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Friday, August 31, 2012
Notre Dame radio analyst pulled for comments - Radio & Television Business Report
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Thursday, August 30, 2012
Wednesday, August 29, 2012
Developer Jury proposes $350M convention hotel in Kansas City - San Antonio Business Journal:
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Ron Jury, who completed the $46 milliob President Hotel project across Baltimore from the Power Light Buildingin 2005, said Friday that he is involved in a new development partnershipp that contracted early this year to buy the Power Light Building and adjoining vacant ground. The partnership, , also include of San Antonio, Jury said. It hopes to close “yet this on the site, which includes everything but the Crownr Plaza hotel in the block bounded by 13th and 14th Baltimore Avenue andWyandotte Street, he The site is owned by Details of Power Tower’s contract with Gailoyd were not disclosed, but Jury said the plan is not entirely dependent on private ownership and financing.
Accordingt to Jury’s plan, Power Tower would own the Powee & Light Building, a 31-story art-decop landmark completed in 1931. The city, which is studyintg options for addinga 1,000-room downtown conventionj hotel, would own a new 36-story tower to be builyt just west of the Powefr & Light Building, a five- or six-storgy building north of the Powerf & Light Building that would contain retail space, ballrooms and meeting and an 1,121-space parking garage under the new structures.
The twin 30-plus-storuy towers would include hotel rooms on all floors abovde and including their ninth for a total of The lower floors of the towers would includrea spa, fitness center, administrative offices, receptiob area, auditorium, retail, restaurants and meeting space. Several othere developers are expected to seekthe city’e selection of their proposeed downtown hotel sites. But if the Powert & Light site wins the competition anda public-private financingh plan is achieved, Jury said, his 1.35 million-square-foot projecf would be completed by 2013.
Locatedx next to the complex, the Power Light site is “the perfect location for a attractive andinteresting hotel,” Jury said. With construction pricese reduced because of the the time for planning the projecfis right, too, Jury said. “The original P& L Building was built in a recession and was the economic stimulus tolift K.C. Jury said in a written release. “Ir is time for the building to do it agaihn with a newconvention hotel.” He said the hotel wouldc create more than 800 construction jobs for thred years and more than 700 full-time jobs on a permanenft basis.
Gailoyd previously retained LLC asa for-feer developer for a projectt that envisioned a 15-story office building and an 18-story retail and residential tower next to the Powe & Light Building. That project received approvalfor $24.22 million worth of tax increment financing but nevedr got off the ground. Jury said the privately owned portion of his project would be eligiblw for state and federal historic tax credits to help financde the renovation of thePower & Lighr Building. has been selected as the general contractofr forthe project, and the desigh team includes Dallas-based , Pendulum Studio LLC of Kansaas City and , which is a tenant of the Powerr & Light Building.
Ron Jury, who completed the $46 milliob President Hotel project across Baltimore from the Power Light Buildingin 2005, said Friday that he is involved in a new development partnershipp that contracted early this year to buy the Power Light Building and adjoining vacant ground. The partnership, , also include of San Antonio, Jury said. It hopes to close “yet this on the site, which includes everything but the Crownr Plaza hotel in the block bounded by 13th and 14th Baltimore Avenue andWyandotte Street, he The site is owned by Details of Power Tower’s contract with Gailoyd were not disclosed, but Jury said the plan is not entirely dependent on private ownership and financing.
Accordingt to Jury’s plan, Power Tower would own the Powee & Light Building, a 31-story art-decop landmark completed in 1931. The city, which is studyintg options for addinga 1,000-room downtown conventionj hotel, would own a new 36-story tower to be builyt just west of the Powefr & Light Building, a five- or six-storgy building north of the Powerf & Light Building that would contain retail space, ballrooms and meeting and an 1,121-space parking garage under the new structures.
The twin 30-plus-storuy towers would include hotel rooms on all floors abovde and including their ninth for a total of The lower floors of the towers would includrea spa, fitness center, administrative offices, receptiob area, auditorium, retail, restaurants and meeting space. Several othere developers are expected to seekthe city’e selection of their proposeed downtown hotel sites. But if the Powert & Light site wins the competition anda public-private financingh plan is achieved, Jury said, his 1.35 million-square-foot projecf would be completed by 2013.
Locatedx next to the complex, the Power Light site is “the perfect location for a attractive andinteresting hotel,” Jury said. With construction pricese reduced because of the the time for planning the projecfis right, too, Jury said. “The original P& L Building was built in a recession and was the economic stimulus tolift K.C. Jury said in a written release. “Ir is time for the building to do it agaihn with a newconvention hotel.” He said the hotel wouldc create more than 800 construction jobs for thred years and more than 700 full-time jobs on a permanenft basis.
Gailoyd previously retained LLC asa for-feer developer for a projectt that envisioned a 15-story office building and an 18-story retail and residential tower next to the Powe & Light Building. That project received approvalfor $24.22 million worth of tax increment financing but nevedr got off the ground. Jury said the privately owned portion of his project would be eligiblw for state and federal historic tax credits to help financde the renovation of thePower & Lighr Building. has been selected as the general contractofr forthe project, and the desigh team includes Dallas-based , Pendulum Studio LLC of Kansaas City and , which is a tenant of the Powerr & Light Building.
Monday, August 27, 2012
NFL star Herschel Walker at Lejeune to help end stigma surrounding mental ... - WNCT
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NFL star Herschel Walker at Lejeune to help end stigma surrounding mental ... WNCT The lobby of Camp Lejeune's Naval Hospital was packed to hear Heisman Trophy winner and former NFL player, Herschel Walker speak about his battle with mental illness. In his speech Walker explained it started after being bullied as a child. "As a ... Footb » |
Sunday, August 26, 2012
BSG Alliance adds business heavyweight to board - Austin Business Journal:
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Cash serves as director for a numbefr oflarge corporations, including (NYSE: GE), (NASDAQ: (NYSE: WMT), (NYSE: CB), The Boston Celtics and the Nationa l Association of Basketball Coaches He retired in 2003 as the James E. Robisom Professor and Senior Associate Dean of the Harvard UniversitgyBusiness School, where he first joined the faculty in 1976. "Having Jim Cash join the BSG Alliance boarcd is a real defininv momentfor us," says chairman and CEO Steve "His global profile, significant fiduciary wisdom and vision will be great assets to us as we continus our accelerated growth.
" BSG Alliancwe provides a a range of services -- from consulting to softwarwe applications -- for companies. The companhy is growing rapidly and make a handful of acquisitiona since it began in the Also on the BSG Alliancd boardare Papermaster, Warren Weiss of Foundation Capital and Mitchell Kertzmajn of Hummer Winblad Venture Partners. "It is clear to me that corporations are challenged to develop new business and leadershipl processes to thrivein today's always on, global economy," Cash "I am thrilled to be part of a company that is innovating a compelling new on demand business platform to meet those challenges.
"
Cash serves as director for a numbefr oflarge corporations, including (NYSE: GE), (NASDAQ: (NYSE: WMT), (NYSE: CB), The Boston Celtics and the Nationa l Association of Basketball Coaches He retired in 2003 as the James E. Robisom Professor and Senior Associate Dean of the Harvard UniversitgyBusiness School, where he first joined the faculty in 1976. "Having Jim Cash join the BSG Alliance boarcd is a real defininv momentfor us," says chairman and CEO Steve "His global profile, significant fiduciary wisdom and vision will be great assets to us as we continus our accelerated growth.
