Children's Hospital Los Angeles Supports Supreme Court Ruling upholding the ... MarketWatch (press release) "This is great news to Children's Hospital Los Angeles because the ruling in support of the Affordable Care Act (ACA) allows health care benefits for children to continue and ensures their well-being," says Richard D. Cordova, FACHE, president and CEO ... |
Saturday, June 30, 2012
Children's Hospital Los Angeles Supports Supreme Court Ruling upholding the ... - MarketWatch (press release)
grigoriynirim.blogspot.com
Friday, June 29, 2012
Book Talk: Former Peace Corp volunteer finds Africa changed - Chicago Tribune
hyperwave-exhausted.blogspot.com
Moneycontrol.com | Book Talk: Former Peace Corp volunteer finds Africa changed Chicago Tribune NEW YORK (Reuters) - A former Peace Corps volunteer who views his time in Malawi in the 1960s as the highlight of his life goes back when his marriage falters, only to find the southern African country he remembers has unraveled through poverty and ... Ex-Peace Corps volunteer from Conn. pleads guilty to sexu » |
Wednesday, June 27, 2012
Florida Laws that take effect July 1 designed to help developers - Jacksonville Business Journal:
hundleyobajoji1908.blogspot.com
Four new state billw will go into effect July 1 that will impact the real estated developmentindustry — exempting densely populated communitieas from certain processes, expediting some permitting diminishing the standard of proof and shiftint the burden of proofg off the developer. Another bill was approver during the 2009legislative session, but must be put on a ballo t for final approval. Bob Rhodes, an attorneu at , said the state Legislature has deferred strategix money matters to take a tactical stancer on stimulating the economy by helping the commerciaol realestate industry.
“The states Legislature is trying to give the building community encouragemenft tocontinue building,” Rhodes said. It is “tryin g to prime the economic pump for thebuilding community.”
Four new state billw will go into effect July 1 that will impact the real estated developmentindustry — exempting densely populated communitieas from certain processes, expediting some permitting diminishing the standard of proof and shiftint the burden of proofg off the developer. Another bill was approver during the 2009legislative session, but must be put on a ballo t for final approval. Bob Rhodes, an attorneu at , said the state Legislature has deferred strategix money matters to take a tactical stancer on stimulating the economy by helping the commerciaol realestate industry.
“The states Legislature is trying to give the building community encouragemenft tocontinue building,” Rhodes said. It is “tryin g to prime the economic pump for thebuilding community.”
Tuesday, June 26, 2012
Study: Parents saving more for college - Pittsburgh Business Times:
lehoquvuhu.wordpress.com
The study comes as Sallir Mae launched a new module to its freeonlin tool, the Education Investment Planner, to help families develoop a save-for-college plan, based on their children’ws age and the type of college they may be likelyh to attend. The study also finds that parentsw use a variety of methods to savefor college, but many are missinv the tax-advantage opportunities available for college savings such as 529 colleger savings plans, are not contributing automatically, and are not usin g a rewards program to earn additionall savings for college.
The study comes as Sallir Mae launched a new module to its freeonlin tool, the Education Investment Planner, to help families develoop a save-for-college plan, based on their children’ws age and the type of college they may be likelyh to attend. The study also finds that parentsw use a variety of methods to savefor college, but many are missinv the tax-advantage opportunities available for college savings such as 529 colleger savings plans, are not contributing automatically, and are not usin g a rewards program to earn additionall savings for college.
Sunday, June 24, 2012
- Orlando Business Journal:
ovaluleq.wordpress.com
U.S. District Judge Anne C. Conway grantesd a summary judgmentto E. J. Winery, which argued the minima l and brief useof Lamarr's image couldd not be considered an endorsement or sponsorship by Conway also awarded the winery costs that could exceed $100,000. Clean sweep. Insurance Commissioner Bill Nelsohn and Statewide Prosecutor Melanie Hines have broughtf charges against 22 people who allegedly stager more than two dozehn automobile accidents in the Tampaa Bay area and bilked insurance companies of atleast $200,000.
The suspects -- 19 from the Tampsa Bay area and three from Dade County -- face charges of grand theft and insuranc fraud for collecting on allegedly fraudulent personalk injury protection claims. • Remedial detour. The only road some offendingf Florida drivers will need to travel to their trafficd safety school is theinformation superhighway, thankes to an Orlando company. State highway officialsz have approved allowing drivers to take theifremedial drivers' education programs via the using a computer course developed by Absolute Traffic Academy of Orlando. • Disneyt stand-off ends.
An armed man who held his 4-year-old son and a room servicew waiter hostage at a Walt Disney Worlx hotel for 11 hourasurrendered peaceably. Bismark Rodriguez, 39, released the hostages unharmerand surrendered. • Vistana: Out with the old, in with the new. , the Orlando-based vacation ownership division of StarwooedHotels & Resorts Worldwide Inc. has broughtt industry veteran David Broderick on board as senior vice presidenf of salesand marketing. in Augusrt 2000. Prior to joining Vistana, Brodericm was with Marriott VacationClub International. In relater news, Vistana executives Don Dubin, Ron Sharp and David Brucer will retire during the fourth quartert ofthis year.
They founded the time share company whichu later was acquiredby • AirTran, TWA call off AirTran Holdings Inc. ended its merger talke with Trans WorldAirlines Inc., confirms a spokesman for the Orlando-based discountf air carrier. A spokeswoman for St. Louis-based TWA declined immediate • Flying high in Sanford. For the fifthy straight month this Orlando Sanford International Airport posted records breaking monthly domestictraffic figures. During the month of May, domestif passenger counts increased 146 percent over the same periodlast Year-to-date, the airport has processed almost 77,000 domestifc passengers. Extreme football.
The XFL is The new professional footballleague co-ownedx by World Wrestling Federation and NBC announcer that Orlando is one of eightt cities hosting one of the new league's teams. Play begins on Feb. 3 of next The team's general manager is Tom Veit, formerly with the socce team. • New deal. The Orlando Magivc offered Grant Hill of the Detroit Pistonsa six-year, $67.5 million contract. According to published Hill and his wife were houswe hunting in Orlando betwee meetings withMagic • With honors. The Federal Emergency Managemen Agency and BellSouth honored InternationalSpeedway Corp.
and the Dayton International Speedway at the 2000 Pepsi 400 for its role inCentrao Florida's wildfires in 1998. The wildfiress prompted Daytona International president John Graham to postponwe the Pepsi 400from it's traditionao running on the 4th of July, and offer the speedwa y as an operations centeer to assist with forfeiting efforts in Volusia and Flagler counties. Speedway EMS and fire crews foughtg fires acrosscentral Florida, and the speedway operaterd a shelter to help feed and care for evacuated families. Sun shines on golf.
Sunshine Network just starterd a new monthly series offeringa behind-the-scenes look at some of Florida'sx most challenging golf courses, as well as features and tips for Florida Mercedes-Benz Florida Golf Scene now beamsa into 5.2 million homes on Sunshine Networlk in Florida, with Andrew Monaco as host. The series is being produced bySummertime Communications, a division of Jamisojn Golf Group, a golf marketing and media company. Clay away. Disney's Wide World of Sports comple x has decided to discontinue hostingthe U.S. Men's Clay Court which it has hosted for the pastfour years.
"Whilre the event played a majotr role in increasing overall awareness of oursportw complex, we have decided to focus our efforts on amateu and other exhibition-oriented programs," says Reggie vice president of Disneh Sports Attractions. • One more anchor. FOX Sports Net Florida just adderd anew co-anchor for the 11 p.m. Regionak Sports Report, which debuts July 17. Keitj Lebowitz, an Emmy Award-winning sports journalist, will join anchot Ned Smith during week-night editions of the The 11 p.m.
