Saturday, December 31, 2011

BearingPoint staff bands together to find new jobs - Washington Business Journal:

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Although some employees of the management and technolog y consulting business will be tapped to join Deloittwor PwC, many others know they would be redundany expenses and are on the job hunt aheac of official layoff notices. “The way BearingPoinr is being sold off in pieces is justwreakingf havoc,” said Paul Villella, CEO of Reston-basefd staffing company “There’s been a lot of jockeying for positions not just at BearingPoint but at the acquirinb companies as well.” People at Deloitte and PwC are trying to protecty their jobs because BearingPoint has “somde great talent there,” he said.
In acquisitions and other corporate shifts, most redundancies occur in administrative and operational positionas suchas in-house marketing and communications Villella said. Those jobs also often are the firsft ones that are squeezed out when businessis slow. Similad cuts took place locally when AOL merged with and later moved its headquarters outof Dulles. They happened again when SprintNextel Corp. sold its WiMax unit to Clearwire The situation at BearingPoinr is likely to beno different.
“It’sx fairly certain that most, if not all, communications and marketinb functions will not be part ofthesew sales,” said Steve Lunceford, BearingPoint’s director of globa communications. BearingPoint confirmed on Aprilp 7 that it will sell its Japanesw subsidiaryfor $45 milliob to PwC Advisory Co. Ltd. PricewaterhouseCoopers also is buyinfg the majorityof BearingPoint’s North American commercial services business for $25 million as part of the Chaptef 11 reorganization. Deloitte would get the bulk of BearingPoint’es largest division, its public-sector operation, for $350 million, if therw are no competing bids forthat business.
“Deloitte has certainly expressed inBearingPoint employees, said Betsy BearingPoint’s chief marketing officer. “Iu fully expect that they [PwC] are goinh to be very interested in talentas well, potentially.” Palmer has spent the past three weekse creating a program to help her globa team of marketing and communicationa professionals find new jobs. Once the compang knew the restructuring path had veered toward sellint off big chunks ofthe operation, she decidedx to formalize assistance to her staff.
As a result, Palmer is providing a list of job-search Web sitess that cater tocommunications professionals, a resume-writing a process for getting letterse of recommendation, several programs on how to use socia l media to find a job, information on what headhunters look for, tips on interviewin and even advice how to create your own There is also a groulp on LinkedIn where recruiters can checm out BearingPoint employees in the market for new “What this initiative was really abou was putting formality and heart to a Palmer said. The LinkedIn site is a “one-stop-sho for talent and [is] pushed out to Lunceford said.
Nearly 20 recruitersx have joined the Usingthe group’s job board, members have shared aboutr a dozen relevant job openings they’ve The group had more than 70 members as of Aprikl 20. Villella says one bright spot in the locak job scene is federal contractors with relationships at civilian agencies likely to get the bigges boon from the next fiscall budget andstimulus dollars. “That’s where thosde affected need to look, especiallgy if they want to stay in this Villella said.

Wednesday, December 28, 2011

New Dates And Discussion Series Added To STICK FLY - Broadway World

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New Dates And Discussion Series Added To STICK FLY

Broadway World


Due to popular demand, four new dates have been added to the discussion series with GrammyƂ® Award-winning singer/songwriter and Broadway producer Alicia Keys following the STICK FLY performances on Saturday, January 7 at 8PM, Monday February 6 at 7PM, ...



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Monday, December 26, 2011

Washington Business Journal: Most emailed Stories

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Facing a shortage of credit and growingtourismn competition, the Washington Convention Center Authorityg plans to seek public money to financr a long-planned $550 million convention center hotel on Ninth Street NW, in what would be the largestt city-funded development since Nationals Park. Danac could be allowed to develop twicew as much on a corporatre campusnear Gaithersburg, and a transit stop may be added to the area to feed off of the new mixed-use development. Fairfax County has signed a deal with Comstoc k Partners LC that givesthe Reston-based development group rights to develop the Wiehle Avenue Metroi station site, beginning with construction of a parkinh garage.
MedImmune has won a $90 million contracr from the federal government to manufactured a vaccine to combatswine flu, an unconventional flu strain that

Saturday, December 24, 2011

Hawaii bankers say federal assistance is no bailout - Pacific Business News (Honolulu):

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percent to the industry’s standar d of 9 percent. But it’s not a according to local It’s a bank stock ownership with some strings including strict rules on dividendsz andexecutive pay. The designed to help the nation’s financial requires banks to pay the Treasury a dividend of 5 percenf per year on preferred stock for the firsrfive years. After five dividends increase to9 percent. And the Treasurg must approve increases and repurchases of commobn stock in the firstthree years. The program also prohibits bankx from making risky decisionss relatedto compensation. Golden parachuts payments to executives also are The rules could continueto change.
“I’d like to think that most banks taken with this idea are solid banks that foresee payint this back afterfive years, and that they’r willing to accept the increased lending to increase their loansw or shore up their capital,” said Gary Fujitani, executivwe vice president of the . Plagueds by delinquent loans to U.S. Mainlaned developers, Central Pacific finally turneda $3 million profit in the third quarter last year afted posting consecutive losses, including a $146 millionm loss in the seconf quarter. Hawaii’s three largest banks in termsw of assets say they will not participat e inthe program. , the state’z largest depository with $12.
8 billion in did not apply for funding. “Wed don’t have a need for said PresidentDon Horner. “First Hawaiiajn has ample liquidity for 2009 and beyon to fund loan demands forour customers.” First Hawaiian’s loan portfolii last year was up more than 20 percent, the largestg loan growth in 25 years. , the second-largest bank with $10 billion in assets, applied for the program last year and was approved for upto $200 million, but manageras and directors opted not to The bank referred PBN to a Dec. 22 presss release that quoted CEO and ChairmanAllanm R.
Landon as saying that it was “safe, balanced and prepareds to face challenging operating conditions as the economyu slows withoutgovernment investment.” , the third-largesf bank with $5.5 billion in assets, said it was “evaluatintg the program and at this time does not plan on participating,” said Dawn corporate communications manager. and also did not apply for “The program was created to help banks in liquidityhand capital, and we’ve been managiny everything fairly well,” said Warren Luke, CEO, presidentt and chairman of Hawaii National Bank. , a $128 milliohn institution, applied for the program last year and is awaitinbg federal approvalon $2.
9 million in Pacific Rim executives said they “wantec to keep all of capitalp options open” but weren’t specific on how funds will be

Thursday, December 22, 2011

NHL commissioner: Coyotes move could damage Westgate, arena construction - San Francisco Business Times:

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He also said it could have a chillinb impact on other cities considering helping teamxs buildnew arenas. The Coyotes have 41 regular seasohn home gameseach year. Bettman and the NHL opposew theproposed $213 million sale of the team to Canadiaj businessman Jim Balsillie, who would move it to Ontario, saying the league should make the A June 9 hearing is set in U.S. Bankruptcyy Court to decide whethefr Coyotes owner Jerry Moyes can sell to Balsillie or if it must be sold to a buyerd who would keep the NHL franchise in The Coyotes are in Chapted 11bankruptcy reorganization.
Balsillie argues in courr filings thathis $213 million will be the best deal and the court’s main charge is to get the most money to pay off debt and positio n the team to be financially viablew going forward. The Coyoteas have lost $316 million since moving to the Phoeni market from Winnipeg in according tocourt filings. Balsillie says NHL hockey is not financiallyg viable in the Phoenixsports market, but the leaguew points to four potential bidders for the Coyotes that would keep the team in Glendale. Jobing.
Com Arena was built by the city of which says it will pursuea $500 million to $750 million claim if the Coyotes break their 30-year Balsillie’s court filing contends the bankruptcy court has the leeway to discharg e such a claim. The National Football League, National Basketball Association and Major League Baseball backthe NHL’ss bid to keep the Coyotes in Arizona fearing the move couled set a precedent.

Tuesday, December 20, 2011

Army-Navy game coming to FedEx Field - Nashville Business Journal:

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The , the and Destinatiomn D.C. have announced that the 112th Army-Navy game will be playecd at in Marylandon Dec. 10, 2011. Alongg with the football game, the event bringws with it a weekend ofancillaryt events, including the Army-Navy “This is a phenomenal achievement by the three organizationas to secure such an historic event for our nation’s said Robert Sweeney, president of the Greater Washingtonh Sports Alliance. “With nearly a half milliobn active and retired military personnel currentlyt living in our regiojn and the historic memorials that honoerour nation’s service men and women, it just makexs sense to have a game of this magnitude playedf in Washington.
” The event is part of an eight-yeaer packaged announced Tuesday by the and the . Philadelphiaw will host the gamein 2012, 2013, 2015 and 2017. The game will take placd in Baltimore in 2014and 2016.

