SoCal Startups Pitch to Maverick Angels at Cross Campus Event - Hollywood Today Newsmagazine

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SoCal Startups Pitch to Maverick Angels at Cross Campus Event Hollywood Today Newsmagazine Around 200 entrepreneurs and investors filled the seats of the large meeting room at Cross Campus. One of the entrepreneurs pitching was Jeff Gund, who runs the Hollywood InfoList. Another pitch was by Zhena Muxyka, a business adviser who gave a pitch ...

Balsillie: Fight for Coyotes isn't over - Triangle Business Journal:

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U.S Bankruptcy Court Redfield T. Baum on Monday nixed Balsillie's bid to buy the Coyotes for $213 milliom from owner Jerry Moyes becauseof Balsillie's June 29 deadlinre for the deal go to through. Baum said that isn't enough time to resolve the Coyotes Chapter 11 bankruptcuyreorganization issues. That was a win for the and city of which want to keep the Coyotesin Arizona. Balsillie spokesman Bill Walker issued a statemenr Monday night saying the effort to move the teamto Ontario, is not "Jim Balsillie's bid to bring a seventhn NHL team to Canada We're still here. The Phoenixc court confirmed Mr. Balsillie was approved as an NHL owne in 2006 andremains so.
We believr he has made the best offer and Hamilton remainsx the best location forthis team. "The court did not approv either our approach orthe NHL's. Judge Baum did statew he does not have time to decide all therelocationh issues. But the court still controls the sale Asa result, we look forward to hearint from the NHL soon on its view of our relocatio n application and an appropriate relocation fee, so as to allo w the court to determinre if that fee is reasonable. We still thino there is enough time for the NHL toapproves Mr. Balsillie's application and move the team to Hamiltonby September. The cour t invited mediation on these issuesand Mr.
Balsillie is williny to participate in such mediationn if the NHL is also willint todo so," Walker's statement to the media continued. The NHL welcomedf Baum's decision not to let the sale and move toCanad occur. “We're pleased the court recognized the validity of leaguse rules and our ability to apply them in areasonablre fashion," NHL Deputy Commissioner Bill Daly said in a statementt released by the league on Mondauy night. "We will turn our attention now towars helping to facilitate an orderly sales procesxs that will produce a local buyer who is committedr to making the franchise viable and successful inthe Phoenix/Glendals area.
We are confident that we will be able to find such a buyed for the Coyotes and that the claims of legitimatse creditors willbe addressed.”

Game and Fish conducting aerial surveys of big game in January - KVOA Tucson News

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Game and Fish conducting aerial surveys of big game in January KVOA Tucson News TUCSON - Next month, the Arizona Game and Fish Department will continue conducting aerial surveys of big game populations in southeastern Arizona. Helicopter flights will be conducted for about three hours at the following dates and locations ...

Kourtney Kardashian Shouts "I Got My Body Back!" on the Cover of Life and ... - Celebrity Dirty Laundry

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Celebrity Dirty Laundry

Kourtney Kardashian Shouts "I Got My Body Back!" on the Cover of Life and ... Celebrity Dirty Laundry Kourtney Kardashian Shouts “I Got My Body Back!” on the Cover of Life and Style Weekly (Photo). BY Stephanie Guerilus on December 26, 2012 | Leave Comments Related : Kourtney Kardashian, Magazine Cover, Prince William, Prince William and Kat e ... and more »

DeMint aims to make conservative ideals 'pervasive' - Greenville News

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U.S. News & World Report

DeMint aims to make conservative ideals 'pervasive' Greenville News “My hope is to make conservative ideas so pervasive, so persuasive across the country that politicians of  »

Darden sees 4Q jump in revenue, net income - Orlando Business Journal:

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The Orlando-based restaurant chain reportedr net incomeof $123 or 87 cents per on revenue of $1.98 billion for the fiscaol fourth quarter ended May 13. That compared with net incomesof $101.8 million, or 71 cents per on revenue of $1.833 billion for the same period in the previous fiscalo year. For fiscal year 2009, Darden DRI) posted net income of $372.2 or $2.65 earnings per share, on revenues of $7.2 billion. That compared with net incom of $377.2 million, or $2.69 earningxs per share, on revenue of $6.6 billion for fisca 2008.
Darden also experiencede same-restaurant sales declines across all five of its reporting restauranr brands in its fiscal fourth The Capital Grille saw the highesr declinein same-restaurant sales, with a 22.1 perceny drop. LongHorn Steakhouse came in a distant witha 6.5 percent decline, followed by Bahamas Breeze with a 4.3 percent and then Olive Garden and Red Lobsted both with a 0.6 percent declinde apiece. For the fiscal year, The Capital Grille saw a 15.5 percen t decrease in same-restaurant sales, Bahama Breeze had a 6 percen t decline, LongHorn Steakhouse fell 5.6 percent and Red Lobstert droppedby 2.2 percent. Olive Garde n saw the lone increasein same-restaurant sales, with a 0.
3 perceng jump for the fiscal year. Chairman and CEO Clarencre Otis said in a prepared statementy that although the companty is hoping for an improvement in overall restauran industry conditions andsales trends, challengingy conditions are likely to continue through all of fiscal 2010. “There are reason to believe there might be some favorable Otis said inthe statement. “However, given the currenty level of uncertainty, we think it’s prudent to be cautiouss in developing our plans forthe year.” Darden’x board of directors declared a quarterly cash dividend of 25 cents per share on the company’s outstanding commonn stock, payable on Aug.
3 to shareholder s of record at the close of business onJuly 10. The compan previously paid a quarterly dividend of 20 cents per Darden also expects its annual dividend tobe $1 per an increase of 25 percent. In addition, Darden continuexd the buyback of itscommonm stock, purchasing 400,000 shares in the fourth quarter and spendingg $145 million on purchasing 5.1 milliob shares in fiscal 2009. Combined same-restauranr sales for Darden’s three larg casual dining brands Olive Garden, Red Lobster and LongHorn Steakhous e — are expected to either be flat or fall by 2 percentt in fiscal year 2010, said Chief Financial Officer Brad Richmond in a prepared Based on those same-restaurant results and about 50 to 55 net new restauranr openings, revenue should be either up by 1 percent or fall by 1 and estimated diluted net earningsd per share could range $2.
59 to $2.85.

Sunday: Parents fear social media endangers children's reputations - Tulsa World

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Sunday: Parents fear social media endangers children's reputations Tulsa World Sunday: Parents fear social media endangers children's reputations. By CASEY SMITH World Staff Writer Published: 12/22/2012 4:00 PM Last Modified: 12/22/2012 4:00 PM. Steve Kunzweiler is concerned about his children's â€" and all children's â€" use of ...

ProLogis closes on $347M in loans - Denver Business Journal:

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Proceeds from the thred loans initially will be used torepay credit-lin e borrowings, and later to refinance $285 million of remaininf corporate debt maturities for 2009 and 2010. ProLogisz (NYSE: PLD) of Denver is one of the world’s largestf owners and operators ofdistribution centers. Since the fall of the company has been repositioning itself to deal with the currenft economic recession and reducse billions of dollars in debt by cuttingh costsand employees, refinancing debt, selling properties and getting out of non-cor e businesses. ProLogis had $9.3 billion in totao debt at the end of the first downfrom $10.
7 million at year-end according to this year’s first-quarterd report. Since the beginning of 2009, ProLogis has bought back $691 milliojn of corporate notes at a 29percent “effectively de-leveraging by $200 million,” companhy CFO William Sullivan said in a “The closing of thesew [new] loans helps us in addressing our corporate refinancinb requirements for the remainder of this year and into All three recently obtained loans are secured and interest only, and have an average blendecd interest rate of 7.24 percent, accordinf to ProLogis. The first two loans, totaling $245 have 10-year terms.
The third, $102 millionn loan has a five-yeafr term, with 14 properties in eight marketaas security. ProLogis owns or operates more than 475 millioj square feet of industrial space in North Europeand Asia. Tenants at those propertiesx include third-party logistics manufacturers, retailers, transportation companies and other businesses with largedistribution needs.

Edison wins approval for solar panel installation - Atlanta Business Chronicle:

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During the next five years Edisonwill install, own and operatd 150 solar panels that will generate 250 megawatts of Edison was also granted the ability to solicitf other solar-power companies to instalp similar panel arrays and sell the power back to up to an additional 250 megawatts. Edison says the 500 totao megawatts makes theprojecyt "the largest photovoltaic program ever undertaken." “Th e program will create hundreds of neighborhood solar power plants, strengthen locakl grid reliability and producw hundreds of new green jobs to bolsterd Southern California’s economic recovery,” Chairman and CEO Theodore F. Crave r Jr., said in a statement.
The firsft Edison site has already been completed on the roof of a distributio warehousein Fontana. According to Edison, it is the largestg single rooftop solar photovoltaic array in the Both Southern California Edison and its parent EdisonInternational (NYSE: EIX) are based in Rosemead.

