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David E. Ruskjer of Koloq was charged by a federal grand jury Wednesdahy for fraudulently raising the money from approximately140 investors. Amontg the charges against Ruskjer aremail fraud, wire fraud, currencg structuring and money laundering. The U.S. Attorney’a office alleges Ruskjer ran an investment and loan progra m out of Koloa calledRuskjer & Associates and Dave’ds Investment/Loan Program, promising investors returns of 3 percent to 5 percen t per month. The alleged activitiez occurred between September 2004 andDecembet 2008. Ruskjer allegedly used half ofthe $16 millioj for trading through TD Ameritrades but lost more than $2.
5 The government said “there was nevedr sufficient money to support the 3 to 5 percent interest rates he guaranteed his clients.” In classic Ponzi scheme Ruskjer allegedly used money from new clients to pay earliee clients to convince them he was makingf money for them. When the government seized Ruskjer’se trading account and bank accountslast Dec. 11, he had a combinesd balance of $4.1 million. Ruskjer is accusee of using much of the money onpersonakl expenses, including $528,458 on a condominium on Kauai, $29,000 on a Honda sedan and $10,000 on motorcycles.
If he faces up to 20 years in prison for each of the 17 mail and wirefrauds charges, and up to 10 years in prison for each of the 30 otherr charges. The case resulted from an Internal RevenueService investigation.
Thursday, May 31, 2012
Tuesday, May 29, 2012
Monday, May 28, 2012
St. Paul mayor calls for $3B in development for downtown - Minneapolis / St. Paul Business Journal:
axilecyqih.wordpress.com
The projects would call for $3 billiob in investment through 2015. The events districtf would feature ayouth ice-skating as well as retail stores and other commerciak and educational space. That project would requiree an initial investmentof $10 million. St. Paul is stilp pursuing private financing for the projec and may also use TIFdistricrt funds, a spokesman for the city said. Otherd elements include the Penfield project, a proposed development by Minneapolis-basde Alatus LLC that is expected to featurew more than200 apartments, a Lundws grocery store, 37,000 square feet of retaipl space and a 167-roonm Hyatt Hotel.
Alatus is still seeking financingf forthat project, the city spokesmann said. The mayor’s plan also includes redevelopmentg of the site andformer property. Construction on the Penfielrd project is expected to startthis year. Opus has rights to developl the site. However, it would like to see an officse tower, convention hotel and housing buil there. Initial investment would cost about $200 The plan also includes development of the West Side a 45-acre site downtown. That project would include residential, entertainmenr and commercial space. Coleman didn’tf detail where funding for the projects woulccome from.
Some of the such as the light-rail component, coulf be part of an eventuap federalstimulus package. Coleman also outlined plan to develop a riverside park near the Xcel Energg High Bridge and replace theLafayette Bridge.
The projects would call for $3 billiob in investment through 2015. The events districtf would feature ayouth ice-skating as well as retail stores and other commerciak and educational space. That project would requiree an initial investmentof $10 million. St. Paul is stilp pursuing private financing for the projec and may also use TIFdistricrt funds, a spokesman for the city said. Otherd elements include the Penfield project, a proposed development by Minneapolis-basde Alatus LLC that is expected to featurew more than200 apartments, a Lundws grocery store, 37,000 square feet of retaipl space and a 167-roonm Hyatt Hotel.
Alatus is still seeking financingf forthat project, the city spokesmann said. The mayor’s plan also includes redevelopmentg of the site andformer property. Construction on the Penfielrd project is expected to startthis year. Opus has rights to developl the site. However, it would like to see an officse tower, convention hotel and housing buil there. Initial investment would cost about $200 The plan also includes development of the West Side a 45-acre site downtown. That project would include residential, entertainmenr and commercial space. Coleman didn’tf detail where funding for the projects woulccome from.
Some of the such as the light-rail component, coulf be part of an eventuap federalstimulus package. Coleman also outlined plan to develop a riverside park near the Xcel Energg High Bridge and replace theLafayette Bridge.
Saturday, May 26, 2012
Videos: Beyonce Performs First Post-Baby Concerts At The Revel In Atlantic City - Gothamist
elzeyfirekuut1795.blogspot.com
Gothamist | Videos: Beyonce Performs First Post-Baby Concerts At The Revel In Atlantic City Gothamist Prior to the show, she released this video, showing her 8-weeks of preparation: Last night Beyonce sang hits ("Crazy in Love," "Single Ladies") and also merged songs, like her own "If I Were A Boy" with The Goo Goo Dolls' "Iris. Beyoncé talks jitters, preparation Beyonce Is Back! Singer Wows Fans with Comeback Performance [VIDEOS] Beyoncé live at Atlantic City's Revel Resort [Video] |
Thursday, May 24, 2012
El Dorado County folks riled by UN agenda for sustainable growth - Sacramento Bee
paramonaxogilozi.blogspot.com
El Dorado County folks riled by UN agenda for sustainable growth Sacramento Bee The six-county region will grow by 900000 people by 2035, according to SACOG. "They're going to take it down to where everybody will have to ride buses and public transportation," said Judy Mathat, a supporter of supervisor candidate Turnboo. |
Wednesday, May 23, 2012
3 Tenn. men plead guilty to abusing horses - Kingsport Times News
sucujovide.wordpress.com
ABC News | 3 Tenn. men plead guilty to abusing horses Kingsport Times News (AP) â€" Three men pleaded guilty Tuesday in federal court to abusing horses in a case that arose from an undercover video done by the Humane Society of the United States. Jackie L. McConnell, 60, of Collierville, Tenn.; John Mays, 50, of Collierville; ... Man caught on video abusing horses offered probation in plea deal News briefs from around Tennessee at 3:58 pm EDT Celebration punishes McConnell |
Monday, May 21, 2012
Saul Ewing adds 7 Buchanan Ingersoll lawyers in Wilmington - Business First of Columbus:
haga-aa8xuq.blogspot.com
office. The loss of the seven-lawyer group leavew Pittsburgh-based Buchanan with only one full-time partner in Wilmington and four lawyerwstotal there, and gives Saul Ewing the largest Wilmingtoh office of any full-service Philadelphia-based firm. The group includez office headWilliam Manning, who served as outside general counsel to the University of Delaware and also represents Verizon Corp. and Dover Downs. The litigatodr was once chief of staffc to formerDelaware Gov. Pete The other two partners areTeresa Currier, who led bankruptcgy efforts for Buchanan in and real estate lawyer Richarf Forsten.
The additions give Saul Ewing 19 lawyers in where bankruptcies have taken off during theeconomicx downturn. A large percentage of companies from around the country file for Chapter 11 protection in But because Delaware only hasabougt 2,000 lawyers and has a stron g set of indigenous law firms, the Wilmington market has been a tougyh one to crack for even neighboring Philadelphia firms. Amongt Philadelphia firms, Pepper Hamilton and Fox Rothschild have 17 DrinkerBiddle & Reathg has 15 and Blank Rome has 13. Saul Ewiny said Manning will serveas co-managing partner of the officwe with current office managingv partner and real estats lawyer Wendie Stabler.
office. The loss of the seven-lawyer group leavew Pittsburgh-based Buchanan with only one full-time partner in Wilmington and four lawyerwstotal there, and gives Saul Ewing the largest Wilmingtoh office of any full-service Philadelphia-based firm. The group includez office headWilliam Manning, who served as outside general counsel to the University of Delaware and also represents Verizon Corp. and Dover Downs. The litigatodr was once chief of staffc to formerDelaware Gov. Pete The other two partners areTeresa Currier, who led bankruptcgy efforts for Buchanan in and real estate lawyer Richarf Forsten.
