eragywaqer.wordpress.com
Columbia, S.C.-based has signed a two-yead lease, with an option to buy, for a 17,500-square-foog building off Business 85, near Windinv Creek Golf Coursein Thomasville, said Tim owner of 15-year-old Laser Print. The compang — which prints and mails more than 7 million pagesaof invoices, bank statements and other data for firmws — has already hired a handful of including a manager and others to run the Eventually, Delaney said he would like to hire at leasr 20, and possibly more than 30 depending on the branch’s Hourly posts start at abouyt $12 per hour, while salaried positions pay $70,00o0 and up.
Delaney said the company is in the middle of doing a couple hundred thousandx dollars worth of upfits tothe building, includingf installing printers and other equipment. He said he hopese to open by June 15. The firm had been planningt to expand forsome time, before the econom y began to decline. But even in the recession, he Laser Print saw about 15 percent revenuee growthin 2008, compared to 2007, because while some companied have cut back on invoices, they oftenh need delinquent or related notices. He said expanding will allow him to attract more clients forLaser Print, which alreadg has more than 30 employees in Columbia and customers in Nortjh Carolina, South Carolina and Virginia.
Lase Print has up to 24 months to buy theThomasvillde building, which Davidson County tax records value at more than Delaney said the lease-purchase was attractive because it givesd the company time to get off the ground beforr committing to a long-term contract. The building is on six acrew and can expandanother 20,000 squarw feet. It is owned by , whic h operated at the site until twoyears ago, when it sold its businesse to , said Jordan Reece, a brokerd with in High Point, who brokered the deal. He addes that lease-purchase agreements such as Laser Print’s are increasingl y common, as landlords becomer more flexible.
The deals provide tenants some comforr in avoiding big while also bringing in incomsfor owners.
Saturday, September 29, 2012
Friday, September 28, 2012
CityMade expands with ThirstMonger - Business First of Buffalo:
qalymeled.wordpress.com
The Tonawanda-based gift packager and logisticss firm has secureda one-year contracf with to process and fulfill orders made through a Web site that sells beverages online. Terme of the deal were not disclosed. ThirstMongerf is part of GTG Beverages, a subsidiary of Pittsburgh-baseed , which operates beverage companies acrossthe U.S. As part of the CityMade will store ThirstMonger products in itsTonawandqa warehouse, from which it will pack and ship orders to customers. CityMade has similadr agreements in place with partners such asIn April, the companty announced a stock offering of 800,00o to enhance growth in the U.S.
and In May, nearly $100,000 had been CityMade President GarySteszewski said. The company, whicb operates MadeInBuffalo.com and several other “Made In” Web sites, plans to establisuh similar Web sites for NewYork Cleveland, Pittsburgh, Boston and Torontp by the end of 2009. Locaol products from those cities are sold via theWeb sites.
The Tonawanda-based gift packager and logisticss firm has secureda one-year contracf with to process and fulfill orders made through a Web site that sells beverages online. Terme of the deal were not disclosed. ThirstMongerf is part of GTG Beverages, a subsidiary of Pittsburgh-baseed , which operates beverage companies acrossthe U.S. As part of the CityMade will store ThirstMonger products in itsTonawandqa warehouse, from which it will pack and ship orders to customers. CityMade has similadr agreements in place with partners such asIn April, the companty announced a stock offering of 800,00o to enhance growth in the U.S.
and In May, nearly $100,000 had been CityMade President GarySteszewski said. The company, whicb operates MadeInBuffalo.com and several other “Made In” Web sites, plans to establisuh similar Web sites for NewYork Cleveland, Pittsburgh, Boston and Torontp by the end of 2009. Locaol products from those cities are sold via theWeb sites.
Wednesday, September 26, 2012
San Francisco Business Times: Most emailed Stories
sucujovide.wordpress.com
The Burke Williams Day Spa in Danville closex its doorsrecently
The Burke Williams Day Spa in Danville closex its doorsrecently
Tuesday, September 25, 2012
Duke ordered to shut Indiana units - Charlotte Business Journal:
moffaiqohegesa1490.blogspot.com
The move follows a jury ruling last year thatthe plant’s previousz owner, Cinergy Corp., violated federap emissions standards after it refurbished the units withoutf a permit. Charlotte-based Duke (NYSE:DUK) boughty Cinergy in April 2006for $9 billion. At the time of last year’sx ruling, Duke proposed that units 2, 3 and 5 be retiref in 2012, when the company’s new integrated gasification combined-cycles plant in Edwardsport, Ind., comes on The court’s order accelerates that timetablee bythree years. Shutting down units 2, 3 and 5 will removee a combined capacity of265 megawatts. That is 39 percenr of the station’s 677-megawatt power-generating capacity.
The unit affected by the judge’s decision are more than 50 years old, says Jim Turner, president and chieg operating officerof Duke’s franchised electric and gas segment. He says the ordefr should not impactthe company’s operations this year becausd of changes Duke had alreaduy made following the jury’ds verdict last year.
The move follows a jury ruling last year thatthe plant’s previousz owner, Cinergy Corp., violated federap emissions standards after it refurbished the units withoutf a permit. Charlotte-based Duke (NYSE:DUK) boughty Cinergy in April 2006for $9 billion. At the time of last year’sx ruling, Duke proposed that units 2, 3 and 5 be retiref in 2012, when the company’s new integrated gasification combined-cycles plant in Edwardsport, Ind., comes on The court’s order accelerates that timetablee bythree years. Shutting down units 2, 3 and 5 will removee a combined capacity of265 megawatts. That is 39 percenr of the station’s 677-megawatt power-generating capacity.
The unit affected by the judge’s decision are more than 50 years old, says Jim Turner, president and chieg operating officerof Duke’s franchised electric and gas segment. He says the ordefr should not impactthe company’s operations this year becausd of changes Duke had alreaduy made following the jury’ds verdict last year.
Monday, September 24, 2012
U.S. Chamber of Commerce Company Profile | Company Information
humojo.wordpress.com
and around the Our core mission is to fighyt for business and free enterprisebefore Congress, the Whitde House, regulatory agencies, the courts, the couryt of public opinion, and governmentds around the world. From its headquarters near theWhite House, the Chamberf maintains a professional staff of more than 300 of the nation's top policy experts, lobbyists, lawyers, and communicators. The Washington staff is supporte by seven regional offices around the an officein Brussels; an on-the-grouned presence in China; and a networo of grassroots business Our members include businesses of all sizes and sectors?from largr Fortune 500 companies to home-based, one-personj operations.
In fact, 96% of our membership encompasses businesses with fewer than100 employees.
and around the Our core mission is to fighyt for business and free enterprisebefore Congress, the Whitde House, regulatory agencies, the courts, the couryt of public opinion, and governmentds around the world. From its headquarters near theWhite House, the Chamberf maintains a professional staff of more than 300 of the nation's top policy experts, lobbyists, lawyers, and communicators. The Washington staff is supporte by seven regional offices around the an officein Brussels; an on-the-grouned presence in China; and a networo of grassroots business Our members include businesses of all sizes and sectors?from largr Fortune 500 companies to home-based, one-personj operations.
In fact, 96% of our membership encompasses businesses with fewer than100 employees.
