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Thursday, September 29, 2011
Tuesday, September 27, 2011
Swaim-Staley named acting Md. transportation secretary - Jacksonville Business Journal:
guronelogoh.blogspot.com
Swaim-Staley had been deputy secretarg to Porcari after he was named to the slotby O’Mallehy in 2007. Porcari will be swornh in June 1 asthe No. 2 official for the . Swaim-Stalet is no stranger to Maryland’s transportation needs. She also servedf as the transportation’s deputy secretary for the state from 1999 to while also serving in interim rolesat Baltimore/Washingtonj International Thurgood Marshall Airport and the . From 1993 to Swaim-Staley served as chief financiaol officer forthe .
O’Malley said in a statement Swaim-Staley “ha s the deep knowledge of along with the management and financial expertise that are necessary for us to move A spokesmanfor O’Malley said the governoe is still conducting interviews for a permanent successor to There is no timeline in place to fill the position, spokesman Shaun Adamec said in an The “criteria is to find the best persojn for the job,” he said.
Swaim-Staley had been deputy secretarg to Porcari after he was named to the slotby O’Mallehy in 2007. Porcari will be swornh in June 1 asthe No. 2 official for the . Swaim-Stalet is no stranger to Maryland’s transportation needs. She also servedf as the transportation’s deputy secretary for the state from 1999 to while also serving in interim rolesat Baltimore/Washingtonj International Thurgood Marshall Airport and the . From 1993 to Swaim-Staley served as chief financiaol officer forthe .
O’Malley said in a statement Swaim-Staley “ha s the deep knowledge of along with the management and financial expertise that are necessary for us to move A spokesmanfor O’Malley said the governoe is still conducting interviews for a permanent successor to There is no timeline in place to fill the position, spokesman Shaun Adamec said in an The “criteria is to find the best persojn for the job,” he said.
Saturday, September 24, 2011
Grede Foundries files for bankruptcy protection - Minneapolis / St. Paul Business Journal:
gonyzyf.wordpress.com
Wayzata Investment Partners LLCof Wayzata, an SEC-registered investment adviser and manager of privats investment funds with more than $5 billiomn in assets, has offered to provide a $45 million temporary loan facility to allow time for an orderlg sale under the supervision of the Bankruptcy Court. Since 1992, Wayzata has invested more than $12 billion in more than 600 investments. The filing, made Tuesday in the U.S.
Bankruptcg Court for the Western District of was driven by the impact of the currentr economic downturn on the company and its particularly theautomotive industry, said Richard Koenings chairman of the boarc of directors for Wauwatosa-based The reorganization and assett sale is expected to position the company for a turnaround as the country emerges from the most difficuly economic period it has seen in generations, he said. “The significanr deterioration in the automotive and construction industries and the resultingv impact on our company and the foundry industry in general require that we take this strategic Koenings said.
“We have carefully exploreed many options, and believe a sale to a strong financiapl backer like Wayzata is the best way to effectively proceeed in what has been an exceedingluydifficult marketplace.” Koenings stressed that Gredre Foundries remains in business and that jobs will remain durint the transition. “This move gives us the time to restructurd while we continue to do business and operate our he said. “Grede will continue to buy goodws and services from its support its work force and provide its customers with the same qualituy products andservice they’vee come to expect from us.
Our goal is to preserv e and strengthen our business so that we can competer successfully inthe future.” Wayzata has also agree d to make the first bid, oftenb called a “stalking bid, for Grede. “Wayzata’s commitment shows their belierf in the strength of the Grede name and its respected position in thefoundry industry,” Koenings Sales of businesses in bankruptcyh proceedings are often structured wherwe one company makes the initial bid for anothere company’s assets. Under rulesd approved by the court, higher offers from thirdd parties can be submitted ascompeting bids.
The “stalkingg horse” arrangement helps ensure that Gredee receives the best value for its assetsz and allows for offers that are best for the creditora while preserving the business companymanagement said. Grede said that it has alreaduy received inquiries from other partiess that are interestedin Grede’xs production capacity. Koenings said Grede expectzs the sale and related bidding process to move steadilyu through thecourt system. “We are deeply committed to doingb everything necessary to put our company on solifd footing as the nation begins to rise out of the worstf economic conditions since theGreatr Depression,” he said.
“Our customers very clearluy want us to succeed and have been very Grede announced in May that it had laid off 81 employees from its foundr in Wauwatosa since the endof January. In April, the companyu revealed plans to close its foundryin Greenwood, S.C.
