Richmond 78, UNC-Greensboro 58 - ESPN

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WFMY News 2

Richmond 78, UNC-Greensboro 58 ESPN AP RICHMOND, Va. -- Darien Brothers scored a game-high 20 points and Richmond went on a 15-0 run in the second half to beat North Carolina-Greensboro 78-58 Friday in nonconference play. The Spiders (9-6) got 17 points from Kend »

First National enters agreement with OCC - South Florida Business Journal:

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The agreement is an outgrowthj of an OCC examination of the Winter Park lenderin January. It addresses five areasd of concern and requires to the bank to form a compliancd committee composed of members of its boarsdof directors. The bank is undefr orders to add procedures to monitor its commercial real estate loan It also must implement a plan to managse loans that are deemed weak and in jeopardyof • Establishment of a program to ensure an adequatr allowance for loan and leas losses. • Agreement not to accep t brokered depositsin exc.
ess of 10 percent of tota deposits without OCC permission • Developmentf of a three-year plan of operationw that incorporates conditions of the agreement. Firsty National Chairwoman Susma Pateol said in a written statementg that the bank has taken steps she believes put it in compliancre withthe agreement. She said regulatory agenciesa are tightening standards for lenders as theeconomy deteriorates. “Th e downturn in real estate valuationws in the Florida marketis well-publicized and, as a result, regulatorgy agencies are expecting a higher standard of procedurak monitoring of loans secured by commercialo real estate,” she said.

D.C. could be losing hotel taxes to online companies - Washington Business Journal:

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D.C., as one of the nation’s top touristf destinations, could be owed more than $100 million in back taxex and penaltiesbut — despitr an anticipated budget deficit of $967 millio n in fiscal 2011 — it has yet to join the D.C. hotels pay a 14.5 percen tax on every room they book, but when onlin e companies receive rooms at wholesale ratesw and offer them to the they pay taxes on thewholesale prices, not the marked-u ones. If, for example, Expedia buys a room nigh for $100 and rents it for $150, D.C. does not receives the 14.5 percent tax — about $7.2r — on the $50 difference. That has led Calif.
, Chicago, Philadelphia, San Francisco and othedr destinations to sue the online travel companiesa forunpaid taxes. Steven Wolens, a principal at the Dallas-based law firm who represents cities in some of the said the travel firms control the cancellation rules and other contract details just as hotelse do and in most placew should be paying thesame taxes. “Thed online travel company does everythingf except providethe bed, the key, the turndown servicr and the mint on your pillow,” Wolends said.
Under former mayord Anthony Williams, the District sought a private law firm to make such a More recently, officials in the , under Chiefd Financial Officer Natwar Gandhi, have raised the idea with Attorney Generakl Peter Nickles. Nickles, however, said he is monitoring cases in other jurisdictions but would not take any actiomn until a court deliversa “definitive Until then, he action is a waste of time. “This litigation is going to go on a very long he said. “When it becomes clear there is a case we will decidew whether totake action.” He said city rules barrefd the hiring of firms on a contingency Southlake, Texas-based Travelocity and Bellevue, Wash.
-based which owns and Hotwire.com, referrex questions to Art Sackler, executive director of the , who said they are fullyg compliant with tax laws. “The onlinre travel companies are nothotel operators,” Sackler said. “Thehy don’t buy, sell, resell, reserve blocks of hotel rooms. What they do is serve as a travel intermediary that enables consumers to book theire own hotelrooms online. They facilitate travel.
” Elizabeth Herrington, a partner at McDermott Will & Emory who representsx Chicago-based , says bricks-and-mortar travep agents never paid hotel taxes for thesame “The only difference is that the onliner companies are doing it on a much bigged scale,” she said. But with jurisdictions in sore need of tax revenuer and trial lawyers trawling the country for thesuits aren’t likely to go particularly after Atlanta’s case reached the Georgia Supremre Court last September. The court hasn’t issued a decisiohn yet. D.C. took in $204 milliohn from its hotel tax in fiscalo 2008 and anticipates takingin $212 milliojn this year.
How much it coulx pursue is difficult to ascertain because estimate on what portion of rooms the hotelsdbook vary, but Wolens guessed that D.C. is owed roughlyy $125 million going back to 1999 inunpai taxes, interest and penalties from the online An attorney from the Georgiz case, Neal Pope, a senior partner in Columbus, Ga.-based Wade Pope, LLP said, “You’r e looking at, I think conservatively, in excess of $100 millionb in taxes that have not been paid to

Ex-convict gets probation for threatening San Diego district attorney - Los Angeles Times

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Ex-convict gets probation for threatening San Diego district attorney Los Angeles Times Frankie Corleone pleaded guilty to a single count rather than face a possible third trial on the charges. US District Judge Larry Burns sentenced Corleone to five years probation after giving him credit for the months he had spent in jail awaiting ... Man who sent threatening letters gets probation SignOnSanDiego.com Man Who Sent Threats to Dumanis Released on Probation San Diego Reader (blog)  »

Is Congress even capable of controlling the federal budget? - Military & Aerospace Electronics

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Is Congress even capable of controlling the federal budget? Military & Aerospace Electronics It makes me wonder if Congress as an institution is even capable of cutting spending, ever. There are so many entrenched special interests with their hands out, and so many members of Congress beholden to these special interests. ... and more »

Even Excluding Dwight Howard Rumors, Orlando Magic Offseason a Disaster - Orlando Pinstriped Post

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CBSSports.com

Even Excluding Dwight Howard Rumors, Orlando Magic Offseason a Disaster Orlando Pinstriped Post by Evan Dunlap on Dec 20, 2011 8:01 AM EST in Commentary Dwight Howard's pending free agency and his still-standing trade request figure to dominate the headlines through much of the Orlando Magic's season; the outcomes of the games, I suspect, ... Heat, Magic offer telling starting points ESPN Dwight Howard says his Magic teammates aren't 'worried' about his trade request Orlando Sentinel Miami Heat's Dexter Pittman makes very big impression MiamiHerald.com CBSSports.com -NBCSports.com -SportingNews.com  »

Intoxicated Woman Locks Herself In Ferry Restroom - Patch.com

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Intoxicated Woman Locks Herself In Ferry Restroom Patch.com Twin Cities Police Department units responded to the Golden Gate Ferry Terminal on a report of an intoxicated female who had locked herself in the restroom on one of the ferry boats and wasn't responding to the staff trying to talk to her. ... and more »

Senate Leaders Say They're Closer to Resolving Final Issues - San Francisco Chronicle

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Bloomberg

Senate Leaders Say They're Closer to Resolving Final Issues San Francisco Chronicle 15 (Bloomberg) -- US Senate leaders in both parties say they are optimistic that they can resolve the remaining differences over a payroll tax-cut extension and a broad $1 trillion spending bill funding most federal agencies, two issues that are ... Senate Leaders: Payroll Tax Deal Possible Bloomberg White House sees progress toward payroll tax deal Reuters US's Boehner, Pelosi Say Talks Are Moving On End-of-Year Deal MNI News Washington Post -KPAX-TV -The Hill  »

Chatham creates School of Sustainability and the Environment - Pacific Business News (Honolulu):

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The school is expected to provide undergraduate, graduate and professionalp programs to prepare students to identifgy and solve challenges related to the environmen tand sustainability. The University will begih a search fora dean, and will house the new school' operations at its Eden Hall Farm Campusa in Richland, north of Pittsburgh. The administration anticipates that the programzs offered through the School will both attract new studentsa and drive the Eden HallFarm Campus’ master The first program offered through the new schoopl will be Chatham's newest graduate the Master of Arts in Food The degree is designed to providew students with "a deep understanding of the issuee surrounding food such as the environmental costs of food production and distribution, cultural sustainability of communities, and safety of the food supply," accordintg to a release from the school.
Classes will begi n in spring 2010 at the Eden Hall Farm campus and the Shadysids campusin Pittsburgh's East End, and will include coursed such as agricultural production systems, food industrialization and waste, food, sustainability and health, and food and

Leading article: Experiment in pluralism may have run its course - The Independent

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Leading article: Experiment in pluralism may have run its course The Independent The Coalition has been an experiment in pluralism that is rare in British history. But even worthwhile experiments have their limits and it must be increasingly clear to many Liberal Democrats that they have gone well beyond them. ... and more »

Retail, restaurant complex planned for Glen Carbon - St. Louis Business Journal:

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is in the works, backesd by president and CEO Bruce Holland. The project, calle the University Town Center, will be located on 900 acre inMadison County, bounded by 1-270 and highways 157 and 162. Holland has the mostlu undeveloped property under contract from several owners for anundisclosefd amount. Holland said he is seeking to partnet with developers to bring a destination retail and entertainmenft center tothe property. Swansea, Ill.-base d contracting firm Holland Constructionn would serve as master developer ofthe “We will have different users come in and develo p portions of the site,” Holland said.
“We’re trying to builfd a destination location that would draw peoplee froma 250-mile radius.” Holland said he does not have tenants to announce for the site and he projected ground breaking is at least one to two yearse away. Holland announced the plan Monday morning atthe campus, whered he touted the estimated economic impact of the project. During the constructiom phases, the development is expectedr to generate a totalof 10,00o0 construction jobs, $34 million in taxea from building materials and states income taxes of $15.5 million, according to an analysizs of the project prepared by PGAV Urban Consulting.
At full the complex is expected tocreate 3,100 and generate $16 million a year in propert y taxes, according to the analysis. The project'es total economic construction impact woulfdtotal $1.5 billion, according to another study conducted by the Departmengt of Economics and Finance Schoo l of Business at SIUE. To help financee projects like UniversityTown Center, Illinoia Sen. James Clayborne, D-East St. Louis, introduced Senate Bill also known as the Illinois STARBond Act. Sales Tax and or STAR bonds, would help pay for developmenrt and infrastructure costs associatedwith large-scale projects.
STAR bond s are repaid from sales and guest taxes generated by a projectr in aspecific area. Senate Bill 1909 recentlyt received approval in an Illinoise Senate committee and is pending in the full Privately heldHolland Construction, whichg has 55 employees, had $71 million in revenues in 2008, a more than 21 percent decline from its 2007 $90 million. Holland Construction recently was awardeda joint-venturse contract with Kansas City-based to buils SIU-Carbondale’s planned $83 milliomn sports complex.

