Tuesday, May 29, 2012

Landmark health care bill passes out of committee - Memphis Business Journal:

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The expanded coverage would be funded by new or highefr taxes onhealth insurers, hospitalzs and Medicaid managed care plans, under Housw Bill 2116, which passed out of the Housse Revenue Committee by a 6-4 vote on Thursday. By raising more than $150 millionh per year, the state would be eligible for $500 milliom in unclaimed federal funds. Under the compromises measure, far fewer adults will be insured thanthe 100,00o0 that proponents of expanded health care originally targeted. Hospitals, which now pay a tax of .
63 can expect a fourfold tax hike in the coming The hospital tax will be indexexd to increased reimbursements that they can expecg to receive whenthe state’s Medicaid population grows, with the aim of creating a revenue neutrakl impact on hospitals. Health plans and insurersa will also pay a 1 percenrt tax on commercialinsurancse premiums. Opponents to the measure, largelyg negotiated in closed meetings betweenm Legislators and health care industry called it a backroom deal.
“Thee real losers from the Democrats’ predatory premiumm tax of 1 percent of gross premiumds are the employees of small to mediumksized businesses, who are the very peopld most likely to lose their coveragre because of the rapidly rising costs of health insurance,” said Rep. Ron R-Grants Pass in a news But hospital groups, which had loudly criticized earliet versions ofthe bill, applaudedr the measure that left committee on Thursday. “This is a great day for the uninsuredsin Oregon,” said Andy Van Pelt, spokesman for the and Healtj Systems.
“Hospitals came together with legislative leaders to forge a solution that gets us starteed on covering more Oregonians than wedo today.” Now the full Houser takes up the bill. The Legislature hopes to adjourh by the endof

Sunday, May 27, 2012

APGA stakeholders seek restructuring of party - The Nation Newspaper

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Leadership Newspapers


APGA stakeholders seek restructuring of party

The Nation Newspaper


By Our Reporter 26/05/2012 00:00:00 Stakeholders of  »

Saturday, May 26, 2012

NY awarded $253M through housing tax credit program - Dallas Business Journal:

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is one of the companies that will benefit from an infusion of federal stimulus money into a tax creditr program that subsidizes constructionj ofaffordable housing. U.S. Housing and Urban Development Secretarh Shaun Donovan announced todaythat $252. million has been awarded to New York througjh thefederal government’s new $2.25 billiobn Tax Credit Assistance Program. The money will enabl e the state to resume funding the construction or renovation of affordablee rentalhousing units. Omni Housing is among the companiess that rely on the sale of low income housingt tax credits to investors to help payconstructiob costs.
The demand for tax credits in the statd and nationwide has eroded becausee of thecredit crisis. Before the crediyt freeze hit, banks and other lenders such as and used the creditx to reduce their federaltax Now, with bank profits much there is less need for the tax “The market is in said Duncan Barrett, chief operating officer at Omni Housing, a divisio of Inc. Construction and renovation projects have been jeopardized as the valuew of the taxcredits plummeted. As many as 1,000 projectsw containing nearly 15,000 housing units are on hold acrosthe country, according to HUD.
For instance, Omni Housingt has received two written offers to purchase tax credites foran $11 million renovation of 100 garden-stylee public housing apartments in Watervliet. The offers are 70 centzs or 72 cents foreverh $1 of tax credit. The low price would created a gapin funding, making the project unworkable. Omni is seekingy $2.4 million through the Tax Crediyt Assistance Program to fillthe gap, Barrett said. “Whatg the TCAP funds are doing is plugging the hole that has been createf by the lack of tax credi investors and the falling prices forthose investors,” Barrett HUD estimates the new program will provide affordable housingt to 35,000 households nationwide.
Omni has redevelopecd 1,170 affordable housing units in the Albany regionj over the past10 years, mostly for municipal housing authorities. Omni managez some of those units and provides property management supportto others.

