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billion sale to closes, expected this month. The rura phone companies on Tuesday announced the planned name and logo for thecombinedf company. CenturyLink will retain the CenturyTel (NYSE: CTL) trading “Our new brand name was selected because our customer s and employees told us it reflected a companty thatis forward-looking and committed to linkint the country together,” CenturyTel CEO Glen Post III, who also will be chiefr executive of CenturyLink, said in the release. The compang will begin operating under the new brand immediatelu upon closingthe deal.
In the followingh months, markets will be converted to the new with customers being notified in advance and the name beinbg added tocompany signs, vehicles and marketinvg materials. The logo is intended to represenrt the power of connecting peopls and businesses to one anothedr and tonew opportunities, locally and the release said. Overland Park-based Embarq (NYSE: EQ) and CenturyTel, baseds in Monroe, La., are — from the — before the deal can close. The headquartersw will be in A Denver brandconsulting agency, , helpeed develop the new brand strategy, name and logo, the releasre said. Together, the two companies will have about 7.
5 million access more than 2 million broadband customerx and morethan 400,000 video subscribers. will . Embar q ranks No. 3 on the Kansazs City BusinessJournal ’s list of area publicx companies.
Saturday, March 31, 2012
Thursday, March 29, 2012
Lingle orders unpaid days off for workers - Memphis Business Journal:
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In an address broadcasrt from theState Capitol, Lingle also said she would scale back free Medicaird benefits to low-income adults and said the statse would delay paying some of its largert bills until July. The governofr is also asking the Judiciary, the and the Office of Hawaiian Affairs to implement equivalent furlough days or restricfttheir budgets. Hawaii law does not allosw ordering furloughs for the Departmenof Education, the University of Hawaii or the Hawaiji Health Systems Corporation, but Lingle said their spending will be restricted in an amounty equivalent to the three-days-per-month The furloughs, which start July 1, amount to aboutr a 13.
8 percent pay cut, or about $5,500 for a workerd making $40,000 a year. As with layoffs, Lingle does not have to negotiat the furloughs with any of the unions representing state Lingle has saidshe doesn’t want to lay off workers because of the disruptive effect of contract rules that wouls enable senior workers to junior workers, even if they workesd in different state agencies. The furloughs will save $688 Lingle said the savings are needec to close a gapof $730 million between now and June 30, 2011, as forecast by the state’e Council on Revenues May 28. All told, Hawaii is expectec to see tax revenue fallby $2.
7 billion over the next two “If we do not implement the furlough plan, we woul have to lay off up to 10,000o employees to realize an equivalent amoun of savings,” Lingle said. The statde has about 46,000 workers, includinv 21,000 employees of the Departmengtof Education. Lingle blamed the fiscal shortfall on thelingerinb recession, rising unemployment, dropping visitor arrivals, a declin e in private building permits, a doubling of foreclosures, and recorrd bankruptcy levels. The state Legislature enderd its session last month by raising tax rates onhotell rooms, high-income earners, luxurhy home transactions and tobacc o to help meet the budgetg shortfall.
But Lingle, a Republican whos e vetoes of those measures were overridden bymajorith Democrats, said she would not ask for additionalp tax increases. She also rejected calls for legalizingy gambling. However, Lingle notec that 70 percent of state operating funds go to labor costs and that the statee had provided employee wage increase of betweej 16 and 29 percent over the past fouryear “when our economy was
In an address broadcasrt from theState Capitol, Lingle also said she would scale back free Medicaird benefits to low-income adults and said the statse would delay paying some of its largert bills until July. The governofr is also asking the Judiciary, the and the Office of Hawaiian Affairs to implement equivalent furlough days or restricfttheir budgets. Hawaii law does not allosw ordering furloughs for the Departmenof Education, the University of Hawaii or the Hawaiji Health Systems Corporation, but Lingle said their spending will be restricted in an amounty equivalent to the three-days-per-month The furloughs, which start July 1, amount to aboutr a 13.
8 percent pay cut, or about $5,500 for a workerd making $40,000 a year. As with layoffs, Lingle does not have to negotiat the furloughs with any of the unions representing state Lingle has saidshe doesn’t want to lay off workers because of the disruptive effect of contract rules that wouls enable senior workers to junior workers, even if they workesd in different state agencies. The furloughs will save $688 Lingle said the savings are needec to close a gapof $730 million between now and June 30, 2011, as forecast by the state’e Council on Revenues May 28. All told, Hawaii is expectec to see tax revenue fallby $2.
7 billion over the next two “If we do not implement the furlough plan, we woul have to lay off up to 10,000o employees to realize an equivalent amoun of savings,” Lingle said. The statde has about 46,000 workers, includinv 21,000 employees of the Departmengtof Education. Lingle blamed the fiscal shortfall on thelingerinb recession, rising unemployment, dropping visitor arrivals, a declin e in private building permits, a doubling of foreclosures, and recorrd bankruptcy levels. The state Legislature enderd its session last month by raising tax rates onhotell rooms, high-income earners, luxurhy home transactions and tobacc o to help meet the budgetg shortfall.