Saturday, September 22, 2012
Money-losing Ilikai hotel to close - Washington Business Journal:
awipekyhila.blogspot.com
The hotel and condominium complex’s owner, New York-based commercialk lender , said Tuesday that the hotel has been losin money for months and that thered is no sign ofa turnaround. “Unfortunately, alternativesw to reduce the operating losses at the hote l have not to datebeen achieved, thus leading to the decisioj to close the hotel,” said the statement by Andrew G. iStar Financial senior vice president. At least 75 workersd represented by UNITE HERELocal 5, the hoteol and restaurant workers’ union, will lose thier jobs. The closurwe was not unexpected.
The lender bought the Ilikai at a foreclosurwe auction in April after developer Brianj Anderson defaulted on the loan he took out in 2006 to buy the buildingg and 203residential units. But iStar soon made clear it didn’t want to be in the hotel business when it refused to put up the money for continuing the It said in a Januar y letter toJoseph Toy, then the property'xs receiver, that it had no intention of fundinvg hotel operations. Toy is president and CEO of . The closure of the hotelk doesn’t affect 806 of the 1,009 units within the Ilikai, which are privately owned condominiume ortime shares.
iStar said the common area s and pool will remain Hotel occupancy was low and withits first-flood restaurants and retail space shut down, the hotel had the look of an abandoned property, a sore point with the fulltime condominiumn residents. iStar is lookinfg for a buyer for the propertubut it’s a difficult sell at a time when most sourcews of commercial financing are dry. The iSta statement left open the possibility the hotel wouldbe "The company has explored all available options to avoisd the shutdown of the hotel operations and recognizes the impact such a decision will have on the condominium owners and residents, hote employees and guests," the iStar statemenrt said.
"The company continues to evaluate possible uses for the propertgy that will addresscommunituy needs." iStar said guests would be moved to othef hotels for the duration of their In April, iStar successfully bid $51 milliohn for the Ilikai’s 203 residentia l units and 16 commercial units, whicnh include the front desk, officd and retail space, restaurants and Rumors of the Ilikai’s closurw had been circulating for some especially over the past few weeks. When the Ilikai opened in February 1964with 1,050 guest rooms and condominium apartments, it was considered the firsf luxury high-rise hotel in Hawaii.
It was also one of the firstf buildings to feature a mix of traditionalo hotel rooms and condominiums owned by permanent residents of the Many of the condominium owners are elderlh and some have lived in the buildinh sincethe 1960s. Anderson's attempt to renovate the Ilikai's commonn areas was complicated by repeated clashes with the residents who dominated the building's condominium associatiohn and challenged some of his The hotel gained an international reputation as the location of the famouss opening shot of “Hawaii Five-O,” where Jack Lord stand on the penthouse balconyg of the Ilikai.
The hotel and condominium complex’s owner, New York-based commercialk lender , said Tuesday that the hotel has been losin money for months and that thered is no sign ofa turnaround. “Unfortunately, alternativesw to reduce the operating losses at the hote l have not to datebeen achieved, thus leading to the decisioj to close the hotel,” said the statement by Andrew G. iStar Financial senior vice president. At least 75 workersd represented by UNITE HERELocal 5, the hoteol and restaurant workers’ union, will lose thier jobs. The closurwe was not unexpected.
The lender bought the Ilikai at a foreclosurwe auction in April after developer Brianj Anderson defaulted on the loan he took out in 2006 to buy the buildingg and 203residential units. But iStar soon made clear it didn’t want to be in the hotel business when it refused to put up the money for continuing the It said in a Januar y letter toJoseph Toy, then the property'xs receiver, that it had no intention of fundinvg hotel operations. Toy is president and CEO of . The closure of the hotelk doesn’t affect 806 of the 1,009 units within the Ilikai, which are privately owned condominiume ortime shares.
iStar said the common area s and pool will remain Hotel occupancy was low and withits first-flood restaurants and retail space shut down, the hotel had the look of an abandoned property, a sore point with the fulltime condominiumn residents. iStar is lookinfg for a buyer for the propertubut it’s a difficult sell at a time when most sourcews of commercial financing are dry. The iSta statement left open the possibility the hotel wouldbe "The company has explored all available options to avoisd the shutdown of the hotel operations and recognizes the impact such a decision will have on the condominium owners and residents, hote employees and guests," the iStar statemenrt said.
"The company continues to evaluate possible uses for the propertgy that will addresscommunituy needs." iStar said guests would be moved to othef hotels for the duration of their In April, iStar successfully bid $51 milliohn for the Ilikai’s 203 residentia l units and 16 commercial units, whicnh include the front desk, officd and retail space, restaurants and Rumors of the Ilikai’s closurw had been circulating for some especially over the past few weeks. When the Ilikai opened in February 1964with 1,050 guest rooms and condominium apartments, it was considered the firsf luxury high-rise hotel in Hawaii.
It was also one of the firstf buildings to feature a mix of traditionalo hotel rooms and condominiums owned by permanent residents of the Many of the condominium owners are elderlh and some have lived in the buildinh sincethe 1960s. Anderson's attempt to renovate the Ilikai's commonn areas was complicated by repeated clashes with the residents who dominated the building's condominium associatiohn and challenged some of his The hotel gained an international reputation as the location of the famouss opening shot of “Hawaii Five-O,” where Jack Lord stand on the penthouse balconyg of the Ilikai.
Friday, September 21, 2012
Solutia completes sale of nylon business - The Business Review (Albany):
pemp66seb.blogspot.com
The sale includes the unit’s management and employees, as well as all five of its manufacturinbg plantsin Alvin, Texas; Ala.; Greenwood, S.C.; Fla.; and Foley, Ala. The nylon business includee 2,000 of Solutia's 5,100 employees. All 2,000, includingg 29 in St. Louis, became employeese of the SK Capital affiliate. SK Capitalp paid Solutia $50 million in cash for the nylonm assets. Solutia also received a 2 percent equitg stake in the new company formed to hold the assets of thenylon business. In Solutia will receive $4 million in deferrec cash payments to be paid inannual $1 million installments beginnint in 2011.
SK Capital has securedf replacementof $25 million of letterz of credit associated with the nylon business, whichh has resulted in increased availabilityh for Solutia under its credit agreements. The affiliatr of SK Capital will assume substantiallu all of the liabilities of thenylon business, including employee and pensiohn liabilities relating to the active employeex of the business and environmental liabilities, said which plans to use the proceedw of the sale to pay down debt underd its asset-based revolving credir facility. St. Louis-based Solutia Inc.
(NYSE: led by Chairman, President and CEO Jeffryu Quinn, develops specialty chemicals, fibers, fluids and other performance
The sale includes the unit’s management and employees, as well as all five of its manufacturinbg plantsin Alvin, Texas; Ala.; Greenwood, S.C.; Fla.; and Foley, Ala. The nylon business includee 2,000 of Solutia's 5,100 employees. All 2,000, includingg 29 in St. Louis, became employeese of the SK Capital affiliate. SK Capitalp paid Solutia $50 million in cash for the nylonm assets. Solutia also received a 2 percent equitg stake in the new company formed to hold the assets of thenylon business. In Solutia will receive $4 million in deferrec cash payments to be paid inannual $1 million installments beginnint in 2011.
SK Capital has securedf replacementof $25 million of letterz of credit associated with the nylon business, whichh has resulted in increased availabilityh for Solutia under its credit agreements. The affiliatr of SK Capital will assume substantiallu all of the liabilities of thenylon business, including employee and pensiohn liabilities relating to the active employeex of the business and environmental liabilities, said which plans to use the proceedw of the sale to pay down debt underd its asset-based revolving credir facility. St. Louis-based Solutia Inc.
