Kansas City Star | College notes: Lattimore can eventu » |
Monday, October 29, 2012
Sunday, October 28, 2012
Frankenstorm Romney And Cycling Through Florida - The Province (blog)
yqyqynesara.blogspot.com
The Province (blog) | Frankenstorm Romney And Cycling Through Florida The Province (blog) Frankenstorm , Mitt Romney,Hurricane Sandy and little old me cycling into Florida after crossing the USA by bicycle for cancer research. All of a sudden all the action is here in Florida and on the east coast after crossing desolate areas like west ... |
Saturday, October 27, 2012
University of Phoenix debuts doctoral programs in nursing, education - Phoenix Business Journal:
shelly-polymer.blogspot.com
Enrollment for both programsx isunder way. The Ed.S. progran will begin later this month, and the Ph.D. nursing prograj is scheduled to start in Both programs will be offered throughthe university’s School of Advanced Studies. Jeremy Moreland, dean of the Schoopl of Advanced Studies, said the primary goal of the nursinb program is to provide a strongresearch background, advancede education and enhanced training to help individualss move forward into a leadership, administrative or nursingy faculty position. The Ed.S. program is designef for individuals who work primarilyin K-12 education, but would like to advance their academix careers and increase their earning levels.
The program will prepare learner to become transformational leaders who will strategically manages and lead complexeducational organizations. For more: .
Enrollment for both programsx isunder way. The Ed.S. progran will begin later this month, and the Ph.D. nursing prograj is scheduled to start in Both programs will be offered throughthe university’s School of Advanced Studies. Jeremy Moreland, dean of the Schoopl of Advanced Studies, said the primary goal of the nursinb program is to provide a strongresearch background, advancede education and enhanced training to help individualss move forward into a leadership, administrative or nursingy faculty position. The Ed.S. program is designef for individuals who work primarilyin K-12 education, but would like to advance their academix careers and increase their earning levels.
The program will prepare learner to become transformational leaders who will strategically manages and lead complexeducational organizations. For more: .
Thursday, October 25, 2012
CPUC votes to initiate formal investigation into long-term outages at San ... - Village News Network
bengeyqafiba1640.blogspot.com
KTLA | CPUC votes to initiate formal investigation into long-term outages at San ... Village News Network IRVINE (Wire Service) - The California Public Utilities Commission voted today, Thurs., Oct. 25, to initiate a formal investigation into the long-term outages at the San Onofre Nuclear Generating Station in northern San Diego County, a move that ... State panel to investigate troubled San Onofre nuke plant California Regulators To Examine Customer Payments For Disabled San Onofre |
Wednesday, October 24, 2012
Alternate cheaper AC car pool to avoid fare hikes - Times of India
cahijisebi.wordpress.com
Alternate cheaper AC car pool to avoid fare hikes Times of India MUMBAI: If you are fuming over the fare hikes for autorickshaws and taxis in Mumbai metropolitan region, you have an option to travel in an AC private vehicle for as low as Rs 8 per km. The car pool service is being offered by sharedcab, which operates ... |
Tuesday, October 23, 2012
GM to eliminate 90 Pennsylvania dealerships - Pittsburgh Business Times:
fusajacuxejilyp.blogspot.com
That's according to the company's "wind list that GM provided tothe U.S. Hous e Energy and Commerce Committee's subcommittee on oversighy and investigations made public as part of a hearingglast Friday. While GM hasn't made public the specific dealers whose franchise rights it is the company revealed that it has targeted 90 of its car dealers in Pennsylvania to be close d in the next 12 to17 months.
That's 11 more than the next hardest-hig state, Ohio (79), followed by Illinois (66), California (65), New York (60) and Michigan GM plans to reduce its dealership ranks from morethan 6,000 to an "ideal dealer blue print" of 3,380 Long the biggest auto manufacturer in the United States, GM fileed for Chapter 11 bankruptcy protection from creditors in Uniteed States Bankruptcy Court a little more than two weeka ago. GM is basing its closures on the dealerd performance scores that take intoaccount sales, customer satisfaction, capitalization and profitability.
Whiled GM's local dealerships to closw have not been made the company's plans to reduce its dealef count in Pennsylvania follows Chrysler's May announcement that it would eliminat e 789 dealerships nationwide, which include 53 statewide and 12 in westermn Pennsylvania. After filing for chapter 11 in May, the bulk of Chrysler'd assets recently exited bankruptcy court as part of a new company now owned by Italianautomaker Fiat.
That's according to the company's "wind list that GM provided tothe U.S. Hous e Energy and Commerce Committee's subcommittee on oversighy and investigations made public as part of a hearingglast Friday. While GM hasn't made public the specific dealers whose franchise rights it is the company revealed that it has targeted 90 of its car dealers in Pennsylvania to be close d in the next 12 to17 months.
That's 11 more than the next hardest-hig state, Ohio (79), followed by Illinois (66), California (65), New York (60) and Michigan GM plans to reduce its dealership ranks from morethan 6,000 to an "ideal dealer blue print" of 3,380 Long the biggest auto manufacturer in the United States, GM fileed for Chapter 11 bankruptcy protection from creditors in Uniteed States Bankruptcy Court a little more than two weeka ago. GM is basing its closures on the dealerd performance scores that take intoaccount sales, customer satisfaction, capitalization and profitability.
Whiled GM's local dealerships to closw have not been made the company's plans to reduce its dealef count in Pennsylvania follows Chrysler's May announcement that it would eliminat e 789 dealerships nationwide, which include 53 statewide and 12 in westermn Pennsylvania. After filing for chapter 11 in May, the bulk of Chrysler'd assets recently exited bankruptcy court as part of a new company now owned by Italianautomaker Fiat.
Sunday, October 21, 2012
Targeting solar geoengineering to minimize risk and inequality - Science Codex
vittitowmehigyk1238.blogspot.com
Science Codex | Targeting solar geoengineering to minimize risk and inequality Science Codex Cambridge, Mass., and Washington, D.C. - October 21, 2012 - By tailoring geoengineering efforts by region and by need, a new model promises to maximize the effectiveness of solar radiation management while mitigating its potential side effects and risks. Improving effectiveness of solar geoengineering |
Saturday, October 20, 2012
Bambi Lee Savage Premieres Song From New Mick Harvey Produced Album - Plug In music
ishinlyuboqemija.blogspot.com
Plug In music | Bambi Lee Savage Premieres Song From New Mick Harvey Produced Album Plug In music Bambi Lee Savage premieres a new song from her forthcoming third solo album, Darkness Overshadowed today. The track, "Nearly Gone" is available for streaming and free download. The album is produced by Mick Harvey (Nick Cave & the Bad Seeds, ... |
Thursday, October 18, 2012
Mathile 'disappointed' by Iams relocation - Dayton Business Journal:
esivyjifag.wordpress.com
P&G (NYSE: PG) announced Thursday it will relocatdethe 240-person Iams headquarters to the P&G Health Care Research Cented in Mason. “I was disappointed to learn that Dayton will no longe be home to the compangy that was founded by anima nutritionist Paul Iams more than 60yearse ago,” Mathile said in a statement. I am pleased to hear that none of the employees at the Poe Ave facilitt will losetheir jobs.” While some Vandalia employees will others will be given the opportunitu to work at the Mason center, Mathilre said.
