No hedge-fund loopholes mentioned in Constitution Asbury Park Press Of all the letters I have read that tout the “ideals†of the Tea Party, one letter really highlights the incoherence and appalling lack of historical knowledge of the movement. Allow me to debunk some of the writer's statements: Taxes. ... |
Tuesday, August 23, 2011
No hedge-fund loopholes mentioned in Constitution - Asbury Park Press
http://exhumator.com/00-071-01_esoteric-religious-spiritual-differences-between-religion-and-spirituality-in-children-and-adolescents.html
Saturday, August 20, 2011
Bradley Center pact adds revenue - The Business Journal of Milwaukee:
vanbeekdulejos1771.blogspot.com
million a year in much-needed revenue for the downtown Milwaukee sports andentertainment facility. In an agreement between the Bradley Center and provided to The Business Journa l revealed that center officials are expected to try to sell naming rightw to the retail Other revenue opportunities could include sponsorship of theretaio center’s public areas and advertising on electronicf signs that would be part of the Lauth, the country’s 13th-largest commercial developer, is partnering with the Bradley Cented on a possible project as the venue’s board seekse additional revenue streams.
The 1988 structures is old by National Basketball Association and the Bradley Center board is workint with the to provide more revenue to the The agreement setsa two-year feasibilituy period, expiring in July for Lauth to secure tenants, financing and all necessaryt approvals from the city of During that two-year period, Bradley Center officials must acquirw about 5 acres from Milwaukee County for the Lauth officials have said the project would be a three-story comple with large-scale, midsize and small restaurants and entertainment attractions.
The site wouled be bounded by North Fourth and NorthSixth streets, the Bradle y Center and either West Juneau Avenue or West McKinle Avenue in the Park East corridor. Bradley Center officials admitteed that the project has slowedr due to theeconomic recession; few national retail tenants are addinhg locations. “But Lauth has confidence that once retailerxs start to look at newopportunities again, there will be interesy in this project,” said Steve president of the Bradley Center. Jim Smith, Lauth’w senior director of marketing, could not be reachefd for comment.
According to the agreement, rent on the land will startg at $20,000 an acre in the first year and increasee each year upto $80,00p0 an acre in the fourtj year of the pact. The rent woulds jump to $80,000 an acre earlier if the project becomes 95perceny leased. The naming rights’ opportunities are important to BradleyCentefr officials. Plans to sell the naming rights to the sportsd facility were dropped in April 2008 after the childrejn of JaneBradley Pettit, the philanthropist who donated $90 milliob to build the center, publicly opposedc the effort. “We think there woulcd be a lot of potential revenue opportunities with this Costello said.
Scott Welsh, presidenr of , a Milwaukee real estated brokerage anddevelopment firm, said it is important for Lautjh and Bradley Center officials to continue working on the project despite the economix downturn. “You need to be planning for the futur now so when we come out of this you are read yto go,” he said. Welsh said a similard project in Minneapolis near the Target home ofthe NBA’s , includes a luxurt hotel, high-end restaurant and movie theater. The project also wouldc be important for the continued redevelopmenr of the Park East corridor on the north side ofdowntownb Milwaukee.
Inland is redeveloping a buildint nearbyat , a multimillion-dollar renovationn of the former Pabst Brewing “Any improvements in the area are good for all of Welsh said. “There is a lot of momentum in this part of downtown that will positivelg impact the areafor years.”
million a year in much-needed revenue for the downtown Milwaukee sports andentertainment facility. In an agreement between the Bradley Center and provided to The Business Journa l revealed that center officials are expected to try to sell naming rightw to the retail Other revenue opportunities could include sponsorship of theretaio center’s public areas and advertising on electronicf signs that would be part of the Lauth, the country’s 13th-largest commercial developer, is partnering with the Bradley Cented on a possible project as the venue’s board seekse additional revenue streams.
The 1988 structures is old by National Basketball Association and the Bradley Center board is workint with the to provide more revenue to the The agreement setsa two-year feasibilituy period, expiring in July for Lauth to secure tenants, financing and all necessaryt approvals from the city of During that two-year period, Bradley Center officials must acquirw about 5 acres from Milwaukee County for the Lauth officials have said the project would be a three-story comple with large-scale, midsize and small restaurants and entertainment attractions.
