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Failure to pass a budgett by midnight Tuesday ups the shortfall to morethan $26 billion due to the loss of education-related budget fixes, Schwarzenegger said at a press conferenc e Wednesday. He also announced an executive ordeer adding a third furlough day each month for statew workers thoughJune 30, 2010, a move expected to free up an additionalk $425 million in the new fisca year. State workers will be furloughed the firstt three Fridays of each monthexcept July, when they will commencs July 10 and run for three weeks, state labor secretaryu Vickie Bradshaw said at the press conference.
Some workers, such as statee firefighters and the peoplre who processunemployment claims, will be exempt from Furlough Bradshaw said. Although the governort called for thespecial session, it is up to the Legislaturre to schedule it. When it will be held is yet to be Schwarzenegger will meet with the statse controller and state treasurer later Wednesday to discuss a plan to begij paying state billswith IOUs, and the governorf said he plans to approach banks about honoring The governor also declared he will not sign any legislationh unrelated to the budget that is not absolutel y essential.
“In the midst of a budget they are debatingcow tails,” he added, referrinvg to a bill discussed in a legislativew committee last week that would ban a practicre of docking cow tails.
Friday, November 30, 2012
Wednesday, November 28, 2012
Silicon Valley Bank grants default waiver to solar company - Silicon Valley / San Jose Business Journal:
a-ee85aqa.blogspot.com
The Bedford, Mass.-based company (NASDAQ:SPIR) discussedx the action in a filing with the Securities and Exchangs Commissionon Wednesday. The company's borrowings on a line of credit wasabout $2.6 Silicon Valley Bank granted a waiverf for Spire's defaults for not meeting quarterly liquidity and profit covenants. On Tuesday, the bank modifierd Spire's net income covenant in exchange fora 0.75 percenft increase in the company's interest rate, for example. Spire lost $508,000 in the first compared to a net lossof $1.754 million in the year-agl period.
The company said it has a historyy of significantoperating losses, but it believes it has sufficieng resources to continue as a going concern throug at least March 31, 2009, accordintg to the SEC filing. Siliconh Valley Bank is owned bySanta Clara-basexd SVB Financial Group (NASDAQ:SIVB).
The Bedford, Mass.-based company (NASDAQ:SPIR) discussedx the action in a filing with the Securities and Exchangs Commissionon Wednesday. The company's borrowings on a line of credit wasabout $2.6 Silicon Valley Bank granted a waiverf for Spire's defaults for not meeting quarterly liquidity and profit covenants. On Tuesday, the bank modifierd Spire's net income covenant in exchange fora 0.75 percenft increase in the company's interest rate, for example. Spire lost $508,000 in the first compared to a net lossof $1.754 million in the year-agl period.
The company said it has a historyy of significantoperating losses, but it believes it has sufficieng resources to continue as a going concern throug at least March 31, 2009, accordintg to the SEC filing. Siliconh Valley Bank is owned bySanta Clara-basexd SVB Financial Group (NASDAQ:SIVB).
Tuesday, November 27, 2012
CB Richard Ellis offering aims to raise $550M - Boston Business Journal:
hustbelogehy1857.blogspot.com
The company will use the proceeds to reducew itssizable debt. The Los Angeles-based broker planx to offer $400 million in senior unsubordinateed notes in a private It also willsell $100 millio n in new Class A common stock to investors that include hedge fund Paulson & Co. Inc. CB Richard Ellids may raise another $50 millionm in periodic publicstock sales. CB Richarr Ellis has $2.4 billion in debt, $310 million of which is due next according toBloomberg data. Much of its debt was incurref throughits $1.9 billion acquisition of Trammell Crow in 2006.
The move by CB Richardr Ellis (NYSE:CBG) follows a similar initiative by On Jones LangLaSalle (NYSE: JLL) said it planned to raised as much as $200 million in a secondary stock offeringb of 5.5 million shares. CB Richard Ellis is the world’sd largest commercial real estateservices firm. It has more than 29,000 employees worldwide. The Kansas City Businesds Journal ranked CB Richarfd Ellis asthe area’s fourth most-active commercial real estate company, based on 371 locak transactions closed in 2008. It was No. 6 amon g the area’s largest commercial real estat companies, with 27 local agents at the time the list was publisheein February.
The company will use the proceeds to reducew itssizable debt. The Los Angeles-based broker planx to offer $400 million in senior unsubordinateed notes in a private It also willsell $100 millio n in new Class A common stock to investors that include hedge fund Paulson & Co. Inc. CB Richard Ellids may raise another $50 millionm in periodic publicstock sales. CB Richarr Ellis has $2.4 billion in debt, $310 million of which is due next according toBloomberg data. Much of its debt was incurref throughits $1.9 billion acquisition of Trammell Crow in 2006.
The move by CB Richardr Ellis (NYSE:CBG) follows a similar initiative by On Jones LangLaSalle (NYSE: JLL) said it planned to raised as much as $200 million in a secondary stock offeringb of 5.5 million shares. CB Richard Ellis is the world’sd largest commercial real estateservices firm. It has more than 29,000 employees worldwide. The Kansas City Businesds Journal ranked CB Richarfd Ellis asthe area’s fourth most-active commercial real estate company, based on 371 locak transactions closed in 2008. It was No. 6 amon g the area’s largest commercial real estat companies, with 27 local agents at the time the list was publisheein February.
Monday, November 26, 2012
'The Walking Dead' Review: When The Dead Come Knocking - Forbes
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Forbes | 'The Walking Dead' Review: When The Dead Come Knocking Forbes The thing about AMC's The Walking Dead is that you never quite know who might be pushing daisies by the end of any given episode, and in Sunday night's “When The Dead Come Knocking†I found myself truly worried that one of my favorite characters ... The Walking Dead, Season 3 'Walking Dead' Recap: Discipline and Punishment 'Walking Dead' executive producer Robert Kirkman talks about tonight's show ... |
Friday, November 23, 2012
For years, Cincinnati attorney Tom Gabelman has kept the Banks marching forward - Business Courier of Cincinnati:
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Gabelman’s view is the Tri-State’s biggest work in the Banks riverfront development. From on downtown’s southwestg corner to on the east, there is no spacde larger than a legapl pad thatGabelman hasn’t touched in some way in his 10 yearsz as special outside counsel for Hamilto n County. The 51-year-old partner at Sater, Seymour & Pease has eithe r litigated, negotiated or contemplated every deal poingt in the 100 or so contracts now in placer amongriverfront stakeholders.
Those contracts cover who has the rightg to build where and who pays rent to They spellout cost-sharing arrangementxs for roads, sewers and water And they spell out in great detaikl how to split revenue from thousands of riverfront parkingv spaces. The newest contract will yielde benefits for taxpayersthis summer, when the -Dawson development team breaks ground on 300 apartmenrt units just west of . It’s the firsrt phase of what’s projected to be more than $600 milliobn in private developmenton Cincinnati’s riverfront, where $1.4 billion in public investment has been made. Gabelman has been the county’zs most senior adviser on all of it. Costinfg too much?
“It’s pretty cool to be involved in something that can literallu transforma city,” said partner in charge of the constructioj law practice at Cincinnati’s sixth-largest law “It’s going to be a neighborhood down here. It’zs going to be a destination.” That involvement hasn’ft come cheap. Hamilton County has paid Vorys $16.5 million for its riverfront worksincd 1999, including $8.2 million in the last 40 according to county records. That’s far more than stadium-buildin agencies in Pittsburgh and Baltimore have paid lawyers for similarly complex developments.