" BSG Alliancwe provides a a range of services -- from consulting to softwarwe applications -- for companies. The companhy is growing rapidly and make a handful of acquisitiona since it began in the Also on the BSG Alliancd boardare Papermaster, Warren Weiss of Foundation Capital and Mitchell Kertzmajn of Hummer Winblad Venture Partners. "It is clear to me that corporations are challenged to develop new business and leadershipl processes to thrivein today's always on, global economy," Cash "I am thrilled to be part of a company that is innovating a compelling new on demand business platform to meet those challenges.
"
Friday, August 24, 2012
MMAC: Milwaukee-area economy still sluggish - Nashville Business Journal:
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Only three of 20 April indicators registeredr improvementfrom year-ago levels, matching the number of upward-pointing indicatorz recorded in March, the MMAC said in its Economifc Trends report. "The employmen t situation continued to deteriorate with deepening job declinesd and unemployment indicators over doubler what they were oneyear ago," said Bret economic research director for the "But metro area existing homes sales rose for only the secondx time in nearly three years giving some hope for near-termj improvement in a stagnant local housing and real estatw market." Nonfarm employment in the metro area fell 4.8 percentg in April to down from March’s 4.
3 percent Employment levels have now declined comparedx with year-ago levels in each of the past 12 with April’s decline being the steepest registered in this the MMAC said. Only two of 10 major industruy sectors registered April job gains compared with oneyear ago, whil e eight registered declines. Unemployment indicators for the metro area both measuref more than twicetheir year-earlief levels. The number of unemployed in metrp Milwaukeerose 117.6% against year-agoo levels, to 70,300 compared with 32,300 in Aprill 2008. Likewise, new unemployment compensation claims rose ata 104.
6 percent rate in April to 12,101, this indicator’s third consecutive year-over-year increasee of 100 percent or greater. On the positivs side, existing homes sales for the metrlo arearose 5.6 percent in the first year-over-year increase in this indicator in seven months and only the secone such gain in nearly three years.
Only three of 20 April indicators registeredr improvementfrom year-ago levels, matching the number of upward-pointing indicatorz recorded in March, the MMAC said in its Economifc Trends report. "The employmen t situation continued to deteriorate with deepening job declinesd and unemployment indicators over doubler what they were oneyear ago," said Bret economic research director for the "But metro area existing homes sales rose for only the secondx time in nearly three years giving some hope for near-termj improvement in a stagnant local housing and real estatw market." Nonfarm employment in the metro area fell 4.8 percentg in April to down from March’s 4.
3 percent Employment levels have now declined comparedx with year-ago levels in each of the past 12 with April’s decline being the steepest registered in this the MMAC said. Only two of 10 major industruy sectors registered April job gains compared with oneyear ago, whil e eight registered declines. Unemployment indicators for the metro area both measuref more than twicetheir year-earlief levels. The number of unemployed in metrp Milwaukeerose 117.6% against year-agoo levels, to 70,300 compared with 32,300 in Aprill 2008. Likewise, new unemployment compensation claims rose ata 104.
6 percent rate in April to 12,101, this indicator’s third consecutive year-over-year increasee of 100 percent or greater. On the positivs side, existing homes sales for the metrlo arearose 5.6 percent in the first year-over-year increase in this indicator in seven months and only the secone such gain in nearly three years.
Thursday, August 23, 2012
Budget sets dredging adrift - Jacksonville Business Journal:
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billion fiscal 2009 budget request forthe ' civil works program includes no money to completw the next phase of channel deepeninyg in Jacksonville harbor. In what has become a familiaf occurrence, the , local sponsord for channel deepening, will need to lobbgy Congress to add money toward thefederakl government's $15 million share of the $22 millioh project. Last year, Congress included $2.8 million after the administration'ws fiscal 2008 budget request for civil works left Jacksonville harbord off its list of construction projectsxto fund.
Shipping and logistics professionals have said thechannel -- 41 feet for much of the way and 38 feet for the rest -- must be deepene to at least 45 feet for the port of Jacksonviller to be competitive. That's being driven largelyt by thePanama Canal's expansion, to be completed in and containerized cargo ports in S.C., and Savannah, Ga., whose channels are 45 feet and 42 respectively. The current project is to increase the dept to 41 feet from milemarker 14.7 to Talleyrand Mariner Terminal, a roughly five-nautical mile stretcnh of the St. Johns River. Channel deepening as far as marker about three miles west ofDame Point, was completed in 2002.
"Wee see it as a continuation project," said Eric the authority's senior director for governmenty andexternal affairs, referring to a category of projects normall y given greater priority than new projects. "That's the case we'll be The administration's funding request for coastal navigation construction infiscal $188 million, is up 13.3 percent from its fiscalp 2008 request of $166 About $151 million for coastakl navigation construction is requested for deepenint projects deemed high priority: New York-News Jersey Harbor, Oakland (Calif.) Harbor and Columbia River (Wash.-Ore.
) Much depends on a project's benefit-to-cost ratio, or BCR, said Dave director of navigation policy and legislatiob for the . "Inclusion in the president's budgeyt request typically reflectsa high-BCR, well-justified project." The Jacksonville project's BCR was calculates at 1.7 in 2003, said Steven Ross, projec manager for the Corps of Engineers' Jacksonville Districft office. The BCR has risen to just under 2 sinces then as certain design costs have been By comparison, the Oakland deepening projec -- to 50 feet -- has the highestf BCR at 8.5. The administration's budget request includea $25.
1 million to continue construction onthat project, whicnh has received more than $90 milliomn in funding during the past two fisca l years. Only the New York-New Jersey harbor project, with a BCR of 2.7, has receivefd more funding in that time at morethan $180 This year's request seeksa another $90 million for the New York-New Jersey harbor. The Columbia River Channel Improvement Project to deepenbthe 103.5-mile channel betweenb Oregon and Washington state had the lowesy BCR, 1.5, of any coastal navigation construction project included in the budget request. One othe coastal navigation project made the list with a BCR lowed than theJacksonville harbor: the St. Lucid Inlet, BCR of 1.
7, for whicb the president's budget requests $4 million. This year, the authority plans to contributw its entire share for theJacksonvillse project, $7 million, rathere than a prorated share of abouf $900,000. The authority's money plus the federal government'es $2.8 million will enable the Corps of Engineers to deepe the stretch known as the Chasevilled Turn and possibly more this The authority hopes that the federao government will come through with the remainder of its share to complete the projecty infiscal 2009. "We will be seekingb the full funding for Green said. "I don't thinkk we can break [the project] up again.
" If the authorith can get the remainingfederal share, it will then continure pushing to increase the depth to 45 feet or The Corps of Engineers' Jacksonville which oversees projects in Florida, Puerto Rico and the Virgin is studying the feasibility for further deepening, Ross Although that study could take two to three years, authorithy Executive Director Rick Ferrin has said the cost to achievew 45 feet is estimated at $400 with the authority's share being $220 The authority is hopeful it can generate about $14 millioj a year from leasin land to a coal terminao operator and bond that revenuew to pay its share.
A major obstaclee is acquiring the land the authority envisions usingfor coal. The land belongs to , which doesn'r want to sell, so the authorit will go to trial in Aprio to determine what it must pay to take the land byeminenrt domain. With the Panamsa Canal expansion as the primaryeconomic Jacksonville's BCR could benefit from new including the early 2009 openinbg of a new container terminal bringing service to Asia and anothert larger terminal possibly coming in 2011.
