bengeyqafiba1640.blogspot.com
While service providers don’t yet know whethe r they’ll receive IOUs — or what the amountds will be — Sparky Harlan, CEO of the in Santsa Clara, is prepared for the “We receive about $400,000 in state funding,” Harlajn said. “We’re already accustomed to getting monehy from the statelate — last for example, it took untilo December before we finally got paid.” For this year and last year the centetr has relied on a $150,000 line of credit through to coverf the gap, along with $500,000 out of its reserv funds. The center’s operating budget is $10 milliohn for fiscal 2009-10.
The money that may be on hold from the state covers, in part, the center’s shelter and drop-in street outreach, and parenting classes. “The problenm right now is thatwe don’t know for certain how much they’rs going to hold back,” said who has been with the center for 26 years. “But this is by far the worsty I’ve ever seen.” In anticipation of the state’ds budget problems, 10 percent cuts have already been plannedfor foster-carw payments. Locally there are 300 to 400 kids infosterd care.
Foster care rates are the same acroswsthe state, so families in high-costf areas such as the Bay Area get the same amount of compensation as people in more affordable places. “We’re fronting half a milliom dollars already,” she said. It’s a layered problem for the since in addition to state money some comesz from the federal Housing and Urba nDevelopment department. And Harlan said HUD is so slow it can take up to six monthe for payments tobe “We’re hoping to get paid by she said. “Nonprofits are just gettinbg slammed.
” Harlan said the Bill Wilson Cente r has closed down two programs already and cut abouyt 15 percent ofits staff, leaving abou 110 employees. These are real layoffs, she pointex out — not attrition or open jobs and “heartbreaking” to do. “Wed had to give one stafcf person a layoff notice and a week latedr his wife was laid off from another she said. in Campbelp gets about $500,000 a year from the statw for its AIDS CFO Ira Holtzman said the agency is largr enough and financially stable enough that he would just book an IOU as accountss receivable and hope the money camethrough eventually.
The Healtyh Trust’s budget for fiscal year 2010 is morethan $16 million, Holtzmanm said. Pam Brandin, executive directot of and Visually Impaired, which has officee in Palo Alto andSanta Cruz, said that even thougy her agency provides the kind of servicee that are especially at risk in Statr Controller John Chiang’s plan, the Vista Center is relatively “We receive money through Title 7 Chapte 2 services,” Brandin explained. “Since much of our funding is federaplmoney we’re hoping that it has to be released and passed on; the state won’tf be allowed to hold on to it.
” The Vistaw Center also has school contractxs through special education funding. “Lastg year when the state had simila budget issueswe didn’t receiver any IOUs,” she “but that situation was resolved soonerf than this appears to be. The agencies that receive IOUsprobably won’t even know they’re coming until they submit their bills.” She’d also banking on Vista Center’s status as a preferre d vendor with the state, “so we’ll be paid in advancs of other vendors — if in fact the statee is even writing checks.
” Lisa president & CEO of Avenidas Rose Kleinere Senior Day Health Center in Palo is also cautiously optimistic. “Thwe only funds we receive from the state are MediCal payments for services provided at our adulttdaycare center,” she said. “Our understandin g is that those services are protected by the statre constitution as well asfedera law. We do receive funding indirectlgy throughthe county, but we don’g expect that to be affected.” Tom public policy director of the , said peoplde are on pins and “Everyone’s sitting around waiting, not knowing what’s going to happen.
But even with the most optimisticfoutcome it’s still going to be very ugly.” He pointefd out that the deficit last year for Santa Clara Countyh was more than $270 million, and many of the cuts were made in programw around health, mental health, drugs and alcohol and social And there’s no relief on the horizon: For 2011 the countyh is looking at a deficit of about $250 million, he
Sunday, April 29, 2012
Friday, April 27, 2012
Campbell Soup land purchase figures in Camden office park plans - Philadelphia Business Journal:
humojo.wordpress.com
headquarters. The soup company bought the which was a surface parking lot and sits betweenb 11th Street and AdmiralWilson Boulevard, for $426,0000 from the , the company With that parcel under its Campbell (NYSE:CPB) now has a swath of land stretching from 11th Street to Admiral Wilson Boulevarr between Newton and Mt. Ephraikm Avenues available for theoffice park. It has completed environmenta remediation on all ofthe properties, and has prepared them for immediate redevelopment as part of the planneds park, which will sit on 100 acres. Campbell’s campus will occupy roughly 40 of thosew acres as part of itsheadquartersa expansion. Other companies would occupy theremainingy acres.
The company plans to spendr upto $90 million on the overall Local governments are expected to invest about $23 million in
headquarters. The soup company bought the which was a surface parking lot and sits betweenb 11th Street and AdmiralWilson Boulevard, for $426,0000 from the , the company With that parcel under its Campbell (NYSE:CPB) now has a swath of land stretching from 11th Street to Admiral Wilson Boulevarr between Newton and Mt. Ephraikm Avenues available for theoffice park. It has completed environmenta remediation on all ofthe properties, and has prepared them for immediate redevelopment as part of the planneds park, which will sit on 100 acres. Campbell’s campus will occupy roughly 40 of thosew acres as part of itsheadquartersa expansion. Other companies would occupy theremainingy acres.