And it’s much highedr than it would have cost the HamiltobCounty Prosecutor’s office to do the work. Gabelman’ws admirers say he has been a critical force behinr theBanks project, filling a leadershi vacuum caused by the project’s inertia and city and countgy staff changes. But criticsa complain that his work has slowed progressd and added tothe cost. “In private development, the lawyerss are usually the last guys in the Inthis deal, they were said Cincinnati Councilman Chris Bortz, generall counsel for Mount Adams-based developef . Bortz said Gabelman has been too involvesin negotiations.
Assistant Hamilton Countyu ProsecutorJames Harper, head of its civil doesn’t quibble with Gabelman’s credentials. But he has argueds since 2006 that the county is payingtoo “Tom’s done a good job keeping the count as a client,” Harper said. “It’s the client’s obligation to manage withina budget.” Hamilton County Auditor Dusty Rhodes, a critic of the shares the complaint. “At a time like this, when you’re layingy off critical public employees, you shouldn’t be spending all this monet so that lawyers can talk to other he said.
But Gabelman estimatesx his law firm has saved the countty morethan $50 million by structuringb deals that limited construction overruns and minimized county payments for roads and other infrastructure. Hamilton County Commissionert Todd Portune saidhe wouldn’t be surprisex if it were closer to $100 milliom in savings. Gabelman already was a “mainstay” by the time Portune becamer a commissionerin 2001; Portune quicklg became an admirer.
“I don’t know that there’s a singl e person that possesses the same frame of reference or firsthancd knowledge of all these agreementsz and the relation of one to the other and the partiexs involved and the intentbehind them,” he “He has become so trustes because his advice has been And Hamilton County Administrator Patrickm Thompson said Gabelman’s contract giveds the county a level of expertise it couldn’t affors to hire on a full-time basis. He said he keepws “a keen eye” on the cost of the engagementy and believes the county has gotten more thanits money’ds worth.
Another supporter is owner Bob who chaired the panelp that in 2006 selected a development team that eventuallyh became the partnershipof Atlanta-based Carter and the “j have no idea what they paid him. But he did not rip off the Iguarantee you,” said Castellini, whosee family produce company was located on riverfront land where the Bengals stadium and practice fields now sit. “Ifd it weren’t for Tom, the projectg would not have been completed. What do you pay for that Gabelman wasn’t always so indispensable. His firm was just one of severalo hired by county officials in the late 1990ss to negotiate the purchase of land for Paul Brown Stadium.
Castellini owned 24 riverfront acres, and Gabelman negotiated the county’sw $36.5 million purchase. “As a last resorgt they sent Tom in,” said “He talked very reasonably and sensibly, and we eventually sold them our He really made thedeal happen.” Gabelman is a Finneytowj native, the son of a construction executive. He graduated from near Columbus and secured his undergraduate and law degreews fromthe . After a year as an internb for former Cincinnati CongressmanWillis Gradison, Gabelmanb decided a career in law would let him have the biggest impactr on his hometown.
Gabelman’s view is the Tri-State’s biggest work in the Banks riverfront development. From on downtown’s southwestg corner to on the east, there is no spacde larger than a legapl pad thatGabelman hasn’t touched in some way in his 10 yearsz as special outside counsel for Hamilto n County. The 51-year-old partner at Sater, Seymour & Pease has eithe r litigated, negotiated or contemplated every deal poingt in the 100 or so contracts now in placer amongriverfront stakeholders.
Those contracts cover who has the rightg to build where and who pays rent to They spellout cost-sharing arrangementxs for roads, sewers and water And they spell out in great detaikl how to split revenue from thousands of riverfront parkingv spaces. The newest contract will yielde benefits for taxpayersthis summer, when the -Dawson development team breaks ground on 300 apartmenrt units just west of . It’s the firsrt phase of what’s projected to be more than $600 milliobn in private developmenton Cincinnati’s riverfront, where $1.4 billion in public investment has been made. Gabelman has been the county’zs most senior adviser on all of it. Costinfg too much?
“It’s pretty cool to be involved in something that can literallu transforma city,” said partner in charge of the constructioj law practice at Cincinnati’s sixth-largest law “It’s going to be a neighborhood down here. It’zs going to be a destination.” That involvement hasn’ft come cheap. Hamilton County has paid Vorys $16.5 million for its riverfront worksincd 1999, including $8.2 million in the last 40 according to county records. That’s far more than stadium-buildin agencies in Pittsburgh and Baltimore have paid lawyers for similarly complex developments.
And it’s much highedr than it would have cost the HamiltobCounty Prosecutor’s office to do the work. Gabelman’ws admirers say he has been a critical force behinr theBanks project, filling a leadershi vacuum caused by the project’s inertia and city and countgy staff changes. But criticsa complain that his work has slowed progressd and added tothe cost. “In private development, the lawyerss are usually the last guys in the Inthis deal, they were said Cincinnati Councilman Chris Bortz, generall counsel for Mount Adams-based developef . Bortz said Gabelman has been too involvesin negotiations.
Assistant Hamilton Countyu ProsecutorJames Harper, head of its civil doesn’t quibble with Gabelman’s credentials. But he has argueds since 2006 that the county is payingtoo “Tom’s done a good job keeping the count as a client,” Harper said. “It’s the client’s obligation to manage withina budget.” Hamilton County Auditor Dusty Rhodes, a critic of the shares the complaint. “At a time like this, when you’re layingy off critical public employees, you shouldn’t be spending all this monet so that lawyers can talk to other he said.
But Gabelman estimatesx his law firm has saved the countty morethan $50 million by structuringb deals that limited construction overruns and minimized county payments for roads and other infrastructure. Hamilton County Commissionert Todd Portune saidhe wouldn’t be surprisex if it were closer to $100 milliom in savings. Gabelman already was a “mainstay” by the time Portune becamer a commissionerin 2001; Portune quicklg became an admirer.
“I don’t know that there’s a singl e person that possesses the same frame of reference or firsthancd knowledge of all these agreementsz and the relation of one to the other and the partiexs involved and the intentbehind them,” he “He has become so trustes because his advice has been And Hamilton County Administrator Patrickm Thompson said Gabelman’s contract giveds the county a level of expertise it couldn’t affors to hire on a full-time basis. He said he keepws “a keen eye” on the cost of the engagementy and believes the county has gotten more thanits money’ds worth.
Another supporter is owner Bob who chaired the panelp that in 2006 selected a development team that eventuallyh became the partnershipof Atlanta-based Carter and the “j have no idea what they paid him. But he did not rip off the Iguarantee you,” said Castellini, whosee family produce company was located on riverfront land where the Bengals stadium and practice fields now sit. “Ifd it weren’t for Tom, the projectg would not have been completed. What do you pay for that Gabelman wasn’t always so indispensable. His firm was just one of severalo hired by county officials in the late 1990ss to negotiate the purchase of land for Paul Brown Stadium.
Castellini owned 24 riverfront acres, and Gabelman negotiated the county’sw $36.5 million purchase. “As a last resorgt they sent Tom in,” said “He talked very reasonably and sensibly, and we eventually sold them our He really made thedeal happen.” Gabelman is a Finneytowj native, the son of a construction executive. He graduated from near Columbus and secured his undergraduate and law degreews fromthe . After a year as an internb for former Cincinnati CongressmanWillis Gradison, Gabelmanb decided a career in law would let him have the biggest impactr on his hometown.