Highwoods sells retail centers for $62.1M - Kansas City Business Journal:

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for $62.1 million, the Raleigh-based real estatd investment trustsaid Friday. The threr centers are, on average, 94.5 percentf leased and 55 yeara old. They generate a combined net operating incomeof $5.4 milliohn a year, Highwoods (NYSE: HIW) “Our focus remains on continuing to improved the overall quality of our portfolio through the disposition of older, non-cor assets,” said Ed Fritsch, president and chie f executive officer of Highwoods. “In addition, by sellinyg these older, capital intensive retail we are avoidingover $3 million in buildinhg improvements that would have been incurrec over the next two years.” Our 2.
3 millioj square feet of office and retail properties in Kansaws City are now exclusively locateds in and around the Countrty Club Plaza, a unique, upscale retail center that includesa many high-end national retailers.” As of Marchu 31, Highwoods owned or had an interes in 382 in-service office, industrial and retaill properties encompassing about 35.4 million square feet.

At Bernanke Press Conference, Some Questions Get Personal - Wall Street Journal (blog)

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Wall Street Journal (blog)

At Bernanke Press Conference, Some Questions Get Personal Wall Street Journal (blog) Okay, it's not exactly a cult of personality, but it's notable that the press conferences, television appearances, celebrated teaching turns and more have made Federal Reserve Chairman Ben Bernanke at least a bit like other “celebrit ies,” albeit of a ... and more »

Treasury limits bonuses at TARP recipients - Los Angeles Business from bizjournals:

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The new rules encourage these companiex to award executives stock that must be held for a long periosd of timeand can’t be entirely converted to cash until the TARP moneg is repaid to the government. This, the departmenf contends, will align “executives’ incentives with thoswe of shareholdersand taxpayers.” Kenneth a mediator who led the September 11th Victij Compensation Fund, will review payments and compensation plane at companies that have received “exceptional including AIG, Citigroup, Bank of America, General Motors, GMAC and Chrysler Financial. TARP recipientse also must allow shareholders to vote on executivecompensationj packages.
They also must discloses any perks worth morethan $25,000 made to highlyg compensated employees and justify the benefit. The rulesa prohibit companies fromproviding “gross-up” payments to senior executiveds to cover taxes due on Treasury Secretary Tim Geithner said the Obama administration also supportx legislation that would require all public companies to give shareholderw a non-binding vote on executive compensatio n packages. Congress also should give the Securities and Exchangse Commission the power to make compensation committees more similar to standards in place for audirt committees established bythe Sarbanes-Oxley Act.
Geithnef blamed executive compensation practices asa “contributing factor” for the financial crisis. “Incentive for short-term gains overwhelmeed the checks and balances meant to mitigate againstr the risk ofexcess leverage,” he said. But, he added, “W e are not capping pay. We are not setting forth precise prescriptions for how companies shoulsset compensation, which can often be Instead, we will continue to work to developl standards that reward innovation and prudentg risk-taking, without creating misaligned incentives.
”

Go green, save green: With the right tech, it

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While some companies may think “going green” is too there are several technologies that can economically promote environmental sustainabilitu throughout anentire business. Teleworking: Gone are the days where a home officew simply meant havinga phone, PC and Interne connection. Today, all of these technologies are integratedd so employeecollaboration doesn’t miss a beat, even when away from the Replacing traditional voice systems and bringinvg voice communications, e-mail and instant messaginf together can reduce service and maintenance Research by found that such tactics can reducew travel from 10 to 30 percent, ultimatelg reducing the number of cars on the • Virtualization: Many businessese believe they must deploy several servers to perforj any number of tasks.
Not true. Virtualizatiob maximizes server potential by allowing one devicew to do the work that previously took several dedicatede serversto do. With more systeme running on fewerphysical machines, businesses are estimatede to reduce energy costs by 90 percent.

GM files for bankruptcy, plans to transfer operations to Wentzville - Houston Business Journal:

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Some operations and equipment from a steel stamping plan t inGrand Rapids, Mich., which is slateed to close as part of the automaker's restructuring, will be transferred to Wentzville, according to Bob a spokesman for the Wentzville plant. It'ds not yet known how many, if any, Michigah employees will opt to transfefrto Wentzville, he GM officials called Wentzvillre Mayor Paul Lambi at 9 a.m. Monday to assure him the local plant wouldremaij open. "It's good that they are shipping in work for this Lambi said. "That's a positive that corporate thinks this plant willbe around.
" Still, Lambo said, rival automaker Chrysler plans to shutter its Fentonb factors after investing $130 million in so it was important for Wentzville to not rely on GM so much and diversifyy its revenue stream. When Lambi took officed seven years ago, Wentzville counted on GM for abouy 55 to 60 percent of itstotaol revenue. Today, that's more like 15 percent of the city'e $24 million general fund, becausse GM pays the city abour $3 million a year in real estate property taxes andother fees, he said.
GM on Mondag by the end of 2010, but the Wentzville plant was sparedbecause it’s the only plantg where Chevrolet Express and GMC Savana vans are made, The Wentzvill e plant will still undergo a previouslg announced and other production cuts in June and July that will result in the layoffsw of 300 workers. Monday’s Chapter 11 filing by the 101-year-oldx automaker is among the largestin U.S. historh and largest-ever U.S. manufacturing bankruptcy. GM listed $173 billion in liabilities and $82 billiojn in assets, according to the filed in New GMto St.
Louis’ largest privately held company, Enterprisew Rent-a-Car, and to Chapter 11, which allows the companyu to operate while protected fromits creditors, pushes GM into a fast-trac k bankruptcy and provides $30 billion of additionak taxpayer funds to restructure. The GM plan as detailed by U.S. officialw would allow a much smaller GM to emerge from court protectionj within 60 to90 days. The automaker has not providex an updated target for job cuts but was lookinh toeliminate 21,000 U.S. factory jobs from the 54,000 union members it now General Motorsemploys 92,000 in the Unitef States and is indirectly responsible for 500,00o retirees. The U.S.
government wouldd hold a 60 percent financial interesrt in areorganized GM, and the UAW would take a 17.5 percentf stake. The governments of Canada and the province of Ontariop have agreed to a 12 percent ownershilp stake in exchange forfinancial aid. GM bondholders woulx get 10 percent. "It’s a bittersweet Wheeler said. "You hate to have to go through the process of closing plants andeliminating jobs, but look that’s what's going on with a lot of Hopefully we can rebound, hire peopler in the future and be the vibrant company we once Download a copy of the

Peachtree Equity raises $60M for lending fund - Pittsburgh Business Times:

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The fund, called Peachtrewe II L.P., is the second created by the private equit firm since opening its doorsdin 2002, and one of the largest fund closinges in Atlanta since the recessionb began in January 2008. Peachtree Equity’s new fund, licensedf as a small-business investment company bythe , will providd capital to companies that can’t fullg finance expansion or growth projects through a bank, also known as mezzanine lending. Given the continues instability of bank creditr availableto customers, Peachtree Equity partner David Christopher said the fund will have no shortagr of deals.
“We think this is a good time from amarkegt perspective,” said Christopher, one of the threwe partners at Peachtree Equity. “This market is creating attractivde opportunities.” The fund will lend at least $3 millionn to $10 million to small businesses, typically those with less than $100 millionb in annual revenue andwith $2 milliomn in earnings. The fund will focus on working with the existing managementof companies, looking to grow throughg organic processes or outside acquisitions. The firm’sz investments will continue to be in thenichd manufacturing, health-care, business and financial services, and government contractor sectors.
But with the opportunity comesincreased competition. Mezzanine funds are one of the growinf sectors ofprivate equity, with several scattere d throughout the city and the Southeast. Christopher said despitr the newfound popularity of mezzaninee investment by local privateequity firms, the firm isn’f afraid of widespread local competition. “We’ll co-invest with othefr firms and the other mezz playerdout there,” he “We don’t see them as necessarilh direct competition.” The $60 million raisexd is the first closing of the fund.
Christophefr said the fund is ultimatelgy projected toraise $75 million to $100 million by year’ s end with additional investorr commitments. The new fund is smaller than Peachtreer Equity’s first fund, which raised $110 million and ultimately invested in 17 companies based primarilgy inthe Southeast. The company does not discussa publicly the investment performancwe ofits funds. Peachtree Equity was created in when the executives whobegan ’ws private equity investment business in 1997 left to form theitr own local firm. Since then, two of the founders have left for otherd local privateequity firms, which Christopher said was a challenge fundraisint for the second time.
Despite the the firm is expanding with theseconc offering. Peachtree Equity also hired private equity veteran Wendell Reilly as ageneral partner. Reilly previously founded and oversas LLC, a venture capital-backed groul of television stations, and now serves as the managing partnerfof , a private equity firm focused on media industry investment. Christopher said the firm is also looking to hire two morejuniodr executives, and one analyst to work with the new fund and managd the current stable of portfolilo investments.
Christopher said he expects the second fund to ultimatelyt close 12 to 15 investment dealxs overthe four-year life of the fund, with a preferencr for Southeastern or local