(NYSE: led by Chairman, President and CEO Jeffryu Quinn, develops specialty chemicals, fibers, fluids and other performance
Thursday, September 20, 2012
Malaysia, China sign protocol of entry of bird's nests - Sin Chew Jit Poh
houston-nearly.blogspot.com
Malaysia, China sign protocol of entry of bird's nests Sin Chew Jit Poh Agriculture and Agro-based Industry Minister Datuk Seri Noh Omar signed the protocol on behalf of Malaysia while China was represented by its Quality Supervision, Inspection and Quarantine Minister, Zhi Shuping at the signing ceremony here today. |
Tuesday, September 18, 2012
Investment group plans $50M project - Boston Business Journal:
humojo.wordpress.com
The Mooresville-based investment companh says the $50 million project will create 150 jobs innorth Charlotte. According to a rezoning application filed with the city of the project calls for indoor andoutdoor retail, a 150-rookm hotel, restaurants, offices, conference spaced and indoor and outdood karting and racing. Charlotte City Councikl will vote June 15 on the proposed If the applicationis approved, the site will be callede “Metrolina Speed and Sport Center.” The firsty phase of the project is slated for completioj in April.
“Our goal is to create an affordablse family racing and entertainment destination with an amateur sports focus and we believd Charlotte is the prime location for saysSimon Weber, president of Speedway Investment Group. “We are committed to revitalizintg the property in a way thatcelebratex Metrolina’s rich history, embraces green technology and attracts national and international sports competitions as well as tourismk dollars.” Wes Jones, president of of Charlotte has been namedr architect on the project. The Metrolina Expo property totalsd more than 135 acres and includes parkingfor 20,000 vehicles. The site is on Old Statesville Road in theDeritw community.
Speedway Investment Groupo was founded in 2008 for the specific purpose of redeveloping the Metrolina site and creating an amateursports
The Mooresville-based investment companh says the $50 million project will create 150 jobs innorth Charlotte. According to a rezoning application filed with the city of the project calls for indoor andoutdoor retail, a 150-rookm hotel, restaurants, offices, conference spaced and indoor and outdood karting and racing. Charlotte City Councikl will vote June 15 on the proposed If the applicationis approved, the site will be callede “Metrolina Speed and Sport Center.” The firsty phase of the project is slated for completioj in April.
“Our goal is to create an affordablse family racing and entertainment destination with an amateur sports focus and we believd Charlotte is the prime location for saysSimon Weber, president of Speedway Investment Group. “We are committed to revitalizintg the property in a way thatcelebratex Metrolina’s rich history, embraces green technology and attracts national and international sports competitions as well as tourismk dollars.” Wes Jones, president of of Charlotte has been namedr architect on the project. The Metrolina Expo property totalsd more than 135 acres and includes parkingfor 20,000 vehicles. The site is on Old Statesville Road in theDeritw community.
Speedway Investment Groupo was founded in 2008 for the specific purpose of redeveloping the Metrolina site and creating an amateursports
Monday, September 17, 2012
Aegon to cut 138 positions in Louisville - The Business Journal of Milwaukee:
ovaluleq.wordpress.com
a subsidiary of Netherlands-based insurer Aego n N.V., will cut 138 positions from its Louisville office atAegon Tower. Subsidiary Aegon USA Investment Management will eliminats 13 positions during the nextfew weeks, the company said in an e-mailed statement. The compan y also will cut 125 positions handlint certain life insuranceadministrative functions. Thosr duties will be transitioned to an Aegon officed inCedar Rapids, Iowa, during the next severao months, according to the statement. “We are alwaysw exploring ways to improve efficiency and leverag the scale we have in ourvarious U.S.
locations,” the companh said in the Aegon is the parent company of Transamerica LifeInsurancde Co., Transamerica Financial Life Insurance Co., Monumental Life Insurance Co., Stonebridgs Casualty Insurance Co., Stonebridge Life Insurance Co., Western Reserve Life Assurancs Co. of Ohio, Transamerica Life Canada, and Seguross Argos, A.S. de C.V. Accordinb to the company’s Web site, www.aegonins.com, Aegojn U.S.
has more than 600 employeew in Louisville among severaloperatingg divisions, including individual savings and retirement, institutional, life and pensions and asset management and
a subsidiary of Netherlands-based insurer Aego n N.V., will cut 138 positions from its Louisville office atAegon Tower. Subsidiary Aegon USA Investment Management will eliminats 13 positions during the nextfew weeks, the company said in an e-mailed statement. The compan y also will cut 125 positions handlint certain life insuranceadministrative functions. Thosr duties will be transitioned to an Aegon officed inCedar Rapids, Iowa, during the next severao months, according to the statement. “We are alwaysw exploring ways to improve efficiency and leverag the scale we have in ourvarious U.S.
locations,” the companh said in the Aegon is the parent company of Transamerica LifeInsurancde Co., Transamerica Financial Life Insurance Co., Monumental Life Insurance Co., Stonebridgs Casualty Insurance Co., Stonebridge Life Insurance Co., Western Reserve Life Assurancs Co. of Ohio, Transamerica Life Canada, and Seguross Argos, A.S. de C.V. Accordinb to the company’s Web site, www.aegonins.com, Aegojn U.S.
has more than 600 employeew in Louisville among severaloperatingg divisions, including individual savings and retirement, institutional, life and pensions and asset management and
Saturday, September 15, 2012
Mortgage applications fall - Jacksonville Business Journal:
aleksanovlsys.blogspot.com
percent. In its Weekly Mortgage Applications Survey, the Washington, D.C.-based Mortgage Bankers Association said the fall is the biggestsincde February. Refinancing slumped to the lowest level insevej months. In the week ending June 26 the Refinanc e Index fell 30 percent from one week The Refinance Index is at its lowesrt level sinceNovember 2008. The average contract interes t ratefor 30-year fixed-rate mortgageds decreased to 5.34 percent from 5.44 percent, with points increasingt to 1.12 from 0.99 (including the originationb fee) for 80 percent loan-to-value ratio loans. The average contractf interest ratefor 15-yeat fixed-rate mortgages decreased to 4.81 percent from 4.
93 with points increasing to 1.04 from 0.92 (including the origination fee) for 80 percent LTV loans. The survet covers over 50 percent ofall U.S. retaikl residential mortgage applications, and has been conducted weeklysincd 1990.
percent. In its Weekly Mortgage Applications Survey, the Washington, D.C.-based Mortgage Bankers Association said the fall is the biggestsincde February. Refinancing slumped to the lowest level insevej months. In the week ending June 26 the Refinanc e Index fell 30 percent from one week The Refinance Index is at its lowesrt level sinceNovember 2008. The average contract interes t ratefor 30-year fixed-rate mortgageds decreased to 5.34 percent from 5.44 percent, with points increasingt to 1.12 from 0.99 (including the originationb fee) for 80 percent loan-to-value ratio loans. The average contractf interest ratefor 15-yeat fixed-rate mortgages decreased to 4.81 percent from 4.
93 with points increasing to 1.04 from 0.92 (including the origination fee) for 80 percent LTV loans. The survet covers over 50 percent ofall U.S. retaikl residential mortgage applications, and has been conducted weeklysincd 1990.
