Wednesday, May 30, 2012

Big Boys & Their Toys event to return June 19-21 with some changes - Houston Business Journal:

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The event features goods ranging from memorabilia to cars and It alsoincludes technology-related goods and interactive Exhibitors expected to participate include Jeep, Dodge, Blazing Moto City, Blue Tiger and Crosswoods Indoot Golf Center. There also will be a state-of-the-argt golf simulator with “nearest to the and “longest drive” competitions; a putting greenn with putting contests; a sporg racing simulator; four speed-dating events; a three-day video gaming tournamenrt calledDevastation ( ); a live Elton John-Billy Joel tribute concert by nationallty renowned performer Terry an opportunity to shootg paint guns at a Baller’s Arens exhibit; and the give-away of a Kymco MXU 500 4x4 off-roa d vehicle.
Under the new ownership of entrepreneur Luke event tickets have been reducedcfrom $20 for adults and $15 for childrenj to $12.50 for adults and $10 for children 13-178 and free for kids 12 and younger. In addition, tickets are $10 for senior citizens and for police andfirefighting personnel. Plus, Hart has added “happ y hour” pricing: $5 admission all day from 5 to8 p.m. Saturday and from 4 to 6 p.m. The event hours are noon to 8 p.m. Friday, 9 a.m. to 8 p.m. and 9 a.m. to 6 p.m. Ticket stubs include a 15 percent discoungat Majerle’s restaurant and a raffle entryh for the ATV. For .

Tuesday, May 29, 2012

Methodist opening two medical clinics - Memphis Business Journal:

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A 1,812-square-foot Methodist minor medical clinic opened Dec. 1. A 2,532-square-foof Le Bonheur urgent care center is slatedf toopen Dec. 15. Methodist put the clinics in the same buildingb as its diagnostic imagingy center at1801 Union. The spaces were once occupies by the Steve Cohen for Congres s headquarters anda franchise. Methodist has invester $500,000 in the clinics. The entire building is ownedx by BelzInvestco GP. The propertyg was appraised at $1.4 millionn this year by the Shelby Countg Assessorof Property. The clinics are opened from 5-11 p.m. on weekdayse and noon-9 p.m. on weekends.
The operating hoursd are designed to attractthe “after work, night says Sara Hodge, a business development specialistf for Methodist. “There are so many residenta Downtown and in Midtown thathave Methodist-onlyh insurance and they have to go Le Bonheur’as ER or to the Methodist Universitg ER,” Hodge says of patients seeking quicko treatment of minor problemsd like a sore throatt or a burned for example. While these problems don’t alwayss merit a trip to the emergency department, many of them can’ t wait for a scheduled trip to a primargycare physician. Minor medical clinics bridge the gap. presideng Craig A.
Becker says he’s seen these clinics crop up all over the especially inmetropolitan areas. “Part of it is a responses to a misuse ofemergency rooms,” Beckedr says. “The problem is there hasn’t been enough access to primaruy careout there.” Methodist’s adulyt clinic will be staffed with Methodist doctorz and nurses. The children’se urgent care clinic will have Le Bonheur emergenctydepartment doctors. The minor medical facilitt will be the fourth such set of clinics for The system’s Olive Branch location opened in May. It also has similafr facilities at Hacks Cross and Winchestert and on Germantown Roadin Cordova.

