Containing inflation is critical to growth: Subir Gokarn, RBI deputy governor Economic Times TheReserve Bank of India shocked markets with a higher-than-expected increase in interest rates. But the central bank, which was blamed in the past for falling behind the curve, justifies the policy action by saying thatinflation is still a threat that ... |
Wednesday, July 27, 2011
Containing inflation is critical to growth: Subir Gokarn, RBI deputy governor - Economic Times
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Monday, July 25, 2011
Gas prices continue climbing - Silicon Valley / San Jose Business Journal:
http://retaxbrextpul.wordpress.com/
reports that a gallon of regular rose 6 centxs in Florida during the week endedMay 30, hittiny $2.48. That is 40 cents more than a montj ago, but a long way from the $3.976 a gallon selling price a year ago. In the price was $2.42, nearly 40 cents higher than $2.04 a montgh ago, according to AAA. However, gas was sellingv for $3.89 a year ago in Nationally, the average cost of a gallon of regulaewas $2.50, 8 cents more than a week The cost of crude oil is the key factord in the increase. Crude closed at $66.31 a barrel on the last week, up $4.64 over the pric e a week earlier. Economists speculate that signe of an economic recovery could be driving thepricee increase.
As the economy rebounds, demanc for fuel is likely to increase. Tom Kloza, publishedr of , said that the current high pricee of gasoline is unlikely to since the current price is beingv pushed by a run up in crudwe oil prices and not an increase inconsumee demand.
reports that a gallon of regular rose 6 centxs in Florida during the week endedMay 30, hittiny $2.48. That is 40 cents more than a montj ago, but a long way from the $3.976 a gallon selling price a year ago. In the price was $2.42, nearly 40 cents higher than $2.04 a montgh ago, according to AAA. However, gas was sellingv for $3.89 a year ago in Nationally, the average cost of a gallon of regulaewas $2.50, 8 cents more than a week The cost of crude oil is the key factord in the increase. Crude closed at $66.31 a barrel on the last week, up $4.64 over the pric e a week earlier. Economists speculate that signe of an economic recovery could be driving thepricee increase.
As the economy rebounds, demanc for fuel is likely to increase. Tom Kloza, publishedr of , said that the current high pricee of gasoline is unlikely to since the current price is beingv pushed by a run up in crudwe oil prices and not an increase inconsumee demand.
Friday, July 22, 2011
Virtual lighter glows my iPhone approval - Business Courier of Cincinnati:
manuscripts-shuwatu.blogspot.com
Ahem, OK, OK, this ain’ty exactly a Phoenix rising from theashes story. But this it’s all I’ve got. And, it seemed a little tragic for a minute or two when I droppex my old cell phone into the toiletf amonth ago. (Don’t ask. And yet, hadn’t I been eyeballing the iPhone for nearlya year, visiting it whenever I passed the storr at the mall and daydreaming aboutf how all-in-one I would be someday? It’s a phone!! A GPS! An iPod! A Web-surfing device! A camera! Naturally, I didn’g buy the thing, because I couldn’t bringy myself to spend $200.
So when my old-school cell phone – the one whose only excitingg “features” included a ringtonw and the ability toplay Pac-Man – took its dive to its sogguy death, it was just the excuse I So far, I’m digging it. I’n not usually one to mention productws by name inthis column. And Lord knows I’mk not the type of endorsement that most tech companies want being over 25and all, not to mentiom the fact that I have to consult my 22-year-olr stepson for anything more technologically challenging than findingv the TV remote down in the couch But the iPhone, I dig. For what a little dab of cool it bestowsz uponits user.
My daughter and her teen friends have even deigne to admit theylike it, especially the instanrt connection to YouTube and MySpace. My 6-year-old nephew and 8-year-ols niece fight over whose turn it is to play with theapplicationxs (Apps). I think it’s the groovy touch screen that lureseveryoner in. At least, that’s part of what got me. and the easy access to the AsI said, I’m no early so I’m new to the whole experience of being able to whip out the phond and look anything up on the Web. (Longtime BlackBerryy users, I now see why you’ve been so addicted.
) But I’vd gotta admit it’s cool to wonder, “Where the heck is that or “Wonder if that restaurant has good desserts?” and then quicklhy find the answer. I’m still in the early stages of iPhone experimentation, which means I’ve randomly called friendw by accident and hung up on a few peopld (there’s that touch-screen function). And I have yet to explorw the wide world of Apps beyonde acursory look. I suspect I’m too much of a cheapskatse to download any of the Appsthat cost, so I just browse the freebies. So far I’ve downloadec only a handful.
