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"Laura’s story is incredibly moving. Sadly, it is not Every day in this country, more and more Americansa are forced to worry not simply aboutgettingb well, but whether they can afforr to get well. Millions more wondere if they can afford the routinew care necessary tostay well. Even for thoswe who have health insurance, rising premiumxs are straining their budgets to the breakinbpoint – premiums that have doubledr over the last nine and have grown at a rate threer times faster than wages. Desperately-neederd procedures and treatments are put off becauser the price istoo high.
And all it takeas is a single illness to wipe out a lifetimeof "Employers aren’t faring any better. The cost of healtbh care has helped leave big corporations like GM and Chrysler at a competitive disadvantagew with theirforeign counterparts. For smalkl businesses, it’s even worse. One month, they’re forceds to cut back on healthcare benefits. The next month, they have to drop The month after that, they have no choice but to startf layingoff workers. "For the the growing cost of Medicare and Medicaidd is one of the biggest threats to ourfederal deficit. Bigger than Sociap Security. Bigger than all the investmentds we’ve made so far.
So if you’re worrieds about spending and you’re worried about deficits, you need to be worrie about the cost ofhealth "We have the most expensive health care syste in the world. We spend almost 50% more per persom on health care than the next mostcostly nation. But here’s the thing, Green Bay: we’re not any healthier for it. We don’f necessarily have better outcomes. Even within our own country, a lot of the placea where we spend less on health care actuallhy have higher quality than places wherew wespend more. Righgt here in Green Bay, you get more quality out of fewedr health care dollars than many other communities acrosxsthe country.
And yet, across the spending on health care goes up and up and up dayafter day, year after year. " I know that there are millions of Americansd who are content with their healtbh carecoverage – they like theit plan and they value their relationshipl with their doctor. And no matter how we reform healtu care, we will keep this promise: If you like your you will be able to keepyour doctor. If you like your health care plan, you will be able to keep your healthncare plan. "But in order to preserve what’s best aboutr our health care we have to fixwhat doesn’t For we have reached a point whers doing nothing about the cost of healthy care is no longer an option.
The status quo is If we do not act and act soon to brintdown costs, it will jeopardizs everyone’s health care. If we do not act, every Americahn will feel the consequences. In highefr premiums and lower take-home pay. In lost jobs and shuttered In a rising number of uninsured and a rising debt that our childrejn and their children will be paying off for If wedo nothing, withim a decade we will spending one out of evert five dollars we earn on healtbh care. In thirty years, it will be one out of everhy three. That is untenable, that is unacceptable, and I will not allow it as President of theUniteed States.
"Health care reform is not part of some wish list I drew up when I took It is central to our economic future central tothe long-term prosperity of this nation. In past year s and decades, there may have been some disagreemeng onthis point. But not anymore. we have already built an unprecedenteed coalition of folks who are ready to reform our healtjhcare system: physicians and healthy insurers; businesses and workers; Democrats and A few weeks ago, some of these groups committed to doing something that would’ve been unthinkablew just a few years ago: they promisec to work together to cut national healtgh care spending by two trillion dollara over the next decade.
That will bring down costs, that will brinfg down premiums, and that’s exactly the kind of cooperatiomwe need. "The question now is, how do we finisn the job? How do we permanently bringf down costs andmake quality, affordable health care availabled to every American? "My view is that reform should be guided by a simple principle: we fix what’x broken and build on what "In some cases, there’s broad agreemeng on the steps we shoulfd take. In the Recovery Act, we’ve already made investments in health IT and electronic medical records that will reducwmedical errors, save lives, save money, and stillp ensure privacy.
We also need to invest in prevention and wellnessx programs that help Americanslive longer, healthier "But the real cost savings will come from changinhg the incentives of a systej that automatically equates expensive care with better care from addressing flaws that increasw profits without actually increasing the qualityu of care. "We have to ask why places like the Geisinger Health system inrural Pennsylvania, Intermountain Health in Salt Lake or communities like Green Bay can offer high-quality care at costas well below average, but other places in America can’t.
We need to identify the best practicex acrossthe country, learmn from the success, and replicate that success elsewhere. And we should change the warpexd incentives that reward doctors and hospitals basede on how many tests or proceduresthey prescribe, even if thosee tests or procedures aren’t necessary or result from medicapl mistakes. Doctors across this country did not get into the medical profession to be bean counters orpaper pushers; to be lawyers or busineses executives. They became doctors to heal people. And that’ss what we must free them to do. "Wes must also provide Americanswho can’t afforc health insurance with more affordable options.
This is both a mora l imperative and an economic because we know that when someone without healtjh insurance is forced to get treatmentt atthe ER, all of us end up paying for it. "So what we’re working on is the creatiojn of something called a Health Insurance Exchange – which would alloe you to one-stop shop for a health care plan, compare benefitsd and prices, and choose the plan that’sd best for you. None of these planxs would be able to deny coverage on the basis ofa pre-existiny condition, and all should include an basic benefit package. And if you can’yt afford one of the plans, we shoule provide assistance to make sureyou can.
I also stronglu believe that one of the optionse in the Exchange should be a public insurance option because if the private insurance companies have to competse with apublic option, it will keep them honesg and help keep prices down. "Now, covering more Americansa will obviously cost a good deal of money at a time wherewe don’t have extrz to spend. That’s why I have already promisesd that reform will not add to our deficitr over the nextten years.
To make that happen, we have alreadt identified hundreds of billions worth of savings in ourbudgetg – savings that will come from steps like reducing Medicarw overpayments to insurance companies and rootinv out waste, fraud and abuse in both Medicarwe and Medicaid. I will be outlining hundreds of billions more in savingds in the daysto come. And I’ll be honest even with these savings, reform will requirre additional sourcesof revenue. That’s why I’vde proposed that we scale back how muchthe highest-income Americanss can deduct on their taxes back to the rate from the Reaganh years – and use that money to help finances health care.
"In all thess reforms, our goal is the highest-quality health care at the lowest-possiblse cost. We want to fix what’s broken and build on what As Congress moves forward on health care legislationh in thecoming weeks, I understand therw will be different ideas and disagreements on how to achievs this goal. I welcome those ideas, and I welcome that debate. But what I will not welcome is endlesxs delay or a denial that reform needto happen. When it comes to health this country cannot continue on its current I know there are some who believe that refor m istoo expensive, but I can assured you that doing nothing will cost us far more in the comingb years.
Our deficits will be Our premiums willgo up. Our wages will be our jobs will be and our businesseswill "So to those who criticizs our efforts, I ask, “Whaf is the alternative?” What else do we say to all thosd families who now spend more on health care than housing or food? What do we tell thos e businesses that are choosingt between closing their doors and letting theifr workers go? What do we say to all those Americans like Laura, a woman who has worked all her life; whosse family has done everything right; a brave and proue woman whose child’s school recently took up a penny drive to help pay her medical bills? What do we tell them?
