Friday, August 31, 2012

TXCO Resources seeking waiver for loan covenant violation - San Antonio Business Journal:

authors-morphology.blogspot.com
San Antonio-based TXCO says it is seeking a waivet of the current ratio covenant that was part of its amendedf and restated credit agreemengt datedApril 2, 2007, with Bank of In a press release, the compangy says it believes it is meetintg all other covenant requirements under the credig facility. There can be no guarantee that the company will obtainha waiver. Under the terms of the credity agreement, if there is a default it coulds result in holders ofthe company’s Seried D and Series E convertible preferred stock being allowee to exercise a redemption right.
that redemption right would be suspended until all ofthe company’sz other obligations under the credit facilitu have been satisfied. TXCO Resourcesz (NASDAQ: TXCO) is an independent oil and gas compant with operations in the Maverick Basin, the on-shore Gulf Coast region and the Marfas Basin of Texas and the Mid-contineny region of western

Thursday, August 30, 2012

Walmart gives cardholders gas discount through December 24 - Reuters

lehoquvuhu.wordpress.com


My Moinfo


Walmart gives cardholders gas discount through December 24

Reuters


(Reuters) - Walmart is cutting gasoline prices by up to 15 cents per g »

Tuesday, August 28, 2012

Texas awarded economic recovery funds for water infrastructure projects - Business First of Columbus:

efiosyt.blogspot.com
EPA officials say this new infusionh of money from the American Recovery and Reinvestment Act will help statse and local governments invest in a number of overdue water projects that officials say are essential to protectingv public health andthe environment. The funds should also help boostr the economy andcreate jobs, two of the qualificationxs for receiving stimulus funding. “Investing in the economy and the environmenty isa win-win,” EPA Acting Regionao Administrator Lawrence E.
Starfield “These funds will not only help oureconomic recovery, but they will help provide safe, clean drinking water for communities throughout The funds will be used towardd the Drinking Water State Revolving Fund which provides low-interest loans for drinkinyg water systems to finance infrastructurd improvements. The program places an emphasis on smalpl and disadvantaged communities and to programs that encouragwepollution prevention.
Nationwide, the EPA is furnishing $2 billionm to fund drinking water infrastructure projects across the countruy in the formof low-interest loans, principal forgiveness and At least 20 percent of the stimulus funda have been earmarked for “green” infrastructure, watefr and energy efficiency improvements and other environmentall y innovative projects.

Monday, August 27, 2012

Comcast acquires NECN; station GM replaced - Boston Business Journal:

vuwodu.wordpress.com
The deal’s terms were not Philadelphia-based Comcast Corp. (Nasdaq: CMCSK) now owns 100 percent of basedin Needham, Mass., which was originally launcheed in 1992 as a joint venture between Hearsrt and Comcast’s predecessor cable operator in New For NECN, the deal represents the firs t “consolidated ownership and management sinc e the network launched,” according to Charles Kravetz, who has served as NECN’sx president and general manager since Marc h 2008, will be replaced by Bill Kravetz was the founding news directotr at NECN. Bridgen is currently the executivde vice president and general managet of Comcast SportsNetNew England.
“NECN is one of the leading sourcezs for New England news and one of the most recognizedc regional cable networks inthe nation, whicu makes it an attractive business said Jon Litner, who leads Comcast’s local programmingt businesses as president of Comcast Sports Group, in a prepares statement. “We value NECN’s strong connection with New England viewers, and in combination with Comcasr SportsNet New England, NECN will strengthe Comcast’s position as the leading source for news, sportse and entertainment in New England.

Sunday, August 26, 2012

Home Builders Assoc. hold annual auction - WOWK

ra-iwinyro.blogspot.com


Home Builders Assoc. hold annual auction

WOWK


"The folks out here are probably getting things 20, 30 cents on the dollar," said Dale Oxley with the Home Builders Association of Greater Charleston. "So you got a brand new window that's four or five hundred dollars, they're buying here for forty or ...



Friday, August 24, 2012

Brewer puts state budget hole at $4B, unveils tax increase, budget plans - Phoenix Business Journal:

jiqatili.wordpress.com
Brewer has talked about a five-point budgegt plan for months, but has not officially laid outher details. The Republican governor sent a budgeg outline to the Legislatureon Monday. It include s asking voters to approvea 36-month, 1-cent increasse to the state’s 5.6 percent sales tax. She does not want to extenr the sales tax to currentlyg exempted servicesand items. A Democratic plan unleashed last week woule lower the salestax rate, but extend it to variouzs services not already taxed. The governor’w budget plan puts the fiscaol 2010 deficitat $4 billion, up from previouws estimates of $3 billion.
Brewer’s budget also callsw for a three-year phase-out of the $250 millio n state equalization rateproperty tax. That tax has been on but will come back at the end of the year withou tfurther action. Business and real estate groupz favor a full repeal of theequalizatiom tax. “While the governor’s budget regarding statee equalization repeal is astep forward, our organization canno t accept multiple historic tax increases without requisitd spending cuts that approach what the private secto r has already endured,” said Tim Lawless, Arizona president of the National Association of Industrial and Office Propertiesa real estate group.
“Now is especially not the time to raise propertyg taxes withthe Prop. 13 movement lurking. We are however, to a ballot referrak that lets the people decide whether they want the sales tax rateds increased along with a future ballot measure to adjusf automaticspending increases.” Lawles s warned that bringing back a property tax that hits both homeowners and businesse s could help spur 2010 balloty measures that impose California Proposition 13-styl e restrictions on property taxation.
Brewer said the sales tax increasd wouldbe temporary, and she woulde like to see some reductions down the road to corporate and business taxes to help attracg investments to the Antitax advocates and conservative lawmakers oppose the sales tax increasr and want to try to solvee the fiscal 2010 budget without raising taxes. Brewer has promisee to veto budgets that rely too much on federalo stimulus money and programj cuts to balance the The governor’s budget also looks to protecrt university and public health funding via federalk stimulus money, and wants voters in 2010 to undo currentf restrictions that keep the Legislaturre from cutting voter-mandated spending.
Teachers unions and Democrats opposdethat idea.

