International Business Times | Wilson, others urge labor board to withdraw complaints against Boeing in SC WACH COLUMBIA (WACH) -- State leaders are responding to a complaint filed against Boeing's decision to move to South Carolina. Attorney General Alan Wilson and eight other attorneys general say the complaint isn't based on any factual ... Attorneys general from 9 states urge NLRB to drop Boeing complaint |
Friday, April 29, 2011
Wilson, others urge labor board to withdraw complaints against Boeing in SC - WACH
yzirapogyg.wordpress.com
Wednesday, April 27, 2011
Poizner asks California insurers to divest billions in Iran holdings - Los Angeles Business from bizjournals:
otomaqaqaba.blogspot.com
“State law prohibits California insurance companies from investinv in countries designated as state sponsorwof terrorism,” Poizner said in a June 29 “I have directed California insurers to divest of Iranian government holdings and ordered a survey of theser insurance companies to ensurre compliance with the law. Additionally, I am requiring all insuranc e companies that do business in Californi a todisclose what, if any, indirecrt investments they have in Iran. The move came as Iran’ds government faces continuing internal and external scrutiny of its presidentiakl election twoweeks ago.
Poizner said he’s specifically asking Golden State-bases insurers to report any investments they have with companies that didbusinesss “with the defense, nuclear, natural gas or banking sectors of the Iranian economy as of Marcnh 31.” To protect California consumers, the California Departmeng of Insurance will also closely evaluate any indirec investments by California-based insurers in Iran to “makee sure that they are safe and the department said. The Departmenf of Insurance said Monday that a preliminary analysis shows that Californiaz insurance companies have tens of billionse of dollars invested in companies with substantiakl businessin Iran.
The DOI called insurance companiees “the largest investor groupl in theglobal economy,” with an estimatexd $3 trillion to $4 trillion in worldwidew investments. According to DOI officials, California’s insurancs code specifically prohibits any investmenr in aforeign jurisdiction, or any investment in that foreign jurisdiction’ws currency, if that jurisdiction is designatef by the U.S. government as a state sponsodrof terrorism. This section of the code took effectt Jan. 1, according to DOI. The insurancwe code also authorizes the commissioner to evaluate the of investments by Californiainsurance companies.
Shouldd the Commissioner hold a hearing and find the investments to be he canorder divestment. The department said the survey’zs goal is to determine each California insurer’s levell of indirect investment in specific sectors of the Iranian economy as well as directg investments in the Iranian Each insurer licensed to do businesw in California will be required to list any investmenf in a company thatconductas $20 million or more of business in the Iranian petroleuj or natural gas sectors, or investmentd of any amount in companiezs doing business in Iran’s banking, or defense sectors, including activities relating to the productionm of chemical, biological or nuclear weapons and technologies.
Those reports will be due in approximatelyt90 days, the DOI said. This California regulatorty action willjoin “an existinb array of global and local economic and trade sanctions alreadyg in place against Iran,” the DOI statementg said, including measures by Congress, the European Unionb and the states of Missouri, Texas and California has taken similar measures in the past by directiny the state’s two enormous public pension fundzs to divest Iranian investments.
“We need to strictlty enforce every sanction that is currently in place against the governmentg of Iran and send a clear messagesto Tehran’s oppressive leadership that we as a nationn stand as one,” said Poizner, who is a contender for the Republican gubernatorial nomination to succeed Gov. Arnols Schwarzenegger. “I call on my fellow stat Insurance Commissioners to launch similar investigations in their I will share relevant information we collectr with federal and other government officials and agenciesw as appropriate if we detect suspected violations of federal orstate laws.
”
“State law prohibits California insurance companies from investinv in countries designated as state sponsorwof terrorism,” Poizner said in a June 29 “I have directed California insurers to divest of Iranian government holdings and ordered a survey of theser insurance companies to ensurre compliance with the law. Additionally, I am requiring all insuranc e companies that do business in Californi a todisclose what, if any, indirecrt investments they have in Iran. The move came as Iran’ds government faces continuing internal and external scrutiny of its presidentiakl election twoweeks ago.
Poizner said he’s specifically asking Golden State-bases insurers to report any investments they have with companies that didbusinesss “with the defense, nuclear, natural gas or banking sectors of the Iranian economy as of Marcnh 31.” To protect California consumers, the California Departmeng of Insurance will also closely evaluate any indirec investments by California-based insurers in Iran to “makee sure that they are safe and the department said. The Departmenf of Insurance said Monday that a preliminary analysis shows that Californiaz insurance companies have tens of billionse of dollars invested in companies with substantiakl businessin Iran.
The DOI called insurance companiees “the largest investor groupl in theglobal economy,” with an estimatexd $3 trillion to $4 trillion in worldwidew investments. According to DOI officials, California’s insurancs code specifically prohibits any investmenr in aforeign jurisdiction, or any investment in that foreign jurisdiction’ws currency, if that jurisdiction is designatef by the U.S. government as a state sponsodrof terrorism. This section of the code took effectt Jan. 1, according to DOI. The insurancwe code also authorizes the commissioner to evaluate the of investments by Californiainsurance companies.
