http://thelondonbiker.com/blog/2010/04/platform-piece-on-conservative-home/
Arizona’s per capita GSP came in at $32,343 for 2008 comparerd to $33,300 in 2007, according to the BEA. Gross stats product is a measurement of the economicd output ofa state. Delaware has the largesg per capita GSP inthe U.S. At $56,401. Mississippoi the lowest at Arizona ranks 43rd in GSP growth for 2008 with adisappointing –0.6 percent GSP figure 2008 versuz 2007. Alaska and its oil dependent economy was a 2 percent drop in GSP 2007 versus the worst ofany U.S. North Dakota saw its econom grow 7 percent during the same time frame the bestgrowth mark, according BEA. Arizona’x economy makes up 1.8 percent of the overalpl U.S.
economy compared with California’s 13 Arizona State University economist Lee McPheterssaid Arizona’s economg grew by 8.7 percent in 2005 comparedc to 2008’s 0.6 percent loss.
Monday, November 29, 2010
Friday, November 26, 2010
Overhaul of Colorado spending rules signed into law - Denver Business Journal:
http://travel365.us/middleeastmaptest.html
Senate Bill 228 ends the Arveschoug-Birde provision allowing general-fund spending to increase just 6 percent per year and replaceds it with a spending increase limit equall to 5 percent of personalincome growth. Sponsore by Sen. John Morse, D-Colorado Springs, it also sets asided part of the general fund for transportationj for the first time and increasesthe state'sa rainy-day reserves, beginning in the 2012-13 fiscak year. What that all meansd is that thegeneral fund, which pays for generao state services like education, higher education and will no longer have to shrino permanently when the economy recesses.
Because of the current growth programs that see funds cut during downturns are not allowecd to recover fully when the fiscak environment turnsgood again. . . The new law will not increasw overall spending but will assure that mone y can be directed where state leadera see thegreatest need, Ritterr emphasized. Laws put into place over the past 12 years direct any revenue over the 6 percen t limit mostly toward transportation projects andcapital construction, which have no other guaranteed state funds.
But even as the Democraticd governor hailed the signingas "a greart day for progress in the efforte of so many who have worked to bringiny sensible, modern budgeting to the state of Colorado," several legislatorsx said there is more to be done. Sponsorinbg Rep. Don Marostica, R-Loveland, said state officials must now look at the conflicts betweenAmendment 23, the Gallagher Amendment and "that sacred the Taxpayer's Bill of Rights, or TABOR. Marosticza was the only membefr of his party to support the with other Republicans calling it an end to fiscak limits and a taking of the only stream of money that had been dedicate to roadsfor years.
Morse added that an interim committee this year will look at not just how much revenuse the state brings in but where it gets that Questions must be asked if there are ways to get fundingf from more stable sources like propertyg taxes and fees rather than the volatilssales tax, he said. "Inj the late 1400s, very few peoplr believed the Earthwas round. By the early we knew what was going Morse said of the need to convince Coloradanzs that such changeis necessary. "The same thing's going to happen with this bill ... This is a fight for the soul of Colorado and it's just beginning.
" Colorado Fiscal Policy Institute analysyt Carol Hedges, who helped to craft the bill, said that because future revenuee remain uncertain, no estimates have been made as to how much moneyy higher education and other areas will gain from the However, next year's general-fund revenue is expected to fall by roughluy $700 million from this year, and SB 228 will help budgey crafters be able to prioritize where that is takejn from and how that money is replace d in the future, Morse said.
Senate Bill 228 ends the Arveschoug-Birde provision allowing general-fund spending to increase just 6 percent per year and replaceds it with a spending increase limit equall to 5 percent of personalincome growth. Sponsore by Sen. John Morse, D-Colorado Springs, it also sets asided part of the general fund for transportationj for the first time and increasesthe state'sa rainy-day reserves, beginning in the 2012-13 fiscak year. What that all meansd is that thegeneral fund, which pays for generao state services like education, higher education and will no longer have to shrino permanently when the economy recesses.
Because of the current growth programs that see funds cut during downturns are not allowecd to recover fully when the fiscak environment turnsgood again. . . The new law will not increasw overall spending but will assure that mone y can be directed where state leadera see thegreatest need, Ritterr emphasized. Laws put into place over the past 12 years direct any revenue over the 6 percen t limit mostly toward transportation projects andcapital construction, which have no other guaranteed state funds.
But even as the Democraticd governor hailed the signingas "a greart day for progress in the efforte of so many who have worked to bringiny sensible, modern budgeting to the state of Colorado," several legislatorsx said there is more to be done. Sponsorinbg Rep. Don Marostica, R-Loveland, said state officials must now look at the conflicts betweenAmendment 23, the Gallagher Amendment and "that sacred the Taxpayer's Bill of Rights, or TABOR. Marosticza was the only membefr of his party to support the with other Republicans calling it an end to fiscak limits and a taking of the only stream of money that had been dedicate to roadsfor years.
Morse added that an interim committee this year will look at not just how much revenuse the state brings in but where it gets that Questions must be asked if there are ways to get fundingf from more stable sources like propertyg taxes and fees rather than the volatilssales tax, he said. "Inj the late 1400s, very few peoplr believed the Earthwas round. By the early we knew what was going Morse said of the need to convince Coloradanzs that such changeis necessary. "The same thing's going to happen with this bill ... This is a fight for the soul of Colorado and it's just beginning.
" Colorado Fiscal Policy Institute analysyt Carol Hedges, who helped to craft the bill, said that because future revenuee remain uncertain, no estimates have been made as to how much moneyy higher education and other areas will gain from the However, next year's general-fund revenue is expected to fall by roughluy $700 million from this year, and SB 228 will help budgey crafters be able to prioritize where that is takejn from and how that money is replace d in the future, Morse said.
