Bloomberg | Gross Says Investors Should Embrace a Defensive Strategy Amid Zero Rates Bloomberg Emphasize income, de-emphasize derivative structures that are fully valued and be willing to accept returns lower than historical averages, Gross wrote. The period of muted growth in developed economies, high unemployment and orderly deleveraging Pimco ... PIMCO's Gross Makes Big Break With Past Strategy Gross Says Investors Should Embrace Defense With Zero Rates PIMCO's Gross shifts to defensive investment model |
Tuesday, February 28, 2012
Gross Says Investors Should Embrace a Defensive Strategy Amid Zero Rates - Bloomberg
Sunday, February 26, 2012
Exclusive First Look: Laura Marano Performs In New 'Austin & Ally' Episode (VIDEO) - Celebuzz
Celebuzz | Exclusive First Look: Laura Marano Performs In New 'Austin & » |
Friday, February 24, 2012
A bigger imprint: Cottage Grove's Advanced Sportswear moves to Newport as it ... - South Washington County Bulletin
A bigger imprint: Cottage Grove's Advanced Sportswear moves to Newport as it ... South Washington County Bulletin After more than 25 years in Cottage Grove, Advanced Sportswear recently relocated to the Newport Center shopping mall. Terry Thompson recently moved his Advanced Sportswear screenprinting and embroidery business from Cottage Grove to Newport Center, ... |
BusinessWeek | No More Tweeting at the Steering Wheel BusinessWeek But you can still use a voice-automated system or controls built into the steering wheel to access the Web. LaHood has been pushing states to pass bans on the use of mobile phones at the wheel, something his agency doesn't have the power to regulate. < br /> |
Wednesday, February 15, 2012
State
Yee delivered a written statement to the explainintg that the Board of Equalization is workingy withthe , , and the to find functions that couls be consolidated. “Taking an incrementalk approach, consolidating those processes or functionds where we have common business approache s will lead to immediate efficiencies with little or no investmen on the part ofthe state’s generall fund for long-term gain,” Yee Members from the agencies met in May to talk consolidation possibilities, with likely candidates includint call centers, printing and electronic capture and the entire process of processing tax returns.
The agencies are making an inventory of equipment and expertise to see what can be sharedsor combined. Yee was elected to the five-member boar in November 2006 to represent the coastal region s from the Oregon border to SantwaBarbara County. The BOE collects more than $53 billion annual in salez taxes, property taxes, use taxes and The Franchise Tax Boardcollectsd personal, corporate and bank taxes in California.
Monday, February 13, 2012
International Paper completes $3.7 billion acquisition of Austin's Temple-Inland - Austin American-Statesman
International Paper completes $3.7 billion acquisition of Austin's Temple-Inland Austin American-Statesman By Barry Harrell International Paper Co. has completed its $3.7 billion acquisition of Austin-based corrugated packaging maker Temple-Inland Inc., the companies said Monday, finishing off the sometimes-contentious takeover bid that International Paper ... International Paper Completes Acquisition of Temple-Inland < nobr>MarketWatch (press release) International Paper deal for Temple-Inland closes International Paper's acquisition of Temple-Inland completed, company says |
Saturday, February 11, 2012
Cushman & Wakefield loses third Miami exec - Charlotte Business Journal:
Caplin’s exit is the latest of severa lrecent high-profile departures at C&W in Miami. The firm is one of Southg Florida's largest real estate brokerages and, like othef brokerages, has seen few investment deals in the last Former branch manager Tere Blanca left in the sprinvg tolaunch , a firm focused on officee leasing and sales. Hank Klein, executivwe director of C&W in Florida, was notifies last month that his positiob wasbeing eliminated. Steelbridge owns and manages propertgthroughout Florida. It sold , on Miami’s Brickell Key, for $150 millio in 2007 after an eight-year hold.
Steelbridgse founder Gavin Campbell will continue as managing sharing the helmwith Caplin. Caplin is one of a handful of commercial brokers involved inSoutg Florida’s largest commercial transactions. Caplin said his exit is in responsr to a paradigm shift in locak investment that comes at the tail end of a where leasing and management for institutional investor s became secondary tomarkett momentum.
During the boom years leading upto 2006, the expectatiob was that assets with strong track recorde could be purchased and flipped quickly for big For a short period of time, some owners made the strategu work, but then the economic meltdown put the brakes on the Some, who bought in the last few were holding assets that cost too much comparexd to market fundamentals. The markeft has now shifted back to fundamentao principlesof investment, with institutionaol investors and private capital “seeking to co-invest with nimble, local operating partners,” Caplin said.
“The marketr and investors mostlybelieve it’s about operationzs on the ground and knowing how to positionh a building in a particular he said. Caplin oversaw more than $7 billiomn in transactions at including ’ $307 million purchaswe of a half-stake in downtown Miami’ss landmark and full ownership of the 1221 Brickel building in 2006. He was involved in the sale of 355 Alhambrw in Coral Gablesfor $87. 3 million in 2008 and is currently working with Hines to refinance its debtat . Caplin is a graduatew of south Miami-Dade County’s Palmetto High School.
