grihanovveimavox.blogspot.com
, a company founded in 1995 to take advantagr of government subsidies that pay for the installation of broadband cable in rural said in a court filing last week that it wantsd to buy all ofHawaiian Telcom’s assets. The companh said it would retain all ofHawaiian Telcom’as 1,400 workers at their current wages, with the exceptiobn of senior management. Sandwich Isles said in the filinv that its offer woulrd consistof $250 million in cash plus $150 million in debt issuexd by Hawaiian Telcom. A deal with Sandwich Isles would need the approvalp ofthe court, the Public Utilities Commissiobn and the Federal Communication Commission.
Hawaiiamn Telcom said in a statement that it stands behind its proposed reorganization filedin June, to reduce the company’s debt by nearl y $790 million, from $1.1 billion to $300 Hawaiian Telcom filed a motion seekinhg an extension to file a Chaptee 11 plan and solicit votes. Judge Lloyd King extendee that period toJune 30. The compangy is seeking another extensionto Sept. 30. Sandwich Isles has filedf an objection to thelatest request.
“Ih the objection, Sandwich Isles make s numerous allegations about the progress Hawaiian Telcomn has made to date in these Hawaiian Telcom’s decision not to pursue a sale to Sandwich Islea and the viability of Hawaiian Telcom’s proposeed plan,” Hawaiian Telcom said in a “The company disputes these allegation s and intends to respondr to Sandwich Isles objection in the appropriatse forum.
” Sandwich Isles was founded by Al Hee, an entrepreneur who saw opportunityh in the generous subsidies offered by the federal governmenrt to wire rural and remote communities in the Working primarily in developments owned by the state Departmeny of Hawaiian Home Lands, Hee’s company has received more than $400 millionm in loans from the U.S. Department of Agriculture since 1998. The cost of wiring the rural developments has been calculated atabouy $13,000 per customer. Hawaiian Telco m filed for Chapter 11 bankruptchin December. Hawaiian Telcom is ownede by , a Washington, D.C.-based private equityu group. Carlyle bought the assets of Verizon Hawaii in May 2005for $1.
6 and began operating independently with its own systemzs in April 2006.
Friday, March 1, 2013
Sunday, February 24, 2013
Unions protest Target Center project - Minneapolis / St. Paul Business Journal:
efiosyt.blogspot.com
Roofers and Waterproofers Local 96 recently filed a Nationalk Labor Relations Board complaintagainst Fridley-based Stocik Roofing, a subsidiary of Ill-based Tecta America Corp. The uniobn is complaining that the contractor has been engaging in unsafe and unfai labor practices atthe $5.3 million approved by the Minneapolis City Council in December and scheduled for completion in July. “Wee understand that cities need tosave money,” said Locap 96 Business Manager Rob “But they also have a duty to protect worker s on publicly funded projects by ensuring contractors aren’t cuttinb corners.
” Stock Roofing's president and generakl manager couldn’t immediately be reachedx for comment. The union is complaining that work has taken place at nighy with insufficient lighting and impropefsafety harnessing. Mike Minneapolis' community planning and economic development said he first heard ofthe union'sa complaints on April 20. He said the federal Occupational Safety and Health Administrationhad investigated, and ther e had been no negative findings from the agency. Christensonj said the city is prompt about responding to complaintsw about itswork sites. "Wse will continue to field any and all complaintds and we will respond he said.
Roofers and Waterproofers Local 96 recently filed a Nationalk Labor Relations Board complaintagainst Fridley-based Stocik Roofing, a subsidiary of Ill-based Tecta America Corp. The uniobn is complaining that the contractor has been engaging in unsafe and unfai labor practices atthe $5.3 million approved by the Minneapolis City Council in December and scheduled for completion in July. “Wee understand that cities need tosave money,” said Locap 96 Business Manager Rob “But they also have a duty to protect worker s on publicly funded projects by ensuring contractors aren’t cuttinb corners.
” Stock Roofing's president and generakl manager couldn’t immediately be reachedx for comment. The union is complaining that work has taken place at nighy with insufficient lighting and impropefsafety harnessing. Mike Minneapolis' community planning and economic development said he first heard ofthe union'sa complaints on April 20. He said the federal Occupational Safety and Health Administrationhad investigated, and ther e had been no negative findings from the agency. Christensonj said the city is prompt about responding to complaintsw about itswork sites. "Wse will continue to field any and all complaintds and we will respond he said.
Tuesday, February 19, 2013
Blue Cross and Blue Shield of North Carolina CEO Greczyn says health-care reform will come slowly, if at all - San Antonio Business Journal:
younkinesagugad1746.blogspot.com
Greczyn, speaking during the Trianglse BusinessJournal ’s State of Chapel Hill even Friday morning, said he has been in talkes with the White House over variousw reform plans, and that while he supports national health-care reform, he does not see any significantt changes for five to 10 years. “We’lpl be having a lot of fun with this,” he said of health-carre reform discussions. BCBSNC drew national attentionh last month when published a story sayinb theChapel Hill-based insurer, which is the 10th largest in the was creating a online campaign to derail health-care The article led to Greczyn receivinfg phone calls from the White House, he said.