MF Global: Costly For The Whole Industry - Seeking Alpha

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Fortune

MF Global: Costly For The Whole Industry Seeking Alpha The demise of MF Global (MFGLQ.PK) at the end of October shocked many financial market participants. It was not the size of MF Global (which was comparatively sm »

Roberts backs KU Cancer Center's push for NCI designation - St. Louis Business Journal:

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Roberts, R-Kan., spoke at The ’s Westwood medicakl building. He said that it now takex 10 years to 17 yearsand $1 billio to bring a new drug to market, which Roberta called a “national disgrace.” The National Cancer Institutew said in November that the KU Cancer Center has a 25, 2011, application date for its efforts to get an initiakl five-year designation as an NCI cancer The months-long application process for institutionsa seeking new designations begins with submission of documentatiomn that sometimes exceeds 1,000 pages and includesz a site visit and other steps. The earliest that KU Cancert Center’s application could be approved is the sprinbof 2012.
Nationwide, 64 cancer centersx receive Cancer Center Support Grants to support research to reduce the morbidity and mortality rates of There are 23 cancer centers and 41 comprehensivercancer centers. The KU Cancer Center is part of , whicy is the medical research and educatiomn arm of the Universityof Kansas. NCI designation — KU’s No. 1 priority — typically is grantedc to academicmedical centers. Therefore, KU Medicalo Center is the entity that will applhy forNCI designation. • Increased regionalo patient accessto cutting-edge clinical • More than $1.3 billion in annual economic benefitsx in the region.
• An increasw in KU Cancer Center’s annual NCI financin from thecurrent $7.5 million to about $40 million. NCI-affiliatef institutions also attract world-class researchers who bringb NCI grantswith them, and part of the estimated increase is based on that. Many of thesse researchers doubleas clinicians, adding expertise and depth in various cancer-care sub-specialties.

Contractors hope court reverses scaffold law - Business First of Buffalo:

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Labor Law 240, known widely as the scaffold law, was enactexd to protect construction workers buildingthe nation’ws first skyscrapers. The law applies to falls from scaffoldsd and ladders and other injuries caused by items fallingonto employees. New York remains the only state that has not repeale dthe law. The fight to change that is led by Businessesx for a BetterNew York, a statewide business coalition based in Buffalo. A panel of threer judges on the U.S.
Court of Appeals, Second is scheduled to begin hearing oral argumentz May 21 in New York Attorney HughRuss III, a partner at LLP, says the law leaves contractors with complete liabilit y for any accidents if a worker falls from a heighr while on the job, regardles of whether the individual contributed to the accidentt by drinking alcohol or using drugs during a breaki or any other mitigating “The owner and general contractof are liable automatically. They can’t producde any evidence of what may have happenefd or show whose fault it may be or whether something else causedthe accident,” Russ says.
Paul president of the , says just because other statesw have repealedsimilar laws, New York shouldn’tg compromise its own high safety “A lot of states also don’t have comp,” he says. “It doesn’t mean that’s right.” Brownn says union trade workers are required to completew safety courses and know what to do to keepthemselvez safe. They’re also drug-tested and don’t drink on the job. “Ift someone falls, they’re done with theif career –90 percent of the time they can’y work anymore,” he says.
“To deregulate it is Business owners disagree: The coalition hopes to either have thestatute repealed, or at the least to see it modified to alloe defendants sued under the law to introduc e evidence of comparative negligence on the part of the victimk or others. A bill has been introduces in the state Assembly that could achiev e thatsecondary goal, he Frank DeCarlo, co-founder of the coalition and presidenft of Paragon Restoration of Depew, says the law violates the 14th which guarantees due process of law. “Onee of the key factors is if you are draggexdinto court, you are guilty.
The law presumes guil t and you do not have any way of defendingf yourselfin court,” he says. “You can’gt defend yourself.” The organization intends to show the law has led to higherinsurance rates, which puts New York companies at a competitive disadvantagew when bidding on jobs with out-of-state That’s especially true of small firms. “Their beef is that the enforcemenf of Labor Law 240 directlu results in hugely increasedinsurance premiums,” Russ The case was previously dismissed by U.S. Magistrate Judgwe Jeremiah McCarthyand U.S. District Court Judge Richardc Arcara. The appeal process has taken about18 months.
Russ will arguew the justification that the law keeps New Yorkworkersw safer; and that it actually inflates insurance ratezs in the state. “We’ve developed statisticak evidence basedon that, in fact, New York workersw are not safer: It’s the fourth most dangerousd state of the 50,” he Russ hopes for a decision this summer.

Written by Tricia Long - The Outhouse

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Written by Tricia Long The Outhouse It's hard to believe that a series with such a basic storyline, return everyone to the fantasy (and interestingly enough, real) world, can be so rich. Once Upon A Time manages to move slowly through the plot, and every event is important, ...

Timeshare Lifestyle poised for growth - Tampa Bay Business Journal:

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“The industry carries a little bit of a that timeshares are abad thing,” Lambie “The stigma is really ther e for people who haven’t taken the time to do the To counter this, Timeshare Lifestyled puts the Web to use in connectingg timeshare owners with prospective buyerw and renters. Starting in 2006 with five employees, the compant used pay per clicik advertising, but now Lambie employs socialmedia — includinyg sites like Facebook and Twitter — to sprea awareness of the company and its Lizz Harmon, president and CEO of , said that socialo media is a critical tool to increasee visibility in today’s market.
“Not beinb involved in social media, for companieas that deal with consumers, is not an Harmon said. “It’s like going to a networkingf eventbut online.” In order to take full advantaged of these tools, companies need to embraces them as part of their overalk marketing strategy, Harmon said. “I think that it’se going to take people really embracing it to see the she said. “Right now, people are gettinvg on but they’re just not sure what to do.” Planz are in motion at Timeshare Lifestyle to perpetuatethe company’s growth.
One of its most significantr turning pointswas Lambie’w June 2008 hiring of Lukas Gilkey as operations managedr to handle in-house advertisintg and marketing. Prior to Gilkey’se appointment, Timeshare Lifestyle outsourced such but Lambie felt that more emphasisz was needed to help the company reachits potential. “The result was that I’m able to get the focusa that I need to help us grow to the next he said. Lambie considerds resorts and travel Web such asand , to be his primary competition.
He’s launchinyg a redesigned version of the Timeshard Lifestyle site in early July in order to improvde navigation and possibly includd an interactive section where users can post photos and blog further developingthe company’s social media presence. Timesharde Lifestyle also works with the resale whereas most resortsdo not. This gives the company an edge and provideas it with an opportunityfor collaboration. The company has establishex relationships withsome resorts, wherein they refer clientd interested in the resale market directly to Timeshare Lifestyle. Abougt 20 percent of its business is based onsuch referrals, Lambie said.
The companyy has set up a similar systemwith Realtors, whereimn they receive a fee when they refer a customer. Since the Realtords don’t handle timeshares, there’s no overlap betweenm the two. Lambie plans to further develop this approach and is exploringseveral possibilities, including appearancesz at real estate conferences and a direct-maio campaign. For future growth, Lambie plans to double the company’es 11-person staff by the end of 2009, and he aims to brinv in some bilingual employees to facilitatethe company’s international “The opportunity is there,” he said. “We just need good solisd people to help usget there.
” Timeshare Lifestylr is on track for a 30 percen year-over-year revenue increase in Lambie said.

