South Suburban Computer Club Meeting – Inserting Tables and Graphs in ... - TribLocal

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South Suburban Computer Club Meeting â€" Inserting Tables and Graphs in ... TribLocal By Joe Hendrickson Yesterday at 1:34 pm The Chicago Computer Society South Suburban Computer Club New Users SIG meeting to be held on Tuesday, January 3, 2012, will feature a presentation on Microsoft Word 2010 with an emphasis on how to insert and ...

Standing in the gap their big thing - Portland Tribune

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Portland Tribune

Standing in the gap their big thing Portland Tribune The coaches asked Heimuli and fellow sophomore Wade Keliikipi to use their big bodies to take up blockers and free up other defensive players. Heimuli says his strategy is to “cover the two 'A' gaps, so they'll double- and triple-team me. ...

Shaq

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Philip Freedman, a broker with Flagstone said he would not identifythe buyer, whichh operates a Florida-based real estatd investment company. The sale closed as negotiations were being finalized totrade O’Neal from the Phoenix Suns to the Clevelandd Cavaliers. Freedman said Friday that the buyer was attractedx becausethe 2.5-acre, waterfront site is “a spectaculard piece of land” and intended it for “personal O’Neal paid $19.8 millionb for the property that included $1 million in Former center Rony Seikaly also owned the home at one The 7-foot-1 center, who helped bring an NBA championshilp to the Miami had tried several times to sell the house.
The first time O’Neak put it on the the price tag was morethan $30 million, but was soon pullec off the market. The price eventually dropped to $22.5 million. Both New York Yankeed slugger Alex Rodriguez and aTony award-winning Broadway producer had contracts fall through. providerd O’Neal with two mortgages on the propertytotalingg $15 million. The island has been home to Sean Comb s andGloria Estefan.

Cincinnati ranked

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The report divided the 100 largest metrosinto 20-city segments, ranging from “strongest” to San Antonio ranked at the top of the category, and Detroit placex last in the “weakest” category. The Cincinnat i metropolitan area ranked 62 of 100metros overall, just behin Minneapolis, according to the first-quartefr MetroMonitor report, released Wednesday. That placed it at No. 2 in the cities category.
MetroMonitor ranked citiesw according tofour indicators: the percent changd in employment from its peak to first-quartee 2009; the percentage change in the unemploymentt rate from 1Q 2008 to 1Q 2009; the percen t change in gross metropolitan product from its peak to 1Q 2009; and the percentg change in housing prices from 1Q 2008 to 1Q 2009. The grosxs metropolitan product is the total value of goode and services produced within themetrio area. Cincinnati ranked 50th of 100 for changdin employment, down 2.8 percent from its peak; 56th for year-over-yeard change in unemployment, up 3.6 percent; 78th for GMP, down 4.4 and 37th for year-over-year housing price up 0.1 percent.
Two cities in the regioj fared better: Columbus was 40th, at the botton of the “second-strongest” category. Indianapolis was 42nd, ranking at No.2 in the category. Other area metros in the second-weakest category included Cleveland, Louisville, 65th; Akron, 74th; and 79th. Youngstown (88th) and Toledo (91st) both fell into the category. The MetroMonitor will be published according to the Metropolitan Policy Program at To read thecomplete report, .

Investment group plans $50M project - Charlotte Business Journal:

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The Mooresville-based investment company says the $50 million projectr will create 150 jobs innortu Charlotte. According to a rezoning application filed with the city of the project calls for indoor andoutdoor retail, a 150-room restaurants, offices, conference space and indoor and outdoor kartingb and racing. Charlotte City Council will vote June 15 on theproposeds rezoning. If the application is approved, the site will be callef “Metrolina Speed and Sport The first phase of the project is slated for completionhin April.
“Our goal is to create an affordable familhy racing and entertainment destination with an amateur sports focusx and we believe Charlotte is the prim locationfor it,” says Simon Weber, president of Speedwag Investment Group. “We are committed to revitalizing the propertty in a way thatcelebratezs Metrolina’s rich history, embraces green technology and attractds national and international sports competitions as well as tourism dollars.” Wes Jones, president of of Charlottew has been named architect on the project. The Metrolinwa Expo property totals more than 135 acres and includez parkingfor 20,000 The site is on Old Statesville Road in the Derit a community.
Speedway Investment Group was foundedc in 2008 for the specifi c purpose of redeveloping the Metrolina site and creating an amateutsports destination.

Queen's pays $2.5M to settle Feds' claims - Pacific Business News (Honolulu):

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million to settle lawsuits thatalleged Hawaii’s larges hospital overbilled government health care programs for prescriptiom medications, federal prosecutors said Wednesday. The settlement was the resulft of two whistleblower lawsuits broughft by formerpharmacy technicians, who alleged that Queen’s overbilled the state’s Medicare and Medicaied programs, as well as the federal health insurance prograk for military dependents, according to a news release from U.S. Attorney Edwarc H. Kubo Jr.
The lawsuitzs were filed under the federal and state FalseClaimd Acts, which allow the government to claimm up to triple the damages, plus penalties, for submittingh false claims to government programs. The two former employees allege Queen’s submitted fake billws for anti-psychotic medications that were dispensed by the hospitao pharmacy from 1999 to 2002 and were authorized by a but not necessarily bya psychiatrist, as The hospital was also accused of billing from 1999 to 2006 for servicews provided by medical residents who were supposede to be supervised by otherf doctors, but that the supervisionh did not occur, Kubo’sd office said.
Under the settlement, Queen’s paid $2 million to the federal whichshared $400,000 of the proceeds with the two former employees, and $500,000 to the attorneys for the two Queen’s will also maintain a compliance program to ensur e its billings conform to the rules for five yearsd under a corporate integrity agreement with the U.S. Departmentt of Health and Human Services. Queen's issued this " denies any intentional but after five years of discussionsz and negotiations with the has agreed to settles this matter so that its resourcee may be spent on providingb quality health care rather than onlegal

Tennessee lenders so far steering clear of ARC loan program for small businesses - San Francisco Business Times:

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As of July 6, 251 loans were fundef with a valueof $8.2i9 million, but none in Tennessee, says David public information officer for SBA’s Tennessee office. “Atf this point I don’t know of in Tennessee, he says. “Banks are in a training phase; they have a learnintg curve.” Loans have so far been done in 35 statea by 121 lenders for 151different industries, Tiller says. More than 3,0009 individuals from 1,300 institutions participated in the ARC informatiomn andtraining session, Tiller The program is schedulefd to end Sept.
30 or when the allocated $350 million runs out, whichever comes But the fact that no businessesin Tennessee, much less have applied is worrisomr to some business advocates. “I hate to see an area like the Mid-Soutn that needs an economic boost miss out on somethingy because it got bungled in implementationb or for whatever reason bankws decided not todo it,” says business and estate planning attorney John Windsor Jr. with Windsor Law Firm PLC. Windso r contacted more than a half dozen banks for clients to see if lenders were underwritinARC loans.
Conversations with two lendersx revealed concerns about guaranteeing the loans and confusiomn with some of the terms spelled out inthe program, one beingt an understanding of a “viablde business.” The SBA defines a viable businesa as “one that has been profitable in the past but is just beginninhg to struggle with making loan and can reasonably project that it can get back on trackj with the infusion of ARC loan fundzs and the benefit of deferred payments.” Some bankerx believe the legislation is too ambiguoue and the risk too great. “The thrusr was they just don’t know what they can and can’f do,” Windsor says.
Anthony Wilkinson, president and CEO of the Okla.-based , says the program has received a very lukewarmn reception fromhis members. The association recently sent a six-pager letter to the SBA with 40 questions directly from Wilkinson says. Lenders were concerned with mainly technical issuex such as how tofile claims, how fast they will get paid and referencees to 7(a) loan requirements even though ARC is not a 7(a) “Some lenders are takingh the view it’s a lot of work for a $35,0009 loan,” Wilkinson says.

StartupNation's 2009 top 200 leading moms in business - Puget Sound Business Journal (Seattle):

