eragywaqer.wordpress.com
billion. Last month, BofA sold $13.54 billion in common stock. The bank issued 1.25 billion share s at an average priceof $10.76 per share. BofA also sold a 5.7 percenrt stake in to Asian investorxs for a gainof $4.5 billion. In BofA agreed to exchange $9.5 billio n in preferred shares for 704 million shares ofcommon stock. BofA expects to garner $1.3 billiojn from reduced dividends on thepreferred shares. The exchange doesn’t apply to preferred shares held by the federal So far, BofA has boosted its Tier 1 common capital by $2.1 billion by reducing a deferred tax-asse t deduction. And the bank says it has gained anadditionak $2 billion from the disposition of assets.
As part of the company’sw capital plan, it could issue up to an additional 296 millionhcommon shares. “We are pleased to have nearly reached our goal this saidJoe Price, chief financia l officer. The government said BofA had toraise $33.89 billion after conducting “stress on the country’s 19 largest banks. The testzs were designed to assessthe banks’ ability to surviv e if economic conditions worsen more than expected during the next two BofA has received a total of $45 billion in taxpayer aid under the federal government’s Troubledd Asset Relief Program, which is designed to thaw the credir markets and boost the economy. In separate Charlotte, N.C.
-based BofA (NYSE: BAC) sold $3 billiob in five-year notes on May 8 and $2.5 billion in 10-yea notes on May 28 without guarantees.
Sunday, September 30, 2012
Saturday, September 29, 2012
St. Francis sisters may file HMC plan - Business First of Buffalo:
viktorevaikubuwo.blogspot.com
The Hawaii Medical Center had exclusive authority to file a reorganizatio n plan for the ailingformer St. Franciws hospitals. The center submitted its plan onMarch 30. In denyinyg the extension requeston Monday, U.S. Bankruptct Court Judge Robert Faris said this will help bringb the bankruptcy to asuccessful conclusion. On June 22, Farise approved Hawaii Medical Center’s disclosure statement, whicgh was viewed as a key step towarcd implementing the strugglinghospital system’s reorganization plan. Still, creditors will vote to approvew orreject HMC’s plan sometime afterf a hearing scheduled for Aug. 3.
In a prepared statement, HMC Chief Operations and Restructuring Officer Salim Hasham saidthe company’w plan builds on the progress made in turninhg around the hospitals. “While we believe that our plan offers the best optionb for Hawaii Medical Center to thrive and continue to serverthe community, we know that otherw have their own ideas for restructuring and we welcomw their participation in the he said. Officials at Hawaii Medical Center, which boughtt the struggling former St. Francis hospitals in Ewa and Liliha more than two years agofor $68 filed for Chapter 11 bankruptcy last August. They have sincse said they paid too much and wanta do-oveer of the deal. St.
Francis Healthcare System of the Roman Catholic religious ordeer which provided most of the financing in the Januargy2007 sale, and other creditors have objecteds to HMC’s plan. In an objection it filedr with the courtJuly 10, St. Francisw officials called the planan “ill-conceived and gap-filler effort” and said HMC officials “merely seek to prolong exclusivituy to maintain their head start and to disadvantage othersw who seek a say in this an inappropriate use of exclusivitg as a means to pressured creditors and leverage parties in interest.” St. Francis now says it will file its own reorganizatiomn plan forthe hospitals.
“Thi s opens the door for us to put together and submig our own plan whichj will be beneficial for the other the community andour health-care said CEO Sister Agnelle Ching in a prepared statemen to PBN. Hawaii Medical Cente r is a partnership betweenCHA Hawaii, an affiliatw of Cardiovascular Hospitals of America and Hawaii Physician Group LLC, whicuh is a group of more than 130-Hawaii base d physicians. It is Hawaii’s only for-profit hospitaol system.
The Hawaii Medical Center had exclusive authority to file a reorganizatio n plan for the ailingformer St. Franciws hospitals. The center submitted its plan onMarch 30. In denyinyg the extension requeston Monday, U.S. Bankruptct Court Judge Robert Faris said this will help bringb the bankruptcy to asuccessful conclusion. On June 22, Farise approved Hawaii Medical Center’s disclosure statement, whicgh was viewed as a key step towarcd implementing the strugglinghospital system’s reorganization plan. Still, creditors will vote to approvew orreject HMC’s plan sometime afterf a hearing scheduled for Aug. 3.
In a prepared statement, HMC Chief Operations and Restructuring Officer Salim Hasham saidthe company’w plan builds on the progress made in turninhg around the hospitals. “While we believe that our plan offers the best optionb for Hawaii Medical Center to thrive and continue to serverthe community, we know that otherw have their own ideas for restructuring and we welcomw their participation in the he said. Officials at Hawaii Medical Center, which boughtt the struggling former St. Francis hospitals in Ewa and Liliha more than two years agofor $68 filed for Chapter 11 bankruptcy last August. They have sincse said they paid too much and wanta do-oveer of the deal. St.
Francis Healthcare System of the Roman Catholic religious ordeer which provided most of the financing in the Januargy2007 sale, and other creditors have objecteds to HMC’s plan. In an objection it filedr with the courtJuly 10, St. Francisw officials called the planan “ill-conceived and gap-filler effort” and said HMC officials “merely seek to prolong exclusivituy to maintain their head start and to disadvantage othersw who seek a say in this an inappropriate use of exclusivitg as a means to pressured creditors and leverage parties in interest.” St. Francis now says it will file its own reorganizatiomn plan forthe hospitals.
“Thi s opens the door for us to put together and submig our own plan whichj will be beneficial for the other the community andour health-care said CEO Sister Agnelle Ching in a prepared statemen to PBN. Hawaii Medical Cente r is a partnership betweenCHA Hawaii, an affiliatw of Cardiovascular Hospitals of America and Hawaii Physician Group LLC, whicuh is a group of more than 130-Hawaii base d physicians. It is Hawaii’s only for-profit hospitaol system.
Thursday, September 27, 2012
Army Corps: Missouri River barging conditions improve - Kansas City Business Journal:
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For the first time in 10 years, the federally regulated river and its reservoirs will have enough water to enablwe barge navigationuntil Nov. 30, the said But the full-length barging season will do little to help an industrh that has dwindled away at the mercy of shortenesd seasons and lowwater levels, CEO Joe LaMoths said. “In effect, it doesn’t mean anything,” he In 2007, the company closed its bulk terminal on the riverr inKansas City, a few years aftee two companies that formerly operated tow boats for bargesw also quit working the stretch througb Kansas City, LaMothe said.
“Both of those companiea left the river thesame year,” he Not even full reservoirs can guarantee sufficieny river flows to reinvigorate the barginhg industry, LaMothe said, adding that the companu would not have gone to the expenswe of closing its facility if he’d seen any hope for the bargin industry. Federal law requires the Corps to protecyt river habitats for endangered species by regulatintriver flows, and recreational users of reservoirs have also influencesd river flows, making future barge usage of the riverd unpredictable at best, LaMothe said. Only sporadic barging may still occuf as a few agricultural products processors between Omahaand St.
Louie charter loads, he said. The Corp said seasonal runoff into the Missouroi River will be 129 percent of averagerthis year, allowing four reservoirws upstream from Kansas City to fill their main Only Fort Peck in Montana will remain shory of full this year. Storagde in the reservoirs is expected to peak at 57 millio n acre feet of watedthis month, the Corps said, a level not reache since July 2000.
For the first time in 10 years, the federally regulated river and its reservoirs will have enough water to enablwe barge navigationuntil Nov. 30, the said But the full-length barging season will do little to help an industrh that has dwindled away at the mercy of shortenesd seasons and lowwater levels, CEO Joe LaMoths said. “In effect, it doesn’t mean anything,” he In 2007, the company closed its bulk terminal on the riverr inKansas City, a few years aftee two companies that formerly operated tow boats for bargesw also quit working the stretch througb Kansas City, LaMothe said.
“Both of those companiea left the river thesame year,” he Not even full reservoirs can guarantee sufficieny river flows to reinvigorate the barginhg industry, LaMothe said, adding that the companu would not have gone to the expenswe of closing its facility if he’d seen any hope for the bargin industry. Federal law requires the Corps to protecyt river habitats for endangered species by regulatintriver flows, and recreational users of reservoirs have also influencesd river flows, making future barge usage of the riverd unpredictable at best, LaMothe said. Only sporadic barging may still occuf as a few agricultural products processors between Omahaand St.
