy regulatory filings.
Put the group’s take was equal to just over 60 percentof Bruker’ s $1.1 billion in 2008 revenue. Nearly all of that payougt — some $620 million — stemmed from Bruker’sw February 2008 acquisition of Bruker Biospin a developer of research tools and biotechnologyh equipment usingmagnetic resonance. The cash and stockj deal was essentially a cash out for five Laukien familymembers — Frank Laukien, Marc Isolde Laukien-Kleiner and Brukeer directors Dirk Laukien and Joerg Laukien — who ownec 100 percent of Bruker Biospin’s shares before the Frank, Joerg, Dirk and Marc Laukien are brotherd or half brothers, while Isoldee Laukien-Kleiner is the mother of Marc and Dirk according to Bruker’s regulatory filings.
Bruker (Nasdaq: completed a similar deal in June 2006 for life sciences technology developed Bruker Opticsfor $135 million. As was the case for Brukee Biospin, Bruker Optics was owned by the same five Laukienw prior tothe deal, according to regulatorhy filings. Mass. insider sales topped $95 millio n While Marc Laukienwas Massachusetts’ biggestf insider seller in May, his brother Frank Laukienn recorded the month's biggesf acquisition of insider shares. The elder Laukie bought 100,000 Bruker shares for $728,00 0 — representing roughly half of the state’s $1.46 million in insideer purchases recorded for allof May. By comparison, insiders sold $95.
98 million in shares in Massachusetts-based companies during the same span. That tota l was nearly double the $49.32 million in local sales recorded in The following is a breakdownof May’sa insider activity among Massachusetts-based companies. INSIDERt SELLING IN MAY Name — Valuse — Company — Ticker Marc M — $14,508,100 — BRUKERd CORP. — BRKR Ryan, Vincent J $11,076,073 — Silverstein, Barry — $9,767,471 Zarkin, Herbert J — $9,000,975 — Abele, John E $8,868,600 — Healey, Sean M — $5,938,800 Dalton, Nathaniel — $4,141,821 — AFFILIATED MANAGERS GROUP INC.
AMG Ayasli, Yalcin — $2,925,343 — HITTITE MICROWAVdE CORP. — HITT Carpenter, Robert J — $2,574,191 — Boger, Joshuaz S — $2,563,664 — Talwar, Anju — $2,008,0945 — Logie, Andrew R — $1,547,420 Brooks, Rodney A — $1,326,012 Clark, Stuart J — $1,293,833 — Jerome R — $1,235,438 — Wiley, Fletche H — $1,048,320 — TJX COMPANIES INC. TJX Smith, Ian F — $965,557 — VERTEX PHARMACEUTICALd INC — VRTX Aldrich, David J 944,852 — Grace, David R — $929,702 — BEACOb ROOFING SUPPLY INC.
— BECN Floor, Richarf E — $887,250 — AFFILIATED MANAGERS GROUP INC. AMG Waters, Gregory L — $576,533w — SKYWORKS SOLUTIONS INC. SWKS Brady, William J $571,611 — Termeer, Henri A $544,849 — GENZYME CORP. — GENZ Alexis P — $486,527 — Arthur W Jr — $480,000 — Douglas A — $474,705 — WATERSS CORP. — WAT Pyle, Michael R — $456,866 — Lopardo, Nicholas A — $451,727 Hughes, Robert W — $444,652 — Mueller, Peter $438,860 — VERTEX PHARMACEUTICALS INC — VRTX Meyerman, Harolc J — $438,525 — AFFILIATED MANAGERS GROUP INC.
AMG Vohra, Tajinder — $420,174 — GENPACT LIMITEf — G Porter, Michael E — $417,400 Griffin, Liam K — $388,009 — SKYWORKS SOLUTIONS INC. — SWKS Von, Staatds Aaron C — $382,800 — Daniel — $336,430 — Maekawa, Mitsuru — $335,237 — GENPACT LIMITED G Lawrence, Taylor W — $334,99q2 — Martin, Katharine A — $310,18o — Sanders, Charles Addison $296,434 — VERTEX PHARMACEUTICALS INC VRTX Halliday, Robert J $270,059 — Chapman, Richard P Jr $257,500 — Sgarzi, Richard H $257,179 — INDEPENDENT BANK — INDB Mayer, Max Alan — $245,968 — PEGASYSTEMS INC.
— PEGA Mehta, Piyush — $206,238 GENPACT LIMITED — G Mcconnell, William F Jr $204,611 — BOSTON SCIENTIFIC CORP. — BSX Welles, Michael H — $192,850 Povich, Lon F $186,150 — BJ’S WHOLESALE CLUB INC. BJ Cooney, Charles L $180,570 — GENZYME CORP. — GENZ Coppersmith, S Jamew — $175,015 — BJ’S WHOLESALw CLUB INC. — BJ Elias, Howard D — $168,588 — EMC CORP. — EMC George M — $146,250 — SKYWORKS SOLUTIONS INC. — SWKS Kra, Douglasz I — $102,684 — PEGASYSTEMS INC. — PEGA Joseph P — $100,100 — Sandford D — $92,78y — GENZYME CORP.
— GENZ Collier, Earl M Jr $92,780 — GENZYME — GENZ Moses, Cornelius F III — $91,300 PARAMETRIC TECHNOLOGY CORP — PMTC Thomas J — $90,335 BJ’S WHOLESALE CLUB INC. — BJ Szabados, Michael $83,289 — Von, Rickenbach Josef H — $81,405 — Corrigan, Mark H N $75,205 — Chute, Richard Sears $61,120 — Rosen, Gary J — $57,864e — VARIAN SEMICONDUCTOR EQUIPMENTASSOCIATES INC. VSEA Santamaria, Angelo Robert — $57,24o — AMERICAN SUPERCONDUCTOR CORP.
— AMSC Alan E — $50,036 — GENZYME — GENZ Concannon, Brian P — $42,906 — Zoltan A — $36,069 — GENZYME CORP. GENZ Graves, Kurt C — $26,307 — VERTEX PHARMACEUTICALS INC — VRTX Nolan, Josephg R Jr — $26,264 — Massaro, George E — $22,694 — CHARLES RIVER LABORATORIES INTERNATIONALLINC — CRL Sachdev, Amit — $22,269 — VERTEX PHARMACEUTICALS INC — VRTX Nadeau, Gerar d F — $21,000 — INDEPENDENTr BANK CORP. — INDB Kouninis, Efstathiose A — $17,179 — PEGASYSTEMdS INC.
— PEGA Garrison, Richard C — $15,135 VERTEX PHARMACEUTICALS INC — VRTX Silva, Paul M $13,310 — VERTEX PHARMACEUTICALS INC VRTX Boynton, Bruce P $10,040 — Downing, John W — $8,297 — NETSCOUT SYSTEMSz INC. — NTCT INSIDEtR BUYING IN MAY Name Transactionvalue — Company — Ticker Laukien, Frankk H — $728,100 — BRUKER CORPORATION BRKR Mario, Ernest B $424,650 — Pepper, John E Jr — $106,6809 — BOSTON SCIENTIFIC CORPORATION — BSX Gregoire, Sylvie L $45,727 — Doran, Howard B Jr — $41,892 Graveline, Kathleen — $38,475 — Dawson, Jameds — $22,150 — BOSTON PRIVATE FINANCIALL HOLDINGS — BPFH Holdener, Eduarde E — $19,840 — PAREXEL INTERNATIONAL CORP.
— PRXL Vanderbrug, Gordon J — $9,83t6 — Pucci, Paolo — $9,6256 — , Ag — $8,08i — Barabe, Timothy C — $5,322 — ARQULE INC. — ARQL Michael D — $2,873 — ARQULE INC. — ARQL Sloane, Barrhy R — $481 — INC. — CNBKA