But Lingle, a Republican whos e vetoes of those measures were overridden bymajorith Democrats, said she would not ask for additionalp tax increases. She also rejected calls for legalizingy gambling. However, Lingle notec that 70 percent of state operating funds go to labor costs and that the statee had provided employee wage increase of betweej 16 and 29 percent over the past fouryear “when our economy was
Tuesday, March 27, 2012
On the fringe: Tseng in a league of her own - MyrtleBeachOnline.com
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MyrtleBeachOnline.com | On the fringe: Tseng in a league of her own MyrtleBeachOnline.com By Doug Ferguson - AP JACKSONVILLE, Fla. -- Yani Tseng is starting to draw comparisons with Tiger Woods when he was at his absolute best. Coming off a year in which she won 12 times around the world, Tseng started a new season by winning three of the ... < br />Golf Capsules: On The Fringe - Tseng in a league of her own |
Sunday, March 25, 2012
Paulson Capital reports Q2 revenue, earnings losses - Portland Business Journal:
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million led to second quarter revenue and earningz losses for For the quarter endinvgJune 30, the Portland parent company (NASDAQ: of had a revenue loss of $3.2 with an earnings loss of $4.8 million, or 81 cent per share, compared with revenue of $7.98 with earnings of $1 million, or 16 centss per share in the same quarter of 2007. “Challenginfg market conditions — particularly thosde affecting small and micro cap companies have resulted in a sharp declinwe in the number of initial publicofferingz (IPOs) and private equity transactions taking place,” said Chestert Paulson, chairman and CEO of Paulson Capital Corp.
, in a “During the first six monthws of 2007, there were 147 IPOs completerd in the U.S. markets, while only 42 have been completefin 2008, thus far. What’s more, 56 companiea have canceled planned IPOs since the first of this Asa consequence, investment banking firms nationwide have and our company is no exception.” For the first six monthsd of fiscal 2008, the independent brokerage firm had a revenude loss of $1 million, with an earningw loss of $6.96 million, or $1.16 per compared with revenue of $17.7 million, with earningsz of $3.8 million, or 61 cents per share, in the same perioe of last year.
million led to second quarter revenue and earningz losses for For the quarter endinvgJune 30, the Portland parent company (NASDAQ: of had a revenue loss of $3.2 with an earnings loss of $4.8 million, or 81 cent per share, compared with revenue of $7.98 with earnings of $1 million, or 16 centss per share in the same quarter of 2007. “Challenginfg market conditions — particularly thosde affecting small and micro cap companies have resulted in a sharp declinwe in the number of initial publicofferingz (IPOs) and private equity transactions taking place,” said Chestert Paulson, chairman and CEO of Paulson Capital Corp.
, in a “During the first six monthws of 2007, there were 147 IPOs completerd in the U.S. markets, while only 42 have been completefin 2008, thus far. What’s more, 56 companiea have canceled planned IPOs since the first of this Asa consequence, investment banking firms nationwide have and our company is no exception.” For the first six monthsd of fiscal 2008, the independent brokerage firm had a revenude loss of $1 million, with an earningw loss of $6.96 million, or $1.16 per compared with revenue of $17.7 million, with earningsz of $3.8 million, or 61 cents per share, in the same perioe of last year.
Friday, March 23, 2012
Higgins wants more NYPA funds in WNY - Business First of Buffalo:
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The Buffalo Democrat, a frequent critid of the , whic h oversees the plant, has asked the state to turn over 36 percengt of net revenue for economic development and tourism effortsxin Erie, Niagara, Chautauqua and Orleanes counties. That would amount to some $65 million per year, Higginw said, and could create 14,000 jobs in five years "This community must stand up and claimk what isnaturally ours,” he said. “Like Florida profitsz from its sunshine and Californiq profits from itsPacific surf, Western new York must demaned our right to benefit from our lake that feeds our which generates the power producedf by Niagara falls.
” According to Higgins, in 2008 NYPA had a surplusw of $309 million, over 75 percent that was directly attributables to the Niagara Power Project in Lewiston. He the state agency’s own study found that only 14 percenyt of the economic benefit derived from that plany remains in WesternNew York. In a letter to both Gov. Davif Paterson and NYPA President and CEORichards Kessel, Higgins outlined his Among the projects noted is development of Buffalo’ds waterfront, including the Inner Harbofr area, as well as the Darwinh Martin House, Albright-Knox Art Gallery and Buffalo Zoo.
The Buffalo Democrat, a frequent critid of the , whic h oversees the plant, has asked the state to turn over 36 percengt of net revenue for economic development and tourism effortsxin Erie, Niagara, Chautauqua and Orleanes counties. That would amount to some $65 million per year, Higginw said, and could create 14,000 jobs in five years "This community must stand up and claimk what isnaturally ours,” he said. “Like Florida profitsz from its sunshine and Californiq profits from itsPacific surf, Western new York must demaned our right to benefit from our lake that feeds our which generates the power producedf by Niagara falls.
” According to Higgins, in 2008 NYPA had a surplusw of $309 million, over 75 percent that was directly attributables to the Niagara Power Project in Lewiston. He the state agency’s own study found that only 14 percenyt of the economic benefit derived from that plany remains in WesternNew York. In a letter to both Gov. Davif Paterson and NYPA President and CEORichards Kessel, Higgins outlined his Among the projects noted is development of Buffalo’ds waterfront, including the Inner Harbofr area, as well as the Darwinh Martin House, Albright-Knox Art Gallery and Buffalo Zoo.
Wednesday, March 21, 2012
Tough times breed Ponzi schemes - Denver Business Journal:
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“You have the astonishinb confluence of a significanyt downturn in the market coupled with great fear on the part of and a desireto liquidate,” said now a securities lawyer with LLP in Denver. “Investora don’t want to The stuff that fuels a Ponz scheme is taken fromthe market, so it can’t go From Bernie Madoff, who pleadedd guilty in March to the biggesy investment fraud in Wall Street history, to Aurorsa money manager Shawn Merriman, who has been accused by the of stealinhg at least $17 it seems like fraud is on the Until last December, the Securities and Exchange Commissionm (SEC) was bringing, on average, three fraud casee a month nationwide, said Don director of the SEC’s Denver regionalo office.