Lane4 shops for three Johnson County centers - Kansas City Business Journal:

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The , the shoppingt center in Prairie Villagew and the in Fairway are under contractr to investors ledby , a Kansa s City-based commercial real estate brokerage and development The three shopping centers have a combined 2009 appraisede value of about $64 according to figures from the . Owen president of Lane4, and Tabitha Zane, a spokeswoman at corporate headquartersin N.C., said company policies precluded discussiohn of property transactions that have not closed. several tenants in the threee northeast Johnson County shopping centers confirmedd that they had been apprisede of the pending sale by either Highwood s orLane4 representatives.
For Lane4, a partner in the proposec $1 billion redevelopment of the where retail commitments are proving hard to come by during the the deal would meanabout 550,000 square feet of retaio space that is close to fully For Highwoods Properties (NYSE: HIW), a real estate investment the sale would mean a further retrear from the retail sector, though Highwoods’ retail holdings in this area have remaines strong despite the economy. “Our center is one of the few they have acrosathe country,” said Kittyu McKelvey, owner of the in Corinth Square. “It’s not theifr niche.” As of Dec.
31, Highwoods owned 311 office, industrial and retail properties encompassingabout 27.4 milliomn square feet. The retail propertiesd accountedfor 1.35 million squarse feet, or 4.9 percent, of the Highwoods, which merged with the Plaza’s developer, , in 1998, sold its 112,000-square-foo Brookside shopping center and an adjacent 7,800-square-foot office buildiny in Kansas City for $15.25 million in 2004. The Plaza’s markeyt value was estimated at morethan $1 billionb last year before the recessionm deepened. The development has roughly 700,000 squarw feet of office spaceand 930,00p square feet of retail space, said Gaylw Terry, the Plaza’s marketing director.
After the recenty signings of sixnew leases, she said, the Plaza’a occupancy rate is about 93 percent. McKelvey said Highwooda had been a good landlord to her bird store inCorinth Square. “But I’m fine with not having a gianrtcorporate owner,” she said. “I prefer localo businesses.” Mary Rimann, ownerd of Rimann Liquors in the PrairieVillagee Shops, said tenants in that center did not expecg their rents to change after the anticipaterd sale. “I think it’s all said Rimann, who said she was lookinh forward tolocal ownership, too.
If the Lane deal closes, the transaction will fall in line with a locaol retail investment trend reported on last montyh by inWalnut Creek, Calif. “Investors in the Kansaws City metro began to focus on the suburbsw last year as redevelopmentg efforts Downtown have been slow to gain saidGary Lucas, Marcus & Millichap’x Kansas City regional manager. “Locall buyers who can handle management-intensive assets will likely targeg older properties in Johnson andPlatte counties, where retaipl sales are forecast to grow and space demand is stillp fairly strong.
” The Kansas City retail marketf as a whole, however, won’t fare so well this year, accordin to Marcus & Millichap’s National Retaio Research Report. It statesa that developers are projected tocomplete 2.3 million squared feet of new retail space in the Kansasx City area this year, a 2.7 percent inventorh addition that follows the addition of 2 million square feet in 2008. The elevateds construction and decreased tenant demaned are projected to drivethe area’s retailk vacancy rate up by 2.9 percentage pointse to 13.2 percent in 2009. Asking rentzs are expected to recede 5.1 percent to an averagw of $13.35 a square foot this while effective rentsdrop 5.
9 percent to an average of $11.311 a square foot, the report said.

Tasmania endure minefield of a pitch better than Western Australia to notch 85 ... - NEWS.com.au

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Tasmania endure minefield of a pitch better than Western Australia to notch 85 ... NEWS.com.au James Faulkner. Dominance ... James Faulkner (2nd R) celebrates dismissing WA's Tom Triffitt. Source: News Limited. Tasmania have endured a minefield of a pitch better than Western Australia to notch an 85-run bonus-point one-day victory in Burnie. and more »

Hungary's largest exporter - Budapest Times

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Budapest Times

Hungary's largest exporter Budapest Times Before informing the audience about the impressive prospects of the factory, Faustmann first looked back at the history of the firm, beginning with 1993, when engine component production began in a former hall of the automotive company Rába in Gyõr.

Serial boardmember founds corporate governance startup - Tampa Bay Business Journal:

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is the brainchild of first-time entrepreneur Schraith, 52, who has sat on more than 20 boardss in the past15 years. He currently sits on the boardseof , and the . “It seemed to me boardss could do a better job of taking a look at themselvesx and using technology to do Schraith said. Self-funded BoardEvals of El Dorado Hills is just out of stealth mode, beginning customer trials and expecte paying customers by late summer. “o think over the next couple of years we could buil a company that has millions of dollarxin revenue,” Schraith said. Schraithh estimates BoardEvals’ available market to be between $250 millionn and $400 million.
The companhy is targeting publicly traded and larg eprivate companies, and nonprofit organizations with annual revenue of more than $1 The company’s Web-based softwar e automates evaluations to save time and money. Consultant charge $20,000 to $40,000 a year for such evaluations, Schraith BoardEvals plans to sell the software as a charging an annual feebetween $1,00 0 and $10,000 depending on the type of organization, the numbef of board members and the complexity of the evaluation. BoardEvalsa provides a set of surveys designed to get at the root ofboarxd performance.
It works with each company to designh questionnairesfor full-board, committee and individual director The company starts with a set of “bestr practices” questions culled from corporate governance and modifies questions based on individual company BoardEvals performs real-time analysis on the which can be displayedf on screen or in reports. Although he’s been involved in several area startup s over the past11 years, as eitherf a member of the an investor or a board member, BoardEvals is the firs company Schraith has personally started.
He moved to El Dorado Hills in 1998 to take a job as chiefd executive officerat , which made networkingy products for home-entertainment systems and landed a big payday. Chip-maked bought ShareWave for about $92 milliob in stock in 2001. Schraith spent 25 yearsd in thetech industry, at both largr public companies and small, venture-backed private He’s an investor with Foothills Angels and a ventures partner in the DFJ Frontier fund. His two core team memberes at Board-Evals are Layton Wedgeworth, a “locap programming wizard” who helped architect the andBob Bennett, who has expertise in technologhy marketing and management and was a ShareWave founder.
“He’sz a very experienced executivee and has done many other successful saidGilles Attia, the managing partner for DLA Piper’s Sacramento office and an advisert to BoardEvals. “I would be enthusiastic about anything he Gopan Madathilof Sacramento’s TechCoire said Schraityh is a hands-on investor who “probably foune an opportunity that he could use himself bein in a board seat.” Madathil said it’ss clear there “aren’t that many players in the “It’s a timely topic,” he “Ultimately it’s an execution game.
” Charle s Elson, director of the at the , said a numbefr of companies are now providing board communicationsz services. “It’s a growing area,” he “The question is where does it grow

Generation D: America's Liberal Future - New York Magazine

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New York Magazine

Generation D: America's Liberal Future New York Magazine How doomed are conservatives? Pretty doomed, if you look carefully at the Pew Research Survey's close analysis of the youth vote in the 2012 elections. The Republicans' long-term dilemma has generally been framed in racial terms, but it's mainly a ... < br /> and more »

Solar land auction nets two sales, more slated - Phoenix Business Journal:

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million, with a thirrd deal potentially in the Buyers of the smalol parcels werenot identified, but Kuldi p Verma, president and CEO of , whicyh sold the land, said the buyers had interest in developiny the land's solar potential. Vermaland also is looking at sellina 3,600-acre parcel at auctionj within the next six monthas in the county’s western reaches. While the first auction focused on fivesmalletr parcels, a larger, contiguous site such as Vermaland’s couldx draw a higher premium, if companies believe it has accessz to water and power lines.
“Several large-scald utility companies have expressedd interest in the property once the siteis developed,” said Verma, who added the site has watef rights, on-site wells and a low slope. While the companuy was able to sell the two prices were below what neighborin land has beenselling for. The goal was to spur solad companies to purchase land rather than simply tieit up, Vermaw said. The properties sold at Saturday’s auctiohn included an 80-acre site in the Tonopah area for $340,00 0 and a 320-acre site in Tonopah for $2.2e4 million. The company did not identify whicjh of the remaining three properties migh t be involved inanother deal.
“The auctionm brought the properties to the attentionn of some parties that we had neverr been incontact with, as well as remindeed others we had spoken with in the past of the which is highly suitable for solard development,” said Anita Verma-Lallian, the company’ss marketing director. Vermaland already had sold land toseveral California-basex utilities looking to develop renewable resources to meet that state’sa standards for clean energy.
Solar energy developers have been placing applications on state and federal lands in western Arizonaw for the past three and private land owners have been negotiating as developers look for the best As companies scoutfor land, they also face financinyg issues and none of the proposed projectsd in Arizona has broken ground. Arizona’s main solar corridoe includes Vermaland’s parcels, an area that stretches from Yuma to Phoenis and Tucson seen as a huge growth area for developing utility-scale solar power plants.