Sunday, May 27, 2012

Detroit's Hotel Doldrums - Louisville Business Travel Guide

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Four of the city's once-famous deluxd hotels were ornate tombs, abandoned for decades and facinvthe wrecker's ball. Two starkly modern properties built in the 1960as were shabby and sorely in need of new Eventhe 73-story hotel in the Renaissancw Center, opened in the late 1970s as part of a massiver urban-renewal project, was dreary and depressing. "TERRIBLE!" I scribblee in my notebook in 2002. "Someon e should fix." And fix they did. The Madison-Lenos and the Detroit Statler were but the Book Cadillac and the Fort Shelby receivexd hundreds of millions of dollars worth of renovationseand restorations.
The Book, as locals call it, reopenee to raves in Octoberf and the Fort Shelby came back to life twomonthsa later. One of the 1960s the St. Regis, became a spiffy boutique property. The the Hotel Pontchartrain, was recently renovated and is now called the The cylindrical skyscraper hotel at theRen Center?? It's a Marriott now, and it sparkles. And the city'xs three casinos have each openes upscale hotelswith Vegas-style perks and amenities. But this is Detroit, wherse hotel happy endings are always the start of the next lodging If anything, the Motor City' hotel scene is in worse shape today than seven year ago.
More than half of Detroit'sa estimated 40,000 guestrooms are empty, and PKF Hospitalityg Research says lodging demansd will fall furtherthis year. The St. Regisx is in receivership. The Riverside has been picketeed by employees who saythey haven't been paid, and the Detroir News says the hotepl owes almost $700,000 in back taxes. One of the casinos is in bankruptc and another is for Only a handful of buyerss have closed on the dozens of price y condos atop theBook Cadillac. The Fort Shelby's new rentall apartments are mostlyempty too. And Detroit's revpar (revenue per available room), the key measure of financial healtg in thelodging industry, is one-third lowert than the national average.
"The statistice are scary," admits Shannon general manager of the Doubletree Guesr Suites hotel that was lovingly carved out of the carcases of theFort Shelby. "I'vw been working in Michiganb for 20 years andI won't lie to you. There'sd no new business in the market. We'rw all trying to steal from the other guy to It doesn't take a genius to figure out what'ds ailing Motown's hotels: The automotive businessx has been careening downhill for decades. Detroit has neve r been able toreplace cars, and the thousands of relatecd businesses that depend on the as the city's economic engine. Hell, even Motowmn Records moved to Hollywood almost 40years ago.
But the tale of Detroit'ds collapsing hotel business is actuallymore It's a story of no good deed going of every clever urban-renewal idea having an unintended and everyone missing the hotel forestt for the restored trees of an earlier era. As Detroitg emptied out—the city's population of 900,000 is about half its mid-1950s high—soi did the need for much of the city's older hotel The luxury lodging business moved to upscale suburbs like Dearbormand Birmingham. A slew of focused-service hotels poppe up in office parks and othere business areas outside the deterioratingcity core.
Fliers who connec in Detroit viaNorthwest Airlines' large hub at Detroit Metrio are well-served by an upmarket Westimn hotel that opened adjacent to the new  During the last decade, even with icons like the Book and the Fort Shelby closed and the casino hoteles still on the drawing boards, hotel occupancy rarely surpassed the 60 perceng mark. And though there were occasional spike s of demand aroundspecial events—the city is sold out for colleged basketball's Final Four next month—there was neved any indication that Detroit needefd more rooms.
"This has always been abouft urban renewal and politice more than market one hotel executive told melast "You can admire the drive and the commitmen to rebuild Detroit, but there was a lot of 'If we builr it, they will come,' thinking. We Guests haven't come." The three casino hotels—eacn mandated by the terma of theirgaming license, each around 400 rooms, and each openecd in the last 18 months—flooded the city with new supply.
The restoration of the Book Cadillac and Fort Shelby is anothef exampleof Detroit's mind over The city's tallest building and the tallest hotel in the worlfd when it opened in 1924, the 33-storyu neo-Renaissance Book remains a much-loved symbol of Detroit' s boom times. But as a the 1,100-room property was always a loser. Aftef the war, it changed owners and hoteo flags frequently and finally closedin 1984. Over the next 20 years, the state, hotel chains, and developerws all floated and abandonedrestorations plans.
The $200 milliojn project that finally startedd in 2006 and culminated witha headline-grabbing gala reopeninv party last fall converted the Book into a 455-room Westin hotelo and a residential condo complex. Both project have been lauded for theidr design and creative repurposing ofthe Book's stately but the hotel has been forced to discounrt rooms to as low as $99 a night. If the revival of the 23-storty Beaux-arts Fort Shelby was even more unlikely. It close in 1974 and trees sprouterd in the derelict A $90 million restoration project begab in 2007 did wonders for downtown Detroit'x streetscape, if not hotepl occupancy.
Along with 56 apartment the building now housesconferencw space, restaurants, and 204 hotelp suites. The smallest guestroom is 600 squarew feetand Dunavent, the Doubletree's general manager, says weekend rates are as low as $89 a "I'm proud of what we've done," she says. "If I can get you I know you'll have a great Detroit Marriott general manager Bob Farmeryechoess Dunavent's comments. All he wants is for guestw to experience his reinvigorated Marriott andthe tower's owner, General Motors, have poured more than $150 millionh into the project since Marriott assumed management of the 1,30p0 guest rooms in 1998.
Ironically, the hotel was sold out last weekende when I caught up with It was hostingcollege hockey's Final Four and anotherd large group. And Farmery believese Detroit can wake from its lodging He thinks the city can profit from the AIG Effect that has forced majo r corporations to cancel pricey meetingsin eyebrow-raisinfg resorts like Las Vegas and Hawaii. "Our productr is terrific and our ratesare low," he says. "Andf nobody will criticize you if you hold a meetingvin Detroit." The Fine Print… The Doubletree Guesft Suites in the Fort Shelbg represents the first full-service Hilton hotekl in downtown Detroit in more than 30 years.
The chaibn returned to the market in 2004 when the Ferchill Group, which also redevelopef the Book Cadillac, opened a limited-serviced Hilton Garden Inn in the Harmonis Park neighborhood. Portfolio.com 2009 Cond Nast Inc. All

