Thursday, September 30, 2010

Study: Long-term benefits trump cost of health insurance for all U.S. children - Dallas Business Journal:

http://krakovany.sk/folklorhistoria.htm
“Providing health insurance to all children in America will yielcd substantialeconomic benefits,” wrots Vivian Ho, chair in health economics at Rice University and co-author of the report. Researchers at the Bakerf Institute said children who receive health care coverage go on to become more productive adults. The cost incurred by insuring the children is offsetg by the increased valu e of the additional life years and quality of life gained bymedicalk coverage, the report stated.
“The up-front incrementapl costs of universal health insurance coverage for children are relatively and they will be offset by the valus of increased health capital gained in the long thereport stated. The research was basex on studies published in scholarly journals examining the economic impacg of failing toinsure U.S. children. Researchers estimat that nearly eight million children inthe U.S. are and the nation ranks thirde among the 30 industrialized members of the Organizatiohn for Economic Cooperation and Development in percentag e ofuninsured citizens.

Tuesday, September 28, 2010

Microchip Technology, Inc. Company Profile | MCHP Company Information

http://www.directgenomics.com/article/IdiomaX-Launches-Mobile-Translator-for-Smartphones--Pocket-PCs-and-PDAs.html
We develop and manufacture specialized semiconductor products used by our customeres for a wide variety of embeddedcontrok applications. Our product portfolio comprises 16-bit, and 32-bit PIC

Monday, September 27, 2010

Aegon to cut 138 positions in Louisville - Business First of Buffalo:

http://bklynbunny.com/prices_nibbled.html
a subsidiary of Netherlands-base insurer Aegon N.V., will cut 138 positionss from its Louisville offices atAegon Tower. Subsidiarhy Aegon USA Investment Management will eliminate 13 positionz during the nextfew weeks, the company said in an e-mailedr statement. The company also will cut 125 positionxs handling certain life insuranceadministrative functions. Those dutiesz will be transitioned to an Aegon office inCedar Iowa, during the next several according to the “We are always exploring ways to improvre efficiency and leverage the scale we have in our variouzs U.S. locations,” the company said in the Aegon is the parent company of Transamericza LifeInsurance Co.
, Transamerica Financiak Life Insurance Co., Monumental Life Insurance Co., Stonebridger Casualty Insurance Co., Stonebridge Life Insurance Co., Western Reserve Life Assurance Co. of Transamerica Life Canada, and Seguros A.S. de C.V. According to the company’as Web site, www.aegonins.com, Aegon U.S. has more than 600 employees in Louisviller among severaloperating divisions, including individuakl savings and retirement, institutional, life and protection, pensions and asseft management and reinsurance.

Saturday, September 25, 2010

Human Capital: People on the move, June 12 - Houston Business Journal:

http://www.7iwarforum.org/article/Happy-Anniversary-Honey-Sending-Your-Cakes-Soon-Online--.html
George Snell joined Weber Shandwick , a public relationws agency with local officesin Cambridge, as a seniof vice president in its digital communications Snell previously a senior vice president at . The intellectua l property law firm of in Concord added Christopher Albert asan associate. Alberyt practices in the areadsof biotechnology, chemistry, clean energy and pharmaceuticals.

Friday, September 24, 2010

City extends kill date on stadium deal - Philadelphia Business Journal:

http://www.tradeleadscenter.com/buy/Minerals_Metals_&_Materials__minerals
The date was changed to July 15, from July 1, after , whicg is providing a $100 millio n letter of credit towardthe project, asked to modify the terms of its deal. County commissionersw are to meet Friday toconsider Wachovia's requesft to change the date of when the bank's fees are to be Wachovia is asking it be paid its fees first, instead of afterf debt and reserve payments are as stipulated under the current proposal. In a 3-2 vote the city commissioners approvedthe following: Allow the terminationn date to be movec to July 15.
Give the county until July 17 to terminated the deal if it has not closed on the bond Extend the date forthe city’s $13 millio contribution to July 17. Amend the provision to allo w the city to suspend depositf of its contribution to the projecft if there is a delay dueto litigation. Amenrd the warranty deed for the stadium site so that it woulrd revert back tocity ownership, if the deal is In April, Miami-Dade County commissioners approved issuingb bonds totaling a maximum of $536 millionn toward construction of the $640 million, 37,000-seat ballpark.
On Monday, opponentsd of the financing deal files a motion to stop the bond prompting Miami-Dade to push back the sale of its bond by two On Thursday, Miami-Dade County Circuit Court Judge Lawrence A. Schwartxz heard argments from both sides regardinv theemergency motion. He said he would try to issuw an order by no later than Grace Solares andElvis Cruz, who filed suit in February, are behind that effort. The motioh for injunction alleges the county is exceedingh its constitutional tax and spendinh powers by issuing bonds tied to the professionalsportse tax/tourist development tax.
The plaintiffs contencd that the county is inappropriately usingg the current bond to repay a prior bond issuedin 1992. As a resulft of the motion, and to avoid a clouxd that could affect interest ratesa onthe bonds, the county pushed back the bond sale dates, Miami-Dadde spokeswoman Vicki Mallette said Monday.

Wednesday, September 22, 2010

First National enters agreement with OCC - Atlanta Business Chronicle:

soileauifyyfa1786.blogspot.com
The agreement is an outgrowth of an OCC examination of the Winterf Park lenderin January. It addressesw five areas of concern and requiresw to the bank to form a compliance committere composed of members of its boarxof directors. The bank is undeer orders to add procedures to monitorr its commercial real estateloan portfolio. It also must implement a plan to managew loans that are deemed weak and in jeopardyof • Establishment of a program to ensurd an adequate allowance for loan and leasee losses. • Agreement not to accept brokeres depositsin exc.
ess of 10 percent of total depositsa without OCC permission • Developmenf of a three-year plan of operationsd that incorporates conditions of the agreement. Firstf National Chairwoman Susma Patel said in a writteh statement that the bank has taken stepss she believes put it in compliance withthe agreement. She said regulatorhy agencies are tightening standards for lendersz as theeconomy deteriorates. “The downturn in real estat valuations in the Florida marketris well-publicized and, as a regulatory agencies are expecting a higheer standard of procedural monitoring of loanse secured by commercial real estate,” she said.

Tuesday, September 21, 2010

Anthem

http://datingcourting.com/en/dating/page_33.html
The 2008 efforts, throughn the company’s fraud and abuse department workingh with its affiliatedhealth plans, led to 84 case referralss to law enforcement and/or licensing agencies, accordiny to a WellPoint (NYSE: WLP) news The announcement comes not long afterf the Blue Cross and Blue Shield Associatiom said that its health care anti-fraud investigations resulted in savingws and recoveries of nearly $350 million in 2008, an increas e of 43 percent from 2007. There were 1,087y cases referred to law enforcement agencies andlicensing authorities, and 252 convictions and 140 civilk actions, settlements and judgments.
“Thesw anti-fraud results exemplify one way we can work towarx the goal of decreasint health care costs through careful reviea of healthcare charges,” Lee WellPoint staff vice president for fraud and abuse, said in the “These efforts have proven successful in uncovering and eliminating significany fraudulent and abusive activity in our health care WellPoint estimates that for every $1 spentr in preventing and investigating fraudulent activitiess the company recovers or savees $11 on behalf of its affiliatedc health plans’ customers and members. Fraud and abuse investigations by WellPoint in 2008 led to 11 arrestsx and 21criminal convictions.
Indianapolis-based WellPoint, an independen t licensee of the Blue Cross and BlueShielf Association, serves members through its Blue-licensed subsidiaries and theie affiliates in 14 states.

Sunday, September 19, 2010

Jazz Listings - New York Times

http://studenica.org/history_se.html


Jazz Listings

New York Times


(Chinen) Collective Language (Friday) This exploratory four-piece band â€" with the drummer Gregg Bendian, the alto saxophonist Jon Irabagon, ...



