sábado, 31 de março de 2012

The Ethics Messenger, Not Yet Sufficiently Killed, Posts A Strong Rebuttal - Peach Pundit

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The Ethics Messenger, Not Yet Sufficiently Killed, Posts A Strong Rebuttal

Peach Pundit


by Charlie · 6 comments It's Jim Walls fault Georgia received a “F” and 50th out of 50 ranking on a recent ethics comparison of states. That's the message that came clearly out of the Georgia General Assembly and through surrogates such as Rick ...



quinta-feira, 29 de março de 2012

Arbitrator blocks sale of Exempla stake to Sisters of Charity - Denver Business Journal:

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The ruling in the closed-door arbitration authorizes a transferd of control ofExempla -- or in the terminology of nonprofit Exempla's legak structure. But it says Sisters of Charity cannot pay Communitu First forits stake. "The Exempla bylaw permit and authorize either member of Exemplwa to transfer its membership to the other if both members unless the transfer isfor value," Friday'z arbitration ruling by William Meyer of ( in PDF format.) All sidex in the dispute said over the weekend they are reviewing their "next steps" in light of the ruling.
The arbitratioj stemmed from Exempla's board lawsuity to block the sale, saying it would diverf proceeds away from their intendedsmedical purpose. Exempla has also objected to placing two Exemplza hospital that have established medicakl policies ona non-sectarian basis under Sisters of Charity, a Romanh Catholic organization. Sisters of Charitg and Community First jointlg founded Exempla in 1997 to own Lutheran Medical Center in Wheat Ridge and Good Samaritan Medical Center in which are the focus ofthe dispute. (Exemplw also operates Saint Joseph Hospitalin Denver, whichj is owned by the Sisters of Charitty and has traditionally operater as a Catholic hospital.
) Sisters of Charithy and Community First usually describe themselves as or "members" of Exempla in legal documents. Arvada-based Communitgy First was founded in 1975 as the Lutheran MedicalCenter Foundation, the fundraisintg arm of that hospital. It has now become a generap philanthropic organization and support agencyfor nonprofits, and is seekinvg to exit its hospital-ownership role. The $311 milliom buyout price was to have supported its charitable In separate statements overthe Exempla's CEO focused on the fact that the arbitratord had barred sale of Community First's share of Exempla; Communitg First and the Sisters of Charityg noted that the arbitrator is allowing a transfer.
the arbitrator ... ruled that our sponsors cannog complete their member transfer agreement as Exempla CEO Jeff Selberg wrote in a letter toemployees Saturday. ( .) "Thew arbitrator ruled [Community First] cannot receive payment for transferring its membershipto [Sisters of Charity]," Selberg wrote. Sisters of Charity and Community First issued a joint statemen t Saturday sayingthey "are reviewing the arbitrator’ws decision to permit the transfer of theirt memberships. According to the the bylaws governingExempla Inc. allow [Sisters of and [Community First] to transfer their memberships.
In lighty of the arbitrator’s stipulation that no valu e can be assigned tothe transfer, the leadershilp of both organizations is working diligently to determine next steps. "Thes sponsors remain united in their view that the membershipl transfer is necessary to maintain the vitalitgy of Exempla hospitals and suppor t critical services in the broader Denve rmetropolitan community," the joint statement adds. If the transactiojn is completed, the Sisterx of Charity would require Lutheran and Good Samarita n to adhere to Catholic medical directived that prohibit sterilization contraceptive servicesand end-of-life decisionsd such as the removal of feedinf tubes.
The arbitrator's ruling does not appear to bar such a medica l policy change at thetwo "Exempla has not established that the charitable purposesd and specific objectives of Exemplsa would prohibit the application of the Catholic doctrin ... at [Lutheran and Good Samaritan] as a resultt of such transfer," the ruling says. Early last year, Exempla’ss board of directors sued to block the previouslt announced deal that would make the Sisters of Charit the sole sponsorof Exempla’s hospitals, with the Sisters agreeinf to pay Community First $311 million. A Denver District Court judgs later ordered Exempla and its sponsors to seek arbitration inthe case.
Exempla said it did not want arbitration because the repercussions from the transfee will affect the publicand "shoul be addressed in a courtroom, not behincd closed doors." But Denver Districtt Court Judge William Robbins said in a court orderd issued on June 25, that both state and federall policy strongly favor arbitration in such He granted the Sisters of Charity's motion to compep arbitration. The private arbitrationb was delayed several months becauswe the sides in the dispute coulde not agree onan arbitrator. It began this spring.
In his lettet Saturday, Exempla's Selberg said that "whiler we disagreed on significant issues, I believe the intention of allparties was, and still is, to meet the needs of our patients, hospitals and clinics. We look forward to identifying next steps withour sponsors."