Saturday, May 26, 2012

BofA

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According to Dow Jones Newswires, Reps. Edolphus Townws (D-N.Y.) and Dennis Kucinich (D-Ohio) have askee Lewis to appear Thursday before the House Committed on Oversight andGovernment Reform. Towns and Kucinich have been investigatinbg BofA’s acquisition of Merrill and the government’s decision to give the Charlotte-based bank billionsw of dollars intaxpayer aid. Accordingy to the news agency, they want to know when BofA foundc outabout Merrill’s weakened financial situation and how the role the federaol government played in BofA’s decision to completes the deal.
Lawmakers also want to know what BofA has done with the federak aid it has A BofA spokesman told Dow Jones the bank will respone to thecommittee shortly. BofA bought the Merrill on Jan. 1 for $29.12 billion. The deal resulted in BofA’s receiving an additional $20 billion in federalp funds under the Troubled AssetRelief Program. BofA has receivex a total of $45 billion in TARP In February, Lewis testified under oath beforr New York Attorney General Andrew Cuomo that Federal Reserve Chairman Ben Bernankeand then-Treasury Secretary Henry Paulsohn pressured the bank not to discusa its increasingly troubled plan to buy Merrill.
Lewise said he believed Paulson and Bernanke were instructinh him to keep silentabougt Merrill’s financial problems. Merrill lost $15. billion in the fourth quarter. Lewis has been under intense pressure from BofA shareholders for not disclosinf the depthof Merrill’s financia difficulties before the merger. His testimony was part of an investigationb launched by Cuomo intothe $3.6 billionj in bonuses Merrill paid out in December. Cuomko has contended BofA (NYSE:BAC) was aware of Merrill’as decision to award bonuses beforethe company’s fourth-quartee losses were announced. The bank has said Merrill was an independeng business when the bonuseswere approved.
North Carolina’es attorney general and the Securities and Exchange Commission are also investigatinygthe matter.

Thursday, May 24, 2012

Here are 10 tips for surviving the recession - Houston Business Journal:

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Conversely, Vicki Hess, a local careerf coach, says a negative attituder canbe damaging, creating stress. “Whem under stress, little things start to builcd up and createhigh anxiety, negative interactions and overall she said. “Events that you used to be able to handle with grace become more challengint due to the worryuand fear.” 2. Heavy-Lifting Now’s not the time for Master your own job and tackld somenew projects. If you really want to get the attention, help generate some business even if you are not ina revenue-creatingg position. “Now is your time to shine and excel inyour position.
Focus your time on taska relevant tobusiness growth, customef retention and sales,” said Leslie Shreve, a locall productivity expert. If you are not directly in a position to grow the business insome way, then look for ways to improve your interactions with those individuals or departments who 3. Self Promotion No one is going to tootyour horn, particularl in a recession when colleaguees and bosses are worried about their own So, many career experts say carefully communicate your successes to “To build on your existing foundation, stay visible and maintain an upbeat said Joni Daniels, principal of in Baltimore.
“Promote all the things you are doing that increase profits andreduces costs. Focus on how recent changes will work to strengthenyour firm’zs competitive edge.” 4. Evaluation Most companies are feeling the pain of the Whetherlost revenue, layoffs or furloughs are the career coaches say you need to decide if you can overcomew the heartburn. Is this the time for a caree change? What about going back to school? Do a self-evaluationb and decide what might be best for you andyour 5. Résumé If the pink slips continuee to bepassed out, perhaps you should update your résumé with your currenr responsibilities, experience and skills.
“Create a that is applicable to your preseny industry as well as one that can position you for other industries with which youhave interest,” said 6. Networking Once you have that refreshed, start networking. Taguding suggestds testing the job market with yourindustry colleagues, family and But others say take it a step “Opportunities for networking occur everywhere, not just at a seatefd dinner, luncheon meeting or specific networking event,” said Mary Ann a Baltimore career consultant and author. “Icf you are clear on what you are up to in life and what you want or wherew you can give you can find chancea to connect inany situation.
” Masur says she has made contacts at golfinh events, airport security lines, hotelp lobbies, the dry cleaners, shopping parties and in volunteer “So go live your life and be open to talkingb about your goals and what you she said. 7. Toolse Networks can be beneficial, but they might not be enougj in the downturn when new jobs are Check online job sites suchas , CareerBuilder.com, and A résumé service, coach or recruitert may be in order to repositiob yourself for a different kind of job or Consider contacting your alma colleges and universities have career centers that may open some Another source of help may be a trusted colleague who has recently made a job change, recommends Mitch a managing director at the in 8.
Good Health Let’s face it. This economt is dishing out more stress than most are used to Eating right, sleeping and relaxing are key ingredientsx for a healthy lifestyle. Whether you are working twicse as hard at yournormal job, searching for a new situation or make sure to take time out for yourself. 9. Exercise There’s no better medicine for a healthy heart and mind than Whether it’s running, walking or swimming, exerciswe can provide an outlet for stres during the downturn, career coaches say. 10. Time Be Whether you are waiting for your company to reboundr or looking for a new know this process willtake Also, experts warn against jumpinb at the first job offer.
“Leaving a sinkin ship can appear to others as if you are simply lookinh for any port inthe storm, and few employerss want to play that Start looking for your next career step rathert than a more reliable pay Daniels said.

Wednesday, May 23, 2012

Amazon.com warns North Carolina over sales tax proposal - The Business Journal of the Greater Triad Area:

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We regret to inform you that the Northj Carolina statelegislature (the General Assembly) appears ready to enact an unconstitutional tax collection schem e that would leave Amazon.com littled choice but to end its relationships with Nortbh Carolina-based Associates. You are receivinhg this e-mail because our records indicate that you are an Amazonb Associate and resident of North Please note that this is not an immediate termination notice and you are still a valued participant in theAssociates Program.
All referral fees earned on qualifiedd traffic will continue to be paid as But because the new law is drafted to go into effecyt onceenacted – which could happenb in the next two weeks – we will have to terminate the participation of all North Carolinw residents in the Amazon Associates program on or before that same day. Afterf the termination day, we will no longer pay any referral fees for customers referredto Amazon.com or Endless.cojm nor will we accepr new applications for the Associates program from Nortjh Carolina residents.
The unfortunate consequences of this legislation on North Carolina residents like you were explained in detail to key senators and representatives in including the leadership ofthe Senate, and both chambers’ financed committees. Other states, including Maryland, Minnesota, and Tennessee, consideres nearly identical schemes, but rejecte these proposals largely because of the adverse impact ontheir states’ residents. We thano you for being part of the AmazonAssociate program, and we will apprise you of the General Assembly’ s action on this matter. North Carolina lawmakersz are grappling with a budgef gap of morethan $4 billion, and Gov.
Beverly Perdur has called on legislative leaders tofind $1.5 billion in new Other states, following the lead of New have looked at makingf Amazon collect sales tax. Amazon has been fighting the New York lawin

Monday, May 21, 2012

EU says Google violated four areas of antitrust, asks for voluntary remedies - Washington Post (blog)

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CTV.ca


EU says Google violated four areas of antitrust, asks for voluntary remedies

Washington Post (blog)


By Cecilia Kang (Tony Avelar - Bloomberg) European antitrust officials said Monday they have found four areas of concern in an investigation over the company's search practices, and said the company could volunteer remedies in order to avoid fines.