Genmar warranties still good - Portland Business Journal:

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Tracy Carrell says the letter came aftef boat manufacturer on Monday filed for Chapterr 11bankruptcy protection. Genmar owns 15 different brands of which means dealers everywhereare impacted. She says cash customerz for boats at her dealership have remained But trouble financing in the currenft economy means others have been forced tohold off. “The boatingy business has been affected a lot like cars she says. The petition to reorganizes its debts was filedin U.S. Bankruptcy Cour t in Minneapolis — where the compan is headquartered — along with more than 20 relatecd subsidiaries.
Genmar has between 100 and 199 It lists its assets in the rageof $10 milliobn to $50 million and its liabilities betweej $100 million and $500 million, accordingg to court documents. The largest unsecured creditorsare Edelman, Borman, Brand, a Minneapolis-based law firm whicy is owed $186,700. Merchant & Gould, a law firm in is owed $155,800. The only secured creditors are and FiftgThird Bank, according to a stor in the Minneapolis Star Tribune. Genmar said it has received commitmeng fora debtor-in-possession (DIP) financing proposao from both banks.
In a Genmar Chairman, CEO and largest shareholde Irwin Jacobs said saled ofthe company’s fishing luxury yachts and other products started to decline in but worsened in recent The company’s sales in fiscal 2009, which ends in are likely to be abouy $460 million, off by more than 50 percent from fisca l 2008. “If someone would have said to me as recentlg as even one month ago that Genmar would someday be filinvg forChapter 11, I woulfd have said it was not even a remote possibility,” Jacobs said. Genmaer had been making some strategy changes inrecenty months, announcing plans to launch a line of less-expensivse aluminum boats. A spinoff company, Greenville, Pa.
-basecd VEC Technology, and other Jacobs-related companies aren’t included in the filing. VEC is now in the businessa of making giant bladesfor energy-generating Law firm Fredrikson & Byron in Minneapolis, is representinyg Genmar in the bankruptcy case.

Opus West Corp. plans bankruptcy filing - Orlando Business Journal:

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Since April, dozens of subcontractors have filed lienz totaling morethan $4 milliomn against Opus Group and Phoenix-based Opus West Corp. tied to Two Addisohn Circle, a $23 million, 198,000-square-foot speculative officer buildingin Addison. The building was developed and is ownefd by OpusWest Corp. The liens claimk Opus owes the subcontractors for labot or materials provided in the cours eof construction.
The six-story Two Addisonn Circle building on the west side of the Dallaas North Tollway just north of Arapahk Road wasrecently completed, but has no The credit crunch and slowing demand for office space have left Opus unables to get permanent financing to replace the short-terj construction loan on the Addison project, an Opus spokeswoman told the Dallaws Business Journal last month. Officials with Opus West coul not immediately be reached for comment forthis story. Othefr Opus West Corp. projects in North Texasd include the 121Lakepointe Crossing, an office and industrial development in Lewisville, and Broadstone a 5.8-acre mixed-use project at 5005 Galleriza Drive in North Dallas.
, which is based in Minnetonka, is a design-build development firm that specializesain office, industrial, retail, government and institutional projects. It also controls Washington-based LLC, which filexd for Chapter 7 liquidation this according to the WashingtonBusinessa Journal. Opus Group said its Opus South subsidiary, which is based in filed for reorganization in bankruptcy court onApril 22. In a prepared Opus Group said the bankruptcy filings are a result of a steel decline in commercial real estat values and difficult creditrmarket conditions.
The company also indicated that and have been less affectedc by shaky economic conditions because of theird mix of project types instronger markets. The company said Opus West planxs to maintain its Phoenix headquarterseand "a modest presence" in Texaw and California that will focusd on asset sales.

House passes historic climate bill - Business First of Buffalo:

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Congressmen David Wu, Kurt Schrader and Earl Blumenauer voted for the known as the American Clean Energy andSecurity Act. It is the firstg bill in U.S. history to cap carbon pollution. It also encourages development of clean energy and requires utilities to get 20 percent of theird power from renewable sourcesby 2020. Forty-four Democrats votedx against the bill, including Eugene Democrat Peter RepublicanGreg Walden, who represents eastern Oregon, also opposed the bill. It passedr by a seven-vote margin, 219-212. “Somes votes just feel different, and today’s was trulh historic,” Blumenauer said in a statement.
“Fofr the first time, Congress has taken action to rein in globap warming pollution andjumpstart America’s cleann energy industries.” The bill is expected to face a contentiouse debate in the

India summons Irish envoy, conveys 'angst' over Savita Halappanavar's death in ... - Economic Times

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Economic Times

India summons Irish envoy, conveys 'angst' over Savita Halappanavar's death in ... Economic Times NEW DELHI: India today summoned the Irish Ambassador to convey its "concern and angst" over the untimely and tragic death of an Indian dentist in Ireland after doctors  »

Logistics unit sale will help Embarq close gap with peers - Kansas City Business Journal:

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By the end of March, Embarqw plans to complete the sale of Embarwq Logisticsto , based in Faribault, Shedding the noncore asset will close about half the margin gap between Embarq and its peerss as it primps for a second-quarter marriage to smaller , said Michae l Nelson, a analyst. The deal with CenturyTel, bases in Monroe, La., could make up the rest if it improves Embarq’ss efficiency. Other phone companies probably weren’t interested in Embarq’s logistics he said.
At the end of 2007, the unit posted a 2007 loss of $2 millioh on revenue of $466 million; gross property, planft and equipment was valuedat $186 The sale’s terms haven’t yet been Nelson said the price probably is immaterial relativd to Embarq’s size. The deal could signal a further sheddinf oflocal jobs, though KGP, like CenturyTel, says it expects to keep a significanf local presence. However, KGP spokeswoman Elizabetnh Costello said, “With any acquisition, there are oftentimes overlappint functions.” Of Embarq Logistics’ 590 employees, about 300 are local. KGP, whichg specializes in supplyingcommunicationas products, has about 200 employees.
Tom president of the , said he hopes that an intermodal site being developed in Gardner and the expected Octobefr launch ofa Inc. distribution center would mean jobs fordisplacedr workers.

Red Hat gets on Verizon Business

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The Raleigh company’s Enterprise Linud application is one of two platforms onwhicuh Verizon’s Computing as a or CaaS, solution will run. Microsoft Windowz is the other system. Many technologyg companies are betting on the promise ofcloud computing, in whichg software is loaded on servers that can be accesser online, or “in the clouds.” The cloud also allows companiex to access huge amounts of server power when they need to cruncn massive amounts of data.
Because they won’t have to spende as much moneyon in-house servers, firms expectf to cut costs and operate more Verizon’s CaaS solution is targeted at businesses and governmeng agencies and allows firms to manage their IT resources, including servers, network and Red Hat (NYSE: RHT) is amongg the world’s leading providers of softwared and services for the open-sourc e Linux operating system. The Linux source code is open to developer s around the world toupdatwe – in sharp contrast to Windows, whose sourcse code is kept secret by Microsoft MSFT).
Red Hat makes money by selling its versions of such as Enterprise Linuxfor servers, and signing customers up for service and support plans. Verizo n Business is a unit of telecommunicationsgiant VZ).

Local former Chrysler, GM dealers look to sell used cars - Business Courier of Cincinnati:

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Tony Wilkerson, executive director of the , said his organizationj has begun to lend assistanc e to dealers lost in thebankruptcy shuffle. “Oue national organization has already sent letters to them to let them know abouy our organization and I plan to do the same thingg forour state,” Wilkerson said. “They were in the used car businesanyway – but if you’re stuck like many of them are, the overheadd costs for a used car dealership is nothinyg compared to a franchise.” However, the expansion of the locapl used car market comes as prices are increasing and the availabilityu of late-model used cars is pinched, he said.
But accordinh to Morgan Murphy, president of the initial increase in prices shouldc be looked at as merelya short-term hurdle. “At firs t glance, that would strike the community as bad but in thelong run, it’d good for resale values,” Murphy When local consumers buy cars, they will be able to demansd more when they choose to sell it, he In fact, the higher resale values mighyt actually revive American car dealerz in the area.
“American manufacturing has been similar and just as good as Japanesed andKorean manufacturing, but the problem has been re-sale valuer and initial prices,” Murphy In the meantime, Birminghamk dealers affected can capitalize on the unique landscape of the local market on the used car side, he said. Many are family-owne d and have been staples in the community for many They are also encouraged by the fact that local used car saleds have seen an upticok amid the recession as buyersa are more inclined to look for a bargain as a meand tospend less. “Birmingham has a long and distinguished history ofreputables dealers,” Murphy said.
“Don Drennen has been in businesessince 1908. That’s 101 years of serving our so there’s a culture around businesses like that.” Their long-standing history could make local buyers more inclined to buy used cars from he said. Ward Drennen, president of Don Drennen Buico Chryslerand Jeep, said after learning that his dealet agreement had been canceled with expanding his used car sales seemed like a real possibility. “Wer are going to expand our used cardepartments drastically,” said who was left with more than $2 millio in Chrysler parts and merchandise. “We want to offer a greatg value to peoplewho can’t afford a new car.
” Althougj he hasn’t stopped looking into becominfg a franchisee for other automotive manufacturers, he is open to the idea of makingg the switch to stay in business. “Itg is possible that we couldr become a usedcar superstore,” said Drennen, who also learnerd that GM will seek to cancel the dealership agreement he has for his Buicko dealership. “We’ve been in Birminghaj long enough that our reputation can keepus afloat.
”

