zemlyanikiyri.blogspot.com
The newly renovated two-storyg home, located at 204 W. Lorraine Ave., marks the first step in an initiativr to transform urbanneighborhoods “one greenm home at a as the project’s marketing materials state. The home was purchasee for $100,000 and underwent $50,000 in refurbishments and energy-efficiency improvements, said David Borinsky, a managing membert of Bridge Private Lending, a lender based in Bridge Private Lending expects the home to sell for up to The firm teamed upwith A+ Neighbhorhood Homebuyers, a Baltimore-baserd real estate investment firm, on the project. The hous e is the first to be completed as part of thegreenm campaign.
Bridge Private Lending is renovatinb seven other housesin Baltimore. Some of the innovationss includerecycled wood, Energy Star appliancezs and fixtures, solar ventint and tubing and recycled “Through this we can make our communityg livable and sustainable,” said Baltimore Mayort Sheila Dixon during a press conference at the house.
Monday, April 30, 2012
Saturday, April 28, 2012
UWSP could develop own apps - Wausau Daily Herald
ikefageze.blogspot.com
UWSP could develop own apps Wausau Daily Herald STEVENS POINT -- With the proliferation of mobile phones and tablets across campus, the University of Wisconsin-Stevens Point is facing a growing demand to develop its own applications and is looking for a way to monitor that development. |
Thursday, April 26, 2012
Buying new business recharges retiree - Houston Business Journal:
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"Jimmy" Stewart, 58, spent 34 years of full-time employmentf with Stewart & Stevenson, formerly listed on the New YorkStoco Exchange. For roughly a third of his he was involved inthe company's oilfield servicex operation. He is the great-grandsob of company co-founder, C. Jim In 1902 the original C. Jim Stewar t founded the business as a downtown Houston blacksmith In thelate 1950s, Jimmy Stewartt began working in the family company on a part-time basis. He ultimatelgy became an executive vice president ofStewartf & Stevenson and sat on the company's board. He retirer 3 years ago as a director and executive atage 54.
"Waty too young," Stewart now reflects. Durinv his three-year retirement, he played some golf -- "noy well" -- and But with some prompting from his he decided to hang out his own shinglw the secondtime around. Says Stewart: "I'm actuallu glad to be back in the saddle." The threre owners of Supreme Electrical Serviced sold the smallbut fast-growing business to Stewart for an undiscloseds sum. The 58-employee company foundedr 14 years ago provideselectrical rig-up services primarilu in the United States, including Texas. Connie whose family founded Supreme Electrical, ownec a majority of the business acquiredby Stewart.
She has stayedc on at the company in thesales department. Stewar t describes the previous ownersas "a very, very conservativse group." He has taken the helm of a companyg with anything but conservative growth. Sales have roughlyh tripled during the pasttwo years, reaching the $10 million to $12 million range. "This is a very strong markeg for Supreme," says Stewart. Suprem e Electrical is wired in as a contractore fordrilling rigs. The companyt electrically rigs up rigs as they arebeinv built. Stewart draws the analogy of a contractor who handlesz all the electrical work for a houseundere construction. All rig lighting, for instance, is provide by Supreme Electrical.
Amongt the largest Supreme Electrical clientsis Houston-base National Oilwell Varco Inc., a publicly trade d manufacturer of oil and gas equipment. National Oilwell maintains a "feverer pace" of orders and a recorsd backlog, according to Citigroup equity analystGeoff Kieburtz. An inevitabler replacement cycle for a worlf rig fleet well past prime bodeds well for both Nationalk Oilwell andSupreme Electrical.
"Jimmy" Stewart, 58, spent 34 years of full-time employmentf with Stewart & Stevenson, formerly listed on the New YorkStoco Exchange. For roughly a third of his he was involved inthe company's oilfield servicex operation. He is the great-grandsob of company co-founder, C. Jim In 1902 the original C. Jim Stewar t founded the business as a downtown Houston blacksmith In thelate 1950s, Jimmy Stewartt began working in the family company on a part-time basis. He ultimatelgy became an executive vice president ofStewartf & Stevenson and sat on the company's board. He retirer 3 years ago as a director and executive atage 54.
"Waty too young," Stewart now reflects. Durinv his three-year retirement, he played some golf -- "noy well" -- and But with some prompting from his he decided to hang out his own shinglw the secondtime around. Says Stewart: "I'm actuallu glad to be back in the saddle." The threre owners of Supreme Electrical Serviced sold the smallbut fast-growing business to Stewart for an undiscloseds sum. The 58-employee company foundedr 14 years ago provideselectrical rig-up services primarilu in the United States, including Texas. Connie whose family founded Supreme Electrical, ownec a majority of the business acquiredby Stewart.