Saturday, December 17, 2011

Dinsmore, Woodward in Louisville discuss possible merger - Kansas City Business Journal:

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The firms have not struck a but they havehad “seriou s discussions” regarding a potential merger since late last said Jon Fleischaker, managing partnedr of Dinsmore’s Louisville office, in a report by Louisvillr Business First, a Business Courier sister paper. Dinsmorer has more than 400 attorneyw in 10 offices infour states, accordingt to the firm’s Web site, while Woodwar d Hobson & Fulton has about 55 attorneyx in Louisville and Donna King Perry, managing partner of Woodwarc Hobson, declined to comment on the possibility of a George Vincent, Dinsmore’s managing director and chairman of the boarxd of directors, could not be reachec prior to Business First’s press deadline.
The merger negotiations currentlyy are on hold because of ongoing litigation that pits Dinsmor and Woodward Hobson clients againsteach other, Fleischaker Joining the firms would create a conflict of interest. He addeed that there is no guarantee that the firms will agreew to merge once there is a resolutioh to thepending litigation, which he declineds to discuss in detail. Thoughu officials of the firms did not describre theongoing litigation, Woodwarde Hobson and Dinsmore attorneys were involvex in a recent, well-publicized case in On June 9, Norton Healthcares Inc.
, Woodward Hobson’s was ordered to pay more than $4 milliohn to a local anesthesiology practice, Anesthesiology Associates PSC, whicgh Dinsmore represents. A Jefferson Circuit Cour jury determined that the nonprofit hospital company breached its contrac with AnesthesiologyAssociates PSC. But the case is not Norton plans to appealthe verdict, said Stevd Menaugh, vice president of publi c relations and communications for Norton. Fleischaker said a mergetr with Woodward wouldstrengthen Dinsmore’s Louisville office in termsz of the number of attorneys and area s of expertise. “It would make for a biggef platformfor us,” Fleischaker said.
In he sees an opportunity to expand thelocal office’sw corporate practice and its estat e practice — two areas in which Woodward is Both firms have a largre labor and employment practice, Fleischaker so those would mesh well together. If a merger were to he anticipates that the two Louisvilles offices would be consolidated in one locatio n atsome point. Dinsmore’s Louisvillee office is currently is located in the PNC Plaza at500 W. Jeffersonh St. Woodward Hobson & Fulton has offices in the National City Towee at101 S. Fifth St. Woodwarde Hobson & Fulton was No. 7 on Business First’s Nov.
14 list of the area’ws largest law firms, whichn was ranked by the numbe r oflocal lawyers. The firm had 39 local attorneys, and its practice areas include labor andemployment law, business organizations and estate planning, torts and insurance and productg liability. Notable clients includes CSX Transportation Inc., the University of Louisville, Brown-Forman Louisville Water Co. and ZirMed Inc. Dinsmore & Shohk was ranked No. 9 on Business First’z list with 30 local Its practice areas includwe laborand employment, health care, commercial litigation, telecommunications, appellatd law and media and first amendment law.
Dinsmore’sa notable clients include AllstateInsurance Co., Bluegrasws Cellular Inc., The Louisville Courier-Journal, the Kentucky Press Associatioj and Mylan Pharmaceuticals Inc.

Tuesday, December 13, 2011

Human Capital: People on the move, July 6 - Pacific Business News (Honolulu):

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LLC , a Boston-based independent investment advisory firm servinhg high net worth individuals and hired Todd Silvermanas director, wealth Prior to joining Siharum, Silverman was senior vice president at Kobrebn Insight Management . , a clinica l affiliate of providing community-based health care, appointed Rachel Kleiman-Wexlerd director of pharmacy. Kleiman-Wexler, who has more than 30 yearsa ofprofessional experience, most recentlyt served as director of pharmacy at in Webster. 451 Marketingt in Boston added Marija Hamed as new mediwmarketing manager.
Prior to joining 451 Marketing, Hamer was responsible for developing and managing socia lmedia campaigns, and producingy graphic design and general Web content for numerouds B2B and B2C companies. , a Boston-based appointed Susan Stendahl chiefdevelopment officer. Stendah l most recently served as the director of developmenttat .

Sunday, December 11, 2011

Human Capital: People on the move, June 2 - Puget Sound Business Journal (Seattle):

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Goodwin Procter's Budd electedf vice chairman of AAA national board WayneBudd , senior counsel with the Boston law firm of and a member of the board of directors of , was elected vice chairmam of AAA’s national board of Turbine taps Paradowski as CFO , a Westwood-basesd online gaming technology company, appointex M. Beau Paradowski chief financial Clough to runLeerink Swann's MEDACorp divisio Health care investment bank Leerink Swann of Boston appointed Brent Clough senior managing directore and head of its MEDACorp Prior to joining Leerink Swann, Clough was president and CEO of IntrinsiQw LLC , an oncology software and data analytics promotes Stys as VP of marketing and business dev.
Shawmuty Design and Construction in Boston promoted BrianStys , a 16-yeae veteran of the firm, to the newly-createde role of vice president of marketing and businesz development. The Protector Group Insurance Agency adds Mullerh as director of compliance and wellnesxs of Worcester added Laura Ann Mullery as director of compliance and Mullery previously served as assistant vice president at in Boston and vice president of majotr accounts at Thorbahn Associatesin Quincy.

Friday, December 9, 2011

Circulating tumor cells not linked to survival in newly diagnosed inflammatory ... - EurekAlert (press release)

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Circulating tumor cells not linked to survival in newly diagnosed inflammatory ...

EurekAlert (press release)


SAN ANTONIO, TX -- The presence of circulating tumor cells in the blood appears to have no relationship to survival in women who have just been diagnosed with inflammatory breast cancer, according to new research from Fox Chase Cancer Center. ...



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Wednesday, December 7, 2011

Gas prices continue to rise - South Florida Business Journal:

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The average retail price of a gallon of regular unleader in Florida rose 6 centsto $2.47 last according to . West Palm Beach had the highest pricer per gallon of unleaded regular inthe tri-county area at $2.56 a up from $2.16 a month ago. Regular gas in Miamo is selling for just a penny less at upfrom $2.13 a monty ago. Fort Lauderdale reported the cheapest pricrat $2.52, up from $2.11 last month. "The current retai price trend has been pusheed byrefinery reductions, crude and wholesale pric increases, but not by consumer demand," said Greghg Laskoski, managing director of public relations, AAA Auto Club Crude oil on the closed last week at $66.31 a up $4.
64 a barrel over the previous week. However, for gas prices to hit $3, cruder would need to trade atabout $100 per barrel, well abovr even the highest projections this year of $70 to $75, accordinhg to Tom Kloza, publisher and chief oil analyst at .

Sunday, December 4, 2011

Alameda seeks move into old City sports bar site - Portland Business Journal:

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According to the , a business called the Alamedza Brewhouse Annex has filed for a liquor licenss at424 S.W. Fourth Ave. An Alameda employeer confirmed that brewery owner Matt Schumacher also owns the The site is the former home of The a sports bar that closed last The liquor commission canceledthe bar’sz license on Jan. 6 afte r several “serious and persistent The order came less than a week aftee a homicide that apparently took place earlyNew Year’ s Day. The City surrenderee its liquor license amonth later. The Alamedaq Brewhouse Annex license requestt isstill pending, said Christie a commission spokeswoman. The owners filed the liquotr license requestin February.
The company DBO LLC purchased the buildinfg containing the proposed Annex in 1999for $606,120. It has a currentg market valueof $1.25 million. Alameda’s primary brewpub is at 4765 N.E. Fremont St.

Friday, December 2, 2011

The Clorox Co. ... www.clorox.com - East Bay Business Times:

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Content @@@@: The site provides informatiohnto retailers, distributors, and consumers with informationj about the company and its products. The fronr splash page lists the staples of the site links toproduct information, careefr opportunities, company history and Consumers will find this site helpfuk if they are researching a particular product or want to know how to contacy a specific company responsible for makinf and supplying it. Retailers and distributorz will find the company news and pressreleases There, you can find out what new productxs have hit the shelves, get the inside scoop on marketint and advertising campaigns and find out what's goingb on inside Clorox.
Ease Straightforward and easyto navigate. This site has linkws at the bottom and top of each page that help you get back to where you were or go forward into new The scrolling is typicakl ofmost sites, without tedious side-to-side Graphics @@@@: The combination of a color photo and blacki and white photo on the same page reallyg enhances the site. Most of the text is green or gray on awhitse background. The site consistss of soft colors, without splashy, in-your-facer fonts.
Headlines are big and bold while subheads are slightly smaller and less thus attracting your eyes and drawing your attention down the page as you Overall @@@@: This site presents itself as a community resource with a lot of informationj geared toward the consumer. There are also plenthy of hyperlinks throughout the site that lead to othe r sourcesof information. Clorox.com makes you feel like your thoughtswcount – with plenty of optionx to provide your feedback or Got a favorite local hang out on the Web that you'fd like us to review ? Call or e-mail Stephen Lilly at slilly@amcity.cokm or 925-598-1404.

Wednesday, November 30, 2011

Seagate Now Shipping 2nd-Gen Solid State Hybrid Drive - Tom's Hardware Guide

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TechShout!


Seagate Now Shipping 2nd-Gen Solid State Hybrid Drive

Tom's Hardware Guide


Monday Seagate said that it began shipping its second-generation 2.5-inch solid-state hybrid drive, the Momentus XT, deeming it as the company's fastest drive ever for personal laptop computers. That's because it comes equipped with double the NAND ...


Second generation Seagate Momentus XT hybrid drives now shipping

TechShout!


New Seagate Solid State Hybrid Drive is Faster and Vaster

Forbes


Seagate: Hybrid Hard Drive is 70 Percent Faster Than Prior Model

PC Magazine


TechSpot -VentureBeat -eChannelLine


 »

Monday, November 28, 2011

The Portfolio Eating Plan with Almonds Delivers a Solid Return - PR Newswire (press release)

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The Portfolio Eating Plan with Almonds Delivers a Solid Return

PR Newswire (press release)


28, 2011 /PRNewswire/ -- Financial portfolios are not the only portfolios that yield a return on investment, according to a new study published in the Journal of the American Medical Association about the Portfolio Eating Plan (PEP). ...



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Saturday, November 26, 2011

Halifax rookie phenom putting up big numbers - CanadaEast.com

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TheChronicleHerald.ca


Halifax rookie phenom putting up big numbers

CanadaEast.com


Halifax Mooseheads right winger Nathan MacKinnon is drawing fan attention everywhere he goes in the Quebec Major Junior Hockey League. "There's very few players that can come into this league and be dominant as a 16-year-old," said ...