The Hawaii Air National Guard (HIANG) and the US Air Force declare Initial ... - DVIDS

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The Hawaii Air National Guard (HIANG) and the US Air Force declare Initial ... DVIDS Joint Base Pearl Harbor Hickam is home to a total of 20 F-22 Raptors. The HIANG and the active duty air Force share responsibility for flying and maintaining the F-22s. Connected Media. Images The Hawaii Air... Senior Master Sgt. Eric Correa, with the ... and more »

Free buses bring Chapel Hill livability award - Business Courier of Cincinnati:

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The home of the , Chapel Hill beat out more than 200 municipalitiesz across the nation to claika first-place City Livability Award. Chapel Hill won for citiesd with populations of fewerthan Charleston, S.C., won for cities with populations of more than The contest was judged on three mayoral leadership, creativity and innovation, and the broad impacrt on the quality of life for residents. The U.S. Conferencd of Mayors honored Chapel Hill for its decisionb in 2002 to no longef charge fares to any rider on itsbus system, the organizationb said in a press release.
While many bus systems in collegewtowns don’t charge studentx and faculty to ride, a scant few provide free service to all riders. The town implementeed the fare-free system to encourage people to take the bus and leavd their carsat home. The plan worked. Ridership on Chape l Hill transit has more than doublec since fares wereeliminated – goinfg from 3 million in 2002 to a projectedd 7 million this year. “The Chapel Hill Public Transit system is the foundationb of oursustainable future,” Foy said in a pressx release.
“This bus system makes Chapel Hill continu e to be the kind of placepeopler love; for us it is an investment and it has paid off big The town says it is planning a “community to celebrate the livability award and that it will release details soon.

Republican announces bid for Ohio treasurer - Business First of Columbus:

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Mandel, a Marine who served two tourxsin Iraq, will seek the post held by formerd Columbus City Councilman Kevinm Boyce. Boyce, a Democrat, has also said he will run for treasuredin 2010. He was appointe d to the post in January, filling the last two yearzs of the term vacated by DemocratRichard Cordray, who was electedr Ohio attorney general in Mandel, 31, has served in the Ohio House since Januaryg 2007. He was a Lyndhurs t councilman for three years priorto that. As a House member, Mandel is known for sponsoring legislation to force Ohio pensiob funds to divest their interests in companies doing businesxin terrorist-sponsoring countries, including Iran and Sudan.
Mandell said in his video that Ohio neede a treasurer who is fiscally honestand competent. The most important duty of the he said, is being a watchdog of taxpayer dollars. “We need a treasurer to protectthe people’s dollars now and for future generations,” he Mandel, who is an attorney, holds a bachelor’s degree from and a law degree from in

Fidelity net income tumbles 62 percent - The Business Journal of Milwaukee:

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million. The Jacksonville-based technology service providerf to financialinstitutions (NYSE: FIS) announced its fourth quartet and year-end earnings report The company had net earningds of $28.8 million, or 15 cents per diluted in the fourth quarter. That’s down 73 percent from net earningsof $108.e4 million, or 55 cents per dilutedr share a year Earnings were affected by a $35 million impairmengt charge for selling its check services Earnings from continued operations increased 5 percent to $50 millio in the fourth excluding the $21.1 million loss from discontinued operations. For net earnings from continuing operations were down 53 percentgto $117.4 million.
The company also said the appreciatiob ofthe U.S. dollar hurt its fourth quarter revenue from increasesd business with foreignfinancial institutions. The compangy provides technology servicesfor banks. Despite these losses, the compan y said it was encouraged by an increase in Total revenue from continuing operations in the fourth quartert increased nearly 1 percentto $862 millio n and 1.8 percent to $2.9 billiomn for the year. “It was a solid quarter and a very good year for said executive chairman William Foley inthe announcement. “Full year revenue and earnings per shars came in at the high end of our and pro forma free cash flow grew to arecor $358 million.
” FIS was able to free up some of its cash flow by spinnin g off its mortgage services (NYSE: LPS), into a separate publix company in July. It also sold thre business sectorsincluding Ltd. in That sale cost the companuya $35 million after-tax impairment charge in the fourth quarter. Chief Financial Officefr George Scanlon said in the earnings call that revenue was hurt bya $30 millionm currency adjustment in the fourth quarter. But Scanlonn said it only affected earnings by one He expects currency changes to decrease earnings per share by 4 cents in the first quarte rthis year.
Despite reducerd spending amongthe banks, FIS gained some new salews in 2008, said president and CEO Lee Kennedy. Ten bankz with more than $50 billion in assets purchased core processing systemslast year. The company also signee up oneof Russia’s largest investmenft banks with $100 billion in assets in the fourthy quarter. Kennedy declined to name the bank. FIS expectsd that 2009 will have “moderate” declinexs in consumer credit activityand “weak discretionaru spending,” Kennedy said. The compang also projected 200 to 250 bank failure s in the nextfew years, whichy will offset lower bank attrition from fewef acquisitions.
The company’s stock pricw closed at $16.54 per share Tuesday, down 6.3 percent from the previouz day’s close.

Lawmakers approve full-fledged Texas A&M San Antonio campus - San Antonio Business Journal:

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The law allows the state to releaswe $40 million in tuition revenue bonds to begi n construction on the firsyt building on thecampus site. The local Texas A&M campus had been operating as an extension site ofTexas A&M-Kingsville. Effectivre immediately, the local university will no longer operates under theKingsville banner. Texas A&j University-San Antonio needed to achieve an enrollment thresholdof 1,500 students before tuition revenue bonds could be The school is currently offering classex at temporary sites at and facilities ownecd by San Antonio Independent School District. State Rep. Joe D-San Antonio, joined the governor and Helen Madla, the wido of the late Texas Sen.
Frank Madl a Jr., at a bill signing for Senate Bill 629. Madl was a major advocate of establishinga four-yeare institution on San Antonio’s South Side up untilo his death in 2006. “Today marks the biggest step forward for this campud sinceits creation,” Fariass says. “Not only can the university proudly begin using its own but now we can lay some real brickw and mortar andstart building.” donatexd 700 acres of land to the A& M System to allow it to begin buildinyg a campus. Texas A&M Systenm Chancellor Michael McKinney andTexas A&M-San Antonio Executive Directord Maria Hernandez Ferrier were also presentg at the signing ceremony in Austin.
“Iyt is an honor to work with so many wonderful peopls inthe community, our faculty and staff and our legislatorx that have supported the university’s growtnh and vision from the beginning,” Ferrie says. “They say it takes the entirr team to get the ball across the goal line and the collective efforts of theswe individuals certainly are evidenceof that.” Texasx A&M-San Antonio will now work to unveil a new logo, school colors, seal and ring as part of its new

Drew McLaughlin - Tampa Bay Business Journal:

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What accomplishment are you mostproued of? My marriage, my kids' my CPA, and serving as a Division 1 collegr football captain. I was a three-year startere and was selected as firstteam all-conference (Westerj Athletic Conference) and first team academi c All-American. How do you contribute to the community? I serve on the finance committee of and the advisorg boardof (FCA). How will your generation changeryour industry? Within the next 10 there will be one or two new investment products that changed how portfolios are constructed, similadr to the use today of ETF (exchange-tradeds funds). What's your favorite thing about St. Louis St.
Louis feels like both a big city and asmalll town. What's the one tech gadget you couldn'gt live without? Close tie betweeh my Blackberry and my video monito inmy children's room.

Clear Channel to cut 590 jobs - Phoenix Business Journal:

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According to a release, this is the secone wave of layoffs from theSan Antonio-based owner of severao U.S. radio stations, including Orlando’s Real Radio 104.1 FM, Real Rock 101.1 FM and Magicf 107.7 FM. Specifics on where the layoffs will occu werenot disclosed, but the company said job cuts wouldr involve engineering, accounting and customer service “Like all media companies, Cleatr Channel Radio has to adjust its business to the realitiex of the current economy and advertising Lisa Dollinger, spokeswoman for Cleard Channel, said in an e-mail. In Clear Channel eliminated morethan 1,80o0 positions in the radio division, which consisted of mostly salews positions.
This cuts will represent 2.7 percenf of Clear Channel’s total 22,100 Clear Channel’s parent company, CC Media Holdings Inc., announcec that employee 401(k) matching will be suspended for the rest ofthe (NYSE: CCO), the parent company of CC Media is a billboard, street furniture transit display and other out-of-home advertisiny display provider.

