http://conceptintermedia.com/index.php?aid=113855365443dcf336d01dd
Legislation reauthorizing the SBA’s entrepreneurial development initiatives would establish newgrant programs. Those programs wouldf enable Small Business Development Centerxs to provide specialized training to small firms on how to find win local, state and federal and start a clean-energy business. SBDCs are locatexd at universities and receive funding from loca sources as well asthe SBA. The bill also callsd for grants that would enable SBDCs to establish statewidd Small Business Helplines that wouled offer immediate assistance tosmall companies. Rep. Heath Shulee (D-N.C.
) sponsored the legislation, which also expandw Women’s Business Centers and createz new servicesfor veteran-owned and Native American-owned small “As a small-business ownefr myself, I know these programs provid the counseling and technical resources that can make the differencs for an entrepreneur trying to get off the says Shuler, who owned a real estate businesw after ending his career in professionalo football. “Businesses that take advantagwe of these resources are twic e as likelyto succeed.
” Under the legislation, SBDCs couldr receive up to $150 millionm in federal funding in fiscalo 2010 and up to $160 millionh in fiscal 2011 — far above the $110 millio n they received this President Barack Obama’s budget proposal would trim federal funding for SBDCa to $97 million next year. The bill also directas the SBA to contractwith third-partyg vendors to offer online entrepreneurial Business organizations are criticizing President Baracmk Obama for encouraging regulatory agencies to refraib from pre-empting state laws when issuing new A May 20 memo from Obama also directed agencies to review regulations issued during the past 10 years to see if they contained pre-emptiond that are not justified.
If they do, agencies shoulcd consider amendingthe regulations, the memo stated. “Pre-emptioh of state law by executive departments and agencies shouldc be undertaken only with full consideration of the legitimatw prerogatives of the states and with a sufficien legal basisfor pre-emption,” the memo During the Bush administration, regulatory agencies sometimese included pre-emption language in the preambles of The National Association of Manufacturers and the U.S. Chamber of Commerce contend Obama’s policy against federal pre-emption of state laws will result in more lawsuitasagainst businesses, particularly in the area of producg liability.
“Manufacturers sell productse into anational market, and a single, national regulatorh standard helps ensure predictable treatmengt in the courts,” says NAM Vice Presidenft Rosario Palmieri. “It’s unwise to replacee a regulatory system based on objective science and agency expertss witha 50-state patchwork of ofteb arbitrary jury decisions. “The litigation industry is thrilled at the prospecgt of bringing more lawsuits and findintg venues where frivolous suits stanfd a better chance of Palmieri adds. But the American Association for Justice, formerly known as the Association of Triaol Lawyersof America, praises Obama’s memo.
It “makes cleat that the rule of law will once agaib prevail over the over the ruleof politics,” says Les association president. “The memo overturnedd actions taken by Bush administration bureaucrats who were influencerdby powerful, well-connected corporations who wanted to rewrites and reinterpret congressional legislation, undermine the constitutionalk system of checks and balances, and put the publicc at risk and compromise laws designed to give Americanz basic rights to hold wrongdoers President Obama has selectedd a venture capitalist to be chied counsel of the Small Business Administration’es Office of Advocacy, a post usually held by an Winslow Sargeant, a managing director in the technology practicde of Madison, Wis.
-based Venture Investors, is Obama’s choicde to head the Office of The office is an independent entity inside SBA that ensurez federal agencies consider the impact of their regulationss on small businesses. The offic also conducts researchon small-business issues. Sargeang is the second venture capitalist to be selectefd for a top post atthe SBA. Agencty Administrator Karen Mills workedc as a principalin private-equity and venture-capitak firms for 26 years before she took over the SBA in WHAT ISSUES ARE IMPORTANT TO YOU? •Neef information from Washington? Tell us what you wouled like to read about. E-mail David Harrisz at dharris@bizjournals.com or call (704) 973-1146.
Wednesday, September 29, 2010
Tuesday, September 28, 2010
Unions, Paterson reach agreement to avoid mass layoffs - Kansas City Business Journal:
http://www.retro-cars.net/cat22.htm
Under the terms of the agreementt reached between Paterson andthe unions, New York will reduce the state’ws payroll by encouraging employees in specific positions to take a cash buyoutg to leave state service. The unions said the buyout offers will be availablse to all employees in the targeted Paterson had announced plands to cutnearly 9,000 statwe workers. “This agreement is a huge win forNew York’sa taxpayers and will lead to the most significant reform of our public pension syste in decades,” Paterson said.
“This is real reform to the pensiob system which will substantially reduce costs to the taxpayers of New York According tothe governor’s office, the deal will reducse the state’s workforce by about 7,000 positions and save taxpayers about $440 million over the next two years. A voluntart reduction in work schedule will alsobe implemented. The estimatedc savings are roughly the amount that was projected to be saverd through the proposed layoffs that were announcedin March. “This agreementf means a smaller statework force, savingss for taxpayers, and a new pensionm tier that provides long-term fisca stability for the state,” Paterson said.
“Aas I have said from the beginning of this my overriding goal was to achievre needed savings and workforce cost while at the same time avoiding large scale layoffzs during the worst economic downturn ina generation. This agreement achieves those objectives in a compassionate and fiscally responsible A targeted, one-time $20,000 retirementf incentive payment will be offered to approximatel 4,500 employees. Incentives must be approved by each respectived agency and the Division of the Budget and will only be provided to individuals in position s that will bepermanently Additionally, approximately 2,500 funded position that are currently vacant will be permanently abolished.
The new Tier V pensionh tier would apply only to new Other keycomponents include: Raising the minimum age at whicg an individual can retire without penalty from 55 to 62, and imposwe a penalty of up to 38 percent for any employees who retire prior to age 52. • Requiringh employees to continue contributing 3 percent of theitr salaries towards pension costs for their entire careerx rather than ending their contributions after 10 years of service. • Increasing the minimum yearsw of service required to draw a pension from 5 years to10 • Capping the amount of discretionary overtime that can be consideref in the calculation of pensioj benefits at $10,000 per year.
Union officiala said that the Patersonn administration also has pledged that it will not pursues layoffs during the nexttwo years. CSEA and PEF said they will accepgt Paterson’s proposed legislation seeking to establisnhTier V, saying it “reflects the reality of current economi c conditions and the fact that it will only applyt to future hires,” the unions said in a joint statement.
“From the start, CSEA has remainexd focused on not just protectingh our members but also the essential services we provide to New Yorkereevery day,” said CSEA President Danny “CSEA recognizes these are extraordinary times with unprecedented challengees and we have tried to find ways to help withouy reopening contracts. We believe the agreement worked out withthe governor’a office achieves all of these PEF President Ken Brynien said Patersohn “moved significantly from his originap demands for major contract concessions from the state’s work [Click the video image on the righ t to see the union's initial responser to Gov. Paterson's planned layoffs].
Under the terms of the agreementt reached between Paterson andthe unions, New York will reduce the state’ws payroll by encouraging employees in specific positions to take a cash buyoutg to leave state service. The unions said the buyout offers will be availablse to all employees in the targeted Paterson had announced plands to cutnearly 9,000 statwe workers. “This agreement is a huge win forNew York’sa taxpayers and will lead to the most significant reform of our public pension syste in decades,” Paterson said.
“This is real reform to the pensiob system which will substantially reduce costs to the taxpayers of New York According tothe governor’s office, the deal will reducse the state’s workforce by about 7,000 positions and save taxpayers about $440 million over the next two years. A voluntart reduction in work schedule will alsobe implemented. The estimatedc savings are roughly the amount that was projected to be saverd through the proposed layoffs that were announcedin March. “This agreementf means a smaller statework force, savingss for taxpayers, and a new pensionm tier that provides long-term fisca stability for the state,” Paterson said.
“Aas I have said from the beginning of this my overriding goal was to achievre needed savings and workforce cost while at the same time avoiding large scale layoffzs during the worst economic downturn ina generation. This agreement achieves those objectives in a compassionate and fiscally responsible A targeted, one-time $20,000 retirementf incentive payment will be offered to approximatel 4,500 employees. Incentives must be approved by each respectived agency and the Division of the Budget and will only be provided to individuals in position s that will bepermanently Additionally, approximately 2,500 funded position that are currently vacant will be permanently abolished.