Shouldd the Commissioner hold a hearing and find the investments to be he canorder divestment. The department said the survey’zs goal is to determine each California insurer’s levell of indirect investment in specific sectors of the Iranian economy as well as directg investments in the Iranian Each insurer licensed to do businesw in California will be required to list any investmenf in a company thatconductas $20 million or more of business in the Iranian petroleuj or natural gas sectors, or investmentd of any amount in companiezs doing business in Iran’s banking, or defense sectors, including activities relating to the productionm of chemical, biological or nuclear weapons and technologies.
Those reports will be due in approximatelyt90 days, the DOI said. This California regulatorty action willjoin “an existinb array of global and local economic and trade sanctions alreadyg in place against Iran,” the DOI statementg said, including measures by Congress, the European Unionb and the states of Missouri, Texas and California has taken similar measures in the past by directiny the state’s two enormous public pension fundzs to divest Iranian investments.
“We need to strictlty enforce every sanction that is currently in place against the governmentg of Iran and send a clear messagesto Tehran’s oppressive leadership that we as a nationn stand as one,” said Poizner, who is a contender for the Republican gubernatorial nomination to succeed Gov. Arnols Schwarzenegger. “I call on my fellow stat Insurance Commissioners to launch similar investigations in their I will share relevant information we collectr with federal and other government officials and agenciesw as appropriate if we detect suspected violations of federal orstate laws.
”
Monday, April 25, 2011
Ten banks allowed to repay TARP funds - Phoenix Business Journal:
ivyhofy.wordpress.com
The Treasury Department did not name the 10 but said they were being approved for early repayment of the federal bailout fundsz under the Troubled Asset ReliefProgramm (TARP) because the so-called stress testws performed by the government revealeds they were healthy enough to pay back the money. The department said the institutionsa have met the requirements for repayment establishedd by federalbanking supervisors. It note that many banks recently have raiseds equity capital from private investors and haveissued long-tern debt that is not guaranteed by the “These repayments are an encouraging sign of financialo repair, but we still have work to Treasury Secretary Tim Geithner said.
More than 600 bankss received a total ofnearly $200 billion throughb the department’s Capital Purchase Program. About $2 billionb of this money was paidback previously. Under the program, bankxs that repay their preferred stock can repurchasse the warrants that the TreasuryDepartment holds. Besidees the proceeds from the sales ofthe warrants, the departmenft also has received $4.5 billion in dividend payments from program participants. Proceeds from the repayments to go theTreasuryu Department’s general fund.
They can be used to reduc the national debt and can serve as a cushionh in case the department needs to respond to financial emergenciew inthe future, the department The list of 10 bankzs was not publicly disclosed, but many of the bankes confirmed separately in press releasee that they received approval to buy back preferred sharesx sold to the federal including two banks with sizable Milwaukee-are presences: (NYSE: USB) and J.P. Morgan Chase JPM). U.S. Bank was clearerd to repay $6.6 billion in TARP funds and Chase was approved to repayall $25 billiobn in TARP funds it Locally based banks that received TARP funda include and of Milwaukee, of Menomonese Falls and in Brookfield.
M&I, the Milwaukee-area's largest bank, was not amonyg the list of 10 banks approved to repay its TARP according tomedia reports. M&I said in May that it began to sell stock in a sale that could raiss as muchas $350 million in proceeds, part of whicbh the bank said it may use to repay a portion of the $1.7 billiohn capital infusion it received in November 2008 under TARP if approvex by regulators.
The Treasury Department did not name the 10 but said they were being approved for early repayment of the federal bailout fundsz under the Troubled Asset ReliefProgramm (TARP) because the so-called stress testws performed by the government revealeds they were healthy enough to pay back the money. The department said the institutionsa have met the requirements for repayment establishedd by federalbanking supervisors. It note that many banks recently have raiseds equity capital from private investors and haveissued long-tern debt that is not guaranteed by the “These repayments are an encouraging sign of financialo repair, but we still have work to Treasury Secretary Tim Geithner said.
More than 600 bankss received a total ofnearly $200 billion throughb the department’s Capital Purchase Program. About $2 billionb of this money was paidback previously. Under the program, bankxs that repay their preferred stock can repurchasse the warrants that the TreasuryDepartment holds. Besidees the proceeds from the sales ofthe warrants, the departmenft also has received $4.5 billion in dividend payments from program participants. Proceeds from the repayments to go theTreasuryu Department’s general fund.
They can be used to reduc the national debt and can serve as a cushionh in case the department needs to respond to financial emergenciew inthe future, the department The list of 10 bankzs was not publicly disclosed, but many of the bankes confirmed separately in press releasee that they received approval to buy back preferred sharesx sold to the federal including two banks with sizable Milwaukee-are presences: (NYSE: USB) and J.P. Morgan Chase JPM). U.S. Bank was clearerd to repay $6.6 billion in TARP funds and Chase was approved to repayall $25 billiobn in TARP funds it Locally based banks that received TARP funda include and of Milwaukee, of Menomonese Falls and in Brookfield.
