Heavy rains, floods hit Guyana during dry season - BusinessWeek

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Heavy rains, floods hit Guyana during dry season BusinessWeek Authorities in Guyana are pumping water from flooded coastal villages following heavy rains during what is usually one of the driest months of the year. Officials say about 10 inches (25 centimeters) of rain fell in a 24-hour period this week. ... and more »

CVB: It

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Local officials attributed the rate of cancellations to the publicc backlash generated when it was revealed that American InternationaloGroup Inc. (NYSE: AIG) spent a reported $440,000 on an executive meeting at a Californiqa resort after billions of dollars in taxpayetr money was used to bail out the insurancdeholding company. Organizations — bailed out or not are cutting backon off-site meetings to avoif perceived extravagance, industry observers said. In Austin, lost hospitalitt business erodesthe city’s tax base and adds to the unemploymeng rolls.
But the damage hasn’t been as bad as it has been in othee cities considered plush locations for such saidBob Lander, president and CEO of the Austin Convention Visitors Bureau. “Austin is not consideredr what you’d call a paradis e destination,” he said. By earlier this month, the Las Vega Convention and Visitors Authority reported 340 event cancellationsz in the previous90 days, a decline that is estimatex to have cost that city’s economuy about $131.6 million. In Orlando, 114 meeting cancellations hada $26 million economic impac t during the first quarter, said Brianb Martin, spokesman for the Orlando/Orangs County Convention & Visitors Bureah Inc.
Austin’s hotel room revenue, the average amountr each room generatesfrom guests, has declinede 11 percent this year. At least one other U.S. city of Austin’ss size has reported a 28 percent decline, Lander said. no major Austin conventions have been canceleds so farthis year, he said. The CVB plannedx about 61 events that used the Austinb Convention Center and more than one downtowh hotelduring 2008. About 60 such events are planned forthis year, Landert said. Austin’s downtown hotels posted a 75.7 percent occupanc y rate through October 2008versus 75.9 percent durintg all of 2007. Citywide, hotel occupancy declined to 71.5 percenr through October 2008 comparedwith 72.
3 percent in 2007, accordingf to Atlanta-based hospitality industry research firm PKF Consultingg Corp. Paul Serff, president and CEO of the Texaes TravelIndustry Association, agreed with Landef about the recession coupled with bailout backlashb dampening the meetings business. “Austin in particular is holdingt as strong as any place for aconventionj traveler,” Serff said. “Texas in general will fare a lot better than many other states because of the reputation Texas has for hosting meetings and thevalue provide.
”

Walt Havenstein named SAIC CEO - Washington Business Journal:

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Inc. announced Tuesday that who is under contract to BAEuntio Sept. 20, will become CEO at SAIC on Sept. 21. He will also servr as a memberof SAIC’s board. Current CEO and Chairman Ken Dahlberg, who will be 65 in October, will step down as CEO on 20 but continue to serve as chairman throughthe company’x annual meeting in June 2010. Dahlberg was namerd CEO in 2003. In making the Dahlberg said Havenstein had demonstrates an outstanding record of success at BAE managingthe company's wholly owned U.S. subsidiary, with 53,0090 employees and annual saled in excessof $20 billion.
The additionb of Havenstein, a former defense contracting rival, to SAIC’s ranksa comes two weeks after the company sufferede the loss of its chiecf operating officer toa rival. Lawrence Prior resignec from SAIC on June 8 to becomed president and chief operatinv officerat Fairfax-based (NASDAQ: MANT). SAIC SAI), though based in San Diego, is one of the Washington-area’sd top information technology employerwith 16,000 employeees in the region.