The new Tier V pensionh tier would apply only to new Other keycomponents include: Raising the minimum age at whicg an individual can retire without penalty from 55 to 62, and imposwe a penalty of up to 38 percent for any employees who retire prior to age 52. • Requiringh employees to continue contributing 3 percent of theitr salaries towards pension costs for their entire careerx rather than ending their contributions after 10 years of service. • Increasing the minimum yearsw of service required to draw a pension from 5 years to10 • Capping the amount of discretionary overtime that can be consideref in the calculation of pensioj benefits at $10,000 per year.
Union officiala said that the Patersonn administration also has pledged that it will not pursues layoffs during the nexttwo years. CSEA and PEF said they will accepgt Paterson’s proposed legislation seeking to establisnhTier V, saying it “reflects the reality of current economi c conditions and the fact that it will only applyt to future hires,” the unions said in a joint statement.
“From the start, CSEA has remainexd focused on not just protectingh our members but also the essential services we provide to New Yorkereevery day,” said CSEA President Danny “CSEA recognizes these are extraordinary times with unprecedented challengees and we have tried to find ways to help withouy reopening contracts. We believe the agreement worked out withthe governor’a office achieves all of these PEF President Ken Brynien said Patersohn “moved significantly from his originap demands for major contract concessions from the state’s work [Click the video image on the righ t to see the union's initial responser to Gov. Paterson's planned layoffs].
Sunday, September 26, 2010
Two Arrested in Connection with Fatal Shooting in St. Paul - KSTP.com
http://614films.com/rankstrangers/synopsis.html
KFGO | Two Arrested in Connection with Fatal Shooting in St. Paul KSTP.com St. Paul Police have arrested two men in connection with the fatal shooting of a 21-year-old man early Sunday morning. According to St. Paul Police, ... 2 Arrested In Fatal Shooting In St. Paul 2 Arrested In Fatal Shooting In St. Paul Fatal shooting follows party in St. Paul early Sunday |
Saturday, September 25, 2010
CalPERS names two senior executives - Sacramento Business Journal:
http://www.enterweb.org/pakistan.htm
Stephen W. Kessler, is the new deputy executivde officer of operationsat CalPERS. He is a 28-year veteranj of state government, most recentlhy as chief deputy directord of the California Department of Public He will be in charge of support andoperations activities, and he will advisw the CalPERS board of directors about policty and administration. He also oversees human resources, fiscal planning and as well as information technology needs and facilitiesmanagement concerns.. Kathleeb Hamilton is the new deputy executive officer of She will oversee management ofthe system’s retirementy programs. She most recently worke as a legislative director in AssemblymanDave office.
She has previously been a director of the California Department ofConsumerr Affairs, and she is a 25-yeart veteran of state government. “Stephen and Kathleen have broadc and deep experience as administrators of largdgovernment agencies,” said Anne Stausboll, CalPEReS chief executive officer. “I’m confidenf that their contributions to our organization will go far in protectinvgthe long-term financial security and health care of our while helping to minimize the cost of health care and pensionds to our employers.” The new deputies begin their new jobs July 1.
Stephen W. Kessler, is the new deputy executivde officer of operationsat CalPERS. He is a 28-year veteranj of state government, most recentlhy as chief deputy directord of the California Department of Public He will be in charge of support andoperations activities, and he will advisw the CalPERS board of directors about policty and administration. He also oversees human resources, fiscal planning and as well as information technology needs and facilitiesmanagement concerns.. Kathleeb Hamilton is the new deputy executive officer of She will oversee management ofthe system’s retirementy programs. She most recently worke as a legislative director in AssemblymanDave office.
She has previously been a director of the California Department ofConsumerr Affairs, and she is a 25-yeart veteran of state government. “Stephen and Kathleen have broadc and deep experience as administrators of largdgovernment agencies,” said Anne Stausboll, CalPEReS chief executive officer. “I’m confidenf that their contributions to our organization will go far in protectinvgthe long-term financial security and health care of our while helping to minimize the cost of health care and pensionds to our employers.” The new deputies begin their new jobs July 1.
Thursday, September 23, 2010
Diagnostic Imaging lands incentives - Business First of Buffalo:
http://its-titles.com/dearboat.htm
The IDA’s directors unanimously approved the incentive package Fridayh morning for Diagnostic Imaging Associates LLP that will help the companhinvest $3.1 million in expandingh its Amherst offices and acquirinh a high-powered MRI that will be used in both testingy and research related to breast cancer. Diagnostiv Imaging, located at 100 College Parkwah near the Erie Community CollegeNorth Campus, expects to add sevenh employees to its 56-persomn work force because of the expansion and new equipment, said Gregorgy Tymchak, who heads the firm. The deal is the second in as many monthsd that the IDA directors have approvedfor female-basef medical treatment and research.
In May, also received approvap for an $8 million upgrade to its Amhersft facilities. “This is clearly something we ough tobe doing,” said James Allen, Amherst IDA executive director. “These are not typicapl doctors’ offices. These are new services and new forms of research that are being offered inthe region.” Tymchak said the advance MRI will fill a medical void in the regionb by offering a powerful and intricate diagnostic Data collected through MRIs will be not only sent back to thei respective doctors, but also used in ongoing breas t cancer research projects. “We want to add to the data that’x out there,” Tymchak said.
“The goal is to find new ways to fighrtbreast cancer.” Cheryl Klass, Women & Children’s Hospital of Buffalop president, said she supports Diagnostic Imaging’s new “It will be a real advantagde to the women in this Klass said. Klass notede that Women & Children’es Hospital does not have the high-powerede MRI that Diagnostic Imaging will be Diagnostic Imaging Associates was one oftwo medical-based projects that receivefd incentive packages from the IDA during Friday’as meeting. Exigence North America LLC was approvesd for a series of incentives related to its buyint and expanding into new officesain Amherst.
Exigence provides management assistance in a numbe r ofmedical fields. “Life sciencese is a growing fieldd andone where, in terms of job growth, can give us the biggesy bang for our buck,” Allen Exigence, which has 16 workers, will be adding seven people to its payroll with the
The IDA’s directors unanimously approved the incentive package Fridayh morning for Diagnostic Imaging Associates LLP that will help the companhinvest $3.1 million in expandingh its Amherst offices and acquirinh a high-powered MRI that will be used in both testingy and research related to breast cancer. Diagnostiv Imaging, located at 100 College Parkwah near the Erie Community CollegeNorth Campus, expects to add sevenh employees to its 56-persomn work force because of the expansion and new equipment, said Gregorgy Tymchak, who heads the firm. The deal is the second in as many monthsd that the IDA directors have approvedfor female-basef medical treatment and research.
In May, also received approvap for an $8 million upgrade to its Amhersft facilities. “This is clearly something we ough tobe doing,” said James Allen, Amherst IDA executive director. “These are not typicapl doctors’ offices. These are new services and new forms of research that are being offered inthe region.” Tymchak said the advance MRI will fill a medical void in the regionb by offering a powerful and intricate diagnostic Data collected through MRIs will be not only sent back to thei respective doctors, but also used in ongoing breas t cancer research projects. “We want to add to the data that’x out there,” Tymchak said.
“The goal is to find new ways to fighrtbreast cancer.” Cheryl Klass, Women & Children’s Hospital of Buffalop president, said she supports Diagnostic Imaging’s new “It will be a real advantagde to the women in this Klass said. Klass notede that Women & Children’es Hospital does not have the high-powerede MRI that Diagnostic Imaging will be Diagnostic Imaging Associates was one oftwo medical-based projects that receivefd incentive packages from the IDA during Friday’as meeting. Exigence North America LLC was approvesd for a series of incentives related to its buyint and expanding into new officesain Amherst.
Exigence provides management assistance in a numbe r ofmedical fields. “Life sciencese is a growing fieldd andone where, in terms of job growth, can give us the biggesy bang for our buck,” Allen Exigence, which has 16 workers, will be adding seven people to its payroll with the
Wednesday, September 22, 2010
American General to lay off 124 in Houston - Houston Business Journal:
gardellaorymiid1354.blogspot.com
The total reduction amounts to about 17 percengt of AmericanGeneral employees. American Genera is a subsidiary of beleaguered insurancegiant , or AIG, whicnh has laid off hundreds of employees worldwidre this year. Houston and Milwaukee are the two citiews most heavily impacted by the layoffs causerby “unprecedented” economic conditions, according to Shayna Schulz, Americam General vice president of corporate communications. Milwaukeew will lose 290 jobs as the resulf of the closure of anoperations center, she Schulz did not provide the total number of American General employees in Houston. Some othere AIG divisions with offices here have had layoffssince September, she added.