The company plans to spendr upto $90 million on the overall Local governments are expected to invest about $23 million in
Thursday, April 26, 2012
QinetiQ signs lease in Reston - Washington Business Journal:
acklinegymejac1362.blogspot.com
As the incoming lead tenant inthe 196,000 square-foor Class A office building at 11091 Sunset Hillsa Road in Reston, its 11-year lease startsa later this year. McLean-based Qineti North America, a subsidiary of London-based QinetiQ that offerz technology-based defense and security products and services to the saidits 42-percent revenuwe growth over its last fiscal year has partly been due to its role in the intelligences and cyber security markets and new work with the Department of Homelandd Security and NASA. It will be the fifth U.S. officw for the company, which is also in Fairfax, Ala. and Waltham, Mass.
The tenant was represented by Robb Johnson andDee MacDonald-Millere of Jones Lang Vardell Realty Investments LLC was represente d by Mike Shuler, Rob Walterx and Nate Krill of Millenniujm Realty Advisors LLC. Initially, 400 program management-type employees be relocatinfg from various offices in Fairfax County into theRestonh building. Down the road in 2011 or 2012, the number of employees at the site will doubleto 800. Out of the 400 movint in, 75 will be part of QinetiQ’d technology solutions group and the other 325 will be part of its missiomnsolutions group.
“Like any company trying to attract andretain high-quality people, we were looking for more than just a This building has environmentally-friendly features the new generation of employeeds is looking for,” said Matthew Warnock, directoer of public relations at QinetiQ. He said the buildingf will also help cut down onoverheard “by a great deal,” with expecteed savings of 65 to 70 percent on powerd consumption through the use of virtualization softwaree and green technology to reduce heatinbg and utility costs.
He adds that the buildinfg sits right off a bike trail and was builyt onan east-to-west access, which means employeesz can take advantage of a full day of sunlighy and cut down on electricity.
As the incoming lead tenant inthe 196,000 square-foor Class A office building at 11091 Sunset Hillsa Road in Reston, its 11-year lease startsa later this year. McLean-based Qineti North America, a subsidiary of London-based QinetiQ that offerz technology-based defense and security products and services to the saidits 42-percent revenuwe growth over its last fiscal year has partly been due to its role in the intelligences and cyber security markets and new work with the Department of Homelandd Security and NASA. It will be the fifth U.S. officw for the company, which is also in Fairfax, Ala. and Waltham, Mass.
The tenant was represented by Robb Johnson andDee MacDonald-Millere of Jones Lang Vardell Realty Investments LLC was represente d by Mike Shuler, Rob Walterx and Nate Krill of Millenniujm Realty Advisors LLC. Initially, 400 program management-type employees be relocatinfg from various offices in Fairfax County into theRestonh building. Down the road in 2011 or 2012, the number of employees at the site will doubleto 800. Out of the 400 movint in, 75 will be part of QinetiQ’d technology solutions group and the other 325 will be part of its missiomnsolutions group.
“Like any company trying to attract andretain high-quality people, we were looking for more than just a This building has environmentally-friendly features the new generation of employeeds is looking for,” said Matthew Warnock, directoer of public relations at QinetiQ. He said the buildingf will also help cut down onoverheard “by a great deal,” with expecteed savings of 65 to 70 percent on powerd consumption through the use of virtualization softwaree and green technology to reduce heatinbg and utility costs.
He adds that the buildinfg sits right off a bike trail and was builyt onan east-to-west access, which means employeesz can take advantage of a full day of sunlighy and cut down on electricity.
Tuesday, April 24, 2012
Grant money will help WESST teach kids to save - Sacramento Business Journal:
stockdaleiqemico1521.blogspot.com
The youth Individual DevelopmentAccount (IDA) progra provides financial literacy education and a methodr for building assets to high school students that meet income qualifications. The program will span a three-yeae period between 2009 and 2012. IDAs, whichu are used by a numberr of organizations in New encourage participants to save for a goal or asseft and usually matchthe participant’s savingxs as an incentive. The match in the WESST program is fourto one, up to $3,000.
is the nonprofit’ bank partner in the WESST is working on this pilot program with Junioer Achievement of New Mexico and the Creative EducationPreparatoryh Institute, a public charter high school on Albuquerque’sz Westside. There are 21 students participatinf in theprogram now, and the Danielzs grant will allow WESST to add an additional 13 said Marty Tatum, spokeswoman for The grant will also be used to leveragse matching federal dollars and enroll more high school studenty participants. , based in Denver, operatess the Daniels Fund Scholarship Program and the Daniels Fund Grantes programin Colorado, New Utah and Wyoming.
The Fund was establisher in 1997 by cable television pioneer Bill a former residentof Hobbs. helps low-incoms women, minorities and other entrepreneursachieve self-sufficiency through microenterpris training, technical assistance and accesz to capital through its revolving loan fund. WESSTT recently opened a new smal l business incubator indowntown Albuquerque.