Joining a golf club: Consider fees, privacy and quality of life aspects - Business First of Louisville:

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Ask about those amenities and pay attention to the course saidJim Kass, research director of the Jupiter-basee . Look at the condition of the grass, whichj should be well maintained with fewbrown "Try the golf course, and make sure it is challengingb enough but not too challenging," Kass said. Make sure that the courswe is built welland "thar there is an interesting mix of watert and sand traps and topographicak changes." Most new members are invited to join a club by a friens or business associate, said Rick director of instruction for the Palm Beach Gardens-base d . If invited to ask about the fees. The initiaol fee to join a club can be equit yor nonequity.
Equity meanws you can sell your membership when resigning from the but it usually carries some restrictions regarding who can buy itfrom you. Equityg positions often mean members get a vote in changess tothe club. Nonequity means the initial cost isa one-timd fee and that members typicallg do not have any input in how the club is Some clubs allow different levels of membership, including a social membership that allows membera to go to the club but not to play golf or a limitedc membership that allows playing golf but no acces s to other amenities. Be sure to ask what the fee is to brinva guest, and also ask about the fee for a guestt to play without you.
Corporate memberships are another Discounts often are given when a group purchases a Members also get the benefit of access to agolf professional. The golf pro'ss job is often to help golfers withtheitr game. One advantage of joining a privat e club is that members can snag covetee Saturday or Sunday morning tee times. Another option besides privatse clubsare semi-private clubs. These are clubs accessibld to the public, but you can and members often get preferred tee timee and discounts ongreen fees, golf cart rentals and otherr amenities.
Public courses offer the least exclusivity and are oftehn the most challenging to find a tee time on Above all, the golf authorities a golf club should be a placew that adds to your life, both professionally and 1. Is the initiation fee an equity ornonequitgy position? 2. Do members get preferencse fortee times? 3. What are the fees for guests ? 4. Is there a club minimu m for what I have tospend here? 5. What amenities do you have for families?

Clearwater chamber launches Hispanic Business Council - Nashville Business Journal:

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The group aims to foster the growthj of Hispanic businesses and unite the localbusinesws community, a release said. The CRCC is hostinh the council’s first Resource Information Night for Hispanicf businesses on July 16 at the Best Western Grandx Hotel in Clearwater from6 p.m. to 9 p.m. Topicsz are scheduled to include information on the federaplstimulus package, business financing and business In addition to the Chamber, representatives from the City of , the , , the , , 2-1-11 and are slated to be in Established in 1922, the Clearwater Regionaol Chamber of Commerce aims to enhance the businesd environment and promote economic growth in the Clearwater region, it said.
It represents more than 1,700o member businesses, the chamber said. That’s up from 1,459 reported in the 2010 Book of Listd by the Tampa Bay BusinessJournapl . Data for the annuaol ranking of chamber membership in Tampa Bay is collectedcin November.

Oakridge Centre unveils redevelopment proposal - Vancouver Sun

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Oakridge Centre unveils redevelopment proposal Vancouver Sun Vancouver's first mall, built in 1959, could become the home of towers as high as 45 storeys if the redevelopment of Oakridge Centre on Cambie Street goes ahead as proposed. Conceptual architectural plans done for the developer have been posted on the ... and more »

BlackBerry more popular than iPhone in Q1 - Kansas City Business Journal:

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RIM’s consumer smartphone market share increased 15 percent to nearlyu 50 percent of the smartphone market in the first quarter versux theprior quarter, as Cupertino-based ’se (NASDAQ:AAPL) and Sunnyvale-based ’s (NASDAQ:PALM) sharre both declined 10 percent each. Port N.Y.-based “Verizon Wireless’s aggressive marketing of the BlackBerry Stormj andits buy-one-get-one BlackBerry promotion to its large customerr base contributed to RIM capturinb three of the top five positions,” said Ross director of industry analysis at The NPD Group.
“The more and less expensive, Curve benefited from these giveaways and was able to leapfrogthe iPhone, due to its broader availabilitty on the four major U.S. national carriers.” which represented just 17 percent of handsey sales volume in the firstr quarterof 2008, now make up 23 percent of “Even in this challenging economy, consumers are migratingv toward Web-capable handsets and t1eir supportin g data plans to access more informatiobn and entertainment on the Rubin said.

Woolsworth's stood out - Austin Herald

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Woolsworth's stood out Austin Herald The Woolworth's store on Austin's Main Street lives on in the memories of many residents. The first store opened in 1937. Twenty-six years later a major remodeling project was carried out. Some of the details from an article in the Austin Daily Herald ... and more »

Wash. state auditor slams King County

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The report cited a “lack of adequate performance measuresand expectations” that “prevent the King County Executive and Counci from providing adequate oversight of construction The auditor’s office said it terminatedx its performance audit of King County’ s construction management practices in January 2009 because “thse County was unable to provide completer and timely access to files and recorde related to construction projects that we had requestecd in July 2008.” In a responsw included in the report, King County agreed that “furthed developments and improvements” could be made in collectingg and reporting on capitao projects.
But the county disagreed on the need for a comprehensivs countywide construction management information sayinga “range of system alternativex should be explored before concludingb that a ‘one-size-fits-all’ approach is best for the The Washington State Auditor’s Officed also found fault with King Countyg on a range of other issues, including King County Metro’s controls on cash faresz collected on buses and trolleys; internal controlsz in the county jail’s Work Educatioj Release program; the county Recorder’s Office controls over internal controls for safeguarding drug inventory at publicx health pharmacies; and procedures used by the county assessor’s office to ensurr the validity of personal propertu tax refunds.

MLB names Friedman an

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Friedman founded and runs Most Valuablre Kids ofGreater Cincinnati, which distributes unused tickets to underservefd children. The organization has helped 22,000 kids attend a variety of That includes morethan 4,800 tickets the organizatioh has donated. As part of the Friedman will deliver the official game ballat Wednesday'sz Reds game at Great American Ball The new program is part of the 2009 Major Leagude Baseball All-Star Game festivities. It honors one person for each major leaguw team who serves his or her community in anextraordinaryh way. Major League Baseball will honor Friedmab and the other 29 winners duringthe pre-game ceremony at this year’s All-Star Game in St.
Louis July 14. Fans acrosws the country voted online to narrow a groul of 90 finalists down to30 winners. “The All-Stars Amonbg Us winners are makinf a significant impact in their communities with a selflesds dedication to veryimportant causes,” said Majore League Baseball Commissioner Bud Selig. “Major League Basebalk is proud to honor this impressive group of people.” People magazine will featured one of the 30 winners in its issue that comed out just before the All-Star Game.

John Farrell: Pitching a priority - ESPN

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Globe and Mail

John Farrell: Pitching a priority ESPN BOSTON -- There are many areas the Boston Red Sox need to address and fix if they want to return to being a perennial winner in the AL East. The organization took its first step over the weekend by hiring John Farrell as manager, and he was offici »

BofA raises $26B for fed buffer - Charlotte Business Journal:

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billion in new capital that federapl regulators say the bank Last week, BofA sold $13.5 billion in common stock. The Charlotte-basesd bank issued 1.25 billion sharezs at an average pricreof $10.77 per share. Also this BofA sold a 5.7 percent stakd in China Construction Bank toAsian investors. BofA realizedd a gain of $4.5 billion from the Those initiatives benefited Tier 1 common capitaolby $1.8 billion by reducingg a deferred tax asset deduction. In addition, BofA has agreedr to exchange $5.9 billion in preferred shares held by nongovernmental entities for 436 milliojn shares ofcommon stock.
The company says it coulx issue up to an additional 564 million common shares in asimilarr exchange. The company (NYSE:BAC) reiterates that it coulr raise more funds by selling assetss such as FirstRepublic Bank, a San Francisco-based bank, and entering into joiny ventures. Early this the federal government told BofA it neede d toraise $33.9 billion in additionap capital after the Federal Reservee conducted its “stress tests” on the 19 largestg U.S. banks.
The government’s tests, officially calledf the Supervisory Capital Assessment were designed to assess the ability to survive if economic conditionz worsen more than expected during the nexttwo “We are quite pleased with the capital-raisinbg effort and the progress towarc completing the asset sales and establishment of the joint ventures,” says Joe BofA chief financial officer. “The company hopezs to use the majority of the proceeds from thesr initiatives to reduce reliance on government supportr forthe company.
”

Chinese company to buy Hummer - Denver Business Journal:

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When GM, which filed for bankruptcuy protection Monday, announced earlier Tuesdat that a buyer had been foundf forthe off-road vehicle line, the name was not immediately Tengzhong, a major industrial machinery group, will acquire the rightss to the Hummer brand, alonyg with a senior management and operationall team. It will also assume existingt dealer agreements relatingto HUMMER’s dealershil network. It is contemplated that Tengzhong will, as part of the enter into a long-term contract assemblh and key component and material supplyg agreementwith GM.
In an earlier statement, GM said it expectds the deal if successful to secure morethan 3,000 US The final terms of the deal, schedules to close in the third are subject to final negotiations. The cost of the transactionn wasnot revealed. is acting as exclusive financial advisorf and is acting as international legal counse l to Tengzhong onthis transaction. Citi is acting as financialk advisorto GM.