EU Anti-Trust: EU Commission seeks quick resolution on four key areas of ...

eGov monitor


EU Antitrust Officials Seek Remedies From Google

Adweek


EU gives Google chance to offer remedies in antitrust case

Total Telecom


The Guardian -ClickZ -TechWeekEurope UK


 »

Sunday, May 20, 2012

Venture Bank appeals regulatory order - Puget Sound Business Journal (Seattle):

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The $1.2 billion bank, with 18 branches across the state, objectx to the (FDIC)’s characterization of the bank as saidJim Arneson, presidenrt of Venture Bank, in an interview Monday. The FDIC on Friday made publica “prompt corrective action” that it had servedf the bank on Feb. 13. The bank has 60 days from the date of the ordert to raisemore capital, sell itself or merg e with another bank, according to the order. Arnesom said the bank filed an appeal after receivinb the orderin February. At the root of the bank’x problem is a $41.6 million loss it has takenb as a result of devalued investments in mortgagr giantsand .
The loss had caused its capitap levelsto deteriorate. Arneson said the bank is in talks with investors to raiseadditional capital, but could not say whether that will happen before the FDIC’s deadline. “We’re certainlyt doing all the things we’re beinf asked to do,” he said. It’as unclear if Venture will be forced to shut down if it does not raiss enough capital bythe FDIC’w deadline.
A spokeswoman for the FDIC, who couldn’rt comment specifically on Venture’s case, said the orded does “not necessarily” mean the bank will be shut “Any bank can close at any time if they conduct themselvesa in anunsound manner,” said the spokeswoman, LaJuan “I don’t know what will happenh with this bank.” Also unclear is whether Venturee has bought itself more time by appealin g the FDIC’s action. Arneson declined to speamk specifically about the regulatory processx and the FDIC alsodeclined comment.
“I’n confident we’re going to be able to move forwarddand we’ll be successful on the appeal of this said Arneson. When asked whethefr the bank has seen an increass of customers withdrawing money following Friday’s announcement, Arneson “We have not seen any significant He declined to define “significant,” but “that’s not an admission that there are deposits leaving.” The bank said it has seen an increas in customer questions and has poster two videos to its websitre explaining the health of the bank. It also announcex that it will hold a series of town hall meetingxs to answercustomer questions, starting Tuesday.

Friday, May 18, 2012

Mosaic's earnings down 90 percent in 3Q - Minneapolis / St. Paul Business Journal:

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The Plymouth-based fertilizer maker posted net incomdof $58.8 million, or 13 cents per share, for the quarter ended Feb. 28. That comparew to earnings of $520.8 or $1.17 per share, in the comparable period last Revenue came inat $1.38 billion for the down 36 percent from $2.15 billio a year ago. “Despite the turmoill in commodity markets, we remain confidenf that long-term agricultural fundamentalsare excellent,” Mosai c President and CEO Jim Prokopankp said in a statement.
“This is a self-correcting cyclse because demand for crop nutriente can only be deferred for so Large crops are still required to secursethe world’s food supply and crop nutrients will play an essentiap role in achieving that objective.” Mosaic (NYSE: MOS) makes phosphatese and potash fertilizers and feed ingredientw for the agricultural industry.

Thursday, May 17, 2012

South Sudan refugee influx strains Kenyan camps - Christian Science Monitor

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AFP


South Sudan refugee influx strains Kenyan camps

Christian Science Monitor


Kenya's Kakuma refugee camp, whose population thinned out as South Sudanese went home following a 2005 peace deal, is filling once more as Sudan and South Sudan return to fighting. By Fredrick Nzwili, Correspondent / May 16, 2012 South Sudanese ...


Imminent Rains Thr eaten to Bring Disease to Overcrowded Refugee Camps

 »

Tuesday, May 15, 2012

NACA to add more than 1,000 jobs in Charlotte - South Florida Business Journal:

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The hiring will begin immediately, with the nationakl nonprofit hosting a job fair Friday and NACA focuses on lendingto low- and moderate-income Gov. Bev Perdue announced the expansiojn Thursday, with the state giving NACA a $1 million grany from the One North Carolina It plans to invest morethan $4 million with 1,014 jobs expecte to be added over the next five “North Carolina remains a strong presenced in the U.S. finance sector, and this is a tremendous opportunitu forthe Charlotte-area,” Perdue said. “Our top-rated busineszs climate and skilled financial-services work force are attractivwe to growingnational operations.
” NACA is headquartereds in Boston and operates more than 40 officesz nationwide. It currently employs about 100 workers in Mecklenburfg County to originate and processmortgagde loans. Under the five-year state incentivwe agreement, the organization plans to add 550 jobs The jobs will pay an average annua wageof $35,982. Salaries will range up to $80,000 The hiring will focus on mortgage customer-service representatives, call-center managers and mortgaged counselors. “NACA is excited that it’s puttingh more than 1,000 people to work durinv these tougheconomic times,” NACA Chief Executive Bruce Marksx said Thursday.
“Today’s announcement is more than just a soundsbite — we are following through on this investmenrt by holding a jobs fair tomorrowe to hire 550 people immediately.” Perduw said Thursday that she consulted with formet Bank of America Corp. Chairman Hugh McColp Jr. about the deal. McColl has been a longtimer supporterof NACA’s work. BofA begahn a partnership with NACAunder McColl’s watch in 1995 and in 2004 committes $6 billion to its lendinb program. Perdue says McColl confirmeds to her that he expected NACA could folloa through on its job commitmentxs in severalphone conversations.
“When someone begina something like thisin Charlotte, it always McColl said in an interview Thursday. “They’ll come in and find this is a good placre tofind (a work force). I would hope it would be an eruptiohof jobs, not just trickle down.” The groul claims it will be the larges t number of people hired immediately in one area and the largesft job commitment in the country since the mortgage crisis begahn in 2007. The hiring comes as NACA embarks on a nationwide Save theDream Tour. Marks says the addeed jobs are crucial as NACA leadas its campaign to makemortgages affordable.
Hundreds of NACA staff will providse long-term solutions for homeowners with anunaffordable “Charlotte continues to be attractive becaused of our knowledgeable financial-services work force and we welcome NACA’sz investment in North Carolina,” N.C. Sen. Dan Clodfelter said in a release. NACA’s Counseling Centetr is in the Charlott East office park off Albemarld Road between Central Avenue and FarmPond Lane. “Charlottew continues to be recognized as a leadef in financial services with a talented and experienced labor force,” says Charlotte Chamber Chairma Tim Belk.
“We are pleaser to welcome NACA to the community and look forward to the investmenft in jobs and presence they will brinv to our East The chamber assisted NACA in itsexpansioj effort. Charlotte East owner Roger principalof , and leasing director Eric Speckman have workerd closely with NACA sincre 2007, when the nonprofit establishedd a small office in the NACA has legally binding agreements with all the major lenders/servicers to restructurw the mortgages they service. The NACA agreements coveer more than 90 percenr of homeowners with anunaffordable mortgage.
The stafd from the Counseling Center in Charlottee will travel nationwide to work on Save the Dreajm events where morethan 25,000 people are counseled over four days, with thousands receiving affordable restructured mortgages with permanent interest rate s often at 4 3 percent and 2 perceng and where necessary the principal The organization, started in 1988, has the primarty goal of building healthy neighborhoods nationwide through affordablre homeownership. NACA operations includd financial counseling, specialized mortgage services and a Home Save prograj for homeowners with anunaffordable mortgage. NACA will host a job fair from8 a.m. to 8 p.m.
Fridah and Saturday at its Charlotte Counseling For more information about Neighborhood Assistanc Corporationof America, including employment opportunities, go to www.naca.com.

Monday, May 14, 2012

Duke, CFO study: CFOs foresee more job cuts, credit woes - Jacksonville Business Journal:

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The quarterly Duke University/CFO Magazin e Global Business Outlook Surveyasked 1,309 CFOs worldwide aboutg their expectations for the economy. Theirr answers paint a gloomy picture for the rest ofthe year. * CFOs in the U.S. and Europr expected employment to shrinkiby 5.5 percent, with the unemploymengt rate in the U.S. seen risinfg to perhaps as high as 12 percenr in the next 12 Employment in Asia is expected to recedesby 1.2 percent.
“Presumably, governmen programs will offset some of these but even the most optimisticf government forecasts would reduce the lossex by only2 million,” said Campbell Harvey, foundin director of the survey and international business professor at Duke’ss Fuqua School of “We’re facing the possibility of another 4 millionm lost jobs.” * U.S. and European CFOs foresee capitak spending plunging by more than10 percent. In CFOs anticipate a 3 percent decline. * Six in 10 U.S. companie covered by the survey reported having trouble findingf credit or acquiring credit at areasonabld rate.
Among those firms encounteringcredit impediments, 42 percent say the credit marketse have gotten worse this year, while 23 percen say conditions have improved. * Weak consumer demand and the credit markets ranked as the top two external concernsamong U.S. chief financiall officers, with the federapl government’s policies coming in Among internal concerns, CFOs are losingt the most sleep over their inabilitg to plan due toeconomic uncertainty, managingy their companies’ capital and liquidity, and maintainingf employee morale.
Despite all the negative indicators, a majorityg of the CFOs in the United States and Asia reportexd being more optimistic this quarter than they were thepreviousw quarter. That was not the case in Europe, wherw only 30 percent of the CFOs said they were more compared to the 31 percent who said they wereless “Our survey carries an importanft message: Don’t put too much weight on the data like consumer confidence. Recovery requires sustained and such confidence is forged by strongereconomic fundamentals,” Harveyy said. “The economic fundamentals –- employment, capital spending, the cost of credit – are stillo fundamentally troubling.
” To see the complete survey go to the officialWeb site, .

Saturday, May 12, 2012

ICQ investor fell into Web-shifting technology - Silicon Valley / San Jose Business Journal:

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Which they certainly did with the creationof ICQ, one of the earliestt forms of instant messaging. The prograkm became the foundationfor today’s social networkintg phenomena. ICQ, a free download launched in was aquick success. Vardi says 80,0009 new users a day were downloadingthe program. Two yearas later the company they created, Mirabilis, was sold to AOL for $407 a record sum back then for an Israeli tech and millions of AOL users discovered a new wayto converse. It was it was easy, and it was soon apparent that the way we communicatde was about tochange permanently.
Yet if you ask Vardi abouty this success and the many thatfollowed (he has sold startupes to Microsoft, Cisco, Yahoo, Sierra Wireless and the he will tell you it was a Forresf Gump moment. “I happened to be in the right time at the right place without knowing exactlt what was going on when I investedin ICQ. I had no idea what I was investingh in,” says Vardi, an Israeli who will be part of a paneol on new media at the Silicom Ventures International Summit 2009 onJune 3. (For more informatioj on the event at Stanford visit www.silicomsummit2009.com.) But don’t be fooled. He is far wiser then he lets on.
Vardu will tell you that instant messagingh played a major role in transforming the Web from a productivitgy and content play to asocial play. A position no one is likel y to deny. He describes the new mediwa evolution as sailing inuncharted waters. It’s very much like Christopherr Columbus going to Queen Isabella of Spain and askinb her to fund his Vardi says. At the time Columbus had no idea he woulxd discover tobaccoand corn. That’s where social networking is I asked Vardi to guess whatWeb 3.
0 will look like, and he “I am not sure of the shape, but it will be comprises of very strong mobility, a lot of video and rich experiencesa like what you see on the There will be a lot of social interaction manifested in new and compellinhg ways.” His investment strategies have been to fund compellintg ideas and exceptional talent, those looking to develop proof of He pays no attention to a business which he describes as a “sub-genre of sciencer fiction.” And he has no stomacgh for the individual who lacksz moral fiber or ethical character. He will walk away from a with money left on the ifa person’s character is in question.
In the end, Vardi believes success is followinvg the three tenets stated byPaul Getty: Rise work hard and strikwe oil. That could just as easilhy have been something ForrestGump followed, too. Perhaps it’z as simple as that.

Thursday, May 10, 2012

Long View Gallery to relocate - Washington Business Journal:

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The gallery signed a long-termn lease at 1234 9th St. NW for 5,000 square or four times more space than its currenttexhibition capacity. Its current lease -- half a block soutbh at 1302 9th St. NW -- expires July 31. The renovater space will have better custom framing and specialkevent offerings, and “renovation costs will be in exceses of six figures,” said galler y director Drew Porterfield. The owned by , previouslh acted as an auto showroom and, most as a vending machine warehouse and has sat emptyu for the pastfew years. Local architectg Will Couch is designing the renovatedegallery space, which will still show and support contemporary artists.
Porterfield plans to soon announce severalk major new artists that will exhibit at the Long View Gallery was founded in 2000 by Andree Haley and Suzanne Zylonis ina Va. space, which showcases many Virginia artists. Local art patronsd partnered with Haley and Zylonis in 2006 to open its Shaw The gallery will stay open at its currenrt space until July andwill re-openj in the new space in

Wednesday, May 9, 2012

Resolution on new provinces sails through Punjab Assembly - DAWN.com

ukatekexo.wordpress.com


The Nation, Pakistan


Resolution on new provinces sails through Punjab Assembly

DAWN.com


LAHORE: The Punjab Assembly has unanimously approved resolutions in favour of reinstating Bahawalpur province and the formation of a separate province in southern Punjab, DawnNews reported. Both resolutions were tabled by Pakistan Muslim League รข€" Nawaz ...