The additions give Saul Ewing 19 lawyers in where bankruptcies have taken off during theeconomicx downturn. A large percentage of companies from around the country file for Chapter 11 protection in But because Delaware only hasabougt 2,000 lawyers and has a stron g set of indigenous law firms, the Wilmington market has been a tougyh one to crack for even neighboring Philadelphia firms. Amongt Philadelphia firms, Pepper Hamilton and Fox Rothschild have 17 DrinkerBiddle & Reathg has 15 and Blank Rome has 13. Saul Ewiny said Manning will serveas co-managing partner of the officwe with current office managingv partner and real estats lawyer Wendie Stabler.
Sunday, May 20, 2012
Clarcor to combine four area facilities in new River Ridge site - Business First of Louisville:
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The company, a Louisville-based subsidiary of Tenn.-based Clarcor Inc., manufactures air filters undee the brand namesof Airguard, Purolato r and Air Technologies. It employs about 380 local workersx who are housed at four separates facilities in Kentucky andSoutherj Indiana. Kevin Bush, vice president of operations for ClarcordAir Filtration, said thosee operations will be closed and combinedc in a new building at River Company officials also plan to hire aboutr 70 workers during the next couple of which will bring total local employmeny to 450.
Clarcor has signed a lease to take 450,0090 square feet in a 608,000-square-foot building developed by Louisville real estate firm The company has an option to take the remaindee of the space inthe building, according to Capstone presidenyt Stan Franczek. Franczek is a partnere in Capstone with Louisville Metro CouncilmanHal Heiner. Heinee was on vacation and could not be reached for comment beforeBusiness First’s press deadline. The local consolidation is part ofa $26 three-year restructuring plan that the Clarcor parenrt company launched in 2006. The goal is to improve operational efficiencies and reduce manufacturing costs atits air-filtration plants.
As part of the restructuring, Bush Clarcor Air Filtration is revamping its manufacturing facilitiesw to enable each plant to produce multiple airfilter brands. The compan also is automating many of its With the move toRiver Ridge, Clarcor Air Filtration plans to invest about $8.5 million to cove r equipment upgrades and other expenses that will allo w the company to accomplish both of thosr initiatives. Plus, having all operations under one roof eliminates the cost and hassle of transporting productx from the local manufacturing plants to the locakldistribution center, Bush said.
He estimated that Clarcoe Air Filtration will saveabout $1 millio annually as a result of thess streamlined operations. Bush said plans to combinw facilities have been in the works for the last 12 to 18 Company officials had reviewed other potentialpconsolidation sites, including locations in other states that Bush declinef to identify. The move to River Ridge Commerce Center in Clari County ensures the existintg 380 jobs remain in the GreaterLouisville region. “We’rde here for the long term, now that we’vwe made this decision,” Bush said.
“Anxd having these jobs in the Kentuckiana region versues another state is much better for the no matter what side of theriver you’re on.” Matt Hall, vice president of economic developmenr for One Southern Indiana, agreedx with that sentiment. “I don’t look at this as Jeffersonville winning out over New Albany or Indiana winninhg outover Kentucky,” he said. “W all talk about business retention and and this is exactly whatthis is.
We were able to retainh this business and give them the toolws and the site they need to Chris Poynter, communications coordinator for Louisville Metro Mayor Jerrhy Abramson, said local officialsw are “very disappointed” that the city will lose abouf 240 manufacturing and distribution jobs.
The company, a Louisville-based subsidiary of Tenn.-based Clarcor Inc., manufactures air filters undee the brand namesof Airguard, Purolato r and Air Technologies. It employs about 380 local workersx who are housed at four separates facilities in Kentucky andSoutherj Indiana. Kevin Bush, vice president of operations for ClarcordAir Filtration, said thosee operations will be closed and combinedc in a new building at River Company officials also plan to hire aboutr 70 workers during the next couple of which will bring total local employmeny to 450.
Clarcor has signed a lease to take 450,0090 square feet in a 608,000-square-foot building developed by Louisville real estate firm The company has an option to take the remaindee of the space inthe building, according to Capstone presidenyt Stan Franczek. Franczek is a partnere in Capstone with Louisville Metro CouncilmanHal Heiner. Heinee was on vacation and could not be reached for comment beforeBusiness First’s press deadline. The local consolidation is part ofa $26 three-year restructuring plan that the Clarcor parenrt company launched in 2006. The goal is to improve operational efficiencies and reduce manufacturing costs atits air-filtration plants.
As part of the restructuring, Bush Clarcor Air Filtration is revamping its manufacturing facilitiesw to enable each plant to produce multiple airfilter brands. The compan also is automating many of its With the move toRiver Ridge, Clarcor Air Filtration plans to invest about $8.5 million to cove r equipment upgrades and other expenses that will allo w the company to accomplish both of thosr initiatives. Plus, having all operations under one roof eliminates the cost and hassle of transporting productx from the local manufacturing plants to the locakldistribution center, Bush said.
He estimated that Clarcoe Air Filtration will saveabout $1 millio annually as a result of thess streamlined operations. Bush said plans to combinw facilities have been in the works for the last 12 to 18 Company officials had reviewed other potentialpconsolidation sites, including locations in other states that Bush declinef to identify. The move to River Ridge Commerce Center in Clari County ensures the existintg 380 jobs remain in the GreaterLouisville region. “We’rde here for the long term, now that we’vwe made this decision,” Bush said.
“Anxd having these jobs in the Kentuckiana region versues another state is much better for the no matter what side of theriver you’re on.” Matt Hall, vice president of economic developmenr for One Southern Indiana, agreedx with that sentiment. “I don’t look at this as Jeffersonville winning out over New Albany or Indiana winninhg outover Kentucky,” he said. “W all talk about business retention and and this is exactly whatthis is.
We were able to retainh this business and give them the toolws and the site they need to Chris Poynter, communications coordinator for Louisville Metro Mayor Jerrhy Abramson, said local officialsw are “very disappointed” that the city will lose abouf 240 manufacturing and distribution jobs.
Friday, May 18, 2012
YRC Worldwide restructures executive team - Atlanta Business Chronicle:
paramonaxogilozi.blogspot.com
In a release, Overland Park-based YRC (Nasdaq: YRCW) said Keith former president of YRCRegional Transportation; Michael Rapken, former executivr vice president and chief informatiob officer; Jim Ritchie, former president of YRC and Christina Wise, former vice president and treasurer, will leave the companu by June 30. YRC also detailed the following appointments, effective immediately: • John Garcisa is executive vice president and chiev sales officer. Garcia is responsible for sales strategy and resultws throughout YRC and its regionaloperatingh companies. Garcia was president of Overland Park-based ’s largesg wireless business unit and chief marketing officer forSprint S).
• Mike Smid, ’s presidenrt and COO, assumes responsibility for the operations of all YRC Worldwides regional andnational networks. • Tim executive vice presidentand CFO, leads a newly consolidate d organization comprising all strategic and operational finance activities throughoug YRC Worldwide companies. • Sheilsa Taylor, vice president of finance andinvestort relations, assumes the role of treasurer, reportingb to Wicks.
• Greg Reid, executive vice presidenty and chiefmarketing officer, will lead a consolidate d marketing effort, including brand and businesd development initiatives, supporting all YRC Worldwide • Mike Naatz, executive vice president and chief information and service officer, assumes responsibility for YRC Worldwide informatioj technology, YRC customer service and the strategic direction for the regional customee service functions. Naatz continues to lead YRC Worldwide’w program management efforts, initiallgy designed to support the successful integration of Yellowwand Roadway.
• John Carr assumes the role of presiden t forYRC Logistics, leading the YRC Worldwidew global logistics management company. Carr was COO for YRC Logistics and president for the Americasand Europe. All the executivesw except Taylor report directly to YRC Worldwide Chairman and CEO Bill Dan Churay, executive vice president, genera l counsel and secretary; and Jim Kissinger, executive vice president of human remain in their current roles, reporting to YRC Worldwide said in the release that the changews will strengthen its “focus on critical areas to streamline decision-making while eliminating redundant effortes and costs.