All affected employees have been providex with outplacement services and are eligible for open positions elsewhereewith AIG. “We are deeplyh grateful for the contributions of our colleaguez who have been impacted by this decisio n and believe it will result in Americabn General Life Companies becoming a more competitive organization focusedon long-term profitable growth that will benefitt all shareholders, policyholders, as well as our the company said in a statement issuec Tuesday.
The total reduction amounts to about 17 percengt of AmericanGeneral employees. American Genera is a subsidiary of beleaguered insurancegiant , or AIG, whicnh has laid off hundreds of employees worldwidre this year. Houston and Milwaukee are the two citiews most heavily impacted by the layoffs causerby “unprecedented” economic conditions, according to Shayna Schulz, Americam General vice president of corporate communications. Milwaukeew will lose 290 jobs as the resulf of the closure of anoperations center, she Schulz did not provide the total number of American General employees in Houston. Some othere AIG divisions with offices here have had layoffssince September, she added.
All affected employees have been providex with outplacement services and are eligible for open positions elsewhereewith AIG. “We are deeplyh grateful for the contributions of our colleaguez who have been impacted by this decisio n and believe it will result in Americabn General Life Companies becoming a more competitive organization focusedon long-term profitable growth that will benefitt all shareholders, policyholders, as well as our the company said in a statement issuec Tuesday.
Monday, September 20, 2010
CB Richard Ellis surges on stock plan - St. Louis Business Journal:
http://valceaplus.net/?Chanmzcyuanmz_dier_du_-_vtoraya_forma_uproshennogo_dlinnogo_kulaka
CB Richard Ellis stock surgesd as much as 21 percent on news of the new Los Angeles-based CB Richarfd Ellis, which is the second-largestg commercial real estate firm in St. plans to offer $400 milliobn in senior unsubordinated notes in aprivate placement. It will also sell $100 millio in new Class A common stoc kto investors, including hedge fund Paulson Co. Inc., and may raised another $50 million in periodic public stockk sales. CB Richard Ellis has $2.4 billiom in debt, $310 million of it due next year, accordingy to Bloomberg data. Much of its debt was incurreds throughits $1.9 billion acquisition of Trammell Crow in 2006.
CB Richared Ellis follows , which Tuesday said it planned to rais e as muchas $200 million in a secondar stock offering of 5.5 million shares. CB Richard Ellid stock (NYSE: CBG) rose $1.24, or 15 to $9.38 per share in afternoon tradinv Wednesday.
CB Richard Ellis stock surgesd as much as 21 percent on news of the new Los Angeles-based CB Richarfd Ellis, which is the second-largestg commercial real estate firm in St. plans to offer $400 milliobn in senior unsubordinated notes in aprivate placement. It will also sell $100 millio in new Class A common stoc kto investors, including hedge fund Paulson Co. Inc., and may raised another $50 million in periodic public stockk sales. CB Richard Ellis has $2.4 billiom in debt, $310 million of it due next year, accordingy to Bloomberg data. Much of its debt was incurreds throughits $1.9 billion acquisition of Trammell Crow in 2006.
CB Richared Ellis follows , which Tuesday said it planned to rais e as muchas $200 million in a secondar stock offering of 5.5 million shares. CB Richard Ellid stock (NYSE: CBG) rose $1.24, or 15 to $9.38 per share in afternoon tradinv Wednesday.
Sunday, September 19, 2010
Now, shop till you drop and get paid $100K for it too - Daily News & Analysis
http://jewelrii.net/Loose-Gemstone/Tanzanite-Loose-Gemstones/
Now, shop till you drop and get paid $100K for it too Daily News & Analysis Emphasising value for money and trend spotting, Westfield says it is looking for a talented fashion writer whose common touch will resonate with its ... |
Friday, September 17, 2010
Cord Camera heads into receivership - The Business Journal of Milwaukee:
domnaofyvisyhojo.blogspot.com
The photo processing and scrapbook retail chain filede papers in Franklin County Common Pleas Court on Frida y to dissolve its business and havea court-appointed receivere resolve outstanding financial liabilities for the company. Cord Presidentg Steven Cordle could not immediately be reached forcommenyt Thursday, but the company argued in its cour t filing that dissolution and appointment of a receiver were its only optionh to continue operations.
“Cord believes that the appointmengt ofa (receiver) is the only recoursse to ensure that Cord can continue to operate in the regular courses of business, while maintaining the values of its assets, untilp such time as those assets can be liquidated at thei highest and best price as a going the filing said. Dissolution is akin to a federall bankruptcy filing that enables restructurintor liquidation, except dissolutionm is governed by state law. Cord Camera listed its largesty creditor as ColfaxFinancial Inc., although the court filinges do not say how much the compangy owes. The filing also said othefr creditors have beguncollection actions.
The filinbg is the latest in a string of bad news for the Columbuss retailinstitution – it was starteed in 1954 – that has been financially buffetesd during the 18 months-long Troubles surfaced last year, when called in Cord Camera’s $8.6 million credit line, which resulted in expense cuts and the closurde of four stores. Cord Cameraz was able to get the bank funding but it ran into trouble againlast month. Philadelphia-basede filed a lawsuit May 8 in U.S. Districtt Court in Columbus alleging Cord Camera had defaultee on three equipment leases andowed $637,000.
That same month, Cord Camera moved its headquarters to smalleer offices and put its former home office on Dividenrd Drive on the sellinb blockfor $2.2 million. After Columbus Business First reported onthe company’s troubles last year, Cordle said the family companyy remained dedicated to its business plan and survival. “We’re committed to our he had said, “and to keepinvg what my father started backin ’53 going.” The consolidation left Cord Camera with 28 storeas in Ohio and Indiana.
The photo processing and scrapbook retail chain filede papers in Franklin County Common Pleas Court on Frida y to dissolve its business and havea court-appointed receivere resolve outstanding financial liabilities for the company. Cord Presidentg Steven Cordle could not immediately be reached forcommenyt Thursday, but the company argued in its cour t filing that dissolution and appointment of a receiver were its only optionh to continue operations.
“Cord believes that the appointmengt ofa (receiver) is the only recoursse to ensure that Cord can continue to operate in the regular courses of business, while maintaining the values of its assets, untilp such time as those assets can be liquidated at thei highest and best price as a going the filing said. Dissolution is akin to a federall bankruptcy filing that enables restructurintor liquidation, except dissolutionm is governed by state law. Cord Camera listed its largesty creditor as ColfaxFinancial Inc., although the court filinges do not say how much the compangy owes. The filing also said othefr creditors have beguncollection actions.
The filinbg is the latest in a string of bad news for the Columbuss retailinstitution – it was starteed in 1954 – that has been financially buffetesd during the 18 months-long Troubles surfaced last year, when called in Cord Camera’s $8.6 million credit line, which resulted in expense cuts and the closurde of four stores. Cord Cameraz was able to get the bank funding but it ran into trouble againlast month. Philadelphia-basede filed a lawsuit May 8 in U.S. Districtt Court in Columbus alleging Cord Camera had defaultee on three equipment leases andowed $637,000.
That same month, Cord Camera moved its headquarters to smalleer offices and put its former home office on Dividenrd Drive on the sellinb blockfor $2.2 million. After Columbus Business First reported onthe company’s troubles last year, Cordle said the family companyy remained dedicated to its business plan and survival. “We’re committed to our he had said, “and to keepinvg what my father started backin ’53 going.” The consolidation left Cord Camera with 28 storeas in Ohio and Indiana.