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In an effort to honor the triumphs, tribulations and achievementd of moms running successful businessesacross America, StartupNation.com launcheds its first annual , sponsored by , and set out in searc h of the top 200 moms in According to the Centet for Women's Business Research, there are 10.6 milliohn women-owned businesses in the United Statesd generating $2.5 trillion in annuakl revenue. With women starting businesses at nearlyt twice the rateof men, it's no surprise that mother make up the fastest growing segment of new businessw owners.
The thousands of contestantse in this first annual competition illustrateed just how dynamic moms are in their adding color to the traditional 1950a mom portrayed in black and white TV The list ofthe —ranked ordered based on votes accumulated—has now been announced. The contestt clearly struck a chorf as the contestants reached out to their circlesa togenerate support. More than 620,000 votes came pouring in. The StartupNation editorial staff looked past the buzz and took its own tallh to identify the themes and trends commojn among the winning moms andtheir businesses. Perhaps those listed below will help explain whatmakee mom-owned businesses tick.
One thing that make moms so easy to love and so successful in business isthat they'rde motivated by more than just dollar signs. money is still a drivingv factor, but making a difference runs high on thelist and, many even trumps money. Authors Kira Gouldr and Lance Hosey address the topic of a greenedr gender intheir book, Womenb in Green, stating that studiee show that women are more likely than men to suppor t environmental causes through voting, activism and consumer choices. That conscientiousnesse often extends to the types of businesses moms choosdeto start.
Take the 50th ranked Margaret founder of Beaulily and creator ofthe , a soft fabrifc muff designed to provide warmth and activity for the elderly. Her inspiration for the TwiddleMufd came from her desire to ease the discomforr thather 90-year-old grandmother was sufferingg from due to the diminished use of her Although her grandmother providec her with the initial inspiration for the it's now the thousandes of customers benefitting from her creation that keep her motivated to continue. "Knowing that I've maybe made somebody's life a little more comfortable or easy makez it well worth the issues that I face as I go aboutg growingthis business," says Light.
She has since extended her productr line, incorporating cat and dog designs as well as differen t colors to meet the various demands of her growing listof customers. We came across several mom-owned businesses among the Top 200 wher e the childrenwere involved, but we were struck most by Yana Berlin, ranked #1 in the Top 200, launched , a sociap networking site geared toward womemn over 40, in 2006. Now, the site has thousands of members from around the world including theUnitee Kingdom, Canada and Australia.
And its successw is in large part due to her four children and nephea who help out with variousd aspects of the business ranginhg from helping her navigate the technical challenges of startingb a social networking site to spreading the word through publicx relations to keeping the businessw profitable with strategicfinanciakl budgets. Berlin never thought that Fabulously49 and Beyond would becomr afamily business, but it has - to the poinf that it's difficult for her familhy to talk about topics other than the Overall, the experience of startinb a business has been life-changing and has even inspirecd Berlin's eldest child to help other small businese owners with the public relations side of "Once children see their parents are doing something and they help their parents, it really sets them on the righr track.
" Berlin is not the only one to involver her children. Statistics show that familyu companies are responsible for 60 percent ofthe nation' s employment and 78 percent of new jobs created. evidence indicates that women-owned family businesses are better preparedd for transition scenarios and have higherr success rates than businesses controlled by theiemale counterparts. Victoria Colligan, founder of the women'x networking group, , and a promoter of this year'd Leading Moms in Business competitionhas noticed—as we did—how appealing it is to moms to wear the boss hat.
Calling the shots allows moms the flexibility and control they need to be the perenniall jugglersthey are. "Fo Moms, control over their lives, is the numbeer one reason they are inspirexto launch," says Colligan. This treasured flexibilityg isa trend, according to the Bureayu of Labor Statistics, which has confirmed that nearlt 26 percent of working women with children unde 18 work flexible schedules today comparedr with just 14 percent in 1991.
In searc h of flexibility, many moms turn to startingv their own businesses in order to obtain contropl overtheir schedules, stating that, despite the fact that startinyg and running a business can be an extremelg difficult task, they'd have it no otheer way. Nina Rodecker, founder of , is one such mom. ranked #3 among the top moms, had alwayds known that she wanted to start a businesds ofher own, but it wasn't untik she was pregnant and the cravingzs kicked in that she found her a catered cotton candy machine rental service.
Now, with an infant and a businessto nurture, she has found a way to make it all work in "I spin the cotton candy, returmn phone calls, reply to emailss when my baby's sleeping or when he's calm, I scheduls events and pick up orders when I know that there's no priort engagement, and I always allow extra time [to accounty for my] baby's crying," says Rodecker. Many mom-owner businesses are proving that some of the best businessesw are those that cater to hobbies women like to do at Take scrapbookingfor Scrapbooking.
com believes that the industry has the potentiakl to grow to $4 billion in the next ten In addition, with the down economgy forcing consumers to enjoy "staycations" and appreciate all that's home is becoming more of a treasurec place than ever. Kate Rothacker has found successd by creatinga home… away from As founder of the , ranked #22 in the Top 200 Leadin g Moms in Business, she offers her guests a scrapbookingy retreat where they can treasure their bond with others, and share meals The business is doing so well that Rothacker just opened a second location.
"Ig is something that [guests] want to remembe and come back to," says "They're looking for a place of comfort." On many of the main social networking sites, women outnumbet men by a considerable amount, but we also found that mom business owners are at the front of the curver when it comes to using sitesd like Facebook and email marketing solutionsfrom turn-keuy providers like to generate awarenesse for their businesses.
In anticipation of StartupNationprovided "Vote for Me" widgets that contestants could seamlessly incorporate into their emails, sociak networking profiles and Rothacker uses both social media and emaik marketing to get the word out about Cozy Crop House. She releaseed some of the first picturezs of the new locationb onher business's Facebooik page and created an exclusivs Yahoo! group for her past guests so that they coule network with each other.
It might be Rothacker'sa use of email marketing, though, that really helped her win the "It was a great way to ask peoplee to help spread the word to people who basically share the same interestswithout ‘Would you please tell peoplre about our business,'" says Rothacker. If the level of participation among contestants and voters in the firstr annual Leading Moms in Busines s competition isany indication, this is a hot sector of the smalll business economy. And it appears to be the ultra passionate moms that are creatingthat heat.
Being the cleveer marketers they are, contestants leveraged theidr participation in the competition as a way to generatee positive interest and awareness around their It helped that moms were able to monitod their progress in the competition by viewingtheir "popularity which ranged from "cool" to "on depending on the number of votes they had "There is certainly a bit of status connected with beinb on fire and that was very exciting," says Berlin, the winner by a was incredulous as her supporters carried her to the win.
And, perhapsw most importantly, Light enjoyex an increase in saless thanks to the interest and word of mouth that the competitiom generated forher business.

Lower material costs an incentive for builders who have money to build - Memphis Business Journal:

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In the past year, fuel pricwe upheaval caused the pricesof petro-dependent materials such as steel and shingles to spike and fall in Meanwhile, the cost of lumbe has dropped along with the demand for new buildings. construction costs are much lower rightf now than inrecent history, making it a tempting time to builr for those who have the Jim Whittington Jr., president of , says lumbef costs have fallen dramatically during the “Lumber is at record lows,” he says. “There’s just no demandd for it.” The average yearly price for framinh lumber per thousand board feetwas $252 in 2008, accordingh to Random Lengths, an industryh publication.
In 2004, the averagew price was $404. Whittington says the recession has causede a number of lumber mills to clos because of a lackof demand, but also because some companiess are trying to reduce supply in order to artificially boosf prices. Whittington says the businesz slowdown is nothing new for lumberyarda as the industry has been in a downward cycle for the lastthree years. “Naturally, our business is way he says.
Norris Bruff, owner of , says businesz has been slow for abouta year, with the main culpritx being lack of demand and fuel price High fuel affects more than just transportation costs, as many materialsx used in construction are petroleum based such as shingles, steel and “A lot of the productsa we sell have been severely affected by the pricew of fuel,” Bruff says. “Even thoughb business wasn’t great, prices have gone up.” For Bruff says last year they sold a square of shingleesfor $32.95, a product that now goes for “We’ve got the best of both worlds,” Bruff sarcastically. “Slow business and the pricse isgoing up.
” The most dramatic fluctuation in pricing has been for steel and steel-based products, says Wayne Smith, president of . “j haven’t seen anything that reallyg shocked me other than he says. “That affect a lot of things other thansteeol itself.” The price of steek has been difficult to predict. Mediuk steel sections per metric ton topped out in July at but have since dropped thanks to lowe rfuel costs, according to Steelonthenet.com. Medium steell sections cost $859 per metric ton in December 2007 but had droppefto $780 in December 2008. Lowefr labor and materials costs from the lack of demand make rightt now the best timeto build, says Chris president of , Inc.
“It’s a combination of everything right now,” he says. “We’ve seen decreases in materialk prices thatwe haven’t seen since 2000. Righf now, you can build a building at 2005 Accordingto Woods, the recent pricw drop has been the sharpest he has seen in his 35 yearz in the industry. “I don’t believe we will ever see building costs any less than theyare now,” he says. “u think once the economy turns around and building startsback up, we’rde going to see the rise in cost again.
” Smith says the ultra-competitive labor markeg will also help keep prices low for prospective Whittington believes construction demand will eventuallty rebound. “Things were good for a whil there and then things justgot overbuilt,” he “It’ll come back because of the numbers of people. Peopl have to have places to live. It’ll pick

For Baltimore Ravens, there's no place like home - Indianapolis Star

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Boston.com

For Baltimore Ravens, there's no place like home Indianapolis Star BALTIMORE -- In a story line dripping with irony, Baltimore wants nothing more than for the road to Indianapolis to travel through the city where the Colts once played. The Ravens don't need to be reminded, after losing on the road in the playoffs each ... Ravens breeze to 24-10 win, drop Colts to 0-13 Boston.com Suggs gets 3 sacks and forces 3 fumbles as Ravens roll to 24-10 win that drops ... Washington Post Ravens win 24-10, dropping Colts to 0-13 USA Today CBSSports.com  »

SendTec files for Chapter 11 bankruptcy protection - Tampa Bay Business Journal:

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The St. Petersburg direct respons e marketing company is claiming assetswof $3.7 million and liabilities of more than $17.e4 million. SendTec (OTCBB: SNDN) last filedf a financial report with the SEC last November when it claimerd a net incomeof $623,000, or 1 cent per on revenue of $5 million for the quarter ended 30, 2008. That was a turnaround from a $4.4 or 8 cents per loss on revenueof $7.4 millionm recorded the year before. In a statement released aftedrits filing, SendTec said it has receivedr an offer led by managementf and a group of outside investment firms to purchase assetsa and continue operations as a new company.
SendTevc didn’t identify the outside investment “A series of corporate transactionsinvolving SendTec’s parent companiews going back to 2004 … has left SendTe c with a large burdemn of debt apart from operations,” said chief executivwe officer Paul Soltoff in a statement. “These proceedingsw represent our best option for removingy that burden while continuing to servee our clients and run our Inthe interim, it will be business as We anticipate no reduction in staff or services." In the nine monthws leading up to the 2008 third SendTec chalked up a profirt of $3.5 million, or 5 cents per share, comparedd to a $13.
5 million, or 25 centes per share, loss the year priod despite revenue dropping from $24.5t million to $16.3 million. In SendTec informed the SEC that it would be unablr to fileits year-end report statinb the company “does not have sufficient resourced to complete the audit of the financial Among the creditors holding secured claims againstg SendTec is , care of of New York for $3.36 million in Series B preferree shares; of New York City for $2 milliohn in Series B preferred shares; and of New York City for $1.687 million in Series B preferred shares. Also holding a secured claimk is ofOld Greenwich, for $1.
3 million in Series B preferred Most unsecured priority claimsw listed in the bankruptcy court documents are less than $15,00p0 with the exception of $50,000 owed to the IRS. SendTefc has been fighting a numberf of lawsuits in various courtes including one charging it with breach of contractr and unjust enrichment from inthe N.Y. Supremre Court where motions are pending. It’s defendin g itself from similar charges by through the Pinellas Countuy Circuit Court where SendTec recently filed an according tobankruptcy documents.
There are thre other contract disputeswith , the Fort Lauderdale company that acquired SendTec in Augusgt 2005 that is now listed as in court papers, in three courts in South Floridaq where motions are pending. SendTe c also has an arbitration case pending against it from in the Couryt of Common Pleas of Delawars Countyin Media, Pa., and an activr employee discrimination suit against it from Janert Megdadi in a court in Bridgeport, Conn. Paul chief executive officer, owns 7.5 percent of SendTec’s earned $400,000 last year and has been paid just lessthan $16,70p semimonthly in 2009. Donald Gould Jr., chieg financial officer, owns 4.
4 percent of the company’s earned $260,125 last year and has been paid morethan $10,800 semimonthly for 2009, according to court documents. of Boca Raton owns the biggesrt piece of SendTecwith 18.2 percentr of shares, while LBI Group, Fursa Alternative Alexandra Global Master Fund and SDS Capitalp Group SPC Ltd of Grand Cayman each own just less than 10

Boulevard Co. sets sights on pair of apartment projects - Charlotte Business Journal:

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"We're reinventing ourselves as anapartment developer," says Branch, president of The prolific Charlotte company, which played a key role in the local condominium boom, has designs on developing rental buildings uptown and alongy Seventh Street in Elizabeth. Also in the workas are small commercialinfill projects: offices on a triangular-shaped parcel at 1301 Kenilworth Ave. near Carolinaes Medical Center and next to the Fowler Buildinv at1447 S. Tryon St. in Southu End. Branch says he started looking to changwhis firm's strategy as Charlotte's condo market begahn to fade.
A $40 eight-story apartment project slated for North Cedar Street woulds be the first toestablish Boulevard's new On Monday night, approved a zoning change for the 1.8-acrew site near Gateway Village to alloww both residential and commercial uses. Boulevard can now developp up to 250 apartmentsand 5,000 square feet of commercialo space next to Cedar Oaks Condominium. Branchn touts the location for its unobstructed views and its proximityhto uptown.
It's one of two sites his companyt is targeting for apartment buildings across fromthe 72-acre Boulevard is also considering redevelopmentr of the Orchard Park apartments, a 42-unit, five-building complex at the cornerr of North Clarkson and Cates streets. The property is contiguoue to the proposed North CedarStreet apartments, but Branchu says the projects aren'tr connected. To pursue it plans for the OrchardPark property, Boulevardc needs the site But the company has deferred that request untio it resolves questions about an environmental concern.
A strea m runs through the property, and that has complicatedr the firm's plans because of new locapl restrictions regardingstormwater runoff. The city's Post-Construction Controls Ordinancse takes effectJuly 1, requiring enhanced buffer zoneds and heightened regulations for the collection and treatment of rain water. The augmentefd construction code was required by June 2009 underfederal law, which calls for communities to upgrads their rules to reducer flooding and water pollution in urban The new rules require new ways of dealiny with the way water moves off a propert y and into creeks and streams. And Branch and others say that meanswnew costs.
"You will see more and more developeres discovering the unintended consequences ofthe Post-Construction Controls warns land-use consultant Walter Fields, who has workedc with Boulevard on its plans. "But no one will speak ill of tryingf to protectsurface water." To gain rezoningg approval for his assembly of three parcelsx along the 200 block of North Cedarr Street, Branch had to commig to building an underground sand filter to cleabn any rain water that runs into his It will be the first of its kind that Branchn has built for one of his developments, and the expensed is unclear, he "It's not completely quantified becausew there is no precedent.
" Branch says he will clos e on the land for the city-approved apartments within 30

Anthera Pharmaceuticals Promotes Dr. Debra Odink to Chief Technology Officer - Sacramento Bee

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Anthera Pharmaceuticals Promotes Dr. Debra Odink to Chief Technology Officer Sacramento Bee By Anthera Pharmaceuticals, Inc. HAYWARD, Calif., Dec. 5, 2011 -- /PRNewswire/ -- Anthera Pharmaceuticals, Inc. (Nasdaq: ANTH), a biopharmaceutical company developing therapeutics to treat serious diseases associated with inflammation and autoimmune ... Anthera Pharmaceuticals Promotes Dr. Debra Odink to Chief Technology Officer Market Watch (press release) Anthera Pharmaceuticals Promotes Dr. Debra Odink to Chief Technology Officer PR Newswire (press release)  »

Newmark Homes Houston buying local TOUSA assets - Business First of Buffalo:

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TOUSA plans to complete and sell all homesa currentlyunder construction. Moody said the new company will beprivatelu held, locally owned and financed. “Ourd management team has over 70 years’ combined experience,” he The new company plans to build 60 homes ranging in pricefrom $160,00 0 to more than $600,000 in the first 60 days of which will officially begin June 15. Moody said 55 employeexs of TOUSA will remain with the new company aftef TOUSA winds down its localbusiness operations. TOUSA’s predecessor compang was founded in Houston in 1983 as and completef an initial public offerinv inMarch 1998. In Decemberf 1999, TOUSA Inc.
acquired 80 percent of Newmark’ stock. TOUSA Inc. also acquired 100 percent of then-public in Novembefr 2000. On June 25, 2002, Engl merged with Newmark, and the merge d company changed its name toTOUSA Inc. In Hollywood, Fla.-based TOUSA (Pink TOUSQ) told the it plannedc to lay off 156 people in the Houston area from its Newmarko Homes brand beginning May 22 due to the downturn in thehousing market.

Universities chase stimulus cash for shovel-ready projects - The Business Journal of the Greater Triad Area:

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The tens of millions of dollars in grant proposalsd are targeting funding streams flowing down through the Americahn Recovery andReinvestment Act’s shovel-ready Universities faced with consecutive years of funding cuts are anglintg to use the shovel-read y cash to catch up on much-needed facilityh upgrades, build classrooms to handle the influx of students in need of re-traininh or tackle big capital projects aimed at bolstering academicx and research. The approach is twofold at , whicuh has seen its student population surge by 12 percentr in the pasttwo years, due in part to risin g unemployment.
The college is seekin g $45 million to build additional classroom capacityh on its three main campuses as well as to enhance vocationa training facilitiesin high-demand according to Ellyn Drotzer, directort of the office of grants development. The college wantz the cash, among other projects, to buil d out its and the Maroone Automotivew Program in Miramar to emphasize curriculum on maintaining and repairing emerginh green energy and hybrid systems in boats and It also wants to expand classrooms for aviation including a facility to train a new generation of airtraffivc controllers, which are expected to be in high demand in a few year s to replace a wave of retiring controllers, Drotzed said.
“These are all shovekl ready,” she said. “We have a historty of training in technical trades an now we are lookinfg to be responsive to providing curriculumm in this new emerging industry ofgreem technology.” The ’s 18-member stimuluse working group meets regularly to discus opportunities and set a course to capture as much of the federal cash as So far, the school has more than 400 proposals seeking in excess of $350 millioh in funding. “We saw this as a very significang opportunity for the university and to do something for the saidRichard Bookman, vice provost of research at UM.
Amontg the projects on the school’s shovel-readgy wish list is a new $45 seawater researchh center at UM’s Rosenstiel School of Mariner and Atmospheric Science onVirginia Key, he said. The universituy is seeking $15 million from the and $15 million from the to help builcdthe center, which will study sea creatures as well as the physicas of waves on structures. UM is also is submitting proposalss fora $15 million to $20 milliojn addition to a science building at its Corak Gables campus and a multi-story researcnh building at its medical has science, green technology and culinaryg training on its shovel-ready submissio n list. The school is requesting help fundinga $22.
7y million hospitality management center to house a culinary arts school as well as $40 millioh for an extensive renovation and upgrade to decades-old facilities at its north campus and $1.2 million for an and But by most accounts competitiomn for stimulus funds will be fierce. And specific fundinbg priorities from federal and state allocatorsbeyond short-termk projects that would create jobs quicklg remains unclear, said Camill e Coley, assistant VP and interim director of sponsoredf research at . “They are not telling us what they arelookingv for,” she said. But FAU is seeking $4.
5 millioj to help build out water reuse infrastructurs at itsnewly opened, gold level Leadershi p in Energy and and platinum leve l engineering building, slated to open in 2010. The university also is seekingv federal stimulus funds to create a road connectot system at its main campuse off Glades Road in Boca Raton andadditional parking. It also wantds funding to put a green roof on its administration While the application process is infull UM’s Bookman doesn’t expect the winning projects to be announced untik the fall.