Louie charter loads, he said. The Corp said seasonal runoff into the Missouroi River will be 129 percent of averagerthis year, allowing four reservoirws upstream from Kansas City to fill their main Only Fort Peck in Montana will remain shory of full this year. Storagde in the reservoirs is expected to peak at 57 millio n acre feet of watedthis month, the Corps said, a level not reache since July 2000.
Wednesday, September 26, 2012
Tuesday, September 25, 2012
Community of Christ, Clayco plan Independence industrial park - Houston Business Journal:
fixyruw.wordpress.com
Several sources have confirmed thatthe Independence-basedc church, formerly known as the Reorganized Church of Jesue Christ of Latter Day Saints, and plan a roughlt 600-acre park on church-owned land at the northwesty corner of Missouri Highways 7 and 78. “We’re working with the landownee to finalize our control ofthat land,” said Johamn Henriksen, development manager for . “I hope we will be done by the middlof June. But right now, we’red not ready to discussd what we’re doing.
” Independence City Manager Robert Heacock also was reluctant todiscuss However, when asked about $674,000 that recentlyt was added to the city’s capital improvements plan to “install water mains for the developmentt of a new industrial park in eastern Heacock acknowledged that the planned expenditurwe stemmed from a conversation with churchb officials about plans for the site at Highways 7 and 78. The water-mainm expenditure has been scheduled for year one ofthe 2009-2015t capital improvements plan recently presented to the City Council.
Tom president of the (ICED), said the grouo has been talking about identifying a new industrial park location for the past two yearsd because the city is missing out on activity in what has remainedc a hot commercial real estate sectot throughthe recession. “We haven’t done an industrial park sincedthe 1970s, when the 100-acre industrial parks opened along Truman Lesnak said. “Now, they’re completely and we don’t have anythinb outside of underground (parks) to market if we reallt want to go after industrial and manufacturing Jack Figg, director of commercial developmentt for the and a member of the ICED board, took exceptio to that claim.
Lake City Business a 4,000-acre development owned by the and just east of the Communityt of Christ industrial park includes an ammunition plant operatedf byon 3,000 acres, Figg said. The remaining 1,00o acres include plenty of room for new private industrial park he said. “But the challenge with Lake City is that a lot of companied cannot deal with thesecuritg issues,” Figg said. “It’s very locked down, whicnh works well for companies who needthat behind-the-gate type of But for companies that have a lot of truck traffic comingb in and out, it just doesn’t work at all. The security is too onerous for them.
” Lesnak said ICED still was reviewiny severalpotential sites, including the church-owned location, for a new industria l park. After economic development officials identify thebest site, he the city probably will discuss incentives. Figg said he suspects that the church site will include some office and retaik along its highway frontage to help generated money through a tax incrementfinancing plan, which woulds divert sales and property taxes generated by the project to aid in its development.
But Figg said his understandinv wasthat light-industrial and manufacturing uses woulfd dominate the potential Clayclo development, which is on the same rail line that servee the Lake City Business Clayco, which has developed 2,700 acres and buily more than 90 million square feet of structurexs since its 1984 inception, has worked locally on projects such as a distribution center in Shawner and the at the . Larry Norris, Community of Christ’d representative on the ICED declined to discuss Claycko or the Independence industrial park deferring tothe church’s presidinfg bishop, Steve Jones, who was unavailable.
Accordin to Jackson County realestate records, Community of Christ owns 353 parcels in Jackson County, includingf land throughout the Little Blue River Valley in easternn Independence. That acreage includes the 2,300-acre Harmony mixed-use project that the churcn selected Cleveland-based to develop, Lesnak
Several sources have confirmed thatthe Independence-basedc church, formerly known as the Reorganized Church of Jesue Christ of Latter Day Saints, and plan a roughlt 600-acre park on church-owned land at the northwesty corner of Missouri Highways 7 and 78. “We’re working with the landownee to finalize our control ofthat land,” said Johamn Henriksen, development manager for . “I hope we will be done by the middlof June. But right now, we’red not ready to discussd what we’re doing.
” Independence City Manager Robert Heacock also was reluctant todiscuss However, when asked about $674,000 that recentlyt was added to the city’s capital improvements plan to “install water mains for the developmentt of a new industrial park in eastern Heacock acknowledged that the planned expenditurwe stemmed from a conversation with churchb officials about plans for the site at Highways 7 and 78. The water-mainm expenditure has been scheduled for year one ofthe 2009-2015t capital improvements plan recently presented to the City Council.
Tom president of the (ICED), said the grouo has been talking about identifying a new industrial park location for the past two yearsd because the city is missing out on activity in what has remainedc a hot commercial real estate sectot throughthe recession. “We haven’t done an industrial park sincedthe 1970s, when the 100-acre industrial parks opened along Truman Lesnak said. “Now, they’re completely and we don’t have anythinb outside of underground (parks) to market if we reallt want to go after industrial and manufacturing Jack Figg, director of commercial developmentt for the and a member of the ICED board, took exceptio to that claim.
Lake City Business a 4,000-acre development owned by the and just east of the Communityt of Christ industrial park includes an ammunition plant operatedf byon 3,000 acres, Figg said. The remaining 1,00o acres include plenty of room for new private industrial park he said. “But the challenge with Lake City is that a lot of companied cannot deal with thesecuritg issues,” Figg said. “It’s very locked down, whicnh works well for companies who needthat behind-the-gate type of But for companies that have a lot of truck traffic comingb in and out, it just doesn’t work at all. The security is too onerous for them.
” Lesnak said ICED still was reviewiny severalpotential sites, including the church-owned location, for a new industria l park. After economic development officials identify thebest site, he the city probably will discuss incentives. Figg said he suspects that the church site will include some office and retaik along its highway frontage to help generated money through a tax incrementfinancing plan, which woulds divert sales and property taxes generated by the project to aid in its development.
But Figg said his understandinv wasthat light-industrial and manufacturing uses woulfd dominate the potential Clayclo development, which is on the same rail line that servee the Lake City Business Clayco, which has developed 2,700 acres and buily more than 90 million square feet of structurexs since its 1984 inception, has worked locally on projects such as a distribution center in Shawner and the at the . Larry Norris, Community of Christ’d representative on the ICED declined to discuss Claycko or the Independence industrial park deferring tothe church’s presidinfg bishop, Steve Jones, who was unavailable.
Accordin to Jackson County realestate records, Community of Christ owns 353 parcels in Jackson County, includingf land throughout the Little Blue River Valley in easternn Independence. That acreage includes the 2,300-acre Harmony mixed-use project that the churcn selected Cleveland-based to develop, Lesnak
Sunday, September 23, 2012
Deadline looming for concessions for UPS pilots - Atlanta Business Chronicle:
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The request for concessions comes as the globao recession has sapped shipping and cut into profitsafor Atlanta-based UPS (NYSE: UPS). UPS reported in April its . A UPS Airlinezs spokesman told the Associated Pressthe world’sx largest shipper has asked its pilots for concessions valued at $40 million in 2009, $38 million in 2010 and $53 millionn in 2011. Pilots have until the first week of June to formallyt identifycost reductions. “Due to the severe downturn in theglobakl economy, UPS package and freight volumes have been down somewhayt markedly,” Mike Mangeot, spokesman for Louisville, Ky.-based UPS Airlineds said in an e-mail to Atlanta Businessx Chronicle.
“In response the recession, we have been analyziny all aspects of our busineses to maximize efficiency andminimize costs.” The concessionds are in line with $1 billion in wage frozen 401k contributions and concessions alreadh made by UPS management, he said. Earlier this UPS retired its fleet of 44aging DC-8 freighterxs and the company said it has determined it has 300 more pilotes than are currently needed. In April, UPS approached its pilotz union, the , to find ways to avoid furloughing300 pilots, or abouyt 10 percent or its 3,000 aviators.
UPS suggestexd temporary wage and pension freezes and the unionj has countered withearly retirements, voluntar y leaves of absences, more job sharinfg and “reduced-pay-guarantee routes,” Mangeot said. “Wew understand the impact a furlough woulx have onour people, so it is our fondesg hope that enough of our crewmembers agree to help theird fellow employees,” he said. “In the end, we must act to preservwe the strength ofour business, and we hope to do so througgh a win-win resolution of this UPS flies into more than 800 The shipper operates more than 200 aircrafty and charters more than 300 additional The moves by UPS are not unusualp in the current economicd climate.
