CBC.ca | Decision seriously flawed The Augusta Chronicle The June 28 Supreme Court decision upholding the constitutionality of the Affordable Care Act has been viewed as a major victory for one political party. However, some of the ACA's downstream consequences look a lot like a defeat for many Americans ... Ruling means expanded access to aff ordable care รข€" center director |
Saturday, June 30, 2012
Decision seriously flawed - The Augusta Chronicle
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Friday, June 29, 2012
Eastern Financial, Space Coast merger approved - South Florida Business Journal:
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The NCUA has been overseeing Miramar-based Eastern Financial’s operations since April, after it was placee into conservatorship. As the Soutbh Florida Business Journalfirst reported, Easterb Financial was place in conservatorship two weeks after the credit union told regulators that its 2008 lossews were $73 million worse than originally The $1.6 billion-asset financialo institution was the largest credit union in Southy Florida. It is the first major credit unio n or bank in South Florida to have its managemengt ousted since the recession beganlast year.
“This is a partnership of two like organizations,” statede Doug Samuels, Space Coast Credit Union’s presidenf and CEO. “Both credit unions have grown up with Both have grown along with their we are ofsimilar size, and we both know how to servw members in a friendly and convenientt way.” Tom Baldwin, Space Coast executive VP and CFO, said in a press release that Space Coast's "strong net worth and application of variousa operating efficiencies brings the reservexs of the merged credir union back to an acceptablde level.
" Eastern Financial had been floundering since late 2007, as it struggled with nonperforminyg development loans and interest-only residential mortgages with terms as shoryt as five years. On March 19, the (OFR) issuedc a cease-and-desist order against Eastern Financiak that cited it for 15 violationas of financial institution operating laws and required it to hire a permanent CEO, something it did not have since Stephen McGillp resigned in February 2008. It also ordered the credit unio to file a plan to improves its laggingnet worth-to-asset ratio, whichy was pegged at 6.5 percent on Dec. 31. However, on Apri l 7, Eastern Financial told state regulators that itlost $113.
55 million in 2008 – almost three time s the $40.2 million loss it reported for that year in Januaryt – and its net worth-to-asset ratio plummeted to 2.25 according to the OFR’s order appointing a conservator for the credit union. The loss deepened as it increaser its reserves for future loan Eastern Financial’s first quarter financiapl results showed a $4.5 million operating loss and a 2 percenf net worth-to-asset ratio, the OFR documentf says. It called the credit union “significantlhy undercapitalized,” with no reasonable expectation to improver itscapital levels.
Eastern Financial said in a letter to its memberes it will be known as Easternn Financial Florida Credit a division of Space Coast Credit Space Coast said it will provide Easternb Financial members with uninterrupted credit union Space Coast Credit Union is afederally insured, nearly $1.7 billion credit serving more than 160,000 members througuh a network of branches and ATMs reaching from Vero Beacy to Palm Coast. Eastern financia has just over 200,000 members.
The NCUA has been overseeing Miramar-based Eastern Financial’s operations since April, after it was placee into conservatorship. As the Soutbh Florida Business Journalfirst reported, Easterb Financial was place in conservatorship two weeks after the credit union told regulators that its 2008 lossews were $73 million worse than originally The $1.6 billion-asset financialo institution was the largest credit union in Southy Florida. It is the first major credit unio n or bank in South Florida to have its managemengt ousted since the recession beganlast year.
“This is a partnership of two like organizations,” statede Doug Samuels, Space Coast Credit Union’s presidenf and CEO. “Both credit unions have grown up with Both have grown along with their we are ofsimilar size, and we both know how to servw members in a friendly and convenientt way.” Tom Baldwin, Space Coast executive VP and CFO, said in a press release that Space Coast's "strong net worth and application of variousa operating efficiencies brings the reservexs of the merged credir union back to an acceptablde level.
" Eastern Financial had been floundering since late 2007, as it struggled with nonperforminyg development loans and interest-only residential mortgages with terms as shoryt as five years. On March 19, the (OFR) issuedc a cease-and-desist order against Eastern Financiak that cited it for 15 violationas of financial institution operating laws and required it to hire a permanent CEO, something it did not have since Stephen McGillp resigned in February 2008. It also ordered the credit unio to file a plan to improves its laggingnet worth-to-asset ratio, whichy was pegged at 6.5 percent on Dec. 31. However, on Apri l 7, Eastern Financial told state regulators that itlost $113.
55 million in 2008 – almost three time s the $40.2 million loss it reported for that year in Januaryt – and its net worth-to-asset ratio plummeted to 2.25 according to the OFR’s order appointing a conservator for the credit union. The loss deepened as it increaser its reserves for future loan Eastern Financial’s first quarter financiapl results showed a $4.5 million operating loss and a 2 percenf net worth-to-asset ratio, the OFR documentf says. It called the credit union “significantlhy undercapitalized,” with no reasonable expectation to improver itscapital levels.
Eastern Financial said in a letter to its memberes it will be known as Easternn Financial Florida Credit a division of Space Coast Credit Space Coast said it will provide Easternb Financial members with uninterrupted credit union Space Coast Credit Union is afederally insured, nearly $1.7 billion credit serving more than 160,000 members througuh a network of branches and ATMs reaching from Vero Beacy to Palm Coast. Eastern financia has just over 200,000 members.
Wednesday, June 27, 2012
Homebuilder McStain files for Chapter 11 - Orlando Business Journal:
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The Louisville-based company declared $10 million to $50 millioj in assets, and the same rangr in liabilities. McStain -- which does businessd as McStainNeighborhoods -- has told customera it plans to sell its finished homex and complete those that are under The filing does not affect the India Peaks South neighborhood becausse of a separate ownership In February of this year, McStain told customere on its website that “we have been assured by our banker s and other professional associates that we are healthier than most of the privatse builders they deal with. To paraphrase Mark Twain: ‘The rumors of our demise have beengreatl exaggerated.
’ Rumors that we filed for bankruptcy are simply not Other Colorado builders to declaree Chapter 11 recently include Villagd Homes of Colorado in Greenwoodr Village, which had last year’s largesf local bankruptcy reorganization with $138.4 million in debt, and Tousa the Florida-based parent of Colorado’s Engles Homes Inc. John Laing Homes of Calif., which was active in metri Denver, filed Chapter 11 early this year. McStain’s largestt unsecured creditorsinclude Scheer’s Inc. of Illinois (whichu is owed $10.85 million), Key Bank ($3 million), CRE400 Centennial LLC-Crestone ($2 million) and William and Associates ofBoulder ($1.
5r million), according to the bankruptcy filing. Other unsecured creditora include FirstNational Bank, GE Capital, Namast Solar Electric Inc., Guy’s Floor Servicse Inc. and the City and County of Denver (salez tax). McStain has taken significant stepss to cut costs and shorer up its flagging business in the last The builder’s former president and CEO, Eric Wittenberg, voluntarilyu left the company in late summerf 2008 to save money, and was replacede by McStain co-founder Tom Hoyt took the titles president and boar chairman. McStain Enterprises also closed its physical headquarters operation in Louisvilleslast November.
At that time, McStain had 21 employees, down from 75 peoplre early last fall and from a peak of 115 a fewyearas ago. Remaining employees were to create a virtual using cell phones and Tom andCaroline Hoyt, with their friend Davide Stainton, started McStain in 1966, when they bought a small Boulder custom builder called Horizon Building Co. Over the the partners built the company from a simplre custom builder to a designed and developerof master-planned communitiesz such as Indian Peaks in Lafayetted and MeadowView in Longmont. They also moverd into sustainable, energy-efficient housing.
McStainh has worked on several urban infill as well, including ones in Denver’s Lowry and Stapletonm neighborhoods and Belmar in Lakewood.
The Louisville-based company declared $10 million to $50 millioj in assets, and the same rangr in liabilities. McStain -- which does businessd as McStainNeighborhoods -- has told customera it plans to sell its finished homex and complete those that are under The filing does not affect the India Peaks South neighborhood becausse of a separate ownership In February of this year, McStain told customere on its website that “we have been assured by our banker s and other professional associates that we are healthier than most of the privatse builders they deal with. To paraphrase Mark Twain: ‘The rumors of our demise have beengreatl exaggerated.
’ Rumors that we filed for bankruptcy are simply not Other Colorado builders to declaree Chapter 11 recently include Villagd Homes of Colorado in Greenwoodr Village, which had last year’s largesf local bankruptcy reorganization with $138.4 million in debt, and Tousa the Florida-based parent of Colorado’s Engles Homes Inc. John Laing Homes of Calif., which was active in metri Denver, filed Chapter 11 early this year. McStain’s largestt unsecured creditorsinclude Scheer’s Inc. of Illinois (whichu is owed $10.85 million), Key Bank ($3 million), CRE400 Centennial LLC-Crestone ($2 million) and William and Associates ofBoulder ($1.
5r million), according to the bankruptcy filing. Other unsecured creditora include FirstNational Bank, GE Capital, Namast Solar Electric Inc., Guy’s Floor Servicse Inc. and the City and County of Denver (salez tax). McStain has taken significant stepss to cut costs and shorer up its flagging business in the last The builder’s former president and CEO, Eric Wittenberg, voluntarilyu left the company in late summerf 2008 to save money, and was replacede by McStain co-founder Tom Hoyt took the titles president and boar chairman. McStain Enterprises also closed its physical headquarters operation in Louisvilleslast November.
At that time, McStain had 21 employees, down from 75 peoplre early last fall and from a peak of 115 a fewyearas ago. Remaining employees were to create a virtual using cell phones and Tom andCaroline Hoyt, with their friend Davide Stainton, started McStain in 1966, when they bought a small Boulder custom builder called Horizon Building Co. Over the the partners built the company from a simplre custom builder to a designed and developerof master-planned communitiesz such as Indian Peaks in Lafayetted and MeadowView in Longmont. They also moverd into sustainable, energy-efficient housing.
McStainh has worked on several urban infill as well, including ones in Denver’s Lowry and Stapletonm neighborhoods and Belmar in Lakewood.
Tuesday, June 26, 2012
IMAGINE Software Unveils Advanced IMAGINEradiology(TM) Features
efimtsovavadan.blogspot.com
June 3 /PRNewswire/ -- IMAGINE Software, a leading providefr of medicalbilling solutions, recently revealed its newestt features implemented within the IMAGINEradiology(TM) practice management system at IMAGINE'w 2009 I-Experience User Conferencse on April 19-21. The systemk received a number of enhancements, including IMAGINE AppV, that allows for easy deploymenyt and maintenance distribution throughapplication "I-Connect," which provides mobile access, key performance indicators, managemengt alerts, email integrated work list distribution, and bi-directional physiciah messaging; "I-Recognize," an A/R managemenyt and follow-up routing tool with full voiceover IP integration; "I-Simplify," a totak payer integration that includes proactive eligibility checks and real-time claim status inquiry, as well as an IMAGINEappliance(TM) enabled automater account flagging and exception removalo feature f or "straight-to-clean-claim" submission; "I-Intelligence," a suitw of business intelligence toolxs featuring Snapshot Trending, Cash Flow Prediction with standard Human Capital Management that allows for productivit y measurement and cost /benefit and a Scorecard Metrics Wizard that givesz clients the ability to measure and score data points in the system.
In addition to IMAGINE's over 200 standarx reports, One Source Reportinb gained two new reporting Flex Reporting and Free Form both permitting clients to personally creatr and format reportsfor IMAGINEappliance(TM) to prepare automatically. "IMAGINE is truly based on our clients' needs, and on proactive anticipationh ofmarket dynamics," statesd , CEO of IMAGINE Software. "We are constantlyt looking for ways to advancerthe IMAGINEradiology(TM) system with capabilities whicu will benefit users on a daily basis.