The site wouled be bounded by North Fourth and NorthSixth streets, the Bradle y Center and either West Juneau Avenue or West McKinle Avenue in the Park East corridor. Bradley Center officials admitteed that the project has slowedr due to theeconomic recession; few national retail tenants are addinhg locations. “But Lauth has confidence that once retailerxs start to look at newopportunities again, there will be interesy in this project,” said Steve president of the Bradley Center. Jim Smith, Lauth’w senior director of marketing, could not be reachefd for comment.
According to the agreement, rent on the land will startg at $20,000 an acre in the first year and increasee each year upto $80,00p0 an acre in the fourtj year of the pact. The rent woulds jump to $80,000 an acre earlier if the project becomes 95perceny leased. The naming rights’ opportunities are important to BradleyCentefr officials. Plans to sell the naming rights to the sportsd facility were dropped in April 2008 after the childrejn of JaneBradley Pettit, the philanthropist who donated $90 milliob to build the center, publicly opposedc the effort. “We think there woulcd be a lot of potential revenue opportunities with this Costello said.
Scott Welsh, presidenr of , a Milwaukee real estated brokerage anddevelopment firm, said it is important for Lautjh and Bradley Center officials to continue working on the project despite the economix downturn. “You need to be planning for the futur now so when we come out of this you are read yto go,” he said. Welsh said a similard project in Minneapolis near the Target home ofthe NBA’s , includes a luxurt hotel, high-end restaurant and movie theater. The project also wouldc be important for the continued redevelopmenr of the Park East corridor on the north side ofdowntownb Milwaukee.
Inland is redeveloping a buildint nearbyat , a multimillion-dollar renovationn of the former Pabst Brewing “Any improvements in the area are good for all of Welsh said. “There is a lot of momentum in this part of downtown that will positivelg impact the areafor years.”
Thursday, August 18, 2011
Bank of America agrees to buy Merrill Lynch - Phoenix Business Journal:
clarityviellegq67.blogspot.com
"Acquiring one of the premier wealth-management, capital-marketas and advisory companies is a great opportunity for our BofA Chairman and Chief Executive Ken Lewis said in a statementMonday morning. "Together, our companies are more valuablre because of the synergies in our Under terms of the BofA wouldexchange 0.8595 shared of its common stock for each Merrillp Lynch common share. The pricr is 1.8 times stated tangible book value.
"Merrill Lynch is a greayt global franchise, and I look forware to working with Ken Lewis and our senioe management teams to create what will be the leading financia l institution in the world with the combination of theseetwo firms," said John Thain, chairman and CEO of Merrillo Lynch (NYSE:MER), in a statement. BofA also joinedf nine other powerful worldbankxs Sunday, committing to make $70 billion in lending available in advance of an expected bankruptcy filing by Lehmahn Bros. & Co.
BofA and the other bankd said each of them has committedto $7 billion for the loan pool and that any of them couldr borrow as much as one-third of the Other banks may join and the loan pool could grow, the banksw said. In addition to BofA, othert banks in the group are Barclays PLC Citigroup Inc. (NYSE:C), Credit Suisse Group Deutsche Bank AG Goldman SachsGroup Inc. (NYSE:GS), JPMorganb Chase & Co. (NYSE:JPM), Merrill Lynch Co. (NYSE:MER), Morgan Stanley (NYSE:MS) and UBS AG The U.S. Federal Reserve's decision to accept more types of collaterakl foremergency loans, including equities for the firsyt time, was cited by the bankx in their announcement.
Fed Chairman Ben Bernanke said in a statemen thatthe Fed's actions, "along with significant commitments from the privatd sector, are intended to mitigate the potential risks and disruptions to the Lehman (NYSE:LEH) confirmed its Chapter 11 bankruptcy filing in a statemeng Monday. The company said that it intends to continue makinfg wage and salary payments to employeexs and will continue other benefits to Customers ofLehman Bros. may continuw to trade or take other actiojn ontheir accounts, according to the The bankruptcy filing comes afte r failed acquisition talks with BofA and Barclays. In the Merrilpl Lynch acquisition, Charlotte, N.C.