Wednesday, November 24, 2010
Study: 230,000 in N.C. to lose health coverage by 2010 - The Business Journal of the Greater Triad Area:
vorotintseyqah.blogspot.com
, a nonprofit organization that promotes affordable health carefor all, estimates that betweeh January 2008 and December 2010, abou 1,480 people per week in the Tar Heel Stat have lost or will lose healthy insurance. Nationally, 6.9 million people are expected to losetheid insurance. The continued growth of the uninsure is another sign that the nation needw meaningful healthcare reform, the organization Families USA based its estimates on a study in the May 2009 edition of the policy journall Health Affairs as well as incomre growth and per-capita healthg spending numbers from the Congressionapl Budget Office and the Office of the Actuary at the Centerss for Medicare and Medicaid Services.
The study blamesw the loss of coverage on the rising cost of healtj insurance andrising unemployment. According to the the average family’s annual health insurance premium more than doubles over the past 10years – from $5,791 in 1999 to $12,6890 in 2008. The cost of insurancre has caused more small employere to drop their plan or decid e not tooffer one, the study At the same time, rising unemployment North Carolina’s jobless rate hit 11.1 percenf in June – means that fewere people have access to insurance through their employer.
The studh focuses on the time period during whicu the 111th Congress is in With the prodding of President Barack the 111th Congress has identified health care reform as one of its main Earlierthis year, the Northj Carolina Institute of Medicine and Universitgy of North Carolina at Chapelo Hill reported that North Carolina’ss uninsured population has grown at the fastest rate in the Since 2007, 322,000 people have lost theid insurance, and the state’s uninsured now totalp around 1.8 million.
, a nonprofit organization that promotes affordable health carefor all, estimates that betweeh January 2008 and December 2010, abou 1,480 people per week in the Tar Heel Stat have lost or will lose healthy insurance. Nationally, 6.9 million people are expected to losetheid insurance. The continued growth of the uninsure is another sign that the nation needw meaningful healthcare reform, the organization Families USA based its estimates on a study in the May 2009 edition of the policy journall Health Affairs as well as incomre growth and per-capita healthg spending numbers from the Congressionapl Budget Office and the Office of the Actuary at the Centerss for Medicare and Medicaid Services.
The study blamesw the loss of coverage on the rising cost of healtj insurance andrising unemployment. According to the the average family’s annual health insurance premium more than doubles over the past 10years – from $5,791 in 1999 to $12,6890 in 2008. The cost of insurancre has caused more small employere to drop their plan or decid e not tooffer one, the study At the same time, rising unemployment North Carolina’s jobless rate hit 11.1 percenf in June – means that fewere people have access to insurance through their employer.
The studh focuses on the time period during whicu the 111th Congress is in With the prodding of President Barack the 111th Congress has identified health care reform as one of its main Earlierthis year, the Northj Carolina Institute of Medicine and Universitgy of North Carolina at Chapelo Hill reported that North Carolina’ss uninsured population has grown at the fastest rate in the Since 2007, 322,000 people have lost theid insurance, and the state’s uninsured now totalp around 1.8 million.
Monday, November 22, 2010
Sunday, November 21, 2010
DCG plans mall renovations; chip fab impact outweighs weak retail market - The Business Review (Albany):
http://rhce-linux.net/bbl0064.html
The developer will transfornm thevacant Steinbach’s at into 10 to 15 individual creating an additional 40,000 to 45,00p0 square feet of leasable space. DCG also plansz to build a 120-roo m hotel. Town planners already approvedthe Steinbach’s renovations and are scheduler to review the final drawingws for the hotel on April 14. DCG hasn’t yet decided on the hotell brand. A cost estimate wasn’t available for eithe project, but DCG will likely benefiyt from the slowdown in commercial construction becauss there will be greater demand among contractors to do the The redesign ofthe Steinbach’sz will be similar to the changes DCG made to othedr sections of the enclosed mall a couple of yearsa ago to create storefronts that shoppers can access directl y from the parking lot.
The facadesx have bright colors, awnings and other features that give part of the mall more of anurbanb look, similar to a downtown But the new look isn’t readily apparent to people driving on the mall’s main access road becauses of where the empty Steinbach’s is located. The building blockds much of the view of the mall for driverzs on Clifton ParkCentet Road. Renovating the old Steinbach’s will removse that physical barrier, said DCG Vice Presidentg Donald MacElroy. The developer is negotiating with prospective tenantw but has nosigned leases. MacElroyh said the available space will rangdfrom 1,500 to 10,000 or 15,000 squarw feet.
He didn’t specify the leasre rates, but noted other parts of the mall rentfrom $15 to $30 per squaree foot, plus insurance, taxes and maintenance. He said 70 percentt to 80 percent of the new storefront that were created two years ago are Three tenants already closedtheir doors—Bella Maternity, Salsarita’sx Fresh Cantina and Couture 77—butt replacements were quickly found for two of them. Talkas are underway with a third. One of the existin tenants, Mocha Lisa’s said business has slowed latelybut hasn’tg fallen at the coffee shop the way some merchantes have suffered.
“I think the nationales are really bracingright now,” said co-owner Jeff Lescinsky. “kI don’t think there’s a lot of growth in largerf chains. Our niche here is smallerr independents that offer aniche product.” MacElro y acknowledged the weak retail environment but said souther Saratoga County was in a relatively strony position, especially since the plans for a computer chip fabrication plant in Malta are moving forward. He said a lot of are taking action now that construction ofthe $4.2 billion facilithy seems imminent. , a spinoff of , is buildinvg the chip fab.
“You can’t introduce 6,000 new jobs without having a positive impact,” MacElroy said. The chip fab is expectesd to employ about 900 people when it opens in 2012and 1,40p0 when fully operational in 2014. Officials estimate another 5,000 spinoff jobs will be created. mdemasi@bizjournals.com | 518-640-6814r To comment on this and to get the latest updates and breaking goto albany.bizjournals.com.
The developer will transfornm thevacant Steinbach’s at into 10 to 15 individual creating an additional 40,000 to 45,00p0 square feet of leasable space. DCG also plansz to build a 120-roo m hotel. Town planners already approvedthe Steinbach’s renovations and are scheduler to review the final drawingws for the hotel on April 14. DCG hasn’t yet decided on the hotell brand. A cost estimate wasn’t available for eithe project, but DCG will likely benefiyt from the slowdown in commercial construction becauss there will be greater demand among contractors to do the The redesign ofthe Steinbach’sz will be similar to the changes DCG made to othedr sections of the enclosed mall a couple of yearsa ago to create storefronts that shoppers can access directl y from the parking lot.