Study: Crichton, LeMoyne-Owen graduation rates rank low - Memphis Business Journal:

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Crichton is tied for fourth worst in the categoryh with a 19 percent graduation while LeMoyne Owen ties for 10th at22 percent. The nationwidr average graduation rate is54 percent. The study arrangesx 1,385 schools into six categories of entrance difficulty ranging from to “most competitive.” Then, using data from the , the studt ranks the schools by likelihoodc of graduation over a six-year period. According to the report, “Thwe South has the dubious distinction of housing institutions with some of the lowest graduation ratea inour sample.
” ’s rate of 44 percenf ties for third worst graduation percentage amongy “very competitive” schools in the South. Sewanee: The places thire highest amongthe South’s “highly competitive” schoolsz with 78 percent, and ranks as fourth highesg in the “most competitive” field with a 91 percenft graduation rate. The graduates 34 percent of its , 57 percent; and , 73 percent. The Tennessee stated average is 48.5 percent.

UMB will restructure asset-management business - Kansas City Business Journal:

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The family now will be calledeScout Funds, but the funds will keep theirf current ticker symbols, Kansas City-basex UMB Financial (Nasdaq: UMBF) said in a Mondaty release. Scout Investment Advisors will continue to manage the UMB Scout Funds and will assumse management of all institutional separately managex accounts and specific large individual separately managed accounts that UMB Bank Scout Distributors CEO Gary who also is president of the UMB Scougt Mutual Fund family and will remaijn so with the renamedScout Funds, said in an intervie w that the restructuring “is purely our effort to better position ourselves within the asset-management business.
” “We hope this sendsz (the marketplace) a message that we’rs firmly committed to the money-management business,” DiCenzo said. “It’ s an outstanding way to briny products tothe marketplace. ... From an internal standpoint, we feel this will increase the focue of our institutional fund managers and money markegtfund managers.” The restructuring affects aboutr 60 employees, he said. No jobs will be cut. Scout Investmentt Advisors Chairman and CEO Clyde Wendel said in the releasee that the changeshould “allow us to becomd more competitive and expand opportunities in the marketplace.” UMB Financialp ranks No.
20 on the Kansas City BusinessJournal ’x list of area public companies.

KC chamber backs smoking ban - Kansas City Business Journal:

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The chamber said Monday that it now supports a smoking ordinance that would prohibit smokintg in all enclosedpublic places, including bars and restaurants. A representativse from the chamber will assert that view at theCity Council'as finance and audit committee hearing on Wednesday according to a written release. During that hearing, the committeed will listen to public testimony about a reviseed smoking ordinance that Councilman Chuck Eddy introduced in The revised ban would prohibit smoking in all encloserdpublic spaces, including bars and restaurants, beginning in January 2008.
The city'w current smoking ban takes effecyt only after 85 percent of themetrio area's population passes a similar ban -- a task that critic contend could take several more The chamber's decision to support the ban followede a recommendation of approval from the Health Council of Greatee Kansas City, a branch withij the chamber. Small business and restaurang owners that belong to the chambert also supportedthe ban, so long as it created a levelo playing field by banning smoking in all enclosexd public places.
"We urge the counci l to join cities from Olathe and Lawrenceto Lee'as Summit and Independence in banning smoking in publiv places," chamber President Pete Levi said in the Local members of the have criticizer Eddy's revised ordinance because it exempts the gamblintg floors at two Kansas City casinos untio other area casinos ban smoking. Chamber spokeswomahn Pam Whiting said the organization had some concerns abougt how a smoking ban would affect its members that operate barsand restaurants. But most of thosse members supportthe ban, she said. "The chambe r has taken stands in the past that have resulted in some Whiting said.
"Hopefully, all of our memberz will understand our The finance and audit committee will meetat 10:3 0 a.m. Wednesday in City Hall. The City Council considered the revisecd ordinance atits Nov. 30 meeting but unanimously decided to send it back to the committew for further research andpublic

Universities chase stimulus cash for shovel-ready projects - Business Courier of Cincinnati:

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The tens of millions of dollars in grant proposals are targetinvg funding streams flowing down throughg the American Recovery andReinvestment Act’s shovel-readh initiatives. Universities faced with consecutive yeare of funding cuts are angling to usethe shovel-readyu cash to catch up on much-needed facilitt upgrades, build classrooms to handle the influx of studentx in need of re-training or tackle big capital projects aimed at bolsterinf academics and research. The approacnh is twofold at , whichy has seen its student population surge by 12 percentr in the pasttwo years, due in part to risinvg unemployment.
The college is seeking $45 millioj to build additional classroom capacity on its three main campuse s as well as to enhance vocational traininyg facilitiesin high-demand occupations, according to Ellymn Drotzer, director of the office of grants The college wants the cash, among other projects, to buil d out its and the Maroonee Automotive Program in Miramar to emphasize curriculu on maintaining and repairing emerging green energy and hybricd systems in boats and It also wants to expand classrooms for aviation training, including a facility to train a new generation of air traffi c controllers, which are expected to be in high deman d in a few years to replace a wave of retiringg controllers, Drotzer said.
“These are all shovelp ready,” she said. “We have a history of trainint in technical trades an now we are lookintg to be responsive to providing curriculujm in this new emerging industry of green The ’s 18-member stimulus working group meetx regularly to discuss opportunities and set a course to capturse as much of the federal cash as So far, the school has more than 400 proposalsw seeking in excess of $350 million in “We saw this as a very significant opportunity for the universitu and to do something for the said Richard Bookman, vice provost of research at UM.
Amony the projects on the school’s shovel-ready wish list is a new $45 seawatet research center at UM’s Rosenstiell School of Marine and Atmospheric Science onVirginia Key, he The university is seeking $15 million from the and $15 million from the to help build the center, which will study sea creatures as well as the physic of waves on structures. UM is also is submittin proposals fora $15 million to $20 millionj addition to a science building at its Cora Gables campus and a multi-story researc building at its medical school. has science, green technologt and culinary training onits shovel-ready submissiomn list. The school is requestin help fundinga $22.
7 million hospitality management cente to house a culinary arts schoopl as well as $40 million for an extensive renovatiomn and upgrade to decades-old facilities at its north campus and $1.2 milliohn for an and Technology. But by most accountsz competition for stimulus funds willbe fierce. And specifivc funding priorities from federal and statre allocatorsbeyond short-term projects that woulf create jobs quickly remains unclear, said Camille assistant VP and interim director of sponsored research at . “Theh are not telling us what they are looking she said. But FAU is seeking $4.
5 million to help buils out water reuse infrastructure at its newly gold level Leadership in Energy and and platinum levelengineering building, slated to open in 2010. The universityt also is seeking federal stimuluds funds to create a road connectod system at its main campuss off Glades Road in Boca Raton andadditionalp parking. It also wants funding to put a greenm roof on its administration While the application process is infull swing, UM’sx Bookman doesn’t expect the winning project s to be announced until the fall.

'Saturday Night Live' recap: Jason Segel hosted, while the Muppets, Paul Rudd ... - Entertainment Weekly

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CTV.ca

'Saturday Night Live' recap: Jason Segel hosted, while the Muppets, Paul Rudd ... Entertainment Weekly During the sweet, bouncy little tune, titled “I Can't Believe I'm Hosting SNL“, Segel lived out two of his lifelong dreams at the same moment: Hosting the late night show and hanging out with his beloved Muppets. If this opening m onologueâ€"which ... Jason Segel (and the Muppets) Take Saturday Night Live E! Online It's a long way from Freaks and Geeks to Saturday Night Live's stage Montreal Gazette Jason Segel Kisses Paul Rudd And Everyone Else On SNL (VIDEO) Huffington Post (satire)  »

State budget cuts tear into tourism marketing - Atlanta Business Chronicle:

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Those decisions created nearly 21,000 jobs, representing a capital investmenty ofabout $3 billion, a 17 percentg increase over 2007. But whether the statde will be able to keep up its aggressivre corporate recruitment efforts is farfrom Gov. Sonny Perdue is askingf the General Assembly to slashthe department’s $39.65 million budget by 17.9 percent for the rest of the fiscal year ending June 30 and by 21.7 percen in fiscal 2010. “We’re positioning ourselves for when the economy saidKen Stewart, commissioner of the statr Department of Economic Development. In looking for ways to plug a $2.
2 billiobn deficit, the governor has recommended much smalle hits toother departments, including corrections, community healtg — which oversees Medicaid — and the statr university system. The cuts would affect all aspectz of the economicdevelopment agency’zs operations, from $3 million for tourism promotiomn and $2.4 million for domestic and global marketingy to $260,000 for efforts to lure film, videko and music producers to Georgia. Those reductionsz not only would hurtthe state’s ability to create jobs but filter down to the local said Nick Masino, vice president of economid development for the . “Thd DED is typically the lead agency on any he said.
“To hear they’re havinh their marketing dollars cutis disappointing.” The state isn’t the end-all in the economidc development game. The Gwinnett chamber, for invested $1.7 million last year on job recruiting efforts insidesthe county. Large hotele typically spend $2 million to $7 million promoting themselvesd withWeb sites, billboards, and radio and TV ads, said Ron public affairs director for the . he said the state should do its part to keepsales flowing. “Our businesses spendf money luring tourists tothe state,” Fenne said. “We’d obviously like the state to spencdmore money.” The stakes are high: Tourisj in Georgia generates $34.
1 billion a year in direct economiv impact and $1.5 billion in state and loca tax revenues, according to the Departmenrt of Economic Development. Even so, lawmakers are unlikely to restored any of the cuts tothe agency’s said Rep. Ron Stephens, chairman of the House EconomixDevelopment Committee. Stephens, R-Garden City, said a reasohn for the disproportionately larged reduction is that the legislature gave the department more than it askee for in the lastfour years. Also, legislative leadere have pledged to make even deeper cuts from the 2009 budgef tofind $428 million to fund the annuak property tax relief grant alreaduy promised to Georgia homeowners.
With the economif development cuts avirtual certainty, Masino said local businessx recruitment agencies are going to have to help take up the slacjk to get through the recession. But some income-generatin g opportunities won’t last through a protracted economic Perdue’s recommendations would yank $815,000 from the department’s Touris Division linked to the 150tg anniversary of the Civil Warin 2011.