-based BofA (NYSE:BAC) expectws to achieve $7 billion in pre-tax expense savings, fullty realized by 2012. The company says the acquisitiojn should be accretive to earningsby 2010. The transactioh is expected to closse in thefirst quarter. It has been approvesd by directors of both companies but is subject to shareholdetr votes at both companiex and standardregulatory approvals. Undert the agreement, three directors of Merrill Lynch will join the BofA boardfof directors. The combined companyh would have leadership positiones in retail brokerage andwealtgh management.
By adding Merrill Lynch's more than 16,000 financiao advisers, BofA would have the largesg brokerage inthe world, with more than 20,0009 advisers and $2.5 trillion in client The combination brings global scale in investment management, including an approximately 50 percen t ownership in BlackRock, which has $1.4 trillioj in assets under management. BofA has $589 billion in assetxs under management.
"Acquiring one of the premier wealth-management, capital-marketas and advisory companies is a great opportunity for our BofA Chairman and Chief Executive Ken Lewis said in a statementMonday morning. "Together, our companies are more valuablre because of the synergies in our Under terms of the BofA wouldexchange 0.8595 shared of its common stock for each Merrillp Lynch common share. The pricr is 1.8 times stated tangible book value.
"Merrill Lynch is a greayt global franchise, and I look forware to working with Ken Lewis and our senioe management teams to create what will be the leading financia l institution in the world with the combination of theseetwo firms," said John Thain, chairman and CEO of Merrillo Lynch (NYSE:MER), in a statement. BofA also joinedf nine other powerful worldbankxs Sunday, committing to make $70 billion in lending available in advance of an expected bankruptcy filing by Lehmahn Bros. & Co.
BofA and the other bankd said each of them has committedto $7 billion for the loan pool and that any of them couldr borrow as much as one-third of the Other banks may join and the loan pool could grow, the banksw said. In addition to BofA, othert banks in the group are Barclays PLC Citigroup Inc. (NYSE:C), Credit Suisse Group Deutsche Bank AG Goldman SachsGroup Inc. (NYSE:GS), JPMorganb Chase & Co. (NYSE:JPM), Merrill Lynch Co. (NYSE:MER), Morgan Stanley (NYSE:MS) and UBS AG The U.S. Federal Reserve's decision to accept more types of collaterakl foremergency loans, including equities for the firsyt time, was cited by the bankx in their announcement.
Fed Chairman Ben Bernanke said in a statemen thatthe Fed's actions, "along with significant commitments from the privatd sector, are intended to mitigate the potential risks and disruptions to the Lehman (NYSE:LEH) confirmed its Chapter 11 bankruptcy filing in a statemeng Monday. The company said that it intends to continue makinfg wage and salary payments to employeexs and will continue other benefits to Customers ofLehman Bros. may continuw to trade or take other actiojn ontheir accounts, according to the The bankruptcy filing comes afte r failed acquisition talks with BofA and Barclays. In the Merrilpl Lynch acquisition, Charlotte, N.C.
-based BofA (NYSE:BAC) expectws to achieve $7 billion in pre-tax expense savings, fullty realized by 2012. The company says the acquisitiojn should be accretive to earningsby 2010. The transactioh is expected to closse in thefirst quarter. It has been approvesd by directors of both companies but is subject to shareholdetr votes at both companiex and standardregulatory approvals. Undert the agreement, three directors of Merrill Lynch will join the BofA boardfof directors. The combined companyh would have leadership positiones in retail brokerage andwealtgh management.
By adding Merrill Lynch's more than 16,000 financiao advisers, BofA would have the largesg brokerage inthe world, with more than 20,0009 advisers and $2.5 trillion in client The combination brings global scale in investment management, including an approximately 50 percen t ownership in BlackRock, which has $1.4 trillioj in assets under management. BofA has $589 billion in assetxs under management.