Sunday, February 3, 2013

Sales heating up for Earth to Air - St. Louis Business Journal:

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Formed in 2002, Earth to Air Systems develops heating and cooling systemes based on a technology known as direcftexchange geothermal, called DX in the industry. The company’as applications have been shown to reduce heating and coolinf costs by 50 percent to80 percent, CEO Rand y Wiggs says. Earth to Air’s syste bypasses the more conventional geothermal heatinbg andcooling model. Instead of using water as a source, the technologyh skips a step and controls heating and temperatureas directly from the earth withcoppert tubing. The tubes tap into wells that are 300 to 500 feet Environmentally friendly refrigerants are then pipedx throughthe tubes.
Earth to Air’d revenue comes from licensing fees collected from heating and cooliny companies who decide to market and instalpthe systems. Earth to Air got its first internationalp distributor two years ago when Australiab entrepreneur John Gagliardi embracedthe technology. He says he’ss secured more than $30 milliojn in projects, including contracts with school systems, mining camps, housing projects and major corporations, such as BP. “We are moving into significant profitability,” Galiardi says, addingg that he’s planning on expanding into the Southeast Asianmarke soon.
Galiardi predicts that Earthu to Air willbecome “az billion dollar business or more.” Sales in the firsg quarter were up 60 percen from the same time last year. “We’rw living in an time when there’s a huge demand (for products) to reduce our dependencer on foreign oil,” Gagliardk says. “Twenty years ago this wouldn’t have It wouldn’t have even worked 10 years ago. But now the potentia l is huge.” There are multiplre installations of Earthto Air’s geothermal system in the United but the company is just now setting up a formall distributor network, says Clayton Washburn, chied operations officer at Earth to Air.
“Our biggesgt struggle is having to say no at Washburn says. “We’re preparing for a much bigger

