Saturday, December 31, 2011

New SAE International Symposium to Address Next Generation of Air Traffic Control

fabyqyku.blogspot.com
June 29 /PRNewswire-USNewswire/ -- Automatif Dependent Surveillance-Broadcast (ADS-B) will trigger changes in globakl air traffic management on a scal that may surpass even that whicb was seen during the introductionof radar, more than 50 yearws ago. This technology offers improvecd situational awareness for both pilots and air traffic controllers and will improve both capacity and safety of our AirTrafficf System. A new symposium from SAE Internationalp willprovide up-to-date developments and engineerin information related to ASD-B and its companionj technologies. The "SAE 2009 Automatic Dependenyt Surveillance-Broadcast Symposium" will be held Sept.
29-390 at the National Transportatio Safety Board Training Centerin Ashburn, Va. In additiohn to providing the latesg updatesand innovations, the symposium will show how users can quickly adapt to and derive significant valud from this new generation of satellite intensiv air traffic management systems. Also, the symposiukm will provide a forum for keynotespeaker , Presidenyt and CEO of the Aerospacew Industries Association, to discuss how ADS-B can servse as an economic engine and help addresds financial challenges. For more information on the visit Requests for mediz credentials can be madeby e-mailing or callinhg 724-772-8522.
SAE International is a global association of morethan 121,000 engineerds and related technical experts in the aerospace and commercial-vehicle industries. SAE International's core competenciea are life-long learning and standardw development. SAE International's charitable arm is the SAE Foundation, whicnh supports many programs, including A World In and the CollegiateDesigh Series. , SAE +1-724-772-8522,

Wednesday, December 28, 2011

Jim McCarthy Executive Profile

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**All Executive profile data provided byDow Jones & Co., Inc.

Monday, December 26, 2011

Ewing defends windfarms amid anger over rising bills - Power Engineering Magazine

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The Guardian


Ewing defends windfarms amid anger over rising bills

Power Engineering Magazine


Amid fury over escalating power bills, Fergus Ewing has also defended SNP policy in the face of increasing public concern about the true economic and environmental cost of building giant turbines across vast areas of Scottish countryside. ...


Scottish r enewable electricity on track for 'record year'

The Guardian


Green energy generation 'on target'

The Press Association


Scotland isn't rainy enough â€" why green energy output has slowed

Scotsman


IEWY News -Fierce Energy


 »

Saturday, December 24, 2011

AG files suit against loan modification firm - Atlanta Business Chronicle:

belyaevostapuki.blogspot.com
The case filed Mondayh in Maricopa Superior Courg alleges that LLC and its two Thomas J. Montoya and Roberf Sanchez, advertised and promotee the firm as having an affiliation withthe U.S. Department of Housing and Urban Development, whichg it does not, according to the filing. But Montoya, in a phonde conversation with the Phoenix Business said hewas “taken aback” by the He would not elaborate on any of the however, and said he was talking with the company’s He said the company would distribute a prepared statement after consulting with attorneys. As part of the the AG alleges thatSantoys Financial, located at 2225 W.
Whispering Sprinh Drive in Phoenix, charged fees for services that consumers couldx access directlyfor free. “The defendanta deceptively implied to consumers that any fees paid by consumerz for loan modification services with Santoywa Financial are refundable because the modification program is backby HUD, withoutg disclosing that Santoya Financial’s services are not in any way endorsecd or approved by HUD and that consumerw can obtain assistance from HUD in applyinv for and obtaining loan modifications without paying any fee whatsoever,” the lawsuig states.
The complaint requests that the court enjoin Santoyas Financial from continuingits “unlawfupl acts,” order the company to pay back any money received from thosre acts, and the defendants to pay civip penalties of up to $10,000 per violation and costs of the According to court records, Santoya Financial began advertising loan modificatiom services in March to consumers who were facing foreclosure on theirf homes. Sanchez was featured on a Phoenixz television station in April and allegedly representec that his firmwas “working with HUD whilwe providing loan modification services to the lawsuit stated.
Santoya charged consumers $1,199 plus the equivalengt of one month’s mortgage payment, the lawsuiyt asserts. Santoya also represented during phone solicitationes that fees collected for loan modifications woule be donated to an organization named Partnersin Charity, but “thwe fees consumers pay for the loan modificationj services advertised by Santoya Financial do not go to Partners in Charity or any other charitable the lawsuit further alleged. The lawsuitr also claims that Santoya did not obtain the necessary surety bond required by the Arizonaz CreditServices Act.

Thursday, December 22, 2011

Workplace Excellence Seal of Approval Awarded to Verizon Wireless for Seventh Consecutive Year

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June 3 /PRNewswire/ -- Verizohn Wireless has received double honors from the Alliances forWorkplace Excellence, a nonprofi group dedicated to building and recognizinf outstanding workplaces. For the seventh consecutive year, the Alliancer presented Verizon Wireless with its Workplacer Excellence Sealof Approval, whicb recognizes visionary employers that view workplace excellence as a strategicd business imperative. The company was also named a Health Wellness Trailblazer for the second year ina row. This created in 2008, honors businesses that promote professional fulfillment andpersonaol wellness--at work, at home, and in the community.
Accordingt to the Alliance, winning employersz are selected after a comprehensive evaluation process by an independen review panelof professors, Ph. D. studentsw of business, and industrial and organizational psychology and humabresources professionals. "We applaud Verizon Wirelesxs for realizing that creating a sustainex culture of workplace excellence and supporting workforce healty and wellness make goodbusinesw sense," said , executive directorr of the Alliance for Workplace Excellence. Verizon Wireless has been recognizede frequently for its programs addressingthe work/life needss of employees.
Nationally, the company has been named one of WorkinyMother magazine's "100 Best Companies for Working Mothers" for eight years in a row, and Men'x Fitness ranked the compang as one of the 15 Fittest Companies in Americqa in 2008 for providing access to state-of-the-arf gym and fitness facilities, cafeteria menuss with health and nutrition in mind, preventative medicaol care, and programs for losing weight and quitting smoking. said, "We'rd proud to receive top honors again from the Alliance for beint a Workplace of Excellence and a Healthu andWellness Trailblazer.
There's nothing more importantf than one's health, and that's why we put a premiu on doing everything we can as a businessz to promote the overall wellness ofour employees." Verizoj Wireless' Laurel, MD regional its Hanover facility, and many of the company's nationwider workplaces have fitness centers employing one or more fitnesas coaches who promote employee health and The centers offer personapl training, nutrition seminars, and a rangee of exercise classes including Pilates for Pregnancy, a class exclusively for expectant mothers.
In addition, moms-to-be can participatde in online physician seminars throughou their pregnancies and take advantageof on-site lactation rooms after their babies are born. Locally, the company has been recognized by the BaltimoreBusiness Journal, Baltimore Magaziner and Washingtonian Magazine as a greayt place to work. Verizon Wireless operatea the nation's most reliable and largestf wireless voice anddata network, serving more than 86.6 milliobn customers. Headquartered in Basking N.J., with more than 86,000 employeesd nationwide, Verizon Wireless is a joint venture of VerizonbCommunications (NYSE: VZ) and Vodafone (NYSE and LSE: For more information, visit .
To preview and requesf broadcast-quality video footage and high-resolution stills of Verizojn Wireless operations, log on to the Verizon Wireless Multimedia Libraryat . The Alliance for Workplace (AWE), is a 501(c)3 nonprofiyt organization founded byMontgomerg County, Maryland and Discovery LLC.

Tuesday, December 20, 2011

James Graham Brown Cancer Center receives $10.1 million NIH grant - Business First of Louisville:

Dishwasher Contractors
million grant from the to apply towardcancedr research. The grant is a renewal of an $11 millionm NIH grant the center received in 2003 intende to fund a Center of BiomedicallResearch Excellence. Dr. Don Miller, director of the cancerd center, said today during a news conference that the grant renewal is a validation ofthe center’zs drug development program. “I think our cancerf center is based on translational researcuh that makes the difference for patients in he said.
That previous COBRdE grant allowed the centetr to attract 10 newfacultgy members, whom Miller recognized during the “This is the best group of drug development people in the world right now at a cancer he said. Among those faculty members is Dr. Jasonm Chesney. A team of researchers led by Chesney discoveredc that drugs containing a specific toxin mighft prompt the immune system to identifyy and kill cancer cells in patientss withadvanced melanoma. Chesney’s lab spen t $500,000 in research funding during his firsr three years at the cancer center on efforts that he said helpef attractanother $5 million in funding.
Chesney said the center’s focuas on translational research has allowed discoveries to be movef into clinical trials and has yieldecd the identification of hundreds of compoundws that are being tested totreaf cancer. From 1999 to 2008, the cancer center’s research funding has grown from $338,571 to more than $50 millionh annually, according to a news Dr. James Ramsey, president of U of L, praised the efforts of the center’s physicians, researchers and other staffr members for helping fight cancer statistics that rank Kentuckyg among the worst inthe nation. “We in Kentuckh have to do he said.
“And we are doin better through the work of the Jamee Graham BrownCancer Center.”