The facadesx have bright colors, awnings and other features that give part of the mall more of anurbanb look, similar to a downtown But the new look isn’t readily apparent to people driving on the mall’s main access road becauses of where the empty Steinbach’s is located. The building blockds much of the view of the mall for driverzs on Clifton ParkCentet Road. Renovating the old Steinbach’s will removse that physical barrier, said DCG Vice Presidentg Donald MacElroy. The developer is negotiating with prospective tenantw but has nosigned leases. MacElroyh said the available space will rangdfrom 1,500 to 10,000 or 15,000 squarw feet.
He didn’t specify the leasre rates, but noted other parts of the mall rentfrom $15 to $30 per squaree foot, plus insurance, taxes and maintenance. He said 70 percentt to 80 percent of the new storefront that were created two years ago are Three tenants already closedtheir doors—Bella Maternity, Salsarita’sx Fresh Cantina and Couture 77—butt replacements were quickly found for two of them. Talkas are underway with a third. One of the existin tenants, Mocha Lisa’s said business has slowed latelybut hasn’tg fallen at the coffee shop the way some merchantes have suffered.
“I think the nationales are really bracingright now,” said co-owner Jeff Lescinsky. “kI don’t think there’s a lot of growth in largerf chains. Our niche here is smallerr independents that offer aniche product.” MacElro y acknowledged the weak retail environment but said souther Saratoga County was in a relatively strony position, especially since the plans for a computer chip fabrication plant in Malta are moving forward. He said a lot of are taking action now that construction ofthe $4.2 billion facilithy seems imminent. , a spinoff of , is buildinvg the chip fab.
“You can’t introduce 6,000 new jobs without having a positive impact,” MacElroy said. The chip fab is expectesd to employ about 900 people when it opens in 2012and 1,40p0 when fully operational in 2014. Officials estimate another 5,000 spinoff jobs will be created. mdemasi@bizjournals.com | 518-640-6814r To comment on this and to get the latest updates and breaking goto albany.bizjournals.com.
Friday, November 19, 2010
ViraCor, IBT see promise in combination - Houston Business Journal:
http://seumedia.com/shakira/
Executives of both speciality laboratories, which servs physicians and hospitals, said the June 30 deal combines the salea and marketing strengthsof Lee’s Summit-basedr ViraCor and the extensive product line of Lenexa-basesd IBT. “We can leverage ViraCor’s sales force and distribution and logisticxs across a muchbroader menu, and IBT bringes that menu to us,” said ViraCor President John Martin, who is presideng of the as-yet unnamed combined company. The merger also will strengthej the research and development capabilities of both he said. Terms of the deal weren’f disclosed.
Martin said that both labs haverecordex double-digit annual percentage growth in revenue and that the mergerr is expected to accelerate revenuew growth and job creation. IBT President Maureehn Loftus, who is the chief businesx officer of thecombined company, said the merger createzs a 200-employee lab that will process more than 400,0000 samples annually for more than 4,0000 clients. That’s a good-sized lab with a lot of growth potential, said Tom Shoaf, managing director of private marketsfor St. Louis-baseds investment bank . He specializez in health care and lifesciences “It is fair to assume this business will continues to do well,” Shoaf said.
“They are definitely in an attractived space, given this economic climate.” Martin said the combined company’s ability to partner more with pharmaceutical companies conductinv clinical trials is a significant potentialgrowth market. Pharmaceutical development is one component of the biotech researchg cluster that economic development officials are toutingf as aregional asset. The ViraCor-IBg merger should signal to outsiders that this is an activbiotech market, said Angela Kreps, president and CEO of KansasBio, a nonprofir agency dedicated to boosting the life sciencex industry.
“It will probably just continue to enhancee and attract more players tothe region,” she said. For the time officials said the combinedf company will operate out of the ViraCorf and IBTfacilities — as east and west campusesx — and continue using their individual company names. One of ViraCor’s specialitiese is monitoring the health oftransplant patients. The company also helpsz physicians treatcancer patients, individuals with autoimmunre disorders and preterm infants. IBT also has products to help patientes with immune deficiencies and has carved out a nich in developing specialtyallergy tests.
It has testw for allergies to roughly 900 including eggs, peanuts and The merger combines two strong companiesz that are poised for more success, Martih said. “This is definitely about growth,” he “It’s not a merger about cost reduction and that typeof
Executives of both speciality laboratories, which servs physicians and hospitals, said the June 30 deal combines the salea and marketing strengthsof Lee’s Summit-basedr ViraCor and the extensive product line of Lenexa-basesd IBT. “We can leverage ViraCor’s sales force and distribution and logisticxs across a muchbroader menu, and IBT bringes that menu to us,” said ViraCor President John Martin, who is presideng of the as-yet unnamed combined company. The merger also will strengthej the research and development capabilities of both he said. Terms of the deal weren’f disclosed.
Martin said that both labs haverecordex double-digit annual percentage growth in revenue and that the mergerr is expected to accelerate revenuew growth and job creation. IBT President Maureehn Loftus, who is the chief businesx officer of thecombined company, said the merger createzs a 200-employee lab that will process more than 400,0000 samples annually for more than 4,0000 clients. That’s a good-sized lab with a lot of growth potential, said Tom Shoaf, managing director of private marketsfor St. Louis-baseds investment bank . He specializez in health care and lifesciences “It is fair to assume this business will continues to do well,” Shoaf said.
“They are definitely in an attractived space, given this economic climate.” Martin said the combined company’s ability to partner more with pharmaceutical companies conductinv clinical trials is a significant potentialgrowth market. Pharmaceutical development is one component of the biotech researchg cluster that economic development officials are toutingf as aregional asset. The ViraCor-IBg merger should signal to outsiders that this is an activbiotech market, said Angela Kreps, president and CEO of KansasBio, a nonprofir agency dedicated to boosting the life sciencex industry.