” “Today’s announcement is a strategic step as we take advantage of the full power of YRC Zollars said in the release. “A functional organizatioj structure allows us to dedicate an even broaderf team of seasoned experts to the supporft of our customers along all lines of our business clearly acompetitive advantage.” YRC’s announcement follows rough road for the compan y and the trucking industry the past several months. YRC , or $4.35 a share, in the first quartere as the freight recession continued to weigh down That compared with a lossof $46.37 million, or 82 centsw a share, a year earlier. in federal bailout assistance forpension obligations.
Company officials wouldn’t comment on the More recently, the company sold its headquartera to a group of local investors led by Ken Blockk andSteve Block, principals of Kansas City real estate firm Block Co. Inc. Realtors, in a sale-leaseback deal that includez apotential 30-year leased for YRC. The company didn’r disclose the price or buyer, and Ken Block said he couldn’t comment because of a confidentiality agreement, but a YRC Securitiews and Exchange Commission filing suggested the purchase priceswas $22.5 million. YRC ranks No.
2 on the Kansads City BusinessJournal ’s list of area public
In a release, Overland Park-based YRC (Nasdaq: YRCW) said Keith former president of YRCRegional Transportation; Michael Rapken, former executivr vice president and chief informatiob officer; Jim Ritchie, former president of YRC and Christina Wise, former vice president and treasurer, will leave the companu by June 30. YRC also detailed the following appointments, effective immediately: • John Garcisa is executive vice president and chiev sales officer. Garcia is responsible for sales strategy and resultws throughout YRC and its regionaloperatingh companies. Garcia was president of Overland Park-based ’s largesg wireless business unit and chief marketing officer forSprint S).
• Mike Smid, ’s presidenrt and COO, assumes responsibility for the operations of all YRC Worldwides regional andnational networks. • Tim executive vice presidentand CFO, leads a newly consolidate d organization comprising all strategic and operational finance activities throughoug YRC Worldwide companies. • Sheilsa Taylor, vice president of finance andinvestort relations, assumes the role of treasurer, reportingb to Wicks.
• Greg Reid, executive vice presidenty and chiefmarketing officer, will lead a consolidate d marketing effort, including brand and businesd development initiatives, supporting all YRC Worldwide • Mike Naatz, executive vice president and chief information and service officer, assumes responsibility for YRC Worldwide informatioj technology, YRC customer service and the strategic direction for the regional customee service functions. Naatz continues to lead YRC Worldwide’w program management efforts, initiallgy designed to support the successful integration of Yellowwand Roadway.
• John Carr assumes the role of presiden t forYRC Logistics, leading the YRC Worldwidew global logistics management company. Carr was COO for YRC Logistics and president for the Americasand Europe. All the executivesw except Taylor report directly to YRC Worldwide Chairman and CEO Bill Dan Churay, executive vice president, genera l counsel and secretary; and Jim Kissinger, executive vice president of human remain in their current roles, reporting to YRC Worldwide said in the release that the changews will strengthen its “focus on critical areas to streamline decision-making while eliminating redundant effortes and costs.
” “Today’s announcement is a strategic step as we take advantage of the full power of YRC Zollars said in the release. “A functional organizatioj structure allows us to dedicate an even broaderf team of seasoned experts to the supporft of our customers along all lines of our business clearly acompetitive advantage.” YRC’s announcement follows rough road for the compan y and the trucking industry the past several months. YRC , or $4.35 a share, in the first quartere as the freight recession continued to weigh down That compared with a lossof $46.37 million, or 82 centsw a share, a year earlier. in federal bailout assistance forpension obligations.
Company officials wouldn’t comment on the More recently, the company sold its headquartera to a group of local investors led by Ken Blockk andSteve Block, principals of Kansas City real estate firm Block Co. Inc. Realtors, in a sale-leaseback deal that includez apotential 30-year leased for YRC. The company didn’r disclose the price or buyer, and Ken Block said he couldn’t comment because of a confidentiality agreement, but a YRC Securitiews and Exchange Commission filing suggested the purchase priceswas $22.5 million. YRC ranks No.
2 on the Kansads City BusinessJournal ’s list of area public
Thursday, May 17, 2012
Text: Obama's speech in Green Bay - Phoenix Business Journal:
wanuso.wordpress.com
"Laura’s story is incrediblyg moving. Sadly, it is not Every day in this country, more and more Americands are forced to worry not simply abougtgetting well, but whether they can affordr to get well. Millions more wonder if they can afford the routine care necessary tostay well. Even for thosr who have health insurance, rising premiums are straininhg their budgets to the breakingpoint – premiuma that have doubled over the last nine and have grown at a rate three times faster than wages. Desperately-needed proceduresx and treatments are put off because the pricre istoo high.
And all it takes is a singlse illness to wipe out a lifetimeof "Employers aren’t faring any better. The cost of healthh care has helped leave big corporations like GM and Chrysle r at a competitive disadvantage with their foreign Forsmall businesses, it’s even One month, they’re forced to cut back on healtgh care benefits. The next month, they have to drop coverage. The montuh after that, they have no choice but to start layingoff workers. "For the the growing cost of Medicare and Medicaie is one of the biggest threats to ourfederak deficit. Bigger than Social Security. Bigger than all the investments we’ve made so far.
So if you’rre worried about spending and you’re worried abouf deficits, you need to be worried aboutt the cost ofhealth care. "Wse have the most expensive health care system inthe world. We spendc almost 50% more per persohn on health care than the next mostcostly nation. But here’s the thing, Green Bay: we’red not any healthier for it. We don’g necessarily have better outcomes. Even withib our own country, a lot of the places wher e we spend less on health care actually have highedr quality than places where wespensd more. Right here in Green Bay, you get more quality out of fewe r health care dollars than many other communities acrossthe country.
And yet, across the spending on health care goes up and up and up dayafter day, year after "I know that there are millionsz of Americans who are content with theid health care coverage – they like thei plan and they value their relationship with thei doctor. And no matter how we reform health we will keepthis promise: If you like your you will be able to keep your If you like your healtj care plan, you will be able to keep your healthh care plan. "But in order to preservre what’s best about our health care system, we have to fix what doesn’ t work. For we have reachedf a point where doing nothing abouyt the cost of healtu care is no longeran option.
The statuxs quo is unsustainable. If we do not act and act soon to bringbdown costs, it will jeopardize everyone’s healtj care. If we do not act, every Americamn will feel the consequences. In highet premiums and lower take-home pay. In lost jobs and shutteredx businesses. In a rising number of uninsured and a risingf debt that our children and their childrenb will be paying offfor decades. If we do within a decade we will spending one out of everg five dollars we earn onhealtjh care. In thirty years, it will be one out of evert three. That is that is unacceptable, and I will not alloq it as President of theUnited States.
"Health care reformn is not part of some wish list I drew up when I took It is central to our economixfuture – central to the long-term prosperity of this nation. In past yearzs and decades, there may have been some disagreementf onthis point. But not anymore. we have already built an unprecedented coalition of folkse who are ready to reform our healthhcare system: physicians and health businesses and workers; Democrats and A few weeks ago, some of theswe groups committed to doing somethinfg that would’ve been unthinkablre just a few years ago: they promised to work together to cut national health care spendint by two trillion dollarss over the next decade.
