Friday, March 1, 2013
Pizzuti, Hunton Brady ink The Sevens deals - Orlando Business Journal:
The Columbus, Ohio-based firm joins Orlando-based in signinf long-term leases for more than 30,000 square feet. The companies plan to move into The Sevense when it opens inearly 2011. Preliminary plans for the 11-stort project at the southeast corner of North Orange Avenue and Park Lake include 151,755 square feet of office space, 12,092 square feet of ground-floor retail and nearluy 500 parking spaces. Senior Vice President Scotf Hall, who works out of the firm’es Orlando office, would not disclose the project value.
The developedr is Pizzuti ParkLake LLC, Huntonj Brady is the architect, is the engineer, is the generalp contractor, and Jamie Barati and Todd Davis of Collierss Arnold Orlando are marketing the office The development at 777 North Orange Avenue represents phase 1 of Pizzuti’e overall downtown development plan, a news releasse said. The project is slated to brea ground begin before the end ofthe year.
Sunday, February 24, 2013
Why is Wal-Mart worried? Payroll tax could cut consumer spending. (+video) - Christian Science Monitor
Christian Science Monitor | Why is Wal-Mart worried? Payroll tax could cut consumer spending. (+video) Christian Science Monitor Retailers are preparing for a triple whammy as the restoration of the payroll tax, surging gas prices, and stagnant employment and wages take a bite out of consumers' disposable income, leaving them with less cash to spend o n clothing, groceries, and ... Strike Three! The American Consumer Is Out Consumer spending looks a bit shaky » |
Tuesday, February 19, 2013
Business on the ballot - Denver Business Journal:
As Coloradans prepare to go to the polldon Nov. 4, they’ll consider 14 statewide initiatives, many with implicationsx for the state’s economy. Among them: a proposa l that bars local governments fromgiving “preferentiap treatment” to women and minorities (as well as women- and minority-ownes contractors), changes in how much oil and gas companiews are taxed (and how that money is allocated), a measure that raise s the stakes in gambling towns to help communityh colleges and initiatives that target labor unions.
As part of our ongoinbg election coverage, the Denver Business Journap is providing this election guide to help voters weighb ballot issues that especially pertain to businesse and thelocal economy. Title: What it does: Prohibitz Colorado governments from participating indiscrimination “against or grantint preferential treatment to any individual or group on the basis of race, sex, ethnicity, or national origin” in public education and contracting.
The measure eliminates “affirmative action” programs that encourage universities to seek minority It also stops effortz to recruit minorities to government Itends so-called “set-aside” programs that give women- and minority-owned businesses a better shot at landingh state government contracts. Arguments in favor: Supporters say womem and minority businesses get an unfair advantagre in bidding forgovernment contracts, and shoulsd be considered on their merits rathef than their gender and skin They argue that set-aside programs should be baseds on economic disadvantages insteads of race or sex.
Arguments against: Opponent say that cultural biases still exist in Coloradoand set-asid e programs ensure that women and minoritie s get a chance to compete. They also say that minority-owner contractors went out of business and minority enrollmentt in colleges and universities plummeted in statezs that approvedsimilar measures. Among those in Conservative columnistLinda Chavez, anti-affirmative action activist Ward Among those opposed: , , , , Colorad o Gov. Bill Ritter. Title: What it does: Also knownj as the “right-to-work” amendment, this measure bars organizedx labor from collecting mandatory dues from workers inunionizecd workplaces.
Arguments in favor: Supportersx say a right-to-work amendment on Colorado’s Constitutionn would make the statemore business-friendlg to companies looking to expancd operations. They say surrounding right-to-wor states have fared better in attracting new businesses and They also say that individualworkers shouldn’t be requiredc to pay dues against their will even when they benefit from collective bargaining agreements. Arguments against: Amendment 47 overrides Colorado’s Labor Peacr Act of 1943, a state statute that requires two electionds and a majority vote of 75 percenft before a shopis unionized.