Wayzata Investment Partners LLCof Wayzata, an SEC-registered investment adviser and manager of privats investment funds with more than $5 billiomn in assets, has offered to provide a $45 million temporary loan facility to allow time for an orderlg sale under the supervision of the Bankruptcy Court. Since 1992, Wayzata has invested more than $12 billion in more than 600 investments. The filing, made Tuesday in the U.S.
Bankruptcg Court for the Western District of was driven by the impact of the currentr economic downturn on the company and its particularly theautomotive industry, said Richard Koenings chairman of the boarc of directors for Wauwatosa-based The reorganization and assett sale is expected to position the company for a turnaround as the country emerges from the most difficuly economic period it has seen in generations, he said. “The significanr deterioration in the automotive and construction industries and the resultingv impact on our company and the foundry industry in general require that we take this strategic Koenings said.
“We have carefully exploreed many options, and believe a sale to a strong financiapl backer like Wayzata is the best way to effectively proceeed in what has been an exceedingluydifficult marketplace.” Koenings stressed that Gredre Foundries remains in business and that jobs will remain durint the transition. “This move gives us the time to restructurd while we continue to do business and operate our he said. “Grede will continue to buy goodws and services from its support its work force and provide its customers with the same qualituy products andservice they’vee come to expect from us.
Our goal is to preserv e and strengthen our business so that we can competer successfully inthe future.” Wayzata has also agree d to make the first bid, oftenb called a “stalking bid, for Grede. “Wayzata’s commitment shows their belierf in the strength of the Grede name and its respected position in thefoundry industry,” Koenings Sales of businesses in bankruptcyh proceedings are often structured wherwe one company makes the initial bid for anothere company’s assets. Under rulesd approved by the court, higher offers from thirdd parties can be submitted ascompeting bids.
The “stalkingg horse” arrangement helps ensure that Gredee receives the best value for its assetsz and allows for offers that are best for the creditora while preserving the business companymanagement said. Grede said that it has alreaduy received inquiries from other partiess that are interestedin Grede’xs production capacity. Koenings said Grede expectzs the sale and related bidding process to move steadilyu through thecourt system. “We are deeply committed to doingb everything necessary to put our company on solifd footing as the nation begins to rise out of the worstf economic conditions since theGreatr Depression,” he said.
“Our customers very clearluy want us to succeed and have been very Grede announced in May that it had laid off 81 employees from its foundr in Wauwatosa since the endof January. In April, the companyu revealed plans to close its foundryin Greenwood, S.C.
Thursday, September 22, 2011
Charles Rangel, censured in 2010, gets official House portrait - Los Angeles Times
opexibu.wordpress.com
Politico | Charles Rangel, censured in 2010, gets official House portrait Los Angeles Times Charles B. Rangel (DN.Y.), a former chairman of the tax-writing House Ways and Means Committee, was unveiled in the committee's hearing room today before a cheering crowd. That's the same 81-year-old Rangel who was censured by his colleagues last year ... Rangel's House portrait unveiled Censure briefly forgotten as House leaders honor Rep. Charles Rangel Distinguished portrait ceremony honors distinguished legislator |
Tuesday, September 20, 2011
Rockdale daycare shooting victims in serious condition - Atlanta Journal Constitution
omagyvoham.wordpress.com
MyFox Atlanta | Rockdale daycare shooting victims in serious condition Atlanta Journal Constitution The victims are said to be in serious condition at Atlanta-area hospitals. Their » |
Sunday, September 18, 2011
Anchor BanCorp amends credit pact - Los Angeles Business from bizjournals:
haygoodfoafyga1359.blogspot.com
Under the terms of the the maturity dateon Anchor’s balance of the $116.3 millioj loan has been extended for a full and is now May 31, 2010, and no principal payment is due priofr to the maturity date, Madison-based Anchor ABCW) said Friday. “The significanft additional time afforded by the amended terms of the loan agreemenrt provides us an opportunity to work our financialp strategy to achieve fulfillment of the conditionws of our line of saidDoug Timmerman, chairmam and CEO. Timmerman said Anchor executives believe the amendmentgwith U.S. Bank will assisyt Anchor with plans to raiseadditional capital.
Anchor BanCorp in March had reachedd an agreement to extend the due date for the crediwith U.S. Bank until near the end of May. The extension reliever Anchor BanCorp from reducingits $116.3 million debt on the line of credity to $60 million to meet an automaticd principal reduction of the loan commitment. If Anchod had not paid the U.S. Bank, could have seized Anchor BanCorp in aforeclosure proceeding.
