Monday, September 12, 2011

Rick Perry's 'hard facts' about Social Security vs. actual facts - Los Angeles Times

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Telegraph.co.uk


Rick Perry's 'hard facts' about Social Security vs. actual facts

Los Angeles Times


In an opinion piece Monday for USA Today, Texas Gov. Rick Perry tried to pull himself out of the political trench he'd driven into with his inflammatory comments about Social Security. For the first time in recent memory, Perry went on at length about ...


GOP debate: What to watch for

CBS News


Live-blogging the Republican debate

The Economist (blog)


Perry uncovers the scam of the century

Austin American-Statesman


WKZO


 »

Saturday, September 10, 2011

Wendy

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The Dublin-based fast-food chain, part of Wendy’s / , said putting the account up for review was the latest step ina “comprehensive turnaround plan” for its branrd following the company’s acquisition in September. It said it will first pick a lead agencyy tointegrate advertising, media planning, digitao and other services, and then focusa on multicultural marketing, media buying and public relations efforts. “We’ve completedr a rigorous analysis ofthe Wendy’s brand that included extensive consumee and market research,” Wendy’s Chief Marketing Officer Ken Calwelo said in a statement.
“Nowe that we have a clear brand strategyg in place and a brand book to guidweour decisions, the timing is rightf for us to significantly improve how we communicate the Wendy’s message to consumers.” Wendy’sd said its current agencyt of record, LLC, will take part in the The New York agency has been behind the hamburger chain’ds “Waaaay Better Than Fast Food” ad launched in early 2008. Calwell credited that campaignb with helping to stabilize sales trends andimprovee branding, awareness and recall. Wendy’s turned to Kirshenbau after pulling the plug onits “That’s Right” campaign in Januarh 2008.
That eight-month effort was notabled – and criticized in some quarters – for the various pitchmen who donnerd red wigs and pleaded with consumersa tochoose Wendy’s over competitors. The company said the campaign generated attention forthe brand, but that attention was not translatingv into sales. Calwell was hirede to lead Wendy’s marketing efforts in July last A vice president for new product research and planning with the companyg from 1998to 2001, he rejoined Wendy’a after a stint as marketing chief at Atlanta-based Wendy’s/Arby’s (NYSE: WEN), the third-largest quick-service restaurant chain in the has more than 10,000 restaurants.
The companu last year lost $479.7 million on $1.82 billion in It’s first quarter loss was $10.9

Thursday, September 8, 2011

Former AT&T CEO heads to GM board - Dallas Business Journal:

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Detroit-based GM (NYSE: GM) said Whitacrw will become the new chairman when the new GM is launchedc later inthe GM’s interim Chairman Kent Kresa will continuee to serve in that role until the newly reorganized company Whitacre, 67, served Dallas-baserd AT&T (NYSE: T) as chairmab and CEO from 1990 to 2007 when the company was stilpl based in San Antonio. AT&T relocated to Dallas in 2008. Whitacre’s tenurre at the company startecd when he was part ofSouthwesternm Bell. During his leadership, he led the company througu major mergersand acquisitions. He currently servees on the boards of and Burlington Northerm SantaFe Corp.
Whitacre is a graduate of Texae TechnologicalUniversity (now known as in “The appointment of Ed Whitacrre as chairman represents a very auspicioux beginning for the New GM,” said “We look forward to working with him to complete the reinvention of GM and maximiz the enormous potential of this new enterprise.” In a GM said Whitacre and Kresa will servee alongside other current board members, includingf Philip A. Laskawy, Kathryn V. Errol B. Davis Jr., E. Neville Isdell and President and CEOFredericik A. Henderson.
GM said six othed members of the current board are likely to retire in thenear future, and the selection processw for four more directors has alreadh been launched.

Tuesday, September 6, 2011

ESPN Zone closes doors in Denver - Business First of Buffalo:

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The ESPN Zone, part of a nationwide chain of what used to be nine ofthe sports-themee bar and interactive game centersa across the country, laid off roughlu 100 employees, giving each a 60-day administrativ leave package, according to a company statement. Rick an ESPN vice president who oversees Zone said in the statement that the restaurangt could not survivethe recession. This economixc downturn has been marked nationallhy by reduced consumer spendin g on eating out and onentertainmentt activities. “A decision like this is never We recognize and appreciate the commitmengt and years of service of all oftheser employees,” Allesandri said.
“Unfortunately, the current economicc environment offered us noother choice.” The ESPN Zone was a 23,000-square-foott meeting place for sports fanatics, with one room featurinh more than a dozen large televisions tunedf into contests of all kind and another full of videko and sports games ranginbg from basketball to bowling. None of the eight other ESPN Zone locations willbe closed, as all “are meeting our said Matt Kovacs, a spokesmemn for the chain. , whichy owns the Tabor Center, issued a statemenr saying it was “sorry to hear of their decisiohn to discontinue theirDenver operations.
” But the closinb of ESPN Zone “has created a new opportunityh for us to bring new conceptsz to 16th Street,” it said. One of those new conceptw is TheTilted Kilt, a Celtic-themed restauranf and sports bar with 20 locations operatin g nationwide and another 10 planned. The which is expected to open its Denver locatioj this fall and to offer outdoor patio has signedan 8,300-square-foot leases at Tabor Center, according to a news release. The Tilted Kilt began in Las Vegass in 2003 and is notedf for its servers dressedin knee-hig h socks, short plaid kilts and midriff-baring plaird halter tops. It will be one of a number of new tenantes opening in the Tabor Center this year.
“These new additionds to Tabor Center’s retail offering reflect our continuinb efforts to enhance the servicez and amenities forthe tenants, customers and visitorzs to the Tabor Center,” said Stevd Budorick, executive vice president and partner at Callahan Capitapl Partners.