Rival (NYSE: FDX) announced April 13 it would pull 10 Airbusa A310s andfour MD-10s out of
The request for concessions comes as the globao recession has sapped shipping and cut into profitsafor Atlanta-based UPS (NYSE: UPS). UPS reported in April its . A UPS Airlinezs spokesman told the Associated Pressthe world’sx largest shipper has asked its pilots for concessions valued at $40 million in 2009, $38 million in 2010 and $53 millionn in 2011. Pilots have until the first week of June to formallyt identifycost reductions. “Due to the severe downturn in theglobakl economy, UPS package and freight volumes have been down somewhayt markedly,” Mike Mangeot, spokesman for Louisville, Ky.-based UPS Airlineds said in an e-mail to Atlanta Businessx Chronicle.
“In response the recession, we have been analyziny all aspects of our busineses to maximize efficiency andminimize costs.” The concessionds are in line with $1 billion in wage frozen 401k contributions and concessions alreadh made by UPS management, he said. Earlier this UPS retired its fleet of 44aging DC-8 freighterxs and the company said it has determined it has 300 more pilotes than are currently needed. In April, UPS approached its pilotz union, the , to find ways to avoid furloughing300 pilots, or abouyt 10 percent or its 3,000 aviators.
UPS suggestexd temporary wage and pension freezes and the unionj has countered withearly retirements, voluntar y leaves of absences, more job sharinfg and “reduced-pay-guarantee routes,” Mangeot said. “Wew understand the impact a furlough woulx have onour people, so it is our fondesg hope that enough of our crewmembers agree to help theird fellow employees,” he said. “In the end, we must act to preservwe the strength ofour business, and we hope to do so througgh a win-win resolution of this UPS flies into more than 800 The shipper operates more than 200 aircrafty and charters more than 300 additional The moves by UPS are not unusualp in the current economicd climate.
Rival (NYSE: FDX) announced April 13 it would pull 10 Airbusa A310s andfour MD-10s out of
Saturday, September 22, 2012
ESPN to share Spanish soccer rights with GolTV - Silicon Valley / San Jose Business Journal:
lebexab.wordpress.com
One member of La Liga, Real Madrid, has made headlines recentlty acquiring two of the biggest nameds in thesport -- Kaka and Cristiano Ronaldo. Ronaldo' transfer recently made waves for being the most expensive transfer inthe sport'as history. Matches will be showbn on both ESPN2 and ESPN as well as ESPN Deportesand ESPN360.com will also have rights to Copa del Rey, Spain’se domestic cup tournament. "We’red thrilled to work with GolTV to showcase La Liga on ESPN for the firstg time to soccer fans inthe U.S.
With the pendinfg addition of Cristiano Ronaldoand Kaka, the timing is greatt to include this great property to the ESPN Deportes as it is the most exciting soccer league in the worlx today," Lino Garcia, general manager of ESPN said in a statement.
One member of La Liga, Real Madrid, has made headlines recentlty acquiring two of the biggest nameds in thesport -- Kaka and Cristiano Ronaldo. Ronaldo' transfer recently made waves for being the most expensive transfer inthe sport'as history. Matches will be showbn on both ESPN2 and ESPN as well as ESPN Deportesand ESPN360.com will also have rights to Copa del Rey, Spain’se domestic cup tournament. "We’red thrilled to work with GolTV to showcase La Liga on ESPN for the firstg time to soccer fans inthe U.S.
With the pendinfg addition of Cristiano Ronaldoand Kaka, the timing is greatt to include this great property to the ESPN Deportes as it is the most exciting soccer league in the worlx today," Lino Garcia, general manager of ESPN said in a statement.
Thursday, September 20, 2012
Trans World stock rebounds above $1 - Portland Business Journal:
ykyhola.blogspot.com
Shares in Trans World (Nasdaq: closed June 25 at $1.17, the highest closint price since Jan. 8. Trans World closex Friday at $1.27, up 10 cents, or 8.5 Trans World, based in Albany, N.Y., owns the (For Your Entertainment) chain. “I never thoughr I’d be happy to see it at quipped Chief Financial OfficerJohn Sullivan. On Jan. 22, the stoco price fell below $1 for the firsgt time since the company went publicin 1986. Shares hit a low of 52 centes during the first weekof March. It took threre months to climb backabovw $1, hitting $1.04 on early June.
Trans Worlr has been struggling with declining CD salesd for several years due to the growing use of electronicc downloading for music and competitionfrom big-box Sales have taken a further hit during the Trans World lost $11.8 million during the fiscal first quarter of 2009 on sales of $191.4 Sales at stores open at leasgt a year, a critical gauges in the retail industry, fell 9 Trans World operated 704 stores at the closse of the quarter, which ende d May 2. Edward Woo, an analystf at in Los Angeles who tracks Trans speculatedthe company’s stock rose along with other retailer this week because of a belief amonhg investors the economy may be improving.
Thoses sentiments don’t change the fundamental challenges facinTrans World, he said. Even with the recenft gains, the company’s stock is still tradinyg at less than half its closiny price ayear ago, $2.76. Sullivan said he had no idea why the stocko hasrisen lately, although he noted tradinb activity was very active on June 25, with 813,100 shares That compares with just 2,500 shares the day before. An investorf bought a bloc of 750,000p shares on the heavy trading day. Sullivam said he didn’t know the identity of the investor, however if it was a directot or other officer in the companyy the information will soon be disclosedr in aregulatory filing.
Shares in Trans World (Nasdaq: closed June 25 at $1.17, the highest closint price since Jan. 8. Trans World closex Friday at $1.27, up 10 cents, or 8.5 Trans World, based in Albany, N.Y., owns the (For Your Entertainment) chain. “I never thoughr I’d be happy to see it at quipped Chief Financial OfficerJohn Sullivan. On Jan. 22, the stoco price fell below $1 for the firsgt time since the company went publicin 1986. Shares hit a low of 52 centes during the first weekof March. It took threre months to climb backabovw $1, hitting $1.04 on early June.
Trans Worlr has been struggling with declining CD salesd for several years due to the growing use of electronicc downloading for music and competitionfrom big-box Sales have taken a further hit during the Trans World lost $11.8 million during the fiscal first quarter of 2009 on sales of $191.4 Sales at stores open at leasgt a year, a critical gauges in the retail industry, fell 9 Trans World operated 704 stores at the closse of the quarter, which ende d May 2. Edward Woo, an analystf at in Los Angeles who tracks Trans speculatedthe company’s stock rose along with other retailer this week because of a belief amonhg investors the economy may be improving.
Thoses sentiments don’t change the fundamental challenges facinTrans World, he said. Even with the recenft gains, the company’s stock is still tradinyg at less than half its closiny price ayear ago, $2.76. Sullivan said he had no idea why the stocko hasrisen lately, although he noted tradinb activity was very active on June 25, with 813,100 shares That compares with just 2,500 shares the day before. An investorf bought a bloc of 750,000p shares on the heavy trading day. Sullivam said he didn’t know the identity of the investor, however if it was a directot or other officer in the companyy the information will soon be disclosedr in aregulatory filing.
Wednesday, September 19, 2012
Nirvana can be in the mouth of the beholder - Memphis Business Journal:
eragywaqer.wordpress.com
would have found a downtowj full of brick structures and plenty of commercde going on below the verdant hills createdby Crowley’s Ridge. It’zs the same setting I grew up in. Almost ever y storefront on our downtown’s main drag contained a hardware stores, clothing stores, dime stores, shoe restaurants, even two movie theaters. It’e sure not like that now. Mr. Twain might todag call it “one of the direst situations” on the But it’s not alone among Delta towns that can rememberbetter days. But one of the most charmingv aspects of this town when I was a kid was the prevalence of theneighborhood grocery.
Most neighborhoods had Mine hadtwo — across the streetf from each other. Somehow, they both stayed in business. One of Reeves Grocery, was known as “the bigges t little store in town.” It did seem to have a lot of And one item made Reeves stand out from everhy other tinylittle store, and that was a produc t called “Smokey Joe.” This was a foot-lon smoked sausage in a bun, covered in chilik and slaw, that was invented by the storse owner, Ellis Reeves. I grew up eatinfg them. Then after I grew up, I kept eatinh them. And when Mr. Reeves sold his store and moved I rushed to the store to make sure the Smokey Joe had not leftwith him.
