fresno-kentdeputy.blogspot.com
The authority was preparing to go to the market with a single bond package to pay for the Trianglew Expressway but backed off when told the debt woulx not rise above aBBB rating. Chief Financial Officet Grady Rankin says the authorituy now wants to offer two separatew setsof bonds: a $329 million offering backeed by $25 million in annual “gap from the state and a $340 million offering backeed by toll revenue. The two sets of bondz would be sold in thesame week. A $415 millionj loan from a federal program called the Transportation Infrastructure and Innovation Act is includecd in the financing for thetoll road.
The new idea is drivejn by the need to boost the ratingsd the bonds would receive from rating agencies suchas , and . The authority’sx theory is that the gap funding bondsx will be able to obtain a AA ratingg because they are backed by a revenue source cominyg fromthe state. The authorithy then could buy bond insurance that officialw hope would raise thetoll revenue-backed bonds’ rating from BBB to AA. Rankin says the authority is in discussionse about purchasing bond insurancefrom Bermuda-basef . He would not reveal any estimatesd of how much the insurancemighyt cost. If all goes according to plan, the authority coul d have proceeds from an offering bylate May.
Therer are still several benchmarks that must be met including striking an acceptable agreement with Assured Guaranthy and obtaining the blessing ofthe . Creativee approaches to financing deals have come under scrutiny in recent months due to the turmoil that has engulfesthe nation’s financial system. Rankin is adamany that the authority isn’t trying to assembls a plan with any of what hecalls “fanct footwork.” “This is a solid deal,” says Rankin, who pointss out that there would be no credit swapa involved. Rankin says that the weighted average interest of all the debt the bonds and the TIFIAAloan – will be in the 5.
75 percent Turnpike authority officials had wanted to sell bondw for the $1 billion which would be the state’s first toll by the end of Octoberd 2008. But a meltdown in the bond market has frustratedthe authority’s attempts to issuew bonds for the road, which would run throughu 18.8 miles of westerj Wake County and southeasternm Durham County. The previouz plan called for the authority to issue morethan $600 million in bondz that would be supported by two revenue streams: tolls collectedc from road users and the $25 millionb a year in gap funding that the General Assembly has pledgee to provide. The package includes the $415 million federalp loan.
When ratings agencies frowned onthe package, the authoritt went back to the drawing “It would be a very difficulrt sell,” says Jeff Poley, a bond attorneyt who keeps a close eye on the market, says of BBB-rates bonds. “One level above junk statud is not safe enough inthis environment.” Vancew Holloman, a deputy treasurer in the North Carolina Department of States Treasurer, says the Local Government Commission has had preliminaryt discussions with the authority regarding modificatione to its financing plan. But the LGC hasn’ft received anything in writing.
“I don’f think it would be appropriate to comment any further atthis time,” Holloman says. The LGC stafvf is employed by the treasurer’sd office.
Monday, February 28, 2011
Friday, February 25, 2011
We Fight to Preserve Public Sector Pensions and an Honest Pact - Huffington Post (blog)
incidents-comgregory.blogspot.com
We Fight to Preserve Public Sector Pensions and an Honest Pact Huffington Post (blog) There's a reason why they call us public-service employees. We work hard to serve the public. It sounds simple, but it seems that people forget what we really do. Our towns, cities and states simply would not work if the roads were not cleaned and the ... |
Wednesday, February 23, 2011
Two women-owned law firms merge - Birmingham Business Journal:
http://gosdesign.com/portfolio/ning
area have merged. The a 20-year-old firm in Delmar, has mergede with Latimer/Stroud LLP, a 17-year-old firm in The new firm, LLP, is located at 951 Albany Shaket Roadin Latham. Latimer/Stroud’s office was expanded from 2,500 square feet to 5,0000 square feet. The new firm has 11 people. LaFave’e focus was personal injury andmedicao malpractice. Latimer/Stroud’s general practicer included matrimonial law, estatese and trusts. Both firms had about $850,000 in revenuew last year. Cynthia founder of the LaFave Firm, said she and Sue Latimer, foundee of Latimer/Stroud, worked together in the mid-1990s. “We enjoyed workinyg together,” LaFave said.
Latimer left to becomw a physician’s assistant. But surgerh replacing both her knees cut short her medicao career and she returnedto law. Latimer and LaFavd discussed a possible merger eigh t months ago while eatingy at Athosin Guilderland. “We were talkingh about the two practices andhow they’cd fit together,” LaFave said. “At the end of dinner, we said, ‘W need to explore this.’” Latimer “We did. And that’s why we’re here.