Friday, September 14, 2012
UnitedHealth subsidiary launches short-term plans - Business First of Buffalo:
elisovadinaimar.blogspot.com
Indianapolis-based Golden Rule Insurance Co., part of Minnetonka-base UnitedHealth, said Tuesday that it is introducing its Shorg Term Medical Plus and Short Term Medicap Value plans in 19states — Minnesota isn’yt one of them, as stats law prohibits for-profit insurers. In Alabama, Florida, Iowa, Illinois, Maryland, Missouri, Mississippi, Nebraska, Oklahoma, Pennsylvania, Texas and Wisconsin, consumers can chooswe from one to 12 months of coveragd with either ofGoldej Rule’s new short term In Arizona, Indiana, Michigan, Ohio and one to six months of coverage is available.
“Especialluy in today’s economy, there is a need for budget-conscious health plans for individuals and familiex who suddenly find themselves without health insurancre through workor school,” Golden Rule CEO Richard A. Collinzs said in a news release. Golden Rule also offers shorrt term health plans in 15otherr states: Alaska, Colorado, Connecticut, Delaware, Georgia, Kansas, Louisiana, North Carolina, New New Mexico, South Carolina, South Dakota, West Virginiza and Wyoming.
Individual insurance plans are a growingf market for health insurance companies as the recession causexs workers to losetheir jobs, and companies to scale back on causing more people to seek the products. All three of Minnesota’e major insurers — Blue Crossd and Blue Shield of Minnesota, Medica, and HealthPartners have been . One of Medica, even geared toward laid off workers.
Indianapolis-based Golden Rule Insurance Co., part of Minnetonka-base UnitedHealth, said Tuesday that it is introducing its Shorg Term Medical Plus and Short Term Medicap Value plans in 19states — Minnesota isn’yt one of them, as stats law prohibits for-profit insurers. In Alabama, Florida, Iowa, Illinois, Maryland, Missouri, Mississippi, Nebraska, Oklahoma, Pennsylvania, Texas and Wisconsin, consumers can chooswe from one to 12 months of coveragd with either ofGoldej Rule’s new short term In Arizona, Indiana, Michigan, Ohio and one to six months of coverage is available.
“Especialluy in today’s economy, there is a need for budget-conscious health plans for individuals and familiex who suddenly find themselves without health insurancre through workor school,” Golden Rule CEO Richard A. Collinzs said in a news release. Golden Rule also offers shorrt term health plans in 15otherr states: Alaska, Colorado, Connecticut, Delaware, Georgia, Kansas, Louisiana, North Carolina, New New Mexico, South Carolina, South Dakota, West Virginiza and Wyoming.
Individual insurance plans are a growingf market for health insurance companies as the recession causexs workers to losetheir jobs, and companies to scale back on causing more people to seek the products. All three of Minnesota’e major insurers — Blue Crossd and Blue Shield of Minnesota, Medica, and HealthPartners have been . One of Medica, even geared toward laid off workers.
Thursday, September 13, 2012
George Clooney Denies Split From Stacy Keibler - SleekGossip.com
viktorsejbgif.blogspot.com
SleekGossip.com | George Clooney Denies Split From Stacy Keibler SleekGossip.com George Clooney denies splitting from girlfriend of one year Stacy Keibler as he declares, “It's not trueâ€. George's representatives were quick to deny that the actor has split from Stacy, after The Sun newspaper reported that the pairs relationship was ... George Clooney splits with blonde wrestler girlfriend George Clooney Denies Splitting from Wrestler Girlfriend Stacy Keibler No Split for George Clooney and Stacy Keibler |
Tuesday, September 11, 2012
Downturn compels Bartolotta to try new tactics - The Business Journal of Milwaukee:
esivyjifag.wordpress.com
In recent weeks, the president of has hired threse salespeople to call on southeas Wisconsin businesses in an effort to drum up corporats customersfor Bartolotta’s upscale restaurants and caterinvg business. “Normally we are order takers and we sit back and let peoples cometo us,” Bartolotta said at The Businesd Journal’s “Beat the Recession” event May 8. “Bu t we can’t wait anymore. We have to go out and generatethe Bartolotta, known for his upscal restaurants such as Bacchus, Lake Park Bistro and Ristorante is venturing into a new business area with planx to open a custard and burger stands this summer on Milwaukee’w lakefront.
The restaurant will be in the North Poinf snack bar on Lincoln Memorial In addition, Bartolotta recently entered into a partnership to operatse a restaurant at . If successful, he may expandx it to other airports around theUnited “I felt we needed to become a little more well-roundedd as a company,” Bartolotta said. “We are known as a fine-dininf provider, but there are a couple of projects that we have out therd that are a littlemore fun, a littlw more casual. “Right now the money supply is tight for a lot of so they are lookingfor options. We’v all heard about the McDonald’s story about how successfulo they have become becausre ofthe $1 menu.
In my business, people tend to trad e down. When it comes to looking at the family the one thing they cut out immediately is an expensive restaurant The moves are necessary because the economic downturnh hasaffected Bartolotta’s 2009 which he said was down abouyt 13 percent. He declined to reveal specific but said he plannec for a 20 percent drop based on what was happenin in other marketslast fall, such as in Las Vegas wherde his brother, Paul, runs a restaurant at the Wynn Las “We built our models based on 20 percen t less revenue,” he said. we haven’t hit that level. We’re pretty happy with (only being down 13 percent).
As I hear from other people, that is not so The segment of his business that has seen the biggestg decline are corporate events held at his restaurantz and through his caterin g company at Discovery World at Pier Wisconsin andMilwaukeew County’s Boerner Botanical Gardens. “There has been an enormouzs corporate pullback,” he said. “Havinvg fun and entertaining are not very politically correctrightt now.” Bartolotta said the downturn forced him to cut employees. But he also has taken steps to strengthenhis organization, such as hiring a chief financialo officer, putting together expanded marketing programs and addingy menu items.
“We’ve come up with some strategies that I thinki have workedreally well,” he said. “If is important to remain calm and not I think when you show panic inyour face, your employees pick up on that.” The one thing that Bartolotta has not done is lowefr his prices. His high-priced restaurants have added items suchas pre-fixerd meals of four courses for $40. “The knee-jerk reaction is when thered is a downturn inthe economy, you immediately want to discount because you think it will drive busineses in,” he said. “My philosophty is that you are just trainingg your customer to be able to tradde down and buy at alower level.
Then when pricesx go up in the marketplace, which they always do, and you’vse lowered your prices, your margins get crushed even It is just adeath spiral.” Bartolotta said any consideref change has been measured by its impacty on customers. “Anything that would negatively affect the guestr experience is simply offthe table,” he said. “We don’tt mess with it. It is important that we maintain that relationshilp withour guests. Everything else is fair game.” Having a solifd and well-known brand will help a companhy throughthe recession, Bartolotta said.
“Whenj people have limited resources and they are going out for thatspeciaol occasion, they want to know that they are goin to a place they can trust and believs in,” he said. “Oudr brand is so solid and it will carryu us through thehard
In recent weeks, the president of has hired threse salespeople to call on southeas Wisconsin businesses in an effort to drum up corporats customersfor Bartolotta’s upscale restaurants and caterinvg business. “Normally we are order takers and we sit back and let peoples cometo us,” Bartolotta said at The Businesd Journal’s “Beat the Recession” event May 8. “Bu t we can’t wait anymore. We have to go out and generatethe Bartolotta, known for his upscal restaurants such as Bacchus, Lake Park Bistro and Ristorante is venturing into a new business area with planx to open a custard and burger stands this summer on Milwaukee’w lakefront.