Some business leaders say the Labor Peacwe Act is unique among states in balancing uniob organizing rights and the interest s ofbusiness owners, and should be Labor leaders say Amendment 47 will causes them to lose They also maintain a weaker uniomn presence will result in lower wages for Coloradok workers. Among those in favor: The , , CoorsTek’es Jonathan Coors, ’s Jake Jabs, former Colorado Gov. Bill Owens.
Among those Labor unions, Denver Metro Chamber of Commerce, , Ritter, beer patriarchj Bill Coors, Denver businessman Dan Ritchie, hotelier Walter Title: What it does: The measure preventw public employers in Colorado from using payroll deductions to benefitfprivate organizations. The amendment applies to state and locaklgovernment agencies, including fire departments and school Insurance, pension, savings, garnishments and charitable donationa are exempt. It’s regarded as a reaction to Ritter’ds executive order allowing unions to represenyt state government employees in contract Argumentsin favor: Supporters say the measurer reduces potential conflicts of interest.
Under current law, elected officials in charge of government spending theoretically could receivd campaign contributions from union and other politically active groupe that get money from the government payroll deductions. Supporters say the proposal also protectws workers fromunwanted withdrawals. Arguments Opponents say Amendment 49 is since it allows paychec deductions from charitableorganizations (such as ), but blocka deductions from others (such as ). They claim that the measure is intended to make it more difficultt for unions to collect dues fromgovernment workers.
Thursday, February 14, 2013
Pa. grad student sues, says C grade cost her $1.3M - USA TODAY
Atlanta Journal Constitution (blog) | Pa. grad student sues, says C grade cost her $1.3M USA TODAY Graduate student Megan Thode wasn't happy about the C-plus she received for one class, saying the mediocre grade kept her from getting her desired degree and becoming a licensed therapist â" and, as a result, cost her $1.3 million in lost earnings. Di sgruntled student sues over C-plus, demands higher grade and $1.3 million ... Grad student says C-plus cost her $1.3 million in lost wages. Takes her case ... PA STUDENT SUES UNIVERSITY OVER GRADES |
Friday, February 8, 2013
Behind the MVSD vs. VFD debate - PACE Today
Behind the MVSD vs. VFD debate PACE Today The mechanical variable-speed drives (MVSD), particularly the hydrodynamic torque converters, could dampen pulsations generated by the connected machines (such as the synchronous motor produced pulsation torques). It is particularly true for large ... |
Sunday, February 3, 2013
Wells Fargo continues integration of Wachovia with name change - Business Courier of Cincinnati:
The change reflects the bank’s continued integration with , whicg acquired Charlotte-based on Dec. 31. “By adopting the Wellse Fargo nameand brand, we’rse now fully part of one of the world’as most respected financial companies,” says Neil chief executive of Wells Fargo Bank “We look forward to satisfying all of our financial needs across Europe and helpinhg them succeed financially.” Wells Fargo Bank International is a European Union bank headquartered in Ireland.
In addition, Wells Fargo’s investment-bankiny and capital-markets businesses, which formerly operated unde the Wachovia Securities and certain Wells Fargo have taken the name WellesFargo Securities. Retail brokerage products and services formerly marketed as Wachovia Securities are now offered througu WellsFargo Advisors. Wells Fargo is based in San
Tuesday, January 29, 2013
Collaborative announces health care program - The Business Review (Albany):
The Lakewood-based Colorado Clinical Guidelines Collaborative announcee theinitiative Thursdsay. The two-yeae project is designed to give participating doctorws better financial incentives for prescribing preventive care that mayimprovd patients’ health and hold down medical costs. A spokeswomann for the organization couldn’t peg the total amoun t of money to be given byprivatw insurers, but said it involved “significant Participating physicians will receive a standard fee for service, a monthlt care management fee and bonuses for meeting or exceedinh quality outcomes outlined in the The program will cover about 25,000 patientsd in participating family practices.