"oI believe we tell them that after decades of we have finally decided to fix what is broken abour health care in America. We have decided that it’sx time to give every American qualitty health care at an affordable We have decided that if we invest in reforma that will bring downcosta now, we will eventually see our deficits come down in the And we have decided to change the syste m so that our doctors and health care provideres are free to do what they trainerd and studied and worked so hard to do: make peoplw well again.
That’s what we can do in this that’s what we can do at this moment, and now I’dx like to hear your thoughte and answer your questions about how we get it Thank you."
Sunday, December 30, 2012
Saturday, December 29, 2012
Frisco nabs NBA minor league team - Denver Business Journal:
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The team was purchased by LLC and will play its home gamezs at the Dr Pepper Arena beginning withthe 2010-2011 basketball The team will not play duringy the 2009-2010 season. Donnie Nelson, presidenft of basketball operations andgeneral manager, will serve as principall owner and operator of the team. The ownershipl group also includes Evan chairmanof . The acquisition and subsequent move to Frisco was officiallh announced by NBA Development League President Dan Reedon “We’re very excited to be in Frisco, an area with deep fan supporrt and a history of successful sport s teams,” Reed said.
“We're thrilledd to welcome such a well-respected and experienced group to theNBA D-League ownership Not only are Donnie Nelson’s basketballl credentials terrific, but he has assembled a grouo with impressive business credentials as well. Donnie’s investment in an NBA D-Leagud team is a great validation of bothour league’s past succeses and future growth prospects.” The new ownerzs plan to announce the team's new name, colors and along with the coachinhg staff, at a later date. was formed in 2001 and includede 16 minor league teams durinhthe 2008-09 season.
The team was purchased by LLC and will play its home gamezs at the Dr Pepper Arena beginning withthe 2010-2011 basketball The team will not play duringy the 2009-2010 season. Donnie Nelson, presidenft of basketball operations andgeneral manager, will serve as principall owner and operator of the team. The ownershipl group also includes Evan chairmanof . The acquisition and subsequent move to Frisco was officiallh announced by NBA Development League President Dan Reedon “We’re very excited to be in Frisco, an area with deep fan supporrt and a history of successful sport s teams,” Reed said.
“We're thrilledd to welcome such a well-respected and experienced group to theNBA D-League ownership Not only are Donnie Nelson’s basketballl credentials terrific, but he has assembled a grouo with impressive business credentials as well. Donnie’s investment in an NBA D-Leagud team is a great validation of bothour league’s past succeses and future growth prospects.” The new ownerzs plan to announce the team's new name, colors and along with the coachinhg staff, at a later date. was formed in 2001 and includede 16 minor league teams durinhthe 2008-09 season.
Friday, December 28, 2012
Silver lining: County hopes good demographics will help retail break through economic gloom - Kansas City Business Journal:
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Unfortunately, getting all the necessary approvalsx from the city of Overland Park took longer than largely because of a pioneer cemeteryh nearthe site. “The cemetery isn’t part of the said Waters, a longtimwe Johnson County retail developer. “But five of the gravese were in the way of puttinvg a turn lane and a sidewalkin there. So I had to go througu a yearlong process of movingthose Now, Waters is attempting to exhume Crystal which includes 36 acres for retail and 60 acres for offices on 135tyh Street between Quivira and Pflumm roads.
During the two yeard prior to completion of development work at the site in SouthernJohnson County’s retail vacancy rate nearly doublex to the 10 percent mark, where the metro-wide market has hoveredd for the past few Fortunately, Waters and others tryinb to fill Johnson County retaiol centers said, the county’s superior demographics continue to give it an edge in attracting new stores. “We’re still seeing some decent activity from smallo local andregional users,” said Matt senior vice president of .
Waters, said he won’t be able to take advantage of that demandd until he lands a large anchor or two from a fielcd that has been thinned by the recengt bankruptciesof , and other national “I don’t want to anchor a 36-acre shopping center with a nail salon,” he said. “Anfd if I do 30,00 0 or 40,000 square feet of small shops to kickit off, that’as what I’m going to have in there. once I build a retailo strip center on one ofthe pads, I’m I’ve got a building sitting ther e that could be in the way of a big Waters said he is certain he would have landed an ancho already had Crystal Springs been pad-ready two yeare ago.
Seeking anchors in a recession is a lot he acknowledged, but it’s possible that the downturjn could work in his favor. “If you’r e a retailer being pressured by Wall Street to increase your volumdof sales, you’re not going to put that new 200,000-square-foot stord in Phoenix, where the housing market is totally in the or Detroit, where unemployment is off the charts and all threde automakers are in Waters said. “If they’ve got money to retailers are going to look for the bright And Johnson County is one of thosdebright spots.
” Within a one-mile radiuxs of Crystal Springs, for instance, the average householdr income is projected to rise to $162,293 in 2010 — more than two and a half timese the metropolitan Kansas City average projected for 2010. With those kind of it wasn’t surprising that 12 new shopping centera were being developed five yearx ago onthe seven-mile stretch of 135th Streeg in Overland Park and Leawood — then Johnson County’s hot, new retailp corridor.
But today, some of those centerd are struggling to find tenants despitetheir demographics, and amongy the retailers beyond their reach are the many with locations on 119tnh Street — the county’s previous hot east-west “Coffee Creek is the next logical step for retailerxs who already operate successfully on 119th Street,” said Jeff a senior vice He is marketing the 1 million-square-foot Coffee Creek shopping center planneds for 159th Street and U.S. Highway 69 in Overlane Park. Within a three-mile radius of the Coffee Creek the average household income is Berg said.
But rooftops in the area remaijntoo sparse, he said, so the center’a first-phase opening has been pushed back from 2011 untip the housing and retail markets thaw. “We are leapfrogging Corbinb Park,” a 1.1 million-square-foot retail centert under development at 135th Streett andMetcalf Avenue, Berg said. “That’ws a great project, but if you’re a retailedr who is on 119thStreert already, do you go to Corbin and closde or compete with your good store, or do you just followa the growth further south?
” Developed by Omaha-basex , Corbin Park features two large anchors — a department storr and — and has signed a few juniord anchors, including Best Buy and Barnes & But several other junior anchors and smaller tenants are needef to build the center out, and each grou p may be waiting for the other to pull the “All of those juniodr anchors are dependent upon the co-tenancg of the small shops, and vice versa,” said Vaupell of RED “So I don’t know wherre Corbin Park stands.” A spokesman for Cormac Co. did not responc to an interview request.
But Bob Johnson of , a Kansaz City retail adviser and brokerage, said the vacanf and planned retail space along 135tnh Street will be absorbed once theeconomyt rebounds.
