Notice of Extraordinary General Meeting and Complete Proposals MarketWatch (press release) The Board of Directors proposes that the following authorisation is inserted as Article 2.7 in the Articles of Association of the Company: "The Board of Directors is authorised in the period until 31 March 2012, in one stage, with proportionate ... |
Monday, October 31, 2011
Notice of Extraordinary General Meeting and Complete Proposals - MarketWatch (press release)
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Saturday, October 29, 2011
Zale Corp. posts bigger loss, names CFO - Dallas Business Journal:
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million during its fiscal third quarter, an increasd of 33 percent compared to the loss it posterd in the same quarterlast year. The compant also named Mathew W. Appel its new chief financialo officer, executive vice president, effectived June 15. Appel joins Zale Corp. from , where he servecd as vice president and chieffinancial officer. Irving-based Zale's ZLC) third-quarter loss amounted to 73 centsper share, compared to a net loss last year of $17.4 or 42 cents per share. Meanwhile, revenue for the most-recenyt quarter hit $379 million, which is down from $477 millionm a year earlier. The company’s sales fell 20 percent when compareed to theprevious year.
Zale says its 2008 third-quartert sales were actually up 5.8 percent last year due to a clearance sale that cut backon inventory. Zale continues to realigj its business byclosing under-performing cutting operating expenses and adjusting rents and leases to keep them in line with currenyt sales trends.
million during its fiscal third quarter, an increasd of 33 percent compared to the loss it posterd in the same quarterlast year. The compant also named Mathew W. Appel its new chief financialo officer, executive vice president, effectived June 15. Appel joins Zale Corp. from , where he servecd as vice president and chieffinancial officer. Irving-based Zale's ZLC) third-quarter loss amounted to 73 centsper share, compared to a net loss last year of $17.4 or 42 cents per share. Meanwhile, revenue for the most-recenyt quarter hit $379 million, which is down from $477 millionm a year earlier. The company’s sales fell 20 percent when compareed to theprevious year.
Zale says its 2008 third-quartert sales were actually up 5.8 percent last year due to a clearance sale that cut backon inventory. Zale continues to realigj its business byclosing under-performing cutting operating expenses and adjusting rents and leases to keep them in line with currenyt sales trends.
Thursday, October 27, 2011
Delta will reinstate biz-meeting discounts - Minneapolis / St. Paul Business Journal:
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The decision marks a change in coursefor Atlanta-baser Delta, which discontinued so-called “meeting fares” in 2005. The move also bringzs relief to Twin Cities corporate travel agents and buyers who relieedon Eagan-based Northwest’s meeting discounts. Many of them feared that Delta wouldend Northwest’s meeting-fare policy after it acquiredf the carrier last year. Northwest’w previous policy allowed travel buyers to negotiate discounts of betweemn 5 and7 percent, excluding taxes and for meeting-goers. The policy was particularly helpful when a meeting was expectefd to attract attendees frommultiplew cities.
Organizers could offer the meeting-fared discount to people headed tothe event, no mattere which city they were coming from. Meetinv fare policies also ofteneliminated Saturday-night stay requirements. Delta offered similar discounts for years as part of its Deltqa MeetingNetwork product, but abandoned the program when it launcherd its “SimpliFares” initiative four years ago. SimpliFaree eliminated enough restrictions on ticket pricingh that Delta told corporate buyers that meetin g fares were nolonger necessary. Deltwa is not yet releasing the detailz of its new meetinhfare policy, but said it expects to launch a product shortly.
“With the mergerf of Delta and NWA, Delta is focused on deliveringa comprehensive, global meeting product to conventions, corporations and incentive customers,” Delta said in an e-mailer statement. “As we work through the integration process, we are benchmarking best practicesz from the current Northwest meeting product as well as programs offered by Deltaw inthe past. Our goal is to provide a comprehensive, global product that aligns with our expanded network andour customer’s needs.” Twin Cities travelk buyers are happy to hear meeting fares will returmn in some form.
“It would have been perceivedd as a loss had Delta not taken a saidBill Neuman, president of Bloomington-based business travel agencyh Travel One Inc. “It’s a populart program that’s well received by Meeting fares became common practice durintg the 1980s and but fell out of favor becauser of the complexities of distribution and more competitive airfarezs throughoutthe industry, said Bob Mann, an airline analyst with New York-basee R.W. Mann & Co. Inc. When Deltaq decided to end itsmeeting fares, the move did not fly well in the travelo industry. Many buyers expected, after an that Delta would bringthem back, but they neved re-surfaced.
“If you go back a numbe r of years, Delta did not make some wise and this was oneof them,” said Terrg Trippler, an airline analyst with Minneapolis-based Delta continued to offer groupp fares, but to qualify, 10 passengerws had to travel on the same flight to the same Such fares were not appealing to corporatee buyers, partly because many companies ban multiple top executives from travelinf on the same plane, in case it crashes, Neumabn said. Reviving meeting fares may bolster meeting and convention trafficin Delta’sx hub cities, such as Trippler said.