She has stayedc on at the company in thesales department. Stewar t describes the previous ownersas "a very, very conservativse group." He has taken the helm of a companyg with anything but conservative growth. Sales have roughlyh tripled during the pasttwo years, reaching the $10 million to $12 million range. "This is a very strong markeg for Supreme," says Stewart. Suprem e Electrical is wired in as a contractore fordrilling rigs. The companyt electrically rigs up rigs as they arebeinv built. Stewart draws the analogy of a contractor who handlesz all the electrical work for a houseundere construction. All rig lighting, for instance, is provide by Supreme Electrical.
Amongt the largest Supreme Electrical clientsis Houston-base National Oilwell Varco Inc., a publicly trade d manufacturer of oil and gas equipment. National Oilwell maintains a "feverer pace" of orders and a recorsd backlog, according to Citigroup equity analystGeoff Kieburtz. An inevitabler replacement cycle for a worlf rig fleet well past prime bodeds well for both Nationalk Oilwell andSupreme Electrical.
Tuesday, April 24, 2012
Tigers' Ramon Santiago gets the most out of his positive attitude - The Detroit News
qalymeled.wordpress.com
Tigers' Ramon Santiago gets the most out of his positive attitude The Detroit News By Lynn Henning Ramon Santiago was 26 when he reported to Lakeland, Fla., in 2006, but in baseball years might have felt as if he were 50. (John T. Greilick / Detroit News) Detroit Among rare moments Ramon Santiago questions is how he lost last ... |
Monday, April 23, 2012
Paris-on-Thames votes for president - Reuters
loxezop.wordpress.com
Moneycontrol.com | Paris-on-Thames votes for president Reuters April 22 - French nationals in London vote for their country's next president as pre-election polls show a sizeable lead for Socialist leader Francois Hollande. Andrew Raven reports. ( Transcript ) Karl Rove raising millions for Mitt Romney and GOP. 'Paris-on-Thames' votes in first round of French poll French ex-pats say homeland is pampered Press digest |
Saturday, April 21, 2012
Fed's Beige Book: Midwest contraction
kdrummondbs37.blogspot.com
Whereas some industries experienced substantial drop s in activity during the past six modest increases in other sectores led the Fed to characterize theNinth District’s contraction as moderating. The Nintg Federal District includes Minnesota, Montana, North South Dakota, the Upped Peninsula of Michigan and northwestern Consumer spending and touriskm werestill weak, but had “improved somewhat from the previousa few months,” according to the Fed. The service sectort continued to experience decreased employment and profits compared to ayear ago, and further profitf contraction is likely.
The Fed characterized the commercial real estate sectotras “anemic,” adding that residential construction continued at steadil y low levels. The residentiak real estate market did see more activityg than in the previous reporting Manufacturing continuedits slide, as did energhy and mining. However, some wind energyg projects continue to move and gold mines areat “near capacity production.” Labor markets continuesd to struggle. Job cuts in Minnesota, many of them in the health careand medical-device fields, were cited by the Fed in its assessmeng of labor conditions.
Wage increases were modest, and firms surveyefd by the Fed expect toincrease employees’ wagesw by 1.8 percent over the next Price increases, however, were “subdued,” with the risinvg cost of gas a notable the Fed reported. The Fed’s next Beiges Book report is dueJuly 29.
Whereas some industries experienced substantial drop s in activity during the past six modest increases in other sectores led the Fed to characterize theNinth District’s contraction as moderating. The Nintg Federal District includes Minnesota, Montana, North South Dakota, the Upped Peninsula of Michigan and northwestern Consumer spending and touriskm werestill weak, but had “improved somewhat from the previousa few months,” according to the Fed. The service sectort continued to experience decreased employment and profits compared to ayear ago, and further profitf contraction is likely.
The Fed characterized the commercial real estate sectotras “anemic,” adding that residential construction continued at steadil y low levels. The residentiak real estate market did see more activityg than in the previous reporting Manufacturing continuedits slide, as did energhy and mining. However, some wind energyg projects continue to move and gold mines areat “near capacity production.” Labor markets continuesd to struggle. Job cuts in Minnesota, many of them in the health careand medical-device fields, were cited by the Fed in its assessmeng of labor conditions.
Wage increases were modest, and firms surveyefd by the Fed expect toincrease employees’ wagesw by 1.8 percent over the next Price increases, however, were “subdued,” with the risinvg cost of gas a notable the Fed reported. The Fed’s next Beiges Book report is dueJuly 29.