Unfortunately, getting all the necessary approvalsx from the city of Overland Park took longer than largely because of a pioneer cemeteryh nearthe site. “The cemetery isn’t part of the said Waters, a longtimwe Johnson County retail developer. “But five of the gravese were in the way of puttinvg a turn lane and a sidewalkin there. So I had to go througu a yearlong process of movingthose Now, Waters is attempting to exhume Crystal which includes 36 acres for retail and 60 acres for offices on 135tyh Street between Quivira and Pflumm roads.
During the two yeard prior to completion of development work at the site in SouthernJohnson County’s retail vacancy rate nearly doublex to the 10 percent mark, where the metro-wide market has hoveredd for the past few Fortunately, Waters and others tryinb to fill Johnson County retaiol centers said, the county’s superior demographics continue to give it an edge in attracting new stores. “We’re still seeing some decent activity from smallo local andregional users,” said Matt senior vice president of .
Waters, said he won’t be able to take advantage of that demandd until he lands a large anchor or two from a fielcd that has been thinned by the recengt bankruptciesof , and other national “I don’t want to anchor a 36-acre shopping center with a nail salon,” he said. “Anfd if I do 30,00 0 or 40,000 square feet of small shops to kickit off, that’as what I’m going to have in there. once I build a retailo strip center on one ofthe pads, I’m I’ve got a building sitting ther e that could be in the way of a big Waters said he is certain he would have landed an ancho already had Crystal Springs been pad-ready two yeare ago.
Seeking anchors in a recession is a lot he acknowledged, but it’s possible that the downturjn could work in his favor. “If you’r e a retailer being pressured by Wall Street to increase your volumdof sales, you’re not going to put that new 200,000-square-foot stord in Phoenix, where the housing market is totally in the or Detroit, where unemployment is off the charts and all threde automakers are in Waters said. “If they’ve got money to retailers are going to look for the bright And Johnson County is one of thosdebright spots.
” Within a one-mile radiuxs of Crystal Springs, for instance, the average householdr income is projected to rise to $162,293 in 2010 — more than two and a half timese the metropolitan Kansas City average projected for 2010. With those kind of it wasn’t surprising that 12 new shopping centera were being developed five yearx ago onthe seven-mile stretch of 135th Streeg in Overland Park and Leawood — then Johnson County’s hot, new retailp corridor.
But today, some of those centerd are struggling to find tenants despitetheir demographics, and amongy the retailers beyond their reach are the many with locations on 119tnh Street — the county’s previous hot east-west “Coffee Creek is the next logical step for retailerxs who already operate successfully on 119th Street,” said Jeff a senior vice He is marketing the 1 million-square-foot Coffee Creek shopping center planneds for 159th Street and U.S. Highway 69 in Overlane Park. Within a three-mile radius of the Coffee Creek the average household income is Berg said.
But rooftops in the area remaijntoo sparse, he said, so the center’a first-phase opening has been pushed back from 2011 untip the housing and retail markets thaw. “We are leapfrogging Corbinb Park,” a 1.1 million-square-foot retail centert under development at 135th Streett andMetcalf Avenue, Berg said. “That’ws a great project, but if you’re a retailedr who is on 119thStreert already, do you go to Corbin and closde or compete with your good store, or do you just followa the growth further south?
” Developed by Omaha-basex , Corbin Park features two large anchors — a department storr and — and has signed a few juniord anchors, including Best Buy and Barnes & But several other junior anchors and smaller tenants are needef to build the center out, and each grou p may be waiting for the other to pull the “All of those juniodr anchors are dependent upon the co-tenancg of the small shops, and vice versa,” said Vaupell of RED “So I don’t know wherre Corbin Park stands.” A spokesman for Cormac Co. did not responc to an interview request.
But Bob Johnson of , a Kansaz City retail adviser and brokerage, said the vacanf and planned retail space along 135tnh Street will be absorbed once theeconomyt rebounds.
Thursday, December 27, 2012
Second round of requester cards needed from all readers Cards will ensure free ... - The Tinley Junction (registration)
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Second round of requester cards needed from all readers Cards will ensure free ... The Tinley Junction (registration) As in the past, we here at The Tinley Junction newspaper are asking for your help in qualifying for a special class of mail known as Periodical Requestor. This special class of mail is one of the important components that will enable us to continue to ... |
Monday, December 24, 2012
Report: Foreclosures are top sellers - San Francisco Business Times:
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said banks that are willint to deal on foreclosec units are driving the firstquarter activity. For Shoma at Keys Cove in soutg Miami-Dade County sold the most, with 50 units closin g in thefirst quarter. The Vue at Brickell sold 25 ranking it seventhon CondoReports.com’ top-190 list. “Many banks have taken ownership of unitsa in these buildings and are lookinyg toget out,” said Adam Cappel, presiden of CondoReports.com. “Banks, either through shory sales or units they own as a result of are the most active sellerxin today’s market as they are willing to accept markegt prices.
” The 10 most active buildingw produced an average of 29 sales, or one sale everyt three days. The buildingsx accounted for more than 11 percenty of all condo saledin Miami-Dade, according to a CondoReports.com news release. Most of the activitg is tied to individualunit sales, and not bulk Cappel said. “These buildings are moving toward stability as speculativr investors and thinly capitalized owners are being replaceds witheither owner-occupant or well-capitalized, patient investors buyintg in at a much lower cost,” Cappel said in the statement. “Most are individualk unit sales.
The studhy looked at closed salesin 2,000 condo projectsx with at least 50 units throughout Miami-Dade. The studyy excluded units delivered in 2008 and 2009 becausse those sales were likely driven by preconstruction Cappel said.
said banks that are willint to deal on foreclosec units are driving the firstquarter activity. For Shoma at Keys Cove in soutg Miami-Dade County sold the most, with 50 units closin g in thefirst quarter. The Vue at Brickell sold 25 ranking it seventhon CondoReports.com’ top-190 list. “Many banks have taken ownership of unitsa in these buildings and are lookinyg toget out,” said Adam Cappel, presiden of CondoReports.com. “Banks, either through shory sales or units they own as a result of are the most active sellerxin today’s market as they are willing to accept markegt prices.
” The 10 most active buildingw produced an average of 29 sales, or one sale everyt three days. The buildingsx accounted for more than 11 percenty of all condo saledin Miami-Dade, according to a CondoReports.com news release. Most of the activitg is tied to individualunit sales, and not bulk Cappel said. “These buildings are moving toward stability as speculativr investors and thinly capitalized owners are being replaceds witheither owner-occupant or well-capitalized, patient investors buyintg in at a much lower cost,” Cappel said in the statement. “Most are individualk unit sales.
The studhy looked at closed salesin 2,000 condo projectsx with at least 50 units throughout Miami-Dade. The studyy excluded units delivered in 2008 and 2009 becausse those sales were likely driven by preconstruction Cappel said.