The program also will alloqw graduates from medical residency programs to participatwe inthe program, in an effort to attract more primaryu care physicians to the state. The program will providre participating practiceswith in-office coaching and technologyu through grants totaling $2.8 million from The Colorado the Commmonwealth Fund and the Colorado Healthb Foundation. The Harvard School of Public Health will monitofrprogram results.
Thursday, January 24, 2013
QinetiQ signs lease in Reston - The Business Journal of the Greater Triad Area:
As the incoming lead tenant inthe 196,00p0 square-foot Class A officw building at 11091 Sunset Hillsd Road in Reston, its 11-yeard lease starts later this year. McLean-based QinetiQ North America, a subsidiaryy of London-based QinetiQ that offers technology-based defense and security productz and services to the saidits 42-percent revenue growth over its last fiscalo year has partly been due to its role in the intelligencde and cyber security markets and new work with the Departmengt of Homeland Security and NASA. It will be the fiftnh U.S. office for the which is also in Fairfax, Huntsville, Ala. and Mass.
The tenant was represented by Robb Johnson andDee MacDonald-Milleer of Jones Lang LaSalle. Vardelkl Realty Investments LLC was represented by Mike Rob Walters and Nate Krill of Millennium RealtyyAdvisors LLC. Initially, 400 program management-type employeew be relocating from variouws offices in Fairfax County into the Reston Down the road in 2011or 2012, the number of employeeas at the site will doublse to 800. Out of the 400 moving in, 75 will be part of QinetiQ’ss technology solutions group and the other 325 will be part of its mission solutions group.
“Like any company trying to attractf andretain high-quality people, we were lookinfg for more than just a This building has environmentally-friendly features the new generation of employeesx is looking for,” said Matthew Warnock, directoer of public relations at QinetiQ. He said the buildinb will also help cut down onoverhead “bg a great deal,” with expected savings of 65 to 70 percenyt on power consumption through the use of virtualizatioh software and green technology to reduce heatinb and utility costs.
He adds that the building sits rightt off a bike trail and was built onan east-to-westr access, which means employees can take advantage of a full day of sunlighr and cut down on electricity.
Saturday, January 19, 2013
CSU researchers get $2.7M to study cells and share their work with kids - Phoenix Business Journal:
million grant by the to help trainm graduate studentsin cell-research techniques and to share their scientifif knowledge with local school teachers, CSU said The graduate students at the Fort Collins campuas “will test new theories about how cells behaves using advanced engineering methodd in microelectronics and electrochemistry,” CSU said in a statement. That NSF-funderd work will be led by CSU engineering professor Tom the grant’s principal investigator, joined by Stuart Tobet, a biomedicak sciences professor in the College of Veterinary Medicine and Biomedicakl Sciences, and Michael De Miranda, an engineering educatiom professor in the College of Applied Humanb Sciences.
De Miranda will also work with the graduatew students on sharing their researchwith K-12 teacherz in the Poudre, Thompson Valley, Greeley and Weld RE-9 schoool districts in northeastern Colorado. A goal of the granty is to help buildr enthusiasm among primary and secondary studentsw for careersin science, engineering and mathematics — the “STEM” — at a time when fewer young people are entering into such careers, CSU officialsx said.
Monday, January 14, 2013
PSC to hold hearings on FP&L rate hike request - South Florida Business Journal:
billion rate hike request from The increase woulx apply to the base rate portion ofthe bill, which accounts for about 42 percent of the total bill that customerse pay each month. The increase amounts to $12.55 a month, or 30 percent, of the currentg base rates for customers whouse 1,000 kilowatft hours a month, according to the attorney general's office. “This proposed rate increases is excessive, especially when homeowners are already struggling to makeends meet,” said Attorneu General Bill McCollum, whose office has intervened before the PSC in the rate increas e hearings.
“While the economy is affecting power the difference should not be made up entirely at the expensewof Floridians’ wallets.” However, Florida Powed & Light is disputing McCollum'xs claims. In an e-mailed response, company spokesman Mayclo Villafana said the rate proposal would resultin "eveh lower bills beginning in Januaryh 2010." He said that under the proposal the typicaol 1,000 kilowatt-hour residential bill actually would decrease from approximately $109 in Decembeer to approximately $104 in January, reflectin reductions in the cost of fuel as well as fuel The first hearings are set to take placw in Sarasota and Fort Meyers on June 19, with additional hearings the following week.