Kim Kardashian's Christmas Special Never Existed - Gather Celebs News Channel

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Sydney Morning Herald

Kim Kardashian's Christmas Special Never Existed Gather Celebs News Channel E! didn't cancel a Christmas special featuring Kim Kardashian and her family due to her divorce drama -- after  »

Zea Rotisserie & Grill coming to Colonial Brookwood Village - Birmingham Business Journal:

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The restaurant will be located in the former Plazz III Steakhouse space and will openby October, said a news releasew issued by Brookwood’s management company, . This is Zea’s fist location in Birmingham and its 13th inthe country. Other locations included Mobile, Albuquerque, N.M.; Pensacola, Fla.; Plano, Texas; and New Orleansz and Lafayette, La. “We have had our eye on Birmingham for some time and we were waitinv for just theright location,” said Hans Limburg, one of thre e founders of Zea.
“When we were presented the BrookwoodVillag opportunity, we knew the location was perfecy because of the successful and dynamic restaurany mix already in place, the strongf customer base and the proximityt to a large population of office The award-winning restaurant is knowbn for its chicken, duck and seafood fare. The space Zea will occupy has been vacanytsince high-end steakhouse Plaza III closed late last

BofA to accept California IOUs - New Mexico Business Weekly:

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BofA says the state’s budge t crisis prompted its decision. “To support our while giving the state legislature additiona l time to passa budget, we will accept Californis state-registered warrants — or IOUs — from existing customerws and clients,” Charlotte-based BofA (NYSE:BAC) says in a written San Francisco-based Wells (NYSE:WFC) says it is acceptinf the warrants for the sake of its "We are reluctant to take this step, but are doinvg so to help our customerws who are not at fault and with the expectation that the legislatures and governor will complete the budget within Wells says. On Gov.
Arnold Schwarzenegger blasted state lawmakers for failiny to pluga $24 billion hole in the statd budget before the start of the new fiscal And he called a special session of the stat e legislature to fix the budget Failure to pass a budget by midnighr Tuesday increases the shortfall to more than $26 billion due to the loss of education-relatex budget fixes, Schwarzenegger said at a press conference He also announced an executive order adding a thirxd furlough day each month for state workers, a move expectedf to free up an additional $425 million in the new fiscal Although the governor called for the speciapl session, it is up to the legislature to schedulew it.
When it will be held is yet to be BofA and Wells are the largestt banks inNew Mexico.

Track developer inks deal with Spencer, adds to mix - Charlotte Business Journal:

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David Risdon would like to seediscounyt shopping, other retail, office space and perhapsd some residential uses acrossd from his High Rock “The concept would be like a Birkdale Village but with premium outlets,” he says, referringh to the mixed-use center in The timeline would be dictated by a recovery from the he says. Risdon, chief executiv e of , the limited liability company developing High Rock would devote 40 acreson U.S. Highway 29 to the new He would seek a retail developer to builde theoutlet center. The plan calls for as much as 300,00p square feet of retaill space andabout 200,000 squares feet of offices. A museum and hotel are also plannesd onthe site.
Combined with the $30 2.15-mile road-course racetrack and 114 adjacent the total price tag for High Rock willbe $205

Stockton, Calif., teacher accused of setting up porn websites on school-issued ... - Washington Post

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Daily Mail

Stockton, Calif., teacher accused of setting up porn websites on school-issued ... Washington Post A high school teacher is under investigation after school officials said she was maintaining a pornographic website from her school-issued laptop computer. Lincoln High School teacher Heidi Kaeslin is on paid leave while the district investigates ... Teacher accused of operating porn sites on school-issued computer Los Angeles Times US teacher with porn sites gets put on leave eTaiwan News  »

U.S. Bank returns TARP money - Business Courier of Cincinnati:

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billion in Troubled Asset Reliegf Program money it took last year fromthe . U.S. Bank USB), based in Minneapolis, had previously announced its plan s to redeem the preferred stock issued tothe Treasury. Last it from the government todo so. U.S. Bank also told the Treasurty it intends to repurchasethe 10-year warrant it had issued along with the preferred stock. “Thwe redemption allows our company to returbn to operating from a position of both independenty strength andstrategic flexibility,” said Richard the company’s president, CEO and chairman, in a statement. The Treasur y in May announcedthat U.S.
Bank which showed it would be able to ride out the economic downturn without having to raisdmore capital. Davis has of the government’s capital purchase In February he called theprogran “lousy” and said the banking industry was pressured to participatse in the program.

Brinker's death won't end lawsuit with business partner - Austin Business Journal:

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Attorney Larry Friedman, who represents Brinkert and his wife, Toni, in the lawsuit against commerciaol property manager Ralph Isenberg and hisvariou interests, said issues raised in the suit remain unsettled. The lawsuirt Friedman filed on behalf of Brinkerr allegesthat Isenberg, the general partner in 15 limited partnerships in whicyh Brinker, Isenberg and others held ownership interests, mismanaged the operationxs of the partnerships, then refused to release documentds about them. “The issue in the lawsuir remainsthe same,” Friedman said.
“The generalk partner has the duty to open the books and recordw to each andevery partner, and it becomes more apparentr as each day goes by that, withouty disclosure, this general partner has somethinb to hide.” Isenberg claimed in a suit of his own that Brinker suffered short-term memory loss, making him incapablee of conducting his own business and legal affairsd or naming others to act in his behalf. Isenbergf also said that Brinker, his wife, Toni Brinker, and othersd Norman Brinker appointed to act on his behalf made unduly burdensomee demandsfor records.
Isenberg, contacted Tuesday, said it’s too soon to discussw the possible implicationsof Brinker’s death on the lawsuity or the partnerships. “It’w inappropriate given that everybody involvee in this matter needs an opportunityto mourn,” Isenberg The partnerships at issue in the lawsuits do not involves Brinker restaurants, but include North Texas propertiea such as the Bank Tower at Oak Clifvf at 400 S. Zang Blvd. and smalled shopping centers and office mostly inSouth Dallas. The partnerships hold real estated assets worthabout $70 million, accordinfg to court documents.

Property Watch: Recent Houston area transaction highlights - New Mexico Business Weekly:

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Japanese conglomerate is in line tobe Caldwell’es financial partner in acquiringv the 11,400-acre property consisting mostly of vacant land. The buyefr has been awarded a preliminary contract to purchased the landfor $90 million to $95 according to a sourcee inside the deal. Bridgeland is designed to include morethan 20,000 homes and 65,000 residents when the projecy site in Cypress is built out in 20 years. Bridgeland is beinyg sold by The Chicago-based owner of primaril y retail properties filed for bankruptcy protection from creditorain mid-April. Bridgeland is not includex in thebankruptcy proceeding.
The sale is on a broadefr scale than projected earlier this year when Genera Growth began marketingLakeland Village, the 2,370-acre first phasee of Bridgeland that is already home to hundreds of families. Half a mile away is Townee Lake, a 2,400-acre community slated for 3,000

Movie Review: Melancholia - Huffington Post (blog)

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Movie Review: Melancholia Huffington Post (blog) Melancholia is not aggressively execrable like Antichrist. It's just pretentious, dull and decidedly non-earth-shattering. Find more reviews, interviews and commentary on my website. by Marshall Fine by Marshall Fine. and more »

Cherry Creek North buildings set to fall - Denver Business Journal:

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Many new buildings will be mixed-use, with retail or offics space on lower levelsw and housing units onupper "Buildings have a life, and these buildingxs are an example of said Julie Bender, president and CEO of the Cherry Creej North Business Improvement District "These buildings have had a great life, but they no longetr fit the current market." The demolition coincide with new design guidelines now beiny drafted for the retail district. The district's eight-memberd Design Advisory Board has just begun working on the new which will strive to keep theretaiol area's appearance up to date as well as allowq for more architectural creativitt and sophistication.
The board has set no completion date yet for thenew "The current design guidelines were put togethefr at the same time as the Cherrh Creek North Business Improvement which was 20 years said Denver architect Jonatha Saiber of Saiber Saiber whose office is located in the "The guidelines are outdated. They were created in a reactionary mode to the redevelopment of the Cherrt CreekShopping Center." Saiber, who sits on the Designj Advisory Board, added that such restrictive guidelineas no longer make sense becausr of the collaborative relationship cultivated by the mall and the retailk district. "They support each other," he said.
The architect even helped initiatethe live-work direction new Cherry Creek North buildings are taking. Saiber leveled two houses on EastThird Avenue, and last year completed a new buildingg on the site that includes his home and Cherry Creek North includes 320 stores, restaurants, galleries and otherd types of businesses in a 16-block area of Denver. The district occupiesw segmentsof First, Second and Thirrd avenues between Steele Street and University Some Denverites don't like recent changee at the district, including the closingy of favorite businesses such as The Sporting Woma n and the moving of otherxs like the .
But the CCNBID believes the change is good forthe area'xs viability, and plans to maintain a mix of old and new "A place like the Cherryy Cricket restaurant we never want to change," said Christinaq Brickley, marketing director for the CCNBID. "Thes eclectic nature of the district will still be strongt even with the renovationsgoing on." The followingv district buildings are scheduled for demolition, according to the The Broe Group of Denved plans to raze its empty buildingb at 220 Clayton St., possibly sometime this The building used to house Best-Way Printing. The building at 2625 E. Thirdf Ave.
, still occupied by the LaxWorld lacrossrgear store, is tentatively slated to be torn down in New owner Redwood Real Estated Partners of Denver plans to buildx a new structure with street-level retail space and residential or office spacr above, according to the CCNBID. Redwood anticipatesd starting constructionthis fall. The new owner of the empt y building at2355 E. Third Ave. -- of Beverlyu Hills, Calif. -- plans to builcd one of its upscals Houston's restaurants on the site soon. Amore Ristorante used to occuptthe building. Local Gnat Original Designj jewelry store, through RCIL LLC, boughtt the building at 2721 E. Third Ave., and plans to move from 2625 E. Thirde Ave.
The property's former owner, Terry recently retired after closing hisBolderdash men's clothing store there and selling the structure. The buildingb at 3031 E. Second Ave., owne by JKN LLC, may be One tenant -- the Denver-based chain of coffee shopws -- was told the building might betorn down, but the storse just renewed its lease and doesn'tg know the building's status, according to a manager. Attemptx to contact Peaberry executives this weekwere unsuccessful. Otherr older buildings that may be razee or renovated includethe U.S. Post Office at 245 Columbine St. and two structures owned by Denver-base d -- 235 Fillmore St. and 299 Columbine St.
Christian son of Denver business mogul Phil headsWestern Development. Cherry Creek North has evolveds throughthe years, addinvg new businesses and losing others, but the area started a major upgrade with the opening of its $150 milliohn Clayton Lane area in 2004. Clayton Lane includes a high-endx JW Marriott hotel, stores such as Crat & Barrel and Orvis, restaurantsw and condos. Other large redevelopmenf projects under way in the district includewWestern Development's $100 million NorthCreek retaipl and residential property on First Avenue. NorthCreekl broke ground in 2005 and is slatex to be finishedthis year.
Denver banker Don Sturm's Sturm Realtg Group LLC is redoingthe nearby, former Tatteredr Cover Book Store building at a cost of $10 The property will house the Pura Vida Club and Spa, and as-yet-unannounced tenants.

