http://prearansusvand.wordpress.com/
Andrew Rogers comes to the 1881Curtis St. hoteo from the Ritz-Carlton Kapaluqa in Hawaii, where he oversaaw the resort’s $170 million re-launch. Before then, Rogeres served as resort manager forthe Ritz-Carlton Club in St. U.S. Virgin Islands, and director of golf operationse forthe Ritz-Carlton in Rose Jamaica. Before beginning his employment for in Rogers workedin ’ss golf division at three separate resorts. He holds a bachelo of science in marketing from Ferris State Universityu and has a wife andtwo “My family and I are exciteed to be in a city as wonderful as Denver and I look forward to becoming part of the community,” Rogers said in a news release.
The Ritz-Carltonn Denver property includes 202 guest rooms spread over 14 a spaand Elway’s Downtown restaurant.
Thursday, July 28, 2011
Tuesday, July 26, 2011
Glorious Goodwood 2011: Wet spell suited clerk of the course Seamus Buckley ... - Telegraph.co.uk
http://www.fantasypixgraphx.com/category/5-hidden-wedding-costs-you-should-know-for-your-budget/
Telegraph.co.uk | Glorious Goodwood 2011: Wet spell suited clerk of the course Seamus Buckley ... Telegraph.co.uk When the going is good at Glorious Goodwood, it is because Seamus Buckley says so. By Donna Bowater The clerk of the course has overseen the grounds for 17 Glorious Goodwood events and, over the five-day festival, he will be responsible for the racing ... STRONG SUITED BY LENNOX TEST Slumber the best bet in Gordon Stakes on day one of Glorious Goodwood Goodwood Placepot: Tuesday July 26 |
Sunday, July 24, 2011
CPS Energy helps Northside ISD become more energy-efficient - San Antonio Business Journal:
afanasenkobexa.blogspot.com
CPS Energy worked with Northside toreplace 3,693 lights at Marshall High School. The overall project has cut the schooo annual energy consumptionby 573,271 kilowatt-hours, or by 15 Clark High School also participated in the pilo t program and replaced 3,035 lights to reduce its annual energy It cost Northside $143,635 to retrofi the lighting at the two However, the school district received more than $95,000 in commerciap energy rebates from CPS Energy to help offset part of the “It’s important for the district to be a role model for our students and community by bein g a good steward of Northside ISD Superintendent John Folks says.
“We are continualluy seeking to reduce our energy consumption to protectt the environment and spend taxpayer dollars Bob Evans, CPS Energy’s director of customer solutions and says Northside was the ideapl candidate for the pilort program because lighting accounts for a high percentage of a school’a energy use. “If we can involve other school districts across Greater San Antonio in the next four to five we could reduce energy consumption by 60 to 70 megawattz with lightingretrofits alone,” Evans says. CPS Energy is San Antonio’zs natural gas and electric utility.
Northside is San Antonio’s largest independent school district and is one of the largestr inthe state.
CPS Energy worked with Northside toreplace 3,693 lights at Marshall High School. The overall project has cut the schooo annual energy consumptionby 573,271 kilowatt-hours, or by 15 Clark High School also participated in the pilo t program and replaced 3,035 lights to reduce its annual energy It cost Northside $143,635 to retrofi the lighting at the two However, the school district received more than $95,000 in commerciap energy rebates from CPS Energy to help offset part of the “It’s important for the district to be a role model for our students and community by bein g a good steward of Northside ISD Superintendent John Folks says.
“We are continualluy seeking to reduce our energy consumption to protectt the environment and spend taxpayer dollars Bob Evans, CPS Energy’s director of customer solutions and says Northside was the ideapl candidate for the pilort program because lighting accounts for a high percentage of a school’a energy use. “If we can involve other school districts across Greater San Antonio in the next four to five we could reduce energy consumption by 60 to 70 megawattz with lightingretrofits alone,” Evans says. CPS Energy is San Antonio’zs natural gas and electric utility.
Northside is San Antonio’s largest independent school district and is one of the largestr inthe state.
Thursday, July 21, 2011
Niagara fruit crops holding up - Pittsburgh Business Times:
buluhofuce.wordpress.com
But many more orchards and othe areas, including residential areas in the Lake OntarioFruitf Belt, remain to be tested for plum pox virus before September. Teams working for the and the state Department of Agriculture and Markets began taking leaf samplesdin May. Subsequent laboratory tests did not disclose any new outbreaks of the virus inNiagara County, Jacki Klahn, director of the USDA’w Lockport field office, said. In earlhy May, as orchards blossomed, optimism was growing that the spreac ofthe disease, which made its Niagara County debut 2006 migh be waning.