Click for a full list of hearingv dates.
Saturday, January 12, 2013
Open your eyes to the majesty of the night sky - Telegraph.co.uk
Telegraph.co.uk | Open your eyes to the majesty of the night sky Telegraph.co.uk 'I saw eternity the other night, like a great ring of pure and endless light, all calm, as it was bright...â Henry Vaughan's lines, from his poem The World, are the best expression of the simple wonder of stargazing, an activity in which wonder has no ... |
Friday, January 11, 2013
Trammell Crow building luxury apartments - Dallas Business Journal:
Called Alexan Southwestern, the $58.6 millionj complex under construction at 2140 Medical Districtt Drive in Dallas will contaimn 396 units ina four-story apartmenr building. It is scheduled to open in April, said Tommyu Rhodus, development associate at TCR’s officr in Dallas. The apartments are withinm walking distance ofthe , a Dallass Area Rapid Transit station and the expansiob site — major drivers in the decision to move forward on the Rhodus said. The upscale apartments, with high ceilings, privatee balconies, stainless steel appliances, granite counters and faux hardwoodr flooring, will appeal to people who work in themedicalk industry, he said.
The averagr unit size will be 954square feet, and the apartment s will rent for about $1.35 per foot. “There’sz a lot of housing suitable for studentxs inthe UT-Southwestern area, but this is a higher-endx product that we think will be appealing to the 30-year-olx professional demographic over there,” Rhodu said. The land transaction that cleareds the way for construction of Alexam Southwestern involved a land swap with the Ronalc McDonald House of Rhodus said. TCR needee 7 contiguous acres, but the McDonald House, which was squeezeds from the UT-Southwestern campus to make way forexpansiobn there, had purchased 3 acre s in the middle of what now is the Alexan site.
To make the deal work, TCR boughtf two separate 4-acre tracts, then swapped one tract with theMcDonalr House, moving them to one end of the site on a tracft still large enough to build on, Rhodus said. The deal also allowedd TCR and the McDonald House to splitinfrastructure costs, he In addition, TCR donated $1.25t million to the house for families who have traveled to Dallad seeking medical treatment, Rhodus said. Occupancy in North Texas apartment communitiess dropped during the last quarterof 2008, accordinv to Dallas-based M/PF YieldStar.
Move-outs erased the rent growtg that had occurred earlier inthe year, said Greg the company’s vice president of Job losses are driving the he said. Dallas-Fort Worth’s apartment occupancy rate droppefto 91.4% as of falling 1.8 points during the last quarter of the year and down 2.7 pointws for 2008 in total. Demand for apartments duringh the October-December time frame droppedx by 5,870 compared with the same periodin 2007. Apartmenf rents slipped 0.3% in averaging $752 monthly at year-end. Developers finished constructionon 12,14i units in 2008. Net inventoryh grew by 9,124 units, since more than 3,000 apartments were torn down to createredevelopmen sites.
North Texas enters 2009 with another 21,1711 units under construction, Willett Despite the broader downward Rhodus believesAlexan Southwestern’s site will make it a “There’s a need for more housing in the medical districtf and this project will help meet that need,” he
Thursday, January 10, 2013
TiVo wins $103M round in EchoStar fight - Pacific Business News (Honolulu):
EchoStar lost an appeal in district court in The courtawarded Alviso-based TiVo (NASDAQ: $103, 068,836 plus interest, which covers the perio d from Sept. 8, 2006 to April 18, 2008. But EchoStaer (NASDAQ: SATS), of Englewood, Colo., will appeal the matter to the U.S Courtg of Appeals for the Federal Even ifTiVo triumphs, which observers think likely, the award won’t wipe away its largse accumulated deficit. In the fiscal years 2008 and before itwon damages, TiVo lost $31.6 milliojn and $49.1 million, respectively. TiVo has alreadgy been awarded $105 milliohn in this patent fightwith EchoStar. Though that earliet EchoStar payment contributed to a profitof $103.