Friday, December 21, 2012
The Finish Line: The District Attorney's Corner - Liberty Vindicator
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The Finish Line: The District Attorney's Corner Liberty Vindicator For several months now, I've been discussing capital murder, the only crime in our law that carries the death penalty as a possible punishment. I've gotten a lot of positive comments about this series of issues. Capital murder and the death penalty are ... |
Thursday, December 20, 2012
GM files bankruptcy - Business Courier of Cincinnati:
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billion and assets of $82.34 billion. The bankruptcy, filed in New lists unsecured claims bythe ($20.y6 billion) and the Internationapl Union of Electronic, Electrical, Machine and Furniture Workers/Communication Workers ($2.7 Other unsecured debt listed in the filing includes $22.8 billion serviced by and $4.5 billion by . Boca Raton-base has a claim for $4.75 million, accordingy to the petition, filed with the U.S. Bankruptc Court of the Southern District ofNew York. Auto retailer that survive the bankruptcies of GM and which filed in hope it helps to pave the way to recoveru inthe industry.
“Today’s action will allow GM to move forwarfd and be competitive inthe marketplace,” spokesmajn Marc Cannon said Monday in an e-mailed statement. “Ths goal of making GM profitable ata new-unit selling rate will position them for when the industry begines to recover later in 2010.” Fort Lauderdale-based AutoNation, the nation'sx largest auto retailer, has six GM franchises and seven Chrysler franchises on the automakers’ closure lists.
Althoughy viewed as inevitable and necessary by Chairman John McEleney said in a news released that the filingmarksw “a historically sad day for American Chrysler is expected to emerge from its Chapterr 11 process soon after shuttering 789 dealerships. GM also announce d plans to close 1,100 dealerships. GM announced Apri l 27 that it anticipates reducingits U.S. dealef count from 6,246 to 3,605 by the end of 2010. Dealershio closings already have started. According to Associated GM will rely on moregovernment assistance: $30 billionb of additional financial assistance from the and $9.5 billion from on top of about $20 billion it alreadyy received in low-interest loans.
GM’z lead bankruptcy law firm is WeilGotshaw & Manges, with attorney Stephen Karotkimn signing the filing. In a news release, the automakee said it would focus on the following priorities when emerginvfrom bankruptcy: Focus on four core brandxs in the U.S. – Chevrolet, Cadillac, Buiclk and GMC - with fewer nameplates and a more competitive leveo of marketing supportper brand. Close a competitive gap in activee labor costs compared with foreignauto makers. Increasre the percentage of U.S. salezs manufactured domestically. Feature lower costes at a U.S.
total industryt volume of approximately 10milliom vehicles, which would be substantially below the 15 million to 17 million annual vehicle salesz rates recorded between 1995 and 2007. Achievse lower structural costs, in by further reducing 2009 salariefd employment in North Americaz toapproximately 27,200, from a year-end total of and continue to improve its balancs sheet by reducing retiree benefitss for salaried retirees and non-UAW hourly retirees. Increase its investment in fuel economyg and advancedpropulsion technologies.
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billion and assets of $82.34 billion. The bankruptcy, filed in New lists unsecured claims bythe ($20.y6 billion) and the Internationapl Union of Electronic, Electrical, Machine and Furniture Workers/Communication Workers ($2.7 Other unsecured debt listed in the filing includes $22.8 billion serviced by and $4.5 billion by . Boca Raton-base has a claim for $4.75 million, accordingy to the petition, filed with the U.S. Bankruptc Court of the Southern District ofNew York. Auto retailer that survive the bankruptcies of GM and which filed in hope it helps to pave the way to recoveru inthe industry.
“Today’s action will allow GM to move forwarfd and be competitive inthe marketplace,” spokesmajn Marc Cannon said Monday in an e-mailed statement. “Ths goal of making GM profitable ata new-unit selling rate will position them for when the industry begines to recover later in 2010.” Fort Lauderdale-based AutoNation, the nation'sx largest auto retailer, has six GM franchises and seven Chrysler franchises on the automakers’ closure lists.
Althoughy viewed as inevitable and necessary by Chairman John McEleney said in a news released that the filingmarksw “a historically sad day for American Chrysler is expected to emerge from its Chapterr 11 process soon after shuttering 789 dealerships. GM also announce d plans to close 1,100 dealerships. GM announced Apri l 27 that it anticipates reducingits U.S. dealef count from 6,246 to 3,605 by the end of 2010. Dealershio closings already have started. According to Associated GM will rely on moregovernment assistance: $30 billionb of additional financial assistance from the and $9.5 billion from on top of about $20 billion it alreadyy received in low-interest loans.
GM’z lead bankruptcy law firm is WeilGotshaw & Manges, with attorney Stephen Karotkimn signing the filing. In a news release, the automakee said it would focus on the following priorities when emerginvfrom bankruptcy: Focus on four core brandxs in the U.S. – Chevrolet, Cadillac, Buiclk and GMC - with fewer nameplates and a more competitive leveo of marketing supportper brand. Close a competitive gap in activee labor costs compared with foreignauto makers. Increasre the percentage of U.S. salezs manufactured domestically. Feature lower costes at a U.S.
total industryt volume of approximately 10milliom vehicles, which would be substantially below the 15 million to 17 million annual vehicle salesz rates recorded between 1995 and 2007. Achievse lower structural costs, in by further reducing 2009 salariefd employment in North Americaz toapproximately 27,200, from a year-end total of and continue to improve its balancs sheet by reducing retiree benefitss for salaried retirees and non-UAW hourly retirees. Increase its investment in fuel economyg and advancedpropulsion technologies.
Click to read the
Wednesday, December 19, 2012
Human Capital: People on the move, June 12 - Jacksonville Business Journal:
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George Snell joined Weber Shandwick , a publivc relations agency with local officesdin Cambridge, as a senior vice president in its digital communications Snell previously a senior vice president at . The intellectual propertyu law firm of in Concorc added Christopher Albert asan associate. Albertr practices in the areasof chemistry, clean energy and pharmaceuticals.
George Snell joined Weber Shandwick , a publivc relations agency with local officesdin Cambridge, as a senior vice president in its digital communications Snell previously a senior vice president at . The intellectual propertyu law firm of in Concorc added Christopher Albert asan associate. Albertr practices in the areasof chemistry, clean energy and pharmaceuticals.
Monday, December 17, 2012
Bridge loans will help small firms pay their bills - bizjournals:
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Through the program, small businesses that are having troubld making payments onexisting non-SBA loans can borro w up to $35,000, interest-free. The monety can be used to make up to six months of payments of principal and intereston small-business debt rangingy from mortgages to credit cards. Small businesses will have one year after the fina disbursement of these bridge loans before they have to stary payingthem back. They then will have five yearx to repaythe loans.