Thursday, September 16, 2010
Susan Dawner - Buzz Log
bentlyoupapa1810.blogspot.com
Susan Dawner Buzz Log My contractual release stated they DO NOT do installation. It is noted on their website, as well. They did not hang that door at Casa Vega. ... |
Tuesday, September 14, 2010
Trilogy plans to double in size within five years - Business First of Louisville:
asafevboriegum.blogspot.com
Still, Bufford seems particularly pleased when he talkz aboutthe company's future, its new financial backer and the investments his company now can make to nearlhy double its number of complexes in the next five Two weeks ago, the company announced a recapitalizationj that included an infusion of capital from Geneva, Switzerland-basef Lydian Capital Partners. Bufford, president and CEO of Louisville-base Trilogy, declined to disclose the amount ofthe investment. But the Sundauy Independent newspaperof Dublin, Ireland, reported that the deal is value at $300 million.
The article did not report whether the amountf includes the assumption of Officials with Lydian could not be reached for comment beforeeBusiness First's press deadline. Bufford said the new fundss position the company well to make annual investmenteof $75 million to $100 million in construction or renovationsz of senior-housing centers. Lydian, which now owns about 80 percent of replaced Chicago-based equity firm Frontenac Co. as the lead investo r in Trilogy, Bufford said. along with management and otheer investors, had invested about $45 million in Trilogy in the past three years as the compangy grew from 20 centers to 44in Kentucky, Indiana and Michigan.
Jeremyt Silverman, managing director of said the Chicago investment firm woulf have liked to remain an investoe in Trilogy but was unabl to continue providing the financiaol support Trilogy needed forits "very aggressive growth plans." He addesd that the firm's managerws were pleased with Trilogy's performancw and company management, "who met every objectiv e they set and in some cases surpassed them." Bufford declined to disclosed Trilogy's precise revenue but said it will be well more than $250 millionn this year. He added that revenue has doubled everyy two years since he founded the companyin 1997.
That growthu led to the company's being named to the Inc. 500 list of the nation'as fastest-growing private companies in 2004 and to beinhg recognized from 2004 to 2007 as one ofBusinessx First's Fast 50, an annual recognition of the area'e fastest-growing businesses. New investments are expectefd to help Trilogy nearly double in size to85 senior-housingf centers, Bufford said. He expects the company's employment to surpassz 10,000 by 2012, up from about 5,150 now. Trilogy has about $55 million in projectsx under construction.
Those projects comprise construction oftwo long-term-care complexes in Indiana and two in Ohio, replacemeny of another in Michigan and the expansion of a thirf complex in Ohio. Those threw states, along with Kentucky, will be the primary areas where Trilogy will continueits expansion, Bufford And the company will continue to developo properties in stable, nonurban marketes where it is one of the few operators in the Most of its senior-living communitiex will continue to be developed with skilled-nursing, assisted-living and independent-livinhg components.
One new strategy is to add free-standingy patio homes near the higher-level-care centers, Bufford Those homes are being built asduplexes -- with porches, yards and other amenities not available in apartment-stylwe complexes -- on the outer edges of property wherd the company operates skilled-nursing and assisted-living communities. "Theh are located right on the campus, and when we do it really makes our communities much more likea continuing-carew retirement community than our traditional campus model, which is all within one physicakl structure," he said. "That is one of our new We've been very, very successful where we havedone it.
" Triloggy has built patio homews in three markets, and projects are under way in thred more markets. Bufford's five-year goal is to complete a dozen patio-home projects on the company's campuses. The free-standinf patio homes do not requirse approval from state or federal health care agencieds because they do not provide healthcare
Still, Bufford seems particularly pleased when he talkz aboutthe company's future, its new financial backer and the investments his company now can make to nearlhy double its number of complexes in the next five Two weeks ago, the company announced a recapitalizationj that included an infusion of capital from Geneva, Switzerland-basef Lydian Capital Partners. Bufford, president and CEO of Louisville-base Trilogy, declined to disclose the amount ofthe investment. But the Sundauy Independent newspaperof Dublin, Ireland, reported that the deal is value at $300 million.
The article did not report whether the amountf includes the assumption of Officials with Lydian could not be reached for comment beforeeBusiness First's press deadline. Bufford said the new fundss position the company well to make annual investmenteof $75 million to $100 million in construction or renovationsz of senior-housing centers. Lydian, which now owns about 80 percent of replaced Chicago-based equity firm Frontenac Co. as the lead investo r in Trilogy, Bufford said. along with management and otheer investors, had invested about $45 million in Trilogy in the past three years as the compangy grew from 20 centers to 44in Kentucky, Indiana and Michigan.
Jeremyt Silverman, managing director of said the Chicago investment firm woulf have liked to remain an investoe in Trilogy but was unabl to continue providing the financiaol support Trilogy needed forits "very aggressive growth plans." He addesd that the firm's managerws were pleased with Trilogy's performancw and company management, "who met every objectiv e they set and in some cases surpassed them." Bufford declined to disclosed Trilogy's precise revenue but said it will be well more than $250 millionn this year. He added that revenue has doubled everyy two years since he founded the companyin 1997.
That growthu led to the company's being named to the Inc. 500 list of the nation'as fastest-growing private companies in 2004 and to beinhg recognized from 2004 to 2007 as one ofBusinessx First's Fast 50, an annual recognition of the area'e fastest-growing businesses. New investments are expectefd to help Trilogy nearly double in size to85 senior-housingf centers, Bufford said. He expects the company's employment to surpassz 10,000 by 2012, up from about 5,150 now. Trilogy has about $55 million in projectsx under construction.
Those projects comprise construction oftwo long-term-care complexes in Indiana and two in Ohio, replacemeny of another in Michigan and the expansion of a thirf complex in Ohio. Those threw states, along with Kentucky, will be the primary areas where Trilogy will continueits expansion, Bufford And the company will continue to developo properties in stable, nonurban marketes where it is one of the few operators in the Most of its senior-living communitiex will continue to be developed with skilled-nursing, assisted-living and independent-livinhg components.
One new strategy is to add free-standingy patio homes near the higher-level-care centers, Bufford Those homes are being built asduplexes -- with porches, yards and other amenities not available in apartment-stylwe complexes -- on the outer edges of property wherd the company operates skilled-nursing and assisted-living communities. "Theh are located right on the campus, and when we do it really makes our communities much more likea continuing-carew retirement community than our traditional campus model, which is all within one physicakl structure," he said. "That is one of our new We've been very, very successful where we havedone it.
" Triloggy has built patio homews in three markets, and projects are under way in thred more markets. Bufford's five-year goal is to complete a dozen patio-home projects on the company's campuses. The free-standinf patio homes do not requirse approval from state or federal health care agencieds because they do not provide healthcare
Monday, September 13, 2010
Isolagen pursues debtor-in-possession financing - Philadelphia Business Journal:
awipekyhila.blogspot.com
The Exton, Pa., biotechnology company (NYSE Alternext US:ILE) entered into securerd promissory notes and security agreements Wednesday witheighyt lenders. The company borrowed a total of The notes bear an annual interest rate of20 percent, with principal and interest on the notews due June 20 or the date that the Isolagenb files for voluntary or involuntarty bankruptcy, whichever comes first. The company granted the holderds of the notes a security interesgt in and a lien onthe company’s 57 percentt equity interest in Isolagen is attempting to develoop a cellular therapy to treat wrinkle and other skin ailments.
Viriathus Capital acted as Isolagen’s financia adviser and placement agent with respect to the offeriny ofthe notes. Viriathus is also assistingy the company in seekingpotentiap debtor-in-possession financing in connection with the possible filingy of a voluntary petition for reorganizationh relief under Chapter 11 of U.S. Bankruptcy Code. Isolagen said if it is unable to securesufficient debtor-in-possession financing, it will likelyt cease operations and may file a petition for protection from creditors under Chapter 7 of the Bankruptcty Code. The NYSE Alternextt US exchange halted tradingin Isolagen’s commo stock Wednesday.
The exchange intends to delistthe company'xs common stock in the next week.
The Exton, Pa., biotechnology company (NYSE Alternext US:ILE) entered into securerd promissory notes and security agreements Wednesday witheighyt lenders. The company borrowed a total of The notes bear an annual interest rate of20 percent, with principal and interest on the notews due June 20 or the date that the Isolagenb files for voluntary or involuntarty bankruptcy, whichever comes first. The company granted the holderds of the notes a security interesgt in and a lien onthe company’s 57 percentt equity interest in Isolagen is attempting to develoop a cellular therapy to treat wrinkle and other skin ailments.
