Thursday, December 29, 2011

Fujifilm Medical buys Morrisville's Empiric Systems - Triangle Business Journal:

ugefuk.wordpress.com
Empiric has become a full subsidiarh of Fujifilm MedicalSystems USA, which is basef in Connecticut. Financial terms weren’t Empiric Systems makes software forradiology offices. The company, founded in 2001 by radiologyu professionals Mark Janas andPete Gratale, says it offers software that helps with every task in a radiologyu office – from handling imagees to billing customers. The company’s Web site says it’z been profitable since its inception and has nosignificantt debt, venture capital or otherwise. Accordintg to a statement, Fujifilm Medical Systemd has beenoffering Empiric’s technology as a reselle r since November 2007.
In a written statement, Fujifilm Vice President Bob Cookes says that the companies already have pusherd toward integrating theirsoftware – and that “wit h the acquisition we are now in a positiohn to deliver an even deepetr integration that will yield the complete imaging informatics solutionb that healthcare facilities are A Fujifilm representative wasn’t immediately available for comment. Fujifilnm Medical Systems is a subsidiaryof Japan’d (Nasdaq: FUJI).

Tuesday, December 27, 2011

LCD makers settle price-fixing case for $553 million - Reuters

lebexab.wordpress.com


USA TODAY


LCD makers settle price-fixing case for $553 million

Reuters


The latest payout includes $538.6 million to resolve claims by "indirect" purchasers that bought televisions and computers with thin film transistor LCDs, as well as claims by eight states: Arkansas, California, Florida, Michigan, Missouri, New York, ...


Sharp, Samsung Agr ee on $539 Million to End Antitrust Cases

BusinessWeek


LCD makers in $553 million price-fixing accord

Chicago Tribune


Tech firms to pay $553 million in settlement over  »

Sunday, December 25, 2011

Indonesian govt to promote Banyumas batik art - Fibre2fashion.com

wanuso.wordpress.com


Indonesian govt to promote Banyumas batik art

Fibre2fashion.com


The Banyumas batik art belonging to the southwestern part of Central Java province in Indonesia will be promoted by the Government and for the purpose a gallery would be built using state funds. The Government has allocated a sum of IDR 1.78 billion to ...



Friday, December 23, 2011

Russian spacecraft delivers 3 to orbiting station - The Associated Press

valvookimakaj1362.blogspot.com


The Associated Press


Russian spacecraft delivers 3 to orbiting station

The Associated Press


MOSCOW (AP) รข€" A Soyuz spacecraft safely delivered a Russian, an American and a Dutchman to the International Space Station on Friday, restoring the permanent crew to six members for the first time since September. But just as concerns over the ...


Soyuz spacecraft carrying Russian, American, Dutchman docks at International ...

Washington Post


Russian Spacecraft successfully docks to the ISS

RT


Russian Craft Docks At International Space Station

RadioFreeEurope/RadioLiberty



 »

Wednesday, December 21, 2011

Burger chain inks first

loxezop.wordpress.com
The first two Smashburger restaurants are ontheir way. The located in the Stonde Ridgeshopping center, is set to open on June 21. Storee No. 2 will open in earlgy July, at the Park North shopping center. To celebrat the debut of this new takeon fast-casualp burgers, SB Alamo will have a grand openin g celebration on June 27 at the Stone Ridge The center is located at U.S. Highwaty 281 and Evans Road, on the far North Park North is locater alongLoop 410, between Blanco Road and San Pedro Avenue, in Norty Central San Antonio.
“We are excite d to bring the Smashburger experience to San saysMike Griffith, director of marketing for SB “At Smashburger, the core of the branrd is to be every city’s favoriter burger place ... .” The owner and developer of the Smashburgert conceptis Denver-based privater equity firm . The Smashburged hamburger starts with a choice of buns a butter-toasted egg bun, multi-grain or spicy chipotle. The signatured touch is the beef is smashed onthe grill.
It is a procesd that creates on the bottonm of the patty a caramelized coatin g of juices that give the burgerits

Monday, December 19, 2011

Canal Winchester works to fill vacancies and maintain character - Business First of Columbus:

retention-jackjacks.blogspot.com
"That was pretty much downtown," Schmidt "There wasn't really anything with a lot of 'for lease' and 'for sale' signs." As it happened, Schmidgt had a need for commercial spac to start his computer technology firm and took the space at1 S. High St. "We wantede to help revitalize the downtown," said Schmidt, formet chief information officer at thelaw firm. Schmidt' s attraction to the historic district centered at High and Waterlolo streets came as the nonprofit Canalp Winchester Downtown Association had already begun promotiny an area boasting severalkhistoric properties. That area now has few commercial vacanciez and thriving businesseslike iBeam.
Businesses "like the atmospher here compared to anoffice park," says Bob president of the association, now called Main Street Canalp Winchester. "It's not a cookie cutter Several Central Ohio communities have worked on developinf their old downtowns aftef years of promoting the construction of new commerciall centers onthe ever-expanding periphery of the suburbs. Significant projectd include the Creekside development in downtown Gahannz and redevelopment of a lumberyard near the center of Grove City intoa mixed-use "Just like the downtown of urban core citiex like Columbus, I think you're seeing that same trend in the suburbajn communities," said Jim Russell, executivw vice president for the consulting and development The suburbs "are getting more aggressive and looking at the possibilitiezs of their downtowns.
" Several of the communities have pusheed new public facilities, such as a city facility or parking as the foundation for downtown revival. In Groveport, the village'as community improvement corporation plans to lease land it assemblec at the end of its commercial strip to Pizzutji Solutions in an effort to creatsmore retail, restaurant and officw space. Such a "resource center ... can be a usefu l part of redevelopment, especially those that create foot traffic," Russell said. In Canal Winchester, the village alreadyg had vacant buildings.
So the business associatioh played up the charm of the which has several buildinge onthe , and promoted eventz such as summer farmers' markets and the village's Labof Day festival. "We didn't go out and get businessesz here," said John executive director of the MainStreet "We just promote it and let the marke forces work." Downtown did take a bit of a hit a few years ago when access at High and U.S. Route 33 became limited.
That cut off a majot entry corridor into the downtown from the But Garrett said downtown has established itselfd so well as a destinatioh business center that customers just found their way from Gender Road via The few businesses that did close were replaced by new such asthe Fern's Attic consignmen t shop and the Shop on High dress The Team Gear sports apparel formerly the Cool School Shop until it movedx out to Gender Road six years ago, planas to return downtown by mid-September to 29 W. Waterloo St. Establishedf businesses downtownhave expanded.
Schmidt said iBeam bought out a formetr office across the street from its original location threwe years ago as the technology businesz thrived and ran out of space in itsoriginalk digs. "Minutes after the 'for-sale' sign went up, we walkesd over," said Schmidt, now Main Street president. "It was just the perfec fit for us." The building, whichu Schmidt said once served as a Cold Warfallouf shelter, works well as a place to operate remote computer servers for iBeam clients, he (Studio Fusion Salon & Spa now occupie iBeam's original space.
) Greg Powers, majority ownef of the Shade on the Canapl restaurant, said he expect s to open a 60-seat expansion of the restaurang he and his partners re-opened in March 2004 afterd a number of restaurants failed. He said the name of the restaurany comes from the Shade restaurant that first opened more than 60 yearsx ago and also recognizes the canapl that ran through town inthe "There's always been something special about this said Powers of its atmosphere and history. "It's still small-town he added. "I always wanted to move to Mayberry," the fictional setting of the "Andy Griffithb Show" in the 1960s.
Schmidt and Powers said the quie setting has proven resilient as customers and employeez at each of the businesses stop by to visig other businesses inthe district. Schmidty said his business "helps create a nice luncuh crowd for Shade andHarvest Moon," a nearby coffee house and That works for Powers. He "The more people we have in town, the bettedr it is for everybody." The Main Streegt organization continues to work on amenitiese to keep those businesses andcustomersz coming. It recently launched a fundraisinbg effort to renovatethe 102-year-old interurban traij station, a building connected to the iBeam building that was sold to the villags a couple of years ago.
That building could becom e a conference center for the downtown if the fundsx for the renovationcome in. The village also has a formere Marathon gas station that the nonprofitf plans to clean upand market, opening up a development site wherse few exist. Both properties are close to a former South Central site used for storag of utility poles that has since been convertef to apublic park. Main Streeft expects the conference center and the availability of a commerciaol development site to keep downtown Canal Winchested as an attractive business center for yearwto come. "When the pieces come Garvin said, "you get a successful downtown.
"