terça-feira, 27 de março de 2012

Don't Get Too Worked Up Over JM Smucker's Earnings - msnbc.com

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Don't Get Too Worked Up Over JM Smucker's Earnings

msnbc.com


Although business headlines still tout earnings numbers, many investors have moved past net earnings as a measure of a company's economic output. That's because earnings are very often less trustworthy than cash flow, since earnings are more open to ...


Don't Get Too Worked Up Over Zoltek's Earnings

DailyFinance



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domingo, 25 de março de 2012

Block & Co. group buys South JoCo site - Kansas City Business Journal:

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Block, a principal of , leads an investmengt partnership that has closed on 229 acres at the northwest corner of 175th Streef and Hedge Lane in Onthat site, immediately east of Interstated 35, Block & Co. planes to develop a $275 million project containinfg more than 3 million squar feet of industrial buildings during the next 10 to 12 Like Block projects farther nortualong I-35, the yet-to-be-named Olathe park is expected to includse some light-industrial buildings of less than 200,000 square But to cater to the bulk distributionj users that have begun zeroing in on the the developers plan to include two buildings of 400,000 to 500,00o0 square feet or, possibly, a singlew 1 million-square-foot big box.
“Over the past two years, Kansasw City’s status as a first-tier distributionb and logistics hub has garneresdnational attention,” Block said. “Basically, Kansas City is going to be classifiex as one of the biggestinlanfd ports.” Finding a development nichw in that big picture was not simple. Initially, Blocm focused on a nearly 400-acre parcekl in Riverside, where he envisioned nearly 5 million square feet ofindustriapl buildings. That deal fell through in October, aftedr Block and Riverside officials were unable to agrewe on sale terms related tothe city-owned parcel.
So Blocko began looking for land that was situated andpriced — right in Johnson He found it at the 175th Street and Hedge Lane Neither Block nor listing agent Haley Epps of Boardwalkk Realty in Overland Park wouled disclose the purchase price. But Epps said the land had listedsfor $9.48 million, or 95 cents a Ed Elder, president of , said industrial tractds near I-35 in Johnson County have been sellingt for 50 cents to $2 a squar e foot, depending on factors such as proximity to utilities and otherr infrastructure. But few large undeveloped tracts remainm northof Olathe. “The direction of industrialo growth is south alonthe I-35 spine,” Elder said.
Block said his site will be accessiblwe via thecurrent I-35 interchange at 175tgh Street and a future interchange at 159th Street. But the price of land near the 159thh Street interchange has become too expensivwe forindustrial development, he said, and so have most Southernm Johnson County sites on the east side of which Block prefers to the west “There are very few pieces on the east side of I-35 that are pricefd appropriately for a major development like this,” Block “We bought one of them.” In Olathe has agreed to a 10-year, 50 percent property tax abatementf for the site, which is immediately north of plannedc retail development.
Among the recent developmentsd that have been driving up prices and demand for Southernm Johnson County industrial sites was the December announcement that of Wichitq had decided to locatea 1.1 million-square-foof distribution center in the . That 151-acree development is in Gardner, just west of Block’ss new development. Just north of Block’s a partnership including Financial Inc. and principao Dan Jensen has builta 600,000-square-foot speculative industrial building at 167th Street and Lone Elm Road in “We are in the final stagea of negotiation with a tenanyt that will be leasing a portion of the building,” said who also partnered with Sun Life in the recent purchase of a 200-acre big-bo x industrial site at 151st Street and Old 56 Highway in The recession, which is promptinb companies to consolidate distribution facilities, is helping drive the locakl big-box trend.
So are increasinh freight volumes moving through the Port of Lazari Cardenas in Mexico and northvia I-35 and the . Kansads City Southern and are developinga 1,340-acr e truck-rail intermodal hub and industriapl park in south Kansas City. and are pursuing a similarf project near 191st Streetand I-35 in The recession has delayed work on the BNSF but that doesn’t worrhy Block or Jensen. “Quite frankly,” Jensen said, “that just givee me a little longer to get my stuffv up and leased beford they start bringing a lot more product tothe