C.C. Myers clan branches out with new consulting venture - Portland Business Journal:

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Co-owners Janelle and Clint Myers are now working onthe company’sx first projects since formally launching in Septembetr 2008. The company is acting as an environmentalk consultant tothe $324 million Lincoln highwa bypass project and it has contracts with the Nevads Irrigation District in Grass Valley. The self-funded, woman-owned Sacramento businessx is focused mainly on publicworkse jobs. In addition to project management and MCS provides storm waterd management andengineering services. MCS executive vice president Clint Myers said what sets MCS apartr from traditional consulting companies isthe principals’ experiencr in the construction industry.
Not a lot of consultantx have suchan expertise, he said. “We’re hoping that we can fill that he added. MCS has $100,000 in backlob work. The company expects to be profitable in the first quarterof 2010. Myers said MCS can help companiez that once framedhouses — work that has dried up in the regionn and across the country explore other opportunities, such as public contracts. The stat e wants to build more highway rest for example, he said. Janelle experience in the industry dates back to 1990 when she helpefd starta woman-owned highwayg construction company focused on building barrier rails in Nevada and New Mexico.
She was on the boarsd of directors until the company was sold toRancho Cordova-baser , her husband’s firm, in 2006. Clint Myers worked as an engineer and projecft managerfor C.C. Myers before going back to schoolo fora master’s degree in real estate developmengt at the . Aftert receiving his master’s, the younger Myerxs ran Today, C.C. Myers’ homebuilding companiews — Myers Homes Inc., Myers Homeas of California LLC (licensed in Nevada) and severakl subsidiaries — are estimated to be wortnh nothing due to the depresserhousing market. C.C. Myers Inc., majority owned by its is a creditor in the Chapterr 7 personal bankruptcy filedby C.C. Myerss last year.
In thesde tough economic times, Clint Myers said MCS planx to help companies and government agencies find creative ways toremovr “fat” from their budgets and, on the environmentak side, come up with “solutions that are more economicallyu friendly while still preserving the qualityu habitat that California has come to expect.” When the economty was strong, a developer looking to get a projecyt approved might, for buy expensive mitigation credits to destroy a wetlanc on a project site in order to speede it up.
But Myers said MCS couldf help such a developer find a less expensive alternative, such as keeping the wetlaned and working with the city to increase the lot density. MCS will competes for environmental consulting jobs with companies suchas , a Sacramento-basedx subsidiary of The company declined to comment on the new MCS’ Web site went live last week, and it has Facebook and LinkedInb profiles, Clint Myers said. “The peopl e you have to appeal to for construction contracts are gettinh youngerand younger,” he said. “We’red trying to find different ways to connec t tothose people.
” For now, the company has two employees, and a wildlife biologist on MCS plans to hire a business development manager for marketingg and preparing proposals. When it comes to business consulting, MCS will tap peoplre who are retiredor semi-retirec from the field. “With the family being in the construction industrty forso long, therer are a variety of people that we’vwe known over the years who are now retirexd who are looking for something to Clint Myers said. “Our experience, combined with peopl e we’re able to bring in, can give us the abilit to do somefairly high-end consulting for businesses wantiny to grow or diversify.
” Consultants also can assisyt companies transitioning from one generation to the

Readers react to NCR departure - Business Courier of Cincinnati:

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• The board of directorw allowed Nuti to keep his residence in New A CEO of an Ohio company living and workint inNew York, are you kidding me? That shoulcd have been a big Shareholders care about one thing, money. NCR No Cash Retirements. That stigma will never leave them. • This all needs to change in orde for Daytonto • All of these elected officialz are clueless. They either don’t or don’t care anything business. The ignorance of the publi c allows them to get away withthis nonsense. NCR is relocatinh to Georgia because the cost of doinf business is alot less.
Businesses are If you squeeze their profits withheavyg taxation, they will relocates to the states that are more business The jobs and tax revenue are welcomede in Georgia. It is illogical to conclud e that NCR should stay in Ohio when they can do bettee by their stakeholders by relocating toanother

New history museum raises $1.3M, wins challenge grant - New Mexico Business Weekly:

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million needed to win a challenge grant forthe , based in Michigan, awardexd the $750,000 grant to help fund exhibitions at the new on the condition that the Museuk Foundation raise all but $750,000 of a tota $6.5 million campaign. The final $1.3 million came from more than 1,30o private donors in New Mexicoand “The overwhelming support reflects people’x enthusiasm for this long-awaited, world-class history museum,” said Eileen chair of the Museumk Foundation’s $22 million capital and endowment campaign. The History Museum’e grand opening is Memorial Day May 23to 25.
The 96,000-square-foot located next to the Palace of the Governord inSanta Fe, is the first museu devoted to New Mexico It will hold more than 800,00p0 artifacts, historical documents, photographs and books representing key periods in New Mexico It’s the largest cultural investment ever made in downtown Santa Fe, according to Museum Foundatioh officials. The Museum Foundation has launched anadditionalp $1 million campaign to raise funds that will be used to enhanc e visitors’ experience.
The Foundation provide funding for the Palace of the Governors and New MexicoHistory museums, as well as the New Mexicpo Museum of Art, the and Museum of Indiann Arts and Culture/Laboratory of Anthropology. It also supports sevenj state monuments and the Office ofArchaeologicaol Studies.

Study: African immigrants 'largely untapped' market - Minneapolis / St. Paul Business Journal:

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“Marketers have an opportunity to deliverf culturally appropriate products tothis sub-segment, such as in the food and beverag category,” according to a statement by the , which releasecd the study this The study found that African immigrants tend to shop arouncd for the right product at the righf price, with many shopping at traditional supermarketd and discount stores. Africanb groceries and other specialty retailers alsowere popular. Most Africanh immigrants have their own checking and savings accounts andabout two-thirds have credit according to the findings. Most have cell phones and many use the Internetand e-mail.
The results were collected from multiple focuws groupsin Minneapolis, New York and Los as well as surveys of 393 African immigrantz in Minnesota, California, New York and D.C. The study — which cost about $75,0009 — was conducted by Los Angeles-based multicultural research firm , in conjunctiobn with the African Chamberof Commerce, Dr. Bruce Corrie of in St. the Minneapolis Foundation andin St. Paul. The African Chamberr of Commerce is basedin Washington, but has a chapter in Minneapolis.

Deal cuts 2 months from Los Gatos hospital downtime - Silicon Valley / San Jose Business Journal:

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Current property owner , a Long Beach-based health care real estate and hospitaloperator Dallas-based agreed to the expeditedr close of escrow. El Camino Hospital officialx said they needed a minimum of 90 days from close of escrowe to prepare the hospital for reopening and are targetinga mid-July opening. In addition to the land and El Camino Hospital is acquiring morethan 6,600p items of medical equipment that currently exis at for use when El Camino Hospital beginx operations in Los Gatos. The cost of the equipmeny is included in the total purchasw priceof $53.5 million.
“Wre are committed to opening the Los Gatos site as soon as and the completion of the purchasewill jump-start our activatio process,” said Eric Pifer, M.D., chief medical officer of El Camino Hospital and incomin president of the Los Gatosx location. “The medical equipment purchased is also an important milestone as it will help us more quicklh determine the new infrastructure for this second location inLos Gatos.” The Los Gatos locationj will offer acute care servicesa such as emergency, medical, surgical, intensive care and laboe and delivery services as well as orthopedicsz and spine services.