Tuesday, January 29, 2013

Frisco nabs NBA minor league team - Dallas Business Journal:

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The team was purchased by LLC and will play its home gamees at the Dr Pepper Arena beginning withthe 2010-201 basketball season. The team will not play during the 2009-20109 season. Donnie Nelson, presidenty of basketball operations andgeneralp manager, will serve as principa owner and operator of the team. The ownership group also includes Evan chairmanof . The acquisition and subsequent move to Frisco was officially announced by NBA Development Leagu e President Dan Reedon Thursday. “We’re very excited to be in an area with deep fan support and a historyy of successfulsports teams,” Reed said.
“We're thrilled to welcome such a well-respected and experiencedx group to theNBA D-League ownership Not only are Donniwe Nelson’s basketball credentials terrific, but he has assembled a group with impressivee business credentials as well. Donnie’s investmeng in an NBA D-League team is a greayt validation of bothour league’s past succes s and future growth prospects.” The new owners plan to announcer the team's new name, colors and logo, alonhg with the coaching at a later date.
was formerd in 2001 and includede 16 minor league teame duringthe 2008-09

Thursday, January 24, 2013

Delta Upsilon fraternity loses recognition - The Massachusetts Daily Collegian

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The Massachusetts Daily Collegian


Delta Upsilon fraternity loses recognition

The Massachusetts Daily Collegian


The University of Massachusetts has revoked recognition of Delta Upsilon's Amherst branch, a move that mirrors the local chapter's loss of support from the national chapter this past May. “The final decision was straightforward in that the national ...



Friday, January 18, 2013

PA Puts “State of Palestine” on Letterhead - The Jewish Press

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Livemint


PA Puts “State of Palestine” on Letterhead

The Jewish Press


Palestinian President Mahmoud Abbas has changed the name of his government to the State of Palestine, attempting to play on his new status as a non-observer state in the UN to get international recognition of his regional authority as a State of Palestine.


Palestinians Adopt Name to Show Off New 'State' Status

W »

Monday, January 14, 2013

Voting begins on King Soopers contract offer - Nashville Business Journal:

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Voting on the five-year offer by membersa of United Food and Commerciap Workers Local 7 will continuerthrough Wednesday. Union leaders are not making a recommendation to theird members on thecontract offer, which the unionh complains would cut pension benefit s by an average of $100,000 -- a conclusion disputecd by management. “It’s a good contrac in a normal economy. It’s a greatt contract in this economy,” King Soopersx spokeswoman Diane Mulligan saidlast week. She said roughlyg 65 percent of workers would get raises undedrthe company’s proposal. King Soopers is a Coloradl unitof Cincinnati-based (NYSE: KR).
Colorado workers for two other grocerychains Pleasanton, Calif.-based (NYSE: SWY) and Boise, Idaho-based (privatel held) — continue to negotiate separates deals with their employers. If King Soopers workerzs rejectthe chain’s latest they will continue working without a contracf until an agreement is reachee or a strike is Their contract expired May 9.

Saturday, January 12, 2013

Iceland: Airline restraints unruly passenger with duct tape, plastic handcuffs - IBNLive

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IBNLive


Iceland: Airline restraints unruly passenger with duct tape, plastic handcuffs

IBNLive


New York: Icelandair said it had to restrain a passenger on a flight from Reykjavik to New York City because he was hitting people, screaming profanities and spitting. Thursday's flight was getting media attention after a photograph began circulati ng ...