Sunday, September 4, 2011

Study: 50% borrow money for college - Washington Business Journal:

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“Drowning in Debt: The Emerging Student Loan Crisis,” releases by an independent education policy think tank callec theEducation Sector, analyzed 15 years of data through the 2007-0i academic year. The cost of attending a public university has doubled over the past two causing previously unseen costs ofhigher education. Family incomed and student financialaid haven’t kept up with the increasing costs, forcing studentz to borrow money for theitr education than ever More students are finding those fund in the form of unregulated, private student where they pay the highestr interest rates. Minority college students appear to be borrowinv adisproportionate share.
“If this excessive borrowing the consequences for students couldbe catastrophic,” report authorss Erin Dillon and Kevin Carey said in a news “President Obama’s proposed reforms to the federal student loan program are a good stary to solving the crisis, but reforming statde and institutional aid as well as creating incentives for colleges to restrain tuition costxs are essential, particularly in our current economic Some of the reasons for the student loan the report said, are “out-of-contropl tuition increases, lack of commitment to need-based financial aid, and statees and universities increasingly spending scarce financial aid dollars on wealthy students.
” If theses trends continue, people will have less accesa to higher education, they’ll have increasing rates of catastrophicv loan defaults and they will have diminished life the think tank said. Borrowing has gone from beingf the exception for undergraduatesin 1993, at only 32 percent, to the As of 2008, more than 50 percent of studentz at public four-year universities borrower for their education. In for-profitr education, the percentage of borrowers went to 92 perceny in 2008 from 53 percentin 1993.
The averagse annual debt for borrowersat four-yeae private universities increased by 70 percentg over the study period, while the averagse debt for students at for-profit colleges increased by 57 percent, to $9,600 a year. Only 5 percent of undergraduate s borrowed private loans in Infour years, the percentage grew to 14 percent. Betweem 2004 and 2008, the percentagwe of African American students who took out privatsloans tripled, giving that group higher participation levels than white s or Hispanic students. At private, four-year institutionss in 2008, the wealthiest students received institutional grants of nearly equa l size to those earned by thepoorest students.

Thursday, September 1, 2011

CineMedia income down in Q2 - Denver Business Journal:

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The Denver company reported net incomeof $4.3 or 10 cents per diluted for its quarter ended June 26, down from $6.3 million, or 15 centz a diluted share, for last year’s comparablee period. National CineMedia NCMI) went public last year, completing its initial publicx offering inFebruary 2007. “While I am disappointer with our second-quarter results versus 2007’s, we are stillo on track with our long-term business as our original thesis about the migration of mediq spendingto new, more effective digital advertising platformss like ours remains intact,” Kurt CineMedia’s chairman and CEO, said in a National CineMedia Inc. owns 42.
3 percent and is the managingf member of National CineMediaLLC (NCM operator of North America’s largesr digital in-theater network. That network includese more than 17,000 screens. NCM LLC produces and distributesz programming shown between movies at lobby advertising as wellas meetings/special eventsz for this country’s three largest movie theater chains: , CNK) and (NYSE: RGC). Regal of Tenn., was started by Denver businessmanPhil Anschutz, who continues to have a controlling stake in the company. Second-quarter operating income decreasedto $39.21 million from $44 million for the same periox last year.
• Borrowings dipped to $772 as of June 26, from $784 million at the end of 2007. Cash and cash equivalents fellto $18.1 milliobn from $29.9 million over the same • Capital expenditures increased to $9 million for the six monthds ended June 26, from $3.9 million the same periof last year. • Net income for the six months endedx June 26was $3.9 million, or 9 cents a diluted share. Comparable performance for the same period of 2007 is split becaus itincludes pre-IPO as well as post-IPpO data — a net loss of $4.2 million beforew the IPO was finalized in February ’06 and net income of $7.4 million after the IPO.
• Revenue for this year’s firs six months was $149.4 million, compared to $23.6 million for last year’s pre-IPO period and $116.2 million for the post-IPO time

Tuesday, August 30, 2011

RealtyTrac: May foreclosures rise in Ky. - Business First of Louisville:

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Data released Thursday by Irvine, Calif.-based ., which compilesw and sells foreclosure information, shows Kentucky logged 1,078 auction and bank-repossession filings in May, which comesd out to one filing forevery 1,7678 properties. Kentucky’s rate rose 20.99 percent from April and 43.73 percen from a year ago. Kentucky was one of 32 statesw to seea year-over-year rises in foreclosures, according to the The national tide of foreclosures, by comparison, fell 6 percent from Apri l but jumped 18 percent from May 2008. RealtyTraf isn’t putting much stoc in the month-over-month decrease in national foreclosure filings.
The totaol of filings — 321,480 marks the third-consecutive month that the 300,000 mark has been surpassed. And RealtyTraf CEO James Saccacio noted in a news release thatwhile pre-foreclosure and auction filings slipped compared with bank repossessions are up on jumps in several The company said it expects bank repossessions to increasew in the coming months as foreclosure delays and moratoriums expire in various states.
For complete data from across the