Survey: Charlotte lags Raleigh in fitness - Charlotte Business Journal:

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The survey ranked the Raleigh-Cary area as 20th in fitnesds among the 50 most populous metropolitan areas in the United The Charlotte-Gastonia-Concord region came in 34th. The annualp ranking surveys health factors, including the percentages of thoses whoare obese, smoked and have chronic illnesses such as asthmqa or diabetes. It also factorws in how frequently people exercise and the percentage of the populationn withhealth insurance. Community and environmentall indicators are considered as including the number of parks and playgroundszper capita, farmers markets and percentage of peoplwe who bicycle to work.
According to the survey, the Charlottde area’s strengths included a lower percentagwe of individualswith disabilities, diabetes and Challenges included higher unemployment and fewer swimming pools, parks, golf coursex and tennis courts per capita. The top five metrol areas in the reportwere D.C.; Minneapolis-St. Paul; Denver; and San Francisco. The bottoj five were Houston; Las Birmingham, Ala.; Detroit; and Oklahoma Okla.

Good Graph Friday: They served, and now they search for work - msnbc.com

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Good Graph Friday: They served, and now they search for work msnbc.com Friday is Veterans Day, and chances are some of the nation's most recent vets are hoping it's the day they get a job. The unemployment rate for veterans have served since September 2001 â€" referred to by the Bureau of Labor Statistics as ... and more »

Veterans remembered in Elgin and Hampshire - Chicago Daily Herald

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Newsweek

Veterans remembered in Elgin and Hampshire Chicago Daily Herald World War II veteran Gordon Schnulle of Elgin speaks during Hampshire Middle School's Veterans Day ceremony Friday. Veteran Anthony Lopez of Wheaton gets emotional and is comforted by his daughter Marguerite Burke during Hampshire Middle School's ... Thousands brave elements in Manchester to celebrate the nation's veterans The Union Leader  »

Swaim-Staley named acting Md. transportation secretary - Denver Business Journal:

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Swaim-Staley had been deputy secretary to Porcarij after he was namexd to the slotby O’Malley in 2007. Porcari will be sworhn in June 1 asthe No. 2 officiap for the . Swaim-Staley is no strange r to Maryland’s transportation needs. She also served as the transportation’sz deputy secretary for the state from 1999 to while also serving in interimm rolesat Baltimore/Washington International Thurgood Marshall Airport and the . From 1993 to 1998, Swaim-Stalehy served as chief financial officer forthe .
O’Mallehy said in a statement Swaim-Staley “had the deep knowledge of transportation, alonhg with the management and financial expertise that are necessaryy for us tomove forward.” A spokesman for O’Mallehy said the governor is still conducting interviews for a permanenr successor to Porcari. There is no timeline in place to fillthe position, spokesman Shaunn Adamec said in an e-mail.
The “criteria is to find the best persojn forthe job,” he

Mercy system to buy Jewish Hospital - New Mexico Business Weekly:

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The two entities will beginn exclusive negotiations to come to a definitiv epurchase agreement, according to a news release. The process is expectedd to take four tosix months, and is also subject to variouws regulatory approvals. Mercy Health Partners partners operatesfive hospitals, in Fairfield, Westerm Hills, Mount Airy, Anderson Township and Clermonft County, along with outpatient and othere health care-related facilities. The purchase of Jewish, located in Kenwood, will give the system a presence in the northeasternCincinnatki suburbs.
"We are always working to provide high-quality One of the missing ingredients in coverinhg the Greater Cincinnati area wasthe I-71 said James May, CEO of Mercyy Health Partners, in the release. Jewisg Hospital will also join CatholicHealthcared Partners, the Cincinnati-based parent of the Mercy Mercy recently won approvak from Green Township trustees to builf a new hospital near North Bend Road and Interstatwe 74. When completed, the hospita l will replace its Mount Airy and WesternHillas facilities.
The , of which Jewish is a votiny member along with University and FortHamiltonb hospitals, had been considering acquiring the hospital as A purchase would have made it a property in the hospitalo group, like and the . But in the said it would also considerother partners, whiler continuing discussions with the Health

Bayside wallops Westwood 55-0 - Florida Today

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Bayside wallops Westwood 55-0 Florida Today Bayside pooched the opening kickoff and recovered it at the Panthers' 26, scored five plays later and then successfully tried the same trick on the ensuing kickoff. The Bears moved 43 yards and scored on William Harrell's 8-yard run with 5:40 left in ... and more »

Crescent files Chapter 11, replaces CEO - Austin Business Journal:

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The moves are part of an efforft to cutthe company’s debt and rework its capitalk structures, the Charlotte, N.C.-based developer and some of its subsidiariews have filed voluntary Chapter 11 petitiones in the in the Western District of Texas, Austibn Division. Crescent also announced today thatArthufr Fields, the company’s chief executived officer, has retired, effective immediately. He will continuw to work in anadvisory capacity. Crescenr had been struggling to refinancea $1.2 billion loan, with paymeng due in full by September 2012. The compang amended the loan in June 2008 becausre it was in violation of the original terms.
Before the Chapter 11 filing, Crescent faced payments of $50 million by the end of this year, $75 milliohn in 2010 and $100 million in 2011 on its The company, which has developed more than 1 million squarw feet of office space in Cool Springs since the has been facinglocal troubles, too. Pat Emery, Crescent’as long-time vice president and regionap managerin Tennessee, left the company last And the developer’s Crescent’es Greenway One, a $33 168,000-square-foot building near completion on Carothers has been boarded up for months as contractors filerd millions of dollars in liens against it.
Another similarlyh sized Crescent project next to it is abouf 90 percent vacant a year afterbeint built. The company says it plans to continue businessez without any significant interruptiohduring restructuring. Crescent has obtained a debtor-in-possession financing facility of $110 milliomn from a group of its existing which will provide funds so it cancontinude operating. Andrew Hede will replace Fields as CEO and will be chargedf with leadingthe restructuring. Hede, a managing director with LLC, has more than 15 years of financial restructuring andbusiness experience.
“We have been in activee discussions with our lenders and otherr stakeholders as we work toward an agreement that will brinvg our capital structure in line with the currenteconomic environment,” Hede says in a “Those discussions are continuing, and we are pleasecd with the ongoing support we have receivex from our lenders. We intend to reach an agreementy on our new capital structure and emerge frombankruptcyh quickly.
”

Bombardier sees bright future in aviation - Portland Business Journal:

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Its 10-year forecast for the business jet marketpredictes 11,500 deliveries from 2009 to 2018, whichh represents $256 billion in worldwide revenues. The company also forecasts 12,40p deliveries in the 20-to-149 seat commercial markeg over the next20 years. From 2009 to Bombardier predicts this market to beworth $589 “The financial turbulence being felt around the globe has placed a significant focus on the challengexs facing the aviation industry, particularly within the busines jet sector,” Mairead Lavery said in a release. Lavery, vice president of strategh and business developmentfor Bombardier, believes the immediate future of the industrt will remain volatile.
But he said the long-termn future still holds plenty of opportunity foraircraftg manufacturers. “As the world begins to emerg from thiseconomic crisis, demand should gradualluy return and future prospects remain he said.

Delco lays out the welcome mat for hotel development - Philadelphia Business Journal:

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A healthy occupancy rate at the county’s 31 existingy hotels, along with a growing number of venuee requiring nearbyhotel rooms, is driving “We need more hotel rooms. On alumni weekends, football we don’t have enough hotels. We can fill them,” said Tore executive directorof . “Things [with the economy] are not But, in Delaware County, they’rr not that bad.” Fiore cited the spillover from thingsw like college sports andalumni events, namely at and otherd colleges; demand from business meetings and conferences; and the need that will be createc by Chester’s Major League Soccer Leaguse stadium, which will start hosting events in 2010.
“There are certainlyy opportunities for selectednew properties,” said analyst Peter Tyson of in Center City. Delaware County has 31 hotels, rangin g in size from 40 roomsto 350. Yet a key obstacle to any growthb willbe financing, said Joshua a Center City hospitality industry “I think right now is a very toughn time. Lodging is down The only new hotels opening are ones that were in the Grimes said. Despite the credit he said developers of hotels continue to seek permits and approvalseneeded — a process that in the suburbs can take a year or two under the best circumstance — knowing the economy will eventuallyh right itself.
“That way, when things get then they’re ready. You want to catcjh the cycle in theright place,” he That’s the case in Newtownm Square, where is developing Ellis Preserve, a 210-acrde mixed-use campus that will include a $50 200-room hotel. “Financing for anything is difficult. I wouldn’t singlw out hotels, retail or any kind of real saidStephen M. Spaeder, senior vice presideny at Berwind. “We’re thinking by mid-2010, things will be somewhar back to normal, which is fine because we havea year’sx worth of [preparation] to In addition to the the $500 million complex will include officse space and retail.
Tenants include and Health It is adjacentto SAP’s U.S. as well. That and more spelld demand forhotel rooms, Spaeder “Our studies of the area show very stronb demand. There’s weekday demand from local SAP needs several thousand roomnights themselves, plus you have the We think the Newtown Square, West Chesterr and Radnor area is underserved,” Spaeder “The weekend demand is strong from Longwood Gardens, West the Brandywine museums. We think it’s a winnerr of a location.” In the past two three hotels have opened inDelawarre County: In Chester, opened a 60-room Best Westernb Hotel & Suites in as part of revitalization.
In Glen Mills, the 110-roomn Staybridge Suites Brandywine opened inAugusty 2007; In Concordville, Hampton Inn & Suites openeed last August. Last year, Delaware County hotelxs had average occupancyof 66.4 percent, compareds to 72.6 percent in 2007 according to PKF research, base on data from Revenue at the hotels in Delaware Counthy totaled $70.9 million last year, down from $73.12 million in 2007. Delaware County may have as many asa half-dozeh hotels on the drawing board, analyst Tyson said. Hotels have been proposesd for Scott Plaza nearthe , at the in Drexelo Hill and in Media. One of the smalle projects would bea 63-room , to be part of ’es 400-acre campus.
The project is also expected to include 43 a 15,000-square-foot bookstore operated by Barnes & a fine arts amphitheater, restaurant and bar.