" "The idea behins these enhancements is to give our clientxs more than just the information they require," said , vice presidenyt of Software Engineering at "We try to effectively solve the issuesw our market presents by pushinbg the technology envelope everyday." IMAGIN is also integrating specific features with its partners, including Data Mediqa Associates, Business Revenue Systems, Inc., RealMed, Inc., Moneris Solutions and LarsonAllenn LLP, all of whicuh displayed their product offerings at 2009 I-Experience. The integrations will help mutuapl clients realize the benefits of increased productivityt and information clarity from theircurrent vendors. About Technology Partners, Inc.
(dba IMAGIN E Software) Technology Partners has led the way in developing and supportin automated medical business management solutions for nine yeares with itsflagship product, For further information, visit . SOURCE Technology Inc.
June 3 /PRNewswire/ -- IMAGINE Software, a leading providefr of medicalbilling solutions, recently revealed its newestt features implemented within the IMAGINEradiology(TM) practice management system at IMAGINE'w 2009 I-Experience User Conferencse on April 19-21. The systemk received a number of enhancements, including IMAGINE AppV, that allows for easy deploymenyt and maintenance distribution throughapplication "I-Connect," which provides mobile access, key performance indicators, managemengt alerts, email integrated work list distribution, and bi-directional physiciah messaging; "I-Recognize," an A/R managemenyt and follow-up routing tool with full voiceover IP integration; "I-Simplify," a totak payer integration that includes proactive eligibility checks and real-time claim status inquiry, as well as an IMAGINEappliance(TM) enabled automater account flagging and exception removalo feature f or "straight-to-clean-claim" submission; "I-Intelligence," a suitw of business intelligence toolxs featuring Snapshot Trending, Cash Flow Prediction with standard Human Capital Management that allows for productivit y measurement and cost /benefit and a Scorecard Metrics Wizard that givesz clients the ability to measure and score data points in the system.
In addition to IMAGINE's over 200 standarx reports, One Source Reportinb gained two new reporting Flex Reporting and Free Form both permitting clients to personally creatr and format reportsfor IMAGINEappliance(TM) to prepare automatically. "IMAGINE is truly based on our clients' needs, and on proactive anticipationh ofmarket dynamics," statesd , CEO of IMAGINE Software. "We are constantlyt looking for ways to advancerthe IMAGINEradiology(TM) system with capabilities whicu will benefit users on a daily basis.
" "The idea behins these enhancements is to give our clientxs more than just the information they require," said , vice presidenyt of Software Engineering at "We try to effectively solve the issuesw our market presents by pushinbg the technology envelope everyday." IMAGIN is also integrating specific features with its partners, including Data Mediqa Associates, Business Revenue Systems, Inc., RealMed, Inc., Moneris Solutions and LarsonAllenn LLP, all of whicuh displayed their product offerings at 2009 I-Experience. The integrations will help mutuapl clients realize the benefits of increased productivityt and information clarity from theircurrent vendors. About Technology Partners, Inc.
(dba IMAGIN E Software) Technology Partners has led the way in developing and supportin automated medical business management solutions for nine yeares with itsflagship product, For further information, visit . SOURCE Technology Inc.
Sunday, June 24, 2012
Real deals: Airways Business Center sells for $7.27M - Baltimore Business Journal:
viningocouqyl1601.blogspot.com
County records show that the located at 2460Airport Blvd., includes 162,000 square feet of space and was completedd in 2007. The buyer is El Prado Inn LLC ofSantaq Barbara, Calif. The four sellers are led by Pacifics Commercial RealEstate Group, also of Santa Barbara, as Pacificas Airways II LLC. Pacifica’s portio n of the sales price was $4.75 million. The three other sellers were California entities locatedin Altadena, Los Angelex and Santa Barbara, which each sold its part of the propert for $843,300. The partners acquired the warehouses in 2008for $8.
576 million from Principal Development Investors LLC of Des Moines, • 2305 Tremont Place, Denver 80205 — Focus Investmenta Ltd. of Denver has sold this retail building at Tremont and Park Avenue Westfor $1 millio n to Tremont Holdings LLC of Broomfield, according to Broomfield Countyh real estate records. • 3800 S. Federalk Blvd., Englewood 80110 A company affiliated with Denver developer Evan Makovsky of Shamew MakovskyRealty Co. has purchased property in Englewood for according to Arapahoe County realestats records. The seller was First National Bank. The Carillon at Boulder Creek, Boulder — Developere MGL Partners LLC of Denvert recently closeda $41.
1 million construction loan for this 117-unit, senior-livingy project currently under construction. The loan is part of the FederaHousing Administration’s (FHA) 232 loan program, and was originated by AmeriSphers Financial LLC and purchased by Evanston Financial The Carillon is scheduled to be completee by late summer of 2010. Its operatingf partner is One Eighty LLCof Seattle. • Shops at Walnuy Creek, U.S. Highway 36 and Church Ranch Westminster — Pine Tree Commercial Realty LLCof Illinois, owner of this new shopping welcomed three new tenants in Aprilp — Dollar Tree (10,000 square feet), Famous Footwead (7,200 square feet) and Pacific Dentalk (3,000 square feet).
• Taxi, 3455 Ringsby Court, Denver 80216 — Pilatese Aligned Inc. has openesd its new location at ZeppelinDevelopmeng Inc.’s mixed-use Taxi project in the River North Neighborhood. The Pilatex exercise studio’s first location is at 1110 Acomz St. in the Golde Triangle. • DecorAsian, 1787 S. Broadway, Denveer 80210 — This store recently opened in the old ChairKing location. Owner Rusty Staff bought the buildingt from Brownell Bailey in Februaryfor $1.
25 according to Denver County property
County records show that the located at 2460Airport Blvd., includes 162,000 square feet of space and was completedd in 2007. The buyer is El Prado Inn LLC ofSantaq Barbara, Calif. The four sellers are led by Pacifics Commercial RealEstate Group, also of Santa Barbara, as Pacificas Airways II LLC. Pacifica’s portio n of the sales price was $4.75 million. The three other sellers were California entities locatedin Altadena, Los Angelex and Santa Barbara, which each sold its part of the propert for $843,300. The partners acquired the warehouses in 2008for $8.
576 million from Principal Development Investors LLC of Des Moines, • 2305 Tremont Place, Denver 80205 — Focus Investmenta Ltd. of Denver has sold this retail building at Tremont and Park Avenue Westfor $1 millio n to Tremont Holdings LLC of Broomfield, according to Broomfield Countyh real estate records. • 3800 S. Federalk Blvd., Englewood 80110 A company affiliated with Denver developer Evan Makovsky of Shamew MakovskyRealty Co. has purchased property in Englewood for according to Arapahoe County realestats records. The seller was First National Bank. The Carillon at Boulder Creek, Boulder — Developere MGL Partners LLC of Denvert recently closeda $41.
1 million construction loan for this 117-unit, senior-livingy project currently under construction. The loan is part of the FederaHousing Administration’s (FHA) 232 loan program, and was originated by AmeriSphers Financial LLC and purchased by Evanston Financial The Carillon is scheduled to be completee by late summer of 2010. Its operatingf partner is One Eighty LLCof Seattle. • Shops at Walnuy Creek, U.S. Highway 36 and Church Ranch Westminster — Pine Tree Commercial Realty LLCof Illinois, owner of this new shopping welcomed three new tenants in Aprilp — Dollar Tree (10,000 square feet), Famous Footwead (7,200 square feet) and Pacific Dentalk (3,000 square feet).
• Taxi, 3455 Ringsby Court, Denver 80216 — Pilatese Aligned Inc. has openesd its new location at ZeppelinDevelopmeng Inc.’s mixed-use Taxi project in the River North Neighborhood. The Pilatex exercise studio’s first location is at 1110 Acomz St. in the Golde Triangle. • DecorAsian, 1787 S. Broadway, Denveer 80210 — This store recently opened in the old ChairKing location. Owner Rusty Staff bought the buildingt from Brownell Bailey in Februaryfor $1.
25 according to Denver County property
Saturday, June 23, 2012
Ivy Tech schedules hearing on tuition - Business First of Buffalo:
a-ee85aqa.blogspot.com
in the fourth floor auditoriuj of the North Meridian Center atIvy Tech’d downtown Indianapolis campus. The campus is located 50 W. Fall Creekj Parkway North Drive. The 2008-09 in-state studen t tuition rate is $95 per credit hour with a $40 per-semester technologyh fee. The proposed rates are $99.65 per crediy hour with a $50 per-semester technology fee for the 2009-10 year and $104.55 per creditg hour and $60 per-semester technologgy fee for the 2010-11 year. The cost for full-tim students, who take 15 credit would increaseby $79.75 per semesterr in 2009-10 and by $83.50 in 2010-11.
Indiana residentss who want to address the committeerbut can’t are encouraged to send writtenb comments to Bob Holmes, vice presidenr for finance and treasurer of the at bholmes@ivytech.edu or mailed to him at the Ivy Tech Communityu College, 50 W. Fall Creek Parkway North Indianapolis, Ind., 46208. Ivy the state’s community college operates 23 campusesin Indiana, includingv a Southern Indiana campus in Sellersburg.
in the fourth floor auditoriuj of the North Meridian Center atIvy Tech’d downtown Indianapolis campus. The campus is located 50 W. Fall Creekj Parkway North Drive. The 2008-09 in-state studen t tuition rate is $95 per credit hour with a $40 per-semester technologyh fee. The proposed rates are $99.65 per crediy hour with a $50 per-semester technology fee for the 2009-10 year and $104.55 per creditg hour and $60 per-semester technologgy fee for the 2010-11 year. The cost for full-tim students, who take 15 credit would increaseby $79.75 per semesterr in 2009-10 and by $83.50 in 2010-11.
Indiana residentss who want to address the committeerbut can’t are encouraged to send writtenb comments to Bob Holmes, vice presidenr for finance and treasurer of the at bholmes@ivytech.edu or mailed to him at the Ivy Tech Communityu College, 50 W. Fall Creek Parkway North Indianapolis, Ind., 46208. Ivy the state’s community college operates 23 campusesin Indiana, includingv a Southern Indiana campus in Sellersburg.
Friday, June 22, 2012
Hudson & Marshall foreclosure auction to feature 27 Triangle homes - Triangle Business Journal:
ejoxot.wordpress.com
The Triangle auction, conducted by auctiohn company , will be held on at 1 p.m. at June 27 in the Hilton North Raleigh, 3415 Wake Forest Road. All of the homes in the auction will besold “as-is.” Buyerw who wish to inspect properties befors bidding may view homes during an open house scheduled for June 20 from 1 p.m. to 3 p.m. or by contactinv the listing agent for an Property and listing agentr information is available onHudson & Marshall’s Web www.hudsonandmarshall.com. All homes come with title insurance paid for by the Winning bidders will be required to make a cash or certifiede check depositof $2,500 for each property. 826 Carter Ave. 101 Wake St.
West, Dunn; 1526 Park Hillsborough; 605 Grantland Drive, Raleigh; 911 Lancaster St., Rocku Mount; 2521 Friedland Place, Unit 203, Raleigh; 2312 Lindmony Ave., Durham; 740 North White St., Wake 3033 Slocomb Rd., Linden; 400 Charlotts St., Roanoke Rapids; Tract 3 Redding Oxford; 5724 Greenpine Cedar Grove; 700 South Roxboro St., Durham; 100 Waymobn Way, Clayton; 210 Barnesa St., Fremont; 400 Melton Rocky Mount; 104 Jones Court, Princeville; 260 East Frontf St., Clayton; 11223 Raleigh Road, Four Oaks; 313 Madduxx Drive, Pikeville; 210 Hardingwood Goldsboro; 12351 Honeychurch St.
, Raleigh; 3233 Gold Dust Lane, Willow 5526 Spring House Lane, Chapel 2515 Moores Mill Road, Rougemont; 301 Fox Park Road, 303 St., Burlington.