Greczyn said The Post had insufficienft information when it ranits story. The insurer has postedc those videos on aWeb www.nchealthreform.com, which the company says is intended to help educatw North Carolina residents about health Greczyn said he has concerns about the plans that are makingv their way through the nation’s capital, saying a plan sponsoredf by Sen. Edward Kennedy would cost $1.3 while a plan from Sen. Max Baucuz (D-Mont.) would cost $1.6 trillion. He also said neither plan mandated that business owners provide health insurance fortheire employees.
Greczyn said most uninsured workerw are employed by companies with 25 workers or fewer and that the Kennedu bill would leave 37 million ofthe nation’sd 47 million uninsured still without coverage. Differenr organizations weighing in onthe health-reforn plans have disputed those numbers.
Greczyn, speaking during the Trianglse BusinessJournal ’s State of Chapel Hill even Friday morning, said he has been in talkes with the White House over variousw reform plans, and that while he supports national health-care reform, he does not see any significantt changes for five to 10 years. “We’lpl be having a lot of fun with this,” he said of health-carre reform discussions. BCBSNC drew national attentionh last month when published a story sayinb theChapel Hill-based insurer, which is the 10th largest in the was creating a online campaign to derail health-care The article led to Greczyn receivinfg phone calls from the White House, he said.
Greczyn said The Post had insufficienft information when it ranits story. The insurer has postedc those videos on aWeb www.nchealthreform.com, which the company says is intended to help educatw North Carolina residents about health Greczyn said he has concerns about the plans that are makingv their way through the nation’s capital, saying a plan sponsoredf by Sen. Edward Kennedy would cost $1.3 while a plan from Sen. Max Baucuz (D-Mont.) would cost $1.6 trillion. He also said neither plan mandated that business owners provide health insurance fortheire employees.
Greczyn said most uninsured workerw are employed by companies with 25 workers or fewer and that the Kennedu bill would leave 37 million ofthe nation’sd 47 million uninsured still without coverage. Differenr organizations weighing in onthe health-reforn plans have disputed those numbers.
Friday, February 8, 2013
Famous Sister Acts - Huffington Post (blog)
disadvantage-unlimited.blogspot.com
Famous Sister Acts Huffington Post (blog) Whether on account of rivalry, inspiration, or extra hand-holding, sisters also have a way of motivating each other to achieve. No matter that some of those achievements are dubious. In the slideshow below of famous "sisters acts" of the English ... |
Sunday, February 3, 2013
Scandal-hit Barclays bank says finance director Chris Lucas stepping down - Fox News
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Middle East Online | Scandal-hit Barclays bank says finance director Chris Lucas stepping down Fox News LONDON â€" Britain's scandal-hit Barclays bank says finance director Chris Lucas is stepping down. The bank said Sunday that Lucas and general counsel Mark Harding will leave once successors have been found. Barclays said that given the men's seniority, ... After a Series of Missteps, Barclays Chief Gives Up His Bonus Barclays boss seeks to save bank's reputation after financial scandal with Qatar Chief of scandal-hit Barclays bank gives up last year's $5m bonus |
Tuesday, January 29, 2013
Destination Maternity coming to Sears, Kmart - Los Angeles Business from bizjournals:
moakhamet84.blogspot.com
Starting in October, Destination Maternithy (NASDAQ:DEST) will open 500 Two Hearts Maternity storea in Sears and another 100in Sears-owned Kmart In the previous partnership, from Aprilo 2004 to June Destination Maternity (then known as Mothersa Work Inc.) had aboug 480 maternity-wear departments in Sear s stores only. When Mothers Work announcedd the end of thatSearsa deal, it said simply that it was unabld to reach an agreement to extend its partnershi with the department store This time around, Destination Maternity said the product linezs will have “an enhanced levep of quality and design,” while still offering an array of productz under $30.
“This relationship allows us to bring our knowledge as the maternity apparek fashion experts to a broadercustomerr base, while providing us exclusive access to Sears shoppers and an opportunity to reach Kmart shopper for the first time,” said Ed Krell, CEO of Destinatioj Maternity. “Enhancing our maternity collectionz is a critical part of our overal l plan to appealto families,” said Craig a senior vice president of the Sears Apparek division. (NASDAQ:SHLD), which is baser in Hoffman Estates, has 3,900 stores, including Sears and Kmargt locations.
Philadelphia-based Destination Maternity has 1,08 7 retail locations, including 730 stores trading under the namesMotherhoocd Maternity, A Pea in the Pod and Destinationb Maternity.
Starting in October, Destination Maternithy (NASDAQ:DEST) will open 500 Two Hearts Maternity storea in Sears and another 100in Sears-owned Kmart In the previous partnership, from Aprilo 2004 to June Destination Maternity (then known as Mothersa Work Inc.) had aboug 480 maternity-wear departments in Sear s stores only. When Mothers Work announcedd the end of thatSearsa deal, it said simply that it was unabld to reach an agreement to extend its partnershi with the department store This time around, Destination Maternity said the product linezs will have “an enhanced levep of quality and design,” while still offering an array of productz under $30.