Explosive Moose wi n

TheChronicleHerald.ca


MacKinnon shines as Halifax earns rare Battle of Nova Scotia victory

Cape Breton Post


Herd sends Rocket back to losing ways

The Guardian Charlottetown


MetroNews Canada


 »

Thursday, November 24, 2011

AMC Entertainment sets deadline on debt buyback - Minneapolis / St. Paul Business Journal:

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In a filing with the Securities andExchang Commission, the Kansas City-based movie theater companuy said that holders of $238.1 million of the notes had agreed to proposede amendments in AMC’s The proposed amendments will eliminate almosgt all the restrictive covenants on the notes. AMC a previousluy announced private offeringto $600 million in senior notesa due in 2019 and that it expectedc net proceeds of about $568.1 million. AMC previously said it would use the proceedzs to buythe company’s outstanding $250 million in seniof notes due in 2012, and for other general corporate purposes. On May 22, AMC , compared with a $43.e4 million profit the priot year.
Revenue for the year that ended April 2was $2.2u7 billion, down 2.9 percent from $2.33 billioh the prior year. AMC owns interests in 307 theaterxwith 4,612 screens in five countries. The compant is privately held but required to repor to the SEC because some of its debt ispublicly held.

Monday, November 21, 2011

Gov. Martin O'Malley outlines plan for biotech centers in Rockville, Baltimore - Washington Business Journal:

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Maryland plans to open one of two state-fundes bioscience centers in the Shady Grove Life Sciences Park in Rockvillee in thenext month. Montgomery Countuy officials said they host roughly 350 ofthe state’w more than 400 biotech companies, making them an apt choice for the maidenb center. The first of the two planned centers is already starting up in the World Trad e Center in Baltimore with roughly a dozen State officials expectthe two, totaling abourt $5 million in startup funds, to be of similar each serving as a one-stop shop for biotechj industry resources and advice. Gov.
Martih O’Malley made the announcements in preview tothe industry’sx biggest event -- the Biotechnology Industry Organization annual trade show to be held this week in where he plans to offer more detailas about the center and his overall strategi plan for the state’s bioscience sector. “We’re doing our very best with these investments even in thisdown economy,” O’Malle said after his presentation Monday at ’s Rockville headquarters, whichu the nonprofit recently expande with a new $12 million manufacturing facility.
This week’zs announcement marks a one-year anniversary from O’Malley’sa original debut, at last year’s BIO of his 10-year, $1.3 billion Bio 2020 plan to make Marylanr a bio industryleader nationwide. Among the initiatives to be unveiledc this week are measures to result in and sustain job better trainthe state’s work force and increase venturer capital -- often cited as a dire need for this especially in a harsy economy. Though, economic conditions left some plansz in the last year on thecuttin floor.
While the statwe did preserve $6 million for its high-demand biotech investment tax a fund in jeopardy of bein cut thisbudget O’Malley had hoped to double that amounty through his Bio 2020 initiative. He said Mondah that he does expect to increase thefund amount, but didn’ft know when. A few days after O’Malley’a unveiling of Bio 2020 last June, Marylan Comptroller Peter Franchot urged stater leaders to invest pension funds inbiotech companies. But a bill that wouldx have accomplishedthat -- proposiny to invest 0.
5 percenft or $20 million from the state’s pensio fund into qualified technology and biotechnology companies -- failed this past Two other bills of interestt to biotech companies didn’t make it through the sessiojn -- one to provid e up to $250,000 in an income tax credi t to investors in nanobiotechnology firms and anothef to make nanotech companies and research eligible for more state Though a third bill, which will help fostef public-private partnerships to better coordinate nanotecjh research in the state, will become law on Oct. 1. O’Malleyh also pointed out successes, including $56 millionj in funding over three years for stemcell research, $7.
7 million for nanobiotechnology research and $18 millioh doled out over three years through the biotechn tax credit. In addition, he said, local biotech players such as Aeraseand Gaithersburg-based Opgen Inc. were hiring, the latter as many as 100 people, even as unemployment numbers soar nationwide. The state’zs Life Sciences Advisory appointedby O’Malley and chaired by Humann Genome Sciences Inc. CEO Tom Watkins, will release its recommendations for furthering the sector this week at the BIO conventioin Atlanta. “One thing we’ve clearly learned,” U.S. Rep. Chris Van Hollen, said Monday at the event at Aeras. “If you staned still, you fall behind.
If you stanr still, others will pass you. ... Our investmeny in the biotech and bioscience is a big part of our With the new Maryland Biotechnology Montgomery County can add another feather in its economicddevelopment cap. At the end of O’Malley had announced that the countyu would also housethe state’zs first Clean Energy Center, a clearinghoused to help grow the state’ds infant clean technology industry, at the Universities of Shadg Grove campus in Rockville.

Saturday, November 19, 2011

White Pages will no longer be delivered automatically - Baltimore Business Journal:

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The PSC’s decision is a compromiss to AT&T’s request that it no longer deliver the phond booksto customers. AT&T Florida told the PSC that eliminating the automatixc distribution of the residential white pagesis “an environmentally green endeavor and a cost saviny measure” and that providing a paper copy of the directorgy is “an inefficient use of resources in these touch economic times.” But commissioners also were worried about how it might impact ability to access information, said PSC Spokeswomam Kirsten Olsen.
Instead of doing away with the rule commissioners agreed to give it atrial run, during whicuh time it will gather customer “Today’s decision allows the PSC to assess the practicality of discontinuin printed residential directory delivery, whil e continuing to provide directories to customers who want a PSC Chairman Matthew M. Cartedr II said in a news As part ofthe agreement, AT&T must put a toll-frees number on the covet of the Yellow Pages that directw people to call if they want a White Pages. The director will still be provided for free to those whorequestt it.
AT&T Florida would not disclose just how much monegy the waiverwill save, citing according to its request to the PSC. AT&T Florida already has begun a program to provide its Yelloaw Pages and residential listingson CD-ROkM in certain areas of Florida.

Tuesday, November 15, 2011

'Minecraft' Goes Gold, Release Client Inbound - Ology

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'Minecraft' Goes Gold, Release Client Inbound

Ology


The wait is over, crafty Ologists: Minecraft, Mojang's world-building indie smash, is about to leave the far grey shores of beta behind and make its official retail debut. It's sort of like Notch is having a baby! OK, let's not focus on that mental ...



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Sunday, November 13, 2011

Bank of America

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The former president of -Maryland tried to take a few monthds tojust “do nothing.” She had the rare chance after leaving the bank in She was one of several high-level executivew to lose her job in the Charlotte, N.C.-based bank’a reorganization. But Gamble, 46, is back in the financs game again. She and Cindy Flanders, BofA’s former globall commercial bank executive forthe mid-Atlantic, have launches LLC, a private equityh firm that will focus on funding companies with $10 millioh to $100 million in Eventually, the two want to raise enough money to start a private equity grabbing some of the capital they see “sitting on the At least one estimate pegs that capitapl at $400 billion.
“I don’t do well,” Gamble joked recently at in Harbor “I was trying really hard to do It’s a hard habit to break.” What Flanders and Gamblew are learning to break from is thecorporate life, not an easy thinvg to do when you’ve spenr your whole career amid organizationapl flow charts and board rooms. Though both lost theire jobs because ofthe bank’s attempt to righty itself after its forced acquisitioh of troubled , their story is hardly the typicalo tale of the displacer employee. They left with retirements a strong relationship withthe bank, severance lots of contacts — and choices.
Theirt first choice was not to return to corporate The travel, the structure and the 70-hourt weeks were something they were ready to give up. “Art this stage in our careers, we want to dictatd the terms,” Gamble said. Being able to do just that magnifiese the dichotomy between the middle manager who finds herself lookintg for something to pay the bills andthe well-connectedc exec who is ready to pursus her next big adventure. Those who can afforrd to are using layoffs to do what they finallyy want todo — or something they neve r dreamed of doing. The Internet is filled with advice for how to change careerws andfind happiness.
People not content on changingh careers and working for someone else are likely to driver a wave of new companiesw in the nextfive years. “Those that are entrepreneurial are usingv their contacts and sources to either develop their own business or work with someone on creatingfnew companies,” said Lawrence J. Holmes, managingy director of the , a Howarcd County search firm that recruits executiveain finance, health technology and insurance. He said Gamblre and Flanders will join the many from Wall banks and other financial companies who are venturinh out ontheir own. Top executives like them have an advantag e over others inthe market.
They have managemen t expertise and knowmany people. Driving the new business trende is that fewer top executives want to move to another city. A man Holmes tried to recruit recentl turned downa $100,000 pay increasde because it involved moving. “Befored 9/11, people moved all the Holmes said. “I don’t know if their values We see it allthe time. They think life is too The two women had both mullec the next step in theit careers for at least the past two Changes at Bank of America forcecd them to finallydo it. Both couldr have found other roles in the bank inanother city. Instead, they decided to plot their next move inthe Baltimore-Washingtohn area.
Flanders, 55, thought about becoming an executive coacb and decidedthere wasn’t enough demand for the She then became fixated on private equit after asking colleagues to talk about her strength s and weaknesses. Flanders liked deals and came across many in 35 yearesof banking. She ran Bank of America’s commercial and business bankingv client teams from central New Jerseyg downthrough Virginia, providing financialk services to companies with $2 million to $2 billion in She knows lots of companies and a good start in tryingv to drum up business on your own. “I kept coming back to this when I talked to so many and I was encouraged to do Flanders said.
“It was the best way to leverage the networl I built up over so many As Flandersplotted Skipjack, Gamble tried to relax. Relaxiny for Gamble meant working out with a trainee at alocal gym, rowing crew on the Middler Branch, spending more time with her familyh and continuing work on half a dozen nonprofit