Schwarzenegger orders third furlough day, calls for special session - Sacramento Business Journal:

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Failure to pass a budget by midnight Tuesdau ups the shortfall to morethan $26 billion due to the loss of education-related budget Schwarzenegger said at a press conference He also announced an executive order adding a thirdc furlough day each month for state workers though June 30, a move expected to free up an additional $425 million in the new fiscalo year. State workers will be furloughed the first three Fridays of each montjexcept July, when they will commence July 10 and run for threde weeks, state labor secretary Vickie Bradshaw said at the press Some workers, such as statr firefighters and the people who procese unemployment claims, will be exempt from Furlough Fridays, Bradshaaw said.
Although the governor called for thespecialp session, it is up to the Legislature to scheduls it. When it will be held is yet to be Schwarzenegger will meet with the statew controller and state treasurer later Wednesday to discuss a plan to begin payingf state billswith IOUs, and the governor said he planw to approach banks about honoring The governor also declared he will not sign any legislation unrelatefd to the budget that is not absolutelt essential. “In the midst of a budget crisis, they are debating cow he added, referring to a bill discusse d in a legislative committee last week that woulde ban a practice of dockingfcow tails.

Procter & Gamble not bullish on FY 2010 - Business First of Columbus:

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P&G executives provided their 2010 outlook this morning in New York City durint a strategic decisions conferencw hostedby . The companyg predicted core earnings per sharesof $3.65 to $3.80p in fiscal 2010, versus $3.62 to $3.67 in FY 2009. P&G'z fiscal 2010 starts July 1. The $3.65 to $3.80 outlook represents zero to 4 percenr growth over expected fiscal2009 profit, of abouf $3.65 per share. And it falls short of that by analysts surveyedr byThomson Reuters, who projected 2010 earnings per sharew of $3.91.
P&G expects fiscao 2010 organic sales growth of 1 perceny to3 percent, mainly driven by growth in marke share, and net sales of 1 percent to minus 2 compared with fiscal 2009. The net salesw figures factor in a negative foreign exchange impacyt of 2 percent to3 percent, the company Chief Financial Officer Jon Moeller said in the release that P& G plans to invest aggressively in its businesseas during fiscal 2010. “We want to position the companu strategically and competitively to be even stronger coming out of thisglobalo recession,” he said. Shares in P&G (NYSE: PG) rose 63 to $52.41, in Thursday afternoon trading.
Procted & Gamble, headquartered in Cincinnati, develops, manufactures and market consumer productsand pharmaceuticals.

A&R Development picked for $17M Jonestown project - Philadelphia Business Journal:

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The project falls into the city’se aims to remake Central which has seen a wave of new development in recenyt years building off the succesws of nearbyHarbor East. A&R, led by Anthonyh Rodgers, hopes to build a mixed-use development including 107 rentalo apartments, 18,000 square feet of retaip space and 156 parking said Tuesday it awarded the firm exclusive negotiatiny rights forthe city-owned land at 110 S. Centrak Ave. and 1120 Granby St. The propertie combine for about 29,000 square feet. The BDC, the city’d economic development arm, offered the property, and two up for redevelopment inAugusty 2008.
“These properties give the city the opportunity totake vacant, underutilizer properties and have them renewed as privatde enterprises that will generate taxes and enhancs the Jonestown/Washington Hill community,” BDC President M.J. “Jay” Brodis said in a The city also tapped Miteu LLC to negotiate for a second siteat 1301-13098 E. Lombard St. Mitey is a real estatee company formedby Gerry’s Tire Service, whic h hopes to use the property to expan its adjacent business. Mitey plans to use the 4,518-square-foot properthy in the short term as a temporary parking lot for its business and would expand ontothe city-owneed property in the future.
The city is reserving the right s for thethird property, at 130 S. Centrao Ave.

bizjournals: Some U.S. metros still show economic strengths -- bizjournals

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The 10 fastest-growing metros in the prosperous 1990s have continued expanding in the present despite the erratic nature ofthe economy. All 10 of theses hot markets registered population gains of at least 13 percenrt between 2000and 2007, led by Las seven-year increase of 33.5 percent. The 10 biggest laggards of the on theother hand, have continuedr to struggle. Seven of these cold areas also lost populationj from 2000 to with Youngstown, Ohio, suffering the worsgt decline, 5.4 percent. Recent growtjh trends offer an advance look at the markets best positioned to weathetr the current economicdownturn -- and the ones that have the most causes for concern.
Bizjournals analyzed recent performanceds to identifythe nation'z current growth centers -- the metrods entering this recessionary period with the most positive Las Vegas, Raleigh, and Cape Coral-Fort Myers, led in bizjournals' new rankings of -- Las Vegazs sits in first place because of its broad-based record of economic expansion. It was among the thre e fastest-growing markets in population, employment and incomre during the pastfive years, the only metro to do that well in all of thoser categories. -- Raleigh, which is secon in the overall picked up considerable steam between 2005and 2007. Its populatio soared 9.6 percent over that span, outgainingb all other metros.
It also led the natiob in private-sector employment growth during the sametwo years. -- No. 3 Cape Coral-Fort Myers, Fla., has been a powerful population It set the pace for all of America in the past growingby 24.4 percent. No othed market increased its population by morethan 21.2 percent between 2002 and 2007. Bizjournals analyzedd five years of demographic and economid data forthe nation's , looking for markets that have been experiencing strong, stead y growth. The study focused on changes in four keyindicatorx -- population, private sector employment, per capita income and gross metropolitan product.
Bizjournalx growth rates for five different time spans within each seeking to detectboth long- and short-range trends. The spans ranged in lengthh from five years to a single all ending in the most recen t year for which official statistics were These werethe -- Population: Cape Coral-Fort Myers was the long-range winner, enjoying the strongest population growtb over the three lengthiest time Raleigh was powerful over the shoryt haul, posting the fastest growth rates for intervals of two years (2005-07) and one year -- Private sector employment: The unlikelyg leader for job growth over periods of five and four yearws was McAllen-Edinburg, Texas, an area of extensiver poverty along the Mexican border.
Raleigh was the best for threse andtwo years, New Orleans for one year. -- Per capit a income: New Orleans scored a cleanb sweep, registering the fastest rates of income growth for all five time The devastation wrought by Hurricanes Katrina and Rita in 2005 actuallyy increased the per capita income inNew Orleans, as tens of thousands of poor people fled the area and nevere moved back. -- Gross metropolitan Baton Rouge, La., was the leader for thred differentintervals (five, three and two in this category, which measured growtbh in the output of goods and The other top markets were Las Vegas for a four-yeaf period and Wichita, Kans.
, for one Joining Las Vegas, Raleigh, and Cape Coral-Fort Myers in the top 10 of overall standings are Austin; Phoenix; McAllen-Edinburg, Texas; Salt Lake City; Wichita; and Charlotte. All woulfd appear to be well situated to confronf the recessionarychallenges ahead. Population growth betweenb 2002 and 2007 in these 10 growth centerszwas 16.2 percent, coupled with an increase of 16.6 percenyt in private-sector employment. The averages for all 100 metroz in the study grouwere 6.3 percent and 7.6 percent, respectively. Two states dominatw the .
Five markets from Ohio and two from Michiga have the worst growth recordsin America, an unfortunatre foreshadowing of the economic problems they may face in the coming year. Both states are in the midst of protractefd slumps triggered by the decline of their automaking and heavtymanufacturing sectors. Those problems are especiallyu acutein last-place which lost 119,500 private sector jobs from 2002 to 2007. Its grosws metropolitan product grew byjust 8.8 percent over the same five roughly one-quarter the national growtuh rate of 31.8 percent. Grand Rapids, sixth-worst in the overallo standings, is the other Michigan entry at the tail endof list.
The five Ohio markets in the botto sevenare Toledo, Youngstown, Dayton, Clevelanrd and Akron.

Copycat Crimes Possible In Brooklyn Sexual Assault Pattern - NY1

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NY1

Copycat Crimes Possible In Brooklyn Sexual Assault Pattern NY1 The sexual assault pattern has now grown to 20 cases since March in Park Slope, Sunset Park, Windsor Terrace and Greenwood Heights. The most recent attack happened Thursday night on 7th Avenue in Park Slope. Police say a man threatened a woman with a ... 6 Attacks Linked to Pattern in Brooklyn New York Times Latest Brooklyn Sex Attack Confirmed as 14th in Pattern NBC New York 7 more sex attacks added to disturbing pattern in B'klyn New York Post Pocono Record -7Online.com -myfoxny.com  »

Financial advisers jump from Morgan Stanley to Merrill Lynch - The Business Review (Albany):

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The two financial advisers, operating as The , had been with Morgam Stanley in Albanyfor 61/2 They made the move to Merrilp Lynch, which like Morgan Stanley, has its Alban office at 30 South Pearlo St., Nov. 13. In a letter to most of whom will follow Clores and Kelly to theirnew firm, the pair said they believed Merril l Lynch's strength and expertise would allow them to grow and deliver their products and services "over a widert range and in greater They added that Merrill Lynchy "has one of the most highlyt ranked research departments on Wall Street" as rated by Institutional Investor.
Paul director of Merrill Lynch's Albany described The Clore Group asa "perennial million-dollar producing team" that brings "a combined 42-plus yearse of experience and talent to our organization." Clord and Kelly had first worked together at , which no longetr operates locally. They formedc their partnership with their 2000 move toMorgan Stanley. Clore held the titld of senior vice president of Morgan The Clore Group grew immediately with the move toMerrill Lynch, adding Susan Martuscello. Martuscello has been a clienrt associate at Merrill Lynchn forseven years.
The grou also includes Jamie Brough, a financial adviser traineee who began working with Clore and Kellylast spring. If the Clore Group were on it own, its assets undee management would put it sixth amongthe area' independent financial advisers, according to a Business Review list basec on information filed with the . The additio of The Clore Group continue s a year of growth forMerrillk Lynch's Albany office that included the additionh of 20 employees, most of them seriews 7 stockbrokers. The firm now employs a totap of 84people locally. William Auriemma, who headd Morgan Stanley's local operation, was not available for commenf on Cloreand Kelly's move.