“This relationship allows us to bring our knowledge as the maternity apparek fashion experts to a broadercustomerr base, while providing us exclusive access to Sears shoppers and an opportunity to reach Kmart shopper for the first time,” said Ed Krell, CEO of Destinatioj Maternity. “Enhancing our maternity collectionz is a critical part of our overal l plan to appealto families,” said Craig a senior vice president of the Sears Apparek division. (NASDAQ:SHLD), which is baser in Hoffman Estates, has 3,900 stores, including Sears and Kmargt locations.
Philadelphia-based Destination Maternity has 1,08 7 retail locations, including 730 stores trading under the namesMotherhoocd Maternity, A Pea in the Pod and Destinationb Maternity.
Thursday, January 24, 2013
N.Y attorney general ends BofA probe - The Business Journal of the Greater Triad Area:
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Cuomo says the banks have and will continur to provide liquidity to Last October, agreed to buy back as much as $4.7 billiomn in auction-rate securities it sold to about 5,500o investors, small businesses and small charities before the market collapsed in February 2008. According to the Securities and Exchange the settlement also required BofAto “us its best efforts” to provide up to $5 billionb in liquidity to businesses and institutional investor with accounts valued at $15 million or and charities with accounts valued at $25 millionm or more.
The agreement resolved allegations that securities dealers made misrepresentationsd to customers during salesof auction-rate securitie s about their safety and liquidity. Auction-rate securities have interesy rates that are reseft at weekly or monthly auctions run byinvestmentf firms. The $330 billion market collapsed last year, when investorxs became alarmed at the prospects of the ability of corporatwe borrowers covering debt service on the Many were left with securities they could not sell intothe Charlotte-based BofA (NYSE:BAC) neither admitted nor denied The SEC also has finalized a settlement with BofA over the
Cuomo says the banks have and will continur to provide liquidity to Last October, agreed to buy back as much as $4.7 billiomn in auction-rate securities it sold to about 5,500o investors, small businesses and small charities before the market collapsed in February 2008. According to the Securities and Exchange the settlement also required BofAto “us its best efforts” to provide up to $5 billionb in liquidity to businesses and institutional investor with accounts valued at $15 million or and charities with accounts valued at $25 millionm or more.
The agreement resolved allegations that securities dealers made misrepresentationsd to customers during salesof auction-rate securitie s about their safety and liquidity. Auction-rate securities have interesy rates that are reseft at weekly or monthly auctions run byinvestmentf firms. The $330 billion market collapsed last year, when investorxs became alarmed at the prospects of the ability of corporatwe borrowers covering debt service on the Many were left with securities they could not sell intothe Charlotte-based BofA (NYSE:BAC) neither admitted nor denied The SEC also has finalized a settlement with BofA over the
Saturday, January 19, 2013
After Sandy Hook: How to Contemplate Politics Post-Tragedy - The Plank on TNR.com (blog)
lyubomiradete.blogspot.com
The Plank on TNR.com (blog) | After Sandy Hook: How to Contemplate Politics Post-Tragedy The Plank on TNR.com (blog) When I read the solution offered by Wayne LaPierre, the CEO of the National Rifle Association, to the ever-growing number of massacres at schoolsâ€"that we need “good guys†with guns to protect us from “bad guys†with gunsâ€"I initially t hought he was ... |
Friday, January 11, 2013
Zelienople, Butler Farm Show, Finleyville airports win state grants - Puget Sound Business Journal (Seattle):
ogarawo.wordpress.com
in Beaver County will receive $22,500 for a remote communicationz outlet that will let pilots communicate with Pittsburgn AirTraffic Control. The Butler Farm Show Aiport in Butler County willreceive $112,500 for construction of security perimeter fencing. And the in Washington County willreceive $127,500 to builr a hangar, modernize its administration building and upgraded the fule farm’s credit card system. The money comes from Pennsylvania’s tax on jet fuel and is administeredf bythe . The three Pittsburgh-ares grants are among 16 being madethroughout Pennsylvania.
In all, the statee is spending $3 million and leveraging $904,800 in local matching The otherprojects are: in Bucks County, whicu will receive $225,000 to assistt with the purchase of land beloww the approach to the airport; in Cambrias County, which will receive $30,00 to repair fuel facility equipment; in Centre which will receive $750,000 for a project to widehn and pave the runway; in Centre which will receive $123,750 to buy a jet refuelintg vehicle; in Cumberland County, whicg will receive $183,750 for a runway lighting system project; in Dauphi n County, which will receive $135,900 for an aircraft parking and taxiway project; in Lancaster County, whicy will receive $210,000 for an aircraft parking and taxiwag project; in Labanon which will receive $37,500 to buy snow removap and mowing equipment; in Lehigh County, whichy will receive $58,500 for pavement in McKean County, whichh will receive $112,500 to buy 20 acres of land for future development; in Montgomery County, whichh will receive $82,500 to continuew the removal of runway obstructionse and improve safety; in Northampton which will receive $127,500 for new runwayu lights and a new electrical vault, and in Wyomin County, which will receive $375,000 for airfiel d and terminal improvements.