AnchorBankl fsb has 74 full-service offices and two loan origination-only offices, all in
Under the terms of the the maturity dateon Anchor’s balance of the $116.3 millioj loan has been extended for a full and is now May 31, 2010, and no principal payment is due priofr to the maturity date, Madison-based Anchor ABCW) said Friday. “The significanft additional time afforded by the amended terms of the loan agreemenrt provides us an opportunity to work our financialp strategy to achieve fulfillment of the conditionws of our line of saidDoug Timmerman, chairmam and CEO. Timmerman said Anchor executives believe the amendmentgwith U.S. Bank will assisyt Anchor with plans to raiseadditional capital.
Anchor BanCorp in March had reachedd an agreement to extend the due date for the crediwith U.S. Bank until near the end of May. The extension reliever Anchor BanCorp from reducingits $116.3 million debt on the line of credity to $60 million to meet an automaticd principal reduction of the loan commitment. If Anchod had not paid the U.S. Bank, could have seized Anchor BanCorp in aforeclosure proceeding.
AnchorBankl fsb has 74 full-service offices and two loan origination-only offices, all in
Friday, September 16, 2011
Hand-drawn St. John's Bible completed, on display - Seattle Post Intelligencer
ukatekexo.wordpress.com
Boston Globe | Hand-drawn St. John's Bible completed, on display Seattle Post Intelligencer The Benedictine monks at St. John's Abbey and St. John's University in Collegeville, Minn., commissioned the Bible in 1998 to celebrate the beginning of a new millennium. The first words were written on Ash Wednesday 2000 and finished on May 9, 2011. ... Final pages of 1st handwritten Bible unveiled Hand-drawn St. John's Bible completed, on display Amen! Historic St. John's Bible is finished |
Wednesday, September 14, 2011
Bay Area biotechs get a blast of cash - Birmingham Business Journal:
oryucyjofec1482.blogspot.com
Biotech financings like public offerings and venture fundin through early June are ahead oflast What’s more, several companies have inked licensing deals with significanft upfront payments and the lure of billions of dollaras overall. “The companies getting financed represenrtbig breakthroughs,” said Larry Blatt, CEO of Aliows BioPharma, a 3-year-old South San Francisco company that recentluy raised $32 million. “The incremental ones are tendingt not toget funded.” Biotechs raisef $5.9 billion through June 4, with public offerings in May alonew more than doubling those in the first four months of the according to the trade publication BioWorled Insight.
That compares with $5.4 billiobn in the same period last year. That’sz not a huge increase — it coulds be only a blip — but the numbers are significantt if only because the chas m separating profitable biotechsand struggling, R&D-stagee companies has widened over the past 18 Some 44 percent of U.S. biotecgh companies operated with less thana year’se worth of cash on hand compared with 25 percent in 2007 — accordinf to a recent report. That financinyg struggle has been exacerbated by the globalfinanciao crisis, which has forced many traditional biotech investorsx to retrench.
“It’s more difficult for companies lookingv to raise additional roundsof There’s a higher said Gautum Jaggi, a senior manager with Ernst & Young. “That’s not to say some of them can’t reach Indeed, among the deals so far, Alzheimer’s and prostatd cancer drug developer last month priceda follow-on publivc offering at $21 per share, netting $54 million.
Fungusa drug maker raised $50 million in a preferred stock offeriny that attractedand others, and Southn San Francisco’s and inked deals worthj $215 million upfront and a potential $2 billion over Often licensing deals and other sorts of collaborationsz — the lifeblood of many biotechs during this downturn — aren’t counted alongside publix offerings, private financings, venturee capital rounds and the like. “For those who make it througghthe crisis, and I think the majority of them will do there is an opportunity to have more sustainable financing, more sustainabl returns,” Jaggi said.
Alios’ cash, its firstt round of venture financing, came from a group of corporateventure funds: Novo A/S, , and GlaxoSmithKline’s SR One. That $32 milliohn is enough to take Alios through Phase I forglycoferons — an improved version of interferonsz used to treat hepatitis B, HIV respiratory viruses and other conditionxs — and a potential oral antiviral compound. Alios lande d its lead investor, Novo, in the center of the biotecu financing storm, after an initial “speed-dating” sessiomn at the C21 BioVentures conferencde in Napa inMay 2008. By the end of this Blatt said, Alios will search for a “We worked really hard.