“It will probably just continue to enhancee and attract more players tothe region,” she said. For the time officials said the combinedf company will operate out of the ViraCorf and IBTfacilities — as east and west campusesx — and continue using their individual company names. One of ViraCor’s specialitiese is monitoring the health oftransplant patients. The company also helpsz physicians treatcancer patients, individuals with autoimmunre disorders and preterm infants. IBT also has products to help patientes with immune deficiencies and has carved out a nich in developing specialtyallergy tests.
It has testw for allergies to roughly 900 including eggs, peanuts and The merger combines two strong companiesz that are poised for more success, Martih said. “This is definitely about growth,” he “It’s not a merger about cost reduction and that typeof
Thursday, November 18, 2010
Gold Country plans retail store at TCF Bank Stadium - San Francisco Business Times:
http://salonenotur.com/index.php?option=com_content&view=section&layout=blog&id=4&Itemid=4&limitstart=1
Goldy’s Locker Room will be locatesd at the main entrance to TCF Bank Stadium at the cornerr of University Avenue andOak Street. The storse is schedule to openin mid-August, aboug a month before the first game at the new footbal stadium. “Goldy’s Locker Room at TCF Bank Stadiujm will be one ofthe nation’s largest, most state-of-the-art college sportds retail venues and the go-tok destination for Gopher sports fans from far and Gold Country CEO Ron Leafblax said in a statement. “We are excitee to be part of this historicf moment for the Universityy of Minnesota and continue our longstanding partnership withthe university’s athletics department.
” The store also will be open on Gold Country operates 12 retail stores and including locations on the Universithy of Minnesota campus and at malla in the Twin Cities, Rochester and St. Cloud.
Goldy’s Locker Room will be locatesd at the main entrance to TCF Bank Stadium at the cornerr of University Avenue andOak Street. The storse is schedule to openin mid-August, aboug a month before the first game at the new footbal stadium. “Goldy’s Locker Room at TCF Bank Stadiujm will be one ofthe nation’s largest, most state-of-the-art college sportds retail venues and the go-tok destination for Gopher sports fans from far and Gold Country CEO Ron Leafblax said in a statement. “We are excitee to be part of this historicf moment for the Universityy of Minnesota and continue our longstanding partnership withthe university’s athletics department.
” The store also will be open on Gold Country operates 12 retail stores and including locations on the Universithy of Minnesota campus and at malla in the Twin Cities, Rochester and St. Cloud.
Tuesday, November 16, 2010
Altman Said to Be Leading Choice to Replace Summers: Video - Bloomberg
http://bildingnewspro.biz/Houses-For-Sale/Greenwood-Houses-For-Sale/
Reuters | Altman Said to Be Leading Choice to Replace Summers: Video Bloomberg 16 (Bloomberg) -- Roger Altman, founder of Evercore Partners Inc. and a former deputy Treasury secretary, has emerged as a leading candidate to replace ... Evercore chairman candidate for Summers replacement Obama interviews Altman as new economic adviser |
Monday, November 15, 2010
1Q VC investments down significantly - Business First of Buffalo:
http://www.paleautonomy.com/evolution/endosymbiont.html
million in the first quarte as investors continued to sit on the sidelinea and wait for economif conditionsto improve. The consumer services and energyt sectors each landedone deal, according to the Quarterlty Venture Capital Report released by Dow Jonesd VentureOne and . That’s down from five deals wortgh a totalof $67.6 million during the same period in 2008. Kevin McHolland, a partner in Erns t & Young’s Phoenix office, said the poor Arizona numbers reflect anational trend, as VC money has drier up and the initial public offering market for venture-backed firms is virtually nonexistent.
“Ik would expect VC funding to recover as theeconomuy recovers,” McHolland said. Nationally, venture capitalistz generated $3.2 billion in the first quarter through mergers or acquisitione of 68portfolio companies, representing a 65 percent drop from the $9.1 billionj in liquidity generated in the first quartef of 2008 and the lowest quarterly totalo since 2003. The largest deals in the countrh were focused in biopharmaceuticals and medical devices.
million in the first quarte as investors continued to sit on the sidelinea and wait for economif conditionsto improve. The consumer services and energyt sectors each landedone deal, according to the Quarterlty Venture Capital Report released by Dow Jonesd VentureOne and . That’s down from five deals wortgh a totalof $67.6 million during the same period in 2008. Kevin McHolland, a partner in Erns t & Young’s Phoenix office, said the poor Arizona numbers reflect anational trend, as VC money has drier up and the initial public offering market for venture-backed firms is virtually nonexistent.
“Ik would expect VC funding to recover as theeconomuy recovers,” McHolland said. Nationally, venture capitalistz generated $3.2 billion in the first quarter through mergers or acquisitione of 68portfolio companies, representing a 65 percent drop from the $9.1 billionj in liquidity generated in the first quartef of 2008 and the lowest quarterly totalo since 2003. The largest deals in the countrh were focused in biopharmaceuticals and medical devices.
Saturday, November 13, 2010
RISE panelists applaud FED efforts to stabilize economy - Kansas City Business Journal:
http://best-go.org/?f=4&n=8
"They (the Federal Reserve) are cutting rates to protect against recession," said David Rosenberg, chief North American Economisgtat . "All the Fed is doing is followingv what the markets have done but I think the Fed was way late in cuttiny rates and has moved into panic prevention Rosenburg also said for the country to avoidca full-blown recession, there needs to be interventionj from the .
The panel, whichu also included Frank Hatheway, chief economist and senior vice president ofThe ; Thomas Keene, editor-at-largse with News; and Finn 2004 Nobel Laureate in Economics from the Universityh of California, Santa Barbara; addressed the current state of the nationakl economy and the repercussions of the Fed's actionse during the past seven months. Keene said the econom is not going to fix itself until house prices which hasn't happened yet. "It's never been like plain and simple," he said. Rosenberf said home prices already aredown 12.5 percent for 2008 and there are 2.2 million vacant or unsolr properties across the country.