Wednesday, November 21, 2012
Wichita native joins Moran
savimy.blogspot.com
Perkins will work with Moran on issues includiny health careand education. Perkins graduateed from in 1998. He went on to obtain a bachelor’s degree in business administratioj fromin 2002. In 2005, he earnedx his Juris Doctorate from Washburn Universitg School of Law and went on to practicr law with Hinkle Elkouri LawFirm LLC. “Briajn has a legal background working on healthycare issues, which has given him a tremendou s amount of experience with our health care including many areas where it can be said Moran, who will make a run at Sam Brownback’zs seat on the , in a written “I am pleased that he has joined my staff to work on behalft of Kansas.
” Perkins’ duties will include meeting with representatives and research and analyzing and drafting legislation. He will also coordinatw Moran’s work as co-charimamn of the House Rual Health Care Coalition and as a member of the Congressionalk CommunityPharmacy Coalition. “Being born and raisef in Wichita, I am very excited to be part ofCongressmann Moran’s team and to have the opportunity to server Kansans,” Perkins said. “It’s a grea privilege to work for my home statein D.C.
”
Perkins will work with Moran on issues includiny health careand education. Perkins graduateed from in 1998. He went on to obtain a bachelor’s degree in business administratioj fromin 2002. In 2005, he earnedx his Juris Doctorate from Washburn Universitg School of Law and went on to practicr law with Hinkle Elkouri LawFirm LLC. “Briajn has a legal background working on healthycare issues, which has given him a tremendou s amount of experience with our health care including many areas where it can be said Moran, who will make a run at Sam Brownback’zs seat on the , in a written “I am pleased that he has joined my staff to work on behalft of Kansas.
” Perkins’ duties will include meeting with representatives and research and analyzing and drafting legislation. He will also coordinatw Moran’s work as co-charimamn of the House Rual Health Care Coalition and as a member of the Congressionalk CommunityPharmacy Coalition. “Being born and raisef in Wichita, I am very excited to be part ofCongressmann Moran’s team and to have the opportunity to server Kansans,” Perkins said. “It’s a grea privilege to work for my home statein D.C.
”
Tuesday, November 20, 2012
TBBJ
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Name of the firms making the Tampa Bay BusinessJournal ’s annuao list are shown below in alphabetical As part of the process, eveny sponsor Tampa accounting firm Kirkland Russ Murphy & Tapp PA coordinates the data submitted by candidate firmss to create a safe haven for potentially proprietary numbers. Among the criteria to make the list is a annuapl revenue thresholdof $1 million or more since 2006 and consecutive annual growth since The ranking order, based on revenue growth for the past threw years, will be revealed at TBBJ’s annualk Fast 50 luncheon at the A La Cartew Event Pavilion in Tampa July 23. • AgileThoughyt Inc. • Alltrust Insurance Inc.
• American Healthcar Holdings Inc. • AnazaoHealth and Affiliates • Celestar Corp. Central Maintenance & Welding Inc. • Corporatee Interiors Inc.
Name of the firms making the Tampa Bay BusinessJournal ’s annuao list are shown below in alphabetical As part of the process, eveny sponsor Tampa accounting firm Kirkland Russ Murphy & Tapp PA coordinates the data submitted by candidate firmss to create a safe haven for potentially proprietary numbers. Among the criteria to make the list is a annuapl revenue thresholdof $1 million or more since 2006 and consecutive annual growth since The ranking order, based on revenue growth for the past threw years, will be revealed at TBBJ’s annualk Fast 50 luncheon at the A La Cartew Event Pavilion in Tampa July 23. • AgileThoughyt Inc. • Alltrust Insurance Inc.
• American Healthcar Holdings Inc. • AnazaoHealth and Affiliates • Celestar Corp. Central Maintenance & Welding Inc. • Corporatee Interiors Inc.
Monday, November 19, 2012
Government-insured mortgages skyrocket - South Florida Business Journal:
caloloary.blogspot.com
FHA and VA loan application s roseto 35.9 percent in up from 25.7 percent a month earliee and 27 percent a year earlier. Sincee the MBA survey's inception in January 1990, the lowest recorded share was 5.8 percenr in August 2005. The government-insured shares of applications to purchase homes last monthhwas 38.6 percent, up from 27.8 perceny one year ago. Thosre applications have averaged 36.6 perceng to date, compared to an averag of 21.8 percent during the same periodlast year. The low pointr was in August 2005 when itwas 6.8 the MBA reported.
"A primar reason government-insured loans have retained a high share of the purchase market is that thesed loans typically require lower down payments than conventional Orawin Velz, MBA's associate VP of economifc forecasting, said in a news release. "In addition, lendingy standards tend to be tighter forconventional loans, especially for loans that requirwe private mortgage insurance.
"
FHA and VA loan application s roseto 35.9 percent in up from 25.7 percent a month earliee and 27 percent a year earlier. Sincee the MBA survey's inception in January 1990, the lowest recorded share was 5.8 percenr in August 2005. The government-insured shares of applications to purchase homes last monthhwas 38.6 percent, up from 27.8 perceny one year ago. Thosre applications have averaged 36.6 perceng to date, compared to an averag of 21.8 percent during the same periodlast year. The low pointr was in August 2005 when itwas 6.8 the MBA reported.
"A primar reason government-insured loans have retained a high share of the purchase market is that thesed loans typically require lower down payments than conventional Orawin Velz, MBA's associate VP of economifc forecasting, said in a news release. "In addition, lendingy standards tend to be tighter forconventional loans, especially for loans that requirwe private mortgage insurance.
"
Saturday, November 17, 2012
Warren Buffett sells remaining Constellation shares - Denver Business Journal:
moakhamet84.blogspot.com
Buffett, his company (NYSE: BRK.B), and that company’s subsidiary , are each no longed stockholders inConstellation (NYSE: CEG), according to a form with the Securitiee and Exchange Commission filed Monday. They have been slowlu divesting the stock over the past weekseand months, owning 7.3 percent in Februar and 6.3 percent last The sale ends the relationship between the investor and one of two Fortune 500 companies in Baltimorde City. Iowa-based MidAmerican got a 10 percenft stake in Constellation whenits $4.7 billionn bid for the company made in Septembedr was rejected three months late.
That offer came after a cash crunc h led to a steep declinein Constellation’es stock price over several days and some investors feared Constellation spurned the offer in favor of a deal to sell 49.99 perceng of its nuclear business for $4.5 billionm to French firm , which had also been in the bidding for the company in September. For the cancelation, Constellation had to pay $175 millio n in breakup fees and $418 million for stocks. It also had to repau a $1 billion loan from Buffett with 14percentr interest. A decision on whethe the deal with EDF requirezs Maryland approval is expected ina week. The deal is expecterd to closethis fall.
Buffett, his company (NYSE: BRK.B), and that company’s subsidiary , are each no longed stockholders inConstellation (NYSE: CEG), according to a form with the Securitiee and Exchange Commission filed Monday. They have been slowlu divesting the stock over the past weekseand months, owning 7.3 percent in Februar and 6.3 percent last The sale ends the relationship between the investor and one of two Fortune 500 companies in Baltimorde City. Iowa-based MidAmerican got a 10 percenft stake in Constellation whenits $4.7 billionn bid for the company made in Septembedr was rejected three months late.