Regional Sports Report, whicyh will offer a comprehensive look at the worlcd of sports from aFlorida perspective, will be broadcas live from the FOX Sportxs Net's broadcast center in Dallas, where the anchorw will be based. All the reportin g and news gathering will be done locally in Floridq by bureaus throughoutthe state. Digital divide. The Tribune Co., corporate parengt to The Orlando Sentinel, sold its 20 percent stakes in local entertainment guide DigitalCity Inc. to America Onlinr Inc. for an undisclosedc amount. Digital City was foundedc by AOL and Tribunein 1996. In the joint venture's Web site now will be majority-ownedf and completely managed by AOL.
The Orlando Sentinep still is expected to providwelocal content. • Wellness changes. Complete Wellnes Centers Inc. filled a seat on its boare of directors and reshuffled somemanagement positions. Russell M. executive vice president of ExecutiveTransitions International, will fill a vacancy on the board. CEO Joseph J. Jr. will assume the post of chier financial officer previously held by Rebecca who resigned. • Branching out. Olive Gardenb launched a new Web tuscany. olivegarden.com.
The Web site's debut coincidee with new menu items, the result of a partnershipo with the Culinary Institute of Tuscanty andthe Zingarelli's, an Italian family who owns and operates the Rocca delle Macie winery, one of Italy's leading producers of Tuscanj wines. The Web site offers descriptions of Tuscan winezs availablefor sale.
U.S. District Judge Anne C. Conway grantesd a summary judgmentto E. J. Winery, which argued the minima l and brief useof Lamarr's image couldd not be considered an endorsement or sponsorship by Conway also awarded the winery costs that could exceed $100,000. Clean sweep. Insurance Commissioner Bill Nelsohn and Statewide Prosecutor Melanie Hines have broughtf charges against 22 people who allegedly stager more than two dozehn automobile accidents in the Tampaa Bay area and bilked insurance companies of atleast $200,000.
The suspects -- 19 from the Tampsa Bay area and three from Dade County -- face charges of grand theft and insuranc fraud for collecting on allegedly fraudulent personalk injury protection claims. • Remedial detour. The only road some offendingf Florida drivers will need to travel to their trafficd safety school is theinformation superhighway, thankes to an Orlando company. State highway officialsz have approved allowing drivers to take theifremedial drivers' education programs via the using a computer course developed by Absolute Traffic Academy of Orlando. • Disneyt stand-off ends.
An armed man who held his 4-year-old son and a room servicew waiter hostage at a Walt Disney Worlx hotel for 11 hourasurrendered peaceably. Bismark Rodriguez, 39, released the hostages unharmerand surrendered. • Vistana: Out with the old, in with the new. , the Orlando-based vacation ownership division of StarwooedHotels & Resorts Worldwide Inc. has broughtt industry veteran David Broderick on board as senior vice presidenf of salesand marketing. in Augusrt 2000. Prior to joining Vistana, Brodericm was with Marriott VacationClub International. In relater news, Vistana executives Don Dubin, Ron Sharp and David Brucer will retire during the fourth quartert ofthis year.
They founded the time share company whichu later was acquiredby • AirTran, TWA call off AirTran Holdings Inc. ended its merger talke with Trans WorldAirlines Inc., confirms a spokesman for the Orlando-based discountf air carrier. A spokeswoman for St. Louis-based TWA declined immediate • Flying high in Sanford. For the fifthy straight month this Orlando Sanford International Airport posted records breaking monthly domestictraffic figures. During the month of May, domestif passenger counts increased 146 percent over the same periodlast Year-to-date, the airport has processed almost 77,000 domestifc passengers. Extreme football.
The XFL is The new professional footballleague co-ownedx by World Wrestling Federation and NBC announcer that Orlando is one of eightt cities hosting one of the new league's teams. Play begins on Feb. 3 of next The team's general manager is Tom Veit, formerly with the socce team. • New deal. The Orlando Magivc offered Grant Hill of the Detroit Pistonsa six-year, $67.5 million contract. According to published Hill and his wife were houswe hunting in Orlando betwee meetings withMagic • With honors. The Federal Emergency Managemen Agency and BellSouth honored InternationalSpeedway Corp.
and the Dayton International Speedway at the 2000 Pepsi 400 for its role inCentrao Florida's wildfires in 1998. The wildfiress prompted Daytona International president John Graham to postponwe the Pepsi 400from it's traditionao running on the 4th of July, and offer the speedwa y as an operations centeer to assist with forfeiting efforts in Volusia and Flagler counties. Speedway EMS and fire crews foughtg fires acrosscentral Florida, and the speedway operaterd a shelter to help feed and care for evacuated families. Sun shines on golf.
Sunshine Network just starterd a new monthly series offeringa behind-the-scenes look at some of Florida'sx most challenging golf courses, as well as features and tips for Florida Mercedes-Benz Florida Golf Scene now beamsa into 5.2 million homes on Sunshine Networlk in Florida, with Andrew Monaco as host. The series is being produced bySummertime Communications, a division of Jamisojn Golf Group, a golf marketing and media company. Clay away. Disney's Wide World of Sports comple x has decided to discontinue hostingthe U.S. Men's Clay Court which it has hosted for the pastfour years.
"Whilre the event played a majotr role in increasing overall awareness of oursportw complex, we have decided to focus our efforts on amateu and other exhibition-oriented programs," says Reggie vice president of Disneh Sports Attractions. • One more anchor. FOX Sports Net Florida just adderd anew co-anchor for the 11 p.m. Regionak Sports Report, which debuts July 17. Keitj Lebowitz, an Emmy Award-winning sports journalist, will join anchot Ned Smith during week-night editions of the The 11 p.m.
Regional Sports Report, whicyh will offer a comprehensive look at the worlcd of sports from aFlorida perspective, will be broadcas live from the FOX Sportxs Net's broadcast center in Dallas, where the anchorw will be based. All the reportin g and news gathering will be done locally in Floridq by bureaus throughoutthe state. Digital divide. The Tribune Co., corporate parengt to The Orlando Sentinel, sold its 20 percent stakes in local entertainment guide DigitalCity Inc. to America Onlinr Inc. for an undisclosedc amount. Digital City was foundedc by AOL and Tribunein 1996. In the joint venture's Web site now will be majority-ownedf and completely managed by AOL.
The Orlando Sentinep still is expected to providwelocal content. • Wellness changes. Complete Wellnes Centers Inc. filled a seat on its boare of directors and reshuffled somemanagement positions. Russell M. executive vice president of ExecutiveTransitions International, will fill a vacancy on the board. CEO Joseph J. Jr. will assume the post of chier financial officer previously held by Rebecca who resigned. • Branching out. Olive Gardenb launched a new Web tuscany. olivegarden.com.
The Web site's debut coincidee with new menu items, the result of a partnershipo with the Culinary Institute of Tuscanty andthe Zingarelli's, an Italian family who owns and operates the Rocca delle Macie winery, one of Italy's leading producers of Tuscanj wines. The Web site offers descriptions of Tuscan winezs availablefor sale.
Saturday, June 23, 2012
Schools enhance education for would-be entrepreneurs - The Business Journal of Milwaukee:
iqukikofor.wordpress.com
“The demand has been tremendouse forentrepreneurship education,” said Tim director of the Kohler Center for Entrepreneurship in ’s Colleges of Business Administration. Starting in fall, Marquettre University will launch a certificate program in entrepreneurshipp through its Graduate Schoollof Management. The progran is designed to instil entrepreneurial thinking in many disciplines with the aim of teaching students the skills they need to creatre abusiness — innovation, entrepreneurship and business knowledge developed within a context of social responsibility, Keanee said.
Developing skills around entrepreneurship and innovatiojn are crucial to the succesxs of allcollege graduates, not just thosee who have studied business, he said. Marquette’zs certificate program in entrepreneurship is open to anyone with anundergraduater degree, regardless of course of “Without access by all students, it wouldd be missing the point,” Keane said of the certificatee program. The program will focusx on the best practices ofsuccessful start-u p businesses. Courses can be applied towarcd earninga master’s degrede in business administration.
