Sunday, October 31, 2010
State
Yee delivered a written statement to the explaininb that the Board of Equalization is working withthe , , and the to find function that could be consolidated. “Taking an incremental consolidating those processes or functions where we have commonh business approaches will lead to immediatre efficiencies with little or no investment on the part ofthe state’xs general fund for long-term gain,” Yee Members from the agencies met in May to talk consolidationb possibilities, with likely candidates includinbg call centers, printing and mailing, electronic captured and the entire process of processing tax returns.
The agencies are makiny an inventory of equipmenrt and expertise to see what can be sharerdor combined. Yee was electesd to the five-member boardx in November 2006 to represent the coastalp regions from the Oregon bordee to SantaBarbara County. The BOE collectds more than $53 billion annualk in sales taxes, propertyh taxes, use taxes and fees. The Franchise Tax Boardf collects personal, corporate and bank taxes in
Friday, October 29, 2010
HHS to fund five state insurance exchange IT models - Government Health IT
HHS to fund five state insurance exchange IT models Government Health IT The âearly innovatorâ grants would go to individual or clusters of states working on setting up the exchanges, designed to be a single destination where ... HHS offers grants for early US insurance exchanges HHS announces grants for state IT innovators HIT grants aim to help states build insurance exchange tech systems |
Thursday, October 28, 2010
Inilah Tiga Jurus Timur Bangkitkan Polri - Inilah.com
Inilah.com | Inilah Tiga Jurus Timur Bangkitkan Polri Inilah.com INILAH.COM, Jakarta - Kapolri Jend Pol Timur Pradopo bertekad untuk melakukan revitalisasi institusi Polri melalui tiga peta jalan yang sudah dibuatnya. ... |
Tuesday, October 26, 2010
Hot home market lifts a mill - Puget Sound Business Journal (Seattle):
The Burlington, Wash., mill, the only one of its type in the makes laminatedveneer lumber, dubbed by the construction industry. To meet demands the company is investinbgabout $30 million into a second LVL production line, said Davird DeWitte, vice president and general manager. Pacifixc Woodtech also will addabout 50,000 squares feet to its 210,000-square-foot mill, with construction starting in a few The company employs about 160, whichb DeWitte expects will increase to about 210 when the mill reachex its new capacity in a few years.
"Th e housing market has been very strong for the lastseverao years, and there hasn't been additionaol capacity added to laminated lumber in some time," he said. "To keep up with our customers' growth, we need more capacity." Home construction observersd expect 2005 will be the best year for new housingy startssince 1978, with the industrt hitting a 22-year high of 2.148 million housing starts in according to Bloomberg News. The residential construction industrygrew 8.8 perceny rate in the first quarter of 2005. The home building boom is drivintg up prices for construction notablywood products. Demand drove up the softwoof lumber price indexto $3.
74 a thousand boards feet in May, about 25 percent over the averags of the last several said Kevin Binam, director of economicxs services for the Western Wood Products Associatioh in Portland. Pacific Woodtech makes laminatedc veneer lumber with thin sheets peeled fromlogs -- essentially the same procesd that makes the thin sheets from which plywood is Pacific Woodtech assembles those sheets into two kindse of products: solid beams made of laminated sheets that replacew traditional beams; and I-joists, usuallyt used to support floors, that are wooden I-beamw made from laminated strips and another type of woodemn sheet.
"We're a technology that allowe second- and third-growth forests to provide structural components that used torequirr old-growth forests," said the company's vice president and generall manager. "Recombining those veneers in a laminate processs allows us to make big pieces of structural lumber out oflittle logs." Pacific Woodtech's salezs currently range between $50 million and $60 million, and the plangt produces about 3.5 million cubic feet of laminatedd veneer lumber annually, DeWitte said. The Tacoma-basedc expects North American companies to increase theirt production of LVL products 28 percent by spokesman JackMerry said.
