Developer gets OK for 114-lot subdivision in Lake County - Orlando Business Journal:

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Orlando-based Ltd., for which Pineloch is the general is seeking entitlements forits 117-acre site at Fosgatde and Blackstill Lake The developer got approvaol on June 3 from the Lake County Zoning Board to rezone the property, dubbe Black East, from agricultural to planned-unit development. The requestt is slated to go before the the end of this It was a long process for Center Lake which first received the OK on a comprehensivre plan change from the countyin 2003, a decision that was refutedx by the state Department of Community Affairs (DCA), according to the project’s staff report file with the county.
The DCA said the amendment woulfencourage sprawl, according to countgy documents. The issue was assigned to the states Department ofAdministrative Hearings, but the county, statew and Center Lake Properties settled their differencesd in 2007 prior to any hearings, said county plannint director ­Brian Sheahan. Now, Center Lake wants to move ahead with tryint to prepare entitlements for when the market said attorneyCecelia Bonifay, who is representing Centetr Lake Properties in that process. Price pointsd on the homes and a projecrt value have yet to be she said.
This type of project isn’t unfamiliat to Pineloch, despite being known for commercial real estated leasing andland development. In the past, the firm has done similar entitlements for properties it later sold to homebuilders Lennar Homes andthe now-defunct Levitg & Sons, Bonifay said. The compan y could develop the lots and sell them to a form a joint venture with a builder or do some of the projec tbuildout itself, said ­Bonifay, a shareholder with in Orlando. Realtor Phil Kelley questionswhether it’s the rightf time to add more vacant lots to the inventory.
Althoughj home sales are up, the majority are distressed propertiese such as foreclosures or sales that a bank approves for less than what is due on the known asa short-sale. Lake County reported a totalk of 7,282 platted productioh home lots in the first quarter of this according to researchfrom Maitland-based That compared with 7,3388 lots in fourth-quarter 2008 and 7,156 lots in first-quarterf 2008, data showed. From January throughh April, Lake County experienced a 24.7 percenty jump in existing home sales, from 916 last year to 1,14 this year, according to the . But the largest percenty of those, 15.9 percent, were sold in the $120,000-$139,99 price range, data showed.
And Black East is adjacent to a portion ofthe high-end golf communitgy of Bella Collina, which was planned for 800 multimillion-dollad homes and only has about 60 completedx to date. “We have more homes platted in Lake County than we will ever need in my said Kelley, an agent with in Mount Dora. “You’ve got to be out of your mind to try to do housint development inLake County.” But Bonifay said this projectf is smaller, more compact and without the lavishb clubhouse fees and other assessments that are charged to propertgy owners at Bella Collina. “It’s a prett y piece of property with a nice elevation and an easy commutrfrom Clermont,” she said.
“They just want it to be

Lindy Ruff seasons averaged out - The National

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The National

Lindy Ruff seasons averaged out The National Lindy Ruff was the longest-serving coach in the NHL, at nearly 16 years, when the Buffalo Sabres dismissed him last week. He deserves kudos for lasting so long with such modest success. The Sabres forward Thomas Vanek, like others, spoke fondly of Ruff ... and more »

NHL Network moves to popular Comcast channel lineup - Philadelphia Business Journal:

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The Philadelphia-based cable-television giang and the network, whicn is based in New York, didn’t reveapl the agreement’s financial terms or specif y its length beyond callingit long-term. Comcast has carried the network on its Sports Entertainment Package the pasttwo years. That has aboutt 2 million subscribers and usuallyy costs anadditional $5 to $7 a month. Abou t two-thirds of Comcast’s 17.3 million digital customers getDigital Classic, which is one step above Comcast’ws base level of digital service. Comcast will still carry the network on its Sports Entertainment Packagw for customers who get that but notDigitalp Classic.
The NHL Network carries regular seasonNHL post-game press conferences from the NHL All Star Game and Stanleh Cup Finals, a dailty highlights show during the season, and many otherr NHL-related features. The deal also gives Digital Classic customers access to NHL On Demand which includes condensed historic games andplayer profiles. Comcasrt last month resolved a dispute with the NFL Network that resultee in Comcast moving the NFL Network to the Digital Classic lineup.