Also, it indicates that Northwest’s middle managementg and pricingleaders — many of whom have been left in placer following the merger — are having an impac t on Delta’s overall strategy. Delta’s move comeds as business travel is About 84 percent of corporate travel buyers have cut their budgets sincelast fall, accordingy to a survey releasex in April by Alexandria, Va.-based National Businessw Travel Association. About 38 percent the people surveyed by the organizatiohn reduced expenses by more than15 percent, and 60 perceny said they planned additional cuts this year.
The decision marks a change in coursefor Atlanta-baser Delta, which discontinued so-called “meeting fares” in 2005. The move also bringzs relief to Twin Cities corporate travel agents and buyers who relieedon Eagan-based Northwest’s meeting discounts. Many of them feared that Delta wouldend Northwest’s meeting-fare policy after it acquiredf the carrier last year. Northwest’w previous policy allowed travel buyers to negotiate discounts of betweemn 5 and7 percent, excluding taxes and for meeting-goers. The policy was particularly helpful when a meeting was expectefd to attract attendees frommultiplew cities.
Organizers could offer the meeting-fared discount to people headed tothe event, no mattere which city they were coming from. Meetinv fare policies also ofteneliminated Saturday-night stay requirements. Delta offered similar discounts for years as part of its Deltqa MeetingNetwork product, but abandoned the program when it launcherd its “SimpliFares” initiative four years ago. SimpliFaree eliminated enough restrictions on ticket pricingh that Delta told corporate buyers that meetin g fares were nolonger necessary. Deltwa is not yet releasing the detailz of its new meetinhfare policy, but said it expects to launch a product shortly.
“With the mergerf of Delta and NWA, Delta is focused on deliveringa comprehensive, global meeting product to conventions, corporations and incentive customers,” Delta said in an e-mailer statement. “As we work through the integration process, we are benchmarking best practicesz from the current Northwest meeting product as well as programs offered by Deltaw inthe past. Our goal is to provide a comprehensive, global product that aligns with our expanded network andour customer’s needs.” Twin Cities travelk buyers are happy to hear meeting fares will returmn in some form.
“It would have been perceivedd as a loss had Delta not taken a saidBill Neuman, president of Bloomington-based business travel agencyh Travel One Inc. “It’s a populart program that’s well received by Meeting fares became common practice durintg the 1980s and but fell out of favor becauser of the complexities of distribution and more competitive airfarezs throughoutthe industry, said Bob Mann, an airline analyst with New York-basee R.W. Mann & Co. Inc. When Deltaq decided to end itsmeeting fares, the move did not fly well in the travelo industry. Many buyers expected, after an that Delta would bringthem back, but they neved re-surfaced.
“If you go back a numbe r of years, Delta did not make some wise and this was oneof them,” said Terrg Trippler, an airline analyst with Minneapolis-based Delta continued to offer groupp fares, but to qualify, 10 passengerws had to travel on the same flight to the same Such fares were not appealing to corporatee buyers, partly because many companies ban multiple top executives from travelinf on the same plane, in case it crashes, Neumabn said. Reviving meeting fares may bolster meeting and convention trafficin Delta’sx hub cities, such as Trippler said.
Also, it indicates that Northwest’s middle managementg and pricingleaders — many of whom have been left in placer following the merger — are having an impac t on Delta’s overall strategy. Delta’s move comeds as business travel is About 84 percent of corporate travel buyers have cut their budgets sincelast fall, accordingy to a survey releasex in April by Alexandria, Va.-based National Businessw Travel Association. About 38 percent the people surveyed by the organizatiohn reduced expenses by more than15 percent, and 60 perceny said they planned additional cuts this year.
Tuesday, October 25, 2011
CalPERS board approves rate hikes - Dallas Business Journal:
ezelik.wordpress.com
percent increase in health care premiumds Wednesday for its membersin 2010, Basicv health maintenance organization rates will rise an averagd of 3.4 percent next year, down from almosrt 6.6 percent in 2009. Basic preferree provider organization rates will increase anaveragw 3.3 percent, while the pensioh fund’s association plans for highwayg patrol, correctional and peace officerw will rise 1 percent . Medicare members will see an averagre increaseof 1.1 percent. “These rates were the result of bette r health care practices by our membere and hard work by our boarcdand staff,” CalPERS board president Rob Fecknerd said in a press release.
“Thisz is good news for our members who arefacing furloughs, pay cuts and difficultf economic times.” Basic HMO rates for area CalPERx run from a low of 0.32 percent for Blue Shield Net Value to a high of 4.9 percenr for Kaiser. The Kaiser rates were achieve d by aligning them with the Blue Shieldbenefiy design. Kaiser will eliminate chiropracticbenefits (whicu are not provided by Kaiser and the plan will increase copayments for a 100-dayy supply of prescription drugs.
Rates are baseed on several factors, including a group’s use of health care services andbenefit package, said Kathleen Kaiser’s executive director for public policyt advocacy, legal and government relations. “Oudr 2010 rate reflects our partnership with CalPER to work together on new preventive care programx to try to reduce its costz andthe group’s utilization trends and benefit she said in an e-mail.
percent increase in health care premiumds Wednesday for its membersin 2010, Basicv health maintenance organization rates will rise an averagd of 3.4 percent next year, down from almosrt 6.6 percent in 2009. Basic preferree provider organization rates will increase anaveragw 3.3 percent, while the pensioh fund’s association plans for highwayg patrol, correctional and peace officerw will rise 1 percent . Medicare members will see an averagre increaseof 1.1 percent. “These rates were the result of bette r health care practices by our membere and hard work by our boarcdand staff,” CalPERS board president Rob Fecknerd said in a press release.
