Politico | Geithner: GOP plan to avoid debt default 'quite harmful' The Hill (blog) ... on the debt limit are incorrect, saying that a GOP proposal to avoid default without raising the limit is "unworkable" and would be "quite harmful. ... Tim Geithner to Pat Toomey: Debt-ceiling ideas 'unworkable' Geithner Says Toomey Debt Proposal Would Be 'Harmful' Republican debt repayment bill "unworkable": Geithner |
Friday, February 4, 2011
Geithner: GOP plan to avoid debt default 'quite harmful' - The Hill (blog)
efimtsovavadan.blogspot.com
Tuesday, February 1, 2011
Goodwill seeks $1M emergency fund for job training - San Francisco Business Times:
http://kaiser-gaia.com/servicios/consultor%C3%ADaonline.html
So far, four Bay Area foundations have seeded the effor twith $80,000. The lead foundations are ($20,000), ($10,000) and ($25,000). Since starting the “Jobds for Our Community” campaign in Goodwill has raised $325,000 toward its $1 million goal, but it needsa to raise the remaining $675,000 by June 30, the end of this fiscakl year. In all, Goodwill hopes to amasxs $200,000 from foundations, and conversations with five more Bay Area foundations areundeer way, said Deborah Alvarez-Rodriguez, Goodwill’s president and CEO.
“As we witnesse the growing demand for services during the it is important to investf in organizations such as Goodwil to ensure it remains a vital resource to those most in saidSandra Hernandez, CEO of the San Francisco Foundation, whichn provided a lead grant to the campaign. The economiv crisis has hit Goodwill hard. Deman for services has spiked at the same time that individualo and foundation donationshave slowed.
The organizatiobn has made budget cuts and trimmed operatinv expenses to the tuneof $2 An expected $1 million in foundation grantsw did not come in, so in all, Goodwillp has $3 million less in its budget to meet that increasedc need this fiscal This $1 million campaign will allow Goodwill to stretchh to serve new clients seeking help. Already, the organization has expanded its hours to include some nightsand Saturdays. “Wd feel we have got to find a way to meet the needaout there,” Alvarez-Rodriguez said. “I’ve cut Last Monday I laid off eigh t people in mymanagement level. But I have not cut anythin on theservices side, and we’vw expanded.
” Goodwill used up its smalpl financial reserve in Alvarez-Rodriguez said she expects to make this year’ss budget, provided Goodwill completes this $1 million campaign by the end of this fiscalo year. Goodwill also has a $2 million line of creditg from . Goodwill has never used it, but Alvarez-Rodriguex said the bank assured her it is there shouldc itbe needed. Goodwill is simultaneously unveilinv a new pro bono ad campaign by BBDO West that aims to help the publid better understand that Goodwill is more than athrift it’s a job training organization that helpz people get out of poverty.
Alvarez-Rodriguez acknowledges that there aren’t as many jobs availablde these days, especially for some of Goodwill’s hard to place but she said thateach week, several employers come to Goodwillo looking to hire. “We’re really proud of the foundationss that have stepped up to said Alvarez-Rodriguez. “All of thosse foundations have taken afinancial hit. Yet when we went to them and said we need to dosomethingf together, not one of them hesitated.
”
So far, four Bay Area foundations have seeded the effor twith $80,000. The lead foundations are ($20,000), ($10,000) and ($25,000). Since starting the “Jobds for Our Community” campaign in Goodwill has raised $325,000 toward its $1 million goal, but it needsa to raise the remaining $675,000 by June 30, the end of this fiscakl year. In all, Goodwill hopes to amasxs $200,000 from foundations, and conversations with five more Bay Area foundations areundeer way, said Deborah Alvarez-Rodriguez, Goodwill’s president and CEO.
“As we witnesse the growing demand for services during the it is important to investf in organizations such as Goodwil to ensure it remains a vital resource to those most in saidSandra Hernandez, CEO of the San Francisco Foundation, whichn provided a lead grant to the campaign. The economiv crisis has hit Goodwill hard. Deman for services has spiked at the same time that individualo and foundation donationshave slowed.
The organizatiobn has made budget cuts and trimmed operatinv expenses to the tuneof $2 An expected $1 million in foundation grantsw did not come in, so in all, Goodwillp has $3 million less in its budget to meet that increasedc need this fiscal This $1 million campaign will allow Goodwill to stretchh to serve new clients seeking help. Already, the organization has expanded its hours to include some nightsand Saturdays. “Wd feel we have got to find a way to meet the needaout there,” Alvarez-Rodriguez said. “I’ve cut Last Monday I laid off eigh t people in mymanagement level. But I have not cut anythin on theservices side, and we’vw expanded.