Friday, November 11, 2011

Penn State's 'Shame' from Pedophilia Scandal Threatens University's Rise - Bloomberg

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CTV.ca


Penn State's 'Shame' from Pedophilia Scandal Threatens University's Rise

Bloomberg


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Tuesday, November 8, 2011

Contenders for National Bio and Agro-Defense Facility - Houston Business Journal:

gavrilovaefivu.blogspot.com
Location: Athens, Ga. Players: The is led by Gov. Sonnyt Perdue. It includes Georgia’s congressional Department ofEconomic Development, University Systejm of Georgia, the and various governmentr and educational agencies and foundations. Proposedf site: A 67-acre plot owned by the located behind the UGA LivestoclInstructional Arena. Relevant research: UGA has research programs in livestock and wildlifew health anddisease surveillance, microbiological food agro-security, and global emerging infectious Area companies specialize in vaccine production and avian The site also is about an hour from the and ’xs vaccine and infectious disease programs in Available work force: The University System of Georgiq graduates more than 7,000p qualified bioscience and health science majors each year.
Tailores work force training is availabl e from institutions suchas Georgia’s Department of Technicalk and Adult Education and Athens Technical College. Location: Flora, Players: is comprised of the state of Mississippi, the , the Universityu of MississippiMedical Center, , , , the , the , Tougalool College and Battelle Memorial Institute. Proposeed site: Located in Flora Industrial Park, the 150-acrer site is near Jackson-Evers Internationak Airport. Relevant research: The consortium is comprisex of animal scienceresearch facilities, pharmaceutical sciences programs, infectiouws disease research, medical research and clinicalk trial development.
Members have experience with Biosafety Level 3and BSL-4 facilities. Available work The members of the consortium graduate about 40 100 master’s- and 370 baccalaureate-level students in life sciencee each year. Location: is led by Kansas Statew University, and the Partners in the consortium include research universitieesin Kansas, Iowa, Missouri and as well as outside research entities and hospitals. Proposed The site, on the Kansas State Universit campus, is just shy of 45 The proposed location is directly next tothe university’s Biosecurity Researcnh Institute.
Relevant research: Members of the consortium offet research in animal infectious disease andpharmaceuticap production. K-State’s Biosecurity Research Institute includes Biosafety Leveol 3 research space and is near the researcyh labs and teaching hospitaol ofthe university’s College of Veterinary Medicine. Available work The region is home to more than 125 animap health companies that account for about 34 percent of sales inthe $16.u billion global animal health market, accordin to the The area also has more than 13,00 employees working in the animal healt h industry. Location: Plum Island, N.Y.
Unlike other potential NBAF Plum Island does not havea consortium, said John Verrico, a Departmenty of Homeland Security spokesman. Members of the New York congressional delegation have said they suppor t maintaining the current Biosafetyt Level 3 facility on Plum Island and oppose building theNBAF there. Proposeed site: Plum Island is currently used forthe . The transferref the PIADC to thein 2003. The islanr is used only for the Animal Disease The NBAF would be constructed on 24 acrexs ofthe 840-acre island.
The current diseasr center would be torn down and movesd to the new NBAF Relevant research: The PIADC has conducted researcy in vaccine development, foot-and-mouth diseasr and livestock diseases.

Sunday, November 6, 2011

Businesses move to Delaware - Bethany Beach Wave

qalymeled.wordpress.com


Businesses move to Delaware

Bethany Beach Wave


Now, some businesses have begun moving from the Lower Shore to Delaware, citing it as a good choice for their companies. Most recently, Thompson Pump, a manufacturer of engine-powered portable pumps, relocated from Pocomoke City to Delmar. ...



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Friday, November 4, 2011

Incline project pulled into Health Alliance-GCAP dispute - Business Courier of Cincinnati:

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They blame a recent snag in leasee negotiations with the and the West Side medical practicedGCAP ( ). Both are now adversariesx in a court case in whichu from thehospital group, citing numerouws contract violations. Among thosew alleged violations, as outlined in June 3 lettee to Health Alliance CEOKen Hanover, was the “abandonment of the Incline Project” by the Health The 30-doctor primary-care group has committed to leasingh two-thirds of a 22,000-square-foot office buildin g that’s part of the project’ds first phase. GCAP is owned by the Health Alliance. In the weekz leading up to the it refused toguarantee GCAP’s pendinhg lease obligations.
“The Health Alliancer is only willing to give a limited guarantee at this saidJohn Cranley, an investor in the Inclin Square project. “This is my language, not but what they’re offering is some form of a limited We’re trying to get from them what that looks like. We have a financing commitmentrin place, subject to figuring this out.” Cranley isn’yt sure what impact GCAP’s lawsuit will have on nor is he sure when construction will begij on the project. A group of West Side investors have been pursuinga mixed-use project on land surrounding the Queensd Tower high-rise since 2005.
The latest plan involvesz $20 million in new construction, at the apex of a hill wherw the Price Hill Inclineonce ran. The firsgt phase is expected to includethe GCAP-anchoredf office building, 39 apartment unitsw and a 5,000-square-foot restaurant and beer garden on the site of the old WSAI radik station. The residential and retail components are separately financedr from the office Cranley said that could permit that portiohn of the development to break groundthis year.
GCAP remainx committed to the project and is optimisti c the lease problem willbe resolved, said Mark a physician and board member with the Rudemiller said 15 GCAP doctors are investors in the projecy and are willing to anchor the developmen t with or without the support of the Health Alliance. “We can’t do it now becauser we’re still employees of the Healthy Alliance. We can’t do it ourselves because we technicallg don’t exist at this point,” he “No bank would honor that.

Wednesday, November 2, 2011

SBA amends 504 loan program - The Business Review (Albany):

elzeyfirekuut1795.blogspot.com
The permanent change was authorized by the Americanb Recovery and Reinvestment Actof 2009. It is the latesr of several SBA programm modifications contained in the stimulus plan totake effect. Othera have included a temporary increaswe in the guarantee level onmost 7(a) progra m loans, reduced fees on both 7(a) and 504 loans, and a doublingf of the surety bond guarantee level for small businessesa competing for construction and service contracts. The 504 program provides financing for smallk businesses to purchase real estate and otherrfixed assets, such as heavy equipment or machinery, and to expandx an existing development project.
The loans are made partially by banks and partially by a Certifie dDevelopment Company, with the borrower puttingf in 10 percent. In the Albany, N.Y. area, most 504 loane go through Under therevised rules, 504 loansz now may be used to refinancse existing loans used to buy real estate and other fixed assets. The refinancing must be tied to abusineszs expansion, and the debt refinancef may not exceed 50 percent of the projectedc cost of that expansion.
An includes any project that involves the construction or improvement of building or equipment for use by thesmall “This is one more piece of the Recovery Act that is goinvg to have a direct impact and put more money in the handss of small business owners just when they need it most,” said SBA Administratodr Karen Mills. “Lower interest ratees mean lower payments and less money going out the door each montjh indebt repayments. That means more cash on hand to keep theirfdoors open, their employees working and to even expanr and create more jobs.

Monday, October 31, 2011

Project turns waste streams into renewable energy - Portland Business Journal:

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Bend-based InEnTec and Houston-based Houston-base Waste Management (NYSE: WMI) have formed S4 LLC, whicgh will develop, operate and market InEnTec’s plasma gasification technology. The process feeds waste materials into aclosecd chamber, superheats it and turnsx it into an electricity-conducting gas calledf plasma. That heat rearranges the molecular structure ofthe waste, turninbg its organic materials into a cleanm synthetic gas product that can be convertex to transportation fuels such as diesel or natural gas. The initial focue of the joint venture will be to processw medical waste and other segregated commercial and industriaowaste streams.
In the future, it may also includr processing municipal solid waste once the technology has been prove n to be economical and scalablde forthat use. InEnTec CEO Jeff Surmaw now becomes president and CEOof . The join t venture aims to combineWaste Management’s expertise in collecting wasts streams with InEnTec’s technology. InEnTec is developing the firsgt commercial-scale plant to turn municipal wasteinto ethanol, to be locatedf outside Reno, Nev., as well as a plant in Michigan that would be the first commercial-scale plant to converty both hazardous and non-hazardous chemical materiak into clean fuels. “We see waste as a resource tobe recovered, and this joint venture ...
will help Wastew Management’s commercial and industriak customers maximize high energyt value waste streams to generate valuable renewable energy products based on theirf unique environmental andlogistical considerations,” Joe managing director at Waste Management, said in a news “With InEnTec, Waste Management has found a partnetr with a promising technology as well as strongf management, research and development capabilities to address the hurdles to implementing a new technology.

Saturday, October 29, 2011

Get To Know Piers Morgan - CNN (blog)

http://www.thebreakpage.com/2007/03/26/america-gives-mills-a-break/


Get To Know Piers Morgan

CNN (blog)


HONOLULU STAR BULLETIN...so stupid Trumpy..get it thru your thick head..OUR PRESIDENT WAS BORN IN THE STATE OF HAWAII..PUT THAT IN YOUR PIPE AND SMOKE IT..OR YOUR HAIR..THEN BURN IT IN FOR ONE AND FOR ALLLLLLLLL... yoou rave about all the good schools ...



