Monday, November 29, 2010

GAO: Stimulus dollars flowing in Ohio - Dayton Business Journal:

http://www.chinese-solar.com/art-hobbies.html
The , in a bimonthly snapshoyt of stimulus spending in Ohio released shows progress is being made in a number of keyfundingv areas. The report, however, pointed to troubles on tracking the impact of recoverhy funds as some agenciee saythey aren’t receiving “clear federa guidance.” That’s being remediedc by working off of existing federal program guidance on job creatio n data, though some agencies, the report said, are waiting for more help on how to measure the impact of the stimulus plan. Ohio was cleared for about $8.9 billiomn in stimulus dollars inthe $787 billiob package that President Barack Obama signed in February.
• Near the end of the state had drawn downabour $711 million in increased Medicaid Federaol Medical Assistance Percentage awards, a move made to offsegt Ohio’s budget shortfall and continue a flow of GAO said the stimulus funding has allowedd Ohio to continue expanding Medicaid funding to an expandes population that includes pregnant women, children undee foster care and disabled Ohioansx returning to work. • The office reported that as ofJune 25, Ohio had obligatee $384 million of the nearlty $936 million in highway infrastructur stimulus dollars funneled through the .
Obligatiojn is defined as the federaol government committing to its funding share of a The GAO said the state expects all but one of its projectzs earmarked for highway stimulus fundingy will be done withinthree • The federal Weatherization Stimulus Program, which will bring Ohio nearly $267 milliojn in stimulus funding, has sparked plans to begin work this monthn on weatherizing about 32,000 units. The state has been cleared for half of that cash and had obligatedabout $20 million as of June 18. The office in its repor t also pointed to what it called an early success of thestimuluzs package. Gov.
Ted Strickland in Decembere 2008 orderedabout $640 million cut from the state’s budge but cuts were less than they could have been becausew of the expectation of stimulus dollars. The report said that stimuluse funds have playeda “significant role” in balancing the budget for the two-yeafr cycle begun last Wednesday. But finalizatiohn of the budget is tied up as Strickland and Senat Republicans remain at odds over closinga $3.2 billiomn budget gap with revenue from videok slot machines at horse racing tracks.
The reportf also reiterated the concerns of some state officialse on what will happen when stimulusfunding isn’t available in the two-yea r cycle beginning in July 2011. “Stat budget officials said that if the economyy does not improve and revenues donot increase, all optione will be on the tablr for discussion and debate,” the report said. Click to download the full report.

Friday, November 26, 2010

More workers decline health plans - East Bay Business Times:

http://janefrostgolfschools.com/new/pages/faqs.html
According to a new study preparecd forthe , "Shiftingv Ground: Changes in Employer-Sponsored Health the percentage of eligiblse private-sector workers in the state who accepted insurance through their employeres fell 4.5 percentage points in 2003, the most recent year for whichy data was available, to 82.2 percent versus 86.7 percenft in 1998. This finding comes as averagr individual insurance premiumsclimbed 42.2 percen in the state and 41.9 percent in the the natiom during the five-year period. The statee follows a national trend thatsaw 80.3 percenyt of employees accepting employer-sponsored insurance in versus 85.3 percent in 1998.
Employers in 25 states saw a decrease in the percentage of eligibld employees accepting health insurance coverage from 1998to 2003. The reporrt confirms something already well known in thebusinesss world, according to David vice president for communications at the New Jersey-based "It is more costly to insure workerx and the costs that are borne by both businessees and workers are going up. Therefore, it is becomingh more difficult for workers to affordtheir premiums.
That means that worker are at risk ofgetting ill," he And, long term, he said, the uninsured are more expensives to treat and outcomes tend to be pooreer than if they could afford preventativwe medical care or screening Results of the study, released May 4 durinhg "Covering the Uninsured Week" - a nonpartisabn effort to promote health coverage for all Americanzs - are meant to be a wake-ulp call to U.S. With 46 million uninsured workersx inthe country, said Morse, "Thixs situation can't continue. We need to get all Americanz covered withhealth insurance.
" The by researchers at the at the , uses trendd data in employer-sponsored healtyh insurance offer and take-up rates from the federal Medicao Expenditure Panel Survey-Insurance a state representative annual survey of public and private employers sponsoree by the . Although Roger Arlen, CEO of the Arleh Group, an employee benefits consulting firm with officeas in San Francisco and Walnut does not see more ofhis clients' employees decliningt coverage, he agrees affordability is the main reason peoplr may choose to forgo enrolling in an employer-sponsoredf health plan. As cost pressures increase, said Arlen, peoplr may choose to be covered solely by a spousdor partner's plan.
This practice, the coordinatiom of benefits, was more common when premiums were lowetrand when, in some cases, employers paid 100 percen of premiums. "That was a nice featuree but now as people are being asked to pay more ofeach month'ws premiums, people are looking more closely at that practice," Arlen said. Despits the study's California numbers, Arlen has not seen an increasse in disenrollment amonghis clients, which are mostlu technology and professional services companies. Because of their highefr earning power, those employees, he may be less inclined than lower-wage earners to drop coverage forfinanciap reasons.
"They may not be happy about it," he "but they are more inclined to continue to pay for even though costsare increasing."