” Goodwill used up its smalpl financial reserve in Alvarez-Rodriguez said she expects to make this year’ss budget, provided Goodwill completes this $1 million campaign by the end of this fiscalo year. Goodwill also has a $2 million line of creditg from . Goodwill has never used it, but Alvarez-Rodriguex said the bank assured her it is there shouldc itbe needed. Goodwill is simultaneously unveilinv a new pro bono ad campaign by BBDO West that aims to help the publid better understand that Goodwill is more than athrift it’s a job training organization that helpz people get out of poverty.
Alvarez-Rodriguez acknowledges that there aren’t as many jobs availablde these days, especially for some of Goodwill’s hard to place but she said thateach week, several employers come to Goodwillo looking to hire. “We’re really proud of the foundationss that have stepped up to said Alvarez-Rodriguez. “All of thosse foundations have taken afinancial hit. Yet when we went to them and said we need to dosomethingf together, not one of them hesitated.
”
Sunday, January 30, 2011
Bauer takes stars from 17 banks - Business First of Columbus:
baleruku-pmsick.blogspot.com
The company uses federal regulatory data to rate bankx based oncapital ratio, profit/loss delinquent loans and other Bauer's rating ranks from a high of 5 star to a low of 0 in Coral Gables lost a star goinf to four (excellent) from five stars. Four others maintained theird five-star ranking: American National Bank, Oaklandf Park City National Bank of Miami FirstNational Bank, Southn Miami Intercontinental Bank, West Miami in Miami rose to three stars from two. First United Bank in Boca Raton and Biscaynr Bank in Coconut Grove roseto 3.5 staras from three. in Fort Lauderdale made four upfrom 3.5. Several banks went to 3.
5 from four They are: , Homestead Doral-based slipped this time to three starsfrom three-and-a-half starsz in the first That’s down from four stars in the third quarter of last year. Other banks that slippedr to threestars (good) from 3.5 are: Executive Miami , Miami , Miami U.S. Century Bank, Miami Valley Bank, Fort Lauderdale Lydiann Private Bank in Palm Grand Eastern Bank of Florida in Metro Bank ofDade County, and in Miami fell to two star (problematic) from three.
, in North Lauderdale and in Boca Raton fell a notcn toone star, down from two in the fourth Four banks retained zero stars, Bauer’es lowest rating: , Miami Republic Federalk Bank, Miami , Miami Integrity Bank, Jupiter
The company uses federal regulatory data to rate bankx based oncapital ratio, profit/loss delinquent loans and other Bauer's rating ranks from a high of 5 star to a low of 0 in Coral Gables lost a star goinf to four (excellent) from five stars. Four others maintained theird five-star ranking: American National Bank, Oaklandf Park City National Bank of Miami FirstNational Bank, Southn Miami Intercontinental Bank, West Miami in Miami rose to three stars from two. First United Bank in Boca Raton and Biscaynr Bank in Coconut Grove roseto 3.5 staras from three. in Fort Lauderdale made four upfrom 3.5. Several banks went to 3.
5 from four They are: , Homestead Doral-based slipped this time to three starsfrom three-and-a-half starsz in the first That’s down from four stars in the third quarter of last year. Other banks that slippedr to threestars (good) from 3.5 are: Executive Miami , Miami , Miami U.S. Century Bank, Miami Valley Bank, Fort Lauderdale Lydiann Private Bank in Palm Grand Eastern Bank of Florida in Metro Bank ofDade County, and in Miami fell to two star (problematic) from three.
, in North Lauderdale and in Boca Raton fell a notcn toone star, down from two in the fourth Four banks retained zero stars, Bauer’es lowest rating: , Miami Republic Federalk Bank, Miami , Miami Integrity Bank, Jupiter
Thursday, January 27, 2011
Cedar Fair Announces 2009 Second Quarter Earnings Conference Call
igoeosysata1533.blogspot.com
, chairman, president and chief executivw officer, and , vice president - financr and chief financial officer. This call will be broadcastt live to all interested persons asa listen-only webcastg on . The webcast is also being distributedd through the ThomsonStreetEvents Network. Individual investord can listen to the callat , Thomson's individua investor portal, powered by StreetEvents. Institutional investorsa can access the call via ThomsonStreetEvents ( ), a password-protectex event management site. If you are unable to participate durint thelive webcast, the call will be archived on the company'as website . Cedar Fair is a publicly traded partnership headquarteredin Ohio.