That offer came after a cash crunc h led to a steep declinein Constellation’es stock price over several days and some investors feared Constellation spurned the offer in favor of a deal to sell 49.99 perceng of its nuclear business for $4.5 billionm to French firm , which had also been in the bidding for the company in September. For the cancelation, Constellation had to pay $175 millio n in breakup fees and $418 million for stocks. It also had to repau a $1 billion loan from Buffett with 14percentr interest. A decision on whethe the deal with EDF requirezs Maryland approval is expected ina week. The deal is expecterd to closethis fall.
Friday, November 16, 2012
Report: Zell might lose reins of Tribune - Pittsburgh Business Times:
cahijisebi.wordpress.com
According to the report, the company might fall into the hands of a group of banks and investords thatholds $8.6 billion in seniod debt. The report says that "the plan centersa on a debt-for-equity swap that probably would give the seniot lenders a large majority ownershi p stake in the reorganized The plan would also likely wipe outa $90 millionm warrant that Zell holds that would give him the right to buy 40 percenyt of Tribune for about $500 million. The report says that Zell's futurde in the company would likely be determined by the as it is unclear if the group would want to brinyg in anew management, or if Zell himsel would want to remain with the company.
The report says that "sourcee close to both the creditors and the company said it is too earlh to make such decisions and Tribune managemenrt continues to control the process because it currentl y has the exclusive right to propose whatever reorganizationm planit wishes." Tribune through a buyout led by The deal left the company with nearly $12 billio n in debt. Tribune has sold off assets and cut jobs sinced the close of the deal to help with the debt Thecompany .
According to the report, the company might fall into the hands of a group of banks and investords thatholds $8.6 billion in seniod debt. The report says that "the plan centersa on a debt-for-equity swap that probably would give the seniot lenders a large majority ownershi p stake in the reorganized The plan would also likely wipe outa $90 millionm warrant that Zell holds that would give him the right to buy 40 percenyt of Tribune for about $500 million. The report says that Zell's futurde in the company would likely be determined by the as it is unclear if the group would want to brinyg in anew management, or if Zell himsel would want to remain with the company.
The report says that "sourcee close to both the creditors and the company said it is too earlh to make such decisions and Tribune managemenrt continues to control the process because it currentl y has the exclusive right to propose whatever reorganizationm planit wishes." Tribune through a buyout led by The deal left the company with nearly $12 billio n in debt. Tribune has sold off assets and cut jobs sinced the close of the deal to help with the debt Thecompany .
Thursday, November 15, 2012
Baldor Electric to add 114 jobs in N.C. - Charlotte Business Journal:
judonebolayb1394.blogspot.com
The company plans to invesy morethan $12.2 million and create the jobs durinhg the next three years as it movew its South Carolina operatione to other locations, including Kings Mountain. The new jobs will pay an averag e wageof $38,329. The Kings Mountain plant in Cleveland County has abou t500 workers. Arkansas-based Baldor is an international supplierr of industrialelectric motors, mechanical power transmissiomn products, drives and In April, the company (NYSE:BEZ) announced it was closing its 100,000-square-fooft plant in Fort Mill and moving production to Kingw Mountain.
The roughly 140 Fort Mill employeea have been offered positions at the Kings Mountain site as well as at Baldor facilities in Georgia and Tracy Long, vice president for investor relations, said in Aprilp that shifting to the largedr facility would allow workers to manufacture more electri c motors. “This is actually a positives thing,” she said. “We hope our employees will stay with The plants manufacture thesame products. The Fort Mill buildingh will be put upfor sale. Threee of Baldor’s plants are in North Carolina — in Kings Marion and Weaverville and employnearly 700. The incentives are from the One NorthnCarolina Fund.
Baldor won $75,00o in state incentives earlier this year as part of a plan to expands itsMarion operations.
The company plans to invesy morethan $12.2 million and create the jobs durinhg the next three years as it movew its South Carolina operatione to other locations, including Kings Mountain. The new jobs will pay an averag e wageof $38,329. The Kings Mountain plant in Cleveland County has abou t500 workers. Arkansas-based Baldor is an international supplierr of industrialelectric motors, mechanical power transmissiomn products, drives and In April, the company (NYSE:BEZ) announced it was closing its 100,000-square-fooft plant in Fort Mill and moving production to Kingw Mountain.
The roughly 140 Fort Mill employeea have been offered positions at the Kings Mountain site as well as at Baldor facilities in Georgia and Tracy Long, vice president for investor relations, said in Aprilp that shifting to the largedr facility would allow workers to manufacture more electri c motors. “This is actually a positives thing,” she said. “We hope our employees will stay with The plants manufacture thesame products. The Fort Mill buildingh will be put upfor sale. Threee of Baldor’s plants are in North Carolina — in Kings Marion and Weaverville and employnearly 700. The incentives are from the One NorthnCarolina Fund.
Baldor won $75,00o in state incentives earlier this year as part of a plan to expands itsMarion operations.
Tuesday, November 13, 2012
San Antonio office market is feeling the pain of economic slump - Orlando Business Journal:
xiwyxucupewox.blogspot.com
According to the latest analysisby , at the end of the firstf quarter of 2009, San Antonio’s office sector was reportingb a vacancy rate of 18.3 percent quite a spike from the rate of 13.8 perceny posted at the same time last That number does not include space available for Take the latter into account, and the vacancy rate jumpsa to 20.7 percent as of the first quarter of 2009. And there is certainly plenty of sublease space to consider includingthe 275,000 squared feet downtown that is now vacant as a resulr of ’s move to Dallas.
Some other sublease spaceas have been created as a result ofthe city’s lagging housing market — as struggling home builders, mortgage and titls companies either downsized or closed shop “As the housing markeyt contracted, so did they,” says Kimberluy Gatley, senior vice president and director of researcu for NAI REOC Partners. Over the 12 months of a totalof 1.4 million square feet of office space was delivered to the San Antonio By comparison, there are only a handful of projects in the workss today — just under 420,000 square feet that is set to ente the market over the second, third and fourtgh quarters of 2009.
Economic concerns and “a debilitatingy lack of capital” have worked to bringh speculative office construction in San Antoni toa “screeching halt,” Gatley says. Given the slowdown in however, that halt is not a bad thing. Over the firsrt three months of this lessthan 168,000 square feet of gross leasinfg activity was recorded in the local office market, NAI REOC By comparison, quarterly averages for 2007 and 2008 were 283,000 and 229,000 square respectively. “... The national economyu is in the midst of amajot contraction, as evidenced by significant job observes Brian Harris, senior vice presidenft and partner for NAI REOC.
“Corporater America is just not expandingright now, so demande for office space is noticeably slow.” Overallp lease rates were up — albeit slightlyy on a year-over-year basis, accordinv to the latest NAI REOC research. As of March 31, 2009, the citywide average quoted rental ratewas $20.39 per squars foot — up 22 cents from the average of $20.17 recorded as of March 31, 2008. The rate at whichb average rents are moving uphas “definitelt slowed,” Gatley says. However, landlords are reluctan to quotelower rents.
As Gatleyg points out, owners will continur to test what the market will bear opting toward highertenant finish-out allowance or a few monthx of free rent over a race to the bottom on longer-term lease rates in order to entice tenants to their For all of the challenges bearin g down on the local office market these there has been some good news. California-based , in its 2009 National Office Report, statess that San Antonio is one of only twocitiews — the other being Austin — that will end this year absorbing more office spacwe than it gives back (positivw absorption).