That will bringb down costs, that will bring down and that’s exactly the kind of cooperatiobwe need. "The question now is, how do we finis h the job? How do we permanently brinbg down costs and make affordable health care available toevery American? "My view is that reforjm should be guided by a simplw principle: we fix what’d broken and build on what works. "In some there’s broad agreement on the steps weshould take. In the Recovery Act, we’ve alreadg made investments in health IT and electronic medical records that will reducedmedical errors, save lives, save money, and still ensurs privacy.
We also need to invesgt in prevention and wellness programs that help Americans live healthier lives. "But the real cost savings will come from changintg the incentives of a systemm that automatically equates expensive care with better care from addressing flaws that increase profits without actually increasing the qualityof care. "W e have to ask why places like the Geisingefr Health system inrural Pennsylvania, Intermountain Healtg in Salt Lake City, or communitiesx like Green Bay can offer high-quality care at costs well belowq average, but other places in America We need to identify the best practiced across the country, learn from the and replicate that succesz elsewhere.
And we should changw the warped incentives that reward doctorz and hospitals based on how many tests or proceduresthey prescribe, even if those tests or proceduresw aren’t necessary or result from medical mistakes. Doctors across this countrgy did not get into the medical professionm to be bean counters or paper to be lawyers or business They became doctors to heal And that’s what we must free them to do. "Wwe must also provide Americanswho can’t afforx health insurance with more affordable options.
This is both a moraol imperative and aneconomifc imperative, because we know that when someone without health insurance is forced to get treatment at the ER, all of us end up paying for it. "So what we’re working on is the creation of somethinb called a Health Insurance Exchange which would allow youto one-stop shop for a health care plan, compare benefits and prices, and choose the plan that’s best for you. None of thesre plans would be able to deny coverage on the basis ofa pre-existingb condition, and all should includes an affordable, basic benefitt package. And if you can’t afforrd one of the plans, we should provid assistance to make sureyou can.
I also strongly believre that one of the options in the Exchange shoulrd be a public insuranceoption – because if the privatw insurance companies have to compete with a public option, it will keep them honest and help keep pricesa down. "Now, covering more Americans will obviouslyh cost a good deal of moneh at a time wherewe don’t have extra to That’s why I have alreadg promised that reform will not add to our deficit over the next ten To make that happen, we have alread y identified hundreds of billions worth of savingsz in our budget – savingsx that will come from steps like reducinvg Medicare overpayments to insurance companies and rootin out waste, fraud and abuse in both Medicare and I will be outlining hundredas of billions more in savings in the days to And I’ll be hones – even with these savings, reform will require additionalo sources of revenue.
That’s why I’vd proposed that we scale back how muchthe highest-income Americand can deduct on their taxes back to the rate from the Reaganh years – and use that money to help financd health care. "In all these reforms, our goal is simple: the highest-qualith health care at the lowest-possible We want to fix what’s broke and build on what As Congress moves forward on health care legislatiob in thecoming weeks, I understandc there will be different ideas and disagreements on how to achieves this goal. I welcome those and I welcomethat debate. But what I will not welcomd is endless delay or a denia that reform needsto happen.
When it comesx to health care, this country cannot continue on itscurrentg path. I know there are some who believre that reform istoo expensive, but I can assur e you that doing nothing will cost us far more in the comingh years. Our deficits will be higher. Our premiums will go up. Our wageas will be lower, our jobs will be and our businesseswill suffer. "So to those who criticizde our efforts, I ask, “What is the alternative?” What else do we say to all thosr families who now spends more on health care than housinvgor food? What do we tell those businesses that are choosing between closinyg their doors and letting theifr workers go?
What do we say to all thosre Americans like Laura, a womaj who has worked all her whose family has done everything right; a brave and proue woman whose child’s school recently took up a pennhy drive to help pay her medical bills? What do we tell them ? "I believe we tell them that after decadeds of inaction, we have finally decided to fix what is broken abougt health care in America. We have decider that it’s time to give every Americann quality health care at anaffordable cost.
We have decided that if we inves in reforms that will brinb downcosts now, we will eventually see our deficitx come down in the And we have decided to change the systekm so that our doctors and health care providers are free to do what they trainer and studied and worked so hard to do: make people well again. That’sx what we can do in this country; that’s what we can do at this and now I’d like to hear your thoughtw and answer your questions abourt how we get it Thank you.
"
"Laura’s story is incrediblyg moving. Sadly, it is not Every day in this country, more and more Americands are forced to worry not simply abougtgetting well, but whether they can affordr to get well. Millions more wonder if they can afford the routine care necessary tostay well. Even for thosr who have health insurance, rising premiums are straininhg their budgets to the breakingpoint – premiuma that have doubled over the last nine and have grown at a rate three times faster than wages. Desperately-needed proceduresx and treatments are put off because the pricre istoo high.
And all it takes is a singlse illness to wipe out a lifetimeof "Employers aren’t faring any better. The cost of healthh care has helped leave big corporations like GM and Chrysle r at a competitive disadvantage with their foreign Forsmall businesses, it’s even One month, they’re forced to cut back on healtgh care benefits. The next month, they have to drop coverage. The montuh after that, they have no choice but to start layingoff workers. "For the the growing cost of Medicare and Medicaie is one of the biggest threats to ourfederak deficit. Bigger than Social Security. Bigger than all the investments we’ve made so far.
So if you’rre worried about spending and you’re worried abouf deficits, you need to be worried aboutt the cost ofhealth care. "Wse have the most expensive health care system inthe world. We spendc almost 50% more per persohn on health care than the next mostcostly nation. But here’s the thing, Green Bay: we’red not any healthier for it. We don’g necessarily have better outcomes. Even withib our own country, a lot of the places wher e we spend less on health care actually have highedr quality than places where wespensd more. Right here in Green Bay, you get more quality out of fewe r health care dollars than many other communities acrossthe country.
And yet, across the spending on health care goes up and up and up dayafter day, year after "I know that there are millionsz of Americans who are content with theid health care coverage – they like thei plan and they value their relationship with thei doctor. And no matter how we reform health we will keepthis promise: If you like your you will be able to keep your If you like your healtj care plan, you will be able to keep your healthh care plan. "But in order to preservre what’s best about our health care system, we have to fix what doesn’ t work. For we have reachedf a point where doing nothing abouyt the cost of healtu care is no longeran option.
The statuxs quo is unsustainable. If we do not act and act soon to bringbdown costs, it will jeopardize everyone’s healtj care. If we do not act, every Americamn will feel the consequences. In highet premiums and lower take-home pay. In lost jobs and shutteredx businesses. In a rising number of uninsured and a risingf debt that our children and their childrenb will be paying offfor decades. If we do within a decade we will spending one out of everg five dollars we earn onhealtjh care. In thirty years, it will be one out of evert three. That is that is unacceptable, and I will not alloq it as President of theUnited States.
"Health care reformn is not part of some wish list I drew up when I took It is central to our economixfuture – central to the long-term prosperity of this nation. In past yearzs and decades, there may have been some disagreementf onthis point. But not anymore. we have already built an unprecedented coalition of folkse who are ready to reform our healthhcare system: physicians and health businesses and workers; Democrats and A few weeks ago, some of theswe groups committed to doing somethinfg that would’ve been unthinkablre just a few years ago: they promised to work together to cut national health care spendint by two trillion dollarss over the next decade.
That will bringb down costs, that will bring down and that’s exactly the kind of cooperatiobwe need. "The question now is, how do we finis h the job? How do we permanently brinbg down costs and make affordable health care available toevery American? "My view is that reforjm should be guided by a simplw principle: we fix what’d broken and build on what works. "In some there’s broad agreement on the steps weshould take. In the Recovery Act, we’ve alreadg made investments in health IT and electronic medical records that will reducedmedical errors, save lives, save money, and still ensurs privacy.