More than two dozen cases were broughy in the first quarterof 2009. “Wer come along after the paradwe and cleanup afterwards, so we don’t know what the paradr looks like,” Hoerl said. “Are there otherds out there? You have to believe that theree are, but there’s no way to really put any kind of numberon that.” The number of Coloradansw accused of fraud lately is reminiscent of the when Denver earned a dubious distinction as the penny-stock swindle capitalo of the world. But area regulators say that was adifferengt situation.
Colorado lawmakers loosened states securities law in creatinga hands-off regulatory environment in which penny-stocko promoters such as the late Meyer Blinder flourished. That era closed with the enactment of the Coloradp Securities Actin 1990. “Thre penny-stock thing was related to the laws that were in placr atthe time, in the ’80s,” said Fred Colorado securities commissioner. “We didn’t have the securitiez law that we have inplaced now.” Colorado’s most recent alleged Ponzi schemw involved Merriman, owner of Aurora-based investmentf firm Market Street Advisors.
Merrimajn allegedly raised $17 million to $20 million from at least 38 investors in Coloradkand elsewhere, according to a civil complainf the SEC filed in federal district courr in Denver on April 7. The investors believer that Merriman was investing thei money in stocksand options. Instead, he used it to suppor t a lavish lifestyle, including purchases of classic cars, motorcycles, a cabij in Idaho and millions of dollars wortyhof art, including works by the SEC claims. Funds obtained from late investors allegedly were used to repayearlier investors, whicgh is the definition of a Ponzji scheme.
Similar to a pyramid a Ponzi scheme is named after Charles who bilked tens of thousands of Bostonians out of nearly $15 million in 1920. Although he didn’r invent the scam, his version was so largr that his name became synonymousx with this typeof fraud. Ponzi’s investors thought he was buyingt international postal reply coupons in foreign countriex to redeem at face value in the UnitedStated — basically, foreign exchange Instead, he kept most of the money for and used funds from a rapidly expanding pool of new investorx to pay off early investors and keep the schem going as long as possible.
He eventually was convictes and sentto Stock-market crashes both expose and encouragew Ponzi schemes, Joseph said. They’re typically exposecd when multiple investors, who may have lost moneuy in stock andbond markets, seek to withdraw cash from the Ponzi operator. “Hee doesn’t have it, and then the wholes thing collapses,” Joseph said. “Therre are no new investors to pay theserguys off.” At the same time, when investorse are wary of traditional investments such as stocks, they’rwe more receptive to a fraudster’s “They’ll tout it as an alternative Joseph said.
“They’ll say, ‘You’ll lose money in the stock lookwhat it’s done. You can’t make money in a CD becausd the rates areso low. But I have the alternativ for you.’ On the one hand it exposesz them, and on the other hand it perpetratew them.” Merriman is the latest Coloradan to be accused of running aPonzoi scheme, but he’s by no means the first. In the SEC accused formerf Lone Tree money manager William Walters of operatin a Ponzi scheme that bilked about 80 investora outof $11.4 million between 2003 and 2006. Walters is believed to be livingin U.S. officials are trying to have him extradited back to theUnitedr States.
Also in February, a Denvee district court judge sentenced real estate promoteerFrederic “Rick” Dryer to 132 yeards in state prison for a $34 million Ponzi schemd involving more than 1,200 His sentence was even longer than that imposerd on Denver financial adviser Will Hoover in 2004. Hoover is serving 100 yearsz in Sterling Correctional Facility fora $15 million scheme. There’d no evidence Colorado has more of these schemes than anyothedr state, regulators say. It sometimesd can seem that way.
“You have the astonishinb confluence of a significanyt downturn in the market coupled with great fear on the part of and a desireto liquidate,” said now a securities lawyer with LLP in Denver. “Investora don’t want to The stuff that fuels a Ponz scheme is taken fromthe market, so it can’t go From Bernie Madoff, who pleadedd guilty in March to the biggesy investment fraud in Wall Street history, to Aurorsa money manager Shawn Merriman, who has been accused by the of stealinhg at least $17 it seems like fraud is on the Until last December, the Securities and Exchange Commissionm (SEC) was bringing, on average, three fraud casee a month nationwide, said Don director of the SEC’s Denver regionalo office.
More than two dozen cases were broughy in the first quarterof 2009. “Wer come along after the paradwe and cleanup afterwards, so we don’t know what the paradr looks like,” Hoerl said. “Are there otherds out there? You have to believe that theree are, but there’s no way to really put any kind of numberon that.” The number of Coloradansw accused of fraud lately is reminiscent of the when Denver earned a dubious distinction as the penny-stock swindle capitalo of the world. But area regulators say that was adifferengt situation.
Colorado lawmakers loosened states securities law in creatinga hands-off regulatory environment in which penny-stocko promoters such as the late Meyer Blinder flourished. That era closed with the enactment of the Coloradp Securities Actin 1990. “Thre penny-stock thing was related to the laws that were in placr atthe time, in the ’80s,” said Fred Colorado securities commissioner. “We didn’t have the securitiez law that we have inplaced now.” Colorado’s most recent alleged Ponzi schemw involved Merriman, owner of Aurora-based investmentf firm Market Street Advisors.
Merrimajn allegedly raised $17 million to $20 million from at least 38 investors in Coloradkand elsewhere, according to a civil complainf the SEC filed in federal district courr in Denver on April 7. The investors believer that Merriman was investing thei money in stocksand options. Instead, he used it to suppor t a lavish lifestyle, including purchases of classic cars, motorcycles, a cabij in Idaho and millions of dollars wortyhof art, including works by the SEC claims. Funds obtained from late investors allegedly were used to repayearlier investors, whicgh is the definition of a Ponzji scheme.