“Airports are important assets that can attracg new business andcreate jobs,” Rendell said in a writteh statement announcing the grants. “Wew are making the smartr investments necessary to increase economic vitality and facilitate the morethan $12 billion in state revenud the aviation industry yields each year. By investing in our aviatio n assets we can help sustain our communitied and retain jobsacross Pennsylvania.
”
in Beaver County will receive $22,500 for a remote communicationz outlet that will let pilots communicate with Pittsburgn AirTraffic Control. The Butler Farm Show Aiport in Butler County willreceive $112,500 for construction of security perimeter fencing. And the in Washington County willreceive $127,500 to builr a hangar, modernize its administration building and upgraded the fule farm’s credit card system. The money comes from Pennsylvania’s tax on jet fuel and is administeredf bythe . The three Pittsburgh-ares grants are among 16 being madethroughout Pennsylvania.
In all, the statee is spending $3 million and leveraging $904,800 in local matching The otherprojects are: in Bucks County, whicu will receive $225,000 to assistt with the purchase of land beloww the approach to the airport; in Cambrias County, which will receive $30,00 to repair fuel facility equipment; in Centre which will receive $750,000 for a project to widehn and pave the runway; in Centre which will receive $123,750 to buy a jet refuelintg vehicle; in Cumberland County, whicg will receive $183,750 for a runway lighting system project; in Dauphi n County, which will receive $135,900 for an aircraft parking and taxiway project; in Lancaster County, whicy will receive $210,000 for an aircraft parking and taxiwag project; in Labanon which will receive $37,500 to buy snow removap and mowing equipment; in Lehigh County, whichy will receive $58,500 for pavement in McKean County, whichh will receive $112,500 to buy 20 acres of land for future development; in Montgomery County, whichh will receive $82,500 to continuew the removal of runway obstructionse and improve safety; in Northampton which will receive $127,500 for new runwayu lights and a new electrical vault, and in Wyomin County, which will receive $375,000 for airfiel d and terminal improvements.
“Airports are important assets that can attracg new business andcreate jobs,” Rendell said in a writteh statement announcing the grants. “Wew are making the smartr investments necessary to increase economic vitality and facilitate the morethan $12 billion in state revenud the aviation industry yields each year. By investing in our aviatio n assets we can help sustain our communitied and retain jobsacross Pennsylvania.
”
Thursday, January 10, 2013
Quick thinking makes new eatery a Humdinger, not a Bonehead - Memphis Business Journal:
ra-iwinyro.blogspot.com
The partners, who operate as LLC, openec on March 30 at 6300 Suite 101. Schlesinger, CEO of , and Smith, a initially planned to open up as a a fast-casual concept then owned by Atlanta-bases However, Raving Brands sold the concept, forcing Schlesingerf and Smith to change their plans. Whilw changing the concept quickly was a finding a new name wasespeciallyh difficult. Smith and Schlesingerd wanted to have a name that incorporatede both seafoodand chicken, the restaurant’zs main menu items, but found that to be difficult. They whittleed a list of 40 names by focusingy on something differentand catchy.
Humdingerz uses piri-piri chili peppers, grown in South Africa, in its sauces and seasonings. “Piri piri” is Swahilj for “pepper pepper.” “It reallgy sets us apart from othedr fish andchicken places,” Smith Smith and Schlesinger plan to open up three of the fish and seafoox restaurants in the Memphis metrl area. Laura Trezevant, president of , represented the tenant in the leasre negotiations whileJohn Walker, owner of LLC, and Dann y Buring, local partner at LLC, represented the Peabody ad campaign has ducks, big bucke What does the North American mallard and closew to half a billion bucks have in common?
They are both vitall components of Memphis-based ’s new ad campaig for the massive expansion of The Peabody The $450 million project is expected to lure more functions like conferences, corporate meetings and exhibitions to the The group also wantedr the campaign to expand The Peabody’s brand awareness, and the hotel chain’ws mallard symbol made things, well, ducky. “Whoo else can put a big picture of a duck in theid ad and talk about investing close to a half billiomn dollars on expanding at thesame time?” says Tim Fisher, seniore vice president and executive creative directofr for Fry Hammond Barr, the Fla. ad agency responsible for the campaign.
“That’s The nine-minute video shows new renderings of the completed photographs of the new king guest roomzs andtheir state-of-the-art bathrooms, whicyh feature mirrors with built-inn televisions. The video is available on youtube.com and at Upon completion, Peabody Orlando will be the 15thlargest non-gaming hotel in the U.S. It’s not quite UFC, and it isn’rt pay-per-view, but mixed martial arts is makingy its debut in the grand lobby of onJune 20. Locaol MMA promoter is hostinga 12-fighrt card of local talent that could someday make the “major leagues” of the Las Vegas-based Ultimate Fightingt Championship.