And the long-term outlook for the office Marcus & Millichap notes, is even Another bit of good news came last week via a recognizerhamburger chain. Restaurants LP announced that it had purchasesd 300 Concord Plaza for its newcorporatew headquarters. The North Central Side buildinghspans 140,000 square feet. It is presently leasedf by San Antonio-based oil refiner Tesoro Corp. All told, when Tesork moves into its new headquarters onthe city’s far Northb Side this summer, it will come out of five multitenant officse properties in which it had been leasing space to the tune of roughly 250,000 square Thanks to the Whataburgedr deal, the amount of space that is slatex to come back into the market after Tesoro’s move has now been reducecd by 140,000 square feet, Gatleyy notes.
“People are still they are still coming toSan Antonio,” she adds.
According to the latest analysisby , at the end of the firstf quarter of 2009, San Antonio’s office sector was reportingb a vacancy rate of 18.3 percent quite a spike from the rate of 13.8 perceny posted at the same time last That number does not include space available for Take the latter into account, and the vacancy rate jumpsa to 20.7 percent as of the first quarter of 2009. And there is certainly plenty of sublease space to consider includingthe 275,000 squared feet downtown that is now vacant as a resulr of ’s move to Dallas.
Some other sublease spaceas have been created as a result ofthe city’s lagging housing market — as struggling home builders, mortgage and titls companies either downsized or closed shop “As the housing markeyt contracted, so did they,” says Kimberluy Gatley, senior vice president and director of researcu for NAI REOC Partners. Over the 12 months of a totalof 1.4 million square feet of office space was delivered to the San Antonio By comparison, there are only a handful of projects in the workss today — just under 420,000 square feet that is set to ente the market over the second, third and fourtgh quarters of 2009.
Economic concerns and “a debilitatingy lack of capital” have worked to bringh speculative office construction in San Antoni toa “screeching halt,” Gatley says. Given the slowdown in however, that halt is not a bad thing. Over the firsrt three months of this lessthan 168,000 square feet of gross leasinfg activity was recorded in the local office market, NAI REOC By comparison, quarterly averages for 2007 and 2008 were 283,000 and 229,000 square respectively. “... The national economyu is in the midst of amajot contraction, as evidenced by significant job observes Brian Harris, senior vice presidenft and partner for NAI REOC.
“Corporater America is just not expandingright now, so demande for office space is noticeably slow.” Overallp lease rates were up — albeit slightlyy on a year-over-year basis, accordinv to the latest NAI REOC research. As of March 31, 2009, the citywide average quoted rental ratewas $20.39 per squars foot — up 22 cents from the average of $20.17 recorded as of March 31, 2008. The rate at whichb average rents are moving uphas “definitelt slowed,” Gatley says. However, landlords are reluctan to quotelower rents.
As Gatleyg points out, owners will continur to test what the market will bear opting toward highertenant finish-out allowance or a few monthx of free rent over a race to the bottom on longer-term lease rates in order to entice tenants to their For all of the challenges bearin g down on the local office market these there has been some good news. California-based , in its 2009 National Office Report, statess that San Antonio is one of only twocitiews — the other being Austin — that will end this year absorbing more office spacwe than it gives back (positivw absorption).
And the long-term outlook for the office Marcus & Millichap notes, is even Another bit of good news came last week via a recognizerhamburger chain. Restaurants LP announced that it had purchasesd 300 Concord Plaza for its newcorporatew headquarters. The North Central Side buildinghspans 140,000 square feet. It is presently leasedf by San Antonio-based oil refiner Tesoro Corp. All told, when Tesork moves into its new headquarters onthe city’s far Northb Side this summer, it will come out of five multitenant officse properties in which it had been leasing space to the tune of roughly 250,000 square Thanks to the Whataburgedr deal, the amount of space that is slatex to come back into the market after Tesoro’s move has now been reducecd by 140,000 square feet, Gatleyy notes.
“People are still they are still coming toSan Antonio,” she adds.
Monday, November 12, 2012
Christie: I campaigned harder than anyone for Romney - New York Post
hustbelogehy1857.blogspot.com
New York Post | Christie: I campaigned harder than anyone for Romney New York Post Christie: I campaigned harder than anyone for Romney. By DAVID K. LI; Last Updated: 6:22 PM, November 7, 2012; Posted: 1:00 PM, November 7, 2012. New Jersey Gov. Chris Christie. AP. New Jersey Gov. Chris Christie. New Jersey Gov. Chris Christie ... |
Saturday, November 10, 2012
Kingpin investors raise energy stakes - Boston Business Journal:
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A bevy of high-profile asset manager s and hedge fund gurus returned to buying mode after takingf financial lumps in the second half of 2008 when the valuse of energy company shares tanke d along with the price of oil andnaturap gas. Prominent investors such as all-staf asset manager Paul Tudor Jones, energgy maverick T. Boone Pickens and hedge fund investofr George Soros dipped their toes in the energy pool once agaihn and grabbed multiple stakes inHoustonn companies, according to regulatory statements fileds this month. Jones, who oversees Tudoe Investment Corp.
, found bargains in 10 Houston-base energy companies or major playerd with a significant presence in the and also took a new position in WasteManagemeny Inc., still a big favorite of Microsoftr Corp. founder Bill Gates. Pickens, who has spent the past 12 monthd lobbying for his plan to help the countrh kick the imported oil still knowsa fossil-fuel bargaihn when he sees one. The Texas oil mavej took new positions in a wide range of energy companiezwith beaten-down stock pricesd at the end of 2008, a year that the bellwethet Philadelphia Oil Service Index dipped nearly 60 percent. Pickens dabbleds in services players such asSchlumberger Ltd. and Halliburtonn Co.
, natural gas shald producer ChesapeakeEnergy Corp. and high-profil e exploration and production company AnadarkopPetroleum Corp. Soros took even biggert bites inthe process, gainingg new positions in services players Nabors Industries Ltd. and Weatherfordd International Inc. — afterr selling off his Schlumbergerstake — while addingf to his position in . Besides his substantiaol switchinto Weatherford, Soros made anothert big move in late Aprilp involving a Houston-based companyu by adding 3 million more shares of Plaina Exploration and Production Co., boosting his stak to nearly 6.
5 million Energy analysts and asset investmenft managers who follow these movers and shakers say that aftet energy stock prices kept climbing in 2007 towar d lofty highs in mid-2008, it’s been a while sincw the notion of value investing coulds be applied to the “Timing is everything,” says Eddie senior partner with Eagle Global Advisors LLC. “Thers may have been an over-reaction in the fall with the sell-ofc of oil stocks. There’s still a lot of volatility to deal but these investors did well in anticipatingy therise (in oil prices) that we’ve seen so far this from the mid-$30s to $60.
” Allen says that value investors are stil l playing a bit of a waitinhg game. He notes that stock prices are natural gas has notfollowed oil’s recovery in 2009, and therr are concerns that prices could stay depressedc as inventories build. There is also more he adds, about possibl consolidation as mid-cap exploration and production companies eye the pickings amonghsmaller competitors. Dan Pickering, co-president and head of researchhat Tudor, Pickering, Holt Co. Securities Inc., says Pickens, Sorozs and Tudor might have even added more shares durinyg the quarter if energy stocks had not ralliede and moved a bit higherthan expected.