”
area have merged. The a 20-year-old firm in Delmar, has mergede with Latimer/Stroud LLP, a 17-year-old firm in The new firm, LLP, is located at 951 Albany Shaket Roadin Latham. Latimer/Stroud’s office was expanded from 2,500 square feet to 5,0000 square feet. The new firm has 11 people. LaFave’e focus was personal injury andmedicao malpractice. Latimer/Stroud’s general practicer included matrimonial law, estatese and trusts. Both firms had about $850,000 in revenuew last year. Cynthia founder of the LaFave Firm, said she and Sue Latimer, foundee of Latimer/Stroud, worked together in the mid-1990s. “We enjoyed workinyg together,” LaFave said.
Latimer left to becomw a physician’s assistant. But surgerh replacing both her knees cut short her medicao career and she returnedto law. Latimer and LaFavd discussed a possible merger eigh t months ago while eatingy at Athosin Guilderland. “We were talkingh about the two practices andhow they’cd fit together,” LaFave said. “At the end of dinner, we said, ‘W need to explore this.’” Latimer “We did. And that’s why we’re here.
”
Sunday, February 20, 2011
Oakwood shops see success - Dayton Business Journal:
steel roof tiles
For many in the Dayton Far Hills Avenue is the closesg thing the region has to a Rodeo Drive orMagnificent Mile. This strip of independenr shops and restaurants has long been a staplew of retailin Dayton. The strip has seen some adversitu lately, from the opening of The Greene in Beavercreek to the but tenants of The Shopsof Oakwood, its main retail hub, said things couldn’t be better. Nauseef, who openes her office in said she has seen a 30 percent increasd in sales and a 50 percent increase in bookings for weddingws since movingher home-based busineszs to the retail strip. “It’s friendly. People love to shop and eat down she said.
She had lookedx in the Oregon District and downtown Centerville beforse selectinga 1,000-square-foot spacre at Triangle and Far Hillsz avenues. Held down by long-time tenantds such as and as well as a anda Graeter’sd Ice Cream shop, Nauseef said she liked the feel of the The two-block sector employs more than 100 people. Locationb is one reason for the long-time successes. Experts point to the city’s demographics. Oakwooc has a median household incomeof $73,000, according to the 2000 U.S. Compare that with Beavercreek, whicb has a median income of Centervilleat $55,000, or Ketterinfg at $45,000.
But Oakwood retailers said theidr success goes beyond beinf located in anaffluent area. They point to the mix of ease of access and quaint feeling of the area that make Oakwood special. Nicole Gianuglou, owner of upscale beaut boutique, Preen, said her business saw a 20 percenty increase last year comparefto 2007. There was some concern when , a national beautty retailer, opened at The Greene. But Gianuglou said she has seen an increas in business sinceit “We share some customers, but it’s a different experience,” she Doug Harnish, president and principal of Dayton-based , said the customerss that frequent Oakwood’s shops have taken a hit in the but the impact is not as painfulp or restrictive.
He said the clientele for that area stilk has discretionary incometo spend. Leigh owner of Gamine, said her businessx has seen an uptick sincw changing its namein November. Formerlyy The Pink Daisy, her store sells women’s many of which are exclusive to Gamine inthis region. Itemw range from $50 Michael Stars T-shirts to $400-plus Tory Burcg dresses. LeBoeuf, who purchased the stor in 2005, said she changed the name becausde it needed to sound more sophisticated and less like aflorall shop. (Gamine, LeBoeuf said, is a French word that has come to be used to describe a woman oficonic style, with Audrey Hepburnj as the best-known example.
) LeBoeuf said the storez located along Far Hills Avenue allow women to cover every aspect of theidr lives. “We play off each other. If you get a dress here, you can walk down to Preen andget make-up and lipstick that goes with she said. In fact, Preen and Gaminee sent out a dual postcard to morethan 2,000 households last Gianuglou said they combined mailing lists and sent out postcardd with discounts for both The increased marketing helped both stores and they plan on workingv together in the future. Another plus for the Oakwoodc area is its parking Harnish said. “People love pedestrian-friendly environments, as long as you can drive to them,” he said.
For many in the Dayton Far Hills Avenue is the closesg thing the region has to a Rodeo Drive orMagnificent Mile. This strip of independenr shops and restaurants has long been a staplew of retailin Dayton. The strip has seen some adversitu lately, from the opening of The Greene in Beavercreek to the but tenants of The Shopsof Oakwood, its main retail hub, said things couldn’t be better. Nauseef, who openes her office in said she has seen a 30 percent increasd in sales and a 50 percent increase in bookings for weddingws since movingher home-based busineszs to the retail strip. “It’s friendly. People love to shop and eat down she said.
She had lookedx in the Oregon District and downtown Centerville beforse selectinga 1,000-square-foot spacre at Triangle and Far Hillsz avenues. Held down by long-time tenantds such as and as well as a anda Graeter’sd Ice Cream shop, Nauseef said she liked the feel of the The two-block sector employs more than 100 people. Locationb is one reason for the long-time successes. Experts point to the city’s demographics. Oakwooc has a median household incomeof $73,000, according to the 2000 U.S. Compare that with Beavercreek, whicb has a median income of Centervilleat $55,000, or Ketterinfg at $45,000.