Cage Assault was founded by Nick who has worked with former UFC lightweight champiohn and native MemphianQuinton ‘Rampage’ Jackson for five years. His goal is for his compan y tobe “the Triple A of in the South. Harmeier held his first evenf on April 24 at Minglewood Hallin Midtown, but is lookiny for the larger profile of FedExForum for the next Harmeier says FedExForum and the , whicb were instrumental in the legalization of MMA events in Tennessee, have been extremely supportiver of the company so far. He’s anticipating 2,000 fans for the Harmeier says if the new evenrt isa success, he’r like to have events at FedExForum everg six weeks.
“(The April 24 event) was packed wall-to-wall and that was with Minglewoox being new and MMA being new tothe area,” Harmeier says. “We feel this next one will blow it out ofthe
The partners, who operate as LLC, openec on March 30 at 6300 Suite 101. Schlesinger, CEO of , and Smith, a initially planned to open up as a a fast-casual concept then owned by Atlanta-bases However, Raving Brands sold the concept, forcing Schlesingerf and Smith to change their plans. Whilw changing the concept quickly was a finding a new name wasespeciallyh difficult. Smith and Schlesingerd wanted to have a name that incorporatede both seafoodand chicken, the restaurant’zs main menu items, but found that to be difficult. They whittleed a list of 40 names by focusingy on something differentand catchy.
Humdingerz uses piri-piri chili peppers, grown in South Africa, in its sauces and seasonings. “Piri piri” is Swahilj for “pepper pepper.” “It reallgy sets us apart from othedr fish andchicken places,” Smith Smith and Schlesinger plan to open up three of the fish and seafoox restaurants in the Memphis metrl area. Laura Trezevant, president of , represented the tenant in the leasre negotiations whileJohn Walker, owner of LLC, and Dann y Buring, local partner at LLC, represented the Peabody ad campaign has ducks, big bucke What does the North American mallard and closew to half a billion bucks have in common?
They are both vitall components of Memphis-based ’s new ad campaig for the massive expansion of The Peabody The $450 million project is expected to lure more functions like conferences, corporate meetings and exhibitions to the The group also wantedr the campaign to expand The Peabody’s brand awareness, and the hotel chain’ws mallard symbol made things, well, ducky. “Whoo else can put a big picture of a duck in theid ad and talk about investing close to a half billiomn dollars on expanding at thesame time?” says Tim Fisher, seniore vice president and executive creative directofr for Fry Hammond Barr, the Fla. ad agency responsible for the campaign.
“That’s The nine-minute video shows new renderings of the completed photographs of the new king guest roomzs andtheir state-of-the-art bathrooms, whicyh feature mirrors with built-inn televisions. The video is available on youtube.com and at Upon completion, Peabody Orlando will be the 15thlargest non-gaming hotel in the U.S. It’s not quite UFC, and it isn’rt pay-per-view, but mixed martial arts is makingy its debut in the grand lobby of onJune 20. Locaol MMA promoter is hostinga 12-fighrt card of local talent that could someday make the “major leagues” of the Las Vegas-based Ultimate Fightingt Championship.
Cage Assault was founded by Nick who has worked with former UFC lightweight champiohn and native MemphianQuinton ‘Rampage’ Jackson for five years. His goal is for his compan y tobe “the Triple A of in the South. Harmeier held his first evenf on April 24 at Minglewood Hallin Midtown, but is lookiny for the larger profile of FedExForum for the next Harmeier says FedExForum and the , whicb were instrumental in the legalization of MMA events in Tennessee, have been extremely supportiver of the company so far. He’s anticipating 2,000 fans for the Harmeier says if the new evenrt isa success, he’r like to have events at FedExForum everg six weeks.
“(The April 24 event) was packed wall-to-wall and that was with Minglewoox being new and MMA being new tothe area,” Harmeier says. “We feel this next one will blow it out ofthe
Monday, January 7, 2013
NCSU Chancellor Oblinger resigns, Mary Easley out as well - The Business Journal of the Greater Triad Area:
ogarawo.wordpress.com
“I am doing so because that is what leaderd do when the institutions they lead come under distractinvg and unduepublic scrutiny,” Oblinger said in a prepares personal statement. “This is particularly true for leaders of publivc institutions likeNC “The only reason I am announcing my intention to resign is that I am applyinfg to myself the same standards I have : I am doinvg it because it is in the best interests of NC State A Board of Trustees meeting this afternoon also sealed the fate of former Gov. Michael Easley's wife. The trustees eliminatecd Easley's contract citing it was in the best interesyt ofthe university.
Also, during the afternoon, Oblingerr handed over his letterof resignation. who has been at NCSU for 23 says he intends to returnto teaching. UNC Charlottes Chancellor EmeritusJim Woodward, an aeronauticapl and mechanical engineer who taught at NCSU earlyg in his career, has agreed to servw as interim chancellor. Oblinger is the thirxd person to resign from the leadership of the university as a result of the Easley brouhaha. and Board Chairman McQueehn Campbell resigned last NCSUhired Easley, wife of Mike Easley, in 2005 for a $90,000-a-year job managing a speakers' series.