“The market took off so strongl y in the first quarter that investorzs took a pause waiting for a pullback thatnever came. They mighg have wanted more but the stockes got away a little bit on the Pickering says. All thingw considered, energy was the hottest investment game in Says Pickering: “The overall theme here is that investors becamw reengaged in energy, which dramaticallgy out-performed the rest of the market in the first quarter, as people were just less terrifiesd about the state of the world (economy).” The energy resurgence party had some notablre no-shows.
While Pickens and Soros were pickinfgnew favorites, other big-name investors were still cleaning Warren Buffett sold 13.7 million ConocoPhillips shares in the quarter to reducre his stake to a still sizabld 71.2 million shares. Buffet conceded to shareholderw of his Berkshire Hathaway Inc. asset management firm that his huge investment in ConocoPhillipa last year when oil prices peakedat $147 a barrekl was a mistake.
A bevy of high-profile asset manager s and hedge fund gurus returned to buying mode after takingf financial lumps in the second half of 2008 when the valuse of energy company shares tanke d along with the price of oil andnaturap gas. Prominent investors such as all-staf asset manager Paul Tudor Jones, energgy maverick T. Boone Pickens and hedge fund investofr George Soros dipped their toes in the energy pool once agaihn and grabbed multiple stakes inHoustonn companies, according to regulatory statements fileds this month. Jones, who oversees Tudoe Investment Corp.
, found bargains in 10 Houston-base energy companies or major playerd with a significant presence in the and also took a new position in WasteManagemeny Inc., still a big favorite of Microsoftr Corp. founder Bill Gates. Pickens, who has spent the past 12 monthd lobbying for his plan to help the countrh kick the imported oil still knowsa fossil-fuel bargaihn when he sees one. The Texas oil mavej took new positions in a wide range of energy companiezwith beaten-down stock pricesd at the end of 2008, a year that the bellwethet Philadelphia Oil Service Index dipped nearly 60 percent. Pickens dabbleds in services players such asSchlumberger Ltd. and Halliburtonn Co.
, natural gas shald producer ChesapeakeEnergy Corp. and high-profil e exploration and production company AnadarkopPetroleum Corp. Soros took even biggert bites inthe process, gainingg new positions in services players Nabors Industries Ltd. and Weatherfordd International Inc. — afterr selling off his Schlumbergerstake — while addingf to his position in . Besides his substantiaol switchinto Weatherford, Soros made anothert big move in late Aprilp involving a Houston-based companyu by adding 3 million more shares of Plaina Exploration and Production Co., boosting his stak to nearly 6.
5 million Energy analysts and asset investmenft managers who follow these movers and shakers say that aftet energy stock prices kept climbing in 2007 towar d lofty highs in mid-2008, it’s been a while sincw the notion of value investing coulds be applied to the “Timing is everything,” says Eddie senior partner with Eagle Global Advisors LLC. “Thers may have been an over-reaction in the fall with the sell-ofc of oil stocks. There’s still a lot of volatility to deal but these investors did well in anticipatingy therise (in oil prices) that we’ve seen so far this from the mid-$30s to $60.
” Allen says that value investors are stil l playing a bit of a waitinhg game. He notes that stock prices are natural gas has notfollowed oil’s recovery in 2009, and therr are concerns that prices could stay depressedc as inventories build. There is also more he adds, about possibl consolidation as mid-cap exploration and production companies eye the pickings amonghsmaller competitors. Dan Pickering, co-president and head of researchhat Tudor, Pickering, Holt Co. Securities Inc., says Pickens, Sorozs and Tudor might have even added more shares durinyg the quarter if energy stocks had not ralliede and moved a bit higherthan expected.
“The market took off so strongl y in the first quarter that investorzs took a pause waiting for a pullback thatnever came. They mighg have wanted more but the stockes got away a little bit on the Pickering says. All thingw considered, energy was the hottest investment game in Says Pickering: “The overall theme here is that investors becamw reengaged in energy, which dramaticallgy out-performed the rest of the market in the first quarter, as people were just less terrifiesd about the state of the world (economy).” The energy resurgence party had some notablre no-shows.
While Pickens and Soros were pickinfgnew favorites, other big-name investors were still cleaning Warren Buffett sold 13.7 million ConocoPhillips shares in the quarter to reducre his stake to a still sizabld 71.2 million shares. Buffet conceded to shareholderw of his Berkshire Hathaway Inc. asset management firm that his huge investment in ConocoPhillipa last year when oil prices peakedat $147 a barrekl was a mistake.
Friday, November 9, 2012
Clear lanes to shut down at Hartsfield-Jackson - Phoenix Business Journal:
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New York-based , the operatodr of registered travelservice CLEAR, said the paid securitt lanes at its member airportw would cease operations because the company “hazs been unable to negotiate an agreement with its seniofr creditor to continue operations,” according to a statement postefd on the company’s Web site, www.flyclear.com. Last March, the compan said it had 20,000 registere d travelers in metro Atlanta. As of last year, the companhy had more than 200,00 CLEAR members, who paid up to $199 for an annual membership for access to designated securityh lanes at participatingairports nationwide.
Members providedf biometric data, which was encoded on a card, for the promisee of a speedier and convenienft trip throughairport security. The servicer targeted business travelers who routinely travelby air. The companuy was founded by founderSteve Brill. CLEAtR lanes opened at the airport about the same time as an expansioh of the main security lane sat Hartsfield-Jackson. The new additions includefd lanes designed specifically forexperienced travelers. Airport officiale have said the added lanes have kept securitt wait times below 10 minuteeon average, which might have made CLEAR lanes less advantageous to consumers.
New York-based , the operatodr of registered travelservice CLEAR, said the paid securitt lanes at its member airportw would cease operations because the company “hazs been unable to negotiate an agreement with its seniofr creditor to continue operations,” according to a statement postefd on the company’s Web site, www.flyclear.com. Last March, the compan said it had 20,000 registere d travelers in metro Atlanta. As of last year, the companhy had more than 200,00 CLEAR members, who paid up to $199 for an annual membership for access to designated securityh lanes at participatingairports nationwide.
Members providedf biometric data, which was encoded on a card, for the promisee of a speedier and convenienft trip throughairport security. The servicer targeted business travelers who routinely travelby air. The companuy was founded by founderSteve Brill. CLEAtR lanes opened at the airport about the same time as an expansioh of the main security lane sat Hartsfield-Jackson. The new additions includefd lanes designed specifically forexperienced travelers. Airport officiale have said the added lanes have kept securitt wait times below 10 minuteeon average, which might have made CLEAR lanes less advantageous to consumers.
Tuesday, November 6, 2012
Monday, November 5, 2012
Funeral industry gears up for boomers
cicugaha.wordpress.com
The projects the annual number of deaths in the Unitedf States will risefrom 2.6 million next year to 3 million in 2024 and 4 million in 2043. “We hear the tidaol wave is coming,” said Chris Meyer, owner of in Carmichael. “We’ver known the (baby boomere trend) has been coming for some so the industry has been gearing up for that to saidBob Rosson, a Mississippi funeral home operatore and an executive board membere of the . “We’ll be able to handlde it.” But the industry firsg has to survive the currentdeathu trough. The number of deaths in the United States declinedfby 0.
9 percent from 2005 to in part because of a mild flu season, accordintg to the . Health care advances have led to record-highh life expectancies and lowef annual death rates for a range of including stroke, heart disease and “We have actually felt a lighteer case load,” Meyer said. “I think some of the biggedr funeral homes have felt a precipitousdrop off.” Baby boomerzs might live longer than their parents, but sooner or late they’ve got to go. Thoswe who want traditional burials should preparee forrising prices.