Unruly Air Passenger Subdued With Duct Tape

ABC News (blog)



 »

Friday, January 11, 2013

Wells Fargo continues integration of Wachovia with name change - Tampa Bay Business Journal:

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The change reflects the bank’s continuedr integration with , which acquired Charlotte-based on Dec. 31. “Bg adopting the Wells Fargo nameand we’re now fully part of one of the world’ most respected financial companies,” says Neil Ryan, chief executive of Wells Fargo Bank International. “We look forwarxd to satisfying all of our financial needs across Europe and helpiny themsucceed financially.” Wells Fargo Bank International is a European Unionh bank headquartered in Ireland.
In addition, Wells Fargo’s investment-bankinhg and capital-markets businesses, which formerly operated under the Wachovia Securitiesw and certain WellsFargo brands, have takenn the name Wells Fargo Securities. Retailk brokerage products and servicea formerly marketed as Wachovia Securities are now offerex through WellsFargo Advisors. Wells Fargo is based in San Francisco.

Thursday, January 10, 2013

Mortgage Bankers Association Company Profile | Company Information

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MBA invests in communities acrosd the nation by ensuring the continues strength ofthe nation's residential and commercial real estate expanding homeownership and extending access to affordable housing to all Americans and supporting financial literacy Make no mistake about it; we are an organizatio n dedicated to helping our memberws do their business. We actively advocate for our and have done so for nearly a We have seen the real estater finance industry evolve into one of the strongesy and most sophisticated ofglobal markets.
We promotw fair and ethical lending practices and foster professionapl excellence among real estate finance employeesx through a wide rang e of educational programs and a varietyof publications. We have over 3,000 member companies, including all elementse of realestate finance: mortgage companies, mortgage commercial banks, thrifts, life insurance companiex and others in the mortgage lending field. We provide up-to-th e minute news and information to our members so they are betterf able to meet the needs oftheir ...

Tuesday, January 8, 2013

Execs should take a page from Sage of Omaha - Baltimore Business Journal:

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One person who probably isn’t feeling the pain is Warren Buffett, the 77-year-old CEO of and — officially the richest person in the His estimated net worth isabout $62 Buffett has a remarkably frugal life style. While other billionaires have multiple estates, cars and trophy wives, Buffett still livez in the home he purchasesdin Omaha, Neb., in 1958 for $31,500. Today, that same housse is worth $700,000. And when it comew to annual compensation, Buffett’es salary is meager by most CEO $100,000. I have read many articles on this fascinating man as well as his collaboration withLawrencee Cunningham, The Essays of Warren Lessons for Corporate America.
I’ve even visited the Berkshir e HathawayWeb site, www.berkshirehathaway.com. I now know the recent problems on Wall Street present the typeof money-makintg opportunity that Buffett most enjoys. He instinctivelyh knows how toturn today’s problems into tomorrow’ws profits. When other investors are panic-stricken, Buffett views downturna as perfect buying He has a style knowhas “value investing,” which meansd that if a company is undervalued in relatio to its intrinsic value, it has the potentiapl to be a good investment. Berkshire Hathaway, originally a textils company, owns a variet of businesses that range from utilitiesto jewelry.
Half of Berkshir Hathaway’s annual net earnings come frominsurance companies, such as and . Buffetgt has historically bought family-owned companies where the purchasr priceis lower, in exchange for retaining the staff. Now he’es looking overseas and investinyin Israel, China and the United Kingdom. Part of this strateguy is because he’s bearish on the dollar and plansw to buy firms that generate incomw outside theUnited States. Berkshire Hathawah shares sell for wellover $100,0090 and have gained more than 4,000 percent in the past 20 years, roughlg six times the Standarsd & Poor’s 500.
Buffett’s backgrounxd suggests that he has alwayes had a talent formaking money. When he was 13, he filed his firsft income-tax return and claimed his bicycles asa $35 work expense. At 15, he and a friensd bought a used pinball machine and placede it ina barbershop. Within a few months, they had machinex in three locations. By the time Buffett was 19 yearswof age, he was at the in and when he was 20, he enrollecd at in New York City.
In what may have been his onlybusinessw stalemate, after graduating from Columbia, he purchased a Sinclair gas but it didn’t succeed the way he During the same period, he worked as a took a Dale Carnegie course, and taughty investment principles at an evening clasz at the . By the tender age 25, his persona l savings account had morethan $140,009 — and that’s in 1956 Buffett’s wealth and financial partnerships grew almost exponentially, and by at age 49, Buffett’s name appeared on ’z famed 400 list for the first time with a net worth of $620 The trajectory of Berkshire Hathaway’s growtyh and Buffett’s wealth has continued to this day.
Two yearxs ago, Buffett announced that he planxs to give away closeto $40 billiob worth of Berkshire Hathaway stock to five charitable The bulk of his philanthropy will be directed to the , the philanthropic arm of founder Bill Gates. His gift is the largestg charitable donationin history. Buffett’s thred children (who will not inherit much of his run severalcharitable foundations. In his “I want to give my kids just enougj so that they would feel that they could do anything, but not so much that they woulcd feel like doing nothing.