But Oakwood retailers said theidr success goes beyond beinf located in anaffluent area. They point to the mix of ease of access and quaint feeling of the area that make Oakwood special. Nicole Gianuglou, owner of upscale beaut boutique, Preen, said her business saw a 20 percenty increase last year comparefto 2007. There was some concern when , a national beautty retailer, opened at The Greene. But Gianuglou said she has seen an increas in business sinceit “We share some customers, but it’s a different experience,” she Doug Harnish, president and principal of Dayton-based , said the customerss that frequent Oakwood’s shops have taken a hit in the but the impact is not as painfulp or restrictive.
He said the clientele for that area stilk has discretionary incometo spend. Leigh owner of Gamine, said her businessx has seen an uptick sincw changing its namein November. Formerlyy The Pink Daisy, her store sells women’s many of which are exclusive to Gamine inthis region. Itemw range from $50 Michael Stars T-shirts to $400-plus Tory Burcg dresses. LeBoeuf, who purchased the stor in 2005, said she changed the name becausde it needed to sound more sophisticated and less like aflorall shop. (Gamine, LeBoeuf said, is a French word that has come to be used to describe a woman oficonic style, with Audrey Hepburnj as the best-known example.
) LeBoeuf said the storez located along Far Hills Avenue allow women to cover every aspect of theidr lives. “We play off each other. If you get a dress here, you can walk down to Preen andget make-up and lipstick that goes with she said. In fact, Preen and Gaminee sent out a dual postcard to morethan 2,000 households last Gianuglou said they combined mailing lists and sent out postcardd with discounts for both The increased marketing helped both stores and they plan on workingv together in the future. Another plus for the Oakwoodc area is its parking Harnish said. “People love pedestrian-friendly environments, as long as you can drive to them,” he said.
Friday, February 18, 2011
Vicente Padilla on uncertain role: “It's all the same, no? You're just ... - msnbc.com
rubber roofs
Vicente Padilla on uncertain role: “It's all the same, no? You're just ... msnbc.com Last year the Dodgers surprisingly tabbed Vicente Padilla as their Opening Day starter, but this year he's not even slated for a spot in the rotation after re-signing for $2 million in guaranteed money. Padilla can also earn a ton of money in ... |
Tuesday, February 15, 2011
Steve Cohen Was Making Seven Figures Trading In His Twenties - The Business Insider
http://goarticles.com/article/Benefits-of-home-air-conditioners/3976053/
The Business Insider | Steve Cohen Was Making Seven Figures Trading In His Twenties The Business Insider So Cohen got bored, Gruntal let him move to trading, and he started making seven figures in his twenties -- in the 1980s. And, that was only 60% of his profits. Gruntal kept the other 40%. In his twenties, Mr. Cohen said he had gotten his own “pad†at ... |
Sunday, February 13, 2011
Ramey Kemp: Danger lurks at recession's end - Triangle Business Journal:
boyanebyboqasavo.blogspot.com
But Ramey Kemp, the chairman of the transportatiob engineering firm that bearshis name, has a message of caution for thosew folks: Counterintuitive as it may seem, the end of a recessio n can be as dangerous – or even more so for a company’s cash flow as the beginnintg of a downturn. Here’s why: At the start of an economi slowdown, revenue may still be flowinf in from projects that were completedsmonths ago. If entrepreneurx realize that lean daysare ahead, they have time to start cuttinh costs while money is still cominhg into the business.
Yet the opposit e is true in a A revenue-starved company that suddenly beginsd getting more work may have to expand its capacityy by hiring more employeed and buying new equipment and inventory. That means money will be goingg out thedoor quickly, even though it likely woulrd be months before clients start paying the bills for that work.
But Ramey Kemp, the chairman of the transportatiob engineering firm that bearshis name, has a message of caution for thosew folks: Counterintuitive as it may seem, the end of a recessio n can be as dangerous – or even more so for a company’s cash flow as the beginnintg of a downturn. Here’s why: At the start of an economi slowdown, revenue may still be flowinf in from projects that were completedsmonths ago. If entrepreneurx realize that lean daysare ahead, they have time to start cuttinh costs while money is still cominhg into the business.
Yet the opposit e is true in a A revenue-starved company that suddenly beginsd getting more work may have to expand its capacityy by hiring more employeed and buying new equipment and inventory. That means money will be goingg out thedoor quickly, even though it likely woulrd be months before clients start paying the bills for that work.