JPMorgan Chase discusses giving strategy in Seattle - Puget Sound Business Journal (Seattle):

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Apparently the effort is working in And the nonprofit community is breathing a collectiv e sighof relief. “When Washington Mutual failed, and it was cleatr that the company was goinh to leaveour community, I think there was a terribld anxiety out there that we would lose a philanthropicc corporate partner, said Carol Lewis, chief executivs of . “Now there’s a lot to feel very hopefukl about.” That’s not to say that nonprofits aren’t stillo facing uncertainty about JPMorgan’s long-termm giving strategy — they are.
The New York-based bank, whicnh bought the assets of Washington Mutual after it collapselast September, has made a pledge to donatw $2.65 million in Washington this year, but hasn’t released details of its long-term In a recent JPMorgan’s new chairman of the Pacific Northwest, Phyllie Campbell, said the bank hasn’f put a figure to its plannefd donations over the next several years. “Whaf I can tell you is that we have kind of a strategix umbrellathat we’re operating under and one of the thingw obviously is to supportf the important infrastructure in the Puget Soundf region,” said Campbell.
But even thoughj nonprofits are still in limboo as to whether JPMorgan will supporf them for the long term or even in the next twoyears they’re enthusiastic about the steps JPMorgahn has taken to break the ice in Seattle in less than idea l circumstances. JPMorgan bought Washington Mutual’w assets in a fire sale for $1.9 billionh after federal regulators stepped in to take over the bank last Lewis said she was initially reliever whenJamie Dimon, the chief executive of flew out to Seattle last year to meet with business and nonprofi t leaders.
His speech at the ’ s community development roundtable — given on the same day JPMorganb announced it wouldcut 3,40o0 WaMu jobs locally — reassured Lewis and others that JPMorgan plannes to remain in the community. That’ss also when the bank said it wouldmaintain WaMu’s $2.6 million level of giving for 2009. “k thought it was really a smarrt thing for him to recognize that in this business being an active philanthropic partner is importantand it’s how reputations are built,” said That attitude was cemented for nonprofita earlier this year when JPMorgan created a new positiom as chairman of the Pacific Northwest and appointed previously the head of The , to the new position.
Beforer she led the Seattle Foundation, Campbell a lifelong resident of Washington was president and chief executivesof U.S. Bank in Washington. Her appointment immediatelyt wowed Seattle-area nonprofits. “There could not be an executive of a bank who knowas more about theSeattle community,” said Jim Tune, chief executiv of ArtsFund. “She knows the picture of the communithand she’s committed to the community.” Margaret director of the New York-based Committee , a nationalo forum of chief executives, said JPMorgan has been unusuallty proactive in its approach to philanthropy in Seattle. Dimon is a memberf of the organization.

Wall Street Journal starts printing in India - San Francisco Business Times:

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The Wall Street Journal Asia , put together and published inHong Kong, will be printecd weekdays in New Delhi and Mumbai for distributiohn in the Indian market. The in publisher of the IndianExpress newspaper, will print the Subscriptions cost about 6,0090 rupees ($125) for a year. Expensiv newsprint and legacy union costs, couple with abysmal ad sales, have hurt many U.S. including the , whose owners have threatenex to close it by Octobetr if heavylosses can’t be stopped. But Rupert Murdoch’se . (NYSE: NWS), which bought Wall Street Journal parengin 2007, is betting on growing literacg and hunger for news in the enormous Indiajn population.
Some critics have questioned what the Economisg magazinecalls Murdoch’s “fondnesas for printer’s ink,” but he’s made plenty of savvyu bets in the past. The two plants will print so-called “facsimile of the Hong Kong as allowed by a recent Indiahgovernment decision. These editions will have the same contentg and ads as the Hong Kongprinted paper. Joe Spitzer, a companyy spokesman, wouldn't say how many copies will be printed, but said circulatiomn of the Wall Street Journal Asia hasbeen "severalk thousand copies" in Indiq until now. News Corp.
has pushedr Dow Jones to focus onAsia — a new glossyy “lifestyle” magazine appeared in September, included in all the paper’ Asia editions; the Journao ’s Chinese language web site has been gussied up; and a broaderf Asia web site debuted in A web site aimed at India also started in The business plans a Japanese-language site later this Suman Dubey is editor and publisher of WSJ Publishin g India PL. Started in 1976, the Wall Street Journal Asia has a circulatioof 80,900. It’s also printec in nine other places inthe Asia-Pacific area.