Marquette expects to acceptt 10 students into the program for theinitial “More and more people realize that some or all of their careers will be spent at small companies,” he said. Certificates students will take 15 to 16 hourss of courseworkat Marquette, includin g three core entrepreneurship courses and two elective coursess in a professional area such as business or Students must also complete a business plan, and it is expectee that most students will participate in the Kohler Center for Entrepreneurship’s annual business plan The application of entrepreneurial skills is even more criticalo in a recession, Keane added.
“Businesses of all sizes are beginninhg to understand the value of tryinghnew things,” he said. The severity of the recessiob has some students looking more carefully at developinvgentrepreneurial skills, said Dan Olszewski, director of the at the . “Eveb in a lousy good ideas are successful,” Olszewski said. “Very successful companiew have gotten started in a weak economyh and some have even been started because of a weak The Universityof Wisconsin-Madison has offered an entrepreneurship progranm since 1987. “We were offering small businesd classes evenbefore that. We were one of the earlh universities involved in Olszewski said.
The Weinerf Center program involves courses in entrepreneurship and other relatede topics in preparation for roles as busines ownersand managers, venture capitalists or consultants to smallefr businesses. UW-Madison also offers a master’s degre e in business administration with a specialization in entrepreneurial The growing demand for entrepreneurial educatiojn comes at a timewhen U.S. companies have shed thousands of jobs. “Students realize that therde may be greater potential in controllinbg theirown destiny,” Olszewski said. At the same challenges remain forstartuo companies, especially when it comes to securing financing.
“Evenb with a good idea, you need to be more creative with Olszewski said, adding that startup businesses may have to self-finance untiol the economy gets stronger. UW-Madisohn also is set to launch its third annualk entrepreneurialboot camp, an intense prograjm for graduate students in science, engineering and law. Conductec over five, 12-hour class days, the program introduceas studentsto entrepreneurship, the skills and issues faced in technology entrepreneurship. Meanwhile, UW-Whitewater will launcgh an entrepreneurship major inJanuary 2010. The campus also has receivee funding from the business community to offer an independent studiee program in entrepreneurshipthis summer.
“The studentse we have in class are gointg to be facing a global job marketthat we’ves never seen before,” said Debra Malewicki, an assistantt professor of management. “Students must think entrepreneurially and even ifthey don’t go into businesas for themselves.” For many UW-Whitewater has offered a businese plan course, which will serve as the capston for the major. “We’re very focused on encouraging students tostartf high-impact businesses, not businesses such as coffee shops,” she said.
UW-Whitewater expects to have abou t 70 students in the entrepreneurial class each The expansion of entrepreneurship programs is a positivd development for students and for the potential positive impact onthe state’s UW-Madison’s Olszewski said. “I think it’s a clearlyh a good thing for the he said. “It’s a very collaborative field.”
“The demand has been tremendouse forentrepreneurship education,” said Tim director of the Kohler Center for Entrepreneurship in ’s Colleges of Business Administration. Starting in fall, Marquettre University will launch a certificate program in entrepreneurshipp through its Graduate Schoollof Management. The progran is designed to instil entrepreneurial thinking in many disciplines with the aim of teaching students the skills they need to creatre abusiness — innovation, entrepreneurship and business knowledge developed within a context of social responsibility, Keanee said.
Developing skills around entrepreneurship and innovatiojn are crucial to the succesxs of allcollege graduates, not just thosee who have studied business, he said. Marquette’zs certificate program in entrepreneurship is open to anyone with anundergraduater degree, regardless of course of “Without access by all students, it wouldd be missing the point,” Keane said of the certificatee program. The program will focusx on the best practices ofsuccessful start-u p businesses. Courses can be applied towarcd earninga master’s degrede in business administration.
Marquette expects to acceptt 10 students into the program for theinitial “More and more people realize that some or all of their careers will be spent at small companies,” he said. Certificates students will take 15 to 16 hourss of courseworkat Marquette, includin g three core entrepreneurship courses and two elective coursess in a professional area such as business or Students must also complete a business plan, and it is expectee that most students will participate in the Kohler Center for Entrepreneurship’s annual business plan The application of entrepreneurial skills is even more criticalo in a recession, Keane added.
“Businesses of all sizes are beginninhg to understand the value of tryinghnew things,” he said. The severity of the recessiob has some students looking more carefully at developinvgentrepreneurial skills, said Dan Olszewski, director of the at the . “Eveb in a lousy good ideas are successful,” Olszewski said. “Very successful companiew have gotten started in a weak economyh and some have even been started because of a weak The Universityof Wisconsin-Madison has offered an entrepreneurship progranm since 1987. “We were offering small businesd classes evenbefore that. We were one of the earlh universities involved in Olszewski said.
The Weinerf Center program involves courses in entrepreneurship and other relatede topics in preparation for roles as busines ownersand managers, venture capitalists or consultants to smallefr businesses. UW-Madison also offers a master’s degre e in business administration with a specialization in entrepreneurial The growing demand for entrepreneurial educatiojn comes at a timewhen U.S. companies have shed thousands of jobs. “Students realize that therde may be greater potential in controllinbg theirown destiny,” Olszewski said. At the same challenges remain forstartuo companies, especially when it comes to securing financing.
“Evenb with a good idea, you need to be more creative with Olszewski said, adding that startup businesses may have to self-finance untiol the economy gets stronger. UW-Madisohn also is set to launch its third annualk entrepreneurialboot camp, an intense prograjm for graduate students in science, engineering and law. Conductec over five, 12-hour class days, the program introduceas studentsto entrepreneurship, the skills and issues faced in technology entrepreneurship. Meanwhile, UW-Whitewater will launcgh an entrepreneurship major inJanuary 2010. The campus also has receivee funding from the business community to offer an independent studiee program in entrepreneurshipthis summer.
“The studentse we have in class are gointg to be facing a global job marketthat we’ves never seen before,” said Debra Malewicki, an assistantt professor of management. “Students must think entrepreneurially and even ifthey don’t go into businesas for themselves.” For many UW-Whitewater has offered a businese plan course, which will serve as the capston for the major. “We’re very focused on encouraging students tostartf high-impact businesses, not businesses such as coffee shops,” she said.
UW-Whitewater expects to have abou t 70 students in the entrepreneurial class each The expansion of entrepreneurship programs is a positivd development for students and for the potential positive impact onthe state’s UW-Madison’s Olszewski said. “I think it’s a clearlyh a good thing for the he said. “It’s a very collaborative field.”
Friday, June 22, 2012
'SmartMoney' to Fold Print Edition - Mashable
authors-morphology.blogspot.com
Forbes | 'SmartMoney' to Fold Print Edition Mashable SmartMoney's September issue will be its last in print, parent company Dow Jones announced Thursday. SmartMoney Magazine To Fold Print Edition |
Wednesday, June 20, 2012
DDN Pharmaceutical moving to Menomonee Falls - The Business Journal of Milwaukee:
hundleyobajoji1908.blogspot.com
The Germantown logistics services company, whicnh currently leases 9,500 squares feet in Germantown, will occupy 16,000 square feet at 800 Woodlansd Prime near West GoodHope Road. The company also has an optiom on anadditional 10,000 square feet. Ross DDN president, said he would like to see the company occupy the entire space within three tofive "There is also additional space on the floorf below us if we need to even go beyondc that," he said.
DDN, whicb stands for drug distribution is the third tenant forthe 52,000-square-foot which was built abougt four years ago, said Doug Weas, presidenr of , part-owner of the DDN has seen 40 percent annual growth over recent years, with another 20 percen t anticipated for 2008, necessitating the expansion, Bjellwa said. DDN Logistics average annual revenueof $35 million to $45 million, Bjellsa said. DDN offers warehousing and distribution, financial services, customerr service and government reportingg services forpharmaceutical companies.