"As thingsa change, the port could be in position for any opportunities thatmay exist," Ross "Having 'benefits' constructed versus those that may be built in the future helps the local sponsor." Green believesa the new terminals and Jacksonville's position in the growingh Southeast give its project a chance to move up on the Corpe of Engineers' list. "As Jacksonvillwe is growing at therate it's growing," he "they have to really pay attention to
billion fiscal 2009 budget request forthe ' civil works program includes no money to completw the next phase of channel deepeninyg in Jacksonville harbor. In what has become a familiaf occurrence, the , local sponsord for channel deepening, will need to lobbgy Congress to add money toward thefederakl government's $15 million share of the $22 millioh project. Last year, Congress included $2.8 million after the administration'ws fiscal 2008 budget request for civil works left Jacksonville harbord off its list of construction projectsxto fund.
Shipping and logistics professionals have said thechannel -- 41 feet for much of the way and 38 feet for the rest -- must be deepene to at least 45 feet for the port of Jacksonviller to be competitive. That's being driven largelyt by thePanama Canal's expansion, to be completed in and containerized cargo ports in S.C., and Savannah, Ga., whose channels are 45 feet and 42 respectively. The current project is to increase the dept to 41 feet from milemarker 14.7 to Talleyrand Mariner Terminal, a roughly five-nautical mile stretcnh of the St. Johns River. Channel deepening as far as marker about three miles west ofDame Point, was completed in 2002.
"Wee see it as a continuation project," said Eric the authority's senior director for governmenty andexternal affairs, referring to a category of projects normall y given greater priority than new projects. "That's the case we'll be The administration's funding request for coastal navigation construction infiscal $188 million, is up 13.3 percent from its fiscalp 2008 request of $166 About $151 million for coastakl navigation construction is requested for deepenint projects deemed high priority: New York-News Jersey Harbor, Oakland (Calif.) Harbor and Columbia River (Wash.-Ore.
) Much depends on a project's benefit-to-cost ratio, or BCR, said Dave director of navigation policy and legislatiob for the . "Inclusion in the president's budgeyt request typically reflectsa high-BCR, well-justified project." The Jacksonville project's BCR was calculates at 1.7 in 2003, said Steven Ross, projec manager for the Corps of Engineers' Jacksonville Districft office. The BCR has risen to just under 2 sinces then as certain design costs have been By comparison, the Oakland deepening projec -- to 50 feet -- has the highestf BCR at 8.5. The administration's budget request includea $25.
1 million to continue construction onthat project, whicnh has received more than $90 milliomn in funding during the past two fisca l years. Only the New York-New Jersey harbor project, with a BCR of 2.7, has receivefd more funding in that time at morethan $180 This year's request seeksa another $90 million for the New York-New Jersey harbor. The Columbia River Channel Improvement Project to deepenbthe 103.5-mile channel betweenb Oregon and Washington state had the lowesy BCR, 1.5, of any coastal navigation construction project included in the budget request. One othe coastal navigation project made the list with a BCR lowed than theJacksonville harbor: the St. Lucid Inlet, BCR of 1.
7, for whicb the president's budget requests $4 million. This year, the authority plans to contributw its entire share for theJacksonvillse project, $7 million, rathere than a prorated share of abouf $900,000. The authority's money plus the federal government'es $2.8 million will enable the Corps of Engineers to deepe the stretch known as the Chasevilled Turn and possibly more this The authority hopes that the federao government will come through with the remainder of its share to complete the projecty infiscal 2009. "We will be seekingb the full funding for Green said. "I don't thinkk we can break [the project] up again.
" If the authorith can get the remainingfederal share, it will then continure pushing to increase the depth to 45 feet or The Corps of Engineers' Jacksonville which oversees projects in Florida, Puerto Rico and the Virgin is studying the feasibility for further deepening, Ross Although that study could take two to three years, authorithy Executive Director Rick Ferrin has said the cost to achievew 45 feet is estimated at $400 with the authority's share being $220 The authority is hopeful it can generate about $14 millioj a year from leasin land to a coal terminao operator and bond that revenuew to pay its share.
A major obstaclee is acquiring the land the authority envisions usingfor coal. The land belongs to , which doesn'r want to sell, so the authorit will go to trial in Aprio to determine what it must pay to take the land byeminenrt domain. With the Panamsa Canal expansion as the primaryeconomic Jacksonville's BCR could benefit from new including the early 2009 openinbg of a new container terminal bringing service to Asia and anothert larger terminal possibly coming in 2011.
"As thingsa change, the port could be in position for any opportunities thatmay exist," Ross "Having 'benefits' constructed versus those that may be built in the future helps the local sponsor." Green believesa the new terminals and Jacksonville's position in the growingh Southeast give its project a chance to move up on the Corpe of Engineers' list. "As Jacksonvillwe is growing at therate it's growing," he "they have to really pay attention to
Wednesday, August 22, 2012
Lingle orders unpaid days off for workers - Phoenix Business Journal:
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In an address broadcast from theStates Capitol, Lingle also said she woule scale back free Medicaid benefits to low-income adults and said the state would delay paying some of its largee bills until July. The governor is also askinhg the Judiciary, the Legislature, and the Office of Hawaiiam Affairs to implement equivalent furlough days or restrict their Hawaii law does not allow ordering furloughs for the Departmentfof Education, the University of Hawaii or the Hawaiu Health Systems Corporation, but Lingle said theier spending will be restricted in an amount equivalentf to the three-days-per-month furlough. The which start July 1, amount to about a 13.
8 percent pay cut, or abour $5,500 for a worker making $40,000 a year. As with Lingle does not have to negotiate the furloughz with any of the unions representingstats workers. Lingle has said she doesn’t want to lay off workersx because of the disruptive effect of contract rules that would enables senior workersto “bump” junior workers, even if they workedx in different state agencies. The furloughz will save $688 million. Lingle said the savingsx are needed to close a gapof $730 milliojn between now and June 30, 2011, as forecast by the state’s Councipl on Revenues May 28. All Hawaii is expected to see tax revenus fallby $2.
7 billion over the next two “If we do not implement the furlougyh plan, we would have to lay off up to 10,000 employees to realize an equivalent amount of savings,” Linglee said. The state has about 46,00p0 workers, including 21,000 employees of the Department of Lingle blamed the fiscal shortfall on thelingerinf recession, rising unemployment, dropping visitor arrivals, a declinse in private building permits, a doubling of foreclosures, and recorc bankruptcy levels. The state Legislature ended its session last montu by raising tax rates onhotel rooms, high-incomee earners, luxury home transactions and tobacco to help meet the budgetr shortfall.
But Lingle, a Republica n whose vetoes of those measures were overridden bymajoritg Democrats, said she would not ask for additional tax increases. She also rejectecd calls for legalizing gambling. However, Lingle noted that 70 percent of statr operating funds go to labor costs and that the statwe had provided employee wage increase of betweebn 16 and 29 percent over the past fouryear “when our economy was
In an address broadcast from theStates Capitol, Lingle also said she woule scale back free Medicaid benefits to low-income adults and said the state would delay paying some of its largee bills until July. The governor is also askinhg the Judiciary, the Legislature, and the Office of Hawaiiam Affairs to implement equivalent furlough days or restrict their Hawaii law does not allow ordering furloughs for the Departmentfof Education, the University of Hawaii or the Hawaiu Health Systems Corporation, but Lingle said theier spending will be restricted in an amount equivalentf to the three-days-per-month furlough. The which start July 1, amount to about a 13.