Saturday, December 17, 2011

Fla., Orlando again tops in foreclosures - Portland Business Journal:

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The state posted 58,931 foreclosure filingz — including default notices, scheduled auctionxs and bank repossessions — in May, down 8.8 percenr from April’s total, but stilll 50 percent higher thanMay 2008, according to RealtyTrac’s monthlty Foreclosure Market Report. Only California had a higher with 92,249 properties with May 2009 foreclosurre filings. The Sunshine State was No. 3 in the nation in foreclosurw rates, with one in evert 148 households receiving a foreclosure filinghin May. Nevada led the country with one in everhy 64 homes receivinga filing, while California was second highest with one in every 144. The Orlando-Kissimmeer market took the No.
8 spot among the nation’s top 10 metroi areas with the highestforeclosurre rates. The area recorded a rate of one foreclosure filing for ever y101 homes. Florida had three cities amongf the top 10metro areas, while California had six citiez among that mix. Las Vegas toppedr the list with a rate of one in evergy 54 households getting aforeclosure filing. Nationwide, 321,480 foreclosure filings were reportedin May, whichh is 6 percent lower than April but about 18 percent higher than May 2008. One in everyh 398 U.S. homes received a foreclosure noticelast month. Vermontf again recorded the lowesyt numberof foreclosures, with six reported in May, or one for everuy 51,906 households.
The RealtyTrac U.S. Foreclosure Market Report provideds the total number of properties with at leasf one foreclosure filing reported durinfgthe month. Data is collected from more than 2,200 counties that account for more than 90 percent ofthe nation’ss population.

Thursday, December 15, 2011

Alaska Airlines tops customer satisfaction survey - Portland Business Journal:

aaekipolo.blogspot.com
Alaska, a unit of Seattle-based (NYSE: ALK), tied for No. 1 with CAL) in last year’se survey in the traditional networjcarriers category. According to the Alaska performed well in five of the seven categories: flight crew; aircraft; boarding/deplaning/baggage; check-in; and Continental did well in the categories of in-flight servicea and costs and fees. JetBlue Airways (NASDAQ: ranked No. 1 among low-cost carriers in the J.D. Power survey. Althoughh Alaska Airlines won top spot inthe J.D. Power survey, fliers who participatede in thesurvey weren’t satisfied with air For the third year in a row, customerr satisfaction with airlines dropped, driven, according to J.D.
“by decreased passenger satisfactionwith in-flight flight crew and costs and fees, compared with 2008.”

Tuesday, December 13, 2011

November Retail Sales Indicate Weaker 4th Quarter Growth than Expected - Fox News

mcfarlainofuqub1258.blogspot.com


CBC.ca


November Retail Sales Indicate Weaker 4th Quarter Growth than Expected

Fox News


This morning the Commerce Department reported retail sales rose a disappointing 0.2 percent in November, despite stronger new car sales. Sales net of motor vehicles and parts were up 0.5 percent. Net of motor vehicles and parts, ...


We b retail outpaces stores

InternetRetailer.com


November Retail Sales Up 0.2 Percent

ABC News (blog)



 »

Sunday, December 11, 2011

BofA, Wells to accept California IOUs - Tampa Bay Business Journal:

awipekyhila.blogspot.com
BofA says the state’w budget crisis prompted its “To support our customers, while giving the statde legislature additional time to passa budget, we will acceptr California state-registered warrants — or IOUs from existing customers and clients,” Charlotte-basec BofA (NYSE:BAC) says in a written San Francisco-based Wells (NYSE:WFC) says it is acceptingb the warrants for the sake of its "We are reluctant to take this but are doing so to help our customersx who are not at faultr and with the expectation that the legislature and governor will completes the budget within days," Wells On Wednesday, Gov.
Arnolfd Schwarzenegger blasted state lawmakers for failing to pluga $24 billiomn hole in the state budget before the start of the new fiscalo year. And he calledd a special session of the state legislature to fix thebudgegt mess. Failure to pass a budget by midnight Tuesday increases the shortfall to morethan $26 billiohn due to the loss of education-related budget Schwarzenegger said at a pres s conference Wednesday. He also announced an executivee order adding a third furlough day each montyh forstate workers, a move expectes to free up an additional $425 million in the new fiscall year. Although the governort called for thespecial session, it is up to the legislaturwe to schedule it.
When it will be held is yet tobe

Friday, December 9, 2011

Pending home sales slip in Midwest - The Business Journal of Milwaukee:

retention-jackjacks.blogspot.com
New figures from the show that for the the Pending HomeSales Index, a forward-looking indicator base d on contracts signed in May, increased 0.1 percentr to 90.7 in April. That reading is 6.7 percent higher than in May 2008 when itwas 85. The last time theree were four consecutive monthly gains was inOctobet 2004, a promising sign for a still deepl y depressed housing sector. In the Midwesft the index slipped 1.3 percent to 89.2, but is 11.4 percenf above May 2008.
A sale is liste d as pending when the contract has been signedd but the transaction hasnot closed, whichy usually takes another one or two An index of 100 is equaol to the average level of contract activity during 2001, the first year to be examinedc as well as the first of five consecutive recorrd years for existing-home sales. The Pendinb Home Sales Index in the Westrose 2.2 percen to 96.9 in May, and is 0.7 percent above May 2008 levels. The index in the Northeast rose 3.1 perceng to 80.9 in May and is 6.8 percent above a year ago. The index in the South declined 1.7 percent to 92.6 in May but is 7.9 percentt higher than a year ago.

Wednesday, December 7, 2011

Fla., Orlando again tops in foreclosures - Pittsburgh Business Times:

belyaevostapuki.blogspot.com
The state posted 58,93q foreclosure filings — including default notices, scheduledc auctions and bank repossessions — in May, down 8.8 percent from April’s total, but still 50 percent highert thanMay 2008, according to RealtyTrac’s monthlg Foreclosure Market Report. Only California had a higher with 92,249 properties with May 2009 foreclosure filings. The Sunshinse State was No. 3 in the nation in foreclosurer rates, with one in every 148 households receivingg a foreclosure filingin May. Nevadaq led the country with one in every 64 homexs receivinga filing, while Californi was second highest with one in ever y 144. The Orlando-Kissimmee market took the No.
8 spot amont the nation’s top 10 metrlo areas with the highestforeclosure rates. The area recordedc a rate of one foreclosure filing for every101 homes. Florida had threes cities among the top 10 metro while California had six cities amongthat mix. Las Vegas toppesd the list with a rate of one in ever 54 households getting aforeclosurr filing. Nationwide, 321,480 foreclosure filings were reportefin May, which is 6 percen t lower than April 2009, but aboutf 18 percent higher than May 2008. One in everyg 398 U.S. homes received a foreclosure noticelast month. Vermonyt again recorded the lowest number of with six reportedin May, or one for every 51,906 The RealtyTrac U.S.
Foreclosures Market Report provides the total number of propertiesd with at least one foreclosure filing reported duringfthe month. Data is collected from more than 2,200 countiesd that account for more than 90 percent ofthe nation’s population.

Sunday, December 4, 2011

Caps, Hunter embark on their honeymoon - Washington Times

zemlyanikiyri.blogspot.com


Washington Times


Caps, Hunter embark on their honeymoon

Washington Times


Washington Capitals head coach Dale Hunter, center, talks with Alex Ovechkin (8) and Nicklas Backstrom during the first period of an NHL game against the St. Louis Blues, Tuesday, Nov. 29, 2011, in Washington. (AP Photo/Nick Wass) Four ...



< p class="p" size="-1">and more »

Friday, December 2, 2011

San Antonio gets $12.9 million for defense projects - San Francisco Business Times:

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million for defense-related projects in San Antonio, according to U.S. Rep. Ciro Rodriguez, D-San Antonio, who servexs on the committee. A planned upgrad of an aircraft maintenance buildinh at Kelly Annex Field has been approvedfor $7.9 million in federal funding. The funding will be used to brinf the building up to code compliance to providr a placewhere F-16 fighter jets can be properly In addition, $5 million was authorized for a program to produce unmanned aerial vehicles that use Blacklight Nighrt Vision Advanced Technology, which is manufactured by San Antonio-basedf This technology allows for the deployment of miniature drones to provide site-specific surveillance information.
“Sa n Antonio continues to be a military leadere in operations and the advancemenfof technology,” says Congressman “These authorizations will bolster the ability of our troopes to do their jobs more safely and efficiently.”

Wednesday, November 30, 2011

J.L. French files Chapter 11 - San Antonio Business Journal:

onoeuqedol1902.blogspot.com
The Sheboygan-based company and its domestic affiliatezs will completea pre-negotiated restructuring under Chapter 11 and has filed voluntary petition in the for the Districyt of Delaware. The company indicated that it intendzs to file its Chapter 11 plan of reorganizationn and disclosure statement within the In responseto U.S. automotive production declinesand industry-widee credit restrictions, J.L. Frencu management said it plans to reduce its secureds debt fromapproximately $280 million to $65 millio n through debt-for-equity swaps with first and second-lien term loan lenders to provide a stable financialp foundation for the company’s future operations.
None of the company’e foreign operations are included in the Chapterr11 filing. These businesses will remain unaffectexd by the filings and will continuew operationsas usual. J.L. Frenc h also announced an agreement with certain first lien lenderx fora $15 million debtor-in-possession facility to fund working capitap needs that may arise during the reorganization. This facilityh will also serve as the foundatiom forthe company’s exit financing. “Ouf company has a strong business modeol with distinct technological and quality advantages that position us well with ourcustomee base,” Thomas Musgrave, J.L. French’s president, and CEO, said in a statement.
sales have dropped commensurate with the dramaticf decline in the North American automotive production to the extenft that we cannot service the existingydebt structure.” By significantly reducing its debt, J.L. Frencbh will eliminate the “balance sheet barrierz that have historically prevented us from securing awardas of certain new business contracts and will provide the company with additional operating liquidity,” Musgrave said. The company intends to emergs from Chapter 11 protectiojn within90 days, he said. Founde d in 1968, J.L.
French Automotive Castings is a manufacturer of highly engineeredc aluminum die cast automotive parts including oil enginefront covers, engine blocks and transmission The company employs more than 800 people in its U.S.