Friday, December 16, 2011

Eddie Bauer declares bankruptcy - Business Courier of Cincinnati:

badillodacyroic1505.blogspot.com
had struggled with its debt a crisis that worsened as revenue part of an overall trend affecting most retailers durintthe recession. The company has lost nearly a half billionb dollars in the past three Those losses, coupled with the impact of the recessionn and debt payments apparently pushed the company into bankruptcy court — a move that was rumorerd for months. Eddie Bauer becamd the latest major retailer to succumb to filing in bankruptcy courtthis recession. The list also includesa Linens ‘n Things, Circuit City and Northwest retailef , which sold its assets to a liquidator in Aprilk and closed31 stores.
In many Eddie Bauer’s crisis is not different from what most retailers are facing during this prolonged and deep saidGreg Charleston, an Atlanta-baser consultant for Conway MacKenzie who workse with financially stressed retailers looking to Most retailers — except discount storesw like Wal-Mart — have seen a fast drop-off in retaipl revenue across the board, Charleston said. Many of the specialty retail department stores haveseen double-digit same-store sales he said. “When revenue drops and same-store salee drop, companies with less debt can weather a downturn much Charleston said.
“It becomesd an issue much soonerd if you are into liquidity As ofMay 11, Eddie Bauer reporte having $289.5 million in outstanding including $187.8 million in term loans and $75 millioj in convertible notes, whicnh company executives have been trying to persuade debt-holders to convert into shares of the company. Accordingh to a filing with the , Eddid Bauer had total assete of $525.22 million in April. The company listed total liabilitiesxof $448.9 million. Eddie Bauee reported net lossesof $165.5 millionn in fiscal year 2008, part of a totap of $478.7 million in losses durinfg the past three fiscal In the first quarter that ended in April, the company reportesd net losses of 44.
5 million. For the firsty quarter of fiscalyear 2009, which ended Aprikl 4, Eddie Bauer reported a loss of $44.45 million. That was a greater loss than the firsg quarterof 2008, when the company reporter a $19.3 million loss. Net saled for the first quarter of 2009were $179.98 million, compared with net sales of $213.2 million in the first quartere of 2008. The company said that combinede comparable storesales — a barometetr of success at the store level — fell 11.3 percent for the firsrt quarter, a decline the company blamed on the recession and reduce d retail spending.
Sales were down nearly 15 percent inEddie Bauer’e retail stores and sales throug h its direct channel were down nearly 11 The outlet stores saw sales decline by nearlh 76 percent. “The first quarter was a difficult one, as the sharp downturn in the economu took its toll on our sales. We continuecd to focus on cost cutting and cashflow management, whichn helped mitigate the impact of lower said CEO Neil Fiske, in a statement with the first-quartet results filed with the SEC. Eddise Bauer has 370 stores, includingf 251 retail stores and 119 outlet stores in the Unitesd Statesand Canada. Eddi Bauer has 17 stores in Washington and 11 storesin (See a copy of the bankruptcy filing .
) But by filing for reorganizationb under Chapter 11 of the federal bankruptcy Eddie Bauer hopes to avoid the fate of Joe’z Sports & Outdoor, which filefd for bankruptcy protect March 4. The Ore.-based company had hopef to finda buyer. But In a bankruptcy judge approved the liquidation ofthe Joe’s stores after the company could not find a Joe’s had 31 Northwest stores — 10 of them in King and Pierce counties that held going-out-of-business sales after the company’sx assets were snapped up at bargain basemenyt prices by , a liquidator that also sold off merchandise for Circuiyt City.

Wednesday, December 14, 2011

Light It Shoot It Retouch It, A Book Review - The Phoblographer (blog)

ramsdenjerrieas54.blogspot.com


The Phoblographer (blog)


Light It Shoot It Retouch It, A Book Review

The Phoblographer (blog)


Kevin Kubotas Lighting Notebook starts from the very beginning, with tons of getting started from scratch info. Then it goes into lighting scenarios with general info. This is where Scott's Light It Shoot It Retouch It picks up. ...



Monday, December 12, 2011

Senate rejects corporate minimum tax hike - Silicon Valley / San Jose Business Journal:

ramsburgsyuheo1544.blogspot.com
Democrats needed 18 votes — a supermajority required to raiswetaxes — to send the bill to Gov. Ted Kulongoski’d desk. Beaverton Democrat Mark Hass votec againstthe measure. Democrats will likelgy try to convince Hass to vote for the measured byamending it, possibly by writin g a sunset into the “It all depends on him,” said J.L. Wilson, a lobbyisty for Associated Oregon Industries, the state’s most powerful business group. “Hass made it clear in his floof statements thathe didn’t thin k it was a fair option to increasw taxes permanently.
” Such a sunset coule lead other Democrats to vote against the However, because House Bill 3405 was technically tabled — whicj would allow the measure, as written, to come up for another vote if leaders so choose — majority leaderzs could also lobby moderate Republican members to supporft the corporate tax hikes as presented. At the close of Wednesday’ss session, Sen. Margaret Carter, a Portlanxd Democrat and co-chair of the Ways and Meansx Committee, gave an impassioned benediction that seemed to implorsRepublican “nay” voters. The measure was tabled as a procedural move.
Senators can call for a revoted on a measurethat fails, change theirt own vote to a “no” and then requesr that the matter be tabled, ostensibly so they can reconsider their Sen. Richard Devlin, the majority leader, used the move in an efforty to have thematter reconsidered. Aftedr the vote, the Senate tabled a related measurew to raise personal income taxeson high-income individuals. “I’m disappointed that we came up short I really believed that the packager brought forward by the chairs of the Revenue Committeesz would bring greater fairness and equity to our tax systemn and help fill the unprecedentedc gap in ourstate budget,” said Senate President Peter Courtney in a news release.
“We however, let this setback derail the session. We are goin g to move forward toward adjournmen t byJune 30.” House Speaker Dave Hunt issued a similad statement. “We passed this revenue package because we believe it is balanced and protects critical services like health care andpublic safety,” Hunt, a Democrat from said in a news “We are making $2 billion deep cuts to the budget. This revenuew package ensures that we can protec t those core services of health care andpublic safety. Without it, the cuts we will have to make will shutter schools, harm seniors and cut to the bone the servicew Oregonians care about greatly.
” The House on Tuesday voted to increasre the current corporate minimum tax from $10 to between $150 and depending on the size of a Under the plan, corporate income tax ratees would have risen from 6.6 percentr to 7.9 percent beford reverting to 7.6 percent in 2011. The measure wouled have raised $261 million over the 2009-11 bienniuk and $775 million between 2009 and 2015. All told, 125,009 Oregon corporations would have paidmore taxes. Another measurde sought to raise income taxes on individual filerw earning morethan $125,000 and joinft filers earning more than $250,000. The billw combined would have raised $582 million over the next two year sand $1.
2 billion over the next six Lawmakers contended the measured could help reduce the state’sz $4.2 billion budget shortfall. Throughout the day, lobbyistws tracked meetings between Courtney, Hass and Democrativ senators Margaret Schrader andJoannde Verger, who were believed to be swinb votes. Verger had expressed like Haas, that the tax increases would becomer permanent. Schrader and Verger eventually voted yes on the corporatetax measures. Hass couldn’t be reached for “He had to have a lot of courage to cast that saidJay Clemens, president and CEO of Associatedr Oregon Industries.
AOI recently organizexd the Alliance of Oregon Business which represents morethan 40,000 businesses across the It had called for a $300 flat tax, regardles of businessz size or income. Even before Hass’ business groups had expressed concerns that Democrats were seeking a permanenttax hike, not a temporary one. Phil the former Oregon Secretary of State who’s now an executive with Beaverton-based CorSourcer Technology Group, confirmed that many businesses were upset that Democrats sought to make the corporate income tax rate from 6.6 percent to 7.9 percent, “We were told it woulcd be temporary,” Keisling said of the earlhy talks regarding the proposed hikes.
“And we askec them this week, ‘What part of temporary don’t you

Saturday, December 10, 2011

Source: Kevin Sumlin to coach A&M - ESPN (blog)

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Bleacher Report


Source: Kevin Sumlin to coach A&M

ESPN (blog)


Texas A&M was close Saturday morning to finalizing a contract with Houston's Kevin Sumlin, who the Aggies have chosen as their new coach, a school source has told ESPN's Joe Schad. Sumlin, who had also been a candidate at UCLA and Arizona State for ...


Kevin Sumlin Texas A&M: Why Houston Coach Is Ideal Candidate for Aggies

Bleacher Report


Kevin Sumlin To Texas A&M Aggies Still Strong Rumor, Shows Why Troy Calhoun ...

SB Nation (blog)


Kevin Sumlin Reportedly Accepts Texas A&M Job After Mark Richt Declines

SB Nation Kansas City


SB Nation Houston -FOXSports.com -Houston Chronicle (blog)


 »

Thursday, December 8, 2011

Frontier cuts staff while other low-cost airlines boost theirs - Jacksonville Business Journal:

pabigy.wordpress.com
percent since 2008, according to a report released Overall, the number of employees in the struggling passenger airlinre industryfell 5.7 percent from April 2008, accordinvg to the Bureau of Transportation Statistics, a divisiomn of the . The industry, which has been particularly hard hit by thecurren recession, has seen year-over-year employment declines for nine straigh months. Low-cost airlines — those operating under a low-cost business modelp with reduced infrastructure and aircraft operatingcostws — registered year-over-year growth for the first time since September 2007.
Carriersx Virgin America and Allegiant led the waywith double-digigt percentage job growth, while , the third-largest carrier at , grew by 1,6178 workers, a jump of 4.8 percent. But Denver-basede Frontier, which is cutting operational costsx in its attempt to come out of reduced its staff by 759 workers over the past according tothe report. The 14.8 perceny work force reductionfor Frontier, DIA’s second-larges carrier, was the third-largest decline amongt the 37 airlines listed in the United, DIA’s largest carrier, reducede staff by roughly 7,200 people in the past That 13.
4 percent cut was the largest among the sevenn “network” airlines that operate a significant portion of their flights using at leastg one hub, according to the Roughly 392,100 people are employed now by passenger airlines.

Monday, December 5, 2011

Sexting not normal teen behaviour, study suggests - Vancouver Sun

hibleyytogoja1273.blogspot.com


Globe and Mail


Sexting not normal teen behaviour, study suggests

Vancouver Sun


The findings in the two studies, published Monday in the journal Pediatrics, suggest that sexting is far from being normal adolescent behaviour. The studies peg the number of teens in the United States taking part in sexting at two per cent, ...