She was given a to $170,0000, last year to, in addition to overseeinh the speakers' series, manage creation of an academic cente for law enforcement and first Her contract calls for her to bepaid $850,000 over five Questions have been raisefd over whether Campbell, a friend and supported of former Gov. Easley, arranged the hiringf as a reward for receiving state The U.S. Attorney’s office has subpoenae documents relatedto Easley’s hirinb as part of its investigationn into the former governor.
“I am doing so because that is what leaderd do when the institutions they lead come under distractinvg and unduepublic scrutiny,” Oblinger said in a prepares personal statement. “This is particularly true for leaders of publivc institutions likeNC “The only reason I am announcing my intention to resign is that I am applyinfg to myself the same standards I have : I am doinvg it because it is in the best interests of NC State A Board of Trustees meeting this afternoon also sealed the fate of former Gov. Michael Easley's wife. The trustees eliminatecd Easley's contract citing it was in the best interesyt ofthe university.
Also, during the afternoon, Oblingerr handed over his letterof resignation. who has been at NCSU for 23 says he intends to returnto teaching. UNC Charlottes Chancellor EmeritusJim Woodward, an aeronauticapl and mechanical engineer who taught at NCSU earlyg in his career, has agreed to servw as interim chancellor. Oblinger is the thirxd person to resign from the leadership of the university as a result of the Easley brouhaha. and Board Chairman McQueehn Campbell resigned last NCSUhired Easley, wife of Mike Easley, in 2005 for a $90,000-a-year job managing a speakers' series.
She was given a to $170,0000, last year to, in addition to overseeinh the speakers' series, manage creation of an academic cente for law enforcement and first Her contract calls for her to bepaid $850,000 over five Questions have been raisefd over whether Campbell, a friend and supported of former Gov. Easley, arranged the hiringf as a reward for receiving state The U.S. Attorney’s office has subpoenae documents relatedto Easley’s hirinb as part of its investigationn into the former governor.
Friday, January 4, 2013
Pennsylvania has fewer millionaires in 2009 - Pittsburgh Business Times:
sucujovide.wordpress.com
In 2009, Pennsylvania has 211,162 households worth more than $1 representing 4.30 percent of all Keystone Statre households. That places it 24th for millionaire households in theUniteds States. In 2008, it ranked 21st with 233,3490 millionaire households, or 4.75 percent. It placed 23rd in with 252,326 millionaire households, or 5.13 percent. But that downwardx trend is occurring all over theUnited States. which has the highest percentage of millionaires inthe U.S. with 28,363, or 6.
41 percentf of its total households, saw a decline from last when ithad 32,103 millionaire Phoenix Marketing defines a millionaird household as one with $1 million or more in investablew or liquid assets (excluding sponsored retirement plans and real Mississippi has the fewest millionaire households as a percentaged of its total population, at 3.06 percent. The national state average is 4.46 percent and Phoenix reports therware 5.14 millionaire households in the U.S. “Thes market downturn has taken its toll on the ranks of millionaires inmost states.
Sincw June of 2007, we estimate that the numberd of millionaires nationally has declined by 14 saidDavid Thompson, managing director of the Phoenixz Affluent Market study, in a statement. .
In 2009, Pennsylvania has 211,162 households worth more than $1 representing 4.30 percent of all Keystone Statre households. That places it 24th for millionaire households in theUniteds States. In 2008, it ranked 21st with 233,3490 millionaire households, or 4.75 percent. It placed 23rd in with 252,326 millionaire households, or 5.13 percent. But that downwardx trend is occurring all over theUnited States. which has the highest percentage of millionaires inthe U.S. with 28,363, or 6.
41 percentf of its total households, saw a decline from last when ithad 32,103 millionaire Phoenix Marketing defines a millionaird household as one with $1 million or more in investablew or liquid assets (excluding sponsored retirement plans and real Mississippi has the fewest millionaire households as a percentaged of its total population, at 3.06 percent. The national state average is 4.46 percent and Phoenix reports therware 5.14 millionaire households in the U.S. “Thes market downturn has taken its toll on the ranks of millionaires inmost states.
Sincw June of 2007, we estimate that the numberd of millionaires nationally has declined by 14 saidDavid Thompson, managing director of the Phoenixz Affluent Market study, in a statement. .
Wednesday, January 2, 2013
A shift in Charlotte's center city - Minneapolis / St. Paul Business Journal:
sucujovide.wordpress.com
The great recession has shifted theuptowb group’s priorities, vaulting a precarious office-vacancyy rate to the top of the By the end of the organization best known for promoting big-ticketg projects will hire a businesas recruiter who will work with real estate brokersx and the . “It is going to be an individua who is dedicated and compensated base on their ability to recruit new capitao investment and new jobs and lease square footag in thecenter city,” says Michaekl Smith, Charlotte Center City Partners president and chief “We will have more resources dedicatesd in that direction.” The shift is drivem by the new economic realities.
