Nonprofits brace for budget emergency aftershocks, IOUs - Atlanta Business Chronicle:

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While service providers don’t yet know whether they’lpl receive IOUs — or what the amounts will be Sparky Harlan, CEO of the in Santa Clara, is preparex for the worst. “We receive abouyt $400,000 in state funding,” Harlan said. “We’re alreadh accustomed to getting money from the statelate — last for example, it took unti December before we finally got paid.” For this year and last year the centetr has relied on a $150,0000 line of credit througu to cover the gap, along with $500,000 out of its reservse funds. The center’s operating budge is $10 million for fiscal 2009-10.
The money that may be on hold from thestatew covers, in part, the center’d shelter and drop-in program, street outreach, and parentin classes. “The problem right now is that we don’t know for certaibn how much they’re going to hold said Harlan, who has been with the centefr for26 years. “But this is by far the worsf I’ve ever seen.” In anticipation of the state’s budget problems, 10 percenrt cuts have already been plannedfor foster-carwe payments.
Locally there are 300 to 400 kids in foster Foster care rates are the same acrosswthe state, so families in high-cosyt areas such as the Bay Area get the same amoun of compensation as people in more affordable places. “We’re frontingg half a million dollars already,” she It’s a layered problem for the center, since in addition to statw money some comes from the federal Housing and UrbajDevelopment department. And Harlan said HUD is so slow it can take up to six monthes for payments tobe “We’re hoping to get paid by she said. “Nonprofits are just getting slammed.
” Harlan said the Bill Wilsoh Center has closed down two programsw already and cut about 15 percentr ofits staff, leaving abouf 110 employees. These are real she pointed out — not attrition or open jobs and “heartbreaking” to do. “We had to give one staf person a layoff notice and a week late r his wife was laid off fromanothet nonprofit,” she said. in Campbell gets about $500,000o a year from the state for itsAIDS services.
CFO Ira Holtzmanh said the agency is large enough and financially stable enougy that he would just book an IOU as accountzs receivable and hope the money came through TheHealth Trust’s budgetr for fiscal year 2010 is more than $16 Holtzman said. Pam executive director of andVisually Impaired, whic has offices in Palo Alto and Santa said that even though her agency provides the kind of servicess that are especially at risk in State Controllet John Chiang’s plan, the Vista Center is relativeluy safe.
“We receive money through Titls 7 Chapter2 services,” Brandin “Since much of our fundingg is federal money we’re hoping that it has to be release d and passed on; the state won’t be allowefd to hold on to it.” The Vista Center also has schoopl contracts through special education “Last year when the state had similar budget issues we didn’t receive any IOUs,” she “but that situation was resolvef sooner than this appears to be.
The agenciea that receive IOUsprobably won’f even know they’re coming untill they submit their She’s also banking on Vista Center’s statusa as a preferred vendor with the state, “so we’lol be paid in advance of other vendorss — if in fact the state is even writingg checks.” Lisa Hendrickson, president & CEO of Avenidas Rose Kleiner Senior Day Healtg Center in Palo Alto, is also cautiously “The only funds we receive from the statr are MediCal payments for services provided at our adultf daycare center,” she said. “Our understanding is that those servicesd are protected by the state constitutiom as well asfederal law.
We do receive funding indirectlhy throughthe county, but we don’t expect that to be Tom Kinoshita, public policy director of the , said peoplwe are on pins and needles. “Everyone’s sitting around waiting, not knowing what’s going to happen. But even with the most optimisticoutcomd it’s still going to be very He pointed out that the deficit last year for Sant Clara County was more than $270 million, and many of the cuts were made in programa around health, mental health, drugs and alcohokl and social services. And there’s no relief on the For 2011 the county is lookinv at a deficit ofabout $250 he said.

Police: Man In Rental Property Shooting Kills Himself - KMGH Denver

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Police: Man In Rental Property Shooting Kills Himself KMGH Denver Lakewood police and the SWAT team found Melvin "Catfish" Nelson, 60, at a motel in the area of Interstate 25 and 38th Avenue Monday, investigators said. After several attempts to contact Nelson, police said the SWAT team entered Nelson's motel room and ... Lakewood man who was flight risk to Craig found dead Craig Daily Press Suspect in shooting, robbery found dead 9NEWS.com "Person of interest" queried, cleared in Lakewood Denver Post KKTV 11 News -Westword (blog) -Ct Post  »

Obese teens engage in risky behavior too--but in sometimes riskier ways - Los Angeles Times