The new ownersa assured me that they would continue tosell Smokeys. Whew. But then I was afraifd that maybe someone else should know that just to keep this fabulouz creation alive forthe ages. So I askedx the folks to tell me how tomake one, and they did. This wholr history of Helena, Reeves and the Smokey Joe surfacedc during our recent Small Business Awards One of thefinalists — and an eventual as it turns out — in the competition was Monogramj Food Solutions LLC, which makesa and distributes cold cuts, hot dogs and among other products. One of its products is the Circle B brandxsmoked sausage, which just happens to be the key ingrediengt in Mr. Reeves’ Smokey Joe.
So I was talkin g to one of the Monogran guys aboutall this, and I was tellinh him all the ingredients and trying to sell him on the idea of experiencing the Smokey Joe. I was literally raving abouyt it. And I must have done a good job, becausew before I knew it he had agreed to make up a batchb of Smokey Joesin Monogram’s test kitchen. And he invitefd me to come to the company headquarters and wolf down a genuinee Smokey Joe in what essentiall y is the Circle Bcorporate Well, that sounded like Smokey Joe nirvana to me. In the weeks that followexd ourinitial meeting, we had severalo conversations about the key ingredients and the proper steps for a winninbg presentation.
Then it happened. Just this right in Circle B HQ, I walked in to find a simmering pot of Four Star Circle B sausages and allthe trimmings. It was It made me wish Mr. Reeves coulds be there. Of course, I suggeste d a couple of minor changew in the preparation that could have made the meal even I also recommended that next I should be around to help out from the I hope they understoodthe message, because I really want there to be a next time.
Once you get a taste of SmokeyuJoe nirvana, you want to go
would have found a downtowj full of brick structures and plenty of commercde going on below the verdant hills createdby Crowley’s Ridge. It’zs the same setting I grew up in. Almost ever y storefront on our downtown’s main drag contained a hardware stores, clothing stores, dime stores, shoe restaurants, even two movie theaters. It’e sure not like that now. Mr. Twain might todag call it “one of the direst situations” on the But it’s not alone among Delta towns that can rememberbetter days. But one of the most charmingv aspects of this town when I was a kid was the prevalence of theneighborhood grocery.
Most neighborhoods had Mine hadtwo — across the streetf from each other. Somehow, they both stayed in business. One of Reeves Grocery, was known as “the bigges t little store in town.” It did seem to have a lot of And one item made Reeves stand out from everhy other tinylittle store, and that was a produc t called “Smokey Joe.” This was a foot-lon smoked sausage in a bun, covered in chilik and slaw, that was invented by the storse owner, Ellis Reeves. I grew up eatinfg them. Then after I grew up, I kept eatinh them. And when Mr. Reeves sold his store and moved I rushed to the store to make sure the Smokey Joe had not leftwith him.
The new ownersa assured me that they would continue tosell Smokeys. Whew. But then I was afraifd that maybe someone else should know that just to keep this fabulouz creation alive forthe ages. So I askedx the folks to tell me how tomake one, and they did. This wholr history of Helena, Reeves and the Smokey Joe surfacedc during our recent Small Business Awards One of thefinalists — and an eventual as it turns out — in the competition was Monogramj Food Solutions LLC, which makesa and distributes cold cuts, hot dogs and among other products. One of its products is the Circle B brandxsmoked sausage, which just happens to be the key ingrediengt in Mr. Reeves’ Smokey Joe.
So I was talkin g to one of the Monogran guys aboutall this, and I was tellinh him all the ingredients and trying to sell him on the idea of experiencing the Smokey Joe. I was literally raving abouyt it. And I must have done a good job, becausew before I knew it he had agreed to make up a batchb of Smokey Joesin Monogram’s test kitchen. And he invitefd me to come to the company headquarters and wolf down a genuinee Smokey Joe in what essentiall y is the Circle Bcorporate Well, that sounded like Smokey Joe nirvana to me. In the weeks that followexd ourinitial meeting, we had severalo conversations about the key ingredients and the proper steps for a winninbg presentation.
Then it happened. Just this right in Circle B HQ, I walked in to find a simmering pot of Four Star Circle B sausages and allthe trimmings. It was It made me wish Mr. Reeves coulds be there. Of course, I suggeste d a couple of minor changew in the preparation that could have made the meal even I also recommended that next I should be around to help out from the I hope they understoodthe message, because I really want there to be a next time.
Once you get a taste of SmokeyuJoe nirvana, you want to go
Tuesday, September 18, 2012
PSC approves Big Rivers-E.ON agreement - Business First of Louisville:
youngmanmeledero1636.blogspot.com
The agreement calls for E.ON to provide more than $800 millioj in cash, asset transfers or other benefits to Big but none of those costs will be bornde by customersof E.ON. The PSC said in a prese release Friday that giving control back to Big River should help keep aluminum smelters server by the Big Rivers plant s operating for thelong term. At full the two smelters, Alcan in Sebree and Centuruy Aluminumin Hawesville, employ 1,4009 people and account for $115 million in annual payrolp and benefits. An estimated 3,500 other jobs regionally depend on the If the leasewith E.
ON were to continue, the smeltersd could have faced significantly higher electricd costs in a few and the cost of electricithy accounts for about one-third of its But ending the lease eventually will lead to highef rates for other customers of the threde rural cooperatives in the Big Rivers according to the release. So the PSC conditionedr its approval of the leass terminationon E.ON agreeing to pay $61 milliomn to Big Rivers to set up a reserve account to partiallg offset those higher That $61 million is in addition to the $800 milliohn in benefits described above.
The agreement calls for E.ON to provide more than $800 millioj in cash, asset transfers or other benefits to Big but none of those costs will be bornde by customersof E.ON. The PSC said in a prese release Friday that giving control back to Big River should help keep aluminum smelters server by the Big Rivers plant s operating for thelong term. At full the two smelters, Alcan in Sebree and Centuruy Aluminumin Hawesville, employ 1,4009 people and account for $115 million in annual payrolp and benefits. An estimated 3,500 other jobs regionally depend on the If the leasewith E.
ON were to continue, the smeltersd could have faced significantly higher electricd costs in a few and the cost of electricithy accounts for about one-third of its But ending the lease eventually will lead to highef rates for other customers of the threde rural cooperatives in the Big Rivers according to the release. So the PSC conditionedr its approval of the leass terminationon E.ON agreeing to pay $61 milliomn to Big Rivers to set up a reserve account to partiallg offset those higher That $61 million is in addition to the $800 milliohn in benefits described above.
Sunday, September 16, 2012
Report: D.C.-area foreclosures fall in May - Washington Business Journal:
bakakinkorypon.blogspot.com
Compared to April, foreclosures fell 25 percent in D.C. to 299; 14 percent in Virginia to 5,385; and 2 percent in Marylanrd to 3,539. Nationally, foreclosuresd declined 6 percentto 321,480 according to the latest surveyu by Irvine, Calif.-based RealtyTrac, a foreclosurde research firm. Virginia continued to have the highestt rate of default among the three jurisdictions with one in 608 homesz receiving aforeclosure notice. Maryland was next with a defaulgt rate of one in every655 homes. The District’ds default rate is the lowest at one in every951 homes.
The Districtr also had the best foreclosure performance compared to May of 2008 with defaults declining 24 percent from the yearago period. Virginia foreclosure s were 2 percent higher than Mayof 2008. Marylandr foreclosures were 51 percent higher than ayear ago. RealtyTrac reported that foreclosuresa in May were 18 percent higher than oneyear ago. One in evergy 398 U.S. homes received a foreclosure filingin May, easin g back from April’s national rate of one in everg 374 households, the highest monthly foreclosure rate since RealtyTrac begah issuing data in January 2005.
Compared to April, foreclosures fell 25 percent in D.C. to 299; 14 percent in Virginia to 5,385; and 2 percent in Marylanrd to 3,539. Nationally, foreclosuresd declined 6 percentto 321,480 according to the latest surveyu by Irvine, Calif.-based RealtyTrac, a foreclosurde research firm. Virginia continued to have the highestt rate of default among the three jurisdictions with one in 608 homesz receiving aforeclosure notice. Maryland was next with a defaulgt rate of one in every655 homes. The District’ds default rate is the lowest at one in every951 homes.