According to a book Mathile published in heselected P&G after two years of interviewing potentiao buyers because it was an Ohio-based company and “thew key players understood the its values and needs.” Afterr the companies struck a he said it was a win for “the Dayton community because the pet food division’s worldwide headquarters stays here (in the Daytonb region),” according to Mathile’s book. On Thursday, Mathile elaborated and said despite the relocation, he stil considers it a win.
“P&G agreed to keep Iams headquarteras here in Dayton for at leasgtfour years, and stayed for 10,” Mathile “The leadership of P&G Pet Care more than abided by its commitmeny to my family, our employeed and to the Daytob region.”
P&G (NYSE: PG) announced Thursday it will relocatdethe 240-person Iams headquarters to the P&G Health Care Research Cented in Mason. “I was disappointed to learn that Dayton will no longe be home to the compangy that was founded by anima nutritionist Paul Iams more than 60yearse ago,” Mathile said in a statement. I am pleased to hear that none of the employees at the Poe Ave facilitt will losetheir jobs.” While some Vandalia employees will others will be given the opportunitu to work at the Mason center, Mathilre said.
According to a book Mathile published in heselected P&G after two years of interviewing potentiao buyers because it was an Ohio-based company and “thew key players understood the its values and needs.” Afterr the companies struck a he said it was a win for “the Dayton community because the pet food division’s worldwide headquarters stays here (in the Daytonb region),” according to Mathile’s book. On Thursday, Mathile elaborated and said despite the relocation, he stil considers it a win.
“P&G agreed to keep Iams headquarteras here in Dayton for at leasgtfour years, and stayed for 10,” Mathile “The leadership of P&G Pet Care more than abided by its commitmeny to my family, our employeed and to the Daytob region.”
Wednesday, October 17, 2012
Big Kindle sells out quickly - South Florida Business Journal:
cahijisebi.wordpress.com
New Kindle DXs will be availableJune 17, the companyu said on its site. That coulsd mean a rush for customers buying themfor Father’d Day over the following weekend. Amazoj designed the large-screen DX with magazines, newspapers and textbooksz in mind. At nearly $500 a pop, it’sw quite an investment. But thougnh the screen’s still just black-and-white, and showe newspaper photographs in some see it as a boost for a flounderingnewspaped industry.
Customers can have their favoritenewspaperss “delivered” every morning to the sometimes for less money than a traditionakl subscription thumped onto their The Kindle version of a newspaper has no ads, whichb appeals to readers. Amazon splitz revenue from the subscription with the mediaq company that producesthe newspaper. Amazon (NASDAQ: has promoted the new Kindle hoping to lock customers into its system beforse rival devices and programscome along. Already, savvy major newspaperz have setup “apps” for ’s (NASDAQ: AAPL) making their sites easy to navigatse and read.
Both the New York Times and Wall Streegt Journal format their sites on the iPhoneewith easy-to-read headlines and thumbnail photosa in a list. Both sites are free and supportedby ads. giant (NASDAQ: GOOG), whicyh has its fingers in a lotof pies, is rumored to be workiny on some kind of e-reader itself. And Plasticc Logic, based in the United is developing a flexible plastic scree forsimilar purposes.
New Kindle DXs will be availableJune 17, the companyu said on its site. That coulsd mean a rush for customers buying themfor Father’d Day over the following weekend. Amazoj designed the large-screen DX with magazines, newspapers and textbooksz in mind. At nearly $500 a pop, it’sw quite an investment. But thougnh the screen’s still just black-and-white, and showe newspaper photographs in some see it as a boost for a flounderingnewspaped industry.
Customers can have their favoritenewspaperss “delivered” every morning to the sometimes for less money than a traditionakl subscription thumped onto their The Kindle version of a newspaper has no ads, whichb appeals to readers. Amazon splitz revenue from the subscription with the mediaq company that producesthe newspaper. Amazon (NASDAQ: has promoted the new Kindle hoping to lock customers into its system beforse rival devices and programscome along. Already, savvy major newspaperz have setup “apps” for ’s (NASDAQ: AAPL) making their sites easy to navigatse and read.
Both the New York Times and Wall Streegt Journal format their sites on the iPhoneewith easy-to-read headlines and thumbnail photosa in a list. Both sites are free and supportedby ads. giant (NASDAQ: GOOG), whicyh has its fingers in a lotof pies, is rumored to be workiny on some kind of e-reader itself. And Plasticc Logic, based in the United is developing a flexible plastic scree forsimilar purposes.
Tuesday, October 16, 2012
REIT purchases retail site near RiverWalk - Houston Business Journal:
bertayfybuqutyp.blogspot.com
Tenants of the 47,000-square-foot South Bank include the HardRock Starbucks, County Line BBQ and Average sales for South Bank's tenants are reportesd to be $550 per square foot, according to AmREIT (AMEX: AmREIT also says it's developing the southwesr corner of Blanco Road and Loop 410 in San The project will consist of a Citibanl building that will be ground-leased to the bank under a long-term Two of the company's affiliated retail partnershipzs already are developing projects in San One is on 4.3 acres at Banderza Road and Loop 410. The covering 3.7 acres at Blanco and Huebner roads, comprises four retail buildings.
Kerr Taylor, AmREIT's CEO, says: "Sanm Antonio is proving to be one of the strongesg growth markets inthe country, and South Bank is a crow jewel of a retailp project."
Tenants of the 47,000-square-foot South Bank include the HardRock Starbucks, County Line BBQ and Average sales for South Bank's tenants are reportesd to be $550 per square foot, according to AmREIT (AMEX: AmREIT also says it's developing the southwesr corner of Blanco Road and Loop 410 in San The project will consist of a Citibanl building that will be ground-leased to the bank under a long-term Two of the company's affiliated retail partnershipzs already are developing projects in San One is on 4.3 acres at Banderza Road and Loop 410. The covering 3.7 acres at Blanco and Huebner roads, comprises four retail buildings.
Kerr Taylor, AmREIT's CEO, says: "Sanm Antonio is proving to be one of the strongesg growth markets inthe country, and South Bank is a crow jewel of a retailp project."
Sunday, October 14, 2012
Rx for reform
tenamup.wordpress.com
It’s easy, then, to see why HCA leaderss and their health care brethren in Nashvillde are intently monitoring how the Obama administratio n plans to approach the issue of the uninsured anduncompensated care. “The growing numberr of uninsured is putting pressure on us andeveryone else,” says Victor senior vice president at HCA. The for-profit hospitalk sector is expected to have atouggh 2009, with bad debt expenses likely to increaser as the recession and rising unemploymenty make it harder for patients to pay for medical The new president has called healtgh care reform his top priority, and findinh a way to extend healt benefits to all Americans is chief among his administration’s goals.
President Obama’ plan would provide coveragwe for two-thirds of the uninsured, costinh $75 billion if it were enacted in accordingto PricewaterhouseCoopers. For Nashville’s hospitales and their investors, the implications could be Much of the outcome hingesw on how reform is actuallycarried out, says Crai Becker, president of the Tennessee Hospital Association, a trade grou that represents the interests of hospitald statewide. “The problem is always in how you desighthis thing,” Becker says.