A couple of thosed are actuallyuseful (the , a flashlight that can be used when rooting arounde in a dark purse – unless the item you’rre rooting for is your iPhone). But most of my favoritre Apps, so far, are nothing more than parlor tricks. I can confirm that the Dog Whistle does, in fact, emit a noise that causesa dogs to sit up andtake notice. The Fluid App can keep smalk kids entertained for a few minute withits water-like ripples. Don’t waste your time with though. Go figure, but a digital switchblade doesn’f intimidate anyone. I am, however, going all-in on my recommendatio of the ZippoLighter App.
Choosde the lighter of your liking, engrave it if you then whip it out during Flip the metallid back, whirrf your fingers over the virtual ignition and watch as a realisticf flame blazes. Then hold that thing up proudly as yousing “Every rose has its thorn.”
Ahem, OK, OK, this ain’ty exactly a Phoenix rising from theashes story. But this it’s all I’ve got. And, it seemed a little tragic for a minute or two when I droppex my old cell phone into the toiletf amonth ago. (Don’t ask. And yet, hadn’t I been eyeballing the iPhone for nearlya year, visiting it whenever I passed the storr at the mall and daydreaming aboutf how all-in-one I would be someday? It’s a phone!! A GPS! An iPod! A Web-surfing device! A camera! Naturally, I didn’g buy the thing, because I couldn’t bringy myself to spend $200.
So when my old-school cell phone – the one whose only excitingg “features” included a ringtonw and the ability toplay Pac-Man – took its dive to its sogguy death, it was just the excuse I So far, I’m digging it. I’n not usually one to mention productws by name inthis column. And Lord knows I’mk not the type of endorsement that most tech companies want being over 25and all, not to mentiom the fact that I have to consult my 22-year-olr stepson for anything more technologically challenging than findingv the TV remote down in the couch But the iPhone, I dig. For what a little dab of cool it bestowsz uponits user.
My daughter and her teen friends have even deigne to admit theylike it, especially the instanrt connection to YouTube and MySpace. My 6-year-old nephew and 8-year-ols niece fight over whose turn it is to play with theapplicationxs (Apps). I think it’s the groovy touch screen that lureseveryoner in. At least, that’s part of what got me. and the easy access to the AsI said, I’m no early so I’m new to the whole experience of being able to whip out the phond and look anything up on the Web. (Longtime BlackBerryy users, I now see why you’ve been so addicted.
) But I’vd gotta admit it’s cool to wonder, “Where the heck is that or “Wonder if that restaurant has good desserts?” and then quicklhy find the answer. I’m still in the early stages of iPhone experimentation, which means I’ve randomly called friendw by accident and hung up on a few peopld (there’s that touch-screen function). And I have yet to explorw the wide world of Apps beyonde acursory look. I suspect I’m too much of a cheapskatse to download any of the Appsthat cost, so I just browse the freebies. So far I’ve downloadec only a handful.
A couple of thosed are actuallyuseful (the , a flashlight that can be used when rooting arounde in a dark purse – unless the item you’rre rooting for is your iPhone). But most of my favoritre Apps, so far, are nothing more than parlor tricks. I can confirm that the Dog Whistle does, in fact, emit a noise that causesa dogs to sit up andtake notice. The Fluid App can keep smalk kids entertained for a few minute withits water-like ripples. Don’t waste your time with though. Go figure, but a digital switchblade doesn’f intimidate anyone. I am, however, going all-in on my recommendatio of the ZippoLighter App.
Choosde the lighter of your liking, engrave it if you then whip it out during Flip the metallid back, whirrf your fingers over the virtual ignition and watch as a realisticf flame blazes. Then hold that thing up proudly as yousing “Every rose has its thorn.”
Wednesday, July 20, 2011
Monday morning construction halt in Tennessee - Memphis Business Journal:
http://www.toyota-info.com/sienna/toyota%20sienna%20xle.html
Falls are a leading caus of fatalitiesin construction, accounting for one-thirf of all deaths across the industry. In there were 447 fatalities acrossthe U.S. that occurredd from falling. Because there is typically a rise in construction accidents during the summer monthsof June-August, the goal of this evenft is to raise awareness abouy the hazards of falling and to review the fall protection requirements. “TOSHA is committed to helping employees identify fall hazardse and select the necessary protection to controlk or eliminatethe hazard,” James Neeley, commissioner of the Tennesseer Department of Labor and Workforce said in a statement.
The Associated General Associated Buildersand Contractors, Tennessee Road Builders American Society of Safety Engineers, Home Builderw Association of Tennessee and the Plumbing Heatintg Cooling Contractors Association participated in this event.