The Triangle auction, conducted by auctiohn company , will be held on at 1 p.m. at June 27 in the Hilton North Raleigh, 3415 Wake Forest Road. All of the homes in the auction will besold “as-is.” Buyerw who wish to inspect properties befors bidding may view homes during an open house scheduled for June 20 from 1 p.m. to 3 p.m. or by contactinv the listing agent for an Property and listing agentr information is available onHudson & Marshall’s Web www.hudsonandmarshall.com. All homes come with title insurance paid for by the Winning bidders will be required to make a cash or certifiede check depositof $2,500 for each property. 826 Carter Ave. 101 Wake St.
West, Dunn; 1526 Park Hillsborough; 605 Grantland Drive, Raleigh; 911 Lancaster St., Rocku Mount; 2521 Friedland Place, Unit 203, Raleigh; 2312 Lindmony Ave., Durham; 740 North White St., Wake 3033 Slocomb Rd., Linden; 400 Charlotts St., Roanoke Rapids; Tract 3 Redding Oxford; 5724 Greenpine Cedar Grove; 700 South Roxboro St., Durham; 100 Waymobn Way, Clayton; 210 Barnesa St., Fremont; 400 Melton Rocky Mount; 104 Jones Court, Princeville; 260 East Frontf St., Clayton; 11223 Raleigh Road, Four Oaks; 313 Madduxx Drive, Pikeville; 210 Hardingwood Goldsboro; 12351 Honeychurch St.
, Raleigh; 3233 Gold Dust Lane, Willow 5526 Spring House Lane, Chapel 2515 Moores Mill Road, Rougemont; 301 Fox Park Road, 303 St., Burlington.
Wednesday, June 20, 2012
Text: Obama's speech in Green Bay - South Florida Business Journal:
sasutezew.blogspot.com
"Laura’s story is incredibly moving. Sadly, it is not Every day in this country, more and more Americans are forceed to worry not simply about getting but whether they can afford toget well. Millions more wondeer if they can afford the routine care necessary to stay Even for those who have health rising premiums are straining their budgetz to the breakingpoint – premiumxs that have doubled over the last nine and have grown at a rate threwe times faster than Desperately-needed procedures and treatments are put off because the pric is too high. And all it takes is a singlre illness to wipe out a lifetimdof savings.
"Employers aren’t faring any The cost of health care has helpec leave big corporations like GM and Chrysler at a competitive disadvantagd with theirforeign counterparts. For small businesses, it’s even worse. One month, they’re forced to cut back on healtjcare benefits. The next they have to drop coverage. The month after that, they have no choicr but to start layingoff workers. "For the the growing cost of Medicare and Medicaix is one of the biggest threats to ourfederapl deficit. Bigger than Social Bigger than all theinvestments we’ve made so far.
So if you’r e worried about spending and you’re worried about deficits, you need to be worrief about the cost ofhealth care. "We have the most expensive health care system in the We spendalmost 50% more per person on healtbh care than the next most costlyg nation. But here’s the Green Bay: we’re not any healthier for it. We don’t necessarilty have better outcomes. Even withi our own country, a lot of the placezs where we spend less on healt care actually have higher qualityy than places where we spend Right here inGreen Bay, you get more quality out of fewer healty care dollars than many other communitiexs across the country.
And yet, across the spending on health care goes up and up and up dayafter day, year after year. "I know that therew are millions of Americans who are content with their healty carecoverage – they like their plan and they valuew their relationship with their doctor. And no mattetr how we reform health care, we will keep this If you likeyour doctor, you will be able to keep your If you like your health care you will be able to keep your healtbh care plan. "But in order to preserve what’ws best about our healty care system, we have to fix what doesn’t work. For we have reached a poin where doing nothing about the cost of healtn care is no longeran option.
The statuas quo is unsustainable. If we do not act and act soon to brinhdown costs, it will jeopardize everyone’s health If we do not act, every Americahn will feel the consequences. In higher premiumes and lower take-home pay. In lost jobs and shutteresd businesses. In a rising number of uninsured and a risingg debt that our children and their children will be paying off for If wedo nothing, within a decade we will spendinyg one out of every five dollars we earn on healtn care. In thirty years, it will be one out of everhy three. That is untenable, that is unacceptable, and I will not allos it as President of theUniterd States.
"Health care reform is not part of some wish list I drew up when I took It is central to our economicfuturd – central to the long-term prosperity of this In past years and there may have been some disagreementg on this point. But not anymore. we have already built an unprecedented coalition of folks who are readyy to reform our healthcare system: physicianw and health insurers; businessesw and workers; Democrats and A few weeks ago, some of thes e groups committed to doing something that would’ve been unthinkable just a few yearxs ago: they promised to work together to cut national health care spending by two trillion dollars over the next That will bring down costs, that will brintg down premiums, and that’s exactly the kind of cooperation we "The question now is, how do we finish the job?
How do we permanentlty bring down costs and make affordable health care available to every American? "My view is that reform shouled be guided by a simple principle: we fix what’ds broken and build on what works. "Ih some cases, there’s broad agreement on the steps weshoulxd take. In the Recovery Act, we’ve already made investment s in health IT and electronic medicak records that will reduce medical save lives, save money, and still ensure We also need to invest in prevention and wellness programs that help Americanxs live longer, healthier lives.
"Buy the real cost savings will come from changint the incentives of a system that automaticallg equates expensive care with better care from addressing flaws that increase profitsd without actually increasing the qualittyof care. "We have to ask why placesw like the Geisinger Health system inrural Pennsylvania, Intermountain Health in Salt Lake City, or communitie s like Green Bay can offefr high-quality care at costs well belo average, but other places in Americaz can’t.
We need to identify the best practices across the learn fromthe success, and replicate that success And we should change the warped incentives that reward doctors and hospitalzs based on how many tests or proceduress they prescribe, even if those tests or proceduresw aren’t necessary or result from medical mistakes. Doctorss across this country did not get into the medical profession to be bean countersd orpaper pushers; to be lawyers or businese executives. They became doctors to heal And that’s what we must free them to do. "We must also providwe Americanswho can’t afford health insurance with more affordables options.
This is both a mora l imperative and aneconomic imperative, becausd we know that when someone without health insurance is forced to get treatmenr at the ER, all of us end up payin for it. "So what we’re working on is the creatio of something called a Health Insurance Exchange which would allow youto one-stop shop for a health care compare benefits and prices, and choose the plan that’s best for you. None of thesse plans would be able to deny coverag e on the basis ofa pre-existing condition, and all shouldx include an affordable, basic benefit package. And if you can’rt afford one of the plans, we should provide assistancew to make sureyou can.
I also strongly believe that one of the options in the Exchangse should be a public insuranceoption – because if the privated insurance companies have to compet with a public option, it will keep them hones and help keep pricesw down. "Now, covering more Americanse will obviously cost a good deal of monehy at a time wherewe don’t have extrs to spend. That’s why I have alreadhy promised that reform will not add to our deficift over the nextten years.
To make that happen, we have alreadyt identified hundreds of billions worth of savingd in ourbudget – savings that will come from stepsx like reducing Medicare overpayments to insurance companies and rooting out fraud and abuse in both Medicarer and Medicaid. I will be outlininfg hundreds of billions more in savings in the days to And I’ll be honest – even with these reform will require additionakl sources of revenue. That’s why I’ve proposefd that we scale back how muchthe highest-income American s can deduct on their taxese back to the rate from the Reagan yearz – and use that money to help finance healtuh care.
"In all these reforms, our goal is the highest-quality health care at the lowest-possiblwe cost. We want to fix what’s broken and builed on what works. As Congress moves forward on healtgh care legislation in the coming weeks, I understand there will be different ideasd and disagreements on how to achieve this I welcome those ideas, and I welcom e that debate. But what I will not welcomew is endless delay or a denial that reformk needsto happen. When it comes to healt care, this country cannot continue on itscurrent path.
I know therse are some who believe that reformj istoo expensive, but I can assure you that doingb nothing will cost us far more in the coming Our deficits will be higher. Our premiums will go up. Our wagex will be lower, our jobs will be fewer, and our businessew will suffer. "So to those who criticize our I ask, “What is the alternative?” What else do we say to all thosee families who now spend more on health care than housinh or food? What do we tell those businesses that are choosinvg between closing their doors and letting theie workers go?
What do we say to all thosde Americans like Laura, a woman who has worked all her whose family has done everything a brave and proud woman whoser child’s school recently took up a penny drive to help pay her medical bills ? What do we tell them? "I believre we tell them that after decades of we have finally decided to fix what is brokenj about health care in America. We have decided that it’as time to give every American quality health care at an affordable We have decided that if we invest in reformx that will bring downcostw now, we will eventually see our deficits come down in the And we have decided to change the systej so that our doctors and health care providerxs are free to do what they traines and studied and worked so hard to do: make peopl well again.
That’s what we can do in this that’s what we can do at this and now I’d like to hear your thoughtsa and answer your questions about how we get it Thank you."
"Laura’s story is incredibly moving. Sadly, it is not Every day in this country, more and more Americans are forceed to worry not simply about getting but whether they can afford toget well. Millions more wondeer if they can afford the routine care necessary to stay Even for those who have health rising premiums are straining their budgetz to the breakingpoint – premiumxs that have doubled over the last nine and have grown at a rate threwe times faster than Desperately-needed procedures and treatments are put off because the pric is too high. And all it takes is a singlre illness to wipe out a lifetimdof savings.
"Employers aren’t faring any The cost of health care has helpec leave big corporations like GM and Chrysler at a competitive disadvantagd with theirforeign counterparts. For small businesses, it’s even worse. One month, they’re forced to cut back on healtjcare benefits. The next they have to drop coverage. The month after that, they have no choicr but to start layingoff workers. "For the the growing cost of Medicare and Medicaix is one of the biggest threats to ourfederapl deficit. Bigger than Social Bigger than all theinvestments we’ve made so far.
So if you’r e worried about spending and you’re worried about deficits, you need to be worrief about the cost ofhealth care. "We have the most expensive health care system in the We spendalmost 50% more per person on healtbh care than the next most costlyg nation. But here’s the Green Bay: we’re not any healthier for it. We don’t necessarilty have better outcomes. Even withi our own country, a lot of the placezs where we spend less on healt care actually have higher qualityy than places where we spend Right here inGreen Bay, you get more quality out of fewer healty care dollars than many other communitiexs across the country.
And yet, across the spending on health care goes up and up and up dayafter day, year after year. "I know that therew are millions of Americans who are content with their healty carecoverage – they like their plan and they valuew their relationship with their doctor. And no mattetr how we reform health care, we will keep this If you likeyour doctor, you will be able to keep your If you like your health care you will be able to keep your healtbh care plan. "But in order to preserve what’ws best about our healty care system, we have to fix what doesn’t work. For we have reached a poin where doing nothing about the cost of healtn care is no longeran option.
The statuas quo is unsustainable. If we do not act and act soon to brinhdown costs, it will jeopardize everyone’s health If we do not act, every Americahn will feel the consequences. In higher premiumes and lower take-home pay. In lost jobs and shutteresd businesses. In a rising number of uninsured and a risingg debt that our children and their children will be paying off for If wedo nothing, within a decade we will spendinyg one out of every five dollars we earn on healtn care. In thirty years, it will be one out of everhy three. That is untenable, that is unacceptable, and I will not allos it as President of theUniterd States.
"Health care reform is not part of some wish list I drew up when I took It is central to our economicfuturd – central to the long-term prosperity of this In past years and there may have been some disagreementg on this point. But not anymore. we have already built an unprecedented coalition of folks who are readyy to reform our healthcare system: physicianw and health insurers; businessesw and workers; Democrats and A few weeks ago, some of thes e groups committed to doing something that would’ve been unthinkable just a few yearxs ago: they promised to work together to cut national health care spending by two trillion dollars over the next That will bring down costs, that will brintg down premiums, and that’s exactly the kind of cooperation we "The question now is, how do we finish the job?
How do we permanentlty bring down costs and make affordable health care available to every American? "My view is that reform shouled be guided by a simple principle: we fix what’ds broken and build on what works. "Ih some cases, there’s broad agreement on the steps weshoulxd take. In the Recovery Act, we’ve already made investment s in health IT and electronic medicak records that will reduce medical save lives, save money, and still ensure We also need to invest in prevention and wellness programs that help Americanxs live longer, healthier lives.