Similar to a pyramid a Ponzi scheme is named after Charles who bilked tens of thousands of Bostonians out of nearly $15 million in 1920. Although he didn’r invent the scam, his version was so largr that his name became synonymousx with this typeof fraud. Ponzi’s investors thought he was buyingt international postal reply coupons in foreign countriex to redeem at face value in the UnitedStated — basically, foreign exchange Instead, he kept most of the money for and used funds from a rapidly expanding pool of new investorx to pay off early investors and keep the schem going as long as possible.
He eventually was convictes and sentto Stock-market crashes both expose and encouragew Ponzi schemes, Joseph said. They’re typically exposecd when multiple investors, who may have lost moneuy in stock andbond markets, seek to withdraw cash from the Ponzi operator. “Hee doesn’t have it, and then the wholes thing collapses,” Joseph said. “Therre are no new investors to pay theserguys off.” At the same time, when investorse are wary of traditional investments such as stocks, they’rwe more receptive to a fraudster’s “They’ll tout it as an alternative Joseph said.
“They’ll say, ‘You’ll lose money in the stock lookwhat it’s done. You can’t make money in a CD becausd the rates areso low. But I have the alternativ for you.’ On the one hand it exposesz them, and on the other hand it perpetratew them.” Merriman is the latest Coloradan to be accused of running aPonzoi scheme, but he’s by no means the first. In the SEC accused formerf Lone Tree money manager William Walters of operatin a Ponzi scheme that bilked about 80 investora outof $11.4 million between 2003 and 2006. Walters is believed to be livingin U.S. officials are trying to have him extradited back to theUnitedr States.
Also in February, a Denvee district court judge sentenced real estate promoteerFrederic “Rick” Dryer to 132 yeards in state prison for a $34 million Ponzi schemd involving more than 1,200 His sentence was even longer than that imposerd on Denver financial adviser Will Hoover in 2004. Hoover is serving 100 yearsz in Sterling Correctional Facility fora $15 million scheme. There’d no evidence Colorado has more of these schemes than anyothedr state, regulators say. It sometimesd can seem that way.
Monday, March 19, 2012
Bank of America Shares Top $10 First Time Since August - Bloomberg
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Bloomberg | Bank of America Shares Top $10 First Time Since August Bloomberg Bank of America Corp., the second- biggest US lender by assets, topped $10 in New York trading for the first time since August amid a r » |
Saturday, March 17, 2012
Marketing at festivals can be way to draw customers - Phoenix Business Journal:
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Festival organizers say they are working hard this year to tailofr marketing opportunities to meet the needs of theitrlocal sponsors. One new marketing opportunitg at Summerfest is gate saidJohn Boler, ’s vice president of sales and marketing. Four businesses , U.S. Cellular, and Chipotle will give a promotional item to patronsx at select times on four separatde days duringthe 11-day music festival. Bolefr said the program is probablgy one of the most economical sponsorshipp opportunitiesat Summerfest, although he declined to say what fee companied pay.
“If they have a particular product they want to put in our hands or if they want to put a special offer that will bounce that patron back to the retaikl establishment afteran event, that’s how these programs can providse benefit to a local marketer,” he said. Marcus Hotels & Resorts will have two new promotionas at Summerfest and also for the first time has createc room packagesaround Milwaukee’s ethnic festivals. The first 5,00 patrons through the Summerfest gates on June 27 beginning at noon will receive a gift card booklet with discountsfor Marcus-owned businesses, such as the Well Spa and Masonj Street Grill at The Pfistefr Hotel.
On Family Day, Marcusw also will distribute cups withthe company’w water park logos and a card inside that will be good for 50 game tokensz at either of its Paradise Landinh or Timber Ridge Lodge water In addition, Marcus will have a bootgh at Irish Fest in Augustr promoting an opportunity for guests to book theier stay for next year’s festival. Marcusw has created an Irish Fest package for an extendedx stay vacation that comes with authentic IrishFest memorabilia. The compant also has created a “Seize the 3-Day package that offers visitors to all ofthe city’s festivalse a free third night if they book two nights, said Chries Anderson, a Marcus spokesman.
Marketing at the festivalws is economical, Anderson said. “It’sa old-fashioned direct sales,” Andersohn said. “Face-to-face sales are stillp some of the best formof selling. You have a great chancs of converting that customer intoa vacationer.” Otherd local companies said the festivals provide an opportunit y to reach their target markets and be seen as a communit supporter. sponsors the Liturgy on Sundayand children’s activities at Irish Fest.
The company will sponsorr the Family Passport program at theethnicv festival, for which families pick up a passpory and travel with their children to 10 festivao destinations highlighting education and Irish “It’s a great opportunity for Catholic Knights to be seen supportiny community organizations,” said Bill O’Toole, the Milwaukede company’s president and chief executive officer. “It showws that we’re supportive of community organizationsx that share our By supporting activities such as the Liturgy and Passport the company also reaches itstarget market, O’Toole said.
Figurintg out ways to help businesses reacb their audience is an importang part of keeping sponsors coming back toIrisu Fest, said Jane Anderson, Irish Fest executives director. Companies are “always looking to get the visibility and the she said. Sponsorship dollars are down for Festwa Italianathis year, said Henry Piano, Fest a Italiana chairman. But the festival has attractedc some new local includingPiggly Wiggly.
Festival organizers say they are working hard this year to tailofr marketing opportunities to meet the needs of theitrlocal sponsors. One new marketing opportunitg at Summerfest is gate saidJohn Boler, ’s vice president of sales and marketing. Four businesses , U.S. Cellular, and Chipotle will give a promotional item to patronsx at select times on four separatde days duringthe 11-day music festival. Bolefr said the program is probablgy one of the most economical sponsorshipp opportunitiesat Summerfest, although he declined to say what fee companied pay.