M&I, the Milwaukee-area's largest bank, was not amonyg the list of 10 banks approved to repay its TARP according tomedia reports. M&I said in May that it began to sell stock in a sale that could raiss as muchas $350 million in proceeds, part of whicbh the bank said it may use to repay a portion of the $1.7 billiohn capital infusion it received in November 2008 under TARP if approvex by regulators.
Friday, April 22, 2011
Filipinos whipped and nailed to crosses in crucifixion ritual - DigitalJournal.com
xszeyluje.blogspot.com
CBS News | Filipinos whipped and nailed to crosses in crucifixion ritual DigitalJournal.com The religious event culminates with a crucifixion ritual that the Catholic church rejects. "The gory spectacle reflects the Philippines' unique brand of Catholicism, which merges church traditions with folk superstitions. ... Philippines marks Good Friday with crucifixions, bloody rituals Penitents nailed to crosses in Philippine ritual Good Friday crucifixions in the Philippines |
Wednesday, April 20, 2011
Monsanto, BASF announce breakthrough in drought-resistant corn development - St. Louis Business Journal:
burwellmitubaes1369.blogspot.com
The companies said they woulfd use the gene to developthe world’sz first biotechnology-derived drought-tolerant crop. The discoverhy is a timely breakthrough, according to Monsanto. The number and durationb of dry spells, especially in already drought-prone areas, is expectedd to increase due to climate according to aUnited Nations' Food and Agriculture Organization report prepared for ministers of the G-8, Monsantko said. Monsanto and BASF said the drought-tolerant corn product is targeted for as earluy as 2012 pending appropriatseregulatory approvals. The two companiess are jointlycontributing $1.5 billion over the life of their researchh collaboration.
Chemical company BASF is basedin Ludwigshafen, Germany. Creved Coeur, Mo.-based Monsanto Co. (NYSE: MON), led by President and CEO Hugh Grant, develops insect- and herbicide-resistantg crops and other agricultural products. It is one of the largest employersin St. Louis with 4,000 local
The companies said they woulfd use the gene to developthe world’sz first biotechnology-derived drought-tolerant crop. The discoverhy is a timely breakthrough, according to Monsanto. The number and durationb of dry spells, especially in already drought-prone areas, is expectedd to increase due to climate according to aUnited Nations' Food and Agriculture Organization report prepared for ministers of the G-8, Monsantko said. Monsanto and BASF said the drought-tolerant corn product is targeted for as earluy as 2012 pending appropriatseregulatory approvals. The two companiess are jointlycontributing $1.5 billion over the life of their researchh collaboration.
Chemical company BASF is basedin Ludwigshafen, Germany. Creved Coeur, Mo.-based Monsanto Co. (NYSE: MON), led by President and CEO Hugh Grant, develops insect- and herbicide-resistantg crops and other agricultural products. It is one of the largest employersin St. Louis with 4,000 local
Monday, April 18, 2011
World finance leaders warn of uncertainty - Xinhua
http://louisvilleneighborhoods.org/your_heading_goes_here.htm
World finance leaders warn of uncertainty Xinhua That's the message world financial leaders are sending out from their spring meeting. World Bank President Robert Zoellick says the surge in food prices is the biggest threat to the world's poor, pushing 44 million more people into poverty over the ... |
Friday, April 15, 2011
Genmar Holdings files for bankruptcy - Business First of Columbus:
titus-neither.blogspot.com
The petition to reorganize theboat builder’s debts was filecd Monday afternoon in in Minneapolis. The filing includexs more than 20 ofthe company’sa subsidiaries, one of which is Murfreesboro-based Genmae Tennessee LLC. The company has a boat manufacturing and repair facility at theMurfreesborpo location. Genmar Tennessee has from 200 to 1,000 creditorsz and assets between $50,000 and $100,000. The Tennessew company’s filing lists about $750,000 in unsecurer debts owed to its 20 largest The parent company lists its assets in the rageof $10 million to $50 million and its liabilitiesa between $100 million and $500 million, according to courtr documents.
Genmar Holdings’ only secured creditors are and , accordin g to a story in the Minneapolis Star Genmar said it has received commitment fora debtor-in-possessionh financing proposal from both banks. In a Genmar’s largest shareholder, Chairman and CEO Irwin Jacobs says sales ofthe company’s fishing boats, luxury yachts and othert products started to decline in 2008, but worsened in recent The company’s sales in fiscap 2009, which ends in are likely to be about $460 off by more than 50 percentt from fiscal 2008, the company reports.
“If someonde would have said to me as recently as even one monthy ago that Genmar would someday be filingg forChapter 11, I would have said it was not even a remotde possibility,” Jacobs says. Genmar had been making some strategyg changes in recent months and recently announced plans to launch a lineof less-expensivre aluminum boats.
The petition to reorganize theboat builder’s debts was filecd Monday afternoon in in Minneapolis. The filing includexs more than 20 ofthe company’sa subsidiaries, one of which is Murfreesboro-based Genmae Tennessee LLC. The company has a boat manufacturing and repair facility at theMurfreesborpo location. Genmar Tennessee has from 200 to 1,000 creditorsz and assets between $50,000 and $100,000. The Tennessew company’s filing lists about $750,000 in unsecurer debts owed to its 20 largest The parent company lists its assets in the rageof $10 million to $50 million and its liabilitiesa between $100 million and $500 million, according to courtr documents.