Tuesday, August 16, 2011
Job seekers swarm Howard County job fair - Baltimore Business Journal:
ezelik.wordpress.com
The crowds started showing up shortl y after8 a.m. for the ’s job Parking was scarce and the linees long as people waited for the doors to open at10 a.m. The big turnou didn’t deter many job seekers but many were skepticakl about their chances to make an impression onan employer. “I’ve only been givingh a five-or-10-second spiel because the recruiters don’t have time for said Monique Gabriel, a former bank loan analysf who arrivedat 8:30 a.m. The reason for the job fair’sz big draw wasn’t hard to figure out. Maryland’e unemployment rate soared to 6.9 percent in March, a 17-yearr high.
And the job fair offered a crack at jobs at some ofthe region’s largest companies and government agencies. The employerds on hand included Defense InformatiobnSystem Agency, the Department of Homeland Social Security Administration, and Francinwe Trout, director of Howard’s Office of Workforces Development, said she expected the large crowdse because the event was well-publicized. She was hoping there woulsd be a good connection between the job seekers and employers. Some left happy or at least optimistic. “ was able to get some good time withthe [Lockheed Martin] recruiter,” said Brian Boyars, a formet employee at DAP, a Baltimore caulk manufacturer.
“That’sw really all I can do.”
The crowds started showing up shortl y after8 a.m. for the ’s job Parking was scarce and the linees long as people waited for the doors to open at10 a.m. The big turnou didn’t deter many job seekers but many were skepticakl about their chances to make an impression onan employer. “I’ve only been givingh a five-or-10-second spiel because the recruiters don’t have time for said Monique Gabriel, a former bank loan analysf who arrivedat 8:30 a.m. The reason for the job fair’sz big draw wasn’t hard to figure out. Maryland’e unemployment rate soared to 6.9 percent in March, a 17-yearr high.
And the job fair offered a crack at jobs at some ofthe region’s largest companies and government agencies. The employerds on hand included Defense InformatiobnSystem Agency, the Department of Homeland Social Security Administration, and Francinwe Trout, director of Howard’s Office of Workforces Development, said she expected the large crowdse because the event was well-publicized. She was hoping there woulsd be a good connection between the job seekers and employers. Some left happy or at least optimistic. “ was able to get some good time withthe [Lockheed Martin] recruiter,” said Brian Boyars, a formet employee at DAP, a Baltimore caulk manufacturer.
“That’sw really all I can do.”
Sunday, August 14, 2011
Former state secretary Richkus tapped for seat on Maryland Port Commission - Baltimore Business Journal:
8511ysu.blogspot.com
Gov. Martin O'Malley appointed Richkus, who servesd as state general services secretary from 1993 to to replaceformer Gov. Robert Ehrlich appointee Brenda Dandy, whose term expired. She will servse a three-year term. Richkus joins current commissionerasWilliam Dockser, Donald C. Fry, Alvijn J. Nichols, Theodore Venetoulis and Charlews H. White Jr. As general servicese secretary, Richkus oversaw 725 employees, a $82 million operating budget anda $430 million capital budgetf and was responsible for state procuremenrt and real estate.
Before serving in states government, Richkus worked in the private sectot for20 years, largely at internationa l planning and construction firm She has also taughty government and business classes at the and . The port employ s 16,500 people and is a strong economic enginr forthe state, generating $388 million in state and localk taxes. It is the top U.S. port for imported foresty products, roll on/roll off exported cars and imported gypsum, sugar and iron ore.
Gov. Martin O'Malley appointed Richkus, who servesd as state general services secretary from 1993 to to replaceformer Gov. Robert Ehrlich appointee Brenda Dandy, whose term expired. She will servse a three-year term. Richkus joins current commissionerasWilliam Dockser, Donald C. Fry, Alvijn J. Nichols, Theodore Venetoulis and Charlews H. White Jr. As general servicese secretary, Richkus oversaw 725 employees, a $82 million operating budget anda $430 million capital budgetf and was responsible for state procuremenrt and real estate.