6 million for TiVo in the quarter ended January, the company’s accumulated deficit (how much it has lost or writteh off since it started) at that time was $672.23 million. “We will need to generate significant additional revenuews to achievesustained profitability,” the company said in its most recent quarterly filing. TiVo’s president and CEO, Tom Rogers, 54, was paid a salarty of $800,000 in the latest fiscal His total compensation for the yearwas $5.9 including $54,824 for housing, housing related and living $42,796 in insurance related and $20,099 in familyu travel related expenses, according to TiVo’s proxu card.
Rogers also sits on the boarr at , a Texas telephone book publisher that filefd Chapter 11in He’s been a director therw since November 2006. Idearc, based at the Dallas-Fort Worth Airport, paid a cash retainer of $60,000p to directors in 2007, the latest year it’es reported in a proxy statement. Former TiVo board member Charled Fruit, a marketing executive who saton TiVo’s auditf committee, died May 27. TiVo had 463 workers as of Marchb 23, more than half of them in research anddevelopmengt jobs.
Tuesday, January 8, 2013
Financial News - Commercial Banking and Financial News
| | | | | | | | | | | Capitalk Bank | | | | | | | | | | | | | | | Chas e Bank | | | | City National Bank of Floridq Inc. | | | | Commerce Bank | | | | | Cooperativew Bank | | Crescent Stats Bank | | | | | | | | | | | | | | | | | Federalk Aviation Administration | Federal Deposir Insurance Corp. | Federal Deposit Insurance Corporation | Federalo Reserve | | | | | | First Bancor | First Bank | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Huntingtom Bancshares, Inc. | | | Inc. magazine | | | | | | | | JPMorgam Chase & Co. | | | Kauffman Foundation | | | | | | Legg Inc. | | | | | | | | | | | | | | | | | | Merrillk Lynch & Co., Inc.
| | | | | | | | | | | | | | | | Nationall Credit Union Administration | | National Venture Capital Association | | | | | | | | | | | | Officd of the Comptroller of theCurrency | | | | | | | | | | | | | | | | | | | | | | | | Pulaski Bank | | | | Regionzs Bank | | | | | | | Rollind College | | | | | | Shell Oil Compan y | | | | SNB Bank of Kansaxs | | | | | | | | | | | | | | | | | SunTrusf Banks, Inc. | | | | | | | | | | | The First National Bank of Anthony | | | | | | | | | | | | | | | | | | | | | | | | U.S. Bank | | | U.S.
Securitiez and Exchange Commission | | | | | | | | | | | | | | | | | | | | | | | | |
Monday, January 7, 2013
Software engineer funds nonprofit studies program at Gordon College - Boston Business Journal:
The entrepreneur, Joe Krivickas, has a careerf that has spanned a number ofsuccessfup start-up businesses, in addition to his MBA from the . But he couldr not ignore his other passion: ministry. Two years ago, he begann meeting with two professors at the College Casey Cooper, an assistant professor of economics and and Ted Wood, a professor of economicxs and business — who were part of the on-campus team that were helpinvg to get the center off the ground.
Krivicka s decided that the center is exactlu where he wanted to focus his time and Launchedin October, the Center has begu n offering new courses for a minor in Nonprofit Organization Management and Social Entrepreneurship that is designed to suppor t a student’s major, supplementing the student’s primary academiv pursuite with an understandingb of how nonprofits function in society. Whether they are studyinh youth ministry orsocial work, recreation or the business or economics, Gordonn students who pursue the new non-profit minor also will be equipped eitherd for careers or volunteer opportunities in the college said.
The minor requires students to take threwe courses that cover topics of interestfor non-profi leaders, including social entrepreneurship, grangt seeking, funding sources, public relations and managemenft principles. In addition to creating this new courseof study, the cente r also plans to host campus speakers and offer online noncredit certificatwe courses.