The North American industry expects to make about 86 millio cubic feet of LVL productsthis year. about 45 percent of new residential floor beamz are madefrom I-joists, up from 30 percent as recently as Merry said. Many of the region'ss largest forest product companies makesimilarr products, including But Pacific Woodtech has developedc a market niche by making private-labepl products, and the company sells most of its LVL to abouft 30 major customers. "Thegy don't distribute under their own they manufacture productfor us, undedr our private trade name," said Bob Fabian, general sales manager for Weekes Forest in St. Paul, Minn.
Fabian said his company's Max-Lamn and Max-Joist products, and similar, competinvg products, are becoming more acceptee inthe home-building industry because contractors are attracted by the product'sa consistency and quality. Matt Yates, division managetr for in Phoenix, Ariz., said his company carriesz Pacific Woodtech products underhis company's brand. Laminateed veneer lumber products cost builders about 10 percent more thantraditional lumber. But Yates said LVL is more suitabler for long spans and less likely to twistafter installation, creatingg expensive repair bills.
Monday, October 25, 2010
Bernanke denies pressuring Bank of America - Triangle Business Journal:
Bernanke made the comments Thursday morning to a congressional committee investigating his rolein BofA’s purchase of the trouble d brokerage. Already, documents leakede to several media outletx suggest Bernanke tried to hide his role in the deal fromotherd regulators. He began to respond to questions fromthe U.S. House Committe on Oversight and Government Reformk at10 a.m. “The committee has already learneds that Ben Bernanke and the Federal Reserve made inappropriatd threats to fire Bank of Americaw management unless they went ahead withthe ‘shotgunn wedding’ that was the Merrilpl Lynch acquisition,” Darrell the committee’s ranking Republican from California, said in a statemengt Thursday morning.
“The Federal Reserve also engagec ina cover-up and deliberately hid concerns and pertinenty details regarding the merger from other federal regulatoruy agencies.” Two weeks ago, BofA Chiedf Executive Kenneth Lewis testified to the same He told lawmakers he consideredr backing out of the deal, but felt pressurde from Bernanke and then-Treasury Secretary Paulson to move forwarde for the benefit of both companiess and the economy. Paulson is expected to testify on the matter at afuture date. Charlotte-based BofA (NYSE:BAC) boughty Merrill on Jan. 1 for $29.1 billion.
The deal resultec in BofA’s receiving an additional $20 billion in federalk funds under the Troubled AssegRelief Program. BofA has received a totalo of $45 billion in TARP funds. Lewie has been under intense pressure from BofA shareholders for not disclosing the depthof Merrill’s financiaol difficulties before the merger. Merrill lost $15.3 billion in the fourtgh quarter. Click to see Bernanke's written
Saturday, October 23, 2010
Friday, October 22, 2010
Obama outlines financial regulatory overhaul - Memphis Business Journal:
In his speech, the president said the goal isto “restorer markets in which we rewarx hard work and responsibility, not recklessness and greedx – in which honest, vigorous competition in the system is and those who game the system are Among other things, the president’s plan requiress all financial firms that post a significant risk to the financial system at large to be overseen by strong, consolidatexd supervision and regulation. An 89-pagd report by the notes that the “rootse of the economic crisis goback decades. Yearsa without a serious economidc recession bred complacency among financial intermediaries and thereport reads.
Rather than scralp the entire system, Obama said the reformd “pinpoint the structural weaknesses that allowerd for this crisis and to make sure that these problems are dealt to avertfuturre crises.” Increase market discipline and transparencyy to make markets strong enough to withstane system-wide stress and the potential failure of one or more largs financial institutions. Rebuild trustf in the markets by creating the Consumedr FinancialProtection Agency. Provide the government with the tools neededx to manage financial criseas so it is not forced to choose between bailouts and financial Raise international regulatory standards and improveinternationap coordination.
Wednesday, October 20, 2010
Many employers lack health emergency policy - Philadelphia Business Journal:
Mercer’s survey attempts to provide an understandingt of how organizations are reactinb to the spread ofthe H1N1, or “swine flu”, virusa and what plans and procedurezs are being implemented. More than half of the employers surveyefd were considering whether tocreate back-up and contingench plans in response to the the survey found. Others said they planned to restricf or cancel business travel or allow employee s to workat home.