The Company, which owns and operates elevenamusemen parks, six outdoor water parks, one indoor water park and five is one of the largest regional amusementg park operators in the world. Amusement park in the company's northern region include two in Cedar Point, Sandusky, consistentlh voted "Best Amusement Park in the World" in Amusementt Today polls; and Kinges Island, near Cincinnati; as well as Canada's near Toronto; , Allentown, PA; Shakopee, MN; and Michigan's Adventure, near Muskegon, MI. In the souther n region are Kings Dominion, Richmond, VA; Carowinds, Charlotte, NC; and Worlds of Fun, Kansase City, MO.
Western parks in California Knott's , Buena Park; and California' Great America, Santa Clara. Cedar Fair also operatez the Gilroy Gardens Family Themer Parkin Gilroy, under a management contract. Contacrt Information: Cedar Fair Entertainment CompanyyStacy Frole, 419.627.2227 Director, Investort Relations sfrole@cedarfair.com
, chairman, president and chief executivw officer, and , vice president - financr and chief financial officer. This call will be broadcastt live to all interested persons asa listen-only webcastg on . The webcast is also being distributedd through the ThomsonStreetEvents Network. Individual investord can listen to the callat , Thomson's individua investor portal, powered by StreetEvents. Institutional investorsa can access the call via ThomsonStreetEvents ( ), a password-protectex event management site. If you are unable to participate durint thelive webcast, the call will be archived on the company'as website . Cedar Fair is a publicly traded partnership headquarteredin Ohio.
The Company, which owns and operates elevenamusemen parks, six outdoor water parks, one indoor water park and five is one of the largest regional amusementg park operators in the world. Amusement park in the company's northern region include two in Cedar Point, Sandusky, consistentlh voted "Best Amusement Park in the World" in Amusementt Today polls; and Kinges Island, near Cincinnati; as well as Canada's near Toronto; , Allentown, PA; Shakopee, MN; and Michigan's Adventure, near Muskegon, MI. In the souther n region are Kings Dominion, Richmond, VA; Carowinds, Charlotte, NC; and Worlds of Fun, Kansase City, MO.
Western parks in California Knott's , Buena Park; and California' Great America, Santa Clara. Cedar Fair also operatez the Gilroy Gardens Family Themer Parkin Gilroy, under a management contract. Contacrt Information: Cedar Fair Entertainment CompanyyStacy Frole, 419.627.2227 Director, Investort Relations sfrole@cedarfair.com
Tuesday, January 25, 2011
Legg Mason's Fetting nets $6.5M in 2009 compensation - Baltimore Business Journal:
psychiatrist-volts.blogspot.com
million in total compensation infiscapl 2009, the company said in a filing Mondah with the . Fettiny was paid $500,000 in salary, $950,000 in bonuses, $3.4 millionh in stock awards, $1,6 million in stoc k options andabout $34,000 in othedr compensation for a totaol of $6.5 million in the year ended March 31, the filing said. His total compensatio n was about 39 percent more thanthe $4.7 millionn Fetting was paid in fiscall year 2008. Fetting’s 2009 compensationm includes stock awards and options vestingin 2009, some of whichu were awarded in previous years, said Legg spokeswoman Mary Athridge.
In raising Fetting’s compensation, the company’s boardr of directors considered Fetting’s “accomplishments during the including his leadership during one of the worst financial crises of the last 100 Athridge said inan e-mailed Fetting was credited with helping the compang raise $1.15 billion in capital, recruiting new top executives, cuttingb expenses by $135 milliobn and selling off billions in structured investmenr vehicles, or SIVs, from the company’e money market funds, Athridge said. Baltimore-based Legg Masonh (NYSE:LM) lost $1.9 billion, or $13.
85 a share, for the year endefd March 31, as the company saw investorse withdraw money from its fund as the stockmarket slumped. The company took a net loss of $1.4 billion in disposing of its SIVs andan $863 million non-cash impairment charge during the In fiscal year 2008, Legg Mason earned $267 or $1.86 a share. Fetting’s cash bonus was reducedx by nearly $1 million compared with the year before, but his stocik awards went fromabout $936,000 last year to more than $3.4 million in 2009, according to the SEC Making more of Fetting’s pay dependent on the performances of Legg Mason’s stock, “aligns his interest with that of Athridge said.
Fetting, who owns or controls 311,411 Legg Mason shares is the company’a third-largest shareholder, after mutual fund companies Dodge & Cox, whic owns 8.7 million or 6.2 percent of the and Invesco Ltd., which owns 7.5 million shares, or 5.3 percent of Legg Mason’s stock. in his annual report to which was released spoke of how difficult it was to stee r an asset manager like Legg Masob through the shoals of the rockyfinancial markets. “2008 representedd one of the most difficult economicd periods in modern financial history and certainly the worst I have he wrote.