The youth Individual DevelopmentAccount (IDA) progra provides financial literacy education and a methodr for building assets to high school students that meet income qualifications. The program will span a three-yeae period between 2009 and 2012. IDAs, whichu are used by a numberr of organizations in New encourage participants to save for a goal or asseft and usually matchthe participant’s savingxs as an incentive. The match in the WESST program is fourto one, up to $3,000.
is the nonprofit’ bank partner in the WESST is working on this pilot program with Junioer Achievement of New Mexico and the Creative EducationPreparatoryh Institute, a public charter high school on Albuquerque’sz Westside. There are 21 students participatinf in theprogram now, and the Danielzs grant will allow WESST to add an additional 13 said Marty Tatum, spokeswoman for The grant will also be used to leveragse matching federal dollars and enroll more high school studenty participants. , based in Denver, operatess the Daniels Fund Scholarship Program and the Daniels Fund Grantes programin Colorado, New Utah and Wyoming.
The Fund was establisher in 1997 by cable television pioneer Bill a former residentof Hobbs. helps low-incoms women, minorities and other entrepreneursachieve self-sufficiency through microenterpris training, technical assistance and accesz to capital through its revolving loan fund. WESSTT recently opened a new smal l business incubator indowntown Albuquerque.
Sunday, April 22, 2012
Metro seeks more control of convention center leadership - Wichita Business Journal:
judonebolayb1394.blogspot.com
Metro councilors Rod Park and Rex Burkholdetr will introduce a measure next week giviny the council authority over individuals who lead the Metropolita n ExpositionRecreation Commission. The motion comes afterr Metro Council President Davied Bragdon criticized the performance of MERC Generalo ManagerDavid Woolson. Councilord want to oversee the hiring, salary changes and employment statuaof MERC’s top executive, accordinyg to a letter Park and Burkholder sent to Don Trotter, who chaird the commission. Trotter and other commissioners currently oversee the position and have givejn Woolson good marks during his first threeejob reviews.
The council will consider the motiom at its June 11 In a March 31 letter to the commission regardingthe group’zs budget requests, Bragdon questioned both Woolson’sd leadership as well as the agency’ss higher budgets. Woolson’s office spent $470,56u8 during the 2007-08 fiscal year. The number jumped to $838,8034 for the current year. Woolson requested $877,808 for the 2009-10p fiscal year.
However, in a lettere dated March 12, 2009 to Bragdom from Metro finance and administrativ services directorMargo Norton, Woolson says the cost increases are "primarilyy the result of a reorganization of the public affaire function and the cost and creation of a business development Specifically, MERC's public affairs manager and public affaires coordinator were "reclassified" to a director of communications and a directo of business and community development. Woolson goes on to state that additional resources for goodx and services for the positionsincluded consulting, sponsorships...
and other general office expenses in order to have a more effective efforr in this area." In the same letter, Woolson says the numbers alone don'yt paint an accurate picture becausd of unfilled positions in earlier budgets. Bragdon also said Woolsom moved his office downtown and boostef consulting travel costs and other expensexslast year. He also collected “large raises” by increasing his salary to $184,000, make him more highlyg paid thanhis predecessors. MERC moved downtowb from the convention centerlast year. It occupies spacee in the Portland Center for the Performing Arts, 1111 S.W.
MERC, which operates the building, pays no rent for the One of theMERC Commission'xs goals was to increase the organization'ws downtown presence. MERC's board approved Woolson'sz pay raises. The board said last year that Woolsobn “has accomplished (an) enormous amount of work and inspirecd staff. He has quickly detecteed problems and has move to alleviate orfix (sic). There appearxs to be a new energyat Metro’s annual budget is $40 million. Woolson is the agency’x highest-paid employee.
Metro councilors Rod Park and Rex Burkholdetr will introduce a measure next week giviny the council authority over individuals who lead the Metropolita n ExpositionRecreation Commission. The motion comes afterr Metro Council President Davied Bragdon criticized the performance of MERC Generalo ManagerDavid Woolson. Councilord want to oversee the hiring, salary changes and employment statuaof MERC’s top executive, accordinyg to a letter Park and Burkholder sent to Don Trotter, who chaird the commission. Trotter and other commissioners currently oversee the position and have givejn Woolson good marks during his first threeejob reviews.
The council will consider the motiom at its June 11 In a March 31 letter to the commission regardingthe group’zs budget requests, Bragdon questioned both Woolson’sd leadership as well as the agency’ss higher budgets. Woolson’s office spent $470,56u8 during the 2007-08 fiscal year. The number jumped to $838,8034 for the current year. Woolson requested $877,808 for the 2009-10p fiscal year.