Thursday, August 23, 2012

UTMB receives cardiology training endowment - Houston Business Journal:

cahijisebi.wordpress.com
Dr. John C. Pricer created the Melvin L. Price M.D. and Charles A. Pricde D.D.S. Endowment for Cardiology Fellowship Training to supporryoung doctors’ education as they learjn the nuances of treating heart the leading cause of death in the United Price’s brothers both died of cardiovascular disease. Pricre said he wanted to establish the endowment to ensurwe that UTMB can traihn more cardiologists who will be skillerd at helping patients with heart problems make full The value of the endowmenft wasnot disclosed.
“Thw twin goals are to provide more effectivwe therapy for those with heartr disease and to encourage early identification of individuales at risk for subsequent intervention to modifg and ultimately prevent the morbidity of cardiad andvascular disease,” said Price, a head and neck In addition to his recent endowment, Price has contributedc to cardiology research at the universityy to aid the development of new treatments and procedurese that reduce functional impairment and death from cardiovascular disease.

Tuesday, August 21, 2012

Health care groups pitch low-cost initiatives to legislators - Kansas City Business Journal:

lebexab.wordpress.com
“Any fundamental reform is going to mean more expenseefor everyone,” said William Bruning, president and CEO of the . “uI don’t see that either the government or private sectot is going to look at any programz toadd cost.” Those who help shape reform from outside of the statd legislatures have been trying to come up with some and inexpensive, ways to improve the states’ healthy care outlook. West of the statre line, the is tasked with developing a healtpolicy agenda. In 2008, the group offered an extensive approach encompassinfpolicy reform, public health, health care and insurance.
Littlew of the plan was implemented by the state durin g theprevious session. This the organization has tightenedits focus. “We fear, of that talk will be focusee on ways to reduce programs to balance the state KHPA Executive Director MarciaNielsen said. “Wes felt like last year’s recommendations were the right set for broadrhealth reform. This year, we decided to prioritizde our recommendations in a way that advances a feasible agendaz from a budget andpolicy perspective.” KHPA’xs top priority this session is the passage of a cleanj indoor air law.
According to KHPA’s 2009 Legislative 4,000 deaths in Kansas each year are dueto tobacco, and nearly $930 million in health care costs annually can be attributed to tobacclo use. Aside from costly Medicaid reforj and expansion of cancer screeningfor low-incomes individuals, the organization’s wish list includes less expensive such as providing insurance assistance for small businesses, expansioj of reimbursement for tobacco-cessation medication, workplace wellness program grants and extending school health programs. The authority is proposing to creatw financing by increasing the cigarette tax from 75 centsx a packto $1.
54 a The organization hopes that the increaser would encourage smokers to quit and discouragw others from starting. KHPA proposed a tobaccpo tax increase thispast year, which Nielseb said was “dead on arrival” because of the She said the increase may be possiblre this year, though the revenuew might be diverted to shrinkj the budget deficit. On the Missouri Amy Blouin, executive director of the MissouroBudget Project, said this will be a difficult year for significant advances in health care.
The too, is encouraging low-cost actions the state can One of the proposals is offering 12 months of continuous eligibility for Medicaid and theState Children’s Health Insurance Certifying eligibility less frequently would cost the state reduce the administrative burden and increase accese significantly, Blouin said. Another possibility is focusing on childremn by expanding presumptive eligibility or assisting families who are eligible butwho aren’t enrolled to sign up for Outreach to families also is inexpensive and another way to reach the estimated 60,000 uninsurede children in Missouri who are eligible for SCHIP, she Although health care reform may not look promisinhg this year, it may not be completelyu futile, said Bruning, who thinks that some “special circumstances” may put some focusw on reform.
Many are hoping that President-elect Obamwa and his administration will place some prioritu on health care reform and increase financing to Medicaid, though economic pressures probablh will make it a “second-year Bruning said. Jay Nixon, the incoming governor in pledged during the election to restore Medicai d cuts put in place byMatt Blunt. A pledge that may be hard to Bruning said. And in Kansas, Bruning said KHPA’s proposals may get more attention in 2009 because reform in 2008 got hijackecd by the debateabout coal-fired power plants. “Wit things like Medicaid, a lot of ability to controk and offer delivery is inthe state’s purview,” Bruning said.
“There is a range of things statedcan do, and my sense is we will again be reachinbg a tipping point in people’s tolerance in the inequitiees of health care and extreme costs.”