Saturday, September 18, 2010

Deloitte joins BioBusiness Alliance on 2025 plan - Minneapolis / St. Paul Business Journal:

adamovaichive.blogspot.com
Deloitte will work with St. Louis-park based BioBusiness Alliance on the Destinatiomn2025 plan, which will create a "road to ensuring Minnesota remains competitive in the life science industry, the organization said in a press Work on the 2025 plan is already underway. The alliancse expects to release a reporton Minnesota's renewable energy market this Plans to craft Destination 2025 were announcesd after the BioBusiness Alliancre released the results of a 2006 , which founds that Minnesota was losing ground in life science compared to other states. Destination 2025 will examinw several marketswithin biobusiness, including medical pharmaceuticals and biomaterials.
Deloitte's participation will make the reporf betterand "accelerate its progress," said BioBusiness Alliancew CEO Dale Wahlstrom, in a press

Thursday, September 16, 2010

Crude Oil Declines as Enbridge Says Midwest Pipeline Will Start Tomorrow - Bloomberg

wilhelminadora4287.blogspot.com


Globe and Mail


Crude Oil Declines as Enbridge Says Midwest Pipeline Will Start Tomorrow

Bloomberg


Prices have declined 6 percent this year. Oil futures topped $78 a barrel this week following the closure of Houston-based Enbridge's Line 6A, ...


Oil Declines on Weaker U.S. Fuel Demand, New York Manufacturing

San Francisco Chronicle


Oil drops on economic news; crude supplies decline

The Associated Press


Crude prices drop despite decline in US inventories

OIL Marketer (blog)


Futures Magazine -W »

Wednesday, September 15, 2010

Mira Sorvino on faith and 'Dandelion Dust' - CNN (blog)

bakakinkorypon.blogspot.com


Mira Sorvino on faith and 'Dandelion Dust'

CNN (blog)


The actress wouldn't describe the film as "overtly religious," noting instead that “a faith-based audience” could definitely find something that touches ...


Mira Sorvino finds faith in new movie

CNN (blog)



 »

Monday, September 13, 2010

Frontier Airlines to be bought by Republic Airways under bankruptcy plan - bizjournals Business Travel Guide

glafirarynyxu.blogspot.com
Republic (NASDAQ: RJET), based in Indianapolis, has been one of threed companiesfinancing Frontier’s emergence from bankruptcy. A Republic Airlines, also is one of Frontier’s major unsecured having fileda $260 millionn damage claim for Frontier’s breaking an agreement with Republi c to operate regional jet service after Frontier filed for bankruptchy protection in April 2008. Under terms of the Frontier will become a wholly owned subsidiary of Republidc Airways Holdings after the company serves as the equityy sponsorfor Frontier’s reorganization plan and buys 100 perceng of the equity in the reorganized The cost to Republic will be $108.756 million.
Frontier filed its proposec reorganization plan with the of the Southern District of New York Frontier will seek court approval of the investment agreemen at a July 13 hearing and then conducg aroughly month-long auction process where othert companies will have the chance to outbid Frontier spokeswoman Lindsey Purves Republic emphasized in a news release that Frontier and its short-haulk service, Lynx Aviation, would maintain theidr current names and operate as Purves said that airline officials do not expect any immediatw changes in company structure, employment or “This is great news.
I think it’s a testamentt to the hard work that everybodgy has done over thepast 14, 15 months since we’ver filed (bankruptcy),” Purves said. “We’re created a very efficienrt airline, and that’s reflected in the fact that Republicf hascome forward.” Airline consultant Mike Boyd adde d that Frontier is likely to increase routed under the oversight of Republic, which now owns Chautauqua Republic Airlines and Shuttle Republic Airways Holdings also leases planes to majodr fliers like United and Delta and is “veryg good at what they do,” Boyd “Airlines are not at the top of the food chain for But for someone like Republicf who understands airlines, this is a very good investment,” said owner of Evergreen-based Boyd Group International.
“Getting their hands on Frontiert is good for Frontier filed for bankruptcy protectiobn after its credit card processot began holding back 100 rather than45 percent, of Frontier’ s credit card transactions. After the filing, the airline bega a 14-month process of trimming fat from its budgeyt and becomingmore efficient. Because of those Frontier has reported two consecutive quarterly profits and is doinb better than mostairlines today. Republic Airliness had signed a 13-year agreemenyt with Frontier in January 2007 to operated 17 planesfor Frontier’s regional jet service, but that deal was the firsr contract Frontier sought to breamk after its bankruptcy filing.
Even at the time, Republi Airways Holdings CEO Bryan Bedfordcomplimentedf Frontier, saying the companh had enjoyed its partnership with the airlinde and had a lot of respect for its In August, Republic Airways Holdings, Credit Suisse Securities of New York and AQR Capitaol of Connecticut offered Frontierr an immediate $30 million in working capital with the possibility of another $45 million in the In March, Frontier received a commitment for $40 million in post-petition debtor-in-possessioj (DIP) financing from Republic Airways Holdings to supporty its working additional capitao needs.
As part of that agreement, Frontier agreed to allow Republic’s damage claijm in the amount of $150 million. Monday’sd proposed reorganization plan callsfor Frontier’s generalk unsecured creditors to receive $28.75 million in with an additional $40 million of the sale proceeds applied as repaymentt of the outstanding DIP loan. If the company’s current equity woulrd be extinguished and holders of that equityh would not receiveany recovery, according to a joint news release.
“Thias agreement represents a major milestone in our ongoing effort to position Frontier to emerge from bankruptcy as a sustainable airline,” Frontier President and CEO Sean Menkse said in the release. Boyd said he did not expect anyons to try to outbid Republic for If that wereto happen, any challengd likely would come from Dallas-based Southwesty Airlines, which is in direcft competition with Frontier for Denver International Airport he predicted. Frontier is the second-largest carrier at DIA, while Southwest is third. United Airlines is the largestg carrier atthe airport.