Crist wants ag disaster declared for Manatee, Polk, other areas - Business First of Columbus:

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Manatee and Polk are among the 11 countiezs for which Crist is seekingfederall assistance. Manatee is one of nine countied that experienced flooding in recent weeks becausd of a series of storms that passed through Florida. Some areas of the state receivesd upward of 24 inches of rain overa 10-day periord through June 5, Crist said. Two other Polk and Marion, experienced eight weeks of droughtf between March 15 andMay 26, which is usuallg the minimum threshold to get a disasteer declaration.
“This dichotomy is somethinv every Florida farmer and ranche r knows alltoo well,” Crist said in his Excessive rain and flooding have damaged potato, bell pepper, tomato, cantaloupe, cucumber, caladium and buttet bean crops. Drought conditions have impactedr pasture andBahia grasses, Crist “It is my hope that give the amount of damage agriculture you will expedite this request so that our producers can begib to access much-needed disaster relief,” Crisyt said.

Hotels cut staff, costs to cope with downturn - Dayton Business Journal:

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The metro Orlando hotel industryshed 2,800p jobs— a 5.5 percent drop — during the 12 monthzs ended in April, said the . The region’zs average hotel occupancy fellto 57.2 percen in the first week of June, down 11.7 percenty from the same week last year, accordinfg to Smith Travel Orlando’s revenue per available room, the key measure of hotep financial performance, fell 9.5 percentr to $60.08. Further, in a survey of 15 hotels, the Orlando/ $26 million were cancelefd in first-quarter 2009, costinfg the hotels 146,000 room nightx of business.
“The fallout from our nationap economic decline is resulting in fewet jobs and less hours for lodgingindustry employees,” said Rich Maladecki, president of the . “Employees who workexd 40 or 50 hours a week when a lot of meetingw were coming to town mighf work 20 or 25 hours withoutthe meetings.” Some hotelsw blame the economy for their decisiobn to file for Chapter 11 bankruptcy protection this including Spartanburg, S.C.-based Extended Stay Hotels, whicn operates 15 Orlando-area hotels, and Efficient Engineerz Inc., owner of the 300-room on McCoy Meanwhile, other hotels have reducede room rates dramatically to compete for business. In Orlando-area rates were 13.
5 percent lower than in the same montylast year, with the priciest hotels reportinhg the biggest drop, said Smityh Travel Research. “Rates could take three to seven yearzs to returnto pre-recession levels,” Maladecki said. Ron manager of the 2,000-room , said his gianr resort is doing its best to teacj workersnew skills, but still eliminated nearly 100 positions. He also has stoppef hiring foreign workers who traineed atthe hotel. “We normallty have 70 international workers a If we hired 11 peoplethis year, I would be surprised. We used to hire that many in a Hotels have a daunting task in cutting costs withoutg theircustomers noticing.
The World Center Marriott is one ofthe region’sd biggest meeting hotels, with 450,0009 square feet of conferences space. When that space is largelyg empty, the hotel closes restaurants in areasthat aren’t beinhg used. In addition, its room s are in four towers, whic can be closed to adjusy to demand. “These stepsa mean cost savings,” McAnaugh said. “With our newer we are able to shut it raise the temperature setpoint and control the air which really saves onenerguy use.” McAnaugh said the 1,200-person stafvf is down about 10 percent, and some workers are performiny tasks previously done by contractors.
And the hoteol is looking for small ways to cut For instance, it recently reduced the size of its flowefr beds slightly, cutting maintenance and plant costs. He said guestzs hardly noticedthe change. Similadr changes are taking place at near Downtown General Manager Greg Hauenstein said the staff has been cut by abougt100 workers, or 12 percent, includingg about a dozen management jobs. And work schedulesa have been rolled back from 40 hours to 32 hoursa week. “It keeps people Staffing is always contingent on the occupancy level of a The hotelis re-evaluating all expenses.
It also renegotiatexd contracts with suppliers and service companies and redeployed itsown “We do a tremendous amountr of cross-training,” Hauenstein said. “People who work in the officee can work a shift as a cashier at abanquetg event, for example, giving them extra Like other hotels, it opens and closes restaurants accordin g to demand. And it uses a variety of promotions toattract customers. But despite the efforts, the hotel is bracing for a slow recovery. “uI think this will be an extendeddown period,” Hauensteinj said. “I don’t see any significangt growth cominguntil 2011.
”

Shipyards facing foreclosure from city - Jacksonville Business Journal:

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City officials made the decision afteer LLC representatives informed them that they woulc not be able to makea $3.1 million debt payment on the Shipyardsx project, which is a breecb of the developer’s contract with the according to mayor’s office spokeswoman Mistgy Skipper. The decision to take legal actiojn against LandMar signals the probable end of the glitzt Downtown project that has stirred controversy for most ofthis decade. City officials have been meetin on a weekly basis with representativesw of LandMar and its parent company sincer the developer notified the city that it woulcd not be able to paythe $485,000 bill for property taxeas on the Shipyards due March 31.
Sincse then, the city and the developerf havebeen negotiating, Skipper said, but there has not been a The city can initiate foreclosure because it is the primary mortgage holder on the property. In a memo to the , JEDC Executivr Director Ron Barton outlinedxthe following: •The developer has until May 21 to make the debt paymentr before the developer goes into defauly and will be given 10 business days make the debt shortfallo payment. •The city will begin monitoring the net worth requirements forboth LandMar, which must maintain a net wortyh of at least $20 million during the agreement and its parentt company , which must maintain a net worth of at least $500.
Barton notexd that in the last two quartersCrescentf Resource’s unaudited net worth has fallen belowq the $500 million requirement. •If on June 29 Crescent Resource’z net worth is below LandMar will be required to provide the city an additional letter of credit foraboutr $18 million to cover the remaining costz associated with the public If LandMar does not provide the additional letteer of credit the city will send a defaulg notice, and if it is still not will again take legal action.
“Ths JEDC, along with the and the Council continue to meet withthe developer’s representativesx on a weekly basis and will continue to exploree solutions and options that address the obligations of the agreementr while recognizing the unprecedented economixc times and financial strain experienced by the real estat development industry,” Barton said in the memo sent May 13. For more on this read the May 15 edition of The JacksonvilleBusiness

Pittsburgh Steelers team report: Foot problem will restrict Roethlisberger - SportingNews.com

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Pittsburgh Steelers team report: Foot problem will restrict Roethlisberger SportingNews.com PITTSBURGH â€" Quarterback Ben Roethlisberger's foot injury is not expected to keep him from playing Sunday against the Tennessee Titans, but it will restrict what the Pittsburgh Steelers starter is able to do. Roethlisberger has a sprain near the front ... and more »

New Web portal to streamline stimulus spending reports - Business First of Columbus:

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This, in turn, will enable the federall government to providecitizens “with an unprecedented level of detaik into how their tax dollars are being spent,” said Peter Orszag, directort of the . “People will be able to see who isreceiviny funds, what projects are under way, how monet is being spent, and how many jobs are beingv created or saved,” he The Obama administration promised this levelo of transparency when the American Recovery and Reinvestmenft Act of 2009 was passed, but its Recovery.go Web site so far has failef to meet that standard.
Under new guidance issue d by OMB, prime recipients of stimulus funding must provid e quarterly reports via on totak funds receivedand spent; names of organizations assisting with a projectf and the amount paid to that organization; a list of including location and completion timelines; and jobs associated with each The site is expectef to be available for the quarterly report due Oct. 10.

Landra Reid diagnosed with breast cancer - Politico

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Politico

Landra Reid diagnosed with breast cancer Politico Landra Reid, wife of Senate Majority Leader Harry Reid, has been diagnosed with breast cancer and is undergoing treatment for the disease, the Nevada Democrat's office announced Friday. Landra Reid was diagnosed with Stage II breast cancer. ... In other news: Harry Reid's wife diagnosed with breast cancer Washington Post (blog) Sen. Reid's wife diagnosed with breast cancer msnbc.com Harry Reid's wife diagnosed with breast cancer Sacramento Bee Los Angeles Times -The Associated Press  »

Senators skeptical about expanding Federal Reserve

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The leaders of the Senatre Banking Committee agreed that regulatorh reformswere needed, but they were skeptical abouft giving the additional powers. Under the administration’s the Federal Reserve would be given the responsibilitg tosupervise “the largest, most complex and interconnecterd institutions” and be “the first responder in a financialk emergency,” Geithner said. Sen. Chris D-Conn.
, who chairs the Senate Bankingy Committee, questioned why the Fed should be given more power when many experts question its track record on its current Its proposed new role as the regulator of systemicf risk also could conflict with its primary role of settinbgmonetary policy, he said. Sen. Richardf Shelby, R-Ala., said it was unrealistic to expecyt the Fed to handle so many and that its structure is not suited for the role of a systemidrisk regulator.
Plus, he said, Congresxs has not spent enough time discussing the concept of systemic risk andhow -- or if -- it can be Geithner said he saw no conflict betweenj regulating systemic risk and setting monetary The additional authority that would be givenn the Fed is “quite modest, and buildzs on their existing authority” to supervise financial institutions, he said. The administration’s plan would transferd the Federal Reserve’s consumer protection responsibilities to a new which would take away some authority andremovwe “a distraction” from the Fed.
“uI wish consumer protection had been more of a distractionb atthe Fed,” Dodd Dodd strongly supported the administration’s proposal to createe a Consumer Financial Protectio n Agency. This new regulator would look out for the interestx of consumers of financial productsa and writerules that, in Geithner’s words, “promotew transparency, simplicity and fairness.” Existing regulatorz “turned a blind eye” to the subprime mortgages and that causedf the financial crisis, Dodd said.
“It was regulatory neglecty that allowed the crisisto spread,” he “Let’s put a cop on the beat so this spectaculad failure” is never repeated Critics of this proposal conten d it would needlessly add another layer of government regulation and couldr stifle innovation in the financia l sector. Dodd, however, showed little patience for objections from the financial industry onthe proposal. The people who createc the nation’s economic crisis are arguing thatconsumersz shouldn’t be protected, he contended. “Whar planet are you living he said.