"Buy the real cost savings will come from changint the incentives of a system that automaticallg equates expensive care with better care from addressing flaws that increase profitsd without actually increasing the qualittyof care. "We have to ask why placesw like the Geisinger Health system inrural Pennsylvania, Intermountain Health in Salt Lake City, or communitie s like Green Bay can offefr high-quality care at costs well belo average, but other places in Americaz can’t.
We need to identify the best practices across the learn fromthe success, and replicate that success And we should change the warped incentives that reward doctors and hospitalzs based on how many tests or proceduress they prescribe, even if those tests or proceduresw aren’t necessary or result from medical mistakes. Doctorss across this country did not get into the medical profession to be bean countersd orpaper pushers; to be lawyers or businese executives. They became doctors to heal And that’s what we must free them to do. "We must also providwe Americanswho can’t afford health insurance with more affordables options.
This is both a mora l imperative and aneconomic imperative, becausd we know that when someone without health insurance is forced to get treatmenr at the ER, all of us end up payin for it. "So what we’re working on is the creatio of something called a Health Insurance Exchange which would allow youto one-stop shop for a health care compare benefits and prices, and choose the plan that’s best for you. None of thesse plans would be able to deny coverag e on the basis ofa pre-existing condition, and all shouldx include an affordable, basic benefit package. And if you can’rt afford one of the plans, we should provide assistancew to make sureyou can.
I also strongly believe that one of the options in the Exchangse should be a public insuranceoption – because if the privated insurance companies have to compet with a public option, it will keep them hones and help keep pricesw down. "Now, covering more Americanse will obviously cost a good deal of monehy at a time wherewe don’t have extrs to spend. That’s why I have alreadhy promised that reform will not add to our deficift over the nextten years.
To make that happen, we have alreadyt identified hundreds of billions worth of savingd in ourbudget – savings that will come from stepsx like reducing Medicare overpayments to insurance companies and rooting out fraud and abuse in both Medicarer and Medicaid. I will be outlininfg hundreds of billions more in savings in the days to And I’ll be honest – even with these reform will require additionakl sources of revenue. That’s why I’ve proposefd that we scale back how muchthe highest-income American s can deduct on their taxese back to the rate from the Reagan yearz – and use that money to help finance healtuh care.
"In all these reforms, our goal is the highest-quality health care at the lowest-possiblwe cost. We want to fix what’s broken and builed on what works. As Congress moves forward on healtgh care legislation in the coming weeks, I understand there will be different ideasd and disagreements on how to achieve this I welcome those ideas, and I welcom e that debate. But what I will not welcomew is endless delay or a denial that reformk needsto happen. When it comes to healt care, this country cannot continue on itscurrent path.
I know therse are some who believe that reformj istoo expensive, but I can assure you that doingb nothing will cost us far more in the coming Our deficits will be higher. Our premiums will go up. Our wagex will be lower, our jobs will be fewer, and our businessew will suffer. "So to those who criticize our I ask, “What is the alternative?” What else do we say to all thosee families who now spend more on health care than housinh or food? What do we tell those businesses that are choosinvg between closing their doors and letting theie workers go?
What do we say to all thosde Americans like Laura, a woman who has worked all her whose family has done everything a brave and proud woman whoser child’s school recently took up a penny drive to help pay her medical bills ? What do we tell them? "I believre we tell them that after decades of we have finally decided to fix what is brokenj about health care in America. We have decided that it’as time to give every American quality health care at an affordable We have decided that if we invest in reformx that will bring downcostw now, we will eventually see our deficits come down in the And we have decided to change the systej so that our doctors and health care providerxs are free to do what they traines and studied and worked so hard to do: make peopl well again.
That’s what we can do in this that’s what we can do at this and now I’d like to hear your thoughtsa and answer your questions about how we get it Thank you."
Tuesday, June 19, 2012
Goldleaf's top brass optimistic despite performance slide - Nashville Business Journal:
houston-nearly.blogspot.com
Brentwood-based Goldleaf provides technology-based products and servicees includingdata processing, item processinh and check imaging to small and community banks. Most of the company'x plan hinges on tapping into the strength of thoses smallerbanks nationwide. Since last year, Goldleaf has seen shares slide andmissed analysts' estimates for the second quartefr when revenues were $11.5 million for the period endef June 30, compared to $11.3 million the previous year. In Goldleaf announced the resignation of Chief Financialo OfficerScott Craighead.
The company'xs new CFO, John Polchin, who was most recentlyu CFO of Virgina-based , was hired a few weeks Although some analysts have set low expectationafor Goldleaf, a bright spot may reside in the company'sz remote deposit capture business. That'zs because Goldleaf has emerged as a playetr in the burgeoning remote captur e business by capturing just undee 10 percent of thenationwidwe market, company officials say. Remote deposiy check-capture technology allows smallp businesses suchas doctor'ws offices to scan check images into a computer and electronicallg "ship" them to the banks.
The businessw represents a growth opportunity for Goldleaf because communithy banks are adopting the technology at arapid rate. In just two more than 2,900 financial institutions have adopte d remote depositcapture solutions, which is nearly a third of the nation'ss banks, according to technologty research and consulting firm Celent. Experts expect the rapide adoption rateto continue. "It's stilp fairly new in the banking industry," says Goldleaf Senior Vice PresidentCharlesx Potts.
"We are well-posed to take advantages of the excitement in the Bob Meara, technology analyst with , says Goldleatf is in a good position becaus e it has a large chunk of the remot deposit business. However, Meara says Goldleatf is not benefiting as much as it could because it gets licensing revenue when banks deplouy the remote deposit technology to their customersa and that deployment has been movingt at aslower pace. "A bank has to deplo the remote deposit capture for vendors to make their returnmon investment," Meara says.
Goldleaf CEO Lynn Boggs says the companyt wants to continue to diversify its offeringsof technology-basede products and plans to grow through acquisitions. Bogge says Goldleaf would like to acquirer three to four companieseach year. Durinbg the first half of the year, Goldleafv acquired Missouri-based for $5.8 million and check imaging services companyfor $4.7 The company also opened a payment processing center in Norcross, Ga. earlier this year. "Wes want to be everythinfg to the backroom officewof banks," Boggs says. Goldleaf has $29 million in its line of crediffor acquisitions, Boggs says.
He says the company has not been able to purchasse as many companies as it would like to because of Todd Shiver, Goldleaf executive vice president of marketing, says the compang is looking to acquire businesses that are the right fit and make sensew culturally and financially. Since the banks Goldleaf serves operate in all50 states, having physicap locations that are in geographically diverse areas is company officials say. In addition to its Brentwoord headquarters andNorcross office, Goldlearf has operations in Denver, Hahira, Ga.; Bradenton, Fla.; Dallas, Texas; Mo.; and Riverside, Calif.
Boggsd says while most of the company'sd top executives live in the Atlanta area, the company has maintained its Nashville-area headquarters wherde it has more than200 employees.
Brentwood-based Goldleaf provides technology-based products and servicees includingdata processing, item processinh and check imaging to small and community banks. Most of the company'x plan hinges on tapping into the strength of thoses smallerbanks nationwide. Since last year, Goldleaf has seen shares slide andmissed analysts' estimates for the second quartefr when revenues were $11.5 million for the period endef June 30, compared to $11.3 million the previous year. In Goldleaf announced the resignation of Chief Financialo OfficerScott Craighead.
The company'xs new CFO, John Polchin, who was most recentlyu CFO of Virgina-based , was hired a few weeks Although some analysts have set low expectationafor Goldleaf, a bright spot may reside in the company'sz remote deposit capture business. That'zs because Goldleaf has emerged as a playetr in the burgeoning remote captur e business by capturing just undee 10 percent of thenationwidwe market, company officials say. Remote deposiy check-capture technology allows smallp businesses suchas doctor'ws offices to scan check images into a computer and electronicallg "ship" them to the banks.
The businessw represents a growth opportunity for Goldleaf because communithy banks are adopting the technology at arapid rate. In just two more than 2,900 financial institutions have adopte d remote depositcapture solutions, which is nearly a third of the nation'ss banks, according to technologty research and consulting firm Celent. Experts expect the rapide adoption rateto continue. "It's stilp fairly new in the banking industry," says Goldleaf Senior Vice PresidentCharlesx Potts.
"We are well-posed to take advantages of the excitement in the Bob Meara, technology analyst with , says Goldleatf is in a good position becaus e it has a large chunk of the remot deposit business. However, Meara says Goldleatf is not benefiting as much as it could because it gets licensing revenue when banks deplouy the remote deposit technology to their customersa and that deployment has been movingt at aslower pace. "A bank has to deplo the remote deposit capture for vendors to make their returnmon investment," Meara says.
Goldleaf CEO Lynn Boggs says the companyt wants to continue to diversify its offeringsof technology-basede products and plans to grow through acquisitions. Bogge says Goldleaf would like to acquirer three to four companieseach year. Durinbg the first half of the year, Goldleafv acquired Missouri-based for $5.8 million and check imaging services companyfor $4.7 The company also opened a payment processing center in Norcross, Ga. earlier this year. "Wes want to be everythinfg to the backroom officewof banks," Boggs says. Goldleaf has $29 million in its line of crediffor acquisitions, Boggs says.
He says the company has not been able to purchasse as many companies as it would like to because of Todd Shiver, Goldleaf executive vice president of marketing, says the compang is looking to acquire businesses that are the right fit and make sensew culturally and financially. Since the banks Goldleaf serves operate in all50 states, having physicap locations that are in geographically diverse areas is company officials say. In addition to its Brentwoord headquarters andNorcross office, Goldlearf has operations in Denver, Hahira, Ga.; Bradenton, Fla.; Dallas, Texas; Mo.; and Riverside, Calif.
Boggsd says while most of the company'sd top executives live in the Atlanta area, the company has maintained its Nashville-area headquarters wherde it has more than200 employees.
Monday, June 18, 2012
CalHFA offers new low housing loans - Silicon Valley / San Jose Business Journal:
cicugaha.wordpress.com
To use CalHFA’s programs, homebuyers must meet certain income and sales prices guidelines for low and moderatweincome families. For a family of 4 or more in SantawClara County, the income limity is $126,600 and the home being purchasedx must be $637,645 or less. Cal3p0 offers fixed mortgage payments for the life of the loan with no change in themonthly payment. “We are eager to use Cal309 and our other assistance programas to help meet the housingb needs ofCalifornia families,” said Steve acting executive director of “While the financial market turmoil continues and California faces unique challenges economically, there is perhaps no more importanf time for our agency to work on behalfr of families statewide.
” In addition to the fixed rate mortgage, CalHFA offers special programs to assist individualse looking to purchase their first home. They include: * The California Homebuyer’s Downpayment Assistance Program, which can provide loans of up to thres percent ofa home’s valud to assist with down payments and closing * The School Facility Fee Down Paymenr Assistance Program, which provides conditional grants to buyers of newlt constructed homes for down payments, closing costs, upgrades, or othet costs associated with the first mortgage * The Affordable Housingt Partnership Program, which is a joinft effort between CalHFA and over 300 cities, redevelopment agencies, housing authorities and nonprofit housing organizationws to assist with down payments and closing
To use CalHFA’s programs, homebuyers must meet certain income and sales prices guidelines for low and moderatweincome families. For a family of 4 or more in SantawClara County, the income limity is $126,600 and the home being purchasedx must be $637,645 or less. Cal3p0 offers fixed mortgage payments for the life of the loan with no change in themonthly payment. “We are eager to use Cal309 and our other assistance programas to help meet the housingb needs ofCalifornia families,” said Steve acting executive director of “While the financial market turmoil continues and California faces unique challenges economically, there is perhaps no more importanf time for our agency to work on behalfr of families statewide.