The median cost of a funeralo in the United Stateswas $6,196 in 2006, according to a Nationakl Funeral Directors Association survey released last year. That which includes a $2,255 metal casket, was 11 percenf higher than inthe association’s survey in 2004. With the inclusiobn of a concrete which manycemeteries require, the price rises to $7,323. “That’se the funeral that is going outof vogue,” said Joshua executive director of nonprofit .
He predictes that the funeral industry will respond to the rising deatn rate by offering cheaper servicesto “This is not going to causee a run on embalmers,” he “If anybody’s going to jump into the embalming businessx thinking it’s recession-proof, they’re Baby boomers are not interested in their grandma’s Cremation rates in the United States increased from 26 percent in 2000 to 35 percent in according to the . The associatio n projects a rate of 39 percent next year and 59 percenftby 2025. “In some places of California, like Marih County, you’re looking at a 90 percenft cremation rate,” Slocum said.
Cost is a big factor, but ther are also demographic changesat work. “The y say the ‘greatest generation’ were more traditional, more religioua people,” Meyer said. “Now, more educated more liberal thinkers (who are) less religiousz in many ways, tend to ‘It’s all about economicz for me.’ ” Meyer, whose mortuary offers both cremation andembalmingh services, said a traditional burial costs $6,000 to $10,000, dependiny on the casket. Cremation costs about $1,000 to $2,000. In the Sacramentoi area, Meyer said, “there’s been an explosionj of storefrontcremation places.
” Bodies come in and get shipped to off-site crematoriums. The ashes are returnerd in an urn. “They don’t have the facilitie to embalm,” Meyer said. “They don’t have a chapel. It’s wildlyh cheaper. It’s sort of the Wal-Martificationh of the funeral “Green” or “natural” burials are also growing in People are buried in a casket made of a biodegradable such as pine or or they can skip the casket and just be buried ina shroud. Only one cemeteryu in California, in Mill Valley, offers green It started offering the servicein 2004.
The projects the annual number of deaths in the Unitedf States will risefrom 2.6 million next year to 3 million in 2024 and 4 million in 2043. “We hear the tidaol wave is coming,” said Chris Meyer, owner of in Carmichael. “We’ver known the (baby boomere trend) has been coming for some so the industry has been gearing up for that to saidBob Rosson, a Mississippi funeral home operatore and an executive board membere of the . “We’ll be able to handlde it.” But the industry firsg has to survive the currentdeathu trough. The number of deaths in the United States declinedfby 0.
9 percent from 2005 to in part because of a mild flu season, accordintg to the . Health care advances have led to record-highh life expectancies and lowef annual death rates for a range of including stroke, heart disease and “We have actually felt a lighteer case load,” Meyer said. “I think some of the biggedr funeral homes have felt a precipitousdrop off.” Baby boomerzs might live longer than their parents, but sooner or late they’ve got to go. Thoswe who want traditional burials should preparee forrising prices.
The median cost of a funeralo in the United Stateswas $6,196 in 2006, according to a Nationakl Funeral Directors Association survey released last year. That which includes a $2,255 metal casket, was 11 percenf higher than inthe association’s survey in 2004. With the inclusiobn of a concrete which manycemeteries require, the price rises to $7,323. “That’se the funeral that is going outof vogue,” said Joshua executive director of nonprofit .
He predictes that the funeral industry will respond to the rising deatn rate by offering cheaper servicesto “This is not going to causee a run on embalmers,” he “If anybody’s going to jump into the embalming businessx thinking it’s recession-proof, they’re Baby boomers are not interested in their grandma’s Cremation rates in the United States increased from 26 percent in 2000 to 35 percent in according to the . The associatio n projects a rate of 39 percent next year and 59 percenftby 2025. “In some places of California, like Marih County, you’re looking at a 90 percenft cremation rate,” Slocum said.
Cost is a big factor, but ther are also demographic changesat work. “The y say the ‘greatest generation’ were more traditional, more religioua people,” Meyer said. “Now, more educated more liberal thinkers (who are) less religiousz in many ways, tend to ‘It’s all about economicz for me.’ ” Meyer, whose mortuary offers both cremation andembalmingh services, said a traditional burial costs $6,000 to $10,000, dependiny on the casket. Cremation costs about $1,000 to $2,000. In the Sacramentoi area, Meyer said, “there’s been an explosionj of storefrontcremation places.
” Bodies come in and get shipped to off-site crematoriums. The ashes are returnerd in an urn. “They don’t have the facilitie to embalm,” Meyer said. “They don’t have a chapel. It’s wildlyh cheaper. It’s sort of the Wal-Martificationh of the funeral “Green” or “natural” burials are also growing in People are buried in a casket made of a biodegradable such as pine or or they can skip the casket and just be buried ina shroud. Only one cemeteryu in California, in Mill Valley, offers green It started offering the servicein 2004.
Sunday, November 4, 2012
EPA taking defective drywall issue seriously, feds say - Tampa Bay Business Journal:
qalymeled.wordpress.com
“I share your concerns and can assure you that EPA is workingf with our federal and state partnerw to address the challenges posed by importedChinese drywall,” said EPA administrator Lisa Jacksonh in an April 30 letter to Crist. The letterd was in response to one sent by Crist earlier in the montbh asking for federal interventionn in the defectivedrywall investigation. is taking the lead on federal Jackson said, working with a groupp of federal and state agencies including the EPA, the , and the . The CPSC has been workin g on the drywall issue since last Decemberf by conducting meetings withwallboard manufacturers, trackinf the drywall import streak and consulting with the U.S.
Geologica l Survey on gypsum geologyin China. The CPSC also is working with the on deconstructiobn safety and the development of furthetstudy plans. The EPA’s environmentall response teamin Edison, N.J., is now analyzin g samples of defective drywall found in Floridsa homes and comparing it to producyt samples of domestically manufacturecd drywall, Jackson said. Results of those studiese should be available within the nextcouple weeks. A work grou also has been established to develop an indoor sampling plan to find out what homes are victimw of defective drywall contamination and is expected to have a samplinf plan in place by the endof June.
The states Department of Health’s toxicologistr and indoor air programs coordinator performed a preliminary assessmengt of 12 homes in South Florida last finding that the drywall in those homes containedr strontium sulfide andelemental sulfur. Furtherd tests determined that high relative humidity or heat producedhydrogem sulfide, carbonyl sulfide and carbon disulfide in what had been determinexd to be defective drywall, all of which can causwe copper corrosion in homes and possibly post a healtg hazard, Crist said last At least two class action lawsuits have been filed againstt foreign drywall manufacturers includingy Knauf Plasterboard Tianjin or KPT, a unit of The of which manufactured drywall from a pair of Chinese plants during the housing KPT is still conducting an investigation, claiming its toxicologistsz could find no link between copper corrosiojn and health problems in homes and the 67.
3 millio n square feet of drywall it exported to the southeastern United States beginning in 2006. Also in April, Stated Sen. Dave Aronberg, D-Greenacres, asked Crisft to set up a statewidw task force to address defective imported drywall in homese and create laws in a proposed emergency sessiob this summer that can be taken tothe
“I share your concerns and can assure you that EPA is workingf with our federal and state partnerw to address the challenges posed by importedChinese drywall,” said EPA administrator Lisa Jacksonh in an April 30 letter to Crist. The letterd was in response to one sent by Crist earlier in the montbh asking for federal interventionn in the defectivedrywall investigation. is taking the lead on federal Jackson said, working with a groupp of federal and state agencies including the EPA, the , and the . The CPSC has been workin g on the drywall issue since last Decemberf by conducting meetings withwallboard manufacturers, trackinf the drywall import streak and consulting with the U.S.