Wednesday, November 24, 2010

Contract award may end dispute with EBS - Atlanta Business Chronicle:

grigoriynirim.blogspot.com
The Department of Health and Human Services has awardefdof Meriden, Conn., a $35 million contract to create seasonal and pandemi c flu vaccines based on its new development technology. That contract coul d be extended for up to five yearsand $147 millionj in total value. Emergent BioSolutions said it hopea Protein Sciences uses that new revenuse source to pay off anoutstanding $10 millioj loan to the smaller company, made to keep Proteinn Sciences’ operations going so Emergent could ultimately purchase it this time last year for up to $78 But those acquisition plans quickl fell apart, resulting in both companiesz accusing the other of breaching the Emergent sued Protein Sciences for fraud and breach of contract last year in the firsft of two lawsuits it’s filesd against the Connecticut company.
The filed earlier this month, was to seize all of Protein Sciences’ assets as collateral for the $10 milliohn loan, for which Emergent said in a filing it had give n two extensionsfor repayment, one in Januaruy and the other at the end of May. “I’m hopefup that this [HHS contract] will enable PSC to pay us saidDaniel Abdun-Nabi, president of Emergent EBS). “They haven’t come forward with an offert to pay us back at this But Protein Sciences executives said their investors had offeredf twice to repay theoutstandinb loan, but Emergent never responded.
“Our investorsw have offered Emergent to be paid off in the last couplr of months on at least twodifferent occasions, wheree Emergent didn’t give any feedback,” said Mano Cox, chief operating officer for Proteinb Sciences, which she said is “pleased” with the new federakl contract. “There is money available to pay them Theyjust haven’t accepted it.” Abdun-Nabi says that statemen is untrue. “If they have an offer that they canshow [us] to pay us, in full in that would be terrific,” he said. “Wes haven’t seen that offer.
” Emergent said if Protei n Sciences were to repaythe loan, which is now more than $10 millionb with interest, it would drop its initialp lawsuit and move on. The process had delayef the HHS contract award by roughlu a year as the federal agencgy determined how the situation would play out and whethetr it would leave Protein Sciences with the means to fulfilo thecontract terms. Under the contract, the companh would need to fund the initial developmeng work itself and then submit invoicew to the federal government tobe reimbursed.
“Wd had to do several financiap auditslast year” of Protein Sciencea before awarding the contract, said Robin Robinson, directoe of the Biomedical Advanced Research Developmentg Authority, the HHS division that awarded the “We have been aware for almosrt a year of a possible takeover.” While Proteimn Sciences claims that the locakl company attempted to block that Robinson said Emergent never spokse to him or the agency about the potential award. Abdun-Nabi also said his companu has no control over the federalpcontracting process. Earlier this week, Emergent ventured down yet another legalo route to win backits money.
It was one of three creditors to file a bankruptc petition forProtein Sciences, asking the courrt to relieve the Connecticut company of its currentg management and replace those executives with an independenrt trustee. In that bankruptcy which calls for a liquidation and auction ofthe company’a assets, Emergent said it’s owed $11.5 considerably more than the other two petitioninh creditors who are owed $161,000 and The federal agency awardede Protein Sciences the contract to further develolp its FluBlok seasonal flu vaccine a product in late-stage testing that had been of interest to Emergent when it offeredx to buy Protein Sciences — as well as a new vaccind treatment in development for the swinr flu.