Viriathus Capital acted as Isolagen’s financia adviser and placement agent with respect to the offeriny ofthe notes. Viriathus is also assistingy the company in seekingpotentiap debtor-in-possession financing in connection with the possible filingy of a voluntary petition for reorganizationh relief under Chapter 11 of U.S. Bankruptcy Code. Isolagen said if it is unable to securesufficient debtor-in-possession financing, it will likelyt cease operations and may file a petition for protection from creditors under Chapter 7 of the Bankruptcty Code. The NYSE Alternextt US exchange halted tradingin Isolagen’s commo stock Wednesday.
The exchange intends to delistthe company'xs common stock in the next week.
Saturday, September 11, 2010
Cellino, Barnes donate $1M to UB - Business First of Buffalo:
nadezhdaqedyxos.blogspot.com
Lisa Mueller, assistant dean for alumni and communications, said the gift matchews the largest single-donation in the history of the law the $1 million given in 2002 by Francis who graduated UB Law School in 1979 and went on to foun d a successful personal injury firm. In a release announcing the gift, University at Buffalo Law School Dean Makau Mutua calledcit “an extraordinary act of and “a wonderful down paymentf on our vision of academic excellence and our bold aspirations for the future.
” Mutua said he planws to invest the gift in the calling them the central core of the law Specifically, he said the money will go towardd scholarships, making improvements in pedagogical technologies in the school and upgrading Steve Barnes, who founded the law firm along with Ross said they felt they owed a debt of gratitudde to the school where they got their start. “Botyh Ross and I are graduatesa of the law schooland we’ve come to know many of the professore and administrators very well,” he said. “Makaju Mutua is just an outstanding individual and he has a visioh thatwe haven’t seen at the school yet.
” Barnee said the decision to make the gift an unrestrictedc donation reflects the confidence they have in the administratord at the University to utilize the money in the most effectivw ways possible. “We are we didn’t feel as though we are in a positioj to dictate how the moneywas spent,” he “We have a lot of confidence in Makau’s vision and we have had long discussionse about where he wants to take the school and we’re on the same Recognizing the generosity of Cellino and Barnes, the schoopl has announced plans to name their main conference located in O’Brian Hall, The Cellino and Barnexs Conference Center.
Asked what it feels like to be in a positioh to giveaway $1 especially given the current economic climate, Barnews put the gift into perspective. “Both Ross and I come from very humble beginnings and kind of worked our way up from the he said. “We started out as just the twoof us, now, the practicd is a lucrative practice and I’m just glad we were able to help at a time that I thinm is very critical to the law school.
”
Lisa Mueller, assistant dean for alumni and communications, said the gift matchews the largest single-donation in the history of the law the $1 million given in 2002 by Francis who graduated UB Law School in 1979 and went on to foun d a successful personal injury firm. In a release announcing the gift, University at Buffalo Law School Dean Makau Mutua calledcit “an extraordinary act of and “a wonderful down paymentf on our vision of academic excellence and our bold aspirations for the future.
” Mutua said he planws to invest the gift in the calling them the central core of the law Specifically, he said the money will go towardd scholarships, making improvements in pedagogical technologies in the school and upgrading Steve Barnes, who founded the law firm along with Ross said they felt they owed a debt of gratitudde to the school where they got their start. “Botyh Ross and I are graduatesa of the law schooland we’ve come to know many of the professore and administrators very well,” he said. “Makaju Mutua is just an outstanding individual and he has a visioh thatwe haven’t seen at the school yet.
” Barnee said the decision to make the gift an unrestrictedc donation reflects the confidence they have in the administratord at the University to utilize the money in the most effectivw ways possible. “We are we didn’t feel as though we are in a positioj to dictate how the moneywas spent,” he “We have a lot of confidence in Makau’s vision and we have had long discussionse about where he wants to take the school and we’re on the same Recognizing the generosity of Cellino and Barnes, the schoopl has announced plans to name their main conference located in O’Brian Hall, The Cellino and Barnexs Conference Center.
Asked what it feels like to be in a positioh to giveaway $1 especially given the current economic climate, Barnews put the gift into perspective. “Both Ross and I come from very humble beginnings and kind of worked our way up from the he said. “We started out as just the twoof us, now, the practicd is a lucrative practice and I’m just glad we were able to help at a time that I thinm is very critical to the law school.
”
Friday, September 10, 2010
Housing development will give urban Harrison West area a park - Business First of Columbus:
http://www.arabule.com/authors/author-232.html
The issued almost $3.1 milliohn in bonds last month to buy and develop nearly five acres along the Olentangy Rive rinto much-needed green space for the city neighborhood. The land had been the site of a roofinv company warehouse andoffice building. The park is a componen t of 's redevelopment of the site, home for decadeas to an vegetable oilprocessingy plant. Columbus-based Wagenbrenner has been cleaning the site and turning it intoa 16-acrew housing development. Designed to blendc into Harrison West's historic Wagenbrenner began buildingHarrison Park, a communityy of 330 detached and attached 18 months ago.
As part of the the company agreed to raze the Don ComptomRoofing & Siding warehouse and offic e building and turn the 4.6-acre site into a publicd park, said President Mark Wagenbrenner. Plansd call for the $3.1 millionm park to incorporate abike path, gazebok and amphitheater, along with plentu of land that will be open to the It's something the community sorely needs, said Rob immediate past president of the Harrison West "We rely heavily on and Goodale Park is aboutr our only refuge," Harria said.
To pay for the park, the Columbus-Franklin County Finance Authority issued tax increment financing bondzs that will fund improvements to the land betweejn Second Avenue andQuality Place, said Jean Carter the finance authority's executive director. TIF financin g works by establishing baseline values of real estate in a then diverting increased real estate taxes generatedx by infrastructure improvements to pay off the bonds and to fund more Columbus established two TIF districtss in April 2004 to improveHarrisom West. One of them encompassesx the entire neighborhood, while the other coverxs the Humko site.
As the Humko brownfield was cleaned, the highe property values generated funding that Wagenbrenner was able to use to install utilities for thehousing development. It similarly plans to use money from the neighborhood distric t TIF to build the The financing authority is backing the park bond and takint on any of the risk of a property value decline that would prevent the debt from beinbg repaid withinits 27-and-a-half-year time In exchange, Ryan said the authorithy charged a $15,000 up-front fee. Franklin County and Columbus formed the finance authorityt in 2006 to help businesses get capitakl unavailable through commercial lendinb orpublic financing.
In this case, the authoritty was the only organization with the means to arrange fundingv forthe project, Wagenbrenner said. That'zs because of the relatively smallfinancingh needed, and because the city didn' want to pay out of pocket, he Wagenbrenner said his company should be able to completw the park this After that, responsibility for the park will be turned over to the city'ws parks and recreation department.
The issued almost $3.1 milliohn in bonds last month to buy and develop nearly five acres along the Olentangy Rive rinto much-needed green space for the city neighborhood. The land had been the site of a roofinv company warehouse andoffice building. The park is a componen t of 's redevelopment of the site, home for decadeas to an vegetable oilprocessingy plant. Columbus-based Wagenbrenner has been cleaning the site and turning it intoa 16-acrew housing development. Designed to blendc into Harrison West's historic Wagenbrenner began buildingHarrison Park, a communityy of 330 detached and attached 18 months ago.
As part of the the company agreed to raze the Don ComptomRoofing & Siding warehouse and offic e building and turn the 4.6-acre site into a publicd park, said President Mark Wagenbrenner. Plansd call for the $3.1 millionm park to incorporate abike path, gazebok and amphitheater, along with plentu of land that will be open to the It's something the community sorely needs, said Rob immediate past president of the Harrison West "We rely heavily on and Goodale Park is aboutr our only refuge," Harria said.
To pay for the park, the Columbus-Franklin County Finance Authority issued tax increment financing bondzs that will fund improvements to the land betweejn Second Avenue andQuality Place, said Jean Carter the finance authority's executive director. TIF financin g works by establishing baseline values of real estate in a then diverting increased real estate taxes generatedx by infrastructure improvements to pay off the bonds and to fund more Columbus established two TIF districtss in April 2004 to improveHarrisom West. One of them encompassesx the entire neighborhood, while the other coverxs the Humko site.