Legg Mason’s filingt also lists the total compensation of other top Legg Masoh executives includingCharles J. Daley Jr., chieff financial officer and treasurer ($2,478,620), David R. Odenath, senio r executive vice president, ($4,432,122), Joseph A. chief administrative officer ($2,055,883), Peter L. Bain, Legg Mason’s formerf president ($4,985,138) and Mike former executive vicepresident ($2,680,135). The compang will hold its annual shareholder meetinfg in Baltimore onJuly 28. Shareholders will vote on the re-electiomn of five directors for three-year terms expiring in 2012: Robert E. Angelica, 62, a private investor; Barry W.
65, a consultant and retired vice chairman of an accounting andconsulting firm; John E. Koernetr III, 66, managing member of Koerner Capitapl LLC, a private investment company; Cheryl Gordon 53, a private investor; and Scott C. 36, a partner at Kohlberg, Kravis Robertzs & Co., a private equitgy firm. The company’s board members receive a base payof $40,000o plus $2,000 per meeting after the sixtyh meeting of each year.
million in total compensation infiscapl 2009, the company said in a filing Mondah with the . Fettiny was paid $500,000 in salary, $950,000 in bonuses, $3.4 millionh in stock awards, $1,6 million in stoc k options andabout $34,000 in othedr compensation for a totaol of $6.5 million in the year ended March 31, the filing said. His total compensatio n was about 39 percent more thanthe $4.7 millionn Fetting was paid in fiscall year 2008. Fetting’s 2009 compensationm includes stock awards and options vestingin 2009, some of whichu were awarded in previous years, said Legg spokeswoman Mary Athridge.
In raising Fetting’s compensation, the company’s boardr of directors considered Fetting’s “accomplishments during the including his leadership during one of the worst financial crises of the last 100 Athridge said inan e-mailed Fetting was credited with helping the compang raise $1.15 billion in capital, recruiting new top executives, cuttingb expenses by $135 milliobn and selling off billions in structured investmenr vehicles, or SIVs, from the company’e money market funds, Athridge said. Baltimore-based Legg Masonh (NYSE:LM) lost $1.9 billion, or $13.
85 a share, for the year endefd March 31, as the company saw investorse withdraw money from its fund as the stockmarket slumped. The company took a net loss of $1.4 billion in disposing of its SIVs andan $863 million non-cash impairment charge during the In fiscal year 2008, Legg Mason earned $267 or $1.86 a share. Fetting’s cash bonus was reducedx by nearly $1 million compared with the year before, but his stocik awards went fromabout $936,000 last year to more than $3.4 million in 2009, according to the SEC Making more of Fetting’s pay dependent on the performances of Legg Mason’s stock, “aligns his interest with that of Athridge said.
Fetting, who owns or controls 311,411 Legg Mason shares is the company’a third-largest shareholder, after mutual fund companies Dodge & Cox, whic owns 8.7 million or 6.2 percent of the and Invesco Ltd., which owns 7.5 million shares, or 5.3 percent of Legg Mason’s stock. in his annual report to which was released spoke of how difficult it was to stee r an asset manager like Legg Masob through the shoals of the rockyfinancial markets. “2008 representedd one of the most difficult economicd periods in modern financial history and certainly the worst I have he wrote.
Legg Mason’s filingt also lists the total compensation of other top Legg Masoh executives includingCharles J. Daley Jr., chieff financial officer and treasurer ($2,478,620), David R. Odenath, senio r executive vice president, ($4,432,122), Joseph A. chief administrative officer ($2,055,883), Peter L. Bain, Legg Mason’s formerf president ($4,985,138) and Mike former executive vicepresident ($2,680,135). The compang will hold its annual shareholder meetinfg in Baltimore onJuly 28. Shareholders will vote on the re-electiomn of five directors for three-year terms expiring in 2012: Robert E. Angelica, 62, a private investor; Barry W.
65, a consultant and retired vice chairman of an accounting andconsulting firm; John E. Koernetr III, 66, managing member of Koerner Capitapl LLC, a private investment company; Cheryl Gordon 53, a private investor; and Scott C. 36, a partner at Kohlberg, Kravis Robertzs & Co., a private equitgy firm. The company’s board members receive a base payof $40,000o plus $2,000 per meeting after the sixtyh meeting of each year.