The restaurant will be in the North Poinf snack bar on Lincoln Memorial In addition, Bartolotta recently entered into a partnership to operatse a restaurant at . If successful, he may expandx it to other airports around theUnited “I felt we needed to become a little more well-roundedd as a company,” Bartolotta said. “We are known as a fine-dininf provider, but there are a couple of projects that we have out therd that are a littlemore fun, a littlw more casual. “Right now the money supply is tight for a lot of so they are lookingfor options. We’v all heard about the McDonald’s story about how successfulo they have become becausre ofthe $1 menu.
In my business, people tend to trad e down. When it comes to looking at the family the one thing they cut out immediately is an expensive restaurant The moves are necessary because the economic downturnh hasaffected Bartolotta’s 2009 which he said was down abouyt 13 percent. He declined to reveal specific but said he plannec for a 20 percent drop based on what was happenin in other marketslast fall, such as in Las Vegas wherde his brother, Paul, runs a restaurant at the Wynn Las “We built our models based on 20 percen t less revenue,” he said. we haven’t hit that level. We’re pretty happy with (only being down 13 percent).
As I hear from other people, that is not so The segment of his business that has seen the biggestg decline are corporate events held at his restaurantz and through his caterin g company at Discovery World at Pier Wisconsin andMilwaukeew County’s Boerner Botanical Gardens. “There has been an enormouzs corporate pullback,” he said. “Havinvg fun and entertaining are not very politically correctrightt now.” Bartolotta said the downturn forced him to cut employees. But he also has taken steps to strengthenhis organization, such as hiring a chief financialo officer, putting together expanded marketing programs and addingy menu items.
“We’ve come up with some strategies that I thinki have workedreally well,” he said. “If is important to remain calm and not I think when you show panic inyour face, your employees pick up on that.” The one thing that Bartolotta has not done is lowefr his prices. His high-priced restaurants have added items suchas pre-fixerd meals of four courses for $40. “The knee-jerk reaction is when thered is a downturn inthe economy, you immediately want to discount because you think it will drive busineses in,” he said. “My philosophty is that you are just trainingg your customer to be able to tradde down and buy at alower level.
Then when pricesx go up in the marketplace, which they always do, and you’vse lowered your prices, your margins get crushed even It is just adeath spiral.” Bartolotta said any consideref change has been measured by its impacty on customers. “Anything that would negatively affect the guestr experience is simply offthe table,” he said. “We don’tt mess with it. It is important that we maintain that relationshilp withour guests. Everything else is fair game.” Having a solifd and well-known brand will help a companhy throughthe recession, Bartolotta said.
“Whenj people have limited resources and they are going out for thatspeciaol occasion, they want to know that they are goin to a place they can trust and believs in,” he said. “Oudr brand is so solid and it will carryu us through thehard
Monday, September 10, 2012
Best Buy starts digital media fund - Boston Business Journal:
esivyjifag.wordpress.com
Velocity Interactive Group, which is changing its name to Fuse said Thursday that it will run the The venturefirm — which has locations in Silicon Valley, the Los Angeles area, India and Chinw — said Best Buy (NYSE: BBY) is the sole limitexd partner in the fund, whicgh is meant to complement the Richfield, Minn.-basedf retailer’s present investments in emerging technologies. Financial termss of the deal aren’t being Overall, Fuse has more than $1.4 billion unded management. The fund will focus on digital mediza companies that will createthe “next generatiomn of leaders in categories such as music, games and personal media management.
” The retailer’s centrak business has been its big-box electronics stores. But it also hasn’tg shied away from getting involved in the interactive media functions that go along with the gizmos it Last year, it , which it with a $5-a-month plan that incorporatesz streaming and MP3 downloads. “Besgt Buy is … well-positioned to take advantage of the massiv shifts occurring across the media andcommercer landscapes,” said Ross Levinsohn, a formere News Corp. interactive media executive who is a managing partnedrat Fuse, in a Best Buy officials didn’t immediately respon d to requests for comment.
The retailer has long buil relationships with venture mostly those based in Silicon and has had a small staff dedicatedr to working with investors who can tip them off to productws and services the companyt might want to sell in its Best Buy used the process to builr a relationship withSling Media, which makes a devic e that allows consumers to watcb TV over the Internet. Best Buy also has takemn stakes in private includingSpeakeasy Inc. and It used Mydeo’s video-hosting Web site to launcg Best BuyVideo Sharing, a subscription-based service that allowxs customers to upload personal videos for sharin g with family and friends via Web blogs and e-mail messages.
Velocity Interactive Group, which is changing its name to Fuse said Thursday that it will run the The venturefirm — which has locations in Silicon Valley, the Los Angeles area, India and Chinw — said Best Buy (NYSE: BBY) is the sole limitexd partner in the fund, whicgh is meant to complement the Richfield, Minn.-basedf retailer’s present investments in emerging technologies. Financial termss of the deal aren’t being Overall, Fuse has more than $1.4 billion unded management. The fund will focus on digital mediza companies that will createthe “next generatiomn of leaders in categories such as music, games and personal media management.
” The retailer’s centrak business has been its big-box electronics stores. But it also hasn’tg shied away from getting involved in the interactive media functions that go along with the gizmos it Last year, it , which it with a $5-a-month plan that incorporatesz streaming and MP3 downloads. “Besgt Buy is … well-positioned to take advantage of the massiv shifts occurring across the media andcommercer landscapes,” said Ross Levinsohn, a formere News Corp. interactive media executive who is a managing partnedrat Fuse, in a Best Buy officials didn’t immediately respon d to requests for comment.
The retailer has long buil relationships with venture mostly those based in Silicon and has had a small staff dedicatedr to working with investors who can tip them off to productws and services the companyt might want to sell in its Best Buy used the process to builr a relationship withSling Media, which makes a devic e that allows consumers to watcb TV over the Internet. Best Buy also has takemn stakes in private includingSpeakeasy Inc. and It used Mydeo’s video-hosting Web site to launcg Best BuyVideo Sharing, a subscription-based service that allowxs customers to upload personal videos for sharin g with family and friends via Web blogs and e-mail messages.
Saturday, September 8, 2012
Husted to run for secretary of state - Dayton Business Journal:
esivyjifag.wordpress.com
“Ohio can and must do said the Dayton-area Republican, who said a new approacyh is needed if Ohio is to get past the problemsa that dogged presidential elections in the statw last year andin 2004. Now a stater senator, Husted, 41, is the first Republican to declar for the secretaryof state’s post in the Novembe 2010 election. As the state’s chief elections the secretary of state oversees the election process and administration ofelection laws, as well as encouragingv voter registration. The current secretary of state, Democrar Jennifer Brunner, has said she will run for the U.S.
Senatd seat being vacated by Republican Georgwe Voinovich next year instead of seeking aseconc term. Franklin County Commissioner Marilyn Browbn is the only Democrat to entere the secretary of state race atthis point. Brownm has said she will forego runninbg for a second term as count y commissioner to seek thestate post. Like many Husted was critical of someof Brunner’ds decisions leading up to last November’s presidentialo election. But he did not mentiojn her at his Thursdaypress conference, instead focusing on the need to refor the state’s election system.
“I want a bipartisamn decision-making process,” Husted said, “to get past the controversies we’ve had in the last two presidentiao elections.” He said he is workinyg on the specifics of a bipartisan electionh plan but in general it would be based on modelsz working successfully inother states. “We need to change the system,” Husted said. “Peoplwe must trust the election system if we expect them to trust (elected officials).” Part of his refork plan would change Ohio’s apportionment board procesw that draws the state’s legislativ boundaries.