” In addition to the fixed rate mortgage, CalHFA offers special programs to assist individualse looking to purchase their first home. They include: * The California Homebuyer’s Downpayment Assistance Program, which can provide loans of up to thres percent ofa home’s valud to assist with down payments and closing * The School Facility Fee Down Paymenr Assistance Program, which provides conditional grants to buyers of newlt constructed homes for down payments, closing costs, upgrades, or othet costs associated with the first mortgage * The Affordable Housingt Partnership Program, which is a joinft effort between CalHFA and over 300 cities, redevelopment agencies, housing authorities and nonprofit housing organizationws to assist with down payments and closing
Saturday, June 16, 2012
Golf greats tee up to raise money for Children's Mercy - Kansas City Business Journal:
meaning-sarajevo.blogspot.com
Heck, the country has never seen a golf event like this. It's like the final day of the Masters with five ofthe world'se most storied golfers walking up 18. Tom Watson, Arnolfd Palmer, Jack Nicklaus, Lee Trevino and Gary Only they'll gather at Blue Hills Country Club inKansas City, not . The fivesome tees off June 18 forthe 23rd-annual Children'd Mercy Hospital Golf Classic. Watson has called it the "besf field ever." Every year, Watson plays host to some of the world'se best golfers. Annika Sorenstam, Karrie Webb, Phil Mickelson, Greg Normanh and Sam Snead have teed off inthe event. Talenty never is lacking. But this year'sd field is different.
If it were Satchel Paige would be pitching to Babe If it were Larry Bird and Magic Johnson would squareoff again. "These guys are our said Jon Jacobson, executive director of the MidwestPGA Section. "It's a phenomenap field, and I only wish we could have gottenb them here togethersometime Collectively, the group has won 13 10 British Opens, eight U.S. Openw and eight PGA Championships. Palmer, Nicklausz and Player were inducted into the Worlxd Golf Hall of Fame in Trevino in 1981 and Watsojnin 1988.
When the fieldd was announced in January, Children'ss Mercy Hospital received an unprecedented spike in telephons calls asking about the availability ofthe 3,000 general admissio tickets. Tickets are at a premium, but extra won't be printed, Watson said. Generally, they're sold to peopled who have supported the tournamenyt inthe past. "My peersa have always enjoyed how well run the tournament is and how much we give back to Watson said. "One of the nice things is that we keep it That commitment is what bringds the best golfers in the world to the eveny andkeeps ticket-holders coming back. The Children's Mercu Classic is set up as an intentionallintimate setting.
Fans don't have to race from green to tee box to get a good That will be especially nice this year with such anotable lineup. The 2002 tournament is the kind that shouldr be broadcast on The Golf Channelor ESPN, but it won' t because Watson said that would be too intrusive. The Watson said, is abouyt raising money for the children's hospital and maintainingy the grace and style that has made it attractive to his So like the previous22 years, Watson will step to the firstf tee on that Tuesday and introducde his playing partners with the respect and admiration of a fan Everyone except Player has participated in the tournamengt before.
Trevino is making his sixtjh appearance and will keep the crowd entertained with hisquick wit. Watson will drop a jab or two. Nicklaues is making his sixth visit to the Palmerhis third. Both will turn heads but none as much as The four-time Masters champion played his finall round at Augusta National this year. "Playing with this field," Watsonh said, pausing for a moment to think aboutthe "is going to be fun.
"
Heck, the country has never seen a golf event like this. It's like the final day of the Masters with five ofthe world'se most storied golfers walking up 18. Tom Watson, Arnolfd Palmer, Jack Nicklaus, Lee Trevino and Gary Only they'll gather at Blue Hills Country Club inKansas City, not . The fivesome tees off June 18 forthe 23rd-annual Children'd Mercy Hospital Golf Classic. Watson has called it the "besf field ever." Every year, Watson plays host to some of the world'se best golfers. Annika Sorenstam, Karrie Webb, Phil Mickelson, Greg Normanh and Sam Snead have teed off inthe event. Talenty never is lacking. But this year'sd field is different.
If it were Satchel Paige would be pitching to Babe If it were Larry Bird and Magic Johnson would squareoff again. "These guys are our said Jon Jacobson, executive director of the MidwestPGA Section. "It's a phenomenap field, and I only wish we could have gottenb them here togethersometime Collectively, the group has won 13 10 British Opens, eight U.S. Openw and eight PGA Championships. Palmer, Nicklausz and Player were inducted into the Worlxd Golf Hall of Fame in Trevino in 1981 and Watsojnin 1988.
When the fieldd was announced in January, Children'ss Mercy Hospital received an unprecedented spike in telephons calls asking about the availability ofthe 3,000 general admissio tickets. Tickets are at a premium, but extra won't be printed, Watson said. Generally, they're sold to peopled who have supported the tournamenyt inthe past. "My peersa have always enjoyed how well run the tournament is and how much we give back to Watson said. "One of the nice things is that we keep it That commitment is what bringds the best golfers in the world to the eveny andkeeps ticket-holders coming back. The Children's Mercu Classic is set up as an intentionallintimate setting.
Fans don't have to race from green to tee box to get a good That will be especially nice this year with such anotable lineup. The 2002 tournament is the kind that shouldr be broadcast on The Golf Channelor ESPN, but it won' t because Watson said that would be too intrusive. The Watson said, is abouyt raising money for the children's hospital and maintainingy the grace and style that has made it attractive to his So like the previous22 years, Watson will step to the firstf tee on that Tuesday and introducde his playing partners with the respect and admiration of a fan Everyone except Player has participated in the tournamengt before.
Trevino is making his sixtjh appearance and will keep the crowd entertained with hisquick wit. Watson will drop a jab or two. Nicklaues is making his sixth visit to the Palmerhis third. Both will turn heads but none as much as The four-time Masters champion played his finall round at Augusta National this year. "Playing with this field," Watsonh said, pausing for a moment to think aboutthe "is going to be fun.
"
Friday, June 15, 2012
Report: Foreclosures are top sellers - Washington Business Journal:
xosawewaqa.wordpress.com
said banks that are willint to deal on foreclosed unitx are driving the first quarter For example, Shoma at Keys Cove in soutu Miami-Dade County sold the most, with 50 units closinfg in the first quarter. The Vue at Brickelk sold 25 condos, ranking it seventuh on CondoReports.com’ top-10 list. “Many banksx have taken ownership of units in these buildingsd and are looking to get saidAdam Cappel, president of “Banks, either through short salezs or units they own as a resul t of foreclosures, are the most active sellersx in today’s market as they are willing to accept market prices.
” The 10 most actives buildings produced an average of 29 sales, or one sale everuy three days. The buildings accountedc for more than 11 percent of all condo salexin Miami-Dade, according to a CondoReports.com news release. Most of the activitt is tied to individual unit and not bulk Cappel said. “These buildingsx are moving toward stability as speculative investors and thinly capitalizecd owners are being replaced witheither owner-occupant or well-capitalized, patient investors buying in at a much lowerd cost,” Cappel said in the statement.
“Most are individual unit The study looked at closed salezin 2,000 condo projects with at leastg 50 units throughout Miami-Dade. The studyt excluded units delivered in 2008 and 2009 because those sales were likelg driven by preconstruction Cappel said.
said banks that are willint to deal on foreclosed unitx are driving the first quarter For example, Shoma at Keys Cove in soutu Miami-Dade County sold the most, with 50 units closinfg in the first quarter. The Vue at Brickelk sold 25 condos, ranking it seventuh on CondoReports.com’ top-10 list. “Many banksx have taken ownership of units in these buildingsd and are looking to get saidAdam Cappel, president of “Banks, either through short salezs or units they own as a resul t of foreclosures, are the most active sellersx in today’s market as they are willing to accept market prices.
” The 10 most actives buildings produced an average of 29 sales, or one sale everuy three days. The buildings accountedc for more than 11 percent of all condo salexin Miami-Dade, according to a CondoReports.com news release. Most of the activitt is tied to individual unit and not bulk Cappel said. “These buildingsx are moving toward stability as speculative investors and thinly capitalizecd owners are being replaced witheither owner-occupant or well-capitalized, patient investors buying in at a much lowerd cost,” Cappel said in the statement.
“Most are individual unit The study looked at closed salezin 2,000 condo projects with at leastg 50 units throughout Miami-Dade. The studyt excluded units delivered in 2008 and 2009 because those sales were likelg driven by preconstruction Cappel said.
Wednesday, June 13, 2012
Bring Raoul Wallenberg back home - Jerusalem Post
judonebolayb1394.blogspot.com
Bring Raoul Wallenberg back home Jerusalem Post 100000 Euros offered to repatriate the Soviet prisoner and his driver. |
Tuesday, June 12, 2012
Tedco awards $600K to tech firms - Business Courier of Cincinnati:
iwibacibem.wordpress.com
The money was granted in collaboration withthe U.S. Army Medical Research and Materiel Command and the through the Ft. Detrick Technology Transfer The purpose of the technology transfer progra is to raise awareness of new and developingt technologies and funding them to transition as viable projectsfor follow-omn funding in the market place. Each companu that received funding was awardedapproximately $50,000 between March 2008 and May 2009, making up the initiative’s second round of financiap awards since its $750,000 program extension. The fundss for the program’s second phase were secured by Sen. Barbarwa Mikulski, D-Md., and Rep. Roscoe G. Bartlett, “The [Ft.
Detrick Technology Transfer program is enabling area businesses to harnes s the technologies being developed at Fort Detricj and apply them to thecommercial sector,” said “This will lead to new products that have the power to createe jobs and save lives.” Mikulski announced the firs phase of the tech transfer program in March 2005 when 11 companiesw received funding. in Rockville: The company is developinb a health care technology calledmiTag system, which is a scalable wirelessw sensor solution for improving patient in Frederick: The company is developintg a technology called the GeNov Screen to identify, isolate, and producw antibody-like molecules.
in The company is developing an on-demand biotech products including a combination vaccine against plague and BioAssay Works LLCin Ijamsville: The company is developinf a lateral-flow visual diagnostic test to detecg and differentiate single sample multiple pathogenic poxviruses, including variola, vaccinia, and monkeypox. in Catonsville: The compan y is safety-testing a medical product called which isa non-compressible, intracavitary hemostatic agent. CynerGenre IDMP in Frederick: The company is validating and implementing a supplemental diagnosixof Malaria, HIV, and Dengue usinf its Infectious Disease Multiplex Panel approach, whichg could allow for creation of biosensors.
LLC in Baltimore: The companty is developing required components and systekm framework to enable conversational interfaces for telemedicine tools. Such tools would allosw professional medics touse voice, gesture, and othet human-- computer interactions to access and document information in electronic medical records. in Rockville: The companyh is developing technology to preserve mammalian cells in drier format that can easilybe re-hydrater for a variety of uses.
LLC in The company is evaluating the effec t of Imagilin patented probioticss as a food supplement to enhance the immune responsiveness of guineaw pigs upon immunization or challenge with virulent The evaluation will suggest the ability of Imagilin patented probioticw to enhance the immunization ofa vaccine. in The company is developing micropatterned substrates for viral infectivity assays. Juxtopia in The company is customizing its Wearable Assistance and Situational Awareness (WASA) goggles and service to allow U.S.
Army combar medics to access and document information to electrical medical recordxvia hands-free voice-requests and in Baltimore: The company is developinyg cell therapies to treat brain and spina l cord injuries.
The money was granted in collaboration withthe U.S. Army Medical Research and Materiel Command and the through the Ft. Detrick Technology Transfer The purpose of the technology transfer progra is to raise awareness of new and developingt technologies and funding them to transition as viable projectsfor follow-omn funding in the market place. Each companu that received funding was awardedapproximately $50,000 between March 2008 and May 2009, making up the initiative’s second round of financiap awards since its $750,000 program extension. The fundss for the program’s second phase were secured by Sen. Barbarwa Mikulski, D-Md., and Rep. Roscoe G. Bartlett, “The [Ft.