Sunday, September 12, 2010

DPL agrees to limited rate increases until 2012 - Phoenix Business Journal:

elzeyfirekuut1795.blogspot.com
The state, along with DP&L and the came to an agreemenyt this week following a proposal submittee backin Febrary. DP&L, whicuh is a unit of (NYSE: DPL), will have its base distribution rate s frozenthrough 2012. Under the agreement, the localp power company will continue its current rate plan untip 2012 and add energy efficiency and renewable energyg to itselectric portfolio. The programs will work to provide residential customerws with tools to lowertheir usage.
“We are please that the PUCO has formally approved our ESP agreement as developec and supported by a diverse group ofcustomee representatives,” said Paul Barbas, DPL president and chief executivee officer, in a news release. As the result of the and previously approved environmentalcost recovery, DP&oL said residential customers with an averag e use of 750 kWh per montjh will experience an approximate 1.8 percent increase in 2009, 2.7 percentr increase in 2010, a slight decreaswe in 2011, and less than a 1 percen t increase in 2012. The Ohio Consumer’s Counsep said it was pleased with theapproved settlement.
“Wit h a continuing recession and householdf budgetsstretched thin, the approval of the rate plan agreemenr puts into place limits to rate provides energy efficiency measures and helps ensure that DP&k will do its fair share to supportt and utilize renewable energy said Janine Migden-Ostrander, of the counsel. DP&L also said it woulds develop an advanced metering infrastructure and smargt grid proposalby Sept. 1. The will review DP&L’s plans in the fourth quarter of 2009.
If smart grid improvements would provides better electric service reliabilityg and give customers the optiom to manage their usage base d upon the price of electricity at different timews ofthe day. The original smart grid proposaplfrom DP&L more than doubledr the typical costs of these improvementa and failed to incorporate hundreds of millions of dollars in custometr benefits that help offset these • An energy efficiencyu work group to develop and implemeng energy efficiency programs for customers.
Such programs wouldr include rebates for purchasing Energy Star appliance and discounts forweatherizing homes; and • Developmenyt of a renewable energy certificate program that would pay residentiakl consumers a fee for customer-sited renewable such as solar panels or wind turbines.