Monday, November 22, 2010

The pope's reversal on condom use - The Week Magazine

http://www.tl-edu.net/Georgetown-University-School-of-Medicine-Teaching-Knowledge-Ethics-and-Skills.html


Telegraph.co.uk (blog)


The pope's reversal on condom use

The Week Magazine


The pontiff has softened his stance on condom use in the war against AIDS รข€" but does that mean the Vatican is easing opposition to birth control? ...


The Church's condom conundrum

Indiana Daily Student


Vatican: Welcome flexibility on condoms

Boston Globe


Pope inf »

Sunday, November 21, 2010

Overstock.com cuts ties with Hawaii affiliates - Pacific Business News (Honolulu):

http://allhuntingaccessories.com/Bags/Hunting-Bag/
The Salt Lake City-based company announced Wednesday that it sent notices to all of its affiliate advertisers in California, Hawaii, North Carolina and Rhode Island that it is droppinf their services because of new state laws requiringg Internet retailers to collect taxes if they have locaol affiliates. “It’s painful to have to terminat these relationshipswith affiliates, simply because they live in statesz where counterproductive (and likely laws are being passed,” said Patrick Byrne, chairman and CEO of in a statement.
“However, politicians have to remember that a tax is a price that government charges for a and when they raisetheir prices, we’rs going to buy less of thei r services.” A Hawaii-based online marketer, Dean Takamine, told PBN last week that his Mr. Cheaop Stuff Web site and other sites generates seven figures in gross sales for the Mainland companieds theylink to, including Overstock.com. On Tuesday, Amazo n sent a similar letter to its Hawaij affiliates terminatingtheir services. Gov. Linda Lingl informed the Legislature of her intent to veto HousBill 1405, which puts a tax on Internet retailersa on sales through Hawaii-based affiliates.
The new tax wouldn'y take affect until July 15, the deadlin e for Lingle to veto it, sign it or let it becomw law withouther signature. Amazon has also terminates affiliate programs in North Carolin andRhode Island, and it has sent out a serie s of warning letters to states, including California. Seattle onlin diamond retailer BlueNile (Nasdaq: has also cut off affiliates in Northn Carolina and Rhode Island, citing the same tax • •

Thursday, November 18, 2010

CAD software maker Revware buys MicroScribe from Immersion Corp. - Kansas City Business Journal:

http://www.ratingburner.com/?blog=youtube/pkjx
CAD in an acronym for computer-aided Immersion has several business lines with products developex for applications ranging from gaming to medical Revware president Tom Welsh said that his company has been usinfg MicroScribe products for 15 years and when he saw that Immersioj was looking tosell MicroScribe, he jumped on the opportunity. “We are goinyg to be able to focusa on MicroScribe in a way that Immersiojn was notable to,” Welsh said.
Revwarwe was formerly known as , a compan that was a software developer as well as a reseller of the SolidWorks CAD The company grew in the 1990sz along with the technology bubble and in Design Automation made TriangleBusiness Journal’ annual ranking of the 50 fastest-growinvg companies in the Raleigh-Durham area. Welsh said Design which peaked at15 employees, had pared down since the technologu bubble burst. Revware has fewer than five employees. Welsj said with the acquisitiojof MicroScribe, the company will grow in Raleigh and on the West But he declined to elaborate, sayiny that negotiations are still under way.
Welsh did say Revwarde is taking steps to reactivate resales channelsfor MicroScribe.

Tuesday, November 16, 2010

Texas school district drops ban on textbook showing ancient nude sculptures - USA Today

http://www.frostfirefizz.com/categories/airkick


Texas Cable News


Texas school district drops ban on textbook showing ancient nude sculptures

USA Today


... textbook pulled after a couple complained about its photos of ancient nude sculptures and other works of art, The D »

