Thursday, January 31, 2013

Global Partnerships gets microfinance grant - Puget Sound Business Journal (Seattle):

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The organization received the three-year grany from the in Vancouver, Wash. The gran t will primarily be used to hire a directot ofinvestment operations. More it will allow the nonprofit to better manage its threwe investment funds and improve its management and trackint offund data. Since 2006, Global Partnership’s fundd under management have increasedfrom $2.5 milliohn to . Some of the nonprofit’s existing loan fund investors include . A Global Partnerships spokeswomann says the microlender is currently raising capital for its fourtyloan fund, which is targetexd to be between $15 million and $25 million.
Globap Partnerships lends money to microfinancwe institutions in Latin American which in turn make small loans to typically women. This summer, Global Partnershipds will expandinto Mexico, its eighth

Sunday, January 20, 2013

Wyden seeks answers on closed auto dealerships - Portland Business Journal:

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Democratic Sen. Ron Wyden asked the head of theWhitwe House’s Automobile Task Force to determinde whether the decision to close Chrysler dealerships is in the best interest of the statew and the nation. “It is inconsistenft with American values to force businesse owners to secure financing with their homes and othere personal assets and then turn around and shut them down and refusr to buy backtheir cars,” Wyden said in a news “I’m also worried that some major population centers in Oregon won’t be able to get theirr cars serviced or have theit warranties honored.
” Chrysler announced last month it will close 789 of its nearl nationwide 3,000 dealerships on June 9. General which filed for bankruptcy protection onJune 1, had earlied announced plans to close the Bob Thomasx Car Co. in Bend. The closing wouldr take place inOctober 2010. “Ifv GM abrogates Bob Thomas Car Company’s dealer agreement, it will have no distributio or service outlets incentral Oregon’s largesg city,” Wyden wrote in a letter to Generapl Motors.
“In short, terminating their GM dealership will negativeluy impactthe Thomases, their employees, GM customers and the community at

Tuesday, January 15, 2013

Metrolist: Denver's resale housing market showing hopeful signs - Denver Business Journal:

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Single-family home sales in June, for were equally split between the lower price ranges that appeaklto first-time homebuyers and pricier house that attract homebuyers moving up to largerd and/or more expensive homes. "Earliere this year, the majority of resale home activitywas first-timd homebuyers, distressed properties and investor activity," independent Littleton broker Gary Bauer said in a statement. "Junw appears to be the transition to a normal Denvermarket -- a market with both first-times homebuyer activity as well as 'move-up' activity.
" Resale homews are those that have sold at least once Combined sales of single-family houses and condominiumws increased 15.4 percent to 4,186 in June from 3,6287 in May. Late spring and summer traditionally arethis country's prime home-selling season, because families buying and sellinbg homes try to complete deals and move when childrenb are out of But June home sales this year were down 13.6 percenyt from 4,845 for the same month of 2008. In 3,328 single-family homes were up from 2,857 sales in May, but down from 3,84 for the year-prior June. Last month, condko sales rose to 858 from 771 in but were down from 998 yearover year.
Average sold pricr for both types of homerose 6.34 percentr to $258,434 in June from $243,022 in May. That price was down 3.21 percenyt from June 2008's average selling price of Average sold pricefor single-family homes -- $283,312, which is up from $262,0665 in May, but down from $286,88y7 from the year-prior June. Median sold price for single-familu homes -- $237,500, up from both the previous monthu ($220,000) and from June 2008 ($230,000). The mediah sold price for a home is the middle pricre between highestand lowest. It'ws considered a truer measure of price than averag e by many real estate professionalsbecauss it's not skewed by highest and lowest prices.
Average sold price for condos -- down from $172,454 in May and $190,36y year over year. Median sold price for condoxs -- $139,837, up from $137,000 in May, but a drop from $148,344 for the year-prior June. Condox also are selling faster with an average of 97 days on the markeytin June, down from 110 days in May and from 108 days year over For this year's first six months, tota l home sales and sold prices were down from the same periox of 2008, according to Metrolist. Combined sales of single-family homesa and condos decreased 17.5 percent to 19,36e from 23,471 for the first six months of last Average selling price was down nearly 8 percentto $235,939 from $256,408.
Average days on the market for both housingb types dipped to 104 through from 106 for the same periodof 2008. Other year-to-date data througgh June, compared to the same period of include: Single-family homes sold -- down from 18,561. Average single-family home sold price -- $256,353, down from Median single-family home sold price -- $211,000, down from Condos sold -- 3,931, down from 4,910. Averages sold price for condosd -- $155,753, down from $176,426. Media sold price for condos -- $129,000, down from Based in Greenwood Metrolist ismetro Denver's Multiple Listing Service, whichj is an association of real estates brokers that share property listingx with each other.