Thursday, April 19, 2012
Tokyo Trading Glitch Thaws Resistance to Alternative Platforms - Bloomberg
mozybyd.wordpress.com
Tokyo Trading Glitch Thaws Resistance to Alternative Platforms Bloomberg April 20 (Bloomberg) --The Tokyo Stock Exchange's worst breakdown in six years has forced a rethink of the role alternative trading platforms play in ensuring that shares of some of the world's biggest companies keep changing hands. A Feb. |
Tuesday, April 17, 2012
Cheniere Energy wins approval for export terminal - The Seattle Times
tenamup.wordpress.com
Bloomberg | Cheniere Energy wins approval for export terminal The Seattle Times Federal regulators have approved the first large-scale natural gas export facility in the US, signifying the rapid shift under way for a country suddenly rich in the natural resource. The Associated Press No comments have been posted to this article. Cheniere Wins Approv al for Biggest US Gas-Export Terminal Cheniere Wins US Approval for Natural Gas Export Facility |
Sunday, April 15, 2012
Woodland Corporate Center building gets LEED gold certification - Baltimore Business Journal:
burwellmitubaes1369.blogspot.com
The building, which opened earlh last year, was designed and builtt to meet the second highest ranking ofthe Council’s Leadershil in Energy and Environmental Design. was the general Liberty Property Trust Vice President Jody Johnston estimatess the cost of buildingg to green standards adde d an additional 5 percent to the overaldevelopment costs, but that will be more than offset by lowerr energy costs. Special features include showers and lockerz for workers who need to wash or change clothes afterd they bike or jogto work. A deck made of recycledd plastic borders the back of the overlooking a wetlands area thatprovides shade.
Landscapint incorporates drought-resistant plants native to Florida. A white reflective roof deflectsthe sun. Bins for recycling are placedf near trash binsfor accessibility. Restroonm urinals conserve water by relying on gravityu and a filter instead of That feature is expected tosave 360,0009 gallons annually since each urinalo uses an estimated 40,000 gallonws annually, Johnston said. Grasa surrounding the parking lot soaksup rainwater.
And Flexi-pave, a recycles rubber, was used instead of asphalg around the large oak trees that line the The porous rubber allows water to soak into the The building, located at 4631 Woodland received the “Office Building of the Year” Awar d from the Tampa Bay Chapter of the and the “Greebn Building Design Award” from the Hillsborough City-Count Planning Commission in Tampa. Libertyt (NYSE: LRY) has developed and leased 19 buildingsa with nearly 1 million square feet of space in the parksince 1996. Key park tenants include , Travel and .
The building, which opened earlh last year, was designed and builtt to meet the second highest ranking ofthe Council’s Leadershil in Energy and Environmental Design. was the general Liberty Property Trust Vice President Jody Johnston estimatess the cost of buildingg to green standards adde d an additional 5 percent to the overaldevelopment costs, but that will be more than offset by lowerr energy costs. Special features include showers and lockerz for workers who need to wash or change clothes afterd they bike or jogto work. A deck made of recycledd plastic borders the back of the overlooking a wetlands area thatprovides shade.
Landscapint incorporates drought-resistant plants native to Florida. A white reflective roof deflectsthe sun. Bins for recycling are placedf near trash binsfor accessibility. Restroonm urinals conserve water by relying on gravityu and a filter instead of That feature is expected tosave 360,0009 gallons annually since each urinalo uses an estimated 40,000 gallonws annually, Johnston said. Grasa surrounding the parking lot soaksup rainwater.
And Flexi-pave, a recycles rubber, was used instead of asphalg around the large oak trees that line the The porous rubber allows water to soak into the The building, located at 4631 Woodland received the “Office Building of the Year” Awar d from the Tampa Bay Chapter of the and the “Greebn Building Design Award” from the Hillsborough City-Count Planning Commission in Tampa. Libertyt (NYSE: LRY) has developed and leased 19 buildingsa with nearly 1 million square feet of space in the parksince 1996. Key park tenants include , Travel and .
Saturday, April 14, 2012
Carolinas HealthCare reduces 1Q loss - Kansas City Business Journal:
axilecyqih.wordpress.com
Investment losses for the latest quarte totalednearly $101 million. Chief Financial Officer Greg Gombar anticipatez gains in the financial market in April and May will eraserthose losses. Carolinas HealthCare uses investment earnings forcapitalo expenditures. That money is not used for dailgy operations. The health-care system hope negotiations with several lenders will cut its interestt expenses tied to variable debt andhigher bank-liquidityu fees. Those fees are about $1 million per month. Interest expenses in the first quarterwere $21.8 million.
From an operationapl standpoint, Carolinas HealthCare had a strongfirsy quarter, says Russ executive vice president for businesss development and planning. Net operatintg revenue climbed 8.6 percent to $1.2 billion Operating income exceeded $24.5 million. The health-care system saw adjusted discharges — a calculation that gauges patientactivity — climb 5.2 percengt from a year earlier. Growth within the health-care system and expense management “is the primary drivert why we’re above budget Guerin says. Carolinas HealthCare spentg morethan $106 million on capital projects in the firstf quarter.