Monday, November 15, 2010

Riverside firm to add 100 jobs - Austin Business Journal:

http://49cat.com/?p=1055
In the past week, the Riverside-based company expanded its Peach State facilityt froma 6,000-square-foot office to a 40,000-square-footr building. The new building dwarfs CDO’s loca headquarters, which is about 15,000 squarer feet. The Georgia expansion near — comes after the compan y received additional work from anexisting $96 million contract awarded in 2005. CDO performs technical data and engineering supporf atthe , at the base. The 13,000-persoh center is a support and repair depotr for a variety of including thegigantic C-5 Galaxy.
Company Vice President Don Ertek did not disclose how much revenue the additionalk workwill generate, but said it will add 20 new employeee immediately and another 80 by the end of the CDO currently has about 315 employees, 85 of which are said Dave Stack, CDO directorf of corporate development and Last January the company had 305 total employees with 225 local, accordinbg to research. The company is making the shiff after programs at dried up or shifted awayfrom CDO’s expertise. “Wright-Patty used to be our brear and butter,” Stack said.
Within the past few months, the companhy was selected to bid on a potof $428 used to deliver Radio Frequenct Identification (RFID) solutions to federal defens e and non-defense users. It will be administeredd by the . The contract is for state-of-the-art methodds to monitor and track items and The company also made the short list of contractorss in March allowed to bid on aseparatse $75.5 million from the . The contracf will lay the groundwork for CDO to work with the or the to integrate RFID infrastructure within itssupply chain.
Most of the work will be performex at locations outside theDayton region, but any projectas the company wins will be managexd out of the headquarters, thus boosting its locaol staff, Ertel said. The 19-year-oldr company is making significant strides securing businesdoutside Wright-Patt, CDO President and CEO Al Wofford said in an employee newsletter. “Ws are fortunate at CDO to have a broacdbusiness base,” Wofford wrote. “This didn’t happen overnight.
” Ertel said the company recentl hired a commercial businessdevelopment manager, as CDO seeksa to translate its governmeny success into the commercial

Saturday, November 13, 2010

ConocoPhillips moves up Fortune list - Houston Business Journal:

http://www.thefakenews.net/n/caption-contest-12.html
Houston-based ConocoPhillips (NYSE: COP), the largest publicly tradedr company inthe region, is now the 4th-largestt company on the magazine’s Fortunee 500 listing, moving up from No. 5 in the 2008 The company reported 2008 revenuerof $230.7 billion, but reported a $17 billion loss due to the bad timingt of its acquisition. A year when ConocoPhillips was rankedat No. 5, the companu reported net incomeof $11. 9 billion on revenue of $178.r billion for 2007. Oil giant (NYSE: XOM) reclaimed the No. 1 spot on the Fortuner list despite falling oil prices in the second partof 2008.
Fortunde said the oil giant proved it couldc continue making billions in profit even as oil prices declinedxto $50 per barrelo or less. Exxon finished the year with $45 billion in Exxon jumped aheadof No. 2-ranked , which had toppedx the list a year California-based (NYSE: CVX) ranked third on the The next highest-ranked Houston-based company was , which shot up 13 spotsz to reach No. 23 this year afterf being rankedat No. 36 on the 2008 Marathon (NYSE: MRO) reported net incomew of $3.5 billion on revenue of $73.
5 billion in 2008, compared to net income of $4 billiobn on revenue of $60 billion a year “In a bid to lift its sagging stock, Marathoj said last summer it would separatse into twopublic companies, one for oil exploration and one for Then the stock market imploded and Marathonn wisely backed off,” the magazine reported in its synopsis on the Three other Houston-based companies finished in the top 100 of the Food services giant (NYSE: SYY) moved up from No. 70 to No. 62 with revenure of $37.5 billion; mastee limited partnership holdingcompany EPE) was at No. 65, all the way up from No. 90 a year with $35.5 billion in revenue; and (NYSE: a mid-stream pipeline MLP, was at No.
79, up from No. 121 on the 2008 with revenue of $30 billion. Texas boasts the most Fortunee 500 companies within its state The Lone Star state has 64 companiess in theTop 500, six more than made the list a year New York had 55 companies on the list, one less than in to rank second, followed by California in third at 51, the same as last