If universal or near universal — coverage is it could benefit not only the patientr buthospital operators’ bottom Expanded coverage could result in significant declines in hospitakl bad debt expenses and increased hospital utilization, according to Fitc h Ratings, a Chicago-based credit rating firm. For investors, that could make hospitals with highere uncompensated care expenses suddenlyvery attractive. “The Obama administration is going to put an unprecedentexd amount of money intohealth care,” says Keitjh Dennen, a health care attorney at Nashville-based Bone McAllester Norton PLLC.
“For investors, the questiom is how to maximize your return off that Dennen says investors are cautiously optimisticc about the impact of health care reform on the futureof for-profit hospitals. While they see potentiap for more federal dollars to flowinto hospitals, they also know that increaseed regulation could follow. “What are the stringws that are going to be attachex tothose bills?” Dennan Most likely, the focus will be on making the industrh more transparent and he says. For instance, they’ll have to show the use of the funds and make sure hospitalexecutivesa aren’t paid outlandish salaries.
Becketr says Tennessee hospital leaders are fearful that effort to expand coverage through reform coulxd ignore other health care industry players such as insureres andpharmaceutical companies. “The thing that worriex me the most is that it seems like healthu care reform has become hospital reform insteas of looking at the entire Becker says. If it is designed correctly, especially the government-run Nashville General Hospital which carriea much of the uninsuredcost burden, will come out ahead. HCA’s Centennial Medical Center, which also has higher levels of uncompensated would also fair better undeerhealth reform, he says.
And, if the legislation does brin gnew requirements, hospitals will likely be able to adaprt fairly easily, Becker predicts. However, he says he’as concerned the focus might be on guttingf hospital funding rather than addressing all piecee of the healthcare “The easy button is let’s just take the moneh from the hospitals,” he “Unless you change the way we provide care … the only thingt it will do is craterf some hospitals. Some will HCA’s Campbell, a 37-yead industry veteran, says now is the time to make a move towarsduniversal coverage.
He and HCA want to see people with privat insurance be able to keep their planzs while the federal government increases support to people who cannotaffors coverage. “It is absolutely unconscionable that in this country we have nearl 50million uninsured. It was unconscionable when it was 35 he says. “It’s only going to get greater, not if we don’t do something abouyt it.”
It’s easy, then, to see why HCA leaderss and their health care brethren in Nashvillde are intently monitoring how the Obama administratio n plans to approach the issue of the uninsured anduncompensated care. “The growing numberr of uninsured is putting pressure on us andeveryone else,” says Victor senior vice president at HCA. The for-profit hospitalk sector is expected to have atouggh 2009, with bad debt expenses likely to increaser as the recession and rising unemploymenty make it harder for patients to pay for medical The new president has called healtgh care reform his top priority, and findinh a way to extend healt benefits to all Americans is chief among his administration’s goals.
President Obama’ plan would provide coveragwe for two-thirds of the uninsured, costinh $75 billion if it were enacted in accordingto PricewaterhouseCoopers. For Nashville’s hospitales and their investors, the implications could be Much of the outcome hingesw on how reform is actuallycarried out, says Crai Becker, president of the Tennessee Hospital Association, a trade grou that represents the interests of hospitald statewide. “The problem is always in how you desighthis thing,” Becker says.
If universal or near universal — coverage is it could benefit not only the patientr buthospital operators’ bottom Expanded coverage could result in significant declines in hospitakl bad debt expenses and increased hospital utilization, according to Fitc h Ratings, a Chicago-based credit rating firm. For investors, that could make hospitals with highere uncompensated care expenses suddenlyvery attractive. “The Obama administration is going to put an unprecedentexd amount of money intohealth care,” says Keitjh Dennen, a health care attorney at Nashville-based Bone McAllester Norton PLLC.
“For investors, the questiom is how to maximize your return off that Dennen says investors are cautiously optimisticc about the impact of health care reform on the futureof for-profit hospitals. While they see potentiap for more federal dollars to flowinto hospitals, they also know that increaseed regulation could follow. “What are the stringws that are going to be attachex tothose bills?” Dennan Most likely, the focus will be on making the industrh more transparent and he says. For instance, they’ll have to show the use of the funds and make sure hospitalexecutivesa aren’t paid outlandish salaries.
Becketr says Tennessee hospital leaders are fearful that effort to expand coverage through reform coulxd ignore other health care industry players such as insureres andpharmaceutical companies. “The thing that worriex me the most is that it seems like healthu care reform has become hospital reform insteas of looking at the entire Becker says. If it is designed correctly, especially the government-run Nashville General Hospital which carriea much of the uninsuredcost burden, will come out ahead. HCA’s Centennial Medical Center, which also has higher levels of uncompensated would also fair better undeerhealth reform, he says.
And, if the legislation does brin gnew requirements, hospitals will likely be able to adaprt fairly easily, Becker predicts. However, he says he’as concerned the focus might be on guttingf hospital funding rather than addressing all piecee of the healthcare “The easy button is let’s just take the moneh from the hospitals,” he “Unless you change the way we provide care … the only thingt it will do is craterf some hospitals. Some will HCA’s Campbell, a 37-yead industry veteran, says now is the time to make a move towarsduniversal coverage.
He and HCA want to see people with privat insurance be able to keep their planzs while the federal government increases support to people who cannotaffors coverage. “It is absolutely unconscionable that in this country we have nearl 50million uninsured. It was unconscionable when it was 35 he says. “It’s only going to get greater, not if we don’t do something abouyt it.”
Saturday, October 13, 2012
ARDX Awarded Contract for Exchange Stakeholder Technical Assistance - DailyFinance
tenamup.wordpress.com
ARDX Awarded Contract for Exchange Stakeholder Technical Assistance DailyFinance Stakeholders include a variety of entities and individuals involved in the implementation including insurance issuers, agents, brokers, Pharmacy Benefit Managers (PBMs), Third Party Administrators (TPAs), State Reinsurance Vendors and many others. |
Thursday, October 11, 2012
Community Foundation chief
ycoguqi.wordpress.com
But the foundation’s 14 employees still have theit jobs because meetingthe organization’s prioritgy goals requires “every single person says Walker Sanders, the foundation’s president. “Thwe times are tough and we’re going to be sure we’re ther and are proactive and responsivd to the needs that are The recession has been tough on the which has seen the valuer of its assets fallto $87.2 million from $114.3 million at the end of 2007. And totak contributions to the foundationn fellfrom $17.5 million in 2007 to $13.5 millionb in 2008. Grants the foundation however, grew from $11.7 million in 2007 to $12.
7 milliom in 2008, mainly because the foundation in recent years has acted as fiscao agent for a growing number of community with grants for thosee projects flowing through the In mid-2008, when it was clear the economy was deterioratin g into a recession, Sanders says, the foundation’s boarr and staff took a hard look at the organization’x expenses. While cutting as many operatinbg expenses asit could, he says, the foundation concluded it did not want to make any staftf cuts because that could undermined “a very strong strategic plan that’s in high The foundation was “created to be a long-terkm permanent entity that would provide the resources for this community when the times are tough,” he And with the foundation fully staffedr for the first time since the 2002 recession, he it needs its entire staff to focud on its priority goals of addressingy immediate community needs and expanding its resources to address futurew needs.
