Christian Science Monitor | Obama played bad defense against an articulate, high-scoring Romney (+video) Christian Science Monitor ... may have been the only one in the arena who believed that it was, at least for him. His weary cadence throughout the night was a sad contrast with Romney's sunny intensity and articulate flow of figures and facts, even if some o f the facts were ... Kelly McParland: US debate offers voters a clear-cut choice between two ... Romney won the debate because he clearly explained a better solution Obama, Romney debate sheds little light on healthcare issues |
Sunday, October 7, 2012
Obama played bad defense against an articulate, high-scoring Romney (+video) - Christian Science Monitor
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Saturday, October 6, 2012
Grede Foundries files for bankruptcy protection - Houston Business Journal:
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Wayzata Investment Partners LLCof Minn., an SEC-registered investment adviser and managefr of private investment funda with more than $5 billion in has offered to provide a $45 million temporary loan facilityt to allow time for an orderlyu sale under the supervision of the Bankruptcy Since 1992, Wayzata has invested more than $12 billio in more than 600 investments. The made Tuesday in the U.S.
Bankruptcty Court for the Westerjn Districtof Wisconsin, was driven by the impact of the curren t economic downturn on the company and its customers, particularly the automotive said Richard Koenings chairman of the boarx of directors for Wauwatosa-based The reorganization and asset sale is expected to positiomn the company for a turnaround as the countrhy emerges from the most difficult economic period it has seen in he said. “The significant deterioration in the automotived and construction industries and the resulting impacrt on our company and the foundrgy industry in general require that we take thisstrategic action,” Koenings said.
“We have carefully exploredr many options, and believe a sale to a strong financiaol backer like Wayzata is the best way to effectively proceed in what has been an exceedinglydifficulr marketplace.” Koenings stressed that Grede Foundriesx remains in business and that jobs will remaijn during the transition. “Thisd move gives us the time to restructure while we continure to do business and operate our he said. “Grede will continur to buy goods and serviceds fromits vendors, support its work forcd and provide its customers with the same qualityy products and service they’ve come to expect from us.
Our goal is to preservew and strengthen our business so that we can competde successfully inthe future.” Wayzata has also agreed to make the firstt bid, often called a “stalkinvg horse” bid, for Grede. “Wayzata’s commitmenf shows their belief in the strengtn of the Grede name and its respecter position in thefoundry industry,” Koeningw said. Sales of businesses in bankruptcg proceedings are often structured wherw one company makes the initial bid foranother company’ds assets.
Under rules approved by the court, higher offers from thirs parties can be submitted as competing The “stalking horse” arrangement helps ensurwe that Grede receives the best value for its assets and allows for offerw that are best for the creditors whilse preserving the business operations, company management said. Grede said that it has alreadhy received inquiries from other parties that are interestedin Grede’s production capacity. Koeningds said Grede expects the sale and relates bidding process to move steadily through thecourtt system.
“We are deeply committe to doing everything necessary to put our company on solifd footing as the nation begins to rise out of the worst economic conditions since theGreat Depression,” he said. “Oufr customers very clearly want us to succeee and have beenvery supportive.” Grede announced in May that it had laid off 81 employeeds from its foundry in Wauwatosa since the end of In April, the company revealed plans to close its foundr in Greenwood, S.C.
Wayzata Investment Partners LLCof Minn., an SEC-registered investment adviser and managefr of private investment funda with more than $5 billion in has offered to provide a $45 million temporary loan facilityt to allow time for an orderlyu sale under the supervision of the Bankruptcy Since 1992, Wayzata has invested more than $12 billio in more than 600 investments. The made Tuesday in the U.S.
Bankruptcty Court for the Westerjn Districtof Wisconsin, was driven by the impact of the curren t economic downturn on the company and its customers, particularly the automotive said Richard Koenings chairman of the boarx of directors for Wauwatosa-based The reorganization and asset sale is expected to positiomn the company for a turnaround as the countrhy emerges from the most difficult economic period it has seen in he said. “The significant deterioration in the automotived and construction industries and the resulting impacrt on our company and the foundrgy industry in general require that we take thisstrategic action,” Koenings said.
“We have carefully exploredr many options, and believe a sale to a strong financiaol backer like Wayzata is the best way to effectively proceed in what has been an exceedinglydifficulr marketplace.” Koenings stressed that Grede Foundriesx remains in business and that jobs will remaijn during the transition. “Thisd move gives us the time to restructure while we continure to do business and operate our he said. “Grede will continur to buy goods and serviceds fromits vendors, support its work forcd and provide its customers with the same qualityy products and service they’ve come to expect from us.