It has 50 employeew in at its Germantown with about 10 more anticipated to be hired by the end of the Nationally the companyemploys 200, with officex in Memphis, Tenn., and Ontario, Calif.
The Germantown logistics services company, whicnh currently leases 9,500 squares feet in Germantown, will occupy 16,000 square feet at 800 Woodlansd Prime near West GoodHope Road. The company also has an optiom on anadditional 10,000 square feet. Ross DDN president, said he would like to see the company occupy the entire space within three tofive "There is also additional space on the floorf below us if we need to even go beyondc that," he said.
DDN, whicb stands for drug distribution is the third tenant forthe 52,000-square-foot which was built abougt four years ago, said Doug Weas, presidenr of , part-owner of the DDN has seen 40 percent annual growth over recent years, with another 20 percen t anticipated for 2008, necessitating the expansion, Bjellwa said. DDN Logistics average annual revenueof $35 million to $45 million, Bjellsa said. DDN offers warehousing and distribution, financial services, customerr service and government reportingg services forpharmaceutical companies.
It has 50 employeew in at its Germantown with about 10 more anticipated to be hired by the end of the Nationally the companyemploys 200, with officex in Memphis, Tenn., and Ontario, Calif.
Tuesday, June 19, 2012
Internet phone service Ooma goes down for a day - Silicon Valley / San Jose Business Journal:
mozybyd.wordpress.com
The Palo Alto-based service, which is providesd free with the purchase ofa $250 Ooma box, was interrupter about 11 a.m. and was partiallu restored shortly before5 p.m. The company had not offered any explanations bylate day, but Chief Marketing Officer Rich Buchanan had acknowledge d the problems via Twitter and appealed for Ooma has seen strong demanrd for its phone boxes in recenr months. Company President and CEO Eric Stan said recently that the company is on track tohave $15 millionj to $20 million of revenue in 2009, with virtually no advertising. He said he expects Ooma to be profitabl eat year’s end. Founde d in 2004, Ooma spent nearly three yearsz onproduct development.
It started selling its Internet phone systemfor $499 througgh its own Web site in September of 2007, but droppefd the price to $249.99 last April. In the company launched a trial progra with25 stores, increasing to 250 stores in with the addition of 34 Fry’s Electronicas and 20 stores. And then in January, Best Buy began selling units in all of its morethan 1,000o stores nationwide.
The Palo Alto-based service, which is providesd free with the purchase ofa $250 Ooma box, was interrupter about 11 a.m. and was partiallu restored shortly before5 p.m. The company had not offered any explanations bylate day, but Chief Marketing Officer Rich Buchanan had acknowledge d the problems via Twitter and appealed for Ooma has seen strong demanrd for its phone boxes in recenr months. Company President and CEO Eric Stan said recently that the company is on track tohave $15 millionj to $20 million of revenue in 2009, with virtually no advertising. He said he expects Ooma to be profitabl eat year’s end. Founde d in 2004, Ooma spent nearly three yearsz onproduct development.
It started selling its Internet phone systemfor $499 througgh its own Web site in September of 2007, but droppefd the price to $249.99 last April. In the company launched a trial progra with25 stores, increasing to 250 stores in with the addition of 34 Fry’s Electronicas and 20 stores. And then in January, Best Buy began selling units in all of its morethan 1,000o stores nationwide.
Sunday, June 17, 2012
Six years later, Wendell wants improper structures rebuilt - Eastern Wake News
ovaluleq.wordpress.com
Eastern Wake News | Six years later, Wendell wants improper structures rebuilt Eastern Wake News The town's problem with Rodrigues: The walls of his carports are metal รข€" a material not approved under Wendell's ordinance which governs such mixed-use, ... |
New York Times | Charlie Sheen's comeback gets unlikely boost from Madison Avenue Los Angeles Times Just over a year ago, Charlie Sheen had been fired from his hit sitcom "Two and a Half Men," had become a regular on national news programs ranting about ... Charlie Sheen's Comeback Gets Unlikely Boost |
Tuesday, June 12, 2012
Supreme Court delays Chrysler/Fiat merger - Kansas City Business Journal:
cahijisebi.wordpress.com
Supreme Court Justice Ruth Bader Ginsberg grantedf a motion filed by Indiana state pensiobn funds to delay the merger betweem the American and Italian automakerw in whatthe U.S. Treasury Department said was an administrativ extension designed to allow sufficient time for the Supremw Court to explore whether or not a stay is according to several published reportslate Monday. The Supremed Court move extends a stay already issuexd by a lower court that was set to expire lateafternoonn Monday. Fiat has given Chrysled until June 15 to finisnthe merger. Attorneys for the pension funds arguex that they would receive just pennies on the dollard fora $42 million loan given to Chrysler. However, U.S.
Solicitor Generao Elena Kagan said the imminent collapser ofChrysler — said to be losing upwardr of $100 million daily — was of greater concerbn to government officials than the loan dispute. Underf Chrysler’s Chapter 11 bankruptcy reorganization, Chrysler announced last month789 U.S. dealerships will lose their franchisese by June 9 as part ofthe deal. Chrysler said it will closed at leastfour Milwaukee-area dealerships: Braegerf Chrysler Jeep, 6133 S. 27th St., Milwaukee; Dodge City of Milwaukee, 4640 S. 27th St., John Quaden Dodge, Okauchee; and Lakeland Jeep, Oconomowoc. Chrysled also intends to close its engine plant in Kenoshqa in 2010 underthe reorganization.
Supreme Court Justice Ruth Bader Ginsberg grantedf a motion filed by Indiana state pensiobn funds to delay the merger betweem the American and Italian automakerw in whatthe U.S. Treasury Department said was an administrativ extension designed to allow sufficient time for the Supremw Court to explore whether or not a stay is according to several published reportslate Monday. The Supremed Court move extends a stay already issuexd by a lower court that was set to expire lateafternoonn Monday. Fiat has given Chrysled until June 15 to finisnthe merger. Attorneys for the pension funds arguex that they would receive just pennies on the dollard fora $42 million loan given to Chrysler. However, U.S.
Solicitor Generao Elena Kagan said the imminent collapser ofChrysler — said to be losing upwardr of $100 million daily — was of greater concerbn to government officials than the loan dispute. Underf Chrysler’s Chapter 11 bankruptcy reorganization, Chrysler announced last month789 U.S. dealerships will lose their franchisese by June 9 as part ofthe deal. Chrysler said it will closed at leastfour Milwaukee-area dealerships: Braegerf Chrysler Jeep, 6133 S. 27th St., Milwaukee; Dodge City of Milwaukee, 4640 S. 27th St., John Quaden Dodge, Okauchee; and Lakeland Jeep, Oconomowoc. Chrysled also intends to close its engine plant in Kenoshqa in 2010 underthe reorganization.
Sunday, June 10, 2012
GM files for bankruptcy - Puget Sound Business Journal (Seattle):
ivyhofy.wordpress.com
The filing, made in U.S. Bankruptcy Court in marks the filingin U.S. and the largest ever filing of its kind fora U.S. It follows months of speculationh thatthe 101-year-old company would have to restructurer through the courts, despite desperatee attempts by management to avoid the As it turned out, though, the bankruptcy filing was the only way GM coulrd get its hands on the governmentf money it needs to survive. In its filing, GM listee $82.3 billion in assets and $172.8 billion in reports that the company's largest creditorzs were WilmingtonTrust Company, representing bondholders holdinh $22.8 billion in debts, and UAW affiliates representinbg $20.6 billion in employee The U.S.
government has already injected $20 billiob into GM, and will provide another $30 billionj to keep the company goingy as it worksthrough bankruptcy. The investment will buy the governmenfa 72.5 percent stake. That will give government officialz more power to name members of theGM board. Officialsd have said they don’t want to get involved in the daily operations ofthe company. But that may prover to be quite a challenge with as much governmenft money asis involved. "It'as not forever," Bruce Belzowski, associate director of the Automotivw Analysis Division at the University of Michigan TransportatiobnResearch Institute, told bizjournals in a telephone interview.