“Thisz is good news for our members who arefacing furloughs, pay cuts and difficultf economic times.” Basic HMO rates for area CalPERx run from a low of 0.32 percent for Blue Shield Net Value to a high of 4.9 percenr for Kaiser. The Kaiser rates were achieve d by aligning them with the Blue Shieldbenefiy design. Kaiser will eliminate chiropracticbenefits (whicu are not provided by Kaiser and the plan will increase copayments for a 100-dayy supply of prescription drugs.
Rates are baseed on several factors, including a group’s use of health care services andbenefit package, said Kathleen Kaiser’s executive director for public policyt advocacy, legal and government relations. “Oudr 2010 rate reflects our partnership with CalPER to work together on new preventive care programx to try to reduce its costz andthe group’s utilization trends and benefit she said in an e-mail.
Saturday, October 22, 2011
Safeway, workers to resume talks July 14 - Dayton Business Journal:
grachevakautawil.blogspot.com
The grocery chain and United Food and Commerciao Workers Union Local 7 also agreed to extend all of theirt Coloradolabor agreements, set to expirre tonight, until midnight July 18, the Safeway announcemen said. Safeway’s union workers rejected the company’s latest contracg offer earlierthis week. “Safeway remainsx committed to finding a peaceful solution to the very difficul issues facing the parties in these labor Safeway spokesperson Kris Staaf said in the Safeway workers had voted Wednesday to reauthorize a strike if the chain does not improve the wage or pension offersa in itsproposed five-year contract.
The workerx have asked for a last, best and finall offer from the chain, a proposal that is necessary to be presented before any strikecan happen, said Laura Chapin, spokeswomanh for . Workers for Colorado’s three largest supermarketf chains — Safeway, Albertsons and unit King Soopersd — are all in contract talks withtheire employers.
The grocery chain and United Food and Commerciao Workers Union Local 7 also agreed to extend all of theirt Coloradolabor agreements, set to expirre tonight, until midnight July 18, the Safeway announcemen said. Safeway’s union workers rejected the company’s latest contracg offer earlierthis week. “Safeway remainsx committed to finding a peaceful solution to the very difficul issues facing the parties in these labor Safeway spokesperson Kris Staaf said in the Safeway workers had voted Wednesday to reauthorize a strike if the chain does not improve the wage or pension offersa in itsproposed five-year contract.
The workerx have asked for a last, best and finall offer from the chain, a proposal that is necessary to be presented before any strikecan happen, said Laura Chapin, spokeswomanh for . Workers for Colorado’s three largest supermarketf chains — Safeway, Albertsons and unit King Soopersd — are all in contract talks withtheire employers.
Thursday, October 20, 2011
Investors must embrace volatility of a brutal market - Minneapolis / St. Paul Business Journal:
eragywaqer.wordpress.com
Surely, the fallout from the increasinglty complex, opaque and crookedly engineered dealings out of the financiap sector over the past decad e have made talking about capital marketsa struggle. (I’mm sure that reading aboutf it has beeneven harder). Getting an answed to questionslike “What’s going on the must be something akin to hearing an astrophysicist explain how the universe In both cases, you regret askinhg the question in the firsft place. That Adam Smith’s invisible hand has givenn way to the visible fist of government makexs things even morecomplicatedc — and riskier.
And yet, amidstf this unprecedented change in the scope and direction of American fiscal andmonetaryy policy, investors must truly pay attentioj to and take advantags of what could be a long time markedr by volatility and overalkl blandness (and that’s if we’re The “V-shaped” bottom and economic “green shoots” everyone is hopinhg for, and most are investing in, is at best optimistic First, the fiscal mess that’s getting irrevocably The current annual deficit of $1.5 trillion is 10 percent of GDP and it’s growing.
America’s total debt-to-GDP ratio currently stands near 50 percent and that figurwe is scheduled to grow to 100 percenf in five years a level many countries have experienced as the pointf ofno return. These deficits don’g include the huge costs of a coming universalhealth care, and they certainly don’y include Social Security, Medicare and Medicaid — three program s representing a $40-$50 trillion liability in present valu terms.
Economic growth will not likely help especially the lukewarm 2 percent GDPvariett (not the 4 percent kind we’ve been accustomex to) that will accommodate a new era of bigge r government, higher taxes and regulation, and an emphasis on “private/public” partnershipx and income redistribution instead of free market, libertarian capitalismj and growth. Monetary policy is only increasing longer-term riskz to the economy.
The Federal Reservee is not only printing money and lendinyg it for freeto it’s also buying debts of all shapeas and sizes with thosde newly printed dollars, including Treasury bonds at a near $400 billion annuall clip and another $1 trilliom of mortgage-related debt. The U.S. is now “monetizing” thereby adding dollars to a syste m that is already flush with Thesuccess (or failure) of individual investorsw lies in getting right a few “bigger-picture” such as: At what point do investors not just in the U.S. but globally — begimn to believe that lending to anyone in includingthe U.S. government, at low fixeed rates and long maturities, is madness?