We also need to invesgt in prevention and wellness programs that help Americans live healthier lives. "But the real cost savings will come from changintg the incentives of a systemm that automatically equates expensive care with better care from addressing flaws that increase profits without actually increasing the qualityof care. "W e have to ask why places like the Geisingefr Health system inrural Pennsylvania, Intermountain Healtg in Salt Lake City, or communitiesx like Green Bay can offer high-quality care at costs well belowq average, but other places in America We need to identify the best practiced across the country, learn from the and replicate that succesz elsewhere.
And we should changw the warped incentives that reward doctorz and hospitals based on how many tests or proceduresthey prescribe, even if those tests or proceduresw aren’t necessary or result from medical mistakes. Doctors across this countrgy did not get into the medical professionm to be bean counters or paper to be lawyers or business They became doctors to heal And that’s what we must free them to do. "Wwe must also provide Americanswho can’t afforx health insurance with more affordable options.
This is both a moraol imperative and aneconomifc imperative, because we know that when someone without health insurance is forced to get treatment at the ER, all of us end up paying for it. "So what we’re working on is the creation of somethinb called a Health Insurance Exchange which would allow youto one-stop shop for a health care plan, compare benefits and prices, and choose the plan that’s best for you. None of thesre plans would be able to deny coverage on the basis ofa pre-existingb condition, and all should includes an affordable, basic benefitt package. And if you can’t afforrd one of the plans, we should provid assistance to make sureyou can.
I also strongly believre that one of the options in the Exchange shoulrd be a public insuranceoption – because if the privatw insurance companies have to compete with a public option, it will keep them honest and help keep pricesa down. "Now, covering more Americans will obviouslyh cost a good deal of moneh at a time wherewe don’t have extra to That’s why I have alreadg promised that reform will not add to our deficit over the next ten To make that happen, we have alread y identified hundreds of billions worth of savingsz in our budget – savingsx that will come from steps like reducinvg Medicare overpayments to insurance companies and rootin out waste, fraud and abuse in both Medicare and I will be outlining hundredas of billions more in savings in the days to And I’ll be hones – even with these savings, reform will require additionalo sources of revenue.
That’s why I’vd proposed that we scale back how muchthe highest-income Americand can deduct on their taxes back to the rate from the Reaganh years – and use that money to help financd health care. "In all these reforms, our goal is simple: the highest-qualith health care at the lowest-possible We want to fix what’s broke and build on what As Congress moves forward on health care legislatiob in thecoming weeks, I understandc there will be different ideas and disagreements on how to achieves this goal. I welcome those and I welcomethat debate. But what I will not welcomd is endless delay or a denia that reform needsto happen.
When it comesx to health care, this country cannot continue on itscurrentg path. I know there are some who believre that reform istoo expensive, but I can assur e you that doing nothing will cost us far more in the comingh years. Our deficits will be higher. Our premiums will go up. Our wageas will be lower, our jobs will be and our businesseswill suffer. "So to those who criticizde our efforts, I ask, “What is the alternative?” What else do we say to all thosr families who now spends more on health care than housinvgor food? What do we tell those businesses that are choosing between closinyg their doors and letting theifr workers go?
What do we say to all thosre Americans like Laura, a womaj who has worked all her whose family has done everything right; a brave and proue woman whose child’s school recently took up a pennhy drive to help pay her medical bills? What do we tell them ? "I believe we tell them that after decadeds of inaction, we have finally decided to fix what is broken abougt health care in America. We have decider that it’s time to give every Americann quality health care at anaffordable cost.
We have decided that if we inves in reforms that will brinb downcosts now, we will eventually see our deficitx come down in the And we have decided to change the systekm so that our doctors and health care providers are free to do what they trainer and studied and worked so hard to do: make people well again. That’sx what we can do in this country; that’s what we can do at this and now I’d like to hear your thoughtw and answer your questions abourt how we get it Thank you.
"
Tuesday, May 15, 2012
It's official: 15 General Motors dealers in Colorado to lose franchises - The Business Review (Albany):
ikefageze.blogspot.com
It was the first definitive statement of exactlu how many GM dealere in the state were informed thay will lose theid franchise agreementsin 2010. The Colorado Automobile Dealers Associatiob previously had estimated the number at 13 to 15 base on reportsfrom dealers. GM still is not releasing the namesa ofthe 1,323 dealers it plans to drop including the 15 in Colorado. The information came in a list releasefd by the House Energy andCommerce Committee'es Subcommittee on Oversight and Investigations, based on information providecd by GM. Executives of GM and which plans to shed 14Colorado dealers, testifiedf before Congress about their dealedr plans Friday.
GM's car line s include Chevrolet, Pontiac, Buick, GMC, Saab, Saturn and Hummer. It has some 6,000 dealershipse nationwide. Letters sent in mid-Mat to GM dealers the company plannedto drop, a copy of whicuh was obtained by the Denver Business said the automaker reviewed each of its sales volume, profitability, location and facilities alonf with other "market patterns." . "Based on our review and currentf and foreseeable market conditions andyour dealership'sd historical performance, we do not see that GM can have a productiv e business relationship with [namd of dealership] over the long term," said the dated May 14.
About 92 of Colorado's 264 auto dealerships sell one or moreGM lines, said Tim Jacksonm of the state auto dealers Additional dealers may lose their franchises later, GM has
It was the first definitive statement of exactlu how many GM dealere in the state were informed thay will lose theid franchise agreementsin 2010. The Colorado Automobile Dealers Associatiob previously had estimated the number at 13 to 15 base on reportsfrom dealers. GM still is not releasing the namesa ofthe 1,323 dealers it plans to drop including the 15 in Colorado. The information came in a list releasefd by the House Energy andCommerce Committee'es Subcommittee on Oversight and Investigations, based on information providecd by GM. Executives of GM and which plans to shed 14Colorado dealers, testifiedf before Congress about their dealedr plans Friday.
GM's car line s include Chevrolet, Pontiac, Buick, GMC, Saab, Saturn and Hummer. It has some 6,000 dealershipse nationwide. Letters sent in mid-Mat to GM dealers the company plannedto drop, a copy of whicuh was obtained by the Denver Business said the automaker reviewed each of its sales volume, profitability, location and facilities alonf with other "market patterns." . "Based on our review and currentf and foreseeable market conditions andyour dealership'sd historical performance, we do not see that GM can have a productiv e business relationship with [namd of dealership] over the long term," said the dated May 14.
About 92 of Colorado's 264 auto dealerships sell one or moreGM lines, said Tim Jacksonm of the state auto dealers Additional dealers may lose their franchises later, GM has
Monday, May 14, 2012
Obama: Doing 'nothing' about health care not an option - Business First of Louisville:
xeconatyxex.blogspot.com
“Health care reform is not something I just cookedx up when Itook office,” Obama told a crowdd of about 1,500 people Thursday at in the Green Bay suburh of Ashwaubenon. “It is centra l to our economic future. In past years and there may have been some disagreement on this Butnot anymore.” Earlier this Obama said he wants Congress to pass a comprehensive health care bill by the end of the summer and readyy for his signature by Many Democrats, including the president, favodr a government-sponsored health insurance plan that would competw with private insurers and be available for peopld not eligible for other government healtg care programs such as Medicare or Most Republicans and many businesx groups, however, say a competin plan that isn’t profit-driven would drivs private insurers out of business.
On Thursday, the , a physician’sw group Obama is scheduled to meet with Monday in said it is opposed toa government-sponsored insurance Obama said his administration is working on a Healt h Insurance Exchange that would allow people to comparre insurance benefits and prices. None of the plans included in the exchang e would be allowed to deny coverage baseon pre-existing conditions and all must includse an affordable, basic benefit option.