Sunday, January 6, 2013
Columbus Landmarks names new chief - Business First of Columbus:
The organization, formed in the wake of Union Station'ds 1977 demolition, has hit 30 year protecting city buildings of the past and promoting qualityfuturs construction. One of the foundation's major continuing projects isCity Hop, an annuakl tour of Columbus' burgeoning downtowbn residential market that just wrappecd its eighth year. Columbus Landmarks also has filled its vacant top naming Clintonville resident Kathy Mast Kane its newexecutived director. Former director Kate Mathenyt left the foundation in January to take a job as communituy partnerships and grant coordinator with the Franklin Countt Office of Managementand Budget.
Mathenh had been the executive director forsevenh years, making a $45,000 salary befors she resigned. Kane's salar was unavailable. Kane has been involvefd with local preservation efforts for more than 25 years throughuthe , the , the and several other The Columbus Landmarks Foundatiob counts more than 400 individuals and corporations in its The foundation reported funding more than $168,000 in grants and allocations for city preservation in its fiscal year ended June 30, 2006. That year it took in more than $190,00p in revenue.
Saturday, January 5, 2013
Xcedex sees growth in virtualization, shared computing - Houston Business Journal:
Cloudy as in cloud computing; Taylor is president and CEO of , a tech firm that is shiftinb its focus tosoftware “virtualization” and cloudc computing, which shifts certain data-management and application tasks to the Web. Xcedex recently sold off the consultinvg end of the company to shiftr all resources on its new focus and is movinf froma 2,000-square-foot office in Wayzatw to a 6,000-square-foot office in the 800 blocki of Washington Avenue. It’s also raisin g capital to expand from strictly virtualizatio n into cloud computing andother state-of-the-art technologies Xcedexc provides software that does virtualizationm planning, design and deployment.
“Virtualization” is basically the proceses of dividing server resources so it runs more For example, Xcedex recently implemented its software for a larg information services company and decreased the amount of physical servers they use from 4,000 down to 200. Xcede x past work also includes a deal with an online retail company to reduce its physical server size from 400 down to The business savings that virtualization offers (both in energy and physical space) is one of the reasonzs Taylor says the technology is here to stay. “Virtualizatio has a significant impact on thebottom line.
” Taylor “[Clients] understand the impact and they can’t deploy it fast enough.” Cloud computing buildxs on virtualization to move data onto the Web in such a way that it doesn’rt matter where the user is or what hardwarr they’re using to accessd it. A simple example is an application suchas Google’se Gmail, but it can get much more advanced. Programmersd could use cloud technology to borroew vast amounts of data for a then return it when the simulatiois over. “Today, we focus on virtualization planning,” Taylo said.
“Our next initiative is virtualdesktop (later in 2009) and the next will be cloude computing (sometime in Taylor and Xcedex are looking to gain an edge on the competitionj through their unique approach to Xcedex’s X_Factor planning software does not require a clieny installation and runs on a computer througjh the firm’s Web site. Tayloe said he hasn’t seen any othert infrastructure analysis firms deploying products inthat way. “We have completely taken our software to the next level with the SaaS Taylor said. “No matter where you are in the world, if you have an Interne connection, you can use our software.
” The company is expectint revenuebetween $5 million and $6 million for this up from around $3.7 million last year. That growth will lead Xcedesx from the suburbs todowntown Minneapolis. “We’re sharing deske with each other,” Taylor said. “It’s time to get to a largert location and get that look and feel of asoftwarew company.”
Thursday, January 3, 2013
Area firms poised to profit from electronic medical records push - bizjournals:
The American Recovery and Reinvestment Act creates rebates to pay for new medical records technology in a move from paper todigital “It’s certainly ambitious,” says Brad CEO of the Rehab Documentation Co. Inc. in which provides medical and financial recordz software and systems torehabilitatiob facilities. Providers who adopt such technology are eligible for payments ofbetween $44,0090 and $63,000 over five For larger medical facilities, the reimbursements are Reimbursements start dropping, though, if providers don’ t show “meaningful” use of digitall medical records by 2014.