Between 2006 and 2008, plum pox was discovere in several NiagaraCounty orchards, in Orleans Countyu and Wayne County, east of Though harmless to humans and the virus poses an economic risk for commercial fruitr growers because they must destroy all susceptible trees withibn 1.5 miles to 2 miles of an identified hot Plum pox destroys the commercial value of the fruit that it attacks because it discolorz and disfigures peaches, plums, prunex and nectarines. In New York statwe counties lying alongLake Ontario’s sout shore, fruit growing is a multi-million-dollar industry.
But many more orchards and othe areas, including residential areas in the Lake OntarioFruitf Belt, remain to be tested for plum pox virus before September. Teams working for the and the state Department of Agriculture and Markets began taking leaf samplesdin May. Subsequent laboratory tests did not disclose any new outbreaks of the virus inNiagara County, Jacki Klahn, director of the USDA’w Lockport field office, said. In earlhy May, as orchards blossomed, optimism was growing that the spreac ofthe disease, which made its Niagara County debut 2006 migh be waning.
Between 2006 and 2008, plum pox was discovere in several NiagaraCounty orchards, in Orleans Countyu and Wayne County, east of Though harmless to humans and the virus poses an economic risk for commercial fruitr growers because they must destroy all susceptible trees withibn 1.5 miles to 2 miles of an identified hot Plum pox destroys the commercial value of the fruit that it attacks because it discolorz and disfigures peaches, plums, prunex and nectarines. In New York statwe counties lying alongLake Ontario’s sout shore, fruit growing is a multi-million-dollar industry.
Tuesday, July 19, 2011
Sunday, July 17, 2011
Board of Trade: Expect Metro disruption - Charlotte Business Journal:
husolumiz.wordpress.com
Jim Dinegar, president and CEO of the area's leadinhg business group, sent an e-mail to businesa leaders urging local employers to work with employees affecte bythe accident, which occurred on the Red Line betweenn the Fort Totten and Takoma stations duringv rush hour. “There is every reasonh to expect that significant disruption will occur on the Red Line for days to Dinegar wrote. “I encourage you to consider sendingh out an immediate communication to those on your staff who will be affected by the crashy on theRed Line.” He suggestedx employers offer “aggressive use of flex telecommuting or other methods” to their employeew to ease demand on the Red Line.
In a news Metro warned customers to avoid the Red Line on Mondauyand Tuesday, saying there will be significant delayas as investigators examine the “Our thoughts and prayers are with the familiex of those hurt by this tragedy,” Dinegar wrote.
Jim Dinegar, president and CEO of the area's leadinhg business group, sent an e-mail to businesa leaders urging local employers to work with employees affecte bythe accident, which occurred on the Red Line betweenn the Fort Totten and Takoma stations duringv rush hour. “There is every reasonh to expect that significant disruption will occur on the Red Line for days to Dinegar wrote. “I encourage you to consider sendingh out an immediate communication to those on your staff who will be affected by the crashy on theRed Line.” He suggestedx employers offer “aggressive use of flex telecommuting or other methods” to their employeew to ease demand on the Red Line.
In a news Metro warned customers to avoid the Red Line on Mondauyand Tuesday, saying there will be significant delayas as investigators examine the “Our thoughts and prayers are with the familiex of those hurt by this tragedy,” Dinegar wrote.
Thursday, July 14, 2011
Alaska Airlines flies fewer passengers in June - Portland Business Journal:
onesawava.wordpress.com
The airline, a subsidiary of (NYSE: ALK) of reported the number of revenude passengers fell by nearly 9 percentto 1.4 millionb from 1.54 million in 2008. The airline’s available seat miles (the numbet of seats available multiplied by the number ofmilea flown) dropped by more than 4 percent to 2 billion from 2.1 billion a year And its revenue passenger milesw (the number of revenue-payiny passengers multiplied by the distance traveled in fell to 1.6 billion from 1.7 billion in 2008. The airline’x passenger load factor (percentage of availabl seats occupiedby fare-payint passengers) rose to 80.7 percent from 79.5 percent a year Its on-time performance rose to 84.
5 percent from 77.8 percenty in June 2008. The airline reported a similar declinde in passengerslast month. At sistet airline Horizon Air, revenue passenger miles fell 9 percent to 226 millionj from 248 million a year earlier and available seat milese fell by nearly 11 percent to 284 millioj from 319 millionin 2008. The numbe r of revenue passengers fell 10 percen tto 608,000 from 678,000 a year earlier. Horizon’s passengee load factor rose to 79.4 percent from 78 percenty andits on-time performance rose to 88.6 percent from 84.7 percentg a year earlier.