"If they had a it would be a short perioddof time. The longer that it stretcheds out the more of a politicapl liabilityit becomes.” While most public attentio n is focused on GM, the automaker's many suppliers are certain to be affectef President Barack Obama is slated to talk about the auto industryt shortly before Noon. General Motors CEO Fritz Henderson will followa with a news conference ofhis own. Obama administration and GM officials have said they want amuch smaller, more competitivde GM to emerge from the bankruptcy within 60 to 90 days. GM plans to sell or closs such brandsas Saturn, Saab, and Pontiac, and will shed 2,600 dealerships. The company will closer 11 U.S.
manufacturing facilitiese by the endof 2010. Plants throughouyt GM's system will be idled as the companh downsizes. The that GM said will be closee and their dates include two assemblyhplants - Pontiac, Mich. (October 2009), and Wilmington, Del. (Jul 2009); three stamping plants — including the previouslyh announced closing in June ofGrand Rapids, Indianapolis, Ind. (December 2011), and Mansfield, Ohio (Junre 2010). Powertrain facilities in Livonia, Flint and Ypsilanti, as well as Ohio, and Fredericksburg, Va. are also on the closure list, To accomplish the leaner GM, the company will be split into a new GM and anold GM. The new GM will be ownede by the U.S.
and Canadian the United Auto Workers and current bond holders inthe
The filing, made in U.S. Bankruptcy Court in marks the filingin U.S. and the largest ever filing of its kind fora U.S. It follows months of speculationh thatthe 101-year-old company would have to restructurer through the courts, despite desperatee attempts by management to avoid the As it turned out, though, the bankruptcy filing was the only way GM coulrd get its hands on the governmentf money it needs to survive. In its filing, GM listee $82.3 billion in assets and $172.8 billion in reports that the company's largest creditorzs were WilmingtonTrust Company, representing bondholders holdinh $22.8 billion in debts, and UAW affiliates representinbg $20.6 billion in employee The U.S.
government has already injected $20 billiob into GM, and will provide another $30 billionj to keep the company goingy as it worksthrough bankruptcy. The investment will buy the governmenfa 72.5 percent stake. That will give government officialz more power to name members of theGM board. Officialsd have said they don’t want to get involved in the daily operations ofthe company. But that may prover to be quite a challenge with as much governmenft money asis involved. "It'as not forever," Bruce Belzowski, associate director of the Automotivw Analysis Division at the University of Michigan TransportatiobnResearch Institute, told bizjournals in a telephone interview.
"If they had a it would be a short perioddof time. The longer that it stretcheds out the more of a politicapl liabilityit becomes.” While most public attentio n is focused on GM, the automaker's many suppliers are certain to be affectef President Barack Obama is slated to talk about the auto industryt shortly before Noon. General Motors CEO Fritz Henderson will followa with a news conference ofhis own. Obama administration and GM officials have said they want amuch smaller, more competitivde GM to emerge from the bankruptcy within 60 to 90 days. GM plans to sell or closs such brandsas Saturn, Saab, and Pontiac, and will shed 2,600 dealerships. The company will closer 11 U.S.
manufacturing facilitiese by the endof 2010. Plants throughouyt GM's system will be idled as the companh downsizes. The that GM said will be closee and their dates include two assemblyhplants - Pontiac, Mich. (October 2009), and Wilmington, Del. (Jul 2009); three stamping plants — including the previouslyh announced closing in June ofGrand Rapids, Indianapolis, Ind. (December 2011), and Mansfield, Ohio (Junre 2010). Powertrain facilities in Livonia, Flint and Ypsilanti, as well as Ohio, and Fredericksburg, Va. are also on the closure list, To accomplish the leaner GM, the company will be split into a new GM and anold GM. The new GM will be ownede by the U.S.
and Canadian the United Auto Workers and current bond holders inthe
Saturday, June 9, 2012
High Desert Pediatrics opens doors June 15 - Phoenix Business Journal:
humojo.wordpress.com
Located at 8650 Alameda NE., the 4,100-square-foot medical office is the firs tenant inthe two-buildingb office plaza built by Hoech Real Estate Corp. The projectt includes two office buildings totaling morethan 42,0009 square feet and a new church for Hope The new clinic’s operatorse did their residencies at the and specialize in acutelgy ill children. Hope Plaza is seeking a silver certification from the in its Leadershiop in Energy and EnvironmentalDesigb (LEED) program. Father-son team Don and Justin Hoech partneredc with the church to develop the parcel adjacent to La Cueva High School in the Far Northeasf Heightsof Albuquerque.
The office buildings are beinvg offered for sale as office condominium s or canbe leased. represents half of the $7.5 million project, which was built by Enterprises Builders. High Desert Pediatrics is the lone tenant to date far inthe
Located at 8650 Alameda NE., the 4,100-square-foot medical office is the firs tenant inthe two-buildingb office plaza built by Hoech Real Estate Corp. The projectt includes two office buildings totaling morethan 42,0009 square feet and a new church for Hope The new clinic’s operatorse did their residencies at the and specialize in acutelgy ill children. Hope Plaza is seeking a silver certification from the in its Leadershiop in Energy and EnvironmentalDesigb (LEED) program. Father-son team Don and Justin Hoech partneredc with the church to develop the parcel adjacent to La Cueva High School in the Far Northeasf Heightsof Albuquerque.
The office buildings are beinvg offered for sale as office condominium s or canbe leased. represents half of the $7.5 million project, which was built by Enterprises Builders. High Desert Pediatrics is the lone tenant to date far inthe
Thursday, June 7, 2012
Lear heads for Chapter 11 as expected - Business First of Louisville:
elisovadinaimar.blogspot.com
Lear (NYSE:LEA) said Tuesday it secured the support ofmajor lenders, including JPMorgan Chase and and bondholders for the move into Chapter 11 and the restructurinbg of its debt. “We are conducting business as usuakl and are very pleased to have receivedr strong support from our lender and bondholder groupse for our debtrestructuring plan. We intenfd to proceed on an expeditedc basis and expect to submitf the plan to the Bankruptcy Court withinm60 days,” Chairman and CEO Bob Rossiter said in a The Southfield, Mich.-based company said the Chapted 11 filing affects its U.S. and Canadiah operations and notits foreign-based subsidiaries.
Lear operate a plant at 2000 Stanley Gault Parkwauy in easternJefferson County. According to Businesds First research, it is Louisville's 17th largest manufacturerr when ranked by number of local Asof Aug. 29, 2008, it had about 400 employees. The bulk of Lear’sa domestic production operations arein Michigan, wherse is runs nine factories, and where it has four plants. Lear is a key supplierf to , and many foreign automakers and is the secondf large domestic auto parts supplied to slip into bankruptcy since the economgy collapsedlast fall. , a partas maker spun off from Fordyearsa ago, filed for Chaptet 11 in May. Lear said in papers filefd in U.S.
Bankruptcy Court in New York that ithad $1.278 billion in assets and debts of $4.5 billion. The compan indicated last week that it would head for Chaptert 11 after saying it reached an agreemen t in principle with a banking syndicate and bondholders to restructursits debt. The company lost $690 milliom on $13.57 billion in revenue in 2008, a swin from a $242 million gain on nearlyg $16 billion in revenue the year before. It finishedx the first quarter of this yearwith $265 million loss on $2.17y billion in sales, a swingb from net income of $78.2 million on salez of $3.
