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Palace of the Governord inSanta Fe, is the first museu devoted to New Mexico It will hold more than 800,00p0 artifacts, historical documents, photographs and books representing key periods in New Mexico It’s the largest cultural investment ever made in downtown Santa Fe, according to Museum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  »