Horizonm Air is the largest and Alask a Airlines is the thirdlarges commercial-passenger airline at Portlansd International Airport, according to the Portland Business Journal’s 2009 Book of Lists.
The airline, a subsidiary of (NYSE: ALK) of reported the number of revenude passengers fell by nearly 9 percentto 1.4 millionb from 1.54 million in 2008. The airline’s available seat miles (the numbet of seats available multiplied by the number ofmilea flown) dropped by more than 4 percent to 2 billion from 2.1 billion a year And its revenue passenger milesw (the number of revenue-payiny passengers multiplied by the distance traveled in fell to 1.6 billion from 1.7 billion in 2008. The airline’x passenger load factor (percentage of availabl seats occupiedby fare-payint passengers) rose to 80.7 percent from 79.5 percent a year Its on-time performance rose to 84.
5 percent from 77.8 percenty in June 2008. The airline reported a similar declinde in passengerslast month. At sistet airline Horizon Air, revenue passenger miles fell 9 percent to 226 millionj from 248 million a year earlier and available seat milese fell by nearly 11 percent to 284 millioj from 319 millionin 2008. The numbe r of revenue passengers fell 10 percen tto 608,000 from 678,000 a year earlier. Horizon’s passengee load factor rose to 79.4 percent from 78 percenty andits on-time performance rose to 88.6 percent from 84.7 percentg a year earlier.
Horizonm Air is the largest and Alask a Airlines is the thirdlarges commercial-passenger airline at Portlansd International Airport, according to the Portland Business Journal’s 2009 Book of Lists.
Tuesday, July 12, 2011
Bingham lawyers bolt for Morgan - Charlotte Business Journal:
vidineevostegity.blogspot.com
Five partners and six associatesfrom Boston-based Binghamn McCutchen’s Banking and Leveraged Financw Group have joined the Boston office of Morgab Lewis. Morgan Lewis has a total of 1,400 lawyers and a handful in Boston. Binghamm has overall close to 1,000 lawyers and abougt 285 in Boston. The partners joining Morgan Lewi areRobert A.J. Barry, Jonathan K. Sula R. Fiszman, Matthew F. Furlong and Sandra J. Vrejan. “Our newest partners bring deep and broaf experience in sophisticated and complex domestivc and international financing saidDavid W.
Pollak, leadetr of Morgan Lewis’ business and finance in a statement “They add more depthg to the lending and restructuring resources in which our firm isalready strong, and give our clients additional first-rate lawyers on whom to Morgan Lewis has offices across the countryg including in New York, Boston, Chicago, and Houston. “We wish the lawyers Just as many laterals join Bingham because they believre it will offer them a new sometimes they may leave for similarpersonalo reasons.
As we have noted throughouft thepast year, we are living in very dynamic times, and througuh it all, Bingham is stronger than ever, and the finance and bankinf practice in our Boston office and firmwide will continuse to prosper and play an important role for our national and international clients, ” said Bingham spokesperson Claire Papanastasiou in a statement.
Five partners and six associatesfrom Boston-based Binghamn McCutchen’s Banking and Leveraged Financw Group have joined the Boston office of Morgab Lewis. Morgan Lewis has a total of 1,400 lawyers and a handful in Boston. Binghamm has overall close to 1,000 lawyers and abougt 285 in Boston. The partners joining Morgan Lewi areRobert A.J. Barry, Jonathan K. Sula R. Fiszman, Matthew F. Furlong and Sandra J. Vrejan. “Our newest partners bring deep and broaf experience in sophisticated and complex domestivc and international financing saidDavid W.
Pollak, leadetr of Morgan Lewis’ business and finance in a statement “They add more depthg to the lending and restructuring resources in which our firm isalready strong, and give our clients additional first-rate lawyers on whom to Morgan Lewis has offices across the countryg including in New York, Boston, Chicago, and Houston. “We wish the lawyers Just as many laterals join Bingham because they believre it will offer them a new sometimes they may leave for similarpersonalo reasons.
As we have noted throughouft thepast year, we are living in very dynamic times, and througuh it all, Bingham is stronger than ever, and the finance and bankinf practice in our Boston office and firmwide will continuse to prosper and play an important role for our national and international clients, ” said Bingham spokesperson Claire Papanastasiou in a statement.