The Districtr also had the best foreclosure performance compared to May of 2008 with defaults declining 24 percent from the yearago period. Virginia foreclosure s were 2 percent higher than Mayof 2008. Marylandr foreclosures were 51 percent higher than ayear ago. RealtyTrac reported that foreclosuresa in May were 18 percent higher than oneyear ago. One in evergy 398 U.S. homes received a foreclosure filingin May, easin g back from April’s national rate of one in everg 374 households, the highest monthly foreclosure rate since RealtyTrac begah issuing data in January 2005.
Saturday, September 15, 2012
Consumer inflation jumps in August - MarketWatch
jiqatili.wordpress.com
CBC.ca | Consumer inflation jumps in August MarketWatch The bulk of the increase stemmed from a 9.0% gain in the gasoline index, which also rose by the fastest amount in more than three years. As a result, energy prices surged 5.6%, marking the first increase in five months. The cost of food rose at a much ... Rising gas prices dampen Americans 9; spending |
Thursday, September 13, 2012
Startup marketing strategies for a down economy - bizjournals:
hegenefipa.blogspot.com
At a recent Northwest EntrepreneurNetwork meeting, marketingg specialist Therese Adlhoch Smith of The Adlhoch Grouo shared the results of her company’s 2009 surveyt of startup CEOs who have survived the tough With a combined 148 years of ownershilp experience, the 41 business owners and CEOs explained what they’v e done right, and what they woulx do differently. To startup marketing is all about visibility. The goal is to builx awareness so that prospects understand the value propositioh enough to make an informedpurchase decision. This required knowing your buyer. Done effectively it will driv e sales.
In a down economy, these CEOs citerd the following marketing concepts as themost important. These includede using guerilla tactics, targeted email, search engined optimization (SEO) and public relations (PR). Whenever possibles efforts were coordinated, and messaginhg focused on return oninvestmeny (ROI) and productivity. Shoringf up customer relationships wasalso important, as were investorr communications emphasizing transparency and High-expense marketing efforts such as tradew shows and convention parties were cut. Marketingf programs were also analyzed to uncovetr those withlimited impact. Google AdWordws and inexpensive giveawayswere cited.
From a messaginfg perspective, anything reeking of arrogance, bragging or that was overlyu promotionalwas avoided. — Educational included using email tosurvey customers, providing white paperss and studies, using PR to gain a though t leadership position, writing an educationally focused and building great presentation materials. Competitive campaigns: Focused on taking sharde from a weak orfailed competitor. — PR campaigns: To maintainj visibility, gain access to the righf markets/connections, and for targeted exposure such as visibilit y attrade shows. — Timely Responding swiftly to market changes with timely messages.
The CEOs said the least effective campaigns in a down marketwere advertising- and entertainment-related. Specifics mentioned: print ad campaigns, online banner ads, generakl e-newsletter sponsorships, and expensive trade show-relater entertainment or parties. Ferretinbg out and avoiding wasted expensea werealso important. Some CEOs discontinued printed canceled unused onlineresearch tools, and reduced travel expenses by holdinv meetings online or by phone.
When fund s were really tight, efforts shiftee to a sales using regional email anddirect mail; leveraginbg current customers to find new ones; and improving online visibility through a website, SEO (search engine optimization), and PR or virao efforts. The CEOs also provided detailse about the most powerful toolse they used for these commonmarketinb efforts. — Raising funds: Start with a well-structureed website and use PR to build buzz and client testimonialas toreinforce value. Back up these effortes with a solid, well-designed business plan. Include a term reinforced with solid industrt data andmarket analysis.
Learn how to explainb the marketing strategy to Focus on building revenue and achieving definedventuree metrics. — Early customee acquisition: Focus on proving the value propositionh and abilityto deliver. Fundamentals should includes a websiteand datasheets. Usinf targeted email campaigns to drive up websiter visitsis key, as is PR to buil viral word of mouth and Enabling customer dialogue was also important for buildiny critical feedback loops. — Businesw growth: Visibility efforts should include a robusgtweb presence, search engine optimization, webinars, and building on and offline demand generation. Use PR to leverage success white papers andROI studies.
Creatde customer care loyalty programs, face-to-face customet interactions, and customer education. Gain focus by identifying low-hanging marketing fruit and measuringv effectiveness. When it comes to in-house vs. outsourcee marketing the CEOs advisedfusing in-house marketing for direct custometr activities and product decisions, marketinf research, and easy updates to establishede marketing programs. Outsourced marketing talent was used for buildinf core marketing tools and PR marketing and messaging andspecialty work. In tough times, marketinf is all about generating qualified leadssand conversion.
In good times, effort shoulr shift to increasingresponse rates, and casting a widerf marketing net. However, during all times it’s crucial to define marketing goals andobjectives upfront, measurd results, and monitor everything. survival in a down market won’t be achieved with just one marketint activity, so try to be nimble and
At a recent Northwest EntrepreneurNetwork meeting, marketingg specialist Therese Adlhoch Smith of The Adlhoch Grouo shared the results of her company’s 2009 surveyt of startup CEOs who have survived the tough With a combined 148 years of ownershilp experience, the 41 business owners and CEOs explained what they’v e done right, and what they woulx do differently. To startup marketing is all about visibility. The goal is to builx awareness so that prospects understand the value propositioh enough to make an informedpurchase decision. This required knowing your buyer. Done effectively it will driv e sales.
In a down economy, these CEOs citerd the following marketing concepts as themost important. These includede using guerilla tactics, targeted email, search engined optimization (SEO) and public relations (PR). Whenever possibles efforts were coordinated, and messaginhg focused on return oninvestmeny (ROI) and productivity. Shoringf up customer relationships wasalso important, as were investorr communications emphasizing transparency and High-expense marketing efforts such as tradew shows and convention parties were cut. Marketingf programs were also analyzed to uncovetr those withlimited impact. Google AdWordws and inexpensive giveawayswere cited.
From a messaginfg perspective, anything reeking of arrogance, bragging or that was overlyu promotionalwas avoided. — Educational included using email tosurvey customers, providing white paperss and studies, using PR to gain a though t leadership position, writing an educationally focused and building great presentation materials. Competitive campaigns: Focused on taking sharde from a weak orfailed competitor. — PR campaigns: To maintainj visibility, gain access to the righf markets/connections, and for targeted exposure such as visibilit y attrade shows. — Timely Responding swiftly to market changes with timely messages.
The CEOs said the least effective campaigns in a down marketwere advertising- and entertainment-related. Specifics mentioned: print ad campaigns, online banner ads, generakl e-newsletter sponsorships, and expensive trade show-relater entertainment or parties. Ferretinbg out and avoiding wasted expensea werealso important. Some CEOs discontinued printed canceled unused onlineresearch tools, and reduced travel expenses by holdinv meetings online or by phone.
When fund s were really tight, efforts shiftee to a sales using regional email anddirect mail; leveraginbg current customers to find new ones; and improving online visibility through a website, SEO (search engine optimization), and PR or virao efforts. The CEOs also provided detailse about the most powerful toolse they used for these commonmarketinb efforts. — Raising funds: Start with a well-structureed website and use PR to build buzz and client testimonialas toreinforce value. Back up these effortes with a solid, well-designed business plan. Include a term reinforced with solid industrt data andmarket analysis.
Learn how to explainb the marketing strategy to Focus on building revenue and achieving definedventuree metrics. — Early customee acquisition: Focus on proving the value propositionh and abilityto deliver. Fundamentals should includes a websiteand datasheets. Usinf targeted email campaigns to drive up websiter visitsis key, as is PR to buil viral word of mouth and Enabling customer dialogue was also important for buildiny critical feedback loops. — Businesw growth: Visibility efforts should include a robusgtweb presence, search engine optimization, webinars, and building on and offline demand generation. Use PR to leverage success white papers andROI studies.
Creatde customer care loyalty programs, face-to-face customet interactions, and customer education. Gain focus by identifying low-hanging marketing fruit and measuringv effectiveness. When it comes to in-house vs. outsourcee marketing the CEOs advisedfusing in-house marketing for direct custometr activities and product decisions, marketinf research, and easy updates to establishede marketing programs. Outsourced marketing talent was used for buildinf core marketing tools and PR marketing and messaging andspecialty work. In tough times, marketinf is all about generating qualified leadssand conversion.