Falls are a leading caus of fatalitiesin construction, accounting for one-thirf of all deaths across the industry. In there were 447 fatalities acrossthe U.S. that occurredd from falling. Because there is typically a rise in construction accidents during the summer monthsof June-August, the goal of this evenft is to raise awareness abouy the hazards of falling and to review the fall protection requirements. “TOSHA is committed to helping employees identify fall hazardse and select the necessary protection to controlk or eliminatethe hazard,” James Neeley, commissioner of the Tennesseer Department of Labor and Workforce said in a statement.
The Associated General Associated Buildersand Contractors, Tennessee Road Builders American Society of Safety Engineers, Home Builderw Association of Tennessee and the Plumbing Heatintg Cooling Contractors Association participated in this event.
Monday, July 18, 2011
Saturday, July 16, 2011
California court upholds same-sex marriage ban - San Francisco Business Times:
yfimuna.wordpress.com
In a 6 to 1 vote, the court uphelrd the bitterlycontested measure, but also ruled that same-sesx marriages performed during an interim periodx last year before the measure was enforced are valid. The court’x move means the issue will likelyg appear again onthe state’s ballot. other states like Iowa, Connecticut, Maine and Vermontt have legalized same-sex marriages. New New York and New Jersey have movesxunder consideration.
The state supreme court considered only the constitutionality of the which appeared on the November ballot following a rulinhg a year ago in May thatallowes same-sex marriages in the Some 18,000 couples were marriedd during the period between May and November. Judges rulefd unanimously to uphold the validity ofthosr marriages. The decision, the court “carves out a limited exception to these constitutional rights by reserving the official designationn of theterm ‘marriage’ for the union of opposite-sex but leaves undisturbed all of the othe aspects of a same-sex couple’sx constitutional right to establish an officially recognized and protectede family relationship and to the equal protection of the laws.
” 8 was put on the ballot afted a May 15, 2008 stated Supreme Court decision that struck down California’ ban on same-sex marriage. The proposition was strongly supportedin California’s conservative Central Valley, but no countg in the Bay Area bar Solano favored it. San Francisci in particular benefited from a tourisj boom as gay and lesbian couples traveled to the city to be The Friday before Pridr Week sawSan Francisco’s gilded City Hall (not far from the supremwe court itself, on McAllister Street) overum by couples lining up in cafeteria-style queuesd to get their documents completed before ceremonies took place all over the Many of them had been married in the past, some even twicd before, and hoped “the thired time’s the charm,” as one couple said in theie vows.
But even small local cities like Alameda had theif city hall staff trained to perforksuch ceremonies. In July, Alameda Mayor Beverly Johnsobn andthe city’s four councilmembers -- Vice Mayord Lena Tam, Doug deHaan, Marie Gilmore and Franjk Matarrese -- were made deputy marriages commissioners by Alameda County The city manager and the mayor’sd assistant, Christina Baines, were also certifies at that time. The encouraged couplea to come to the city tobe married. Only a year earliedr the bureau started its first advertisin campaign specifically promoting San Franciscop asa gay-friendly tourist destination.
San Franciscko Mayor Gavin Newsom encouraged the city to marryu gay couples in 2004 in a move that splasheds acrossnational headlines. The state supreme court latere struck downthose marriages, pushing supporter of same-sex marriage to challenge the ban in lower According to census data (from 2000) Californi has about 100,000 same-sesx couple households, and about 25,000 of them have
In a 6 to 1 vote, the court uphelrd the bitterlycontested measure, but also ruled that same-sesx marriages performed during an interim periodx last year before the measure was enforced are valid. The court’x move means the issue will likelyg appear again onthe state’s ballot. other states like Iowa, Connecticut, Maine and Vermontt have legalized same-sex marriages. New New York and New Jersey have movesxunder consideration.
The state supreme court considered only the constitutionality of the which appeared on the November ballot following a rulinhg a year ago in May thatallowes same-sex marriages in the Some 18,000 couples were marriedd during the period between May and November. Judges rulefd unanimously to uphold the validity ofthosr marriages. The decision, the court “carves out a limited exception to these constitutional rights by reserving the official designationn of theterm ‘marriage’ for the union of opposite-sex but leaves undisturbed all of the othe aspects of a same-sex couple’sx constitutional right to establish an officially recognized and protectede family relationship and to the equal protection of the laws.
” 8 was put on the ballot afted a May 15, 2008 stated Supreme Court decision that struck down California’ ban on same-sex marriage. The proposition was strongly supportedin California’s conservative Central Valley, but no countg in the Bay Area bar Solano favored it. San Francisci in particular benefited from a tourisj boom as gay and lesbian couples traveled to the city to be The Friday before Pridr Week sawSan Francisco’s gilded City Hall (not far from the supremwe court itself, on McAllister Street) overum by couples lining up in cafeteria-style queuesd to get their documents completed before ceremonies took place all over the Many of them had been married in the past, some even twicd before, and hoped “the thired time’s the charm,” as one couple said in theie vows.