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Los Angeles Times

Obese teens engage in risky behavior too--but in sometimes riskier ways Los Angeles Times Extremely obese teens drink alcohol about as often as their classmates, and while obese girls are less likely to have had sex, they sometimes take greater risks in doing so, researchers conclude in a new analysis of a ... Obesity Influences Risk Taking in Teens MedPage Today  »

Rewilding revives ecosystem in African island - USA Today

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Daily Mail

Rewilding revives ecosystem in African island USA Today Playing God with an ecosystem is something scientists are loath to do. But a recent case off the southern coast of Africa -- once the home of the dodo -- shows that it sometimes works. In this instance, a sm »

Stiefel buys ABR companies - St. Louis Business Journal:

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The Coral Gables-based privately held dermatologgy company said it will acquire all sharesof France-basedc ABR Invent and ABR Development through a definitive stoclk purchase agreement. "Stiefel Laboratories has been lookinb for the right dermapl filler to add to our aesthetix portfolio for quite some Stiefel Chairman and Chief Executive OfficerCharles W. Stiefel said in a news release. "After conducting due diligenced andextensive research, our team made an offer to ABR a company whose innovation, expertise and product portfolio will significantly strengthenn our position in the global aesthetics market.
" Atlea n dermal filler is currently sold in Franced and Italy, and Stiefel said distributiobn and manufacturing agreements for the product will remain in placer throughout Europe. All sales representatives formerly employed by ABR Developmeng will now become employees ofStiefekl Laboratories. Stiefel said it plans to launcb the dermal filler in partsdof Europe, Asia Pacific, Latin America and the Caribbeabn over the next year and a half. The company said it will continud clinical development of Atlean dermalp filler in order to submit the product for approva l from the Food and Drug Administration and other regulatorh bodies aroundthe world.
Stiefel also expects to develoo other products from theABR portfolio.

Best Buy starts digital media fund - Boston Business Journal:

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Velocity Interactive Group, which is changing its name to Fuse said Thursday that it will run the The venturefirm — which has locations in Silicon Valley, the Los Angeles India and China — said Best Buy (NYSE: BBY) is the sole limitedd partner in the fund, which is meant to complement the Richfield, Minn.-basecd retailer’s present investments in emerging technologies. Financia l terms of the deal aren’t being disclosed. Overall, Fuse has more than $1.4 billionn under management. The fund will focus on digital media companiee that will createthe “next generationn of leaders in categorie s such as music, video, games and personal medi a management.
” The retailer’s central business has been its big-box electronics But it also hasn’t shied away from getting involvedr in the interactive media functions that go alongy with the gizmos it sells. Last year, it , whicy it with a $5-a-month plan that incorporates streaming andMP3 “Best Buy is well-positioned to take advantage of the massive shifts occurring across the media and commerce landscapes,” said Ross a former News Corp. interactive mediq executive who is a managing partnerat Fuse, in a Best Buy officials didn’t immediately responfd to requests for comment.
The retailer has long buily relationships withventure capitalists, mostly those basesd in Silicon Valley, and has had a small staff dedicated to working with investors who can tip them off to productas and services the compan y might want to sell in its stores. Best Buy used the proces s to build a relationship withSling Media, whic makes a device that allows consumer s to watch TV over the Best Buy also has taken stakes in private including Speakeasy Inc. and Mydeo.
It used Mydeo’s video-hosting Web site to launch Best BuyVide Sharing, a subscription-based service that allowds customers to upload personal videow for sharing with family and friends via Web sites, bloges and e-mail messages.

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Automata 2011 mechanical art show in New Orleans is wonderful - NOLA.com

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Automata 2011 mechanical art show in New Orleans is wonderful NOLA.com By Doug MacCash, The Times-Picayune Automata 2011, a mechanical art show in New Orleans takes place at Ironworks, 612 Piety St., Saturday (April 9) night from 5 to 9. Automata 2011 mechanical art show in New Orleans Visit Automata 2011 mechanical art ... and more »

ev3 names new CFO - Minneapolis / St. Paul Business Journal:

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McCormick comes to ev3 from Fridley-basedc , where he had worked since 1992. He most recently led the firm’sd business-development activities and previously had served in key corporater and divisional financialleadership roles. “Wd are very pleased to have someonewith Shawn’s experienced join the ev3 management ev3 President and CEO Rober t Palmisano said in a statement. “His provenm track record in financial management and business developmeny will add tremendous value as we continure to focus on expanding our position in the peripheralp vascular and neurovascular markets and deliverinh increasedshareholder value.
” McCormick replaceds Patrick Spangler, who resigned as ev3’sx senior vice president and CFO, effectiv e Jan. 19. Plymouth-based ev3 (Nasdaq: makes medical devices, including stents and angioplasthy balloons, that are used by endovascula specialists to treat a wide range of peripheral vascular and neurovascular diseasesand disorders.

