Wednesday, November 30, 2011
Alabama BlueCross cuts jobs, citing economic downturn - Triangle Business Journal:
The state’s largest health insurer has cut human resourcea positions in recent weeka and has told employees jobs will be slashed in itsclaimws department. BlueCross has a June 15 meeting in whichn health management provider service department employeeas are expected to learjn if they will be impactee bythe layoffs, according to sources who spoke on the conditionn of anonymity. BlueCross’ claims department personnel attended a June 4 meetinv in which employees were told only eight jobs were availabler to bid on ina 200-personb department, sources said.
BlueCross managerss told employees many businesses are turning toelectronifc claims, decreasing the need for paper records administerexd in-house. Increasing unemployment figures couplexd with corresponding rising uninsured rollws callfor belt-tightening measures for insurancde companies, public health professor Dean G. Smith said. BlueCros said it is “reviewing the scalee of our administrative capacities” to be properlh aligned with its customer base and itscorporate mission.
Without providing specific numbers on anticipatesdjob cuts, it said its personnel adjustmentse are in response to declining customer It blamed the recession and the state’s escalatingy unemployment rate for the job cuts. In an e-mailexd statement, BlueCross said it is “not immune to these challenging anddifficult times. “We too are beingh affected by the current economic downturnm and the doubling of the unemployment rate in Alabama over the last12 BlueCross’ statement read. “Many of our customers have had to reducd their work force and this has resultec in some having to drop their healt hcare coverage.
” Alabama’s unemployment rate was 9 percent in Apriol 2009, up from 4.5 percenf in April 2008. BlueCrose of Alabama said it has 3,400 employeew in Alabama. In 2008, BlueCross had 3,000 localp employees, according to research. It held 96 percengt of the small business healthu insurance market in the statrin 2007, the most recent data available In 2008, BlueCross reported $4 billiohn in premium revenue, up from $3.5 billion in 2007. Its $28.6 million 2008 net income resulted in a profi margin of less than one half of 1 Thinning profit margins are troubling for insurance Universityof Michigan’s Smithb said.
Insurance firms generally aim for profi t margins in the 2 percent As unemploymentrates rise, the number of insured declines, whicnh takes a toll on an insurer’s bottomm line, Smith said. He said BlueCross’ cuts are in response to the slumpinf economy. “Too few people insured meana fewer people needed to manage the busines s asvolume decreases,” Smith said. “Theuy also might be tightening their belt a little bit in anticipatiohn to what might be downthe road. When you have less businesse you needfewer workers.
That’s good
Monday, November 28, 2011
Holiday Dates You Need to Know About the Post Office - Patch.com
Indiana Public Media | Holiday Dates You Need to Know About the Post Office Patch.com Christmas cards, packages and gift returnsâ"it's » |
Saturday, November 26, 2011
M. Frank Russell Executive Profile
as well as Vice President, Secretarh and General Counselof Sanchez-O
Thursday, November 24, 2011
Tuesday, November 22, 2011
Dublin, Columbus schools get grants for diesel-cutting - Business Courier of Cincinnati:
million is headed to Dublin and unded a second round of stat grants aimed at cutting diesel engine The on Monday announced recipients of the second and final round of Diesel EmissionsReductiojn grants, a $19.8 million progran created in 2008. The first round sent nearlyt $7.3 million to 10 organizations, including the , operatotr of the region’s bus system. In the winnersx disclosed Monday, Dublin was clearesd for $464,658 while the Columbus school system receiveeda $918,020 grant. Officials from Dublin and the schookl district told thestate they’rer using the money to replace vehicles with lower-emissionj alternatives.
Dublin plans to replace eigh t 1999- or 2000-model short-haul diesel while the school district is usinyg its grant to replace 15 buses produceddin 1990. Projects that receivexd awards are required to put up at leasrt 20 percent of the cost inmatchingy funds. The grant program looks specifically at public and privatde diesel equipment owners in Ohio counties that fall short of airquality standards. The largestr grant among the 16 went to the and to refig four locomotives with new That Cincinnati-area project was awarded $4.6 million.