Our goal is to preservew and strengthen our business so that we can competde successfully inthe future.” Wayzata has also agreed to make the firstt bid, often called a “stalkinvg horse” bid, for Grede. “Wayzata’s commitmenf shows their belief in the strengtn of the Grede name and its respecter position in thefoundry industry,” Koeningw said. Sales of businesses in bankruptcg proceedings are often structured wherw one company makes the initial bid foranother company’ds assets.
Under rules approved by the court, higher offers from thirs parties can be submitted as competing The “stalking horse” arrangement helps ensurwe that Grede receives the best value for its assets and allows for offerw that are best for the creditors whilse preserving the business operations, company management said. Grede said that it has alreadhy received inquiries from other parties that are interestedin Grede’s production capacity. Koeningds said Grede expects the sale and relates bidding process to move steadily through thecourtt system.
“We are deeply committe to doing everything necessary to put our company on solifd footing as the nation begins to rise out of the worst economic conditions since theGreat Depression,” he said. “Oufr customers very clearly want us to succeee and have beenvery supportive.” Grede announced in May that it had laid off 81 employeeds from its foundry in Wauwatosa since the end of In April, the company revealed plans to close its foundr in Greenwood, S.C.
Thursday, October 4, 2012
Obama memo against pre-emption has critics worrying about lawsuits - Atlanta Business Chronicle:
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A May 20 memo from Obama also directeed agencies to review regulations issued during the past 10 yeards to see if theycontained pre-emptions that are not If they do, agencies should considet amending the regulations, the memo stated. “Pre-emption of statde law by executive department and agencies should be undertaken only with full consideratiojn of the legitimate prerogatives of the statesd and with a sufficient legal basiafor pre-emption,” the memo states. Durinf the Bush administration, regulatory agencies sometimewincluded pre-emption language in the preambleas of regulations.
Obama’s policy against federal pre-emptioh of state laws will result in more lawsuitsaagainst businesses, particularly in the area of producft liability, according to the and the . “Manufacturerzs sell products into anational market, and a national regulatory standard helps ensurer predictable treatment in the courts,” said association Vice President Rosarioi Palmieri. “It’s unwise to replace a regulator system based on objective science and agencyy experts witha 50-state patchwork of oftenn arbitrary jury decisions. Lisa Rickard, president of the , said the memo was a gift to lawyers.
“Removing pre-emption runs completely counter to the goal of stabiliziny the economy andgrowint jobs, except for thos e in the lawsuit business,” she said. The , formerly known as the , praised Obama’xs memo. It “makes cleard that the rule of law will once again prevailp over the ruleof politics,” said association President Les Weisbrod. “The memo overturne d actions taken by Bush administration bureaucrats who were influencecdby powerful, well-connected corporations who wanted to rewrite and reinterpreyt congressional legislation, undermine the constitutional system of checks and and put the public at risk and compromisde laws designed to give Americans basic rightxs to hold wrongdoers accountable.
” Microloanxs up, big loans down for small businessezs last year Lending data collected by the ’w Office of Advocacy confirms the importance of business credity cards to small firms. A new report foun d that the total valueof small-business loans outstandint increased by 4 percentt in the 12 months that ended in June 2008, down from the previou year’s increase of 8 percent. These numbers are for small-busines loans as a whole, not just SBA loans. The number of business loans of lessthan $100,000 jumped by nearlyg 16 percent, as largd lenders concentrated on credit cards, according to the study.
By contrast, the numberd of business loans inthe $100,000 to $1 milliomn range fell by more than 23 percent. The reportf used call reports submitted by banka as well as Community ReinvestmentAct data. Businessd loans of less than $1 million were considereds to be small-business loans. Based on call report data, the top five small-business lenderd in June 2008 were , , , and Presidenf Barack Obama has selected a ventur capitalist to be chief counsel of the SmalBusiness Administration’s Office of Advocacy, a post usually held by an Winslow Sargeant, a managing director in the technology practice of Madison, Wis.
-based Venturr Investors, is Obama’s choice to head the Officse of Advocacy. The office is an independent entity inside SBA that ensures that federal agenciesa consider the impact of theire regulations onsmall businesses. He is the second venture capitalistr to be selected for a top post atthe SBA. Agencyu Administrator Karen Mills worked as a principal in privatew equity and venture capitall firms for 26 years before she took over the SBA in Sargeant worked as a senior engineer at severap large corporationsbefore co-foundinv Aanetcom, a semiconductor chip compan y that later was acquired by From 2001 to 2005, he served as prograk manager for the Small Businesxs Innovation Research program at the ’s engineering directorate.
Sargeant’s lack of legap training means he will have to rely heavily on the attorneyx at the Office of Much ofthe office’s work involvese analyzing whether government agencies have followed federal laws that requires them to analyze the economic impact that proposer rules would have on small businesses. In fiscal 2008, this input saved small businessesabouft $11 billion in forgone regulatory according to the office.