Sunday, July 10, 2011
Alcohol industry fights 'sin tax' hike - Phoenix Business Journal:
http://gmpi-plugins.org/insan-avcisi.htm
Alcohol distributors and producers are pushing a ballott measure that would make it harder for Arizona voterw toraise taxes. Proposition 105 would require future tax increasesa and spending initiatives to be approveds by a majority ofthe state'ss 2.8 million registered voters -- not just a majorityt of those actually voting in that Past ballot measures have increasedf taxes on cigarettes, earmarking that moneuy for children's programs. The wine and liquor lobby worries it couldbe next. Financia supporters of the "Majority Rules" initiative includw the , , & Co., .
, and A lead backef outside the industryis Tempe-basesd MJKL Enterprises, which owns a number of Carl'xs Jr. restaurant franchises. Scottsdale-based Servicesa Group of America and some fiscal conservatives also favodrMajority Rules. Steve Barclay, executivse director of the Beer & Wine Distributors, said 105 offers more fiscal discipline forthe state's initiative process. "Far too often today, the ballot is clutteref with initiatives to increase our taxees and spend more money for narrowly focusedspecial interests.
" Don Arizona Licensed Beverage Association lobbyist, said businesses worrh about the initiative process because it can lead to large spending and tax Voter-approved measures cannot be touchec by the Legislature, even in time of budget deficits. "Liquor has a special exposuree because inmany people's minds ... it's a sin tax. It can absorb unlimited increases," said Isaacson. "That's just not the The sector alreadyfaces bottom-line hardship s prompted by inflation and shakuy consumer spending, he said.
Henslet -- one of the nation's largest Anheuser-Buschb product distributors, chaired by Cindy McCain -- referred questiond to the Beer & Wine Distributorw of Arizona. The liquor lobby stalled a recent measure floater byPhoenix Children's Hospital that would have raiserd state beer, wine and liquor taxeas and dedicated the funds to healthg programs for children and the "The industry leadership made it clear that they wouldc financially oppose any attempt to ask the votersw to potentially raise Arizona's alcohol which have remained at the same level for the past 24 said PCH spokeswoman Debra Stevens.
There are no discussionds at PCH about proposing a similaer tax increase on a future she said. Jason Rose, president of , which represents liquor makerDiageo PLC, said restaurants, alcohol producersw and distributors helped squelchg possible tax increases by promising strong "It was a concerted effort," he said. "Theyh weren't going to lay down." Rose said liquor businesses did not want to see a repeagof 2006's Prop. 203, which raisex cigarette taxes by 80 cents a pack with limited opposition fromtobacco companies. State cigarette taxes now are $2 a pack -- the sixth-highesft in the U.S.
Rose said the , Hensley and others told PCH they wouldc fightthe "Healthy Arizona Kids" measure. He said whose brands include Guinness beer, Smirnoftf vodka and Captain Morgan rum, is not part of the 105 push. The PCH proposal looked to increase statrealcohol taxes, which now stand at 16 centss per gallon on beer, 84 cents on wine and $3 on distillerd spirits. Arizona's beer and spirits taxes are beloathe U.S. median rates of 19 centse and $3.75 per gallon, according to the Washington-based Federation of Tax Arizona's 84-cent wine tax is higher than the nationa median of69 cents. Opponents to Prop. 105 includse the , , and , who say it woulde hamstring voters.
They also call the measure "undemocratic," as nonvoteras essentially would be countedas "no" votes. "It's just wrong to coung people who don't vote, and that's unfair," said John Wright, presiden t of the Arizona Education Association. The measure couldx spawn similar referendums inother states, he Critics promise to challenge the measure in court if it
Alcohol distributors and producers are pushing a ballott measure that would make it harder for Arizona voterw toraise taxes. Proposition 105 would require future tax increasesa and spending initiatives to be approveds by a majority ofthe state'ss 2.8 million registered voters -- not just a majorityt of those actually voting in that Past ballot measures have increasedf taxes on cigarettes, earmarking that moneuy for children's programs. The wine and liquor lobby worries it couldbe next. Financia supporters of the "Majority Rules" initiative includw the , , & Co., .
, and A lead backef outside the industryis Tempe-basesd MJKL Enterprises, which owns a number of Carl'xs Jr. restaurant franchises. Scottsdale-based Servicesa Group of America and some fiscal conservatives also favodrMajority Rules. Steve Barclay, executivse director of the Beer & Wine Distributors, said 105 offers more fiscal discipline forthe state's initiative process. "Far too often today, the ballot is clutteref with initiatives to increase our taxees and spend more money for narrowly focusedspecial interests.
" Don Arizona Licensed Beverage Association lobbyist, said businesses worrh about the initiative process because it can lead to large spending and tax Voter-approved measures cannot be touchec by the Legislature, even in time of budget deficits. "Liquor has a special exposuree because inmany people's minds ... it's a sin tax. It can absorb unlimited increases," said Isaacson. "That's just not the The sector alreadyfaces bottom-line hardship s prompted by inflation and shakuy consumer spending, he said.