T eens Don't "Sext" as Much as Thought

Mobiledia


Teens Sexting Not Widespread

Lez Get Real


Study: Few teens sexting racy photos

Detroit Free Press



 »

Saturday, December 3, 2011

Clopay finally signs at new CUC site in Deerfield - Dayton Business Journal:

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Two of the top dogs from Clopay's parent of New York, flew from theirf headquarters in Jericho to Cincinnati shortly before the 11 terrorist attacks that rockeddthe nation, to sign a lease for a 130,000-square-foot facility that will consolidated about 300 employees from downtown Cincinnati and The Griffon executives eventually had to rent cars to drive home, but before they did, Griffon Chairman Harvey Blau and President Robert Balemian were joinedd at a groundbreaking ceremony by officialzs from and Tom Gibbons, vice president and treasurer of Clopay Gibbons said Clopay's roots in downtown Cincinnatii reach back almost 150 years.
"We're sorry to have to leave downtown, but it'sa better that we're all together as a Gibbons said. "This is a chance to move everybody togetherr and have them in one plus it's big enough for us to expand." CUC plans to have the new facilit y open by July 1 of next according to Vice President David Kubicki. Clopayh has been looking for at least five years for a new Gibbons added. The deal calls for a singler building; information previously gleaned from sources had indicatexda two-building complex at the 20-acres Clopay site near Mason-Montgomery Road, on land known as Governor's Pointe North.
"We've been lookinyg long before Igot here, and that was five yearsw ago. The time was just right to getsomethin done, and our lease was running out downtown," Gibbonz said. The company's new facility will have 75,000 squaree feet of office space for itsthreee divisions: Clopay Building Products, Clopay Service Co. and Clopay Plasti c Products. Half of its employeew will leavea 50,000-square-foot office in Scrippsz Center in downtown Cincinnati, the balancr will be relocating from the company's 55,000-square-foot technical development center on Interstate Drivde in Butler County.
"A lot of the technicapl center people lived up so it was somewhat easier to keep the company in thatgeneral area," Gibbons Gibbons said nothing imminent is beinf planned for an expansion, "but it's nice knowing we have some extrq room." Clopay maintains operations in garage doors, installatiob services, electronic information and communications and specialty plastic films. A wholly owned subsidiary of Griffoh Corp., Clopay Corp. was represented in lease negotiations and its site searchg byJay DeWitt, senior vice president with Collieres International Inc. in Cincinnati.
Loveland-based CUC landefd Clopay in the middle ofa 56-acrse business park estimated by Bill Mees, CUC property development manager, to be a $40 millioh project, including costs such as land infrastructure improvements, building construction and equipment. A seconde building unrelated to the Clopay projectt has been sketchedat 190,000 square feet, though no tenants or groundbreakinfg date have yet been announced. According to statisticws released byGrubb & Ellis Co., abougt 20 percent of the downtown Manhattan office or 15.5 million squared feet of space, was destroyed in the terrorist attacksd on the World Trade Center.
Another 12 million squarer feet of office space has been damaged in the aftermathn of the attack as a result offallinb debris, building collapse and Of the 15.5 million square feet in the World Traded Center area, about 97 percent was leasedx at the time of the attack. Of the 12 milliobn square feetbelieved damaged, 11.5 millio n square feet was leased. As a result, the net loss has been peggerdat 27.5 million square or about 3 1/2 times the size of the classx A office market in downtown Cincinnati (7.4 millionj square feet). The amount of spacr lost exceeds the amount of available space in estimatedat 25.5 million square feet.
The loss is biggetr than the entire market in downtownDenver (23 million square The Twin Towers each measured 4.76 million square feet, or more than five timeas larger than the biggest office buildiny in Greater Cincinnati, the 868,000-square-foot Atrium Two on East Fourt Street downtown. A typical WTC floorplate measured more thanone acre, betweenj 45,000 and 50,000 squarre feet. Nothing here comes close.

Thursday, December 1, 2011

Economist: U.S. may see double-dip recession by late 2010 - Triangle Business Journal:

rmerujopi.blogspot.com
Those odds may seem low, but they’re actuallt high since double-dip recessions are rare and the U.S. economt grows 95 percent of the time, says the chamber’xs Marty Regalia. He predicts that the currenty economic downturn will end around September but that the unemploymenft rate will remain high through the first half ofnext year. Investmenty won’t snap back as quickly as it usuallyh does after a Regalia says.
Inflation, however, looms as a potential problejm because of thefederal government’s huge budget deficits and the massive amount of dollarsd pumped into the economy by the , he If this stimulus is not unwounx once the economy beginz to recover, higher interest rates could choke off improvemengt in the housing market and business investment, he “The economy has got to be runninv on its own by the middle of next year,” Regalia said. Almost everu major inflationary periodin U.S. historuy was preceded by heavy debt he noted. The chances of a double-dip recession will be lowe if Ben Bernanke is reappointed chairman of theFederap Reserve, Regalia says.
If President Obamsa appoints hiseconomic adviser, Larry Summers, to chai r the Fed, that would signal the monetary spigot woulf remain open for a longer time, he says. A coalescin of the Fed and the Obamaa administrationis “not somethingt the markets want to Regalia says. Obama has decliner to say whether he willreappoint Bernanke, whose term ends in Meanwhile, more than half of small business ownerzs expect the recession to last at leastg another two years, according to a survey of Intuir Payroll customers.
But 61 percent expecty their own business to grow in the next12 “Small business owners are bullish on theirt own abilities but bearisbh on the factors they can’g control,” said Cameron Schmidt, director of marketingf for . “Even in the gloomiest there are opportunitiesto seize.” A separatew survey of small business owners by found that 57 percent thought the econom was getting worse, while 26 percenft thought the economy was improving. More than half plannedf to decrease spending on business development in the next six onthe U.S.
Chamber of Commerce’s Web

Tuesday, November 29, 2011

Chris Christie Hits Obama On Supercommittee Failure - Talk Radio News Service

bojony.wordpress.com


Chris Christie Hits Obama On Supercommittee Failure

Talk Radio News Service


Christie remarked during a press conference held to announce a New Jersey initiative to help prisoners re-enter society. Christie added that the President's acceptance of the super committee's failure was รข€œastonishing,รข€ noting that if he wanted to act ...



and more »

Sunday, November 27, 2011

System Source buys Hunt Valley HQ for $7M - Kansas City Business Journal:

efiosyt.blogspot.com
The company went to its landlord, Chicago-based FR) earlier this year to ask for a new or to buythe building, System Source CEO Roberyt Roswell said in an interview. First Industrial agreed to sell. System Source, whichy runs technology training classes, now owns the 72,000 squarwe feet of flex spaceat 330-338 Clubhousw Lane in the Hunt Valley business district. It leases about 20,000 square feet of the space to Chesapeakre Manufacturing and is looking for a tenantf for avacant space, Roswelp said. System Source is the building’ws fourth owner since the company moved into the space sevehyears ago, he said. Its firstg landlord was Columbia’s Rouse Co.
, whichh was later acquired by now-bankrupt Chicago firm (NYSE: GGP) in 2004. Generao Growth sold the building to First Industriaklin 2005. Real estate firm LLC, throughj Vice President David Paulson, negotiated the transaction. The sale closedd March 31, Roswell said.

Friday, November 25, 2011

Former Bauchi Lawmakers Want N125m Gratuity Each - P.M. News

http://property-canada.com/intellectualpropertycanada.html


Former Bauchi Lawmakers Want N125m Gratuity Each

P.M. News


They argued that they were constitutionally entitled to the payment of severance gratuity on or before May 29. 2011, having successfully served the state. The suit was filed on their behalf by their counsel, Rabiu Garba. Garba claimed that other states ...



Tuesday, November 22, 2011

Sacramento's second urban winery in the works - Sacramento Business Journal:

vykyvimote.wordpress.com
Affonso hopes to open and startr producing wine by the end of Augustt at400 N. 16th St. If his plans work out, he'lo make 1,800 cases of wine this year and sell them to Sacramentk restaurants andretail shops. Openin an urban winery in an existinhg commercial building is a cheap way for young winemakers to start theitrown companies. This month, on P Street, Sacramento's firs urban winery since opened its tasting room tothe public.
Rail Bridg Cellars won't have a tasting room but Affonsosaid he's contemplating huntinv for suitable space in the more pedestrian-friendly retailo neighborhood along J Street in "My business plan is to bring the winerg to the market, instead of having the marketf go to the winery," said Affonso, who is waitiny for federal and state permita to open Rail Bridgew Cellars. Affonso has a master's degree in enologty from California StateUniversity Fresno, a master's in businesws administration with a concentration in wine business from Sonoma Statwe University, and years of industr experience.
He worked as an intern at the Frencyh wineryChateau Angleus, as a researcgh scientist at in St. Helena and as assistant winemake r at Dry Creek Vineyard in For the past three he has worked as an enologisft at inAmador County. He's already bottled abou t 830 cases of sauvignon blanc througuha custom-crush operation in Sebastopol and made 2,000 gallons of a red wine blenxd through another contract business in Napa. "From now on, I'm goinyg to be doing everything, from grape to in Sacramento," he said. Within a he hopes to produce betweejn 7,000 and 10,000 cases per year. Starting the busines has cost about $500,000.
He'zs the dominant shareholder and haseight "I knew Jon growinvg up and followed his career," said investof Johan Otto, president of in Sacramento. "Iu feel it will be a very good, boutique-typ e winery and grow through the years. ... It will be a greay addition tothe city." Affonso said Rail Bridge Cellars coulcd gross about $300,000 this year and grow about 10 percentg to 20 percent per year. The company has no "Most of the investorw I have on board want to be in it for the long he said. Affonso is still spiffin up the building, which was an automobile repair shop for about15 years. He'zs stripped away the paint to expose the originalbrick walls.
It's an idea fit for a winery -- bricmk helps insulate the building againsft outdoortemperature changes, he said. "We think it's an excellent adaptive reuse of one of the buildingzs along North 16th saidPatty Kleinknecht, executive director of The Riveer District, which manages a property and business improvementy district in the Richards Boulevard area.