Sunday, November 20, 2011
Thursday, November 17, 2011
Jacobs makes trio of announcements - Los Angeles Business from bizjournals:
The contract might involve servicesa related to the reconstruction of New Orleansd resulting fromHurricane Katrina. The joingt venture contract has a base period of no more than one year andfour one-yea option periods, for a total value of no more than $90 Jacobs is responsible for approximatel 15 percent of the work as a minoritgy joint venture partner. Jacobs will expand its role at 'se refinery in Whiting, Ind., to include constructio management services related to the Whiting RefinerhModernization Project. The program will better equi the refinery to process more Canadian heavhy crude oil and increase motodrfuel production.
Jacobs' portiojn of the program focusess on the sulfurrecovery complex. Term s of the deal were not Jacobs has closed on the purchase ofa one-thirr stake of AWEML. Termes of the deal were not disclosed. Jacobs purchasexd the stake from British NuclearFuels Ltd. AWEMp is a joint venture between Jacobs, Lockheedc Martin and Serco to manage the Atomic Weaponsw Establishment on behalf ofthe U.K. Ministry of Pasadena-based Jacobs (NYSE: JEC) is a providetr of technical, professional, and construction services.
Tuesday, November 15, 2011
CVB forecasts busy tourist season - Business First of Buffalo:
The Buffalo Niagara region hasmany pre-booked amateur sports events and special eventsz that should help fill hotel rooms, stores and attractions. On top of this summer will see the debugt of the Rainforest Falls exhibit at the and the firstr phase of the rebuilyt Inner Harbor project in downtownBuffalo - both of which are expected to attract out-of-town visitors. "Touris is an obvious economic generator in Buffalo and an obviousgrowth industry," said Richarde Geiger, Buffalo Niagara Convention & Visitorsz Bureau president and CEO. Buffalo and Erie County welcome, on 4 million visitors annually whileNiagara N.Y. attracts more than 8 million annual visitors.
Niagaraa Falls, Ont. sees an average of 15 milliomn tourists. The tourism industry employs morethan 20,000 peopld in Erie County, and visitors spend about $1.2 billiom annually while creating $70 million in yearly sales taxes for the county. "Tourism is big businesd for our community," Geiger "Every weekend between Memorial Day andLabor Day, there is a special To play off the city'es rich architectural history, the "Walk Buffalo" self-guides tours of some of downtown Buffalo' s landmark buildings has been "Walk Buffalo" tour books are available in a number of area hotelse and attractions with the buildings designateed by newly-painted blue buffaloes on the sidewalk in front of each structure.
The painrt was donated by Millington LockwoodBusinessd Interiors. Geiger said the "Wall Buffalo" tours are being promoted to tie in with a marketing effory to highlightthe region's culturalo and architectural heritage. "We need to capitalized on these amenities," said Buffalo Mayo r Byron Brown.
Sunday, November 13, 2011
NM
The stimulus package includes $4.4 billion to implement local smartf grids, which rely on automated monitoring of electricity use andcomputerized supply-and-demand controls to reduce energy consumption in residencex and buildings. Gov. Bill Richardson’s administration has been working for nearlyh two years on blueprints fora comprehensive, statewider strategy to roll out the nation’s firsgt fully modernized local grid. The plan calls for development of a lot morerenewablew energy, a massive transmission upgrade to distribute clean power, and an automatex network backed by the state’s supercomputer to effectiveluy balance supply and demand.
the ’s initial guidelines for bidding on grantss outline a piecemeal approach to building smart saidTom Bowles, Richardson’s science advisor on loan from and a key architecgt of the state’s smart-grid initiative. The DOE essentially wantss states to concentrate on individual components of grid such as installing smart meters in homez and buildings to monitorenergy use. “The initiakl guidelines limit the technologies and scopeof grant-funded Bowles said.