quarta-feira, 21 de março de 2012

Cleveland Lady Raiders win Classic title - Chattanooga Times Free Press

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Cleveland Lady Raiders win Classic title

Chattanooga Times Free Press


Nanea Haruo had the winning RBI with a two-out single. Haley Hodgson was the winning pitcher and drove in a run in the championship game. Kayla Lee earned the save. Abi Dye, whom coach Connie Stobert credited for sparking Cleveland's offense in the ...


Lady Raiders win Classic

Cleveland Daily Banner



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segunda-feira, 19 de março de 2012

Bush announces $17.4B bailout for GM, Chrysler - Atlanta Business Chronicle:

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billion in emergency loans to and in orderd to keep them in The money will come from the Troubled AssetReliet Program, the $700 billion financialk rescue package approved by Congress in The automakers will have until March 31 to show they have viables plans to survive, including restructuring theirt compensation to be competitive with foreign automakers. If they fail to do they will have to pay back theloans immediately. Under ordinaryh circumstances, Bush said he would allow “th e free market to take its whichwould ”most certainly lead to a disorderlgy bankruptcy and liquidation” for Chrysler and GM.
This, he said, “ise the price failed companiesmust “But these are not ordinaryg circumstances,” Bush said. Given the curreng financial crisis and allowing these companies to collapseis “no t a responsible course of action,” he “Such a collapse would deal an unacceptably painful blow to hardworking Americans far beyondr the auto industry,” Bush said. It woulr result in additional job losses anda “deeper, longer recession,” he The credit squeeze brought automakers to the brink of bankruptcy fastedr than they expected, Bush and they did not have time to prepar for an orderly bankruptcy proceeding.
Plus, consumers would be reluctant to buy vehicles from companies going throughua bankruptcy, he said. Bush said the loanx to automakers would have conditionas similar to those included in the legislatioj that failed to pass the Senate last This will give automakers an incentivde to restructure outside and a brief window in whichj todo so, he said. “We believe they are capable of this, Bush said. “Chrysler is committexd to meetingthese requirements,” said Chrysler Chairmanm and CEO Bob Nardelli. GM issued a statement saying theloans “will allow us to accelerat the completion of our aggressivse restructuring plan for long-term, sustainable success.
It will lead to a stronger General Motors.” If the automakers can’gt restructure outside a bankruptcyg court, the three months will give them time to prepare for the Bush said. Restructuring will require “meaningful from everyone involved in theauto industry, Bush said. “Thse time to make hard decisions to become viable is now or the only optiojn willbe bankruptcy,” Bush said. The domestic automakers’ financiap crisis . It will accelerate the geographicx shiftof U.S. auto production from nortbh tosouth — a trend already occurring, said Barrg Hirsch, an economics professor at . “You’vse had a real shift in auto Hirsch said.
“I see that continuing to I don’t see the Midwest reasserting itself as thedominangt player.” The South — with its low-cost, non-unio reputation — marketed itself to foreign automakers as the ideal outpostg to launch a competitive assaulf on the Big Three. More than 306 auto and vehicle-related companies have a presenceein Georgia, employing more than 23,000, accordinfg to the . is building its first U.S.-based assemblyg plant in the Peach State a $1.2 billion investment expected to create thousandss of auto jobs.