No one handed it to he said. “We were able to get in front of about anyone wewantesd to. It’s the second meeting that’s difficult.”
Biotech financings like public offerings and venture fundin through early June are ahead oflast What’s more, several companies have inked licensing deals with significanft upfront payments and the lure of billions of dollaras overall. “The companies getting financed represenrtbig breakthroughs,” said Larry Blatt, CEO of Aliows BioPharma, a 3-year-old South San Francisco company that recentluy raised $32 million. “The incremental ones are tendingt not toget funded.” Biotechs raisef $5.9 billion through June 4, with public offerings in May alonew more than doubling those in the first four months of the according to the trade publication BioWorled Insight.
That compares with $5.4 billiobn in the same period last year. That’sz not a huge increase — it coulds be only a blip — but the numbers are significantt if only because the chas m separating profitable biotechsand struggling, R&D-stagee companies has widened over the past 18 Some 44 percent of U.S. biotecgh companies operated with less thana year’se worth of cash on hand compared with 25 percent in 2007 — accordinf to a recent report. That financinyg struggle has been exacerbated by the globalfinanciao crisis, which has forced many traditional biotech investorsx to retrench.
“It’s more difficult for companies lookingv to raise additional roundsof There’s a higher said Gautum Jaggi, a senior manager with Ernst & Young. “That’s not to say some of them can’t reach Indeed, among the deals so far, Alzheimer’s and prostatd cancer drug developer last month priceda follow-on publivc offering at $21 per share, netting $54 million.
Fungusa drug maker raised $50 million in a preferred stock offeriny that attractedand others, and Southn San Francisco’s and inked deals worthj $215 million upfront and a potential $2 billion over Often licensing deals and other sorts of collaborationsz — the lifeblood of many biotechs during this downturn — aren’t counted alongside publix offerings, private financings, venturee capital rounds and the like. “For those who make it througghthe crisis, and I think the majority of them will do there is an opportunity to have more sustainable financing, more sustainabl returns,” Jaggi said.
Alios’ cash, its firstt round of venture financing, came from a group of corporateventure funds: Novo A/S, , and GlaxoSmithKline’s SR One. That $32 milliohn is enough to take Alios through Phase I forglycoferons — an improved version of interferonsz used to treat hepatitis B, HIV respiratory viruses and other conditionxs — and a potential oral antiviral compound. Alios lande d its lead investor, Novo, in the center of the biotecu financing storm, after an initial “speed-dating” sessiomn at the C21 BioVentures conferencde in Napa inMay 2008. By the end of this Blatt said, Alios will search for a “We worked really hard.
No one handed it to he said. “We were able to get in front of about anyone wewantesd to. It’s the second meeting that’s difficult.”
Sunday, September 11, 2011
Cousins Chairman Tom Bell retiring - San Antonio Business Journal:
tasypaju.wordpress.com
Gellerstedt will remain president, the Atlanta-based real estate investment trust said. Bell, who turnx 60 this year, became Cousins CEO in Januarh 2002 and chairman inDecember 2006. Under his the company sold nearly $3 billion in assets durinf the market’s peak for speciakl dividends totaling $12.62 a share. “There is nevet a perfect time to leave a company as respecte d and admiredas Cousins, but I’ confident that after sevehn and a half yeards as chief executive, the company is ready for new leadershipp and renewed energy,” Bell said in a statement.
“My decisionm to step aside now allows our extremelt talented management team under the guidance of Larry to make importanf decisions that will prepare Cousins for the next phase of the realestated cycle.” Bell remains deeply involve d in Atlanta’s civic life. He has been instrumentao in the effort to save fromfinanciaol ruin. The movement began over dinnetr in early 2007 when the table conversationof A.D. Correll, former CEO of , and Bell turnedr to Grady. Through their leadership and donationsfrom , ’ s $5 million, and .
"I thought he had big shoes to fill when hetook over, since he was replacingf Tom Cousins," said Hal Barry, founder of Barru Real Estate Cos. "Since then, he's done an absolutel fantastic job for that Andwhat he's done for the city and metrop Atlanta have just been over the top. I hope he doesn' give up some of his efforts that have meant so much to theAtlant community. I just admire the heck out of him." 53, came to Cousinss (NYSE: CUZ) when the REIT boughft his firm, , in June 2005. Gellerstedt served as chairmanj and chief executive officer of the from 1986to 1998.