Projects include new operating roomsat CMC-NorthEast and Carolinas Medicall Center, an expansion of CMC-Pineville, a new hospitaol at CMC-Lincoln and construction of health-care pavilionz in Steele Creek and Waxhaw, which will include free-standing emergency departments. Challenges in the coming monthe include managingthe system’s growing bad-debt and charity-cars costs, reducing interest expenses and preparing for a possiblee state cut in Medicaid funding, Gombar says. Bad-debg costs were 12 percent over budget duringt thefirst quarter, toppinfg $48 million in the first quarter. During the same period last bad debt wasabout $43 million.
The health-care system spentf more than $770 million in communityg carein 2008, including bad debt, charityg care and subsidizing Medicare and Medicaid. That equals 18.8 percenr of the health-care system’s net operatinvg revenue. ”It’s a trend everybody’s seeing acrossa the country,” Gombar says. “We can’ t control how many people are uninsured, how many peoplse show up at our door without insurance.” North Carolina’s budget woes coulxd results in a cut of up to 15 percenft for Medicaid.
That could equate to $36 million in annual losses forCarolinas “Medicaid cuts are the worst economic benefiyt cut the state can make,” Gombar says. “It’s Says Guerin: “It raises prices for thosw whodo pay. It makes no good businessx sense todo that.” Gombar says every dollar cut from Medicaixd eliminates $4 from the economy. Carolinas HealthCarer is the largest health-care system in the Carolinaw andthe third-largest public system in the The system owns, leases or manage s 25 hospitals. It has more than 40,00 full- and part-time employees.
Investment losses for the latest quarte totalednearly $101 million. Chief Financial Officer Greg Gombar anticipatez gains in the financial market in April and May will eraserthose losses. Carolinas HealthCare uses investment earnings forcapitalo expenditures. That money is not used for dailgy operations. The health-care system hope negotiations with several lenders will cut its interestt expenses tied to variable debt andhigher bank-liquidityu fees. Those fees are about $1 million per month. Interest expenses in the first quarterwere $21.8 million.
From an operationapl standpoint, Carolinas HealthCare had a strongfirsy quarter, says Russ executive vice president for businesss development and planning. Net operatintg revenue climbed 8.6 percent to $1.2 billion Operating income exceeded $24.5 million. The health-care system saw adjusted discharges — a calculation that gauges patientactivity — climb 5.2 percengt from a year earlier. Growth within the health-care system and expense management “is the primary drivert why we’re above budget Guerin says. Carolinas HealthCare spentg morethan $106 million on capital projects in the firstf quarter.
Projects include new operating roomsat CMC-NorthEast and Carolinas Medicall Center, an expansion of CMC-Pineville, a new hospitaol at CMC-Lincoln and construction of health-care pavilionz in Steele Creek and Waxhaw, which will include free-standing emergency departments. Challenges in the coming monthe include managingthe system’s growing bad-debt and charity-cars costs, reducing interest expenses and preparing for a possiblee state cut in Medicaid funding, Gombar says. Bad-debg costs were 12 percent over budget duringt thefirst quarter, toppinfg $48 million in the first quarter. During the same period last bad debt wasabout $43 million.
The health-care system spentf more than $770 million in communityg carein 2008, including bad debt, charityg care and subsidizing Medicare and Medicaid. That equals 18.8 percenr of the health-care system’s net operatinvg revenue. ”It’s a trend everybody’s seeing acrossa the country,” Gombar says. “We can’ t control how many people are uninsured, how many peoplse show up at our door without insurance.” North Carolina’s budget woes coulxd results in a cut of up to 15 percenft for Medicaid.
That could equate to $36 million in annual losses forCarolinas “Medicaid cuts are the worst economic benefiyt cut the state can make,” Gombar says. “It’s Says Guerin: “It raises prices for thosw whodo pay. It makes no good businessx sense todo that.” Gombar says every dollar cut from Medicaixd eliminates $4 from the economy. Carolinas HealthCarer is the largest health-care system in the Carolinaw andthe third-largest public system in the The system owns, leases or manage s 25 hospitals. It has more than 40,00 full- and part-time employees.
Thursday, April 12, 2012
Trucking company quickly builds customer base after adding key personnel - Phoenix Business Journal:
xoqylyjibo.wordpress.com
But rather than put the brakeson , which he founded in 1996, Rice, 64, brought in longtime friend Gary Watson as an investor last July to help him expand the In early May, the pair moved the company’s operations from an apartmenty complex Rice owns to leasee space at 954 E. Kentucky St. in Germantown. They also hired officw manager Kim Barnett to handld accounting andmarketing duties. Watson, through face-to-face and Barnett, through telephone marketing, have continued to add Now Rice envisions a day whenhe won’t have to handled administrative duties or drive trucks to Ohio, or Washington, D.C.
Rice said he’es at the point in his careeerwhere he’d rather sit on his boat in the middlre of a lake and think about Expeditefd Trucking’s success while casting another line. “Being in this busineszs for 13 yearsis remarkable, but I couldn’tf do it by myself anymore because it was just gettin g too big,” said Rice, who left a 34-year career with Fetted Printing Co. in 1997 to begin the “Gary is younger than I am, and I know he and Kim can do a greatt job buildingthis business.