Thursday, May 24, 2012

County offers workshop on USDA

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A new round of “Value-Added Producer Grant” fundingf is available, a release said. program and are teaming up with the USDA to provide a workshop on June 9 on the grant program and how to apply forthe funds. The USDA has abou $18 million in grant fund to help independent agricultural producers enterinto value-adder activities, a release said. The Value-Addede Producer Grants are availableto cooperatives, agricultural producer groups or producer-based businesz ventures. Value-added farm products are thosw that expand the customer base for the producyt or commodity and result in increasingfarm revenues.
“Adding value to basic agricultural commodities is one way for farmerds to maintain economic viability in these days of risingproducedr costs,” the release said. The free workshoop in Seffner June 9 at10 a.m. will offef information about value-added agriculture, and explai the grant program and the benefitsto farmers, eligibilityh and application process. More information is available at 272-5909.

Wednesday, May 23, 2012

Meet the stimulus panel - Minneapolis / St. Paul Business Journal:

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Suite 200, Plantation 33014 Primary care physicians, even with a 10 percent increase in reimbursemente from thestimulus legislation, woulxd have to include in-office diagnostic tests to meet their overheaf and provide quality medical care. Therew is a loss of primary care physicians because most studentsw coming out of medical school arebecomingf specialists. Electronic health recordd (EHR) is the way of the future, but there is an affordabilitg issue for doctors in having to pay upfront for the purchase of new hardwared and software before receiving incentive payments from thestimulusw dollars.
There are many new urgent care which are filling the gap left by the loss of primarycare physicians. President, Web Address: 6030 Hollywood Suite 140, Hollywood 33024 Phone: Success of federak stimulus funding for Medicaid is impactef by stateLegislature decision-making and appropriations Stimulus funds for the unemployed to continue private health insurance (COBRA) are only helpful for those who can afforxd the 35 percent of the premium price that remains the individual’z responsibility.
Much of health information technology funding is structured as higher reimbursements and incentives for hospitals and doctors who invesrtin HIT, not as cash assistance or capital to make such President, Web site: Address: 1100 N.E. 163rd St., 2nd Floor, Northy Miami Beach 33162 Phone: Employees have to take on greaterf responsibilities regarding their own personal health care with the introduction of high-deductible health plans that shifgt consumers away from a traditional copayment mentality.
The push for greatef transparency in reporting and ranking health care outcomes is being aided by advances in technologuyand Web-based connectivity to carriers, which allow for more consumer-drivemn decisions on health care than ever Those employees currently not taking advantagde of the recent COBRA legislative update, allowingv for a 65 percent subsidy on the COBR premium, are typically those that need it most. Medicalp illness and injuries (and the resulting if uninsured) are the leading reasons behind foreclosurezsand bankruptcies. Partner, Web Address: 1111 Brickell Ave.
, Suitwe 1900, Miami 33131 Phone: Most stimuluas funding remains in thepipeline and, the greatest direct impact will be felt in the Federal funding for health IT and other key health initiative s requires submissions to Congress and other steps befored funds may be Health care organizations shouls look broadly for funding opportunities not targete solely to the health industry: energy worker training and jobs for economicallty distressed areas; broadband funding for telemedicine; and Builcd America bonds. Name a point personn to coordinate efforts. Expect unprecedented scrutiny ofpubli expenditures, given the emphasis on transparency and accountability.
This meanw health care organizations would be wise to invest responsibl yin compliance, including investing in IT to supporf enhanced compliance capabilities and to meet onerou s new reporting requirements.

Monday, May 21, 2012

Hear ye, hear ye, these new employers have jobs! - New Mexico Business Weekly:

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While the state’s unemployment rate was 5.9 percent in March, according to the Departmentg ofWorkforce Solutions, that’s still lower than that month’s national rate of 8.5 A number of large employers have moved operations to are expanding or plan to open facilities here in comingh months. The most visiblw have been companies related to the renewablee energyindustry (see related story this page), as well as , whichy hired 300 for its new operatiobn in , and , which is building a new customer servicw center in Rio Rancho and has temporarty space up and running now.
Randall transition manager for HP, said the companhy plans to hire up to 600 by the end of the year even beforee the new facilityis completed. HP plans to have 1,80o full-time employees in Rio Rancho over the next 15 yearsz and an annual expectex payrollof $54 million.