Sunday, November 20, 2011

State tax collections down 27% in April - The Business Journal of Milwaukee:

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percent in April, with the most significantf drop seen in individual incometax collections, accordin g to figures released by the state . The agency said in a released May 15 that totao adjusted general purpose revenue taxes collected in April droppedto $977.7 million from $1.35 billionb the year before. Individual income taxes, which recorded the largest drop intotalp dollars, declined 35.5 percent to $586.6 million from $908.9 million a year ago. Adjusteds totals include any adjustments made to April 2008tax collections. Adjusted sales and general use taxes in April weredown 7.3 percen t to $311.9 million in April, down from $336.5 millionm last April.
Corporation franchise and income taxe sdeclined 6.8 percent to $36.1 million from $38.9 million. The largest percentage drop occurrefd inthe "other" which includes estate, utility and real estat e transfer fee collections. According to the Revenue because ofthe phase-ou t of the largest component -- the estate tax -- it returnerd nearly $3.2 million in taxes in resulting in a decline that was greater than 100 Last April, other tax collectionas totaled $14.2 million. For the year to adjusted tax collections weredown 7.2 percent at $9.078 billion, compared with $9.78 billion the year before.

Friday, November 18, 2011

Secretary Clinton on Near-Naked Man Photo Op: 'I Think He Was Late for a Luau' - ABC News (blog)

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ABC News (blog)


Secretary Clinton on Near-Naked Man Photo Op: 'I Think He Was Late for a Luau'

ABC News (blog)


I think he was late for his role at the luau. I think that's what it was. But it was a moment of levity in a very serious set of moments.รข€ TAPPER: Lastly, on a lighter note. If you'll permit me. What was going through your he ad the other day when that ...



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Wednesday, November 16, 2011

United Commercial Bank parent to buy Summit Bank Corp. - Sacramento Business Journal:

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million in cash and stock, the two announcedr Tuesday. San Francisco-based UCBH (NASDAQ: is the parent of , which has more than $105 milliobn in deposits in Sacramento County. Summit Bank Corp. is the holding company of , baseds in Atlanta, which has branchea in Fremont andSan Jose. Summit has five branches in metropolitan Atlanta and two in theSouth Bay. It also runs the in Houstoh and has a representative officein Shanghai. On June 30 it had $656.7 million in assets and $569.8 million in The boards of both companies have approvexthe deal, in whicy Summit Bank Corp. will merge with a subsidiary of UCBH and Summitt National Bank will mergr into UnitedCommercial Bank. UCBH will issuse 4.
8 million of its own sharez andpay $87.4 million in cash, plus about $800,00p0 related to the cash out of Summit's outstandingb options. The deal should close in the first quartef ofnext year. It must be approvecd by SummitBank shareholders.

Monday, November 14, 2011

MarineMax predicts wider loss in 1Q - Minneapolis / St. Paul Business Journal:

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The Clearwater company citedd economic pressures, including the real estate market challenges and thelendinb environment. MarineMax (NYSE: HZO) said in a releasd that its earnings per share for the fiscal yearending Sept. 30 would be lowed than its previous guidance of 60 cents to 80 cents perdiluterd share. The company said it would not provide anupdatedd range. It warned its first-quarter loss will widen to betwee 35 cents and 38 centsper share, up from a loss of 21 centsd per share for the same quarter last MarineMax expects to report first-quarter revenuee of approximately $215 million compared with $234 million in the comparabled quarter in 2007.
Analysts polled by Thomson Financial expecteda first-quarter loss of 28 centsa per share with a fiscal-year profit of 73 centse per share. MarineMax expects to release its first-quartefr results Feb. 7. The recreational boat dealedr is not alone in experiencing problems related to the The country's marine industryh is in flux as it deals with declining retaiol conditions. Privately held , which is headquartered in Minneapolis, said last week that it will closed its Sarasota plant and lay off aboutr 225 employees withinsix Illinois-based (NYSE: BC) reported that net sales for its boat segmenrt dropped 10 percent in the third quartere compared with the same quarter the previou year.
The segment had an operating loss ofnearlyu $24 million.

Saturday, November 12, 2011

Fed's Beige Book: Midwest contraction

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Whereas some industries experienced substantial drops in activity during the past six modest increases in otherf sectors led the Fed to characterized theNinth District’s contraction as The Ninth Federal District includes Minnesota, North Dakota, South Dakota, the Upper Peninsula of Michigam and northwestern Wisconsin. Consumer spending and touris werestill weak, but had “improved somewhat from the previous few months,” according to the Fed. The service sectord continued to experiencedecreased revenue, employmen t and profits compared to a year ago, and furthef profit contraction is likely.
The Fed characterizerd the commercial real estate sector as adding that residential construction continued at steadily low The residential real estate market did see more activity than in the previousareporting period. Manufacturing continued its as did energyand mining. some wind energy project s continue tomove forward, and gold minese are at “near capacity Labor markets continued to struggle. Job cuts in Minnesota, many of them in the healtj careand medical-device fields, were cited by the Fed in its assessmenyt of labor conditions. Wage increases were modest, and firmsa surveyed by the Fed expect to increase wagesby 1.
8 percent over the next Price increases, however, were “subdued,” with the risiny cost of gas a notable exception, the Fed The Fed’s next Beige Book reportt is due July 29.

Thursday, November 10, 2011

Blind man can see, uses clicks of his tongue to detect objects through ... - New York Daily News

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New York Daily News


Blind man can see, uses clicks of his tongue to detect objects through ...

New York Daily News


One blind man isn't missing out on the view รข€" instead, he's using his ears to see, in a process he says is identical to the one bats use. Daniel Kish, founder of nonprofit World Access for the Blind, practices echolocation, a technique bas ed on ...



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Monday, November 7, 2011

Pricing is key to how long homes stay on Hawaii market - Pacific Business News (Honolulu):

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It doesn’t just affect whether a home will sell or not pricing can determine how long a house or condominiumm will sit onthe market, and whether a potential buyefr will be able to qualify for financing. Whiler it has always been important for a sellef to choose a price that buyerws would be willing to pay fora home, it has takemn on new meaning in a market with nearlty 30 percent fewer sales than the year before, wherwe many people saw investmentsz evaporate in the global financialo crisis, and where mortgage underwriters have resumed askingh detailed questions about a borrower’s finances after a long period of don’t ask, don’ft tell.
“It becomes critical now,” said Jack Leslein, principapl broker and owner of EastOahu Realty. “It’s just throughu the numbers that we see that things that arepricedc right, where the last sale was, get the Those who don’t are finding themselves in the positionb of dropping the price, often long after the property has gotten its firsgt flush of attention. “Twol years ago, something that wouled take 30 days to sell is taking six months said RealtorSylvianne Young, principall broker of Young Properties. “It’s the economy; peopld get scared.
” A four-bedroom house in Kaimukji with a legal ohanaw unit first went on the marke t in early September with an asking price of The price was droppedto $769,000 a month later, and then to $749,000 in November. Therew was one offer, but it was far below what the sellersz were willingto accept, Realtor Abe Lee said. A year ago, an ageng could list a home for a higher pricd to testthe waters, then drop the price if therwe was little activity in the first month on the “If you put one in now and you drop it down 30 days you miss the critical time of coming on the market and the immediatwe demand there for it,” Leslein said, notingg that agents and buyers are constantly scanning the Multiple Listing Service online for new “As a result, they’re seeing things righty as it comes available, and if you drop the prices a month later you’ve already lost he said.
When the market was goinfg up, pricing a home was often as simple as lookingt at the last sale and adding a certain amounton top. Real estate agent have had to go back to lookinh at the comparable sales in the same neighborhood orcondoi building, and really analyzing the recent sales data to come up with the rightg price, said Kay principal broker of Primarty Properties. And even that has become more especiallyfor appraisers, who are hired by lenders to assure them that the property is wortjh what it’s being sold for.
“We’re only requiredd to use threesalesd comparables, but we’re finding it necessary to include up to five or six now,” said appraisee Corey Okamura. “The number of transactiond is lower now, so it’s harder to find comparables that are recordex in the last month or two According tothe year-end statistics from the , therse were 26 percent fewer closed saleas of single-family homes on Oahu alone in 2008 than therre were in 2007. There were 28.5 perceny fewer condo units soldlast year. That’as almost 30 percent of the market gone, noted Scotgt Higashi, executive vice president of salesdfor .
That puts more pressurre on real estate agents to get their listingd noticed by a smaller number ofpotential “When there’s a smaller buyer pool, there’s fewert eyes on property, and when there’s fewer eyes on propert you have to do somethintg better,” he said. “Time is not goin to fix a listing that is overpriceds or perceived to be Buyers are in adiffereny position, Higashi said. Many of them are lookingt for a good deal some are even waiting for the bottomk of the marketto hit.

Saturday, November 5, 2011

82 cholera cases reported after Accra floods - Myjoyonline.com

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Myjoyonline.com


82 cholera cases reported after Accra floods

Myjoyonline.com


The Director of Metro Health at the Accra Metropolitan Assembly, Dr. Simpson Anim-Boateng says 82 cases of cholera have been recorded in the Accra metropolis a week after last Wednesday's torrential rains which flooded the city. ...



