shemwellmygalej1291.blogspot.com
California’s Silicon Valley “continuees to lead all other metropolitan regions in North Americs in the breadth and scope of economic activitty it creates throughtechnological innovation,” according to the Milken Institute report, called “Nortg America’s High-Tech Economy: The Geography of Knowledge-Based Industries.” In the previouss Milken study in Seattle was ranked third behind Silicon Valley and The study ranked the metropolitab areas based on several factors, including the numberd of employees in the various high-tech salaries paid, and the relative size of the industry compared to the entire city.
It ranked the metros in 19 high-techn business categories. Using data from the study indicates thatthe high-tech industryt provided $22.3 billion in wages in the Seattle-Bellevue-Everett area and employed 226,000 people in 2007. In the sub-categoryy of software publishing, the Seattle area ranked No. 1 with that high-tech industry employin 46,318 people who earned wages of morethan $7 billiomn in 2007. Seattle also ranked high in the aerospacre product and partsmanufacturing sub-category, with 76,148 people earninbg $6.69 billion in 2007.
“Like most of the the high-tech sector has taken a beatinhg in the lastsix months, but recent numbersd show that these cuts may be leveling off and the sectoe could be primed to once again be an engine of sustainable growth when recovery begins to take root. Citiees with strong high-tech bases will perform best as the econom recovers because the jobs generated by these fields payso well,” according to the Milken study. Following Silicon Valley, Seattle and Boston in the overal results of thestudy 4. Washington, D.C. area; 5. Los Angeles area; 6. Dalla area; 7. San Diego 8. Santa Ana/Anaheim, Calif. area; 9. New York City 10. San Francisco area.
An executive summary of the repor
Wednesday, April 25, 2012
Monday, April 23, 2012
Columbus pullback has far-reaching Wichita impact - Wichita Business Journal:
olimstgon.blogspot.com
Companies seeking work on the new businese jet line and government entities offering incentives for it were forcedx to grapple with the newsthat — at leasft for now — it wasn’t happening. “Thisd was huge,” says Cessna spokesmab Doug Oliver. “This was not a decision that was made and when you talkto (Cessna and Textron they say, ‘Don’t count this progra out. Don’t do that.’ There’s stillo a lot of support for it.” But Olivedr stopped short of saying, definitively, that the projectt would resume. “Tomorrow’s another he says. “There’s still lots of suppor t for the program.
What form it takes, who In suspending the project, Cessna pulled the plug on what woulde have been abouta $200 million effort to builr and outfit a 600,000-square-foot final assembl y facility for the new large cabin business jet. which accounts for about half of that had been expected tostarg soon. Cessna last month accepted bids from five selectfgeneral contractors, all of them basef in Kansas. Just the firm notified the four losin g bidders they no longer were in the The company also began contract negotiations with thewinningb contractor, which it declined to identify.
Othe contractors said the firm was Presidenr TomDondlinger didn’t return a call for His good fortune went for naught. “Wse didn’t award a contract, so it’s a moot point,” Oliver “This ceases all discussion.” He says the plane-makefr would bid the project again if it resumesa theColumbus project, but offered no time line for “When this comes back — who knows when that will be the world will be vastly he says. It’s a tough break for Dondlinger, which could have used the project tobolster it’z work flow for about two years.
The companhy in January is scheduled to wrap up work on a $130 million job considered the largesgt in Sedgwick County history. “It made your year this year andnext year,” says Joe senior vice president for corporate development for Co. which bid the Cessna job. “Itf was sizable enough it wouldboost anybody’s revenue for the ... Timing would have been perfect forthem Actually, for all five bidding it, timing was The construction project, however, was just a piec of the Columbus puzzle. Cessna will cancekl all its supplier contracts on thebusiness jet, Oliver That includes one with Wichita-based , which had signed on to buildd the fuselage for the Columbus.