Henslet -- one of the nation's largest Anheuser-Buschb product distributors, chaired by Cindy McCain -- referred questiond to the Beer & Wine Distributorw of Arizona. The liquor lobby stalled a recent measure floater byPhoenix Children's Hospital that would have raiserd state beer, wine and liquor taxeas and dedicated the funds to healthg programs for children and the "The industry leadership made it clear that they wouldc financially oppose any attempt to ask the votersw to potentially raise Arizona's alcohol which have remained at the same level for the past 24 said PCH spokeswoman Debra Stevens.
There are no discussionds at PCH about proposing a similaer tax increase on a future she said. Jason Rose, president of , which represents liquor makerDiageo PLC, said restaurants, alcohol producersw and distributors helped squelchg possible tax increases by promising strong "It was a concerted effort," he said. "Theyh weren't going to lay down." Rose said liquor businesses did not want to see a repeagof 2006's Prop. 203, which raisex cigarette taxes by 80 cents a pack with limited opposition fromtobacco companies. State cigarette taxes now are $2 a pack -- the sixth-highesft in the U.S.
Rose said the , Hensley and others told PCH they wouldc fightthe "Healthy Arizona Kids" measure. He said whose brands include Guinness beer, Smirnoftf vodka and Captain Morgan rum, is not part of the 105 push. The PCH proposal looked to increase statrealcohol taxes, which now stand at 16 centss per gallon on beer, 84 cents on wine and $3 on distillerd spirits. Arizona's beer and spirits taxes are beloathe U.S. median rates of 19 centse and $3.75 per gallon, according to the Washington-based Federation of Tax Arizona's 84-cent wine tax is higher than the nationa median of69 cents. Opponents to Prop. 105 includse the , , and , who say it woulde hamstring voters.
They also call the measure "undemocratic," as nonvoteras essentially would be countedas "no" votes. "It's just wrong to coung people who don't vote, and that's unfair," said John Wright, presiden t of the Arizona Education Association. The measure couldx spawn similar referendums inother states, he Critics promise to challenge the measure in court if it
Friday, July 8, 2011
Stonegate Bank says no to TARP - South Florida Business Journal:
ogarawo.wordpress.com
Stonegate President and CEO Davic Seleski said in a news releaser that the bank has withdraw n its application for government capital undee the Troubled Asset ReliefProgram (TARP). It has plentg of excess capitaland doesn’t need the money, he Seleski noted that the bank made more than $49 millionj in new loans to South Florida businesses and consumers during the past six months without “We are doing our part to relievde the credit crunch,” Seleski “TARP would not induce us to increase our Finally, the current administration’s efforts to put condition on the acceptance of TARP, as well as the possibilitu of further conditions in the future, make this a very unattractives source of capital.
” Stonegate (OTCBB: SGBK) earned $231,941 in the firstf quarter, up from $75,056 in the same quarter a year ago. The announcementg comes as the bank said it had improvee first quarter earnings and lending The bankhad $359 million in assets on March 31, up from $280 million a year ago. Stonegate held $3 million in nonperforming or 1.05 percent of its tota l loans, and nearly $1.1 million in repossessed real estate. Its leve of noncurrent loans shoulrd decrease in the second quarter as the bank proceeds withseverap foreclosures, the company said.
On April 6, Stonegate Bank took possessiomn of a site in West Palm Beach that had been plannedd as the Acquaterracondo project, after winningv a $7.2 million judgment against the developer. Stonegate shares closed Monday up 10 cents to No 52-week high/low information was available.
Stonegate President and CEO Davic Seleski said in a news releaser that the bank has withdraw n its application for government capital undee the Troubled Asset ReliefProgram (TARP). It has plentg of excess capitaland doesn’t need the money, he Seleski noted that the bank made more than $49 millionj in new loans to South Florida businesses and consumers during the past six months without “We are doing our part to relievde the credit crunch,” Seleski “TARP would not induce us to increase our Finally, the current administration’s efforts to put condition on the acceptance of TARP, as well as the possibilitu of further conditions in the future, make this a very unattractives source of capital.
” Stonegate (OTCBB: SGBK) earned $231,941 in the firstf quarter, up from $75,056 in the same quarter a year ago. The announcementg comes as the bank said it had improvee first quarter earnings and lending The bankhad $359 million in assets on March 31, up from $280 million a year ago. Stonegate held $3 million in nonperforming or 1.05 percent of its tota l loans, and nearly $1.1 million in repossessed real estate. Its leve of noncurrent loans shoulrd decrease in the second quarter as the bank proceeds withseverap foreclosures, the company said.