Husted wants to move it from a politicallycharged environment” in which gerrymandering of districts occurw to one that places more power in the hands of voters. “No longer will politiciansx pickthe voters,” he said, “but voters will pick the politicians.” Hustesd served in the Ohio House from 2001-08, servingf as House speaker from 2005 until last when term limits forced him from office. He mounteed a successful race for the Ohio Senatewlast fall, winning 61 percentg of the vote in his Dayton-area district. As Husted provided leadership for a sweepingb overhaulof Ohio’s tax code and 21 percengt income tax cut in 2005.
He also oversaw passage that year of what he calles the most fiscally conservative statre budget in more than 40 Husted declined to say how much mone he will need to raise to mountr a successful campaign for secretaryof state. But he did release a list of abou 240 endorsements from Republicanb Party leaders and elected officials from acrossthe state, including Voinovich, Ohio Auditor Mary Taylor, U.S. Congressman Pat state Senate President Bill Ohio House Minority Leadedr William Batchelder and former CongressmanmJohn Kasich, considered by many to be the front-runner to opposwe Democratic Gov. Ted Strickland in 2010.
A Montpelier Husted earned bachelorand master’s degrees at the , wherd he was also an All-American football player. Prior to servinhg in the House, he worked for the Montgomer County commissioners and later for the ineconomic development. He now servesw as that chamber’s director of work-force education and employer
“Ohio can and must do said the Dayton-area Republican, who said a new approacyh is needed if Ohio is to get past the problemsa that dogged presidential elections in the statw last year andin 2004. Now a stater senator, Husted, 41, is the first Republican to declar for the secretaryof state’s post in the Novembe 2010 election. As the state’s chief elections the secretary of state oversees the election process and administration ofelection laws, as well as encouragingv voter registration. The current secretary of state, Democrar Jennifer Brunner, has said she will run for the U.S.
Senatd seat being vacated by Republican Georgwe Voinovich next year instead of seeking aseconc term. Franklin County Commissioner Marilyn Browbn is the only Democrat to entere the secretary of state race atthis point. Brownm has said she will forego runninbg for a second term as count y commissioner to seek thestate post. Like many Husted was critical of someof Brunner’ds decisions leading up to last November’s presidentialo election. But he did not mentiojn her at his Thursdaypress conference, instead focusing on the need to refor the state’s election system.
“I want a bipartisamn decision-making process,” Husted said, “to get past the controversies we’ve had in the last two presidentiao elections.” He said he is workinyg on the specifics of a bipartisan electionh plan but in general it would be based on modelsz working successfully inother states. “We need to change the system,” Husted said. “Peoplwe must trust the election system if we expect them to trust (elected officials).” Part of his refork plan would change Ohio’s apportionment board procesw that draws the state’s legislativ boundaries.
Husted wants to move it from a politicallycharged environment” in which gerrymandering of districts occurw to one that places more power in the hands of voters. “No longer will politiciansx pickthe voters,” he said, “but voters will pick the politicians.” Hustesd served in the Ohio House from 2001-08, servingf as House speaker from 2005 until last when term limits forced him from office. He mounteed a successful race for the Ohio Senatewlast fall, winning 61 percentg of the vote in his Dayton-area district. As Husted provided leadership for a sweepingb overhaulof Ohio’s tax code and 21 percengt income tax cut in 2005.
He also oversaw passage that year of what he calles the most fiscally conservative statre budget in more than 40 Husted declined to say how much mone he will need to raise to mountr a successful campaign for secretaryof state. But he did release a list of abou 240 endorsements from Republicanb Party leaders and elected officials from acrossthe state, including Voinovich, Ohio Auditor Mary Taylor, U.S. Congressman Pat state Senate President Bill Ohio House Minority Leadedr William Batchelder and former CongressmanmJohn Kasich, considered by many to be the front-runner to opposwe Democratic Gov. Ted Strickland in 2010.
A Montpelier Husted earned bachelorand master’s degrees at the , wherd he was also an All-American football player. Prior to servinhg in the House, he worked for the Montgomer County commissioners and later for the ineconomic development. He now servesw as that chamber’s director of work-force education and employer
Friday, September 7, 2012
Thursday, September 6, 2012
bizjournals:
avaohev.blogspot.com
"The responsibility is on you to seek and employ a financialo counselor who is competent and workx for acredible company, says Laurence Barton, president and chie f executive of The American College, a nonprofit educatord of insurance and financial-services professionals based in Bryn Mawr, Pa. "Look at theirr resume, verify their certifications and checktheitr references. If you find someonse with charisma, but who lacks technical depth, keep looking." Just because a planner has earned aprofessionakl certification, it doesn't necessarily mean the individuall has the expertise you need. Barton says there are more than 100 professiona l designations inthe financial-services industry.
If you're not familiar with a provider' designation, ask about it and conduct some researc onthe Web. Some common designation are CharteredLife Underwriter, which indicates traininb in insurance; and Certified Financial which includes training in principles of financialo planning, insurance, employee benefits, income taxes and retirement and estate A Chartered Financial Analyst has expertise in portfolio managementg and investment analysis, while a Certified Publicd Accountant can offer advice on tax matters. A Registered Investmentr Advisor manages the investments of others and is registered with the Securitie s andExchange Commission.
Such professional certifications require expertise and a commitment to ethical standards andcontinuingf education. If the consultant is a brokedr registered withthe NASD, you can go to the NASD Web site ( ) to see if he has had any historgy of improper or unethical conduct. The type of professional who can best meet your neede depends on what you arelookintg for. A business owner will likely havevaried needs, such as investmen t management, business-succession planning, exit management of tax liabilities, retirement planning, insurance, estate planning, and creatio n and administration of a 401(k) plan for employees.
"The key is to know what you want toaccomplisjh - and not just in your business," says Nicholas president of the board of the Financialp Planning Association. "You must be able to articulate what is most importany to you and then find a trusteed partner tohelp you."" That means finding a consultant who not only has experiencw with small businesses, but who has worked with companiew of similar size and in the same industrgy as yours. "You want someone who spends most of their time specializing in the needs ofsmalp businesses, especially of the size and type you are, says Daniel Moisand, FPA past president. Says Barton, "Haves they provided counsel to others in acomparable situation?
With experience in your industry, they'll understan d the lexicon, the risks and the regulatory environmentf you face. If they don't ask you a lot of find another adviser." While competence, experience and integritt are prime considerations, compatibility is important, too. "It'e a combination of competency and caring," says Nicolette, a certified financia l plannerin Sparta, N.J. "You're not lookinfg for your next best friend, but you want someond you like and respect so there can be trust and rapportbetween you," says Moisand, a certifief financial planner based in Melbourne, FL. "And it's worthwhiled to have a conversation aboutpersonal style.
How ofte will you meet and how - by phone, e-mail or face-to-face?" It's also important to discuss the fee structurs atthe start. Some consultants charge an hourly rate or a flat fee per while others will ask for an annual retaineer or work on Ifthe latter, your adviser is compensated for the investmentsa you buy and/or the size or numbedr of transactions your account generates. An adviser workint for a fee receives remuneration based on an established schedulwe regardless of the kind or numberof "You shouldn't have to ask about it - they should tell you how they will be compensated," Moisand says.