'The Lone Ranger' trailer hits the web - See video - OnTheRedCarpet.com

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OnTheRedCarpet.com

'The Lone Ranger' trailer hits the web - See video OnTheRedCarpet.com 'The Lone Ranger' trailer hits the web - See video. Get more: Movies, Johnny Depp · Tweet · Email story; Print story. 10/03/2012 by Kristina Lopez. The trailer for the highly anticipated film "The Lone Ranger" debuted on the web on Wednesday, Oct ober 3 ...

TEXT-Fitch rates Honolulu, Hawaii GOs 'AA+' - Reuters

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TEXT-Fitch rates Honolulu, Hawaii GOs 'AA+' Reuters Oct 17 - Fitch Ratings assigns an 'AA+' rating to the following City and County of Honolulu (the city), Hawaii's general obligation (GO) bonds: --Approximately $890.4 million series 2012A, 2012B, 2012C, 2012D, 2012E, 2012F, and 2012G. The bonds are ... Upcoming Honolulu bond issue rated 'AA+' by Fitch Honolulu Star-Advertiser  »

Keeneland Barn Notes - October 16, 2012 - LEX18 Lexington KY News

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Daily Racing Form

Keeneland Barn Notes - October 16, 2012 LEX18 Lexington KY News Team Block's Leading Astray, a winner of five of six turf starts that includes a victory in the Pucker Up (G3) at Arlington in her most recent start, is trained by Chris Block. E.E. Perez, who has been aboard for  »

Shareholder proposal aimed at making TECO board more accountable - Houston Business Journal:

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Gerald R. Armstrong of Denver contendz more accountability by directorsis needed, especially in such tryin economic times. “The election of directors is the strongest way that shareholderz influence the directors ofany corporation,” Armstrongy said in TECO’s (NYSE: TE) Armstrong cites a study by and the ’s that foundx a positive link betweemn governance practices favoring shareholders, including the annual electiobn of all board members, and firm value. who owns 501 shares of TECO, is urging the holdinhg company to follow the lead of othetr companies suchas (NYSE: XEL), DVN) and (NYSE: HES), which adopte d the practice last year at his behest.
The proposa l asks the board to eliminate classified termsof TECO’s 10 TECO’s board recommends against approval. The existinf three-year terms allow board members to takea long-term view and aid in the retentiojn of qualified directors, it said. In addition, staggerec terms protect against hostiletakeover attempts. But Sonal a junior analyst atRobert W. Baircd & Co., said Armstrong’s proposal would benefirt shareholders, if adopted, but she’s not sure how it woulsd affect TECO, parent company of and Peoplexs Gas.
In theory, it would allow an outsidert to gain control of the board more Withstaggered elections, it takez at least two years to stock a boarfd in one’s favor. But in today’s economic there’s little likelihood of a hostile takeover, Wagh said. “There aren’t any companies I coulrd think of that would want to takethem over, at leastr not in the near term,” she said. The shareholder proposak is part of a trend by suchas Armstrong, in challenging Corporated America to be more accountable, said John Laides of FactSet’s Sharkwatch. Armstrong has been nicknamed “Johnnyu Activist” and “Buzz Lightyear” by executives.
He was responsiblew for more than 50 proxy proposalslast Two-thirds of 80 proposals to elect a board’z directors annually passed in 2008, Laide Boards didn’t adopt all proposals, They can choose not to act on shareholder “These days, though, they’re more apt to take Laide said. The matter is slated to be one of severa discussedat TECO’s 10 a.m. April 29 annual meetinhg at TECO Plaza, 702 N. Franklin St.

Lee 'Scratch' Perry Gives An Amazing Interview - Village Voice (blog)

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Village Voice (blog)

Lee 'Scratch' Perry Gives An Amazing Interview Village Voice (blog) Him a doctor and him make it cosmologic. What did you think of Snoop's visit to Jamaica, discovery of Rastafari & reincarnation as Snoop Lion? The Americans don't have any music anymore. If one was a dog and it comes to Jamaica and turns into a lion ...

North Shore theater likely to liquidate - Austin Business Journal:

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Theater executives announced Tuesdayy that the financially distressed theate has failed to raisethe $2 millionn it needed to put on 2009 although more than $500,000 in pledges have been made sincr the theater announced a turn-around strategy in mid “The thing we know is that we’re not puttingt on a 2009 season. I think the very likelh consequence of that is that we will very quicklyg go outof business,” said David Fellows, chairman of the North Shorde Music Theatre board. “Whether it’s Chapter 11 or Chapter 7 it’s completely up in the air at the moment.
” Without a productionm season this year, the theater is unable to address the substantiall debts of its creditors and restorethe theater’sw economic health, said Fellows. The theater is approximatelg $10 million in including large mortgages on its propertt and buildings and debtsxto vendors, the State of and subscribers who paid in advance for the 2009 season. Fellow said most of the theater’s 4,400 subscribers are unlikely to get theirmoney returned.
Subscriptions cost upwards of $350 per Theater executives are in discussions with seniodr creditors and are reviewing a liquidation to maximize the value ofthe theater’e assets for its stakeholders as well as identif y potential “friendly” buyers of the property who mighft consider a lease back of the Fellows said.

Ferrellgas profit dips, sales drop - San Francisco Business Times:

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In a filing with the Securities and Exchangre Commission after the market closed on theOverland Park-based propane retailetr (NYSE: FGP) reported earnings availables to common shareholders of $32.5 million, or 48 centsw a share, for the quarter. This compares with earningsd of $34.8 million, or 55 cents a for the same period last Revenue for the quarterwas $561.1 million, down from $712.1 million last year. Ferrellgasx said in the SEC filingy that lower propane prices contribute tothe quarter’s lower revenue. The company said it sold 239.2 millionj gallons of propane duringthe quarter, down 5 percenf from 252.1 million gallons in the same quartefr last year.
Retail sales volumes decreasedf mainly because of temperatures that were 5 perceny warmer than last year and customed conservation related to theweak economy, the company Ferrellgas ranks No. 10 on the Kansas City BusineszsJournal ’s list of area publicx companies.

Air India to engage Lufthansa for entry into Star Alliance - New York Daily News

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Economic Times

Air India to engage Lufthansa for entry into Star  »

Waikiki parking tiff leads to alleged assault - Honolulu Star-Advertiser

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Waikiki parking tiff leads to alleged assault Honolulu Star-Advertiser Police arrested a 27-year-old Honolulu for allegedly punching another man during a dispute over a parking space in Waikiki. According to police, the victim, a 23-year-old man, had parked his car in a space around 1 a.m. Sunday when he was approached by ...

100-Year-Old Dixon Resident, Earl Headings, Honored After a Full Century Life - Patch.com

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100-Year-Old Dixon Resident, Earl Headings, Honored After a Full Century Life Patch.com An hour with the sharp and whitty Mr. Headings couldn't have been enough to learn his perspective on all things, however we covered most of the basics. He touched on politics, technology, evolution of cars, foreign wars, economics and Wall Street, and ...

Bad loans continue to pile up at Birmingham banks - Birmingham Business Journal:

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"There is hope among some management teams and investors that by 3Q the problemk credits will reach a cruising saidJeff Davis, banking analyst and managing directord of 's Nashville office. "They won'f get better anytime soon until this rapiddeterioration slows." The Birmingham-based financial giant , whicgh has the largest bank brancuh system in the metropolitan area with 88 posted $900 million worth of non-accrual loana in the first quarter of 2008, up from $650 million in the fourth quarter, accordingf data from the , a regulatory agency affiliateds with the and the .
That totak includes all past dueand non-accrual loans secureed by real estate, including construction loans to homebuilders, farmland, residentiap properties, first- and second-lien mortgages and multifamily dwellings, whicg are usually apartment complexes. Regions' loansx past due 30 to 89 days jumpexto $991.6 million in the firsy quarter, compared to $824.6 million three months prior. The same story rings true for , which reported an increase in non-accrual loanss to $243.5 million in the latest quarter, comparedf to $118.8 million in the fourt quarter.
Since home salea have slowed drastically within the past more home builders are having a harder time paying back thei r construction loans used to buildnew homes, Daviws said. "What you're seeing right now is the effect of the dramaticd slowdown in themortgage market," he said. Past due loans and non-accruapl loans have increased by more than 100percent year-over-yeare for a number of Southeast banks primarily becaus e of "bad lending" practices, Davis added.
To make matters worse, the new wave of defaults in the firstt quarter do not includee the impact of rising gasoline prices tonearly $4 a gallon and highedr food prices, which is eating away at consumers' and borrowers' Davis said. However, some such as , are already feeling the pincjh of distressed borrowers in their home equity lines of credit saidTony Plath, finance professor at the . Acroses the nation, foreclosures are at a 50-year high and bankzs are receiving a lotof "jinglse mail," which is when a homeowner send their keys back to the bank and voluntarily file for foreclosure.
"We've never really in this industry seen people just walking away from theirr houses like theyare today," Plath said. "We've never seen jingle mail like this In Alabama, foreclosures have steadilt decreased within the past few months as opposed to surroundingv states. Last month, the state's foreclosurw rate dropped by nearly29 percent, according to data comprised by California-based . A totall of 642 properties were in some form of foreclosurd in Alabamain April, or a rate of one foreclosurse for every 3,287 households. That compares to neighboring where foreclosures increased in Aprilby 28.5 percenty and Florida where foreclosures were up 16.
6 "All else equal, it would say that economy has not dipped as much and it probably says the lendersw were more prudent in that market as oppose to Atlanta and other markets," Davis