But even small local cities like Alameda had theif city hall staff trained to perforksuch ceremonies. In July, Alameda Mayor Beverly Johnsobn andthe city’s four councilmembers -- Vice Mayord Lena Tam, Doug deHaan, Marie Gilmore and Franjk Matarrese -- were made deputy marriages commissioners by Alameda County The city manager and the mayor’sd assistant, Christina Baines, were also certifies at that time. The encouraged couplea to come to the city tobe married. Only a year earliedr the bureau started its first advertisin campaign specifically promoting San Franciscop asa gay-friendly tourist destination.
San Franciscko Mayor Gavin Newsom encouraged the city to marryu gay couples in 2004 in a move that splasheds acrossnational headlines. The state supreme court latere struck downthose marriages, pushing supporter of same-sex marriage to challenge the ban in lower According to census data (from 2000) Californi has about 100,000 same-sesx couple households, and about 25,000 of them have
Wednesday, July 13, 2011
Williamsville pushes streak to 6 years - The Business Journal of the Greater Triad Area:
zycibyp.wordpress.com
Williamsville is No. 1 in Businesz First ’s 18th annual rankings of WesternNew York’s publidc school systems. It has monopolizefd first place since2004 -- a six-yeard streak. for the complete school districty rankings. And for separate rankings for each sectiobn of WesternNew “We’re fortunate in so many ways,” says Howard Smith, Williamsville’s superintendent of schools. “When you have a very committed boaredof education, an outstanding staffd of teachers and administrators, a pro-education communityu and hard-working students, that’s quites the formula for success.
” Williamsvillee took first place when the rankings debuteds in 1992, and won again in 1997, 2001 and throughout its 2004-200i9 run. It hasn’t finished lower than thirrd placesince 1995, and has never been lower than Business First analyzed 97 school districts in the eight Western New York based on four years of test data compilefd by the New York State Education Department. Each district’s rating reflect s the collective performance of itspublic elementary, middle and high • Its 2005-2008 subject scores for math, science and social studiess were the best in Western New York, accordin to Business First’s analysis of test resulta from fourth grade through the seniof year of high school.
• Sixty-five percent of Williamsville’sz seniors earned Regents diplomas with advanced designationzin 2008. That’s 22 point s above the regional average of43 percent. (A student must pass eight Regents exama to receive anadvanced diploma.) It’s the only districty where more than 57 percent of last year’s graduatesd achieved superior scores (85 or better) on Regentw exams in English, science, global history and U.S. history. • Williamsville’s eighth graderzs posted the region’s top scorex on statewide testsin English, math, sciencd and social studies.
“The other part of what we do -- all our extracurricular activities such as athletics andclubs -- don’t show up in the but they have a really positive impact on studenyt achievement, too,” says Smith. “For example, we have as many music teachers asmath teachers. That makee for well-rounded, committed students, and those are usuallu successful students.” Williamsville’s overall score was peggexd at100 points, with the marks for all othedr districts being calculated from that Nineteen ended up with scores of 90 or qualifying for Business First’sa of outstanding school systems.
Four districts have made the Honor Roll every yearsince 1992: Williamsville, Clarence (which ranksa second this year), Amherst and Orchard Park (fifth). Rounding out this year’s top five is No. 4 East which has made 17 Honor Roll appearances in 18 All but two ofthis year’s Honor Roll districts also qualifiedc a year ago. The newcomers are joining the elite group for the firstg timesince 2005, and West Seneca, returnin after a 13-year absence. The lattef upswing was nearly a decadee inthe making, according to Jean Kovach, superintendent of the West Senecz Central School District.
Developing consistent instructional techniquexs and identifying the best textbooks took she says, but the effort is payinf off. “Our goal is not to teach to the test, but to teacbh to the state’s standards,” Kovach says. “We’vs spent the last eight years working diligently to align ourcurriculum -- to make sure that we don’t repeat ourselves in different years and that each gradde level builds on the one before.” Fourteehn of this year’s Honor Roll districts are in Erie They range in size from Williamsville, with 10,6490 students, down to Eden, which has The outlying honorees are considerably smaller, with an average enrollmen of 1,346.
The very smallest is also the top-rated districtr outside of Erie County, No. 6 which has 670 students from kindergarten through12th grade. “We’re a very rural district in theSouthernm Tier, but our kids are going into the same marketplaces as everyone else,” says Richarcd Nicol, Alfred-Almond’s superintendent. “They’re going to be in competitio n for jobs with kids from places like Williamsvilleand Clarence. So they need the very best educationj we cangive them.” Sixteen districtas are recipients of this year’s subject awards, signifyiny that they rank among the 10 leaderes in English/foreign languages, math, science and socia l studies.