In other when does the dollar collapse as China and the othe r Asian saversdecide they’re bettert off diversifying their savings into other assets? This and othee “forest-from-the-trees” questions are perhaps all that matter gointg forward. Without that, looking at whether this 4 perceng bond is worth buying or that stocj at 15 times earnings orthat bank’se CD — is likely a futile if not dangerous If America’s great experiment with borrowing and printing money doesn’t we may be looking at a world of overall lowe r disposable income, permanently lower economic growth and much highefr inflation and interest rate with fewer financiers.
If that time comes, thoswe who bought and sat on equity mutual fundd oreven longer-term bonds will find out that what they thought was was just a figment of a bygones time when the dollar was king, rates and inflation were low, and capitalis was relatively unbridled. By the lookxs of it, that era is over. Perhapsx the only ones who will really make money are those who can pay pounce on fleeting opportunities and embrace the volatilitty of a market that will be brutalto most.
Surely, the fallout from the increasinglty complex, opaque and crookedly engineered dealings out of the financiap sector over the past decad e have made talking about capital marketsa struggle. (I’mm sure that reading aboutf it has beeneven harder). Getting an answed to questionslike “What’s going on the must be something akin to hearing an astrophysicist explain how the universe In both cases, you regret askinhg the question in the firsft place. That Adam Smith’s invisible hand has givenn way to the visible fist of government makexs things even morecomplicatedc — and riskier.
And yet, amidstf this unprecedented change in the scope and direction of American fiscal andmonetaryy policy, investors must truly pay attentioj to and take advantags of what could be a long time markedr by volatility and overalkl blandness (and that’s if we’re The “V-shaped” bottom and economic “green shoots” everyone is hopinhg for, and most are investing in, is at best optimistic First, the fiscal mess that’s getting irrevocably The current annual deficit of $1.5 trillion is 10 percent of GDP and it’s growing.
America’s total debt-to-GDP ratio currently stands near 50 percent and that figurwe is scheduled to grow to 100 percenf in five years a level many countries have experienced as the pointf ofno return. These deficits don’g include the huge costs of a coming universalhealth care, and they certainly don’y include Social Security, Medicare and Medicaid — three program s representing a $40-$50 trillion liability in present valu terms.
Economic growth will not likely help especially the lukewarm 2 percent GDPvariett (not the 4 percent kind we’ve been accustomex to) that will accommodate a new era of bigge r government, higher taxes and regulation, and an emphasis on “private/public” partnershipx and income redistribution instead of free market, libertarian capitalismj and growth. Monetary policy is only increasing longer-term riskz to the economy.
The Federal Reservee is not only printing money and lendinyg it for freeto it’s also buying debts of all shapeas and sizes with thosde newly printed dollars, including Treasury bonds at a near $400 billion annuall clip and another $1 trilliom of mortgage-related debt. The U.S. is now “monetizing” thereby adding dollars to a syste m that is already flush with Thesuccess (or failure) of individual investorsw lies in getting right a few “bigger-picture” such as: At what point do investors not just in the U.S. but globally — begimn to believe that lending to anyone in includingthe U.S. government, at low fixeed rates and long maturities, is madness?
In other when does the dollar collapse as China and the othe r Asian saversdecide they’re bettert off diversifying their savings into other assets? This and othee “forest-from-the-trees” questions are perhaps all that matter gointg forward. Without that, looking at whether this 4 perceng bond is worth buying or that stocj at 15 times earnings orthat bank’se CD — is likely a futile if not dangerous If America’s great experiment with borrowing and printing money doesn’t we may be looking at a world of overall lowe r disposable income, permanently lower economic growth and much highefr inflation and interest rate with fewer financiers.
If that time comes, thoswe who bought and sat on equity mutual fundd oreven longer-term bonds will find out that what they thought was was just a figment of a bygones time when the dollar was king, rates and inflation were low, and capitalis was relatively unbridled. By the lookxs of it, that era is over. Perhapsx the only ones who will really make money are those who can pay pounce on fleeting opportunities and embrace the volatilitty of a market that will be brutalto most.
Tuesday, October 18, 2011
Builder Zaring declares Chapter 11 bankruptcy - Minneapolis / St. Paul Business Journal:
afanasenkobexa.blogspot.com
Zaring’s filing in U.S. Bankruptcy Couryt for the Southern District of Ohio in Cincinnati said he had estimateds assets ofbetween $10 million and $50 million, and debts in the same dollarr range. A list of unsecured creditors includexd a KeyBank claimof $2 million; National City $1.9 million; Fifth Third $268,500; and Anne Zaring, $250,000. The filin did not include a schedule of assets and a statement ofmonthly income, a statement of financialk affairs and other documents requirec under federal bankruptcy law. Zaring has 15 days from the date of his June 26 Chapted 11 petition to file those He is represented by lawyer Richard Nelsonat Todd, Kite & Stanford LLC.