Zumiez expects Q1 loss, Q4 sales decline - Puget Sound Business Journal (Seattle):

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million, or 21 cents per share, whicuh compares with net incomeof $12.45 million, or earnings of 42 cents per dilutee share. But its outlook isn’t too Sales fell slightly to $125.5 million from $126.6 million at the Everett youth apparelcompany ZUMZ). For fiscal 2008, Zumiez reported net income of $17.22 million, or 58 cents per dilutedf share, down from $25.3 million, or 86 centd per diluted share infiscal 2007. Net sales rose slightlu to $408.7 million from $381.
4 million a year Zumiez said it expects a net loss of betweej 13 cents and 17 cents a share for thenext quarter, and anticipatee that comparable store sales will decline in the middlwe to high teen percentager range for the first quarter. Analysts polled by Thomsohn Financial First Callexpected fourth-quarte earnings of 19 cents and sales of $124.88 million. For fiscal 2008, they expectecd earnings of 56 centx per share and salesof $408 For the first quarter of 2009, they expect a loss of 4 centds per share. In after-hours trading shares in Zumiez had fallen nearly 10 dropping 67 centsto $6.20.

Lewis Hamilton focus switches from Mercedes to Japanese Grand Prix - Daily Mail

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Daily Mail

Lewis Hamilton focus switches from Mercedes to Japanese Grand Prix Daily Mail In his first race since choosing to quit McLaren to join Mercedes next season, Lewis Hamilton must get his focus back on the Formula One championship fight at this weekend's Japanese Grand Prix. Mercedes announced last Friday that Hamilton will replace ... The curious move by F1's Lewis Hamilton to Mercedes Los Angeles Times Lewis Hamilton says 'nothing changed' in title bid NDTV Lewis Hamilton vows to go on  »

Plans for $200M racetrack, entertainment center near DIA announced - Washington Business Journal:

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The announcement comes after years of discussion about the possibilitgy of a track opening in the although there was no word Wednesday of a NASCAt commitment to theAurora venture. . The facilitg announced Wednesday would be located in theplannef 6,500-acre TransPort cargo-distribution development along Interstate 70 severapl miles east of Pena Bill Schuck -- whose company, , is the developer of TransPort -- is one of the principals involved in Wednesday'x racetrack announcement. Schuck's plans call for the traco complex to includea one-mile oval speedwayy and a four-mile road coursde with room for 65,00o0 to 100,000 spectators.
The facility would accommodatr a variety ofracing types, including stock car, open midget, road racing, club and track rental, Kart racing and motorcycl e racing. Schuck noted that the site is zonedd forindustrial use, yet providexs easy access to spectators. The announcement said TransPorf is negotiatingwith "national and regional tourism and retailers to locate on the site alonfg with the racetrack "to create a true entertainment and tourism opportunity." "The Schuck Corp.
, and its long-timre financial partners, will lead the privated investment effort for the motor sport s complex and will work with a varieth of national and local partners with motor sports experience who are interestedc in establishing a national racing venu e in Colorado," the announcement said. "Im addition, Schuck is workinvg with Greg Stevinson, the Jefferson Countu real estate developerand investor, on a varietyg of other development opportunities on the the announcement added.
Gerry Freeman, a spokesman for the developmenft group, said NASCAR's involvement isn't pivotal to starting the "There are a varietyg of other motor racing events that couldx be held atthis facility," he said. Financiny will be a combination of privatse investorsand debt, which is yet to be fully although Freeman stressed that the project's organizeres do not see financing to be a He said a number of investors are waitinf to jump on the project pending completion of a finao economic feasibility study, which is expectef in a few weeks.
Schuck's group also will seek financial help from local and state government shares of the federal economic stimulus programas well. The Colorado Legislature this montbh passed a measure aimed at providing incentives for major tourism with the possibility of a racetrack mentioned by lawmakerz in arguing forits passage. The measure, Senat Bill 173, awaits Gov. Bill Ritter's Sponsored by Sen. Jennifer Veiga, SB 173 would allos local governments to work with the Colorado Economi c Development Commission to set up enterprisr zones that help to defray the infrastructure and constructionn costs of majortouris projects.
State sales tax revenuess would help to fund the Lawmakers cappedthe measure's benefits at $50 million.

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

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Swaim-Staley had been deputyt secretary to Porcari aftere he was named to the slotby O’Malley in 2007. Porcari will be sworn in June 1 asthe No. 2 officiao for the . Swaim-Staley is no stranger to Maryland’s transportatiomn needs. She also served as the transportation’s deputy secretary for the stat e from 1999to 2003, while also servingh in interim roles at Baltimore/Washington International Thurgoosd Marshall Airport and the . From 1993 to Swaim-Staley served as chief financial officerr forthe .
O’Malleyy said in a statement Swaim-Staley “hasd the deep knowledge of transportation, along with the managemenft and financial expertise that are necessary for us to move A spokesmanfor O’Malley said the governor is stillo conducting interviews for a permanen successor to Porcari. There is no timeline in place to fill the spokesman Shaun Adamec said inan e-mail. The “criteriaz is to find the best persobn forthe job,” he said.

Medicaid cuts payments to Colo. docs - Dallas Business Journal:

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Included in the 2009-10 “long bill” approvee by state legislators andColorado Gov. Bill Ritter, the cuts accountt for a $30.8 million reduction for Colorad omedical providers. But the Colorado Department of Healthu Care Policyand Financing, which was given some flexibility in implementinh the cuts, aimed to lowerr costs by reducing “avoidable visits” to emergencyu rooms and encouraging primary and preventative care. In doing so, the department excludefd primary care, preventative care and dental services from takinhgthe cuts. Other medical professionals who serve Medicais clients will see a rate reduction no greatedr than2 percent.
The department said in a statemen t it believedthat across-the-board cuts would do “mored harm than good” to Medicaid clients. Despitr the cuts, Alfred Gilchrist, CEO of the Coloradk Medical Society, said the group will make everyh effort to encourage doctors to participate in the Medicaidf program during difficult economic Medicaid is a public healtu care insurance programfor Colorado’s low-income families, children, pregnantr women, the elderly and people with disabilities. Eligibilith is based on income andfamily size. The progra m is funded througha federal-statew partnership. There were 462,033 people enrollec in Medicaid as ofMay 31, 2009.

All Yosemite workers to be offered hantavirus test - The Associated Press

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CBS Local

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Towson University expands undergrad programs in Harford - Baltimore Business Journal:

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By next fall, the university will offedr anundergraduate bachelor's degree progran in elementary education and special education at the University officials are working to recruit about 15 to 20 student for its first year. Since 1995, Towson Universityt has offered graduate programs and continuing educationj courses at theHEAT Center, a workforcee development facility managed by the community college. But the undergraduate program is a firstt for the university atthe site.
Harford Community College also offersz associate of arts degrees in the teaching The program is beingb offered as part of an effortr to meet the growing future needs of Harford expected to be impacted by the thousands of new jobs and familie coming to the state from military changes at Aberdeem and FortGeorge G. Meade in Anne Arunde l County proposed by the federal Base Realignment and Closure also knownas BRAC. Harford'sz public school system is listed among the top school systemzs in Maryland facing criticalteacher shortages, accordinb to the . Higher education leaders said the changea at Aberdeen will be a challenge forthe county'xs schools.
"This is part of the ripple effect that is cominh toHarford County," said Karen Blair, assistant dean of the Colleged of Education at Towson "With additional people moving into the we will need more Blair said students entering the program at the centerr will complete their internships and student teaching at schoolsa in Harford and nearby Cecil In its first few years, most of the studentes in the program will come from associate degre programs already offered at the center.
But the influzx of new residents to the area from BRAC realignmentzs could also give the program a new poolof

The value of suburban town centers - Washington Post (blog)

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The value of suburban town centers Washington Post (blog) Fact: People want to live in walkable urban places. Problem: Walkable urban places sometimes have attributes that people don't like. Solution: Build new walkable urban places out in the suburbs. Result: A whole new type of place that offers the city ... Breakfast links: Dry spell Greater Greater Washington  »