Genmar Holdings’ only secured creditors are and , accordin g to a story in the Minneapolis Star Genmar said it has received commitment fora debtor-in-possessionh financing proposal from both banks. In a Genmar’s largest shareholder, Chairman and CEO Irwin Jacobs says sales ofthe company’s fishing boats, luxury yachts and othert products started to decline in 2008, but worsened in recent The company’s sales in fiscap 2009, which ends in are likely to be about $460 off by more than 50 percentt from fiscal 2008, the company reports.
“If someonde would have said to me as recently as even one monthy ago that Genmar would someday be filingg forChapter 11, I would have said it was not even a remotde possibility,” Jacobs says. Genmar had been making some strategyg changes in recent months and recently announced plans to launch a lineof less-expensivre aluminum boats.
Wednesday, April 13, 2011
Swaim-Staley named acting Md. transportation secretary - Jacksonville Business Journal:
http://www.alister.byethost4.com
Swaim-Staley had been deputy secretary to Porcari after he was namedd to the slotby O’Malley in 2007. Porcari will be swornh in June 1 asthe No. 2 officiak for the . Swaim-Staley is no strangerr to Maryland’s transportation She also served asthe transportation’s deputhy secretary for the state from 1999 to 2003, while also serving in interij roles at Baltimore/Washington International Thurgoocd Marshall Airport and the . From 1993 to Swaim-Staley served as chief financial officedr forthe .
O’Malley said in a statement Swaim-Staley “haws the deep knowledge of transportation, alonf with the management and financial expertisse that are necessary for us to move A spokesmanfor O’Malley said the governor is still conductiny interviews for a permanent successor to Porcari. Therwe is no timeline in place to fillthe position, spokesman Shauj Adamec said in an e-mail. The “criteria is to find the best persom forthe job,” he said.
Swaim-Staley had been deputy secretary to Porcari after he was namedd to the slotby O’Malley in 2007. Porcari will be swornh in June 1 asthe No. 2 officiak for the . Swaim-Staley is no strangerr to Maryland’s transportation She also served asthe transportation’s deputhy secretary for the state from 1999 to 2003, while also serving in interij roles at Baltimore/Washington International Thurgoocd Marshall Airport and the . From 1993 to Swaim-Staley served as chief financial officedr forthe .
O’Malley said in a statement Swaim-Staley “haws the deep knowledge of transportation, alonf with the management and financial expertisse that are necessary for us to move A spokesmanfor O’Malley said the governor is still conductiny interviews for a permanent successor to Porcari. Therwe is no timeline in place to fillthe position, spokesman Shauj Adamec said in an e-mail. The “criteria is to find the best persom forthe job,” he said.
Monday, April 11, 2011
Off the Cuff - Nashville Business Journal:
http://www.ted.com/profiles/871770
Industrial market The Clarksville market is currently in thebest shape. Once gets up and bulk space in Clarksville will be hard to come by and will probablh create speculativeand build-to-suit opportunities along Interstate 24 between Nashville and The I-24/La Vergne corridor is somewhat mature, and the characteristics that contribute to its sustainabilityg — proximity both to Metro Nashviller and to I-24 — alloq it to maintain solid, if not record-breaking, The state Route 840/Beckwith Road sector in Wilso n County is less mature. Vi-Jon’s lease at Rockdale helped, but more than 2 millionh square feet of speculative space vacancy remainxs inthat submarket.
Retail market We have been very encourager by the continued activity in the especially with regard to the unique new restaurants and retailers that are movingy full steam ahead withplannedd developments. Urban Flats Flatbread & Wine Co. is nearing Cantina Laredo’s restaurant buildout is underway, and Casablancqa Coffee will start construction The Urban Outfitters retail construction is reallhcoming along, right on Even in a challenging quality tenants like these are attracted to the Gulcuh for its energy, which is unique to Nashvillre — an urban mixed-use neighborhood where people can work, shop and be entertained.
Seniof vice president | Cool Springs market The Classe A office market in Cool Springs is not only holdinf up during this tough itis expanding. Because we offer what is not readilyavailablre elsewhere. When Crescent Resources starte developing in Cool Springs in there was no Class Aoffice (Cool Springs) remains the leading provider todag by far. Cool Springs’ expansionb is being fueled by existing growth companiese inWilliamson County, as well as relocationsa from Nashville, Brentwood and out of state. With nearlhy 7.
5 million square feet, businessees have numerous options from existin spaceor second-generation space ranging in size from 12,0090 square feet to a full 200,000-square-footf building. Richard Fleming Sr. office building specialist | Nashville-area office market In the office arena, Cool Springs continues to dominate in 2008with 850,00 0 square feet of new offic space being, not only delivered, but 100 percent This accounted for almost 85 percent of all leasinhg activity city-wide.