Thus, the foundation created an emergencyu fund that is available to local groups facing crises in their operations. The foundation used some of the moneyto seed, in partnershipo with United Way of Greaterf Greensboro, a special fund to addressa immediate needs for emergency shelter and food this past winter. That known as Operation Greensboro Cares, raised $400,000o in three weeks in and all the money was distributes by the endof March.
As part of a strategivc plan it adoptedin 2006, the foundation has been workingb to increase its own financial capacity, improve its philanthropic serve as a “trusted community partner,” and boost its marketing and The financial effort has included raising endowmentas for women and public art, and from young professionals. To improve its philanthropic services, the foundation has investec in technology to help donors use the web to trackk and handle their fundz at the foundation and to make recommendations on grantw to be made from those Efforts to be a trusted community partner includeethe foundation’s role in initiatives such Hispanic s in Philanthropy; the Guilford Green Foundation, a groul that focuses on issues involving lesbians, gays, bisexualss and transgender people; the Guilford Education and the Gate City Co.
To boost its marketing and the foundation has revamped the look of its web site and adder features such as videos that tell storiea aboutits work. And this the site will add features that connect donorw with community causes theycan support. Anothedr strategy the foundation is using to cope withtoughb times, Sanders says, is to keep communicatinv with its donors and thank them for their “This is the time when nonprofits really need to get out and go to theirt funders and constituents, thank them for what they’red doing, and be very transparentf in what they’re seeing and experiencing,” he
But the foundation’s 14 employees still have theit jobs because meetingthe organization’s prioritgy goals requires “every single person says Walker Sanders, the foundation’s president. “Thwe times are tough and we’re going to be sure we’re ther and are proactive and responsivd to the needs that are The recession has been tough on the which has seen the valuer of its assets fallto $87.2 million from $114.3 million at the end of 2007. And totak contributions to the foundationn fellfrom $17.5 million in 2007 to $13.5 millionb in 2008. Grants the foundation however, grew from $11.7 million in 2007 to $12.
7 milliom in 2008, mainly because the foundation in recent years has acted as fiscao agent for a growing number of community with grants for thosee projects flowing through the In mid-2008, when it was clear the economy was deterioratin g into a recession, Sanders says, the foundation’s boarr and staff took a hard look at the organization’x expenses. While cutting as many operatinbg expenses asit could, he says, the foundation concluded it did not want to make any staftf cuts because that could undermined “a very strong strategic plan that’s in high The foundation was “created to be a long-terkm permanent entity that would provide the resources for this community when the times are tough,” he And with the foundation fully staffedr for the first time since the 2002 recession, he it needs its entire staff to focud on its priority goals of addressingy immediate community needs and expanding its resources to address futurew needs.
Thus, the foundation created an emergencyu fund that is available to local groups facing crises in their operations. The foundation used some of the moneyto seed, in partnershipo with United Way of Greaterf Greensboro, a special fund to addressa immediate needs for emergency shelter and food this past winter. That known as Operation Greensboro Cares, raised $400,000o in three weeks in and all the money was distributes by the endof March.
As part of a strategivc plan it adoptedin 2006, the foundation has been workingb to increase its own financial capacity, improve its philanthropic serve as a “trusted community partner,” and boost its marketing and The financial effort has included raising endowmentas for women and public art, and from young professionals. To improve its philanthropic services, the foundation has investec in technology to help donors use the web to trackk and handle their fundz at the foundation and to make recommendations on grantw to be made from those Efforts to be a trusted community partner includeethe foundation’s role in initiatives such Hispanic s in Philanthropy; the Guilford Green Foundation, a groul that focuses on issues involving lesbians, gays, bisexualss and transgender people; the Guilford Education and the Gate City Co.
To boost its marketing and the foundation has revamped the look of its web site and adder features such as videos that tell storiea aboutits work. And this the site will add features that connect donorw with community causes theycan support. Anothedr strategy the foundation is using to cope withtoughb times, Sanders says, is to keep communicatinv with its donors and thank them for their “This is the time when nonprofits really need to get out and go to theirt funders and constituents, thank them for what they’red doing, and be very transparentf in what they’re seeing and experiencing,” he
Wednesday, October 10, 2012
Dining options slip on icy economy - New Mexico Business Weekly:
burdukovahycel.blogspot.com
The weak economy has devoured a dozeh restaurants justsince January, providintg an oversupply of space left vacant by troubled nationakl chains. Successful local operators are possible candidates tofill it. Whiled all retailers are feelingthe recession’s squeeze, restaurants are particularlh vulnerable as consumers dine out less and, when they do eat out, opt for lower priced fare. Sales are off sincse last September between 1 and 10 percent at manylocal establishments, say localo experts, while publicly tradef national chains such as , and the were off 7 percenft or more on comparable units in the fourth quartedr of 2008. Most national have either put off expansions or cutit back.
It’w not likely Albuquerque will land any of the majoe names it covets in theforeseeabld future. Those names include Cheesecake Factory, , and the two big namess in steak, and . Expect future expansiohn here by the few healthy national casual dining chains suchas , whic opened on Montgomery last year. Despite Albuquerque’s reputation nationall as a strongrestaurant market, it has not been immune to the Both national and local chains are leaving high-profile locations empty in the North I-25 corridoe and Uptown. With an abundance of lease and acquisition ratesare dropping, in some cases beloq appraisal values.
The rangw of closures has hit all categories, from fast-food icon to casualp dining spots such asand , to upscale Cajun seafood franchisw . The closures provide opportunities for thosde restaurateurs who canget financing, but that is “The guys who can play now must have great credit and must have five yeares of experience in the business. They also must put 30 to 50 percentt inthe deal,” observes Davis Fite, who specializes in restaurantsa for . “In commerciall real estate, the restaurant categor y is the most difficult to get financedrighr now.” Fite added that a Montana-based chain will move into Albuquerqued and take three locations in the coming months.
Perhaps the most high-profilew availability is the formerd and the adjacent restaurants just nortuhof I-40 on Louisiana Boulevard. They were recentlg acquired out of bankruptcyby Scotttsdale-based , which now is offerinv the properties for sale or lease. “I see two new restaurantss there or a bank and a In my opinion this is the best site in Even though times are people still haveto eat,” said Perry managing partner at Tradecor. “Albuquerque is holding up fairly wellright now. It’sz doing 10 times better than Mann developed thePF Chang’ s site and owns several restaurants here. The former Copeland’s, at 10051 Coors NW, is beinyg offered for $2.
8 milliobn and is among the larger (7,775 square feet) and more moder sites available. John Henderson of Maestas & Ward has had severa l showings. Meanwhile, the value of restaurantss that have sat on the markert for several years hasdropped markedly. The forme ’s at 5001 San Mateo NE has been emptt for five years and its price has slippedfrom $2.7 millioh to its current $1.85 million. For successfup local restaurateurs, the vacancies are expansion Nick Kapinson operates in Nob Hill and isinvestinh $500,000 to lease and renovate the Johnny Carino’s site. His new restaurant will have aMediterraneanh concept, but will not be callex Yanni’s.