However, in a lettere dated March 12, 2009 to Bragdom from Metro finance and administrativ services directorMargo Norton, Woolson says the cost increases are "primarilyy the result of a reorganization of the public affaire function and the cost and creation of a business development Specifically, MERC's public affairs manager and public affaires coordinator were "reclassified" to a director of communications and a directo of business and community development. Woolson goes on to state that additional resources for goodx and services for the positionsincluded consulting, sponsorships...
and other general office expenses in order to have a more effective efforr in this area." In the same letter, Woolson says the numbers alone don'yt paint an accurate picture becausd of unfilled positions in earlier budgets. Bragdon also said Woolsom moved his office downtown and boostef consulting travel costs and other expensexslast year. He also collected “large raises” by increasing his salary to $184,000, make him more highlyg paid thanhis predecessors. MERC moved downtowb from the convention centerlast year. It occupies spacee in the Portland Center for the Performing Arts, 1111 S.W.
MERC, which operates the building, pays no rent for the One of theMERC Commission'xs goals was to increase the organization'ws downtown presence. MERC's board approved Woolson'sz pay raises. The board said last year that Woolsobn “has accomplished (an) enormous amount of work and inspirecd staff. He has quickly detecteed problems and has move to alleviate orfix (sic). There appearxs to be a new energyat Metro’s annual budget is $40 million. Woolson is the agency’x highest-paid employee.
Friday, April 20, 2012
Bay Area officials seek stimulus input - San Francisco Business Times:
vuwodu.wordpress.com
The submission deadline is April 24. The region’s final report is due to the stat e byJune 1. The economic institute, whic h is developing a regional plan for seeking federalstimulue cash, is already working with local governments and agenciea like the , the East Bay’s Economic Development Alliancew and the Association of Bay Area Governments. The economicc institute said Thursday it wants input as well from area business leadera and residents as it writes its The regionalproposal — whichy will show how the Bay Area wantsa to spend money it gets is seen as the most effectives way for the area to make a strong case for moneh in the American Recovery and Reinvestment Act.
“We’rde getting submissions from everypossible direction” to help pull together the regionalp plan, said Sean Randolph, presidentg of the Bay Area Council Economic “This program … can ensure the Bay Area gets the maximum bang for its stimulus bucks.” Much of the money in the stimulu s act goes to areaw based on formulas. But about one thirxd of the total cashis discretionary, meanin g projects in the Bay Area will compete with proposalx across the state and across the country. “We are in a high staked game in Californiaand we’re in a competition with othetr states,” said Bruce Kern, executive directorr of the .
Billionss of dollars are at stake. About $30 billion in stimulus moneu will be divvied up in Sacramento before going to variouz regionsaround California. Another $20 billion of discretionar y money will be doled out to Californiafrom D.C. Starting April 6, the economic institutd said it will startr collecting project proposals onlineat www.bayareaeconomy.org/recovery. The submissiomn deadline is April 24. The region’xs final report is due to the state byJune 1. Project s should fall into one of seven categories, the economic institute said.
Thosw are: Transportation, water, energy/climate, workforce training and business development, science and innovation or The projects should also lead tosignificantg short-term job creation and generatew long-term return on investment. There is benefit to the plan even if it does not resulft instimulus money, officials By bringing together agencied that often don’t plan the regional proposal is generatinb attention on regional said Randolph.
“We see the plan framinhg a longer term conversation aboutregional
The submission deadline is April 24. The region’s final report is due to the stat e byJune 1. The economic institute, whic h is developing a regional plan for seeking federalstimulue cash, is already working with local governments and agenciea like the , the East Bay’s Economic Development Alliancew and the Association of Bay Area Governments. The economicc institute said Thursday it wants input as well from area business leadera and residents as it writes its The regionalproposal — whichy will show how the Bay Area wantsa to spend money it gets is seen as the most effectives way for the area to make a strong case for moneh in the American Recovery and Reinvestment Act.
“We’rde getting submissions from everypossible direction” to help pull together the regionalp plan, said Sean Randolph, presidentg of the Bay Area Council Economic “This program … can ensure the Bay Area gets the maximum bang for its stimulus bucks.” Much of the money in the stimulu s act goes to areaw based on formulas. But about one thirxd of the total cashis discretionary, meanin g projects in the Bay Area will compete with proposalx across the state and across the country. “We are in a high staked game in Californiaand we’re in a competition with othetr states,” said Bruce Kern, executive directorr of the .
Billionss of dollars are at stake. About $30 billion in stimulus moneu will be divvied up in Sacramento before going to variouz regionsaround California. Another $20 billion of discretionar y money will be doled out to Californiafrom D.C. Starting April 6, the economic institutd said it will startr collecting project proposals onlineat www.bayareaeconomy.org/recovery. The submissiomn deadline is April 24. The region’xs final report is due to the state byJune 1. Project s should fall into one of seven categories, the economic institute said.
Thosw are: Transportation, water, energy/climate, workforce training and business development, science and innovation or The projects should also lead tosignificantg short-term job creation and generatew long-term return on investment. There is benefit to the plan even if it does not resulft instimulus money, officials By bringing together agencied that often don’t plan the regional proposal is generatinb attention on regional said Randolph.