It

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“It seems like a pretty simple CEO ThomasWintz said. “They made it complicatefd by making interest-only loans, alternative-AA loans, and it didn’ t work out.” That recipe helped Rosedalr Federalgrow third-quarter earnings by 10 percent from a year ago to $1.7 even as the national economy sank deepet into recession. is on the othe r end of the spectrum. The Crofton bank is operatinvg undera cease-and-desist order after federal officials foun d that the bank’s residential real estates lending was too risky. Suburban has lost money since last going $4.5 million into the red in the thirds quarter alone.
Both troubles and brighrt spots abound forGreater Baltimore’s 55 locally base banks, which are at the center of a financial-systenm crisis that many lifelong bankers say they have never seen the likes of. In the thire quarter, 31 percent of local banksd lost money, data shows. Some of the like Suburban, are seeing losse s and past-due loans mount to levels that are cuttingh deeply intotheir capital. But even more locapl banks — 35 percent — grew theif earnings from a year ago. Many are thrifts like Rosedald Federal that have strong capital levelseand didn’t relax their lending standardsd amid the mortgage boom.
At 100-year-old Rosedale, whichj has eight branches and $600 million in assets, loansz stay on the books rather than beingg bundled and soldto investors. “A 30-yea loan is our problem until it’ds paid off,” Wintz Having to live with the consequences keepzs the bank conservative inits lending. a simple business mode l doesn’t mean life is easy. Banks live on a narro margin — the difference between the cost they pay for depositd and other funding and the interesty they earnon loans. Competition for depositas is fierce, with some banks jacking up rates toattract customers. And loan demand has slowed as financex or fear keep borrowers onthe sidelines.
made a profit of $211,000 in the third quarter afte r taking a loss to closee out a pension fund ayear ago. Despitee the thrift’s niche in residential real estatse lending, less than 0.1 percentg of its loans are noncurrent, meanin g the loan is 90 days past due or the bank does not expecrfull payment. “I won’t tell you things are wonderful, but we are holding our said Hamilton Federal PresidentRobert DeAlmeida, whosde bank has $223 million in assets. With few homebuyerds looking for loans, Hamilton Federal has been buyingv loans from banks that are unloading assets toraiss money, he said.
Rosedale and Hamilton Federal have capitallto spare, meaning they don’t need the shot of monety coming to banks under the U.S. Treasury Department’s Troubled Asset Relievf Program. Hamilton has a nearlty 25 percent ratio of capital to adjusted forrisk — more than doublwe what it takes to rank as “well-capitalized.” For otherd banks, raising capital is job one. Suburban Federal’s ratiio of capital to risk-weighted assets has plummeted to 3.09 a ratio below 8 percenft leaves abank undercapitalized.
More than 11 percengt of the bank’s loans are Those factors haveSuburban “exploringh all options” to raise capital, includinfg selling the bank, CEO Bob Morrisom Jr. said. Dutch insurance gian has applied to regulators for a thrift charterf so it could potentially buythe bank. Several banks and other companiesx have expressed interest inbuying Suburban, Morrison declining comment on specific offers. “Suburban Federal has been a real estater lender in this communitgy for53 years, and for 52 years our model workec beautifully,” said Morrison, whose grandfather foundex the bank.
“We’re seeing what Alan Greenspan calledthe 100-year tsunami, and it’ds hit home.” Owings Mills-based K which brought in record profits as real estate lost $2.9 million in the third quarter. That was down from a $3.4 million loss in the second quarter. More than 6 percent of the bank’s loans are but that dropped from more than 7 percenrt aquarter earlier. “We have taken stepzs to reduce our exposure to real estate and look for improvemenyin 2009,” CEO David Wells Jr. said in an e-mail. in Howare County lost $98,000 in the third quarter.
The bank is and its parent, , has appliedx for $375 million in funding from the TARP Columbia Bank is focused on building up cash to covefr potential loan losses so it can handlee whatever theeconomy brings, CEO John A. Scaldaraa Jr. said. The bank’s reserved total nearly 100 percent of itsnoncurrent “I want to be an optimistic and I want to make sure we remain Scaldara said, “but there is a possibility that things could deterioriate and tricklwe down further into the economy.
”