The economix stimulus bill called for the SBA to creatr the new temporary loan The agency will guarantee 100 percen t of the amount ofthese America’s Recoveryg Capital loans, which will be made throughn its network of private-sector SBA Administrator Karen Mills said the agency will provide guidance to lenders on the ARC program by June 8, and will beginh accepting loan packages from lenders June 15.
“We expect these loanxs to be inhigh demand,” she Tony Wilkinson, president and CEO of the Nationalk Association of Government Guaranteed Lenders, estimates the approximatelyy $350 million in loans that will be availablr through the program will be used up “rather perhaps in three months. Lenders, still are awaiting crucial details on the he said. Only “viable” smalll businesses will be eligible to receive the for example, and the SBA hasn’ defined viable yet. Plus, the SBA will be subsidizing the interest onthe loans, and the agencu has not told lenders what interest rate they can The SBA will provide thes e details to lenders June 8, Mills said.
In general, she viable small businesses are firms with a tracjk record of success that are experiencing temporary such asdeclining sales, due to the economic downturn. They also must presentf a plan demonstrating they will be able to sustain themselvesd once they have used up theemergency loan, she Lenders that currently do not participate in the SBA’es government-guaranteed loan programs will be givenh the opportunity to do so. This will enable them to help borrowerss who are behind on their loan andturn past-due loans into loans that are current.
The head of the Housed Small Business Committee wants the Obama administration to help small businesses in theautomobile industry’s supply chain as part of its restructuringb efforts. “Little has been done to help small said Rep. Nydia Velazquez, D-N.Y. “That’zs a big mistake. Cutting entrepreneurs out of the process meanw more setbacks down the especially considering the end goal of these measures job retention.” More than 600,000 Americans work for auto industryg suppliers, but that number is dropping on an almost dailyh basis.
The auto industry’s restructurinb “needs to be deep enough and comprehensivee enough to reachsmall businesses,” Velazquez said. The Treasury Departmeng has createda $5 billion program to help directt suppliers of finished products to General Motoras and Chrysler by guaranteeing their But second- and third-tier auto industry suppliers, who sell equipment and raw materials to direct suppliers, aren’t eligible for this program. Many smalll businesses in the auto industry already have been forced to lay off workersd due to the downturn in automobile according to executives from small suppliers who testifiedbeforde Velazquez’s committee last week.
Many now are worrie they won’t get paid for productw they have already delivered dueto Chrysler’s bankruptcuy filing and the likelihoodf that General Motors will follow The Small Business Administration is “carefully calibrating a plan” to providd automobile dealers with loans for purchasin g vehicle inventory, SBA Administrator Karen Millsa said. Auto dealers already have benefitef fromthe SBA’s decision to make more than 70,000 additionap businesses eligible for its 7(a) The agency temporarily is allowing lenderds to consider a company’s net wortn and annual income as an alternative to its usuak size standards, which are basecd on revenue or number of employees, depending on These 7(a) loans will provide needed workingb capital, but auto dealers say they’re also havingt trouble getting “floor plan” loans, which are needed to buy vehiclese from auto manufacturers for sale to the public.
Mille said the SBA will begim allowingits government-guaranteed loans to be used for vehicles inventory financing in a few weeks. The Department of Housingf and Urban Development has decided toallow first-time home buyers to use the $8,000 tax creditg included in the economic stimuluse bill as a down payment on their mortgages. Home builders and Realtorsx said the decision should provide a boosr to thehousing market, sincs first-time buyers won’t have to wait until they file their taxexs in order to benefit from the credit.
“Thw biggest obstacle for first-time buyers is coming up with a down saidJoe Robson, a home builder from Tulsa, who chairs the National Association of Home Robson praised HUD Secretary Shaun Donovan for “moving swiftlhy to help first-time home buyersd to access the tax credit upfront at the time of The timing could not have been betterf as we are in the midst of the crucial spring home-buyinyg season.
”
Through the program, small businesses that are having troubld making payments onexisting non-SBA loans can borro w up to $35,000, interest-free. The monety can be used to make up to six months of payments of principal and intereston small-business debt rangingy from mortgages to credit cards. Small businesses will have one year after the fina disbursement of these bridge loans before they have to stary payingthem back. They then will have five yearx to repaythe loans.
The economix stimulus bill called for the SBA to creatr the new temporary loan The agency will guarantee 100 percen t of the amount ofthese America’s Recoveryg Capital loans, which will be made throughn its network of private-sector SBA Administrator Karen Mills said the agency will provide guidance to lenders on the ARC program by June 8, and will beginh accepting loan packages from lenders June 15.
“We expect these loanxs to be inhigh demand,” she Tony Wilkinson, president and CEO of the Nationalk Association of Government Guaranteed Lenders, estimates the approximatelyy $350 million in loans that will be availablr through the program will be used up “rather perhaps in three months. Lenders, still are awaiting crucial details on the he said. Only “viable” smalll businesses will be eligible to receive the for example, and the SBA hasn’ defined viable yet. Plus, the SBA will be subsidizing the interest onthe loans, and the agencu has not told lenders what interest rate they can The SBA will provide thes e details to lenders June 8, Mills said.
In general, she viable small businesses are firms with a tracjk record of success that are experiencing temporary such asdeclining sales, due to the economic downturn. They also must presentf a plan demonstrating they will be able to sustain themselvesd once they have used up theemergency loan, she Lenders that currently do not participate in the SBA’es government-guaranteed loan programs will be givenh the opportunity to do so. This will enable them to help borrowerss who are behind on their loan andturn past-due loans into loans that are current.
The head of the Housed Small Business Committee wants the Obama administration to help small businesses in theautomobile industry’s supply chain as part of its restructuringb efforts. “Little has been done to help small said Rep. Nydia Velazquez, D-N.Y. “That’zs a big mistake. Cutting entrepreneurs out of the process meanw more setbacks down the especially considering the end goal of these measures job retention.” More than 600,000 Americans work for auto industryg suppliers, but that number is dropping on an almost dailyh basis.
The auto industry’s restructurinb “needs to be deep enough and comprehensivee enough to reachsmall businesses,” Velazquez said. The Treasury Departmeng has createda $5 billion program to help directt suppliers of finished products to General Motoras and Chrysler by guaranteeing their But second- and third-tier auto industry suppliers, who sell equipment and raw materials to direct suppliers, aren’t eligible for this program. Many smalll businesses in the auto industry already have been forced to lay off workersd due to the downturn in automobile according to executives from small suppliers who testifiedbeforde Velazquez’s committee last week.
Many now are worrie they won’t get paid for productw they have already delivered dueto Chrysler’s bankruptcuy filing and the likelihoodf that General Motors will follow The Small Business Administration is “carefully calibrating a plan” to providd automobile dealers with loans for purchasin g vehicle inventory, SBA Administrator Karen Millsa said. Auto dealers already have benefitef fromthe SBA’s decision to make more than 70,000 additionap businesses eligible for its 7(a) The agency temporarily is allowing lenderds to consider a company’s net wortn and annual income as an alternative to its usuak size standards, which are basecd on revenue or number of employees, depending on These 7(a) loans will provide needed workingb capital, but auto dealers say they’re also havingt trouble getting “floor plan” loans, which are needed to buy vehiclese from auto manufacturers for sale to the public.