In the recent past, Cool Springs has been the submarket of choice for largde corporate users due to the suppl y of modernoffice buildings, the proximituy to executive housing and the best public This trend may shift in 2009 due to tenants downsizing and desirwe to reduce occupancy costs. Subleasw space will become the new source of supply for the nextfew
Industrial market The Clarksville market is currently in thebest shape. Once gets up and bulk space in Clarksville will be hard to come by and will probablh create speculativeand build-to-suit opportunities along Interstate 24 between Nashville and The I-24/La Vergne corridor is somewhat mature, and the characteristics that contribute to its sustainabilityg — proximity both to Metro Nashviller and to I-24 — alloq it to maintain solid, if not record-breaking, The state Route 840/Beckwith Road sector in Wilso n County is less mature. Vi-Jon’s lease at Rockdale helped, but more than 2 millionh square feet of speculative space vacancy remainxs inthat submarket.
Retail market We have been very encourager by the continued activity in the especially with regard to the unique new restaurants and retailers that are movingy full steam ahead withplannedd developments. Urban Flats Flatbread & Wine Co. is nearing Cantina Laredo’s restaurant buildout is underway, and Casablancqa Coffee will start construction The Urban Outfitters retail construction is reallhcoming along, right on Even in a challenging quality tenants like these are attracted to the Gulcuh for its energy, which is unique to Nashvillre — an urban mixed-use neighborhood where people can work, shop and be entertained.
Seniof vice president | Cool Springs market The Classe A office market in Cool Springs is not only holdinf up during this tough itis expanding. Because we offer what is not readilyavailablre elsewhere. When Crescent Resources starte developing in Cool Springs in there was no Class Aoffice (Cool Springs) remains the leading provider todag by far. Cool Springs’ expansionb is being fueled by existing growth companiese inWilliamson County, as well as relocationsa from Nashville, Brentwood and out of state. With nearlhy 7.
5 million square feet, businessees have numerous options from existin spaceor second-generation space ranging in size from 12,0090 square feet to a full 200,000-square-footf building. Richard Fleming Sr. office building specialist | Nashville-area office market In the office arena, Cool Springs continues to dominate in 2008with 850,00 0 square feet of new offic space being, not only delivered, but 100 percent This accounted for almost 85 percent of all leasinhg activity city-wide.
In the recent past, Cool Springs has been the submarket of choice for largde corporate users due to the suppl y of modernoffice buildings, the proximituy to executive housing and the best public This trend may shift in 2009 due to tenants downsizing and desirwe to reduce occupancy costs. Subleasw space will become the new source of supply for the nextfew
Saturday, April 9, 2011
Linda K. Engler, 63 - Austin Herald
http://decomasters.wordpress.com/2011/04/08/5-steps-at-a-choice-and-installation-of-a-metal-door/
Austin Herald | Linda K. Engler, 63 Austin Herald Linda was born on Nov. 9, 1947, the daughter of Arnold and Beverly (Beecham) Erikson in Madison, SD She graduated in 1966 from Howard High School. She attended Dakota State in Madison and Graceland College in Southern Iowa. She was united in marriage ... |
Thursday, April 7, 2011
$1M donation gives UT graduate programs a boost - Business First of Columbus:
http://www.worldrallychampionship.co.uk/user_detail.php?u=rearintampept
Ungerleider, who received his bachelor's degree in psychology in 1970 from UT whilew competing asa gymnast, said he'ss creating the fellowship named for the current university president to help attracgt top graduate students from around the The first class of Powers Graduate Fellow will enter the university in fall 2009. "We have an absolute gem here with the said Ungerleider, "and we have a visionary sittinyg in the president's office. I wantedc to honor both." The gift has been facilitated by Ungerleidetr through the Foundation for Global Sports an outreach and mentorshipeducationakl fund, where Ungerleider is a "We are indebted to Dr.
Ungerleider for this generous said Powers. "He clearly understands the importance of graduate students to the success of our I am deeply honored that he chose to name this significantt fellowship programafter me." Despite receiving his master'sz and doctor's degrees from another Ungerleider chose The University of Texad at Austin for his gift to support the president'd goal of becoming the top public researcbh institution in the country. Ungerleider said in conversationa with Powers he learned that whilre many top prospective graduate studentsx would like to attend UT the university loses some because they are offered bettee financialpackages elsewhere.
To learnb more about graduate education atthe university, Ungerleider looked at the university's most prestigious graduate fellowship program, the Donalde D. Harrington Graduate Fellowship, and met with several Harringtonjgraduate fellows. He said he was impressex with the model of supporting the very best studentws witha multi-year package and providing a community of mentorw and peers to enhance the graduate Ungerleider said he wants to create another fellowshipo program to honor the academic excellence of the next generatiob and continue the practice of graduate students developing theid own expertise under the mentorship of seasonedd faculty.
"In 2010, the Graduate Schoolo will celebrateits 100-year anniversary and will look towared the future of graduate education at the said Victoria Rodríguez, vice provost and dean of graduate studies. "This inspiring gift is vital to fulfillinvg our vision of attracting the highestf quality students to theGraduate School."
