Sunday, May 29, 2011
Young Brothers squares off against yet another competitor - Pacific Business News (Honolulu):
Both Young Brothers and Pasha Hawaii Transport Lines have enlisteds the help of powerful state lawmakers to beef up their respectivw filings with the PublicUtilities Commission. At leasf two of those lawmakers are working both sides of the House Speaker Calvin Say and Speake EmeritusJoe Souki, both Democrats, wrote letters to Pashz in January welcoming the company’s application to ship cargk interisland. The letters, dated Jan. 28 and Jan.
30 (Say), are part of Pasha’s Marc h 13 filing with the PublicfUtilities Commission, and use very similar But something happened after those letters were In a letter signed by both men on Aprikl 24 to PUC Chairman Carlito Caliboso, Say and Souki make no mentiomn of competition or benefits. They do ask that the PUC considedr including YoungBrothers (“the State’s primary interisland/intrastate cargio shipper”) as a party to the Pashw proceeding.
And they endorsde “a full and fair hearing” to help the PUC make a decisionb “which is in the best public A check with the state Campaign Spending Commission showsthat Souki, currentlhy chairman of the Housre Transportation Committee, has received more than $5,000 in totak contributions over the past decad e from Young Brothers, sister company Hawaiia n Tug & Barge, and Matson Navigation Co. The most recentt payment — $1,000 from Young Brotherd — was March 24, 2008.
Friday, May 27, 2011
Paul Ryan: A Stiff Upper Lip to Destroy Medicare - Firedoglake
Sydney Morning Herald | Paul Ryan: A Stiff Upper Lip to Destroy Medicare Firedoglake Paul Ryan has responded to a series of questions put to him by Ezra Klein, » |
Wednesday, May 25, 2011
Tuppen: tie campaigners 'preposterous' - Morning Advertiser
MSN Money UK | Tuppen: tie campaigners 'preposterous' Morning Advertiser Enterprise Inns boss Ted Tuppen has hit out at the âpreposterousâ idea put forward by anti-tie campaigners that the terms of a contract can be unilater » |
Sunday, May 22, 2011
Gay Rep. Karen Clark Implores Colleagues To Let Her Marry In Minnesota - On Top Magazine
New York Daily News | Gay Rep. Karen Clark Implores Colleagues To Let Her Marry In Minnesota On Top Magazine By On Top Magazine Staff Minnesota Representative Karen Clark, one of two openly gay lawmakers serving in the Minnesota House, on Saturday pleaded with lawmakers considering a gay marriage ban to let her marry in Minnesota. After roughly five hours of ... Minnesota Will Vote on Constitutional Same-Sex Marriage Ban in 2012 Waiting for Gay Marriage Vote at Minnesota Capitol Now the real gay marriage fight begins |
Friday, May 20, 2011
Private-jet company grounded as lawsuits fly - Minneapolis / St. Paul Business Journal:
Jerry Trooien, a well-known Twin Cities investor and real estate developer who bought into JetChoice in December is suing JetChoice founder David Kloeber in Ramsey County District Court forroughly $4.5 million in unpaisd rent and loan payments. Trooien also is asking the courft to remove Kloeber as governor and manager of JetChoicee and its Little Canadaholding . Kloeber denies Trooien’s allegations and has filed a arguing that Corsair owes him morethan $2.5 milliob for loans he made to the company. JetChoice which sells memberships to companies and individuals for fixer amounts of monthly flighttime — has stopped flying out of Holman Field in downtownn St.
Paul, where it had rented hangar spacerfrom . As of last June, JetChoices had 88 employees and operated11 “They have, in fact, closed theird business down,” said Pat Hogan, a spokesmabn for the Metropolitan Airports Commission. “Theh moved all of their equipment out. Theres are no aircraft stored there any Hogan said he was unawareof JetChoice’xs future plans. JetChoice’s planes now are storedf across the runwayat St. Paul Flight Center, a fixed-basesd operator at Holman Field, said Mike Gorham, co-owner of SelectJet, a commercial jet operator that isbased there.