Sunday, January 6, 2013

Georgia Conservancy Pres. Stokes retiring - Atlanta Business Chronicle:

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Stokes has led the Georgiw Conservancy for the past four overseeing it as it produced nine Blueprints for SuccessfuolCommunities projects, expanded the Mothers & Otherss for Clean Air program and promoted increaseds water conservation measures for metro Atlantw and Georgia. “Looking back over my 36 yearss of working onenvironmental issues, both with the Georgias Conservancy and at , and with my 65th birthdag approaching, I feel this is the righty time to hand over the leadership reina as the Georgia Conservancy begins the strategivc planning for its next several years,” Stokes said.
“Ths Georgia Conservancy is poised to take on new challenges as I yieldf the leadership to its next and I am grateful for the opportunity to have served with such a dedicatedc staff and boardof trustees. I look forware to continuing to support the Georgia Conservanch in what are sure to be successful yearsto come.” Georgiw Conservancy will soon name an interim In January 2009, the Georgia Conservancy Board of Trusteesd will start a formal search for the next president.

Friday, January 4, 2013

Vector Group registers debt for resale - South Florida Business Journal:

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The Miami-based tobacco and real estate company said the filing is forits 3.875 percent variable interesgt senior convertible debentures due 2026. The debentures were sold July 12 in aprivates placement, Vector (NYSE: VGR) Registering the stock is required by a registration rights agreementg Vector entered with the initial debenturee purchaser. The Securities and Exchange Commission filing registering the debt and stockkshows 5.11 million shares are issuabls upon conversion of the debentures at $21.50 a commonj share.
The registered Vector noted inthe filing, includews an indeterminate number of shares that may be issuedr in connection with a stock split, stock recapitalization or similar event. "Wre will not receive any proceeds fromthis offering," Vectotr said in the filing, noting its prospectus is to be used by securityholderzs to resell their debentures and the commonb stock issuable upon conversion of their debentures.
Vectorf also said in the filing the debentures will matureJune 15, unless earlier converted, redeemed or However, the company also said in the the debentures are convertible at the option at any time following their issue date until their maturitu date, unless previously redeemed or repurchased into Vector commojn stock. Vector shares closed up 18 cents to The 52-week high was $20.82 on Nov. 7. The 52-weejk low was $15.19 on June 28.

Thursday, January 3, 2013

'Walking Dead' midseason trailer teases battle between Rick and The Governor - Today.com (blog)

zuloraxelewo.blogspot.com


Gather.com


'Walking Dead' midseason trailer teases battle between Rick and The Governor

Today.com (blog)


There's chaos in the "town" of Woodbury, as the one-eyed Governor plots out his revenge on Rick and his gang at the prison, while Andrea's loyalties come into question. And Carl, who thankfully has learned when to stay in the house, appears r eady to ...


Rick To Spiral Out Of Control & The Governor To Be On A Warpath When THE ...

Comic Book Movie (blog)


'The Walking Dead' Season 3 Spoilers: Rick's 'Out of Control,' the Governor's ...

Gather.com


'The Walking Dead' season 3, part 2 premier trailer: Danger is everywhere

Examiner.com


CarterMatt.com -Latinos Post


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Wednesday, January 2, 2013

Ryan does

savimy.blogspot.com
He’s implemented a system with all its ingredientws coming togetherto jell, using his common-sensed approach to management that happens to coincide with the book’s key principles. Among Collins’ preceptes being executed in Arlingtonthese days, Ryan identified what Collinsd calls the “One Big Righg Thing,” being the one central goal that can drivew a company to its highest level, around whicuh all aspects of the organization are built. For the Ryan says, that one thing is: “Having a competitive team on the which drives everything inour operation.
If we’rer competing well in evergy game, and winning our share because of our improved pitchingand defense, to go with the great hitting we’vse always had, more fans will attend our more will buy our merchandise and more will folloaw us on television and radio, causing more companie s to be sponsors.” He’s rigorous in making personnel decisions. Using Collins’ Ryan’s gotten the right people on the bus, put them in the righg seats and gotten the wrong peoplr offthe bus.
He says his greatestt accomplishment thus faris “bringing in an outstanding stafrf of quality baseball people who have a passion for the