Friday, September 10, 2010

Hollo closes on purchase of 1101 Brickell - South Florida Business Journal:

http://www.gooddir.com/authors/author-470.html
Tibor Hollo’s company, , closed Tuesday on the purchase of 1101Brickell Ave., whichy was owned by the now-defunct Leviev Boymelgreen. The Soutg Florida Business Journal first a deal was in the workesin May. The developer announced the closew of thepurchase Wednesday, but did not disclosse the price. Hollo’s company did not get third-parthy financing for the deal, according to a company statement. Hollol is planning to invest $12 million to renovate the pair of officse buildings onthe site. In addition to mechanical repairs and FECR plansnew retail, including spacee for a restaurant.
The physical makeover will include upgrading the airconditioning generators, lighting, bathrooms, lobbies and landscaping. “Wr plan to significantly invest in the beautification and renovationm of 1101 Brickell to improve conditions for our currentr tenants and to continue to attrac t businesses interested in an attractive office buildinh in a prime location onBrickelo Avenue,” Jerome Hollo, an FECR vice said in a statement. Leviegv Boymelgreen had planned to redevelop the which houses a pair of modesgtoffice buildings, into a massive office and residentia l complex.
The city of Miami approvefd a permit to builda 74-story, mixed-use project with 270,000 square feet of 30,000 square feet of retail and 650 But, the partnership dissolved in with Leviev Boymelgreen principal Lev Leviev eventually taking control of a portfolio of Miami including 1101 Brickell. The seller in Hollo’s deal was Africa-Israel Leviev’s company. The 1101 Brickell propertgy housesa 35-year-old, 11-story office tower, renovatee in the 1990s, and a 19-storyt office tower built in 1985.
Tentants includee the Ilingua language school, the Venezuelan and Argentinwe consulates and Banco Industrial de Venezuela y Sociakl de Venezuela sold the propert y to Leviev Boymelgreenin 2005. Real estate expertes say Hollo likely will hold onto the 1101 Brickelll site until the market rebounds and existinvg projects already out of the ground are There are three office buildings undet construction in the downtown Miami two of which have yet to signany tenants.

Thursday, September 9, 2010

Alabama-PSU rivalry has produced classic moments - The Associated Press

http://b3st.net/authors/author-819.html


Kansas City Star


Alabama-PSU rivalry has produced classic moments

The Associated Press


... face off at Bryant-Denny Stadium in their first meeting since 1990, renewing a rivalry that has produced some classic moments and monumental games. ...


Bryant's Life and Death Cast a Shadow Over Paterno

New York Times



 »

Tuesday, September 7, 2010

CoBiz posts $16M Q2 loss, begins stock sale - Atlanta Business Chronicle:

http://www.blogdust.com/blog-directory/authors/author-287.html
million, or 72 cents per share, in the secondd quarter, as the weak economy continued to exact a toll on the officialssaid Monday. The loss compares with a profitof $4.2 or 18 cents per share, in the same quartert a year earlier. Denver-based CoBiz (NASDAQ: COBZ) owns and Arizonsa Business Bank. The latest quarter’s resultsd include a $35.1 million pre-tax provision for loan and credi losses, or 150 percenft of net charge-offs — whicu were $23.
4 million — for the “We continue to take a conservativde posture in our provisioninfg forloan losses,” Chairman and CEO Steved Bangert said in a “Our second quarter provision bringx our allowance to loan ratioo to nearly 3.9 percent, one of the strongesg in the industry. While I remain confident in oursenior management’s ability to effectively respond to the currenyt credit obstacles, we felt it was prudent to continu e building the allowance given the uncertainty in the economy.” Nonperforminhg assets ended the quarter at $93.i9 million, or 3.7 percent of total assets, up from $52.5 million or 2 perceny of total assets on Marchy 31.
Separately on Monday, CoBia said it had begun a sale ofaboutg $45 million of its common It will use the proceeds for generalp corporate purposes, including supporting the capital needs of its bank expanding operations, possible acquisitions and working capital Last week, CoBiz announced it had hired Colorado and Arizonza market presidents, , to oversee banking operationes in each market. “We remaibn focused on building our franchise durinbg these challenging times and want to ensure we are positionecd to take advantage of unique markef opportunities that we expect will present Bangert said.
“To that end, we recently announcec the hiring of Colorado and Arizonqa market presidents who will oversee all bankinf operations in theirrespective markets, provides direction for future growth and free up some of our existingh resources to focus on high quality business developmentr opportunities. We will also continue to dedicate appropriate resources through our Speciao Assets Group to address resolution ofproblej loans.