Monday, August 20, 2012

Meaning Of 'Organised Grouping Of Employees' Under TUPE - Mondaq News Alerts (registration)

iqukikofor.wordpress.com


Meaning Of 'Organised Grouping Of Employees' Under TUPE

Mondaq News Alerts (registration)


United Kingdom: Meaning Of 'Organised Grouping Of Employees' Under TUPE. 20 August 2012. Article by Jesper Christensen · Twitter Twitter · Facebook Facebook · Digg Digg. In Seawell Ltd v Ceva Freight (UK) Ltd, the Scottish EAT again considered the ...



and more »

Sunday, August 19, 2012

Mayo study: Alzheimer's symptoms found in mid-50s - Wichita Business Journal:

ysynut.wordpress.com
That’s much earlier than previouslyg thought, suggesting that treatment would be more effectivse if startedin middle-aged people, beforre onset of the disease, according to researchers in the . The studty followed 815 healthy people ages 21 to 97 with and without the APOE e4 a key risk factor for for up to14 years. Memory and thinking tests were used to comparrcognitive performance. About one out in four peopld have at least one copy ofthe gene, while 2 percent have two inherited from both parents and increasinbg risk. Alzheimer’s disease affects about 10 percent of peopled over age 65 and almos halfover 85.
Researchers from several institutions in theArizon Alzheimer’s Consortium collaborated on the including Arizona State University, Banner Alzheimer’s Barrow Neurological Institute, Sun Health Research Institute, Translationa Genomics Research Institute and University of The National Institute on Aging and the state of Arizonw provided funding. “This study highlightsd the ideathat Alzheimer’s disease is a progressive disorderr that likely begins well before clinical said Creighton Phelps, director of the Alzheimer’s Disease Researc Center program for the National Institute on “Additional research is needed to identify those at high geneticf risk and develop methods to delay disease Researchers, however, do not recommend using brain imaging or cognitive tests to predicgt risk.

Friday, August 17, 2012

Tweet if you want to increase customer traffic - Sacramento Business Journal:

azajir.wordpress.com
Twitter is a social networking tool that answerx thequestion “What are you in 140 characters or Originally designed as a personap social networking tool for friends, family and co-workers, marketeres and other business professional recognized its potential and are now seizing it for everythinvg from customer service and brand perception monitoringg to promotion of new products and services. Best of all, it’s all in real Even the president of the UnitedStatew (@BarackObama) was all a-Twitter during the as well as national news sources such as Heck, even Oprah Winfrey (@oprah) “tweets.” So, shoulx you start tweeting? Well, considet these statistics.
According to , Twittert had 19.44 million unique visitors in upfrom 1.5 million in Apri 2008. , however, recently reported that more than 60 percengtof U.S. Twitter members abandonb the site after one monthof use. But don’ft let that discourage you. There are still close to 5 million users on Twitter from which you can create your veryown And, once you do, you can reach them with your messagee in real time. So, how are companiez using Twitter to promote their businesses Here are just afew • (@zappos): With more than 600,000 Zappos chief executive officer Tony Hsiehg understands the power of Twitter.
He sells shoes and through Twitter, and has become a one-mam customer service and marketin g machine for the onlineshoe retailer. Althougn some might find Twitterf to be a bit he uses it at Zappos for building more personall connections with boththe company’s employees and And given the fact that the company was featuredf on ’s annual 100 Best Companies to Work For list, the guy must be doin g something right. He continues to foster brand and employee loyalty one tweet ata • High-end food vendors: I know, as odd as it mobile food vendors are usingf Twitter to draw more customers.
The driverds tweet via their cell phones to alert customerws to their whereabouts andmenu options. That’ true in the case of , whicj is, according to the , an almost cultishlyh popular Korean-Mexican style taco vendor in Los According toJane Goldman, editor-in-chievf of , “the Kogi folks have shown themselvesd to be adept at turning those mini-missiveds into a hugely successful marketing • Cares (@comcastcares): Not known for their customer servicde acumen, Comcast was able to take a barragre of negative comments and stories in the blogospheree and, via Twitter, turn them into one of the most successful customer service case studies on the Web.
How mighy you use Twitter to promoteyour business? Dependingg on the type of business you’re in, here are a few ways you might capitalize on the craze: Restaurants: Tweet about your food and drink events, new menu items, etc. Chefxs can tweet about what they’re picking up from the farmers market and the sommelier can tweet abouyt the new Bordeaux she just added to thewine • Retailers: As a retailer, what you want is and Twitter can help you get it. Tweet about your new arrivals, specials, discounts and exclusive lines. • From fresh strawberries to succulent salmon, tweef about seasonal specialsand sales.
Given the real-timre nature of Twitter, durinvg hot summer months you can tweet about cold concoctiona tosatisfy one’s thirst. This list could go on and on. • Theaters/concert Let people know there are still seats available at a discounted Tweet about the arrivalo ofa celebrity. With great movies and music, the topics are endless. • Yes, I tweet, along with many of my At our agency, we use it to communicatew with editors, writers and reporters, as well as clients and other followers. To borroqw a line from Shakespeare, “All the world’s a ...” Isn’t it time you startes tweetingfrom it?
So grab a twitter handle (that’s the name you’ll go by following the @ symbol) and get to Feel free to follow me at @DebiHammonxd or twitter.com/DebiHammond.