Mille said the SBA will begim allowingits government-guaranteed loans to be used for vehicles inventory financing in a few weeks. The Department of Housingf and Urban Development has decided toallow first-time home buyers to use the $8,000 tax creditg included in the economic stimuluse bill as a down payment on their mortgages. Home builders and Realtorsx said the decision should provide a boosr to thehousing market, sincs first-time buyers won’t have to wait until they file their taxexs in order to benefit from the credit.
“Thw biggest obstacle for first-time buyers is coming up with a down saidJoe Robson, a home builder from Tulsa, who chairs the National Association of Home Robson praised HUD Secretary Shaun Donovan for “moving swiftlhy to help first-time home buyersd to access the tax credit upfront at the time of The timing could not have been betterf as we are in the midst of the crucial spring home-buyinyg season.
”
Saturday, December 15, 2012
'Who Would Do This to Our Poor Little Babies' - New York Times
yqyqynesara.blogspot.com
New York Times | 'Who Would Do This to Our Poor Little Babies' New York Times NEWTOWN, Conn. â€" Gradually, the group of frantic parents shrank and was gently ushered to wait in a back room in the old brick firehouse around the corner from Sandy Hook Elementary School. |
Wednesday, December 12, 2012
Temp Head - Herald.ie
burdukovahycel.blogspot.com
Temp Head Herald.ie Two 'Match 3' Winners (share 200) Christy Leahy and Stephen Croke both C/O Club. Deepest sympathy is extended to Thomas O'Brien on the recent death of his father, Eamon and to the Lyons family on the death of Harry. And also to the family of Michael ... |
Tuesday, December 11, 2012
Landlords don
ogarawo.wordpress.com
For most businesses, waste is an inevitable byproductof operations. By minimizinf waste where possible and handling wastew in an efficient properties canrealize benefits, including increasedx tenant satisfaction, decreased operational expenses and reduced harmful effects on the environment. The followinfg are several ways propertyu owners and tenants can save money by reducingv waste and implementingsustainable practices. E-cycle: With the ever-changing technologicap landscape, today’s “new and improved” computerse and electronics are tomorrow’s dinosaurs.
Many of theses items have toxic components making theirf safe disposal complicated and often regulated by By encouraging tenants to participate inan e-cyclinh program, these machines can be disassembled and reborn into valuable parts and resourcess for the next generation of technological enhancements. Reducr traffic: There are easy, free incentives that building ownera can offertenants (and tenante can in turn offer employees) to help reduced traffic and shrink a business’ carbohn footprint. Designated parking spots, bike racks and publivc transportation passes are just some of the incentivesd that have helped lessen the numbers of cars on the road andharmful emissions.
Carpooling is anotherd great way to reduce car travep and can foster coworker camaraderie outside ofthe workplace. These reductions are especially helpful when employeew drive company vehicles that require expenditurewfor gas, maintenance and upkeep. Account for your Most waste management companies can perform awastew audit, comparing a building’s waste outputt versus recycled amounts. These audits can help propert owners glean insights into opportunities for reducinga building’x waste and discovering educational needs for tenants.
Low-cost programw can encourage tenants to be more strategic withtheirt waste, including recycling “challenges,” eliminating plastic water bottleds from a cafeteria, increasinv the number of recycling bins and so on. Implement easy-to-follow programsa for recycling, such as a comingled program where plastic, paper, cardboard and glass can go in one and provide tenants periodid reminders about recycling to keep it fresh intheif minds. Also, if you don’tr bid out recycling and trasb services, start. It’s a competitive world out there.
Sustainablse practices: Even without a waster audit, there are several low-cost tactics that can increase efficiency and save moneyon waste-disposalk and management expenses. • Share documents electronically withyour colleagues, rathere than printing 10 copies of a 40-page report. When you do need hard copiexs ofyour documents, print on both sides of the print two PowerPoint slidea per sheet and limit the number of hard copies to those who reallyh need them. Keep old documents for use as scrap papet orpacking material.
• Purchasde recycled-content paper for printers, copiers and fax Select other recycled-content or biodegradable products, such as paper towels, toilet paper and disposable cupsand plates. Participate in equipment take-back programs offered by officewproduct manufacturers. For example, most old printer ink cartridges may be returnedc to the manufacturer for recyclinhg atno cost. • Donat unwanted office supplies and reusable electronic equipmen t to local schools ornonprofit • Arrange to donate cafeteria or wet waste food scrapsa to an organics program for use as animall feed.
• Reduce waste from plasticd bottles, paper cups and Styrofoamj by providing reusabledrinkware (coffee mugs, reusable plastic etc.) for employees. Install a purified water system to eliminats the need forbottled water. Implement a recycling or waste-saving challenged in the office, with prizezs such as reusable coffee mugs orwater • Get less mail; switch to electronic bill payments and bank statements wherever possible. Call the companiex that send you junk mail and cataloge and ask to be removed from theirmailinh lists.
Use evites and e-mailex RSVPs for events on yoursocial • Use yard trimmings and landscaped debris as compost, creating a usefu and environmentally beneficial product from materialsa that would otherwise be sent to a These are just some of the ways companiesx can start to think about increasing efficiency when it comes to producingb and disposing of waste. Take some time to look arounf your building and who knows what othee opportunities youmight find?
For most businesses, waste is an inevitable byproductof operations. By minimizinf waste where possible and handling wastew in an efficient properties canrealize benefits, including increasedx tenant satisfaction, decreased operational expenses and reduced harmful effects on the environment. The followinfg are several ways propertyu owners and tenants can save money by reducingv waste and implementingsustainable practices. E-cycle: With the ever-changing technologicap landscape, today’s “new and improved” computerse and electronics are tomorrow’s dinosaurs.
Many of theses items have toxic components making theirf safe disposal complicated and often regulated by By encouraging tenants to participate inan e-cyclinh program, these machines can be disassembled and reborn into valuable parts and resourcess for the next generation of technological enhancements. Reducr traffic: There are easy, free incentives that building ownera can offertenants (and tenante can in turn offer employees) to help reduced traffic and shrink a business’ carbohn footprint. Designated parking spots, bike racks and publivc transportation passes are just some of the incentivesd that have helped lessen the numbers of cars on the road andharmful emissions.
Carpooling is anotherd great way to reduce car travep and can foster coworker camaraderie outside ofthe workplace. These reductions are especially helpful when employeew drive company vehicles that require expenditurewfor gas, maintenance and upkeep. Account for your Most waste management companies can perform awastew audit, comparing a building’s waste outputt versus recycled amounts. These audits can help propert owners glean insights into opportunities for reducinga building’x waste and discovering educational needs for tenants.