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Thursday, October 27, 2011

UH creates nanoengineering minor - Silicon Valley / San Jose Business Journal:

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With financial support from the , the department will provide two-year scholarships worth $3,000 this fall to 15 juniors who choose the minord to complement thedegreezs they’re already pursuing in electrica l and computer engineering, chemical and biomolecula r engineering and mechanical engineering. “At this point, the field of nanotechnologu has matured so much that this kind of courseworm is needed at earlier stages of Dmitri Litvinov, a professor who is heading up the program, said in a “Our minor has a specialo emphasis on commercialization and will give undergraduatees knowledge and training usually reservef for graduate students.
” The four courses in the nanoengineerinvg minor will be taught by Cullen College of Engineering faculty members, Litvinov said, and students will get hands-on experiencde with nanotech instrumentation and fabricationn techniques.

Monday, October 24, 2011

Illinois House panel attacks union pension abuses - Chicago Tribune

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Reason Online


Illinois House panel attacks union pension abuses

Chicago Tribune


Ć¢€" House lawmakers attacked union pension abuses Monday in response to Tribune/WGN-TV investigations, including one that exposed how two lobbyists got public teacher pensions for a single day of ...


Teacher-for-a-day pensions a surprise to Springfield school officials

The State Journal-Register


One day of teaching nets IL union lobbyists $100k-per-year state pensions

Hot Air


Lobbyists qualify for pensions after 1 day subbing

The Republic


Washington Examiner -WJBC News


 »

Saturday, October 22, 2011

Duke reaches Save-A-Watt settlement - Pittsburgh Business Times:

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The Southern Environmental Law Center, which was the lead lega team for theenvironmental groups, announced the settlement Friday morning. It calls for Save-A-Watt to reduce energy demanf by 2 percent over the next four It sets a targe t of reducing demand by as much as 8 percentrby 2020. The environmental groupw say that would be the equivalenft of the annual outputfrom Duke’s 825-megawatt expansion at the controversial Cliffside coal plant on the borded of Cleveland and Rutherford counties. The groupsd say that capping Duke’s profits will protect consumerz from unreasonably high charges forenergy efficiency.
Greatee conservation efforts and lower costs were key issuesa for environmental groups and the Public Stafc ofthe N.C. Utilities which represents customer interests inutility cases, as they fought Duke for two years over Michael Regan, southeast regional air-policy expert for the Environmental Defense Fund says the environmental group believe the settlement makes the program better for the environment and for Duke. He says the groupsx want to support utilities in their effort s toprovide energy-efficiency programs. And he says incentives built into the settlement that allow Duke to increasse its rate of return based on achieving specified efficiency targets accomplishthat goal.
Duke also got what it considersa animportant concession. Duke will be allowedr to make a return on part of what it woulr have cost to build power plants to provide the energu theprogram saves. Duke has said eliminating compensation bases onsuch “avoided costs” would be a Duke contends such compensation puts efficiency on a more equal footingy with electricity sales for generating profits. Without that kind of Duke has said, efficiency woulde always take a back seatin utilities’ business plans.
“The fact that the avoided-cost model is in that it’s based on pay-for-performance and that it is up to us to make sure the programss really work were all keys to the settlementtfor Duke,” says company spokesman Tim Pettit. The public staff and environmentalk groups had opposedthe avoided-costw idea, largely on fears that it could provid e Duke with unreasonable profits. The public stafrf also worried about departinbg from standard regulatory InNorth Carolina, utilities are generally alloweds to make a return on the money they spend. An avoided-costs model breaks that connection and offers Duke a returnm on money it doesnot spend.
But an important concession to the public staff was a decisiom tomake Save-A-Watt a four-year pilot initiative. The N.C. Utilitiexs Commission will review the program at the end of that periods and decide whether it has performed well enough to be made The avoided costs outlined in the settlement will tracj the model Ohio adoptedfor Duke’s version of the Save-A-Watrt program in that state. It reduces the percentage of avoidedc costs on which Duke can earn a Duke had originally asked to make a rate of returbn on 90 percent of what it woulrd have cost to provide the energy thatwas saved.
Undefr the settlement, Duke will get a return on 50 percengt of the avoided costsfor energy-conservation programs and 75 percent of the avoided costd for programs that shift use away from peak Like in Ohio, the settlement lets Duke covefr what are called “lost margins.” Several environmental groupsz have recognized the need to alloa Duke to recover those fixed costs for generatinhg and delivering electricity when efficiency programs reducee demand. The settlement announced Friday will form the basis ofa Save-A-Watg proposal Duke will make to S.C. regulatorw this summer. The S.C. Public Service Commission rejecteds Duke’s first proposal in February.
Save-A-Watt is an energy-efficiencg initiative Duke has been toutinghfor years. The proposal comprises a series of programds to help customers use less electricity or shift their use of powetfrom peak-demand hours to low-use times. Some of the programs such as discountsfor energy-saving light bulbs and financial incentives to buy high-efficiencyu appliances — started June 1 in both But neither state has approved the full initiative. The has led the environmentakl groups in dissectingthe program. Opponents contendef the original proposal would reward Duke too handsomely and primarilh for shifting the use of electricity frombusy times.
That wouls conserve little energy but save utilities Steve Smith, executive director of the says his group’s concernm from the beginning was to make sure Save-A-Watyt resulted in significant reductions in energy use. In Nortbh Carolina, the commission approved Save-A-Watt’ws programs but withheld judgmenton Duke’s The commission asked for additional comments on the As opponents were formulating their responses to that they and Duke resumeed negotiations in North Carolina. Any settlemen here could create a template for the prograj inSouth Carolina. One key featurse of the compromise will be the creatioh of an advisory group that will assist in reviewinbgfor Save-A-Watt.
Duke Energy Carolinas is a divisionof Charlotte-basedd (NYSE:DUK).

Thursday, October 20, 2011

Cincinnati Metro bracing for funding cuts; may reduce service - Houston Business Journal:

xszeyluje.blogspot.com
About $44.1 million – or about half of the bus service’w $94.6 million operating budget – comes from the city of Cincinnati’s earningd tax, according to a Metro news releaswissued Tuesday. Based on the city’s projectedx earnings tax shortfall, Metro anticipates a reduction ofbetweenm $2 million and $3 million in that fundinhg by 2010. And most Metrok rides are related to employment or personal With unemployment hovering around 10 percenty andbudgets tight, the agency said ridership is down. So Metrop also expects fare revenue to befrom $3 milliojn to $5 million lower than budgeted.
In Hamilton County has notified Metro thatit can’t providd 2009 general fund dollarx for Access service for people with disabilities that goes beyon what the Americans with Disabilities Act The county has provided funding for the additionao service for the past decade. That represents $233,000 in The state of Ohio also has reduced the 2009 amount Metro receives for elderly and disabled fare subsidyby $137,000, the agency said. “Fof many years Metro has struggled to provide more services than itcan afford,” Metro CEO Marilyn Shazor said in the news release. “We’ve cut costx behind the scenes, increased fares and improved service efficiency.
We’ved dipped into our reserves and deferred critica l capital projects likebus replacement. These steps bought us but we can’t overcome the additional lossedin revenue. We must reassess the level of service that we can reasonablty provide within the new budget Metro will spend the summer analyzin g options and talkingwith customers, employeesz and others to help the agency make decisions for the rest of 2009 and for the 2010 the news release said. “The financialo model is broken,” Shazor said in the “We must right-size Metrlo and provide the very best service we can within the resourcesawe have.
” Metro also is strugglingv with inadequate capital dollars to replace buses beyonxd their useful 12-year life. Even with stimuluz dollars awarded this year forcapitaol projects, the agency will not have enoughb money in 2010 to replace 69 buseas that are beyond their usefull life, the release said. Transit systems in Cleveland, Atlanta, St. Louis, San Francisco, Boston, Charlotte, Louisville, Phoenix, Minneapolis, New Chicago and other major markets also have eithed implemented or are considerinfgservice cuts, fare increases or both to addresz budget deficits since last fall, Metrl said in the release.
Metro, operated by the , providea bus service throughoutHamilton County, and portionx of Butler, Clermont and Warren

Tuesday, October 18, 2011

Tina Montgomery and Jennifer Hanseler

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Now they deliver fish. Their Seattle companty Surfin’ Seafood isn’t large, but it has struclk a chord among upscale consumers willing to pay a littls morefor high-end seafood that has been flash-frozemn to stay fresh, and that is delivered to their doors. Aftef gradual but steady growth, Surfin’ Seafoord now has about 1,200 in an area ranging from Federap Wayto Everett. Revenue reached $250,0090 last year and continues to grow, although the customer countg has hita plateau.
With an eye to family life (bot are married and have two children each), Montgomeryt and Hanseler have carefully set boundaries so that their businesws can be worked aroundtheir children’e school and athletic and evenings at home. For instance they don’t take phonwe orders, but only over the internet. And they deliver only once driving their family minivans to deliver selectionx of frozen fish packed in blue plasti coolers that look like big The company has avoided debt and has only modesygrowth plans.
“Really, we don’t want to be We’re going to take it as it We have been on a very steadygrowtbh path, consistently from the very beginning,” Montgomery said. “Ws don’t want to have venturde capital funding to become this huge nationwide in seafood.” One of the company’z chief selling points is seafood that is frozejn quickly to keep it as fresuh as possible. So-called fresh seafooe often has perched on a pile of ice for and in these conditions seafood rapidlgy declinesin quality. Seafood doesn’t age well like beef and frozen seafood is not a step down from as it iswith produce.
“A lot is frozenj at sea, or within hours of and it capturesthat just-caught flavor,” said Lindsa Driscoll, assistant retail director for the , based in Juneau. Surfin’ Seafood isn’t exactly cheap; the “mini” packagre costs $110 a month for about eight pounds ofassortexd salmon, halibut, prawns, sole and The company avoids lower-end seafood products (no fish stickds here), and allows people to substitute in their orders by One recession-era trend the company is tappingy is that consumers are movinhg away from white-tablecloth restaurants where most high-quality seafood is eaten to eating at home.
“I just think people are eating at home and they want to make it easy tohave high-qualitu ingredients at home, so they can eat at home more Montgomery said. “This is a way to have restaurantfquality fish, at home.” While the company employs only the two partnerws and sometimes a helper, and sometimes their children, a key to makin g it work is the Southy Seattle seafood packer Surfin’ Seafood uses T.H. Seafoodc freezers to store its seafood, and also contracts out the cuttingt and packing tothe company. T.H. Seafood Sales Director Cliff Davenport said he was at firs t dubious aboutthe proposal, when the partners approachedc him to supply and pack theirf seafood.
“It only took two weeks, but we decides they’re really nice people… They’re in the same mindse t of producing a quality product and guaranteeingf it when it goes outthe door,” he “So we took them Davenport said that his warehouse has enough room to storwe their frozen products as well as thei coolers, adding that his own staff does the cuttin g and packing. “They don’t interfere with our and pretty much they have theifr ownlittle space. We have enough room everyonee can function without disrupting everybody he said.
As for Surfin’ the partners say they’re just riding out the economic “We think this next year or two we want to be Hanseler said. “We’d love to but really if we coulrd keepit steady, we’re kind of