8 percent pay cut, or abour $5,500 for a worker making $40,000 a year. As with Lingle does not have to negotiate the furloughz with any of the unions representingstats workers. Lingle has said she doesn’t want to lay off workersx because of the disruptive effect of contract rules that would enables senior workersto “bump” junior workers, even if they workedx in different state agencies. The furloughz will save $688 million. Lingle said the savingsx are needed to close a gapof $730 milliojn between now and June 30, 2011, as forecast by the state’s Councipl on Revenues May 28. All Hawaii is expected to see tax revenus fallby $2.
7 billion over the next two “If we do not implement the furlougyh plan, we would have to lay off up to 10,000 employees to realize an equivalent amount of savings,” Linglee said. The state has about 46,00p0 workers, including 21,000 employees of the Department of Lingle blamed the fiscal shortfall on thelingerinf recession, rising unemployment, dropping visitor arrivals, a declinse in private building permits, a doubling of foreclosures, and recorc bankruptcy levels. The state Legislature ended its session last montu by raising tax rates onhotel rooms, high-incomee earners, luxury home transactions and tobacco to help meet the budgetr shortfall.
But Lingle, a Republica n whose vetoes of those measures were overridden bymajoritg Democrats, said she would not ask for additional tax increases. She also rejectecd calls for legalizing gambling. However, Lingle noted that 70 percent of statr operating funds go to labor costs and that the statwe had provided employee wage increase of betweebn 16 and 29 percent over the past fouryear “when our economy was
Monday, August 20, 2012
Sundance Sunset Cinemas readies formal debut: Movie-themed fundraiser for ... - Chicago Tribune
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WeHo News | Sundance Sunset Cinemas readies formal debut: Movie-themed fundraiser for ... Chicago Tribune West Hollywood's new Sundance Sunset Cinemas is readying for its formal debut on Aug. 31, but a few days before members of the Redford clan will throw a housewarming party by hosting a movie-themed fundraiser for Heal the Bay. The Aug. 29 event will ... Video hard-hat tour of WeHo Sundance Sunset 5 |
Sunday, August 19, 2012
Pulte optimistic about Dallas home sales - Dallas Business Journal:
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On Wednesday, the released a reportr saying pending home sales have been risingg for fourconsecutive months. NAR’s chief economist Lawrencs Yun attributed the boosf to more affordable housing options driven by competition on behalf of sellers anda first-time home buyert tax credit now offered by the government. Those government incentives along with interest rates and competitioj in the marketplace are helpinvg to get buyersto bite, said Scott Sim, vice presidentf of sales for Pultee Homes, when commenting on an optimistic reporft released by the National Association of Realtorsx on Wednesday. Bloomfied Hills Mich.
-based Pultew (NYSE: PHM) announced earlier this year it willbuy Dallas-based CTX) and close on the sale this Both builders have a significant homebuilding presence in the Dallas-Fort Worth Sim said Wednesday he supports what NAR found in its latestt report in general terms. He added that earlier in the year, buyers were However, Sim said Dallas market buyers are reaching a new levelo of confidence due to the fact that despites fallinghome prices, property values in most Nort h Texas markets are down only slightly. The first-tims homebuyer program that NAR credits for pulling homebuyeras off the fence has specific deadlines that buyerdsmust meet, added Sim.
the purchaser has to buy the home by the end of Despite NAR’s optimistic pending home salew trend, NAR's Yun said, “Closed existing-homd sales have improved but are coming in lower than expectedd because some contracts are delayed or falling throug h from the application of new appraisal rulesx for many transactions,” he “Rises in contract activity show buyersx are becoming more active even as they face much more stringen loan underwriting standards. Speedy clarification of the appraisal rulez could smooth a housing market recovery and support theoverall economy.” Last both builders a combined 39,000 home closinge and combined revenue of $11.6 billion.
On Wednesday, the released a reportr saying pending home sales have been risingg for fourconsecutive months. NAR’s chief economist Lawrencs Yun attributed the boosf to more affordable housing options driven by competition on behalf of sellers anda first-time home buyert tax credit now offered by the government. Those government incentives along with interest rates and competitioj in the marketplace are helpinvg to get buyersto bite, said Scott Sim, vice presidentf of sales for Pultee Homes, when commenting on an optimistic reporft released by the National Association of Realtorsx on Wednesday. Bloomfied Hills Mich.
-based Pultew (NYSE: PHM) announced earlier this year it willbuy Dallas-based CTX) and close on the sale this Both builders have a significant homebuilding presence in the Dallas-Fort Worth Sim said Wednesday he supports what NAR found in its latestt report in general terms. He added that earlier in the year, buyers were However, Sim said Dallas market buyers are reaching a new levelo of confidence due to the fact that despites fallinghome prices, property values in most Nort h Texas markets are down only slightly. The first-tims homebuyer program that NAR credits for pulling homebuyeras off the fence has specific deadlines that buyerdsmust meet, added Sim.
the purchaser has to buy the home by the end of Despite NAR’s optimistic pending home salew trend, NAR's Yun said, “Closed existing-homd sales have improved but are coming in lower than expectedd because some contracts are delayed or falling throug h from the application of new appraisal rulesx for many transactions,” he “Rises in contract activity show buyersx are becoming more active even as they face much more stringen loan underwriting standards. Speedy clarification of the appraisal rulez could smooth a housing market recovery and support theoverall economy.” Last both builders a combined 39,000 home closinge and combined revenue of $11.6 billion.
Saturday, August 18, 2012
Jeanette Goodwin murder: Martin Bunch jailed for life - BBC News
cahijisebi.wordpress.com
BBC News | Jeanette Goodwin murder: Martin Bunch jailed for life BBC News A man who murdered his ex-partner four days after appearing in court charged with harassing her has been jailed for life with a minimum term of 27 years. Martin Bunch, 44, killed Jeanette Goodwin by stabbing her about 30 times in front of her husband ... Martin Bunch jai led for life for brutal murder of ex-lover Jealous man who stabbed to death mother-of-three in front of her husband after ... Man jailed for 27 years for murder of Southend mum |
Thursday, August 16, 2012
Target wins proxy fight with Ackman, Pershing Square - Houston Business Journal:
caloloary.blogspot.com
In a preliminary tally of voting, more than 70 percentt of the shares that were cast were voterd in favor ofthe company’s proposee slate of directors while also voting to keep the size of the boardd the same by the same votin margin. Target Corp. (NYSE: TGT) urged its shareholdersz to vote for a proposal to set the size of the boardd at 12 and to vote forthe company’s nomineexs — Mary Dillon, Richard Kovacevich, George Tamke and Solomon Trujillo. Dillonm is executive vice president and global chief marketingh officerof McDonald’s Corp.; Kovacevich is chairman of Wells Fargi & Co.
; Tamke is a partner at private investmentg firm Clayton Dubilier & Rice and Trujillo is CEO of Telstrq Corp. Hedge fund manager William Ackman is the founder and managing principalpof , New York City. Pershing Squaree owns 7.8 percent of Target’s commom shares, according to the Target proxy statement. Pershing Squared proposed alternativedirector nominees, but Target executives urges shareholders not to returh any proxy card sent by Pershing Square.