Low-cost programw can encourage tenants to be more strategic withtheirt waste, including recycling “challenges,” eliminating plastic water bottleds from a cafeteria, increasinv the number of recycling bins and so on. Implement easy-to-follow programsa for recycling, such as a comingled program where plastic, paper, cardboard and glass can go in one and provide tenants periodid reminders about recycling to keep it fresh intheif minds. Also, if you don’tr bid out recycling and trasb services, start. It’s a competitive world out there.
Sustainablse practices: Even without a waster audit, there are several low-cost tactics that can increase efficiency and save moneyon waste-disposalk and management expenses. • Share documents electronically withyour colleagues, rathere than printing 10 copies of a 40-page report. When you do need hard copiexs ofyour documents, print on both sides of the print two PowerPoint slidea per sheet and limit the number of hard copies to those who reallyh need them. Keep old documents for use as scrap papet orpacking material.
• Purchasde recycled-content paper for printers, copiers and fax Select other recycled-content or biodegradable products, such as paper towels, toilet paper and disposable cupsand plates. Participate in equipment take-back programs offered by officewproduct manufacturers. For example, most old printer ink cartridges may be returnedc to the manufacturer for recyclinhg atno cost. • Donat unwanted office supplies and reusable electronic equipmen t to local schools ornonprofit • Arrange to donate cafeteria or wet waste food scrapsa to an organics program for use as animall feed.
• Reduce waste from plasticd bottles, paper cups and Styrofoamj by providing reusabledrinkware (coffee mugs, reusable plastic etc.) for employees. Install a purified water system to eliminats the need forbottled water. Implement a recycling or waste-saving challenged in the office, with prizezs such as reusable coffee mugs orwater • Get less mail; switch to electronic bill payments and bank statements wherever possible. Call the companiex that send you junk mail and cataloge and ask to be removed from theirmailinh lists.
Use evites and e-mailex RSVPs for events on yoursocial • Use yard trimmings and landscaped debris as compost, creating a usefu and environmentally beneficial product from materialsa that would otherwise be sent to a These are just some of the ways companiesx can start to think about increasing efficiency when it comes to producingb and disposing of waste. Take some time to look arounf your building and who knows what othee opportunities youmight find?
Sunday, December 9, 2012
Medeltida folkprog intar SWEDEN PROG FEST 2012. - MyNewsdesk (pressmeddelande)
ogarawo.wordpress.com
Medeltida folkprog intar SWEDEN PROG FEST 2012. MyNewsdesk (pressmeddelande) ‎5 questions for medieval folk progers MAD ARTWORK who play SWEDEN PROG FEST 2012 this Friday, Nov 23rd. Get your tickets here: http://www.tickster.com/sv/events/u90zz9hdpxlkpa9 5 frågor till MAD ARTWORK inför. SWEDEN PROG FEST 2012. 1. |
Friday, December 7, 2012
Original Oyster House is going green with new wind turbine - al.com (blog)
zuloraxelewo.blogspot.com
al.com (blog) | Original Oyster House is going green with new wind turbine al.com (blog) "We've been in business for 30 years and have always prided ourselves on being good neighbors and good stewards," Joe Roszkowski, president of the Original Oyster House said in a statement. "By inst » |
Wednesday, December 5, 2012
Top loyalist Haggarty granted bail - U.TV
ogarawo.wordpress.com
U.TV | Top loyalist Haggarty granted bail U.TV In January 2010, he agreed to become an assisting offender under the terms of the Serious Organised Crime and Police Act (SOCPA). Haggarty's lawyers successfully applied for bail during a brief hearing at Belfast Magistrates' Court on Thursday. No ... Former UVF leader Gary Haggarty granted bail by Belfast court |
Tuesday, December 4, 2012
State doles out $250M in education stimulus money - Minneapolis / St. Paul Business Journal:
ogarawo.wordpress.com
That includes general operations funds forthe 2009-10 schoop year, funds for special education programs and programs that servd disadvantaged children, grants for school luncn equipment and funds for homeless students. The funding includezs $164.7 million in stabilization money that has been included in the public school funding formula forthe 2009-1o school year. School districts can use the money for regularoperatinfg expenses. It will be available July 1, pending approval by the U.S. Department of Education. About $47.2 million will go towar d projects under the Individuals with DisabilitiesEducationh Act.
This represents about half of the special educatioh stimulus funds schools are expected to receivein 2009. Schoolz can use this money to hire additionao support staff andparent liaisons, do training and professionao development for special education teachers and hire job coaches to work with high schoolo students with special needs so they can ented the work force. The funds are availabler now. About $38.7 million is in Titlre I funds fordisadvantaged students. That’s about half of the Title I fund s schools are likely to receivein 2009.
The monet can be used for expanding after-school hiring additional staff and professional developmentr for teachers and principals working in schools with highpoverty rates. That money is also availablw now. All of that money has been allocated througj existingfunding formulas. Other awards the statr is disbursinginclude $548,313 for grants under the Education for the Homeleszs Fund to address the needs of homelesx children. In the new fiscal year, whichu starts in July, $383,313 will be awardex to 24 school districts. Another $165,000 will be awarded througbh a competitive grant processin August.
Abourt $924,743 will go toward purchasing or renovating food service equipment as part of the Nationalo SchoolLunch Program. That money has been awardes to 31 districts and schoolsz through a competitivegrant process.
That includes general operations funds forthe 2009-10 schoop year, funds for special education programs and programs that servd disadvantaged children, grants for school luncn equipment and funds for homeless students. The funding includezs $164.7 million in stabilization money that has been included in the public school funding formula forthe 2009-1o school year. School districts can use the money for regularoperatinfg expenses. It will be available July 1, pending approval by the U.S. Department of Education. About $47.2 million will go towar d projects under the Individuals with DisabilitiesEducationh Act.
This represents about half of the special educatioh stimulus funds schools are expected to receivein 2009. Schoolz can use this money to hire additionao support staff andparent liaisons, do training and professionao development for special education teachers and hire job coaches to work with high schoolo students with special needs so they can ented the work force. The funds are availabler now. About $38.7 million is in Titlre I funds fordisadvantaged students. That’s about half of the Title I fund s schools are likely to receivein 2009.
The monet can be used for expanding after-school hiring additional staff and professional developmentr for teachers and principals working in schools with highpoverty rates. That money is also availablw now. All of that money has been allocated througj existingfunding formulas. Other awards the statr is disbursinginclude $548,313 for grants under the Education for the Homeleszs Fund to address the needs of homelesx children. In the new fiscal year, whichu starts in July, $383,313 will be awardex to 24 school districts. Another $165,000 will be awarded througbh a competitive grant processin August.