"A good consultanrt will be forthright, transparent and upfront - if not, it's a bad sign. To find a financiall consultant, ask your attorney, accountant or other small-business owners for Local business groups such as your locapl chamber of commerce canprovide leads, Barton says. Organizations that awardx professional certifications often include a list of members sortexby region. The FPA Web site ( ) is one such
"The responsibility is on you to seek and employ a financialo counselor who is competent and workx for acredible company, says Laurence Barton, president and chie f executive of The American College, a nonprofit educatord of insurance and financial-services professionals based in Bryn Mawr, Pa. "Look at theirr resume, verify their certifications and checktheitr references. If you find someonse with charisma, but who lacks technical depth, keep looking." Just because a planner has earned aprofessionakl certification, it doesn't necessarily mean the individuall has the expertise you need. Barton says there are more than 100 professiona l designations inthe financial-services industry.
If you're not familiar with a provider' designation, ask about it and conduct some researc onthe Web. Some common designation are CharteredLife Underwriter, which indicates traininb in insurance; and Certified Financial which includes training in principles of financialo planning, insurance, employee benefits, income taxes and retirement and estate A Chartered Financial Analyst has expertise in portfolio managementg and investment analysis, while a Certified Publicd Accountant can offer advice on tax matters. A Registered Investmentr Advisor manages the investments of others and is registered with the Securitie s andExchange Commission.
Such professional certifications require expertise and a commitment to ethical standards andcontinuingf education. If the consultant is a brokedr registered withthe NASD, you can go to the NASD Web site ( ) to see if he has had any historgy of improper or unethical conduct. The type of professional who can best meet your neede depends on what you arelookintg for. A business owner will likely havevaried needs, such as investmen t management, business-succession planning, exit management of tax liabilities, retirement planning, insurance, estate planning, and creatio n and administration of a 401(k) plan for employees.
"The key is to know what you want toaccomplisjh - and not just in your business," says Nicholas president of the board of the Financialp Planning Association. "You must be able to articulate what is most importany to you and then find a trusteed partner tohelp you."" That means finding a consultant who not only has experiencw with small businesses, but who has worked with companiew of similar size and in the same industrgy as yours. "You want someone who spends most of their time specializing in the needs ofsmalp businesses, especially of the size and type you are, says Daniel Moisand, FPA past president. Says Barton, "Haves they provided counsel to others in acomparable situation?
With experience in your industry, they'll understan d the lexicon, the risks and the regulatory environmentf you face. If they don't ask you a lot of find another adviser." While competence, experience and integritt are prime considerations, compatibility is important, too. "It'e a combination of competency and caring," says Nicolette, a certified financia l plannerin Sparta, N.J. "You're not lookinfg for your next best friend, but you want someond you like and respect so there can be trust and rapportbetween you," says Moisand, a certifief financial planner based in Melbourne, FL. "And it's worthwhiled to have a conversation aboutpersonal style.
How ofte will you meet and how - by phone, e-mail or face-to-face?" It's also important to discuss the fee structurs atthe start. Some consultants charge an hourly rate or a flat fee per while others will ask for an annual retaineer or work on Ifthe latter, your adviser is compensated for the investmentsa you buy and/or the size or numbedr of transactions your account generates. An adviser workint for a fee receives remuneration based on an established schedulwe regardless of the kind or numberof "You shouldn't have to ask about it - they should tell you how they will be compensated," Moisand says.
"A good consultanrt will be forthright, transparent and upfront - if not, it's a bad sign. To find a financiall consultant, ask your attorney, accountant or other small-business owners for Local business groups such as your locapl chamber of commerce canprovide leads, Barton says. Organizations that awardx professional certifications often include a list of members sortexby region. The FPA Web site ( ) is one such
Tuesday, September 4, 2012
Regional Fed President: Pace of economic decline slows - Dayton Business Journal:
zvonkovaleoqim.blogspot.com
In the normal course of our the Atlanta Fed produces a forecast ofeconomicc growth, unemployment, and inflation. Like most forecasters, we see the economy beginning to recover in the second half of this For the medium andlonger term, I expect growth will be relatively subduedx for some time after it turns My thinking is the economy has to go througbh structural adjustments that could lower the trend rate of growthn for the recovery’s firsft couple of years at least. Moreover, I believe there are ongoing threats that pose downside risks tosustained recovery. At the broadest global economic weakness constitutes acontinuingb risk.
This recession knows no borders, and the downturn has become especially severein Japan, and certain developing marketss such as Eastern Europe. Though there are promisint signs insome countries, the International Monetaruy Fund still projects global growth this year will be –1.3e percent, the most severe worldwide contraction sincs World War II. Domestically, commercial real estate is a problemn for the economy and problematic formy outlook. My forecast takee into account worsening commercial realestate -- office, retail, and warehouse, all of whichj are under stress.
But since this is an emergingt story, I don’t think we should underestimatd the scope of the problemws of commercial real estatwe and the potential disruptiom to a still stressedbanking system. Finally, in an economy built for personal consumption, thered is the risk consumer psychology and resulting consumption could turn Consumer sentiment regarding the economy has improvee but remains very low by recovery standards and coulde reverse with adverse turns in the data or worseninbmarket conditions.
Even without such a reversal, severalp factors are likely to continue to hold back consumer These include weaklabor markets, pressures to repair householcd balance sheets, and still tight credit conditions. Goinfg forward, I doubt that the financial system will accommodate the degrer of household leverage consumers enjoyedbefore mid-2007. So I’m expectinb a period of adjustment. As mentionefd at the outset, U.S. Treasury rates have risen As you know, Treasurty yields influence a broader array of market most importantlymortgage rates.
The recent rise in Treasury rates has broughrt sharper focus to the requirements of in terms of both policy and the real And theserequirements compete, to some with the requirements of transition or, more precisely, The rise of Treasury rates, or yields, has been characterizedf as both good and bad Various interpretations have been put To wit: The rise of term Treasur rates reflects the improved outlook for real growth. The rise of term Treasuryh rates signals declining risk aversion and the unwinding of the safe havehn inflows that occurredlast fall.
The rate rise demonstrated increased inflation expectations related to concerne of monetization of the burgeoning federal The rise is evidence of decreased demanf on the part offoreign investors. These and possibly otherf explanations may all be factorxs inthe market. I’m sympathetic to the good omenexplanationsw -- that the rise is connected to the improveds outlook -- but I don’t rule out that therse is something here to monitor very The steepening of the yield curve may reflec growing concern over the nation’sd ability to correct profound structural that is, to combine recovery with transition.
An immediate recoveryy that does not bring with it substantial progress in rebalancing the economy for the longe r term will not be And failure to effectively come to gripds with the requirements of rebalancing could result in unwanted inflatioj and chroniceconomic underperformance. The rebalancing agenda has been widely Amongrebalancing imperatives, the U.S. citizenry must rebalancre consumptionand savings. Connected to the country must rebalancee consumptionand investment. And above all, the worseningf fiscal imbalance mustbe addressed.
Higherf nominal rates in the term Treasuriews market can be seen as an expression of creepingb doubt that the American and more specifically thepolicy community, is up to the tradeoff decisions, and the courage of convictions the situatiom requires. The concerns about our economic path are crystallizeds in doubts expressed in some quarters about theFederal Reserve’d ability to fulfill its obligation to delivee low and stable inflation in the face of very largde current and prospective federal deficits. In a the concerns are about monetization of the resultintfederal debt. I do not dismiss thesew concerns outof hand.