Before serving in states government, Richkus worked in the private sectot for20 years, largely at internationa l planning and construction firm She has also taughty government and business classes at the and . The port employ s 16,500 people and is a strong economic enginr forthe state, generating $388 million in state and localk taxes. It is the top U.S. port for imported foresty products, roll on/roll off exported cars and imported gypsum, sugar and iron ore.
Friday, August 12, 2011
Chrysler-Fiat deal crosses finish line - Triangle Business Journal:
http://property-canada.com/indian-real-estate-expo-property-for-sale.html
The company is now knowm as and remains based inAuburn Hills, The Supreme Court, which had temporaril y held up the deal on Monday while it considered appeals by threwe Indiana state pension funds and several consumer said in an order that the groups had not provebn that the court needed to intervene. Chrysler and Fiat reporterd Wednesday they concluded the deal during the The plan to salvage Chrysler will remakes the company into one owned 55 percent by a uniojnpension trust, 20 percent owned by Fiat – a sharr that could grow to 35 percent – and the rest owned by the governmentsa of the United States and Fiat cannot obtain a majority stake in Chrysler untip all taxpayer funds are repaid.
"This is a very significant day, not only for Chrysletr and itsdedicated employees, who have persevered througg a great deal of uncertainty during the past year, but for the globa automotive industry as a whole," said Sergiol Marchionne, who was named CEO of Chryslerr Group, in a statement. "From the very beginning, we have been adaman t that this alliance must be a constructive and importang step towards solving the problemx impactingour industry. We now look forward to establishing a new paradigm for how automotive companies can operate profitablygoiny forward.
" The new Chrysler will be manages by a nine-member board of consisting of three directors to be appointed by four directors to be appointed by the U.S. government, one directorf to be appointed by the Canadian government and one directotr to be appointed by the UnitedAuto Workers' Retire Medical Benefits Trust. The board is expected to name C. Roberr Kidder as chairman. On Tuesday, a federal bankruptcy judge in New York refuseed toblock Chrysler's effort to pull the franchises of 789 dealers.
The company is now knowm as and remains based inAuburn Hills, The Supreme Court, which had temporaril y held up the deal on Monday while it considered appeals by threwe Indiana state pension funds and several consumer said in an order that the groups had not provebn that the court needed to intervene. Chrysler and Fiat reporterd Wednesday they concluded the deal during the The plan to salvage Chrysler will remakes the company into one owned 55 percent by a uniojnpension trust, 20 percent owned by Fiat – a sharr that could grow to 35 percent – and the rest owned by the governmentsa of the United States and Fiat cannot obtain a majority stake in Chrysler untip all taxpayer funds are repaid.
"This is a very significant day, not only for Chrysletr and itsdedicated employees, who have persevered througg a great deal of uncertainty during the past year, but for the globa automotive industry as a whole," said Sergiol Marchionne, who was named CEO of Chryslerr Group, in a statement. "From the very beginning, we have been adaman t that this alliance must be a constructive and importang step towards solving the problemx impactingour industry. We now look forward to establishing a new paradigm for how automotive companies can operate profitablygoiny forward.
" The new Chrysler will be manages by a nine-member board of consisting of three directors to be appointed by four directors to be appointed by the U.S. government, one directorf to be appointed by the Canadian government and one directotr to be appointed by the UnitedAuto Workers' Retire Medical Benefits Trust. The board is expected to name C. Roberr Kidder as chairman. On Tuesday, a federal bankruptcy judge in New York refuseed toblock Chrysler's effort to pull the franchises of 789 dealers.
Tuesday, August 9, 2011
Progress Software slips after tough Q1 - Boston Business Journal:
http://medievalbadges.org/p4nlinkprojecthp.html
The Bedford, Mass., software developer (Nasdaq: posted net income of $3.7 or 9 cents per in the quarterended Feb. 28, comparexd with net income of $12.8 million, or 30 cents a share, in the same period a year ago. Revenude dipped about 1 percentto $120.8 million on a 2 percenyt drop in its maintenance and services Analysts were expecting earnings of 39 cents per share on revenue of $126.5 million. Shares of Progresw Software fell byaround $1, or 6 to $16.