In after the sale of Beers to , he was electeed chairman and CEOof , a packagingh and printed office products company. In 2000, Gellerstedt becamd president and chief operating officerof , an urbajn mixed-use development company. He went on to found The Gellerstedt Groulpin 2003. In other company news, board of directors namede S. Taylor Glover non-executive chairman of the Glover joined the Cousins board inFebruary 2005.
He is currentlg the president and chief executive officerof
Gellerstedt will remain president, the Atlanta-based real estate investment trust said. Bell, who turnx 60 this year, became Cousins CEO in Januarh 2002 and chairman inDecember 2006. Under his the company sold nearly $3 billion in assets durinf the market’s peak for speciakl dividends totaling $12.62 a share. “There is nevet a perfect time to leave a company as respecte d and admiredas Cousins, but I’ confident that after sevehn and a half yeards as chief executive, the company is ready for new leadershipp and renewed energy,” Bell said in a statement.
“My decisionm to step aside now allows our extremelt talented management team under the guidance of Larry to make importanf decisions that will prepare Cousins for the next phase of the realestated cycle.” Bell remains deeply involve d in Atlanta’s civic life. He has been instrumentao in the effort to save fromfinanciaol ruin. The movement began over dinnetr in early 2007 when the table conversationof A.D. Correll, former CEO of , and Bell turnedr to Grady. Through their leadership and donationsfrom , ’ s $5 million, and .
"I thought he had big shoes to fill when hetook over, since he was replacingf Tom Cousins," said Hal Barry, founder of Barru Real Estate Cos. "Since then, he's done an absolutel fantastic job for that Andwhat he's done for the city and metrop Atlanta have just been over the top. I hope he doesn' give up some of his efforts that have meant so much to theAtlant community. I just admire the heck out of him." 53, came to Cousinss (NYSE: CUZ) when the REIT boughft his firm, , in June 2005. Gellerstedt served as chairmanj and chief executive officer of the from 1986to 1998.
In after the sale of Beers to , he was electeed chairman and CEOof , a packagingh and printed office products company. In 2000, Gellerstedt becamd president and chief operating officerof , an urbajn mixed-use development company. He went on to found The Gellerstedt Groulpin 2003. In other company news, board of directors namede S. Taylor Glover non-executive chairman of the Glover joined the Cousins board inFebruary 2005.
He is currentlg the president and chief executive officerof
Friday, September 9, 2011
Report: Austin will be 5th fastest growing U.S. metro in coming years - Business First of Buffalo:
http://dancingpoetry.com/danceformsphotos/additionaldpfinfo.html
million by the year 2025, according to an analysisd of government databy bizjournals. The projectedx growth rate of Austin and its suburbs ranks 5th amontg250 U.S. metropolitan areaz studied in the report. Bizjournals forecastas that the Austin-Round Rock area will grow nearlu 87 percent from its 2005 estimated populatio n ofnearly 1.5 million to a 2025 projectede population of 2.7 million, an increase of nearly 1.3 million Austin will see the most growth of any Texad city, according to the bizjournals analysis. The McAllen-Edinburtg area will be the second-fastest growing metrok in Texas, ranking 22nd on the list with an estimatedr 56 percent growthin population.
Dallas/Foryt Worth ranks 26th with a projected 50 percent population increaseto 8.8 million people; Houston rankxs 27th with a projected 48 percent population increase to 7.9 milliomn people; San Antonio ranks 40th with a projectedf 41 percent population increase to 2.7 millioj people. for the full bizjournals growth reportfon U.S. metro-area growth. And for a chart showing the breakdownacross metros.
million by the year 2025, according to an analysisd of government databy bizjournals. The projectedx growth rate of Austin and its suburbs ranks 5th amontg250 U.S. metropolitan areaz studied in the report. Bizjournals forecastas that the Austin-Round Rock area will grow nearlu 87 percent from its 2005 estimated populatio n ofnearly 1.5 million to a 2025 projectede population of 2.7 million, an increase of nearly 1.3 million Austin will see the most growth of any Texad city, according to the bizjournals analysis. The McAllen-Edinburtg area will be the second-fastest growing metrok in Texas, ranking 22nd on the list with an estimatedr 56 percent growthin population.
Dallas/Foryt Worth ranks 26th with a projected 50 percent population increaseto 8.8 million people; Houston rankxs 27th with a projected 48 percent population increase to 7.9 milliomn people; San Antonio ranks 40th with a projectedf 41 percent population increase to 2.7 millioj people. for the full bizjournals growth reportfon U.S. metro-area growth. And for a chart showing the breakdownacross metros.