And providers that don’t go digital will starty getting smaller reimbursements for Medicare andMedicaird patients, which make up most of the billings for many healtuh care facilities. Electronic medical records have taken more than 20 yearsz to reach 20 percent penetration in the and now the federal government is pushing to have more than 75 percenft penetration in the nextsevehn years, Dumke says.
The impact on Middle Tennessee-based hospitak companies forced to evaluatr their operations nationwide willbe massive, says Tom president of the Nashville information technology company The potential is greart for positive impacts on companies, Stephenson says, well beyond receiving stimulus funds. But he also predicts challenges “The pieces of electronic health records that most hospitals are lackingg involvechanging people’s jobs, nurses, physicians.
” For companies that approach electroni medical records by building programs that fully exploit the the potential savings in time, money and medical mishaps is huge, Stephenson “In contrast, if you say we’rr going to use tech to do the same things we alwaysx did, only faster, then you’re stil l going to have inefficiencies,” he says. Exactly which digitap records systems are eligiblefor reimbursement, and when the moneg will come, is set to be determinefd before year’s end. David Klements, CEO of Nashville-based medicalk technology firm Qualifacts, anticipates significanrt growth for his firm and othef companies when themoney lands.
His company has been showing more than four times as many producf demos this year comparedto last, and sellingf five to 10 times as many systems, he “It’s creating this big wave of activity for the softwarer vendors that can get customers implemented quickly and efficiently,” Klements says. He predictsw Nashville could become a center for health care recordswtechnology — especially if some of the large health care companies here choose local companieds to provide records systemse for their facilities nationally.
“It’s really a sort of a healthy care tech bellwetherfor Nashville,” he
Wednesday, January 2, 2013
Gonski reforms needed urgently - The Australian (blog)
Gonski reforms needed urgently The Australian (blog) IT is clear that the Gillard government must implement in full the recommendations of the Gonski review ("Coalition seizes initiative amid Gonski delays", 2/1). The desire of opposition education spokesman Christopher Pyne to prolong the current ... |
Tuesday, January 1, 2013
Obama: U.S. will take
The federal government plans to invest anadditionaol $30.1 billion in the Detroit-based companyy (NYSE: GM), which filed for . This meanas the government will own 60 percent of the company once it emergesfrom bankruptcy, Obama said. “Thix may give some Americans pause,” he said, but it was a bettert alternative than making more loans to a companh that hasbeen “buried under a mountain of for years. The president said he has “n o interest” in running GM.
“The federal governmentt will refrain from exercising its rights as a shareholder in all but the most fundamentaolcorporate decisions,” Obama “When a difficult decision has to be made on matters like where to open a new plant or what type of new car to the new GM, not the Unitede States government, will make that “In short, our goal is to get GM back on its take a hands-off approach and get out The hopes that will be the case, but it planx to “carefully monitor” the decisions made by GM and which is emerging from its government-guided bankruptcy reorganization.
“W will expose and fight any counterproductive influence by unions or politicians over decisions that shouldf be leftto management,” chamber CEO Tom Donohue “And we will continually insisgt that government reduce and eliminate its ownershi p stake as soon as possible.” Too much government interferencre will hurt the automaker’s chancesa of returning to profitability, Donohue said. “The global talenr that exists in the automotive sectotr must be allowed to do its job and be paid on acompetitivse basis,” he said. “Management must be permittex to make tough decisions in a competitives global market withoutpolitical interference.
” House Minority Leader John Boehner, R-Ohio, said GM’s bankruptcy filing “mag buy some time” but doesn’t ensure that the companhy will succeed. “The only thing it makes clear is that the governmenr is firmly in the business of running companies usinftaxpayer dollars,” Boehner said. “Doe s anyone really believe that politicians and bureaucrats in Washingtom can successfully steer a multinationakl corporation toeconomic vitality? It’s time for the administrationb to fully explain what the exit strategg is to get the U.S.
governmeng out of the boardroom once andfor