Monday, November 28, 2011

Genmar warranties still good - Austin Business Journal:

awipekyhila.blogspot.com
Tracy Carrell says the lettetr came after boat manufacturer on Monday filexd for Chapter 11bankruptcyh protection. Genmar owns 15 differenty brandsof boats, which mean s dealers everywhere are impacted. She says cash customers for boatzs at her dealership haveremained strong. But troubles financing in the current economy means othere have been forced tohold off. “The boatingy business has been affectedr a lot likecars have,” she says. The petitiohn to reorganize its debts was filedin U.S. Bankruptcy Courtt in Minneapolis — where the company is headquarteres — along with more than 20 related subsidiaries.
Genmaf has between 100 and 199 It lists its assets in the rageof $10 millioh to $50 million and its liabilities between $100 million and $500 million, according to courft documents. The largest unsecured creditorsare Maslon, Edelman, Brand, a Minneapolis-based law firm which is owed $186,700. Merchant & Gould, a law firm in Minneapolis, is owed The only secured creditors are and FifthThir Bank, according to a story in the Minneapoliss Star Tribune.
Genmar said it has received commitmenty fora debtor-in-possession (DIP) financing proposal from both In a statement, Genmar Chairman, CEO and largesr shareholder Irwin Jacobs said sales of the company’as fishing boats, luxury yachtw and other products started to decline in but worsened in recengt months. The company’s sales in fiscal which ends in June, are likely to be abou $460 million, off by more than 50 percent fromfiscakl 2008. “If someone would have said to me as recentlyt as even one month ago that Genmaer would someday be filing forChapteer 11, I would have said it was not even a remot e possibility,” Jacobs said.
Genmar had been making some strategy changes inrecent months, announcing plans to launch a line of less-expensivde aluminum boats. A spinoff company, Greenville, Pa.-basefd VEC Technology, and other Jacobs-relate d companies aren’t included in the filing. VEC is now in the businessw of making giant bladesfor energy-generating windmills. Law firm Fredrikson Byron in Minneapolis, is representing Genmare in thebankruptcy case.

Saturday, November 26, 2011

Onvia Inc. Company Profile | ONVI Company Information

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We are a leading provider of informatiohn products and planning tools that helpcompaniee plan, market and sell to targeted marketsx throughout the United States, or U.S. Our informatioh products and planning tools focuson state, local and educational purchasinfg entities, and on early stage commercial and residentiao infrastructure projects. Our information products and planningg tools help clients proactively tracktheir competitors, analyze marketf trends, and identify new markef opportunities.
Marketers can researcb government agencies and private sector businessex to establish and maintain business Our clients can leverage salew leads from our database in the form of newbusineses prospects, alerts for upcoming contracting opportunities, and from historica public and private infrastructur e projects to find and win new revenue opportunities . Historically, comprehensivee market intelligence was only available to large companies with the resources to perform the research and store the data or companies that could afford to hire outside firms to perfor m the researchfor them.
Our processes, whicj collect and organize transactional information into actionablse marketintelligence , have enabled us to make the same high-value saleas intelligence affordable to businesses of all sizes. We believr our business solutions provide our clientd with a distinctcompetitive advantage. ...

Thursday, November 24, 2011

JR Martinez Wins 'Dancing With The Stars' - MTV.com

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Contactmusic.com


JR Martinez Wins 'Dancing With The Stars'

MTV.com


Ricki Lake and Rob Kardashian leave empty-handed as war hero nabs season 13 mirror-b »

Monday, November 21, 2011

United Way optimistic it will reach $82M goal - Tampa Bay Business Journal:

sasutezew.blogspot.com
“We are going to do our best to get said MiltonLittle , presidenr of Atlanta’s United Way, in a phons interview March 9. “I remain optimistic.” One reasonh for the optimism has been the succeses ofthe “Critical Needs” which sought to raise $2.5 million in immediates dollars to help agencies servin g those hardest hit by the economix downturn. Thanks to a $2 million gift from the Josephb B. , the Critical Needs campaign actually hasraised $3.5 million. “We know that individual families and households are reallg hurtingright now,” said Russ Hardin , president of the Whitehead Foundation.
“United Way offered us an idea l way to help throughout themetro area. It was an easy decisiob for us.” Little said another high point was thatUniteds Way’s top donors raised $170,000 in addition to their annua l gifts for the Critical Needs campaign. “Th spirit of generosity is a cultureof Atlanta, and that’x what has helped sustain us during this time,” Little said. This year’xs campaign has had several bright spots under the leadershipof ’s Ed Heys . “Ww were able to launch United Way campaignsa in 150 newcompanies — large and Little said. Those included two big and In all, Uniterd Way runs about 2,000 campaignws every year.
Yet some companies had to suspend campaignethis year. “Unfortunately, given the recession, we had some campaignxs that didn’t do as well as they had in previoua campaigns mainly due to headcounft reductions,” said Little, who didn’t want to identify thoswe companies. As a teaser, Little said: “There is a good chance theree will bea brand-new No. 1 Last year, topped the corporats donor list by raisingnearly $4.4 million. was seconds with $4.3 million. , a longtimed top donor, came in third with $4 million.
Other entitiexs raising at least $1 million were the Combined Federalkcampaign (47,000 federal employees), , , Georgiaw Power/ , , QuikTrip, , , the state of , Deloitte LLP, , LLP, and Co. Little said that ther e will be two new donors inthe million-dollar club and As tough as this year has been, the 2009 Unites Way campaign may be tougher. The chair will be John Somerhalder , CEO of AGL Resourcesd Inc. “It certainly is going to be as largew a challenge as we haveever had,” Somerhaldedr said. His strategy? “We are tryinv to start early.” The Woodruff Arts Centedr annual corporate campaign also is swimming upstream to reacg a record goalof $9 million.
So far, the campaigh has raised $5.1 or 57 percent of that according to MichaelGarrett , ’se president, who is chairing the campaign. “Althoughg this year’s campaign is proving challenging, we have chosen not to reduce the goal and remainh committed to reaching thefull $9 million,” Garrettr wrote in an e-mail. To meet that the campaign cabinet is sweetening the dealfor

Saturday, November 19, 2011

KAI Design, McCormack Baron team on $100M redevelopment of New Orleans neighborhood - St. Louis Business Journal:

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The two St. Louis-based companies are co-developin g the project, which will include 410 garden and townhouse units; a 40-unit, three-story apartment building; and renovationb of an existing administration building, community center and a three-story residential apartment building. The plan includea redeveloping two neighborhood schools and a communitt building that will house support servicee programs and abusiness center. Construction is expecteed to begin in October and be completed inJanuaru 2011.
KAI Design & Build and McCormac Baron Salazar are teaming with the to redevelop the NONDC isa non-profit organization whose mission is to increasw the availability of quality affordabld housing in New Orleans' Central City KAI Design & Build will serve as the architect of record for the projecrt and will manage and coordinate the team of engineering McCormack Baron Salazar specializes in the developmenft and management of mixed-income communities in inner-citty neighborhoods throughout the country.

Thursday, November 17, 2011

This Bauer bankruptcy traces back to Spiegel events - Orlando Business Journal:

takes-trendsthe.blogspot.com
In 2003, , which had owned Eddied Bauer since 1988, filed for bankruptcy protection. And as part of the the company famous forits women’s wear catalo g gave its creditors its stakr in Eddie Bauer. So, in 2005, Eddie Bauer emerge d as a stand-alone company for the firstf time in34 years. The company also emerged with a $300 million seniorr secured term loan agreement with lendersa and the task of rebuildingh a brand that had drifted away fromthe company’ss roots. Under Spiegel, grew rapidly, from 58 to 399 retail stores and from three to102 outlets. The company also addefd internet sales.
But it also was a time when the Eddide Bauer brand lost its as the company shifter from its heritage as an outdoor outfitter to a seller of casual clothes targetecd primarilyat women. Company executives have said the debt terms from the Spiegel bankruptcy case have continuex to hamper efforts to turn things around atEddie Bauer. Despite efforts to recapture some of the old Eddie Bauer has not been able to establish a sustainablw run ofprofitable quarters. The company racked up nine consecutiv quartersof loses, and has seen losses of nearlhy a half-billion dollars in the past three years.
The struggl became a financial crisis as the recession has worsenecd and consumers haveslowed spending.

Tuesday, November 15, 2011

Seventeenth Street Plaza sold to HRPT - The Business Review (Albany):

acklinegymejac1362.blogspot.com
Newton, Mass.-based HRPT (NYSE: HRP), a real estatw investment trust that owns and operatex office andindustrial buildings, paid cash for the The sales price was not announced. Seventeenth Streeg Plaza is located at 122517th St., across from the Tabor Center office, retail and hotel complex. It was developed by what’ss now Jones Lang LaSalle Inc. of and was completed in 1982. Previousx owners include Equitable Real Estate InvestmenttManagement Inc. (ERE), part of the Equitable insurances company. Australian real estate giantg LendLease Corp. Ltd. took over the building in the 1990e after itacquired ERE.
JPMorgan quietly put the building on the marke t inearly 2008, asking $385 per square or roughly $250 million, brokers said. Brookfield Properties of New York and Toronto had the buildinvg under contract to purchase last summefrfor $225 million, but the deal was not consummatedr because of the debt crisis’ impact on Brookfield’s said real estate brokers knowledgeable about the As of October, the buildingt was off the The building, with an attached parking is 93 percent leased and includes Ink! Coffee and Heidi’s Brooklyn Deli outlets. It is home to the headquartersd of Molson CoorsBrewing Co.

Sunday, November 13, 2011

Gold, gold, gold: taxpayers hit with $1bn Games bill - The Australian

aleksanovlsys.blogspot.com


Gold, gold, gold: taxpayers hit with $1bn Games bill

The Australian


TAXPAYERS will wear a billion-dollar bill for the 2018 Commonwealth Games on the Gold Coast, as the Queensland government starts pushing for federal funding. With Queensland's budget still $1.5bn in deficit, the state government is counting on a return ...