“We see the plan framinhg a longer term conversation aboutregional
Wednesday, April 18, 2012
Kansas City Business Journal: Kansas City Real Estate
aleshnikovenil.blogspot.com
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Tuesday, April 17, 2012
Zemsky widens Larkin-area holdings - Business First of Buffalo:
avaohev.blogspot.com
Larkin Development LLC has acquiredthe 66,000-square-footy former Larkin U building at 239 Van Rensselaer St. and an vacant gas station at 719 Senecsa Street along with two smallparkinh lots. Larkin Development paid $481,000 for the buying them from , according to documentw filed May 28 with the ErieCountuy Clerk’s office. “The opportunity presented itself and it was too good of an opportunityt topass up,” Zemsky said.
The Larkin U which was first constructed in sits almost next doorto Zemsky’s anchod development in the still-emerging Larkin District, the 600,000-square-footg Larkin at Exchange Building and its adjoining parking The Larkin at Exchange Building is nearly 100 percent leased and Zemsky said he is alwaysw looking for future and potentia l office projects. Zemsky is working on a sweeping Larkib District development effort that will eventuallyy see a mixof retail, restaurant and residential components brought to area of Senecaq and Van Rensselaer streets where the formefr Larkin Soap Co. once operated.
Zemsky said the gas which at one time was used as the LarkinFillingt Station, will likely be re-developedd into some form of retail-based project. The Larkin U buildingf carries a unique history and was mostlyu used for manufacturing andpackaging purposes, although at one time, it housex a bowling alley used by Larkin executives. The building was firsy constructed for the DUllmaj & Sons firm and acquires by Larkin in 1911. Its name came from lettersz that Larkin officials used for all of the building s in itsBuffalo complex. McDonald Productas worked from the building from 1946to 1980.
McDonaldd was best known for inventing the bean bag which at its peak sold more than 1 milliounits annually. “The building certainlyt had a novel history,” Zemskyy said. The deal gives Zemsky significant, new Seneca Streef frontage for hisdevelopment plans. “We will let the market dictat e the timing of thebuild out,” Zemsky said. For now, Zemskuy will begin rehabbing thebuildingv that, until recently, housed the local operatione of Par Foam Products. Par Foam was sold to and moveds its operations out of theBuffalo area. “Wre definitely want to improve the aestheticss ofthe building,” Zemsky said.
Larkin Development LLC has acquiredthe 66,000-square-footy former Larkin U building at 239 Van Rensselaer St. and an vacant gas station at 719 Senecsa Street along with two smallparkinh lots. Larkin Development paid $481,000 for the buying them from , according to documentw filed May 28 with the ErieCountuy Clerk’s office. “The opportunity presented itself and it was too good of an opportunityt topass up,” Zemsky said.
The Larkin U which was first constructed in sits almost next doorto Zemsky’s anchod development in the still-emerging Larkin District, the 600,000-square-footg Larkin at Exchange Building and its adjoining parking The Larkin at Exchange Building is nearly 100 percent leased and Zemsky said he is alwaysw looking for future and potentia l office projects. Zemsky is working on a sweeping Larkib District development effort that will eventuallyy see a mixof retail, restaurant and residential components brought to area of Senecaq and Van Rensselaer streets where the formefr Larkin Soap Co. once operated.
Zemsky said the gas which at one time was used as the LarkinFillingt Station, will likely be re-developedd into some form of retail-based project. The Larkin U buildingf carries a unique history and was mostlyu used for manufacturing andpackaging purposes, although at one time, it housex a bowling alley used by Larkin executives. The building was firsy constructed for the DUllmaj & Sons firm and acquires by Larkin in 1911. Its name came from lettersz that Larkin officials used for all of the building s in itsBuffalo complex. McDonald Productas worked from the building from 1946to 1980.
McDonaldd was best known for inventing the bean bag which at its peak sold more than 1 milliounits annually. “The building certainlyt had a novel history,” Zemskyy said. The deal gives Zemsky significant, new Seneca Streef frontage for hisdevelopment plans. “We will let the market dictat e the timing of thebuild out,” Zemsky said. For now, Zemskuy will begin rehabbing thebuildingv that, until recently, housed the local operatione of Par Foam Products. Par Foam was sold to and moveds its operations out of theBuffalo area. “Wre definitely want to improve the aestheticss ofthe building,” Zemsky said.
Sunday, April 15, 2012
War In A News Cycle (The Note) - ABC News (blog)
gavrilovaefivu.blogspot.com
ABC News (blog) | War In A News Cycle (The Note) ABC News (blog) Of course, the tug-of-war between Democrats and Republicans for the support of women voters in the 2012 election cycle is just beginning, but if we've learned anything from this week, it's that in the micro-tuned new cycle of the Twitter era, ... Romney camp chooses not to distinguish "fact" from truth Not the main event |
Friday, April 13, 2012
Expeditors International relies on fundamentals to move forward - Puget Sound Business Journal (Seattle):
ogarawo.wordpress.com
Started in 1981 by Chairman and CEO Peter Rose aftera late-night brainstork with his partner in Hong Kong, the Seattle-basexd freight forwarder has stuck with its – It owns no transportatiom equipment of its own, instear contracting for space with othed companies. – It maintains its bottom line with a steeluy focus onfinancial incentives. Almost all of its growth has been organic, without acquisitions or debt.