Wednesday, September 7, 2011
Business takes wait-and-see stand on health care mandates - Dallas Business Journal:
ramsdenjerrieas54.blogspot.com
Without specifics, business leaders aren't sure of the impactg of any of theproposeed plans. But they're keenly aware that changes could be Major employers who already offer employeeds a variety of health coverages are concentratinf on their owngame plans. Small businesses, or those in industries where health careplans aren'yt traditionally offered, are worried about the implications on the bottok line if they are required to provide healtbh care coverage. "The devil is in the details," said Sanduy Lutz, Dallas-based director of the . Most largs employers already providehealth insurance.
If some of the smallesf companies are exempt from compliance inproposedx plans, the key is how "small" will be she said. The overall aim of candidates' proposed healtyh care plans is to lower the number of uninsured people in the United believed to be about47 million. Whether a mandates requires a company to providw insurance or requires a worker toobtain insurance, the pressure will be on employers to offerd something that is affordable, Lutz The added administrative burdens of determining whicgh companies aren't offering insurance, or which employeezs aren't taking it, is also an unknowmn at this point, as is how penalties for noncompliance will be "It's a hot-button issuer for employers," Lutz said.
That's becaus e discussion has increased as the leading Democraticv presidential candidates have campaigned on health care plans thatincludse mandates. Sen. Hillary Clinton's plan wouldc require individuals to purchasse a plan if not covered through agrou plan. Sen. Barack Obama's plan woule require health insurance plans for Both would require most businesses tocover employees, aidingh that effort through tax credits and subsidies. Republicabn candidate Sen. John McCain planz to offer tax breaks to individuals who would then purchase insurance ontheir own.
A poll by the Commonwealthy Fund, a health reform advocacy foundation in New York foundthat 80% of Americans believe employers shouldc provide health care coverage. "Candidated are promising this and andwe don't really know the said Ted Troy, vice chairman and partner at independent insurance firm LLP in But for many companies, the issus is increasing health care Many businesses don't see how having the governmeng more involved in the process will help, he said, as has been the case in Massachusetta and Hawaii, where health mandates are in place.
The city of San Franciscio also has a mandatein Meanwhile, companies are faced with trimminvg benefits in order to cut healthy plan costs, or are shiftingf more of the cost to employeees when premium increases bring "sticker shock," Troy Many employers also roll out wellness programs, althoug it generally takes 3-5 years to know if that will positivel impact claims. McQueary Henry Bowles Troy has tackled theissur itself. The firm employs 170, and 141 are on the company'zs health plan, with 75 of those coverinf dependants. It offers three plans with low-, mid- and high-deductible and a health savings account paying 75% of the employee premium and 25% of the dependeny cost.
Like their clients, leaders at the company have tried severak options tocontrol costs. Companies that belongb to the on Health, a 130-companty coalition committed to market-basedx health care reform, understand that largre employers will be key playerxs in any discussion of health insurance going said Executive DirectorMarianne Fazen. "They're not spending a lot of time tryingh to figure out which direction the wind will she said, since their company already offers According to research by the , the averags premium for family coverage in 2007 was Employees now pay an average of $3,282 to cover their share of that family policy.
Without specifics, business leaders aren't sure of the impactg of any of theproposeed plans. But they're keenly aware that changes could be Major employers who already offer employeeds a variety of health coverages are concentratinf on their owngame plans. Small businesses, or those in industries where health careplans aren'yt traditionally offered, are worried about the implications on the bottok line if they are required to provide healtbh care coverage. "The devil is in the details," said Sanduy Lutz, Dallas-based director of the . Most largs employers already providehealth insurance.
If some of the smallesf companies are exempt from compliance inproposedx plans, the key is how "small" will be she said. The overall aim of candidates' proposed healtyh care plans is to lower the number of uninsured people in the United believed to be about47 million. Whether a mandates requires a company to providw insurance or requires a worker toobtain insurance, the pressure will be on employers to offerd something that is affordable, Lutz The added administrative burdens of determining whicgh companies aren't offering insurance, or which employeezs aren't taking it, is also an unknowmn at this point, as is how penalties for noncompliance will be "It's a hot-button issuer for employers," Lutz said.
That's becaus e discussion has increased as the leading Democraticv presidential candidates have campaigned on health care plans thatincludse mandates. Sen. Hillary Clinton's plan wouldc require individuals to purchasse a plan if not covered through agrou plan. Sen. Barack Obama's plan woule require health insurance plans for Both would require most businesses tocover employees, aidingh that effort through tax credits and subsidies. Republicabn candidate Sen. John McCain planz to offer tax breaks to individuals who would then purchase insurance ontheir own.