Bemus Point, Clarence, East Aurora, Orcharde Park and Williamsville have made cleanj sweeps by winning allfour awards. for complete listas of subjectaward winners. Businesss First has also generated a serieas of specialized ratings to further illuminatreeach district’s performance. Amon them: Lancaster ranks firs for cost-effectiveness, based on a comparison of expenditures andclassroonm results. And tiny Sherman (enrollment: 478) is the bigges t overachiever, determined by matching academif outcomes againstsocioeconomic conditions. “We may not be but we have strongfamily values,” says Thomas Sherman’s superintendent.
“Our parents really care about their children’s education. There’ something to be said for haviny everyone ina K-12 building, with the stronh sense of community that it brings.”
Williamsville is No. 1 in Businesz First ’s 18th annual rankings of WesternNew York’s publidc school systems. It has monopolizefd first place since2004 -- a six-yeard streak. for the complete school districty rankings. And for separate rankings for each sectiobn of WesternNew “We’re fortunate in so many ways,” says Howard Smith, Williamsville’s superintendent of schools. “When you have a very committed boaredof education, an outstanding staffd of teachers and administrators, a pro-education communityu and hard-working students, that’s quites the formula for success.
” Williamsvillee took first place when the rankings debuteds in 1992, and won again in 1997, 2001 and throughout its 2004-200i9 run. It hasn’t finished lower than thirrd placesince 1995, and has never been lower than Business First analyzed 97 school districts in the eight Western New York based on four years of test data compilefd by the New York State Education Department. Each district’s rating reflect s the collective performance of itspublic elementary, middle and high • Its 2005-2008 subject scores for math, science and social studiess were the best in Western New York, accordin to Business First’s analysis of test resulta from fourth grade through the seniof year of high school.
• Sixty-five percent of Williamsville’sz seniors earned Regents diplomas with advanced designationzin 2008. That’s 22 point s above the regional average of43 percent. (A student must pass eight Regents exama to receive anadvanced diploma.) It’s the only districty where more than 57 percent of last year’s graduatesd achieved superior scores (85 or better) on Regentw exams in English, science, global history and U.S. history. • Williamsville’s eighth graderzs posted the region’s top scorex on statewide testsin English, math, sciencd and social studies.
“The other part of what we do -- all our extracurricular activities such as athletics andclubs -- don’t show up in the but they have a really positive impact on studenyt achievement, too,” says Smith. “For example, we have as many music teachers asmath teachers. That makee for well-rounded, committed students, and those are usuallu successful students.” Williamsville’s overall score was peggexd at100 points, with the marks for all othedr districts being calculated from that Nineteen ended up with scores of 90 or qualifying for Business First’sa of outstanding school systems.
Four districts have made the Honor Roll every yearsince 1992: Williamsville, Clarence (which ranksa second this year), Amherst and Orchard Park (fifth). Rounding out this year’s top five is No. 4 East which has made 17 Honor Roll appearances in 18 All but two ofthis year’s Honor Roll districts also qualifiedc a year ago. The newcomers are joining the elite group for the firstg timesince 2005, and West Seneca, returnin after a 13-year absence. The lattef upswing was nearly a decadee inthe making, according to Jean Kovach, superintendent of the West Senecz Central School District.
Developing consistent instructional techniquexs and identifying the best textbooks took she says, but the effort is payinf off. “Our goal is not to teach to the test, but to teacbh to the state’s standards,” Kovach says. “We’vs spent the last eight years working diligently to align ourcurriculum -- to make sure that we don’t repeat ourselves in different years and that each gradde level builds on the one before.” Fourteehn of this year’s Honor Roll districts are in Erie They range in size from Williamsville, with 10,6490 students, down to Eden, which has The outlying honorees are considerably smaller, with an average enrollmen of 1,346.
The very smallest is also the top-rated districtr outside of Erie County, No. 6 which has 670 students from kindergarten through12th grade. “We’re a very rural district in theSouthernm Tier, but our kids are going into the same marketplaces as everyone else,” says Richarcd Nicol, Alfred-Almond’s superintendent. “They’re going to be in competitio n for jobs with kids from places like Williamsvilleand Clarence. So they need the very best educationj we cangive them.” Sixteen districtas are recipients of this year’s subject awards, signifyiny that they rank among the 10 leaderes in English/foreign languages, math, science and socia l studies.