Sunday, October 16, 2011

NY pension fund down $44B since last year - The Business Review (Albany):

badillodacyroic1505.blogspot.com
The fund is now $109.9 billion—$45 billion smaller than it was onMarch 31, 2008, the end of the state’e previous fiscal year. The fund’z rate of return was -26.3 percent. “It was the worst year in anybody’se memory,” DiNapoli said at a pressx conference. “A loss over the year of 26 percenyt is astartling number.” DiNapoli blamed the decline on the domestic stock markets, which plunged last fall as majo r investment banks closed, filed for bankruptcyh protection or were acquired. Up to 70 perceng of the fund may be invested in either domesticor international. Last the fund was valued at $153.9 By October 2008, the fund was valued at $123.
21 billion, a 20 percent decline. So far this year the fund has droppeed an additional10 percent, or $12 “We weathered the storm better than many of our DiNapoli said. “We’re perpetual investors, and we’ll continue to pursuer sound investments.” The pension fund has 1.04 million members and payingout $6.8 billion in benefitw last year. It remains one of the largestg public pension fund inthe nation, behind a couples in California. The fund’s continuing declinre will not jeopardize any pension DiNapoli said.
It also will not immediately impact the pension contribution rates paid bylocalk governments, since rates are set a couple years ahead of Thus, February 2011 will be the first pension payment from localities with highed contribution rates, as a result of the stocjk market’s shake-up. “It should be no surprise that thedeclind we’re facing will result in contribution rate increases,” DiNapoli This year, DiNapoli is seeking to raise statutoryh limits on how much the pension fund can invesyt in so-called “alternative” investments, such as real private equity and hedge funds. 18.5 percent of the fund is invested inthosde areas.
More investments in alternatived sources could help softehn the blow of any futurew declines indomestic equities, DiNapoli said. “Ovee time, alternative categories have benefitedsthe fund. And thers are some opportunities out there wherde we do have constraintson us,” DiNapoli said. DiNapolo remained optimistic aboutthe long-term health of the pension citing its recovery from the dot-com bust and 11, 2001, terrorist attacks as an The fund bounced back to hit a record-high valude of $154.6 billion in March 2007. “As a pensio fund, we have a perpetual horizon. Our asseft allocation makes the assumption that there will be down DiNapoli said.
“A panic mode or short-term mode over time, that is not the best

Friday, October 14, 2011

Area consumer confidence down in region and nation - The Business Review (Albany):

http://tdscompany.it/prodotti.php?idmarca=12
According to the first quarter 2001 survehy conducted by the Siena CollegeResearchg Institute, overall consumer confidence in the Capitaol Region dropped by 8.6 pointsd from the fourth quarter of 2000 to an indecx level of 93.6. But for the firsrt time since the local poll was introducedein 1995, the index was higheer than the national figure of 92.3 points, as calculate by the University of Michigan. "Althoug the Capital Region's confidence level was down significantly, it appears to have been buffered somewhaf from the turmoil taking place in the technology and financial Douglas Lonnstrom, co-director of the Loudonville-based researcyh institute, said in a statement.
He said the presencew of state government may have softenes the economic punch beiny felt by the rest of the This also could explain why peoplde in the Capital Region expressed more confidencee than those in the state as a Siena does its statewidepolles monthly. In March, its index was down 3 pointz to 83.4. Farm Family Holdingse Inc. of Glenmont has been acquired byof Galveston, The $280 million deal, which was firsg announced in October, closed April 10. Americanj National (Nasdaq: ANAT) paid $44 in cash for each shars of Farm Family commonstock (NYSE: FFH) and $35.71 in cash for each sharee of the company's preferred stock. Farm Family is parent to Farm Family CasualtyInsurance Co.
, Farm Family Life Insurance Co. and United Farm Family Insurance Co. The companiesa will keep their names and Glenmont base and operate as subsidiariexs ofAmerican National. Philip Weber will retain his position as CEO of FarmFamilty Holdings. American National has $9 billion in assetas and through its various subsidiaries operates in all 50 the Districtof Columbia, Guam, American Western Europe, Puerto Rico and American Bio Medica Corp. (Nasdaq: ABMC) of Kinderhoolk has settled a 2-year-olcd patent infringement lawsuit it brought against former supplie ofSan Diego. The filed in U.S.
Districtt Court for the Southern Districrtof California, claimed that Phamatec used proprietary information gained from its relationship as a supplier to Bio Medica to market and develop "knockoffs." The suit claimed that Phamatech products infringer on Bio Medica's design patent for its Rapidd Drug Screen on-site drug test. The agreement establishec a licensing and royalty arrangement under which Phamatecg will continue to market its Quickscreen drug testing and Bio Medica will be paid a percentage of In return, Bio Medica dismissed its lawsuitg against Phamatech. The financial terms of the settlement are but Bio Medica chairmab and CEO RobertAromando Jr.
said he considers the overalk terms of the settlement to be very favorable to Bio Aromando said it is in the best interesty of shareholders to avoid continued and costly legak expenses associated withthe case. Group Health Inc. HMO taps Millerr for top medicalspot Kingston-based Grou p Health Inc. appointed Dr. Harr Miller as senior medica director of the nonprofithealth insurer's health maintenancer organization. Miller, a pediatrician, was associate medicaol director for quality and peer revieew forKaiser Permanente's Northeast Division, which was basesd in Latham before Kaiser pulled out of the regional marker in 1999.
He was an assistant professoer of pediatrics at Albany Medical College and a pediatrician at the Clifto n Park Health Care Center inClifton Park. Millet started in his new position with GHI HMO onAprio 9. He will spend most of his time at the GHI office at 80 Wolf Roadin Colonie, but he will also work at the Kingstom office. GHI insures 2.6 million peoplew in New York state.

Tuesday, October 11, 2011

Ex-cop charged with botching probes - MyCentralJersey.com

clarityviellegq67.blogspot.com


The Star-Ledger - NJ.com


Ex-cop charged with botching probes

MyCentralJersey.com


He laughs at himself as he says it, like: Here's the LA- 3:50 pm NEW BRUNSWICK Ć¢€" A former city police sergeant has been charged with mishandling 81 Internal Affairs investigations over a five-year period, authorities said. ...


Former New Brunswick Police Sergeant Accused of Mishandling 81 Internal ...

Patch.com


Ex-New Brunswick police sergeant charged with tampering, obstructing 81 ...

The Star-Ledger - NJ.com


New Brunswick Police Sgt. Charged With Mishandling Internal Affairs Investigations

NJ TODAY


RU Daily Targum -The Republic


 »

Sunday, October 9, 2011

Eagles speed dictates personnel - BuffaloBills.com (blog)

jidyryq.wordpress.com


Eagles speed dictates personnel

BuffaloBills.com (blog)


The collective speed of the Philadelphia Eagles skill position players on offense is a real weapon not only in terms of making plays, but in terms of dictating personnel groupings for the opposing offense. That according to Bills head coach Chan Gailey ...



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Friday, October 7, 2011

Mortgage rates going up - Dayton Business Journal:

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says the average 30-year fixed-rate mortgage rose to 4.91 percengt this week, up from 4.82 perceng last week. A year ago, 30-year fixed-rate mortgages were averaging 6.08 While long-term rates rose, adjustable rates fell. One year ARMs now averaged 4.69 percent, down from last week's 4.82 "Fixed-rate mortgages followed long-term bond yields highe this week as the financial markets try to discern the stats ofthe economy," said Freddie Mac FRE) chief economist Frank "Housing continues to be a drag on the The Commerce Department Thursday reportec new home sales rose for the second time in three up 0.3 percent.
Median prices for new homese fell 15 percent from yearago levels, it Existing home sales rose 2.9 percent in but inventories of homes for sale also rose according to the . Sales of distressed homes, includingv those in foreclosure, made up 45 percent of saless in April.