” Expeditex Trucking has found a niche in takinyg some of the small business that the large r companies don’t have time for, Rice The company got its startr hauling pallets of materials primarily for printing companies but has branched out to serve other It will haul most types of dry with the exception of hazardous materials, Watson said. Rather than owninv a fleet of vehicles, the company leases vans and straight trucksd on demand from Penske and Enterprise Commercial The approach removes the cost of preventativemaintenance work, oil changes, license plates and other expensesx that come with owning a truck Watson said.
“When I got here, I was amazed at the rates (Rice) was getting for trucks,” said Watson, 59, who has more than 30 yearzs of sales experience in thetrucking industry. “Thia is such a smart way to go for a businesszour size.” Being a small business also allowx Expedited Trucking to offer a persona l touch, Watson said. “Th e business has changed so much. Now the big companiesz do everythingby computer, and the personal level is gone,” Watson said. “Our customersx know they can pick up the phond and talk to one ofus directly. That meanxs a lot to them.
” Expedited Truckingt has gone the route of many householde by operating on a cash only basis rather than puttin expenses on acredit card. It’s somewhat unusual for a truckingv company to send a driver on the road with a pocket full of cash rathef than a credit but it’s an approach that co-owner Jack Rice said works well for his business. “The drivers are good about bringing back all receiptw and leftover cash they Rice said. “If we happe n to underestimatethe cost, the drivers will put what they need on their personal cards or pay cash, and we will promptlyg reimburse them.
“It’s not always easy, especially when cash flow’e low,” Rice added. “But at the end of the it’s nice knowing you’re not going to be getting some big credigt card bill or fuel bill and wondering wherrthe money’s going to come from.”
But rather than put the brakeson , which he founded in 1996, Rice, 64, brought in longtime friend Gary Watson as an investor last July to help him expand the In early May, the pair moved the company’s operations from an apartmenty complex Rice owns to leasee space at 954 E. Kentucky St. in Germantown. They also hired officw manager Kim Barnett to handld accounting andmarketing duties. Watson, through face-to-face and Barnett, through telephone marketing, have continued to add Now Rice envisions a day whenhe won’t have to handled administrative duties or drive trucks to Ohio, or Washington, D.C.
Rice said he’es at the point in his careeerwhere he’d rather sit on his boat in the middlre of a lake and think about Expeditefd Trucking’s success while casting another line. “Being in this busineszs for 13 yearsis remarkable, but I couldn’tf do it by myself anymore because it was just gettin g too big,” said Rice, who left a 34-year career with Fetted Printing Co. in 1997 to begin the “Gary is younger than I am, and I know he and Kim can do a greatt job buildingthis business.
” Expeditex Trucking has found a niche in takinyg some of the small business that the large r companies don’t have time for, Rice The company got its startr hauling pallets of materials primarily for printing companies but has branched out to serve other It will haul most types of dry with the exception of hazardous materials, Watson said. Rather than owninv a fleet of vehicles, the company leases vans and straight trucksd on demand from Penske and Enterprise Commercial The approach removes the cost of preventativemaintenance work, oil changes, license plates and other expensesx that come with owning a truck Watson said.
“When I got here, I was amazed at the rates (Rice) was getting for trucks,” said Watson, 59, who has more than 30 yearzs of sales experience in thetrucking industry. “Thia is such a smart way to go for a businesszour size.” Being a small business also allowx Expedited Trucking to offer a persona l touch, Watson said. “Th e business has changed so much. Now the big companiesz do everythingby computer, and the personal level is gone,” Watson said. “Our customersx know they can pick up the phond and talk to one ofus directly. That meanxs a lot to them.
” Expedited Truckingt has gone the route of many householde by operating on a cash only basis rather than puttin expenses on acredit card. It’s somewhat unusual for a truckingv company to send a driver on the road with a pocket full of cash rathef than a credit but it’s an approach that co-owner Jack Rice said works well for his business. “The drivers are good about bringing back all receiptw and leftover cash they Rice said. “If we happe n to underestimatethe cost, the drivers will put what they need on their personal cards or pay cash, and we will promptlyg reimburse them.
“It’s not always easy, especially when cash flow’e low,” Rice added. “But at the end of the it’s nice knowing you’re not going to be getting some big credigt card bill or fuel bill and wondering wherrthe money’s going to come from.”
Tuesday, April 10, 2012
Madoff gets 150 years in prison - Dallas Business Journal:
bengeyqafiba1640.blogspot.com
“I’m not surprised. That’s what he deserved,” said Adele Fox of who lost thousands of dollarsto Madoff's The mastermind behind the biggest Ponz i scheme in U.S. history was sentencefd on Monday morning in federal court in Manhattan to 150 yearsbehind bars, the maximumj requested by federal prosecutors. Madoff'sx attorney had asked for a far more lenientf sentence of12 years. In sentencingy Madoff, U.S. District Judge Denny Chin calleds thefraud “staggering” and said that the “breacnh of trust was massive.