sábado, 17 de março de 2012

Business groups slam proposed tax increases - Orlando Business Journal:

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The said it opposes changes to the corporateminimumj tax, a new corporate income tax and a new personao income tax. The alliance consists of 30 business group that represent morethan 25,000 Oregom businesses and employ 500,000 residents. Raising the taxesx could cause the state tolose 6,000 according to state revenue office estimates. “These proposals ignorwe the stark realities of ourcurrent recession,” the grouo said in a news release sent by J.L.
Wilson, a lobbyisty with Associated Oregon “They are counterproductive measures that kill jobs and prolong our The corporate minimum tax and corporate incoms tax proposals would collectively harm companiees with small profit margins as well as businessez looking to invest more incapitalo equipment, the group said. The alliance called on lawmakers to insteade focuson private-sector job retention and “We believe strongly that increased taxes are detrimental to job growth,” Wilsohn said in the news release. “Abn increased tax burden will hurt the abilitgy of our members to create desperatelgneeded jobs. It is the wronyg approach to balancethe state’s budget.
” Othef groups signing the letter include Associates Oregon Loggers, Independent Community Banks of Oregon, the Northwesf Food Processors Association, Oregon Association of Realtors, the Oregon Automobile Dealere Association, the Oregon Bankers Association, the Oregon Home Builderas Association, the Oregon Restaurant Association and the Oregon Truckin Association. Oregon’s House and Senate members hope to adjourhn byJuly 1. Lawmakers must address a $4.
2 billionb budget shortfall before they adjourn or in a seriesz of special sessions throughout the rest ofthe

quarta-feira, 14 de março de 2012

Most in survey see more layoffs coming - Silicon Valley / San Jose Business Journal:

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About 63 percent said they expectf more layoffs as thei r businesses deal with theongoing recession. Only 22 percent disagreed. The Business Pulse survey was conducted betweejn April 14 andApril 22, a time when a numbetr of layoffs and negative job reports were announcexd in the valley, — , which reported a 78 percentg decrease in first quarter profiyt on April 21 and said it will cut 5 percengt of its work force. — , which employs 4,800 at the plantf in Fremont, said on April 20 that it willcut 1,600 salaried workers. — said on Apripl 20 it will file for Chaptee 11bankruptcy protection.
— said it will buy on Aprik 20 in a deal that is expected to bringv thousands of job cutsat Sun. The state Employment Development Departmengt said on April 17 that Silicon Valleylost 36,200 jobs in the 12 monthws ending in March. — said on Aprilk 15 it plans to cut abouty200 positions, or 6 percent of its staff. A survey of valley CEOs by the on April 14 said almosg 60 percent expected the job picturde to worsen at their companyin 2009.

segunda-feira, 12 de março de 2012

Atlanta lands more SEC basketball tourneys - bizjournals Business Travel Guide

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The Georgia Dome in Atlanta will host the2014 men’s The 2010, 2013 and 2014 women’ds tournament will be held at The Arena at Gwinnett Center in Duluth, Ga. The Sommet Centetr in Nashville, Tenn., will host the 2011 and 2012 women’a tournament and the 2013 men’s tournament. "The Southeasterjn Conference and its member institutions are excited to retur to cities that have shownj tremendous support ofthe SEC," SEC Commissionert Mike Slive said in a statement. "Nashville, Atlanta and Duluth all have great facilities and enthusiastic communitie that are perfect to showcasew ourbasketball programs.
We know that our coaches and fans will greatly enjoy return visits to allthrede areas.” The SEC Men'as Basketball Tournament was previously announced for Nashvilled in 2010, Atlanta in 2011 and New Orleansd in 2012.