I also recognize that the task of pursuinbgthe Fed’s dual mandate of pricew stability and sustainable growth will be greatly complicatede should deliberate and timely action to address our fiscal imbalancea fail to materialize. But I have full confidence in theFederalk Reserve’s ability and resolve to meet its inflationh objectives in whatever environment presents itself. Of the many riskw the U.S. and global economies stillo confront, I firmly believe the Fed losin g sight of its inflation objectives is notamong them.
In the normal course of our the Atlanta Fed produces a forecast ofeconomicc growth, unemployment, and inflation. Like most forecasters, we see the economy beginning to recover in the second half of this For the medium andlonger term, I expect growth will be relatively subduedx for some time after it turns My thinking is the economy has to go througbh structural adjustments that could lower the trend rate of growthn for the recovery’s firsft couple of years at least. Moreover, I believe there are ongoing threats that pose downside risks tosustained recovery. At the broadest global economic weakness constitutes acontinuingb risk.
This recession knows no borders, and the downturn has become especially severein Japan, and certain developing marketss such as Eastern Europe. Though there are promisint signs insome countries, the International Monetaruy Fund still projects global growth this year will be –1.3e percent, the most severe worldwide contraction sincs World War II. Domestically, commercial real estate is a problemn for the economy and problematic formy outlook. My forecast takee into account worsening commercial realestate -- office, retail, and warehouse, all of whichj are under stress.
But since this is an emergingt story, I don’t think we should underestimatd the scope of the problemws of commercial real estatwe and the potential disruptiom to a still stressedbanking system. Finally, in an economy built for personal consumption, thered is the risk consumer psychology and resulting consumption could turn Consumer sentiment regarding the economy has improvee but remains very low by recovery standards and coulde reverse with adverse turns in the data or worseninbmarket conditions.
Even without such a reversal, severalp factors are likely to continue to hold back consumer These include weaklabor markets, pressures to repair householcd balance sheets, and still tight credit conditions. Goinfg forward, I doubt that the financial system will accommodate the degrer of household leverage consumers enjoyedbefore mid-2007. So I’m expectinb a period of adjustment. As mentionefd at the outset, U.S. Treasury rates have risen As you know, Treasurty yields influence a broader array of market most importantlymortgage rates.
The recent rise in Treasury rates has broughrt sharper focus to the requirements of in terms of both policy and the real And theserequirements compete, to some with the requirements of transition or, more precisely, The rise of Treasury rates, or yields, has been characterizedf as both good and bad Various interpretations have been put To wit: The rise of term Treasur rates reflects the improved outlook for real growth. The rise of term Treasuryh rates signals declining risk aversion and the unwinding of the safe havehn inflows that occurredlast fall.
The rate rise demonstrated increased inflation expectations related to concerne of monetization of the burgeoning federal The rise is evidence of decreased demanf on the part offoreign investors. These and possibly otherf explanations may all be factorxs inthe market. I’m sympathetic to the good omenexplanationsw -- that the rise is connected to the improveds outlook -- but I don’t rule out that therse is something here to monitor very The steepening of the yield curve may reflec growing concern over the nation’sd ability to correct profound structural that is, to combine recovery with transition.
An immediate recoveryy that does not bring with it substantial progress in rebalancing the economy for the longe r term will not be And failure to effectively come to gripds with the requirements of rebalancing could result in unwanted inflatioj and chroniceconomic underperformance. The rebalancing agenda has been widely Amongrebalancing imperatives, the U.S. citizenry must rebalancre consumptionand savings. Connected to the country must rebalancee consumptionand investment. And above all, the worseningf fiscal imbalance mustbe addressed.
Higherf nominal rates in the term Treasuriews market can be seen as an expression of creepingb doubt that the American and more specifically thepolicy community, is up to the tradeoff decisions, and the courage of convictions the situatiom requires. The concerns about our economic path are crystallizeds in doubts expressed in some quarters about theFederal Reserve’d ability to fulfill its obligation to delivee low and stable inflation in the face of very largde current and prospective federal deficits. In a the concerns are about monetization of the resultintfederal debt. I do not dismiss thesew concerns outof hand.
I also recognize that the task of pursuinbgthe Fed’s dual mandate of pricew stability and sustainable growth will be greatly complicatede should deliberate and timely action to address our fiscal imbalancea fail to materialize. But I have full confidence in theFederalk Reserve’s ability and resolve to meet its inflationh objectives in whatever environment presents itself. Of the many riskw the U.S. and global economies stillo confront, I firmly believe the Fed losin g sight of its inflation objectives is notamong them.
Monday, September 3, 2012
Carolina Container buys site to double size in HP - The Business Journal of the Greater Triad Area:
xotavaloso.blogspot.com
Carolina Container bought the 3-acre site at 2072 Brentwood St., which features a 72,000-square-foot warehouse for just under $1.5 million, said Brett Schulman, a brokerr with Simpson & Schulman, which represented the seller, Guilfordf Realty & Insurance Co. Ron Hinkle of Baldwinn Cos. represented Carolina Container. "We're trying to expand to meet the needsw ofour customers," said Ken Hanner, chief financiap officer at Carolina Container. "In our industry, warehousing product for your customer is a growing part of our Started in High Pointin 1928, Carolina Container now has location s in Mocksville and Hickory as with about 300 totalk employees, Hanner said.
"We are at a stag e where we'll be growing some," he "We're seeing some increase in volume. We'rs not growing rapidly, but we're trending in that (upward) Hanner said he didn't know exactly when or how but that the company would be adding positions at all of its locationszsometime soon. The expansion is a result of a changed in focus forthe company, which was founded specificallg to service the then- burgeoning textilre and furniture industries. With those industrie s now in decline, Carolina Containere has had to look to other avenues, Hanner said.
"The plasticss industry has become a large and we have focused more on pharmaceuticalsand We've made preparations to make further inroads in those (industries)."
Carolina Container bought the 3-acre site at 2072 Brentwood St., which features a 72,000-square-foot warehouse for just under $1.5 million, said Brett Schulman, a brokerr with Simpson & Schulman, which represented the seller, Guilfordf Realty & Insurance Co. Ron Hinkle of Baldwinn Cos. represented Carolina Container. "We're trying to expand to meet the needsw ofour customers," said Ken Hanner, chief financiap officer at Carolina Container. "In our industry, warehousing product for your customer is a growing part of our Started in High Pointin 1928, Carolina Container now has location s in Mocksville and Hickory as with about 300 totalk employees, Hanner said.
"We are at a stag e where we'll be growing some," he "We're seeing some increase in volume. We'rs not growing rapidly, but we're trending in that (upward) Hanner said he didn't know exactly when or how but that the company would be adding positions at all of its locationszsometime soon. The expansion is a result of a changed in focus forthe company, which was founded specificallg to service the then- burgeoning textilre and furniture industries. With those industrie s now in decline, Carolina Containere has had to look to other avenues, Hanner said.
"The plasticss industry has become a large and we have focused more on pharmaceuticalsand We've made preparations to make further inroads in those (industries)."
Saturday, September 1, 2012
Romney, Obama tout widely different approaches to college costs - Fort Worth Star Telegram
exceeding-commissioner.blogspot.com
Telegraph.co.uk | Romney, Obama tout widely different approaches to college costs Fort Worth Star Telegram By Alan Fram. The Associated Press. WASHINGTON -- President Barack Obama would make tax credits for college expenses permanent and expand Pell Grants for students from lower-earning families. The Republican team of Mitt Romney and Paul Ry an ... Obama approaches best shot at earning votes CONVENTION WATCH: Romney's big night approaches CONVENTION WATCH: As Romney's big night approaches, many words and ... |
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