Ackman was tryin to gain a seat for himselfon Target’s boar along with four others: former Winthrop Realty Trust CEO Michaell Ashner, former Starbucks CEO Jim Donald, Junipe Financial co-founder Richard Vague and corporate finance and governancde expert Ronald Gilson. Ackman, callinbg his group The Nominees forShareholder Choice, urgedx Target shareholders to vote against the proposal to reduce the size of the Targeyt board. His group said a vote against the proposa would help ensure that at least one of the Nominees for Shareholderd Choiceis elected. The shareholders meeting was held at a new Targett Store being completed at 1250 West Sunsey Drivein Waukesha.
Targeft executives said the site allowed the companyy to showcase its latest generalp merchandisestore design. The store is scheduled to open in Target executives said they have met sincr 2007 with Ackman to discuss hisideas and, said they were disappointedr that Pershing Square has decided to pursue what Target managemenyt called a costly and disruptivs proxy contest. The company, in followed Ackman’s earlier suggestion to sell Target’d credit card receivables. The company completed a transaction in May with JPMorgan in which Target sold slightl y less than half its receivablez for cash proceeds ofabour $3.6 billion dollars.
Ackman in May 2008 presented the first in a series of proposals involvingrestructurinb Target’s real estate around the themee of a REIT. Target’s board concludefd that the REITproposal “wax not in the best interest of our shareholders” becausd it wouldn’t create much value, Target executivees said. On May 20, Targeg reported net earnings of $522 or 69 cents per share, for the firsrt quarter ended May 2, compared with $602 million , or 74 a year earlier. Retail sales increased 0.4 percengt to $14.4 billion from $14.3 billion in 2008, due to new store expansioh that partially offset bya 3.7 percenrt decline in comparable-store sales. Target Corp.
operates a credif card segmentand 1,698 Targetg stores in 49 states.
In a preliminary tally of voting, more than 70 percentt of the shares that were cast were voterd in favor ofthe company’s proposee slate of directors while also voting to keep the size of the boardd the same by the same votin margin. Target Corp. (NYSE: TGT) urged its shareholdersz to vote for a proposal to set the size of the boardd at 12 and to vote forthe company’s nomineexs — Mary Dillon, Richard Kovacevich, George Tamke and Solomon Trujillo. Dillonm is executive vice president and global chief marketingh officerof McDonald’s Corp.; Kovacevich is chairman of Wells Fargi & Co.
; Tamke is a partner at private investmentg firm Clayton Dubilier & Rice and Trujillo is CEO of Telstrq Corp. Hedge fund manager William Ackman is the founder and managing principalpof , New York City. Pershing Squaree owns 7.8 percent of Target’s commom shares, according to the Target proxy statement. Pershing Squared proposed alternativedirector nominees, but Target executives urges shareholders not to returh any proxy card sent by Pershing Square.
Ackman was tryin to gain a seat for himselfon Target’s boar along with four others: former Winthrop Realty Trust CEO Michaell Ashner, former Starbucks CEO Jim Donald, Junipe Financial co-founder Richard Vague and corporate finance and governancde expert Ronald Gilson. Ackman, callinbg his group The Nominees forShareholder Choice, urgedx Target shareholders to vote against the proposal to reduce the size of the Targeyt board. His group said a vote against the proposa would help ensure that at least one of the Nominees for Shareholderd Choiceis elected. The shareholders meeting was held at a new Targett Store being completed at 1250 West Sunsey Drivein Waukesha.
Targeft executives said the site allowed the companyy to showcase its latest generalp merchandisestore design. The store is scheduled to open in Target executives said they have met sincr 2007 with Ackman to discuss hisideas and, said they were disappointedr that Pershing Square has decided to pursue what Target managemenyt called a costly and disruptivs proxy contest. The company, in followed Ackman’s earlier suggestion to sell Target’d credit card receivables. The company completed a transaction in May with JPMorgan in which Target sold slightl y less than half its receivablez for cash proceeds ofabour $3.6 billion dollars.
Ackman in May 2008 presented the first in a series of proposals involvingrestructurinb Target’s real estate around the themee of a REIT. Target’s board concludefd that the REITproposal “wax not in the best interest of our shareholders” becausd it wouldn’t create much value, Target executivees said. On May 20, Targeg reported net earnings of $522 or 69 cents per share, for the firsrt quarter ended May 2, compared with $602 million , or 74 a year earlier. Retail sales increased 0.4 percengt to $14.4 billion from $14.3 billion in 2008, due to new store expansioh that partially offset bya 3.7 percenrt decline in comparable-store sales. Target Corp.
operates a credif card segmentand 1,698 Targetg stores in 49 states.
Wednesday, August 15, 2012
Coal seam gas emissions estimate may be too low: report - Herald Sun
ekaterinaiuvo.blogspot.com
Coal seam gas emissions estimate may be too low: report Herald Sun AUSTRALIA could have drastically underestimated the CO2 emissions from the coal seam gas industry and could be missing out on more than $1.5 billion in carbon tax from the industry, according to a new paper. The Australia Institute report said fugitive ... |
Monday, August 13, 2012
WSJ: Fed e-mails critical of BofA, Lewis - Jacksonville Business Journal:
ofycagvezi.blogspot.com
According to The Wall Streef Journal , which cites documents from congressional investigators, Bernankse dismissed the threat to stop the deal asa “bargainingy chip.” In addition, Fed attorneys callesd the bank’s arguments “not and a top examiner said own position “seems somewhat According to the Journal , the e-mailds confirm Bernanke was willing to threatebn Lewis’ removal as CEO if he reneger on the Merrill deal and later sought They also suggest Fed officials had a dim view of the bank’z management, with the Fed’s top lawyed saying Lewis “can be the newspaper says.
The e-mailxs and other documents were subpoenaed from the Fed as part of a congressionall investigation ledby Rep. Edolphus Townw (D-N.Y.) into BofA’s acquisition of Merrillp and the government’s decisionm to give the Charlotte-base bank (NYSE:BAC) billions of dollars in taxpayefr aid. Lewis is schedulex to appear Thursday before the House Committee on Oversight andGovernment “These were extremely difficult times in whic all parties were working nights and weekends in an effortr to prevent a severe financial BofA spokesman James Mahoney told the Journa , “and we believe it involved good peopl working with good intentions.” BofA bought Merrillp on Jan.
1 for $29.1 billion. The deal resulteds in BofA’s receiving an additional $20 billiohn in federal funds under the Troubled AssetReliecf Program. BofA has receivec a total of $45 billion in TARP Lewis has been undet intense pressure from BofA shareholders for not disclosin g the depthof Merrill’s financial difficulties before the In February, Lewis testifiede under oath before New York Attorney Generakl Andrew Cuomo that Bernanke and then-Treasury Secretargy Henry Paulson pressured the bank not to discuss its increasinglgy troubled plan to buy Merrill. Lewis said he believed Paulson and Bernanke were instructing him to keep silentabout Merrill’sw financial problems.
Merrill lost $15.3 billiojn in the fourth quarter. His testimony was part of an investigation launched by Cuomo intothe $3.6 billion in bonusesa Merrill paid out in December.
According to The Wall Streef Journal , which cites documents from congressional investigators, Bernankse dismissed the threat to stop the deal asa “bargainingy chip.” In addition, Fed attorneys callesd the bank’s arguments “not and a top examiner said own position “seems somewhat According to the Journal , the e-mailds confirm Bernanke was willing to threatebn Lewis’ removal as CEO if he reneger on the Merrill deal and later sought They also suggest Fed officials had a dim view of the bank’z management, with the Fed’s top lawyed saying Lewis “can be the newspaper says.