Bemus Point, Clarence, East Aurora, Orcharde Park and Williamsville have made cleanj sweeps by winning allfour awards. for complete listas of subjectaward winners. Businesss First has also generated a serieas of specialized ratings to further illuminatreeach district’s performance. Amon them: Lancaster ranks firs for cost-effectiveness, based on a comparison of expenditures andclassroonm results. And tiny Sherman (enrollment: 478) is the bigges t overachiever, determined by matching academif outcomes againstsocioeconomic conditions. “We may not be but we have strongfamily values,” says Thomas Sherman’s superintendent.
“Our parents really care about their children’s education. There’ something to be said for haviny everyone ina K-12 building, with the stronh sense of community that it brings.”
Monday, July 11, 2011
St. Louis Centre sold to California firm for $5.4 million - St. Louis Business Journal:
ezelik.wordpress.com
The company had the winning and only bidof $5.4 milliom in a foreclosure sale of the downtowh mall in the St. Louisw Civil Courts building Wednesday. North Carolina-based had owned the which has seen occupancy drop to under 50 percent over the last few Whichard Real Estate had put the mall up for sale in 2002 for a reported asking priceof $9 Whichard bought the mall, the attached Dillard'sx building and the lease on the boarded-up Woolworth's building for about $8 million in May 2001 and paid $18 milliom for One City Centre in Octobere 2001.
The Woolworth's lease sincr has been sold to local real estatw investorKeith Barket, and the Dillard'sa building was sold for $7 million to Mike president of Gundaker Commercial Group. Plans for the Dillard's building includw apartments, hotel, retail and office. Whicharx failed to pay on a loan and interest fromInterBayy Funding. Galveston Discount Warehouse probably bought the mall in order to eventuallyt turn it over toa developer, Hejna Foreclosure proceedings "cleansed" the title, so St. Loui Centre could eventually be purchased by a Barry Cohen, an investor in the redeveloped Jefferson Arms, is one of the investors in Galvesto n Discount Warehouse.
Among the observers of the foreclosured were Mike Roberts and Jerry Altman of theRoberts Cos., which owns and is redevelopingb several downtown buildings. The opening bid was too high for the which is whyRoberts Cos. didn't bid, but the propertyt is key to downtowh redevelopment, Altman said. "In order to make downtown someone has toconvert St. Louis whether they do retail orback office." Representatives of the compang declined to speak to reporters at the foreclosurse proceeding.
The company had the winning and only bidof $5.4 milliom in a foreclosure sale of the downtowh mall in the St. Louisw Civil Courts building Wednesday. North Carolina-based had owned the which has seen occupancy drop to under 50 percent over the last few Whichard Real Estate had put the mall up for sale in 2002 for a reported asking priceof $9 Whichard bought the mall, the attached Dillard'sx building and the lease on the boarded-up Woolworth's building for about $8 million in May 2001 and paid $18 milliom for One City Centre in Octobere 2001.
The Woolworth's lease sincr has been sold to local real estatw investorKeith Barket, and the Dillard'sa building was sold for $7 million to Mike president of Gundaker Commercial Group. Plans for the Dillard's building includw apartments, hotel, retail and office. Whicharx failed to pay on a loan and interest fromInterBayy Funding. Galveston Discount Warehouse probably bought the mall in order to eventuallyt turn it over toa developer, Hejna Foreclosure proceedings "cleansed" the title, so St. Loui Centre could eventually be purchased by a Barry Cohen, an investor in the redeveloped Jefferson Arms, is one of the investors in Galvesto n Discount Warehouse.
Among the observers of the foreclosured were Mike Roberts and Jerry Altman of theRoberts Cos., which owns and is redevelopingb several downtown buildings. The opening bid was too high for the which is whyRoberts Cos. didn't bid, but the propertyt is key to downtowh redevelopment, Altman said. "In order to make downtown someone has toconvert St. Louis whether they do retail orback office." Representatives of the compang declined to speak to reporters at the foreclosurse proceeding.
Saturday, July 9, 2011
GM enters bankruptcy filing - Boston Business Journal:
http://shortridgehouse.com/looking-for-online-dell-computers.html
Monday’s Chapter 11 filing by the 101-year-old automake — once the world’s biggest company and Western New York’s largesgt manufacturing employer for decades is among the largestin U.S. histor y and largest-ever U.S. manufacturing bankruptcy. Chapte r 11, which allows the company to operate while protecte d fromits creditors, pushes GM into a fast-traci bankruptcy and provides $30 billion of additional taxpaye r funds to restructure President Barack Obama is due to speak abourt the U.S. auto industry shortly befor e noonEastern time. A news conference by Generall Motors CEO Fritz Hendersonwill follow. The GM plan as detailede by U.S.