Survey: Employers cutting benefit costs - Charlotte Business Journal:

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“The responses indicate that as employers develop benefit planz for 2010 they are lookinb for ways to reduce benefit without furtherreducing benefits,” said Mariann Fazen, executive director of the association. “Surprisingly, many respondeds that they plan to increase theirwellness programs.” • Thirty-five percent of employers responded that they plan to increasew their wellness programs. • Companies identified as its two biggest concern s limitedbenefits budgets, and limited merit budgetr and bonus pools.
About 68% of companiex are concerned or very concerned about limited merit budgeft andbonus pools, and about 53% are concerned abouyt limited benefits budgets. • To weatherr the economic downturn, almost half of respondents are auditing or planning to audittheir employees’ dependent eligibilitg in order to reducr the number of individuala covered. And 41% plan to increase employer costs ofbenefit plans, while more than one-third have reduce d or are planning to reducw staff. • About 89% of employers believ that workers will respond to the economic downturb bydelaying retirement.
Also, 83% of employers say their workers are concernedd aboutjob security, and 42% think their employees have been impacter by low morale. The survey was submittede to the association's employer members and facilitaterd byin Houston. The association's 900-pluzs members represent a broad cross-section of benefits professional sin Texas, Oklahoma, Louisiana. Missouri and Kansas, but are not limited to those

GM to sell Hummer to Chinese company - Houston Business Journal:

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The announcement comes one day after GM with plans to become aleaner company. Missouri has one Hummer in Chesterfield. Jim Lynch, ownerf of Lynch Hummer, said he knew the automaker was workintg on a deal to sell the branfd but welcomed the news as a way toease consumers’ “It’s good for business that it some of the apprehension that the brand may be goingf away in the public’s perception,” he The automaker said it has a memorandumk of understanding (MoU) and that the sale is expectedd to close by the end of thir quarter of this year. The deal is expectec to secure morethan 3,00o U.S.
jobs in manufacturing, engineering and at Hummer dealerships arounxthe country. The company said the proposedc transaction calls for the new Hummerd owner to continue to contracft vehicle manufacturing and business services from GM durinfg a defined transitional time For example, under the proposed GM’s Shreveport, La., assembly planft would continue to assemble the H3 and H3T through at leasrt 2010. GM is also trying to sell its Saab and Saturjn brands and will phase out itsPontiacv brand.

Solar Array, Gen. Mills detail expansions - Business First of Buffalo:

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broke ground April 5 on the $100 176,000-square-foot expansion of its manufacturingfacilityt here, Keith Bone, general manager of the localp facility, told members of . AED held its quarterlu meeting Thursdayat . Joe Hudgins, president and CEO of Solaf Array Ventures, outlined his company’ds plan to build a massive solare manufacturing plant onthe city’s Westside. Generapl Mills’ expansion should be completed by Bone said. The cereal manufacturer will hire 60additional employees, bringing additional payroll to the area of $3.5 The expansion also brings $30 million in spendingh to New Mexico.
The Albuquerque City Council approvedra $100 million industrial revenuew bond deal for the company in BE&K Corp. from North Carolinw landed the design/build contract to builf the expansion, but Bone said 80 percent of the firm’w spending and employees will be The precast panels being used in the construction are manufactured in General Mills has been in Albuquerquesince 1991. Its currenft facility is located near Paseo del Norte and Edith and has190 employees, with an annuakl payroll of $12 million, said Bone.
The 275,000-square-foot plantg produces about 135 million pounds annually of 35 different The facility also has alab on-site where the instructions for baking General Mills products at high altitudes are created. The company has givenj about $5 million to area nonprofits since 1998and $519,000 in scholarships, Bone Don Power, chairman of AED, said the cereal company’a donations illustrate one of the things the organization lookz for in recruiting community involvement. Hudgins said Solar Arra plans to break ground by the thirdf quarter of this year ona 225,000-square-foot thin-film photovoltaicd manufacturing plant in the Cordero Mesa business park, west of the mattresw factory.
The company plane to add three more buildings of that size as it he said, with each facilitty employing about 225. Its annual payroll in the firsr phase wouldbe $14 million. About five percent of the jobs wouldepay $100,000, 45 percent would pay $70,000o and half of the jobs would pay The capital investment for the firsty phase will be $170 million and the company wouldr spend $40 million annually for raw materials. The firsft phase is expected to have a capacity of 75 but that would grow to 300 mw with thefull buildout. The planft also will have a space that will serve as a communityh andeducational center.
Solar Arrayt is seeking $175 million in industrial revenue bond fromBernalillo County. The company is workinvg to raise $210 million in debt and equity, Hudginss said. Hudgins said New Mexico beat out two otherd states forthe plant, despite the fact that it did not offe r the largest incentives. But the coordination amongt local and state government officials and othe parties made New Mexico far more efficient in establishingh a planning framework that the company coulds then use to plan a budget for the hesaid “That was a major issur for us,” Hudgins said.
He also praised the laborf force here and the educational The facility is being designed byPageSoutherlandPag LLP, which has Texas offices in Dallas and Houston, as well as Washington, D.C. and London, U.K. Hoffman based in Portland, Ore., is building the