Afterr two decades of relentless growtg powered by the banking empires atand , the Queebn City is grappling with a fast-growingv jobless rate and office vacancy in the central businesxs district that is expected to reachj 10%. Employment in center city and the adjacent South End district has shrunkoto 65,000 from 70,000 during the past year or so, Smithu estimates. Looking ahead, it’s unlikely the craterinfg financial sector will drivethe region’s economy as it has in recent years.
Those changeds affect everything from the pace of residentiap growth to prospective expansions in transit and Smith and his organization are focusing on lurinfg more jobs and businesses while also adjusting to the neweconomi reality. Its initiatives encompass: •The recenyt unveiling of a campaign called Urban Livin g that touts the benefits ofresidentiap growth. From courting real estate brokerzs and the news media to walkiny toursand advertising, the efforf will include two annuall showcases and make a push to attract residentds to the center city. •Launchint the next phase of FindYour Center, designed to support uptown shopping, restaurants, bars and other attractions.
Smith, in talksz with chamber executives, has created the recruiting positionh and plans an aggressive effort to fill new and existinfgoffice towers. Those includer the soon-to-open $90 million, 20-story NASCAR Plaza as well as new towers to be anchored by and Business recruiting in Charlotte has traditionallyy been the domain ofthe chamber. It has a five-member economic-developmenyt staff that is augmented by other chamber executiveswand employees. The , the city of Charlott e and Mecklenburg County alsohave economic-development initiatives and personne l in place to share in recruiting and incentiv e work. But Smith’s new hire will focus solelyh on uptown.
Any concerns about duplication of effortf are outweighed by the need for a stronger push to land elusivscorporate recruits, says Bob Morgan, Charlottse Chamber president. “Is there the potentiak for us to step oneach other’s toes? Of course. But we can mitigatw that and produce better results working togethert and havingadditional resources.” Morgan sees the centert city group’s economic-development foray as part of a largere trend.
In recent years, Lake Normah and Matthews havestarted hyper-local business-recruiting groups while maintaining ties with the Already, Morgan and othere chamber executives have outlined an informal plan with Smitn on their collaboration, with the chambedr maintaining the lead role but calling on the center city recruitet for assistance. It’s similar to how the chamberr works with private developers in the The reasons for the expanded recruiting focuware obvious.
Morgan notes he delivered a speech on Charlotte’s next two decade of growth to more than 150 groupxs over a three-year period before the economic malaise set in last “Now,” he says, “nobody wants to hear that speech. They want to know what we can do abourt the economy todayand tomorrow.” It’s a fine line to walk for groups such as Charlotte Center City Partners is laying the groundwork for an expansive 10-yeafr plan this year even as it focusez on the rapidly shiftingb business climate (see related story on this Pushing ahead on corporate relocations shoul be made easier by the crossoverr of the main recruiters in supporters say.
“You don’t want peopler stumbling over each saysDarrel Williams, a former county commissioner who serves on the Charlotte Center City Partners He points to fellow board members — including chamber executive Morgan and both the city and county managers as insurance against bureaucratic snags. Without those close ties, he adds, it wouldf be much more difficultto do. Leaderss point to uptown’s growing office-vacancy rate as a negative that can beturned Or, at least, one they hope can be turned around.
“The tighter market (for office space) has been one of our impedimentds to attracting headquarters in the cente city inrecent years,” says City Manager Curt “If somebody wanted 300,000 squarw feet, we couldn’t give it to them. Now we can. That’sz the silver lining to the
The great recession has shifted theuptowb group’s priorities, vaulting a precarious office-vacancyy rate to the top of the By the end of the organization best known for promoting big-ticketg projects will hire a businesas recruiter who will work with real estate brokersx and the . “It is going to be an individua who is dedicated and compensated base on their ability to recruit new capitao investment and new jobs and lease square footag in thecenter city,” says Michaekl Smith, Charlotte Center City Partners president and chief “We will have more resources dedicatesd in that direction.” The shift is drivem by the new economic realities.
Afterr two decades of relentless growtg powered by the banking empires atand , the Queebn City is grappling with a fast-growingv jobless rate and office vacancy in the central businesxs district that is expected to reachj 10%. Employment in center city and the adjacent South End district has shrunkoto 65,000 from 70,000 during the past year or so, Smithu estimates. Looking ahead, it’s unlikely the craterinfg financial sector will drivethe region’s economy as it has in recent years.
Those changeds affect everything from the pace of residentiap growth to prospective expansions in transit and Smith and his organization are focusing on lurinfg more jobs and businesses while also adjusting to the neweconomi reality. Its initiatives encompass: •The recenyt unveiling of a campaign called Urban Livin g that touts the benefits ofresidentiap growth. From courting real estate brokerzs and the news media to walkiny toursand advertising, the efforf will include two annuall showcases and make a push to attract residentds to the center city. •Launchint the next phase of FindYour Center, designed to support uptown shopping, restaurants, bars and other attractions.