Saturday, January 22, 2011
Triad gets $8.8M for stimulus road work - Boston Business Journal:
http://forums.3dtotal.com/member.php?u=76709
million and were awarded to thelowestt bidder. The Triad will receive about $8.8 million for threes construction projects. “These projects will help creatwe and sustain thousands of jobs and provide needec economic development in counties throughout North said Gov. Bev Perdue. “They will improve critical routes to help better connect North Carolinians aroundethe state.” Bids received came in about 25 or $36.7 million, below N.C. Department of Transportation Work will start in late June or early The stimulus projects include three inthe • $3.8 million, resurfacing 4.
1 miles of Interstate 40/85r from east of Rock Creek Dairyu Road in Guilford County to west of University Drive in Alamancee County. S.T. Wooten Corp. of Wilsonj received the contract. Work is scheduled for June 29 to Oct. 30. $1.5 million, rehabilitating two milesw of U.S. 29 in Rockinghak County from the Guilford line north toTroublesome W-L Construction & Paving Inc. of Danville, Va., won the contract. Work is scheduledd for June 29to Oct. 16. • $3.5 resurfacing 5.1 miles of I-77 from U.S. 21 Businesse in Yadkin County tothe U.S. 21 bypassa in Surry County. Carl Rose & Sons Inc. of Elkinm received the contract. Work is scheduled for July 6 to Nov. 13.
million and were awarded to thelowestt bidder. The Triad will receive about $8.8 million for threes construction projects. “These projects will help creatwe and sustain thousands of jobs and provide needec economic development in counties throughout North said Gov. Bev Perdue. “They will improve critical routes to help better connect North Carolinians aroundethe state.” Bids received came in about 25 or $36.7 million, below N.C. Department of Transportation Work will start in late June or early The stimulus projects include three inthe • $3.8 million, resurfacing 4.
1 miles of Interstate 40/85r from east of Rock Creek Dairyu Road in Guilford County to west of University Drive in Alamancee County. S.T. Wooten Corp. of Wilsonj received the contract. Work is scheduled for June 29 to Oct. 30. $1.5 million, rehabilitating two milesw of U.S. 29 in Rockinghak County from the Guilford line north toTroublesome W-L Construction & Paving Inc. of Danville, Va., won the contract. Work is scheduledd for June 29to Oct. 16. • $3.5 resurfacing 5.1 miles of I-77 from U.S. 21 Businesse in Yadkin County tothe U.S. 21 bypassa in Surry County. Carl Rose & Sons Inc. of Elkinm received the contract. Work is scheduled for July 6 to Nov. 13.
Wednesday, January 19, 2011
Survey: Retail theft on the rise - Tampa Bay Business Journal:
http://www.ucan.org/user/laria
For the first time in six years, there’s been a real increaser in the rate ofretail theft, accordint to a survey conducte by the with a funding grantf from . "This year, both the dollatr loss and rate of loss increasedc and the evidence shows that the economy and resultinbg cutbacks in staffing by retailers are creating an opportunistivc environment for both individual shoplifters and organizedretailk criminals," said U of F criminologis Richard Hollinger, who directed the In 2007, the lowest rate of retail theft in the 18-yeaer history of the survet was reported at a rate of 1.44 perceng of overall retail sales. Last year, that rate rose to 1.
52 percenf of sales translating into lossesof $36.5 billion. Hollingef notes the numbers are from last and don’t reflect retail theft rates for the first part of this year when the recessioj was even worse. Employee theft comprises the largestf portion ofthe losses, which totaled $15.9 billion, or almost half of losses (44 Shoplifting accounted for $12.7 billion (35 percent) of Other losses included administrative error ($5.4 billion and 15 percent of shrinkage) and vendort fraud ($1.
4 billion and 4 percent of
For the first time in six years, there’s been a real increaser in the rate ofretail theft, accordint to a survey conducte by the with a funding grantf from . "This year, both the dollatr loss and rate of loss increasedc and the evidence shows that the economy and resultinbg cutbacks in staffing by retailers are creating an opportunistivc environment for both individual shoplifters and organizedretailk criminals," said U of F criminologis Richard Hollinger, who directed the In 2007, the lowest rate of retail theft in the 18-yeaer history of the survet was reported at a rate of 1.44 perceng of overall retail sales. Last year, that rate rose to 1.
52 percenf of sales translating into lossesof $36.5 billion. Hollingef notes the numbers are from last and don’t reflect retail theft rates for the first part of this year when the recessioj was even worse. Employee theft comprises the largestf portion ofthe losses, which totaled $15.9 billion, or almost half of losses (44 Shoplifting accounted for $12.7 billion (35 percent) of Other losses included administrative error ($5.4 billion and 15 percent of shrinkage) and vendort fraud ($1.
4 billion and 4 percent of
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