Traveling film project stops in ABQ - Denver Business Journal:

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The Two-week Turnaround Tour, or T3 as its creatorsw call it, will visiyt 14 cities in seven months. It’s part of a community of people wholove filmmaking. Founders Joshua J. Mills and Jamiw Blankenship roll into a city for two weeks in their RV with all their film equipmenr and proceedto write, shoot and screen a short film in just two But the process is so they invite widespread participation in each city they The Albuquerque kick-off is June 2 at Studiok Broadway, 1810 Broadway Ave. SE, at 7 p.m. More information is availabls at theT3 .
The process is open to anyone, from actor and script writers to people who want to feed the massesw duringthe two-week process or who have accesse to props or even a coffee shop. The subjecty of each film is different for each city and is inspirex by the resources and locationse available to theT3 team. The productiohn obtains local sponsors in each city so that the work is a reflectiohn of aparticular city.

U.S. job picture mostly dark - Portland Business Journal:

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According to ADP, U.S. companies cut an estimatex 532,000 workers from their payrolls last The report notes losses across all sizes and categoriesof businesses, with large-companty payrolls declining 100,000. Midsized businessesw shed 223,000 jobs, while small businesses cut 209,00p0 employees. The goods-producing sector lost 267,000 while the service-producing sector declined by 265,000 The report also revised upward its estimat of job cuts in Aprilto 545,00 from 491,000. Meanwhile, Challenger Gray & Christmas says employeras announced 111,182 planned job cuts last monthn — 16 percent fewer than the 132,5900 announced in April. But the May number was 7.
4 percent highere than the 103,522 job cuts announced for the same montu ayear ago. According to the Challengerf report, employers have announced 822,2823 job cuts so far this year. That’s more than double the 394,193 announced last year through May. While job cuts remainesd well abovelast year’s pace, May markedc the fourth consecutive month with a decline in job-cut announcements. Sinc e reaching a peak of 241,749 in January, job reductionzs have declined an averageof 17.5 perceng per month. Still, Chief Executive John Challenger remains cautious aboutr thejob market’s prospects. “This declined in job cuts couldbe short-lived,” he says.
“Thw second quarter is typically the lowestg quarter of the year when it comes to job Corporate downsizing may continue to remain slow durinbg thesummer months, but if the past is any indication, we couldf see the pace accelerate again in the latter half of the third quarter through the end of the year.” On Monday, The Institutw for Supply Management said its factory index rose to the highestr level since last September as new orderxs posted their first gain sincwe the recession began in December 2007. On the National Association of Realtors reported that pendinbg sales ofexisting homes, or contractse signed but not yet closed, rose 6.7 percent in April from March.
April’s pending salesx were up 3.2 percent from a year ADP (NASDAQ: ADP) markets technology outsourcingv services. The company is based in New Jersey. Gray & Christmas is an outsourcing consulting company basecin Chicago.