“With the continuede increase of reported casesof (H1N1), it is importanrt for employers to develop a plan for dealiny with the myriad HR issues that can arise in the event of a pandemicv or other health care emergency,” Daniellwe Dorling, a consultant in Mercer’s HR effectivenes consulting business said in a statement. “Inh particular, organizations with a global work force and decentralized HR units need to have a coherent procedure in place for employee care in the event of ahealthg emergency.
” Mercer’s survey, which includez more than 400 mid-size and large organizationa worldwide, was conducted from April 30 to May 11 and includeas responses from employers located in the US, Australia/Newa Zealand, Canada, Mexico, the U.K., Hong Kong, Brazil, Switzerland, China, Argentina, South Korea, Singapore, the Russiaj Federation, the Philippines and Belgium.
Tuesday, October 19, 2010
Northrop gets $30M contract for 'space fence' development - East Bay Business Times:
The new Space Fence is part ofthe U.S. Departmenft of Defense's effort to continually track and detect objects such as space debris and satellitex in low and mediumearth orbit. Space Fence will replac the current VHF Air Force Spacre Surveillance System builtin 1961. "The new Spaced Fence system will provide better accuracuy and faster detection while allowing us to increase the numberd of satellites and other spacse objects that can be detected and thus avoiding collision and damage toother satellites," Rich Davis, director of speciak projects at Northrop Grumman's Advanced Concepts and Technology said in a statement. Australia is a candidate for the firsft SpaceFence location.
Two additional sites in other parte of the world are alsounderd consideration. Los Angeles-based Northrop (NYSE: NOC) is a defense and technologu company.
Sunday, October 17, 2010
Feds want more data on Metavante-Fidelity deal - St. Louis Business Journal:
Brown Deer-based Metavante (NYSE: MV) and Jacksonville, Fla.-basee Fidelity National (NYSE: FIS) had announcec the transaction April 1 and said they expectes to close the deal by thethirdc quarter. Fidelity National and Metavante executivews said Monday morning that the companiea have each received a request for additional information and documentar y material from the Departmenyof Justice. The so-called second request is a procedure in the regulatorty process underthe Hart-Scott-Rodinol Antitrust Improvements Act.
Fidelity Nationak and Metavante are in the process of gatheringh information in response tothe request, and are cooperating with Department of Justice reviews of the proposed merger, the companiezs said. The Justice Department request extends the waiting period imposed bythe Hart-Scott-Rodinko Act until 30 days after the companiez substantially comply with the request, unless that period is extendesd voluntarily by the companies and Justices Department or terminated sooner by the Justicwe Department, the companies The proposed merger also remains subject to customary including shareholder approval.
Metavante has agreed to a $3 billionn acquisition by Fidelity National in a deal that is expecte to result in the loss of hundreds of jobs as the companiea look tocut $260 million in annuall costs. Metavante has about 2,700 employees in metro Assuming the transaction receivesregulatory approval, the mergeed company’s headquarters will be in Jacksonvill and Metavante CEO Frank Martire will relocate there and serve as CEO. Metavante stock was trading at down89 cents, Monday Fidelity National was tradingf at $19.
42, down 34
Saturday, October 16, 2010
Study: Downtown Miami condos filling up - The Business Journal of Milwaukee:
The study found that 62 percent of the 73 condi developments and seven rental apartment buildings in the downtowmn area that have come online sincer 2003are occupied. “This is the first studt since the start of the constructio boom that provides a complete picture of the number of people living indowntown Miami,” said Lewis M. Goodkin, founded of , which conducted the research. Loweer prices and location are drivinhgthe demand, according to Craig Werley, founder and president of Focuse Real Estate Advisors.
Last month, the Soutnh Florida Business Journal reported that condo rentao programs were transforming urban attracting more young professionals and makinb a dent in the oversupply of housing from thecond boom. Condominium inventory and discounted trading prices will continue to enhancee the attractiveness and affordabilitg of the urban lifestyle in the downtown Ofthe 21,616 new condominium units completed, 13,337 have Of those, 98.6 percent are Average monthly sales of new units duringt the past three months increased over the three monthws prior, with a 12-month average of about 70 recorder closings a month.
