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 » |
Saturday, December 31, 2011
Richmond 78, UNC-Greensboro 58 - ESPN
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Thursday, December 29, 2011
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.
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.
Monday, December 26, 2011
D.C. could be losing hotel taxes to online companies - Washington Business Journal:
lihung-associations.blogspot.com
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
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
Saturday, December 24, 2011
Ex-convict gets probation for threatening San Diego district attorney - Los Angeles Times
takes-trendsthe.blogspot.com
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 Man Who Sent Threats to Dumanis Released on Probation |
Thursday, December 22, 2011
Is Congress even capable of controlling the federal budget? - Military & Aerospace Electronics
bestimmung-amendments.blogspot.com
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. ... |
Tuesday, December 20, 2011
Even Excluding Dwight Howard Rumors, Orlando Magic Offseason a Disaster - Orlando Pinstriped Post
ibitasony.wordpress.com
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 Dwight Howard says his Magic teammates aren't 'worried' about his trade request Miami Heat's Dexter Pittman makes very big impression |
Sunday, December 18, 2011
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. ... |
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