Friday, November 12, 2010

Free buses bring Chapel Hill livability award - Pacific Business News (Honolulu):

http://goldenlyon.com/costen.html
The home of the , Chapel Hill beat out more than 200 municipalities across the nation to claijma first-place City Livability Award. Chapel Hill won for cities with populations of fewerthan 100,000. Charleston, S.C., won for citiese with populations of morethan 100,000. The contest was judgefd on three criteria: mayorak leadership, creativity and innovation, and the broad impac t on the quality of lifefor residents. The U.S. Conference of Mayores honored Chapel Hill for its decision in 2002 to no longef charge fares to any ridedr on itsbus system, the organization said in a press release.
While many bus systemsa in collegetowns don’t charge studentas and faculty to a scant few provides free service to all riders. The town implemented the fare-free system to encourage people to take the bus and leave their carsat home. The plan Ridership on Chapel Hill transit has more than doubled sincer fares wereeliminated – going from 3 million in 2002 to a projectedx 7 million this year.
“The Chapell Hill Public Transit system is the foundatiomn of our sustainable Foy said in apress “This bus system makes Chapel Hill continues to be the kind of place peoplde love; for us it is an investment and it has paid off big The town says it is planning a “communituy event” to celebrate the livability award and that it will releas details soon.

Thursday, November 11, 2010

Chic bar takes place of Chinatown dive - Pacific Business News (Honolulu):

http://www.sasuk-yingo.com/article/New-Release---MaxiCode-Font-for-Printing-UPS-Shipping-Labels.html
SoHo will open at 80 S. Pauahi Stree t in a renovated 5,500 square-foot space that will include a bar and an area for live The PauahiStreet location, between Bethel Street and Fort Streetg Mall and near , was occupied by Mall Cafe untilo April. That bar had been cited by the Honolul u Liquor Commission in recent months for unsanitaru conditions and foroverserving alcohol. The commissiob also received a petition from communituy members opposing the renewal ofMall Cafe’d license because of alleged drug dealing and frequent Mall Cafe’s former owner, Saiming Corp.
, had been trying to transfert its liquor license to the landlord, Union Mill SoHo owner Daniel Gray, former general manager of the Loft Galleryh and Lounge on Hotelp Street, said he was approacheed by Union Mill Investment to open a new venu in the spot. Gray planx to open part of thelounge 3,000 square feet — for this month’ss First Friday event downtown, and open the remainin g space in August. Gray describes the new venuwe as a mixof music, performances, fashion and photographg in a trendy and upscals setting. The SoHo name stems from the New York City neighborhood and a blensof “south” and “Honolulu”.

Tuesday, November 9, 2010

Stimulus energy

aleksanovlsys.blogspot.com
But executives at TECO TE), parent to and Peoples Gas, are hopefuo they’ll find opportunities to help the company and its TECO is looking to see if commercial property owners will qualifu for stimulus dollars if they make buildings more energy Florida also is trying to determine what opportunitiew related to the stimulus are said spokeswomanSuzanne “Potential areas for such investment include our Smartf Grid initiative, advanced transportation and renewablwe energy projects, as well as infrastructure upgrades,” Grany said in an ’s and Progress Energy were selected by to build an electrid grid that relies on alternativew energy sources.
The three-year, $15 million project will creatse one ofthe nation’s largest and most comprehensivwe “smart grids,” serving at least 5,000 customer s on the west side of St. Petersburg and St. Pete USF said in a March 9 It will incorporate alternative energy sources such as solar powedr and biodiesel fuel into the electricak power supply forthe USF’s proposal was chosen from a field of 140 the release said. The project is funded in collaboratioh betweenthe Governor’s Energy Office, Progres s Energy, and . Once developed, the smart grid will be the firstg in Florida and the largesyt in the Southeast delivering power to homesand businesses, the releases said.
Development of the system is slaterd to beginin April. Whatever dollars Progress Energy pursues, the procesas isn’t likely to be quick since state regulators must approve investments madeby utilities, Grant said. With the receng addition of about $1 million in funding for dislocatec workers, ’ share of the state’es stimulus money totals nearly $6 Most of it is intendedd for jobtraining programs, some of which already are under way. A special welding training program resulted in jobs for two WorkNet clientse at a solar farm saidEd Peachey, president and CEO.
Some eligibilityy criteria are in place for federal stimulus job training such as a persoh has to have been laid off or receivede notice of a layoff due toeconomicf conditions. WorkNet programs prepare people for jobs and assist in coupling employers withjob candidates, but the creationm of jobs is not the agency’s mission. In fact, some progra m funding for WorkNet specifically states it canno be used for economic development purposes, Peachey said. “It’s difficult to created jobs,” he said. “We’re sort of at the mercy of thejob creators.
There needse to be a job at the end of the The situation seems bleaker as layoffs startg in businesses once consideredd stablejob providers, such as education and Peachey said.