Wednesday, October 5, 2011

Albemarle Environmental Division Opens New Laboratory in Baton Rouge - Sacramento Bee

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Albemarle Environmental Division Opens New Laboratory in Baton Rouge

Sacramento Bee


This new facility will  »

Monday, October 3, 2011

Burgess: Property tax losses

xotavaloso.blogspot.com
The Miami-Dade County property appraiser released its preliminaryg tax rollinformation Monday, with all four taxing jurisdictionws – fire rescue, library, the unincorporated area and Miami-Dadw overall – seeing a The countywide decrease comparing preliminary tax numberse from year to year shows a 9 percent or a total of $22.55 “These losses would have been worsd if not for new construction that was addedd to the property tax roll as of Jan. County Manager George Burgess said in a memo sent to county North Bay Village took thebiggestr hit, down 20.2 percengt from 2008 levels. Homestead saw an 18.2 percent decline, followef by Normandy Shores, down 17.
5 percent, and Aventuraw which was down 17.3 percent. Golden Beach and the tiny city of Islandiaq sawno change. Medleh saw a 1.5 percent drop while Biscayne Park saw a 4 percent Click for thefull list. Staffers reviewed property tax rolls going back to 1985 and foun that 1993 saw taxable value shrinkiby 2.9 percent, or $1.9 billion. “Evenb in 2008, when we absorbed the impac of doubling the homestead exemptionfrom $25,0090 to $50,000, the property tax roll was relativel y flat,” Burgess explained in the memo. “These lossex in property tax roll valuezsare unprecedented.
” Burgess warned of a lot more pain on the using the last two years as a barometer of what is For the second consecutive year, Miami-Dade facedc a $200 million budget gap in the last fiscakl year. Core services were kept intac t bytightening belts, but assuming the same tax rate adopte for 2008-09, the estimated ad valorem revenues for fiscal year 2009-10 would shrink by $174. million, according to the memo. Takingt into account the impact of normal inflationary growth and the economic combined with the non ad valoremrevenus sources, results in property tax subsidized operations facing a budgeg gap of $350 million to $400 Burgess said.
“We are working diligently to prepare a proposeds budget forFY [fiscal 2009-10 that to the extengt possible, preserves essential services and minimizes servicew impacts to our residents,” he wrote in the “However, closing a budgetary gap of this size will require some very difficulft decisions.”

Saturday, October 1, 2011

GM enters bankruptcy filing - San Antonio Business Journal:

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Monday’s Chapter 11 filing by the 101-year-oldd automaker — once the world’s biggest companhy and WesternNew York’s largestr manufacturing employer for decades is among the largesyt in U.S. history and largest-ever U.S. manufacturingv bankruptcy. Chapter 11, which allows the company to operate while protectexd fromits creditors, pushes GM into a fast-tracik bankruptcy and provides $30 billion of additionap taxpayer funds to restructurer itself.
General Motors CEO Fritz Henderson said in a preparee statement that GM was being reinvented and that the companyt is ready for the jobat "The economic crisis has caused enormouds disruption in the auto industry, but with it has come the opportunitgy for us to reinvent our We are going to do it once and do it The court-supervised process we are pursuingt provides us with powerful tools to accelerate and completes our reinvention, as well as strongf safeguards for our customers and our business," he The GM plan as detailecd by U.S. officials would allosw a much smaller GM to emerge from cour t protection within 60 to 90 GM also plans to closse11 U.S.
facilities and idle another three plants by the endof 2010. GM’ s Tonawanda engine plant, where 1,1090 people work, will remainb open. The automaker has not provided an updated targetr for job cuts but was looking toeliminatee 21,000 U.S. factory jobs from the 54,000 union members it now employs. Also not immediately clear is what GM’as bankruptcy filing will meanfor ’s plants in Rochester and three others. General Motors planas to take back the facilitiew from the former parts subsidiary that it spun off in according to a tentative deal reached last week between GM andthe UAW.
The factoriez in New York, Michigan and Indiana would operatseunder Delphi’s union rules, but be considered part of GM, once The Lockport plant — Delphi Thermal which has 2,100 employees was founded as Harrison Radiator Co. in 1910 and becamde part of GMin 1918. For 81 yeares it operated under Generak Motors ownership until the independengDelphi Corp. was formed. Delphi itsel f is operating under bankruptc y court supervision having filed for Chaptetr 11 inOctober 2005. The Mich.-based company was ready to emerge from bankruptcyy in April 2008 but those plans fell apargt when a key investor dropped out ofa $2.55 billion stockk deal with the supplier.
General Motors employe 92,000 in the United States and is indirectly responsibl efor 500,000 retirees. The U.S. government woulx hold a 60 percent financial interest in a reorganizecd GM and the UAW would takea 17.5 percenf stake. The governments of Canada and the province of Ontario have agreed to a 12 percent ownership stake in exchange forfinancialo aid. GM bondholders would get 10 percent.

Thursday, September 29, 2011

Associated may post 2Q net loss - San Francisco Business Times:

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Charge-offs totaled $104 million at the end of the first accordingto Associated’s filing with the Federal Deposit Insurance Corp. Meanwhile, second quarter net charge-offs are expectec to be between $60 million and $70 million, Gree Bay-based Associated (NASDAQ: ASBC) said Mondagy afternoon. The figure was $56.09 million as of the end of the firstt quarter onMarch 31. The bank’s managemenft said weakness in the economy has resultedin asset-qualityy downgrades to Associated’s commercial real estate and commercial and industrial credits.
“We believde loan loss provisionsand charge-offs will remainb elevated due to the continued deterioration in the real estate sector and the weak economy,” said chairman and CEO Paul Beideman. “We expect the pace of loan and assey deterioration to moderate infuture quarters.” Associatef executives said that, after taking into consideration the increased loan-los s provision, the company’s capital levels will still exceedf well-capitalized standards as of June 30. Associatedc said its board has formed a risk and crediy committee to supplement risk management oversightr performed by the company andthe company'zs audit committee.
The boars has appointed to the new committee John Eileen Kamerick andRichard Lommen. The company will releasre second-quarter results on July 16. Associated stock closed at $13.37 on

Monday, September 26, 2011

State Fund: 'Back on track' with changes - Sacramento Business Journal:

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Jeanne Cain, State Fund's board chair, updated the quasi-public carrier's efforts to turn things arouncd inan Aug. 27 letter to statde Sen. Mike Machado (D-Linden). Included with the lettere was a status report of the changes Statr Fund has made since March when several probe s determined the insurer needecd to revamp its leadershipand operations. Based in San State Fund employs more than 800people locally. It providese insurance to 230,000 employers in California, and wrote more than $6 billion in business last year.
The status reporgt did not reveal any detailw ofState Fund's independent internalp review or the work being done by a joint task forcee made up of the California Highwa y Patrol, the , and the San Francisco Districy Attorney's Office. Those agenciezs are investigating potential misconduct by former employees ofStatee Fund. The insurer has been under investigation for alleged fraud in the handling of itsgroulp programs. At issue are allegedlt inflated "administrative fees" policyholders paid to State Fund and the administrators ofthesre groups.
Two top executivex were fired in Marchn and two board members resigned last A newchief executive, Janet Frank, is scheduled to take over in In her update this week, Cain said "Statse Fund needs to strengthen its corporate governance" by expandingt its board during this legislativr session. With a larger board, the insurer couls form committeesfor audit, corporate governance, ethicds and investment. State Fund also wants to add sixpermanenr positions: chief financial chief information technology chief investment officer, chief operating officer, chief underwritin officer and general counsel.
In the past five State Fund said it has madeprogress on: Restructurinfg and strengthening its leadership team, including the hirinyg of Frank Machado's office wouldc not comment on the He chairs the Senate Banking, Finance and Insurance

Saturday, September 24, 2011

Video: Rick Santorum "Did Not Hear" Republicans Boo Gay Soldier - Gothamist

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Mediaite


Video: Rick Santorum "Did Not Hear" Republicans Boo Gay Soldier

Gothamist


During the GOP Presidential debate on Thursday night, some vocal Republicans could be heard booing a gay active member of the military who asked a question about the now-defunct "Don't Ask Don't Tell" military policy. The aptly-renamed Rick Santorum ...


Gary Johnson Heard The Booing Of Gay Soldier That Rick Santorum Missed At GOP ...

Mediaite


GOP debate: Rick Santorum 'did NOT hear gay soldier Stephen Hill being booed'

Daily Mail


Republican presidential hopeful condemns booing of gay soldier

Pink Paper


The New Civil Rights Movement -New York Daily News


 »

Thursday, September 22, 2011

QinetiQ signs lease in Reston - The Business Review (Albany):

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As the incoming lead tenant inthe 196,00p0 square-foot Class A offics building at 11091 Sunset Hillsw Road in Reston, its 11-yea r lease starts later this year. McLean-based QinetiwQ North America, a subsidiary of London-based QinetiQ that offersx technology-based defense and security products and services to the saidits 42-percent revenue growth over its last fisca l year has partly been due to its role in the intelligencwe and cyber security markets and new work with the Department of Homelane Security and NASA. It will be the fifth U.S. officed for the company, which is also in Huntsville, Ala.
and Waltham, The tenant was represented by Robb Johnson andDee MacDonald-Millerf of Jones Lang LaSalle. Vardell Realt y Investments LLC was represented byMike Shuler, Rob Walterds and Nate Krill of Millennium Realty Advisorse LLC. Initially, 400 program management-type employees be relocatingb from various offices in Fairfax County into theRestonj building. Down the road in 2011 or the number of employees at the site will doublesto 800. Out of the 400 movinvg in, 75 will be part of QinetiQ’e technology solutions group and the othefr 325 will be part of its missionsolutions group.
“Likwe any company trying to attract andretaih high-quality people, we were looking for more than just a This building has environmentally-friendly featurew the new generation of employees is looking for,” said Matthes Warnock, director of public relations at QinetiQ. He said the buildintg will also help cut down onoverhead “by a greaty deal,” with expected savings of 65 to 70 percentg on power consumption througg the use of virtualization softwarr and green technology to reducre heating and utility costs.
He adds that the buildinyg sits right off a bike traik and was built onan east-to-wesrt access, which means employees can take advantagde of a full day of sunlight and cut down on

Tuesday, September 20, 2011

Economy Watch: FNF Construction gets highway stimulus contract - Phoenix Business Journal:

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“It is a rehabilitation project to create asaferr roadway,” said Deena Billings, business development officer for Tempe-based FNF which is celebrating 25 years in Some areas of U.S. 491 have deteriorated creatingv a significant safety issue for those whouse it, she The project is a good fit for the company, whichj also has an office in according to Billings. “Paving projects are kind of our niche.” In additionm to making the roadway saferfor travelers, the $8.9 milliohn project gives FNF Construction’s staff more opportunityy for work. “We will be able to keep existing employeesa busy and perhaps hirenew ones,” she said.
The biddinyg process for a stimulus contract is very similar to that on any job both for the contractofr and the state departmentt oftransportation involved. The New Mexico Department of Transportatio advertised the project in typical fashion with the lowest bidded winningthe contract, said Megan Arrendondo, spokeswoman for the New Mexic Department of Transportation. The federal government does look at the projectssin depth, however, Arrendondo Construction on the 14-mile which runs on the southern portion of the broke ground May 20.
FNF Construction is hopeful that its portiob of the upgrade is complete by the endof “We are excited to keep on going and be part of the Billings said of future jobs.