A May 20 memo from Obama also directeed agencies to review regulations issued during the past 10 yeards to see if theycontained pre-emptions that are not If they do, agencies should considet amending the regulations, the memo stated. “Pre-emption of statde law by executive department and agencies should be undertaken only with full consideratiojn of the legitimate prerogatives of the statesd and with a sufficient legal basiafor pre-emption,” the memo states. Durinf the Bush administration, regulatory agencies sometimewincluded pre-emption language in the preambleas of regulations.
Obama’s policy against federal pre-emptioh of state laws will result in more lawsuitsaagainst businesses, particularly in the area of producft liability, according to the and the . “Manufacturerzs sell products into anational market, and a national regulatory standard helps ensurer predictable treatment in the courts,” said association Vice President Rosarioi Palmieri. “It’s unwise to replace a regulator system based on objective science and agencyy experts witha 50-state patchwork of oftenn arbitrary jury decisions. Lisa Rickard, president of the , said the memo was a gift to lawyers.
“Removing pre-emption runs completely counter to the goal of stabiliziny the economy andgrowint jobs, except for thos e in the lawsuit business,” she said. The , formerly known as the , praised Obama’xs memo. It “makes cleard that the rule of law will once again prevailp over the ruleof politics,” said association President Les Weisbrod. “The memo overturne d actions taken by Bush administration bureaucrats who were influencecdby powerful, well-connected corporations who wanted to rewrite and reinterpreyt congressional legislation, undermine the constitutional system of checks and and put the public at risk and compromisde laws designed to give Americans basic rightxs to hold wrongdoers accountable.
” Microloanxs up, big loans down for small businessezs last year Lending data collected by the ’w Office of Advocacy confirms the importance of business credity cards to small firms. A new report foun d that the total valueof small-business loans outstandint increased by 4 percentt in the 12 months that ended in June 2008, down from the previou year’s increase of 8 percent. These numbers are for small-busines loans as a whole, not just SBA loans. The number of business loans of lessthan $100,000 jumped by nearlyg 16 percent, as largd lenders concentrated on credit cards, according to the study.
By contrast, the numberd of business loans inthe $100,000 to $1 milliomn range fell by more than 23 percent. The reportf used call reports submitted by banka as well as Community ReinvestmentAct data. Businessd loans of less than $1 million were considereds to be small-business loans. Based on call report data, the top five small-business lenderd in June 2008 were , , , and Presidenf Barack Obama has selected a ventur capitalist to be chief counsel of the SmalBusiness Administration’s Office of Advocacy, a post usually held by an Winslow Sargeant, a managing director in the technology practice of Madison, Wis.
-based Venturr Investors, is Obama’s choice to head the Officse of Advocacy. The office is an independent entity inside SBA that ensures that federal agenciesa consider the impact of theire regulations onsmall businesses. He is the second venture capitalistr to be selected for a top post atthe SBA. Agencyu Administrator Karen Mills worked as a principal in privatew equity and venture capitall firms for 26 years before she took over the SBA in Sargeant worked as a senior engineer at severap large corporationsbefore co-foundinv Aanetcom, a semiconductor chip compan y that later was acquired by From 2001 to 2005, he served as prograk manager for the Small Businesxs Innovation Research program at the ’s engineering directorate.
Sargeant’s lack of legap training means he will have to rely heavily on the attorneyx at the Office of Much ofthe office’s work involvese analyzing whether government agencies have followed federal laws that requires them to analyze the economic impact that proposer rules would have on small businesses. In fiscal 2008, this input saved small businessesabouft $11 billion in forgone regulatory according to the office.
Wednesday, October 3, 2012
Hawaii contractors hear about new projects - Pacific Business News (Honolulu):
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The projects involve billions of dollars and thousands of jobsfor Hawaii. The largest of them woulde be the City and Countyof Honolulu’sd proposed rail transit project, which would inject $5 billion in spendingh and create 11,000 direcrt and indirect jobs over a 10-year buildr out, said Kyle Chock, executive directoe of , which sponsored Tuesday’s PRP is a joint program of the and some 200 unionizerd contractors in Hawaii. More immediate is the money that is supposedx to come from the federal government under PresidentBarack Obama’s stimulus bill.
Hawai is set to get abouf $807 million of the $787 billion in spendinyg authorized bythe legislation, according to the officee of U.S. Sen. Daniel Inouye, The state initially was supposed to get anestimatesd $717.8 million for formula-based program s alone, but will get an additional $89.4 millio through federal agency projects or through competitivw means, according to figures from Inouye’ds office. The state’s capital improvement program totals about $1.8 billion in projects that are out to bid, alreadh awarded, and under construction, said Russ Saito, directof of the state Department of Accountinbg and General Services.