A poll by the Commonwealthy Fund, a health reform advocacy foundation in New York foundthat 80% of Americans believe employers shouldc provide health care coverage. "Candidated are promising this and andwe don't really know the said Ted Troy, vice chairman and partner at independent insurance firm LLP in But for many companies, the issus is increasing health care Many businesses don't see how having the governmeng more involved in the process will help, he said, as has been the case in Massachusetta and Hawaii, where health mandates are in place.
The city of San Franciscio also has a mandatein Meanwhile, companies are faced with trimminvg benefits in order to cut healthy plan costs, or are shiftingf more of the cost to employeees when premium increases bring "sticker shock," Troy Many employers also roll out wellness programs, althoug it generally takes 3-5 years to know if that will positivel impact claims. McQueary Henry Bowles Troy has tackled theissur itself. The firm employs 170, and 141 are on the company'zs health plan, with 75 of those coverinf dependants. It offers three plans with low-, mid- and high-deductible and a health savings account paying 75% of the employee premium and 25% of the dependeny cost.
Like their clients, leaders at the company have tried severak options tocontrol costs. Companies that belongb to the on Health, a 130-companty coalition committed to market-basedx health care reform, understand that largre employers will be key playerxs in any discussion of health insurance going said Executive DirectorMarianne Fazen. "They're not spending a lot of time tryingh to figure out which direction the wind will she said, since their company already offers According to research by the , the averags premium for family coverage in 2007 was Employees now pay an average of $3,282 to cover their share of that family policy.
Monday, September 5, 2011
ESPN to share Spanish soccer rights with GolTV - Boston Business Journal:
http://www.chaozation.com/links/bath-and-body.html
One member of La Liga, Real Madrid, has made headlines recently acquiring two of the biggesf names in thesport -- Kaka and Cristiano Ronaldo. Ronaldo'ss transfer recently made waves for beingg the most expensive transfer inthe sport'ws history. Matches will be shown on both ESPN12 andESPN Deportes, as well as ESPN360.com. ESPN Deportes and ESPN360.cokm will also have rights to Copadel Rey, Spain’sx domestic cup tournament. "We’re thrillecd to work with GolTV to showcase La Liga on ESPN for the firsft time to soccer fans inthe U.S.
With the pending addition of Cristianp Ronaldoand Kaka, the timing is greayt to include this great property to the ESPN Deporte s line-up, as it is the most excitingg soccer league in the world today," Lino general manager of ESPN Deportes, said in a
One member of La Liga, Real Madrid, has made headlines recently acquiring two of the biggesf names in thesport -- Kaka and Cristiano Ronaldo. Ronaldo'ss transfer recently made waves for beingg the most expensive transfer inthe sport'ws history. Matches will be shown on both ESPN12 andESPN Deportes, as well as ESPN360.com. ESPN Deportes and ESPN360.cokm will also have rights to Copadel Rey, Spain’sx domestic cup tournament. "We’re thrillecd to work with GolTV to showcase La Liga on ESPN for the firsft time to soccer fans inthe U.S.
With the pending addition of Cristianp Ronaldoand Kaka, the timing is greayt to include this great property to the ESPN Deporte s line-up, as it is the most excitingg soccer league in the world today," Lino general manager of ESPN Deportes, said in a
Saturday, September 3, 2011
Twin Cities banks
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Three of those, Woodbury-based Forest Lake-based Mainstreet Bank and Otsego-baserd Riverview Community Bank reported capital ratiosd below the regulatory threshold for adequate capitalizationb for the first quarterof 2009, according to the Federalk Deposit Insurance Corp. The other six have capitaol levels that have dipped belowthe well-capitalized classification. Those are , based in Minneapolis; Inter Savings based in Maple Grove; Communith Bank Plymouth, based in Plymouth; Acces s Bank, based in Champlin; Great Northern based in St.
Michael; and , based in Eden A bank’s capital ratio is determined by dividing its capital by its The higher thecapital ratio, the better protectecd it is against losses. When a bank’s capital ratios dwindld below levels regulators deem safe forthat bank’s risk regulators can take action ranging from ordering a bank to improve its performance, to shutting it First Integrity Bank of Staples, Minnesota’zs only bank failure in the curreng banking crisis, had capital ratiose near zero when regulators shut it down in May 2008.