Sunday, January 13, 2013

State Farm may skedaddle even if rate hikes approved - Orlando Business Journal:

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The state’s No. 2 insurer stopped writing new propertyg insurance policies in Florida last year and plans to dropits 730,00 current customers during the next three years. The companyh decided to stop issuing property insurance in Floridw after state regulators turned down an application for a 47 percent rate increasedlast fall. “The exposure in Floridaz is too great and the income is too said State Farm spokesmanChris Neal.
“I’m not sure our modeol has ever been successful inFlorida — at leasgt not for the past 20 years or In an effort to coax State Farm to reconsider — and to entice other nationapl insurers who already withdrew from Florida to returbn — state lawmakers passed a bill early this month that would exempt their rates from “I think the companies will look at this they will look at the cost of insuring housez at rates that are actuarially sound, and they will offer policies,” said state Sen. Michae Bennett, R-Bradenton, one of the bill’s Crist hasn’t said whether he would sign the billor not, thoug he is rumored to lean against it.
Even if Crist does sign it, it’ unclear how the large insurerswould “If this bill becomes law, would we stay? I don’t have an answer for that,” said “If State Farm had plentyy of money in the bank, we coulfd probably hold off on this decision for a But each month we wait is anothedr month our surplus declines.” The law would creatse a new category of property insurance, one that relies on insurerx to determine an actuarially sound and it would allow them to decide where they wouldf want to write “I haven’t posed the question to State Farm or anybodyg else about what they would said state Rep. Bill Proctor, R-St.
who sponsored the House version ofthe bill. “But what woulx have been the point of Stat e Farm filing for a rateincreass [in 2008] if they didn’t want to stay?” Statwe Farm, which buys its own reinsurance protection againsgt excessive losses, is highly The same might not be true of smallert companies or state-owned , whichn typically rely on the underfunded state Hurricane Catastrophe Fund as a he said. “The biggest threat to our economy isn’f the recession — it’s a Category Five hurricane that strikes Miami and movesd across the stateto Tampa.
” Big insurers, includinfg State Farm, won’t do business in Florida unlesd they can charge rates that protectf policyholders in the event of such a storm, he said. Petefr Brennan, vice president of the agency in said giving people access to deregulatecd premium insurers is agood idea. “Thes opportunity to pay more for coverage from a very large company should be availableto consumers.

Friday, January 11, 2013

NIMS' Materials Nanoarchitectonics Center and UCLA Partner to Develop On ... - AZoNano.com

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Thursday, January 10, 2013

Duke, CFO study: CFOs foresee more job cuts, credit woes - Portland Business Journal:

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The quarterly Duke University/CFO Magazinse Global Business Outlook Surveyasked 1,309 CFOs worldwid e about their expectations for the economy. Theifr answers paint a gloomy picture for the rest ofthe year. * CFOs in the U.S. and Europwe expected employment to shrinkby 5.5 percent, with the unemployment rate in the U.S. seen rising to perhaps as high as 12 percentt in the next 12 Employment in Asia is expecte d to recedeby 1.2 percent.
“Presumably, government programse will offset some ofthese losses, but even the most optimisti c government forecasts would reduce the losses by only 2 million,” said Campbello Harvey, founding director of the survey and international businesss professor at Duke’s Fuquqa School of Business. “We’re facing the possibilityh of another 4 millionlost jobs.” * U.S. and Europeahn CFOs foresee capital spending plunging by more than10 percent. In CFOs anticipate a 3 percent decline. * Six in 10 U.S. companieds covered by the survey reported having trouble findingv credit or acquiring credigt at areasonable rate.
Among thoswe firms encounteringcredit impediments, 42 percent say the credi t markets have gotten worse this year, while 23 percent say condition s have improved. * Weak consumer demand and the credi t markets ranked as the top two external concernssamong U.S. chief financial with the federal government’s policies coming in third. Among internal concerns, CFOs are losingv the most sleep over their inability to plan due toeconomicv uncertainty, managing their companies’ capital and liquidity, and maintaining employee Despite all the negative indicators, a majoritu of the CFOs in the United States and Asia reporteds being more optimistic this quarter than they were the previoua quarter.
That was not the case in Europe, wherd only 30 percent of the CFOs said they weremore optimistic, comparedd to the 31 percent who said they were less “Our survey carries an important message: Don’ put too much weight on the data like consumer confidence. Recovery requires sustained confidence, and such confidence is forged by strongerreconomic fundamentals,” Harvey “The economic fundamentals –- capital spending, the cost of credit – are still fundamentally troubling.” To see the complete surveyt results, go to the official Web site, .


NIMS' Materials Nanoarchitectonics Center and UCLA Partner to Develop On ...

AZoNano.com


The NIMS International Center for Materials Nanoarchitectonics (MANA), in joint research with the University of California at Los Angeles (UCLA), succeeded in developing an on-demand-type device which possesses a diverse range of functions, including ...



and more »


RDU-Tampa, more LA flights for Delta

Triangle Business Journal (blog)


The return flight leaves Los Angeles at 10:30 p.m. and arrives at 6:10 a.m.. Delta (NYSE: DAL) now flies nonstop between RDU and LAX three and four times a week, depending on the season. In January, for example, nonstop flights leave RDU on Mondays, ...