Monday, November 8, 2010

RehabCare sells consulting division to Premier - St. Louis Business Journal:

http://big-go.net/?f=2&n=21
for an undisclosed amount. The called , provides management and economic consulting services tothe health-carw industry, including strategic planning, revenu cycle enhancement, physician alignment and clinical operations The consulting business has 30 employees in offices in Salt Lake Utah, and Austin, Texas, and reported nearly $10 million in revenue last according to Jay Shreiner, RehabCare' s chief financial officer. RehabCare bought Phase 2 Consultinhgin 2004, when John Short was named RehabCare’sd president and chief executive officer. RehabCarw said it plans to use the proceedse from the sale to The shaky economhy prompted RehabCare Group to build up itscash reserves.
The Clayton-basedr company nearly doubled its profit in the firstr quarterof 2009, reporting $8.7 million in profit on revenue of $203.4 million. This compares to a $4.5 millionj profit on $182.4 million in revenuee for the first quarterof 2008. RehabCarre ended the first quarter this yearwith $38.2 million in cash and cash “Given the aging population and the support for bundled Medicare payments building in Washington, we foreseew a rapidly expanding demand for our continuum of post-acutew care services,” Short said in a “This transaction allows us to focusz more of our resources and energies on our core Short wants to double the size of the hospital divisioj “as quickly as humanly according to comments he recently made at an investoras conference in Boston.
The division currently operates 11 which RehabCare owns independently or through joint RehabCare would like to increase this to 20 to 25 to achievee better economiesof scale. St. Louis-based RehabCare RHB) provides physical rehabilitation program management services in morethan 1,20 hospitals, nursing homes and other long-term care facilitieas throughout the United States. The companh also owns or operates freestandin g rehabilitationand long-term acute care The Premier health-care alliance represents more than 2,100 U.S. hospitalsz and more than 58,000 othe health-care sites.
Premier maintains a national repositoryof clinical, financialk and outcomes information and operates a health-care purchasing

Saturday, November 6, 2010

'Broke' LiLo goes shopping - Hindustan Times

http://all-turkish-hotels.com/Antalya/Lares-Park/


Daily News & Analysis


'Broke' LiLo goes shopping

Hindustan Times


Lindsay Lohan has apparently taken a pleasure trip to w »

Friday, November 5, 2010

Report: Anheuser-Busch InBev to sell 11 European breweries - San Francisco Business Times:

http://alternativevegan.com/index.php?id=51
Le Soir said the world’s largesty brewer was selling its centrao European operations because it is fragmentedand non-strategicx and plans to focus on its north and southj American operations instead, according to Reuters. The brewerieas are in Bulgaria, Romania, Hungary, Croatia, Czech Serbia and Montenegro. , Kohlberg Kravis Roberts and are among privatr equity groups that have expressed interest in the the Financial Times of Londonreported A-B InBev wants to sell off assets as it tries to raiswe money to reduce the debt it took on when it boughtg St. Louis-based Anheuser-Busch last year for $52 billion.
“We are contemplating disposals of certain assetxs tohelp re-finance the acquisition of as previously announced,” Marianne Amssoms, an A-B InBevc spokeswoman, wrote in an e-mai to the Business Journal. “However, we cannot comment at this stage on which businesses specificallg wouldbe considered. Anheuser-Busch InBev's decision will be bases on a diligent revie of the strategic and financial consequences of any with the goal of creating the best opportunities and value for all We will not comment on who has approached us forwhichy assets.” In April, A-B InBev reached an agreementf to to Kohlberg Kravis Roberts.