Will the 2012 Nissan Versa show in New York? - CNET (blog)

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CNET (blog)

Will the 2012 Nissan Versa show in New York? CNET (blog) The recently leaked Nissan Tiida design is similar to the sketch of the next Versa. It's not very often that we find ourselves talking about Nissan's entry-point vehicle, the compact Versa, but the current generation, ... and more »

Paulson to back Fed

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according to a transcriptt of hisprepared remarks. Paulson is scheduled to testift beforethe U.S. House Committeew on Oversight and Government Reform on Thursday Inthe transcript, Paulson acknowledges he told BofA Chiefr Executive Kenneth Lewis that backing out of the deal to buy Merrilk Lynch would be seen as a lack of judgement. He also told Lewisa such a move may put his future with the bank in according tothe transcript. BofA in Decembet threatened to back out of a deal to buy Merrillfor $50 billionm and declare a “materially adverse change” related to higher-than-expectexd fourth-quarter losses at the investment bank and brokerage.
Paulson’s prepared testimony says Treasury officials and federal regulatorsinvestigated BofA’s threatt and decided it would not be legally valid to declar e a MAC. Paulson will testify dropping the deal woulc have been harmful to both parties and thegreatere economy. “I believe my remarks to Mr. Lewies were appropriate,” Paulson says in the transcript. “Itf Bank of America exercised the MAC such an action would show a colossaol lackof judgment. “I further explainexd to him that, under such the Federal Reserve could exercise its authority to remove management and the boarx of Bankof America.
” Paulson will testify that by remindinfg Lewis of the Fed’s powers, he intended to “delivef a strong message ... that it would be unthinkable for Bank of Americsa to take this destructive action for which there was no reasonabl legal basis and whichj would show a lack of thetranscript says. BofA (NYSE:BAC) eventually followed through with the MerriloLynch purchase, buying it Jan. 1 for $29.q billion. The value of the deal droppefd from theoriginal $50 billion because Merrill’s stock price fell precipitouslgy after the deal was announced. BofA agreede to the purchase after federal officials said they would supportg the deal withtaxpayer aid.
BofA in Januarh received an additional $20 billion in Troubled Asser Relief Program money related to theMerrill purchase. The bank has received a total of $45 billion from the The Charlotte Business Journal willcover Paulson’s testimony live Thursdag beginning at 10 a.m. Coverage will be availablew at charlottebusinessjournal.com and at Twitter.com/CBJBankNews.

Palm Beach County clerk cuts 66 employees - San Antonio Business Journal:

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million, or 18 percent, reduction in the office’a budget by July 1, county clerk Sharon Bock said in a news The cuts are expectedto “significantly impact service levelsd at the Clerk’s sevenb Palm Beach County locations,” she noted in the release. The required staff cuts leave the officre with fewer people to pursue and collect millions of dollars in unpaid traffif andcourt fees, which will lead to more budget “It’s a vicious cycle designed to underfund us into extinction,” she Thirty-two employees accepted a buyout offer this month and will leaves June 30 with a full payout on their sick rather than the normal 25 percent to 50 percent offered undert current termination policies.
On May 29, an additiom 34 employees were told during staff meetingsw that they were beinglaid off, effectivee June 12. They will receive four weekx of pay. With these layoffs and the positionszpreviously eliminated, the office has cut 101 positions -- 16 percent of management positions and 12 percent of hourly position -- in the past The Clerk & Comptroller’s Office, which employs more than 800 in officezs throughout Palm Beach County, handles the busineses arm of the court system. Employees receive, file and retrieve courtf documents, process fees and traffic and enter and maintain case information inthe court’z computer system.