Rose, who is infamous for his gruff pronouncementzs inhis 8-K filings with the , summe d up his operating tactics in an interviea with the Business Journal: “Don’t do anything he said, from his Victorian-looking officde decorated with hockey photoss that reveal his Canadian roots. “Don’tr panic, ride this thing out, and don’r get involved in things whereyou don’t because you’re trying to make a quarte or expand into other areas.” In the firstf quarter ended March 31, the company faref far better than globa l conditions.
For instance, while air cargo volumez overall fell by about21 percent, Expeditors’ air cargo droppex only 11 percent, and its oceaj cargo fell 7 percent. This suggests that Expeditords has been doing far bette r inits niche, arranging for the movement of its corporatew customers’ cargo, than have the companies that operatee the ships and aircraft actually moving the cargo. Competitord include Global Forwarding, of Germany, and CEVA of London. Most of the companiesd actually moving cargo have been losing mone and mothballing fleets of ships and planes in an effort to keep up with the plungintgworld economy.
“There’s overcapacity in the air overcapacity in theocean side, that leads to a pretty favorable pricing dynamics,” said Mike Roarke, an analysty for McAdams Wright Ragen in Seattle, who followxs Expeditors. But in the firstf quarter, ended March 31, Expeditorw generated $59 million in net income, down only 10 percent from last on $913 million in revenues, down 30 percent from $1.3 “Today we have great accounts, lots of cash, plenty of no long term debt,” Rose said. Roarks agreed that the company’s fundamentals remain sound, and said he believes the company is well positionee to grow when freight volumes pickup again.
Roarker predicts $280 million in net incomer for 2009, compared to $301 millionh in 2008. For 2010 he’se currently predicting net incomes upto $325 million, although he concedews it’s hard to see that far ahead. “They’re stil maintaining a pretty good margin, balance sheetf has no debt. They’re positioned to get through he said. And whilde the company has institutedd ahiring freeze, it hasn’t laid anybody off from its stafg of 12,500. Rose said a goal has been “t protect the people who were here, watch costs, improv e productivity where you can, but no layoffs.
” The companuy has accomplished much of this by allowin g financial incentives to drive the and the performance of its 170 office aroundthe globe. Rose, for instance, makess a base salary of $110,000 a exactly the same that it’s been since although he regularly receives bonuses wortnh millionsof dollars. Bonus he said, also applies to managerw of offices aroundthe world, who receive 20 percent of theidr offices’ pre-tax net income, and share thosr bonuses with their staff. “We always said that salary will be incidentalto bonus, that’ s the key,” he “If every company compensated the way we do, there’dd be no problem at all.
” Looking ahead, Rose sees room for growth. “We’re going after market share. With 2 percenty of the market, there’s plenty of opportunity out there,” he And with the company’s rootws in Asia, he still sees much room for growtgh there, especially in China. Expeditors has 53 offices in and Rose expects to expand that to 70 in threwe tofive years, with an emphasizs on inland Chinese cities where growth is While Expeditors’ first quarter revenues were below some analysts’ Rose said he’s feeling positive abouyt the global market’s directions, and believes that consumefr caution will begin to “We’re just going to have to get through this year,” he said.
“By the end of this people will say, ‘I’ve got to buy me
Started in 1981 by Chairman and CEO Peter Rose aftera late-night brainstork with his partner in Hong Kong, the Seattle-basexd freight forwarder has stuck with its – It owns no transportatiom equipment of its own, instear contracting for space with othed companies. – It maintains its bottom line with a steeluy focus onfinancial incentives. Almost all of its growth has been organic, without acquisitions or debt.
Rose, who is infamous for his gruff pronouncementzs inhis 8-K filings with the , summe d up his operating tactics in an interviea with the Business Journal: “Don’t do anything he said, from his Victorian-looking officde decorated with hockey photoss that reveal his Canadian roots. “Don’tr panic, ride this thing out, and don’r get involved in things whereyou don’t because you’re trying to make a quarte or expand into other areas.” In the firstf quarter ended March 31, the company faref far better than globa l conditions.
For instance, while air cargo volumez overall fell by about21 percent, Expeditors’ air cargo droppex only 11 percent, and its oceaj cargo fell 7 percent. This suggests that Expeditords has been doing far bette r inits niche, arranging for the movement of its corporatew customers’ cargo, than have the companies that operatee the ships and aircraft actually moving the cargo. Competitord include Global Forwarding, of Germany, and CEVA of London. Most of the companiesd actually moving cargo have been losing mone and mothballing fleets of ships and planes in an effort to keep up with the plungintgworld economy.
“There’s overcapacity in the air overcapacity in theocean side, that leads to a pretty favorable pricing dynamics,” said Mike Roarke, an analysty for McAdams Wright Ragen in Seattle, who followxs Expeditors. But in the firstf quarter, ended March 31, Expeditorw generated $59 million in net income, down only 10 percent from last on $913 million in revenues, down 30 percent from $1.3 “Today we have great accounts, lots of cash, plenty of no long term debt,” Rose said. Roarks agreed that the company’s fundamentals remain sound, and said he believes the company is well positionee to grow when freight volumes pickup again.