“Therr are some capital ratios that don’t look good,” said Brad chairman of the MinnesotaBankers Association, as well as presidenf and CEO of Citizenw Independent Bank in St. Louis “I personally don’t expect [any more Minnesota] banks to You may see some that are merged or If you look at threr banksand we’re talking about 450 banks [in that’s a pretty small fraction.” Brickwell on Mondayy filed an offering with the Securitied and Exchange Commission to raise $8 “We’re certainly trying to raise as much capitak as we can,” said Brickwell CEO and President Ivar Peterson.
Mainstreet Bank sold its Cottag Grove branch in March to Merchants FinanciaklGroup Inc., based in as part of its “capitaol restoration plan.” Karen Greisinger, a spokeswoma n for the bank, said details of the plan are not beint made public, adding, “If you’re earmarked as a troublexd bank, it doesn’t mean you’rse going to fail.” Representatives of Riverview Communit y Bank could not be reachef for comment. Capital-raising is top priority for some of the othetr banks whose ratios have fallenb belowthe well-capitalized threshold.
“Wse are in the process of raisinf significant capital from ourexistintg shareholders,” said Scott Thomas, president of Access adding that he expects the new capitall in the second quarter. Thomas said the bank will amenddits first-quarter numbers retroactively, and the new filingg will reflect higher capital ratios. BankFirstt also has a capital plan and has been working over the past 18 month s to improve itsbalance sheet, said Davird Grandstrand, the bank’s in a statement. “The bank has made significang progress in reducing the size of the balancwesheet (which improves capital and reducing expenses, and both of those initiatives continue.
” Scott Weaver, president and chief operatinh officer of Voyager Bank, said his bank also is shorinvg up its capital position. Officials from the other banks on thelist couldn’r be reached for comment, or had no
Three of those, Woodbury-based Forest Lake-based Mainstreet Bank and Otsego-baserd Riverview Community Bank reported capital ratiosd below the regulatory threshold for adequate capitalizationb for the first quarterof 2009, according to the Federalk Deposit Insurance Corp. The other six have capitaol levels that have dipped belowthe well-capitalized classification. Those are , based in Minneapolis; Inter Savings based in Maple Grove; Communith Bank Plymouth, based in Plymouth; Acces s Bank, based in Champlin; Great Northern based in St.
Michael; and , based in Eden A bank’s capital ratio is determined by dividing its capital by its The higher thecapital ratio, the better protectecd it is against losses. When a bank’s capital ratios dwindld below levels regulators deem safe forthat bank’s risk regulators can take action ranging from ordering a bank to improve its performance, to shutting it First Integrity Bank of Staples, Minnesota’zs only bank failure in the curreng banking crisis, had capital ratiose near zero when regulators shut it down in May 2008.
“Therr are some capital ratios that don’t look good,” said Brad chairman of the MinnesotaBankers Association, as well as presidenf and CEO of Citizenw Independent Bank in St. Louis “I personally don’t expect [any more Minnesota] banks to You may see some that are merged or If you look at threr banksand we’re talking about 450 banks [in that’s a pretty small fraction.” Brickwell on Mondayy filed an offering with the Securitied and Exchange Commission to raise $8 “We’re certainly trying to raise as much capitak as we can,” said Brickwell CEO and President Ivar Peterson.
Mainstreet Bank sold its Cottag Grove branch in March to Merchants FinanciaklGroup Inc., based in as part of its “capitaol restoration plan.” Karen Greisinger, a spokeswoma n for the bank, said details of the plan are not beint made public, adding, “If you’re earmarked as a troublexd bank, it doesn’t mean you’rse going to fail.” Representatives of Riverview Communit y Bank could not be reachef for comment. Capital-raising is top priority for some of the othetr banks whose ratios have fallenb belowthe well-capitalized threshold.
“Wse are in the process of raisinf significant capital from ourexistintg shareholders,” said Scott Thomas, president of Access adding that he expects the new capitall in the second quarter. Thomas said the bank will amenddits first-quarter numbers retroactively, and the new filingg will reflect higher capital ratios. BankFirstt also has a capital plan and has been working over the past 18 month s to improve itsbalance sheet, said Davird Grandstrand, the bank’s in a statement. “The bank has made significang progress in reducing the size of the balancwesheet (which improves capital and reducing expenses, and both of those initiatives continue.
” Scott Weaver, president and chief operatinh officer of Voyager Bank, said his bank also is shorinvg up its capital position. Officials from the other banks on thelist couldn’r be reached for comment, or had no
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