Border boom: Industrial development takes hold at Santa Teresa - New Mexico Business Weekly:

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“A year ago, we were tryinyg to drag peopleover here, but now companies are callinv us every day,” Majors said. “It’s gone from a real difficulr job to all of a sudden we have The reason? – the Taiwanese electronicss manufacturing giant that beganb building a massive factory last December in San just south of the border from Santa Teresa. The companyg – the largest electronics makerf inthe world, with more than $90 billionj in revenue – is constructing a sprawling complexs on 440 acres that will eventually emplouy 20,000.
Foxconn opened two 300,000-square-foot building s this year with 3,900 It’s now constructing a thirrd 343,000-square-foot section to open in the fall. And it planse a fourth building for early next year that will brin the total work forcesto 10,000, said Francisco Foxconn’s corporate vice president for Lati n American operations, during the recenr NAFTA Institute border-trade conferencs (see story on page 1). The Foxconn projectg means unprecedented opportunities for supply companie that establish operations atSantaw Teresa, Uranga said. “A tremendouws opportunity has arrived,” he said.
“We can replicatse the Dallas-Fort Worth area righrt here atSanta Teresa-San Apart from Foxconn, plans by to invest $300 milliohn in a major refueling station next to the Santz Teresa municipal airport is another big draw for The station will be equippedd for intermodal transportation to seamlessly transfer cargo back and fortb among ships, trains and trucks. The project is a key part of the railroad’se efforts to upgrade its Sunset which runs from Los Angeles seaports to El for access to northern andeasterjn markets, said UP Director of Public Affairse and Corp. Relations Luis Heredia.
“Intermodal facilitiesx typically drive the development ofindustrial warehouses,” Heredia said. “Santa Teresa will be strategicallyt located for rapid shipments to andfrom ports.” To be Santa Teresa already attracted many industries to supply Mexico-based maquiladora factories during the past Forty companies currently operatde at the zone’s two industrial parks, employin g about 2,000 people, said Jerrh Pacheco, executive director of the International Business But Foxconn and the railroad are now attracting many more and much larger ones than before. “We have a great pipeline of prospects,” Pacheco said.
“One auto supplief that operates 68 plants just came for its fourtjh site visit toSanta Teresa. We’ree in the game now for thosd kinds ofbig players.” Verde Corp. is making some major investmentes to accommodatenew tenants. In January, it completed 4,300 feet of traci and a railroad turnwau to connect part of the firsindustrial park, near the municipal airport, to the Unioh Pacific line. “That gives industrial buildings direcf service to themain railroad, and some tenants are already usingg it,” Majors said.
At the second industriao park, located right at the borde r bySan Jerónimo, Verde is investingb $12 million in two buildings to create 290,000o square feet of new space. The also plans upgrades at the Santaz Teresa port of entry to prepare for a lot more commercial andpassenger traffic, said Project Manager Jim Creek. Commercial crossings have jumped 60 percent since reaching 45,856 last year. Passenger vehiclde crossings grew 65 percentto 373,900. With the firstg direct border road in Mexico connectingSan Jerónimio and Juárez scheduled for completion this fall, the Border Authoritgy expects another huge jump in crossings, Creek said.
To ease the Authority plans a $12 million facility to expedite inspection of commercia trucks and a large parking lot for visitors to the Customsw andImmigration offices. State officials also want federalk funding for three more passenger vehiclweprocessing lanes, Creek said.

AutoZone board approves $500M stock repurchase - Puget Sound Business Journal (Seattle):

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The company’s board of directors approvefd the repurchase June 17 as part ofthe company’z ongoing share repurchase program, the company announcex after the close of markets Wednesday. The last repurchase authorizatiohn was in December and was asimilar $500 There were three $500 million authorizations in 2008 and a tota l of $7.9 billion since 1998. "We remain committex to utilizing share repurchases within the bounds of a disciplined capita l structure to enhance stockholder returns while maintainingg adequate liquidity to executeour plans,” said CFO Bill Giles.
Memphis-basex AutoZone (NYSE: AZO) is the leading retailer and distributo r of automotive replacement parts and accessories inthe U.S. The companyh sells auto and light truck chemicals and accessoriesthrough 4,172 AutoZonwe stores in 48 states, the District of Columbia and Puerto Rico in the U.S. and 168 storez in Mexico. Shares of AutoZone closed Wednesdauyat $155.54, up 2.37 percent.

Cesar Chavez Day celebrated today at Long Beach park - Long Beach Press-Telegram

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OC Weekly (blog)

Cesar Chavez Day celebrated today at Long Beach park Long Beach Press-Telegram A Long Beach park bearing his name will be at the center of local festivities honoring Cesar Chavez Day today. (The Associated Press) LONG BEACH - Cesar Chavez Day events are planned today at the El Camino College Compton Center, a Long Beach park ... Arizona Unleashes Air Posse and Tank, As Nation Celebrates AZ Native Son Cesar ... Huffington Post (blog) Cesar Chavez Day Proclaimed by President Obama on March 31 HULIQ Maloof Sports & Entertainment Celebrates Cesar Chavez with Day of Volunteerism Kings.com  »