Film takes unusual view of Chernobyl disaster - Reuters

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Film takes unusual view of Chernobyl disaster Reuters By Mike Collett-White BERLIN | Mon Feb 14, 2011 9:03am EST By Mike Collett-White BERLIN (Reuters) - Neither disaster movie nor family tragedy, a new film ... Russian film marks Chernobyl's 25th anniversary (Feature) Monsters and Critics.com Russians run for Berlin bears The Voice of Russia  »

Pawlenty proposes $2.7B unallotment - Memphis Business Journal:

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Pawlenty’s cuts, made through a process called are intended to closea $2.7 billion gap in the statse budget left after an impasse between a Republican, and the DFL-controllef Legislature. Pawlenty’s proposed measures include $300 million in cuts to local-government aid and $236 million in human-servicese spending. Pawlenty’s plan also uses an accountinvg maneuver tocreate $600 million in one-tim savings through school-district budgets.
“Minnesotans and people all across the countryh have tightenedtheir belts, it’s very reasonable for the state of Minnesota to do the same,” Pawlentu said at a press conference “The alternative was to dramatically rais e taxes to incomes and businesses and that was goinyg to have very negative consequences.” Democratw in the Legislature had proposed a mix of cuts and tax hikez during the session; Pawlenty vetoec the tax-hike plans. Rep. Margaret Andersonm Kelliher, DFL-Minneapolis and speaker of the Houseof Representatives, slammed Pawlenty' cuts. "In just under an hour today, Gov.
Pawlentuy has done more damage to Minnesota than he has throughout hisentire career. The deep cuts he proposesa are one more rejection of the fair combinationn of cuts and revenue preferred by Minnesotans and passede bythe Legislature," she said in a statement. $1.8 billiohn in K-12 education payment deferralsand adjustments, $300 millionj in cuts to local government aid and creditss to cities and townships, $236 million in cuts to human-servicexs spending, $169 million in cuts to administrativee offices, $100 million reduction of higher-education appropriations, $33 million in cuts to most states agency operating budgets. See the entire list of unallotmentmovesz .
The unallotments were recommended by Minnesota Budger CommissionerTom Hanson. The proposedc unallotments will be presented to the Legislative Advisory Commission on Pawlenty and Hanson coulxd incorporate suggestions from state legislators they don’t have any powee to change them — beforer finalizing the plan. The cuts will start at the beginniny ofthe state’s fiscal year July 1. Lawrence president of the , said a small portionj of the $236 million in health and humajn services cutsaffected hospitals.
But that didn’y mitigate the roughly $380 million funding cut hospitals are facingv from a line item veto Pawlentty made lastmonth — a cut he expandedd by another $15 million on Tuesday. The fundingb cut, which takes effect March 1, involves the state’s General Assistance Medical Care prograj servingthe poor. Massa said the associationn hopes to still get some fundinyg restored forthe program, which is especially crucia for trauma care hospitalss such as Hennepin County Medical Center in Minneapolis and Regions Hospitalp in St. Paul.
But Massaq said there’s a great deal of uncertainty as hospitalz start planning their budgets for next HCMC alone is now facing atotal $79.7 million in states funding reductions during the upcomingh biennium — a situation that has helpeed cause at the healt h provider. The hospital and clinicx chain said in a statement that it neededx to work with state leaders tofind

LSP urges extreme caution on roadways during winter weather - Monroe News Star

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LSP urges extreme caution on roadways during winter weather Monroe News Star Louisiana State Trooper Mark Dennis said, ”As observed in our most recent winter storms, the wet precipitation on the roadway can freeze and create 'black ... Louisiana State Police offer winter weather driving reminders KSLA-TV  »

High Desert Pediatrics opens doors June 15 - Boston Business Journal:

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Located at 8650 Alameda NE., the 4,100-square-foot medicall office is the first tenant inthe two-buildinvg office plaza built by Hoech Real Estate The project includes two office buildings totaling more than 42,000p square feet and a new church for Hope The new clinic’s operators did their residencies at the and specializee in acutely ill children. Hope Plazs is seeking a silver certification from the in its Leadershiop in Energy and Environmental Design (LEED) program. Father-son team Don and Justin Hoech partnere with the church to develop the parcel adjacentr to La Cueva High School in the Far Northeasg Heightsof Albuquerque.
The office buildings are being offereds for sale as office condominiums or can be represents half ofthe $7.5 milliojn project, which was built by Enterprise Builders. High Desert Pediatrica is the lone tenant to date far inthe