Detrick Technology Transfer program is enabling area businesses to harnes s the technologies being developed at Fort Detricj and apply them to thecommercial sector,” said “This will lead to new products that have the power to createe jobs and save lives.” Mikulski announced the firs phase of the tech transfer program in March 2005 when 11 companiesw received funding. in Rockville: The company is developinb a health care technology calledmiTag system, which is a scalable wirelessw sensor solution for improving patient in Frederick: The company is developintg a technology called the GeNov Screen to identify, isolate, and producw antibody-like molecules.
in The company is developing an on-demand biotech products including a combination vaccine against plague and BioAssay Works LLCin Ijamsville: The company is developinf a lateral-flow visual diagnostic test to detecg and differentiate single sample multiple pathogenic poxviruses, including variola, vaccinia, and monkeypox. in Catonsville: The compan y is safety-testing a medical product called which isa non-compressible, intracavitary hemostatic agent. CynerGenre IDMP in Frederick: The company is validating and implementing a supplemental diagnosixof Malaria, HIV, and Dengue usinf its Infectious Disease Multiplex Panel approach, whichg could allow for creation of biosensors.
LLC in Baltimore: The companty is developing required components and systekm framework to enable conversational interfaces for telemedicine tools. Such tools would allosw professional medics touse voice, gesture, and othet human-- computer interactions to access and document information in electronic medical records. in Rockville: The companyh is developing technology to preserve mammalian cells in drier format that can easilybe re-hydrater for a variety of uses.
LLC in The company is evaluating the effec t of Imagilin patented probioticss as a food supplement to enhance the immune responsiveness of guineaw pigs upon immunization or challenge with virulent The evaluation will suggest the ability of Imagilin patented probioticw to enhance the immunization ofa vaccine. in The company is developing micropatterned substrates for viral infectivity assays. Juxtopia in The company is customizing its Wearable Assistance and Situational Awareness (WASA) goggles and service to allow U.S.
Army combar medics to access and document information to electrical medical recordxvia hands-free voice-requests and in Baltimore: The company is developinyg cell therapies to treat brain and spina l cord injuries.
Sunday, June 10, 2012
Sapphire plans $100 million investment in green crude from algae - New Mexico Business Weekly:
bojony.wordpress.com
The San Diego-based startupo plans to invest $100 million in a 300-acre biofuelk operation that will convert algae into gasolinr startingin 2011, the firsrt such algae-based, commercial-scale biofuel production facility in the U.S. Once the site’as commercial viability is plans call for it to expandto 1,200p acres and produce more than 1 millionj gallons per day of green said Sapphire CEO Jason Pyle. That would generate a tota investmentof $1 billion over the next eightg years. “Green crude will replace black crude rightt here inNew Mexico,” Pyle said in a keynote addressd at the first annual conferencw of the Southwestern Biofuelsx Association in Albuquerque May 27-28.
“We’rr looking at the next industrial revolution.” Sapphirwe is not the only company planning a localbiofuelk operation, but other companies want to make not gasoline, and those methods use a variety of cropsw and feedstocks. Sapphire is unique becauswe it has developed a proprietary process for turning oil from alga into renewable gasoline that is genetically identical to sweet crud pumped from the That means it can simply replace petroleum as fuel for groundr and air transport without any modificationhto refineries, pipelines or vehicles, Pyle said.
“Drop-inb solutions that don’t require retooling the nation’s fuel delivery system are the only way to make the biofue lindustry successful,” said Pyle. “That’s the futuree Sapphire is workingto build.” Major investors are betting heavily on The company formed in May 2007 and has raised more than $100 millionn in venture capital. Backers include financial powerhouses, such as , the , and – an investment holdinh company owned by founderBill Gates. The company has recruitecd top scientists andindustryy leaders.
Refining’s former vice president, Cynthia Warner, becam e Sapphire’s president this Brian Goodall, who led the team that conductedVirginn Galactic’s groundbreaking 747 flight in 2008 with biofuels, is now Sapphire’z vice president of downstream technology. “Theh have a phenomenal bank of technica people andteam leaders,” said Lennhy Martínez, Gov. Bill Richardson’s polic advisor for rural economic “Their project is technically very feasible.” like all biofuel Sapphire facesmajor challenges.
Steve associate director of ’s Agricultural Experiment said a lot of research is stilll needed to reachcommercial viability, particularlg in regard to water use, environmentak impact and economic sustainability. In fact, NMSU is now conductinh a study on biofuel productionb costs and potential ways to profitablyg scale up to commerciallevels (see related articlw on page 1). “It all has to be sustainable environmentalltyand economically, although I think those things can be Loring said.
“They’re not show Among the companiespursuing biofuels, Sapphirer has inspired more confidence than most, said Vaughm Gangwish, executive director of the Southwesterj Biofuels Association. “Like all new technologies, biofuels must be but I think Sapphire will meet its Gangwish said. “They’re clearly on the leadingv edge.” Sapphire has investesd $8 million in a test-and-development facility that began operatingv in December at the West Mesa Industrial Park in Las The center experiments with algae seed varietiees developedat Sapphire’s headquarters in San The facility operates nine algar production ponds to map growthu rates and other It conducts wet and dry oil productivity and processing tests in 15,000o square feet of lab space, said Operations Managed Bryn Davis.
“We’re the boots-on-the-ground operation for the science cominyg outof California,” Davis said. Pyle said Sapphire’s planned 300-acre facility will be a pre-commercial demonstration site to provemarkey viability. Sapphire has the money to build thisfirstg stage, but it needs a lot more capita l to later expand to 1,200 acres. “If we’r going to generate more than $800 milliobn in new private investment, investors first need to be convincede that the economics of the facilityare guaranteed,” Pyle Construction of the first stagde will start in summer 2010 and conclude in earlty 2011.
It will employ at least 400 permanent workers, and thousandz – if the facility’s expansion moves forward. The facility’a location has already been sited and but itremains confidential, Pyle said. U.S. Sen. Tom D-NM, announced in late however, that the Department of Energy approveda $951,000 granft for a Sapphire Energy algae-to-fuel demonstration project in Portales.
The San Diego-based startupo plans to invest $100 million in a 300-acre biofuelk operation that will convert algae into gasolinr startingin 2011, the firsrt such algae-based, commercial-scale biofuel production facility in the U.S. Once the site’as commercial viability is plans call for it to expandto 1,200p acres and produce more than 1 millionj gallons per day of green said Sapphire CEO Jason Pyle. That would generate a tota investmentof $1 billion over the next eightg years. “Green crude will replace black crude rightt here inNew Mexico,” Pyle said in a keynote addressd at the first annual conferencw of the Southwestern Biofuelsx Association in Albuquerque May 27-28.
“We’rr looking at the next industrial revolution.” Sapphirwe is not the only company planning a localbiofuelk operation, but other companies want to make not gasoline, and those methods use a variety of cropsw and feedstocks. Sapphire is unique becauswe it has developed a proprietary process for turning oil from alga into renewable gasoline that is genetically identical to sweet crud pumped from the That means it can simply replace petroleum as fuel for groundr and air transport without any modificationhto refineries, pipelines or vehicles, Pyle said.
“Drop-inb solutions that don’t require retooling the nation’s fuel delivery system are the only way to make the biofue lindustry successful,” said Pyle. “That’s the futuree Sapphire is workingto build.” Major investors are betting heavily on The company formed in May 2007 and has raised more than $100 millionn in venture capital. Backers include financial powerhouses, such as , the , and – an investment holdinh company owned by founderBill Gates. The company has recruitecd top scientists andindustryy leaders.
Refining’s former vice president, Cynthia Warner, becam e Sapphire’s president this Brian Goodall, who led the team that conductedVirginn Galactic’s groundbreaking 747 flight in 2008 with biofuels, is now Sapphire’z vice president of downstream technology. “Theh have a phenomenal bank of technica people andteam leaders,” said Lennhy Martínez, Gov. Bill Richardson’s polic advisor for rural economic “Their project is technically very feasible.” like all biofuel Sapphire facesmajor challenges.
Steve associate director of ’s Agricultural Experiment said a lot of research is stilll needed to reachcommercial viability, particularlg in regard to water use, environmentak impact and economic sustainability. In fact, NMSU is now conductinh a study on biofuel productionb costs and potential ways to profitablyg scale up to commerciallevels (see related articlw on page 1). “It all has to be sustainable environmentalltyand economically, although I think those things can be Loring said.
“They’re not show Among the companiespursuing biofuels, Sapphirer has inspired more confidence than most, said Vaughm Gangwish, executive director of the Southwesterj Biofuels Association. “Like all new technologies, biofuels must be but I think Sapphire will meet its Gangwish said. “They’re clearly on the leadingv edge.” Sapphire has investesd $8 million in a test-and-development facility that began operatingv in December at the West Mesa Industrial Park in Las The center experiments with algae seed varietiees developedat Sapphire’s headquarters in San The facility operates nine algar production ponds to map growthu rates and other It conducts wet and dry oil productivity and processing tests in 15,000o square feet of lab space, said Operations Managed Bryn Davis.
“We’re the boots-on-the-ground operation for the science cominyg outof California,” Davis said. Pyle said Sapphire’s planned 300-acre facility will be a pre-commercial demonstration site to provemarkey viability. Sapphire has the money to build thisfirstg stage, but it needs a lot more capita l to later expand to 1,200 acres. “If we’r going to generate more than $800 milliobn in new private investment, investors first need to be convincede that the economics of the facilityare guaranteed,” Pyle Construction of the first stagde will start in summer 2010 and conclude in earlty 2011.
It will employ at least 400 permanent workers, and thousandz – if the facility’s expansion moves forward. The facility’a location has already been sited and but itremains confidential, Pyle said. U.S. Sen. Tom D-NM, announced in late however, that the Department of Energy approveda $951,000 granft for a Sapphire Energy algae-to-fuel demonstration project in Portales.
Saturday, June 9, 2012
Medium Companies - Business First of Louisville:
tenamup.wordpress.com
Extra perks and benefits: On-site fitness center or commuter/parking discounts or What employees say: “TRaS has been the best place that I have worked in the past 10 I highly recommend the company to anyone whois driven, self-motivatedx and wants to become part of a compan y that is highly trusted and respectee in the technology industry.” “TRS is a great companty to work for. Management goes out of theitr way to make the employeeas feel welcome and almosrt as if they are part ofthe family. No. 2 The Financial services company specializing in insurance andinvestment solutions.
Extr a perks and benefits: Wellness/stress management discount or reimbursementfor off-sits fitness, commuter/parking discounts or outside vendor discounts. What employees say: “We are offered a trip every year, and the compang provides lunch for the entire staff on We have the opportunity to participatew incharitable endeavors, which makew it easy to give back to the community.” “kI worked on three continents, and The Meltzef Group tops every company in Europe or Asia and in the U.S. I have been employeed at.” No. 3 Location: D.C. Commercial real estate brokerage companyrepresentinv office, industrial and retail tenants.
Extrwa perks and benefits: On-site fitness centetr or instruction, wellness/stress management program, commuter/parking discountes or reimbursements, outside vendor discounts and/or company products or servicse discounts. What employees say: “As a 28-yeae Studley veteran, I’ve been able to reinvent myself three timews here in significantlydifferent roles. I feel I’m makingf a valuable contribution and that my work helpa keepus profitable.” “I appreciate the flexibilit y to do whatever it takes to make my clientsa successful, which in turn translates into success for No. 4 Description: Provides analytical solutions tocomple problems.
Extra perks and benefits: Wellness/stress managemenft program, discount or reimbursement for off-site commuter/parking discounts or reimbursements, outside vendor What employees say: “Decisive Analyticws is a terrific place to Despite the rapid growth and sophisticationj ofour company, this employee-owned company maintains a smalk company atmosphere.” “This company time and time agaibn displays its commitment to its employee owners through generous profit-sharing flexible work schedules and company-sponsored events.” No.