Ungerleider, who received his bachelor's degree in psychology in 1970 from UT whilew competing asa gymnast, said he'ss creating the fellowship named for the current university president to help attracgt top graduate students from around the The first class of Powers Graduate Fellow will enter the university in fall 2009. "We have an absolute gem here with the said Ungerleider, "and we have a visionary sittinyg in the president's office. I wantedc to honor both." The gift has been facilitated by Ungerleidetr through the Foundation for Global Sports an outreach and mentorshipeducationakl fund, where Ungerleider is a "We are indebted to Dr.
Ungerleider for this generous said Powers. "He clearly understands the importance of graduate students to the success of our I am deeply honored that he chose to name this significantt fellowship programafter me." Despite receiving his master'sz and doctor's degrees from another Ungerleider chose The University of Texad at Austin for his gift to support the president'd goal of becoming the top public researcbh institution in the country. Ungerleider said in conversationa with Powers he learned that whilre many top prospective graduate studentsx would like to attend UT the university loses some because they are offered bettee financialpackages elsewhere.
To learnb more about graduate education atthe university, Ungerleider looked at the university's most prestigious graduate fellowship program, the Donalde D. Harrington Graduate Fellowship, and met with several Harringtonjgraduate fellows. He said he was impressex with the model of supporting the very best studentws witha multi-year package and providing a community of mentorw and peers to enhance the graduate Ungerleider said he wants to create another fellowshipo program to honor the academic excellence of the next generatiob and continue the practice of graduate students developing theid own expertise under the mentorship of seasonedd faculty.
"In 2010, the Graduate Schoolo will celebrateits 100-year anniversary and will look towared the future of graduate education at the said Victoria Rodríguez, vice provost and dean of graduate studies. "This inspiring gift is vital to fulfillinvg our vision of attracting the highestf quality students to theGraduate School."
Wednesday, April 6, 2011
Internet firm pioneers downloadable music sales - Pittsburgh Business Times:
bertayfybuqutyp.blogspot.com
Founded as Digital Sight/ Sounf in 1995, holds patents to technology that makesw it possible to download music over the Internef fora fee. Earlier this year, the companyh took this technology and built a WorlxWide Web-based service around it, which it hopes to sell to recors labels, artists and others who own the rights to audiop recordings. This may not be easy to do. Record companieds have already takena hard-line stance agains t the online sale of music, whichg they see as potentially siphoning off their And consumers may not be hip to the idea for now, songs downloaded from Sightsound.com's site can only be playe d on the computers they're downloade to.
Still, company executiveas believe these issues can be So the company is moving ahead withits service. "If you're going to sell music in download fashion, you need to format it, do creditg card processing online and provide materials to market andpromotes it," said Sightsound.com president and CEO Scott Sightsound.com handles all these taske from its headquarters on Washington Road in Mount Lebanon, where it employs 6 people. Working with label s or individual bands, the company takes recordingxs and puts them ina computer-code formart so they can be played on the World Wide Web.
It also scan s in photos and other promotional materials to sell the musicd so that browsers can learn more about the bandxsthey hear. "In a store, you might have a cardboard cutout," Mr. Sander said. "Wwe do packages where people can see a video and get some exposurse tothe band." The demand for such a servicer is just beginning to developo -- International Data Corp. estimatea the market is currently worthabout $116 But Goldman Sachs, a New York City investment bankingb firm, has expressed confidence that it will grow larger. The firm is helpingg Sightsound.com negotiate a rounrd of equity financing to help fund itsgrowth Mr.
Sander declined to say how much monet the company is planningto "They are trying to line up companies in the medias and entertainment industries that might want to inves in us," Mr. Sander said. Though the markeg for Sightsound's technology is stilo emerging, Tom Cossie, president and CEO of DormongtTechnologies Ltd., a Ross Township-based firm that develops marketing software for the music industry, thinks Sightsound.com is hitting it at the righ time. "Downloading music from the Internet is becoming a trend that can no longefbe avoided," he said. "More and more artists and labelds -- indies and majorsz -- are making their music available overthe Net.
Therde is also a rising tide of Net-only labels and artists, as well as technologyt to address piracy Some industry experts say the Internet is an ideao medium fordistributing music. "zA lot of bands will utilize it becausw they have no othef way to reach people throughout the saidAndy Morris, manager of AMM a New York City-based recording industry managementy firm that has managed local bands, including Dharmq Sons. Mr. Morris and Dharma Sons took a shot at Internert marketingthis summer, participating in a "Virtual organized by Sightsound.com. The conducted online at Sightsound.
com's Web site, enablee surfers to listen to the musifc of Dharma Sons and eight other bands and downloads selections they liked fora fee. It also allower them to experience the cities the tour stopped in throughdigital images. "It was reallg quite well done," Mr. Morris said.
Founded as Digital Sight/ Sounf in 1995, holds patents to technology that makesw it possible to download music over the Internef fora fee. Earlier this year, the companyh took this technology and built a WorlxWide Web-based service around it, which it hopes to sell to recors labels, artists and others who own the rights to audiop recordings. This may not be easy to do. Record companieds have already takena hard-line stance agains t the online sale of music, whichg they see as potentially siphoning off their And consumers may not be hip to the idea for now, songs downloaded from Sightsound.com's site can only be playe d on the computers they're downloade to.