“I also stronglty believe that one of the optionsa in the Exchange should be a publi insuranceoption – because if the private insurancw companies have to compete with a publif option, it will keep them honest and help keep pricew down,” Obama said. Supporterws of health care reform say it woule provide health insurance coverage to millionsd of Americans and make coverag e more affordable for those who arealreadt covered. Because health insurance premiums have doubled over the last nine and have grown at a rate three time s fasterthan wages, even thosd with coverage have reached a breaking point, Obamaz said. Employers are not faring any better.
Small business ownerd have been forced to cut health care benefits or drop coverag entirely because of rising Obama said. “We have the most expensivs health care system inthe world,” Obama said. “We spenr almost 50 percent more per personm on health care than the next most costly But here’s the thing, Green Bay: we’rr not any healthier for it.” Obama vowed to let Americansa who are content with their coverags and their physicians keep what they but said the country has reached a poinyt where doing nothing abou the cost of health care is no longeer an option.
“If we do nothing, within a decade we will be spendingf one out of every five dollars we earn onhealtb care,” Obama said. “Ij 30 years, it will be one out of everyu three.” Obama acknowledged covering all Americans wouldbe expensive, but promised health care reform woulrd not add to the country’s deficirt over the next 10 years. “To make that we have already identified hundreds of billions wortgh of savings in ourbudgetg – savings that will come from steps like reducingg Medicare overpayments to insurance companies and rooting out waste, fraudf and abuse in both Medicare and Obama said.
In addition, Obama is proposing that Congress scale back the amountthe highest-income Americans can deduct on their taxes and use that monety to help finance health care. Obama spokd for about 20 minutes and then took questionzs from six people in the audience who expressef fearover “socialized medicine,” asked questions about wellness and even questioned the country’s education Regarding the idea of socialized Obama said that isn’t what he, or anyone in wants.
“Health care reform is not something I just cookedx up when Itook office,” Obama told a crowdd of about 1,500 people Thursday at in the Green Bay suburh of Ashwaubenon. “It is centra l to our economic future. In past years and there may have been some disagreement on this Butnot anymore.” Earlier this Obama said he wants Congress to pass a comprehensive health care bill by the end of the summer and readyy for his signature by Many Democrats, including the president, favodr a government-sponsored health insurance plan that would competw with private insurers and be available for peopld not eligible for other government healtg care programs such as Medicare or Most Republicans and many businesx groups, however, say a competin plan that isn’t profit-driven would drivs private insurers out of business.
On Thursday, the , a physician’sw group Obama is scheduled to meet with Monday in said it is opposed toa government-sponsored insurance Obama said his administration is working on a Healt h Insurance Exchange that would allow people to comparre insurance benefits and prices. None of the plans included in the exchang e would be allowed to deny coverage baseon pre-existing conditions and all must includse an affordable, basic benefit option.
“I also stronglty believe that one of the optionsa in the Exchange should be a publi insuranceoption – because if the private insurancw companies have to compete with a publif option, it will keep them honest and help keep pricew down,” Obama said. Supporterws of health care reform say it woule provide health insurance coverage to millionsd of Americans and make coverag e more affordable for those who arealreadt covered. Because health insurance premiums have doubled over the last nine and have grown at a rate three time s fasterthan wages, even thosd with coverage have reached a breaking point, Obamaz said. Employers are not faring any better.
Small business ownerd have been forced to cut health care benefits or drop coverag entirely because of rising Obama said. “We have the most expensivs health care system inthe world,” Obama said. “We spenr almost 50 percent more per personm on health care than the next most costly But here’s the thing, Green Bay: we’rr not any healthier for it.” Obama vowed to let Americansa who are content with their coverags and their physicians keep what they but said the country has reached a poinyt where doing nothing abou the cost of health care is no longeer an option.
“If we do nothing, within a decade we will be spendingf one out of every five dollars we earn onhealtb care,” Obama said. “Ij 30 years, it will be one out of everyu three.” Obama acknowledged covering all Americans wouldbe expensive, but promised health care reform woulrd not add to the country’s deficirt over the next 10 years. “To make that we have already identified hundreds of billions wortgh of savings in ourbudgetg – savings that will come from steps like reducingg Medicare overpayments to insurance companies and rooting out waste, fraudf and abuse in both Medicare and Obama said.
In addition, Obama is proposing that Congress scale back the amountthe highest-income Americans can deduct on their taxes and use that monety to help finance health care. Obama spokd for about 20 minutes and then took questionzs from six people in the audience who expressef fearover “socialized medicine,” asked questions about wellness and even questioned the country’s education Regarding the idea of socialized Obama said that isn’t what he, or anyone in wants.
Saturday, May 12, 2012
Despite end of IPO drought, U.S. venture-backed liquidity market at 6-year low - Atlanta Business Chronicle:
edovogopu.wordpress.com
Overall venture-backed liquidity fell 57 percentgfrom $6.48 billion in the second quartert of 2008 to $2.8 billion in the most recenty quarter, the report said. Venture capitalists generatex $2.57 billion through mergers or acquisitions of 67 portfoli o companies in thesecond quarter, a 60 percent declind from the $6.48 billion raised via 89 M&As in the same quarterr in 2008 and the lowesf quarterly M&A deal total since 1999. Three venture-backeds companies made public-market debuts in late May and raising a totalof $232 million. In the prioer 13 months, only one other VC-backed company completed an IPO, in Augusf 2008.
The two largest M&As of the quarter belongedf toSan Jose-based (NASDAQ: which bought San Francisco-based , a maker of digital for $590 million and Palo Alto, Calif.-based , a maker of workloasd management software, for $105 According to VentureSource, the overallk median amount paid for a venture-backed companyt in the second quarter of 2009 was just shy of $22 millio n -- a 46 percen t drop from the nearl $41 million median paid during the same periodd in 2008. The data showed that, prior to achieving liquiditg via a merger or acquisition in thesecond quarter, companies raised a mediaj of $16.3 million in venturr capital, 30 percent less than the $23.
4-milliob median seen during the same perior last year. In addition, the median amount of time it took to reachj liquidityvia M&A was 4.5 years, 25 percent less time than the 6-yea r median in the second quarte of 2008. The largesf IPO belonged to SolarWindsof Austin, Texas, whicbh raised $113 million in its May IPO. The companyt makes network and performancde management tools forthe enterprise.
Overall venture-backed liquidity fell 57 percentgfrom $6.48 billion in the second quartert of 2008 to $2.8 billion in the most recenty quarter, the report said. Venture capitalists generatex $2.57 billion through mergers or acquisitions of 67 portfoli o companies in thesecond quarter, a 60 percent declind from the $6.48 billion raised via 89 M&As in the same quarterr in 2008 and the lowesf quarterly M&A deal total since 1999. Three venture-backeds companies made public-market debuts in late May and raising a totalof $232 million. In the prioer 13 months, only one other VC-backed company completed an IPO, in Augusf 2008.
The two largest M&As of the quarter belongedf toSan Jose-based (NASDAQ: which bought San Francisco-based , a maker of digital for $590 million and Palo Alto, Calif.-based , a maker of workloasd management software, for $105 According to VentureSource, the overallk median amount paid for a venture-backed companyt in the second quarter of 2009 was just shy of $22 millio n -- a 46 percen t drop from the nearl $41 million median paid during the same periodd in 2008. The data showed that, prior to achieving liquiditg via a merger or acquisition in thesecond quarter, companies raised a mediaj of $16.3 million in venturr capital, 30 percent less than the $23.
4-milliob median seen during the same perior last year. In addition, the median amount of time it took to reachj liquidityvia M&A was 4.5 years, 25 percent less time than the 6-yea r median in the second quarte of 2008. The largesf IPO belonged to SolarWindsof Austin, Texas, whicbh raised $113 million in its May IPO. The companyt makes network and performancde management tools forthe enterprise.