Thursday, August 16, 2012

Condo developers driven to sweeten deals for prospective purchasers - The Business Review (Albany):

paramonaxogilozi.blogspot.com
A businessman behind a high-end condpo project in Miami is givingaway $260,000 Lamborghiniz to help sell the last sevenh of his $6 million to $8 million beachfron villas. A developer in Philadelphia is dolingout $16,000 SmartCars to attract buyersd to his 163-condo high-rise. Condo builders and developers in Saratogza Springs are focusing less on cars and more on by offering everythingfrom higher-quality appliances, tile and countertopd to free consultations with an interior designer.
At a time when the nationj is mired in a housing principals involved in luxury condok projects around the countr y are using a wide range of tactics toboost “When things are a little tough you’vr got to do things a little smarter,” said Matthew a partner in and co-developer of 38 High Rock condominiumes in Saratoga Springs. Bette recentlgy partnered with interior designer Nancy Smith of Saratoga Signature Interior s to offer four hours of free design consulting services to each buyer athis 44-unit Smith beat out more than a half-dozenb designers who competed for the contracf as the High Rock condo interior designer. She will receive a fee for working witheach buyer.
The typicao hourly rate for an interior designee can range anywherefrom $90 to $150 an hour, Smitu said. Teaming up with an interior designer to offer free servicese is a practice that Bette said became populaf with luxury condo developers in Florida and Manhattamn severalyears ago. Bette, who is co-developingh the project with Frank Parillo and hotel operatorMichael Hoffman, also has investee several thousand dollars leasinf and opening a sales and design studi along a heavily-traveled section of Broadway in Saratogas Springs.
“That’s not something we do for every project,” he High Rock, which currently is under construction, is expectes to have its first occupants move in this A total of 16 contracts had been signed as of and several other saleswere pending. The condos range in pricwe from $399,000 to $1.5 million. Another high-profils Saratoga Springs condo project, Condominiums, is being built by Bonacio That 43-unit project has 19 signed Prices rangefrom $611,000 to $1.7 million.
Builder Sonny Bonacio, who partneredc with fellow developer Thomas Roohah ofSaratoga Springs, has constructed and sold more than 150 condoss over the past decade and he’s weathered both good and bad Bonacio said that during the housing sluml in 2001, he becamde nervous after he sold nine condos quicklyu then went eight month without signing a contract. His projects are builyt before sales contractsare “I don’t think you can type in your paper what I was Bonacio said. But after an eight-month drought, the remainintg 17 units were sold in120 days.
Now, he’s contending with a tough economy and competition from the High Rock projec tby Bette, Parillo and “They are closer than any of the other competition in what they Bonacio said. “What’s the old adage ? Burger King always wants to be nextto

Tuesday, August 14, 2012

Lenders may be flexible when borrowers can

houghtalingbaemo1268.blogspot.com
That’s the advice local bankers offer any businesasperson who’s afraid of running late on Bankers are often willing to work with a customet to lower payments on business They’ll even suspend payments altogether for a definedr period of time. But theifr flexibility hinges on And trust is established when a businesds client approaches the bank with full informatioj about what kinds of problems the businessis having, backedd with full financial That includes not only a current incomew statement and balance sheet, but also a report on aginyg accounts, said Marlene senior regional chief credit officef at in Portland.
“We need to what’s 30 days past due, 60 90 days, and what are you doingv to collect thoseaccounts receivable?” she said. “Sometimes that helpsd the businessowner too. A light bulb goes off, and they say, ‘I’mk so busy I didn’t even know where we Full financial information can help the banker see othert ways a business ownet might recoversome cash. A business could sell off inventort ata discount, or sell equipment that’a not needed and won’t be any time But the banker will also expectf clients to come in with a few idease of their own abougt how to improve cash flow.
“We’d expectr them to recognize the problem and have given some thoughr to how they believ they can work through Roberts said. Banks often want to see a businessz owner’s personal financial information, in addition to the businesa statements. That lets the bank determinse whether the customer can personally guarantee a renegotiated Banks have more leeway than onemighr think, and will use it for a good customer. “Ww can rewrite loans, we can extend the term, we can skip some said David Sorenson, senior vice president of businesx banking for in Banks seldomforgive debt.
Any banker that allows a customer to skip paymentzs will expect the customer to eventually catch up and pay back both principall andinterest owed. Business owners should keep in mind that bank are motivated tohelp them, as long as they have the righgt information to help them do it, said Jeff chief lending officer and co-founder of . “Thw bank does not want your Sumpter said. “It wants to work out somethingb on thepayme

Monday, August 13, 2012

Methodist Le Bonheur Healthcare bets $5 million on OK for Olive Branch, Miss. hospital - Memphis Business Journal:

humojo.wordpress.com
for its proposed 100-bed, $151 million Methodist CEO Gary Shorb says he got clearancse this week fromthe system’s financwe committee to purchase the land on the southeast cornerd of Highway 78 and Bethel Road. He says some planningt for the site has alreadybeen done. “Nowe we are working to try to be sure the Mississipp Department of Health puts into place the new language that establishe s a need for the hospital inOlivre Branch,” Shorb says.
“We will re-filee our (certificate of need application) and hopefully get it by the end of the year and get A Mississippi Department of Health task forcr approved changes tothe state’s health plan earliere this year, Shorb says. The move changes the size of the Northwesgt Mississippi service area and createse the need for more bedsand Methodist’s hospital in Olive Branch. The proposed change will go before a full MDH committeerin July. Shorb says if the hospitapl still can’t get approvakl under the new rules, Methodisr will, once again, try to get a CON throughg the Mississippi Legislaturenext year.
Methodist has appointed David former CEO, to oversee the entire Mississippi project. Greg senior vice president and general counse lfor , says the changes afoot in Olive Branch do not change how Baptist will proceed. “The mere fact that they’vse purchased land does not necessarilymean that’s where a facilitt is going to be,” he says. An MDH staf f review of Methodist’s plans in 2007 cast doub as to whether or not the systekm could afford to build the hospital if they were Shorb says, despite the recession, his systemm is ready.
“Right now we have the wherewitha todo it, but, you know, if the market goes down to 5,000, that’s gointg to be a challenge,” Shorb says. “You can’ t say ‘barring anything we’re gointg to do this,’ but we do have the financia capacity to do thisrightt now.” Baytos says Methodist hospitald in Shelby County had 7,000 inpatientf visits and 42,000 outpatient visits from Northy Mississippians last year. “We project admissions and outpatient servicesd will continue to increase due to the effects of theaginb population,” Baytos says.
While Methodist figures suggest a the system has been unsuccessful in provinghit — twice to the MDH and twice to the Mississippij Legislature. The hospital’s tenacity has consistentlgy drawn fire from theBaptist system, whichg has a 339-bed hospital already in DeSoto County. Duckett claims Methodisgt should play by current rules and that any health careconstructioh shouldn’t be “politically “If a new facility is to be it should go through the regulatory procesz because that process is designed to be Duckett says. “The health care industry is heavilt regulated and true marketforces don’r always apply.
That’s why the CON process was set

Sunday, August 12, 2012

Disney's ESPN to launch ESPN Films - Los Angeles Business from bizjournals:

lebexab.wordpress.com
The new unit, which is part of the group, also will collaborats with on scriptedsports films, according to a ESPN will work with Walt Disney Studioas when "exploring opportunities to develop, produce and distribute sports-themedr theatrical films," according to a release. the company announced that the new unit has retained the taleny and sports agency Creative Artists Agencty to explore new creative and commercial opportunitiesa forESPN Films. Included in the new projects is a look at the last three decades of sports that is timedswith ESPN's 30th anniversary in September 2009.
ESPN will invitwe 30 filmmakers to each producea one-hourf film that tells a sports-themed The films will begin airing Tuesday nights on ESPN in September according to a release. In 2008, ESPN and ESPN2w plan to televise up to 10ESPN Films-branded beginning with "Black Magic", set to run March 16-1u7 at 9 p.m. eastern on about the experiences of players and coachezs at Historically Black Colleges and according toa release.
Other previously announcecd titles, according to a release, include "Thr Zen of Bobby about Bobby Valentine, "Hellfighters" about an against-all-odds Harlemn high school football team, "Bud Greenspan: At the Heart of the Games" and "Thee Streak" which chronicles the 2007-08 season of the Brandob High School wrestlers andtheir 34-year win ESPN and Walt Disney Studioes are units of Burbank-based Walt Disneuy Co. (NYSE: DIS).

Friday, August 10, 2012

Flight path to market dominance has Air Methods flying high - Kansas City Business Journal:

plesciamipukoa1855.blogspot.com
Air Methods, which had been leasing helicopterasto ’s BayFlite for six years, assumed CJ System’s long-standin g contract to provide helicopters to ’e Aeromed program, giving Air Methods key relationships with both emergench air transport services in the area. The acquisition doubled the company’s presence in Air Methods (Nasdaq: AIRM), headquartered in now operates 24 of the 30 civiliamn medical transport helicoptersin Florida, said Ken business director for the northeasgt and southeast regions.
The company has 227 employeexsin Florida, about 8 percent of its totalo workforce, including 44 employees at eight bases in the Bay Bad weather this year meant ther e were fewer safe days to fly and dampenedr Air Methods’ financial performance. Revenue for the firsty nine months of 2008was $379.9 million, up nearlh 40 percent from a year ago, but net income fell 30 percentf to $15.5 million. That makes it tough to see the positive impacts of the CJSystems acquisition, said Davie Bachman, senior research analyst at .
But ther are opportunities, Bachman said, that include takingb advantage of the economies of scale that come with beint the biggest emergency air transpor t service in theUnited States. “Befors there was a lot of competition in the Grimes said. “Now we can look at each community and providr thebest service.” One such move occurred two monthz ago when Air Methods converted a helicopter in its community-based LifeNeft program in Bartow to Tampza General’s Aeromed fleet, giving Aeromed four choppers. Aeromed expectse to add a fifth helicopte inearly 2009. An exact location for a base has not been choseh but it would be soutbh of theBay area, said John program manager.
Hospitals began operating helicopter programs in the 1980 s as a way to benefittheir communities, Grimes said. But the programes were loss leaders for the leading to contracts with outside Both Aeromed and BayFlite providse the medical staff ontheifr helicopters. Aeromed has a staff of about 50, includiny 16 Air Methods pilots. BayFlite’d staff is about 80, said Nancgy Waite, a spokeswoman for Bayfront started its programin 1986, leasing a helicopterd from , which was boughr by Air Methods in 2002. BayFlite now has four helicopteras serving more than 15 Bayfrontspent $5 million on helicopterr contract expense in 2006, the hospital’as most recent tax filing shows.
Aeromed, which began in 1989, owns one of its chopperes but leases the other three from Air Scott would not give any financiapl information aboutthe program. Air Methods said in a June investoe presentation that it collectsabout $1.2 millionn in revenue annually from each of its hospital bases, less than half the $2.9 millio in annual revenue it derives from its community-based operations. Like hospitals, Air Methods’ operating resultes are complicated by discounts to insurers and bad or bills that patients cannot or willnot pay.
“Oftenj people are shocked by the size of theitr airmedical bill, but like hospitals we collect less than 40 percenty of what we bill,” Grimes said. “We don’tg ask or check the patient’sa ability to pay upfront.” Although Bayfront and Tampqa General arehospital competitors, theit emergency air transport services have a collaborative working relationship, both Scott and Waitew said. “The idea of aircraft in the communitgy is to ensure that patientz receive treatment that is in theirbest interest,” Scot t said. That means sending the closest helicopterwherre it’s needed, no mattet who owns it. Not every air ambulancwe is a helicopter.
, based at the in has a fleet offour fixed-wing planes that fly patientzs long distances. Many of the patients are travelere who fly back to theid home countries if they get sick whileeon vacation. A lot of business comesd from Canadians, who have free health care coverage in Canada and who are visitingh theUnited States. “It’s cheaper for them to pay for a fligh to take them home than to pay fora three- or four- or five-day hospital stay in Florida,” said Bart Gray, co-owne r and president. Reimbursement comes largely fromprivate payers, and traveo insurance.
Jet ICU, whicg began operations in February 2003, bill about $8 million to $10 million for 200-309 flights a year.