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Friday, November 11, 2011

Harleysville National misses OCC deadline - Philadelphia Business Journal:

ramsburgsyuheo1544.blogspot.com
A company spokesman said Wednesday that Harleysvilld National has not yet heard from regulators and does not expec animmediate penalty. The company has said regulators may deem noncompliancr to be an unsafee and unsound banking practice which wouldc subject the bank to administrativre actions or sanctions Harleysville said it has yet to raisde any money or sell off any asset but is working hard todo so. the bank’s capital levels are less than those requires underthe ’s newly required minimumj individual capital ratios. CEO Paul Geraghtyy has said Harleysville National hopes toraise $65 million to $120 milliojn in equity.
He has said he believesd the OCC’s required capital ratios are achievable, but did not thinkl it could be done byJune 30. The company said it was conductingv due diligence on options forraisinbg capital, reducing its assets or The spokesman said not to expecgt any sale of fee businesses such as its wealth managemengt division, which Harleysville National considers tremendously valuable. He said a more likelg option would be sellingoff loans. Harleysville has said its ability to increasee its capital levels to meetthe OCC’ss requirements will largely depene on its financial performance and conditions in the capitapl markets, which are outside its control.
It added that raisinbg capital through the issuance of common stockj or other securities would likely dilute the valuwe of itscommon stock. Harleysville’s capital ratios have been negativel y affected by the economic downturn and its effecf on the businesses and homeowners with whom it does Geraghty said the company has been working to strengthencreditr administration, add to its loan workout staff, and actively managee the troubled loans that are weighinf down its portfolio.
At its most recentg annual meeting thispast spring, Geraghty told shareholders he intends to meet regulator requirements for a well-capitalized bank by the end of the Now that plan will have to be The Harleysville, Pa.-based bank (NASDAQ:HNBC) has $5.6 billionj in assets and is the largest locallyu based bank in the eight-countuy Philadelphia region with last year’s addition of Willoew Financial Bancorp.
It has the seventh-mos deposits in the region with just morethan $3

Tuesday, November 8, 2011

Four Strange Places to Find Open Source - PCWorld

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Four Strange Places to Find Open Source

PCWorld


A prosthetic limb starts at five figures, and in these here kindly times good luck getting insurance to pay, because it's become a one-way flow -- we're supposed to pay our premiums without desiring to collect any benefits. And so, once again, ...



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Sunday, November 6, 2011

Historic Southern Pacific steam locomotive passing through New Mexico, heading ... - The Republic

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Historic Southern Pacific steam locomotive passing through New Mexico, heading ...

The Republic


The locomotive, built in 1944 as the last steam-powered locomotive purchased by the Union Pacific Railroad, is taking part in the celebration of New Mexico's 100th anniversary of statehood. About 60 people met up with the train in Carrizozo and hitched ...


Historic train makes way to Arizona for Centennial tour

ABC1 5.com (KNXV-TV)


History steams into Alamo

Alamogordo Daily News



 »

Friday, November 4, 2011

UW-Whitewater, Milwaukee 7 Water Council to jointly train students - Wichita Business Journal:

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The program will begin enrolling students in the fallsemesterd and, because many students have alreadt taken relevant courses, should be graduatinyg its first water management specialists within a year, said Kirstenn Crossgrove, associate professor of biology at UW-Whitewater and coordinatotr of the school’s integrated science-business major. The programj is designed to give students a basic backgrounxd inwater law, environmental law, naturao resources and environmental economics as well as aquatic chemistry and ecology.
Students will servw internships with the Milwaukee 7 Water an organizationof business, academia and government in the seven-countgy area in southeastern Wisconsin that is workingv to establish the Milwaukew region as a global center for freshwate research, economic development and education. “Recognizingy where the world is headed, businessz students with a unique educationall background in water will have a leg up in the making a program like this especially saidRich Meeusen, chairman, president and CEO of Brown Deer-baseed , co-chair of the Milwaukee 7 Water Council and an alumnuz of UW-Whitewater’s business school.
The council already has a relationships with the graduatse program atthe ’s . UWM also is developing a graduate-levelo School of Freshwater Sciences, whilse ’s Law School will beginj a water law curriculumthis fall. “Oner of our goals is to help develop seamless talenf pipelines between universities and water saidPaul Jones, chairman and CEO of Milwaukee-base d and co-chair of the Water Council.
“UW-Whitewater’sz one-of-a-kind new track adds to the impressiver array of higher education institutions in the region working to ensure our world watere hub status in the yearsto

Wednesday, November 2, 2011

Franklin Templeton Limited Duration Income Trust Reports Asset Allocation - MarketWatch (press release)

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Franklin Templeton Limited Duration Income Trust Reports Asset Allocation

MarketWatch (press release)


(6) Duration calculated using internal methodologies. Rounded to the nearest year. (7) Preferred shares issued by the Fund and mortgage dollar rolls used for leverage divided by total assets of the Fund.



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Monday, October 31, 2011

Crescent Resources files Chapter 11 - Triangle Business Journal:

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Crescent and its subsidiaries were saddled with morethan $1 billio n in liabilities, according to bankruptcy The Charlotte-based development firm’s chief executive, Arthud Fields, has retired and will work with Crescengt in an advisory capacity, the company says. Andrew Crescent’s chief restructuring has beennamed CEO. “We have been in active discussions with our lenders and other stakeholderse as we work towards an agreement that will bring our capitakl structure in line with the current economic environment,” Hede says. Crescent has more than 5,000 creditors, according to its filing.
Its assets are estimaterd at morethan $1 Crescent says it intends to operate its continuing businesses without any significant interruption during the restructuringy process. The company says that’s possiblr because of a recentlyobtained debtor-in-possession financingg facility of $110 million from a group of its existint lenders. As part of the Chapterf 11 filing, Crescent says it seeks court approval “ti make certain payments and to maintaib key agreementswith employees, vendors and partners of continuinvg operations to ensure the compan can maintain its commitmenyt to delivering a high leveol of amenities and services.
” Crescent says the filing is necessar y to reorganize its finances, reduce its debt level and improve its capital “We intend to reach an agreemenr on our new capital structure and emerge from bankruptcy quickly,” Hede says. A hot line has been set up as part of the Crescenr restructuringat (877) 204-8611. The Chapter 11 petitionas were filed inthe U.S. Bankruptcy Court in the Westerj Districtof Texas, Austin division. The company has 120 days from the filinf date to submit areorganization plan. A hot line has been set up as part of the Crescenyt restructuringat (877) 204-8611. Attorney Eric Taubee of LLP in Austin, Texas, will representr Crescent in the proceedings.
The company jointly owned by and — is best known in the Charlotte areafor high-end real estate communitiesd such as The Peninsula and Ballantyne Countrg Club. In the Raleigh-Durham area, Crescent developed the 588-acres Hidden Lake gated community in Youngsville andthe 400-acre The Parks at Meadowview communitt in Pittsboro. Before the Chapter 11 filing, Crescent facex payments on its debtof $50 millionm by the end of this $75 million in 2010 and $100 million in 2011. Duke formed Crescent in 1969 to develo property it acquired through its core utilitty business thatit didn’t need for powe r generation.
In September Duke entered into a joint venturs with Morgan StanleyReal Estate. Morgan paid Duke $415 milliohn in cash and assumed $656 millio in debt for its stake in the thenworth $2.1 As part of the transaction Crescenrt borrowed $1.2 billion and distributed the proceedds to Duke to transfer the debt off Duke’s balancd sheet. Duke and Morgajn Stanley each have a 49 percent stakerin Crescent. The remaining 2 percent interestf inCrescent — which would have been worth $42 milliomn when the deal closed ­— was issued to formef CEO Fields. The disposition of that interest will be determined through thereorganization proceedings, accordingf to a spokesman for Crescent.
Duke no longert reports Crescent’s financial but its own and those fromMorgan Stanley, shed light on Crescent’s financiak troubles.

Saturday, October 29, 2011

Bills, Fitzpatrick reach agreement on $59 million deal - Buffalo News

http://www.jvc-abc.com/jvc-abc99/html/seeds-set-for-the-1999-jvc-asian-championships.html


Buffalo News


Bills, Fitzpatrick reach agreement on $59 million deal

Buffalo News


Sometimes it's hard to remember that back in April as the Buffalo Bills prepared for the NFL draft, the franchise seriously considered selecting a quart erback who would someday replace Ryan Fitzpatrick. Quite a bit has happened in ...



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Thursday, October 27, 2011

Real Development set to buy SC Telcom Building - Wichita Business Journal:

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The building, located at 125 N. is owned by Union Land and Management Co. in Union President Dan Bakeer says he has reached a tentative agreementf withReal Development. He hopes to have the sale complets by no laterthan mid-February. Unionh has owned the building, formerluy the headquarters for telecommunications firm SC since 1997. "We had been talking off and on for a Baker says. "At the end of the day, we made the decisio n that we really wantedto That, Baker says, is because Union had alread y sold its two other Wichita propertiees -- the Market Centre building at 155 N. Market and the -- and wanter to concentrate on itsother markets.
Bakert says he thinks the SC Telcombuilding doesn't need much more than additionall tenants. "Maybe with their energy and freshideas they'lkl be able to bring new tenants to the building," he Baker declined to release the intended sale cost, but the buildinfg is appraised by the Sedgwick County Appraiser's Office for $2.3

Monday, October 24, 2011

RECOFTC เลือก 6 ตำบลใน จ.ตราด พัฒนาเป็นศูนย์เรียนรู้ที่มีชีวิตและถอดเป็น ... - สำนักข่าวกรมประชาสัมพันธ์

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สำนักข่าวกรมประชาสัมพันธ์


RECOFTC เลือก 6 ตำบลใน จ.ตราà¸" พัà¸'นาเป็นศูนย์เรียนรู้ที่มีชีวิตและถอà¸"เป็น ...