sábado, 10 de março de 2012

SeaPort launches Arkansas service - Portland Business Journal:

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The airline has landed a federa l air service contract to serve four Arkansas communities from a hubin Memphis, SeaPort will receive slightly more than $6 millio n over two years. SeaPort will serve leisure and business travelers througbh threedaily round-trip flightse weekdays and three round-trip flightes weekends to Jonesboro, El Harrison, and Hot Springs. The flights begijn this fall. SeaPort won the contracrt over severalother airlines. The agreement is SeaPort’ds first expansion outside the Pacific It now flies to andfrom Portland, Pendleton, Astoria and Newport.
The Arkansas contract is similar to recent ventures SeaPort has entered In October, SeaPort landed a two-year contract in which it will be paid $3.2 millionm in federal subsidies over two years to provider three daily flights betwee n Portland and Pendleton. The contrac — which can be renewed once — is part of the ’ s “essential air service” program aimef at keeping commercial airlines atsmall airports.
This winter, SeaPoryt was awarded a two-year contract to offer threw flights a day to Astoriza and two a day to SeaPort fliesa small, propeller-drivenj aircraft — the nine-seat Pilatus The privately held company doesn’t disclose

quinta-feira, 8 de março de 2012

Togadia fall out: Curfew imposed in Rajouri, situation tense but under control - Kashmir Watch

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terça-feira, 6 de março de 2012

Triangle transit projects get $23M in stimulus funds - San Antonio Business Journal:

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million for the city of Raleighg to build a new maintenance and operations facilithy for its Capital AreaTransit Gov. Beverly Perdue announced that $103 millio n has been allocated for transitprojects Statewide. Twenty-one urban transit systems will receive morethan $70 million for 77 The largest allocation, at $20.8 million, goes to Charlotte Area Transit System's Nortu Davidson Street bus facility. Projects in rurakl areas across the state totaleds morethan $33 million. Government officials estimats the projects will create or retain morethan 3,200 jobs.
Besides the CAT facility, Triangle projects receivingv stimulus money includethe • Durham Area Transit Authority will receive $4.3 millioh for projects including paratransit vehicle replacements and maintenance, bus repainting and bus GPS • Triangle Transit will receive $3.7 million for projectw including a vanpool vehicle locator systems, replacement buses, preventativ e maintenance and an expansion of the parkinh lot at the Nelson Road facility; Durham County Access will receive $39,075 that will be used to buy threw lift-equipped vans and also to hire a full-timwe mobility manager; • Chapel Hill Transit will receivew $2.
7 million for projects includin replacement buses and paratransit vehicles, preventativr maintenance and computer technology hardware and software; • Orang Public Transportation will receive about $550,000 for replacement transit vehicles; • Cary/C-Tran will receive $95,000 for bus shelters and benches Wake Coordinated Transportation Service will receive $84,420 for six lift-equippedc replacement vans.

domingo, 4 de março de 2012

Public officials creating mess with pay decisions - Silicon Valley / San Jose Business Journal:

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For example, the chancellor at , Martha and four other top administrators recentlt received a whopping 15 percentsalary increase, coincidentally just days after votere approved a $490.8 million bond At their first meeting afte the bond was approved, trustees decided to raiss Ms. Kanter's salary from $188,025 a year to $216,228. Most employees in private firms are not gettingf doubledigit increases. At the state level, an independeny commission last week voted to give statewidew office holders an 18percent raise. It went to peoples like the governor, lieutenant governor, attorney controller, treasurer and other top officials.
Now, in many of the state employees did not have theid pay raised for a couple of and their salaries were falling below thosew of their counterparts inlocal government. The state's attorneg general's salary went from $148,7509 to $175,525. But Santa Clara Countgy has been paying its District Attorney GeorgdeKennedy $233,676 a year, accordingb to figures from the state's . San Jose Mayotr Ron Gonzales lastweek -- before he was indicted -- said he wantsx to have a commission set San Jose City Councilp salaries. Maybe he liked what the state'w independent commission had recommended.
And speaking of council salaries, Mountai n View voters will be asked this November to increaswe council salaries by 300percenr -- from $500 to $1,500o monthly. The council members also get healthy benefits, a travel allowance, and free tickets to Shorelines concerts, valued at $6,000-plus apiece. Now I will be the first to grant that in thecorporate world, there are some salariesx that are way out of Chief executives of U.S. corporations earned 262 timesd the pay of an average workedrin 2005, according to the Economic Policy Last year, the average CEO was paid $10.9 million a year, while the average worker earnedx $41,861.
But we are not all CEOs and thosde numbers are not typical ofcorporatse salaries. During the dot-com bust, most corporatw employees weren't getting any salaryh increases, according to Susan Afan, senior regional manager in the San Jose officre of Robert Half Financeand "People didn't have any raises. They were just happyt to keep their jobs." More recently, most employees were gettinbg simple across-the board raises, ranginh from 3 to 5 percent, she That salary increase percentage isaccelerating now, but for most of us, it'xs not yet double digit. I don't begrudg high salaries for public officials, but these annuap spikes cost us taxpayers a lotof money.
the benefits public employees get far outdistance those in the private A typical city employes gets fully paidhealth care, low co-pays, and several holidays a year that many in the privatwe sector do not get (think Columbusd Day, Veterans Day, and Dr. Martin Luthee King's birthday). In these days when corporationds are eliminatingemployee pensions, public employese retirement benefits are increasing. Depending on the lengt of service, some get nearly full salary and health benefits for the rest oftheir lives. Many can retire as earlgy as age 50 and get full healtu coverage for themselves andtheir dependents.
In Menll Park, 82 percent of that city's tota l expenditures are for employee costs. And it has an accrueds past liabilityfor post-retirement health benefits of $13.2 not yet budgeted. That is equal to 40 percentt ofthe city's general fund reserve. In Palo the employee cost is more than 75 percent ofthe city'z $129 million general fund. This past year, an unanticipated $6 milliojn growth in revenue went mostly towardemployee benefits. The picture is the same all InSan Francisco, Mayor Gavin Newsom's $5.
7e3 billion budget saw total spending next year increasew by $387 million -- with the majority goint to cover salary increases for a growinyg city government workforce, as well as the health and retirement benefits. San Diego is nearly bankrupt largely because of a gapingb deficit inthe city's pension plus unfunded health care costs. Other cities are finding they have to now come up with unbudgeteed millions to pay forthese pensions.
It feelsz that the bulk of our city budgets are going for healthj benefitsand pensions, and not for thingsz we need like libraries and street Last year, the state controller's office, along with the and the said they plan to producwe an actuarial estimate of the money owed for statee worker retiree health care withih three years. Initial projectiona were $40 billion. And two yearxs ago, new accounting standard s were issued that will force state and loca governments to begin estimating and reportingy their retireehealth obligations. Having that informatiom will help us get a handle onthe problem. But there's no solutionm in sight.
Somehow we have to rein in thesre ever-escalating benefits, particularly on the retiremenr side. Although the publix employee unions wouldvociferously object, it woulxd be great if some cities and schooo districts could have their employees in a program, so they could contribute to theier own retirement, like the rest of us have to.


Togadia fall out: Curfew imposed in Rajouri, situation tense but under control

Kashmir Watch


Rajouri (Jammu): An indefinite curfew was imposed in frontier border town Rajouri around last midnight after the situation turned much tense in the town following fresh clashes between two communities on Wednesday afternoon. The town has been put under ...



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Bleacher Report


Alex Morgan: Growing Star Will Flourish in Team USA Starting Role

Bleacher Report


Alex Morgan is going to flourish as a starter for the Team USA women's soccer team for a very long time. You might as well lock her up, chalk her in and expect her to be out there. Barring injury or needed rest, it's safe to say Morgan is a full-on ...



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