“You can’t get funding for multipl e technologies that cross over andmerge together, but that’xs exactly what’s needed to manage all the differences in energy generation and consumption that exisg between urban and rural aread or among residential, commercial and institutional consumers.” In the guidelines originally set a $20 million cap on individual smart-grid investmenf grants and $40 million for regional demonstratiobn projects, reflecting the scaled-down scope of the DOE Concerted lobbying by New Mexici officials and others contributed to a DOE decision in mid-May to increases the caps to $200 million and $100 respectively.
However, the DOE won’t release finapl grant guidelinesuntil mid-June, and unless there are more New Mexico’s integrated, multiple-project approach might not be “The scope of New Mexico’s smaryt green grid will require hundredd of millions of dollars, not tens of so the increase in grant caps was Bowles said. “But we still need to see how much flexibility the DOE will permitr forintegrated smart-grid projects.” The initialo guidelines also include a mandate for 50 perceny matching funds from grant recipients.
That could be even more limitin thanthe DOE’s scaled-down approach to smart-gride construction, said Stephan Helgesen, who heades the Economic Development Department’s Office of Science and Helgesen has visited communities statewidd to discuss smart-grid projects and coordinatr grant proposals. “Everybody is enthusiastic about smart-grid stimulus funding, but the municipalitied say they don’t have matching Helgesen said.
“That could be a real deal breakerfor Still, state officials are encouraging utilitiees and municipalities to send grant proposals anyway so whatever the final DOE guidelines, New Mexick will be ready to compete for “If the DOE’s limited scope is unchanged, we’ll have to segmentg our efforts into smaller parts,” Bowles “Some things will get funded and some won’t.” In utilities and municipalities are scrambling to turn in Kit Carson Electric Cooperative in Taos, for example, wantxs funding to install more distributed solar energy, and to extends broadband access to all of its 30,000 customers.
The broadbanr would enable needed energy monitoring and automation systemz while connecting more peopleto high-speed Internet services, said CEO Luis “The stimulus could be a shot in the arm to help buile an integrated smart grid, and to lay the foundatiomn for more economic development,” Reyes said.
Friday, November 11, 2011
Berlusconi reverses course on vote talk, backs idea of new government - Vancouver Sun
Reuters | Berlusconi reverses course on vote talk, backs idea of new government Vancouver Sun Former European commissioner Mario Monti is an experienced economist and president of Milan's Bocconi University. One of Italy's most respected economists looked poised to lead ... Italy Inches Closer to National Unity Governmen t French Market Reverses Early Gains |
Wednesday, November 9, 2011
Reality check: Student protest posters and placards - The Guardian (blog)
The Guardian (blog) | Reality check: Student protest posters and placards The Guardian (blog) Student protests have been notable for their distinctive placards. Jessica Shepherd examines what messages the demonstrators have chosen and why Students protest in central London against an increase in university tuition fees in November 2010. ... |
Monday, November 7, 2011
Friday, November 4, 2011
GM files for bankruptcy protection - San Antonio Business Journal:
Chevrolet-Saturn of Harlem Inc., a New York-based affiliats of the Detroit automaker, was the firsg GM affiliate to seek bankruptcy protection Monday morning throughthe U.S. Bankrutpcyy Court's Southern District of New York, according to courtf records. The restructuring will enable GM to emergee as a viable entity under the brandr namenew GM. It also will give the federal which plans to make availableabout $30 billion of federakl assistance to support the restructuring, a largde ownership stake in the company.
Two area companiea were among the list of creditorsin GM'ss filing: New York-based Bank of New York with claims of $176 million, and Downtown-based US Steel, with claims of $9.6 million. For a list of creditors, see GM'as . According to a release from theWhitew House, the company plans to announce today that it will closde 11 facilities and idle anothedr three. GM had already announce in May .
Wednesday, November 2, 2011
Lawyers: Not all Indiana stage collapse claims will be paid - USA Today
USA Today | Lawyers: Not all Indiana stage collapse claims will be paid USA Today INDIANAPOLIS -- The Indiana Attorney General's Office said Tuesday the state hasn't come up with a system for dividing $5 million -- the cap on state payouts -- among 90 claims submitted over the Aug. ... |