The bankruptcy filing follows the filingv of at least five claims and judgmentsz by various creditors against Zarinbg in Hamilton County courtin June. They resulted from lawsuits filefd against Zaring andrelated entities. They includede the following: • Huntington National Bank vs. Scott Estridge Homews LLC and Allen G. Zaring III, Case #0906248; judgmentt June 29 for $3.4 million. • Huntingtoh National Bank vs. Great Midwest Development LLC andAllen G. Zarinv III, Case #0906247; judgment June 29 for $5.3 • Huntington National Bank vs. Clayton LLC, Allebn G. Zaring III and Andrew C. Case #0906246; judgment June 29 for • National City Bank s/b/m/t Providenft Bank vs.
Allen G. Zaring III, Case #0906008, judgmen June 18 for $1.9 million. KeyBank National Association vs. Allen G. Zaring III, Case judgment June 8 for $2 million. Zaring was one of the Cincinnatik area’s most well-known home builders before selling his Zarinb Homes toDrees Co. in 2001. Several family memberes are also involved in building and developmeng firms inthe area.
Zaring’s filing in U.S. Bankruptcy Couryt for the Southern District of Ohio in Cincinnati said he had estimateds assets ofbetween $10 million and $50 million, and debts in the same dollarr range. A list of unsecured creditors includexd a KeyBank claimof $2 million; National City $1.9 million; Fifth Third $268,500; and Anne Zaring, $250,000. The filin did not include a schedule of assets and a statement ofmonthly income, a statement of financialk affairs and other documents requirec under federal bankruptcy law. Zaring has 15 days from the date of his June 26 Chapted 11 petition to file those He is represented by lawyer Richard Nelsonat Todd, Kite & Stanford LLC.
The bankruptcy filing follows the filingv of at least five claims and judgmentsz by various creditors against Zarinbg in Hamilton County courtin June. They resulted from lawsuits filefd against Zaring andrelated entities. They includede the following: • Huntington National Bank vs. Scott Estridge Homews LLC and Allen G. Zaring III, Case #0906248; judgmentt June 29 for $3.4 million. • Huntingtoh National Bank vs. Great Midwest Development LLC andAllen G. Zarinv III, Case #0906247; judgment June 29 for $5.3 • Huntington National Bank vs. Clayton LLC, Allebn G. Zaring III and Andrew C. Case #0906246; judgment June 29 for • National City Bank s/b/m/t Providenft Bank vs.
Allen G. Zaring III, Case #0906008, judgmen June 18 for $1.9 million. KeyBank National Association vs. Allen G. Zaring III, Case judgment June 8 for $2 million. Zaring was one of the Cincinnatik area’s most well-known home builders before selling his Zarinb Homes toDrees Co. in 2001. Several family memberes are also involved in building and developmeng firms inthe area.
Sunday, October 16, 2011
The sweet taste of social cachet - Sydney Morning Herald
iqukikofor.wordpress.com
Sydney Morning Herald | The sweet taste of social cachet Sydney Morning Herald Not since the 1600s, when coffee shops sprung up throughout London and became the cool new places to visit, has drinking chocolate had such cachet. In those days it was double the price of coffee and a sign of wealth. When a Max Brenner whipped ... |
Friday, October 14, 2011
Giants Are Reportedly Interested in CC Sabathia: A Fan's Take - Yahoo! Sports
judonebolayb1394.blogspot.com
Giants Are Reportedly Interested in CC Sabathia: A Fan's Take Yahoo! Sports Contributor Network 6 hours, 14 minutes ago According to numerous reports, the San Francisco Giants may be interested in New York Yankees' Ace CC Sabathia . He could potentially become a free agent due to an opt-out clause in his contract. ... |
Wednesday, October 12, 2011
Syrian thugs try to intimidate the U.S. media - Washington Post (blog)
xiwyxucupewox.blogspot.com
Sydney Morning Herald | Syrian thugs try to intimidate the U.S. media Washington Post (blog) “In response the regime appears to have waged a systematic â€" sometimes violent â€" campaign to intimidate Syrians overseas into silence.†“This is yet more evidence that the Syrian government will not tolerate legitimate dissent and is prepared to go ... Syria warned not to intimidate opponents abroad Syrians Living Abroad Harassed By Regime Loyalists: Amnesty Report |
Monday, October 10, 2011
Nonprofits brace for budget emergency aftershocks, IOUs - Phoenix Business Journal:
yzirapogyg.wordpress.com
While service providers don’t yet know whether they’lp receive IOUs — or what the amounts will be Sparky Harlan, CEO of the in Santa Clara, is prepared for the worst. “We receive abouf $400,000 in state funding,” Harlan said. “We’rre already accustomed to getting money from the statlate — last year, for it took until December before we finallh got paid.” For this year and last year the center has relied on a $150,000 line of credit througyh to cover the gap, along with $500,000 out of its reservse funds. The center’s operatingf budget is $10 million for fiscal 2009-10.
The money that may be on hold from the state covers, in part, the center’s shelter and drop-in program, street and parenting classes. “Th e problem right now is thatwe don’ft know for certain how much they’re going to hold said Harlan, who has been with the center for 26 years. “But this is by far the worsrt I’ve ever seen.” In anticipation of the state’s budget 10 percent cuts have already been planneffor foster-care payments. Locally therew are 300 to 400 kids infoster care.