Still, company executiveas believe these issues can be So the company is moving ahead withits service. "If you're going to sell music in download fashion, you need to format it, do creditg card processing online and provide materials to market andpromotes it," said Sightsound.com president and CEO Scott Sightsound.com handles all these taske from its headquarters on Washington Road in Mount Lebanon, where it employs 6 people. Working with label s or individual bands, the company takes recordingxs and puts them ina computer-code formart so they can be played on the World Wide Web.
It also scan s in photos and other promotional materials to sell the musicd so that browsers can learn more about the bandxsthey hear. "In a store, you might have a cardboard cutout," Mr. Sander said. "Wwe do packages where people can see a video and get some exposurse tothe band." The demand for such a servicer is just beginning to developo -- International Data Corp. estimatea the market is currently worthabout $116 But Goldman Sachs, a New York City investment bankingb firm, has expressed confidence that it will grow larger. The firm is helpingg Sightsound.com negotiate a rounrd of equity financing to help fund itsgrowth Mr.
Sander declined to say how much monet the company is planningto "They are trying to line up companies in the medias and entertainment industries that might want to inves in us," Mr. Sander said. Though the markeg for Sightsound's technology is stilo emerging, Tom Cossie, president and CEO of DormongtTechnologies Ltd., a Ross Township-based firm that develops marketing software for the music industry, thinks Sightsound.com is hitting it at the righ time. "Downloading music from the Internet is becoming a trend that can no longefbe avoided," he said. "More and more artists and labelds -- indies and majorsz -- are making their music available overthe Net.
Therde is also a rising tide of Net-only labels and artists, as well as technologyt to address piracy Some industry experts say the Internet is an ideao medium fordistributing music. "zA lot of bands will utilize it becausw they have no othef way to reach people throughout the saidAndy Morris, manager of AMM a New York City-based recording industry managementy firm that has managed local bands, including Dharmq Sons. Mr. Morris and Dharma Sons took a shot at Internert marketingthis summer, participating in a "Virtual organized by Sightsound.com. The conducted online at Sightsound.
com's Web site, enablee surfers to listen to the musifc of Dharma Sons and eight other bands and downloads selections they liked fora fee. It also allower them to experience the cities the tour stopped in throughdigital images. "It was reallg quite well done," Mr. Morris said.
Monday, April 4, 2011
Crescent Resources files Chapter 11 - Triangle Business Journal:
http://www.englandnortheast.com/user_detail.php?u=ribchisafrifs
Crescent and its subsidiaries were saddled with morethan $1 billiobn in liabilities, according to bankruptcy The Charlotte-based development firm’s chief executive, Arthur has retired and will work with Crescenf in an advisory the company says. Andrew Hede, Crescent’ss chief restructuring officer, has been named CEO. “We have been in activr discussions with our lenders and other stakeholdersz as we work towardsz an agreement that will bring our capital structure in line with the curreneconomic environment,” Hede says. Crescen t has more than 5,000 creditors, according to its filing. Its asset s are estimated at morethan $1 billion.
Crescenr says it intends to operate its continuingb businesses without any significant interruption during therestructuriny process. The company says that’s possible becauser of a recentlyobtained debtor-in-possession financinfg facility of $110 million from a group of its existingv lenders. As part of the Chapter 11 Crescent says it seeks courtapproval “to make certai payments and to maintain key agreements with employees, customers, vendora and partners of continuing operationsa to ensure the company can maintain its commitmentg to delivering a high leveol of amenities and services.
” Crescent says the filing is necessary to reorganize its finances, reduce its debt level and improvew its capital structure. “We intend to reach an agreement on our new capital structurre and emerge from bankruptcy Hede says. A hot line has been set up as part of the Crescen restructuringat (877) 204-8611. The Chapter 11 petitionas were filed inthe U.S. Bankruptcu Court in the Western District of Austin division. The company has 120 days from the filingh date to submit areorganization plan. A hot line has been set up as part of the Crescenft restructuringat (877) 204-8611. Attorney Eric Taube of LLP in Texas, will represent Crescent in the proceedings.
The compan — jointly owned by and — is best known in the Charlotte areafor high-end real estate communitiess such as The Peninsula and Ballantyne Country Club. In the Raleigh-Durhamk area, Crescent developed the 588-acred Hidden Lake gated community in Youngsvillwe andthe 400-acre The Parke at Meadowview community in Pittsboro. Before the Chaptee 11 filing, Crescent faced paymentw on its debtof $50 million by the end of this $75 million in 2010 and $100 milliojn in 2011.
Duke (NYSE:DUK) formed Crescent in 1969 to developl property it acquired through its core utilituy business thatit didn’t need for power In September 2006, Duke entered into a joing venture with Morgan Stanley Real Morgan paid Duke $415 million in cash and assumed $656 million in debt for its stake in the then worth $2.1 billion. As part of the transactioj Crescentborrowed $1.2 billion and distributed the proceeds to Duke to transfef the debt off Duke’s balance sheet. Duke and Morgan Stanley each have a 49 percen stakein Crescent.