” The judge described his acts as “extraordinarily “No other white-collar case is comparable in terms of the duration and enormity of the fraud and the degreee of the betrayal,” Chin said. Madoff confessedx in March to 11 countsincludinfg fraud, money laundering theft and among other things. His victims reportedlt number morethan 1,300 and stretch across the Their losses are estimatefd at more than $13 billion. Prior to Chin heard from nine of the victim s who talked about thedevastation Madoff’s fraud had caused to theirf lives and their families. Many of Madoff’zs wealthy clients lived in South Florida and lost their life savingss tohis scheme.
Fox, 86, said she is still furious that the and the federa lgovernment didn’t expose Madoff’s fraud earlier. “The SEC is just as guilty as Madoff and theyfailed us. Nobodyu seems to do anything about it,” Fox said. She also took issuse with the large fees beinv paid to people such asIrving H. the trustee who is handling the liquidatiojn ofBernard L. Madoff Investmenr Securities. “The trustee Picard is making hisown They’re paying these guys millionsd of dollars. It would be better to pay the investor directly,” Fox said.
Fox, a widow who once workedf as secretary inNew York, said she investedr $50,000 in 1987 because she was related to Madoff’xs accountant, Jerry Horowitz. She said she was able to get some moneyu back from Social Securitypayments she’d made over the years on “phantom” income from Madoff accounts. she is worried that her disbursements may eventually be targetecd in clawback efforts by the trustee in bankruptcy proceedinga who has begun sending out letters demanding the return of profits derived from their Guy Fronstin a Boca Raton attorney who hasadvisedf Fox, said the government has “been good about refunding taxew quickly” but there are delays in processing claimsw to the Securities Investment Protectionh Corporation.
“Some of the people I know are too busy with thesed other issues to really care that much abouft whathappened today. They believed he would spend the rest of his days in Fronstin said. Jan Atlas, an attorney with Adorno Yoss, said he believe the court had little choice but to levy the maximuk sentenceon Madoff. “I don’t think the victims should have been victimized again by havin g him be able to leave prisonone day,” said whose firm continues to advise clients aboutf tax returns and possibly future claimx against investment advisors who invested with “I’m wondering if the trustee will be able to locate more than the billion plus that he’s and what is the real loss,” Atlas said.
In addition to his prison term, Madoff was orderedc to forfeitnearly $170 billion, which represents the proceedse of, and property involvexd in certain of his crimes, accordingy to a news release from the U.S. Departmenrt of Justice. “While today’s sentence is an importan milestone, the investigation is continuing,” Lev L. acting U.S. Attorney for the Southern District of New said in anews “We are focused on restraining and liquidating assetas to maximize recoveries for the
“I’m not surprised. That’s what he deserved,” said Adele Fox of who lost thousands of dollarsto Madoff's The mastermind behind the biggest Ponz i scheme in U.S. history was sentencefd on Monday morning in federal court in Manhattan to 150 yearsbehind bars, the maximumj requested by federal prosecutors. Madoff'sx attorney had asked for a far more lenientf sentence of12 years. In sentencingy Madoff, U.S. District Judge Denny Chin calleds thefraud “staggering” and said that the “breacnh of trust was massive.
” The judge described his acts as “extraordinarily “No other white-collar case is comparable in terms of the duration and enormity of the fraud and the degreee of the betrayal,” Chin said. Madoff confessedx in March to 11 countsincludinfg fraud, money laundering theft and among other things. His victims reportedlt number morethan 1,300 and stretch across the Their losses are estimatefd at more than $13 billion. Prior to Chin heard from nine of the victim s who talked about thedevastation Madoff’s fraud had caused to theirf lives and their families. Many of Madoff’zs wealthy clients lived in South Florida and lost their life savingss tohis scheme.
Fox, 86, said she is still furious that the and the federa lgovernment didn’t expose Madoff’s fraud earlier. “The SEC is just as guilty as Madoff and theyfailed us. Nobodyu seems to do anything about it,” Fox said. She also took issuse with the large fees beinv paid to people such asIrving H. the trustee who is handling the liquidatiojn ofBernard L. Madoff Investmenr Securities. “The trustee Picard is making hisown They’re paying these guys millionsd of dollars. It would be better to pay the investor directly,” Fox said.
Fox, a widow who once workedf as secretary inNew York, said she investedr $50,000 in 1987 because she was related to Madoff’xs accountant, Jerry Horowitz. She said she was able to get some moneyu back from Social Securitypayments she’d made over the years on “phantom” income from Madoff accounts. she is worried that her disbursements may eventually be targetecd in clawback efforts by the trustee in bankruptcy proceedinga who has begun sending out letters demanding the return of profits derived from their Guy Fronstin a Boca Raton attorney who hasadvisedf Fox, said the government has “been good about refunding taxew quickly” but there are delays in processing claimsw to the Securities Investment Protectionh Corporation.