86 billion a year
Lear (NYSE:LEA) said Tuesday it secured the support ofmajor lenders, including JPMorgan Chase and and bondholders for the move into Chapter 11 and the restructurinbg of its debt. “We are conducting business as usuakl and are very pleased to have receivedr strong support from our lender and bondholder groupse for our debtrestructuring plan. We intenfd to proceed on an expeditedc basis and expect to submitf the plan to the Bankruptcy Court withinm60 days,” Chairman and CEO Bob Rossiter said in a The Southfield, Mich.-based company said the Chapted 11 filing affects its U.S. and Canadiah operations and notits foreign-based subsidiaries.
Lear operate a plant at 2000 Stanley Gault Parkwauy in easternJefferson County. According to Businesds First research, it is Louisville's 17th largest manufacturerr when ranked by number of local Asof Aug. 29, 2008, it had about 400 employees. The bulk of Lear’sa domestic production operations arein Michigan, wherse is runs nine factories, and where it has four plants. Lear is a key supplierf to , and many foreign automakers and is the secondf large domestic auto parts supplied to slip into bankruptcy since the economgy collapsedlast fall. , a partas maker spun off from Fordyearsa ago, filed for Chaptet 11 in May. Lear said in papers filefd in U.S.
Bankruptcy Court in New York that ithad $1.278 billion in assets and debts of $4.5 billion. The compan indicated last week that it would head for Chaptert 11 after saying it reached an agreemen t in principle with a banking syndicate and bondholders to restructursits debt. The company lost $690 milliom on $13.57 billion in revenue in 2008, a swin from a $242 million gain on nearlyg $16 billion in revenue the year before. It finishedx the first quarter of this yearwith $265 million loss on $2.17y billion in sales, a swingb from net income of $78.2 million on salez of $3.
86 billion a year
Wednesday, June 6, 2012
SunTrust to raise $1.4 billion in stock offer - Nashville Business Journal:
paramonaxogilozi.blogspot.com
billion through a stock offering to boost its capital to meet federalgovernment requirements, the Atlanta-base bank said Monday. The Atlanta-based bank wants to sell 108 million sharexat $13 a share. In relation to the SunTrust (NYSE: STI) suspended its previously announced $1.254 billion “at the market” offer, which raised $260 Further, SunTrust began an offer to buy upto $1 billionn liquidation preference or amount of certai n of its currently outstanding preferred and hybrid securitiew for cash using proceeds from the $1.4 billiojn equity offering. The moves come after the federal government’s “stresas test” found SunTrust needed to raise $2.
2 billion in capital. And whilre SunTrust had sufficient tier 1 capital to absorhb projectedloan losses, its capital “tilterd too strongly” to sources other than common the stress test revealed. After completing the offering s announced Mondayand prior, SunTrust expects to have fullyh satisfied its obligation. "Today'sx announcement underscores that we are on a clear path to achiev e our previously announced capital objectives as we intensify our focus on the saidJames M. Wells III, SunTrust chairmam and CEO, in a statement.
Wellds also noted completion ofthe company's capital-related initiativezs will boost its ability to repay, upon regulatorgy approval and at the appropriate time, preferred stockl gotten through participation in the U.S. Treasury's Capitaol Purchase Plan.
billion through a stock offering to boost its capital to meet federalgovernment requirements, the Atlanta-base bank said Monday. The Atlanta-based bank wants to sell 108 million sharexat $13 a share. In relation to the SunTrust (NYSE: STI) suspended its previously announced $1.254 billion “at the market” offer, which raised $260 Further, SunTrust began an offer to buy upto $1 billionn liquidation preference or amount of certai n of its currently outstanding preferred and hybrid securitiew for cash using proceeds from the $1.4 billiojn equity offering. The moves come after the federal government’s “stresas test” found SunTrust needed to raise $2.
2 billion in capital. And whilre SunTrust had sufficient tier 1 capital to absorhb projectedloan losses, its capital “tilterd too strongly” to sources other than common the stress test revealed. After completing the offering s announced Mondayand prior, SunTrust expects to have fullyh satisfied its obligation. "Today'sx announcement underscores that we are on a clear path to achiev e our previously announced capital objectives as we intensify our focus on the saidJames M. Wells III, SunTrust chairmam and CEO, in a statement.
Wellds also noted completion ofthe company's capital-related initiativezs will boost its ability to repay, upon regulatorgy approval and at the appropriate time, preferred stockl gotten through participation in the U.S. Treasury's Capitaol Purchase Plan.
Monday, June 4, 2012
Back from the brink
cicugaha.wordpress.com
“We could see the writingb on the wall,” the Riverwalk residenf and Metro councilman saysof Corinthian, pointiny to the builder’s unpaid dumpster bill in excess of which led the disposalk company to stop pick-ups. Franklin-bases Corinthian, selling houses as in Bellevue’s Riverwalk community, filed for Chapter 11 bankruptcy inFebruaryg 2008, and then later Chapter 7. “Alol we can say in Riverwalk isgood riddance,” Mitchell He then watched as residentsw who had recently purchasexd their Prestige homes started getting lien notices in the mail, askinhg for them to cover Corinthian’s unpaid bills to Some of those residents are still going throug legal proceedings to get the liena cleared.
For several months, nothing happeneed with the homes and lots as they went through the bankruptcyg court and theforeclosure process. “Houses woulxd sit there for monthson end, yardss unkempt, weeds growing high and construction debris,” Mitchell says. “Finallhy the auctions began and companies couled come in a fixthe mess.” Since that Riverwalk has come alive as buildersw and investors have moved in to fix, finish and buildc the homes and lots that were “Residents were unsettled about what was going to says Rob Pease of CPS Land, Riverwalk’s developer. “Once builders started finishingthose up, there was a big senss of relief among the residents.
” Homeowners saw that the replacement builderzs would conform the homes to what had already been built and were keepint to the standards of the community, Peasee says. “The new homes certainlg blend in,” he Home sales have been steaduyat Riverwalk. The Multiple Listing Service shows 47 newand resales, have sold in the community in the past The average sales price of those homes, at was 7 percent lowetr than the average list of $239,900. About 21 new homexs have sold in the past year at a median price of down from a list price of Resident Heather Thompson pushed a baby strollert throughRiverwalk recently.
She lives in a housse built byCelebration Homes, but wasn’t too concernedd about the bankruptcy of Corinthian’s “I knew that somebody would come in and finish she says of the lots and half-done homes that dottes the neighborhood after the large builder went Her home now backs up to a completedd home, not an unfinished one. The main impacf of the bankruptcy was on recentPrestige buyers, who she surmises lost their home warranties when the builder went under. “Thi has come a long way in the past Thompson says, pointing to finished homes that used to be two-by-fourd and concrete.
Matt Kuyper says he and his wife, watched as the banks came in quickly and added roofsw to the homes they now owned in the Parkviewa section of Riverwalk to protecyttheir investments. The couple was just glad to see the Kuyper says. Norfolk Homes finished the home across the streef from the Kuypers and has it forsale now. Mitchell has been working with , which took back a portionm of land in foreclosure near the entrancd of Riverwalk where Corinthian had intended tobuilx townhomes. He says the bank still is trying to sell the propertyy to a developer and that he would like tosee single-familgy homes built there.
Mitchell says he loves the communit y and recently moved from one home in Riverwalk to a largerr one there to accommodate hisgrowing family. “Everyone for the most part lovesx Riverwalk,” he says. “We have cookoutsz in the cul-de-sacs.”
“We could see the writingb on the wall,” the Riverwalk residenf and Metro councilman saysof Corinthian, pointiny to the builder’s unpaid dumpster bill in excess of which led the disposalk company to stop pick-ups. Franklin-bases Corinthian, selling houses as in Bellevue’s Riverwalk community, filed for Chapter 11 bankruptcy inFebruaryg 2008, and then later Chapter 7. “Alol we can say in Riverwalk isgood riddance,” Mitchell He then watched as residentsw who had recently purchasexd their Prestige homes started getting lien notices in the mail, askinhg for them to cover Corinthian’s unpaid bills to Some of those residents are still going throug legal proceedings to get the liena cleared.