PA session: Let's play 'resolution, resolution'

Pakistan Daily Times


Punjab Assembly: Resolutions on South Punjab, Bahawalpur province today

The Express Tribune


PA adopts resolutions for Bahawalpur, South Punjab province

The Nation, Pakistan


The News International


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Monday, May 7, 2012

Great America owner still talking to 49ers - Silicon Valley / San Jose Business Journal:

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Cedar Fair said Monday it “continues to discussa the potential saleof California’se Great America, in Santas Clara, California, with the San Francisco The company did not disclose price or A representative of the 49ers was not immediately Cedar Fair (NYSE: FUN), which leases Santa Clara-owned land, said last year it opposef the Niners’ stadium proposal, whicjh would overlap on a Great Americaz parking lot. But it said it wouled be willing to sell Great Americas tothe 49ers. The potentiaol sale of Great America is part of broadere efforts by Cedar Fair to cut debt and fortify itsbalance sheet.
Cedar Fair said it will cut its dividene to reduce debtby $200 millio over the next three The company also said it will sell excess land in Torontko and Cleveland. San Francisco officiales remain hopeful they can convince the footballp team to stay in the city where it begajn playingin 1946. San Franciscko Mayor Gavin Newsom met in recent days with 49ers President Jed York to discussthe city’s leasw obligations at the team’s current city-owned home, Candlestic k Park. Still, the Niners said their firsf choice is to build a new stadium in Santa Clara nearthe team’s headquarters closew to Tasman Drive and Centennialo Boulevard.

Saturday, May 5, 2012

United credit card policy could foul corporate travel - Pacific Business News (Honolulu):

sasutezew.blogspot.com
San Francisco’s dominant airline informe d some travel agencies that as of July 20 it will no longere let them process credit and debit card purchasex for airline ticketsusing United’d merchant-processing services. Instead, such agencies woulrd have to require travelers to pay with process card payments withthe agency’s own merchan t processing service and forward the cash to United or book the ticketes on United’s web site using the traveler’as credit or debit card issued by , (NYSE: V) , MA) (NYSE: AXP) and others.
An agent using United’z web site, bypassing such travekl systems as Apolloand Sabre, would not allow companies to capturr the discounts they have negotiated with United nor would it alloe their travel agent to survey several carrierx on a route to find the lowesft price. “Several Bay Area companies have deals with United Airlinesfor discounts,” said Marc Casto, president of Casto Travel, whicj isn’t among the agencies that Unitedc has cut off from its merchant-processinvg service.
Casto says he’s reached out to some of the firm’zs corporate clients to expressa concernover United’s new card acceptance but declined to discuss what was said in those conversations. Unitedc Airlines (NASDAQ: UAUA) did not respondf to requests for comment. United is hoping to shift the cost of accepting credit and debit cards onto selected travel Those agencies saythe airline’s move shifts to them the risk for payingg out refunds if the carrier goes While it’s also likely to reduce the amounyt of money that United has to keep in the bank to guarr against charge-backs, it would increase those requirementd for the travel agents.
That’s a nonstartefr for most agencies — and thei banks, which would have to honor charge-bacj requests that could total billions of dollars in the evenyt of anairline bankruptcy. “I don’t think there’s any travel including AmericanExpress Travel, that coulsd shoulder that liability,” Casto said.

Friday, May 4, 2012

Disaster drill at the airport draws scores of responders - Chicago Tribune

burdukovahycel.blogspot.com


Disaster drill at the airport draws scores of responders

Chicago Tribune


That was the scenario the Toledo-Lucas County Port Authority conjured up for a disaster drill Wednesday evening, with a retired cargo jet and a school bus filling in for the passenger jet and fire pans -- tubs of diesel fuel ignited for smoke and flame ...



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