Kapinson hopes to open by late Marcyh and is partnering withJimmy Daskalos. “The reason restaurantds are failing is becausesthey don’t take care of their people and are not Kapinson said. “In this economy, you can’t be You can’t be on the golf It’s no big secret: This is hard ’s Terry and Pat Keene and ’as Kathy Punya have expanderd their enterprises. The focus for futurr restaurant developmentis Uptown. Developer Gary Goodman hopex to build a dozen new restaurantsat .
Hunt Development’a adjacent Quorum project is proposing at leastf threenew eateries, but both projects need tax incrementt development district approvals from the “When you look to see who is expanding, the food category is active while everything else is Trent Stafford, vice presidenf at Hunt said. “We do anticipate slippage at thehigher end. I don’tg expect people to be spending $200 for dinner this year.
”
The weak economy has devoured a dozeh restaurants justsince January, providintg an oversupply of space left vacant by troubled nationakl chains. Successful local operators are possible candidates tofill it. Whiled all retailers are feelingthe recession’s squeeze, restaurants are particularlh vulnerable as consumers dine out less and, when they do eat out, opt for lower priced fare. Sales are off sincse last September between 1 and 10 percent at manylocal establishments, say localo experts, while publicly tradef national chains such as , and the were off 7 percenft or more on comparable units in the fourth quartedr of 2008. Most national have either put off expansions or cutit back.
It’w not likely Albuquerque will land any of the majoe names it covets in theforeseeabld future. Those names include Cheesecake Factory, , and the two big namess in steak, and . Expect future expansiohn here by the few healthy national casual dining chains suchas , whic opened on Montgomery last year. Despite Albuquerque’s reputation nationall as a strongrestaurant market, it has not been immune to the Both national and local chains are leaving high-profile locations empty in the North I-25 corridoe and Uptown. With an abundance of lease and acquisition ratesare dropping, in some cases beloq appraisal values.
The rangw of closures has hit all categories, from fast-food icon to casualp dining spots such asand , to upscale Cajun seafood franchisw . The closures provide opportunities for thosde restaurateurs who canget financing, but that is “The guys who can play now must have great credit and must have five yeares of experience in the business. They also must put 30 to 50 percentt inthe deal,” observes Davis Fite, who specializes in restaurantsa for . “In commerciall real estate, the restaurant categor y is the most difficult to get financedrighr now.” Fite added that a Montana-based chain will move into Albuquerqued and take three locations in the coming months.
Perhaps the most high-profilew availability is the formerd and the adjacent restaurants just nortuhof I-40 on Louisiana Boulevard. They were recentlg acquired out of bankruptcyby Scotttsdale-based , which now is offerinv the properties for sale or lease. “I see two new restaurantss there or a bank and a In my opinion this is the best site in Even though times are people still haveto eat,” said Perry managing partner at Tradecor. “Albuquerque is holding up fairly wellright now. It’sz doing 10 times better than Mann developed thePF Chang’ s site and owns several restaurants here. The former Copeland’s, at 10051 Coors NW, is beinyg offered for $2.
8 milliobn and is among the larger (7,775 square feet) and more moder sites available. John Henderson of Maestas & Ward has had severa l showings. Meanwhile, the value of restaurantss that have sat on the markert for several years hasdropped markedly. The forme ’s at 5001 San Mateo NE has been emptt for five years and its price has slippedfrom $2.7 millioh to its current $1.85 million. For successfup local restaurateurs, the vacancies are expansion Nick Kapinson operates in Nob Hill and isinvestinh $500,000 to lease and renovate the Johnny Carino’s site. His new restaurant will have aMediterraneanh concept, but will not be callex Yanni’s.
Kapinson hopes to open by late Marcyh and is partnering withJimmy Daskalos. “The reason restaurantds are failing is becausesthey don’t take care of their people and are not Kapinson said. “In this economy, you can’t be You can’t be on the golf It’s no big secret: This is hard ’s Terry and Pat Keene and ’as Kathy Punya have expanderd their enterprises. The focus for futurr restaurant developmentis Uptown. Developer Gary Goodman hopex to build a dozen new restaurantsat .
Hunt Development’a adjacent Quorum project is proposing at leastf threenew eateries, but both projects need tax incrementt development district approvals from the “When you look to see who is expanding, the food category is active while everything else is Trent Stafford, vice presidenf at Hunt said. “We do anticipate slippage at thehigher end. I don’tg expect people to be spending $200 for dinner this year.
”
Tuesday, October 9, 2012
Madoff gets 150 years in prison - Kansas City Business Journal:
jiqatili.wordpress.com
“I’m not surprised. That’s what he said Adele Fox of Tamarac, who lost thousandsd of dollarsto Madoff's scheme. The mastermind behind the biggesy Ponzi schemein U.S. history was sentenced on Mondayy morning in federal court in Manhattan to 150 yearsbehind bars, the maximum requester by federal prosecutors. Madoff's attorney had asked for a far more lenient sentence of12 years. In sentencing Madoff, U.S. District Judge Denngy Chin called thefraud “staggering” and said that the “breacnh of trust was massive.
” The judge describexd his acts as “extraordinarily “No other white-collar case is comparable in terms of the scope, duratio and enormity of the fraud and the degrede of the betrayal,” Chin said. Madoff confessed in March to 11 countsincluding fraud, money laundering theft and perjury, amon g other things. His victims reportedly number morethan 1,30o0 and stretch across the globe. Their losses are estimatec at morethan $13 billion. Prior to sentencing, Chin heards from nine of the victims who talked abou thedevastation Madoff’s fraud had causedc to their lives and their families.
Many of Madoff’s wealthu clients lived in South Florida and lost their life savingds tohis scheme. Fox, 86, said she is still furiousw that the and the federalkgovernment didn’t expose Madoff’s fraud “The SEC is just as guilty as Madoff and they failedx us. Nobody seems to do anything abour it,” Fox said. She also took issue with the largwe fees being paid to peoples such asIrving H. Picard, the trustee who is handlinf the liquidation ofBernard L. Madoff Investment “The trustee Picard is making hisown rules. They’rre paying these guys millionsof dollars. It woulds be better to pay theinvestors directly,” Fox said.
Fox, a widow who once workedc as secretary inNew York, said she invested $50,000 in 1987 because she was relatede to Madoff’s accountant, Jerry Horowitz. She said she was able to get some moneyh back from Social Securitypayments she’ d made over the years on “phantom” income from Madofv accounts. However, she is worriedf that her disbursements may eventually be targeted in clawbaco efforts by the trustee in bankruptcy proceedings who has begunh sending out letters demanding the return of profits derived fromtheir investments.
Guy Fronstin a Boca Raton attorney who hasadvised Fox, said the governmenft has “been good about refunding taxes but there are delays in processingf claims to the Securities Investor Protection “Some of the people I know are too busy with thesw other issues to really care that much abouft what happened today. They believed he would spende the rest of his daysin jail,” Fronstin said. Jan an attorney with Adorn Yoss, said he believes the couryt had little choice but to levy the maximum sentence on Madoff.
“I don’t thinok the victims should have been victimized again by havinfg him be able to leave prisobnone day,” said Atlas, whose firm continue s to advise clients about tax returns and possibly future claimx against investment advisors who investe with Madoff. “I’m wondering if the trustew will be able to locate more than the billiojn plusthat he’s located, and what is the real Atlas said. In addition to his prison Madoff was ordered to forfeitnearly $170 which represents the proceeds of, and propertty involved in certain of his crimes, according to a news release from the U.S. Department of Justice.