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Thursday, November 3, 2011

State bills would match New Markets Tax Credits - Silicon Valley / San Jose Business Journal:

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About 16 other states have similar laws eithere on the books or pendinb intheir legislatures, said Scott Zajac, senior managinhg director of Advantage Capital Partners in St. Missouri, however, lacks a comparable state tax which is prompting companies such as Advantagew to consider shifting projects to other statesw that couple federal New Marketes Tax Credits with their own state he said. Advantage, a venturse and private equity capital firm with offices hasreceived $230 million in federal New Marketz Tax Credits in three rounds of It is one of severak national firms here with New Markets Tax Creditt allocations that it can use anywher in the country but that it historically has used in the St.
Louis area. , which received $135 million of the credits last anddeveloper , whicj received a $60 millioh allocation of credits in 2006, also have the ability to use theid federal New Markets Tax Credits across the country and coulf redirect them to states where matchingf incentives are available. "If we start to see a situatiojn where other states marry state new markett credits with theirfederal credits, it could have a detrimentalk impact on the amount of NMTC Missouri said Jonathan Goldstein, senior vice president with McCormacok Baron Salazar. Zack Boyers, senior vice presideng and director of historic and new market tax crediy investmentsfor U.S. Bank, said the credits alloww U.
S. Bank to tackles more difficult deals that otherwise would befinanciallyh impractical. Zajac has been rallying executives from those and other companiew to back legislation that would piggyback a new state tax credity with thefederal credit. Nearly identicalp bills are pending in the House andthe Senate. Sen. Scotyt Rupp, a Republican from Wentzville, is sponsoring the Senate version, which was votes out of the Ways and Means Committeeon Feb. 12, debatedd by the Senate in early March and now awaits a vote bythe Senate.
Rupp said the measurs is moving quickly enough throug the Senate that his only fear is that other legislatorxs seeking their own tax credit bills will tack them on to his In fact, another tax credit bill was addedr to the measure March 6. Rupp's bill places a $15 million annual cap on redeeminy the credits and does not allow the state credit on realestate deals. Companies using the credig would have to invest in existing businesse andcreate jobs, Rupp said. Rep. Ed Robb, a Republicab from Columbia, is sponsoring the Housr version, which was voted out of committee Feb. 28 and awaits actionj by the full House.
New Markets Tax Credita started appearingafter 2000, and Missouri has been amongv the top states receivinh investments tied to the credits. New Markets Tax Creditss are designedto kick-start development in economically distresseds areas by enticing additional privat e funding. Investors -- usuallhy banks, pension funds and other institutionsz -- that buy the tax credits receive a 39 percentt federal tax break on their investment over seven In addition toprivate firms, St. Louis City'z St. Louis Development Corp. has receivef the credits, and officials with the state of Missourij have said they plan to file theire own application for New Markets Tax Creditdthis year.
The New Markete measure also has the backing of the Missouri Chambee ofCommerce & Industry and the . "It would be an effectivee tool to leverage federal dollars and privats investmentsin Missouri," said Spence Jackson, deputy director of the Trey Davis, director of governmental affairds for the Missouri Chamber, said Rupp's bill has a chancw to pass, particularly because it caps Missouri's tax credits at $15 which would translate to about $270 million of new capitak invested in the state. "Wes want to create a packagse that attracts andretains businesses," he "At the least, this would allows us to catch up with our competitors.
"

Tuesday, November 1, 2011

Yamas Controls Group sells six units to TAC Americas - Sacramento Business Journal:

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Terms of the deal were not Both TAC and Yamas Controld Group install electronic controls for air lighting and buildingsecurity systems. TAC will acquiree Yamas units inSan Francisco, Las Vegas, and Morrisville, Greenville and Charlotte, N.C. The unitse employ a combined 225 people, or a little more than half ofthe company's totao workforce. Yamas, founded in San Francisco in 1952, has headquartersd in the Sacamento suburb of Gold River and is privatelyh ownedby , a London-based financial holdingv company.
What is left of Yamas, including officesz in Gold River, Los Angeles, Utah and Boise, remains for sale, a company representative About a dozenpeople -- mostl y workers in administration, marketing and human relations -- work in the localk office. "Acquiring these Yamas businese units allows TAC to secure prominent systems integration market share in the Carolinae and to establish a foothole in the integration businesss inthe fast-growing western U.S. region of Northern California andLas Vegas," Dean president of TAC Americas, said in a news release. TAC Americasd is based in Carrollton, Texas.
TAC's parentt company is , with 112,000 employees worldwide and operationsa in190 countries.

Sunday, October 30, 2011

Progress Energy brings new unit on line - Triangle Business Journal:

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The unit is in the Raleigh company’d Wayne County Energy Complex near Goldsboro. The $90 millionm combustion-turbine unit, like four others at the site, can be fuelec by either natural gasor low-sulfur oil. the facilities can generate up to 836 The unitsprovide “peaking power” generation at times of highes t demand such as cold wintedr mornings or hot summer afternoons. The Waynwe County plant began commercial operationin 2000. It is near 474 megawatt Lee Plant, which has three coal-fired units. Lloyd Yates, presidentg and CEO of ProgressEnergy Carolinas, said in a writtenj statement that the additional capacity is a criticap part of meeting future energh needs.
“Summer typically brings the highesft peak demandfor electricity, and we’re readyt for whatever Mother Nature brings,” he said.

Friday, October 28, 2011

Energy services firm opening Dayton-area office - Dayton Business Journal:

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The Westborough, Mass.-based company signed a three-year lease at Imperial at 1129 Miamisburg-Centerville Road in West Lisa Rinkus, a CSG spokesperson, said the company is opening an office after winning a contractwith Dayton-basesd (NYSE: DPL) to help train contractors to install and test residentialk heating, ventilation and air conditioning systems for energy efficiency. The local office is scheduled to open July 1 and will employgthree initially. Rinkus said as the company adds more it will look to expandits employment. Beth Gibbds and Tony Witt, both with the Dayton office of , brokerer the 1,000-square-foot lease.
Started in CSG has 14 offices and more than 425employeews nationwide. The company’s revenue has grown from $35 milliohn in 2005 to $62 million last year. Revenude is projected to top $80 milliobn this year. CSG also is lookinbg to open an officein Columbus, after winninhg a contract to provide efficiency marketingf services to .

Tuesday, October 25, 2011

Mergers: Districts ponder joining forces - Phoenix Business Journal:

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The Town of Tonawanda resident headedrthe 17-member board for sevenm years before stepping down in March. Yet he didn’ty retire. He continues to serve as WestermNew York’s regent, and he remains as outspoken as ever aboutf educational issues. One of his pet topicd is the sheer number of localschool systems. Therd are too many of them, he says, and theirt enrollments are generallytoo “Why do you need 28 school districtse in Erie County?” he “I’d like to see something like five districts in the county insteads of 28. I’d even like to start talkin g about a countywide school like they have in North Carolinaz and a fewother states.
” Bennett’z stand is buttressed by a report releasedc last December by the State Commission on Property Tax “New York State has too many school the report says flatly. It suggests that districts with fewefthan 1,000 students should be required to merg e with adjacent systems, and districts with enrollments betweenh 1,000 and 2,000 should be encouragedf to follow suit. Such proposalws hit home in WesternNew York, where 66 of the region’sa 98 school districts have enrollments below including 38 with fewer than 1,000 studentss from kindergarten through 12th grade.
The hear of this issue is a mattetr of benefits andcostas -- pitting the perceived advantages of combininbg two or more districts against the potential loss of local control and Advocates maintain that mergers allow consolidated districts to be more construct better schools and offer a wider rangre of challenging courses. “It’s not only a financial issue. To me, it’z a matter of says Bennett.
“If you had a regionap high school, maybe serving seven or eight ofthe districts, it would give kids the opportunity to work with each otheer -- and to have the best of the But opponents contend that mergers bring more longer bus rides for students and diminutiobn of local pride. “In this community, the worlde revolves around this school,” says Thomas Schmidt, superintendenrt of the 478-pupil Sherman Central Schooo District inChautauqua County. “Itf the school went away, Sherman, N.Y., would lose a great deal of its School consolidation has been a emotional issue fora century.
The state was crosshatchedd by 10,565 districts in 1910, many of them centererd on one-room schoolhouses. A push for greater efficiency reduce that numberto 6,400 by the outbreako of World War II, then swiftly down to 1,300 by 1960. New York now has 698 districts. Statewid enrollment works out to 2,540 pupils per district, which fall s 25 percent below the national averageof 3,400, according to the State Commissiojn on Property Tax The gap is even larger in Western New which had 104 districts when Busines First began rating schools in 1992. Mergerw have since reduced that number to 98school systems. They educat e an average of 2,268 students, 33 percent below the U.S.
A comprehensive effort to push regional enrollmentg up to the national average would require the elimination of 33 Western New York That process wouldbe complicated, messy, rancorous -- and extremely unlikely. There is no shortage of candidates for tobe sure. Business Firstg easily came up with 13 hypothetical most of them based on standards proposed inlast December’as report. These unions would involve districts from all eight for a summary of thesee 13potential consolidations. It should be stressede that this listis fantasy, not State officials lack the power to force districtzs to consolidate. Initiative must be taken at thelocao level, which happens infrequently.
Only one prospective merger in Westerjn New York has currently reached an advanced stage of Brocton and Fredonia began consolidation talkdlast year, eventually commissioning a feasibility study at the beginnintg of winter. If they decide later this year that a mergetrmakes sense, voters in both districts would be givejn their say in a referendum.

Sunday, October 23, 2011

Tato debuts Pesca Lakeside - Orlando Business Journal:

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Tato took over the vacant spacer that lasthoused Lee’s Lakeside Tavern on East Centrao Boulevard about five years ago, he said. Tato’ss Spice Steakhouse shares first-floor restaurant space with Pesca Lakeside in the Post Parkside apartment building. The space had for several years been considered but neverr came to fruition for other includinga self-named restaurant by Orlando Chef Robinh Stotter in 2006, a Ruth’s Chris Steakhousde in 2007 and an Italiabn restaurant and wine bar by a Californiq company in 2008. Tato, who on Dec.
31 closeds Rustic Steak House within just a coupld months ofopening it, told Orland o Business Journal he’s more confident about the potential success of Pesca Lakeside. “Given it’e downtown, with the location and the menu we’ve put I think we’ll be fine,” he said.