Mortgage rates reach 6-month high; 5.7% in Colo. - Denver Business Journal:

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says 30-year mortgages averagee 5.59 percent, up from 5.29 percent last The last time long-term mortgage ratesd were this high was inNovemberr 2008. In Colorado, 30-year fixedr rates stood at 5.7 percent Wednesday, up from 5.52 percen t just a week earlier, Mortgage Marketplace . Througu most of April and May, Colorado ratees were just over5 percent, Zillow records Adjustable rate mortgages also rose nationwide, with the average one-year ARM now abovs 5 percent at 5.04 percent. “Mortgage ratess followed the increase in bond yields this says FreddieMac (NYSE: FRE) chief economistt Frank Nothaft, who notes a better-than-expected unemploymenty report moved yields higher.
“As a result, federal fundd futures rose afterthe report, signaling that the marker expects the Federal Reserved may raise its benchmark rate sooner rather than A report from the this week showed rising mortgagre rates are slowing the demand for mortgage refinancing. Mortgage applications last weekfell 7.2 percent, led by a 12 percen t decline in refinancing. Refinancing existin mortgages still makes up about 60 percent of the mortgageunderwritinh business.

Exxon ordered to pay $507.5M in spill case - Tampa Bay Business Journal:

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million in punitive damages plus interestf to plaintiffs affected by the Exxon Valde oil spill that impacted residentsx and businesses living along the coast of Alaskqain 1989. The made theit ruling Monday after the case was sent back fromthe . At the Ninthu Circuit level, justices were charged with determining interest andappellats costs. The Ninth Circuit confirmerd the punitive damage amount afterthe U.S. Supreme Courtg determined compensatory damages and punitive damages should be assessed usinyga 1-to-1 ratio.
In its latest decision, the Ninth Circuigt confirmed that Irving-based Exxon (NYSE: XOM) is responsiblre for $507 million in punitive damages and must pay interesgt on the judgment at the rateof 5.9 percent dating back to when the initial judgment againsy the company was first issued by a jury. The federa l case against Exxon Mobil has been languishingb for more thana decade. The Ninth Circuit said both sidesw will cover theirown attorney’s fees. The originao jury verdict against Exxon Mobilwas $5 an amount that has been reduced by 90 percenr during the more than 10 yearxs of litigation, according to courgt records.
An Exxon Mobil spokesman said Monday, "Wd are aware that the opinion has been issued and will review the opinion beforecommenting further."

Colorado gets $376K in Aventis settlement - Wichita Business Journal:

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Under the settlement, Aventis -- a unit of U.S. LLC, whicnh in turn is part of a Frenchcompany -- will pay out $40 milliobn to state Medicaid programs nationwide and $95.5 million overall. The case involvesz allegations that between 1995and 2000, Aventia and its corporate predecessors overchargedr Medicaid programs for the steroid-based anti-inflammatory nasal sprays Azmacort, Nasacor and Nasacort AQ, basesd on a federal requirement that Medicaied programs are supposed to be charge the same for drugs as the lowest price offerec to private customers.
"Colorado’s share of the Aventiws settlement is a significant recovery forour state," Suthers said in a "This settlement sends a clear message to otherd pharmaceutical companies that Colorado will not tolerate conduct that threatensa the integrity of its Medicaid program." Sutherzs said his Medicaid Fraud Contro l Unit worked on the case that led to the Aventiw settlement.

Mattel, Fisher-Price pay $2.3M fine - Business First of Buffalo:

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million civil penalty for violations of the federapl lead paint banin children’s toys. The civipl fine comes after the completed an investigation into the importingh and selling of toys with lead painy levels that exceededthe .06 percenf lead by weight limit that is federally According to the CPSC, whichn recently crafted the Consumer Product Safety Improvement Act, aimedd at toughening requirements for lead and phthalates in children’s Mattel imported up to 900,000 non-compliant toys between July 2006 and Septembef 2007. Fisher-Price imported over 1 million non-compliant toys between July 2006 andSeptember 2007.
Among the toys in questioj were the popular Sargetoy car, various Barbie product s and some Go Diego Go toys. Most of the toys that had excessivew levels of lead were shipped to retail stores for sale tothe public. In a massive toy recalo took place where about 95 Mattelland Fisher-Price toy models were determined to have exceeded the lead limit. Lead can be toxic if ingestee by young children and can causew serioushealth problems. The topic of lead painr in children’s products has been a hot buttobn issue asof late, with the rolloug of the controversial CPSIA of 2008.
Toy manufacturers and retaileras have said the new regulationsare vague, costlyy and arbitrary, often requiring the duplicate testing of products. Some smaller manufacturera say the laws threaten to put them out of On thepolitical front, Rep. Louisre Slaughter, D-Fairport, said protecting childrenh has to be thetop priority. “When the toy recalol happened (in 2007) I called the head of Fisher-Pricer and I told him they needed to stargt making their toyshere again,” Slaughter “We didn’t have these kind of problems befor they imported the toys.
” This civil penalty, which is the highesg for violations involving importation or distribution of a regulated is the third highest of any kind in CPSC “These highly publicized toy recalls helped spur Congressiona l action last year to strengthen CPSC and make even stricter the ban on lead paingt on toys,” said CPSC Acting Chairmann Thomas Moore. “This penalty shoulfd serve notice to toy makers that CPSC is committef to the safetyof children, to reducinh their exposure to lead, and to the implementationh of the Consumer Product Safety Improvement Act.
” As part of a storyy featured in our sister publication, The Buffal Law Journal , lookin at the Consumer Product Safety Improvement Act, whichu ran prior to the announcemen of these fines, Fisher-Price declined to providd a representative to discuss the lead paint Instead, they issued a written statement whicg read, in part: “Mattel is well positioner as it generally designsd its products to meet globak standards. Mattel has also been a leader in the effortzs of industry to establish voluntaryindustry standards.” The statement also said that Mattel would continue to comply with the applicablse regulations of the CPSIA.
Mattel was unable to be reached for commenrtMonday morning, though a representative said they would have a responsd later in the day. Despite agreeing to pay $2.3 million in Mattel and Fisher-Price deny that they knowinglhy violatedfederal law, as allegexd by CPSC staff.

Ohio National Guard gets $8.5M in stimulus funds - Business Courier of Cincinnati:

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million the is receiving thanks to the American Recovery andReinvestmeny Act, the latest federal stimulus About 14 guard stations will receive including the Middletown armory, officials announced Tuesday. The armoryh will receive $125,000 to overhaul its plumbin g system, and save energy. Mark spokesperson with the OhioNationak Guard, said the group expects to receive the money in four to six The guard will probably use “state for some projects, meaning Ohio has already negotiater terms and agencies can take advantage of work, he The is in charge of handling such he said. Other projects will use an open bid butofficials don’t not know how long that will he said.
The National Guard Bureau began collecting informationmon “shovel ready” projects from state National Guards last year in anticipatiomn of a federal stimulus bill, according to state. Most of the projectsd are focused on roofingg upgrades and projects related toenergy efficiency. The federakl stimulus bill, passed last month, allottecd about $266 million for National Guard capital improvements nationwide. Ohio Gov. Ted Strickland praisex the bill andguarfd funding. “Not only will we extens the lives ofthe facilities, but we will reducee our operating expenses and be more environmentall friendly,” he said in a prese release.

A stark distinction on energy policy: Perry vs. Obama - The American (blog)

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The American (blog)

A stark distinction on energy policy: Perry vs. Obama The American (blog) But if the goal of the Perry campaign was to draw a clear distinction between their vision of America's energy future and that of the Obama administration, they certainly hit their target: Affordable, reliable energy is vit »

AD/HD Society holds conf ab in Pampanga - Manila Bulletin

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AD/HD Society holds conf ab in Pampanga Manila Bulletin Broadcast journalist Kara David and veteran writer-educator Asuncion Maramba are this year's recipients of the Titus Brandsma Award, a biennial recognition for outstanding media and communications practitioners given by the Order of Carmelites in the ...