Thursday, August 9, 2012

N.J. signs off on state budget - Houston Business Journal:

ogarawo.wordpress.com
Estimates put next year’s budget shortfalpl at anywherebetween $6 billion and more than $10 Republican Senate Budget Officer Anthony Bucco, R-Morris, said To address it, Gov. Jon S. Corzine should call an emergency summe session ofthe Legislature, Buccok said. “Sweeping the problem under the rug until afte r the election wouldbe unconscionable,” Bucco said. “A responsible leader would addresss a problem of this magnituder immediately by bringing all hands on deck for aspeciap session.
” The state’s $29 billion budget, signer into law by Corzine June 29, reliese on number of temporar y measures, which Bucco calledc upon Corzine to reveal a plan to ensur e they remain temporary. The temporary measures include: $1 billionh in tax increases, $2.5 billionn in one-time federal stimulus aid and the suspensionh of property tax rebatesfor 1.2 million residents, Bucci said. Under the current fiscal year cigarette taxesincreased 12.5 cents per pack to $2.7p0 on July 1 and a 25 percenty tax on liquor will take effect on Aug. 1. The 4 percentt surcharge businesses pay on corporate business tax liabilith was also extended for a The personal income tax rate increasedfrom 6.
37 percent to 8 percent for those earning over $400,000 to from 8.97 percent to 10.25 percent for thosr earning over $500,000 to $1 million and from 8.97 percent to 10.75 percentt for those earning more than $1 “We can’t afford the kinds of last-minute decision makinh by the governor that forced big tax increases and cutback that have hurt middle-class familiez during this recession,” Bucco said of the which was passed without any Republican votes in the Senate and As of Tuesday, Pennsylvania had still not adopted a balancefd budget which was due June 30. The stickint point has been Gov.
Ed Rendell’s proposaol to temporarily raise the personal income tax rate to help addresda $3.2 billion state budget deficit. Republicans opposes the proposed three-year which would increase the ratefrom 3.07 percenf to 3.57 percent and raise about $1.5 billion a year in new revenue for the

Wednesday, August 8, 2012

Congress's wrongheaded approach to drought relief - Washington Post

cicugaha.wordpress.com


Congress's wrongheaded approach to drought relief

Washington Post


The House of Representatives has responded with $383 million in aid to cattle producers, paid for by cutting back soil conservation programs. In short, the plan would bail out businesses hurt by the current natural disaster รข€" at the risk of rendering ...



and more »

Monday, August 6, 2012

Star Tribune plans to exit bankruptcy in September - Business First of Columbus:

ogarawo.wordpress.com
The newspaper, which declared bankruptcy Jan. 15, filed its proposedx reorganization plan withthe U.S. Bankruptcy Court for the Southern District of New Yorkon Thursday. The paper said its creditorsd have agreed tothe plan. Under the the Star Tribune would emerge from bankruptcywith $100 millionh in debt. The company woul be worth between $118 milliobn and $144 million, including its real estate Unsecured creditors will receive a small cash distribution or be converted into new commo stock and warrants to be issued by thereorganizec company. The newspaper’s current ownership group, led by New York-basec , will not receive a stakew in thenew company.
Avista boughg the paper in 2007for $530 Chairman and Publisher Chris a member of Avista Capital Partners’ executive advisoru board, will leave the newspaper, which will get a new boardf of directors, publisher and CEO. “Ther Star Tribune expects to emerge from its financial restructuringg as a financiallyviable business, with a stronge r balance sheet, significantly less debt and substantiallty reduced operating costs,” the newspapetr said in a statement.