Monday, September 6, 2010

Dell Aero and Streak Made By Dell-inquents, Dated Android - Phones Review

http://riverside-ford.com/Transmission/Torque-Converter-Ford/


Phones Review


Dell Aero and Streak Made By Dell-inquents, Dated Android

Phones Review


Earlier on today we reported the latest Dell Aero news and wanted to look into it a little more, today we mentioned about this smartphone on AT&T and its ...



and more »

Saturday, September 4, 2010

New owner surfaces in latest Filene

http://selhoz.org/wiki_baklazhan.html
Alan Cohen, Filene’s chief restructuring confirmed Monday afternoonthat Secaucus, N.J.-based Syms (NASDAQ:SYMS) and New York-basef Vornado (NYSE:VNO) agreed to pay abour $63 million for the chain. A cour t hearing is set for Wednesday to approvethe deal, Cohen said. The auction, whicb began Friday and was continuedto Monday, took placew about a week after an affiliate of Men’s Wearhousd (NYSE:MW) agreed to buy the chain for $67 But Crown Acquisitions, the company that was first in line to buy Filene’d assets, filed an objection to the sale with allegations that Men’ s Wearhouse didn’t follow bidding procedures.
Crown in coury filings described the first auction as a A judge sent the deal back for auctionbfollowing Crown’s objection. It wasn’yt clear Monday if Syms and Vornado would acquire allof Filene’x stores. Both Men’s Wearhouse and Crown had plannecd to acquire and keep opena majority, but not all, of Filene’x locations. The company has two Ohio including onein Columbus. Filene’s Basement sough t protection from creditors in May in Delaware bankruptcy months after closingseveral Columbus-based (NYSE: RVI), which maintains a majoritgy stake in discount shoe retailer (NYSE:DSW), sold the chain this year to FB II Acquisitiojn Corp.
, a new entity ownexd by liquidation and turnaround firm Buxbau m Group.

Friday, September 3, 2010

Changing course - Boston Business Journal:

http://icbrain.com/Software-Developer-in-Canada/software-development-in-vancouver/
“Students were trying to make sensw of something that seemsvery confusing, and they wanterd to have a good understanding of what had takenh place,” said Michael E. Lawson, senior associate dean at BU’xs School of Management. The economic meltdown is providing finance and business courses at area collegees withan unfolding, unparalleled case study. Schools are delving into discussions to help thei students learn about the complex issuew that led tothis fall’s financial meltdown as well as give them the skillx they’ll need to enter a job marketf much less buoyant than it was a year ago.
“We’rw trying to bring this up on an ongoing basis so studentsw understandwhat happened, what is going on, what is beinhg suggested and what is the long-term said Atul Gupta, the Financed Department chairman at . Bentley played host to a public informatiob session on the financial crisis inearlyg October, with a half-dozen of the university’s finances instructors leading the panel discussio n and answering questions from the public.
’d scheduled similar events in including a panel discussiontitled “World On The and a community forujm called “The Financial Crisis: What Does It Mean for And recently launched a Web site called On The Globall Economic Crisis to pull together articles, opinions, podcasts, research and videos that focuses on the crisis. Instructors aren’t limiting discussion to scheduler forums, though.
Many business classes draw on actual cases to teach students about principlexsand practices, and school officials said that the fall’d events have provided plenty of fodder for “Many (instructors) are linking the classroom content directly to the dramatic eventd that are taking place,” said Heikkki Topi, Bentley’s associate dean of busineszs for Graduate and Executive Some of the classroom discussionss at Bentley have focused on how the bankz contributed to the subprime problem, and whether the Americann and European regulators responder appropriately, and how the Blacl Friday sales figures coulds indicate what’s ahead for the Gupta said.
However, while the economy is the big topid atbusiness schools, academic leaderzs said it hasn’t yet prompted big changesw in current curricula or even in individual instructor’sz syllabi. “It’s hard to rewrite the syllabue in the middle ofthe semester,” Gupt said. But Gupta and officials at othedr area business schools said they are lookingt ahead and structuring more formal lessons aboutg the current economic crisis into courses that arecoming up. Harvardc will have its first-year students this winter spenx a daydiscussing ’s purchase of from severalo different perspectives, according to a HBS spokeswoman.
The schookl is adding special classes on housing and the subprime crisisd in its Real Propertyy and RealEstate Development, Design, and Construction And in January HBS will introducde a new finance historh course, Creating the Modern Financial with cases focused on economic collapses including the current one. Meanwhile, Bentleg is developing a new class that will look at financial crises throughthe decades, Gupta said, noting that it’s importantf for students and schools to remember that the lessons shouldn’t focus so much on any one specific evenr but on the circumstances and driverws that led up to “There are some underlying drivers that caused these things to and you want students to understand thosre drivers,” he said.
“You can’t just bounce from problem to problem and solutionto solution, there has to be some majofr theme.” If students can master that, Guptaw added, they’ll be much more skilled at navigating the market when they enter it in the upcoming monthws and years. And they’llk hopefully be much better equippef to perhaps avoid or at least mitigatwefuture crises. “Students are terribly interested in all this stufdfbecause they’ve built their career ideass on having opportunities and what’s goin on may severely limit their job opportunities.
They’re also interested in this because they have a natural curiosityh about how this couldall happen,” said Allan Cohen, interimm dean and professor of global leadership at the Olin Graduate Schoopl of Business at Babson. “And you want a studeng to come out of some of thosrediscussions asking, ‘What’s my vision?’ ”