He graduatecd from in 1985 witha bachelor’s degree in finance and real Two years later, he left C&W’sa appraisal group to launch the company’s local investmen sales operation. Caplin was part of a team in the late 1980a that first specialized in investment salesin Miami. Durinh the mid-1990s, Steelbridge Capital had 2 million square feet of commercia real estate in its portfolip in seven Florida marketsincluding Jacksonville, Naplesw and Miami. They sold much of it from 2005to 2007. Caplin’sx arrival marks another periodof opportunity-investment for the Steelbridge’s Campbell said.
"We think valuations are finally startingg to lookattractive again,” Campbell said in a “The opportunity to buy Florida assets at significant discountsw to replacement cost is imminent, whilre the long-term job and demographic prospectz for Florida and the Caribbean basin are as stronhg as ever. Jay’s leadership will be the linchpin ofour strategy."
Thursday, February 9, 2012
What Do Democracy Promoters Actually Do? - NPR
What Do Democracy Promoters Actually Do? NPR He was taken aback by the legal proceedings in Egypt and worries that Russia or other countries leery about international democracy promoters will be watching closely to see how far Egypt goes. |
Tuesday, February 7, 2012
Pew report: Clean energy powers job growth - Triangle Business Journal:
study said Florida was one of 38 statesd and the District of Columbia in whichj job growth in the clean energy economt outperformed overalljob gains. Pew definerd a clean energy economy as one thatgeneratees jobs, businesses and investments while expanding clean energ y production, increasing energy efficiency, reducing greenhousse gas emissions, waste and pollution, and conserving water and other natural resources. In there was a 7.9 percentr increase in clean energy jobsfrom 28,845 jobs in 1998 to 31,122 jobs in 2007.
The numbers are a hard counr ofactual jobs, Pew said in a and range from jobs as diverse as engineers, plumbers, administrativs assistants, construction workers, machine setters, marketinbg consultants and teachers with annual incomes ranging from $21,000 to $111,000. jobs in the clean energ y industry grew at a rateof 9.1 percent between 1998 and 2007, while total jobs grew by 3.7 percent in the same period, the report says. Florida had 3,831 clea n energy businesses at the endof 2007, a 22.7 percenyt increase from 3,121 businesses in the report says.
There were 236 cleabn energy patents in Florida between 1999 and and venture capital firmsinvested $117 in cleaj technology in Florida between 2006 and 2008.
Sunday, February 5, 2012
February 2012 Contemporary Poetry Reviews - Huffington Post (blog)
February 2012 Contemporary Poetry Reviews Huffington Post (blog) Byrd's cerebral prose poems are couched in an air of hyper-rationality that belies their visceral energy. As those progenitors of the contemporary avant-garde, The Futurists, so famously encouraged in the years leading up to WWI, Byrd casts her ... Seth Abramson: February 2012 Contemporary Poetry Reviews |
Thursday, February 2, 2012
Crescent Resources files Chapter 11 - San Francisco Business Times:
Charlotte, N.C.-based Crescent Resources -- a joinft venture of and that specializesin mixed-use developments -- said the move is part of its strategh to reduce debt and improve its capita structure. The bankruptcy filing was made inthe U.S. Bankruptcy Courft in the Western Districtof Texas, Austin Before the Chapter 11 Crescent faced payments of $50 million by the end of this $75 million in 2010 and $100 million in 2011 on its Crescent Resources has landed $110 million in debtor-in-possession financinbg from a group of its existinvg lenders, which will provide sufficientr funds to operate its ongoing businese activities.
Crescent Resources CEO Arthur Fields has retirefd from the company and will continuew to work with the company in an advisory Andrew Hede, Crescent’s chief restructuring officer, will serves as CEO. Hede, a managing directodr with , has more than 15 year of financial restructuring andbusiness experience. “We have been in active discussions with our lenderz and other stakeholders as we work towards an agreement that will brinyg our capital structure in line with the currenteconomix environment,” Hede said in a news release.
Despite the unprecedented challenges facing the realestatew industry, we believe Crescent's underlying business model is solid, and our assetas remain very attractive. We are encouraged that our lenders have agreex to provide additional funding to support our continuedf operations and allow us to maintain the high levelk of service and amenities our customers have come to We intend to reach an agreement on our new capitapl structure and emerge frombankruptcy quickly.” Life insurancse giant could keep Cresceng Resources as its joint developmen partner on the new 20-storyg Phipps Tower, commercial real estate brokers and developers have said.
And Manulife has options to see the buildinv throughto completion, brokers and developera have said. Phipps Tower is a nearly 500,000-square-foot building next to Phippws Plazain Atlanta’s posh Buckheacd area. Crescent Resources is active in commerciakl and residential real estate development and land management acrosa the Southeast and Southwest and hascreated mixed-used developments, business and industrial parks, country-clu communities, single-family neighborhoods and apartment and condop complexes. It has 38 residential communitiee under development inthe Carolinas, Georgia, Texas, Florida and and is currently building 1,200 apartment units. It also owns 75,00o acres of land.
Crescent has 264 employees.