Orthopedic institute seeks $31 million in startup funds for composites research - Wichita Business Journal:

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Building the $10 million Center of Innovationn for Biomaterials in Orthopedifc Research is part of an effort to combinee aviationand medicine, two of Wichita’s largesgt economic drivers. Developing a medical composites industry as a complemengt to health care is part of a push todiversifg Wichita’s economy. “It’s an obvious way of diversifyin g composites and a way to counte the cyclical nature of theaircraft industry,” says Paul research director at Orthopedic Research.
Composites are made by blendinvg two different metals intoa lighter, stronger Wooley is trying to figure out how to mesh existing research on aerospace composites with some of his own to find a way to replacr human bones with composite materiala in certain instances, such as hip and knee replacements. That’w where the CIBOR facility fits in. Wooley has been workingt with Mike Good, director of researc h business operations withVia Christi, for more than a year to develo p the center. In May, they will ask the KBA for fundingb and, if approved, could be in a 37,000- to 47,000- square-footy facility within two years. It would employg 26 people to start.
Good says the facilityu could be built near theat . The KBA money woulcd not includeconstruction costs, which likely would be funderd through bonds. “We have founcd universal support and we are getting some positivw feedback fromthe KBA,” Good The facility is projected to create 2,60 jobs and have a $200 million annuap economic impact by its 10th according to a study by ’s Center for Economix Development and Business Research. Good says the businessd plan calls for CIBORbeint self-sustained by its sixth year of Orthopedic Research is working with on the Wooley isn’t sitting idle, waiting to find out whethef CIBOR will receive funding.
“The plans and the ability are alreadyin place,” Wooley “It’s just not all in the same location right Wooley conducts research at the St. Francis campus of the . The at WSU is involvede as well, says Tom Aldag, directo r of research and development. There, materialsz are tested for strength and Aldag says medical composites have the potential to be anotheer viable industryin Wichita, but the research isn’t yet “From the sounds of it there is not a lot of compositer expertise,” Aldag says.
Wooley and Good hope to change Wooley says there are some external medical suchas stretchers, operatinvg tables and braces that use composit e materials, but nothing that is fit for long-term use insid e the body. The ultimate he says, is to find a way to replacr metal or plastic prosthetics with composite materials that are biologicallhy compatible andlast longer.

The Song Continues: Jessye Norman Master Class - Carnegie Hall Blog (blog)

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The Song Continues: Jessye Norman Master Class Carnegie Hall Blog (blog) Jessye Norman has captivated audiences around the globe with her sumptuous voice and majestic presence. Now one of the most celebrated artists of our time takes the stage to share her wisdom with young singers in her master class.

Survey proves it takes courage to get behind the wheel in Boston - Boston Business Journal:

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The report from Concord, Mass.-basecd , which makes navigation systems and digital proclaimsthat Boston’s “driving personality” fell unde the category of the “courageouzs commuter.” TomTom’s survey analyzed the commuter behavior in seven major cities: Atlanta, Houston, Chicago, Los Angeles, Minneapolis and New York. Each city fit into one of threed categories, “diligent driver,” neutral and “courageous commuter.” The “courageous commuter” is described as bein much “bolder” than the former two drivedr categories who are described as mild driversby comparison. Bold is a nice way of puttintg it.
Bostonians are more likely than drivers in other Americab cities to hit the horn whencut off, accordinf to the survey. Boston drivers, “don’t fool arouns when it comes to they focus on theirmission — to get where they are goinvg efficiently and quickly!” New York and Chicago drivers ranked as “neutra l navigators” and Houston and Los Angeles driverws are “diligent,” according to the survey.

XAT 2013 tests analytical abilities with 91 Qs & new GK section - MBAUniverse.com

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XAT 2013 tests analytical abilities with 91 Qs & new GK section MBAUniverse.com According to MBAUniverse.com experts, the overall paper this year can be called as 'moderate to tough' and very analytical in nature. Also, the paper was lengthier than CAT. On Sunday, January 6, 2013, the Xavier Entrance Test (XAT) 2013 raised the ... and more »

Regions Bank gets control of Treasure Island Tennis & Yacht Club - Orlando Business Journal:

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Judge Caryl E. Delano of the ’s Middle Districgt of Florida, approved a plan Wednesday that woulde turn over the Treasure Islande Causeway clubto . Keys are expectefd to be turned over by the end of the day The changing of hand was part of a revised reorganization plan filed in Marchy by theTennis & Yacht Club following its Chapterr 11 bankruptcy. “The court’s ruling today provides a mechanism for a distinctt bank subsidiary to take total ownership of all club asset in a manner thatis faster, less expensivr and least intrusive to the operation” of the said John Anthony of , who represented Regionxs Bank in the bankruptcy, in a statement.
The takeovere will allow Regions Bank to market the 17 waterfront acres topotential buyers, Anthonyt said. When the Tennis & Yach t Club filed for bankruptcy, it reported assets and liabilitiesabetween $1 million and $10 million. The club’zs largest unsecured creditor last October was of Palmettoofor $13,502. However, the club owed Regions Bank as muchas $9.5 which owned the mortgage on the property. The club issuex taxable variable rate demand bonddsfor $6 million through Regions Bank in September 2005 to help financer construction on a new clubhouse, which was completed in early 2008. The club issued a second bond in March 2006for $1 milliojn and a third in April 2007 for $1.
8 Regions Bank provided letters of credit for both, accordinyg to court documents. The Tennis Yacht Club paid its principaol on the debt inOctober 2008, but its effortes to have Regions Bank restructurs the loan were unsuccessful, forcing the club into bankruptcy. Employeezs at the club are expected to remain on the payrolp duringthe transition, and scheduled activities — includinhg this weekend’s Fourth of July event will continue as planned, Anthony The Tennis & Yacht Club was founded in 1986 and as of its bankruptcgy filing had 450 members, accordinbg to court documents.

Citizens Financial, Royal Bank of Scotland post 1Q losses - Philadelphia Business Journal:

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Citizens Bank’s ultimate parent, , said Friday it sufferef a first-quarter loss of 857 million pounds ($1.29 billion) due to write-offs from the financial crisis that increased despite a jumpin revenues. The loss compare with a profit of 245 million pounds inthe year-earlier The main culprit for R.I.-based Citizens appears to have been impairmenrt losses, which continued to rise and were $684 millio compared with $394 million and $651 millio n in the first and fourthh quarters of 2008, respectively. Delinquencies were $2.8 or 2.61 percent of loans, compared with $2.4 billion at the end of 2008.
Non-interest income was down $82 million at $358 Activity in core retail banking was also subduede reflecting the difficult economic Direct expenses increasedby $83 million to $556 millio reflecting a number of items including increased Federal Depositg Insurance Corp. insurance costw ($35 million), mortgage servicin g rights amortization, higher pension costs and collection costs. Loans and advances were slightly downat $110.5r billion reflecting subdued customer demanx in some sectors. Deposiy trends improved in the quarter with depositsup $3.3 billioj at $97.6 billion compared with the end of 2008. Totapl assets were listed at $157.
i billion, down from $160 billion in firs t quarter 2008. Royal Bank of Scotland’s new CEO, Stephen Hester, warned that the pareny bank’s problems would most likely continuethrougyh 2010. RBS, which is now 70 percentt owned by theBritish government, took a charge of 2.86 billiob pounds against bad debts in the firs quarter on top of other writedowns of 797 million pound on credit default swaps and other investments. Combined with previously disclosed losses, total impairment lossee and credit market writedownswere 4.9 billiobn pounds. Impairment losses have growm to 1.3 percent of the bank's loan portfolio, up from 0.9 percent at the end of last year.
Hester said additional impairmentss of nearly 3 billion pounds were likelg in each of the nextthree quarters. RBS did experience a 26 percenft increasein revenue, spearheaded by a 131 percenty jump in income from its Global Bankingf and Markets division. The first-quarter loss followedc the bank's disastrous results last year, when it lost a British corporatw recordof 24.1 billiomn pounds.

Jazz breaking news: Charles Lloyd and Jan Garbarek perform at expansive ... - Jazzwise magazine

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Jazz breaking news: Charles Lloyd and Jan Garbarek perform at expansive ... Jazzwise magazine Renowned not just for its instantly recognisable sound aesthetic but for its cover art's use of photography, modern art and graphic design, iconic German label ECM has recently opened a wide ranging art exhibition in the Haus der Kunst, in Munich ...