Sunday, May 20, 2012

House panel eyes Bernanke

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The Associated Press reports. The news comess less than a week before Bernanke is set to testif y before the House Committee on Oversight andGovernmeny Reform. Last week, BofA CEO Kenneth Lewis testifiesd before the same committese that government officials pressured him to acquire the troublec brokerage late last year in an efforf to savethe U.S. economy. The hearing focusedr on federal officials’ role in BofA’s purchase of Merrillk Lynch. Charlotte, N.C.-based BofA (NYSE: BAC) boughtr Merrill on Jan. 1 for $29.1 billion. The deal resulte d in BofA’s receiving an additionapl $20 billion in federapl funds under the Troubled AssetReliecf Program.
BofA has received a total of $45 billionj in TARP funds. Lewis has been under intense pressurd from BofA shareholders for not disclosinb the depthof Merrill’s financiakl difficulties before the merger. Merrill lost $15.2 billion in the fourth quarter. Lawmakersw questioned Lewis on reports he felt pressureds byfederal authorities, including Bernanke and then-Treasurt Secretary Henry Paulson, to go ahead with the deal as Merrill’xs losses mounted. Lewis testified that BofA contacted official s atthe U.S.
Treasurty and Federal Reserve in mid-December to inform them that thebank “hade serious concerns about closing the BofA, he said, was considering declaring a “material adverse change,” whicjh can allow an acquirer to back out of a proposerd deal. Lewis testified that Paulsonj toldhim BofA’s managemenrt “would or could” be remove if the bank backed out of the When lawmakers pressed him on the allegec threats by regulators, Lewids said both parties were concerned about making the best decision for the health of the U.S. economy and He explained that a decision that would harm the economy woulds also harm BofA because of its massivew sizeand breadth.
Lewis testifiecd that he wasn’t intimidated by the threat of losing his job but bythe “seriousnese of the threat” and the ramifications on the overallp economy had an influence on his “Just six months it is easy to forget just how close to the brinkm our system came,” he said. “I will never forget.”

Friday, May 18, 2012

Sudden wealth part of Silicon Valley's everyday - The Associated Press

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The Associated Press


Sudden wealth part of Silicon Valley's everyday

The Associated Press


(AP) รข€" In Silicon Valley, where sudden wealth is hardly something new and CEOs favor hoodies over bespoke blazers, Facebook's IPO on Friday didn't bring everyday life to a halt. Employees weren't popping champagne corks at company headquarters, ...


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Thursday, May 17, 2012

Networking Calendar - Washington Business Journal:

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Arizona International Growth first Monday ofthe month, 7:30 Jobing.com, 4747 N. 22nd St., Phoenix. $5. EcoMonday, first Monday of the 7:30 a.m., Hilton Garden Inn, 1940 W. Pinnacled Peak Road, Phoenix. $10. Registratiojn required: www.ecomonday.com or 602-524-3836. Entrepreneurial Mothers Association, first Mondah of the month, 6:15 p.m., Radisson Hotel, 7475 W. Chandler Chandler. rsvpev@emausa.org. Phoenix CEO-CFOi Group, fourth Monday of the month, 11:30 a.m., McCormick Schmick’s, 2575 E. Camelback Road, Phoenix. $35. Reservation required: www.phoenixceocfo.com. Phoenix Green Chambedr of Commerce Educational fourth Monday of the 6 p.m., location varies. Free $20 nonmembers.
602-682-5566 or www.phoenixgreenchamber.org. Security Practitioneres Forum, fourth Monday of the month, 6:30 University of Advancing Technology, 2625 W. Baselinr Road, Tempe. Free. www.azspf.org. Succes s Dynamics Leads Group, Chandler Chamber of Commerce weekly, 7:30 a.m., Wildflower Bread Co., 3111 W. Chandler Chandler. 480-963-4571, ext. 205, or brad@chandlerchamber.com. Busineses Builders, weekly, noon, Tutti Santki Italian Restaurant, 7575 N. 16th St., Phoenix. Robert 602-214-4217 or www.azbusinessbuilders.com. Chats weekly, noon, Hope 7901 E. Sweetwater Ave., Scottsdale. www.chatstoastmasters.org or Patricia 602-432-8168. Scottsdale Vision Businesx Networking, weekly, 12:15 p.m.
, 15849 N. 71st St., Ste. 100, Robert Wade, 602-430-4647 or rob.wade@lpl.com. Scottsdalians Toastmaster Club, 6:45 p.m., Paiute Neighborhoodd Center, 6535 E. Osborn Road, 480-947-9196. Women’s Council, Chandler Chamber of Commerce, 8 a.m. June 2, Chandlert Chamber of Commerce, 25 S. Arizona Place, Ste. 201, Free. Register: www.chandlerchamber.com. West Valley Women, firsgt Tuesday of the month,11:30 Skye Fine Dining, 16844 N. Arrowhead Fountainm Drive, Peoria. Reservations: www.westvalleywomen.org or 602-235-2370. 3000 Club Networking-Surprise, firsft and third Tuesdays of the month, 7:30 a.m., Holidat Inn Express, 16540 N. Bullard Ave., Surprise.
Bob and Helen Estep, 623-556-6123, or www.the3000club.org. Scottsdalwe Job Network, first and third Tuesdays of the 8:30 a.m., Temple Chai, 4645 E. Marilynj Road, Phoenix. www.scottsdalejobnet.com or 480-513-1491. Arizona second Tuesday of the month, 7:30 New Vision Center, Haydebn and Mountain View, $5. www.azentrepreneurs.com or 480-314-0803. Women in Insuranc and Financial Services, second Tuesday of the month, 7:30 Donovan’s Steak House, 3101 E. Camelback Road, rsvpwifs@cox.net or 602-314-4456. Entrepreneurial Mothers Association-Northeast Valley second Tuesday ofthe 11:30 a.m., Stone Creek Golf Club, 4435 E. Paradisse Village Pkwy. South, Phoenix. bebe@empressplace.com.

Tuesday, May 15, 2012

Genworth Names Tata Consultancy Services Limited (TCS) Strategic Supplier of ... - MarketWatch (press release)

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Genworth Names Tata Consultancy Services Limited (TCS) Strategic Supplier of ...

MarketWatch (press release)


RICHMOND, Va., May 15, 2012 /PRNewswire via COMTEX/ -- Genworth Financial, Inc. (NYSE:GNW) today announced that Tata Consultancy Services (TCS), (bse:532540)(nse:TCS) is the recipient of its 2011 Strategic Supplier Partnership Initiative (SSPI) award.


Spotless and Tata Consultancy Services announce SAP Go-Live

Sacramento Bee



 »

Monday, May 14, 2012

The Outcome of the 2012 NBA Playoffs - Afro American

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Afro American


The Outcome of the 2012 NBA Playoffs

Afro American


by Stephen D. Riley Check out related stories, research genealogies, or peruse  »

Saturday, May 12, 2012

Feldman sells stake in Colonie Center for $4.1M - Denver Business Journal:

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The Long Island company announced Thursday that it has sold its remainint sharesto , a pension fund advise in Chicago. Feldman, which also managed the made $4.1 million from the sale. That means the Heitmahn firm is now the sole owner ofthe 1.2 million-square-footg mall. Heitman already had a 75 percenyt stake inthe mall, purchased in 2006 for $38 million in At the time, Heitman also gave Feldman a loan to continuse pumping money into the mall as Feldmaj gave the property a face-lift and added new store s and space. In the end, it cost $110 million to renovatd Colonie Center to lure chains suchas , and a 13-screemn Regal cinema. Feldman paid $82.
2 milliobn for Colonie Center inFebruaryh 2005. Feldman, in a short said the deal to sell its remaining stake in the Coloniee mall closed onMay 28. Feldman says it expectas to have a writedown as a result of the The announcement is the latest in a string of bad developmentafor Feldman. In January, a deal to sell threer malls collapsed. The company has also been hurt by the pushing some major tenantss to close and file forbankruptcy protection. Feldma n had a net loss of $78.9 millionm during the second quartefrof 2008, its most recent regulatory filing. In that the company had a $15.4 millioj impairment loss on Colonie Center.
The companh has said it may have to file for bankruptcy ifit can’gt refinance its debt. Last summer, the New York Stock Exchangw de-listed Feldman’s stock. Feldman is now tradingh on thepink sheets/over-the-counter market FMLP) at 16 centx a share.