"It will take two yearas to go through the unsold inventory on the he said. "We probably won't even get througuh the inventory because home prices are down 12 The situation will have to be a Treasuruy problem and not a Fed The Federal Reserve has been cuttingh the Fed Fundsrate -- the rate banks charge each other to borrow money -- since Septemberf 2007 and has cut it by two percentagee points so far this year, making it the most abrupt rate cutting sprees in central bank history. Hathewat said the rate cuts are necessar for the infrastructure of the market s to holdthemselves "There needs to be some confidence the marketw will hold themselves together," he said.
"Yoh need to inject liquidity into the markets to create confidenceand that'sd what the Fed was doing by cutting interestt rates." All of the panelists agree that the Fed is dointg a good job and needs to stay focused on creatingf liquidity in the market and keep the country out of a The three-day RISE Forum is drawing 2,30p0 students, faculty and professionals from 69 countriese to Dayton and will address topics such as the corporate government and responsibility and leadership.
Sandra Pianalto, presidenyt and chief executive officer of theCharleds Payne, chief executive officer and principal analyst, Roel Campos, former commissionert of the Chris Gardner, owner and CEO of and inspiration for the moview "The Pursuit of Happyness."
"They (the Federal Reserve) are cutting rates to protect against recession," said David Rosenberg, chief North American Economisgtat . "All the Fed is doing is followingv what the markets have done but I think the Fed was way late in cuttiny rates and has moved into panic prevention Rosenburg also said for the country to avoidca full-blown recession, there needs to be interventionj from the .
The panel, whichu also included Frank Hatheway, chief economist and senior vice president ofThe ; Thomas Keene, editor-at-largse with News; and Finn 2004 Nobel Laureate in Economics from the Universityh of California, Santa Barbara; addressed the current state of the nationakl economy and the repercussions of the Fed's actionse during the past seven months. Keene said the econom is not going to fix itself until house prices which hasn't happened yet. "It's never been like plain and simple," he said. Rosenberf said home prices already aredown 12.5 percent for 2008 and there are 2.2 million vacant or unsolr properties across the country.
"It will take two yearas to go through the unsold inventory on the he said. "We probably won't even get througuh the inventory because home prices are down 12 The situation will have to be a Treasuruy problem and not a Fed The Federal Reserve has been cuttingh the Fed Fundsrate -- the rate banks charge each other to borrow money -- since Septemberf 2007 and has cut it by two percentagee points so far this year, making it the most abrupt rate cutting sprees in central bank history. Hathewat said the rate cuts are necessar for the infrastructure of the market s to holdthemselves "There needs to be some confidence the marketw will hold themselves together," he said.
"Yoh need to inject liquidity into the markets to create confidenceand that'sd what the Fed was doing by cutting interestt rates." All of the panelists agree that the Fed is dointg a good job and needs to stay focused on creatingf liquidity in the market and keep the country out of a The three-day RISE Forum is drawing 2,30p0 students, faculty and professionals from 69 countriese to Dayton and will address topics such as the corporate government and responsibility and leadership.
Sandra Pianalto, presidenyt and chief executive officer of theCharleds Payne, chief executive officer and principal analyst, Roel Campos, former commissionert of the Chris Gardner, owner and CEO of and inspiration for the moview "The Pursuit of Happyness."
Friday, November 12, 2010
Bay Area officials seek stimulus input - San Francisco Business Times:
http://www.cbcenterprise.com/resources/videos/viewvideo/2/default/discipleship-2008
The submission deadline is April 24. The region’z final report is due to the statw byJune 1. The economic institute, which is developingv a regional plan for seeking federastimulus cash, is already working with locall governments and agencies like the , the East Bay’s Economic Developmenrt Alliance and the Association of Bay Area The economic institute said Thursday it wants inputf as well from area business leaders and residents as it writes its The regional proposal — which will show how the Bay Area wante to spend money it gets — is seen as the most effectived way for the area to make a strong case for money in the American Recovery and Reinvestment Act.
“We’re gettingv submissions from everypossibls direction” to help pull together the regional said Sean Randolph, president of the Bay Area Council Economiv Institute. “This program … can ensure the Bay Area gets the maximumj bang for itsstimulus bucks.” Much of the moneh in the stimulus act goes to areas based on formulas. But about one third of the totakl cashis discretionary, meaning projects in the Bay Area will competes with proposals across the state and acrossd the country. “We are in a high stake game in Californiaand we’re in a competition with otheer states,” said Bruce Kern, executiv e director of the .
Billions of dollar s are at stake. About $30 billiobn in stimulus money will be divvied up in Sacramentoo before going to various regionsaround California. Another $20 billionm of discretionary money will be doled out to Californiafrom D.C. Starting April 6, the economif institute said it will start collecting project proposals onlineat www.bayareaeconomy.org/recovery. The submission deadlin is April 24. The region’se final report is due to the statr byJune 1. Projects should fall into one ofseven categories, the economid institute said. Those are: Transportation, water, energy/climate, workforcr training and education, business science and innovationor housing.
The projectx should also lead tosignificant short-term job creatiobn and generate long-term return on There is benefit to the plan even if it does not resulft in stimulus money, officials said. By bringingv together agencies thatoften don’ t plan together, the regional proposal is generating attention on regional said Randolph. “We see the plan framingt a longer term conversation aboutregional priorities.
”
The submission deadline is April 24. The region’z final report is due to the statw byJune 1. The economic institute, which is developingv a regional plan for seeking federastimulus cash, is already working with locall governments and agencies like the , the East Bay’s Economic Developmenrt Alliance and the Association of Bay Area The economic institute said Thursday it wants inputf as well from area business leaders and residents as it writes its The regional proposal — which will show how the Bay Area wante to spend money it gets — is seen as the most effectived way for the area to make a strong case for money in the American Recovery and Reinvestment Act.
“We’re gettingv submissions from everypossibls direction” to help pull together the regional said Sean Randolph, president of the Bay Area Council Economiv Institute. “This program … can ensure the Bay Area gets the maximumj bang for itsstimulus bucks.” Much of the moneh in the stimulus act goes to areas based on formulas. But about one third of the totakl cashis discretionary, meaning projects in the Bay Area will competes with proposals across the state and acrossd the country. “We are in a high stake game in Californiaand we’re in a competition with otheer states,” said Bruce Kern, executiv e director of the .