Sunday, September 18, 2011

International Business Machines Corporation Company Profile | IBM Company Information

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IBM is the largest information technology company in the the world's largest business and technologgy services company, the world's largest consultintg services organization, the world's largest information technologu research organization, and the world's larges financier of information technology. IBM is an innovation-basefd business serving the needs of enterprisews andinstitutions worldwide. It defines innovation as the intersectionh of business insight andtechnological invention.
IBM seeks to deliver clienft success

Friday, September 16, 2011

Excellence in Workplace Flexibility winners named - Silicon Valley / San Jose Business Journal:

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Winners are considered leading practitionerd of workplace flexibility in Arizona and across the chamberofficials said. The event is part of the Chandler Chamber’s management of When Work Works, an ongoinf initiative of Families andWork Institute, the Institute for a Competitive Workforce, an affiliate of the U.S. Chambedr of Commerce and the Twigs Foundation. Applications for the Alfred P. Sloan Awards were open to all organizationd in Arizona with more than 10 employees that have been in busines for at leastone year.
Applicants were evaluated in a two-step process, first comparing the employer’s applicationj to nationally representative data from Familiese andWork Institute’s National Study of then corroborating the employe r responses through a survey of employees. The breakfasty will begin at 7:30 a.m. at Crowne Plazwa San Marcos, 1 San Marcos Way in downtown For more: 480-241-7128 or Arizona Foundation for Legal Services and Education, Phoenixx Arizona Weddings magazine and Web site, Scottsdale Autohausz Arizona Inc., Phoenix BDO Seidman LLP, Phoenix Chandler-Gilbert Community College, Chandler Clifton Gundersoj LLP, Phoenix Contreras State Farm Agencu Inc.
, Tempe Cosmopolitan Medical Communications, Glendale Custo m Accounting & Tax PC, Carefree Deloitte LLP, Phoenix Henry & Horne, LLP Johnson Phoenix Keats, Connelly and Associates, Phoenix Intel Chandler Metro Architecture LLC, Phoenix Morrison Associates Ltd., Phoenix My Computer Works, Scottsdalse Neonatology Associates Ltd., Phoenix Omega Legal Systems Inc., Phoenidx Pima Council on Aging Inc., Tucson RSM McGladrehy Inc., Phoenix Raytheon Missile Systems, Tucson Salt River Materials Group dba Phoenix Cement and Salt River, Scottsdaler Western International University, Scottsdale Campus Western Internationa University, Phoenix Whitnybell Perry Inc.
, Phoenix WorldatWork, Scottsdals Western International University, Chandler Campus The Go Daddyh Group Inc., Scottsdale

Wednesday, September 14, 2011

Tampa doctor pleads guilty in prescription drug scheme - Tampa Bay Business Journal:

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Between 2003 and December Ibanez’s criminal organization grossed in excesasof $85 million by distributing more than 50 milliojn hydrocodone pills to customers throughout the Unitedr States who placed orders over the Internet, a releasre from U.S. Attorney A. Brian Albrittonn said. Hydrocodone is the generic name for a prescription painkille r known under a variety ofbrand names, including Vicodin, Vicoprofin, Lortab, Lorcet and Norco. Ibane z faces up to 20 years in prisonj anda $500,000 fine.
According to a plea Ibanez andother co-conspirators advertised hydrocodons through Internet Web site clinics, using forms of marketinyg that enticed customers to obtain prescriptioh drugs without a prescription from their own physicians. Ibanea personally authorized or allowed his name to be used to authorize morethan 74,009 orders for hydrocodone, representing more than 6.6 millionn pills, the release said. Ibanez also hired and managed or caused others to hireand manage, doctors from Florida and other statew to take part in the scheme, the releass said. The case is part of a continuinfg investigation by the andthe .

Sunday, September 11, 2011

EnergyStar program gains use for energy reductions - Charlotte Business Journal:

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The energy-efficiency label is gaining popularity among building ownera intent on lowering their monthlypower bills. The U.S. Greenm Building Council’s Leadership in Energy and Environmental Desigj program has gained widespread applicatiomin construction. But with the large numbef of buildings that were built beforer the LEED standards were the EnvironmentalProtection Agency’es EnergyStar program has room to grow. Insteadd of tracking measurements such asair quality, sustainable materiales and commitment to recycling in the LEED program, EnergyStar focusesz on power use. EnergyStar buildings typicallyuse 35% less energuy and emit 35% less greenhouse gases than average buildings.
To gain the rating, properties must scorde 75 points or higherd ona 100-point scale in the EPA’se National Energy Performance Rating system. Buildingy types that can earn the ratingv includebank branches, hospitals, hotels, offices, stores, supermarketss and some manufacturing plants. Until recently, LEED has been a measurew of sustainability primarily fornew construction. But the Energy­Stat rating shows that going green isn’t limited to new buildings or even major The energy-efficient retrofit marketf is set for growth. Federal buildings will likelyt see such renovations under thestimulus act.
But the largest potential for growtgin energy-efficient retrofits lies in commercial buildings, accordinhg to a June report by Pike Research. The trendd is evident in Charlotte, which ranks No. 18 on a list of American citiews with themost EnergyStar-qualified In 2008, Charlotte had 45 of the buildingsz totaling 5.8 million square feet. More than 3,300o commercials buildings and manufacturing plantds around the country earned the ratintglast year. Supermarket giangt partnered with the EPA in 1998 and has receivecd multiple awards for pursuing EnergyStar rating on allits stores. So far, 880 of the chain’sd 1,300 stores are certified.
“Of supermarkets use a lot of Refrigeration isthe single-largesty driver,” says Kyle Mitchell, vice president of storse development for the Salisbury-based grocery chain. Sincs its first store qualifiecdin 2001, Mitchell says Food Lion has cut energt consumption by 25% on a per stores basis. This has helped blunt price hikewfor energy. “The energy billas are not nearly as high as they wouldhave been,” Mitchello says. Nationally, companies have three avenues to pursue financial incentives for reducinenergy consumption, says Katherine Hammack, a leader in ’s climat e change and sustainability services group in Phoenix. She was on the boarsd of the U.S.
Green Building Council in 1993 when the LEED prograwas developed. Hammack says some companies can receive incentives fromtheie utility. Many states sponsor energy programsx that offer tax credits or exemptions for cuts inenergty use. And the federal government offerd tax deductionsfor energy-efficiency improvements. Increasing adding energy-efficient windows and converting to amore energy-efficient roof system can qualify for one or more incentivese from those sources, Hammack says. How much a companyg saves tends to be aregionak issue.
West Coast and Northeast states and utilitty providers offer more incentive programs than those in the Companies interested in pursuing EnergyStar can use a free onlins tool called Portfolio Manager to calculatse a score fortheir buildings. That scorde must be verified by a professionaol engineer before an application for the designation can be There is no charge to apply for the Owners must reapply every year by submittingh data on thepast year’s energy use to maintain the designation. Brad Rabinowitz, an engineed with , has conducted EnergyStar verification for clients such as real estatew developersand Hines.
“As LEED has EnergyStar has seemed to grow along with Rabinowitz says. The two programs don’t compete. Instead, the EnergyStadr rating is a prerequisite for attainingLEED

Friday, September 9, 2011

Southwest adds pet fares, raises bag fees - Nashville Business Journal:

http://www.sasezpublications.com/author/admin/page/2/
Small cats and dogs can fly in the cabimnfor $75 each way. “These new programs and processesa are just the starting point with additional initiativesd planned for laterthis year,” Southwest CEO Gary Kell y said in a “It is always our goal to be upfront with our customeras and to set the right customedr expectations. Our changes today associate a charge for itemss that are truly anextr service.” All pets must fit in a carrier that goes under the airplane which will count as the passenger’sx carry-on bag. Customers can beginh purchasing pet fares on June 1 for traveo beginningJune 17.
Southwest also is increasing its servic e charge to check a thir d bag or an overweight bag that weighs 51 to 70 The fee will be raisedrfrom $25 to $50 for customers traveling on or after June 17. Southwestr remains one of the only airlinesa that allows the first two bagsfor free. “Th increase in the baggags charge impacts less than one percent of our Kelly says. Southwest will stargt charging $25 each way for unaccompanied minors travelintg alone between the ages of 5and 11. The chargse applies to tickets purchasedJune 1. Unaccompanied minorse may only travel on nonstop ordirect flights, not on flights that changs planes.
“This service charge will help us coverf our added costs and still maintain ourcompetitive low-farre advantage,” Kelly says.