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

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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 “astonishing,” noting that if he wanted to act ... and more »

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

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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.

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

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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 ...

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

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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.

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.

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.” TAPPER: Lastly, on a lighter note. If you'll permit me. What was going through your he ad the other day when that ... and more »

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.

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.

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.

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 â€" 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 ... and more »

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.

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. ... and more »

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.
"

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.