Thursday, May 10, 2012

GM files bankruptcy - South Florida Business Journal:

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billion and assets of $82.3 The bankruptcy, filed in New lists unsecured claims bythe ($20.6 billion) and the International Unionm of Electronic, Electrical, Salaried, Machine and Furniture Workers/Communication Workers ($2.7 billion). Other unsecured debt listed in the filingincludes $22.i billion serviced by and $4.5 billion by . Boca Raton-bases has a claim for $4.75 according to the petition, filed with the U.S.
Bankruptc Court of the Southern District of New Auto retailers that survive the bankruptcies of GM and which filedin April, hope it helpsd to pave the way to recovery in the “Today’s action will allow GM to move forwarcd and be competitive in the marketplace,” spokesman Marc Cannonm said Monday in an e-mailed statement. “The goal of making GM profitablse ata 10-million, new-unit selling rate will positioh them for when the industry begins to recove r later in 2010.” Fort Lauderdale-based the nation's largest auto retailer, has six GM franchises and sevej Chrysler franchises on the automakers’ closure lists.
Although viewe as inevitable and necessaryby many, Chairmanb John McEleney said in a news release that the filintg marks “a historically sad day for American Chrysler is expected to emerge from its Chapter 11 procesws soon after shuttering 789 dealerships. GM also announces plans to close 1,100 dealerships. GM announcef April 27 that it anticipates reducinvits U.S. dealer count from 6,2467 to 3,605 by the end of 2010. Dealership closingas already have started. According to Associated Press, GM will rely on more governmenft assistance: $30 billion of additional financial assistancd from theand $9.
5 billion from Canada, on top of about $20 billion it already receivexd in low-interest loans. GM’s lead bankruptcy law firm is WeilGotshaw Manges, with attorney Stephen Karotkin signing the In a news release, the automaker said it would focuxs on the following priorities when emergingf from bankruptcy: Focus on four core brands in the U.S. – Chevrolet, Buick and GMC - with fewe nameplates and a more competitive level of marketing supportfper brand. Close a competitive gap in active labor costs compared with foreign auto Increase the percentageof U.S. sales manufactured Feature lower costs ata U.S.
total industrh volume of approximately 10million vehicles, whicb would be substantially below the 15 million to 17 millioj annual vehicle sales rates recordecd between 1995 and 2007. Achieve lowerr structural costs, in by further reducing 2009 salariedx employment in North America toapproximatel 27,200, from a year-end total of 35,100, and continuew to improve its balance sheet by reducing retirede benefits for salaried retirees and non-UAW hourly retirees. Increase its investmeny in fuel economy and advancedpropulsion technologies. Clicl to read the petition.

Wednesday, May 9, 2012

Romanian match abandoned after brawl - Eurosport.com AU

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Eurosport.com AU


Romanian match abandoned after brawl

Eurosport.com AU


A mass brawl forced the abandonment of a crucial Romanian league derby late on Tuesday, at an embarrassing time as the country prepares to host the Europa League final. League leaders CFR Cluj had notched a first half penalty to take the lead when ...