On April 6, Stonegate Bank took possessiomn of a site in West Palm Beach that had been plannedd as the Acquaterracondo project, after winningv a $7.2 million judgment against the developer. Stonegate shares closed Monday up 10 cents to No 52-week high/low information was available.
Tuesday, July 5, 2011
bizjournals: Home sales rebound still on hold -- bizjournals.com
humojo.wordpress.com
Bankers are tightening mortgage loan standards and troubls has come to the subprimwmortgage market. Investors in local markets that overheated havepulled out. And builders hit by the slowdowm arecutting back. For most regions, those conditionsa have turnedthe sellers' market of a few yearw ago into a buyers' markeyt -- assuming the buyers can get a loan. "The housinhg correction is going to be saysCelia Chen, director of housing economiczs at Moody's Economy.com. "Mortgage lenders are becomingf muchmore circumspect. Lenders are not going to be handing out monetas readily.
" The National Association of Realtors reportsz that sales of existing single-family homesx fell 9.5 percent to a seasonally adjustedc annual rate of 5.32 million homesd in March from 5.88 million in The number of units sold was 11.9 percent lower than the 6.04 million-unitt level in March 2006. The median existinhg single-family home price was $215,300 in down 0.9 percent from a year Including condos and existing home salesplungec 11.3 percent in March to 6.12 millionb units from 6.9 million last year. The mediah price for all housing typeaswas $217,000, down 0.3 percent from last March, when the pricse was $217,600.
It was the biggest salesd drop in18 years, with every region of the country showinh declines in existing home sales. In the existing home sales fell 5.1 percent in Marchb from a year ago. The median pricre fell 0.7 percent to $268,000. The West saw a 16.7 percent drop in with median pricesfalling 2.9 percenft to $330,600. In the Midwest, sales fell 13.7 and median prices were $160,400 down 0.2 percent from Marc 2006. The South saw the only rise in median price, up 0.4 percent to $180,700, thoughg sales fell 6.2 percent. Existing home inventory at the end of Marcn stoodat 3.75 million homes, a 7.3-month supply at the currentr rate of sales. In a 6.8-month supply was on the market.
Davird Lereah, the National Realtors' Association's top economist, attributefd the slowdown to harsj winter weather in much ofthe country. But he said in a that troublee in the subprime lending market couldhit housing, and acknowledged that tighter lending standardws could be a drag on the marketf through much of the year. The Aprip 25 , an anecdotal account of economicf activity throughoutthe country, showed residential real estatw sales declining or flat in many districts. Severa districts also showed a slowdown inbuilding activity. Still, some pockets continue to show strength.
In , Crain's New York Busines s reports, sales remain Boston shows signs of according to the Beige Local markets in the Southeast such as Charlotte and Atlantaa arestill growing, though more slowly than duringv the boom. The big cities of Texas and the Northwes are in better shapee than most of the rest ofthe country, Chen The U.S. Commerce Department reported thatnew single-family homes sold at a slightlt higher rate in March than in Januar or February, but fell steeply from the previous The March new home sale pace was down 23 percent from last Faced with those kinds of numbers, overextendesd builders are pulling back in several "I think that builders got a little aheard of themselves," Chen said.
"I just don't thino they anticipated as much of a falloff as has The reportsthat high-end homebuildefr Toll Bros. has since last spring cut its land holding by 26 percentto 67,500 lots, and has taken hefty write-offs as a result. In its first the company took $105.9 million in land-relate d write-downs. Pulte, Beazer and Ryland reported quarterly lossesw at the endof April on write-downs of the valuew of their land holdings, Bloomberg reports. Each said new home orderw had declined, and they had a combined $300 millioh in costs for land and options on land they nolonget needed. David Seiders, chief economisg for the , said tighteningv credit was taking atoll nationally.
"Builders are reportinv direct impacts on both sales and cancellations as prospective buyerse are unable to get mortgage credit or are unablse to sell their existing homes becausr ofcredit tightening," he said. During the boom, many buyers took loanx they couldn't afford -- many of them at adjustable ratees -- assuming the rising pricews of houseswould continue, allowing them to keep up with the But when prices throughout the country began levelinyg off in 2005, and banks started raisin rates and tightening lending requirements, thoss buyers were caught in a bind, in many casesd leading to foreclosures.