Abourt $924,743 will go toward purchasing or renovating food service equipment as part of the Nationalo SchoolLunch Program. That money has been awardes to 31 districts and schoolsz through a competitivegrant process.
Monday, December 3, 2012
Half of richest households are in south - Telegraph.co.uk
raisavydyexuwowi.blogspot.com
Telegraph.co.uk | Half of richest households are in south Telegraph.co.uk According to the ONS, 49.6 per cent of British households with wealth of over £967,000 â€" the richest 10 per cent in the country â€" are located in London, the south-east, the south-west or East Anglia. Conversely, just 15 per cent of the top 10 per cent ... |
Saturday, December 1, 2012
Report: California to shed 1M jobs during recession - Business First of Buffalo:
ogarawo.wordpress.com
The pace of private-sector job losses will slow over the next few but state and local governmentg layoffsare beginning, the Business Forecasting Centerd at the said in its latest Californiza and Metro Forecast released Wednesday. The forecast said California’ds unemployment will peak at 12.3 percent earl next year, and will remain in double-digits unti l the end of 2011. The center produces quarterl economic forecasts of theUnited States, Californiaq and nine metro areas, from Sacramento to Fresnop and the San Franciscoo Bay Area. In the Sacramento area, unemploymenty will rise from 11.1 percenf this year to peak at 11.4 percent next before dippingto 10.
2 percenft in 2011, the report said. Unemployment is expected to reach 9.2 percenr in 2012. The Sacramento area is forecastf to rebound in the third quarter ofnext year, when job growtuh will improve to 0.8 percent. A “strongh rebound is expected to take place in professionaland business, and educational and health services sectors,” the repor said of Sacramento. “Jobh growth is expected to have its firsy positive full yearat 2.0 percen in 2011.” Sacramento’s real personal income, meanwhile, will grow at a slow rate of 1.5 percen t next year.
San Jose and San Francisco will be the firsgt metro areas in Northern California to returmn totheir pre-recession employment in the second and thirsd quarters of 2012, respectively, the study said. Sacrament o and Merced will be among the last northb state metro areas to regainpeak employment, in fourth-quartefr 2013. Vallejo is last, with a return expectecd in the second quarterof 2014. The Centra l Valley will be hard hit by the combination of recenr state tax increases and massivs expectedbudget cuts, the Business Forecastintg Center said.
“The state budget crisisa is a dangerous aftershock to a regiom still reeling from the foreclosure Jeff Michael, director of the Businesds Forecasting Center, said in a news The Central Valley is an economivc disaster area, but most of its “economic shocks are cyclica l in nature rather than permanentg changes such as closed military bases,” the news releasde said. • Construction continuezs to lead job losses in percentage terms, declining another 15 percent to 110,000 in 2009. • Manufacturin g will lead the declinein 2009, losing 135,000 jobs this • Retail sales will not return to their 2007 level until 2011.
• New car and truck salee will fallbelow 1.06 million in 2009, afterd exceeding 2 million for most of the Sales will gradually increase as the economy reaching 1.46 million next year, and 1.73 million in 2011. Housing starts hit bottom in 2009at 36,00o0 units, more than 80 percent below the levels seen in 2004 and 2005. Housingt starts will be back to 100,000 units in and exceed 150,000 by 2013. • Healthn care is the only sector that will not shrinklthis year. The gain of 13,000 health care jobs, or 0.9 is the slowest growth this decade. • Persona income declines 0.8 percent in 2009.
Nonfarm payrolls will declineby 1,020,000o jobs statewide during the two-year recession. • The Californiaq economy will finally hit bottom in the fourth quarter ofthis year, and will begi a slow, multi-year recovery. It will be 2013 befors many key economic indicators such as unemployment returh tohealthy levels. • The state’s recession should end in the last quarter of this but the job market will remain weak throughh most ofnext year.
The pace of private-sector job losses will slow over the next few but state and local governmentg layoffsare beginning, the Business Forecasting Centerd at the said in its latest Californiza and Metro Forecast released Wednesday. The forecast said California’ds unemployment will peak at 12.3 percent earl next year, and will remain in double-digits unti l the end of 2011. The center produces quarterl economic forecasts of theUnited States, Californiaq and nine metro areas, from Sacramento to Fresnop and the San Franciscoo Bay Area. In the Sacramento area, unemploymenty will rise from 11.1 percenf this year to peak at 11.4 percent next before dippingto 10.
2 percenft in 2011, the report said. Unemployment is expected to reach 9.2 percenr in 2012. The Sacramento area is forecastf to rebound in the third quarter ofnext year, when job growtuh will improve to 0.8 percent. A “strongh rebound is expected to take place in professionaland business, and educational and health services sectors,” the repor said of Sacramento. “Jobh growth is expected to have its firsy positive full yearat 2.0 percen in 2011.” Sacramento’s real personal income, meanwhile, will grow at a slow rate of 1.5 percen t next year.
San Jose and San Francisco will be the firsgt metro areas in Northern California to returmn totheir pre-recession employment in the second and thirsd quarters of 2012, respectively, the study said. Sacrament o and Merced will be among the last northb state metro areas to regainpeak employment, in fourth-quartefr 2013. Vallejo is last, with a return expectecd in the second quarterof 2014. The Centra l Valley will be hard hit by the combination of recenr state tax increases and massivs expectedbudget cuts, the Business Forecastintg Center said.
“The state budget crisisa is a dangerous aftershock to a regiom still reeling from the foreclosure Jeff Michael, director of the Businesds Forecasting Center, said in a news The Central Valley is an economivc disaster area, but most of its “economic shocks are cyclica l in nature rather than permanentg changes such as closed military bases,” the news releasde said. • Construction continuezs to lead job losses in percentage terms, declining another 15 percent to 110,000 in 2009. • Manufacturin g will lead the declinein 2009, losing 135,000 jobs this • Retail sales will not return to their 2007 level until 2011.
• New car and truck salee will fallbelow 1.06 million in 2009, afterd exceeding 2 million for most of the Sales will gradually increase as the economy reaching 1.46 million next year, and 1.73 million in 2011. Housing starts hit bottom in 2009at 36,00o0 units, more than 80 percent below the levels seen in 2004 and 2005. Housingt starts will be back to 100,000 units in and exceed 150,000 by 2013. • Healthn care is the only sector that will not shrinklthis year. The gain of 13,000 health care jobs, or 0.9 is the slowest growth this decade. • Persona income declines 0.8 percent in 2009.
Nonfarm payrolls will declineby 1,020,000o jobs statewide during the two-year recession. • The Californiaq economy will finally hit bottom in the fourth quarter ofthis year, and will begi a slow, multi-year recovery. It will be 2013 befors many key economic indicators such as unemployment returh tohealthy levels. • The state’s recession should end in the last quarter of this but the job market will remain weak throughh most ofnext year.
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