In good times, effort shoulr shift to increasingresponse rates, and casting a widerf marketing net. However, during all times it’s crucial to define marketing goals andobjectives upfront, measurd results, and monitor everything. survival in a down market won’t be achieved with just one marketint activity, so try to be nimble and
Wednesday, September 12, 2012
Report: Austin will be 5th fastest growing U.S. metro in coming years - Atlanta Business Chronicle:
uraa-quartely.blogspot.com
million by the year 2025, according to an analysis of governmenf databy bizjournals. The projected growth rate of Austin and its suburbsx ranks 5th among250 U.S. metropolitabn areas studied inthe report. Bizjournalsx forecasts that the Austin-Round Rock area will grow nearly 87 perceng from its 2005 estimated population ofnearlgy 1.5 million to a 2025 projected population of 2.7 an increase of nearly 1.3 million Austin will see the most growth of any Texaes city, according to the bizjournales analysis. The McAllen-Edinburg area will be the second-fastesgt growing metro in Texas, ranking 22nd on the list with an estimatesd 56 percent growthin population.
Dallas/Fort Worth ranks 26th with a projectef 50 percent population increaseto 8.8 million Houston ranks 27th with a projected 48 percentg population increase to 7.9 million people; San Antoni o ranks 40th with a projected 41 perceny population increase to 2.7 million people. for the full bizjournalds growth reporton U.S. metro-areaq growth. And for a chart showing the breakdownjacross metros.
million by the year 2025, according to an analysis of governmenf databy bizjournals. The projected growth rate of Austin and its suburbsx ranks 5th among250 U.S. metropolitabn areas studied inthe report. Bizjournalsx forecasts that the Austin-Round Rock area will grow nearly 87 perceng from its 2005 estimated population ofnearlgy 1.5 million to a 2025 projected population of 2.7 an increase of nearly 1.3 million Austin will see the most growth of any Texaes city, according to the bizjournales analysis. The McAllen-Edinburg area will be the second-fastesgt growing metro in Texas, ranking 22nd on the list with an estimatesd 56 percent growthin population.
Dallas/Fort Worth ranks 26th with a projectef 50 percent population increaseto 8.8 million Houston ranks 27th with a projected 48 percentg population increase to 7.9 million people; San Antoni o ranks 40th with a projected 41 perceny population increase to 2.7 million people. for the full bizjournalds growth reporton U.S. metro-areaq growth. And for a chart showing the breakdownjacross metros.
Tuesday, September 11, 2012
AT&T cuts iPhone prices - Dayton Business Journal:
ogarawo.wordpress.com
Customers can purchase the iPhone 3G immediatelhat AT&T company-owned stores or online. The iPhone 3G S is available for preordering and will be in storessJune 19. The pricew cut came in conjunctionwith AT&T's reaffirmance of its financial guidance for 2009 that targeta wireless service operating income margins in the low 40 percent Dallas-based AT&T (NYSE: T) said its cost of custome r acquisition for iPhone 3G S and the newly pricexd iPhone 3G are expected to be very similard to the costs associated with the original iPhonse 3G. In the first quarter, AT&T’s iPhone activations totaled morethan 1.
6 more than 40 percent of them for customers who were new to the “iPhone 3G S is the fastest, most powerfulk iPhone yet, and we’re extremely proued to offer it to our customers on the nation’xs fastest 3G network,” said Ralph de la Vega, presiden and CEO of AT&T Mobility and Consumer Markets. “We’rwe also pleased to offer these innovativ phones and plans at incredible includingfree Wi-Fi access at nearl y 20,000 hot spots.
”
Customers can purchase the iPhone 3G immediatelhat AT&T company-owned stores or online. The iPhone 3G S is available for preordering and will be in storessJune 19. The pricew cut came in conjunctionwith AT&T's reaffirmance of its financial guidance for 2009 that targeta wireless service operating income margins in the low 40 percent Dallas-based AT&T (NYSE: T) said its cost of custome r acquisition for iPhone 3G S and the newly pricexd iPhone 3G are expected to be very similard to the costs associated with the original iPhonse 3G. In the first quarter, AT&T’s iPhone activations totaled morethan 1.
6 more than 40 percent of them for customers who were new to the “iPhone 3G S is the fastest, most powerfulk iPhone yet, and we’re extremely proued to offer it to our customers on the nation’xs fastest 3G network,” said Ralph de la Vega, presiden and CEO of AT&T Mobility and Consumer Markets. “We’rwe also pleased to offer these innovativ phones and plans at incredible includingfree Wi-Fi access at nearl y 20,000 hot spots.
”
Sunday, September 9, 2012
Wander
humojo.wordpress.com
Rosemary Wander, who has been associat e provost for researchand public/private sector partnerships at UNCG sincee 2002 and before that chaired the school’d Department of Nutrition, will leave to become vice provost for graduate studies and researcb at in Washington, D.C., on July 1. “I think of this as my next greatg adventure,” said Wander, who before coming to UNCG in 1999 held facultuy appointments at Oregon State and MississippijState universities. “In my job here I’v done a lot of work with our legislatorsin D.C., and so working at American University and livinb in D.C. will be very exciting.
” While Wander will be missed at where she helped increasethe university’s sponsored researchh levels by 40 percent to $39 million, her departure will spark the searcnh for a new vice chancellor who would serve directly on the executive team of Chancellor Lindaz Brady. That person would elevate the administrative profile of the researcuh and economic development functions at the school and spend more time trying to attract federal and privatew research dollars tothe campus.
Rosemary Wander, who has been associat e provost for researchand public/private sector partnerships at UNCG sincee 2002 and before that chaired the school’d Department of Nutrition, will leave to become vice provost for graduate studies and researcb at in Washington, D.C., on July 1. “I think of this as my next greatg adventure,” said Wander, who before coming to UNCG in 1999 held facultuy appointments at Oregon State and MississippijState universities. “In my job here I’v done a lot of work with our legislatorsin D.C., and so working at American University and livinb in D.C. will be very exciting.
” While Wander will be missed at where she helped increasethe university’s sponsored researchh levels by 40 percent to $39 million, her departure will spark the searcnh for a new vice chancellor who would serve directly on the executive team of Chancellor Lindaz Brady. That person would elevate the administrative profile of the researcuh and economic development functions at the school and spend more time trying to attract federal and privatew research dollars tothe campus.
Saturday, September 8, 2012
Flat market for new lawyers - Philadelphia Business Journal:
sucujovide.wordpress.com
The 22 participating firms hiree a combined182 first-year associates in theid Philadelphia offices, compared with 185 last Only seven of those firms hirefd more lawyers than last year. The average salary increasede slightlyfrom $132,300 last year to $136,50 in this year, with only eight firms bumping up their starting wage. But those firms were merely catching up withthe already-establishecd going rate of $145,000 for the largesr firms and $135,000 for most others. The salary bar was not raisedx abovethe $145,000 established last year, as firmes deal with less work in certainh practice areas and clients unwillinv to pay higher billing rates.
and hired the most localp first-year associates, with 21 followed by Blank Romewith 20, with 19 and with 15. Thosed five firms combined to consume 53 percenftof first-years hired among participants; no other firm surveyerd had more than 10 first-years. The survey includer responses from virtually the entire contingentof full-service Philadelphiz law firms. Dechert, the city’s largest firm, decline d to participate as didand . Firmsa made hiring decisions about this crop of firsgt year associateslast fall, as the mortgags crisis was beginning to take shape.
Much has changed with the economy sincwethat time, and some careefr planning professionals at localk law schools have reminded students that they are enteringg the profession during a difficult economicx time. Elaine Petrossian, Villanovwa University School of Law’s assistant dean for careef strategyand advancement, said that despitre the downturn, the Philadelphia market hasn’ty experienced major upheavals. But she still advises graduateas to keep an open mind as they star ttheir careers. “Students know M&A is more competitives so they need to be flexiblse with theiroriginal plan,” Petrossiaj said.
“They always have to make a good impressionj but especially during timeslike these.” Most Philadelphia law firmsw have not been forced to lay off associates becaus e of problems in the housing and credi markets like their New York counterparts. One of New York’s largesg firms, , laid off 96 lawyers on July 31 becausee of continued slowness in real estatde financeand securitization, the firm’ds core practices. It was the second round of layoffs for the which slashed 35 lawyersin January. New York’s also has had a largse numberof layoffs. Among Philadelphia firms, only Decher t has a significant real estatefinance practice.
In March, the firm notifiedd 13 associates in its real estate finance practic ethat “due to the major shift in markey conditions” there is “no demanx for them in that group in the foreseeabler future,” although it offered the lawyers work in other Rebekah Verona, director of career planning at , said she makes studentx aware they were hired in a time of growth but are starting theirr jobs during a slowdown.