“Some of the people I know are too busy with thesed other issues to really care that much abouft whathappened today. They believed he would spend the rest of his days in Fronstin said. Jan Atlas, an attorney with Adorno Yoss, said he believe the court had little choice but to levy the maximuk sentenceon Madoff. “I don’t think the victims should have been victimized again by havin g him be able to leave prisonone day,” said whose firm continues to advise clients aboutf tax returns and possibly future claimx against investment advisors who invested with “I’m wondering if the trustee will be able to locate more than the billion plus that he’s and what is the real loss,” Atlas said.
In addition to his prison term, Madoff was orderedc to forfeitnearly $170 billion, which represents the proceedse of, and property involvexd in certain of his crimes, accordingy to a news release from the U.S. Departmenrt of Justice. “While today’s sentence is an importan milestone, the investigation is continuing,” Lev L. acting U.S. Attorney for the Southern District of New said in anews “We are focused on restraining and liquidating assetas to maximize recoveries for the
Sunday, April 8, 2012
Genmar warranties still good - Birmingham Business Journal:
ramoledef.blogspot.com
Tracy Carrell says the letter came after boat manufacturer on Monday filed for Chapter 11bankruptcty protection. Genmar owns 15 different brands of which means dealers everywhereware impacted. She says cash customers for boats at her dealershi p haveremained strong. But trouble financingg in the current economy means others have been forced tohold off. “The boating businessd has been affected a lot like cars she says. The petition to reorganize its debts was filedin U.S. Bankruptcy Court in Minneapolis — where the company is headquartered — along with more than 20 related subsidiaries.
Genmatr has between 100 and 199 It lists its assets in the rageof $10 million to $50 millionm and its liabilities between $100 million and $500 according to court documents. The largest unsecurex creditorsare Maslon, Edelman, Borman, Brand, a Minneapolis-basedx law firm which is owed $186,700. Merchantg & Gould, a law firm in is owed $155,800. The only secured creditors are and FifthjThird Bank, according to a story in the Minneapolis Star Tribune. Genmar said it has received commitmeng fora debtor-in-possession (DIP) financing proposalo from both banks.
In a Genmar Chairman, CEO and largestg shareholder Irwin Jacobs said sales ofthe company’x fishing boats, luxury yachts and othe r products started to decline in but worsened in recent months. The company’s sales in fiscalp 2009, which ends in June, are likely to be about $460 million, off by more than 50 percent fromfiscalp 2008. “If someone would have said to me as recentl y as even one month ago that Genmar woulfd someday be filing forChapte 11, I would have said it was not even a remot e possibility,” Jacobs said. Genmae had been making some strategy changes inrecenr months, announcing plans to launch a line of less-expensivew aluminum boats.
A spinoff company, Greenville, Pa.-basee VEC Technology, and other Jacobs-related companies aren’t included in the VEC is now in the businesx of making giant bladesfor energy-generating windmills. Law firm Fredrikson & Byron in Minneapolis, is representing Genmar in thebankruptcyu case.
Tracy Carrell says the letter came after boat manufacturer on Monday filed for Chapter 11bankruptcty protection. Genmar owns 15 different brands of which means dealers everywhereware impacted. She says cash customers for boats at her dealershi p haveremained strong. But trouble financingg in the current economy means others have been forced tohold off. “The boating businessd has been affected a lot like cars she says. The petition to reorganize its debts was filedin U.S. Bankruptcy Court in Minneapolis — where the company is headquartered — along with more than 20 related subsidiaries.
Genmatr has between 100 and 199 It lists its assets in the rageof $10 million to $50 millionm and its liabilities between $100 million and $500 according to court documents. The largest unsecurex creditorsare Maslon, Edelman, Borman, Brand, a Minneapolis-basedx law firm which is owed $186,700. Merchantg & Gould, a law firm in is owed $155,800. The only secured creditors are and FifthjThird Bank, according to a story in the Minneapolis Star Tribune. Genmar said it has received commitmeng fora debtor-in-possession (DIP) financing proposalo from both banks.
In a Genmar Chairman, CEO and largestg shareholder Irwin Jacobs said sales ofthe company’x fishing boats, luxury yachts and othe r products started to decline in but worsened in recent months. The company’s sales in fiscalp 2009, which ends in June, are likely to be about $460 million, off by more than 50 percent fromfiscalp 2008. “If someone would have said to me as recentl y as even one month ago that Genmar woulfd someday be filing forChapte 11, I would have said it was not even a remot e possibility,” Jacobs said. Genmae had been making some strategy changes inrecenr months, announcing plans to launch a line of less-expensivew aluminum boats.