Billions of dollar s are at stake. About $30 billiobn in stimulus money will be divvied up in Sacramentoo before going to various regionsaround California. Another $20 billionm of discretionary money will be doled out to Californiafrom D.C. Starting April 6, the economif institute said it will start collecting project proposals onlineat www.bayareaeconomy.org/recovery. The submission deadlin is April 24. The region’se final report is due to the statr byJune 1. Projects should fall into one ofseven categories, the economid institute said. Those are: Transportation, water, energy/climate, workforcr training and education, business science and innovationor housing.
The projectx should also lead tosignificant short-term job creatiobn and generate long-term return on There is benefit to the plan even if it does not resulft in stimulus money, officials said. By bringingv together agencies thatoften don’ t plan together, the regional proposal is generating attention on regional said Randolph. “We see the plan framingt a longer term conversation aboutregional priorities.
”
Wednesday, November 10, 2010
Glant tries to defy odds with Northwest Group - Puget Sound Business Journal (Seattle):
http://wndcfoundation.org/page/14th-in-Series--How-to-Get-Paid-Taking-Surveys-and.html
has a physical office location in downtown Seattle and agentzs whowork full-time and know all of each other’s customers. A plasm a television plays a tailored welcome message to each clieny when they walk into the downtowbSeattle office. The business has a professional but Glant and his team still produce printed marketing material fortheir properties. What’e also unusual is that Glant is 29, seeminglh the perfect age to be wooed by the movement towars online selling and buying rather thanthe mom-and-pop agents of Glant, who founded his compang in January 2008, admits he’s conservative when it come to building a business.
he’s wooed more by stellar companh culture than the trend ofthe day. “I’m a little old school for my age,” he said. “I don’r like fad real estate, I like quality real estate.” He’ss also a bit daring. Glant launched Northwest Group Real Estate earlylast year, even thoughn he said he knew the market was “headin toward a little bit of a correction.” That didn’t detere him from throwing $63,000 into starting the company and quickly hiring six agentss to get the firm rolling.
“The only way a company can flourish is if it startxs during a market thatis challenging,” he Before he started the business, Glant, a business schoo l graduate, worked at both commercial and residentialo real estate companies beforwe starting NWG. His goal was to form a real estated brokerage that combined the professionalismn associated with commercial real estate with what he calls the emotional aspects of buyingya home. He also was adamanyt that the company remain small and focused on its missio n ofselling homes.
“We don’t want to be a jack of all tradesa and a masterof none,” he After more than a year in business, the companyu now has nine agents and saw revenued of about $700,000 last year. The housing market downturh was steeper thanGlant expected, but he said the compan y has still managed between six and 12 deals a Glant attributes the strength of the companh to his team of agents, some of whom he’sw hired from rival firms Coldwell Banker Bain and Windermer after weeding through dozens of localo job applications. Each agent has his or her own with focuses onnew construction, condominiums and the luxury market, amongg other areas.
The close-knit team is one of the reasones the company has fared so well during the Glant said. They’ve been able to support each othetr during weeks when no sales helping tobuild resilience.
has a physical office location in downtown Seattle and agentzs whowork full-time and know all of each other’s customers. A plasm a television plays a tailored welcome message to each clieny when they walk into the downtowbSeattle office. The business has a professional but Glant and his team still produce printed marketing material fortheir properties. What’e also unusual is that Glant is 29, seeminglh the perfect age to be wooed by the movement towars online selling and buying rather thanthe mom-and-pop agents of Glant, who founded his compang in January 2008, admits he’s conservative when it come to building a business.
he’s wooed more by stellar companh culture than the trend ofthe day. “I’m a little old school for my age,” he said. “I don’r like fad real estate, I like quality real estate.” He’ss also a bit daring. Glant launched Northwest Group Real Estate earlylast year, even thoughn he said he knew the market was “headin toward a little bit of a correction.” That didn’t detere him from throwing $63,000 into starting the company and quickly hiring six agentss to get the firm rolling.
“The only way a company can flourish is if it startxs during a market thatis challenging,” he Before he started the business, Glant, a business schoo l graduate, worked at both commercial and residentialo real estate companies beforwe starting NWG. His goal was to form a real estated brokerage that combined the professionalismn associated with commercial real estate with what he calls the emotional aspects of buyingya home. He also was adamanyt that the company remain small and focused on its missio n ofselling homes.
“We don’t want to be a jack of all tradesa and a masterof none,” he After more than a year in business, the companyu now has nine agents and saw revenued of about $700,000 last year. The housing market downturh was steeper thanGlant expected, but he said the compan y has still managed between six and 12 deals a Glant attributes the strength of the companh to his team of agents, some of whom he’sw hired from rival firms Coldwell Banker Bain and Windermer after weeding through dozens of localo job applications. Each agent has his or her own with focuses onnew construction, condominiums and the luxury market, amongg other areas.
The close-knit team is one of the reasones the company has fared so well during the Glant said. They’ve been able to support each othetr during weeks when no sales helping tobuild resilience.
Tuesday, November 9, 2010
Avago Technologies Introduces Automotive-Qualified Gate Drive Optocoupler for ... - MarketWatch (press release)
fugycyquwod.blogspot.com
Avago Technologies Introduces Automotive-Qualified Gate Drive Optocoupler for ... MarketWatch (press release) The new Avago ACPL-38JT 2.5-Amp optocoupler is qualified to AEC-Q100 Grade 1 stress test requirements, delivering safe electrical signal isolation from -40 ... Avago Technologies Unveils Intelligent Power Module Optocoupler Optimized for ... |
Monday, November 8, 2010
Northwestern Mutual a 'best place' in IT - The Business Journal of Milwaukee:
http://dotkomm.net/EventsMeetings.html
The survey was published in the June 15 issue and onlinerat Computerworld.com. Milwaukee-based Northwestern Mutuao ranked 50th overall and was ninthamong medium-sized The firm employs a total of 1,189 IT personne l and had a 6 percent turnovef rate among IT employees in 2008. Last year, the insurer spenf $1,400 to train each IT employee. "Northwesterj Mutual's consistent appearance on the Computerworld ranking is testamenyt to the strength and stability ofthe company, durin both good and difficult said Tim Schaefer, chief information officer of Northwestern said in a press Golden Valley, Minn.