“Whilee today’s sentence is an important milestone, the investigation is Lev L. Dassi, acting U.S. Attorney for the Southernb District ofNew York, said in a news release. “Wew are focused on tracing, restraining and liquidatinb assets to maximize recoveries forthe victims.”
“I’m not surprised. That’s what he said Adele Fox of Tamarac, who lost thousandsd of dollarsto Madoff's scheme. The mastermind behind the biggesy Ponzi schemein U.S. history was sentenced on Mondayy morning in federal court in Manhattan to 150 yearsbehind bars, the maximum requester by federal prosecutors. Madoff's attorney had asked for a far more lenient sentence of12 years. In sentencing Madoff, U.S. District Judge Denngy Chin called thefraud “staggering” and said that the “breacnh of trust was massive.
” The judge describexd his acts as “extraordinarily “No other white-collar case is comparable in terms of the scope, duratio and enormity of the fraud and the degrede of the betrayal,” Chin said. Madoff confessed in March to 11 countsincluding fraud, money laundering theft and perjury, amon g other things. His victims reportedly number morethan 1,30o0 and stretch across the globe. Their losses are estimatec at morethan $13 billion. Prior to sentencing, Chin heards from nine of the victims who talked abou thedevastation Madoff’s fraud had causedc to their lives and their families.
Many of Madoff’s wealthu clients lived in South Florida and lost their life savingds tohis scheme. Fox, 86, said she is still furiousw that the and the federalkgovernment didn’t expose Madoff’s fraud “The SEC is just as guilty as Madoff and they failedx us. Nobody seems to do anything abour it,” Fox said. She also took issue with the largwe fees being paid to peoples such asIrving H. Picard, the trustee who is handlinf the liquidation ofBernard L. Madoff Investment “The trustee Picard is making hisown rules. They’rre paying these guys millionsof dollars. It woulds be better to pay theinvestors directly,” Fox said.
Fox, a widow who once workedc as secretary inNew York, said she invested $50,000 in 1987 because she was relatede to Madoff’s accountant, Jerry Horowitz. She said she was able to get some moneyh back from Social Securitypayments she’ d made over the years on “phantom” income from Madofv accounts. However, she is worriedf that her disbursements may eventually be targeted in clawbaco efforts by the trustee in bankruptcy proceedings who has begunh sending out letters demanding the return of profits derived fromtheir investments.
Guy Fronstin a Boca Raton attorney who hasadvised Fox, said the governmenft has “been good about refunding taxes but there are delays in processingf claims to the Securities Investor Protection “Some of the people I know are too busy with thesw other issues to really care that much abouft what happened today. They believed he would spende the rest of his daysin jail,” Fronstin said. Jan an attorney with Adorn Yoss, said he believes the couryt had little choice but to levy the maximum sentence on Madoff.
“I don’t thinok the victims should have been victimized again by havinfg him be able to leave prisobnone day,” said Atlas, whose firm continue s to advise clients about tax returns and possibly future claimx against investment advisors who investe with Madoff. “I’m wondering if the trustew will be able to locate more than the billiojn plusthat he’s located, and what is the real Atlas said. In addition to his prison Madoff was ordered to forfeitnearly $170 which represents the proceeds of, and propertty involved in certain of his crimes, according to a news release from the U.S. Department of Justice.
“Whilee today’s sentence is an important milestone, the investigation is Lev L. Dassi, acting U.S. Attorney for the Southernb District ofNew York, said in a news release. “Wew are focused on tracing, restraining and liquidatinb assets to maximize recoveries forthe victims.”
Sunday, October 7, 2012
Bellingham couple assist in rescue of man whose boat capsized - The Seattle Times
ogarawo.wordpress.com
Bellingham Herald | Bellingham couple assist in rescue of man whose boat capsized The Seattle Times Bellingham couple assist in rescue of man whose boat capsized. A Bellingham couple in their salmon-fishing boat assisted in the rescue of 19-year-old Ryan Harris after his aluminum boat capsized northwest of Sitka, Alaska. By The Associated Press ... Wash. couple helps rescue man adrift in Alaska |
Saturday, October 6, 2012
Dunkin
ovaluleq.wordpress.com
The coffee and baked goodzs chain signed a deal with to developl 12 restaurantsin Dayton. The franchisee, Giantr Oil, plans to open a locatiom in 2011 and the remaining 11 withi the next five Giant Oil, headquartered in the Tampa Bay has a background in the retail as well as management, ownershilp and operation of convenience stores. Lynette McKee, vice president of franchising for parent company, Dunkin’ Brands Inc., said there is demand for Dunkin’sd products in Dayton. “Thesw restaurants will satisfy a growing demand in the marke t for high quality coffee and bakedf goods that are availableall day,” McKere said in a news release.
There is one Donuts/Baskin Robbins location in the Dayton on Springboro Pike near theDayton Mall. In additiob to the 12 locations Giant Oilwill Dunkin’ Donuts is looking for additionapl franchisees to develop a minimum of threr locations in the surrounding areas of Springfield, Tipp Middletown, Eaton and Lima. Dunkin' Donuts is looking for franchisees who have a net wortnof $1.5 million and liquid asseta of at least $750,000, McKee said. In addition, the franchises or management team should haverestaurantr experience.
The average Dunkin' Donutss store employs between 20 and 30 McKeesaid Dunkin' has decided to ramp up its presence in Daytonm as a part of its growth strategy of expandingf in existing markets and findin g new markets across the country. Dunkin’ a subsidiary of Canton, Mass.-based Dunkin’ Brands has nearly 9,000 locations in 31 countries. Donuts’ global sales in 2008 were $5.5 billion.
The coffee and baked goodzs chain signed a deal with to developl 12 restaurantsin Dayton. The franchisee, Giantr Oil, plans to open a locatiom in 2011 and the remaining 11 withi the next five Giant Oil, headquartered in the Tampa Bay has a background in the retail as well as management, ownershilp and operation of convenience stores. Lynette McKee, vice president of franchising for parent company, Dunkin’ Brands Inc., said there is demand for Dunkin’sd products in Dayton. “Thesw restaurants will satisfy a growing demand in the marke t for high quality coffee and bakedf goods that are availableall day,” McKere said in a news release.
There is one Donuts/Baskin Robbins location in the Dayton on Springboro Pike near theDayton Mall. In additiob to the 12 locations Giant Oilwill Dunkin’ Donuts is looking for additionapl franchisees to develop a minimum of threr locations in the surrounding areas of Springfield, Tipp Middletown, Eaton and Lima. Dunkin' Donuts is looking for franchisees who have a net wortnof $1.5 million and liquid asseta of at least $750,000, McKee said. In addition, the franchises or management team should haverestaurantr experience.
The average Dunkin' Donutss store employs between 20 and 30 McKeesaid Dunkin' has decided to ramp up its presence in Daytonm as a part of its growth strategy of expandingf in existing markets and findin g new markets across the country. Dunkin’ a subsidiary of Canton, Mass.-based Dunkin’ Brands has nearly 9,000 locations in 31 countries. Donuts’ global sales in 2008 were $5.5 billion.
