Sunday, December 30, 2012

Text: Obama's speech in Green Bay - Phoenix Business Journal:

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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."

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.

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.

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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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.

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.
Click to read the