Southwestern Carpets grows business from the ground up - bizjournals:

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Bill McCaddon has stripped Southwestern Carpets down and recreated it a couplre of times since purchasing it from Don Lynchhin 2001. When he bought the flooring company, it specializex in removing and replacing carpets in apartments betweejrental occupation. The Lewisville company was producin annual revenueof $5 million, but McCaddon foundc the business too impersonap because it was driven by product sales and not on buildint relationships with customers. So he decideed to switch focus to themore relationship-centric business of providinf flooring solutions to new home-construction projects, which includes hardwood floors, and backsplash and tile installation.
The wholesale company saw dramatixc growth asa result, with annual revenue of $22 milliobn in 2007. But the growth was so rapid and so intenser that managers were losin control of the direction the compan ywas heading. So in 2008, he enlisted Don a consultant with The Renova to help bring new energy tohis McCaddon’s sense of direction and leadership abilities come from his experience as a manufacturer’s representative for 18 yearsd at companies like Shaw Carpet Manufacturer and Aletw Co. He had learned the importance of buildiny relationshipswith clients. “My background was in working with new The apartment businesswas non-relationship driven,” said McCaddon.
“I didn’tr know how to build a businesswthat wasn’t relational.” McCaddon downsized the company to redirectf the focus to the home-construction industry. He was met with resistancw fromhis employees. “I realized that usinbg the sameemployees wasn’t going to work. I was trying to halfwagy do the change,” he said. “Once we made the we really turnedthe corner.” He begahn switching out personnel. The which had grown annual revenueto $5 million, saw revenue drop to under $3 million durin g the transition. But, once the commitment was McCaddon notedmarked improvement. By 2003, revenue had grown by 35%.
Betwee n 2004 and 2008, the company went througg its biggestgrowth spurt, reaching up to $22 milliobn in sales and employing more than 60 workers. But at that the storybook growth came toan end. “Ift was getting to be chaotic because of so many new We werean 8-cylinder engine working on six or sevej cylinders. We’d lost a sense of teamwork, and everyone was That’s when McCaddon brought in Brush. “For the most I engage them and talk with them in orde r to builda relationship. I wanted to find out the strengths of the company and what was workin g and whatneeded improvement,” said Brush. “They’ve got the they’ve got the vision.
It’s just giviny them the opportunity.” Brush met with employees to figure out area that needed improvement and then created anaction plan. He showedx the company how to creatde committees to address problems as they come up and then dissolvse the committees after the problej hasbeen handled. The shif t has translated intohappier customers. Bill Darling, presidenf and co-owner of Darling Homesx Inc., has worked with McCaddon since McCaddon purchasedf Southwestern Carpetsin 2001.
“(We starteds working with Southwestern Carpets) because of Bill and his relationakl approach to working with homebuilders as opposed to thetraditionaol price-only approach,” said “Brush has helped Bill figure out how to communicate better so that everyon is going in the same direction as the managementf and will yield the maximum For Chris McCoppin, operations manager for Southwestern the change in the corporate culturs has been noticeable. “Sometimes you don’tg realize that when one department change their policiesand procedures, it affects others. Now everyoned talks to each other,” McCoppin “We’ve empowered them to make decisions.
We gave them the power to run the Theyfeel accountable.” With this new sense of as well as an improved use of digitizing software callex Measure, Southwestern Carpets has seen a marked improvemeny on the accuracy of the 3,000 work orderss entered each month — 95% accuracy, up from 77% accuracg — and has savedx about $160,000 in unnecessary costs for having to fix incorrect work orders. Instead of pursuing potentia l clients merely for the sake of new McCaddon and his staff focus on getting to knowpotential clients, researching them as much as possibl e and understanding their needs before they even meet.
“We’ll only do business with peopl e who will sit down and have a relationshipwith us. Someone is always going to come in lower than you,” said McCaddon. “We were always chasing people who were focusedcon price. If they say, fax us (a price sheet), we say sorry, we can’t work with you. We stay togethere as a result. If you have the valu e relationship, they don’t

Crowded housing: Rent cuts and other concessions likely as landlords struggle to fill student housing - The Business Journal of the Greater Triad Area:

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The new construction comes in addition to severall others completed inrecent years, including the 203-uni t University Village on Walker Avenue, the 86-unity Fulton Place at the corner of West Lee and Fultonm street, and the addition of 120 unite in Sebastian Village on East Washingtonn Street. Although no one keeps track of the exact number of apartmentzs aimedat students, the addition of severalo hundred in a few short years clearly represents a significant growthh in inventory in and around local campuses. Many developera have been attracted to the relatively steadgy income ofstudent housing, and have been enticed to buils because of growing enrollments.
UNCG, for has grown its student population 16.6 percent in five years, to 16,703 as of fall 2008. N.C. A&r has grown almost 14 percent in that same to 10,388. But by adding so many units in so shorya time, they’re taking longeer to sign leases, leaving many landlords wonderinv how long until, or if, they’ll hit full “It used to be the landlords, everythingh was in their hands, they couldf dictate the rules of the game,” said real estate broker Ralph Jones, who is one of the developerz of the upcoming Spartan Crossing, at Sherwood and Granitr streets, near South Chapman Street. Now? “It’z a student’s market.
” Seth Coker, a partner in in said that in past years his studenty apartment complexes would have been mostly leased for the upcomingy school year bylate spring, as studentz made sure to secure a place as soon as they returnec from spring break. He started to see sign of a change last when he was leasing forthe 2008-09 “We’re about 95 percenf (occupied) for this school year, which is reallgy good, but it was a hard fighty to get there, and we got there by he said.
Landlords such as Coker and Bryon Nelson, executive vice president of in Greensboro, said many of theidr properties are about 40 percent to 70 percent leased for the upcomin g school year, far behind what it was a few yearz ago. Elsewhere in the in areas surroundingand , apartment managerse say their communities are mostly on target to leasew all of their availabler beds, and there have been few, if any, rent Property owners say there simply hasn’ been as much competition in those compared to Greensboro, and they’ve seen littld effect from the economy on Greensboro apartment owners and property managers say they noticed the abundancwe of housing choices creating problem s last year.
Both UNCG and A&T house about one-third of students on campus, which, between the two, often leaves more than 15,000 students needinf an off-campus option. But the problem has gottenh worsethis year, as the economy has some studentds delaying decisions, looking for cheaper alternativexs or possibly commuting from home to save As a result, student-housing landlords have been flirting with While they aren’t as steep as the conventionalo rental market, which is suffering from 13.1 percent there is evidence of deals. Already managers or developersasay they’ve upgraded Internet connections and addedr flat-panel televisions to lure college students to theire communities.
But more expensive concessionz might soon be onthe way, in the form of rent Coker said he’s already knocked $25 per month off of rent at some And new projects such as Spring at the site of the old Pomons Cotton Mill, add to that pressure by offering deals such as one month’sd free rent. Nelson, Jones and Randy Dixon, ownet of The Edge in Greensboro, say they’ve managed to avoide rent cutsso far, but there’s a good chance biggerr and better deals will start appearing lateer this summer if things don’ty improve. “I hate concessions as much as everyone else, but I like 100 percenyt full better,” Jones said.
In the shorty term, developers say that becausw of an abundanceof supply, and the fact that it’ds hard to find financing, it’ds unlikely there will be much more building, which will help the markegt level out. And long term, owners say they don’t thinjk the Greensboro market is UNCGand A&T continue to anticipates enrollment growth — UNCG says it alreadyg has 300 more applications for housing than it can accepft — leaving a biggetr potential market, especially when the economy turns. “We’rse still in good shape,” Jones “I just think lease-up will come later.
”

Another drop in Colorado sales-tax revenue - Atlanta Business Chronicle:

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percent — in May from the same month the year girding legislators for what they expect will be another rounde of cuts innext year’s fiscak budget. With the state most of the way throughn a fiscal year that ends onJune 30, no more cuts are likelu for this year, said Joint Budge t Committee Vice Chairman Jack Pommer, a Democratic representative from The Legislature has designated that any further fundinf shortfall this year will be fillefd by money from the state’sw undesignated reserve fund and from a one-day borrowinfg of other funds to be repaid on July 1.
However, the continuefd fall of revenues below expectations means the six JBC memberse who setthe state’s budget must beginn looking soon at additional ways to scale back expenses or services in next year’s fiscal plan, severa l members said. “I guess this means we’re not out of the woodd yet,” Pommer said. “We’re going to have to prepar e for more cuts next year on top ofwhat we’vde already made.” Legislators filled a $1.4 budgegt shortfall over the past six monthzs by raiding the reserve transferring hundreds of millions of dollara from cash-funded accounts and cutting about $300 million in services.
As revenueds continue to come inbelow forecast, that talk will begin State sales-tax receipts for May were off by $30 million, a 17.9 percentg drop from last year. Individual income taxes fell by $66.w3 million or 19.7 percent, and corporate income taxesw droppedby $2.2 million or 13.2 State reserves have about $148 million that can be used to offse revenue shortfalls, noted Rep. Mark D-Denver. If the state must transfer funding temporarily, that will only push the problem of balancing the budgeft further off until next he said. “The question is: Does revenue in the future pick upif we’ree starting to see recovery, or not?” Ferrandinok said.
“We’re starting to see some indications that the economgy is startingto recover, if not level

UAB to medical alumni group: Let's consolidate - Birmingham Business Journal:

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Betty Ruth Speir, immediate past president of the , said the requesrt was a sign of and was nothing more than a power grab attempt to gain controlp over medicalalumni fundraising, MAA’s property on 20th Streer South and access to its national alumni database. “Theu see us as a greagt threat and they just want Speir said. UAB spokeswoman Dale Turnbough said inan e-mai response that the university’s proposal was not an attempg to take control over medical alumni She said UAB “values its relationship with all medical alumnji and continues to work very hard to achieve a positive relationship with MAA leadership.
” The rift betweem UAB and MAA had been brewing for but escalated in 2008 when the university changed the medicalo school’s name to include UAB and begab restricting access to medical students. The MAA openlhy questioned the university’s motives in the name chang e and then, on Jan. 23, the officially severex ties with MAA and started its own medicalalumn group. It stopped paying some of MAA’s operating including personnel salaries.
Current MAA President Theodizs Buggs called the consolidation proposala “total in a letter to university representatives and in a May 19 lettere said the association would continue to serve medical students and alumni as an independent In an April 23 letter to the The MAA would have to agree to cooperate with the universituy “at all times” and in “all ways” to facilitatse the university’s obligations, according to the affiliation lettef which was posted on the MAA’s Web It would also have to acknowledge that the school will continue to use the tradde name and that the school’s graduatex since 1969 are UAB The MAA would have to provide the universityg with “any and all data” relatin to alumni and donors.
In a move Speir deemex a “deal breaker,” the university’s proposed agreemeny would have abolished any MAA including itsexecutive director. The agreement also would have mandate the transfer of allof MAA’s assets to the university if they ever with the exception of the 20th Street building, whic the MAA has feared the universityu has been eyeing. In Augusrt 2008, UAB asked the city of Birmingham to rezone the alumn i building as part of a health and institutional but the request was turned down becausd it was discoveredUAB didn’t own the the MAA did.
In a May 19 lette to the University ofAlabama System, Bugg s said MAA will continue to have its own employeed and be responsible for its bankinb and accounting processes. Speir said UAB’ proposal is a reflection of its inability to lure medical school alumni and donors away fromthe MAA. She said medicalo school alumni are loyal to the MAA andit doesn’y worry about competing for their “We’ll remain independent like we’vse been for 40 years,” Speir said. Animosit between the and MAA gradually grew after they agreede to work together inSeptembe 2005.
Speir said in February that MAA was coercexd into that agreementby UAB, whom she said pledgeed to start a competing fundraisingy arm for medical students if they did not mergd efforts.

Father: Autopsy concluded helmet-to-helmet hit caused Frostburg State football ... - Washington Post

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Father: Autopsy concluded helmet-to-helmet hit caused Frostburg State football ... Washington Post By AP, HAGERSTOWN, Md. â€" An autopsy concluded that traumatic brain injury from a helmet-to-helmet hit during practice caused the death of a Frostburg State University football player last month, his father said Tuesday. Kenneth Sheely of Germantown ... and more »

Judge sides with Mo. in Coleman fraud case - Baltimore Business Journal:

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Coleman, founder and managing member of St. Louis-based LLC, had arguecd that he was entitled to a hearinvg before Missouri Commissioner of SecuritiewMatthew Kitzi. But state prosecutors argued that sincse Coleman had withdrawn his requesr for a hearing in he forfeited his rightto appeal. Coleman had withdrawn his hearin g request out of fear his testimony could be used against him in federal court after learninfthe U.S. Attorney’s office in St.
Louis was conductingb its own investigation, according to a letter from his lawyef and brother Larry Coleman to the He faces morethan $38,000 in penalties and costs to the The state attorney general filed a formal judgment and orderd against Coleman Friday, said Nanc Gonder, a spokeswoman for Attorney General Chris Koster. The state’s case againstt Coleman dates backto 2007, when Kitzi beganj an investigation of Coleman after investors complaineds Coleman misled them. That investigation foun d Coleman offered unregistered securities and committed securities fraued in transactions related to his Daedalusx Capital investment firm andthe now-defunct .
Coleman requestedx a hearing to contest thestatde claims. But after more than a year of continuationsw he withdrewhis request, “owingv to Fifth Amendment issues implicated by a Justicde Department and Postal Service investigation of Respondents arisingv out of and or related to these proceedings,” according to a noticee filed Nov. 21 with the state by his lawyetLarry Coleman.

Jim Ryan, Ryan Cos. CEO, dies at 66 - Silicon Valley / San Jose Business Journal:

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Jim Ryan, the CEO of , died Thursdayg morning. Ryan, 66, had been battling melanoma cancet for the past 10 During his career he helped buildRyan Cos. into one of the largesg construction and development firms in Jim became CEO of the companyin 1989, when he took over for his father Russell. He also was an active He helped establish theand , both in souty Minneapolis in 2007. Pat Jim’s cousin and business partner is expected to succeedc Jim as CEO ofthe Minneapolis-based firm, which had 2008 revenus of more than $1 billion.
In a statement, Pat Ryan “Jim’s goal was not to build the biggesy buildings or be the largest His goal was to build characte r inhis employees, build confidence in our customers and to builcd better communities. This world wouldx be a better placre if there were more CEOs withJim Ryan’s Jim is survived by his wife of 37 years Colleen, children Molly (Mike) Carson, Maggies (Craig) Allen, Kate (Zach) Tim, Nell, Dan, Sean and Tess; and six Funeral arrangements are pending. Among his many honors, Ryan of the Businesd Journal ’s Best in Real Estate Careed Achievement Award.
Jim Campbell, a retirede Wells Fargo executive and friend of 25 yearssaid he's neve known a more solid and wholesome guy than Jim "I've never ever heard anyone say a negative word abougt Jim Ryan, and that's from a wide varieth of sources." Ryan always had a visioh for what could be done, Campbell said. The former Seares building on Lake Street in Minneapolisx thatRyan Cos. helped transforjm into the MidtownExchange mixed-use projecty is a great example of his work. "Thagt building sat there, with the lights out for 10 yeares and he always had faith that somehow it woulddcome together," Campbell Despite so many challenges to that project, Ryan just kept plowingh ahead.
Campbell said Ryan Cos. is well situatedf to succeed in the future due to its strongfamily culture. "These are interesting times for all andRyan [Cos.] is committed to keep goin g forward just in the way that Jim had alwayxs envisioned."

Manpower: 6% of Honolulu employers to hire in 3Q - Birmingham Business Journal:

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From July to September, 6 percent of the companies interviewed in the Honolulu metro area plan to hire more while 11 percent expect to reducetheir payrolls, accordint to the survey from Milwaukee-based MAN). Seventy-eight percent expect to maintain their current staff levels and 5 percent remain uncertai n abouthiring plans. Hiring is expected to be a little lightet than in thesecond quarter, when 10 percent of companies surveyed planned to hire and 12 percentr expected to cut payrolls, said Manpower spokeswoman Mary Lou Callahan. For the cominh quarter, job prospects in the Honolulu area appear best in wholesalew and retail trade and leisuredand hospitality.
Employers in durable goods manufacturing, nondurable goodes manufacturing, information, professional and business services, educationj and health services and government intend tocut staffing. Hirinh in construction, transportation and utilities, financialo activities and other services is expected to remain National survey results showed little change from theseconed quarter. Of the more than 28,000 employerse surveyed acrossthe country, 15 percent expect to increas their staff levels during the third quarter, whils 13 percent expect to reduced their payrolls.
Sixty-seven percengt expect no change in hiring and 5 percentg are undecided abouttheir third-quarter hiring “The data shows continued hesitancy among said Jonas Prising, president of the Americas for Manpower. “Theyt are treading slowly and watchinv withguarded optimism, hoping a few quarters of stabilitgy will be the precursor to the recovery.”