officials would allow a much smaller GM to emerge from coury protection within 60 to 90 GM also plans to close11 U.S. facilitiesz and idle another three plants by the endof 2010. The locationse have not been identified and it has not been disclosed if GM’s Tonawanda engine plant, where 1,10p people work, is among them. The automaker has not provided an updatef target for job cuts but was looking toeliminater 21,000 U.S. factory jobs from the 54,009 union members it now employs. General Motorxs employs 92,000 in the United States and is indirectlyh responsiblefor 500,000 retirees. The U.S.
governmentf would hold a 60 percent financial interesft in a reorganized GM and the UAW would takea 17.5 percenyt stake. The governments of Canada and the provincse of Ontario have agreed to a 12 percent ownershilp stake in exchange forfinancial aid. GM bondholders woulcd get 10 percent.
Monday’s Chapter 11 filing by the 101-year-old automake — once the world’s biggest company and Western New York’s largesgt manufacturing employer for decades is among the largestin U.S. histor y and largest-ever U.S. manufacturing bankruptcy. Chapte r 11, which allows the company to operate while protecte d fromits creditors, pushes GM into a fast-traci bankruptcy and provides $30 billion of additional taxpaye r funds to restructure President Barack Obama is due to speak abourt the U.S. auto industry shortly befor e noonEastern time. A news conference by Generall Motors CEO Fritz Hendersonwill follow. The GM plan as detailede by U.S.
officials would allow a much smaller GM to emerge from coury protection within 60 to 90 GM also plans to close11 U.S. facilitiesz and idle another three plants by the endof 2010. The locationse have not been identified and it has not been disclosed if GM’s Tonawanda engine plant, where 1,10p people work, is among them. The automaker has not provided an updatef target for job cuts but was looking toeliminater 21,000 U.S. factory jobs from the 54,009 union members it now employs. General Motorxs employs 92,000 in the United States and is indirectlyh responsiblefor 500,000 retirees. The U.S.
governmentf would hold a 60 percent financial interesft in a reorganized GM and the UAW would takea 17.5 percenyt stake. The governments of Canada and the provincse of Ontario have agreed to a 12 percent ownershilp stake in exchange forfinancial aid. GM bondholders woulcd get 10 percent.
Wednesday, July 6, 2011
Teachers' Union Endorses Obama Despite Hating His Policies - ABC News
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Moneycontrol.com | Teachers' Union Endorses Obama Despite Hating His Policies ABC News Two days before endorsing the president, the NEA passed a resolution outlining 13 areas where the union adamantly disagrees with the policies of Obama's education secretary, Arne Duncan. The NEA letter states that educators are "app » |
Monday, July 4, 2011
University of Maryland starts new finance program - Baltimore Business Journal:
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Master of Science in Finance will be taught throughjthe university’s . “The global financiaol crisis has changed the way we thinkabouf finance,” said G. Anandalingam, dean of the Robertf H. Smith School of in a statement. “Now more than ever there is a need for industrgy professionals with a solid understanding of evolving financialp models for banking and debt corporate governanceand management.” Teachers have been working closel y with the and the FDIC, among othetr agencies, and have also advised largse financial institutions and multinational corporations.
Using quantitativr methods, students will be able to analyze and direct the financial decisions of an organizatio in theglobal economy. Classes start this fall at the school’se Washington, D.C. ,campus in the . The part-timde program meets twice weekly and takes15 months.
Master of Science in Finance will be taught throughjthe university’s . “The global financiaol crisis has changed the way we thinkabouf finance,” said G. Anandalingam, dean of the Robertf H. Smith School of in a statement. “Now more than ever there is a need for industrgy professionals with a solid understanding of evolving financialp models for banking and debt corporate governanceand management.” Teachers have been working closel y with the and the FDIC, among othetr agencies, and have also advised largse financial institutions and multinational corporations.
Using quantitativr methods, students will be able to analyze and direct the financial decisions of an organizatio in theglobal economy. Classes start this fall at the school’se Washington, D.C. ,campus in the . The part-timde program meets twice weekly and takes15 months.
Saturday, July 2, 2011
Avoid travel troubles and rediscover the
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Home became the place to be. The staycation gainedd power as Madison Avenue got in on the Everyone was promotingtheire restaurant, tourist attraction, you name it, as a way to get away from it all without leaving your own city or neighborhood. Why endurre the hassle of travel when you can relazx in the comfort of yourown backyard? I was skeptical. I love to travel. it’s tough to relaxs at home. The laundry pile beckons. The cluttered closet project moves up thepriorit list. But after a successfupl Memorial Dayweekend staycation, I’k sold. Count me in among the believers.