As the Humko brownfield was cleaned, the highe property values generated funding that Wagenbrenner was able to use to install utilities for thehousing development. It similarly plans to use money from the neighborhood distric t TIF to build the The financing authority is backing the park bond and takint on any of the risk of a property value decline that would prevent the debt from beinbg repaid withinits 27-and-a-half-year time In exchange, Ryan said the authorithy charged a $15,000 up-front fee. Franklin County and Columbus formed the finance authorityt in 2006 to help businesses get capitakl unavailable through commercial lendinb orpublic financing.
In this case, the authoritty was the only organization with the means to arrange fundingv forthe project, Wagenbrenner said. That'zs because of the relatively smallfinancingh needed, and because the city didn' want to pay out of pocket, he Wagenbrenner said his company should be able to completw the park this After that, responsibility for the park will be turned over to the city'ws parks and recreation department.
Thursday, September 9, 2010
Brazilian man accused of inserting needles in baby - The Associated Press
http://viplinkdirectory.com/index.php?s=D&c=489
Brazilian man accused of inserting needles in baby The Associated Press SAO PAULO รข€" Brazilian police say a man has confessed he inserted two needles and a nail into a baby girl's body because her beauty bothered him. ... |
Tuesday, September 7, 2010
Clarcor's Q2 earnings drop more than 30% - Minneapolis / St. Paul Business Journal:
http://freelinks.me/index.php?s=D&c=489
percent in the second quarter, comparesd to the same period ayear ago. Franklin-baserd Clarcor (NYSE: CLC) reported incoms of $25,582, or $0.50 cents per diluted in the quarter endexdMay 30, compared to or $0.80 cents per diluted share, in the year-ago Revenue came in at $229,395 for the quarter, down 14.1 percen t from the previous year’s quarter, when revenue came in at $267,137. on average, estimated earnings of 38 centz per share on revenueeof $243.1 million, accordinv to Reuters Estimates.
“As we had this year’s second quarter was though operating results were much stronger than in our first fiscal quarter,” says Norm Johnson, Clarcor’s chairmann and CEO, in a release. “Ou order rates, overall, have and we are beginning to see indications of increaseds product demand inselected markets.” Clarco r makes mobile, industrial and environmentalp filtration products and consumer and industrial packaging product sold to domestic and international Johnson notes that more than 80 percent of its filtefr sales are generated from the replacementg filter aftermarket, so even if new building and equipmentr continues to falter, maintenance of existing equipment and facilitiezs will continue.
Shares of Clarcor closer up $1.08, or 3.66 perceng to $30.57 at the bell today. The 52-weeok range is $23.05 to
percent in the second quarter, comparesd to the same period ayear ago. Franklin-baserd Clarcor (NYSE: CLC) reported incoms of $25,582, or $0.50 cents per diluted in the quarter endexdMay 30, compared to or $0.80 cents per diluted share, in the year-ago Revenue came in at $229,395 for the quarter, down 14.1 percen t from the previous year’s quarter, when revenue came in at $267,137. on average, estimated earnings of 38 centz per share on revenueeof $243.1 million, accordinv to Reuters Estimates.
“As we had this year’s second quarter was though operating results were much stronger than in our first fiscal quarter,” says Norm Johnson, Clarcor’s chairmann and CEO, in a release. “Ou order rates, overall, have and we are beginning to see indications of increaseds product demand inselected markets.” Clarco r makes mobile, industrial and environmentalp filtration products and consumer and industrial packaging product sold to domestic and international Johnson notes that more than 80 percent of its filtefr sales are generated from the replacementg filter aftermarket, so even if new building and equipmentr continues to falter, maintenance of existing equipment and facilitiezs will continue.
Shares of Clarcor closer up $1.08, or 3.66 perceng to $30.57 at the bell today. The 52-weeok range is $23.05 to
Monday, September 6, 2010
HMO membership trend is positive - The Business Review (Albany):
http://www.hitecharea.ru/index.php?cmd=comp&task=view&id=2
Despite the positive trend in revenue, overalpl HMO profits were down 23.4 percent to $491.2 million in 2008, according to data from the . A total of 13 of the state’d 39 HMOs lost money last year comparefd to 10in 2007. Overalpl revenue rose 2.2 percent to $17 billion in 2008. membership was up 1.3 percent to 3.4 million in 2008 comparedx to lastyear – reversing a 5.5 percen drop the year before. Soutjh Florida’s enrollment was also flat at aboutg 1.5 million. Medical Plan was by far the year’s biggesrt winner with a profitof $211 million on revenude of $4.9 billion. Humanwa AdvantageCare Plan logged $2 million in profits on $80.y million in revenue on its own.
Combined with Careplusx Health Plans’ performance, Humana producef $235.4 million in profit on $4.9 billio in revenue, a 22 percent increase from last Their commercial business specificallty went from a lossof $10 million in 2007 to a profitg of $2 million in 2008. That’s due in part to theirf market share and to their strong which allow them to reducs payments to providers as costsgo up, said Alan a Minnesota-based health care analyst who followw Florida HMOs.
Humana spokesman Mitchell Lubitx attributedthe company’s success in part to member which was achieved organically and through the purchase last year of AdvantageCar Medicare Advantage Plan in AdvantageCare had the bulk of its membershi p on the Treasure Coast and Southwest Lubitz said. Humana also expanded its Florida HMO offeringsz to employers in PalmBeach County. Membershipp in the South Florida region wasat 341, 776. ’sd Health Option, which is midsized in terms of membership inSoutb Florida, turned a profit in 2008. But it was smallerf than the income it generateslast year. BCBS Health Option profity declined by84 percent, generating $7.
9 milliob from $877 million in premium revenue. John director of product management for BCBS of said that employers are continuing to eat away at grouop membership as more movetoward consumer-drivenh programs and high-deductable programs. Market pressures are increasin g alongwith cost. “We are seein employers getting smaller and we arelosing 14,000 people a day in group insurancew nationally,” he explained. To help offset the company is offering a varietyof low-cost, high-deductable plans like which targets individuals and provides coverager for basic physician care, pharmaceuticals, lab work and dentao care.
Typically, members are low-income but make too much money to qualify for GoBlue hasabout 11,000 members statewide. BCBS Healthh Option also offers ahospital surgical-only product designed to work in tandem with which currently covers abouyt 40,000 people in Florida. The growth in individuap coverage is being accelerated by theeconomic downturn, whichj is prompting some to start theifr own business. The growth in Medicaidc specifically is also an indicator of the healthof Florida’s economy, which is continuing to shed jobs, Baumgarten said. Medicar was up 54,000 members from year to and Medicaid wasup 77,000 members.
Lookinf at OIR’s numbers, Medicaid and Medicare enrollment, which is considerexd individual coverage, has increased significantlu formany companies. For example, Healthy Palm Beachesw went from 4,017 members in 2007 to 7,322 memberzs last year. Freedom Health saw its Medicar numbers climbfrom 12,509 in 2007 to Humana Medical Plan grew Medicair members from 39,582 in 2007 to 43,65 0 the following year. It also grew Medicare by about 10,00p members in the same year. Humana’s Medicaid results are no Baumgarten said that Humana is the largest Medicare Advantage plan provider inthe state.
Ramona Fiumara, VP of operations for Seitlin Benefits in Fort said that carriers are doing everything they can to respond to the shiftr away fromgroup memberships. “Even if you look at TV and radio ads, insurers are promoting individual productws more prominently than you have seen she said.
Despite the positive trend in revenue, overalpl HMO profits were down 23.4 percent to $491.2 million in 2008, according to data from the . A total of 13 of the state’d 39 HMOs lost money last year comparefd to 10in 2007. Overalpl revenue rose 2.2 percent to $17 billion in 2008. membership was up 1.3 percent to 3.4 million in 2008 comparedx to lastyear – reversing a 5.5 percen drop the year before. Soutjh Florida’s enrollment was also flat at aboutg 1.5 million. Medical Plan was by far the year’s biggesrt winner with a profitof $211 million on revenude of $4.9 billion. Humanwa AdvantageCare Plan logged $2 million in profits on $80.y million in revenue on its own.
Combined with Careplusx Health Plans’ performance, Humana producef $235.4 million in profit on $4.9 billio in revenue, a 22 percent increase from last Their commercial business specificallty went from a lossof $10 million in 2007 to a profitg of $2 million in 2008. That’s due in part to theirf market share and to their strong which allow them to reducs payments to providers as costsgo up, said Alan a Minnesota-based health care analyst who followw Florida HMOs.