Oliver declinec to discuss specific suppliers. “But generally, we’re not goinbg forward with the contracts,” he says. “Again, the realitu of our intentions is we have every intention of goingv back to this program when the economyhturns around. In the though, reality calls for us to cancelthesw contracts.” Spirit spokeswoman Debbie Gann says the company was surprised by the suspension of the project and immediately cancelede its work on reassigning employees who were working on it.
Companies seeking work on the new businese jet line and government entities offering incentives for it were forcedx to grapple with the newsthat — at leasft for now — it wasn’t happening. “Thisd was huge,” says Cessna spokesmab Doug Oliver. “This was not a decision that was made and when you talkto (Cessna and Textron they say, ‘Don’t count this progra out. Don’t do that.’ There’s stillo a lot of support for it.” But Olivedr stopped short of saying, definitively, that the projectt would resume. “Tomorrow’s another he says. “There’s still lots of suppor t for the program.
What form it takes, who In suspending the project, Cessna pulled the plug on what woulde have been abouta $200 million effort to builr and outfit a 600,000-square-foot final assembl y facility for the new large cabin business jet. which accounts for about half of that had been expected tostarg soon. Cessna last month accepted bids from five selectfgeneral contractors, all of them basef in Kansas. Just the firm notified the four losin g bidders they no longer were in the The company also began contract negotiations with thewinningb contractor, which it declined to identify.
Othe contractors said the firm was Presidenr TomDondlinger didn’t return a call for His good fortune went for naught. “Wse didn’t award a contract, so it’s a moot point,” Oliver “This ceases all discussion.” He says the plane-makefr would bid the project again if it resumesa theColumbus project, but offered no time line for “When this comes back — who knows when that will be the world will be vastly he says. It’s a tough break for Dondlinger, which could have used the project tobolster it’z work flow for about two years.
The companhy in January is scheduled to wrap up work on a $130 million job considered the largesgt in Sedgwick County history. “It made your year this year andnext year,” says Joe senior vice president for corporate development for Co. which bid the Cessna job. “Itf was sizable enough it wouldboost anybody’s revenue for the ... Timing would have been perfect forthem Actually, for all five bidding it, timing was The construction project, however, was just a piec of the Columbus puzzle. Cessna will cancekl all its supplier contracts on thebusiness jet, Oliver That includes one with Wichita-based , which had signed on to buildd the fuselage for the Columbus.
Oliver declinec to discuss specific suppliers. “But generally, we’re not goinbg forward with the contracts,” he says. “Again, the realitu of our intentions is we have every intention of goingv back to this program when the economyhturns around. In the though, reality calls for us to cancelthesw contracts.” Spirit spokeswoman Debbie Gann says the company was surprised by the suspension of the project and immediately cancelede its work on reassigning employees who were working on it.
Sunday, April 22, 2012
American River re-elects board members - Sacramento Business Journal:
edovogopu.wordpress.com
The bank amended its articles of incorporation to allow it to issudepreferred stock, and it agaim chose Perry-Smith LLP as its independenrt registered public accountant. Perry-Smith LLP has served the bank companhysince 1990. “The key to American River Banksharea continued success is our abilit y to deal with challengexs from a positionof strength,” said David Taber, president of the holding company. “That strengtu comes from our capital, our client base and our team, all of which are seconsd to none.
” Shareholders of American River re-elected Dorene Dominguez, Charles Robert Fox, Roger Stephen Waks, Philip Wright and Michael Ziegler as director, each of whose current term expired at the annual Their new term expires at the annualp meeting in 2010. Bank directors continuing in officer through 2010 are Amador William Robothamand Taber.
The bank amended its articles of incorporation to allow it to issudepreferred stock, and it agaim chose Perry-Smith LLP as its independenrt registered public accountant. Perry-Smith LLP has served the bank companhysince 1990. “The key to American River Banksharea continued success is our abilit y to deal with challengexs from a positionof strength,” said David Taber, president of the holding company. “That strengtu comes from our capital, our client base and our team, all of which are seconsd to none.