The e-mailxs and other documents were subpoenaed from the Fed as part of a congressionall investigation ledby Rep. Edolphus Townw (D-N.Y.) into BofA’s acquisition of Merrillp and the government’s decisionm to give the Charlotte-base bank (NYSE:BAC) billions of dollars in taxpayefr aid. Lewis is schedulex to appear Thursday before the House Committee on Oversight andGovernment “These were extremely difficult times in whic all parties were working nights and weekends in an effortr to prevent a severe financial BofA spokesman James Mahoney told the Journa , “and we believe it involved good peopl working with good intentions.” BofA bought Merrillp on Jan.
1 for $29.1 billion. The deal resulteds in BofA’s receiving an additional $20 billiohn in federal funds under the Troubled AssetReliecf Program. BofA has receivec a total of $45 billion in TARP Lewis has been undet intense pressure from BofA shareholders for not disclosin g the depthof Merrill’s financial difficulties before the In February, Lewis testifiede under oath before New York Attorney Generakl Andrew Cuomo that Bernanke and then-Treasury Secretargy Henry Paulson pressured the bank not to discuss its increasinglgy troubled plan to buy Merrill. Lewis said he believed Paulson and Bernanke were instructing him to keep silentabout Merrill’sw financial problems.
Merrill lost $15.3 billiojn in the fourth quarter. His testimony was part of an investigation launched by Cuomo intothe $3.6 billion in bonusesa Merrill paid out in December.
Sunday, August 12, 2012
Liberty National Life faces license revocation - South Florida Business Journal:
tenamup.wordpress.com
Kevin McCarty’s order follows a five-month onsiter investigation last yearat Liberty’ National’ws Birmingham, Ala., office, during which more than 7,000 life insurancde applications were reviewed. Investigators foun d 1,149 violations, of which 1,053 were for discriminatory according to a news release from the Floridaw Department ofInsurance Regulation. Liberty National has abouty 182,000 policies in Florida. “Discrimination of any kind by an insurancee company will not be tolerated by this Deputy Commissioner Mary Beth Senkewiczx said in anews release.
“We will do everythingf within our power to ensurew that Florida consumers are protected from suchunconscionablee practices.” The company is alleged to have refused to issu life insurance policies based on national origin, potential lawful travel and citizenship. A significant number of consumera affected by the practices were of Haitian originjor descent, according to the news release. Liberty Nationa l has more than 170 offices throughoutthe U.S. and more than 6,50 0 sales representatives, according to its Web Efforts to reach comment from Liberty National were notimmediatelyu successful. However, in a SEC filing, the company'sa parent, .
, said it believes the state'sw actions were not warrantecd and the company will vigorously respone tothe allegations. "The Florida regulator's claime relate to past underwritin practices of the companyh with regard to applicationes submitted by persons who livedx inthis country, but who were not United Statesa citizens. This legal status resultse in risk analysis, processing and proof differencew which Liberty National believes an insurer lawfullyy may takeinto account, the company wrote.
"The company believes that the Florida Office of Insurancs Regulation has misinterpreted the facts in significant believes that its past and currenty practices were consistent with Florida law at the and is optimistic that a satisfactor y resolution of this matter can be achieve d through appropriate administrative Liberty National has 21 days to responc tothe state.
Kevin McCarty’s order follows a five-month onsiter investigation last yearat Liberty’ National’ws Birmingham, Ala., office, during which more than 7,000 life insurancde applications were reviewed. Investigators foun d 1,149 violations, of which 1,053 were for discriminatory according to a news release from the Floridaw Department ofInsurance Regulation. Liberty National has abouty 182,000 policies in Florida. “Discrimination of any kind by an insurancee company will not be tolerated by this Deputy Commissioner Mary Beth Senkewiczx said in anews release.
“We will do everythingf within our power to ensurew that Florida consumers are protected from suchunconscionablee practices.” The company is alleged to have refused to issu life insurance policies based on national origin, potential lawful travel and citizenship. A significant number of consumera affected by the practices were of Haitian originjor descent, according to the news release. Liberty Nationa l has more than 170 offices throughoutthe U.S. and more than 6,50 0 sales representatives, according to its Web Efforts to reach comment from Liberty National were notimmediatelyu successful. However, in a SEC filing, the company'sa parent, .
, said it believes the state'sw actions were not warrantecd and the company will vigorously respone tothe allegations. "The Florida regulator's claime relate to past underwritin practices of the companyh with regard to applicationes submitted by persons who livedx inthis country, but who were not United Statesa citizens. This legal status resultse in risk analysis, processing and proof differencew which Liberty National believes an insurer lawfullyy may takeinto account, the company wrote.
"The company believes that the Florida Office of Insurancs Regulation has misinterpreted the facts in significant believes that its past and currenty practices were consistent with Florida law at the and is optimistic that a satisfactor y resolution of this matter can be achieve d through appropriate administrative Liberty National has 21 days to responc tothe state.
Saturday, August 11, 2012
Four ownership groups show interest in Coyotes, sale could keep NHL team in Glendale - Denver Business Journal:
pemp66seb.blogspot.com
NHL court filings with the U.S Bankruptch Court handling the Coyotes Chapter 11 bankruptcy protection include a list of possible owners that woule keep the teamin Arizona. They include: Howarr Sokolowski and David Cynamon, ownerd of the Canadian Football League's Torontok Argonauts; Chicago White Sox owner Jerry Coyotes minority ownerJohn Breslow; and an unnameed Phoenix-area business executive as possible Research in Motion CEO Jim Balsillie alreadgy has a $213 million offere on the table for the Coyotes and would move the team to Hamilton, The Coyotes have lost $316 milliob since moving to the Phoenix market from Canada, in 1996.
Balsillie's offer is expected to be substantiall y greater than any offer to keep the team in RIM makes Blackberry smartphonees and Balsillie is a billionaires who has made offers for othefNHL teams. The NHL also got more legalk back up Fridayfrom , the and Nationa l Basketball Assocation. The professional sports leaguesx argue in court filings that they should have controlk overfranchises sales, moves and relocations in order to maintaim the economic viability of their operations. The NHL opposes Balsillie'z effort to move the Phoenix franchise backto Canada.
Coyotese owner Jerry Moyes also said in June 5 courr filings thata $100 milion cash infusion he has put into the team shoul d be treated as a debt the hockey team's reorganizatiomn should reimburse him for. Moyex wants to sell the Coyotes to Balsilli who contends hockey is not financially viablein Moyes' court filings also downplayed a $750 million lease penaltgy the city of Glendale could file for if the Coyote break their 30-year leasr at Jobing.com Arena. Moyes and Balsillis want the bankruptcy court to discharge the lease as part ofthe team'sx Chapter 11.
NHL court filings with the U.S Bankruptch Court handling the Coyotes Chapter 11 bankruptcy protection include a list of possible owners that woule keep the teamin Arizona. They include: Howarr Sokolowski and David Cynamon, ownerd of the Canadian Football League's Torontok Argonauts; Chicago White Sox owner Jerry Coyotes minority ownerJohn Breslow; and an unnameed Phoenix-area business executive as possible Research in Motion CEO Jim Balsillie alreadgy has a $213 million offere on the table for the Coyotes and would move the team to Hamilton, The Coyotes have lost $316 milliob since moving to the Phoenix market from Canada, in 1996.