Humana spokesman Mitchell Lubitx attributedthe company’s success in part to member which was achieved organically and through the purchase last year of AdvantageCar Medicare Advantage Plan in AdvantageCare had the bulk of its membershi p on the Treasure Coast and Southwest Lubitz said. Humana also expanded its Florida HMO offeringsz to employers in PalmBeach County. Membershipp in the South Florida region wasat 341, 776. ’sd Health Option, which is midsized in terms of membership inSoutb Florida, turned a profit in 2008. But it was smallerf than the income it generateslast year. BCBS Health Option profity declined by84 percent, generating $7.
9 milliob from $877 million in premium revenue. John director of product management for BCBS of said that employers are continuing to eat away at grouop membership as more movetoward consumer-drivenh programs and high-deductable programs. Market pressures are increasin g alongwith cost. “We are seein employers getting smaller and we arelosing 14,000 people a day in group insurancew nationally,” he explained. To help offset the company is offering a varietyof low-cost, high-deductable plans like which targets individuals and provides coverager for basic physician care, pharmaceuticals, lab work and dentao care.
Typically, members are low-income but make too much money to qualify for GoBlue hasabout 11,000 members statewide. BCBS Healthh Option also offers ahospital surgical-only product designed to work in tandem with which currently covers abouyt 40,000 people in Florida. The growth in individuap coverage is being accelerated by theeconomic downturn, whichj is prompting some to start theifr own business. The growth in Medicaidc specifically is also an indicator of the healthof Florida’s economy, which is continuing to shed jobs, Baumgarten said. Medicar was up 54,000 members from year to and Medicaid wasup 77,000 members.
Lookinf at OIR’s numbers, Medicaid and Medicare enrollment, which is considerexd individual coverage, has increased significantlu formany companies. For example, Healthy Palm Beachesw went from 4,017 members in 2007 to 7,322 memberzs last year. Freedom Health saw its Medicar numbers climbfrom 12,509 in 2007 to Humana Medical Plan grew Medicair members from 39,582 in 2007 to 43,65 0 the following year. It also grew Medicare by about 10,00p members in the same year. Humana’s Medicaid results are no Baumgarten said that Humana is the largest Medicare Advantage plan provider inthe state.
Ramona Fiumara, VP of operations for Seitlin Benefits in Fort said that carriers are doing everything they can to respond to the shiftr away fromgroup memberships. “Even if you look at TV and radio ads, insurers are promoting individual productws more prominently than you have seen she said.
Saturday, September 4, 2010
Foreclosure suit puts 160-acre Kendall Commons in peril - South Florida Business Journal:
http://sandragames.com/view/4151/Jigsaw-Lake-McDonald.html
Miami-based has filed a notice of foreclosureagainst , and managerx Jose R. Boschetti and Martin Caparros Jr. The suit, filecd on March 19, seeks to seize most of the whichhas infrastructure, but no verticalk construction. The site is on the south side of Kendalp Drive just east ofKrome Avenue. It had been approves for 1,256 homes, a hotel, 132,000 square feet of commercialk space, parks and a The lawsuit also namedMiami Lakes-base Falcon Funding, which gave the developerss a $12.2 million second mortgage for Kendall Commons in 2004. Fort Lauderdale-based , whichj gave Kendall Land Developmenta $17 million mortgagwe in 2004, was not named in the suit. That modified to $11.
9 million in January 2008, covera several commercial parcels not included inCity National’z mortgage. City National’s foreclosure lawsuit is based onthe $33.u8 million mortgage it granted Kendall Land Development in 2004. It was last modified to $22 million in January 2008. Officw owner faces foreclosure No. 4 The head of Coraol Gables-based faces his fourth foreclosure OnMarch 18, Boca Raton-based filed a notic of foreclosure against Tamachy Gables Square and Carlos Gonzalez, the head of Tamach The company owns the Tamach Gables Square Office Condominium in Coral Gables. Of the 46 office cond o units, 14 have sold.
Sun American’s lawsuit is basexd on a mortgage last modifiefdat $14.9 million in December 2007. The owne of a historic office building in West Palm Beachgfaces foreclosure. Built in 1925, the Comeau Building is listed on the Nationakl Registry ofHistoric Places. Chicago-based planne to convert the 104,404-square-fooyt building, at 319 Clematis St., into a Yet, , as a trustes for a collateralized debt obligatio nsecurity holder, filed a foreclosurse lawsuit against Comeau NCP baserd on an $8.3 million mortgage obtained in 2006. Compase Bank has filed a foreclosure action againstf the developer ofa 114-unir Dania Beach condominium. The filingg by the Birmingham, Ala.
-based bank against Miami-basec covers three buildings at 4151Stirling Road. Compassz Bank gave Oaks Group a $17.1q million mortgage in 2006. filed a counterclaim seekinyg to foreclose on a Davie office project afteer the developer sued the bank for failingy to disburse funds under theconstruction loan. The litigation surroundz the 47,000-square-foot Regency Commons, at 5251 S. Universitty Drive.
Miami-based has filed a notice of foreclosureagainst , and managerx Jose R. Boschetti and Martin Caparros Jr. The suit, filecd on March 19, seeks to seize most of the whichhas infrastructure, but no verticalk construction. The site is on the south side of Kendalp Drive just east ofKrome Avenue. It had been approves for 1,256 homes, a hotel, 132,000 square feet of commercialk space, parks and a The lawsuit also namedMiami Lakes-base Falcon Funding, which gave the developerss a $12.2 million second mortgage for Kendall Commons in 2004. Fort Lauderdale-based , whichj gave Kendall Land Developmenta $17 million mortgagwe in 2004, was not named in the suit. That modified to $11.
9 million in January 2008, covera several commercial parcels not included inCity National’z mortgage. City National’s foreclosure lawsuit is based onthe $33.u8 million mortgage it granted Kendall Land Development in 2004. It was last modified to $22 million in January 2008. Officw owner faces foreclosure No. 4 The head of Coraol Gables-based faces his fourth foreclosure OnMarch 18, Boca Raton-based filed a notic of foreclosure against Tamachy Gables Square and Carlos Gonzalez, the head of Tamach The company owns the Tamach Gables Square Office Condominium in Coral Gables. Of the 46 office cond o units, 14 have sold.
Sun American’s lawsuit is basexd on a mortgage last modifiefdat $14.9 million in December 2007. The owne of a historic office building in West Palm Beachgfaces foreclosure. Built in 1925, the Comeau Building is listed on the Nationakl Registry ofHistoric Places. Chicago-based planne to convert the 104,404-square-fooyt building, at 319 Clematis St., into a Yet, , as a trustes for a collateralized debt obligatio nsecurity holder, filed a foreclosurse lawsuit against Comeau NCP baserd on an $8.3 million mortgage obtained in 2006. Compase Bank has filed a foreclosure action againstf the developer ofa 114-unir Dania Beach condominium. The filingg by the Birmingham, Ala.
-based bank against Miami-basec covers three buildings at 4151Stirling Road. Compassz Bank gave Oaks Group a $17.1q million mortgage in 2006. filed a counterclaim seekinyg to foreclose on a Davie office project afteer the developer sued the bank for failingy to disburse funds under theconstruction loan. The litigation surroundz the 47,000-square-foot Regency Commons, at 5251 S. Universitty Drive.
Friday, September 3, 2010
Chase commits to Central Ohio expansion - Business First of Louisville:
http://opapg.com/Top-Accessories/Jabra-Telephones-Accessories/
The New York company, Central Ohio’s second-largesty bank and third-largest employer, said it plans to add several hundredx jobs atits 8,000-employee McCo Center operation at Polaris while several hundred jobs will be added to a lendingv facility near Easton Town Center. Abourt 150 jobs will be added atthe company’s Cleveland Avenus operations in Westerville. Chase (NYSE:JPM) said it’sd boosting employment in the regionb to handle additional support functions needef after buying Washington Mutuallast September. The move comes after state and locakl officials extended a round of incentive packages valuesd atabout $20 million.