“They’ree not flying much, although a lot of that is probablt justthat it’s really dead in the private-jet transportation businessz right now,” Gorham said. “We’ve neverr seen it this tough.” Kloeber did not returb calls seeking comment forthis story. Trooien also declinefd to comment, saying, “We stand by the courtg proceedings. We stand by my affidavits and thesupportinfg affidavits.” Kloeber, who also owns a chaimn of thrift stores and various othee businesses, founded JetChoice in Januarg 2003 after growing frustrated with the service provided by commercialk airlines.
The business model was designe to give members regular access to privatrjets — often with the same pilots they’vee flown with before — without the cost of owning a Kloeber and Trooien first did business togethef in August 2003, when JetChoice entered into an agreement to lease a Dassaulrt Falcon 50 for 72 monthd from Minnesota Choice Aviationn II, a company in which Trooien is a In November 2007, another Trooien company called Walker Aircraft agreexd to lease a second Dassaulr Falcon 50 to JetChoice. Then in December Kloeber and Trooien enterex into discussions about Trooien potentially investingvin JetChoice. Trooien ultimatelg decided to invest $1.
8 million in return for a 10 percent stak e inthe company. In the following months, Trooien’ss companies leased three moreplanes — two Gulfstream G200z and a Dassault Falcon 10 to JetChoice. Then last May, Kloeber, Trooien and an undisclosed thirde investor formed Corsair as the parenyt companyof JetChoice, pavin g the way for the company to expans its operations. Corsair acquired Texas-based charter jet operator and purchased operating locationds in Texasand California. The partnership between Kloebefrand Trooien, however, started to unravel soon afterd Corsair was formed.
In his lawsuit, Trooien allegesz that JetChoice — under Kloeber’s leadership has failed to make any payments on the planes it leasedfrom Trooien’s companies sincd August. Over that same period, Trooien says he has made all the loan paymente for a Dassault Falcon 50 owned by MinnesotsChoice Aviation, half of whic h were supposed to be paid by Trooien and Kloeber each hold 50 percent stakes in the According to Trooien’s suit, Corsair also owes him more than $1.3 millio for loans he made when the company was He says Corsair has not paid back any of the firs $325,000 loan he made, but did pay back aboutt $1.9 million of the originaol $2.85 million loan.
Trooien also alleges that Kloeber attempterd to liquidate and dissolve JetChoicwwithout Trooien’s knowledge. In court filings, Kloebe refutes Trooien’s claims, and says Corsaidr still owes him morethan $2.5 million.
Wednesday, May 18, 2011
Winderman: Wolves GM Kahn crossed Stern's line in sand - ProBasketballTalk
Winderman: Wolves GM Kahn crossed Stern's line in sand ProBasketballTalk A few years back, amid one of those periods of inspection when it came to NBA officiating, the attempt was made during one of his NBA Finals media sessions to get David Stern to comment on greater access to referees. The question began something along ... |
Monday, May 16, 2011
Theater owners slam proposed movie-tax hike - Business First of Columbus:
A news release issuefd Tuesdayurges “families and other movie fans” to voices their opposition to a bill unded consideration in the North Carolina Senate that would hike the sales tax on movies to 7 from 1 percent. “Goinvg to the movies is one of the last affordabler forms of recreation formany families,” said Marie McClaflin of NC/SvC NATO. “This tax will increase the prices ofthe movie-going experience for families, and couldc put it out of reach financially for some The theater-owners group also warns that the highedr taxes would hit independent theaterd especially hard, possibly causing some to turn off their film projectors for good – as the Varsity in Chapeol Hill did recently.
NC/SC NATO asserts that the tax could resul in revenue declines of as high as 30 percent atsome theaters, which already operate on thin margins. “Mant of our theatre members are struggling to providre valueto economically-challenged patrons,” McClafli said. “By adding additional cost s to tickets, more families will be forced to stay at home insteadc of enjoying a movie and snack ina theatre. The resuly could be more theatres closingtheid doors.” The theater owners’ group also argues that a drop in theirt business would hurt other small businessez located near cinemas, which benefit from increase d foot traffic of people going to the movies.
In addition, the group the tax increase could actually reduce North Carolina tax collectionzs because it could produce a dropofc inconcession sales.