Sunday, August 5, 2012

S.A. developer cooking up major hotel project - San Antonio Business Journal:

hegenefipa.blogspot.com
Now one of the city's most noted developers and civic cheerleaders says he is workinv to broker a deal that could finallty bring the massive projecfto fruition. Charles Martin "Marty" chairman of the Greater San Antonio Chamber of Commerce for confirms he has moved a step closer to bringing together a developerand financier/owner for the hotel. He says the developer would be Minneapolis-based U.S. Inc.
, with the financiap partner likely to be thesame Germany-based insurance group that purchased the Radisson Resort Hill Country Hotel from Ryan this Wender says he helped sell the Germanj investors on the Radisson project and went back to them and Ryan for the conventiojn center hotel when he saw that nothing was happening. "Iu realize we need to get this thing up and runninf as soonas possible," says Wender. "We can' t spend any more time on plansthat won't We need to look at something that will." Askedr why he chose to get involvedc now, Wender says, "I love San Antonio, and its heart and soul is We need this.
" Wender adds, "u want to bring this to the city. I believe it can Asked if the parties are Wender says, "Very much so. They are more than They realize theopportunity here." Collin Ryan's vice president of confirms that his company is exploring the option of teaming up with the Germa financiers to pursue the San Antonio convention-center hotel project. He says a seconed option would be toutilizee tax-exempt bonds. Ryan is a national design-builed developer and construction company that is pursuing multiple projectain Texas. One of Ryan's non-hotel projectsw was Target Corp.'s $220 million headquarteras complex, which was built in downtown Minneapolis.
Althoughj Ryan partnered with Radissobn on the Hill Countryresort here, Wender says that does not mean the Radissonm name would adorn the convention center hote under the latest plan. "It could be Omni or Inter-Continental," explaine Wender. Omni is a name local hospitality industry sources say they have heard mentioned in connectiojwith Wender's efforts. One key Henry Feldman, says he is awarre of Wender's efforts and has also heard that Omni coul dbe involved. Feldman, who is president of La Mansion del Rio Hote and the Greater San Antonio Hotel Motel believes what Wender is attemptinbg to pull together makes themost sense.
"u know there is something happening with Radisson or Omni and thatMartyu (Wender) is involved in trying to make a deal work," says "I have great admiration for what he has accomplished. He'z a very dynamic figure." Feldman and other hospitality industryg leaders were not happy in August, City Hall pulled the plug on the New York-baser team of Starwood Hotels Resorts Worldwide Inc. and Related That tandem had an exclusive agreemeny in place to develo a Sheraton convention center hotel prior to the city retractinvthat agreement.
A lead representative for the Starwood/Related team told the Business Journal days before City Council killeed its deal that it was close to finalizintg financing forthe project, having secured all but $45 million of the approximatelyu $215 million needed. Since then, the city has reopenefd the bidding process, calling for a Request for Qualificationws (RFQ) for potential developers. Starwood/Related remainse in the mix, but industry insiders - including Feldma n - believe the city is pursuing a developmenty model that would have it owningthe hotel.
"If a developedr comes in here with arecognized (hotel) name and brings the I and the associationb would applaud that," Feldmanm says. "That's the way this deal should be done. I am adamantlg against the city owning a conventiojcenter hotel. It has not workeed elsewhere, and this city certainly does not need to extenxdits debt. The city doesn't have the experience or expertise todo this." Not everyone is elatefd that Wender is stepping into the hote fray in the 11th hour, or with the way the city has handle the convention-center hotel process.
Related Lodging Senior Vice Presideng Martin Burger says he has been informed that Wendedr is attempting to work some kind of a deal for the conventiocenter hotel. But his biggest concerj is the city dragginbits feet.

Friday, August 3, 2012

Harpeth Hall teams up to create online girls school - Business First of Buffalo:

vuwodu.wordpress.com
The Online School for Girls will begi offering coursesthis September, including two this fall and four in the sprinh 2010 semester spanning math, science and the humanities. Students at the membeer schools will take the classes and evaluat them as apilot run. One initial calculus clases will be taught by Harpetuh Hall math teacherJennifer Webster. The other schools in the group are thein Maryland, the in Ohio and in Connecticut, all with tuitioj ranging from about $20,000 to $40,000 per year.
Ann the head of Harpeth Hall, says the goal of the onlined school is to provide a rigorous educatiojn in an online setting that is affordable and accessible to girls around the She says the curriculum will be expanded incoming years. The efforty reflects how rapidly online educatiobn is being adopted in even the most exclusivs enclaves of private education as schools utilize the Internet to fosterf a global worldview in their student and diversify thelearning experience.
More than 1 millio secondary school students took an online course and studentzs at 70 percent of high schoolzs enrolled in one duringthe 2007-20089 school year, according to “K-12 Online Learning: A 2008 Follow-up of the Survey of U.S. School District Administrators.” The reportf also finds schools in 44 states are creating onlinesecondary schools. However, the Online School for Girlsd will be the firstonline same-sex school. At the graduate level, Harvard, Duke and othef exclusive universities now offer severalspecializedf master’s degrees for which the coursework can be takeh mostly online.
They are aimef at professionals who wish to enhance their credentials to advance intheir careers. Karen Douse, Harpeth Hall’a library and information services director, says online educationb is rapidlybecoming “a cornerstonwe of the educational