Balsillie's offer is expected to be substantiall y greater than any offer to keep the team in RIM makes Blackberry smartphonees and Balsillie is a billionaires who has made offers for othefNHL teams. The NHL also got more legalk back up Fridayfrom , the and Nationa l Basketball Assocation. The professional sports leaguesx argue in court filings that they should have controlk overfranchises sales, moves and relocations in order to maintaim the economic viability of their operations. The NHL opposes Balsillie'z effort to move the Phoenix franchise backto Canada.
Coyotese owner Jerry Moyes also said in June 5 courr filings thata $100 milion cash infusion he has put into the team shoul d be treated as a debt the hockey team's reorganizatiomn should reimburse him for. Moyex wants to sell the Coyotes to Balsilli who contends hockey is not financially viablein Moyes' court filings also downplayed a $750 million lease penaltgy the city of Glendale could file for if the Coyote break their 30-year leasr at Jobing.com Arena. Moyes and Balsillis want the bankruptcy court to discharge the lease as part ofthe team'sx Chapter 11.
Thursday, August 9, 2012
CHFA chief Alexander to retire in the fall - Washington Business Journal:
azajir.wordpress.com
Alexander started with CHFA in 1988 as head of itsfinancer division, and became executivde director in January 2001. “I’m not heading off to a retiremeng community,” Alexander said in a “Several years ago, I determined I needexd to slow down and reduce the stress level in my But I still plan tobe CHFA’s board has been preparing for Alexander’e departure, and already has set up a searcgh committee to find his replacement. CHFA Chairman Joel Rosenstein said, in his own statement, that Alexandedr will be missed. “He has been in instrumental in CHFA’s Rosenstein said.
“We appreciate the strength of the team and organization he is Created by the Coloradp Legislaturein 1973, CHFA makes loans to low- and moderate-income homebuyers, developere of affordable multifamily housing as well as small- and medium-sizew businesses. Milroy “Roy” Alexander grew up on the Caribbean islandc nationof Grenada, according to a Leadership Denver biography. Aftee moving to Denver, Alexander earned an accountinv degree fromin 1974, subsequentl y becoming finance manager for a Colorado medical instruments maker and a senior managedr at the Denver branch of the Touche Ross Co. accounting firm. Touche Ross now is Deloittse Touche Tohmatsu, based in New York.
He was accepter into the ’s Leadership Denvef class for 1985. After leaving Touche Ross, Alexander startes a specialty food store in Westminster But a few years in 1988, he became CHFA’d assistant director of finance. He was promoted to financee directorin 1990. Alexander’s CHFA position and his retail businesw overlappeduntil 1994, when he sold the food Alexander succeeded David Herlinger as CHFA’sd executive director in January 2001. Herlingef retired the same year.
Alexander started with CHFA in 1988 as head of itsfinancer division, and became executivde director in January 2001. “I’m not heading off to a retiremeng community,” Alexander said in a “Several years ago, I determined I needexd to slow down and reduce the stress level in my But I still plan tobe CHFA’s board has been preparing for Alexander’e departure, and already has set up a searcgh committee to find his replacement. CHFA Chairman Joel Rosenstein said, in his own statement, that Alexandedr will be missed. “He has been in instrumental in CHFA’s Rosenstein said.
“We appreciate the strength of the team and organization he is Created by the Coloradp Legislaturein 1973, CHFA makes loans to low- and moderate-income homebuyers, developere of affordable multifamily housing as well as small- and medium-sizew businesses. Milroy “Roy” Alexander grew up on the Caribbean islandc nationof Grenada, according to a Leadership Denver biography. Aftee moving to Denver, Alexander earned an accountinv degree fromin 1974, subsequentl y becoming finance manager for a Colorado medical instruments maker and a senior managedr at the Denver branch of the Touche Ross Co. accounting firm. Touche Ross now is Deloittse Touche Tohmatsu, based in New York.
He was accepter into the ’s Leadership Denvef class for 1985. After leaving Touche Ross, Alexander startes a specialty food store in Westminster But a few years in 1988, he became CHFA’d assistant director of finance. He was promoted to financee directorin 1990. Alexander’s CHFA position and his retail businesw overlappeduntil 1994, when he sold the food Alexander succeeded David Herlinger as CHFA’sd executive director in January 2001. Herlingef retired the same year.
Wednesday, August 8, 2012
Tuesday's Sports in Brief - Yahoo! Sports
cahijisebi.wordpress.com
Tuesday's Sports in Brief Yahoo! Sports Tuesday's Sports in Brief. By The Associated Press | The Associated Press â€" 6 hours ago. OLYMPICS. LONDON (AP) -- Aly Raisman became the first U.S. woman to win Olympic gold on floor, and she picked up a bronze on balance beam on the final day of ... |
Monday, August 6, 2012
Privacy study shows Google
dyakonostrlin.blogspot.com
Using trackers called “web bugs,” thirf parties collect user data from many popular web and sites often allow even though their privacy policies saythey don’yt share user data with others. “Webv bugs from Google and its subsidiaries were found on 92 of the top 100 Web sitesx and 88 percent of theapproximatelyy 400,000 unique domains examined in the study,” the authors Sites with the most web bugs were for bloggingy — blogspot and typepad were No. 1 and No. 2 on the list in and blogger was No. 4. Google itselfr was No. 3. Ashkan Soltani, Travis Pinnickm and Joshua Gomez ofthe university’s information school wrote the study, published Monday.
They analyzesd privacy policies posted on web sites and founf loopholes used by many site operators to allo w third parties to still collect data on who views Theyalso found, for example, that althougyh web sites may reassure visitors that “we don’f share data with third those third parties don’t include a company’es affiliates — Google (NASDAQ: GOOG), for has 137 subsidiary “The law on affiliate sharing generallty is more permissive” than that on sharinv user data with third party the report said.
Companies controlling the top 50 busiestr web sites had an averagwe of 297affiliates each, meaning they could sharew user data with a lot of other Popular site , for example, is owned by New York’sw (NASDAQ: NWS), which has more than 1,500 subsidiaries. BAC) in Charlotte has more than 2,300p subsidiaries. “Users do not know and cannot learn the full range of affiliates with whichn websites mayshare information,” the report said.
Thougnh many Internet users are familiardwith “cookies” used to studg their surfing habits, they are less familiar with so-called “wev bugs,” which can’t be cleared out of a web browser, sincd they are part of a web site’s HTML Since the web bugs are created directlh by third parties, theirr use doesn’t strictly count as of data by the web site’ s owner, though users concerned about privacy may be unimpresse d by this technicality. “We believe that this practice contravenes expectations; it makes little sense to disclaim formallinformation sharing, but allow functionally equivalent tracking with third parties,” the report said.
Who'as in charge of privacy? Although surveys of Interney users show peopleare “very concerned about privacy and do not want websitesd to collect and share their personal informatiob without permission,” sifting through privacy policies is not It would take 200 hours a year for a typica l person to read the privacy policies of all the web sitews they visit, for example. Thus “users have no practical way of knowingg with whom their data will be On the policy the reportfinds “no one knows who is in chargse of protecting privacy” in the United People can complain to the Federal Trade Commissioj and other agencies, but even the FTC’s “principles for behavioral trackinv make no mention of any enforcement or A low number of complaintsz to various agencies means consumers don’t really know where to complain, the report The FTC looks at online privacy more in termes of “harms” done to consumers, the reporg said, rather than also in terms of control over personak information, which is what most user care about.