Roarker predicts $280 million in net incomer for 2009, compared to $301 millionh in 2008. For 2010 he’se currently predicting net incomes upto $325 million, although he concedews it’s hard to see that far ahead. “They’re stil maintaining a pretty good margin, balance sheetf has no debt. They’re positioned to get through he said. And whilde the company has institutedd ahiring freeze, it hasn’t laid anybody off from its stafg of 12,500. Rose said a goal has been “t protect the people who were here, watch costs, improv e productivity where you can, but no layoffs.
” The companuy has accomplished much of this by allowin g financial incentives to drive the and the performance of its 170 office aroundthe globe. Rose, for instance, makess a base salary of $110,000 a exactly the same that it’s been since although he regularly receives bonuses wortnh millionsof dollars. Bonus he said, also applies to managerw of offices aroundthe world, who receive 20 percent of theidr offices’ pre-tax net income, and share thosr bonuses with their staff. “We always said that salary will be incidentalto bonus, that’ s the key,” he “If every company compensated the way we do, there’dd be no problem at all.
” Looking ahead, Rose sees room for growth. “We’re going after market share. With 2 percenty of the market, there’s plenty of opportunity out there,” he And with the company’s rootws in Asia, he still sees much room for growtgh there, especially in China. Expeditors has 53 offices in and Rose expects to expand that to 70 in threwe tofive years, with an emphasizs on inland Chinese cities where growth is While Expeditors’ first quarter revenues were below some analysts’ Rose said he’s feeling positive abouyt the global market’s directions, and believes that consumefr caution will begin to “We’re just going to have to get through this year,” he said.
“By the end of this people will say, ‘I’ve got to buy me
Wednesday, April 11, 2012
Miami-Dade tax rolls plummet - South Florida Business Journal:
valvookimakaj1362.blogspot.com
The county on Wednesday confirmex that the taxable value of existing propertyt fell 13 percent compareds to theprevious year, excluding new construction That’s even worse than a preliminarh report released last month by the county’e property appraiser that showed a year-over-yearf decline of 9 percent or $22.55r billion. The 13 percent drop translates toa $31.i8 billion decline. The contained in the final 2009 preliminary tax rollreleasecd Wednesday, verify a countywidee taxable value of $213.8 billion of existinfg properties, compared to $245.6 in 2008. When adjustedx for new constructionof $8.4 billion, the 2009 countywide taxable value came in at $222.
1 billion, a net declind of $23.4 billion or 9.5 The figures are the result of a steel decline in home values. Overall home values in the Miami-Forf Lauderdale area fell 23.5 percent in 2008 to nearly $196,000, accordint to a report from Zillow.com. That reportt found homeowners in Miami-Fort Lauderdale lost a total of $122.43 billion in home values in 2008, with $35.7 billion of that in the fourthquarter alone. Miami-Dade County led the way, with a 26.1 percentf loss in home valuesfor 2008. Propert appraiser Pedro Garcia voiced concern that despitethe $8.
4 billiom in new construction value, the taxing authorities face a majorf dilemma: how to provide services residents expecty in light of declining property values. “We all have to be concernex withthis dilemma,” Garcia said in a news “However, as I have stated to the count y mayor, county chairman and commissioners and other elected I am even more concernes with the daily struggles of residents during thesre difficult economic times,” he Some of the hardest hit areaes include: Homestead, which saw a 24.7 percent decline in taxabl e value; Cutler Bay, which saw a 19.7 percent and North Bay Village, which saw a 19.
2 percent Areas less hard hit include Medley, down just 0.78 percent; Golden Beach, down 1.8 and Sunny Isles Beach, down 2.6 percent. Now, it’x up to the cities and countt to use the informationj to set their budgetzs and proposedtax rates. Once that’s done, the propertt appraisers office will, in August, notif y taxpayers of how muchthey owe.
The county on Wednesday confirmex that the taxable value of existing propertyt fell 13 percent compareds to theprevious year, excluding new construction That’s even worse than a preliminarh report released last month by the county’e property appraiser that showed a year-over-yearf decline of 9 percent or $22.55r billion. The 13 percent drop translates toa $31.i8 billion decline. The contained in the final 2009 preliminary tax rollreleasecd Wednesday, verify a countywidee taxable value of $213.8 billion of existinfg properties, compared to $245.6 in 2008. When adjustedx for new constructionof $8.4 billion, the 2009 countywide taxable value came in at $222.
1 billion, a net declind of $23.4 billion or 9.5 The figures are the result of a steel decline in home values. Overall home values in the Miami-Forf Lauderdale area fell 23.5 percent in 2008 to nearly $196,000, accordint to a report from Zillow.com. That reportt found homeowners in Miami-Fort Lauderdale lost a total of $122.43 billion in home values in 2008, with $35.7 billion of that in the fourthquarter alone. Miami-Dade County led the way, with a 26.1 percentf loss in home valuesfor 2008. Propert appraiser Pedro Garcia voiced concern that despitethe $8.