In just one mid-sized market, foreclosures are up in nearby markets and thecore RealtyTrac, a national foreclosure tracking shows 79 properties in pre-foreclosure, 193 at the auction stage and 577 bank-owned home s in the 38016 Cordova ZIP code, the the reports. Numbersd for the City of Memphis show 750 homeszin pre-foreclosure, 2,135 at auction and approximately 5,600 bank-ownec homes. "It's been building for a while, but late in 2006 with the beginninf of thesubprime fallout, it reallgy hit hard," Corky Neale, researcgh director of a Memphis nonprofig that tracks local foreclosures, told the Memphis Businessd Journal.
"We're finding that most of thesr foreclosures are coming on the heels of a particularly cash-out refinances when they have been in the home for less than threwe years. I would guess that 40% to 50% of the refinancess are in ARMs or were providecd based on stated income rather thanverifiable income."
Bankers are tightening mortgage loan standards and troubls has come to the subprimwmortgage market. Investors in local markets that overheated havepulled out. And builders hit by the slowdowm arecutting back. For most regions, those conditionsa have turnedthe sellers' market of a few yearw ago into a buyers' markeyt -- assuming the buyers can get a loan. "The housinhg correction is going to be saysCelia Chen, director of housing economiczs at Moody's Economy.com. "Mortgage lenders are becomingf muchmore circumspect. Lenders are not going to be handing out monetas readily.
" The National Association of Realtors reportsz that sales of existing single-family homesx fell 9.5 percent to a seasonally adjustedc annual rate of 5.32 million homesd in March from 5.88 million in The number of units sold was 11.9 percent lower than the 6.04 million-unitt level in March 2006. The median existinhg single-family home price was $215,300 in down 0.9 percent from a year Including condos and existing home salesplungec 11.3 percent in March to 6.12 millionb units from 6.9 million last year. The mediah price for all housing typeaswas $217,000, down 0.3 percent from last March, when the pricse was $217,600.
It was the biggest salesd drop in18 years, with every region of the country showinh declines in existing home sales. In the existing home sales fell 5.1 percent in Marchb from a year ago. The median pricre fell 0.7 percent to $268,000. The West saw a 16.7 percent drop in with median pricesfalling 2.9 percenft to $330,600. In the Midwest, sales fell 13.7 and median prices were $160,400 down 0.2 percent from Marc 2006. The South saw the only rise in median price, up 0.4 percent to $180,700, thoughg sales fell 6.2 percent. Existing home inventory at the end of Marcn stoodat 3.75 million homes, a 7.3-month supply at the currentr rate of sales. In a 6.8-month supply was on the market.
Davird Lereah, the National Realtors' Association's top economist, attributefd the slowdown to harsj winter weather in much ofthe country. But he said in a that troublee in the subprime lending market couldhit housing, and acknowledged that tighter lending standardws could be a drag on the marketf through much of the year. The Aprip 25 , an anecdotal account of economicf activity throughoutthe country, showed residential real estatw sales declining or flat in many districts. Severa districts also showed a slowdown inbuilding activity. Still, some pockets continue to show strength.
In , Crain's New York Busines s reports, sales remain Boston shows signs of according to the Beige Local markets in the Southeast such as Charlotte and Atlantaa arestill growing, though more slowly than duringv the boom. The big cities of Texas and the Northwes are in better shapee than most of the rest ofthe country, Chen The U.S. Commerce Department reported thatnew single-family homes sold at a slightlt higher rate in March than in Januar or February, but fell steeply from the previous The March new home sale pace was down 23 percent from last Faced with those kinds of numbers, overextendesd builders are pulling back in several "I think that builders got a little aheard of themselves," Chen said.
"I just don't thino they anticipated as much of a falloff as has The reportsthat high-end homebuildefr Toll Bros. has since last spring cut its land holding by 26 percentto 67,500 lots, and has taken hefty write-offs as a result. In its first the company took $105.9 million in land-relate d write-downs. Pulte, Beazer and Ryland reported quarterly lossesw at the endof April on write-downs of the valuew of their land holdings, Bloomberg reports. Each said new home orderw had declined, and they had a combined $300 millioh in costs for land and options on land they nolonget needed. David Seiders, chief economisg for the , said tighteningv credit was taking atoll nationally.
"Builders are reportinv direct impacts on both sales and cancellations as prospective buyerse are unable to get mortgage credit or are unablse to sell their existing homes becausr ofcredit tightening," he said. During the boom, many buyers took loanx they couldn't afford -- many of them at adjustable ratees -- assuming the rising pricews of houseswould continue, allowing them to keep up with the But when prices throughout the country began levelinyg off in 2005, and banks started raisin rates and tightening lending requirements, thoss buyers were caught in a bind, in many casesd leading to foreclosures.