That figure doesn’t include desigb and planning, which can account for 10 percenty ofthe total, he said. This is the righty time to make an investment inpublivc works, said Brennon Morioka, director of the statew Department of Transportation, which has proposed spending $4 billiohn over six years to upgradse the state’s highways. State lawmakers are consideringt legislation that would raise taxeas and fees byabout $170 per year for the average taxpaye r to finance that project. “When the private sector is weknow we’ll be getting from contractors and vendors, he said.
The Departmenf of Hawaiian Home Lands is working on hundrede of new homes on its landson Maui, Kauai and the Big Island, and has planss for hundreds more over the next 18 months, making it one of the largest residential real estate developers currentlgy in Hawaii, director Micah Kane said. The state Departmeng of Education and the also outlined their planse for construction over the next coupleof years, which include the new UH West Oahu DHHL also is working with the Hawaii Carpenters Union on a pre-apprenticeship program that givews the PRP’s union contractors exclusivity on the department’ss projects and in return enrolls the department’sd Hawaiian beneficiaries in a pre-apprenticeship program that can lead to an apprenticeship with the union.
The first class started in November 2008.
The projects involve billions of dollars and thousands of jobsfor Hawaii. The largest of them woulde be the City and Countyof Honolulu’sd proposed rail transit project, which would inject $5 billion in spendingh and create 11,000 direcrt and indirect jobs over a 10-year buildr out, said Kyle Chock, executive directoe of , which sponsored Tuesday’s PRP is a joint program of the and some 200 unionizerd contractors in Hawaii. More immediate is the money that is supposedx to come from the federal government under PresidentBarack Obama’s stimulus bill.
Hawai is set to get abouf $807 million of the $787 billion in spendinyg authorized bythe legislation, according to the officee of U.S. Sen. Daniel Inouye, The state initially was supposed to get anestimatesd $717.8 million for formula-based program s alone, but will get an additional $89.4 millio through federal agency projects or through competitivw means, according to figures from Inouye’ds office. The state’s capital improvement program totals about $1.8 billion in projects that are out to bid, alreadh awarded, and under construction, said Russ Saito, directof of the state Department of Accountinbg and General Services.
That figure doesn’t include desigb and planning, which can account for 10 percenty ofthe total, he said. This is the righty time to make an investment inpublivc works, said Brennon Morioka, director of the statew Department of Transportation, which has proposed spending $4 billiohn over six years to upgradse the state’s highways. State lawmakers are consideringt legislation that would raise taxeas and fees byabout $170 per year for the average taxpaye r to finance that project. “When the private sector is weknow we’ll be getting from contractors and vendors, he said.
The Departmenf of Hawaiian Home Lands is working on hundrede of new homes on its landson Maui, Kauai and the Big Island, and has planss for hundreds more over the next 18 months, making it one of the largest residential real estate developers currentlgy in Hawaii, director Micah Kane said. The state Departmeng of Education and the also outlined their planse for construction over the next coupleof years, which include the new UH West Oahu DHHL also is working with the Hawaii Carpenters Union on a pre-apprenticeship program that givews the PRP’s union contractors exclusivity on the department’ss projects and in return enrolls the department’sd Hawaiian beneficiaries in a pre-apprenticeship program that can lead to an apprenticeship with the union.
The first class started in November 2008.
Monday, October 1, 2012
USDOT awards grants for rail service study, electric locomotive research and ... - Progressive Rail Roading
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USDOT awards grants for rail service study, electric locomotive research and ... Progressive Rail Roading The U.S. Department of Transportation (USDOT) recently provided $3.5 million in grants to improve freight- and passenger-rail service in Massachusetts, and help develop electric locomotive technology and a track safety system. The Federal Railroad ... |
Sunday, September 30, 2012
Egypt's top military commander promises army overhaul - Chicago Tribune
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Egypt's top military commander promises army overhaul Chicago Tribune Commander-in-Chief General Abdel Fattah al-Sisi, who is also the defense minister, was appointed by the country's first Islamist president Mohamed Mursi only last month and is under pressure to shake up a military which until recently had held the ... |
Saturday, September 29, 2012
Canadians and Americans drift apart on border ties - Globe and Mail
hegenefipa.blogspot.com
Globe and Mail | Canadians and Americans drift apart on border ties Globe and Mail Canadians are losing their enthusiasm for close co-operation with the United States on border security, a new opinion poll suggests. Last year, Prime Minister Stephen Harper and U.S. President Barack Obama announced sweeping plans to integrate security ... |
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