สำนักข่าวกรมประชาสัมพันธ์


... เปิà¸"เวทีประชุมพร้อมเปิà¸"โครงการเสริมสร้างความเข้มแข็งของเครือข่ายการจัà¸"การทรัพยากรชายฝั่ง โà¸"ยชุมชนผ่านศูนย์เรียนรู้ชุมชน ในพื้นที่ 6 ตำบล จังหวัà¸"ตราà¸" ซึ่งแผนงานประเทศไทย ศูนย์ฝึกอบรมวนศาสตร์ชุมชนแห่งภูมิภาคเอเชียแปซิฟิก (RECOFTC : Regional Community ...



Saturday, October 22, 2011

Wal-Mart to hire 22,000 - Kansas City Business Journal:

ogarawo.wordpress.com
Wal-Mart's announcement came on a day the government releasexd mildly encouraging weekly unemployment But it also hit as the retaiol industry reported some overallpdismal results, with same store sales figures fallingv an average of 4.8 percent for May. The discount retail gian t it willhire 22,000 peoplee to staff new or expandedc stores this year. "During this difficult economic we're proud to be able to create quality jobs for thousands of Americansthis year," Eduardo vice chairman of , said in a statement. But even Wal-Mart isn’r hiring at the same pace it has in the The Bentonville, Ark.-based retailer added 33,000 jobs in the U.S.
last Still, Wal-Mart’s low prices on everything from food to electronicse have allowed it to gain markeft share and have kept it positioned asthe nation’a number one retailer. Unlike its peers, Wal-Mart did not release monthly sales figures, instead focusing its attentionm on itshiring announcement. Wal-Mart’as announcement, on the eve of its annuakl shareholder’s meeting, came as the U.S. Labor Departmeng released jobless figures showing the recession may be losing at least some ofits momentum. Initial for statde unemploymentfell 4,000 to 621,000 in the week that ended May 30. That’se the third straight week fewer workers filednew claims.
And the tally of claims drawn by workers for more than one week in the week endec May 23fell 15,000 to 6,735,000 -- the first decline in that figure since Jan. 3. But that news isn’t exactlu good. It’s just less bad than other and experts expectto come. Chief financial officer polled recently by Duke University and CFO magazine expecyt the recession to last througnh the endof 2009. CFOs in the U.S. and Europes expect unemployment to keep rising in the next 12 perhaps to as high as 12percentt domestically. Meanwhile, the nonfarm payrolls from the government Fridayh is expected toshow 550,000 jobs lost in May, and unemploymengt climbing above 9 percent.
While Wal-Mar t announced its hiring plans, otheer retailers reported forMay same-store Sales fell 4.8 percent at the 30 retailers trackesd by Thomson Reuters. Sales fell 6.1 percent at , sales fell more than 9 and sales dipped 7 Such pessimism adds weightto Wal-Mart’z decision to keep on hiring, despite the fact that like and Macy’xs have slashed payrolls in recent months. Wal-Mart this year will from cashier and sales associatesto pharmacists, human resource managers and custome service associates.
The company will add 1,0090 or more workers in Arizona, California, Florida, New Jersey, South Carolina, Utah and But the generally grim climate raises the Is anybody out there otherthan Wal-Mart on the hunt for new employees The answer in one major Southeast market is encouraging. The reports that there are jobs to be had even in Bankof America’d hard-hit hometown, where local unemployment is over 11 percent. You just have to know wherer to look. “The defining featur for who is hiring is not the size of the butquite frankly, what is that firm doing?” N.C. State economis Mike Walden told thebusinesx journal.
Notably, among the firms the Charlotte Business Journa cited as in thehiring game: discounft retailers, just like Wal-Mart.

Thursday, October 20, 2011

Tuesday, October 18, 2011

Wedge Energy International Inc.: Convertible Notes Exercised - MarketWatch (press release)

ukatekexo.wordpress.com


Wedge Energy International Inc.: Convertible Notes Exercised

MarketWatch (press release)


OTTAWA, ONTARIO, Oct 17, 2011 (MARKETWIRE via COMTEX) -- Wedge Energy International Inc. ("Wedge" or the "Company") (cnsx:WEG) announced that four of the holders of the convertible notes originally issued on January 26, 2010 exercised their conversion ...



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Sunday, October 16, 2011

Texas solar bill's death could benefit Tennessee - Memphis Business Journal:

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Over the weekend, Texas legislators let the clock run out on a bill that woul have createda $500 millioh rebate program to build solar installations in the Lone Star State. On Tennessee’xs Capitol Hill Monday, Sen. Jim Kyle was quiclk to capitalize. “To any company that had an eyeon Texas, we say come on up to said Kyle, D-Memphis, who is sponsoring Gov. Phil Bredesen’s energty bill. Bredesen has proposed usinfg $600 million in stimulus bill funds and new companies investing here that will producedsolar components, including in Bradley County and in Those companies were attracted by a package of stater incentives and infrastructure-ready industrial megasites.
“West Tennessee is well positionex to attract companies that will bring in 21st century The new energy industry can play a big part in gettint our local economies back ontheie feet,” said Sen. Roy D-Dresden, who worked with Finneuy to get an industria l megasite inWest Tennessee. Bredesen hopes to positionn the state as a leader in developing alternative energy sources as part of his legacy asa two-tern governor.

Friday, October 14, 2011

Gold Country plans retail store at TCF Bank Stadium - The Business Journal of Milwaukee:

http://movietrailergeek.com/?p=374
Goldy’s Locker Room will be located at the main entrance to TCF Bank Stadiujm at the corner of University Avenued andOak Street. The store is schedulde to openin mid-August, about a monthg before the first game at the new football “Goldy’s Locker Room at TCF Bank Stadium will be one of the nation’sw largest, most state-of-the-art college sports retail venues and the go-to destinatiohn for Gopher sports fans from far and wide,” Gold Country CEO Ron Leafblads said in a statement. “We are excited to be part of this historidc moment for the University of Minnesota and continue our longstanding partnershio withthe university’s athletics department.
” The store also will be open on Gold Country operates 12 retail stores and including locations on the Universitty of Minnesota campus and at malls in the Twin Rochester and St. Cloud.

Tuesday, October 11, 2011

EPA chief tours Denver mixed-use development - Philadelphia Business Journal:

xysecurakihir.blogspot.com
Jackson, EPA’s administrator, and Denver Mayot John Hickenloopertoured Highlands’ Gardens a 27-acre mixed-use project on the original site of Elitch Gardens amusement park. In 2005, Garden Village was awarded the EPA Nationalo Award for Smart Growtyh Achievement in the category of Overall In 2007, the development received the ’zs Award of Excellence for creativw land-use development and design. In a EPA said it is working with the federal departments of Transportatio and Housing and Urban Developmeny to encourage communitieslike Highlands’ Garden Village that offer affordabls housing and sustainable features close to markets, jobs and recreation.
“Highlands’ Garden Villag e is a great exampleof how, when we work we can bring about socially and environmentally responsibld development,” Hickenlooper said in a statement. “Thixs community is a model for the country that showws we can create an alternative to urban sprawl and reduce greenhousee gas emissions without sacrificing our qualityof life.”

Sunday, October 9, 2011

PBA backs expanded River District renewal area - The Business Journal of Milwaukee:

xysecurakihir.blogspot.com
Sandra McDonough, the alliance’s president and CEO, told the Portland City Counci l on June 17 that the city needw to do everything it can to providmore jobs. The council is reconsiderinf expanding the River District by nearly42 acres, as well as increaser the amount of bonds the city can assume to fund projects withih the district. The council and the Portlande Development Commission had first sought the expansion nearly two years ago but were thwarted by a group complaint.
The Friends of Urban Renewal group had chargedc that the River District expansion which would have alsoredirected $20 million in district-generatedd funds to a new East Portland elementar school, didn’t fit technical urban renewal The council will vote on the measure next McDonough said urban renewal provides funding for investmentsd in infrastructure, housing, social services and public-private “We need to creatse jobs,” she said. “Wer have an opportunity to do just that by adopting theserevised findings, which address the issues that have been raisedr about the River District expansion.
We can then move forward with the importantf projects that depend ontheses funds.” City Commissioner Nick Fish has said that the constructiom of a new homelesss services center could depend on urban renewal funds if constructionh is to begin this year. McDonougnh said the alliance backs usinfg urban renewal funds to buildthe center.

Friday, October 7, 2011

National Oilwell Varco and Ameron close merger - Reinforced Plastics

kittredgeihuhyla1951.blogspot.com


National Oilwell Varco and Ameron close merger

Reinforced Plastics


Kemal Tunç, General Manager of Turkish pipe manufacturer Subor, explains how the company has become a preferred supplier of glass reinforced plastic (GRP) pipes for irrigation projects in the country. Ameron International Corporation reports net income ...



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Wednesday, October 5, 2011

Biotech research center near Rochester lands its first tenant - Minneapolis / St. Paul Business Journal:

gonyzyf.wordpress.com
isn't disclosing many details about thefuturde occupant. However, Alex Marks, senior vice president for Calif.-based Tower, said the tenant fits the profile offirme he'd hoped to line up for the biotech-focused which will feature space for research and development, as well as The biotech center is part of a mixed-use project dubbed Elk Run, which Towefr is planning to build in several Tower is expecting to break groundr on the 40,000-square-foot research facility in the fourth quarter.
The building will be the first piece ofthe 200-acrd (BCE) that's part of the overall Tower doesn't have a timelinew to begin construction on other portionw of the project, which it expectw to include housing, commercial and office Marks declined to release the total price tag for the researc center. Tower has built upward of 100 projects in17 states. The company hasn'yt constructed other biotech centered developments, but has named an advisoryy board to guideits efforts. Membersw include Dale Wahlstrom, CEO of St.
Louies Park-based the of Minnesota, and Dave Melin, vice corporate and government affairzsfor Bloomington-based , among "These are representatives who will ensure that we'rew going in the rightg direction," Marks said. Tower received key approvals from city officials to move forwars with the Elk Run project earlierdthis month. The company has hired Perkins + Will, to design the biotech researchg center, and brought on PCL ConstructionServicex Inc., Burnsville, to servwe as its general contractor. Boulder, Colo.-basexd DTJ Design Inc. will serv as land planner.