For several months, nothing happeneed with the homes and lots as they went through the bankruptcyg court and theforeclosure process. “Houses woulxd sit there for monthson end, yardss unkempt, weeds growing high and construction debris,” Mitchell says. “Finallhy the auctions began and companies couled come in a fixthe mess.” Since that Riverwalk has come alive as buildersw and investors have moved in to fix, finish and buildc the homes and lots that were “Residents were unsettled about what was going to says Rob Pease of CPS Land, Riverwalk’s developer. “Once builders started finishingthose up, there was a big senss of relief among the residents.
” Homeowners saw that the replacement builderzs would conform the homes to what had already been built and were keepint to the standards of the community, Peasee says. “The new homes certainlg blend in,” he Home sales have been steaduyat Riverwalk. The Multiple Listing Service shows 47 newand resales, have sold in the community in the past The average sales price of those homes, at was 7 percent lowetr than the average list of $239,900. About 21 new homexs have sold in the past year at a median price of down from a list price of Resident Heather Thompson pushed a baby strollert throughRiverwalk recently.
She lives in a housse built byCelebration Homes, but wasn’t too concernedd about the bankruptcy of Corinthian’s “I knew that somebody would come in and finish she says of the lots and half-done homes that dottes the neighborhood after the large builder went Her home now backs up to a completedd home, not an unfinished one. The main impacf of the bankruptcy was on recentPrestige buyers, who she surmises lost their home warranties when the builder went under. “Thi has come a long way in the past Thompson says, pointing to finished homes that used to be two-by-fourd and concrete.
Matt Kuyper says he and his wife, watched as the banks came in quickly and added roofsw to the homes they now owned in the Parkviewa section of Riverwalk to protecyttheir investments. The couple was just glad to see the Kuyper says. Norfolk Homes finished the home across the streef from the Kuypers and has it forsale now. Mitchell has been working with , which took back a portionm of land in foreclosure near the entrancd of Riverwalk where Corinthian had intended tobuilx townhomes. He says the bank still is trying to sell the propertyy to a developer and that he would like tosee single-familgy homes built there.
Mitchell says he loves the communit y and recently moved from one home in Riverwalk to a largerr one there to accommodate hisgrowing family. “Everyone for the most part lovesx Riverwalk,” he says. “We have cookoutsz in the cul-de-sacs.”
Sunday, June 3, 2012
Senate looks to gut $1B from budget - Charlotte Business Journal:
tiqosi.wordpress.com
That would include $417 million in targetedf cuts to agency budgets resulting ina still-to-be-determined numbed of state job reductions, Senate GOP leaders said Friday as they unveiled their plan to balance the two-yea budget that begins July 1. Their budget bill woulfd trim morethan $1 billiobn from the $114 billion spending plan passed by the Democrat-controlled Ohio Hous in April. At the same time, Senate Republicans said their budget proposa would boost spending for primary and secondart schools rather than cut funding for them as proposecin House-approved budget. It would raise funding for graded K-12 school district by 0.
25 percent in fisca 2010 compared to the current year andanother 0.5 percen in 2011. Senate Republicans also rejected Gov. Ted Strickland’s sweepintg evidence-based school reform plan, callingb it “fundamentally flawed” because it is based on school staffing needs instead ofstudent needs. They want the governor’s propose education model to be reviewed by a bipartisan study council. Senate President Bill Harris, R-Ashland, said he wants the where Republicans holda 21-12 majority, to pass a budgey bill June 4 or 5.
That would set the stags for a House-Senate conferencre committee to hash out the differences in their versionxs of the bill and present a balance d budgetfor Strickland’s signature by a June 30 deadlind set by state law. “We want to work with the governofrand House,” Harris said, “t o do what is right for this great state. This budget is part of Like theHouse version, the Senate Republicans’ bill does not call for tax increasess and safeguards the broad tax reforms favored by the business community and approved by legislatorx in 2005. It also protects a two-yeart tuition freeze at community colleges, such as Columbusa State, and one-year freeze and 3.
5 percent cap on increasee in fiscal 2011at four-year state including , that were proposed by Strickland and passed by the Senate Republicans were able to providew such safeguards despite having to work with $912 million less than what the Houswe had counted on when it passeed its budget bill. The revenue shortfall becamer apparent in early May when the Strickland administration reportede state income tax receipts through Aprio 30 were 15 percent lower than a year ago and well beloewthe administration’s revised budget forecasty in December.
Besides the $417 million in cuts for stated agencies, Senate Republican budget-balancinbg moves include mandating $42 million in cost-containment measures for the Medicaidr health-care program for the poor and lockinbgin $200 million in agencty service cuts ordered by Stricklaned earlier this year. “We think spendin more money is notthe answer,” Harrise said. “The answer is getting more Ohioan back to work and helping more businesses and industriees in Ohiobe successful.” • Eliminating 34 proposed fee increases for employers, including ones affecting the coal, agriculture and construction industries.
• Requiring state regulatoryu agencies to eliminate bureaucracy and red tapefor • Holding the line on new health-cars mandates that drive up the cost of health insurance for employers. Eliminating a proposed fee ofapproximately $8 milliojn per year for the disposal of constructionj and demolition debris. • Preserving fundingf for the and Ohio State University Extension for researcn andinnovation programs. • Enhancing a $100 milliom film tax credit to attract the motion picture industryto • Supporting expansion of the state’s Job Retentiob Tax Credit and Technology Investmenr Tax Credit.
• Providinhg more funding for state Rapids Outreach grants to attract and retain businessesin
That would include $417 million in targetedf cuts to agency budgets resulting ina still-to-be-determined numbed of state job reductions, Senate GOP leaders said Friday as they unveiled their plan to balance the two-yea budget that begins July 1. Their budget bill woulfd trim morethan $1 billiobn from the $114 billion spending plan passed by the Democrat-controlled Ohio Hous in April. At the same time, Senate Republicans said their budget proposa would boost spending for primary and secondart schools rather than cut funding for them as proposecin House-approved budget. It would raise funding for graded K-12 school district by 0.
25 percent in fisca 2010 compared to the current year andanother 0.5 percen in 2011. Senate Republicans also rejected Gov. Ted Strickland’s sweepintg evidence-based school reform plan, callingb it “fundamentally flawed” because it is based on school staffing needs instead ofstudent needs. They want the governor’s propose education model to be reviewed by a bipartisan study council. Senate President Bill Harris, R-Ashland, said he wants the where Republicans holda 21-12 majority, to pass a budgey bill June 4 or 5.
That would set the stags for a House-Senate conferencre committee to hash out the differences in their versionxs of the bill and present a balance d budgetfor Strickland’s signature by a June 30 deadlind set by state law. “We want to work with the governofrand House,” Harris said, “t o do what is right for this great state. This budget is part of Like theHouse version, the Senate Republicans’ bill does not call for tax increasess and safeguards the broad tax reforms favored by the business community and approved by legislatorx in 2005. It also protects a two-yeart tuition freeze at community colleges, such as Columbusa State, and one-year freeze and 3.
5 percent cap on increasee in fiscal 2011at four-year state including , that were proposed by Strickland and passed by the Senate Republicans were able to providew such safeguards despite having to work with $912 million less than what the Houswe had counted on when it passeed its budget bill. The revenue shortfall becamer apparent in early May when the Strickland administration reportede state income tax receipts through Aprio 30 were 15 percent lower than a year ago and well beloewthe administration’s revised budget forecasty in December.
Besides the $417 million in cuts for stated agencies, Senate Republican budget-balancinbg moves include mandating $42 million in cost-containment measures for the Medicaidr health-care program for the poor and lockinbgin $200 million in agencty service cuts ordered by Stricklaned earlier this year. “We think spendin more money is notthe answer,” Harrise said. “The answer is getting more Ohioan back to work and helping more businesses and industriees in Ohiobe successful.” • Eliminating 34 proposed fee increases for employers, including ones affecting the coal, agriculture and construction industries.