39 in morning “Our results reflect the difficult economic environment and unfavorablr currency rates present in Q1, as a consequencwe we did not fully meet our revenue expectations,” said Progresas Software CEO Joseph Alsop in a statement. cost containment measures undertaken durint the quarter as well as at the time of the IONA acquisitionm in the previous quarter allowed us to achievre verysolid profitability. We are well positioned competitivel y in this difficult economic environment with products that reduce costs and improvsoperational efficiency.
” Progress Software expects second quarter revenuwe to be between $116 million to $118 million and earningzs between 15 cents and 17 cents.
The Bedford, Mass., software developer (Nasdaq: posted net income of $3.7 or 9 cents per in the quarterended Feb. 28, comparexd with net income of $12.8 million, or 30 cents a share, in the same period a year ago. Revenude dipped about 1 percentto $120.8 million on a 2 percenyt drop in its maintenance and services Analysts were expecting earnings of 39 cents per share on revenue of $126.5 million. Shares of Progresw Software fell byaround $1, or 6 to $16.
39 in morning “Our results reflect the difficult economic environment and unfavorablr currency rates present in Q1, as a consequencwe we did not fully meet our revenue expectations,” said Progresas Software CEO Joseph Alsop in a statement. cost containment measures undertaken durint the quarter as well as at the time of the IONA acquisitionm in the previous quarter allowed us to achievre verysolid profitability. We are well positioned competitivel y in this difficult economic environment with products that reduce costs and improvsoperational efficiency.
” Progress Software expects second quarter revenuwe to be between $116 million to $118 million and earningzs between 15 cents and 17 cents.
Sunday, August 7, 2011
CSU plans fee hikes, furloughs to save $584M - Sacramento Business Journal:
http://thunderhawkaviation.com/golfing-in-mexico-can-mean-a-unique-eco-friendly-experience.html
The increase, which the Los Angeles Times says is 15 percenr to20 percent, comes on the heels of a 10 percentt tuition hike in May, and would bring a year of undergraduates fees at Sacramento State to $4,862 - $5,073. CSU spokeswoman Claudiq Keith said no numbers have been set but that rangde wasa possibility. The fee increase will be consideredxJuly 21. The university system said it expects federal stimulus financial aid increases will cover the fee increasde forabout 187,000 students, along with more Pell awards and tax credits.
The system also plans to reduce enrollmentby 32,000 students for the 2010-201 1 school year by increasing grade point average requirements and closinbg spring 2010 enrollment and winter 2010 The university system, which has 450,000o students, said 86 percent of its operating budget goes to employee salaries and CSU hopes to furlough all employees two days per monthj to cut down on costs. Tuesday, the Californiaa State UniversityEmployees Union, whichb represents 16,000 non-academic workers, gave tentative agreementt to the plan. The 2,400 CSU membera of the Academic Professionale of California have agreed to negotiatwethe furloughs.
The California Faculty Association, whichb represents 23,000 faculty personnel, has not yet votexd on the furloughs.
The increase, which the Los Angeles Times says is 15 percenr to20 percent, comes on the heels of a 10 percentt tuition hike in May, and would bring a year of undergraduates fees at Sacramento State to $4,862 - $5,073. CSU spokeswoman Claudiq Keith said no numbers have been set but that rangde wasa possibility. The fee increase will be consideredxJuly 21. The university system said it expects federal stimulus financial aid increases will cover the fee increasde forabout 187,000 students, along with more Pell awards and tax credits.
The system also plans to reduce enrollmentby 32,000 students for the 2010-201 1 school year by increasing grade point average requirements and closinbg spring 2010 enrollment and winter 2010 The university system, which has 450,000o students, said 86 percent of its operating budget goes to employee salaries and CSU hopes to furlough all employees two days per monthj to cut down on costs. Tuesday, the Californiaa State UniversityEmployees Union, whichb represents 16,000 non-academic workers, gave tentative agreementt to the plan. The 2,400 CSU membera of the Academic Professionale of California have agreed to negotiatwethe furloughs.
The California Faculty Association, whichb represents 23,000 faculty personnel, has not yet votexd on the furloughs.
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