Thursday, February 10, 2011
Auditor Testa leaving office in July - Business First of Columbus:
http://medievalbadges.org/p7nlink2006frana.html
Testa, 61, said in an interview with Columbus Businesws First that his last day on the job will beJuly 31. He’sz been with the county for 28 years and becam auditorin 1992. “I’ve thoroughly enjoyee my job and its challengesand we’vw made some great accomplishments, but I feel it’e the appropriate time for me to change directionds in my professional career,” Testa “I tried to pick the best but there is no perfect time.
” a Republican, said his departure will come after an annual audir and a number of other officed duties that will wrap in the next 45 The county GOP will choose his who will then run for a full term next His plans for August and beyond represent anything but a Testa said he plans to continue teachingb a competitive strategies class at ’as Fisher College of Business and coulf pick up an additional class. A career move beyond his four-year-oldx teaching job remains to be decided.
“I’ve been in the publifc sector a long time and woul d like to get back to theprivate side,” he Testa, however, declined to rule out the possibilithy of eventually returning to the public sectotr but said he has “no specific A full biography for Testa is available at the auditor’s Web site .
Testa, 61, said in an interview with Columbus Businesws First that his last day on the job will beJuly 31. He’sz been with the county for 28 years and becam auditorin 1992. “I’ve thoroughly enjoyee my job and its challengesand we’vw made some great accomplishments, but I feel it’e the appropriate time for me to change directionds in my professional career,” Testa “I tried to pick the best but there is no perfect time.
” a Republican, said his departure will come after an annual audir and a number of other officed duties that will wrap in the next 45 The county GOP will choose his who will then run for a full term next His plans for August and beyond represent anything but a Testa said he plans to continue teachingb a competitive strategies class at ’as Fisher College of Business and coulf pick up an additional class. A career move beyond his four-year-oldx teaching job remains to be decided.
“I’ve been in the publifc sector a long time and woul d like to get back to theprivate side,” he Testa, however, declined to rule out the possibilithy of eventually returning to the public sectotr but said he has “no specific A full biography for Testa is available at the auditor’s Web site .
Tuesday, February 8, 2011
Fire sweeps through KCK house displacing 3 adults, 9 children - Kansas City Star
grachevakautawil.blogspot.com
Fire sweeps through KCK house displacing 3 adults, 9 children Kansas City Star Two females were injured as they escaped from the blaze through a rear bedroom. They were taken to a hospital for treatment of minor lacerations to their ... |
Saturday, February 5, 2011
Wayne looked after numero Uno - The Sun
onoeuqedol1902.blogspot.com
Wayne looked after numero Uno The Sun So it's not surprising to hear that he spent a large amount of his time in jail playing card game Uno. The heavily-tattooed rapper comes across as a bit of ... |
Thursday, February 3, 2011
Wanted on Craigslist: California IOUs - Pacific Business News (Honolulu):
http://prolingosoftware.net/?paged=3
"Will pay cash for California/IOUs" reads one Daly City postingf on the onlineclassified "I pay $$$ for Californiza registered warrants - $9999," readd another. The Financial Times also reports that a company that specializes in trading illiquid assetss such as private company stock andbankruptcy claims, is gettint ready for a piece of the action. "We have a wholse team working on it," it quotes the firm's CEO, Barryy Silbert, as saying. Wall Street hedgw funds, municipal bond investors and othe institutions are all expected to be interested in the as well, which have a 3.75 percent interesy rate that matures on Oct. 2.
State Controllet John Chiang has said he plands to issuenearly $3.4 billion in After hedging most of last week, a number of bankz including , , , , , and all said they will take the state'sx promissory notes, but only until July 10. Palo Alto-based has also said it wouldx honorthe IOUs. The IOUs became necessary aftefr the California Legislature failed to remedya $24.w3 billion deficit by the end of the fiscal year. By not resolvingy the issue by the end of the fiscal the budget hole automatically grewto $26.3 state finance officials say.
"Will pay cash for California/IOUs" reads one Daly City postingf on the onlineclassified "I pay $$$ for Californiza registered warrants - $9999," readd another. The Financial Times also reports that a company that specializes in trading illiquid assetss such as private company stock andbankruptcy claims, is gettint ready for a piece of the action. "We have a wholse team working on it," it quotes the firm's CEO, Barryy Silbert, as saying. Wall Street hedgw funds, municipal bond investors and othe institutions are all expected to be interested in the as well, which have a 3.75 percent interesy rate that matures on Oct. 2.
State Controllet John Chiang has said he plands to issuenearly $3.4 billion in After hedging most of last week, a number of bankz including , , , , , and all said they will take the state'sx promissory notes, but only until July 10. Palo Alto-based has also said it wouldx honorthe IOUs. The IOUs became necessary aftefr the California Legislature failed to remedya $24.w3 billion deficit by the end of the fiscal year. By not resolvingy the issue by the end of the fiscal the budget hole automatically grewto $26.3 state finance officials say.
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