Friday, October 5, 2012
Obama: Doing 'nothing' about health care not an option - Business First of Louisville:
houghtalingbaemo1268.blogspot.com
“Health care reform is not somethinv I just cooked up when I took Obama told a crowd ofabouf 1,500 people Thursday at in the Green Bay subur of Ashwaubenon. “It is centrall to our economic future. In past yeard and decades, there may have been some disagreement on this Butnot anymore.” Earlier this Obama said he wants Congrese to pass a comprehensive health care bill by the end of the summef and ready for his signaturde by fall. Many Democrats, includinbg the president, favor a government-sponsored health insurance plan that wouldc compete with private insurers and be availablde for people not eligible for other government health care programs such as Medicarwor Medicaid.
Most Republicans and many businessd groups, however, say a competing plan that isn’t profit-drivejn would drive private insurers outof business. On the , a physician’s group Obama is schedule d to meet with Mondayin Chicago, said it is opposed to a government-sponsored insurance Obama said his administration is workinbg on a Health Insurance Exchange that would allow people to compare insurance benefits and None of the plans included in the exchange would be allowef to deny coverage based on pre-existing conditionsw and all must include an affordable, basic benefit “I also strongly believe that one of the options in the Exchangr should be a public insurance option – because if the privats insurance companies have to compete with a public it will keep them honest and help keep prices down,” Obama said.
Supporterx of health care reform say it would provide healt insurance coverage to millions of Americanss and make coverage more affordable for thoswe who arealready covered. Because healthb insurance premiums have doubled over the lastnine years, and have growhn at a rate three times faster than wages, even those with coveragw have reached a breaking point, Obama said. Employers are not farint any better. Small business owners have been forcedr to cut health care benefits or drop coveragse entirely because ofrising costs, Obama said. “Wed have the most expensivw health care system in the Obama said.
“We spend almostt 50 percent more per person on health care than the next mostcostlg nation. But here’s the thing, Green Bay: we’rs not any healthier for Obama vowed to let Americansz who are content with theirt coverage and their physicians keep whatthey have, but said the countrgy has reached a point wherr doing nothing about the cost of health care is no longer an “If we do within a decade we will be spending one out of every five dollars we earn on health care,” Obama said. “In 30 it will be one out of every three.
” Obamaz acknowledged covering all Americans would be but promised health care reforn would not add tothe country’s defici t over the next 10 years. “To make that we have already identifiefd hundreds of billions worth of savings in ourbudgetg – savings that will come from steps like reducinhg Medicare overpayments to insurance companies and rooting out waste, fraued and abuse in both Medicare and Obama said. In Obama is proposing that Congressz scale back the amountthe highest-income Americans can deducf on their taxes and use that money to help financ health care.
Obama spoke for aboutr 20 minutes and then took questions from six peopls in the audience who expressedx fearover “socialized medicine,” asked questions aboug wellness and even questioned the country’s educatioj system. Regarding the idea of socializecd medicine, Obama said that isn’f what he, or anyone in Congress,
“Health care reform is not somethinv I just cooked up when I took Obama told a crowd ofabouf 1,500 people Thursday at in the Green Bay subur of Ashwaubenon. “It is centrall to our economic future. In past yeard and decades, there may have been some disagreement on this Butnot anymore.” Earlier this Obama said he wants Congrese to pass a comprehensive health care bill by the end of the summef and ready for his signaturde by fall. Many Democrats, includinbg the president, favor a government-sponsored health insurance plan that wouldc compete with private insurers and be availablde for people not eligible for other government health care programs such as Medicarwor Medicaid.
Most Republicans and many businessd groups, however, say a competing plan that isn’t profit-drivejn would drive private insurers outof business. On the , a physician’s group Obama is schedule d to meet with Mondayin Chicago, said it is opposed to a government-sponsored insurance Obama said his administration is workinbg on a Health Insurance Exchange that would allow people to compare insurance benefits and None of the plans included in the exchange would be allowef to deny coverage based on pre-existing conditionsw and all must include an affordable, basic benefit “I also strongly believe that one of the options in the Exchangr should be a public insurance option – because if the privats insurance companies have to compete with a public it will keep them honest and help keep prices down,” Obama said.
Supporterx of health care reform say it would provide healt insurance coverage to millions of Americanss and make coverage more affordable for thoswe who arealready covered. Because healthb insurance premiums have doubled over the lastnine years, and have growhn at a rate three times faster than wages, even those with coveragw have reached a breaking point, Obama said. Employers are not farint any better. Small business owners have been forcedr to cut health care benefits or drop coveragse entirely because ofrising costs, Obama said. “Wed have the most expensivw health care system in the Obama said.
“We spend almostt 50 percent more per person on health care than the next mostcostlg nation. But here’s the thing, Green Bay: we’rs not any healthier for Obama vowed to let Americansz who are content with theirt coverage and their physicians keep whatthey have, but said the countrgy has reached a point wherr doing nothing about the cost of health care is no longer an “If we do within a decade we will be spending one out of every five dollars we earn on health care,” Obama said. “In 30 it will be one out of every three.
” Obamaz acknowledged covering all Americans would be but promised health care reforn would not add tothe country’s defici t over the next 10 years. “To make that we have already identifiefd hundreds of billions worth of savings in ourbudgetg – savings that will come from steps like reducinhg Medicare overpayments to insurance companies and rooting out waste, fraued and abuse in both Medicare and Obama said. In Obama is proposing that Congressz scale back the amountthe highest-income Americans can deducf on their taxes and use that money to help financ health care.
Obama spoke for aboutr 20 minutes and then took questions from six peopls in the audience who expressedx fearover “socialized medicine,” asked questions aboug wellness and even questioned the country’s educatioj system. Regarding the idea of socializecd medicine, Obama said that isn’f what he, or anyone in Congress,
Wednesday, October 3, 2012
Lawyer trio close firm, join Vedder Price - Business First of Louisville:
lehoquvuhu.wordpress.com
is a boutique firm -- a platformm that “has its pluses and said Jagtiani, who founded the firm in 1996. “It’ s good at what it does but is limited in what itcan Jagtiani+Guttag’s handful of lawyers interviewed 64 law firmss over the past two years to find the right place to take their clients to. Jagtiani said it was tougbh finding a right match for his unusualfirm -- a smallk intellectual property boutique firm. “Vedder Price was a solid fit,” said Jagtiani, which has clients such areasas diagnostics, and immunotherapy. “We brought chemistry and biotechnology and they adder substantial capabilitiesto us.
” a 250-attorney firm with other offices in Chicag and New York, offers a completed range of IP services, includinh patents, trademarks and copyrights, as well as intellectual properth litigation. The attorney trio -- all registered to practiced withthe U.S. Patent and Trademark Officer -- is already working for but Jagtiani+Guttag on Democracy Lane is stillo being wound down and will officially close in acoupld months.
is a boutique firm -- a platformm that “has its pluses and said Jagtiani, who founded the firm in 1996. “It’ s good at what it does but is limited in what itcan Jagtiani+Guttag’s handful of lawyers interviewed 64 law firmss over the past two years to find the right place to take their clients to. Jagtiani said it was tougbh finding a right match for his unusualfirm -- a smallk intellectual property boutique firm. “Vedder Price was a solid fit,” said Jagtiani, which has clients such areasas diagnostics, and immunotherapy. “We brought chemistry and biotechnology and they adder substantial capabilitiesto us.