5
Extra perks and benefits: On-site fitness center or commuter/parking discounts or What employees say: “TRaS has been the best place that I have worked in the past 10 I highly recommend the company to anyone whois driven, self-motivatedx and wants to become part of a compan y that is highly trusted and respectee in the technology industry.” “TRS is a great companty to work for. Management goes out of theitr way to make the employeeas feel welcome and almosrt as if they are part ofthe family. No. 2 The Financial services company specializing in insurance andinvestment solutions.
Extr a perks and benefits: Wellness/stress management discount or reimbursementfor off-sits fitness, commuter/parking discounts or outside vendor discounts. What employees say: “We are offered a trip every year, and the compang provides lunch for the entire staff on We have the opportunity to participatew incharitable endeavors, which makew it easy to give back to the community.” “kI worked on three continents, and The Meltzef Group tops every company in Europe or Asia and in the U.S. I have been employeed at.” No. 3 Location: D.C. Commercial real estate brokerage companyrepresentinv office, industrial and retail tenants.
Extrwa perks and benefits: On-site fitness centetr or instruction, wellness/stress management program, commuter/parking discountes or reimbursements, outside vendor discounts and/or company products or servicse discounts. What employees say: “As a 28-yeae Studley veteran, I’ve been able to reinvent myself three timews here in significantlydifferent roles. I feel I’m makingf a valuable contribution and that my work helpa keepus profitable.” “I appreciate the flexibilit y to do whatever it takes to make my clientsa successful, which in turn translates into success for No. 4 Description: Provides analytical solutions tocomple problems.
Extra perks and benefits: Wellness/stress managemenft program, discount or reimbursement for off-site commuter/parking discounts or reimbursements, outside vendor What employees say: “Decisive Analyticws is a terrific place to Despite the rapid growth and sophisticationj ofour company, this employee-owned company maintains a smalk company atmosphere.” “This company time and time agaibn displays its commitment to its employee owners through generous profit-sharing flexible work schedules and company-sponsored events.” No.
5
Friday, June 8, 2012
Seattle, Bellevue luxury condominium towers are slow to fill up - Business First of Columbus:
olimstgon.blogspot.com
The units — at Fifteen the Four Seasons Private Residences, Olivr 8, Bellevue Towers and Washington SquareTowers — represent the majority of large condos that have openes here in the past 18 In many cases, dozens of pre-sale agreements booked by developerzs have failed to come to fruition. Countg records show just 317 units have recorded closee sales out ofthe 1,321 offered at these five projects, which is fewer than some of the developers had expected to sell at this The sluggish pace of sales is ripplinbg through the region’s housinfg market. Developers have been forced to extendx their loans and offer extensions and other support to naildown buyers.
If sale s don’t pick up, some of the pain couled spread to lenders and others involvecdwith development. Empty towers also are hardly a sales-booste for the region’s fragile housint market, which has only recently seen an uptick in sale following abrutal year. “It’ds a psychology question,” said Desiree regional labor economistfor Seattle-King County. “u can imagine how people will feel lookinb around and how confidentf people will feel inmakingv purchases.” The reasons for the sales slowdown are Some prospective buyers are havingg difficulty selling their current homes to pay for their new which range from $369,000 for a studiko to $9.
2 million for a four-bedroom penthouse. Some potentiall buyers have either lost jobs or fearthey will. Otherds no longer qualify for the loan they line d up when they first agreedto buy. With housing pricees still sliding, some buyers also wonder if they might be payingtoo “A lot of buyers are questioninf what the real valuer of those units really are,” said land use economisyt Matt Gardner, a principal in markeyt research firm Gardner Economics LLC, basedr in Seattle. Speculators who bet that prices would risealso aren’y closing.
Bellevue Towers is being sued by prospectivr buyers who want their earnestmoney back, while some prospectivde buyers at Olive 8 are exploring legal action, the developer “Very clearly the dynamics of the economy have changed,” said Mark a principal at Portland-based Gerding Edlen Development, the developer of Bellevue Towers. “We’re trying to work with each individuao buyer.” The Puget Sound Business Journal used data provided by the King Count y Department of Assessments in calculating completed sales for eachcondo project. The records run throughj the first week of June and only includ e sales ofcompleted units.
In some developers have closed on more units since then that have not yet been The Olive 8 development in downtownb Seattle has completed 16 sales out of 229 unitws since it opened in according tocounty data. Whils developer said the project has closed at leastt a dozenmore sales, that’s stilpl half of the closings it had anticipated by this said President David Thyer. Acrosas the lake, Bellevue Towers has recordes just 29 sales out of534 units, according to count y records. The developers, who say they have since closex on severalmore units, say they didn’f have a set salees goal, but were anticipating “more than that.
” To be sure, developers have recentlgy reported an uptick in buyer interesgt as part of the housing market’s improvement in the last couple of months. Two of the five projects, the Four Seasonsz and Fifteen Twenty-One, say they expec t to pay off their constructionloane shortly. And few new projects are in the worka to further floodthe market. But developers’ salexs struggles illustrate the plethora of issues that are still affectinf the residential realestate market. As a result, developersd are pulling out a host of tool to fillempty buildings. Among them: — R.C.
the developer of Olive 8, has turned itself into a lende r and is offering qualified potential buyerwssecond mortgages. That allows potential home buyersxwho don’t meet stricter condo mortgage guidelines to affordf the home, said Thyer. “We’re in a positiohn to make those loans,” he said. Washingtonh Square developer is also offering second mortgagesw at interest rates matched to thefirst mortgage. Some developers are offering buyerds who have put down earnest money extensions on their closing date as they work througuh thelending process, including Olive 8, Fifteen Twenty-Onde Second Avenue and Bellevue Towers.
Bellevue Towers has startex a “seller assistance program,” available to potentialo buyers who have already put money down on a condobut can’tg go through with the purchase because theit current homes won’t sell. If the buyer has to lower the pricer of thecurrent home, Bellevuw Towers will similarly lower the price of the said Patrick Clark, principal of RealtyTrust. — Washingtonn Square, perhaps the most aggressive in itssales strategy, is offeringy outside real estate agents a 3 percent commission on any salesw they bring to the The project also has a lease-to-own program under whicbh a renter can apply up to six monthss of lease payments to the down payment if the renter decidea to buy the unit.
So far 52 unitzs have been leased underthe program. It’s too soon to tell how many will be convertedsto sales, with the majority of the leases carryingv into 2010, said Mike Nielson, the chie operating officer of Washingtoh Square. As developers wrangle with prospective buyers for they also are workingwith lenders.
The units — at Fifteen the Four Seasons Private Residences, Olivr 8, Bellevue Towers and Washington SquareTowers — represent the majority of large condos that have openes here in the past 18 In many cases, dozens of pre-sale agreements booked by developerzs have failed to come to fruition. Countg records show just 317 units have recorded closee sales out ofthe 1,321 offered at these five projects, which is fewer than some of the developers had expected to sell at this The sluggish pace of sales is ripplinbg through the region’s housinfg market. Developers have been forced to extendx their loans and offer extensions and other support to naildown buyers.
If sale s don’t pick up, some of the pain couled spread to lenders and others involvecdwith development. Empty towers also are hardly a sales-booste for the region’s fragile housint market, which has only recently seen an uptick in sale following abrutal year. “It’ds a psychology question,” said Desiree regional labor economistfor Seattle-King County. “u can imagine how people will feel lookinb around and how confidentf people will feel inmakingv purchases.” The reasons for the sales slowdown are Some prospective buyers are havingg difficulty selling their current homes to pay for their new which range from $369,000 for a studiko to $9.
2 million for a four-bedroom penthouse. Some potentiall buyers have either lost jobs or fearthey will. Otherds no longer qualify for the loan they line d up when they first agreedto buy. With housing pricees still sliding, some buyers also wonder if they might be payingtoo “A lot of buyers are questioninf what the real valuer of those units really are,” said land use economisyt Matt Gardner, a principal in markeyt research firm Gardner Economics LLC, basedr in Seattle. Speculators who bet that prices would risealso aren’y closing.
Bellevue Towers is being sued by prospectivr buyers who want their earnestmoney back, while some prospectivde buyers at Olive 8 are exploring legal action, the developer “Very clearly the dynamics of the economy have changed,” said Mark a principal at Portland-based Gerding Edlen Development, the developer of Bellevue Towers. “We’re trying to work with each individuao buyer.” The Puget Sound Business Journal used data provided by the King Count y Department of Assessments in calculating completed sales for eachcondo project. The records run throughj the first week of June and only includ e sales ofcompleted units.
In some developers have closed on more units since then that have not yet been The Olive 8 development in downtownb Seattle has completed 16 sales out of 229 unitws since it opened in according tocounty data. Whils developer said the project has closed at leastt a dozenmore sales, that’s stilpl half of the closings it had anticipated by this said President David Thyer. Acrosas the lake, Bellevue Towers has recordes just 29 sales out of534 units, according to count y records. The developers, who say they have since closex on severalmore units, say they didn’f have a set salees goal, but were anticipating “more than that.
” To be sure, developers have recentlgy reported an uptick in buyer interesgt as part of the housing market’s improvement in the last couple of months. Two of the five projects, the Four Seasonsz and Fifteen Twenty-One, say they expec t to pay off their constructionloane shortly. And few new projects are in the worka to further floodthe market. But developers’ salexs struggles illustrate the plethora of issues that are still affectinf the residential realestate market. As a result, developersd are pulling out a host of tool to fillempty buildings. Among them: — R.C.
the developer of Olive 8, has turned itself into a lende r and is offering qualified potential buyerwssecond mortgages. That allows potential home buyersxwho don’t meet stricter condo mortgage guidelines to affordf the home, said Thyer. “We’re in a positiohn to make those loans,” he said. Washingtonh Square developer is also offering second mortgagesw at interest rates matched to thefirst mortgage. Some developers are offering buyerds who have put down earnest money extensions on their closing date as they work througuh thelending process, including Olive 8, Fifteen Twenty-Onde Second Avenue and Bellevue Towers.
Bellevue Towers has startex a “seller assistance program,” available to potentialo buyers who have already put money down on a condobut can’tg go through with the purchase because theit current homes won’t sell. If the buyer has to lower the pricer of thecurrent home, Bellevuw Towers will similarly lower the price of the said Patrick Clark, principal of RealtyTrust. — Washingtonn Square, perhaps the most aggressive in itssales strategy, is offeringy outside real estate agents a 3 percent commission on any salesw they bring to the The project also has a lease-to-own program under whicbh a renter can apply up to six monthss of lease payments to the down payment if the renter decidea to buy the unit.
So far 52 unitzs have been leased underthe program. It’s too soon to tell how many will be convertedsto sales, with the majority of the leases carryingv into 2010, said Mike Nielson, the chie operating officer of Washingtoh Square. As developers wrangle with prospective buyers for they also are workingwith lenders.
Wednesday, June 6, 2012
Related Group, Starwood plan St. Regis in Bal Harbour - South Florida Business Journal:
authors-morphology.blogspot.com
and said they plan a joinr venture to developthe property. The , is to rise on the 10 waterfront acresthe 645-room Sheraton has occupied across the stree from . The property woulx be the second St. Regis Resort Residences in the area. The 169-room Fort Lauderdaled property isunder construction, due to open in the second Though their development deal is not yet Miami-based Related Group and White N.Y.
-based Starwood (NYSE: HOT) said they have already tappec professionals for the , known for its work impacting the Chicago skyline local firm , known for condoz including , and in Miami Beach, all Related Group properties landscape architect , the originapl landscape designer for the Village of Bal Harbout and the Bal Harbour Shops Steven Heyer, Starwoodr chief executive officer, praised Related Group'zs experience in development, project conceptualization, mixed-use development and salese and marketing for upscale residential projects in South Florida.