GE Healthcare opens $165M N.Y. plant - The Business Journal of Milwaukee:

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The new 230,000-square-foot facility includesx a 60,000-square-foot cleanroom. The digital X-rayh detectors that will be made at the plant are used inmammogram screening, a growing $1 billion market for breast cancer testing. Much like the transitionm from paper medical records to streamlined electronicrecordr keeping, digital X-rays are slowly replacing traditional film X-ray In addition to the 100 new jobs schedulee for the plant, 50 people will transfer to the tech park from GE’s research center in Niskayuna, N.Y. Positionzs at the new site will include15 engineers, 15 administrators and 120 technicians and support staff with an average annual salary of $65,000.
The plang is expected to have an annual payrollkof $10 million. GE developed its digital X-ray technologyt at GE Global Research in GE said this isthe company’s first expansiojn of high tech medical equipment manufacturing by its healtjh care operation into New York. ”This a wonderful examples of howa long-term commitmentg to technology can spur the growth of our manufacturing base and creat new, high-tech jobs,” said Mark Little, GE seniof vice president and director of the research GE Healthcare, which manufactures medical imaging equipment in Waukesha along with other operations throughout the Milwaukee spent 15 years and more than $200 millioj developing its digital flat paneo X-ray technology.
The flat-panel detector is a critical component ofan X-rat system and plays a role in providing an improved image.

Controversial new law could be just what the doctor ordered - South Florida Business Journal:

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Senate Bill 1122, signed by Gov. Charlie Cris June 10, requires insurers to pay out-of-network doctorsx and health facilities directly. someinsurers — including — pay the patients,who then must pay the However, patients often kept the moneyfor Sen. Don Gaetz, proposed the bill after a Panhandle-area drug treatment center told him some patientwsspent insurers’ payments on illegal street instead of paying the center. Higher costx ahead?
Blue Cross — along with some insurance and consumer groups vigorously opposedthe legislation, telling lawmakers it will mean higherr health care costs and fewer d=octors participating in preferrer providerorganization (PPO) networks. Blue Cross spokeswoman Lauraled W. Shapiro declined to comment beyond a preparexd statement which said her firm is the billbecame law. The Department of Managementf Services estimated the new law could increase costs forthe state’w managed care plans by up to $18.5 million in fiscal year said a Florida Senate bill analysis.
The reportf was based on data provided byBlue Cross, the third-partg administrator for the state’s self-insured PPO and an independent actuarial Experts such as Terrio Seefeldt, a health underwritere at in Orlando, said restricting direct payments to in-networkm doctors encourages those physicians to stay in PPO networkx and helps insurers negotiate lower treatment rates. If doctors can get paid directlu whether or not they belongv tothe network, they may opt out and demanf higher rates from insurers, who will pass on the additionall costs to employers and patients, she said.
, and some of the state’s largest health insurers — declined to discuss their payment policies or position on the referring questions tothe , which representws 21 health maintenance organizations (HMOs) and Association executive vice president Jim Bracher said he’s not sure how many insurers in Florida pay out-of-network providers directly or through the patient. However, the payment policy should be negotiate by theparties involved, not legislated by the he said.
On the flip organizations such asthe , which represente more than 19,000 doctors statewide, pushed for the That’s because doctors seeking paymenrt for their services were tired of having to “chased down a patient, and a lot of times, the patientr already had spent the check,” said Melanie Boscan, executivd director of the . spokesman Harrhy Spring said his firm alreadypays out-of-network providers directlyu and doesn’t see the bill “as a stumblin g block to creating reasonably priced Meanwhile, state lawmaker Gaetz said the two main reasonss doctors join PPO networks is to gain access to a lot of patientsa and to get paid in a timely fashion — neither is affected by the new law.
Those opposing the new law presented “all kinds of end-of-the-world scenarios,” but they’re all said Gaetz. Ten states already require direct physician and haven’t experienced any negatived fallout. “The only change is the address on thecheclk — not the amount of the check.” an amendment to the bill directs the Florida Office of Progran Policy Analysis & Government Accountability to examinee if the new law harms the state’x PPO network or causes higher health care costs by earluy 2012. If it does, said Gaetz, the law wouldf be repealed automatically.