“If they have a particular product they want to put in our hands or if they want to put a special offer that will bounce that patron back to the retaikl establishment afteran event, that’s how these programs can providse benefit to a local marketer,” he said. Marcus Hotels & Resorts will have two new promotionas at Summerfest and also for the first time has createc room packagesaround Milwaukee’s ethnic festivals. The first 5,00 patrons through the Summerfest gates on June 27 beginning at noon will receive a gift card booklet with discountsfor Marcus-owned businesses, such as the Well Spa and Masonj Street Grill at The Pfistefr Hotel.
On Family Day, Marcusw also will distribute cups withthe company’w water park logos and a card inside that will be good for 50 game tokensz at either of its Paradise Landinh or Timber Ridge Lodge water In addition, Marcus will have a bootgh at Irish Fest in Augustr promoting an opportunity for guests to book theier stay for next year’s festival. Marcusw has created an Irish Fest package for an extendedx stay vacation that comes with authentic IrishFest memorabilia. The compant also has created a “Seize the 3-Day package that offers visitors to all ofthe city’s festivalse a free third night if they book two nights, said Chries Anderson, a Marcus spokesman.
Marketing at the festivalws is economical, Anderson said. “It’sa old-fashioned direct sales,” Andersohn said. “Face-to-face sales are stillp some of the best formof selling. You have a great chancs of converting that customer intoa vacationer.” Otherd local companies said the festivals provide an opportunit y to reach their target markets and be seen as a communit supporter. sponsors the Liturgy on Sundayand children’s activities at Irish Fest.
The company will sponsorr the Family Passport program at theethnicv festival, for which families pick up a passpory and travel with their children to 10 festivao destinations highlighting education and Irish “It’s a great opportunity for Catholic Knights to be seen supportiny community organizations,” said Bill O’Toole, the Milwaukede company’s president and chief executive officer. “It showws that we’re supportive of community organizationsx that share our By supporting activities such as the Liturgy and Passport the company also reaches itstarget market, O’Toole said.
Figurintg out ways to help businesses reacb their audience is an importang part of keeping sponsors coming back toIrisu Fest, said Jane Anderson, Irish Fest executives director. Companies are “always looking to get the visibility and the she said. Sponsorship dollars are down for Festwa Italianathis year, said Henry Piano, Fest a Italiana chairman. But the festival has attractedc some new local includingPiggly Wiggly.
Thursday, March 15, 2012
Cash America closing 43 sites - Business Courier of Cincinnati:
ihituvofy.wordpress.com
, is reviewing its Ohio stores but it’s not readyg to announce plans here. The companuy recently laid off 20 employees at its SycamorwTownship headquarters, where it operate under the name . In August, the company took out licenses to offerf installment loans at up to 73Ohio locations. Spokesmajn Jeff Kursman said an announcementy could come within a week regarding 71 OhioCheck ’nj Go stores that employ aboutf 150 people. “Operating under the restrictionsz set forth in House Bill 545 is notan option,” Kursman said.
“We will continue to explors opportunities permitted under Ohio law to support our customers with financiaol products and to provide jobs forour associates.” The Fort Texas-based Cash America International on Wednesday said it will closer 43 Cashland shops in the coming months. The decisiom comes a day after 64 percent of Ohio voters cast their ballots in favor ofIssue 5, which supports a law that caps interesty rates payday lenders can charge customers on short-tern loans at 28 percent a year.
The paydah lending industry foughta high-profile battle to repeapl portions of House Bill 545, sayintg the interest rate cap and other limitations would drive many of them out of the Payday lenders had hoped to returb to a rate structure that allowed them to charge an annualizerd 391 percent. Cash America’s plans to closr the 43 shops – it runs about 140 in the including more than a dozeb in GreaterCincinnati – will cost 150 jobs, the compan said. Spokeswoman Mary Jackson said CashAmerica isn’t disclosing the stored to be shut until it informs workers. “Aas you can imagine, we have employeex who are very upsetright now,” she said.
Ohio’s Issud 5 passed with a 63-36 percent margin. The lending law severelyy limits the interest rates payday lenders canoffer consumers. Lenderes said passage of the interest rate cap would drivee them out ofthe state.
, is reviewing its Ohio stores but it’s not readyg to announce plans here. The companuy recently laid off 20 employees at its SycamorwTownship headquarters, where it operate under the name . In August, the company took out licenses to offerf installment loans at up to 73Ohio locations. Spokesmajn Jeff Kursman said an announcementy could come within a week regarding 71 OhioCheck ’nj Go stores that employ aboutf 150 people. “Operating under the restrictionsz set forth in House Bill 545 is notan option,” Kursman said.
“We will continue to explors opportunities permitted under Ohio law to support our customers with financiaol products and to provide jobs forour associates.” The Fort Texas-based Cash America International on Wednesday said it will closer 43 Cashland shops in the coming months. The decisiom comes a day after 64 percent of Ohio voters cast their ballots in favor ofIssue 5, which supports a law that caps interesty rates payday lenders can charge customers on short-tern loans at 28 percent a year.
The paydah lending industry foughta high-profile battle to repeapl portions of House Bill 545, sayintg the interest rate cap and other limitations would drive many of them out of the Payday lenders had hoped to returb to a rate structure that allowed them to charge an annualizerd 391 percent. Cash America’s plans to closr the 43 shops – it runs about 140 in the including more than a dozeb in GreaterCincinnati – will cost 150 jobs, the compan said. Spokeswoman Mary Jackson said CashAmerica isn’t disclosing the stored to be shut until it informs workers. “Aas you can imagine, we have employeex who are very upsetright now,” she said.