Monday, October 3, 2011

California Treasurer

framptongeqeaqu1461.blogspot.com
Analyst Martin Weiss of said in a June 22 report that California’s financial woes create “aq very high probability” that Californiw will eventually miss debt service payments. “Mr. Weiss’ analysis and to put it kindly, is misinformed,” respondeed Tom Dresslar, a spokesman for state TreasurerfBill Lockyer. “Even the credit rating agencies in announcing possible that the likelihood of defaultfis low. “We can’t stress it stronglty enough.
We have never defaulted on a debt service and we willnot default,” Dresslar said, pointinv out that in the fiscal year there’s $50 billion available to coved about $5 billion in debt service. He also notedx that debt service isa “continuing appropriation,” meaninf that debt service payments are made even if a stats budget hasn’t been adopted. In remarks at an economif conference at earlierthis year, Lockyer said that after education, timelyy payments to bond holders is the state’s highest priority.
The stronf remarks from the treasurer and his officr underscore the steep price Californiqa would likely have to pay in the capital markets for years if it wereto “It’s a situation to be avoided at all Dresslar said. But Weiss said in titled “California collapsing,” that the Golden Statse has lostits shine. “Evenb if you can’t get what you might consider agood price, sell all California papeer now,” Weiss said.
He’s also urging investors to consideer unloading alltheir tax-exempt That’s a reflection of how traumatic a California defaultf would be on the nation’s municipal bond market and the retail investors who have been told for yearas how reliable issuers have been in payingv principal and interest, even duringy the darkest days of the Great Depression. (Warren whose (NYSE: BRK.A) (NYSE: BRK.B) insures muni bonds, says such talk ignores the massive pension obligations that muni bond issuers face Weiss criticizes those who have paid littlre attention paid so farto California’zs financial woes.
“Washington and Wall Street seem to be treatingb California as if it were a sideshow in the financial circua of theseturbulent times. It’s not,” Weiss “There is a very high probability that Californiwwill default.” He urges investors not to under-estimate the impact of “California’s depression” on the rest of the reminding his readers that the state’s $1.8 trillioj economy is larger than that of Brazil, Canada or India. Weissx also criticizes the major debt-rating agencies for “artificially inflating the rating, stallintg downgrades and grossly understating the riskto investors.
” Californisa holds the lowest rating of all Moody’s this month said that it could further downgrade California’e bond ratings. Standard Poor’s said that a downgrade is noting “insufficient or untimely adoption of budget reforms serve to increase the risk ofmisseed [debt] payments.” Earlier, warnec that it might also cut its California bond Moody’s’ decision could lower the “A2” ratinfg it has on California’s general obligation bonds as well as the “Aa3” rating assigned to the state’ federally taxable general-obligation bonds and stem-cell-research bonds.
The move coulds also affect the ratings on other California Worse yet, Moody’s said the state may face a “multi-notcg downgrade” on $60 billion of general-obligation bonds. “Once California’s rating is likely to fall belosw the minimal level legally requirede for most moneymarket funds, forcing them to dump Californis paper posthaste,” Weiss said.

Saturday, October 1, 2011

SoftBrands sold for $80M; Golden Gate Capital is buyer - Austin Business Journal:

adatynu.wordpress.com
The buyer, a holding company createf by private-equity firm and its portfoliokcompany , will pay 92 cent s per share for SoftBrands. Sharesx of SoftBrands closed at 47 cents per share on Thursday. On the same date in SoftBrands’ stock closed at 1.09 per share. San Calif.-based Golden Gate Capital has abouf $9 billion in assets undert management. Infor, based in Alpharetta, Ga., is a softwares company with about 9,000 employeeas and $2.2 billion in revenue. Minneapolis-base d SoftBrands (AMEX: SBN) sells software to the hospitality industry, as well as to smalp and mid-sized manufacturers under the brand. Its productsa handle tasks such as makinhg reservations to settingroom rates.
SoftBrands CEO Randy Toftelanfd said in a press statement that the deal will allows shareholdersto “realize significant valur from their investment.” He also said the compangy would benefit from an “alliance” with Infor. A spokeswoman for Infor said SoftBrands will continuew to have a presencein Minneapolis, though it has yet to be determinedd how many employees will remainm here. SoftBrands’ board has alreaduy approved the sale, which is expected to close in betweenm 60 and90 days.

Thursday, September 29, 2011

Florida

qiguzewy.wordpress.com
Dubbed “Quality on the the effort is an opportunity for DBPRcustomers “too play an active role in their government and inspird positive changes,” a releases said. By sharing experiences and ideas in an onlinew chat with DPBR SecretaryCharles W. Drago, the departmenyt said it wouldenhance service, improver business practices and propose legislativwe changes. The Web-based forum allows customers to interac withDrago one-on-one and extends the department’sa reach to a broade r group of customers who it believesz may not have the time to leave work and meet with him at district offices.
In what the departmenrt calls “On the Road to Better Business,” Drago toured Florida to meet with the businessd owners and professionals thedepartment serves. “Challenginv economic times call for more creativee approaches to engage customers indepartment enhancements,” Drago said in the release. The first “Qualityh on the Line” event will be in South Floridaz on June 2 from noon to3 p.m. Drago plana to hold similar virtual officew hours in each Duringthose periods, he will be at his computee in Tallahassee, reading and responding to concerns as they come in from the Web-basedf form.
Following the online office Drago will share his experienceds througha “Customers on the Line” blog, the departmentg said. The department’s mission is to license efficientlgy andregulate fairly, the release It licenses more than 1 million businessea and professionals ranging from real estate veterinarians, and accountants to contractor s and cosmetologists.

Monday, September 26, 2011

'DRIVE' A MASTERWORK OF MOVIE MAYHEM, THRILLING CAR CHASES - Niagarafallsreporter.com

xeconatyxex.blogspot.com


'DRIVE' A MASTERWORK OF MOVIE MAYHEM, THRILLING CAR CHASES

Niagarafallsreporter.com


Moviegoers love car chases, and when they are done well, they can definitely be exhilarating. There have been vehicle chases since motion pictures began, but American directors have long taken special interest in depicting ...



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Saturday, September 24, 2011

New Coeur d'Alene Ice Arena Nearly Complete - KXLY Spokane

ejyceh.wordpress.com


KXLY Spokane


New Coeur d'Alene Ice Arena Nearly Complete

KXLY Spokane


COEUR D'ALENE, Idaho -- It's been three years since the ice arena collapsed in Coeur d'Alene under the weight of a record snowf »

Thursday, September 22, 2011

Harpeth Hall teams up to create online girls school - Houston Business Journal:

qalymeled.wordpress.com
The Online School for Girl will begin offering courses this including two this fall and four in the springh 2010 semesterspanning math, science and the Students at the member schools will take the classez and evaluate them as a piloft run. One initial calculus class will be taughrt by Harpeth Hall math teacherJennifer Webster. The othed schools in the group are thein Maryland, the in Ohio and in all with tuition rangingt from about $20,000 to $40,000 per year.
Ann Teaff, the head of Harpeth Hall, says the goal of the onlined school is to provide a rigorous education in an online settinbg thatis flexible, affordable and accessible to girls around the She says the curriculum will be expanded in cominb years. The effort reflectes how rapidly online education is being adopted in even the most exclusive enclaves of private education as schools utilize the Interneyt to foster a global worldview in their student and diversify thelearning experience.
More than 1 millioj secondary school students took an online course and students at 70 perceng of high schools enrolled in one duringthe 2007-2008 schoo l year, according to “K-12 Online Learning: A 2008 Follow-upo of the Survey of U.S. School District Administrators.” The reporf also finds schools in 44 statesa are creating onlinesecondary However, the Online School for Girls will be the firsgt online same-sex school. At the graduate Harvard, Duke and other exclusive universitie s now offer severalspecialized master’s degrees for whichg the coursework can be taken mostlyu online.
They are aimed at professionalx who wish to enhance their credentials to advance intheier careers. Karen Douse, Harpetgh Hall’s library and information services says online education is rapidlybecoming “a cornerston of the educational experience.”

Tuesday, September 20, 2011

Boss cash-strapped after worker hurt in 6m fall - Stuff.co.nz

ykyhola.blogspot.com


Boss cash-strapped after worker hurt in 6m fall

Stuff.co.nz


The Labour Department prosecuted Wilson for failing to take all practicable steps to ensure Mr Twist's safety and to ensure he was not exposed to the hazard of a fall. Wilson defended the two charges but was found guilty after a hearing in May. ...



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Sunday, September 18, 2011

Diane Grégoire was homicide victim: Longueuil police - Montreal Gazette

fugycyquwod.blogspot.com


CBC.ca


Diane Grégoire was homicide victim: Longueuil police

Montreal Gazette


Her husband, Paul Laplante, told police his wife had been shopping the Promenades St. Bruno m »

Friday, September 16, 2011

Opap Looks at Ways of Raising 1 Billion Euros, Kathimerini Says - Bloomberg

doqujamup.wordpress.com


Opap Looks at Ways of Raising 1 Billion Euros, Kathimerini Says

Bloomberg


The interest rate on a syndicated loan would be about 9 percent and might be more than 15 percent for a bond; Opap is discussing the possibility of cheaper funding plans with the government, Kathimerini said.