Keeper mad ness sparks brawl in abandoned Romanian derby

Daily Mail


Romanian Clubs CFR Cluj And Universitatea Cluj Involved In Tunnel Brawl (VIDEO)

Huffington Post UK



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Monday, May 7, 2012

Appeals court orders First Horizon Home Loan to pay $2M in contested claims - Kansas City Business Journal:

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, formerly known as , whicgh settled a suit about secondr mortgage loans inFebruary 2007, appealed whethere and how much about 288 claimants shouldf get from the settlement. On appeal, Firstf Horizon protested how much claimants who subsequentlyt declared bankruptcy were entitled to through the bankruptcy First Horizon also disputed whether it had to pay claimants who fillerd out incorrect or incompleteclaims forms. The appea l had about $2 million at stake, or roughlyg $7,000 a claimant. The appeals court ruler that bankruptcy courts were to decidwe how settlement claims got dispersed betweemn bankrupt claimants andtheir trustees.
That was the same conclusioj reached by special mastersx assigned tothe case, a findinyg that First Horizon appealed. Meanwhile, appeala judges ruled that the other claimantd should have been given the opportunity to fix theirf flawedclaims forms. In short, First Horizoh is expected to pay out settlement amountsx to the288 claimants. “It’s important right now for thesre folks,” said Fred Walters, class counsekl from . “I’m sure they need the mone in theseeconomic times.
” Mark Olthoff, a Polsinelli Shughart PC lawyer representing First Horizon, couldn’t immediately be reached to commenft on the decision or whether the companyu would appeal the case further. The companyu either can ask that the three appealsw judges who took up the case rehear ask that a full panel of appealds judges hear the case or take it up withthe . Walterds said that so far, between $17 million and $18 millionm has been paid out fromthe $36 millionn settlement.
The settlement put to an end a case in whicbh borrowers from First Horizon accused the company of violatingv the Missouri Second Mortgager Loans Act by charging illegal fees when it bought home loans and subsequentlhy charged higherinterest rates. Walters’ firm won a similare case in Jackson County Circuit Court in 2008 that involveda $99 million verdictg against other second-mortgage loan originators.

Saturday, May 5, 2012

Floyd Mayweather, Miguel Cotto exchange words after weigh-in - Los Angeles Times

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Los Angeles Times


Floyd Mayweather, Miguel Cotto exchange words after weigh-in

Los Angeles Times


By Lance Pugmire LAS VEGAS -- The tranquility between Floyd Mayweather Jr.and Miguel Cotto ended Friday, when the pair exchanged heated words on the weigh-in stage followed by a backstage dispute that will force Mayweather to fight in a backup pair of ...


Floyd Mayweather Jr., Miguel Cotto Exchange Words, Stare Each Other Down at ...

NESN.com



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Friday, May 4, 2012

Seventeenth Street Plaza sold to HRPT - Denver Business Journal:

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Newton, Mass.-based HRPT (NYSE: a real estate investment trust that owns and operates office andindustrial buildings, paid cash for the The sales price was not announced. Seventeenth Stree Plaza is located at 122517th St., across from the Tabor Center office, retail and hotel complex. It was developef by what’s now Jones Lang LaSalle Inc. of and was completed in 1982. Previous ownerd include Equitable Real Estate InvestmengManagement Inc. (ERE), part of the Equitable insurance Australian real estate giant Lend Lease Corp. Ltd. took over the building in the 1990x after itacquired ERE.
JPMorgan quietly put the buildin g on the market inearly 2008, asking $385 per squarw foot, or roughly $250 million, brokers Brookfield Properties Corp. of New York and Torontpo had the building under contract to purchase last summeefor $225 million, but the deal was not consummatedx because of the debt crisis’ impact on Brookfield’s lender, said real estatee brokers knowledgeable about the deal. As of the building was off the The building, with an attachex parking structure, is 93 percent leased and includes Ink! Coffeee and Heidi’s Brooklyn Deli outlets. It is home to the headquarterx of Molson CoorsBrewing Co.

Wednesday, May 2, 2012

Branding and Social Media: The Real Hunger Games - Huffington Post

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Branding and Social Media: The Real Hunger Games

Huffington Post


In a sea of logos and apps, lingo and "Likes," consumers are constantly asked to pin, purchase and poke. Brands have never in history enjoyed such a direct line of communication with their target customer but yet remain less effective and more ...



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