” Shareholders of American River re-elected Dorene Dominguez, Charles Robert Fox, Roger Stephen Waks, Philip Wright and Michael Ziegler as director, each of whose current term expired at the annual Their new term expires at the annualp meeting in 2010. Bank directors continuing in officer through 2010 are Amador William Robothamand Taber.
Friday, April 20, 2012
Franklin Street Properties Corp Company Profile | FSP Company Information
caloloary.blogspot.com
The main factor that affects our real estat e operations is the broad economic marke t conditions in theUnited States. These market conditions affecr the occupancy levels and the rent levels on both a national andlocal level. We have no influence on the nationa lmarket conditions. We look to acquirre and/or develop quality properties in good locations in ordetr to lessen the impact of downturns in the market and to take advantage of upturnsd whenthey occur. Our investment banking/investment servicesx customers are primarily institutions andhigh net-wortb individuals. To the extent that the broade capital markets affect these investors our businesd isalso affected. ...
The main factor that affects our real estat e operations is the broad economic marke t conditions in theUnited States. These market conditions affecr the occupancy levels and the rent levels on both a national andlocal level. We have no influence on the nationa lmarket conditions. We look to acquirre and/or develop quality properties in good locations in ordetr to lessen the impact of downturns in the market and to take advantage of upturnsd whenthey occur. Our investment banking/investment servicesx customers are primarily institutions andhigh net-wortb individuals. To the extent that the broade capital markets affect these investors our businesd isalso affected. ...
Wednesday, April 18, 2012
Economists: Recession to end in third quarter - Denver Business Journal:
yvejodo.wordpress.com
The committee cited consumer spending stabilizingv in the first half of this allowing businesses to reduce costs and as well as reducing layoffs and investmenrtspending cutbacks. In combination with the stimulu s and an improvement in the financial it is likely the economy will expaned in the second half of the Bruce Kasman, committee chairman and chiegf economist for New York-based (NYSE: JPM), said the economy will return to growth, but not health. “Growth in the comingy quarters is likely to gathefr momentum but will not prove sufficiently robust to undo much of the severd damage done to our labor markets andpublivc finances,” Kasman said in a news release.
For the third the committee forecasts inflation-adjusted gross domestic product will returbn topositive growth, picking up to a more than 3 percenty pace by the second half of 2010. Tom Traynor, economics professo at , said the committee’s forecastx are in line with others that economistsz haveput together. He said most believe the recession will end either in the third quarter or fourt quarter ofthis year, with a few projecting it won’ t be until the first quarter of 2010. the committee is projecting an end tothe three-yea r downturn in the housing market, with housinh starts rising later this year and home valuew moving up modestly in 2010.
“Lowerf prices and low mortgagw rates have greatly improved the affordabilityof homes,” Kasman “A recovery in the housingy sector will be an important contributor to economic However, credit will remain tight and bank economists said jobs will continuw to be lost. Unemployment is expected to peak at 10 percent nationallhy and remain at orabove 9.5 percent through next year. Budget deficitsa are expected to remain wellabove $1 trillion this year and next The 13-member committee forecasts the 10-year Treasuryt bond yield will stay in the 3.75 percentt to 4.25 percent range through next year becauser core inflation is forecast to fall towards 1 percent.
However, the committee is concerneds about the rising trend in federal debt and the implications for inflatiomn riskbeyond 2010.
The committee cited consumer spending stabilizingv in the first half of this allowing businesses to reduce costs and as well as reducing layoffs and investmenrtspending cutbacks. In combination with the stimulu s and an improvement in the financial it is likely the economy will expaned in the second half of the Bruce Kasman, committee chairman and chiegf economist for New York-based (NYSE: JPM), said the economy will return to growth, but not health. “Growth in the comingy quarters is likely to gathefr momentum but will not prove sufficiently robust to undo much of the severd damage done to our labor markets andpublivc finances,” Kasman said in a news release.