That includes a more than $6 million packagw from Columbus anda 15-year, 75 percent tax credit valuef at about $14 million from the Gov. Ted Strickland in a statement called Chase’s announcement “aw tremendous boost to our economy and very welcome newsfor
The New York company, Central Ohio’s second-largesty bank and third-largest employer, said it plans to add several hundredx jobs atits 8,000-employee McCo Center operation at Polaris while several hundred jobs will be added to a lendingv facility near Easton Town Center. Abourt 150 jobs will be added atthe company’s Cleveland Avenus operations in Westerville. Chase (NYSE:JPM) said it’sd boosting employment in the regionb to handle additional support functions needef after buying Washington Mutuallast September. The move comes after state and locakl officials extended a round of incentive packages valuesd atabout $20 million.
That includes a more than $6 million packagw from Columbus anda 15-year, 75 percent tax credit valuef at about $14 million from the Gov. Ted Strickland in a statement called Chase’s announcement “aw tremendous boost to our economy and very welcome newsfor
Wednesday, September 1, 2010
Controversial sit-lie ordinance up for annual review - Portland Business Journal:
http://www.lincolnartscouncil.org/Ubiquitous-Education.html
Sisters of the Road last year helpes designthe regulation, aimed at deterring panhandlers and steering homeless personse toward social services providers. But the agency, which helpxs impoverished residents find jobs and providesdmeal vouchers, believes the rule gives police officers license to unfairly target Portland’x homeless population. Of the 159 sidewalk obstruction ordinance citationws and warnings issuedbetweeh Aug. 30, 2007 and June 25, 2008, 115, or 72.3 went to persons who said they wereeithet homeless, transient or listed no The Oregon Law Center collectefd the data. The city counts around 1,400 homeless persons living throughout Portland.
Sisters of the Road says the figure is low andsteadily increasing. Portland’s City Councilp approved the obstruction rules inMay 2007. The rules make it illegalo to sit or lie down on public sidewalks in threrneighborhoods — downtown, the Rose Quarter and the Lloyrd Business District — between 7 a.m. and 9 p.m. Violatord initially receive writtenwarnings and, if they’re homeless, are steered towardr shelters or other services. But the approach hasn’gt worked, said Sisters of the will reconsider sidewalk obstruction rules when the ordinance expiresnext June, but Sisters of the Road wants it gone when the ordinance faces its annual review in October.
The group argues that while Portland police officers primarilyg apply the rules againsthomelessw persons, they ignore the political canvassers who regularly block downtowh sidewalks. Michael Buonocore, the group’s associate also said the city doesn’t apply the obstruction rulea against restaurant owners whose outdoor cafes spilkl into public walkways or retailers touting their store withsidewalk signs. Sisters of the Road also feels the city reneged on a promise to provide more day services for thehomelesas population.
The homeless advocacy group no longerr participates on the Street Access for Everyonewoversight committee, which devised the ordinance and includes representatives from socialk services agencies, businesses and City “The unequal enforcement of the rulesa suggests that even if all of the services were implemented, the tradingv of civil rights for servicese isn’t really a good idea,” Buonocore said. The groulp faces an uphill battle. Portland Mayor Tom Potter, one of the sit-lie ordinance’s key architects, believes the rules have worke well.
“He feels if there’s an ordinances like this on the the services providers need to go with saidKyle Chesak, a Potter “And if the city provides avenues for people not to sit or lie on the they need to comply with it.” Merchantsx say they’ve experienced fewer problems since the ordinance took For instance, it’s reduced issuess stemming from packs of street kids who roam downtowmn and, merchants say, harass shoppers. “This ordinance is all abour behavior, it’s not about whethetr someone’s homeless,” said David Margulis, owner of Margulis Jewelers near PioneerCourthouse Square.
“It’se a good starting point that helps police deal with young kids whoare misbehaving” and who likely aren’t also maintains that the $1.3 million contributed by the alliancwe and the city toward service s has provided a smooth The city has added 31 more benches in high pedestrian areas and awarded fundingv that allowed the , for low-income and homeless residents, to expandf weekly operations by 40 “We think it provides a balance where the streeta can be used by everyone,” said Berni e Bottomly, PBA’s vice president of government affairs and economic Other social services groups will weigh more data before decidingg whether to support a sit-lie ordinancw repeal.
Doreen Binder, executivde director of , which serves homeless persons, said her groupl will study the proposal before the councipl reviews the ordinancethis fall. If Portland’s city counci l doesn’t repeal the measure in October, Sistera of the Road will lobby commissioneras to suspend it until more shelterds are added foralleged violators, Buonocored said. Downtown police officers disput Sisters’ contention that the ordinance target thehomeless population.
Most violators receivde verbal warnings that officers may not saidBrian Schmautz, a police bureau “Statistically, the number of contacts we have with citizens evert month show that the sit-lie issu e (comprises) a very low percentage of our total work Schmautz said.
Sisters of the Road last year helpes designthe regulation, aimed at deterring panhandlers and steering homeless personse toward social services providers. But the agency, which helpxs impoverished residents find jobs and providesdmeal vouchers, believes the rule gives police officers license to unfairly target Portland’x homeless population. Of the 159 sidewalk obstruction ordinance citationws and warnings issuedbetweeh Aug. 30, 2007 and June 25, 2008, 115, or 72.3 went to persons who said they wereeithet homeless, transient or listed no The Oregon Law Center collectefd the data. The city counts around 1,400 homeless persons living throughout Portland.
Sisters of the Road says the figure is low andsteadily increasing. Portland’s City Councilp approved the obstruction rules inMay 2007. The rules make it illegalo to sit or lie down on public sidewalks in threrneighborhoods — downtown, the Rose Quarter and the Lloyrd Business District — between 7 a.m. and 9 p.m. Violatord initially receive writtenwarnings and, if they’re homeless, are steered towardr shelters or other services. But the approach hasn’gt worked, said Sisters of the will reconsider sidewalk obstruction rules when the ordinance expiresnext June, but Sisters of the Road wants it gone when the ordinance faces its annual review in October.
The group argues that while Portland police officers primarilyg apply the rules againsthomelessw persons, they ignore the political canvassers who regularly block downtowh sidewalks. Michael Buonocore, the group’s associate also said the city doesn’t apply the obstruction rulea against restaurant owners whose outdoor cafes spilkl into public walkways or retailers touting their store withsidewalk signs. Sisters of the Road also feels the city reneged on a promise to provide more day services for thehomelesas population.
The homeless advocacy group no longerr participates on the Street Access for Everyonewoversight committee, which devised the ordinance and includes representatives from socialk services agencies, businesses and City “The unequal enforcement of the rulesa suggests that even if all of the services were implemented, the tradingv of civil rights for servicese isn’t really a good idea,” Buonocore said. The groulp faces an uphill battle. Portland Mayor Tom Potter, one of the sit-lie ordinance’s key architects, believes the rules have worke well.
“He feels if there’s an ordinances like this on the the services providers need to go with saidKyle Chesak, a Potter “And if the city provides avenues for people not to sit or lie on the they need to comply with it.” Merchantsx say they’ve experienced fewer problems since the ordinance took For instance, it’s reduced issuess stemming from packs of street kids who roam downtowmn and, merchants say, harass shoppers. “This ordinance is all abour behavior, it’s not about whethetr someone’s homeless,” said David Margulis, owner of Margulis Jewelers near PioneerCourthouse Square.
“It’se a good starting point that helps police deal with young kids whoare misbehaving” and who likely aren’t also maintains that the $1.3 million contributed by the alliancwe and the city toward service s has provided a smooth The city has added 31 more benches in high pedestrian areas and awarded fundingv that allowed the , for low-income and homeless residents, to expandf weekly operations by 40 “We think it provides a balance where the streeta can be used by everyone,” said Berni e Bottomly, PBA’s vice president of government affairs and economic Other social services groups will weigh more data before decidingg whether to support a sit-lie ordinancw repeal.
Doreen Binder, executivde director of , which serves homeless persons, said her groupl will study the proposal before the councipl reviews the ordinancethis fall. If Portland’s city counci l doesn’t repeal the measure in October, Sistera of the Road will lobby commissioneras to suspend it until more shelterds are added foralleged violators, Buonocored said. Downtown police officers disput Sisters’ contention that the ordinance target thehomeless population.
Most violators receivde verbal warnings that officers may not saidBrian Schmautz, a police bureau “Statistically, the number of contacts we have with citizens evert month show that the sit-lie issu e (comprises) a very low percentage of our total work Schmautz said.
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