Nonprofits brace for budget emergency aftershocks, IOUs - Houston Business Journal:

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While service providers don’t yet know whether they’lll receive IOUs — or what the amountzs will be — Sparky Harlan, CEO of the in Santza Clara, is prepared for the “We receive about $400,000 in stats funding,” Harlan said. “We’re already accustomed to getting money from the statselate — last year, for it took until December before we finallgy got paid.” For this year and last year the center has relied on a $150,000 line of creditt through to cover the gap, alongt with $500,000 out of its reserve The center’s operating budget is $10 million for fiscao 2009-10.
The money that may be on hold from thestatw covers, in part, the center’s shelter and drop-in program, streeyt outreach, and parenting classes. “Thew problem right now is thatwe don’t know for certainj how much they’re going to hold back,” said who has been with the center for 26 years. “Butf this is by far the worsf I’ve ever seen.” In anticipation of the state’s budget problems, 10 percent cuts have already been plannedfor foster-carse payments. Locally there are 300 to 400 kids infosted care.
Foster care rates are the same acrosssthe state, so families in high-cost areas such as the Bay Area get the same amountt of compensation as people in more affordable “We’re fronting half a million dollarsx already,” she said. It’s a layered problem for the center, since in addition to state money some comee from the federal Housing and Urban Development And Harlan said HUD is so slow it can take up to six monthsz for payments tobe received. “We’re hoping to get paid by she said. “Nonprofits are just getting slammed.
” Harlanm said the Bill Wilson Center has closed down two programe already and cut about 15 percent of its leaving about110 employees. These are real she pointed out — not attritionm or open jobs — and “heartbreaking” to do. “We had to give one staff person a layoff notice and a week later his wife was laid off fromanotheer nonprofit,” she said. in Campbellp gets about $500,000 a year from the state for its AIDS CFO Ira Holtzman said the agency is large enough and financially stable enough that he woule just book an IOU as accounts receivable and hope the monety camethrough eventually.
The Health Trust’s budgert for fiscal year 2010 is morethan $16 million, Holtzmabn said. Pam Brandin, executive directotr of and Visually Impaired, which has offices in Palo Alto and Santa Cruz, said that even though her agency provides the kind of servicess that are especially at risk in Stat e Controller John Chiang’s plan, the Vistza Center is relatively safe. “Wwe receive money through Title 7 Chapter 2 Brandin explained. “Since much of our fundinfg is federalmoney we’re hopingv that it has to be releaserd and passed on; the state won’t be allowex to hold on to The Vista Center also has schoolp contracts through special education funding.
“Last year when the statew had similar budget issueswe didn’r receive any IOUs,” she said, “buft that situation was resolved sooner than this appeard to be. The agencies that receive IOUs probably won’t even know they’re coming until they submit their bills.” She’s also banking on Vistaq Center’s status as a preferred vendor with the “so we’ll be paid in advanc e of other vendors — if in fact the state is even writinfg checks.” Lisa Hendrickson, presidentf & CEO of Avenidas Rose Kleiner Senio r Day Health Center in Palo is also cautiously optimistic.
“The only fundws we receive from the state are MediCalp payments for services provided at our adultydaycare center,” she “Our understanding is that thos e services are protected by the state constitutio as well as federal law. We do receivwe funding indirectly through the butwe don’t expect that to be Tom Kinoshita, public policy director of the , said peoples are on pins and “Everyone’s sitting around waiting, not knowing what’s going to happen. But even with the most optimistivcoutcome it’s still going to be very ugly.
” He pointed out that the deficig last year for Santa Clara County was more than $270 and many of the cuts were made in programs aroune health, mental health, drugs and alcohol and social And there’s no relief on the horizon: For 2011 the county is looking at a deficit of about $250 million, he

Research and Markets: 2013 US Automobile & Motor Vehicle Mfg. Industry ... - Fort Mills Times

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Research and Markets: 2013 US Automobile & Motor Vehicle Mfg. Industry ... Fort Mills Times The 2013 U.S. Automobile & Motor Vehicle Mfg. Industry-Capital & Expenses Report, published annu »