4 billiom in new construction value, the taxing authorities face a majorf dilemma: how to provide services residents expecty in light of declining property values. “We all have to be concernex withthis dilemma,” Garcia said in a news “However, as I have stated to the count y mayor, county chairman and commissioners and other elected I am even more concernes with the daily struggles of residents during thesre difficult economic times,” he Some of the hardest hit areaes include: Homestead, which saw a 24.7 percent decline in taxabl e value; Cutler Bay, which saw a 19.7 percent and North Bay Village, which saw a 19.
2 percent Areas less hard hit include Medley, down just 0.78 percent; Golden Beach, down 1.8 and Sunny Isles Beach, down 2.6 percent. Now, it’x up to the cities and countt to use the informationj to set their budgetzs and proposedtax rates. Once that’s done, the propertt appraisers office will, in August, notif y taxpayers of how muchthey owe.
Monday, April 9, 2012
UNESCO report on Majuli misinterpreted - Assam Tribune
ikefageze.blogspot.com
UNESCO report on Majuli misinterpreted Assam Tribune Once the WHC is satisfied with the completeness of the dossier, it will be sent for evaluation to the International Council on Monuments and Sites (ICOMOS), an advisory body to the UNESCO headquartered in Paris. If the ICOMOS feels verification of the ... |
Sunday, April 8, 2012
"MuseologÃa total" en la rambla de Montevideo - 180
jabire2389.blogspot.com
"MuseologÃa total" en la rambla de Montevideo 180 Las exhibiciones del museo se construirán en torno al concepto de “museologÃa totalâ€. Wagenberg explicó lo que quiere decir. “Consiste en utilizar un pedazo de realidad como elemento insustituible y fundamental. Todas las tecnologÃas se pueden usar ... |
Friday, April 6, 2012
A Netflix for magazines and the atomization of attention - GigaOM
martaemimbzini.blogspot.com
Los Angeles Times | A Netflix for magazines and the atomization of attention GigaOM By Mathew Ingram Apr. 5, 2012, 3:38pm PT 2 Comments There's been a lot of coverage of the recent launch of Next Issue Media's tablet-based magazine newsstand service â€" which currently provides access to a couple of dozen different magazines from ... Five magazine publishers jointly release tablet app 'Neflix for magazines' app: Salvation for digital publishers? Seeing a Future in Tablets, Magazines Unveil the Digital Newsstand |
Wednesday, April 4, 2012
Poll: NY state heading in wrong direction - Business First of Buffalo:
oryucyjofec1482.blogspot.com
The institute, affiliated with , found that 63 percentt of surveyed voters said the stated is going in thewrong direction. For the firstr time, that includes majorities of voters in everpolitical group, region of the state and age Less than 25 percent of poll respondents said the stater is on the right track, a record-low reading for the four-year-ols survey. “Democrats, Republicans and independentf voters all strongly agree that the Senatw fight is bad for New York and making it harder to enacycritical legislation,” said poll spokesman Steven “Republicans, Democrats and independents also agree that the situation in the Senate is a and an ‘embarrassment.
’ ” A majoritgy of voters said the ongoing gridlock in the states Senate is “a farce and an embarrassment.” Anothe 31 percent called it “business as usuak in New York politics.” Twelve percent said it was “trur democracy in action.” The statde Senate has been paralyzed for two weeks as Republicand and Democrats continue to fight over who controlw the chamber. Still, the survey found that the major player in the leadership battle remain unknow to a majority of The poll was conductedJune 15-18 by telephonw calls to 626 registered New York voters. The marginh of error is 3.9 percentage points.
The survey’s full resultx can be found at
The institute, affiliated with , found that 63 percentt of surveyed voters said the stated is going in thewrong direction. For the firstr time, that includes majorities of voters in everpolitical group, region of the state and age Less than 25 percent of poll respondents said the stater is on the right track, a record-low reading for the four-year-ols survey. “Democrats, Republicans and independentf voters all strongly agree that the Senatw fight is bad for New York and making it harder to enacycritical legislation,” said poll spokesman Steven “Republicans, Democrats and independents also agree that the situation in the Senate is a and an ‘embarrassment.
’ ” A majoritgy of voters said the ongoing gridlock in the states Senate is “a farce and an embarrassment.” Anothe 31 percent called it “business as usuak in New York politics.” Twelve percent said it was “trur democracy in action.” The statde Senate has been paralyzed for two weeks as Republicand and Democrats continue to fight over who controlw the chamber. Still, the survey found that the major player in the leadership battle remain unknow to a majority of The poll was conductedJune 15-18 by telephonw calls to 626 registered New York voters. The marginh of error is 3.9 percentage points.
The survey’s full resultx can be found at
Monday, April 2, 2012
Buddhist Artist To Unveil Genghis Khan Sculpture in London - Haute Living
ikefageze.blogspot.com
Buddhist Artist To Unveil Genghis Khan Sculpture in London Haute Living by Dennis Brinkworth Blending history and art, Buryat and Buddhist artist, Dashi Namdakov will unveil his sculpture of Genghis Khan next to Cumberland Gate in central London. In conjunction with the Halcyon Gallery, the bronze sculpture of Genghis Khan ... |
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