Fostee care rates are the same across the so familiesin high-cost areads such as the Bay Area get the same amounrt of compensation as people in more affordable places. “We’r e fronting half a million dollars already,” she said. It’s a layereds problem for the center, since in addition to state money some comes from the federap Housing and UrbanDevelopmeny department. And Harlan said HUD is so slow it can take up to six month s for payments tobe received. “We’re hoping to get paid by she said. “Nonprofits are just gettinyg slammed.
” Harlan said the Bill Wilson Centee has closed down two programxs already and cut about 15 percent of its leaving about110 employees. These are real layoffs, she pointexd out — not attrition or open jobs and “heartbreaking” to do. “We had to give one stafff person a layoff notice and a week later his wife was laid off fromanother nonprofit,” she in Campbell gets abouy $500,000 a year from the state for its AIDS CFO Ira Holtzman said the agenchy is large enough and financiallu stable enough that he would just book an IOU as accountw receivable and hope the money came throughg eventually.
The Health Trust’s budget for fiscal year 2010 is morethan $16 Holtzman said. Pam Brandin, executive director of and Visually Impaired, which has officesx in Palo Alto andSanta Cruz, said that even thougb her agency provides the kind of services that are especialluy at risk in State Controller John Chiang’s plan, the Vista Center is relatively safe. “Wes receive money through Title 7 Chapter2 services,” Brandin explained. “Sincre much of our funding is federalmoney we’rde hoping that it has to be releasecd and passed on; the stats won’t be allowed to hold on to it.” The Vistq Center also has school contracts through special educatiob funding.
“Last year when the state had similar budget issuewswe didn’t receive any IOUs,” she “but that situation was resolves sooner than this appears to be. The agenciesa that receive IOUsprobably won’tt even know they’re coming until they submit their bills.” She’s also banking on Vistaq Center’s status as a preferred vendor with the “so we’ll be paid in advance of otherf vendors — if in fact the statde is even writing checks.” Lisa Hendrickson, president & CEO of Avenidaws Rose Kleiner Senior Day Healtbh Center in Palo Alto, is also cautiouslg optimistic.
“The only funds we receivew from the state are MediCall payments for services provide d at our adult daycare she said. “Our understandingb is that those services are protected by the statr constitution as well asfederal law. We do receivw funding indirectly throughthe county, but we don’t expect that to be Tom Kinoshita, public policy director of the , said people are on pins and “Everyone’s sitting around waiting, not knowing what’sa going to happen. But even with the most optimistioutcome it’s still going to be very ugly.
” He pointed out that the defici t last year for Santa Claras County was more than $270 million, and many of the cuts were made in program around health, mental health, drugsa and alcohol and social services. And there’s no relief on the horizon: For 2011 the county is lookint at a deficit ofabout $250 million, he said.
While service providers don’t yet know whether they’lp receive IOUs — or what the amounts will be Sparky Harlan, CEO of the in Santa Clara, is prepared for the worst. “We receive abouf $400,000 in state funding,” Harlan said. “We’rre already accustomed to getting money from the statlate — last year, for it took until December before we finallh got paid.” For this year and last year the center has relied on a $150,000 line of credit througyh to cover the gap, along with $500,000 out of its reservse funds. The center’s operatingf budget is $10 million for fiscal 2009-10.
The money that may be on hold from the state covers, in part, the center’s shelter and drop-in program, street and parenting classes. “Th e problem right now is thatwe don’ft know for certain how much they’re going to hold said Harlan, who has been with the center for 26 years. “But this is by far the worsrt I’ve ever seen.” In anticipation of the state’s budget 10 percent cuts have already been planneffor foster-care payments. Locally therew are 300 to 400 kids infoster care.
Fostee care rates are the same across the so familiesin high-cost areads such as the Bay Area get the same amounrt of compensation as people in more affordable places. “We’r e fronting half a million dollars already,” she said. It’s a layereds problem for the center, since in addition to state money some comes from the federap Housing and UrbanDevelopmeny department. And Harlan said HUD is so slow it can take up to six month s for payments tobe received. “We’re hoping to get paid by she said. “Nonprofits are just gettinyg slammed.
” Harlan said the Bill Wilson Centee has closed down two programxs already and cut about 15 percent of its leaving about110 employees. These are real layoffs, she pointexd out — not attrition or open jobs and “heartbreaking” to do. “We had to give one stafff person a layoff notice and a week later his wife was laid off fromanother nonprofit,” she in Campbell gets abouy $500,000 a year from the state for its AIDS CFO Ira Holtzman said the agenchy is large enough and financiallu stable enough that he would just book an IOU as accountw receivable and hope the money came throughg eventually.
The Health Trust’s budget for fiscal year 2010 is morethan $16 Holtzman said. Pam Brandin, executive director of and Visually Impaired, which has officesx in Palo Alto andSanta Cruz, said that even thougb her agency provides the kind of services that are especialluy at risk in State Controller John Chiang’s plan, the Vista Center is relatively safe. “Wes receive money through Title 7 Chapter2 services,” Brandin explained. “Sincre much of our funding is federalmoney we’rde hoping that it has to be releasecd and passed on; the stats won’t be allowed to hold on to it.” The Vistq Center also has school contracts through special educatiob funding.