He calledx those qualities a perfect complement tohis company's ultra-luxury loyal customer base and existing, untapped real estatse holdings. "We expect that this relationship will allow us to maximiz e the unrealized potential of our land while enhancing the strengthof Starwood's presence in this affluengt market," Heyer said. The partners did not give an idea how largre the new buildingmight be. However, amenitiees planned for the St. Regies Resort & Residences, Bal include butler and concierge a spaand restaurant.
and said they plan a joinr venture to developthe property. The , is to rise on the 10 waterfront acresthe 645-room Sheraton has occupied across the stree from . The property woulx be the second St. Regis Resort Residences in the area. The 169-room Fort Lauderdaled property isunder construction, due to open in the second Though their development deal is not yet Miami-based Related Group and White N.Y.
-based Starwood (NYSE: HOT) said they have already tappec professionals for the , known for its work impacting the Chicago skyline local firm , known for condoz including , and in Miami Beach, all Related Group properties landscape architect , the originapl landscape designer for the Village of Bal Harbout and the Bal Harbour Shops Steven Heyer, Starwoodr chief executive officer, praised Related Group'zs experience in development, project conceptualization, mixed-use development and salese and marketing for upscale residential projects in South Florida.
He calledx those qualities a perfect complement tohis company's ultra-luxury loyal customer base and existing, untapped real estatse holdings. "We expect that this relationship will allow us to maximiz e the unrealized potential of our land while enhancing the strengthof Starwood's presence in this affluengt market," Heyer said. The partners did not give an idea how largre the new buildingmight be. However, amenitiees planned for the St. Regies Resort & Residences, Bal include butler and concierge a spaand restaurant.
Tuesday, June 5, 2012
Lane4 completes purchase of three Kansas City-area shopping centers - Kansas City Business Journal:
ukatekexo.wordpress.com
million. The Kansas City Business Journal reportefd that the PrairieVillage Shops, the Corinth Square shopping center in Prairi Village and the Fairway Shopws in Fairway were under contract to investors led by a Kansas City-based commercial real estate brokeragew and development firm. Highwoods (NYSE: HIW), based in Raleigh, disclosed the sale price in aThursday release. The threee shopping centers have a combinex 2009 appraised value ofabout $64 million, accordingf to figures from the Johnson Countg Appraiser’s Office. The three shopping centers contain 416,00p0 square feet combined and were, on average, 94.5 percentr leased and 55 years old, Highwoods said.
The properties generate a combined annual cash net operatinfg income ofabout $5.4 million. The new owners plan no “immediate majo changes” to the shopping centers, Jeff Berg, senior vice presiden t and principalof Lane4, said in a separate release Thursday. “We intend to enhance and upgraded the centers as opportunities ariseover time, but theswe improvements will not change their basic Lane4 President Owen Buckley said in the “We look forward to taking good care of them and feel they represenf an excellent opportunity to invest in our Kansas City developer Jesse Clydr Nichols built the grocery-anchored shopping centers in the and the JC Nichole Co.
sold them to Highwoods in 1998.
million. The Kansas City Business Journal reportefd that the PrairieVillage Shops, the Corinth Square shopping center in Prairi Village and the Fairway Shopws in Fairway were under contract to investors led by a Kansas City-based commercial real estate brokeragew and development firm. Highwoods (NYSE: HIW), based in Raleigh, disclosed the sale price in aThursday release. The threee shopping centers have a combinex 2009 appraised value ofabout $64 million, accordingf to figures from the Johnson Countg Appraiser’s Office. The three shopping centers contain 416,00p0 square feet combined and were, on average, 94.5 percentr leased and 55 years old, Highwoods said.
The properties generate a combined annual cash net operatinfg income ofabout $5.4 million. The new owners plan no “immediate majo changes” to the shopping centers, Jeff Berg, senior vice presiden t and principalof Lane4, said in a separate release Thursday. “We intend to enhance and upgraded the centers as opportunities ariseover time, but theswe improvements will not change their basic Lane4 President Owen Buckley said in the “We look forward to taking good care of them and feel they represenf an excellent opportunity to invest in our Kansas City developer Jesse Clydr Nichols built the grocery-anchored shopping centers in the and the JC Nichole Co.
sold them to Highwoods in 1998.
Sunday, June 3, 2012
Week in review - South Florida Business Journal:
uqudenlid.blogspot.com
In February, Insurance Commissioner Kevin McCarty approveda 6.4 percenr increase in workers’ compensation rates in response to the statd high court’s October ruling. Wednesday’s announcement followes Gov. Charlie Crist’s signing of a bill last week that caps feesin workers’ comp The bill essentially undi d the court’s ruling in Emma Murray v. , which would have allowedd attorneys whohandle workers’ compensation cases to collect more Under the new law, attorneys will be paid basedr on a set fee schedule. The rollbacko will save employersabout $172 million in insurancr costs, according to McCarty. It effectively restores the 18.
6 percent rate decreasre that tookeffect Jan. 1, with a projected savings of $610 millionn for Florida employers. After a rouned of cost cutting by a newmanagement team, the parengt corporation of has regained profitability. BRCH Corp. earner $8,434 on revenue of $96 million in its fiscalp third quarter endedMarch 31, improved from a $20.0 million loss on revenue of $92.5 millio n for the same period of according to the nonprofit’s report to its bondholders. The hospital’ws board hired Jerry Fedele as CEO in October ashis Brentwood, Tenn.-based FTI Healthcare, workede on a consulting deal with the hospitapl to improve its operations.
Fedele immediatelu embarked on an expense reduction plan that included laying off 38 employeeas andrenegotiating contracts. For its next step to reduce the hospital’s executives are negotiating for more favorable contractsw with managed care planse and its oncology and infusion theraptyphysician group. Former Palm Beach Countyu Commissioner Mary McCarty will be spending the next three and a half yeardsbehind bars. McCarty, 54, was sentenced to prison in West Palm Beach federal court and immediately taken into In March, McCarty pleaded guiltg to mail and wire fraud conspiracy.
She admitted in her plea to misusingg her position to personallyenrich herself, her husbansd and their associates through a series of municipal bond transactionz and through her receipt of gifts and gratuitiesd from entities and people doing business befors the commission. She failed to revealp her financial interests while advocating for numerousx matters beforethe commission, and failed to file or filed incomplete or false disclosure reports to conceapl her true financial interest from the public.
Calder Race Course is gettin into the gaming derby by breaking ground onan $85 104,000-square-foot casino with 1,225 slot The slot machine operations are expected to create 250 to 300 jobs at which is just south of the Miami-Dade/Broward county line near Land Shark Stadium, home to the . The Caldet complex also will includethre restaurants. Track owner Churchill Downs (NASDAQ: CHDN) hopesa to have the complex completed by early in time for the Super Bowl and Pro Bowl at LandSharj Stadium. , a privately held asset-tracking company, has moved its headquartera from Fort Lauderdale to the technology incubatotr at inBoca Raton.
The move should help the company leveragse the expertise of nearby business development professionals withtechnologhy experience, co-owner and President Steveb Muntean said. BlackBox has nine employees in Boca Raton and five more inBuenos Aires, Argentina. The company hopes to have 25 employeezsby 2010, Muntean said.
In February, Insurance Commissioner Kevin McCarty approveda 6.4 percenr increase in workers’ compensation rates in response to the statd high court’s October ruling. Wednesday’s announcement followes Gov. Charlie Crist’s signing of a bill last week that caps feesin workers’ comp The bill essentially undi d the court’s ruling in Emma Murray v. , which would have allowedd attorneys whohandle workers’ compensation cases to collect more Under the new law, attorneys will be paid basedr on a set fee schedule. The rollbacko will save employersabout $172 million in insurancr costs, according to McCarty. It effectively restores the 18.
6 percent rate decreasre that tookeffect Jan. 1, with a projected savings of $610 millionn for Florida employers. After a rouned of cost cutting by a newmanagement team, the parengt corporation of has regained profitability. BRCH Corp. earner $8,434 on revenue of $96 million in its fiscalp third quarter endedMarch 31, improved from a $20.0 million loss on revenue of $92.5 millio n for the same period of according to the nonprofit’s report to its bondholders. The hospital’ws board hired Jerry Fedele as CEO in October ashis Brentwood, Tenn.-based FTI Healthcare, workede on a consulting deal with the hospitapl to improve its operations.
Fedele immediatelu embarked on an expense reduction plan that included laying off 38 employeeas andrenegotiating contracts. For its next step to reduce the hospital’s executives are negotiating for more favorable contractsw with managed care planse and its oncology and infusion theraptyphysician group. Former Palm Beach Countyu Commissioner Mary McCarty will be spending the next three and a half yeardsbehind bars. McCarty, 54, was sentenced to prison in West Palm Beach federal court and immediately taken into In March, McCarty pleaded guiltg to mail and wire fraud conspiracy.
She admitted in her plea to misusingg her position to personallyenrich herself, her husbansd and their associates through a series of municipal bond transactionz and through her receipt of gifts and gratuitiesd from entities and people doing business befors the commission. She failed to revealp her financial interests while advocating for numerousx matters beforethe commission, and failed to file or filed incomplete or false disclosure reports to conceapl her true financial interest from the public.
Calder Race Course is gettin into the gaming derby by breaking ground onan $85 104,000-square-foot casino with 1,225 slot The slot machine operations are expected to create 250 to 300 jobs at which is just south of the Miami-Dade/Broward county line near Land Shark Stadium, home to the . The Caldet complex also will includethre restaurants. Track owner Churchill Downs (NASDAQ: CHDN) hopesa to have the complex completed by early in time for the Super Bowl and Pro Bowl at LandSharj Stadium. , a privately held asset-tracking company, has moved its headquartera from Fort Lauderdale to the technology incubatotr at inBoca Raton.
The move should help the company leveragse the expertise of nearby business development professionals withtechnologhy experience, co-owner and President Steveb Muntean said. BlackBox has nine employees in Boca Raton and five more inBuenos Aires, Argentina. The company hopes to have 25 employeezsby 2010, Muntean said.
Friday, June 1, 2012
Time Warner Cable adds Big Ten Network - San Antonio Business Journal:
ivyhofy.wordpress.com
But now San Antonio says it has added the sports network to its digitalchannel lineup. Time Warnert officials say the cablee operator is now offering the Big Ten Network in highdefinition (HD) on digital channel 118 and in standard definition on digitapl channel 268. The network is available only to Time Warnefr subscribers who have the sports tier It is available in HD only to subscriberxs who havea set-top HD box. Time Warneer kicks off its carriage of the Big Ten Networkl with a gridiron battld between Wisconsin and Marshallon Sept. 6 at 11 a.m.
“The Big Ten Network will feature some of the best college sportsa entertainment from the ever popular Big Ten Conferencr and now our customers will be able to enjohy all of thissports action,” says Jon Gary vice president of governmental and public affairxs for Time Warner Cable San Antonio. In additionh to Wisconsin, the Big Ten Conferenced includes: • Purdue Along with original programming, exclusive interviewse and expert commentary, The network will televise roughly 40footballp games, 140 men’s basketbalpl games, 55 women’s basketball gamesw and dozens of Big Ten Championshi p events.
But now San Antonio says it has added the sports network to its digitalchannel lineup. Time Warnert officials say the cablee operator is now offering the Big Ten Network in highdefinition (HD) on digital channel 118 and in standard definition on digitapl channel 268. The network is available only to Time Warnefr subscribers who have the sports tier It is available in HD only to subscriberxs who havea set-top HD box. Time Warneer kicks off its carriage of the Big Ten Networkl with a gridiron battld between Wisconsin and Marshallon Sept. 6 at 11 a.m.
“The Big Ten Network will feature some of the best college sportsa entertainment from the ever popular Big Ten Conferencr and now our customers will be able to enjohy all of thissports action,” says Jon Gary vice president of governmental and public affairxs for Time Warner Cable San Antonio. In additionh to Wisconsin, the Big Ten Conferenced includes: • Purdue Along with original programming, exclusive interviewse and expert commentary, The network will televise roughly 40footballp games, 140 men’s basketbalpl games, 55 women’s basketball gamesw and dozens of Big Ten Championshi p events.
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