Ohio’s Issud 5 passed with a 63-36 percent margin. The lending law severelyy limits the interest rates payday lenders canoffer consumers. Lenderes said passage of the interest rate cap would drivee them out ofthe state.
Tuesday, March 13, 2012
The Dirty South and Other Observations - Wall Street Journal
authors-morphology.blogspot.com
Wall Street Journal | The Dirty South and Other Observations Wall Street Journal AP Likeliest to knock off the No. 1 seed: If No. 3 Florida State manages to sustain its late-season surgeâ€"it upset Duke and North Carolina back to back in the Atlantic Coast Conference tournamentâ€"the Seminoles could make a run at the Orange. |
Sunday, March 11, 2012
Health reform details emerge - Denver Business Journal:
cahijisebi.wordpress.com
percent of the cost of health insurance premiumwfor full-time employees under the health care reform bill being considerexd by the House. They also woulx be required to pick up at leastt some of the tab forinsurinvg part-time employees. Businesses that don’t providd this minimum level of coverage would be required to pay the federal government a fee based on 8 percenft oftheir payroll. Small businesses under a yet-to-be-determined threshold would be exemptex fromthis “play or pay” requirement.
The chairmenj of three House committees with jurisdiction over health care introduced drafrt legislationJune 19, offering the most details yet on how healtn care reform could affect small Under the bill, small businesses and individuals couldx shop for insurance through a nationakl exchange, which would include a government-rum plan and private insurers. Tax credits would be available to help small businesses afford the Health insurance premiumsfor U.S. businesses increasec by 9.2 percent this year, and are expected to increase anotherr 9 percentnext year, according to Small businesses often face much higher rate hikes.
While most small businesses agree the current health insuranc e marketis dysfunctional, there’s a lot of disagreemeny over whether the House bill would cure the proble or just make it worse. Mike who owns a retail clothing store and desigm business called Smash inDes Moines, Iowa, likesa what he sees in the bill. Draper thinks adding a publi c plan would hold down premiums by creating more competition in the Draper doesn’t offer health insurance to its seven full-timee workers, but reimburses them for the cost of policies they buy on their own. That’es fine with his employees, who are single and in their 20s.
The reimbursementx now account for 6 percentof Smash’as payroll, but that coule jump to 22 percent in four when Draper expects everyone on his management team to have creating the need for family His business couldn’t handle that expense, he said. If the House bill were enacted, he would consider buying insuranced through the exchange if it were easyto use. But he mighgt decide to pay the 8 percent payrololfee instead, then reimburse his employees for some of the cost of the policies they purchase through the exchange. Drapefr thinks employers should be requirer to help pay for their health insurance.
Like Social Security contributions, this sort of responsibilitt is “kind of what you signed up for” when you becomse a business owner, he said. Other smalll business owners, however, think the House bill imposees too tough of a standard onsmall businesses. The requirement to pay 72.5 percent of an employee’s premiumm for individual coverage “is much too high for many small businesses,” says Karen Kerrigan, president and CEO of the SmalpBusiness & Entrepreneurship Council. The only way many smalll businesses can afford coverage is by making employees pick up more of the she said. Arlington, Va.-basesd Company Flowers & Gifts Too!
, for pays 50 percent of the cost of health insurance forseven full-time employees. Even that may not be affordable next because “our rates are going to skyrocket,” co-ownetr John Nicholson told the House Small Business Committee earlier this
percent of the cost of health insurance premiumwfor full-time employees under the health care reform bill being considerexd by the House. They also woulx be required to pick up at leastt some of the tab forinsurinvg part-time employees. Businesses that don’t providd this minimum level of coverage would be required to pay the federal government a fee based on 8 percenft oftheir payroll. Small businesses under a yet-to-be-determined threshold would be exemptex fromthis “play or pay” requirement.
The chairmenj of three House committees with jurisdiction over health care introduced drafrt legislationJune 19, offering the most details yet on how healtn care reform could affect small Under the bill, small businesses and individuals couldx shop for insurance through a nationakl exchange, which would include a government-rum plan and private insurers. Tax credits would be available to help small businesses afford the Health insurance premiumsfor U.S. businesses increasec by 9.2 percent this year, and are expected to increase anotherr 9 percentnext year, according to Small businesses often face much higher rate hikes.
While most small businesses agree the current health insuranc e marketis dysfunctional, there’s a lot of disagreemeny over whether the House bill would cure the proble or just make it worse. Mike who owns a retail clothing store and desigm business called Smash inDes Moines, Iowa, likesa what he sees in the bill. Draper thinks adding a publi c plan would hold down premiums by creating more competition in the Draper doesn’t offer health insurance to its seven full-timee workers, but reimburses them for the cost of policies they buy on their own. That’es fine with his employees, who are single and in their 20s.
The reimbursementx now account for 6 percentof Smash’as payroll, but that coule jump to 22 percent in four when Draper expects everyone on his management team to have creating the need for family His business couldn’t handle that expense, he said. If the House bill were enacted, he would consider buying insuranced through the exchange if it were easyto use. But he mighgt decide to pay the 8 percent payrololfee instead, then reimburse his employees for some of the cost of the policies they purchase through the exchange. Drapefr thinks employers should be requirer to help pay for their health insurance.
Like Social Security contributions, this sort of responsibilitt is “kind of what you signed up for” when you becomse a business owner, he said. Other smalll business owners, however, think the House bill imposees too tough of a standard onsmall businesses. The requirement to pay 72.5 percent of an employee’s premiumm for individual coverage “is much too high for many small businesses,” says Karen Kerrigan, president and CEO of the SmalpBusiness & Entrepreneurship Council. The only way many smalll businesses can afford coverage is by making employees pick up more of the she said. Arlington, Va.-basesd Company Flowers & Gifts Too!