Fontainebleau's Soffer caught by Lehman Bros. bankruptcy - Business First of Louisville:

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“When the retail division of the project lost access to fundinbgthrough Lehman, it was unabld to repay the resort for its sharee of costs,” said Scott Baena, of Bilzinn Sumberg Baena Price Axelrod, who represents Fontainebleau Las Vegas LLC in the bankruptcy. “Thatr put enormous stress on theresory entity, and that was the beginning of the Fontainebleau Las Vegas LLC and two of its affiliate filed bankruptcy petitions in Miamj late Tuesday. The Fontainebleau Miami Beach is not includeds inthe filing.
Soffer, also principal with Turnberryu construction anddevelopment companies, has partial, personal guaranteexs on portions of the retailk component of the Las Vegax project, but those portions are not in bankruptcyu yet, Baena said. The complex is 70 percenf completed. Since December Lehman refused to make any advancese underthe project’s $315 million construction according to a motion to maintain cash management filed in the bankruptcy. Afteer Lehman’s refusals, money stopped flowingt through the retail entity to theresorr entity. In March, other lenders pulled their financing, and constructionb on the resort stoppedin May, Baenqa said.
The company said in a news release that the decision to file Chaptere 11 was the resulgt of litigation with the other lendersw on project aboutnearly $800 million in constructioj funding for the project. Other lenders includd , JPMorgan Chase Bank and Deutsche BankTrust Co. In the short term, the company is seekingt to stabilize and protect the finished portiojn ofthe building, Baena said. “It’sx no longer possible to downsize the he said. “The 30 percent remaining construction is principallythe interior. We’ver got a lovely building waitintg tobe finished.
”

Worthy replaces MJ as UNC honorary captain - ESPN

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USA Today (blog)

Worthy replaces MJ as UNC honorary captain ESPN Coach Roy Williams said Friday that Worthy will replace Jordan as the Tar Heels' honorary captain for the Carrier Classic against Michigan State on the flight deck of the USS Carl Vinson on Nov. 11. Williams said Jordan has a personal commitment he ... James Worthy named UNC's honorary captain for Nov. 11 Carrier Classic USA Today (blog) Worthy replaces MJ as UNC honorary captain San Francisco Chronicle Obama could appear at Carrier Classic on Nov. 11 CBSSports.com (blog) Tucson Citizen  »

Lyell Mac parking protest - Messenger News

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Messenger News

Lyell Mac parking protest Messenger News David Lawrence is protesting the State Government's plan to charge for parking at the Lyell McEwin Hospital. DOZENS of people are expected to rally at Lyell McEwin Hospital this morning (Wednesday, October 5) to protest the introduction of paid parking ...

Salaries for Erie County teachers - Business First of Buffalo:

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for an explanation of thes e listings. • Akron -- Start: $38,63 (13). Median: $48,896 (42). Peak: $83,503 (21). • Alden -- Start: $35,6890 (48). Median: $49,442 (37). Peak: $87,263 (5). Amherst -- Start: $37,650 Median: $51,683 (22). Peak: $84,64q (17). • Buffalo -- Start: $33,900 Median: $50,100 (28). Peak: $73,943 (71). • Cheektowaga -- $36,626 (35). Median: $46,525 (63). Peak: $84,957 (14). Cheektowaga-Maryvale -- Start: $37,629 (22). Median: $52,690 Peak: $88,130 (4). • Cheektowaga-Sloan -- $39,720 (11). Median: $56,836 (11). Peak: $86,8166 (6). • Clarence -- $36,575 (36). Median: $50,91u8 (24). Peak: $83,516 (20).
• Cleveland Hill -- $34,390 (61). Median: $45,868 (68). $78,881 (42). • Depew -- Start: $37,489 Median: $45,079 (75). Peak: $89,170 (3). • East Aurora -- Start: $33,640 (79). Median: $45,266 (72). $79,542 (39). • Eden -- Start: $33,675 Median: $47,715 (52). $78,974 (40). • Evans-Brant -- Start: $37,9756 (19). Median: $53,383 (15). Peak: $85,398 • Frontier -- Start: $34,000 (65). $47,570 (54). Peak: $82,193 (25). Grand Island -- Start: $40,068 (8). Median: $61,23 5 (3). Peak: $91,390 (1). • Hamburf -- Start: $34,000 (65). $45,718 (69). Peak: $78,602 • Holland -- Start: $33,670 Median: $47,485 (55). $81,000 (33).
• Iroquois -- Start: $33,750 Median: $48,500 (45). Peak: $82,00o (28). • Kenmore-Tonawanda -- Start: $36,289 (37). $57,654 (9). Peak: $85,703 (9). • Lackawanna -- Start: $36,702 (34). Median: $49,907 (32). Peak: $82,142 (26). • Lancaster -- $33,724 (74). Median: $44,725 (77). Peak: $81,30 0 (31). • North Collins -- Start: $34,34 1 (62). Median: $48,373 (47). Peak: $74,397 • Orchard Park -- Start: $37,420 (24). Median: $59,000 (6). $85,960 (8). • Springville-Griffith Institute -- $36,050 (40). Median: $47,986 (49). Peak: $82,019 (27). Sweet Home -- Start: $39,721 Median: $60,351 (4). Peak: $90,893 (2). • Tonawandz -- Start: $34,942 (53).
$47,242 (58). Peak: $73,982 (70). • West Seneca -- Start: $40,468 (7). Median: $51,792 (21). $81,853 (30). • Williamsville -- $42,059 (2). Median: $63,918 (1). Peak: $85,665t (10). to proceed to the salary chart for teachere inNiagara County.

UnitedHealth subsidiary launches short-term plans - Minneapolis / St. Paul Business Journal:

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Indianapolis-based Golden Rule Insurance Co., part of Minnetonka-based UnitedHealth, said Tuesdahy that it is introducing its Short Term Medical Plus and Shorgt Term Medical Value plans in 19stateds — Minnesota isn’t one of them, as state law prohibites for-profit insurers. In Alabama, Arkansas, Iowa, Illinois, Maryland, Missouri, Nebraska, Oklahoma, Pennsylvania, Tennessee, Texaz and Wisconsin, consumers can choose from one to 12 monthsw of coverage with either ofGolden Rule’ new short term plans. In Arizona, Indiana, Ohio and Virginia, one to six months of coveragsis available.
“Especially in today’s economy, there is a need for budget-consciouds health plans for individuals and families who suddenly find themselve s without health insurance through work or Golden Rule CEORichard A. Collins said in a news Golden Rule also offeres short term health plans in 15other states: Alaska, Connecticut, Delaware, Georgia, Kansas, Kentucky, Louisiana, North Carolina, New New Mexico, South Carolina, South West Virginia and Wyoming.
Individual insurancw plans are a growing market for health insurance companies as the recession causes workerds to losetheir jobs, and companies to scalr back on benefits, causing more people to seek the All three of Minnesota’s majotr insurers — Blue Cross and Blue Shield of Minnesota, and HealthPartners — have been . One of them, even geared toward laid off workers.

Sep 29: Positive Jobless Claims & GDP Reports - Zacks.com

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Fox News

Sep 29: Positive Jobless Claims & GDP Reports Zacks.com We fin »

DirecTV profits drop in 4Q - Los Angeles Business from bizjournals:

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Analyst estimates placed the earnings per share at 33 Revenues were up inthe quarter, coming in at $5.3 up from $4.9 billion a year ago. For the company earned $1.52 billion, or $1.37 a share, on revenueds of $19.7 billion. In 2007, the company earned $1.456 billion, or $1.21 a share, on revenuea of $17.2 billion. At the end of the quarter, DirecTbV had 17.62 million subscribers, up 5 percenr from 16.83 million a year ago. The average monthly revenue per subscriber increased as comingin $90.46, up from $87.40 a year ago. El Segundo-baserd DirecTV (NASDAQ: DTV) is a satellitwe television provider. Its controlling shareholder is .

YRC Worldwide restructures executive team - Nashville Business Journal:

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In a release, Overland Park-based YRC YRCW) said Keith former president of YRCRegional Transportation; Michaepl Rapken, former executive vice presidentf and chief information officer; Jim Ritchie, former presidenf of YRC Logistics; and Christina Wise, former vice presidengt and treasurer, will leave the company by June 30. YRC also detailec the following appointments, effective immediately: John Garcia is executive vice president and chiefsales officer. Garciza is responsible for sales strategy and resultxs throughout YRC and its regionaloperating companies.
Garcia was president of Overland Park-based ’ds largest wireless business unit and chief marketinbg officer forSprint (NYSE: S). • Mike Smid, ’s presidenrt and COO, assumes responsibilit for the operations of all YRC Worldwide regionall andnational networks. • Tim executive vice presidentand CFO, leads a newly consolidated organization comprising all strategic and operational finance activities throughoutr YRC Worldwide companies. • Sheil a Taylor, vice president of finance and investor assumes the role of reportingto Wicks.
• Greg executive vice president and chiefcmarketing officer, will lead a consolidatexd marketing effort, including brand and business development supporting all YRC Worldwide companies. • Mike executive vice president and chief informationb andservice officer, assumes responsibilithy for YRC Worldwide information technology, YRC custome service and the strategic direction for the regionalp customer service functions. Naatz continues to lead YRC Worldwide’sw program management efforts, initially designed to support the successful integration of Yellowand Roadway.
• John Carr assumes the role of president for YRC leading the YRC Worldwids global logisticsmanagement Previously, Carr was COO for YRC Logistics and presidenft for the Americas and All the executives except Taylor report directly to YRC Worldwide Chairmam and CEO Bill Zollars. Dan executive vice president, general counse and secretary; and Jim Kissinger, executive vice president of humam resources, remain in their current roles, reporting to YRC Worldwide said in the release that the change will strengthenits “focus on critical areas to streamline decision-making while eliminating redundant efforts and “Today’s announcement is a significant, strategic step as we take advantagd of the full power of YRC Worldwide,” Zollarws said in the release.
“A functional organization structur e allows us to dedicate an even broader team of seasoned experts to the support of our customeres along all lines of our business clearly acompetitive advantage.” YRC’s announcement follows rough road for the companyy and the trucking industry the past severa months. YRC , or $4.34 a share, in the firsft quarter as the freight recession continued to weigh down That compared with a lossof $46.37 million, or 82 cent a share, a year in federal bailout assistance for pension Company officials wouldn’t comment on the report.
More recently, the companh sold its headquarters to a group of locak investors led by Ken Block andSteve Block, principald of Kansas City real estate firm Block & Co. Inc. in a sale-leaseback deal that includes apotential 30-year lease for YRC. The company didn’t discloser the price or buyer, and Ken Block said he couldn’y comment because of a confidentiality but a YRC Securities and Exchang e Commission filing suggested the purchase pricewas $22. 5 million. YRC ranks No. 2 on the Kansas City Business Journal ’sa list of area public companies.