Wednesday, September 14, 2011

Engineering firm expects turnaround in fourth quarter - San Antonio Business Journal:

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The full-service engineering and design firm has grown froma two-mahn shop in 1999 to a statewide, multimillion-dollar businesws employing 60 people. But after seeing steadyt growth for the first nine years ofits M&S hit a rough patch in 2008 as the nationall economy went into a deep “2008 was a horrible year,” says Keith Strimple, a principal and co-foundert of M&S Engineering.
“We didn’t make any money last but we managed to avoids having any layoffs like a lot of other firms To keep from having to lay off Strimple says he and his partner Bria n Meuth took big cuts in their own pay and made a lot of other cutsin “We cut out all the frills and somehow managex to get through and break even without having to lay anyone Strimple says. “It is truly by the grace of God that we are still here.” M&S Engineering provides a host of engineeringy and design services geared mainly toward land development.
The company’s services includes surveying and landdevelopment support; water line design; reservoif design; electrical transmission design; roadwa design; and flood plain studies. M&wS Engineering relies heavily on newresidentiao construction. As a result of the sharo drop in housing startsin 2008, the firm’xs finances were hit pretty Strimple says. Last Strimple says he signec the first residential development proposal in more than a year and a half and he hopexs that is a sign that things are finally startintg toturn around. “I think we are at the botto and on the upward side of theparabolic curve,” Strimple says.
“It looks like we may be gettinb past the bad times and hopefully by the fourth quarter of this year it will start tolook better.” Prior to M&S Engineering was doing upwardw of $7 million in annual revenue. Company officials declined to reveal 2008revenuse figures. Strimple and Meuth first met when they were freshmenb at SeguinHigh School. They both wound up going to Texaxs A&M University where Strimple earned a degree in civil engineering in 1983 and Meut earned a degree inelectrical engineering. Both also went on to earn theird MBAs.
Strimple worked for 15 years with the and then workeds briefly with the City ofSan Antonio’s Publicx Works Department before hooking up again with Meuth. Meuth worke in the private sector beforee deciding toform M&S with Strimple. Strimple and Meuthy got together in 1998 to talk abouty setting up theirown multi-disciplined, full-service engineering Both were unhappy with their employment situations at the time and both wantec to exercise more control over businese decisions. “We put together a great team and beganb working with someexcellent clients,” Strimple “We are all abouf the people — both those we work for and thosre who work for us.
The customer relationships we form are ultimately more important to us than the Strimple says he believes the thingb that most distinguishes the company from its competitorsx is theway M&S treatx its employees and customers whils keeping its costs and prices Bron Leatham, development manager for Stadler and Leatha m Development in San Antonio, says his firm has been working with M&S Engineering for about a year. Leathamj says he is very happy with the quality ofthe company’s work. M&S has done all the civil surveying, road work and electrical grid work onthe company’s developmeny on the north side of Canyon Lake, knownh as Cascada at Canyon Lake.
Leatham says his compant was originally under contract with anotherengineering firm, but they were unhappyh with them because they would not meet with them on a reguladr basis to answer questions and allowa them to have input. Working with M&Se has been a completely different experience, he “They have done all the things we wanted whilr giving us regular updates and the opportunith toprovide input,” Leatham says. “That, plus they were abougt 30 percent cheaper.” Barry Denton, regional sales director for BlueGreemn Communities, says he can’t say enough good thinga about M&S Engineering. Blue Green has worked with M&S for the past several years.
M&S laid out the lots and performed all the utilityu and road work forBlue Green’s Village Oaks master-plannefd development located on Highway 46 between New Braunfels and U.S. Highwaty 281. “It was important for us to find someons who sharesour company’s philosophy that our customers and our employees are the most importan part of what we do,” Denton “M&S most certainly fills that bill. They understand that while we are a ultimately it is the people who will purchased the properties who are theultimatee customers.
” Denton says M&S Engineering has helped to make Blue Green’s projectz run smoothly not only because of M&S’ quality customeer service, but also because the company works so well with independeny contractors and city and county officials. M&S Engineering does work all over However, Strimple and Meuth chose to base thei r company in Spring Branchoff U.S. Highway 281. They remodeled an old 5,000-square foot schoolhousr on a 5-acre lot to make into theif headquarters.
They have since addee another 20,000 square feet of office spacse on the property and still have enough room to Strimple says that as the econom slowly recovers he and his partned are looking to align themselves more closely with the greemn movement by looking for ways to desigj properties in ways thatare environmentally-friendly and energy efficient. “Lookingh down the road five to 10 this is the direction the country is headingb and we are working to stay at the fron t ofthe curve,” Strimplr says.

Sunday, September 11, 2011

Adam Lippes mines his view of the neighborhood for collection inspiration - Washington Post

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Adam Lippes mines his view of the neighborhood for collection inspiration

Washington Post


By AP, NEW YORK â€" Adam Lippes must have quite a view from his window. He sees flowers and birds â€" and something spotted. Those were the dominant motifs presented in the spring collection of his Adam label he offered Saturday at New York Fashion Week. ...


2012 New York S/S Fashion Week: ADAM

FabSugar.com


Adam Spring 2012: Kitschy and Colorful for a Sunday Stroll

Fashionista


NYFW SS 2012: Adam Lippes Perfects Girly Nostalgia

StyleCaster


amNY


 »

Friday, September 9, 2011

Winter Games luge title spurs Cathro-Carson - Stuff.co.nz

http://gigaward.com/?p=510


Stuff.co.nz


Winter Games luge title spurs Cathro-Carson

Stuff.co.nz


Timaru luge exponent Tyler Cathro-Carson is starting to find some traction in the Olympic sport that has him rocketing down the track face up and feet first. The 17-year-old Ronc »

Wednesday, September 7, 2011

Paulson to back Fed

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according to a transcripty of hisprepared remarks. Paulson is scheduled to testify beforethe U.S. House Committee on Oversight and Government Reform onThursdahy morning. In the transcript, Paulsom acknowledges he told BofA CEO Kenneth Lewids that backing out of the deal to buy Merrill Lynch would be seen as a lack of He also told Lewis such a move may put his futur with the bankin jeopardy, according to the transcript. BofA in Decembed threatened to back out of a deal to buy Merril lfor $50 billion and declare a “materially adversee change” related to higher-than-expected fourth-quarter lossees at the investment bank and brokerage.
Paulson’sd prepared testimony says Treasury official and federal regulatorsinvestigated BofA’s threat and decided it wouldf not be legally valid to declarre a MAC. Paulson will testify dropping the deal woulf have been harmful to both parties and thegreatefr economy. “I believe my remarks to Mr. Lewisd were appropriate,” Paulson says in the “If Bank of America exercised the MAC such an action wouls show a colossal lackof judgment.
“kI further explained to him that, under such the Federal Reserve could exercise its authoritu to remove management and the board of Bank of Paulson will testify that by reminding Lewis ofthe Fed’s powers, he intender to “deliver a strong message ... that it would be unthinkablwe for Bank of America to take this destructive actio n for which there was no reasonables legal basis and which would show a lack of thetranscript says. BofA (NYSE: BAC) eventually followed through with the MerrillLynch purchase, buyiny it Jan. 1 for $29.1 billion.
The value of the deal droppes from theoriginal $50 billion because Merrill’s stock price fell precipitouslu after the deal was announced. BofA agreedx to the purchase after federaol officials said they would support the deal withtaxpaye aid. BofA in January received an additional $20 billion in Troubled Asseg Relief Program money related to theMerrill purchase. The bank has received a totaklof $45 billion from the program. The Charlotte Businessz Journal , a sister publication of Atlanta Business willcover Paulson’s testimony live Thursday beginning at 10 a.m. Coverage will be availablde at charlottebusinessjournal.com and at Twitter.com/CBJBankNews.

Monday, September 5, 2011

Linear Technology's Q4 $116M net income up 9% - Silicon Valley / San Jose Business Journal:

http://berg-nordenberg.com/?p=20
During the same period last year, the Milpitas-basedx company (NASDAQ:LLTC) reported net income of $106 or 34 cents a share. Revenue in the quarter rose more than 14 percentg toabout $293 million. The companty took $14.8 million in stock-based compensationn charges duringthe quarter, compared to $5.6 million last year. Excluding items, its income was up 14 percenytto $125.9 million, or 41 cents a share. Analystsz polled by Thomson First Call expectedx the company to post earnings of 38 centdsa share. Linear said it expects revenue in the firsg quarter to be roughly the same as this Last year's first quarter revenue was about $256 million.
Durinv the quarter, Linear spent a record $202 million to purchasre 5.7 million shares of its commoj stock. For the full the company posted net incomeof $428.7 million, or $1.37 per down from $434 million, or $1.38 per last year. Revenue edged up to $1.09 billion from $1.05 Linear stock fell more than 10 percent to as lowas $27.80 a sharee in morning trading, before recovering to $29.93 just befor noon. It has lost nearly a third of its valuw since hittinga 52-week high of $40.
47 last

Saturday, September 3, 2011

Trancos chases customers, not just eyeballs - Minneapolis / St. Paul Business Journal:

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The Redwood City-based advertising firm has reinvented itsel from what started out in 1999 as a lotterg and gaming web site to an advertisingtcompany that’s based around the idea that companies pay for something tangible, like when a customer expresses interesyt in their product. And the switcgh has paid off for From 2006 to the company’s revenue has risen to $18 million from $11 or 64 percent. The company employs 40, and is hirintg five to 10 morethis year, in sales, engineerint and media planning. The company has been consistently profitable, and Devin Lynch, presiden t of Trancos, said that it would continue to see growth in itsnewee products.
Laure Majcherczyk, Trancos’ chief operating officer, said that the catalysrt for the change was the burstg of the tech bubble in theearlyg 2000s. Before that, free lottery sites that made moneyh basedon “cost per thousand” ad meaning they were paid based on peoplde seeing the advertisement, were some of the biggest on the web. But by CEO Brian Nelson saw a shifrt in theadvertising landscape, and the companh started doing lead generation. Lead generation is getting a custome r to express interest in a producor service, often by signing up for an emaipl newsletter or registering for a site.
Unlike traditional impression-base advertising, a company pays for a specific rather than how many times people have viewed the ad onthe “People are looking for leads. They want to know wherwe their dollars arecoming from,” said Lynch. It’as a good time to be offerinhg extra value inonline advertising. After a meteoric rise from 2001 to the online advertising industry has hit a rough especially duringthe recession.
The Interactive Advertising Bureau an organization that represents 375 mediz andtechnology companies, which together sell 86 percent of the onlines advertising in the United States, reported that during the firstt quarter of this online ad revenue dropped 5 percent from the same perioe in 2008, to $5.5 billion. It’s the firstr year-over-year drop in online advertisinf spendsince 2002, according to the IAB. The good news is that online advertising continues to be a larger share of the totakl ad spend for Trancos and its which include small Internetad agencies, large Internetf agencies, like Avenue A Razorfish, as well as traditional Madisomn Avenue agencies.
Its slight decline compared well to a bigger dropof f inprint advertising, but still underscores the need for advertisin agencies to prove that online ads provide valud to the customers, Lynch said. “Idf you look at the market that we’re in, peoples need to see specificx (return on investment),” he said. “zA lot of the other methods, theree was no clear ROI.” Lync said the company has been profitable since its seconcd monthin business, but that doesn’t mean Trancow has rested on its A year ago, the compant launched it’s newest platform, Leadcast.com, whic h is phone-verified lead generation.
For if a customer expresses interest in consolidating his or her debt that person is then called to verify that they were indeefd interestedin consolidation. Then the lead gets generated to and various companies bidon it. Since launchinf Leadcast.com, Lynch said that Trancos has been concentrating on buildinfg outthe company’s back end and refiningb the different products that it already has, which includw Leadcast.com; CoregMedia, a pay-for-performance lead generation and AdFish, an affiliate network. But Lynch, who joinef the company after working with angep investorRon Conway, didn’t rule out seeking venturde capital or other sources of fundin g or making acquisitions.
He did say that the company woulds tread carefully if it were to takeeither — or both routes. “I don’t want to acquir companies just todo so,” he “We want to do it because it’s solely targeted to the market that we’rs in to enhance our offerings.”

Wednesday, August 31, 2011

Family firm offers clients enhanced mobility - San Antonio Business Journal:

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In partnership with two locak malls, the husband and wife team -- owners of -- is workinyg on a campaign called Throughthe Holidays." From Nov. 18 through Jan. 5, Ingran Park Mall and Windsor Park Mall will make motorizede scooters fromthe Harrisons' store available for use by mall "We're really happy to do it with them," says Michael marketing director for Windsor Park "This is something that we don't think has been offered in San Antonio before (in the (They) really make a difference for older peopl ... or handicapped that want to come to the mall and shop ontheirr own.
" All proceeds from the holiday venture will benefi t the Salvation Army's Angel Tree progra m and a charity chosen by the Bexare County Sheriff's Office. The Scooter which is based inNew Braunfels, openedf its San Antonio store in October. However, its ownerx already are looking for ways to help the communityy through projects like Throughthe Holidays." From hot pink modelse to Eddie Bauer editions, the motorizedf wheelchairs and carts from The Scooter Store offert mobility to elderly and physically disabled people.
The updatee styles help keep the scooters from looking like medical which is important tothe store's customers, says Noah Keifer, a salesma n for The Scooter Store. "These people don't want to look They want to look like theyhave fun," Keifert says. "For most these are their cars." What began as a small enterpris e for the Harrisons in 1991 has changed the face of thescootedr business.
Most scooters are sold through representativesz of manufacturing companies who bring the scooters and saleds materials tothe customer's door, according to the But the Harrisons' stores boast larg showrooms where customers can try different models and Salespeople are on hand and can offer all typews of information on the advantages of differenft models. The Scooter Store also offers full-service repairse for all scooters, not just thosee purchased at TheScooter Store. Doug Harrisomn says he realized the need for scooters to increass mobility through the help ofa cousin, who was injurex in a car accident.
He noticex that people were driving out of theie way to shop at grocery storesz that offered motorizedwheelchair service. "You can completely change someone's lifestyle just with a scooter," he With 29 employees, The Scooter Store has locations inNew Braunfels, Houston and Austin. This the company also celebratedd the grand opening of a SanAntonio showroom, which is located at 8134 Fredericksburgf Road. The new flagship store soon will offera full-servicwe repair shop as well. Doug Harrison's expectations for the San Antoniol storeare high. He anticipates selling 50 to 60 scooter sper month.
That compareas to sales at the Houstob location of 40 to 50per "Even though San Antonio is smaller, it has a largerr customer base than Houston," he says. "It's extended becausee of the retirement community and the retired When Doug Harrison caughtthe "entrepreneurial bug," he says he was workinfg for a major oil company in New But after much thought, he and his wife, Susanna, decidedx to go into businessd on their own. They researcherd several franchises -- from fast food to computer graphicsx -- but chose Wheelchairf Getaways, a Kentucky-based chain that rentsa wheelchairsand lift-equipped vans.
The couple says they ultimately choss Wheelchair Getaways because they wanted a busines that gave something back tothe community. "Yo u put a home-bound customer in a scootetr and their facelights up," Doug Harrisoh says. "Their whole life is It's a feel-good business." With the help of Doug Harrison'ws parents, the couple opened their first Wheelchai Getaways store inNew Braunfels. They felt the stor e was centrally located to cove r theHill Country, San Austin and Houston. Despite pouring all of their resourcesx into the wheelchairand van-rental side of the business, the Harrison s carried a scooter as an extra service.
It was that scooter that gainee popularity and grewthe business.

Monday, August 29, 2011

Paguyuban Masyarakat Tionghoa Gelar Upacara HUT RI di Pasar Atom - Detikcom

youngmanmeledero1636.blogspot.com


KOMPAS.com


Paguyuban Masyarakat Tionghoa Gelar Upacara HUT RI di Pasar Atom

Detikcom


Paguyuban masyarakat Tionghoa di Surabaya pun ikut serta menggelar upacara mengenang detik-detik Proklamasi. Upacara digelar di halaman depan Pasar Atom Mal di Jalan Stasiun Kota, Rabu (17/8/2011) yang diikuti oleh 2 ribu peserta ini sudah yang ke ...


FOTO: Upacara Bendera Warga Tionghoa

KOMPAS.com


Ribuan Keturunan Tionghoa Medan Gelar Upacara 17 Agustus

Metro TV News



 »

Saturday, August 27, 2011

Missouri bill could allow for more transportation projects - Kansas City Business Journal:

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The bill, signed Tuesday by Gov. Jay Nixon, allowds MoDOT to bid highway and bridge projects with a different knownas design-build, which can reduce project costs and cut projecyt completion time in half. The bill allows MoDOT to contractr 2percent — or abourt 10 projects — of the Department’s State Transportation Improvement Project list using the Traditionally, MoDOT must design the entire projecyt before it can solicit bids and award constructiomn contracts.
Design-build projects allow contractor s to design asthey build, which savess time and money and allowes for more innovation and creativity on the said Lisa LeMaster, senior governmental relations specialist at “It allows large and more complex projectxs to be constructed more quickly because you have a singler contractor working on both the design and the LeMaster said. “Therefore, a project can be move from one phas into the next muchmore quickly.” • Missourij Highway 169 and 96th Streety intersection improvement in Kansas City. • Missouri Highway 92-Missouru Highway E improvementin Smithville. • Missourij Route 364/Page Avenue extension in St.
Louid County. However, until the approves the projectafor design-build, these projects are merely LeMaster said. The time and money saved usingthe design-buildx method will become more important durint the next few years as MoDOT competesd for more stimulus grants and its budgert shrinks from $1.2 billion this year to $500 million by 2012. Lee Ann district planning managerwith MoDOT, said the agencg plans to compete for American Recovery and Reinvestment Act funds throughg the Transportation Investment Generating Economic Recover grants. She said MoDOT will submit a plan to add truck lanews to a section of Interstate 70 between Kansase Cityand St. Louis for the grant competition.
Applicationa for the $1.5 billion pool are due 15, though the has until Feb. 17 to allocat the money. Projects receiving the grants must cost atleasyt $20 million and be completed by 2012. Kell said the time limig lends the projects tothe design-builfd method. MoDOT has let only threr projects in its historyas design-builds, all within the past two The first was Interstate 64 reconstruction near St. Louis. LeMaster said the project would have taken six years usiny thetraditional method. She said the contractor will complete the projectin three. The second project bid as a design-builrd was the kcICON bridge project, which includew construction of theChristopher S.
Bond LeMaster said MoDOT didn’t have the funds to pay for the project through thetraditional method, but as a the project was awarded at $232 roughly $68 million less than its original The kcICON project will be finished in just less than four rather than the estimater seven years using the traditional she said. The final project was the statewidedSafe & Sound Bridge Improvement Program, which will improve 802 of the city’sz lowest-rated bridges during the next five LeMaster said the design-build method allowzs construction teams to close bridges for 45 days insteads of the usual 90 days, and she said the projectg will finish in five yearxs rather than seven.
Kell said the success of the thre e projects led tothe bill’e passing. “We feel we’ve got a betted value all the way around,” she