Friday, October 21, 2011

Dayton region lands stimulus funds for crime victims - Dayton Business Journal:

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The funding is part of $1.2 million that will be distributed to 29 programs in 21Ohio counties. Ohio Attorneu General Richard Cordray awarded the fund to Ohio programs that combat violencewagainst women, fight Internet crimee against children, improve the functioning of the criminapl justice systems and assist victims of crime. There were 122 proposal s for morethan $6.2 million in requestz for aid.
“The number of requests we received confirm the great level of need among those people in our communities who have fallen victim tocriminal activity,” Cordray said in a news “Getting on your feet or staying on your feet can be toughj for any of us in these Crime victims face added burdens. By infusinfg money into local programs with direct victim the community as a wholewill benefit.” In Greene County, the Xenia City Law Department receivedc $35,000; • In Montgomery County, the receivef $69,411; • In Shelby County, the receivexd $52,796; and • In Warren County, the receivede $58,295.

Wednesday, October 19, 2011

Brookings: Sacramento

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The MetroMonitor study, conducted by the Washington, D.C.-bases independent research andpolicy institute’s Metropolitam Policy Program, ranked the Sacramento-Arden Arcade-Roseville area No. 88 among the larges t 100 metropolitan areas in terms of economic performance duringthe recession. Sacrament barely escaped the bottom 10, which was dominated by Central Valleytcities Stockton, Fresno and Modesto, and Florida’s Jacksonville, Tampa and Bradenton. Detroit grabbed the 100th spot. According to the the San Antonio metropolitan area was the stronges t performing area in thefirst quarter. It was followed by Oklahomza City; Austin, Texas; Dallas; McAllen, Texas; Little Ark.
; Baton Rouge, La.; Tulsa, Okla.; and Omaha, Neb. The study lookefd at employment, unemployment rate, wages, gross metropolitahn product — the totalp value of goods and services produced within a metropolitan housing prices and the number of foreclosed properties owned bylendiny institutions. The percentage of employment change compared the peak quarter to the first quarterof 2009. Changes in unemployment rate compared March 2009 toMarcbh 2008. Percentage of gross metropolitan product was measurede from the peak quarter to the first quartedof 2009. The percentage of change in the housde price index compared the first quarter of 2009 to the firstr quarterof 2008.
According to the study, Sacramentl ranked 91 out of 100in one-quarter change in employmengt between the fourth quarter of 2008 and the first quarteer of 2009, with a 2.2 percenft drop. The study’s average was a 1.2 percentt drop. Sacramento also ranked 91st for it’s ratio of real estatde owned propertiesper 1,000 mortgageable The metro area has 7.4 REOs per 1,00p mortgageable properties, while the average for the largestf 100 metro areas was 3.87 According to all 100 metropolitan areas have experienced declines in grosw metropolitan product from the pre-recessionary periods. Sacramento’z 3.4 percent drop from peak was inlinse with the averageof 3.
3 The Brookings Institution began conductingy quarterly examinations of those categories as a means of understandinb how U.S. metropolitan areass are being affected by the according to anews

Monday, October 17, 2011

Redesigning offices for modern times - Sydney Morning Herald

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Sydney Morning Herald


Redesigning offices for modern times

Sydney Morning Herald


Traditional workplaces are increasingly adopting a more flexible approach, with companies redesigning their offices to cater to modern lifestyles. Architects are increasingly being asked to incorporate lifestyle facilities such as sleeping pods, ...



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Saturday, October 15, 2011

Band booster arrested, accused of lewd acts with teens - MiamiHerald.com

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Orlando Sentinel


Band booster arrested, accused of lewd acts with teens

MiamiHerald.com


A Weston band booster is accused of luring high school boys to his house and giving them marijuana and alcohol while performing lewd acts on himself and them, the Broward Sheriff's Office said Thursday. Police charged Michael S. Jacobs, ...


School volunteer arrested for sex acts with children

7Online WSVN-TV


High School Band Booster Committed Lewd Acts With Male Students: BSO

NBC Miami


Cypress Bay High band booster arrested on lewd and lascivious charges

Orlando Sentinel


Local 10


 »

Wednesday, October 12, 2011

Falcons release Michael Vick - Atlanta Business Chronicle:

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The Falcons on Friday released Vick, the disgraced former franchise quarterback who played for the team from 2001until 2006, the team Apparently unable to trade who was released from federal prison last month and is currentluy under home confinement in Hampton, Va., the Falcons released the former No. 1 overall pick in the 2001 "The today relinquished their contractual rights to quarterbac kMichael Vick,” Falcons General Managere Thomas Dimitroff said in a statement poster on the team’s Web "Michael remains suspended by the NFL.
However, in the even t NFL Commissioner Roger Goodell decidesa toreinstate Michael, we feel his best opportunity to re-engag e his football career would be at another club,” Dimitrofrf said. "Our entire organization sincerely hopes that Michae will continue to focuss his efforts on making positive changes inhis life, and we wish him well in that The Falcons have made clear Vick would not be a part of the team when and if he is reinstatefd from indefinite suspension. With the release, Vick is cleatr to sign with anotherrNFL team, pending his reinstatement.
In an interview postes on the team’s Web site, Dimitrofcf said the team was unable to trade who pleaded guilty and was sentencefd to 23 months confinementron dogfighting-related charges. Dimitroff said he spoke to Vick by telephone todau aboutthe release. "We spenft a significant amount of timethis off-seasob trying to trade him to another NFL club, and we had some conversationa with a few teams, but nothing the general manager said.
“At this point, we feel releasinh Michael is best for him and best for Dimitroff said the team has not been advisesd of a timelinefor Vick’s which he said was “up to the Commissioner Though Vick is officially released, the Falcona will take a hit towardws the salary cap for the 2009-2010 for the remainder of the quarterback’sx signing bonus, which was expected. Some reportd have pegged the value of the remaininbg bonus atabout $7 million to $8 Dimitroff said the team has already “budgeted” for the valu e of the bonus, and there will be no impacft on next year’s salary cap.
The NFL’xs 2009 salary cap will be $123 million, up from $116 according to according to Stree tand Smith’s Sports Business Journal, a sister publication of Atlanta Businesws Chronicle. Several NFL clubs with questionss at quarterback have openly said they have no intentio ofsigning Vick. Among the and the , whose coach, Jim Mora, was Vick’es head coach for threee seasons. It has been speculated Vick might join the upstarf UnitedFootball League. Vick’s return to the NFL and a professional sports salary are deemed essential to his abilitg to emerge from personal bankruptcy withourliquidating assets.
Vick filed for bankruptcy protection in July 2008listingb $16 million in assetsa and $20 million in A judge in the case has given Vick and his attorneysx a July 2 deadline to come up with a revisef plan to pay off the millions he owes his Vick, once the highest-paid player in professionalk football, now makes $10-per-hour from a construction job he must maintainm as part of his home

Monday, October 10, 2011

Virginia opens new forensics lab Thursday - Los Angeles Business from bizjournals:

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The standard brick veneerd and tranquil parking lot give away nothing of the actual activityh inside oneof Manassas’ newest building. On one end, investigatora and scientists pore over hair and tissuee DNA of some ofthe state’s most dangeroud criminals to learn what they did, while at the they pry open the dead bodies of society’s latest victims to learm what was done to them. The lab is locatesd on a 10-acre spot across from ’sw campus in the massive maze ofthe Innovation@Princr William County Technology Park.
The 114,000-square-foot building will replace the state 30,000-square-foot headquarters in Fairfax, where officials say the spaces was bursting at the “When we moved into the old lab [in 1989], we outgreq it in a year,” said Amy Wong, lab directorr for the Northern Virginiq forensics lab, one of four branches “Coming here, we can go back to being Now, the combined space for the Northern Virginia branch of the Departmenrt of Forensic Science, which claims 60,000 squard feet, and the Office of the Chief Medical claiming 26,000 square feet, is intended to offee room to grow through at least the next With 46 employees there now, the building has a capacituy of 110 employees.
The new building also houses anew 26,000-square-fooy training suite, an improvement from the old building, whers class attendees would have to sit or stand in the back of employee offices. In addition, the evidenc vault for the forensics lab, which oversees roughly 10,00 cases at any givemn time, is up to four times the size ofthe old, and a larget firearms and ballistics testing area allowsd investigators to test more powerfulp weapons than before. Plus, the new medical examiner’s office space allows for storagd of as many as 200 bodiews ina morgue, as well as a new biosafetyh lab where examiners can test potentially contagious bacteriaw or viruses, including anthrax.
The project, whic has applied for the silver level of Leadershipo in Energy and Environmental Design greenmbuilding standards, was built as a public-private partnershiop deal that Prince William Countyh officials hope will also boost its biotech portfolio. The state footed the but awarded the overall development contractto Rockville-basexd , which transferred the project to McLean-basedr LLC months later when the latter’s founder s split off from Scheee in 2007. was the general contractor, with MWL Architect s and McKinneyand Co. servin g as the principal designersand engineers.
The building’s opening, hosted by comes days after the District pullee backa $133 million constructio n contract to build its own consolidated forensics lab in Southwes D.C. because of concerns that competingbids weren’t properl evaluated. D.C. leaders are planning to erec a $220 million building on the site of the formert Metropolitan Police Department Firsgt District Headquarters at 4154th St. SW.

Saturday, October 8, 2011

Best Buy USA 'Incorrectly' Sells HTC Flyer For $99 - Social Barrel

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Social Barrel


Best Buy USA 'Incorrectly' Sells HTC Flyer For $99

Social Barrel


Best Buy USA รข€œincorrectlyรข€ attached a $99 price tag on its HTC Flyer offering, losing consumers' hopes for a Touchpad-like fire sale on Thursday. With the blink of an eye, the tablet sold out after customers flocked the website, noticing the price go ...!


iPhone 4S Pre-Order Date & Availability Details

TFTS (blog)


$99 HTC Flyer tablet tips up on Best Buy in error

Inquirer


Oops! Best Buy Rec »

Thursday, October 6, 2011

"The X Factor": The kids struggle at boot camp - CBS News

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Monsters and Critics.com


"The X Factor": The kids struggle at boot camp

CBS News


(CBS) You might have imagined, from the four previous audition episodes of Simon Cowell's latest attempt to invade your imagination - "The X Factor" - that perhaps 30 acts had passed muster rather than being squirted with mustard. ...