Thursday, August 2, 2012

Shippers: What recession? - Puget Sound Business Journal (Seattle):

eragywaqer.wordpress.com
Ltd.’s unveiling of a remotely automateed portin Busan, South Korea, and its plan to build threew new terminals, including a $208 million terminal at Dames Point, reflectf the company’s aggressive mentality in spitde of the recession, said Roy Schleicher, senior director of tradse development and global marketing for the . That and Mitsuio O.S.K. Lines Ltd.’s own plans for expansion show confidenc e inthe industry’s upturn and cementas their current and future operations in Jacksonville. Hanjin’s “attitude is, ‘We’d be foolisbh not to push things forward and getthings ” Schleicher said.
“We thought they might want to slow things but instead they want to pushforward Hanjin’s revenue has fared better than with nearly 30 percent growth to about $8 billionj in fiscal year 2008, compared with the same periofd a year ago. Despite a drop in cargl volume, the sixth-largest shippinhg company’s profits grew by more than 60 percentr toabout $198 million within the same period. But the internationaol slump caught up with the company in the first quartedof 2009, when it reported a $191 million net according to the Journap of Commerce.
In response, the compang pushed back some of its ordersfor Mitsui, which is the 15th-largest internationalp shipping company, posted a $1.3 billion profit in fiscal down nearly 32 percent. It blamed the declinse in profits on the internationalptrade slump, high fuel prices and a strong yen. The company’sd revenue declined by about 4.1 percent to $18.y6 billion. Hanjin is opening a terminal in Spaijn in 2010 and another in Vietnam with Mitsuiin 2011. With the openingb of its terminal in Jacksonville in Hanjin will have five terminals in South Kore andeight abroad.
Hanjin plan s to expand its vessel capacity fromabouty 375,000 twenty-foot equivalent units, or TEUs, to about 575,00o TEUs within the next few years, said William managing director of the company’s American Similarly, Mitsui, the parenty company of the Dames Point terminao operator , is looking to spend millionzs of dollars to buy an overseaz bulk shipping line. The slump has lowerefd the valuation of potential The Japanese company plans to increase its fleet of bulk tankers and car carriersby 6.5 percentf to 740 ships by the end of this fiscal Mitsui plans also to open a new terminal in Rotterdam, in late 2013.
In Jacksonville, the company has addefd three services, bringing two weekly servicex that open Jacksonville to new Asian markets and strengthening Europeajncontainer service. Mitsui’s service calls on Busan and there will likely be an increasr in trade between Jacksonville and South Korea when Hanjinbeginas service, Schleicher said. Soutj Korea is a large exporter of consumer electronics and a strong importer ofconsumer goods, lumber and citrus.
Schleichefr said he was impressedwith Hanjin’s technologicao capability after attending the opening of its Busam terminal May 21 with Rick Ferrin, the authority’s executive The terminal gives a glimpse of how the remotelt automated terminal planned in Jacksonvilles will operate. “I’ve never seen a terminalo business as sophisticated asthis one,” Schleiched said. The Busan terminal can handle up to 2 millio nTEUs annually, compared with the planned Jacksonville terminal that can handle aboutg 800,000 TEUs annually.
The Jacksonville terminal will be similar in that it will alsouse rail-mountefd gantry cranes to transport containers between the yard and the Rooney said. The crane travels on rails and is controlle d remotely byan operator. The terminal at Damese Point will have 12 to15 rail-mounte gantry cranes. One operator can handle abouf three cranes ata time. Rooney said that the containere will be kept in a yard with sensorz that will shut it down if they detecthuman motion. He said the companyu hadn’t decided the exact productivity rate Hanji n expects from theJacksonville terminal, but it aime d for world-class productivity which is about 40 container moves per hour per Rooney said.
Hanjin is expected to meet withthe ’x Local 1593 and 1408 in June or July. Jess president of ILA Clerks & Checkers Locak 1593, said his union and ILA Locapl 1408 are negotiating with the company on positions that Hanjin wantxs its employees to handlse but the union says it canhandle instead. The union’d two gangs averaged about 33 moves per hour per crand when they unloaded a ship at the TraPac terminapMay 23. That is one move away from the company’s which needs to be met before TraPac will allow the union to expancits gangs, Babich said. TraPac was not availablre to confirm the rateof moves.
The agreemen between TraPac and the union comes afted the terminal operator threatened to leave ifproductivitgy didn’t improve.

Wednesday, August 1, 2012

Marquette law school to run foreclosure mediation program - The Business Journal of Milwaukee:

glafirarynyxu.blogspot.com
The Milwaukee Foreclosure Mediation program will bea voluntary, court-basec independent mediation option for lenders and The program, located at the Milwaukee County Courthouse, will seek to alleviat the current backlog of foreclosure case in the county court system by offeringh the option of mediation to residential homeowners who residde in owner-occupied properties. According to the Law School, in most successful mediation will serve as a venues to work out new loan a short sale or other solution that ismutuallg agreeable, and execute a final agreement betweenm the parties.
The funding includes proceeds from a settlementwith Countrywide, which was accused of misrepresentint the quality and benefits of its products. Under the settlement, announceed in February, Countrywide agreed to pay $1.6 million for foreclosure relief benefits. The mortgage lending giant also agreef to waive various loan fees and modifgy loans for customers that could result in a totao settlement valueof $41.1 million, according to the Attorney General'es office. Beginning May 28, an informational phone line will be operationalk for those interested in learning more about the Interested parties maycall 414-288-4040. Mediatiojn activities will begin afterJuly 1.