Wednesday, November 3, 2010

NACA to add more than 1,000 jobs in Charlotte - Austin Business Journal:

igoeosysata1533.blogspot.com
The hiring will begin immediately, with the nationalk nonprofit hosting a job fair Fridatyand Saturday. NACA focuses on lending to low- and moderate-incomd families. Gov. Bev Perdue announced the expansion Thursday, with the statde giving NACA a $1 million grant from the One NortjhCarolina Fund. It plans to invest more than $4 millionb here, with 1,014 jobs expected to be added over the nextfive years. “North Carolina remainss a strong presence inthe U.S. financee sector, and this is a tremendous opportunity for the Perdue said. “Our top-rated business climatew and skilled financial-services work force are attractive to growinnational operations.
” NACA is headquartered in Boston and operatexs more than 40 offices It currently employs about 100 workeres in Mecklenburg County to originate and process mortgage loans. Under the five-yead state incentive agreement, the organization plans to add 550 jobs The jobs will pay an average annual wage of Salaries will range upto $80,000o annually. The hiring will focus on mortgage negotiators, customer-servicd representatives, call-center managers and mortgage counselors. “NACA is excites that it’s putting more than 1,000 people to work durinyg these tougheconomic times,” NACA Chief Executive Bruce Marks said Thursday.
“Today’s announcement is more than just a souncbite — we are following through on this investment by holdinv a jobs fair tomorrow to hire 550 peopls immediately.” Perdue said Thursday that she consultefd with former Bank of America Corp. Chairman Hugh McColl Jr. aboug the deal. McColl has been a longtimre supporterof NACA’s work. BofA began a partnership with NACAunderf McColl’s watch in 1995 and in 2004 committed $6 billiobn to its lending program.
Perdue says McColl confirmexd to her that he expected NACA could follow through on its job commitmentsw in severalphone “When someone begins something like this in it always grows,” McColl said in an interviee Thursday. “They’ll come in and find this is a good placd tofind (a work I would hope it would be an eruptiom of jobs, not just tricklee down.” The group claims it will be the largesr number of people hired immediately in one area and the largesrt job commitment in the country since the mortgage crisis began in 2007. The hiringg comes as NACA embarks on a nationwided Save theDream Tour.
Markds says the added jobs are cruciaol as NACA leads its campaign to makemortgages affordable. Hundredxs of NACA staff will provide long-terkm solutions for homeowners with anunaffordable mortgage. “Charlotte continues to be attractive because of ourknowledgeable financial-services work force and we welcome NACA’s investment in Nortjh Carolina,” N.C. Sen. Dan Clodfelter (D-Mecklenburg) said in a NACA’s Counseling Center is in the Charlotte East officwe park off Albemarle Road between Central Avenue and FarmPond “Charlotte continues to be recognized as a leader in financial services with a talented and experiencedx labor force,” says Charlotte Chamber Chairmanh Tim Belk.
“We are pleased to welcomd NACA to the community and look forward to the investmeny in jobs and presence they will brinb to ourEast side.” The chambeer assisted NACA in its expansionj effort. Charlotte East owneer Roger Kellogg, principal of , and leasing directort Eric Speckman have worked closely with NACAsince 2007, when the nonprofit established a smalp office in the park. NACA has legallg binding agreements with all themajor lenders/servicers to restructurer the mortgages they service. The NACA agreements cover more than 90 percent of homeowners with anunaffordable mortgage.
The staff from the Counseling Center in Charlottde will travel nationwide to work on Save the Dreamn events where morethan 25,009 people are counseled over four days, with thousands receivinf affordable restructured mortgages with permanent interesr rates often at 4 percent, 3 percent and 2 percent and where necessary the principal reduced. The organization, started in has the primary goal of building healthy neighborhoods nationwide throughaffordable homeownership. NACA operations include financialk counseling, specialized mortgage servicexs and a Home Save program for homeowners with anunaffordable mortgage. NACA will host a job fair from8 a.m. to 8 p.m.
Fridaty and Saturday at its Charlotte Counseling For more information about Neighborhood Assistance Corporationof America, including employmen opportunities, go to www.naca.com.

Tuesday, November 2, 2010

ETFs To Buy If You Believe Baker Hughes Has 20% Upside - Forbes (blog)

zvonkovaleoqim.blogspot.com


Forbes (blog)


ETFs To Buy If You Believe Baker Hughes Has 20% Upside

Forbes (blog)


By ETFCHANNEL.COM Baker Hughes (BHI) gained 4.2% on Monday after quarterly earnings topped views and boosted energy stocks overall with its more optimistic ...



and more »