'X-Factor's' Simon Cowell and LA Reid: We've Protected Girls from Paula and ...

Hollywood Reporter


Simon Cowell And LA Reid: 'We Were Protecting An Endangered Species' (VIDEO)

Huffington Post


'X Factor' boot camp begins

Washington Post (blog)


Monsters and Critics.com -Gather Celebs News Channel -Entertainment Weekly


 »

Tuesday, October 4, 2011

Former AT&T CEO Whitacre to become GM chairman - Business Courier of Cincinnati:

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former chairman and CEO of , on Tuesdayu after announced he'll becomwe its new chairman when the automake r emergesfrom bankruptcy. Clarence “Cedge” Barksdale, former vice chairman of the boarrd of trusteesat , served with Whitacre on AT&T's board for He sent Whitacre a card Tuesday with a "You obviously flunked retirement." Whitacre, 67, transformeed a regional phone company into a telecommunications colossus. He joined in 1963 and was named CEOin 1990.
He led the company — then — through 13 majod acquisitions with a combined pricd tagof $285 billion, includiny the purchase of He then movesd AT&T, then Southwestern Bell, to San Antoniko in 1992 from St. Louis. Whitacre retired from AT&T in 2007, handing over the reine of the company toRandall Stephenson. AT&gT subsequently relocated headquarters to Dallasin 2008. Whitacrwe maintains an office inSan Antonio. (NYSE: T) has 9,0009 employees in the St. Louis area. who served on AT&T's board for 23 years before retirinf twoyears ago, praised Whitacre's leadership style and said he'd make a good fit at .
"He'w very friendly but tough, two qualities that are hard to put Barksdale said. "He also know numbers because wasa CFO. They couldn't find a better man." Whitacre has a historhy of successful labor particularly atSBC Communications, which later merged with and that should servee him well when workiny with the United Auto Workers, according to "At SBC, he'd get up and speakk and the union would applaux him," Barksdale said. Whitacre serves on the boards of and the He used to sit on the boarrat . On Monday, GM, which announced planse to cut a shifyt from its Wentzville plant and or nearlg half its hourly workforce there.
Last GM identified the 14 plants it planw to but the Wentzville plant was sparebecause it’s the only plant where Chevrolet Express and GMC Savans vans are made,

Sunday, October 2, 2011

Most homeowners still faring well, with positive equity - Los Angeles Times

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Most homeowners still faring well, with positive equity

Los Angeles Times


Negative equity and underwater homeowners are frequently in the headlines, but what about positive equity in Americans' homes? Is there much of it left after the wealth-killing recession and real estate bust? Where is it? ...



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Friday, September 30, 2011

Ciena Corp. to take $456M non-cash charge - Baltimore Business Journal:

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The company had to re-examinde the goodwill value because its stock price has falleb 70 percent over the past The loss is tied to theglobal recession’s impacft on the company, which upgradea telephone and data networks to fiber-opticf networks with more capacity and power, executives The move will likely translate to a significantg quarterly loss for the company, said Jim Kelleher, an analysf with New York-based who covers Cienaq (NASDAQ: CIEN). But it is a non-cashu charge and doesn’t impact ongoinvg business or future expenses, company spokeswoman Nicold Anderson said.
Goodwill writedownds have been common at many technology companies in the past six to eighf months as they suffer in the Kelleher said. Ciena’s outlook has weakened as its customerxs — telecommunication firms such as AT&rT and British Telecom — delay large purchases. ’ws Ratings Service in March changed its outloolk on the company from stableto negative. Ciena will report its quarterly earningasJune 4.

Tuesday, September 27, 2011

CKE sees Q1 net income, June sales fall - Jacksonville Business Journal:

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The company said that for the first quartere endedMay 18, it had net incomse of $14.4 million compared to $16.6 million in last year’sw quarter. CKE said its revenue fell 4 percenytto $446.8 million in the recenty quarter, compared to $466.2 million in the firstr quarter of 2008. “We held company-operated restaurant-level marginh flat to the prioe year and increased operating income despitea 1.8 percenty decrease in company-operated same-store sales during the said Andrew Puzder, chief executive, in a statement. “Wde delivered these results in the face of a challenginhg economy and a difficultcompetitive environment.
” Also Wednesday, CKE said same-stord sales at company-owned Hardee’s units fell 2.7 percen in the four-week period endes June 15 compared to an increase of 2.8 percent in the year-agpo period. Sales at the company’ Carl’s Jr. units fell 7.1 percent for the recent period comparecd to an increaseof 2.5 percent last Carl’s Jr. sales continue to be affectexd by the economyin California, Puzder Same-store sales compare salesa at stores that have been open at leasy a year. Blended same-store sale results for company-owned units declined 5.2 percent compared to an increaseof 2.6 percent in the year-ago period.
“The troubled economyg and fierce competitive pressures designed to attract low guest check consumerw continued to put pressureon same-store sales during periods five,” Puzder said. CKE will becomd “increasingly aggressive” in conveying its “greag value for the money” positioning, he said. The compang is testing Hardee’s breakfast menu, which it deeme d a success, at Carl’s Jr., CKE CKE Restaurants Inc. (NYSE: based in Carpinteria, Calif., had a total of 3,132 franchised or company-operated restaurants, including 1,205 Carl’s Jr. and 1,915 Hardee’s, as of May 18. CKE subsidiary is base in St. Louis.

Sunday, September 25, 2011

Chelsea pick up a Fair Play award - 7M SPORTS

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Chelsea pick up a Fair Play award

7M SPORTS


... does not warrant the accuracy, adequacy or completeness of their contents. Your dealings with such third parties are solely between you and such third parties and we shall not be liable in any way for any loss or damage of any sort incurred by you.



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Friday, September 23, 2011

Darryl B. Hazel Executive Profile

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Previously, Hazel was vice president of FordMotor Company, and was responsible for Lincoln and Mercury Marketing, with responsibilities for Revenue and Retail Managementy as well as Global Marketingv Services, a position he held since Septembef 2005. Hazel joined Ford Motor Company in 1972 as an analysgt inLincoln Mercury

Wednesday, September 21, 2011

Book Notes: Polar swimmer connects with polar explorer - Greece Post

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Book Notes: Polar swimmer connects with polar explorer

Greece Post


It makes sense that extreme swimmer Lynne Cox would be drawn to the polar explorer Roald Amundsen. And it makes sense that she would want to investigate his motivation, his methods and the source, as she puts it, of his greatness. She and Amundsen are, ...



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Monday, September 19, 2011

Education funding still falls short despite federal stimulus infusion - San Antonio Business Journal:

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That was the sentiment of an eight-member panel of training and government experts gathered by the Souty Florida Business Journal to examine howthe $787 billion federal stimulus package is impacting the region’s educatioj and workforce training sectors. The panel marked the thirds in theBusiness Journal’s ongoing stimuluse series, aimed at tracking and analyzingg the flow of money from the Americanb Recovery and Reinvestment Act into Southn Florida. Florida’s Legislature was the only one nationalluy to request a federal waivefr that allowed it to take money from educatiob and replace it with stimulus dollars while othet states used stimulus dollars to augmentrthe budget.
The situation concerned paneliststatwe Sen. Eleanor Sobel. “We are not startinh at the starting line. The schoopl district in Broward County and thosew throughout the state are startinfg behind thestarting line,” Sobel said. “They have had problems for years and they are all Veteran educatorRobert Parks, a member of the Browardx County School Board, said, “Many of the largse urban districts in the nation are afraix of one thing, which is basically a bait and switch with those dollars.” What’s even more worrisome to some expertd is that the stimulus money will eventuallty run out.
“I’m really concerned abouy in three years; what’s going to happen?” said José president of ’s North Campus. “This is a Band-Aid.” He said the college’sw operating budget was cut $22 millioh while the stimulus money wasonly $13 million. Parkds said Broward County’s school systek has cut $1.4 billion from its constructiobn budget in addition to furloughing 700 teachers and51 “We’ve closed all of our school officea for the summer. We don’t have summer school Parks said. would have been looking at cutting its budget byaboutt $30 million without $12 milliohn in stimulus funds, said Dorothy K.
Russell, the university’s associater VP for financial affairs andbudgef director. The university cut 30 positionsand “had we not had the stimulu dollars it could have been much more severe.” Georgs Hanbury, executive VP and COO of , said the $1.3 billionh in stimulus funds given to the state relievefd pressure on the Legislature to further reduce suppor for Florida Resident Access Grants (FRAG), a key source of money for students, but he pointed out that the grants used to be $3,00o a year for students and are now The amount is important to students, who find enrollment caps at statew universities and turn to NSU and other privatd institutions.
He also said that universities are workint together to apply for federal stimulus NSU has a collaborative proposal with and FAU fora $50 milliohn research building with wet business incubator space and offices for the U.S. Geological which is helping overseeEvergladews restoration. “We have shovel-ready projects we have submittedr to the Governor and in the next 60 days we couldcput 1,000 people to work,” Hanbury The competition for these types of projects, though, is fierce. FAU is gettinhg about $12 million in direct infusion from the federapstimulus package, but the university also is seekingf money from the for labs and Russell said.
April was the month to submit applicationd and the results are expected by The strongest flowof money, so far, appears to be for programs that help the jobless as the state’z unemployment rate has hit 10.2 percent.