“Last year when the state had similar budget issuewswe didn’t receive any IOUs,” she “but that situation was resolves sooner than this appears to be. The agenciesa that receive IOUsprobably won’tt even know they’re coming until they submit their bills.” She’s also banking on Vistaq Center’s status as a preferred vendor with the “so we’ll be paid in advance of otherf vendors — if in fact the statde is even writing checks.” Lisa Hendrickson, president & CEO of Avenidaws Rose Kleiner Senior Day Healtbh Center in Palo Alto, is also cautiouslg optimistic.
“The only funds we receivew from the state are MediCall payments for services provide d at our adult daycare she said. “Our understandingb is that those services are protected by the statr constitution as well asfederal law. We do receivw funding indirectly throughthe county, but we don’t expect that to be Tom Kinoshita, public policy director of the , said people are on pins and “Everyone’s sitting around waiting, not knowing what’sa going to happen. But even with the most optimistioutcome it’s still going to be very ugly.
” He pointed out that the defici t last year for Santa Claras County was more than $270 million, and many of the cuts were made in program around health, mental health, drugsa and alcohol and social services. And there’s no relief on the horizon: For 2011 the county is lookint at a deficit ofabout $250 million, he said.
Friday, October 7, 2011
Modest burst of hiring in US - Sydney Morning Herald
http://www.nukehowto.com/faq/57.html
ABC News | Modest burst of hiring in US Sydney Morning Herald US employers added 103000 jobs in September, a modest burst of hiring after a sluggish summer. Still, job growth remains too weak to lower the unemployment rate, which stayed at 9.1 per cent for the third straight month. The Labour Department also said ... Sept: Employers Likely Added Few Jobs 58000 new jobs added in September. Yay? US economy adds 103000 jobs last month |
Wednesday, October 5, 2011
Two law firms merge - The Business Review (Albany):
http://best-go.org/?f=0&n=2
law firm has merged with the ofSaratogas Springs. The merged firm will operate under the TullyRinckeyh name. It is Tulluy Rinckey’s first merger. The deal expands Tully Rinckey’s practic e into Saratoga County. The firm also has an offics in Washington, D.C. The Fletcher Law Firm has two attorneys, Elizabethh Fairbanks-Fletcher and Meghan Marinello. The five-year-old firm had abouf $500,000 in revenue last year. Both will join Tull y Rinckey, which has 24 full-tim attorneys and revenue of about $7 million. Mathew founding partner of Tully Rinckey, said the deal was in the workxs for aboutthree months, when his firm contacted Fairbanks-Fletcher.
“Ww communicate routinely with other attorney s that we think are upand coming,” Tullhy said. “We reached out to her—unsolicited—abouft some of the positives ofour firm.” He said the Fletchere Law Firm was attractive because its focus is consumer credit issues and tax debt relieff law. “What we like is an attorney who does one practicw area and does itrather well,” Tullyg said. “We try and pick attorneyds who only do one Shedoes bankruptcy. We didn’ft want someone who does bankruptcies in the wills in the afternoomn and divorcesat night.
“ He said bankruptcies are one of two areasa that he believes Tulluy Rinckeywas missing. The immigration law, he expectds to address in thenear future. Fairbanks-Fletcher will join the firm as a seniorf associate and Marinello asan “We are delighted to be joining such a well-establishec and experienced team,” said
law firm has merged with the ofSaratogas Springs. The merged firm will operate under the TullyRinckeyh name. It is Tulluy Rinckey’s first merger. The deal expands Tully Rinckey’s practic e into Saratoga County. The firm also has an offics in Washington, D.C. The Fletcher Law Firm has two attorneys, Elizabethh Fairbanks-Fletcher and Meghan Marinello. The five-year-old firm had abouf $500,000 in revenue last year. Both will join Tull y Rinckey, which has 24 full-tim attorneys and revenue of about $7 million. Mathew founding partner of Tully Rinckey, said the deal was in the workxs for aboutthree months, when his firm contacted Fairbanks-Fletcher.
“Ww communicate routinely with other attorney s that we think are upand coming,” Tullhy said. “We reached out to her—unsolicited—abouft some of the positives ofour firm.” He said the Fletchere Law Firm was attractive because its focus is consumer credit issues and tax debt relieff law. “What we like is an attorney who does one practicw area and does itrather well,” Tullyg said. “We try and pick attorneyds who only do one Shedoes bankruptcy. We didn’ft want someone who does bankruptcies in the wills in the afternoomn and divorcesat night.
“ He said bankruptcies are one of two areasa that he believes Tulluy Rinckeywas missing. The immigration law, he expectds to address in thenear future. Fairbanks-Fletcher will join the firm as a seniorf associate and Marinello asan “We are delighted to be joining such a well-establishec and experienced team,” said
Monday, October 3, 2011
Magazine shifts editorial focus, adds
aplecheevlgupy.blogspot.com
Fashion reporters and photographers will scout for people at events and on the streetd and beachesof Oahu, and photoes of six selected people will appear dailyh on the Web site, together with detailsa of what they are wearing. The concept is part of the new editorialk focus and redesignof , an onlinee lifestyle publication that first launched in Aprill 2008. “Our new goal is to define a distincy Hawaii style and develop acommunityg that’s passionate about that style,” said Malie founder and editorial director, and one of a half-dozen stafff members.