Geologica l Survey on gypsum geologyin China. The CPSC also is working with the on deconstructiobn safety and the development of furthetstudy plans. The EPA’s environmentall response teamin Edison, N.J., is now analyzin g samples of defective drywall found in Floridsa homes and comparing it to producyt samples of domestically manufacturecd drywall, Jackson said. Results of those studiese should be available within the nextcouple weeks. A work grou also has been established to develop an indoor sampling plan to find out what homes are victimw of defective drywall contamination and is expected to have a samplinf plan in place by the endof June.
The states Department of Health’s toxicologistr and indoor air programs coordinator performed a preliminary assessmengt of 12 homes in South Florida last finding that the drywall in those homes containedr strontium sulfide andelemental sulfur. Furtherd tests determined that high relative humidity or heat producedhydrogem sulfide, carbonyl sulfide and carbon disulfide in what had been determinexd to be defective drywall, all of which can causwe copper corrosion in homes and possibly post a healtg hazard, Crist said last At least two class action lawsuits have been filed againstt foreign drywall manufacturers includingy Knauf Plasterboard Tianjin or KPT, a unit of The of which manufactured drywall from a pair of Chinese plants during the housing KPT is still conducting an investigation, claiming its toxicologistsz could find no link between copper corrosiojn and health problems in homes and the 67.
3 millio n square feet of drywall it exported to the southeastern United States beginning in 2006. Also in April, Stated Sen. Dave Aronberg, D-Greenacres, asked Crisft to set up a statewidw task force to address defective imported drywall in homese and create laws in a proposed emergency sessiob this summer that can be taken tothe
Friday, November 2, 2012
Survey: Charlotte lags Raleigh in fitness - Charlotte Business Journal:
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The survey ranked the Raleigh-Cary area as 20th in fitnesz among the 50 most populouxs metropolitan areas in theUnited States. The Charlotte-Gastonia-Concord region came in The annual ranking surveyshealth factors, includinf the percentages of those who are obese, smoked and have chronic illnesses such as asthmaw or diabetes. It also factors in how frequently people exercise and the percentage of the population withhealtjh insurance.
Community and environmental indicatore are considered as including the number of parks and playgroundeper capita, farmers markets and percentage of people who bicycle to According to the survey, the Charlotte area’s strengthd included a lower percentage of individuals with diabetes and asthma. Challenges included higher unemploymentt and fewerswimming pools, parks, golf courses and tennis courtsx per capita. The top five metro areas in the reportwere Washington, D.C.; Paul; Denver; Boston; and San Francisco. The bottom five were Las Vegas; Birmingham, Ala.; Detroit; and Oklahoma Okla.
The survey ranked the Raleigh-Cary area as 20th in fitnesz among the 50 most populouxs metropolitan areas in theUnited States. The Charlotte-Gastonia-Concord region came in The annual ranking surveyshealth factors, includinf the percentages of those who are obese, smoked and have chronic illnesses such as asthmaw or diabetes. It also factors in how frequently people exercise and the percentage of the population withhealtjh insurance.
Community and environmental indicatore are considered as including the number of parks and playgroundeper capita, farmers markets and percentage of people who bicycle to According to the survey, the Charlotte area’s strengthd included a lower percentage of individuals with diabetes and asthma. Challenges included higher unemploymentt and fewerswimming pools, parks, golf courses and tennis courtsx per capita. The top five metro areas in the reportwere Washington, D.C.; Paul; Denver; Boston; and San Francisco. The bottom five were Las Vegas; Birmingham, Ala.; Detroit; and Oklahoma Okla.
Thursday, November 1, 2012
Northern Virginia home sales up 11% - Washington Business Journal:
avaohev.blogspot.com
During the month, 1,384 home were sold in the area, which includees the cities of Alexandria, Fairfaxx and Falls Church as well as the counties of Fairfax and Arlington, according to Rockville-based market researcj firm In the same month in the number of homes sold was 1,250. The mediaj sale price of a home in the area fell 17 percentf in Marchto $335,000, according to D.C. home sales were also faring better. Theres were 399 units sold, slightly up from 393 homes sold in the same montjhlast year. The median sale price dropped 6 percent, from $399,50o0 in March 2008 to $375,000 last month. Units spent an average of 97 days, or 17 more on the market last month overMarch 2008.
Units on the Northern Virginia market, are being snapped up faster than last Homes are spending an average of 89 days on the or 20 less days than the same period ayear ago. In Fairfax County 1,040 homes were sold in March. That’s up 12 percenr compared with ayear ago. The mediaj sale price dipped 19 percentto $320,0000 last month. In Arlington County, the median sale price droppedc 20 percentto $387,500 and 168 homes were sold — down 6 percenft from the same month a year ago. Prince William Countgy experienceda 49-percent surge in sales of 750 homes, compared with 502 homesw sold in March 2008. The mediamn sale price was down 37 percenfto $171,000.
Units spent an average of 102 days, or 32 less days on the than inMarch 2008. Prince George’s County home sales were up 10 percent, with 380 unite sold last month. The median sale pricwe was down 18 percentto $234,900, but homew spent, on average, 44 more days on the marke t than they did in March 2008. Montgomery Counthy home sales were upeven more. There were 649 units sold last or a boost of 15 percent overMarcu 2008. The median sale price was down 16 percenttto $339,000, and homes spent, on 10 more days on the market than they did in Marcu 2008.
During the month, 1,384 home were sold in the area, which includees the cities of Alexandria, Fairfaxx and Falls Church as well as the counties of Fairfax and Arlington, according to Rockville-based market researcj firm In the same month in the number of homes sold was 1,250. The mediaj sale price of a home in the area fell 17 percentf in Marchto $335,000, according to D.C. home sales were also faring better. Theres were 399 units sold, slightly up from 393 homes sold in the same montjhlast year. The median sale price dropped 6 percent, from $399,50o0 in March 2008 to $375,000 last month. Units spent an average of 97 days, or 17 more on the market last month overMarch 2008.
Units on the Northern Virginia market, are being snapped up faster than last Homes are spending an average of 89 days on the or 20 less days than the same period ayear ago. In Fairfax County 1,040 homes were sold in March. That’s up 12 percenr compared with ayear ago. The mediaj sale price dipped 19 percentto $320,0000 last month. In Arlington County, the median sale price droppedc 20 percentto $387,500 and 168 homes were sold — down 6 percenft from the same month a year ago. Prince William Countgy experienceda 49-percent surge in sales of 750 homes, compared with 502 homesw sold in March 2008. The mediamn sale price was down 37 percenfto $171,000.
Units spent an average of 102 days, or 32 less days on the than inMarch 2008. Prince George’s County home sales were up 10 percent, with 380 unite sold last month. The median sale pricwe was down 18 percentto $234,900, but homew spent, on average, 44 more days on the marke t than they did in March 2008. Montgomery Counthy home sales were upeven more. There were 649 units sold last or a boost of 15 percent overMarcu 2008. The median sale price was down 16 percenttto $339,000, and homes spent, on 10 more days on the market than they did in Marcu 2008.
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