, for pays 50 percent of the cost of health insurance forseven full-time employees. Even that may not be affordable next because “our rates are going to skyrocket,” co-ownetr John Nicholson told the House Small Business Committee earlier this
Thursday, March 8, 2012
D.C. Mayor taps Valerie Santos as deputy mayor - Pittsburgh Business Times:
http://traillscrestloft.com/in-the-city-cheap-hotels-booking.html
Santos, as chief operating officer under Albert, has been closel y involved in decision-making on many of the real estater dealsAlbert managed, including majo r city projects such as Poplar Point. Albertf began his new job as city administratoron Monday, replacing Dan who is taking a job in the Obamw administration. "In Ms. Santos, we not only have a steady hand who knowdthe job, we have someone who is a consummatee professional who will bring private-sector talents to get the job Fenty said. Santos was previously a vice presidenrt at commercial real estate services firm and a manage rwith 's real estate group.
She holdds both an MBA and master'sz of public policy from the Kennedy School of Governmentat . Santos has displayed a no-nonsense approacyh appearing as Albert’s stand-in to testify at D.C. Councikl meetings and in publixc forums representing the city when he was She is already getting her feet wet in dealing with the politicalk aspects ofthe job. On when the D.C. Council was busy squaring away final detaild of budgetimplementation legislation, Santoxs and Albert’s other top deputy, Director of Developmenrt David Jannarone, moved around the Wilson Building seeking changex from council members.
Santos apparently was not Fenty’ s initial choice to be deputy Greg O’Dell, Washington Convention Center Authority CEO and a former staff member of the deputy mayor’s office, had been consideredf a top candidate to replace Albert, but a source closd to O'Dell says he was offered the job and turned it down. O’Dell would not confirm that, but indicated he would remainn in hiscurrent post, where he is now taskef with seeking public financing for all of a $550 millionh convention center hotel.
“The board and the mayor have every expectation of me completing all the tasks Ihave here,” he Fenty would not say whether he had offeredx the job to O’Dell or anyone else befores Santos. He announced the pick outsid e the Walker JonesElementary School, whicuh is being rebuilt as part of a new Northwesgt One neighborhood, and said she was “thr first person who has risen to the deputgy mayor’s position from within the ranks.” “II think it’s a great sign for the D.C.
governmengt that not only does Valerise Santos have amazing experience in the private sector butthat she’es been hard at work serving the people of the District of Columbiwa for the last two years,” the mayoer said. He said Santos sharedr the vision that he and Albert had for how economic development in the city shoulebe run, not by owningg or overly managing projects but by allowing the private sectorf to bring ideas to the “We should try to just facilitate development. We’ve got the greatest business communitu in the world herein D.C. We don’t need to try to replicat what they’re doing. We don’t need an emphasis on ownin or building inthe D.C.
We need to facilitate. And to do so, we need to hire the best and the brightestyand we’ve done that.” Santos, 36, who livees in Columbia Heights, was working for Jones Lang LaSallde as a consultant to the city when Alber -- whom she called a mentor -- recruitefd her to work for him. She is believed to be the firs woman to serve in the rolefor D.C. and will managse 65 employees and as well as oversee the Office of Department of Housing andCommunity Development, the Officd of Property Management and the Washington D.C. Economic a contractor.
“In the coming weeks my goal is to ensurer asmooth transition, whicy I expect will be relativelu easy, because I am very fortunate to managde a very talented and skilleds team,” she said. She said she woul continue to move projects all over the with a particular focus on thosew east of the Anacostia such as the planned redevelopmentof St. Elizabethse Hospital in Southeast D.C. “We will continur to focus on implementingMayor Fenty’s vision for economic development. In the contexft of the currenteconomic climate, we will focu on business attraction and retention efforts, and in continuing to provide tools to alloew our local business and not-for-profits to she said.
A member of the D.C. Council who regularly butts headswith Albert, Councilman Kwame D-at large and chaidr of the economic development committee, issuedr a press release during the announcement saying he was disappointec he was not invited but saying Santos “has the experience and the operationalo knowledge” for the job and that her appointmenrt was “an opportunity to forgse a new relationship between the Councikl and the executive to create jobs for District new opportunities for local businesses, more affordable housinb and to efficiently move projects to completion.
”
Santos, as chief operating officer under Albert, has been closel y involved in decision-making on many of the real estater dealsAlbert managed, including majo r city projects such as Poplar Point. Albertf began his new job as city administratoron Monday, replacing Dan who is taking a job in the Obamw administration. "In Ms. Santos, we not only have a steady hand who knowdthe job, we have someone who is a consummatee professional who will bring private-sector talents to get the job Fenty said. Santos was previously a vice presidenrt at commercial real estate services firm and a manage rwith 's real estate group.
She holdds both an MBA and master'sz of public policy from the Kennedy School of Governmentat . Santos has displayed a no-nonsense approacyh appearing as Albert’s stand-in to testify at D.C. Councikl meetings and in publixc forums representing the city when he was She is already getting her feet wet in dealing with the politicalk aspects ofthe job. On when the D.C. Council was busy squaring away final detaild of budgetimplementation legislation, Santoxs and Albert’s other top deputy, Director of Developmenrt David Jannarone, moved around the Wilson Building seeking changex from council members.
Santos apparently was not Fenty’ s initial choice to be deputy Greg O’Dell, Washington Convention Center Authority CEO and a former staff member of the deputy mayor’s office, had been consideredf a top candidate to replace Albert, but a source closd to O'Dell says he was offered the job and turned it down. O’Dell would not confirm that, but indicated he would remainn in hiscurrent post, where he is now taskef with seeking public financing for all of a $550 millionh convention center hotel.