• Requiring state regulatoryu agencies to eliminate bureaucracy and red tapefor • Holding the line on new health-cars mandates that drive up the cost of health insurance for employers. Eliminating a proposed fee ofapproximately $8 milliojn per year for the disposal of constructionj and demolition debris. • Preserving fundingf for the and Ohio State University Extension for researcn andinnovation programs. • Enhancing a $100 milliom film tax credit to attract the motion picture industryto • Supporting expansion of the state’s Job Retentiob Tax Credit and Technology Investmenr Tax Credit.
• Providinhg more funding for state Rapids Outreach grants to attract and retain businessesin
Friday, June 1, 2012
University System of Md. to break up biotechnology institute - Business First of Buffalo:
karnergetajequ1416.blogspot.com
The public university system’s Board of Regents approved Friday a sweepingh restructuring ofthe (UMBI) that will parcel out its four researc centers, along with stafd and other assets, to other campuses. System leadersd hope the restructuring will drive research collaboration and boosf access tooutside funding. It also means an end for which was launched to great fanfarr two decades ago with the missiojn ofadvancing education, research and economi c development for what was then the state’x nascent biotech industry.
A months-long studgy of UMBI by an ad hoc committee led by USM regents Chairman Clifford Kendall concludedthat “the organization of UMBI as a geographicallty dispersed, free-standing entity has created intractablse problems.” Those problems included an inability to scale UMBI isolation among UMBI’s research centers, the lack of a critical mass of graduat e and undergraduate students involved in UMBI and administrative inefficiencies.
“After a comprehensive and deliberative we have concluded thatrestructuring UMBI’s assetsa is the right thing to do,” Kendallp said in a “With a focus on collaboration — acrosxs disciplines and across institutions — and with recognitiom of the exceptional talent withi n the UMBI community and the system’s other institutions, this action will position USM to take fuller advantage of its system-wide strengths in the biosciences and to fuel the state’w knowledge economy even more.” The move isn’t a total surprise. Critics have long questioneed whether the state was duplicating its researchg efforts inthe biosciences.
UMBI’s four centers in Baltimore, Rockvillee and College Park conduct researchon medical, biotechnology, marine and environmentall science. At the same time, state fundingv for higher education is pinched by the recessiomn andthe state’s budget deficit, and universities’ researchn needs are growing. Under the restructuring approved Fridauy by the regents at a meetingvin Frostburg, a joint University System of Marylanxd research center will be established at UMBI’s Center for Advancexd Research in Biotechnology in The system’s flagship College Park campus will oversewe the facility and work with the University of Maryland, Baltimore to elevate work in engineering and computational sciencex as well as structural biology, protein design and drug • UMBI’s Center for Biosystems Researchh will also be overseeh by College Park.
• A joint research center at UMBI’s Center of Marinw Biotechnology in Baltimore will be with administrative responsibility falling to the Universittyof Maryland, Baltimore County. UMBC will collaborate with the University of Marylanfd Center for Environmental Science and the Universitof Maryland, Baltimore to drive research in environmentakl and genomic sciences. • UMBI’s Baltimore-based Medica l Biotechnology Center will fall under the Universityof Baltimore’s purview. • UMBI’s Institute of Fluorescence will be administere dby UMBC. • UMBI’xs K-12 educational programs will be overseen by with an eye on enhancinyg itsteaching focus.
UMBI President Jennie Hunter-Cevera is stepping down June 30 afte r 10 years in that She will become executive vice president of discoveryh and analytical sciences and corporate developmentfat , a Nortu Carolina nonprofit. The University System of Maryland will hono r tenure held by UMBIfacultyg members, and administrative support staffers will be able to stay in their jobs through fiscal 2010. Job opportunities at othe system campuses willbe identified, and memoranda of understanding outlining future operations and collaborations are expected to be completede by the end of this year and fully implemented by the end of fiscalk 2010.
UMBI generates about $25 million in research activity annually, and universityh system leaders hope to see that numberr increase dramatically by breaking upthe institute. “Today’s decisionz by the board provide a tremendous opportunity for the University System of Marylande to increase the volume and impact of its basic and appliecd research inthe biosciences,” said USM Chancellor William E. Kirwan in a “This restructuring has the potentiakl to double the research productivityof UMBI’s current assetas within five years.
”
The public university system’s Board of Regents approved Friday a sweepingh restructuring ofthe (UMBI) that will parcel out its four researc centers, along with stafd and other assets, to other campuses. System leadersd hope the restructuring will drive research collaboration and boosf access tooutside funding. It also means an end for which was launched to great fanfarr two decades ago with the missiojn ofadvancing education, research and economi c development for what was then the state’x nascent biotech industry.
A months-long studgy of UMBI by an ad hoc committee led by USM regents Chairman Clifford Kendall concludedthat “the organization of UMBI as a geographicallty dispersed, free-standing entity has created intractablse problems.” Those problems included an inability to scale UMBI isolation among UMBI’s research centers, the lack of a critical mass of graduat e and undergraduate students involved in UMBI and administrative inefficiencies.
“After a comprehensive and deliberative we have concluded thatrestructuring UMBI’s assetsa is the right thing to do,” Kendallp said in a “With a focus on collaboration — acrosxs disciplines and across institutions — and with recognitiom of the exceptional talent withi n the UMBI community and the system’s other institutions, this action will position USM to take fuller advantage of its system-wide strengths in the biosciences and to fuel the state’w knowledge economy even more.” The move isn’t a total surprise. Critics have long questioneed whether the state was duplicating its researchg efforts inthe biosciences.
UMBI’s four centers in Baltimore, Rockvillee and College Park conduct researchon medical, biotechnology, marine and environmentall science. At the same time, state fundingv for higher education is pinched by the recessiomn andthe state’s budget deficit, and universities’ researchn needs are growing. Under the restructuring approved Fridauy by the regents at a meetingvin Frostburg, a joint University System of Marylanxd research center will be established at UMBI’s Center for Advancexd Research in Biotechnology in The system’s flagship College Park campus will oversewe the facility and work with the University of Maryland, Baltimore to elevate work in engineering and computational sciencex as well as structural biology, protein design and drug • UMBI’s Center for Biosystems Researchh will also be overseeh by College Park.
• A joint research center at UMBI’s Center of Marinw Biotechnology in Baltimore will be with administrative responsibility falling to the Universittyof Maryland, Baltimore County. UMBC will collaborate with the University of Marylanfd Center for Environmental Science and the Universitof Maryland, Baltimore to drive research in environmentakl and genomic sciences. • UMBI’s Baltimore-based Medica l Biotechnology Center will fall under the Universityof Baltimore’s purview. • UMBI’s Institute of Fluorescence will be administere dby UMBC. • UMBI’xs K-12 educational programs will be overseen by with an eye on enhancinyg itsteaching focus.
UMBI President Jennie Hunter-Cevera is stepping down June 30 afte r 10 years in that She will become executive vice president of discoveryh and analytical sciences and corporate developmentfat , a Nortu Carolina nonprofit. The University System of Maryland will hono r tenure held by UMBIfacultyg members, and administrative support staffers will be able to stay in their jobs through fiscal 2010. Job opportunities at othe system campuses willbe identified, and memoranda of understanding outlining future operations and collaborations are expected to be completede by the end of this year and fully implemented by the end of fiscalk 2010.
UMBI generates about $25 million in research activity annually, and universityh system leaders hope to see that numberr increase dramatically by breaking upthe institute. “Today’s decisionz by the board provide a tremendous opportunity for the University System of Marylande to increase the volume and impact of its basic and appliecd research inthe biosciences,” said USM Chancellor William E. Kirwan in a “This restructuring has the potentiakl to double the research productivityof UMBI’s current assetas within five years.
”
Subscribe to:
Posts (Atom)