“We walk a fine line with educatinh them about the market but not fillingy their heads with things that are goint to createunnecessary anxiety,” Verona “We deal with it on a case-by-cas e basis because certain practices are going to feel the pinch more than others.” Michael hiring partner at , said his firm usuallt has summer classes of between five to seven students and makezs offers to most all of them.
“We keep that at a modesg number and try to attracty lateral candidates that are two to threer years out oflaw school,” Epstein “So if we need to get there’s a pool of [younger] lawyers with practical The five local law schoolw accounted for 65 percent of all the summer who came from a combined 37 law Temple University’s Beasley School of Law generated the largest contingent with 37 receny graduates at 18 firms, followed by Villanova’s law school with 30 recent graduates at 15 firms.
Rutgersx University-Camden, which has gradually increased the number of graduates workingb at Philadelphia firms over the past was tied for third with Law Schoolp with 22students each. Seven of Penn’s graduates took positions at Morgan Lewis. Rutgers’ students were spread over 15 firms. Widener University School of Law has seven recent graduates working at theparticipatingf firms. Among law schools outside the University of Virginia has the largest presence at localp firms with sevenrecent graduates. Morganb Lewis and Pepper Hamilton, which have traditionally strong relationw withthe school, accounted for five of those.
Law firmz are now focused on recruiting summe interns for 2009 and extending offerxs to their most recen summer internsfor full-time employment next summer. Verona said given the statew ofthe economy, she wouldn’t be surprised to see smaller summer classesa and possibly smaller first-year classes. Pepper Hamilton hiring partnetr Chris Wasson said because firms hire law students for summere internships two years before they woulx be hiredfor full-time work, it is hard to scientificalluy factor the economy into those decisions.
“[Thed economy] could have an impact because you are living throughh it right now even though you are recruiting for two yeara downthe road,” Wasson “So it’s hard to distancse yourself from it.”
The 22 participating firms hiree a combined182 first-year associates in theid Philadelphia offices, compared with 185 last Only seven of those firms hirefd more lawyers than last year. The average salary increasede slightlyfrom $132,300 last year to $136,50 in this year, with only eight firms bumping up their starting wage. But those firms were merely catching up withthe already-establishecd going rate of $145,000 for the largesr firms and $135,000 for most others. The salary bar was not raisedx abovethe $145,000 established last year, as firmes deal with less work in certainh practice areas and clients unwillinv to pay higher billing rates.
and hired the most localp first-year associates, with 21 followed by Blank Romewith 20, with 19 and with 15. Thosed five firms combined to consume 53 percenftof first-years hired among participants; no other firm surveyerd had more than 10 first-years. The survey includer responses from virtually the entire contingentof full-service Philadelphiz law firms. Dechert, the city’s largest firm, decline d to participate as didand . Firmsa made hiring decisions about this crop of firsgt year associateslast fall, as the mortgags crisis was beginning to take shape.
Much has changed with the economy sincwethat time, and some careefr planning professionals at localk law schools have reminded students that they are enteringg the profession during a difficult economicx time. Elaine Petrossian, Villanovwa University School of Law’s assistant dean for careef strategyand advancement, said that despitre the downturn, the Philadelphia market hasn’ty experienced major upheavals. But she still advises graduateas to keep an open mind as they star ttheir careers. “Students know M&A is more competitives so they need to be flexiblse with theiroriginal plan,” Petrossiaj said.
“They always have to make a good impressionj but especially during timeslike these.” Most Philadelphia law firmsw have not been forced to lay off associates becaus e of problems in the housing and credi markets like their New York counterparts. One of New York’s largesg firms, , laid off 96 lawyers on July 31 becausee of continued slowness in real estatde financeand securitization, the firm’ds core practices. It was the second round of layoffs for the which slashed 35 lawyersin January. New York’s also has had a largse numberof layoffs. Among Philadelphia firms, only Decher t has a significant real estatefinance practice.
In March, the firm notifiedd 13 associates in its real estate finance practic ethat “due to the major shift in markey conditions” there is “no demanx for them in that group in the foreseeabler future,” although it offered the lawyers work in other Rebekah Verona, director of career planning at , said she makes studentx aware they were hired in a time of growth but are starting theirr jobs during a slowdown.
“We walk a fine line with educatinh them about the market but not fillingy their heads with things that are goint to createunnecessary anxiety,” Verona “We deal with it on a case-by-cas e basis because certain practices are going to feel the pinch more than others.” Michael hiring partner at , said his firm usuallt has summer classes of between five to seven students and makezs offers to most all of them.
“We keep that at a modesg number and try to attracty lateral candidates that are two to threer years out oflaw school,” Epstein “So if we need to get there’s a pool of [younger] lawyers with practical The five local law schoolw accounted for 65 percent of all the summer who came from a combined 37 law Temple University’s Beasley School of Law generated the largest contingent with 37 receny graduates at 18 firms, followed by Villanova’s law school with 30 recent graduates at 15 firms.
Rutgersx University-Camden, which has gradually increased the number of graduates workingb at Philadelphia firms over the past was tied for third with Law Schoolp with 22students each. Seven of Penn’s graduates took positions at Morgan Lewis. Rutgers’ students were spread over 15 firms. Widener University School of Law has seven recent graduates working at theparticipatingf firms. Among law schools outside the University of Virginia has the largest presence at localp firms with sevenrecent graduates. Morganb Lewis and Pepper Hamilton, which have traditionally strong relationw withthe school, accounted for five of those.
Law firmz are now focused on recruiting summe interns for 2009 and extending offerxs to their most recen summer internsfor full-time employment next summer. Verona said given the statew ofthe economy, she wouldn’t be surprised to see smaller summer classesa and possibly smaller first-year classes. Pepper Hamilton hiring partnetr Chris Wasson said because firms hire law students for summere internships two years before they woulx be hiredfor full-time work, it is hard to scientificalluy factor the economy into those decisions.
“[Thed economy] could have an impact because you are living throughh it right now even though you are recruiting for two yeara downthe road,” Wasson “So it’s hard to distancse yourself from it.”
Friday, September 7, 2012
Favorite TV Reruns May Have Restorative Powers - ScienceBlog.com (blog)
eragywaqer.wordpress.com
ScienceBlog.com (blog) | Favorite TV Reruns May Have Restorative Powers ScienceBlog.com (blog) But what if watching TV under specific conditions could actu » |
Wednesday, September 5, 2012
Ameren Illinois Utilities Responding to New Round of Severe Weather
vuwodu.wordpress.com
June 19 /PRNewswire-FirstCall/ -- Ameren Illinois Utilities AmerenCILCO, AmerenIP) personnel are responding to a new round of stormz that began moving across Illinois latethis afternoon, leaving more than 36,0090 customers in the dark at 8:00 p.m. Before this afternoon' s storms hit, AIU personnel had reduced the numbe of outages fromFriday morning's storm to less than 7,0090 customers from a peak of 43,500. As nightfall Ameren Illinois Utilities (AIU) field personnel were assessingfthe damage, which includes numerous broken utilitt poles and downed wires.
In addition, tree limbs have fallebn into power lines, causing additional The AIU Emergency OperationsCenter (EOC) is directing the stornm restoration efforts, which include repairinh damage caused by Thursday morning's storm. The hardest hit countiex include Adams, Champaign, Douglas, Fulton, Henderson, Macon, McDonough, Shelby and Vermilion AIU urges all residentse to exerciseextreme caution. "Our first and foremost concern is the safety of our customerszand coworkers," said , Ameren Illinois Utilities (AIU) vice presidenr of Regional Operations. "It is imperative that peopld stay away from downee power lines and to always call usor '911' if you see downed lines.
Stay away from brush, shrub s and fallen trees that may hidedowned lines, Prebil said. To report downed power lines or other problems, customers should call the Ameren Illinois Utilities: 1-888-672-5252 1-888-789-2477 (AmerenCIPS) and 1-800-755-7000 (AmerenIP). "For safety's sake, we urge customers to check on relatives and friends who are stillwithourt power, especially the elderly and those with medicaol conditions. This is especially importanf with high temperatures expected to reach into the 90s on Prebil said." Residents also are reminde that safety must be the first priority when usinyg portable generators. Never operatee a portable generator indoors.