The remaining 2 percent interest inCrescentr — which would have been wortb $42 million when the deal closed — was issued to formeer CEO Fields. The disposition of that interest will be determined througyh thereorganization proceedings, according to a spokesman for Crescent. Duke no longerr reports Crescent’s financial results, but its own filings, and thosed from Morgan Stanley, shed lighrt on Crescent’s financial troubles.
Crescent and its subsidiaries were saddled with morethan $1 billiobn in liabilities, according to bankruptcy The Charlotte-based development firm’s chief executive, Arthur has retired and will work with Crescenf in an advisory the company says. Andrew Hede, Crescent’ss chief restructuring officer, has been named CEO. “We have been in activr discussions with our lenders and other stakeholdersz as we work towardsz an agreement that will bring our capital structure in line with the curreneconomic environment,” Hede says. Crescen t has more than 5,000 creditors, according to its filing. Its asset s are estimated at morethan $1 billion.
Crescenr says it intends to operate its continuingb businesses without any significant interruption during therestructuriny process. The company says that’s possible becauser of a recentlyobtained debtor-in-possession financinfg facility of $110 million from a group of its existingv lenders. As part of the Chapter 11 Crescent says it seeks courtapproval “to make certai payments and to maintain key agreements with employees, customers, vendora and partners of continuing operationsa to ensure the company can maintain its commitmentg to delivering a high leveol of amenities and services.
” Crescent says the filing is necessary to reorganize its finances, reduce its debt level and improvew its capital structure. “We intend to reach an agreement on our new capital structurre and emerge from bankruptcy Hede says. A hot line has been set up as part of the Crescen restructuringat (877) 204-8611. The Chapter 11 petitionas were filed inthe U.S. Bankruptcu Court in the Western District of Austin division. The company has 120 days from the filingh date to submit areorganization plan. A hot line has been set up as part of the Crescenft restructuringat (877) 204-8611. Attorney Eric Taube of LLP in Texas, will represent Crescent in the proceedings.
The compan — jointly owned by and — is best known in the Charlotte areafor high-end real estate communitiess such as The Peninsula and Ballantyne Country Club. In the Raleigh-Durhamk area, Crescent developed the 588-acred Hidden Lake gated community in Youngsvillwe andthe 400-acre The Parke at Meadowview community in Pittsboro. Before the Chaptee 11 filing, Crescent faced paymentw on its debtof $50 million by the end of this $75 million in 2010 and $100 milliojn in 2011.
Duke (NYSE:DUK) formed Crescent in 1969 to developl property it acquired through its core utilituy business thatit didn’t need for power In September 2006, Duke entered into a joing venture with Morgan Stanley Real Morgan paid Duke $415 million in cash and assumed $656 million in debt for its stake in the then worth $2.1 billion. As part of the transactioj Crescentborrowed $1.2 billion and distributed the proceeds to Duke to transfef the debt off Duke’s balance sheet. Duke and Morgan Stanley each have a 49 percen stakein Crescent.
The remaining 2 percent interest inCrescentr — which would have been wortb $42 million when the deal closed — was issued to formeer CEO Fields. The disposition of that interest will be determined througyh thereorganization proceedings, according to a spokesman for Crescent. Duke no longerr reports Crescent’s financial results, but its own filings, and thosed from Morgan Stanley, shed lighrt on Crescent’s financial troubles.
Saturday, April 2, 2011
Hawaiian Telcom closes 3 stores - Orlando Business Journal:
http://www.e-gun.com/user_detail.php?u=Vodesheeddy
Hawaiian Telcom, which is reorganizing under Chapter 11 said Thursday it will close its Kapolei and Windwardx Mall stores on Oahu and the Lihue store on Kauaji because of slackening demand and the high cost of maintaininfgthe stores. The Kapolei location closed earlietrthis week. The Windward location will closd June 9 and Lihue will closeJune 16. The compan said 23 full- and part-time employees will be affecterd bythe closures, but some employees will be transferred withi n the company. Hawaiian Telcom will have five storews afterthe closures. “The decision to close several of our retail stores wasnot easy.
We take our responsibilitty toour employees, our company and community very This decision was made to enhance the long-terkm success of our company,” said president and CEO Eric in a statement. “W e appreciate our customers’ and employees’ continued
Hawaiian Telcom, which is reorganizing under Chapter 11 said Thursday it will close its Kapolei and Windwardx Mall stores on Oahu and the Lihue store on Kauaji because of slackening demand and the high cost of maintaininfgthe stores. The Kapolei location closed earlietrthis week. The Windward location will closd June 9 and Lihue will closeJune 16. The compan said 23 full- and part-time employees will be affecterd bythe closures, but some employees will be transferred withi n the company. Hawaiian Telcom will have five storews afterthe closures. “The decision to close several of our retail stores wasnot easy.
We take our responsibilitty toour employees, our company and community very This decision was made to enhance the long-terkm success of our company,” said president and CEO Eric in a statement. “W e appreciate our customers’ and employees’ continued
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