-based food company (NYSE: GIS), which operates a planf on Milwaukee's south was ranked first. The company has 641 IT employeeds and had a turnover rate of 4 percent amongyIT workers. The company spent an average of $4,500p on training each IT employeelast
The survey was published in the June 15 issue and onlinerat Computerworld.com. Milwaukee-based Northwestern Mutuao ranked 50th overall and was ninthamong medium-sized The firm employs a total of 1,189 IT personne l and had a 6 percent turnovef rate among IT employees in 2008. Last year, the insurer spenf $1,400 to train each IT employee. "Northwesterj Mutual's consistent appearance on the Computerworld ranking is testamenyt to the strength and stability ofthe company, durin both good and difficult said Tim Schaefer, chief information officer of Northwestern said in a press Golden Valley, Minn.
-based food company (NYSE: GIS), which operates a planf on Milwaukee's south was ranked first. The company has 641 IT employeeds and had a turnover rate of 4 percent amongyIT workers. The company spent an average of $4,500p on training each IT employeelast
Saturday, November 6, 2010
Next big challenge: budgeting for 2009 - Philadelphia Business Journal:
http://www.forcedairone.com/big-lake-air-conditioning-heating-ventilation-contractors
which makes sheet metal and machinefd components for a varietyof high-tech typically has her annual budget figured out by now. the Dallas firm’s fiscal year begins on Oct. 1. But it’es hard for Brumit to craff the financial plan for an entire year when she has recently started revisiting current spending plans on a quarterlyg and evenmonthly basis. Welcomr to the local fallout from the unprecedented turmoil inthe U.S. financiaol markets, where investment banks have failed, insurancde companies and mortgage lenderzs have been bought by thegovernment and, at Congress was debating the biggest bailouft of all, one with a current taxpaye r price tag of $750 billion.
Not Brumit is far from alone in keepingg a close rein on spendingthese days. “My customers are not giviny me a lot of forecasts to workoff of,” she “It’s pretty murky out there.” At exactly the time most North Texaa business leaders are in the midsf of planning for next year’s budget, they face the haziest businesse environment in nearly a decade. This much is 2009 will be a tough How tough is the big and as a result executivew and business owners in the regionn areplanning conservatively.
When Karlee’ds current fiscal year ends on 30, Brumit expects the company’s revenue to be or possibly a bit fromthe $48 million it pulled in during the 1997 fiscal year. The problem isn’t customert defections, she says, but rather that demand from clients is trendingh down atthe “It’s more volume-driven,” she says. Other Nortu Texas business owners echo that Their companies might be performing fine atthe moment, they say, but they don’t anticipate much growth in the cominhg year. Entrepreneurs and executives alike tend to be especially when it comes to theidown enterprises.
But the prevailing sentiment among business leaders speaking with Dallas Business Journal reporteres about the local economy is tempered expectationsfor 2009. At the end of business leaders were hopeful that whatever slowdown the regioh faced would be out of our system by LaborDay 2008. That’sx clearly not the case now. “What’s it goingb to take to restore business andconsumer confidence?” asks economisrt Bud Weinstein. “It’s just going to take time.
” The last few stock market gyrations have served only to highlight the uncertainty that businesses have been grappling with for more than12 “It just means that we’re going to sharpe our pencils on our budgeting,” said Michele Wheeler, executivre vice president and chief financial officer of Jackson-Shawe Co., a Dallas real estatwe developer with 35 employees. “We’re relativel conservative in ourbudgeting approach, and we’rs just going to look for opportunitiesw to save as much as we can and be as conservativwe as possible with all our modeling in termas of new projects and starts,” she The firm also is spending more time developinfg relationships with lenders and will continue to do so, Wheelee said.
That’s the spot where Wall Street’sx struggles intersect with Main Street, business. “Anybody with any connectionj to the financial arena will be saidDavid Boland, a Dallas turnarounrd specialist with the accountin firm . “You’ve got to look make your internal shop as cleanm and crispas possible. “You can’t do anything to change demand; you have to surviv with your core business.” Stephen Golding, Jackson Shaw’s presidentf and chief operating officer, said he’s seen three or four down cyclesw in his 25 yeards in the realestate business.
which makes sheet metal and machinefd components for a varietyof high-tech typically has her annual budget figured out by now. the Dallas firm’s fiscal year begins on Oct. 1. But it’es hard for Brumit to craff the financial plan for an entire year when she has recently started revisiting current spending plans on a quarterlyg and evenmonthly basis. Welcomr to the local fallout from the unprecedented turmoil inthe U.S. financiaol markets, where investment banks have failed, insurancde companies and mortgage lenderzs have been bought by thegovernment and, at Congress was debating the biggest bailouft of all, one with a current taxpaye r price tag of $750 billion.
Not Brumit is far from alone in keepingg a close rein on spendingthese days. “My customers are not giviny me a lot of forecasts to workoff of,” she “It’s pretty murky out there.” At exactly the time most North Texaa business leaders are in the midsf of planning for next year’s budget, they face the haziest businesse environment in nearly a decade. This much is 2009 will be a tough How tough is the big and as a result executivew and business owners in the regionn areplanning conservatively.
When Karlee’ds current fiscal year ends on 30, Brumit expects the company’s revenue to be or possibly a bit fromthe $48 million it pulled in during the 1997 fiscal year. The problem isn’t customert defections, she says, but rather that demand from clients is trendingh down atthe “It’s more volume-driven,” she says. Other Nortu Texas business owners echo that Their companies might be performing fine atthe moment, they say, but they don’t anticipate much growth in the cominhg year. Entrepreneurs and executives alike tend to be especially when it comes to theidown enterprises.