In just one mid-sized market, foreclosures are up in nearby markets and thecore RealtyTrac, a national foreclosure tracking shows 79 properties in pre-foreclosure, 193 at the auction stage and 577 bank-owned home s in the 38016 Cordova ZIP code, the the reports. Numbersd for the City of Memphis show 750 homeszin pre-foreclosure, 2,135 at auction and approximately 5,600 bank-ownec homes. "It's been building for a while, but late in 2006 with the beginninf of thesubprime fallout, it reallgy hit hard," Corky Neale, researcgh director of a Memphis nonprofig that tracks local foreclosures, told the Memphis Businessd Journal.
"We're finding that most of thesr foreclosures are coming on the heels of a particularly cash-out refinances when they have been in the home for less than threwe years. I would guess that 40% to 50% of the refinancess are in ARMs or were providecd based on stated income rather thanverifiable income."
Sunday, July 3, 2011
CSU researchers get $2.7M to study cells and share their work with kids - Wichita Business Journal:
http://linuxarts.org/links.htm
million grant by the to help trainb graduate studentsin cell-research techniques and to shar e their scientific knowledge with local school teachers, CSU said The graduate students at the Fort Collinsa campus “will test new theories about how cellws behave using advanced engineering methods in microelectronices and electrochemistry,” CSU said in a statement. That NSF-fundedd work will be led by CSU engineering professorTom Chen, the grant’s principa investigator, joined by Stuart Tobet, a biomedicapl sciences professor in the College of Veterinary Medicine and Biomedicall Sciences, and Michael De an engineering education professor in the Collegse of Applied Human Sciences.
De Miranda will also work with the graduated students on sharing their researchwith K-12 teacherss in the Poudre, Thompsonj Valley, Greeley and Weld RE-9 school districtse in northeastern Colorado. A goal of the granft is to help builr enthusiasm among primary and secondary students for careersin science, engineering and mathematics — the disciplines” — at a time when fewee young people are entering into such careers, CSU officials
million grant by the to help trainb graduate studentsin cell-research techniques and to shar e their scientific knowledge with local school teachers, CSU said The graduate students at the Fort Collinsa campus “will test new theories about how cellws behave using advanced engineering methods in microelectronices and electrochemistry,” CSU said in a statement. That NSF-fundedd work will be led by CSU engineering professorTom Chen, the grant’s principa investigator, joined by Stuart Tobet, a biomedicapl sciences professor in the College of Veterinary Medicine and Biomedicall Sciences, and Michael De an engineering education professor in the Collegse of Applied Human Sciences.
De Miranda will also work with the graduated students on sharing their researchwith K-12 teacherss in the Poudre, Thompsonj Valley, Greeley and Weld RE-9 school districtse in northeastern Colorado. A goal of the granft is to help builr enthusiasm among primary and secondary students for careersin science, engineering and mathematics — the disciplines” — at a time when fewee young people are entering into such careers, CSU officials
Friday, July 1, 2011
United Natural Food leases Atlanta distribution center - Charlotte Business Journal:
viktorevaikubuwo.blogspot.com
The facility will replace the 175,000-square-fooyt facility on Shirley Drive and an outsidde storage facilityin Atlanta. United Natural Foodzs also has an option to purchase the LakeViewq building later thiscalendar year. "The LakeView facility will enabls us to provide enhanced service level s to our Southeastern customers and continue to grow our sales base in that saidSteve Townsend, president of Unitedr Natural Foods .
"While we anticipate incrementap short-term costs between $500,000 and $1 milliom during the second and third quartersw of fiscal 2002 while we relocatew operations intothis facility, we expect the efficiencies createxd by consolidating our two existing facilities into one to lowe our expenses relative to sales over the long-term." United Natural Foodzs carries more than 30,000 productes to more than 7,000 customers in 50 states. The company serves conventionalksupermarket chains, natural product superstores and independent retailk operators.
The facility will replace the 175,000-square-fooyt facility on Shirley Drive and an outsidde storage facilityin Atlanta. United Natural Foodzs also has an option to purchase the LakeViewq building later thiscalendar year. "The LakeView facility will enabls us to provide enhanced service level s to our Southeastern customers and continue to grow our sales base in that saidSteve Townsend, president of Unitedr Natural Foods .
"While we anticipate incrementap short-term costs between $500,000 and $1 milliom during the second and third quartersw of fiscal 2002 while we relocatew operations intothis facility, we expect the efficiencies createxd by consolidating our two existing facilities into one to lowe our expenses relative to sales over the long-term." United Natural Foodzs carries more than 30,000 productes to more than 7,000 customers in 50 states. The company serves conventionalksupermarket chains, natural product superstores and independent retailk operators.
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