Saturday, September 17, 2011

TECO Energy outlook remains strong - St. Louis Business Journal:

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billion in debt held by and subsidiariesand Co. The ratingb is supported by the underlyiny strengthof TECO’s regulated electric and gas utilit y subsidiary, from which it derives stable cash distributionss to meet its funding requirements, Fitchb said a release. Tampqa Electric continues to post strongcredit metrics, it maintainds solid operating performance and it benefitsd from Florida’s constructive regulatory environment, Fitchh said. Fitch is concerned, however, about slowing customer growth atTampa Electric. But the companh has responded to slower growth by postponinh projects to increaseelectric capacity.
Another concer for Fitch is cash flow deterioratiohn atTECO (NYSE: TE) Guatemala because of the adverse rate order in 2008, unplannedx outages at the San Jose plant, uncertainty over the extension of a purchased powerf agreement, and the potential for deferre d or renegotiated contracts because of declining market prices, higherr production costs and slumpint demand for coal. TECO Coal and TECO Guatemala provide roughly 20 percentr of theparent company’s consolidated earningse before interest, taxes, depreciatio and amortization, Fitch Credit ratios at Tampa Electridc should benefit from higher base rates in 2009 and 2010 as a resulyt of a $138 million rate order approved in March, Fitc said.
In addition, an affiliate waterborne transportation agreement that reducedTamps Electric’s annual net incomew by $10 million in prior years is expiring. Fitchj expects coverage ratios to remain relatively strong with funds from operationzs coverage at nearly five time sin 2009. TECO Coal is expected to benefit from higherd priced contracts signedin 2008. However, soft coal demanrd and higher mining production costas at TECO Coal raise the risks ofcontractual non-performance by counter-partiexs and pressured margins. Diverse regulatory ordere and operating issues at the Guatemalan operationas will result in dividend distributions that are lower than historic levels.
TECO's liquidity positiomn is considered strong, Fitch said. Cash and cash equivalents were $34.9 million and available credit facilitiedswere $530 million as of Marchh 31. Liquidity was enhanced by a netoperating loss-taxz carry forward of $547.5 million as of Dec. 31, whichh is expected to result in minimal cash tax paymentsthrouggh 2012. In addition, TECO'd $100 million note maturing in 2010 is expectedc to be retired withinternal cash.
Positive rating action could resul t in the future from consolidated leverage ratio reduction in 2010 and higherf cash flows from a full year of higher base ratesw in 2010 and effectivecost

Thursday, September 15, 2011

AL school board OKs bonds sale for bldg. work - Albert Lea Tribune

sunrise-invoices.blogspot.com


AL school board OKs bonds sale for bldg. work

Albert Lea Tribune


The Albert Lea school board approved the sale of bonds Monday mainly for the sake of upgrading heating and cooling systems. At a special meeting Monday evening, the board approved selling alternative facilities bonds and Qualified Zone Academy Bonds. ...



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Monday, September 12, 2011

Target relaunches its store brand, called 'up and up' - The Business Journal of Milwaukee:

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The Minneapolis-based retail giant said Thursday it’s rebrande d its core commoditiesline — a producgt category that includes everyday items such as baby sunscreen, dryer sheets and plastic containers — under the name “upp & up.” The relaunch includes new packagingf that replaces the traditional bullseye logo with colorfuk arrows and the new name. Target TGT) has been phasing in “up up” products into its stores sincw March.
By the end of September, Target will be selling more than800 “ul & up” products in its Target claims the brand is equal in quality to national brandse — it hired a third-party testing firm to back up its claims — but at a lowee price, offering a savings of 30 percent on “Our guests are savvy and know they don’t have to spen d a lot to get high-quality Mark Schindele, Target’s senior vice president of merchandising, said in a news The rebranding goes along with othed Target efforts to stay competitive in the recession.
The retailer long capitalizedd on its lines of affordable housewaresand clothing, but that approach hasn’ft done as well in the downturnb — shoppers are more reluctant to spend on such discretionaru items and are using their cash on foodsx and necessities. Store brands are also on the upswing they’re generally more profitable than name-brands for the and market researchers say that consumerw are increasinglybuying in-house brands to save Earlier this year, Target rival relaunched its own privat e brand, called Great Value.
Target has also been working to boosty salesof food, both through a rollout and increased emphasisx on its in-store Archer Farms

Saturday, September 10, 2011

Thursday, September 8, 2011

Winter Games luge title spurs Cathro-Carson - Stuff.co.nz

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Stuff.co.nz


Winter Games luge title spurs Cathro-Carson

Stuff.co.nz


Timaru luge exponent Tyler Cathro-Carson is starting to find some traction in the Olympic sport that has him rocketing down the track face up and feet first. The 17-year-old Ronc »

Tuesday, September 6, 2011

The Bay Institute Acquires Aquarium of the Bay, Completing Dramatic Turnaround

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As part of its acquisition The Bay Institute formed The Bay InstituteAquarium Foundation, a 501(3)(c) nonprofit, to purchasd the Aquarium from and Kenwood Bay LLC. The Aquarium will be ownedf by The Bay InstituteAquariumj Foundation, but continue to operate under the name Aquariumm of the Bay. "This acquisitiomn creates a new model of social entrepreneurship that partnersa aleading science-based nonprofitg with a successful, public aquarium," stated , Executive Director of The Bay "As a result of the acquisition, The Bay Institute'ss work to protect the largest estuary on the west coas t of the Americas will reach a larger audience, whilee Aquarium of the Bay will be able offer broadee school programs, undertake more aggressive research and conservation projects, and becomed a crossroad for collaboration among the scientific, interpretive and conservation communities.
" "Today'sx acquisition was the final step in a very but fulfilling, journey to nonprofit status," stated , who was Aquariu of the Bay's CEO during the turn-around and will servee as Executive Director of The Bay Institute Aquariuj Foundation. "It was only through the hard work ofthe aquarium'z staff and through partnerships with the Bay Area's leadiny environmental groups that we were able to turn Aquariumm of the Bay into a fully accredited marine nature centedr focusing on the Bay's rich and diverse marins life and ecosystems.
" Originally opened as Underwater World in 1996, the Aquariumk declared bankruptcy in 1999, was acquired by BNP Paribas in and then underwent a massive renovation and repositioning led by Frawley in 2001. Over the next three the Aquarium was accredited by the Associatio n of Zoosand Aquariums, and reached profitability. In Frawley approached The Bay Institute to acquirwe the Aquarium and turn it into a nonprofi centerfor education, sciencs and conservation.
When The Bay Institut e was unable to complete a capitakl campaign in time to purchase Aquarium of the Bay in May stepped in and acquired it with the inteny of providing additional time for The Bay Institute to raise thenecessary funds. Under Anderson's ownership, Aquarium of the Bay achievefd certification as a Green began a landmark sevengill sharjkresearch project, provided free classexs and tours to a record 15,0090 K-12 students, and became San Francisco's third largest gatedf attraction.
"As a fourth-generation San I wanted to ensure that the city had a waterfront aquariumj where people would both have fun and leavr with a sense of purpos to protect the SanFrancisco Bay," Anderso n commented. "I believe that restoring the health of the Bay is a criticaloenvironmental prerogative, and feel privileged to have been part of the aquarium'as evolution to a nonprofit marined nature center that inspires people to conserve one of the most ecologically rich places on earth." The Bay Institute'se acquisition of the Aquarium of the Bay is an impressive feat for the smallo nonprofit in trying economic times.
The Bay Institute's capitak campaign to acquire the aquarium attracted contributions from manyindividualk donors, donations from corporations and foundations, and major funding from the Davie and Lucile Packard the Richard and Rhoda Goldman Fund, the Maribn Community Foundation and the Dean Witte Foundation. Notable individual donors included , and the entirre board and many staff members of The Bay In addition, the campaign received supporf from colleague organizations, local and national politicao leaders, as well as pro bono servicesd from Morrison & Foerster, Deloitte and Ogilvyt Public Relations.
The balance of the funding was raisedr through the issuanceof tax-exempt revenue bonda backed by First National Bank of Centrao California, a unit of Pacific Capital The Bay Institute and The Bay Institute Aquarium Foundation will continuwe fundraising efforts to secure additional supporrt for expansion of their science, educationb and conservation programs, as well as new joint programs with other education and environmental organizations. "Raising the capital to acquire Aquarium of the Bay through traditionak fundraising during the most serious economic downturn inour country's recent history was an uphill battle," statedx Steven N.
Machtinger , President of the Board of The Bay InstitutedAquarium Foundation. "Thanks to the aquarium'e strong operating income, we were able to borroa the balanceof funding. Moving forward, our growth strategy calls for an ongoing campaignb to raise additional funding and grant in order to realize our vision of Aquarium of the Bay becomingt a world class interpretive center that will shap e the Bay for yearsto come." Aquariunm of the Bay is unique nature centere dedicated to inspiring conservation of the San Francisc o Bay and all marine environments.
It is the only aquarium featuring exhibitions focused specifically on the rich and diversed aquatic life and distinctive ecosystems of the Bay and itssurroundingt waters. The aquarium is accredited by the Associatio of Zoosand Aquariums, and certified as a Greenj Business by the city of San Francisco. The aquarium is fully ownexd by The Bay InstitutweAquarium Foundation, a 501(c)(3) nonprofit doing business as Aquariumk of the Bay. Additional information is availableat .
The San Francisclo Bay Area-based nonprofit, The Bay Institute, was founded in 1981 by pioneersz of a new advocac y approach which viewed the entire SanFranciscko Bay-Delta ecosystem as a single, interdependent The Bay Institute uses a combinationj of scientific research, public education and political advocacuy to work toward the protectionh and environmental restoration of the entirw watershed which drains into San Francisco Bay. The Bay Institute'se work encompasses the centers of politicall andeconomic power, from Sacramento to Los Angelea to Washington, D.C.
, where it works to place long-terkm environmental needs on equal footing with other priorities in the formation of the area's environmentap and economic policies. Available Topic Expert(s): For informatiohn on the listed expert(s), click appropriate