Friday, May 11, 2012
Tacoma library system thinks patrons found new branches - TheNewsTribune.com
bakakinkorypon.blogspot.com
Tacoma library system thinks patrons found new branches TheNewsTribune.com Some former patrons of the Swan Creek and Martin Luther King Jr. libraries appear to have found new branches to call home, although community services previously housed by one of the shuttered libraries have not been so fortunate. |
Wednesday, May 9, 2012
UFC coming to American Airlines Center - Dallas Business Journal:
iwyqaxewun.wordpress.com
Tickets go on sale Saturday forUFC 103, whichn will be held Sept. 19, UFC announced “I’m excited the UFC is heading back to UFC President Dana White said in a releasse onthe company’s Web site. “Ou r event in Houston was a great Whereverwe go, fans know UFC deliverx great fights.” Ticket prices will range from $50 to Participating fighters include Josh Koscheck, Frank Trigg, Mike Swicok and Hermes Franca. The main eventg has yet to be “The UFC is the most successful organization in mixefdmartial arts,” said Ken Kuhl, assistan t vice president of events and bookinfg at American Airlines Center.
“American Airlinese Center is excited to give Dallaxs the opportunity to see this amazin roster of mixed martialarts live.” The event will be televisesd live on Pay-Per-View.
Tickets go on sale Saturday forUFC 103, whichn will be held Sept. 19, UFC announced “I’m excited the UFC is heading back to UFC President Dana White said in a releasse onthe company’s Web site. “Ou r event in Houston was a great Whereverwe go, fans know UFC deliverx great fights.” Ticket prices will range from $50 to Participating fighters include Josh Koscheck, Frank Trigg, Mike Swicok and Hermes Franca. The main eventg has yet to be “The UFC is the most successful organization in mixefdmartial arts,” said Ken Kuhl, assistan t vice president of events and bookinfg at American Airlines Center.
“American Airlinese Center is excited to give Dallaxs the opportunity to see this amazin roster of mixed martialarts live.” The event will be televisesd live on Pay-Per-View.
Monday, May 7, 2012
Lawmakers override card-check veto - Atlanta Business Chronicle:
efiosyt.blogspot.com
The override allows Hawaii labor uniones to more easily organize workers by simply having them signauthorization cards. House Bill 952 essentially takeds away the right of workera to vote by secret balloy on whether or not they would want to join a replacing it with the authorization If a majority ofa company’s workers sign the the union would automatically be recognized and free to bargain with The legislation is a coup for Hawaii’s labodr unions who have said the card-check process is simply mean t to streamline the present system and make it less But Wednesday’s override is perhaps one of business’ biggestf fears realized.
Employers have adamantly opposedfthe legislation, calling it an intimidation tactic used by unions to push otherwise reticent workers to organize.
The override allows Hawaii labor uniones to more easily organize workers by simply having them signauthorization cards. House Bill 952 essentially takeds away the right of workera to vote by secret balloy on whether or not they would want to join a replacing it with the authorization If a majority ofa company’s workers sign the the union would automatically be recognized and free to bargain with The legislation is a coup for Hawaii’s labodr unions who have said the card-check process is simply mean t to streamline the present system and make it less But Wednesday’s override is perhaps one of business’ biggestf fears realized.
Employers have adamantly opposedfthe legislation, calling it an intimidation tactic used by unions to push otherwise reticent workers to organize.
Saturday, May 5, 2012
St. Louis aldermen committee OKs Kiel Opera House plan - Puget Sound Business Journal (Seattle):
ovaluleq.wordpress.com
The plan now goes before the full board of aldermen. The Urban Developmentt and Zoning Committee had becauser members said they wanted more time to examinrthe proposal, and Richard Baker, president of , which operateas the , said the plan would stealo shows away from the Fox and , the New York City-basede firm that owns the and holds the long-term leas e to the Kiel, To alleviate concerns among competitors, SCP Worldwide agreed to limit the number of third-party theatrical shows it holds for the firstr five years, said Ken Munoz, a partner in SCP Worldwide. "Wre think this is a vote for St. he said. SCP Worldwide has brought in McEagled Properties, of O’Fallon, Mo.
, as a redevelopment partnerf and asgeneral contractor. David chairman of SCP thankedthe committee, Mayor Francis Slay and Comptroller Darlene Greebn "for putting their trust in our plan and sharin g our belief that the Kiel Opera House can and should be restored to the glor of its past." "Ws all want the same thinyg for St. Louis: a vibrant downtown, a thriving cultural and entertainmentt scene, additional jobs and a promising economic future for this andfuturer generations," Checketts said in a statement.
"Today’s committes vote approving our Kiel Opera House plan is the firsg step in making all of this a Last month, the city’s Land Clearancd for Redevelopment Authority to the board of aldermejn that the Kiel be re-declares blighted, paving the way for tax abatement for SCP Worldwide to support a restoration of the building into a theatrical and concerty venue.
The plan now goes before the full board of aldermen. The Urban Developmentt and Zoning Committee had becauser members said they wanted more time to examinrthe proposal, and Richard Baker, president of , which operateas the , said the plan would stealo shows away from the Fox and , the New York City-basede firm that owns the and holds the long-term leas e to the Kiel, To alleviate concerns among competitors, SCP Worldwide agreed to limit the number of third-party theatrical shows it holds for the firstr five years, said Ken Munoz, a partner in SCP Worldwide. "Wre think this is a vote for St. he said. SCP Worldwide has brought in McEagled Properties, of O’Fallon, Mo.
, as a redevelopment partnerf and asgeneral contractor. David chairman of SCP thankedthe committee, Mayor Francis Slay and Comptroller Darlene Greebn "for putting their trust in our plan and sharin g our belief that the Kiel Opera House can and should be restored to the glor of its past." "Ws all want the same thinyg for St. Louis: a vibrant downtown, a thriving cultural and entertainmentt scene, additional jobs and a promising economic future for this andfuturer generations," Checketts said in a statement.
"Today’s committes vote approving our Kiel Opera House plan is the firsg step in making all of this a Last month, the city’s Land Clearancd for Redevelopment Authority to the board of aldermejn that the Kiel be re-declares blighted, paving the way for tax abatement for SCP Worldwide to support a restoration of the building into a theatrical and concerty venue.
Friday, May 4, 2012
Web site rallies support for Coyotes
amesit.wordpress.com
Makeitseven.ca was established on the heelsa ofJim Balsillie’s offer to purchase the Coyotes for $212.6 million after the team filed bankruptcy May 5. The offert is conditional on relocating the team to Southernm Ontario and becoming the seventhh franchisein Canada. Southern Ontario is a hockey haven, boasting a population of more than 7 millionh and a strongeconomic base. “It’s amazing to see this level of excitemen t for NHL hockey in Southern which I believe to be the best unserved hockey market inthe world,” Balsillie, CEO of BlackBerry maker Research in Motion, said in a prepared statement.
On Coyotes fans will get the opportunity to show their support for the which faces a May19 face-off in U.S. Bankruptcy Courgt to determine who owns the The NHL contends it loaned Coyotez owner Jerry Moyes moneh in August and took control the financiallt strapped teamin November. Greg Esposito, senior director of the Save the Coyotea Coalition and itsWeb Savethecoyotes.com, wouldn’t estimate the turnout, but said it’s going to be big. “Everything that we’ve seen has been a very positive result,” he adding that the site is averagingb morethan 1,000 unique daily visitors, primarily from metro Phoenix.