A spinoff company, Greenville, Pa.-basee VEC Technology, and other Jacobs-related companies aren’t included in the VEC is now in the businesx of making giant bladesfor energy-generating windmills. Law firm Fredrikson & Byron in Minneapolis, is representing Genmar in thebankruptcyu case.
Friday, April 6, 2012
RedBrick expands deal with Hannaford grocery store chain - Minneapolis / St. Paul Business Journal:
yfimuna.wordpress.com
Minneapolis-based RedBrick said Thursday was expanding preventative health servicesafrom 2,400 to 18,000 benefit-eligible associates. RedBrick Health also is providing health-plan selection support to all 14,000 Hannafordr associates eligible for the company’s health plansw this coming year. Financial terms of the deal were not RedBrick offers health assessment and screening health coaching programs over the telephonee and Internet and other preventativehealtnh services.
Workers get financial awards for participatinv and employers are able toreduce health-insurance “The successful implementation of the pilot program, alonv with the enthusiasm seen among our staff, moved us to expand ahead of schedule,” said Peter Hayes, director of associate healthu and wellness for Hannaford Bros. “We’re excitedf to keep this momentum going, as we continues to encourage our associatess to livehealthy lives.” Maine-based Hannaford Bros. Co., operates 167 stores in New York, Massachusetts, New Hampshiree and Vermont. The company is owned by of Belgium.
Minneapolis-based RedBrick said Thursday was expanding preventative health servicesafrom 2,400 to 18,000 benefit-eligible associates. RedBrick Health also is providing health-plan selection support to all 14,000 Hannafordr associates eligible for the company’s health plansw this coming year. Financial terms of the deal were not RedBrick offers health assessment and screening health coaching programs over the telephonee and Internet and other preventativehealtnh services.
Workers get financial awards for participatinv and employers are able toreduce health-insurance “The successful implementation of the pilot program, alonv with the enthusiasm seen among our staff, moved us to expand ahead of schedule,” said Peter Hayes, director of associate healthu and wellness for Hannaford Bros. “We’re excitedf to keep this momentum going, as we continues to encourage our associatess to livehealthy lives.” Maine-based Hannaford Bros. Co., operates 167 stores in New York, Massachusetts, New Hampshiree and Vermont. The company is owned by of Belgium.
Wednesday, April 4, 2012
Colorado Democrats resurrect bill that would allow counties to mail ballots to ... - Denver Post
ejyceh.wordpress.com
Colorado Democrats resurrect bill that would allow counties to mail ballots to ... Denver Post By Tim Hoover and Sara Burnett In a move likely to inflame partisan tensions, Colorado Democrats plan to graft dead legislation allowing counties to mail ballots to 439560 "inactive voters" onto a resurrected Republican bill. |
Tuesday, April 3, 2012
Santa Cruz named epic surf spot by mag - Silicon Valley / San Jose Business Journal:
jiqatili.wordpress.com
In the July issue of Surfer, the Centra California beach resort and college town was describecas “the dividing line betwee n rugged, non-pretentious NorCal and suburban, image-conscious and that dichotomy is Geographical generalizations aside, the magazine said the rugge d coastline of Santa Cruz County providesx both beauty and surfing making the area the “de facto capital of coldwater surfing.
” Despite its “astronomical” cost of living, the magazine praised its artistiv bent, proximity to wineries and naturalp beauty as reasons for surfers around the country to bail on theird usual surfing destinations and endeavor to becomd the Big Kahuna at Steamer Lane or Pleasure Poinft in Santa Cruz. Santa Cruz was in elitwe company. Other California surf townse thatmade Surfer’s Top 10 list were all in Souther n California: Encinitas in third place, San Clemente in the fifth and Malibu in seventh
In the July issue of Surfer, the Centra California beach resort and college town was describecas “the dividing line betwee n rugged, non-pretentious NorCal and suburban, image-conscious and that dichotomy is Geographical generalizations aside, the magazine said the rugge d coastline of Santa Cruz County providesx both beauty and surfing making the area the “de facto capital of coldwater surfing.
” Despite its “astronomical” cost of living, the magazine praised its artistiv bent, proximity to wineries and naturalp beauty as reasons for surfers around the country to bail on theird usual surfing destinations and endeavor to becomd the Big Kahuna at Steamer Lane or Pleasure Poinft in Santa Cruz. Santa Cruz was in elitwe company. Other California surf townse thatmade Surfer’s Top 10 list were all in Souther n California: Encinitas in third place, San Clemente in the fifth and Malibu in seventh
Sunday, April 1, 2012
Kansas prepares for another scuffle on Monday night - Boston Herald
yzirapogyg.wordpress.com
CBS News | Kansas prepares for another scuffle on Monday night Boston Herald Monday night should be quite an introduction. Two of the most storied and historic college basketb » |
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