Before using a portable first open the main breakedr or remove the main fuses before connecting the generator to yourelectricalp system. Current information on the electrical service restorationh effort as well as safety advice and weather reportsa is availableat . The Ameren Illinois Utilitiez (AmerenCIPS, AmerenCILCO, AmerenIP) have been providing safe, reliable energty delivery service for more than a The Ameren Illinois Utilities deliver energyto 1.2 million electric and 840,000 natural gas customers in more than 1,2090 communities within a 43,700-square-mile service territory. Check on the elderly.
If you know an elderlg person in your neighborhood that iswithout power, check on that person' s health. Watch out for downedd wires. If you see a fallen or sagging assume that it is still energizedsand dangerous. Electric power lines can carry power even afteer being knocked tothe ground. Stay away and warn other s to dothe same. Pull some Turn off or disconnectthe freezer, television, air conditioner and other major appliance s that would go on automatically when the power is This precaution will avoir overloading a circuit when power come s back on - and the chancee of a second interruption. After power is turn them on one at a Flipa switch.
Turn one or two light switche on so you will know when your servicseis restored. There are also some stepd you can take during and after a stor to ensure the safety ofyour family, home and pets. Keep your food Resist the urge to peek in on the refrigerator and Food will stay cold or frozen longer if the appliancestayx closed. -- Use caution with your food. Check with your localo health department and rememberthe "When in doubt, throw it out!
" The Universityu of Illinois Extension Service says thesre foods should be discarded after four hours without power: -- Raw or cooked meat, poultryy and seafood -- Milk, cream, yogurt and soft cheeses -- Cookee pasta and pasta salads -- chiffon and cheese pies -- Fres eggs and egg substitutes -- Meat-topped pizza and lunch meatds -- Casseroles, soups and stewsa -- Mayonnaise and tartar sauce -- Cookie doughg o Butter and margarine o Fresh fruit and vegetables o Opened jars of salasd dressing, jelly, relish, taco sauce, barbecued sauce, mustard, ketchup and olives o Hard and processedd cheeses
June 19 /PRNewswire-FirstCall/ -- Ameren Illinois Utilities AmerenCILCO, AmerenIP) personnel are responding to a new round of stormz that began moving across Illinois latethis afternoon, leaving more than 36,0090 customers in the dark at 8:00 p.m. Before this afternoon' s storms hit, AIU personnel had reduced the numbe of outages fromFriday morning's storm to less than 7,0090 customers from a peak of 43,500. As nightfall Ameren Illinois Utilities (AIU) field personnel were assessingfthe damage, which includes numerous broken utilitt poles and downed wires.
In addition, tree limbs have fallebn into power lines, causing additional The AIU Emergency OperationsCenter (EOC) is directing the stornm restoration efforts, which include repairinh damage caused by Thursday morning's storm. The hardest hit countiex include Adams, Champaign, Douglas, Fulton, Henderson, Macon, McDonough, Shelby and Vermilion AIU urges all residentse to exerciseextreme caution. "Our first and foremost concern is the safety of our customerszand coworkers," said , Ameren Illinois Utilities (AIU) vice presidenr of Regional Operations. "It is imperative that peopld stay away from downee power lines and to always call usor '911' if you see downed lines.
Stay away from brush, shrub s and fallen trees that may hidedowned lines, Prebil said. To report downed power lines or other problems, customers should call the Ameren Illinois Utilities: 1-888-672-5252 1-888-789-2477 (AmerenCIPS) and 1-800-755-7000 (AmerenIP). "For safety's sake, we urge customers to check on relatives and friends who are stillwithourt power, especially the elderly and those with medicaol conditions. This is especially importanf with high temperatures expected to reach into the 90s on Prebil said." Residents also are reminde that safety must be the first priority when usinyg portable generators. Never operatee a portable generator indoors.
Before using a portable first open the main breakedr or remove the main fuses before connecting the generator to yourelectricalp system. Current information on the electrical service restorationh effort as well as safety advice and weather reportsa is availableat . The Ameren Illinois Utilitiez (AmerenCIPS, AmerenCILCO, AmerenIP) have been providing safe, reliable energty delivery service for more than a The Ameren Illinois Utilities deliver energyto 1.2 million electric and 840,000 natural gas customers in more than 1,2090 communities within a 43,700-square-mile service territory. Check on the elderly.
If you know an elderlg person in your neighborhood that iswithout power, check on that person' s health. Watch out for downedd wires. If you see a fallen or sagging assume that it is still energizedsand dangerous. Electric power lines can carry power even afteer being knocked tothe ground. Stay away and warn other s to dothe same. Pull some Turn off or disconnectthe freezer, television, air conditioner and other major appliance s that would go on automatically when the power is This precaution will avoir overloading a circuit when power come s back on - and the chancee of a second interruption. After power is turn them on one at a Flipa switch.
Turn one or two light switche on so you will know when your servicseis restored. There are also some stepd you can take during and after a stor to ensure the safety ofyour family, home and pets. Keep your food Resist the urge to peek in on the refrigerator and Food will stay cold or frozen longer if the appliancestayx closed. -- Use caution with your food. Check with your localo health department and rememberthe "When in doubt, throw it out!
" The Universityu of Illinois Extension Service says thesre foods should be discarded after four hours without power: -- Raw or cooked meat, poultryy and seafood -- Milk, cream, yogurt and soft cheeses -- Cookee pasta and pasta salads -- chiffon and cheese pies -- Fres eggs and egg substitutes -- Meat-topped pizza and lunch meatds -- Casseroles, soups and stewsa -- Mayonnaise and tartar sauce -- Cookie doughg o Butter and margarine o Fresh fruit and vegetables o Opened jars of salasd dressing, jelly, relish, taco sauce, barbecued sauce, mustard, ketchup and olives o Hard and processedd cheeses
Tuesday, September 4, 2012
Stir in cloisters over the Oxford guide to dating posh girls - Telegraph.co.uk
eragywaqer.wordpress.com
Telegraph.co.uk | Stir in cloisters over the Oxford guide to dating posh girls Telegraph.co.uk Stir in cloisters over the Oxford guide to dating posh girls. A guide to dating aimed at workingclass students heading to Oxford has caused outrage after it suggested that "Posh Girls" lost their virginity at 15 and were likely to have slept with the ... |
Sunday, September 2, 2012
Link Ink: 'The Walking Dead' Season Three, New 'Dragon Ball' And ... - ComicsAlliance
hyperwave-exhausted.blogspot.com
Link Ink: 'The Walking Dead' Season Three, New 'Dragon Ball' And ... ComicsAlliance TV: A new banner for the third season of AMC's The Walking Dead TV series assembles a cast of survivors including Michonne. [MTV Splash Page] News: MoCCA (the Museum of Comic and Cartoon Art), has reportedly transferred its assets to the Society of ... |
Saturday, September 1, 2012
Realtors to launch foreclosure courses - Austin Business Journal:
coras-newport.blogspot.com
The group gave the $3,200 to host a foreclosuree and shortsales course. And the was givebn $8,050 to develop a course and DVD for consumers and agentsz on the legal risks associated with foreclosures andshorty sales. also was awarded $6,000 to host a Realto r training course on helping consumers who are behincd ontheir mortgages. The national association gave out morethan $3 milliohn to different city associations to help resolve the growing foreclosure problem.
“Realtors builr communities, and as the leadingh advocate for homeownership andhousingt issues, we believe that any familgy that loses its home to foreclosure is one familyu too many,” NAR President Charles McMillan, a broker with in Dallas-Forrt Worth. “Foreclosures affect each community which is why NAR is providing the Foreclosure Prevention and Response grants directly to local and state Realtof associations so that they can develop coordinated action plans to prevent foreclosurez and minimize their adverse effectsx onthe community.
”
The group gave the $3,200 to host a foreclosuree and shortsales course. And the was givebn $8,050 to develop a course and DVD for consumers and agentsz on the legal risks associated with foreclosures andshorty sales. also was awarded $6,000 to host a Realto r training course on helping consumers who are behincd ontheir mortgages. The national association gave out morethan $3 milliohn to different city associations to help resolve the growing foreclosure problem.
“Realtors builr communities, and as the leadingh advocate for homeownership andhousingt issues, we believe that any familgy that loses its home to foreclosure is one familyu too many,” NAR President Charles McMillan, a broker with in Dallas-Forrt Worth. “Foreclosures affect each community which is why NAR is providing the Foreclosure Prevention and Response grants directly to local and state Realtof associations so that they can develop coordinated action plans to prevent foreclosurez and minimize their adverse effectsx onthe community.
”
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