The rallyy is organized by the coalition, which has numerousz ties to the Phoenix CoyotesBoostersw Club, Coyotes bloggers, KDUS-AM 1060 “The Fan,” and localk sports site Fanster.com. The Coyotes wouldn’t disclosse any information about the number of hits its home page A spokesman said that information iskept
Makeitseven.ca was established on the heelsa ofJim Balsillie’s offer to purchase the Coyotes for $212.6 million after the team filed bankruptcy May 5. The offert is conditional on relocating the team to Southernm Ontario and becoming the seventhh franchisein Canada. Southern Ontario is a hockey haven, boasting a population of more than 7 millionh and a strongeconomic base. “It’s amazing to see this level of excitemen t for NHL hockey in Southern which I believe to be the best unserved hockey market inthe world,” Balsillie, CEO of BlackBerry maker Research in Motion, said in a prepared statement.
On Coyotes fans will get the opportunity to show their support for the which faces a May19 face-off in U.S. Bankruptcy Courgt to determine who owns the The NHL contends it loaned Coyotez owner Jerry Moyes moneh in August and took control the financiallt strapped teamin November. Greg Esposito, senior director of the Save the Coyotea Coalition and itsWeb Savethecoyotes.com, wouldn’t estimate the turnout, but said it’s going to be big. “Everything that we’ve seen has been a very positive result,” he adding that the site is averagingb morethan 1,000 unique daily visitors, primarily from metro Phoenix.
The rallyy is organized by the coalition, which has numerousz ties to the Phoenix CoyotesBoostersw Club, Coyotes bloggers, KDUS-AM 1060 “The Fan,” and localk sports site Fanster.com. The Coyotes wouldn’t disclosse any information about the number of hits its home page A spokesman said that information iskept
Wednesday, May 2, 2012
On eve of signing deadline, Ritter OKs bills for truckers, movies, restaurants - Jacksonville Business Journal:
paramonaxogilozi.blogspot.com
But economic developers and investorx must continue to wait to see if the governodr will come to theirr aidbefore Friday’s deadliner to sign or veto legislation. Ritter began the day at the Allianc e for Sustainable Colorado Centerf indowntown Denver, signing thred bills that he said will continude to build the state’s “Nes Energy Economy.” House Bill 1298, sponsorer by Reps. Buffie McFadyen, D-Pueblo and Cory Gardner, R-Yuma, lets trucking companies get 25 percent reimbursemenr of the cost of buying andinstalling fuel-efficient technologies and emission-control devices.
More McFadyen said, it prorates sales tax on trucking equipment basedr on the percentage of miles companies drive in Coloradop and it allows truckers finalluy to take advantageof enterprise-zonwe tax breaks. “This bill is so incrediblyh important tothe industry, not only for the environment but for the survival of truckers that are in she said while tearing up at the signing. Housd Bill 1331, sponsored by Rep. Sara D-Arvada, expands the pool of vehicles eligiblefor alternative-fue l tax credits to include those that run on cleaner-burninv natural gas. It also eliminatew eligibility for some hybrid vehiclees that are not saidsponsoring Sen. Betty Boyd, D-Lakewood.
Ritter noted that the Coloradok Oil and Gas Association and the nonprofit group Environment Colorado both supporterdthe measure. “If COGA and Environmenty Colorado agree, it has to be a greag bill,” he said. And Senate Bill 75, championerd by the company Aspen Electric Cars and allows drivers tooperate low-speed electric vehicles on most roads with speede limits of 35 mph or lower. From there, Rittere went to the offices in Denvet and signed a measureto re-establisbh the Colorado Office of Television and Media. House Bill 1010, sponsored by Rep. Tom Massey, R-Poncha Springs, and former Rep.
Anne D-Denver, allows the office to soliciyt gifts and donations to offer incentives to producerw to make films inthe “I believe this move signals that Colorado is becoming serious aboug attracting production to the stats once again,” said Kevin Shand, executive director of the Coloradl Film Commission. “By becomin part of the state once again, the film office will once againh have resources to market Coloradk effectively and help expaned our economic development efforts in a new anddifferent direction.
” Finally, Ritter returned to his Capitol office to sign nine separate bills, including measures to help the restaurant and broadband Senate Bill 121, sponsored by Sen. Al White, eliminates the sales and use tax restaurantzs must pay when offering freeor reduced-price meals to Senate Bill 162, sponsored by Sen. Gail D-Snowmass Village, requires the Offic of Information Technology to create a map of wherse broadband technology is available and not available inthe state. Ritter has not announced his intentions on at leasrt two bills being watcher closely by thebusiness community, however.
One is Senate Bill 173, whicn would allow local governments to work with the statew Economic Development Commission to offed incentives to attract andbuild tourism-generating projects. The bill is considereed key to landing either of twopotential auto-racetrackk projects east of Aurora. The otherd is House Bill 1366, which limits the Colorado-sourcew capital gains subtraction to thefirsg $100,000 of gains on assets held for five years or If signed, the bill would generate $15.8 millioj to help balance the budget.
But economic developers and investorx must continue to wait to see if the governodr will come to theirr aidbefore Friday’s deadliner to sign or veto legislation. Ritter began the day at the Allianc e for Sustainable Colorado Centerf indowntown Denver, signing thred bills that he said will continude to build the state’s “Nes Energy Economy.” House Bill 1298, sponsorer by Reps. Buffie McFadyen, D-Pueblo and Cory Gardner, R-Yuma, lets trucking companies get 25 percent reimbursemenr of the cost of buying andinstalling fuel-efficient technologies and emission-control devices.
More McFadyen said, it prorates sales tax on trucking equipment basedr on the percentage of miles companies drive in Coloradop and it allows truckers finalluy to take advantageof enterprise-zonwe tax breaks. “This bill is so incrediblyh important tothe industry, not only for the environment but for the survival of truckers that are in she said while tearing up at the signing. Housd Bill 1331, sponsored by Rep. Sara D-Arvada, expands the pool of vehicles eligiblefor alternative-fue l tax credits to include those that run on cleaner-burninv natural gas. It also eliminatew eligibility for some hybrid vehiclees that are not saidsponsoring Sen. Betty Boyd, D-Lakewood.
Ritter noted that the Coloradok Oil and Gas Association and the nonprofit group Environment Colorado both supporterdthe measure. “If COGA and Environmenty Colorado agree, it has to be a greag bill,” he said. And Senate Bill 75, championerd by the company Aspen Electric Cars and allows drivers tooperate low-speed electric vehicles on most roads with speede limits of 35 mph or lower. From there, Rittere went to the offices in Denvet and signed a measureto re-establisbh the Colorado Office of Television and Media. House Bill 1010, sponsored by Rep. Tom Massey, R-Poncha Springs, and former Rep.
Anne D-Denver, allows the office to soliciyt gifts and donations to offer incentives to producerw to make films inthe “I believe this move signals that Colorado is becoming serious aboug attracting production to the stats once again,” said Kevin Shand, executive director of the Coloradl Film Commission. “By becomin part of the state once again, the film office will once againh have resources to market Coloradk effectively and help expaned our economic development efforts in a new anddifferent direction.
” Finally, Ritter returned to his Capitol office to sign nine separate bills, including measures to help the restaurant and broadband Senate Bill 121, sponsored by Sen. Al White, eliminates the sales and use tax restaurantzs must pay when offering freeor reduced-price meals to Senate Bill 162, sponsored by Sen. Gail D-Snowmass Village, requires the Offic of Information Technology to create a map of wherse broadband technology is available and not available inthe state. Ritter has not announced his intentions on at leasrt two bills being watcher closely by thebusiness community, however.
One is Senate Bill 173, whicn would allow local governments to work with the statew Economic Development Commission to offed incentives to attract andbuild tourism-generating projects. The bill is considereed key to landing either of twopotential auto-racetrackk projects east of Aurora. The otherd is House Bill 1366, which limits the Colorado-sourcew capital gains subtraction to thefirsg $100,000 of gains on assets held for five years or If signed, the bill would generate $15.8 millioj to help balance the budget.
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