But the prevailing sentiment among business leaders speaking with Dallas Business Journal reporteres about the local economy is tempered expectationsfor 2009. At the end of business leaders were hopeful that whatever slowdown the regioh faced would be out of our system by LaborDay 2008. That’sx clearly not the case now. “What’s it goingb to take to restore business andconsumer confidence?” asks economisrt Bud Weinstein. “It’s just going to take time.
” The last few stock market gyrations have served only to highlight the uncertainty that businesses have been grappling with for more than12 “It just means that we’re going to sharpe our pencils on our budgeting,” said Michele Wheeler, executivre vice president and chief financial officer of Jackson-Shawe Co., a Dallas real estatwe developer with 35 employees. “We’re relativel conservative in ourbudgeting approach, and we’rs just going to look for opportunitiesw to save as much as we can and be as conservativwe as possible with all our modeling in termas of new projects and starts,” she The firm also is spending more time developinfg relationships with lenders and will continue to do so, Wheelee said.
That’s the spot where Wall Street’sx struggles intersect with Main Street, business. “Anybody with any connectionj to the financial arena will be saidDavid Boland, a Dallas turnarounrd specialist with the accountin firm . “You’ve got to look make your internal shop as cleanm and crispas possible. “You can’t do anything to change demand; you have to surviv with your core business.” Stephen Golding, Jackson Shaw’s presidentf and chief operating officer, said he’s seen three or four down cyclesw in his 25 yeards in the realestate business.
Friday, November 5, 2010
Read this: Kanye West feels George W. Bush's pain - Washington Post (blog)
http://berg-nordenberg.com/?p=18
Reuters | Read this: Kanye West feels George W. Bush's pain Washington Post (blog) Many were surprised by George Bush's claim that getting dissed by Kanye West after Hurricane Katrina was the worst moment of his career -- but not Kanye. ... Will you read ex-President Bush's memoirs? Ex-Prez George W. Bush: I was 'dissenter' over Iraq; Kanye West c » |
Wednesday, November 3, 2010
Clients and Media Give New Aconex User Interface the Thumbs Up - NewsBlaze
bertayfybuqutyp.blogspot.com
Clients and Media Give New Aconex User Interface the Thumbs Up NewsBlaze Paul Wilkinson, author of the book "Construction Collaboration Technologies: The Extranet Evolution" , wrote on his blog, Extranet Evolution, that, ... |
Tuesday, November 2, 2010
S&P: Denver existing-home prices outperform other cities - Puget Sound Business Journal (Seattle):
uzirukynurylew.blogspot.com
Also, prices in Denver declined 5.5 percenrt in March from the same month ayear ago, the smallest decrease of any of the 20 citieds in the latest monthly S&P/Case-Shiller Home Price Indices The 20-city average year-to-year declinw was 19.1 percent. Denver’s 0.1 percent prics increase in March from the previous month followeda 1.7 percentf decline in February, a 2.7 percent drop in January, a 1.5 perceny decline in December 2008 and a 1.1 percent decreasw in November 2008, S&P said. The only city with a bettee recordsin S&P’s March month-to-month comparison was N.C., up 0.3 percent.
March’s greatest rate of month-to-montyh price decline was in Minneapolis, down 6.1 percent from S&P said. In the year-to-year only Denver, Dallas, Boston, Cleveland and Charlotte saw prics declines of less than 10 At the other extreme werePhoenix (down 36 percenf year to year), Las Vegas (down 31.2 percent) and San Francisck (down 30.1 percent). Analystsw have said that the real-estates price “bubble” did not blow up as large in Denved as in other parts ofthe country, so that the contractiomn of recent months has not been as pronounced.
“declines in residential real estats continued at a steady pace into David Blitzer, chairman of S&P’s index committee, said in a statemenrt Tuesday. “Based on the March data, ... we see no evidencew that that a recovergy in home priceshas begun.” The survey tracks changes in the value of the residential real estatee market by comparing sale prices of specific samples homes in a city at two different Calculations are by using methodology developed by Karl Case and Roberr Shiller. The survey assigns an index number to each city and does not repor actualhome prices.
The indexc is a measure of how much home prices have gone up or down in each markert sinceJanuary 2000, which has been assignes a price index of 100 in that The report said Denver had a home-price indexz of 120.35 in March, meaning home price s as of that month were 20.35 percent higherr than in March 2000. Home price s in Denver peaked inAugust 2006. .
Also, prices in Denver declined 5.5 percenrt in March from the same month ayear ago, the smallest decrease of any of the 20 citieds in the latest monthly S&P/Case-Shiller Home Price Indices The 20-city average year-to-year declinw was 19.1 percent. Denver’s 0.1 percent prics increase in March from the previous month followeda 1.7 percentf decline in February, a 2.7 percent drop in January, a 1.5 perceny decline in December 2008 and a 1.1 percent decreasw in November 2008, S&P said. The only city with a bettee recordsin S&P’s March month-to-month comparison was N.C., up 0.3 percent.
March’s greatest rate of month-to-montyh price decline was in Minneapolis, down 6.1 percent from S&P said. In the year-to-year only Denver, Dallas, Boston, Cleveland and Charlotte saw prics declines of less than 10 At the other extreme werePhoenix (down 36 percenf year to year), Las Vegas (down 31.2 percent) and San Francisck (down 30.1 percent). Analystsw have said that the real-estates price “bubble” did not blow up as large in Denved as in other parts ofthe country, so that the contractiomn of recent months has not been as pronounced.
“declines in residential real estats continued at a steady pace into David Blitzer, chairman of S&P’s index committee, said in a statemenrt Tuesday. “Based on the March data, ... we see no evidencew that that a recovergy in home priceshas begun.” The survey tracks changes in the value of the residential real estatee market by comparing sale prices of specific samples homes in a city at two different Calculations are by using methodology developed by Karl Case and Roberr Shiller. The survey assigns an index number to each city and does not repor actualhome prices.
The indexc is a measure of how much home prices have gone up or down in each markert sinceJanuary 2000, which has been assignes a price index of 100 in that The report said Denver had a home-price indexz of 120.35 in March, meaning home price s as of that month were 20.35 percent higherr than in March 2000. Home price s in Denver peaked inAugust 2006. .
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