The average monthly sales and leasingg activity of new unitsd has been about 350 units a Duringthe four-year period from 2004 througy 2007, an average of more than 2,00 condo units, on average, were absorbed each In 2008, more than 4,200 units were sold, despite the collapsed housing markeft and general economic recession. Of the totaol inventory of residential properties for salein Miami-Dad County last month, 26 percent were located in downtownm Miami. Historically, more than 70 percent of downtown Miamji residentswere renters. So, the balancexd 50-50 mix between owners and renterz in new downtown condominiums indicatesx a steady increase in home ownershi p amongarea residents.
Thursday, October 14, 2010
NTS buys Plainview Apartments - Business First of Columbus:
Financing for the purchase, which was made through an NTS , was provided by the , accordingy to a news release. The purchase price was not The previous owner was PlainviewApartments LP, a Denver-based investment partnership, according to online records from the Jefferson Countyu Property Valuation Administrator and the Kentucky Secretary of Its assessed value for tax purposes is $9.7 according to the PVA Web Occupancy at the time of the purchased was about 94 percent, the releasd said. NTS plans to enhance and renovate the propertty but no details were disclosed inthe release.
The apartmen complex was developed as part of the Plainviewplannes community, which includes 800 single-family homes, more than 1,009 apartments, 500 town homes, multiple shopping centers and nearlh 2 million square feet of office NTS began construction and development of the planned Louisville’s first, in the earlty 1970s. With the NTS Development Co. and its affiliates now own four apartmengt communitiesin Louisville. Its other holdings in the area are HurstbournseGrand Apartments, The Overlook at St. Thomas and The Willowe of Plainview.
NTS also manageas 14 other apartment communities and 31 commercial properties with more than 5 millioh feetof office, retail and warehousr space in the Southeast.
Wednesday, October 13, 2010
Another Tool to Root Almost Any Android Phone - Tom's Guide
UberGizmo | Another Tool to Root Almost Any Android Phone Tom's Guide Like the name suggests, » |
Monday, October 11, 2010
Duke, CFO study: CFOs foresee more job cuts, credit woes - Kansas City Business Journal:
The quarterly Duke University/CFO Magazine Global Businesw Outlook Surveyasked 1,309 CFOs worldwide about their expectation for the economy. Their answers paint a gloomg picture for the rest ofthe year. * CFOs in the U.S. and Europd expected employment to shrinjby 5.5 percent, with the unemployment rate in the U.S. seen risinf to perhaps as high as 12 percent in the next 12 Employment in Asia is expected to recedeby 1.
2 “Presumably, government programs will offsett some of these losses, but even the most optimistix government forecasts would reduce the losses by only 2 said Campbell Harvey, foundint director of the survey and international businessz professor at Duke’s Fuquz School of Business. “We’re facing the possibilitg of another 4 millionhlost jobs.” * U.S. and European CFOs foresere capital spending plunging by more than 10 In Asia, CFOs anticipate a 3 percent decline. * Six in 10 U.S. companies covered by the survey reported having troubl finding credit or acquiring credit at areasonablwe rate.
Among those firms encounteringtcredit impediments, 42 percent say the creditf markets have gotten worse this year, whil e 23 percent say conditions have improved. * Weak consumeer demand and the credit marketsz ranked as the top two externalk concernsamong U.S. chief financial officers, with the federall government’s policies coming in third. Among internalo concerns, CFOs are losing the most sleep over theird inability to plan due toeconomidc uncertainty, managing their companies’ capital and liquidity, and maintaininb employee morale.
Despite all the negative indicators, a majority of the CFOs in the Unitee States and Asia reported beiny more optimistic this quarter than they were theprevious quarter. That was not the case in Europe, wher e only 30 percent of the CFOs said they were more compared to the 31 percent who said they wereless “Our survey carries an important message: Don’gt put too much weight on the data like consumer confidence. Recovery require sustained confidence, and such confidencr is forged by stronger economic Harvey said.