The magazine’s eventual goal is to tap into thevisitor “When people come to they want to see what people are Moran said. Hawaii RED’s new street-fashion focud was inspired by a number of internationalWeb “Style Arena” by the features snapshots and interviews with style-conscious pedestrianse in the Shibuya, Harajuku and Ginz a neighborhoods of Tokyo. “Hel Looks” finds people in the streetws and clubsof Helsinki, Finland. Streett fashion is just one component ofHawaij RED’s launch, however.
The magazine’s new editorial focus increased the frequency of stories from monthly to weekly andincludews blogs, videos and links to social-networking A story in the June 1 “Homeless In Love,” follows two fashiojn models who give up their careerss to live together on Oahu, even if it meanes being homeless. Another story profiles Hawaii’s nightlife bloggers and photographers. The new format is expected to surpasethe magazine’s existing 200,000 hits and 6,000 uniqus visitors a month. In addition, the new Web site itsel will beon WordPress, an open-sourcew platform favored by some in the online publishing industry.
“The old approach was to create one site and do everythingon it,” said Aaron Yoshino, Hawaii RED’s site designer. “Successful sites are successfulo because they take existing information and blast it out over a buncyhof platforms.” Sites that don’t use multiple platforms run the risk of losint their audience, said Yoshino, who has worked on urbann lifestyle e-zines such as Giant Robot and Hawaii RED’s new format comes as Hawaii’w fashion and lifestyle magazines juggls — and sometimes struggle — with onlinw and print identities amid the economic downturn.
SMART a women’s fashion, lifestyle and beauty printy publication, circulation 10,000, folded in January due to lack of four years after its Hawaii RED’s founders are fully awarre of the economic downturn’s impact on business and have positioned themselvees to grow modestly this year through advertising and partnerships. Banner ads on the new site’xs home page are $550. Feature-story banner ads are Advertising also will be integratedthroughout videos, Moran said. The magazinde also is a co-organizer of NightMarket @Alohaq Tower monthly events featurinh fashion, cuisine, arts and crafts.
Fashion reporters and photographers will scout for people at events and on the streetd and beachesof Oahu, and photoes of six selected people will appear dailyh on the Web site, together with detailsa of what they are wearing. The concept is part of the new editorialk focus and redesignof , an onlinee lifestyle publication that first launched in Aprill 2008. “Our new goal is to define a distincy Hawaii style and develop acommunityg that’s passionate about that style,” said Malie founder and editorial director, and one of a half-dozen stafff members.
The magazine’s eventual goal is to tap into thevisitor “When people come to they want to see what people are Moran said. Hawaii RED’s new street-fashion focud was inspired by a number of internationalWeb “Style Arena” by the features snapshots and interviews with style-conscious pedestrianse in the Shibuya, Harajuku and Ginz a neighborhoods of Tokyo. “Hel Looks” finds people in the streetws and clubsof Helsinki, Finland. Streett fashion is just one component ofHawaij RED’s launch, however.
The magazine’s new editorial focus increased the frequency of stories from monthly to weekly andincludews blogs, videos and links to social-networking A story in the June 1 “Homeless In Love,” follows two fashiojn models who give up their careerss to live together on Oahu, even if it meanes being homeless. Another story profiles Hawaii’s nightlife bloggers and photographers. The new format is expected to surpasethe magazine’s existing 200,000 hits and 6,000 uniqus visitors a month. In addition, the new Web site itsel will beon WordPress, an open-sourcew platform favored by some in the online publishing industry.
“The old approach was to create one site and do everythingon it,” said Aaron Yoshino, Hawaii RED’s site designer. “Successful sites are successfulo because they take existing information and blast it out over a buncyhof platforms.” Sites that don’t use multiple platforms run the risk of losint their audience, said Yoshino, who has worked on urbann lifestyle e-zines such as Giant Robot and Hawaii RED’s new format comes as Hawaii’w fashion and lifestyle magazines juggls — and sometimes struggle — with onlinw and print identities amid the economic downturn.
SMART a women’s fashion, lifestyle and beauty printy publication, circulation 10,000, folded in January due to lack of four years after its Hawaii RED’s founders are fully awarre of the economic downturn’s impact on business and have positioned themselvees to grow modestly this year through advertising and partnerships. Banner ads on the new site’xs home page are $550. Feature-story banner ads are Advertising also will be integratedthroughout videos, Moran said. The magazinde also is a co-organizer of NightMarket @Alohaq Tower monthly events featurinh fashion, cuisine, arts and crafts.
Saturday, October 1, 2011
Anticorporate Music Personified, In Close-Up, on an Intimate Stage - New York Times
qiguzewy.wordpress.com
New York Daily News | Anticorporate Music Personified, In Close-Up, on an Intimate Stage New York Times Thom Yorke led Radiohead Wednesday evening at the Roseland B » |
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