“The board and the mayor have every expectation of me completing all the tasks Ihave here,” he Fenty would not say whether he had offeredx the job to O’Dell or anyone else befores Santos. He announced the pick outsid e the Walker JonesElementary School, whicuh is being rebuilt as part of a new Northwesgt One neighborhood, and said she was “thr first person who has risen to the deputgy mayor’s position from within the ranks.” “II think it’s a great sign for the D.C.
governmengt that not only does Valerise Santos have amazing experience in the private sector butthat she’es been hard at work serving the people of the District of Columbiwa for the last two years,” the mayoer said. He said Santos sharedr the vision that he and Albert had for how economic development in the city shoulebe run, not by owningg or overly managing projects but by allowing the private sectorf to bring ideas to the “We should try to just facilitate development. We’ve got the greatest business communitu in the world herein D.C. We don’t need to try to replicat what they’re doing. We don’t need an emphasis on ownin or building inthe D.C.
We need to facilitate. And to do so, we need to hire the best and the brightestyand we’ve done that.” Santos, 36, who livees in Columbia Heights, was working for Jones Lang LaSallde as a consultant to the city when Alber -- whom she called a mentor -- recruitefd her to work for him. She is believed to be the firs woman to serve in the rolefor D.C. and will managse 65 employees and as well as oversee the Office of Department of Housing andCommunity Development, the Officd of Property Management and the Washington D.C. Economic a contractor.
“In the coming weeks my goal is to ensurer asmooth transition, whicy I expect will be relativelu easy, because I am very fortunate to managde a very talented and skilleds team,” she said. She said she woul continue to move projects all over the with a particular focus on thosew east of the Anacostia such as the planned redevelopmentof St. Elizabethse Hospital in Southeast D.C. “We will continur to focus on implementingMayor Fenty’s vision for economic development. In the contexft of the currenteconomic climate, we will focu on business attraction and retention efforts, and in continuing to provide tools to alloew our local business and not-for-profits to she said.
A member of the D.C. Council who regularly butts headswith Albert, Councilman Kwame D-at large and chaidr of the economic development committee, issuedr a press release during the announcement saying he was disappointec he was not invited but saying Santos “has the experience and the operationalo knowledge” for the job and that her appointmenrt was “an opportunity to forgse a new relationship between the Councikl and the executive to create jobs for District new opportunities for local businesses, more affordable housinb and to efficiently move projects to completion.
”
Tuesday, March 6, 2012
Youthbuild Boston Inc. Company Profile | Company Information
ycoguqi.wordpress.com
Launched in 1990 with 28 young people in achurcjh basement, YBB was the first replicatiohn of the YouthBuild model outside of New York. The mission of YouthBuilrd Boston Inc. (YBB) is to improve opportunities for youngh people of Boston by teaching skillds that will equip them to support themselves and help develop personapl andneighborhood responsibility. The guidingg principle of YBB is "Youth or young when treated asvaluable resources, will realize that they can be partnersd in rebuilding their community".
YBB realizes that the difficulties that youngy people face must be overcome by addressing the terrible and overwhelminfg lack of empowerment that they often These feelings are reinforced by a society that views them as part of the and notthe solution. YBB recognizes that these individuals are capablre of and vital to improving their livee and the condition ofthei community. YBB has been successful since its YBB, along with other agencies has contributed to the vibrancyg ofthe community.
Consistent fundin from the Department of Housing andUrban AmeriCorps, the Commonwealth of Massachusetts, YouthBuild USA, the privatr foundation community, corporations, and individuals, has enabled us to serve Bostomn youth. We do this through the operation offour programs.
Launched in 1990 with 28 young people in achurcjh basement, YBB was the first replicatiohn of the YouthBuild model outside of New York. The mission of YouthBuilrd Boston Inc. (YBB) is to improve opportunities for youngh people of Boston by teaching skillds that will equip them to support themselves and help develop personapl andneighborhood responsibility. The guidingg principle of YBB is "Youth or young when treated asvaluable resources, will realize that they can be partnersd in rebuilding their community".
YBB realizes that the difficulties that youngy people face must be overcome by addressing the terrible and overwhelminfg lack of empowerment that they often These feelings are reinforced by a society that views them as part of the and notthe solution. YBB recognizes that these individuals are capablre of and vital to improving their livee and the condition ofthei community. YBB has been successful since its YBB, along with other agencies has contributed to the vibrancyg ofthe community.
Consistent fundin from the Department of Housing andUrban AmeriCorps, the Commonwealth of Massachusetts, YouthBuild USA, the privatr foundation community, corporations, and individuals, has enabled us to serve Bostomn youth. We do this through the operation offour programs.
Sunday, March 4, 2012
Patterson turned into a cheerleader on Gophers' two goals - Minneapolis Star Tribune (blog)
hydiuco.blogspot.com
Patterson turned into a cheerleader on Gophers' two goals Minneapolis Star Tribune (blog) As it turned out, UMD and SCSU tied 3-3 after a scoreless overtime. So the Gophers finished 20-8-0 in the conference for 40 points, the Bulldogs 16-7-5 for 37 points. "Our senior class has been working for moments like this for our whole four years," ... |
Friday, March 2, 2012
Displacement is essential to Beauregard redevelopment plan - Alexandria Times
uzirukynurylew.blogspot.com
Alexandria Times | Displacement is essential to Beauregard redevelopment plan Alexandria Times Following an exhaustive tug-of-war over waterfront redevelopment, city planners, residents and developers have begun a new battle for the future of Alexandria, this time in the city's northwest corner: the Beauregard and Mark Center neighborhoods. |
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