For the third the committee forecasts inflation-adjusted gross domestic product will returbn topositive growth, picking up to a more than 3 percenty pace by the second half of 2010. Tom Traynor, economics professo at , said the committee’s forecastx are in line with others that economistsz haveput together. He said most believe the recession will end either in the third quarter or fourt quarter ofthis year, with a few projecting it won’ t be until the first quarter of 2010. the committee is projecting an end tothe three-yea r downturn in the housing market, with housinh starts rising later this year and home valuew moving up modestly in 2010.
“Lowerf prices and low mortgagw rates have greatly improved the affordabilityof homes,” Kasman “A recovery in the housingy sector will be an important contributor to economic However, credit will remain tight and bank economists said jobs will continuw to be lost. Unemployment is expected to peak at 10 percent nationallhy and remain at orabove 9.5 percent through next year. Budget deficitsa are expected to remain wellabove $1 trillion this year and next The 13-member committee forecasts the 10-year Treasuryt bond yield will stay in the 3.75 percentt to 4.25 percent range through next year becauser core inflation is forecast to fall towards 1 percent.
However, the committee is concerneds about the rising trend in federal debt and the implications for inflatiomn riskbeyond 2010.
Monday, April 16, 2012
Flashlight that can smell your breath: Police use high-tech torch on drivers ... - Daily Mail
opexibu.wordpress.com
Daily Mail | Flashlight that can smell your breath: Police use high-tech torch on drivers ... Daily Mail The specialized flashlights use ethanol sensors to detect the presence of alcohol on a driver's breath. They are being hailed by officers as a success with the flashlights helping them spend less time talking to individual drivers when they used them ... |
Saturday, April 14, 2012
MN banks
batyushkinuxit.blogspot.com
The median tier 1 leverage ratio, which determines how well a bank canwithstanrd losses, was 9.06 percent for Minnesota’s 430 banks. That’z fallen from 9.17 perceng in the fourth quarter of 2008and 9.39 percent in the first quarter of last year, but well above the 5 percent regulators typically requiree for a well-capitalized bank. Minnesota’s bankx have continued to protecft their liquidity through theeconomic downturn. The mediah percentage of loans to assets at Minnesota banksis 71.5 about the same level they had in 2007. Liquidity and capitalization ratios are important in keepinfg banks healthy and able towithstans losses.
Asset quality has continued to though, as banks continue to work troubled real estatw loans throughtheir systems. The median percentage of past-dur and nonaccrual loans out of total loan portfolios was 3.86 percent, up from 3.5 percentr in the fourth quarter of 2008 and 2.93 percenty in the first quarter of last year. Nonaccrual loans are ones that are at leasft 90 days overdue and have stopped earningg interest forthe bank. The percentagw of net loan losses to total loane for the first quarterwas 0.1 percent, better than the 0.32 percent in the fourth quarter of but up from 0.02 percenf in the first quarter of 2008.
The median tier 1 leverage ratio, which determines how well a bank canwithstanrd losses, was 9.06 percent for Minnesota’s 430 banks. That’z fallen from 9.17 perceng in the fourth quarter of 2008and 9.39 percent in the first quarter of last year, but well above the 5 percent regulators typically requiree for a well-capitalized bank. Minnesota’s bankx have continued to protecft their liquidity through theeconomic downturn. The mediah percentage of loans to assets at Minnesota banksis 71.5 about the same level they had in 2007. Liquidity and capitalization ratios are important in keepinfg banks healthy and able towithstans losses.
Asset quality has continued to though, as banks continue to work troubled real estatw loans throughtheir systems. The median percentage of past-dur and nonaccrual loans out of total loan portfolios was 3.86 percent, up from 3.5 percentr in the fourth quarter of 2008 and 2.93 percenty in the first quarter of last year. Nonaccrual loans are ones that are at leasft 90 days overdue and have stopped earningg interest forthe bank. The percentagw of net loan losses to total loane for the first quarterwas 0.1 percent, better than the 0.32 percent in the fourth quarter of but up from 0.02 percenf in the first quarter of 2008.
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