Delta to add RDU flights to LA, Orlando, Tampa

WRAL.com



 »

Tuesday, January 8, 2013

Albany police emphasize stats, community in reducing crime - Albany Times Union

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Albany police emphasize stats, community in reducing crime

Albany Times Union


ALBANY รข€" In May 2012, police used an unusual tactic to quell the gunfire after three shootings occurred in 12 days within three blocks on the west side of Arbor Hill: They parked the department's mobile command center, a hulking RV equipped with ...



Sunday, January 6, 2013

Former Sugar Daddy

ogarawo.wordpress.com
Brian C. Roehrich, 40, of Phoenix was sentencede by U.S. District Judge Frederick J. Martons to 24 months in prison. Roehrich pleaded guilty to four countsd of federal incometax evasion. Prosecutorsa contend that Roehrich failedc topay $525,000 in income taxes for 2003. who entered a guilty plea late last was the president and ownerof Joe’w Apartment, Inc., a corporation doing businesx as Sugar Daddy’s; the presiden and sole owner of Dos Gringos, Inc.; and the presidengt and co-owner of The Trailer Park Restaurant Inc.
, a corporatiob also known as Trailer Park and Dos While Roehrich was sentenced in connection with the 2003 eventa as a result of a plea federal authorities contended that a seriez of separate books for the entities was established that collected cover charges from each of the clubs and was not reportec to the IRS for 2002, 2003, 2004 and 2005. As part of the Dec. 2, 2008. plea Roehrich admitted that the total amounrt of taxes he evader in the periodof 2002-2005 was approximately $1,945,000, federal officials said. The maximum penalty on federal tax evasion charges is five years in federapprison and/or a fine of $250,000 per said Sandy Raynor, spokeswoman for the U.S.
Attorney’ss Office in Arizona. Typically such sentences are served she said. Booker T. Evans, an attorne with , represented Roehrich. “Whilre we would have preferred a lesser I understand how the court reached the sentencd thatit did,” Evans said. Becausw of the nature of the case, Roehrich was not indicted nor was he required to post bond and will be taken into custoduon Sept. 9, officials said. a separate civil case is ongoing that will determins the amount of taxeas which Roehrich must pay to settldethe issue. Roehrich is no longer affiliated withSugar Daddy’s.
Owneer Mark Briggs, a Phoenix attorney, owned the business as early as 2007, according to documentas filed withthe , but close d the restaurant and bar in May of this

Saturday, January 5, 2013

Mikulski seeks $20M for Maryland BRAC transportation needs - Baltimore Business Journal:

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The money, $5 million would pay for transportation upgrades by FortGeorge G. Meade in Anne Arunde County, Aberdeen Proving Groundx in Harford County, the National Naval Medical Center inMontgomery County, and Andrewds Air Force Base in Prince George’zs County. Between them, the sitea are slated to absorbsome 25,000 militarh jobs under the federal Base Realignment and Closure But the economy has put a severe damper on the state’es ability to fund the $1.3 billionh in planned road improvements around those “My promises made to BRAC-impacted communities are promises kept,” D-Md., said in a statement.
Mikulsk is seeking the funds from the federak 2010Senate Transportation, Urban Development and Related Agencie s Appropriations bill. “It’s my job to put moneyg in the federal checkbook where ther is afederal responsibility, but not enough funding. BRAC brings greatt opportunities, but it also brings greart challenges.” The bill must be passecd by the House and Senate and signe d into law by President Barack Obama beforr the money would be made availableto

Friday, January 4, 2013

Haskell swaps equity with Atlanta engineering firm - Jacksonville Business Journal:

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The deal between Haskell and PTS Engineeringh involves an equity swap between the two companie but is not an acquisitiohnor merger. “It is a joint equity deal,” said Haskelp spokesman Darryl Wernimont. “We have taken a staker in their company and they have takeb a stakein ours.” PTS, which has 17 engineerxs among its 20 employees, focuses on engineering equipment for companies in the beveragd industry, particularly bottling. Haskell does similar work and would like todo “We build plants for , ,” said Wernimont.
“Nine years ago we simply built the Then nine years ago we begahn addingstaff in-house to build their processes, how they make theird product.” Haskell, which has about 1,100 employees and had revenu e last year of more than $718 million, will now be in a better position to handle large projectsa that involve designing and building the equipmenty that goes into projects like bottling “We’ve increased our engineering capability greatlu without hiring 17 engineers,” said Phil Ackley, director of procesws services.

Wednesday, January 2, 2013

Good old days: Rural telephone network was built using barbed wire fences - Geek

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Geek


Good old days: Rural telephone network was built using barbed wire fences

Geek


When you were younger, you might have tried to build one of those tin can telephones so you can talk to your friend that lived across the yard. Back in the 1900s, a sm »

Tuesday, January 1, 2013

New state law regulates warranties on consumer electronics - KOAA.com Colorado Springs and Pueblo News

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New state law regulates warranties on consumer electronics

KOAA.com Colorado Springs and Pueblo News


A new law supposed to protect consumers may actually end up doing just the opposite. Begin in January, all retailers selling portable electronics will be required to offer warranty protection plans to you. Some folks are skeptical the law will benefit ...