“The economic fundamentals –- capital spending, the cost of credit – are still fundamentally To see the completesurvey results, go to the official Web site, .
Sunday, October 10, 2010
KeyCorp raises $1B through stock sale - The Business Review (Albany):
That’s up from the previously announced “at the offering of $750 million. The Cleveland-based company said the sharesz were sold inan “at the market” offering, meanin there will be no fixed price and sharews will be issued to the market over a period of at KeyCorp’s discretion. The shares are covered by a shelf registrationb already on file withthe U.S. Securities and Exchangs Commission. has been named sales KeyCorp (NYSE: KEY), which is parent to , said the sale is the “first leg” of its action plan for increasin its Tier 1 common equity OnMay 7, the company said it needed to increased Tier 1 capital by $1.
8 billion in ordere to satisfy the requirements of the federal government’e “stress test.” The government is asking the largest banks to hold additional capitapl buffers against a “more adversew than expected” economic scenario. Although KeyCorp meets the regulatory requirements forbeing “well-capitalized” with capital in excess of all required regulatorg measures, the stress test determined that under the scenario of a much harsher economic environment, the Cleveland bank woulrd be best served by raising the level of its Tier 1 With the completion of the offering, Key will have raisex about $1.3 billion of the $1.8 billion.
Key said further exchangees of its Series A Convertible Preferred Stocik and trust preferred securities for itscommoh shares, along with additional securities and otherd asset sales, will fund the balance. “Iy is our intention to be in a positiobn to repay the TARP Capital Purchase Program investment as promptlyyas permitted,” said Henryg Meyer III, KeyCorp CEO. KeyCorp has regional headquartersain Albany, N.Y., and operates about 50 KeyBank branchesw in the area.
Friday, October 8, 2010
Thursday, October 7, 2010
Verizon Entering iPhone Market? - KRMG
KRMG | Verizon Entering iPhone Market? KRMG Listed below are links to blogs that reference this entry: Verizon Entering iPhone Market?. There are no comments yet. Be the first to post one! ... |
Tuesday, October 5, 2010
Pinellas leaders pass on St. Petersburg's offer of Rays playoff tickets - Tampabay.com
Pinellas leaders pass on St. Petersburg's offer of Rays playoff tickets Tampabay.com PETERSBURG â" With the playoffs starting, the Tampa Bay Rays batting order isn't the only lineup attracting attention. There's also the lineup for tickets ... Plaid & baseb » |
Monday, October 4, 2010
'Arsenal up interest in Torino centre-back Angelo Ogbonna' - IMScouting
'Arsenal up interest in Torino centre-back Angelo Ogbonna' IMScouting Arsenal have raised their interest in Torino's highly-rated centre-back Angelo Ogbonna with a view to a January move for the player, according to Italian ... |
Saturday, October 2, 2010
Hot stuff on a chili day - Beckley Register-Herald
WVNS-TV | Hot stuff on a chili day Beckley Register-Herald Jill Moorefield, director of Beckley Renaissance, said it was a gorgeous evening for participants. âIt's a great crowd and a beautiful day,â she said. ... Chili Heats Up the Streets in Beckley |
Friday, October 1, 2010
5 Who Thrive: Four key changes enabled SuperGeeks to prosper - Minneapolis / St. Paul Business Journal:
“We’re seeing if they can fly in this and they should be able to matcnh the level of skill andqualit immediately,” Ledoux said. “Even if we’re desperatde for workers, we’ll still take the time to get it Beyond implementing stricterhirinvg standards, Kerr and Ledoux are creatinb a working environment that supports “A” employees without The fourth step, Kerr said, was to begijn soliciting feedback from SuperGeeks’ base of approximately 10,000 customerxs through online surveys and commen t cards.
“We started asking customers on a regulatr basis whatthey want, how they how we can do things differentlgy or better, which is something we hadn’f done before,” he adding that he encourages participation through giveaways for such itemzs as iPods and certificate s for a professional massage. “Sometimes the comments are manytimes it’s insightful, and almost always it’s worth Kerr said.