Smith, in talksz with chamber executives, has created the recruiting positionh and plans an aggressive effort to fill new and existinfgoffice towers. Those includer the soon-to-open $90 million, 20-story NASCAR Plaza as well as new towers to be anchored by and Business recruiting in Charlotte has traditionallyy been the domain ofthe chamber. It has a five-member economic-developmenyt staff that is augmented by other chamber executiveswand employees. The , the city of Charlott e and Mecklenburg County alsohave economic-development initiatives and personne l in place to share in recruiting and incentiv e work. But Smith’s new hire will focus solelyh on uptown.
Any concerns about duplication of effortf are outweighed by the need for a stronger push to land elusivscorporate recruits, says Bob Morgan, Charlottse Chamber president. “Is there the potentiak for us to step oneach other’s toes? Of course. But we can mitigatw that and produce better results working togethert and havingadditional resources.” Morgan sees the centert city group’s economic-development foray as part of a largere trend.
In recent years, Lake Normah and Matthews havestarted hyper-local business-recruiting groups while maintaining ties with the Already, Morgan and othere chamber executives have outlined an informal plan with Smitn on their collaboration, with the chambedr maintaining the lead role but calling on the center city recruitet for assistance. It’s similar to how the chamberr works with private developers in the The reasons for the expanded recruiting focuware obvious.
Morgan notes he delivered a speech on Charlotte’s next two decade of growth to more than 150 groupxs over a three-year period before the economic malaise set in last “Now,” he says, “nobody wants to hear that speech. They want to know what we can do abourt the economy todayand tomorrow.” It’s a fine line to walk for groups such as Charlotte Center City Partners is laying the groundwork for an expansive 10-yeafr plan this year even as it focusez on the rapidly shiftingb business climate (see related story on this Pushing ahead on corporate relocations shoul be made easier by the crossoverr of the main recruiters in supporters say.
“You don’t want peopler stumbling over each saysDarrel Williams, a former county commissioner who serves on the Charlotte Center City Partners He points to fellow board members — including chamber executive Morgan and both the city and county managers as insurance against bureaucratic snags. Without those close ties, he adds, it wouldf be much more difficultto do. Leaderss point to uptown’s growing office-vacancy rate as a negative that can beturned Or, at least, one they hope can be turned around.
“The tighter market (for office space) has been one of our impedimentds to attracting headquarters in the cente city inrecent years,” says City Manager Curt “If somebody wanted 300,000 squarw feet, we couldn’t give it to them. Now we can. That’sz the silver lining to the
Tuesday, January 1, 2013
Golden Gaming will withdraw bid for Wyandotte County casino - Kansas City Business Journal:
houston-nearly.blogspot.com
The Las Vegas-based company’s general counse l informed the Kansas Lottery by phone Thursday that Golde n Gaming would withdrawits $660 milliohn bid, Keith Kocher, the Kansas Lottery’s director of gamingv facilities, said Friday. In a Thursday release, Golden Gaming said it expectee to withdrawits bid. “Given the ongoinbg turmoil in thefinancial markets, we feel it is prudent to preservwe liquidity for other opportunities that may arise in the future,” Goldenb Gaming Executive Vice President Rod Atamiamn said in the release.
“While we believre in the long-term viability and appeal of our site and we are not confident in makinv such a commitment on our own in thecurrenyt environment.” Golden Gaming submitted the third proposak for a Wyandotte County casino . The companyg had proposed a $687 million projecty in a previous rouncof bidding, which it lost to a projectt proposed by a joint venture of Kansas Speedwaty and However, the winners withdrew theitr plan, citing economic conditions, so the Kansas Lottery reopeneds bidding. Kansas Speedway and Cordish resubmitted aroughlty $700 million bid March 30, and Penn Nationapl Gaming Inc. submitted a $500 millionm bid April 1.
The Lottery has until June 30 to revieqw the applications andnegotiate contracts, whicn then will be forwarded to a . The boars will have 60 days to pick one proposalk and send it to thefor approval.
The Las Vegas-based company’s general counse l informed the Kansas Lottery by phone Thursday that Golde n Gaming would withdrawits $660 milliohn bid, Keith Kocher, the Kansas Lottery’s director of gamingv facilities, said Friday. In a Thursday release, Golden Gaming said it expectee to withdrawits bid. “Given the ongoinbg turmoil in thefinancial markets, we feel it is prudent to preservwe liquidity for other opportunities that may arise in the future,” Goldenb Gaming Executive Vice President Rod Atamiamn said in the release.
“While we believre in the long-term viability and appeal of our site and we are not confident in makinv such a commitment on our own in thecurrenyt environment.” Golden Gaming submitted the third proposak for a Wyandotte County casino . The companyg had proposed a $687 million projecty in a previous rouncof bidding, which it lost to a projectt proposed by a joint venture of Kansas Speedwaty and However, the winners withdrew theitr plan, citing economic conditions, so the Kansas Lottery reopeneds bidding. Kansas Speedway and Cordish resubmitted aroughlty $700 million bid March 30, and Penn Nationapl Gaming Inc. submitted a $500 millionm bid April 1.
The Lottery has until June 30 to revieqw the applications andnegotiate contracts, whicn then will be forwarded to a . The boars will have 60 days to pick one proposalk and send it to thefor approval.
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