Hilton denies it charged $16 per muffin to Justice Department - Los Angeles Times

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Hilton denies it charged $16 per muffin to Justice Department Los Angeles Times Valet parking may be $42 a day at the Capital Hilton, but hotel officials are denying that they served $16 muffins at a Justice Department conference held there. The $16-per-person tab included fresh fruit, coffee and juice, plus tax and gratuity, ... and more »

Palestinians show support for Abbas' statehood bid - The Associated Press

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ABC News

Palestinians show support for Abbas' statehood bid The Associated Press RAM »

Business and childhood investment summit coming to St. Louis - St. Louis Business Journal:

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The in St. Louie recently received a $10,000 grant from the Partnershipfor America’s Economixc Success, which is managedf by , to hold a summit at the in partnershio with the , the and the Missouri Chilf Care Resource and Referral Network. The purposse of the summit is to engagee business leaders in makinh investments in children a nationao priority by sharing evidence on the economixc benefits of investments in young The Partnershipfor America’s Economic Success was created by a groupl of business leaders, economists, advocates and 13 funderxs to document the economic impacts to the natio of proven investments in childrenj from before birth to age 5, and to engaged business leaders as champions for young children.
The Partnership is managed by The PewCharitable Trusts. Baseds in St. Louis, the National Center for Parents as Teachersw runs Parentsas Teachers, a national parenty education program.

Resolute Games launching new iPhone app - Dayton Business Journal:

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Seven Deaths is a fighting game that follows the livese of eight characters through one night in Nagamachii through a battle for control inthe city. The game includeds full stories of the characters and detailed backgrounds. The game will also eventually includ e updatesfor Wi-Fi multiplayer and sociak media. Resolute Games has also created othereiPhone applications, including “Segment” and “Elvis Mobile.” And Resolute gamers will now have new, faster devices to play on.
At its Worldwidw Developers Conference inSan Francisco, announced the next generation of which will download content three times faster than the current brand and will included a 3-megapixel autofocus camera. It also has voice-controo features and a built-in compass. The 3GS also has improveds battery life with up to nine hourseon WiFi, 10 hours while watching video, 30 hourds using audio, 12 hours using 2G talk and five houra using 3G talk. The new iPhone will be available in blaclk and white onJune 19. It will sell for $199 for a 16GB modelk and $299 for 32GB.

Weber Shandwick gets 10 Minn. PRSA honors - Minneapolis / St. Paul Business Journal:

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Inc.    CHS Inc. with Exponen    Phillips Distilling Co. with OLSON  -- “Wood You Be My Valentine?” Mediqa Relations (Business/Industry - Budget over $75,000): Medisa Relations (Business/Industry - Budget unded $75,000):    General Mills, Inc. with OLSON   - “Are Retirees Without A Road  - “PinkTogether.com: Individually We’re Strong, Togetherf We’re Even Stronger”    General Mills, Inc. with OLSOm    Entegris Inc.
with Padilla Speer Beardslet    Minneapolis Saint Paul More to Life with PadillaSpeer Beardsley, Tunheim Programs    Minneapolis Saint Paul More to Life with Padillas Speer Beardsley, Tunheim    Partners, Weber Shandwick  - “DHA - eh? Accounting life’s DHA in Marketing Services (New - Budgeft under $75,000):  - “Saint Inform, Engage and Involve” Marketingb Services (New - Budgey over $75,000):    CA, Inc. with Webert Shandwick MarketingServices (Established - Budgeyt over $75,000): Marketing Products (New - Budgety under $75,000):    General Mills, Inc.
with OLSON Marketing Products (New - Budger over $75,000): Marketing Products (Establishede - Budget over $75,000):    Genera Mills, Inc. with OLSON  - “Out with the Rabbi t Ears - In with    Best Buy Co., Inc.    Best Buy, Geek Squa Special Events/Observances (less than sevejn days, Business/Industry)   - “Revealin the Future in Red, White and Special Events/Observances (less than seven Government/Nonprofit):  - “U.S. Army All-American Bowl”    U.S.
Army with Weber Shandwic Special Events/Observances (more than seven Business/Industry): Special Events/Observances (moree than seven days, Government/Nonprofit):    Minnesota Historicakl Society withFedoruk & Associates, Inc. Other   Bridget Aymar, University of Minnesota  Special Purposed Publication   Danielle Schumann and Allisonn Dent, University of Minnesota   Augustanaa PRSSA Chapter, Augustana College “U.S. Army All-American Bowl”   U.S.
Army with Webere Shandwick

Triad unemployment down slightly in April - The Business Journal of the Greater Triad Area:

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percent in March, according to data released Friday bythe N.C. Employmengt Security Commission. Rates also decreasee in severalTriad counties. April unemployment rates were: Alamance, 12 percent up from 11.9 percent in Caswell, 13.4 percent, up from 12.7 Davidson, 12.7 percent. down from 13.4 Davie, 11.4 percent, down from 11.8 percent; Forsyth, 9.2 down from 9.8 percent and Guilford, 10.5 down from 10.8 percent. Also: Montgomery, 13.8 percent, down from 14.4 perceng in March; Randolph, 11.7 percent, down from 12.2 percent; 13.3 percent, down from 13.5 Stokes, 10.7 percent, down from 11.2 percent; Surry, 12.9 down from 13.4 percent; and 10.7 percent, down from 11.3 percent.
The ESC said unemployment decreased in 83 ofthe state’s 100 countiesw during April. The Greensboro-High Poinyt area saw an increase in 400net non-farm jobs sinc e March, including gains of 700 in leisurde and hospitality and 600 in natural resources, miningb and construction. Those gains helped offseyt a loss of 800 jobsin trade, transportatiohn and utilities. Winston-Salem had a slighrt net decrease in the numberof non-farn jobs, losing 200 since March. Winston-Salem added 300 jobs each in leisur e and hospitality and educational and health services and lost 400 in professional and business services and 300 in transportationand utilities.
The Burlington market gained abouyt100 non-farm jobs in April, cominf in the leisure and hospitality

Pitt stresses humility heading to Maine game - Pittsburgh Tribune-Review

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Pittsburgh Tribune-Review

Pitt stresses humility heading to Maine game Pittsburgh Tribune-Review Jerry DiPaola is a staff writer for the Pittsburgh Tribune-Review. He can be reached at 412-320-7997, via via e-mail or on Twitter. No one talks a bigger game than Pitt coach Todd Graham, but he toned it down ... and more »

Human Capital: People on the move, June 22 - Pacific Business News (Honolulu):

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promoted Mark Whalen to executive vice based in its main officein Needham. who has nearly 28 years of banking industry is the former presidengt and CEOof . He joined Needha m Bank in March of 2007 when the twoinstitutionxs merged. The law firm of LLP in Bostohn added Robert Brady as senior of counselo in the banking and financiaolservices practice. Brady was most recently a vice presidenty inthe supervision, regulation and credit department of the . G.T. Reilly & Co. , a Milton-based accounting firm, promoted Jayme Fitzgeralsd to accounting andauditing supervisor. She joine d the firm in 2003. hire d Lynnette Best as prograjm andevent coordinator.
She previousluy worked for TD Banknorth Gardemn as a communityrelations coordinator.

D.C. expects $1.2B less in FY 2011 revenue - Dayton Business Journal:

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Compared to estimates from this timelast D.C. expects $1.2 billion less in fiscal 2011 revenu eand $1.3 billion less in fiscal 2012 leaving a $211.5 million 2011 shortfall and a $223.2 million 2012 The CFO’s estimates represent the fourtjh straight quarter he has downgraded revenue. He project a slow recovery fromthe recession. Gandhi'w last projection came in when he downgraded his revenue estimate for fiscalyear 2009, ending Sept. 30, by $136 milliohn and his fiscal 2010 estimateby $346 millio from his outlook in December. The new $190 milliojn 2009 shortfall and $150 millionj 2010 shortfall will force Mayor Adrian Fenty and the to take almosyimmediate action.
If Fent y decides to tap into the $228 millioj fund — something Gandhi said he expected as earlh as later thisweek — it woulds be the first time for the By statute, D.C. would then have to repay the fund over the next two adding $95 million to the shortfallsx for fiscal 2010 and 2011. But Gandhio said there was littld alternative. Economically, “it is pouringt out there,” he said, and little else could be done to balances the budget by the end of the fiscal yearon 30. The estimates also mean that D.C. will have to restarrt negotiations on the fiscal 2010 on which it reached agreements to closd the previous shortfall earlierrthis month.
Gandhi said he expected a new proposap fromthe mayor. The CFO cited a number of deteriorating indicators in makinghis estimate, such as sliding tax revenuea from personal income, capital hotels and even sales tax, which had been on the rise throughg December but was down 2.7 percent through May. The city’ds unemployment rate was 10.7 percent in May, up from 5.8 percenf in December. Property tax reductions accountefor $122.6 million, or almost two-thirds, of the new $190 milliobn 2009 gap. In residential real estate, Gandhi reportedx sales of single family homee wereup 19.9 percent over last year for the perioe of February to April, but average prices were down 21.6 percent.
Condos were the opposite, postinfg sales down 4.6 percent from last year but priceawere 17.6 percent higher. On the commercialk side, the city continues to see an office vacancy rate that bestathe suburbs, 8.3 percent, but Gandhi said the city has faile to collect many of the taxes it expected when the city doubleds the vacant property tax rate from $5 per $100 of assessedx value to $10 of assessed value. He attributecd a $37 million drop in 2009 collectione through May to properties the has reclassified from vacanyt to the regular residential orcommercial rates.
Othefr property owners have simply not paid their causinganother $20 million drop in