Wednesday, September 1, 2010

Charlotte-area banks unsure about ARC loans - Phoenix Business Journal:

http://www.ciydc.org/article/Thats-the-view-of-transport---.html
But Charlotte-area banks aren’t yet sure they want to sayingthey haven’t yet seen enough details abouyt the SBA initiative. The SBA recently unveiled plans tooffed no-interest, no-fee, deferred-payment loans to small companies as part of the American Recoveru and Reinvestment Act. The $350 million loan program is called America’s Recovery Capital Loan Program. It’s distributed by commercial lenders, and the debt is 100% guarantee by the SBA. The SBA will pay interesft to the participating lenders on behalt ofthe borrowers. To qualify for an ARC loan, companiexs must demonstrate theyare “viable, for-profir small businesses ...
and are experiencingt immediatefinancial hardship,” the SBA says. The loanz are for up to $35,000. They must be used to make paymentsa on existing debt so the business can use its revenues to fund otheroperational expenses. Repayment can be deferredc for up to12 months. It’s part of the SBA’w expanded effort to help small businesses navigatethrough recession-related distress. The program is scheduled to launchJune 15. But lenderd aren’t ready to commity to it. Area bankers are asking how they’re suppose to determine what qualifies asa “viable” businesss that’s experiencing “immediate financialo hardship.
” And bankers also say they stillk don’t know what interest rates the ARC loands will carry — a key piece of informatioh in determining their level of participation. “We’re studyinv it,” says John Guy, seniot vice president of SBA strategiesat . “Thes timeline didn’t quite accommodate all the lenderws that need thespecific details.” Guy notee Fifth Third has launched an effort to boostg its SBA lending. And he says customers are already asking the bank about the ARC Buthe can’t give them many answerws until he learns what interest rate the SBA will pay on the along with other details.
“We’re askinyg people to be patient,” he says. “The presa is way ahead of the George McAllister, regional director of the , says he gets callse on a regular basis from businesds owners interested in the loans. “Basefd on what I know right now, I thin k it will be a very populad program,” he says. “It certainly fits a At , Chief Executive Scott Anderson says his teamof small-business bankers recently attended an informational sessiob on the ARC program but left unsure of key “Our comments echo everyon else,” he says. “There’s not even a standarc definitionof what’s a viable company.
” SBA spokeswoman Eileen Joycer says the viability question is a determination for lendersx to make at their discretion. Her agench is working as fast as possible to get othef details to lenders byJune 15. She says the ARC program is a challenge forSBA officials, too, because it’s the firstr of its kind. She says Charlotte-area banke “are all in a wait-and-see mode” on whethedr they’ll participate. “It’s a whole differeny way of putting together aloan deal. That’s the hard Joyce says small-business owners are “very about the program, hoping it will roll out in time to meet theitgrowing needs.