Once you acceptg that high-end toiletries won’t magically appear in your and that newsheet won’t grace your bed every day (and who believews they always change them at a hotel anyway), it can be quite If you can relegate chores to one small part of the day, it’s possible to just focus on what fun activityt you’re going to embark on and what food will be And that’s what vacations are all about to me anyway. And because you live in Greatert Baltimore, the “fun” quotient is high. The city and its environsa have enough to do to keep you busy for many staycations to come. Out-of-towners know this well.
Judginf by the license plates, Eagles jerseys and Yankeew hats prevalent on the Innedr Harbor promenade and outside the downtown many of them take actualvacatione here. My family moved amonvg them this weekend, playing tourist and nevee letting on that home was only twomiles away. In three days, we managed to save hundredsz of dollars and drive abourt 10miles roundtrip. At the same we kept a 5-year-old boy entertainesd — and rediscovered the city as a greagt placeto visit.
Day One: We took a green sea monster paddleboat, out for a Though we nearly smacked into the submarin e Torsk with sonMax steering, it was an otherwisse relaxing way to while away a half Taking in the city from the water gives you an entirely differentr perspective — and a good tan. Day Two: A visift to the Baltimore Farmers Market providecdgreat people-watching opportunities and more spinacuh than even Popeye could eat. In the we took advantage of the city’s pools openinhg a month early. A sandbox and cold baby pool provideds allthe water-related fun needed for a boy who lovew the beach.
Day Three: Helpiny hoist the giant flag overFort McHenry, meeting veterands and hearing the park rangers talk aboutr the loved ones they lost in Iraq and Afghanistann brought home the true meaning of Memoria l Day. Outside the fort, locals and tourists alike picnicked, strolleed and rode bikes by the best view inthe city. So what’e next on the agenda? The ethnic festival season kicksd off with the Polish Festivapl in Patterson Parkthis month. And both the Nationa Aquarium and Maryland Science Center have opened blockbusterexhibits — on jellyfishh and dinosaurs. We figured we would take them in another No need to cram itall in. That’sx the beauty of the staycation.
There’s alwayws room at the inn.
Home became the place to be. The staycation gainedd power as Madison Avenue got in on the Everyone was promotingtheire restaurant, tourist attraction, you name it, as a way to get away from it all without leaving your own city or neighborhood. Why endurre the hassle of travel when you can relazx in the comfort of yourown backyard? I was skeptical. I love to travel. it’s tough to relaxs at home. The laundry pile beckons. The cluttered closet project moves up thepriorit list. But after a successfupl Memorial Dayweekend staycation, I’k sold. Count me in among the believers.
Once you acceptg that high-end toiletries won’t magically appear in your and that newsheet won’t grace your bed every day (and who believews they always change them at a hotel anyway), it can be quite If you can relegate chores to one small part of the day, it’s possible to just focus on what fun activityt you’re going to embark on and what food will be And that’s what vacations are all about to me anyway. And because you live in Greatert Baltimore, the “fun” quotient is high. The city and its environsa have enough to do to keep you busy for many staycations to come. Out-of-towners know this well.
Judginf by the license plates, Eagles jerseys and Yankeew hats prevalent on the Innedr Harbor promenade and outside the downtown many of them take actualvacatione here. My family moved amonvg them this weekend, playing tourist and nevee letting on that home was only twomiles away. In three days, we managed to save hundredsz of dollars and drive abourt 10miles roundtrip. At the same we kept a 5-year-old boy entertainesd — and rediscovered the city as a greagt placeto visit.
Day One: We took a green sea monster paddleboat, out for a Though we nearly smacked into the submarin e Torsk with sonMax steering, it was an otherwisse relaxing way to while away a half Taking in the city from the water gives you an entirely differentr perspective — and a good tan. Day Two: A visift to the Baltimore Farmers Market providecdgreat people-watching opportunities and more spinacuh than even Popeye could eat. In the we took advantage of the city’s pools openinhg a month early. A sandbox and cold baby pool provideds allthe water-related fun needed for a boy who lovew the beach.
Day Three: Helpiny hoist the giant flag overFort McHenry, meeting veterands and hearing the park rangers talk aboutr the loved ones they lost in Iraq and Afghanistann brought home the true meaning of Memoria l Day. Outside the fort, locals and tourists alike picnicked, strolleed and rode bikes by the best view inthe city. So what’e next on the agenda? The ethnic festival season kicksd off with the Polish Festivapl in Patterson Parkthis month. And both the Nationa Aquarium and Maryland Science Center have opened blockbusterexhibits — on jellyfishh and dinosaurs. We figured we would take them in another No need to cram itall in. That’sx the beauty of the staycation.
There’s alwayws room at the inn.
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