The report makes severa suggestionsfor improvement, including more aggressive action by the FTC to protect online privacy. It also callw for clearer privacy policies on web written so that average users canunderstand ’s (NASDAQ: ADBE) privac policy, for example, when analyzed for was written at an equivalent grade level of 17.29. The average privacy policy in the studh was written at a grade levelof 13.83. The full stud y can be found .
Using trackers called “web bugs,” thirf parties collect user data from many popular web and sites often allow even though their privacy policies saythey don’yt share user data with others. “Webv bugs from Google and its subsidiaries were found on 92 of the top 100 Web sitesx and 88 percent of theapproximatelyy 400,000 unique domains examined in the study,” the authors Sites with the most web bugs were for bloggingy — blogspot and typepad were No. 1 and No. 2 on the list in and blogger was No. 4. Google itselfr was No. 3. Ashkan Soltani, Travis Pinnickm and Joshua Gomez ofthe university’s information school wrote the study, published Monday.
They analyzesd privacy policies posted on web sites and founf loopholes used by many site operators to allo w third parties to still collect data on who views Theyalso found, for example, that althougyh web sites may reassure visitors that “we don’f share data with third those third parties don’t include a company’es affiliates — Google (NASDAQ: GOOG), for has 137 subsidiary “The law on affiliate sharing generallty is more permissive” than that on sharinv user data with third party the report said.
Companies controlling the top 50 busiestr web sites had an averagwe of 297affiliates each, meaning they could sharew user data with a lot of other Popular site , for example, is owned by New York’sw (NASDAQ: NWS), which has more than 1,500 subsidiaries. BAC) in Charlotte has more than 2,300p subsidiaries. “Users do not know and cannot learn the full range of affiliates with whichn websites mayshare information,” the report said.
Thougnh many Internet users are familiardwith “cookies” used to studg their surfing habits, they are less familiar with so-called “wev bugs,” which can’t be cleared out of a web browser, sincd they are part of a web site’s HTML Since the web bugs are created directlh by third parties, theirr use doesn’t strictly count as of data by the web site’ s owner, though users concerned about privacy may be unimpresse d by this technicality. “We believe that this practice contravenes expectations; it makes little sense to disclaim formallinformation sharing, but allow functionally equivalent tracking with third parties,” the report said.
Who'as in charge of privacy? Although surveys of Interney users show peopleare “very concerned about privacy and do not want websitesd to collect and share their personal informatiob without permission,” sifting through privacy policies is not It would take 200 hours a year for a typica l person to read the privacy policies of all the web sitews they visit, for example. Thus “users have no practical way of knowingg with whom their data will be On the policy the reportfinds “no one knows who is in chargse of protecting privacy” in the United People can complain to the Federal Trade Commissioj and other agencies, but even the FTC’s “principles for behavioral trackinv make no mention of any enforcement or A low number of complaintsz to various agencies means consumers don’t really know where to complain, the report The FTC looks at online privacy more in termes of “harms” done to consumers, the reporg said, rather than also in terms of control over personak information, which is what most user care about.
The report makes severa suggestionsfor improvement, including more aggressive action by the FTC to protect online privacy. It also callw for clearer privacy policies on web written so that average users canunderstand ’s (NASDAQ: ADBE) privac policy, for example, when analyzed for was written at an equivalent grade level of 17.29. The average privacy policy in the studh was written at a grade levelof 13.83. The full stud y can be found .
Sunday, August 5, 2012
Saturday, August 4, 2012
Canning History: When Propaganda Encouraged Patriotic Preserves - NPR (blog)
ernstiryastrov.blogspot.com
Canning History: When Propaganda Encouraged Patriotic Preserves NPR (blog) Hide caption. During World War II, the government used posters to encourage Americans to grow and preserve their own foods as a way to aid the war effort. Produced by the Office of War Information in 1943. Previous Next. Northwestern University ... |
Thursday, August 2, 2012
Philadelphia Business Journal: Penn vet students bemoan budget cuts
uqudenlid.blogspot.com
Penn Veterinary Medicine, one of 28 veterinary schoolxs in the United States and the only veterinargy schoolin Pennsylvania, gets abouy 35 percent of its funding from the state. Gov. Ed Rendell
Penn Veterinary Medicine, one of 28 veterinary schoolxs in the United States and the only veterinargy schoolin Pennsylvania, gets abouy 35 percent of its funding from the state. Gov. Ed Rendell
Wednesday, August 1, 2012
Prominent analyst drops Colonial from roster - Birmingham Business Journal:
zvonkovaleoqim.blogspot.com
The Montgomery-based company’s (NYSE:CNB) share prices have fallen off a clif during thenationwide recession, which causedx its market cap – the total dollar value of the company’sz outstanding shares – to Its stock is now considered “pennyy stock” since it’s trading well under $5. It was tradin at 63 cents Wednesday afternoon. “Given our operating we consider it unlikely that CNB will recapturw the decline in market capitalizatiob that has been experienced over the last12 months,” Patteb said in a note to his clients.
The which has struggled with a backlog of nonperforming loansw in the slumpingFlorida market, has fallemn below Morgan Keegan’s $2.7 billion markeft cap threshold, Patten said. Colonial’s shares will likely tradee on speculation because its current dealwith Florida-basedx mortgage company is up in the air. The deal is also hinger on whether the bank can receiv bailout funds fromthe government, Patten said. “We remai n negatively biased onCNB shares, as the ultimate outcome from the potential deal with Tayloe Bean and Whitaker remainsa highly uncertain.
While closing this transaction wouldf be an important first step for the bank to stayindependentr (though this comes at the cost of massive dilutio for existing shareholders), there are further challenges that managementy faces, such as approval for capital under the TARP program and workinf through credit issues,” he said in the In March, Colonial signed a deal to receive $300 milliomn in capital in exchange for a hefty portiojn of outstanding shares, which will equal a 75 percent controllingb interest in the bank once the deal is
The Montgomery-based company’s (NYSE:CNB) share prices have fallen off a clif during thenationwide recession, which causedx its market cap – the total dollar value of the company’sz outstanding shares – to Its stock is now considered “pennyy stock” since it’s trading well under $5. It was tradin at 63 cents Wednesday afternoon. “Given our operating we consider it unlikely that CNB will recapturw the decline in market capitalizatiob that has been experienced over the last12 months,” Patteb said in a note to his clients.
The which has struggled with a backlog of nonperforming loansw in the slumpingFlorida market, has fallemn below Morgan Keegan’s $2.7 billion markeft cap threshold, Patten said. Colonial’s shares will likely tradee on speculation because its current dealwith Florida-basedx mortgage company is up in the air. The deal is also hinger on whether the bank can receiv bailout funds fromthe government, Patten said. “We remai n negatively biased onCNB shares, as the ultimate outcome from the potential deal with Tayloe Bean and Whitaker remainsa highly uncertain.
While closing this transaction wouldf be an important first step for the bank to stayindependentr (though this comes at the cost of massive dilutio for existing shareholders), there are further challenges that managementy faces, such as approval for capital under the TARP program and workinf through credit issues,” he said in the In March, Colonial signed a deal to receive $300 milliomn in capital in exchange for a hefty portiojn of outstanding shares, which will equal a 75 percent controllingb interest in the bank once the deal is
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