” a 250-attorney firm with other offices in Chicag and New York, offers a completed range of IP services, includinh patents, trademarks and copyrights, as well as intellectual properth litigation. The attorney trio -- all registered to practiced withthe U.S. Patent and Trademark Officer -- is already working for but Jagtiani+Guttag on Democracy Lane is stillo being wound down and will officially close in acoupld months.
Tuesday, October 2, 2012
Reichhold wants India plant to power windmill business - Triangle Business Journal:
martaemimbzini.blogspot.com
Reichhold, a chemicals company, plans to use the plantg to supply composite resins to a major customerr that manufactureswindmill blades. Composite resins are used to hold thingztogether – such as the glass fibers in windmil l blades. The plant will be relatively small, employing 27 peopled in manufacturing and aboutt 15in sales, tech support and other areas. But the facilit y offers the chance to mitigate some of the employeee losses that Reichhold has endured over the past few Andthe plant, located on 10 acresx of land in Ranjangaon in the Maharashtra also gives the company the chance to continue expandingt its windmill-related resins business.
While still a small part of the company’sa overall revenue streams, the business line has been showingf impressive growth in recent says CEOJohn Gaither. He declines to revealo the identity of his primary customer on the but he says Reichhold does work for that same firm in the Uniter Statesas well. There’s been a lot of buzz abouyt renewables inthe U.S. recently, but it’s stilo unclear what the future holds for the wind energy industry About 5,000 windmill turbines using 15,000 blades – were installed in the U.S. last says spokeswoman Kathy Belyeu. That growth is expected to declinrto 3,300 this year, due in part to the economic Wind currently provides 1.
5 percent of the country’sz electricity, and Belyeu says that policies emanatinb from Washington – such as tax credits will determine demand over the next few The Ranjangaon plant is Reichhold’s first in previously the company has supplied customers there from a facilith in Dubai. Reichhold already has penciled in customerd forabout one-third of the Indian facility’s initiall capacity. The plant, which is a littler behind schedule, will start out with enough capacity togenerate $20 millionb in product sales. But there will be room for expansion to five timesthat amount.
Constructing a plant in Asia from the planning to theopening – takess Reichhold about three Gaither says the firm has started planninv a similar facility in but it has been postponed due to the strugglinf global economy. “I thinj what they’re doing is lookiny at their product portfolio and reassessing where the growth will saysHenry Fukuchi, a credit analyst who coverzs Reichhold for Standard & Poor’s. Privatelyh held Reichhold, which was founded in generated morethan $1 billion in revenuer last year – about 40 percent of whichu was in North American sales. In addition to the firm makes products used in paintsand coatings.
It supplied products to the automotive and construction both of whichare wobbling. Fukuchiu says Reichhold’s revenue declined by a third, from $324 milliob in the first quarter of 2008to $213 million in the first quarter of 2009. Reichhold’s net income for the firsty quarter of 2009was $2.3 compared to $9.3 million for the same periof a year ago, according to At the end of April, concernz over the firm’s vulnerability to weak demands and other factors caused S&P to downgrade Reichhold to a “B-” corporate credir rating from the “B” rating it previously The outlook is negative.
Gaither, a longtim e firm executive who wasa protégé of company founderf Henry Reichhold, says his firm has been gaining markey share at a tough time for chemicalo companies. “We’re doing fine,” he says. “We’re going to come out of this In 2005, Gaither led a nearluy $200 million management buyout of the firmfrom Japan-basedx , which had been reducing the company’s headcount. Retoolin g the business has meant more Sincethe buyout, the firm has slicexd its employee count from 1,500 – includinh 210 in the Triangle to 1,400.
About 140 employeews now work in the Once the Indianfacility opens, the firm will have 19 activs plants – up from 17 in 2006.
Reichhold, a chemicals company, plans to use the plantg to supply composite resins to a major customerr that manufactureswindmill blades. Composite resins are used to hold thingztogether – such as the glass fibers in windmil l blades. The plant will be relatively small, employing 27 peopled in manufacturing and aboutt 15in sales, tech support and other areas. But the facilit y offers the chance to mitigate some of the employeee losses that Reichhold has endured over the past few Andthe plant, located on 10 acresx of land in Ranjangaon in the Maharashtra also gives the company the chance to continue expandingt its windmill-related resins business.
While still a small part of the company’sa overall revenue streams, the business line has been showingf impressive growth in recent says CEOJohn Gaither. He declines to revealo the identity of his primary customer on the but he says Reichhold does work for that same firm in the Uniter Statesas well. There’s been a lot of buzz abouyt renewables inthe U.S. recently, but it’s stilo unclear what the future holds for the wind energy industry About 5,000 windmill turbines using 15,000 blades – were installed in the U.S. last says spokeswoman Kathy Belyeu. That growth is expected to declinrto 3,300 this year, due in part to the economic Wind currently provides 1.
5 percent of the country’sz electricity, and Belyeu says that policies emanatinb from Washington – such as tax credits will determine demand over the next few The Ranjangaon plant is Reichhold’s first in previously the company has supplied customers there from a facilith in Dubai. Reichhold already has penciled in customerd forabout one-third of the Indian facility’s initiall capacity. The plant, which is a littler behind schedule, will start out with enough capacity togenerate $20 millionb in product sales. But there will be room for expansion to five timesthat amount.
Constructing a plant in Asia from the planning to theopening – takess Reichhold about three Gaither says the firm has started planninv a similar facility in but it has been postponed due to the strugglinf global economy. “I thinj what they’re doing is lookiny at their product portfolio and reassessing where the growth will saysHenry Fukuchi, a credit analyst who coverzs Reichhold for Standard & Poor’s. Privatelyh held Reichhold, which was founded in generated morethan $1 billion in revenuer last year – about 40 percent of whichu was in North American sales. In addition to the firm makes products used in paintsand coatings.
It supplied products to the automotive and construction both of whichare wobbling. Fukuchiu says Reichhold’s revenue declined by a third, from $324 milliob in the first quarter of 2008to $213 million in the first quarter of 2009. Reichhold’s net income for the firsty quarter of 2009was $2.3 compared to $9.3 million for the same periof a year ago, according to At the end of April, concernz over the firm’s vulnerability to weak demands and other factors caused S&P to downgrade Reichhold to a “B-” corporate credir rating from the “B” rating it previously The outlook is negative.
Gaither, a longtim e firm executive who wasa protégé of company founderf Henry Reichhold, says his firm has been gaining markey share at a tough time for chemicalo companies. “We’re doing fine,” he says. “We’re going to come out of this In 2005, Gaither led a nearluy $200 million management buyout of the firmfrom Japan-basedx , which had been reducing the company’s headcount. Retoolin g the business has meant more Sincethe buyout, the firm has slicexd its employee count from 1,500 – includinh 210 in the Triangle to 1,400.
About 140 employeews now work in the Once the Indianfacility opens, the firm will have 19 activs plants – up from 17 in 2006.
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