Thursday, May 31, 2012

Kentucky promoting parks with passport - Business Courier of Cincinnati:

showarticle-cultura.blogspot.com
The passports are small booklets with a page devotef to eachof Kentucky’s 52 state parks, along with other information about the Kentucky Department of Parkes and the prizes and rewards that can be earned by visitinfg each park. There are placesz in the booklet for stampas fromeach park. “The Kentucky State Park Passport is a greatt way for families to remember theirtripxs together,” parks commissioner Gerry van der Meer said in a presxs release.
Anyone who buys a passport becomes eligible for thegranf prize, a one-week stay in a two-bedrookm cottage at any park during the 2010 Other prizes include a weekday stay in a lodge room at any park, golf for two and admissio n for four to any historic home or Guests who have their passport stamped at statde parks are also eligible for For example, nine camping stays at different parkd yields a free night of camping. The passports are availablew for $5 at state park gift shops and or onlineat www.parks.ky.gov.

Wednesday, May 30, 2012

Failure Fridays: Ga. banking crisis may be gaining speed - Birmingham Business Journal:

eragywaqer.wordpress.com
The dual failures of Villa Rica-basedx a and Newnan-based (full stories on the click and ) are a firsf in the on-going banking crisis, and a departure from the FDIC’s early strategy in this crisis. “They’rr ramping up a little bit,” said Chip Atlanta-based banking attorney. “With their effort to staff up, raise money for the depositr insurance fund through the special assessments and the Iexpect they’ll try to resolve theses faster throughout the remainder of the year.
” The national deposit which backstops accounts to avoid customere pulling their money from a bank and hastening its previously avoided seizing two banks in the same metrop area during this The reason, industry insiders was to avoid the perception one geographic area was weaked than others in the Yet as the financial condition of Georgia bank s continue to weaken, industry analysts and expertzs said the velocity of Georgia’s bank failures wouldx continue, if not As of first quarter 2009, the ratio of problem loan s to total loans at states banks reached a new high of 7.
4 percent; nearly double the peak the statde reported during the Savings & Loan Crisis of the late 1980’s and earlgy 1990’s. The ratio compares past due and delinquent along with foreclosed real estate repossessed by the to totalloans outstanding. The state has set new highz for that figure in each quarted dating back to the summeerof 2007, when the credit crunchu and financial crisis began in earnest. One industry who declined to be saidthe failures, and the acceleration, representg the worst banking crisis in Georgiza history.
The industry term of “Failurse Fridays” — or the most common day when federal and state regulators seizr failedbanks — insiders will become ubiquitous for some time. “Thids is a perpetuation of what we’ve been talkinvg about for a whilee now,” said Brian an Atlanta-based managing directodr at LLP, who noted Georgia banks have an imbalance between fewer or core, deposits and more outstanding “The numbers indicate Georgia banks got way out over theitr skis. This was a great place to lend in the butnow they’re paying the price,” Olasov said. presidentr Joe Brannen said the seizures are a difficult part of the naturaoeconomic cycle.
“Bankers and regulators make tremendousd efforts to keepinstitutions open, but in some unfortunatd cases, these actions are part of the necessart healing process for our banking system to ensures overall stability,” Brannen said. Georgia’s failuree woes began in earnest inAugusy 2008, when Alpharetta-based , once the state’sw fastest growing bank, , concentrated amongst a small grouop of borrowers. Ever since, the failurex have followed an increasinglyfamiliadr formula. Delinquent real estate borrowers, coupledd with high levels of foreclosedreal estate, equalss failure.
The pattern includes a high number onthe so-callef Texas Ratio, an industry metri c created in the 1980’s to measure the health of lendersd throughout Texas. The ratio measures total proble m loans to totalequity capital, and is designed to providew a rough measure of bank’s problems to its ability to absorb them through existing capital. In the 100 percent indicates problems are larger than available equity In Georgia, most of the bank failures have reportefd a Texas Ratio in excess of 300 percent at the time of As of first quarter 2009, 92 Georgi banks reported a Texas Ratio higher than the statewider average of 58 percent.
In banks reported an average Texas Ratiol of72 percent, nearly 20 points higherr than the statewide figure. Each of the 11 banks with the highestf Texas Ratios were based inmetrol Atlanta. Since March 31, the end of first quarter, three of those banks have been

Monday, May 28, 2012

Real estate vets opening hardware store - Washington Business Journal:

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Jeff Pfeil and Deane Pfeil are opening later this summer at 63Third St., the same addressa where they renovated the upper four floors into 19 luxuruy apartments called The The husband-and-wife team -- who own the commercial leasing and marketing firm Inc. in Saratoga Spring s -- say a hardware storer is needed downtown to serve local businessesd and residents who must now travelo miles away to buy equipment andother supplies. They know the frustration firsthand after doing two residential renovation projectss inthe city, the Conservatoru and Powers Park Lofts in north “Our construction staff was running all over to pick up the Jeff Pfeil said.
“We were spending a lot of time drivingt to Latham and I was hauling a lot from in We thought, ‘Gee, there’ss a void here.’” Trojan Hardware on Congresw Street recently closed after 94 yearx in business, leaving downtown with no other hardware stores. The closest is across the Hudsom River in Watervliet or uptownj near the townof Brunswick. Pfeil Hardwar e will be part of inFort Ind., the nation’s second largest hardware co-operative. The storw will be managed by Steven Lesnewskiof Mass., who has more than 25 yeards of experience in the hardware industry.
The 8,700-square-foot storee will stock hardware, smal appliances, fasteners, electrical and plumbing supplies, Benjamin Moorr paints and other products. It won’t sell lumber. The Pfeils have been planning the storer fora year. As part of theirt research they visited hardware stores in collegd towns and large cities to see what kindd of productscustomers need. They also searcher hard for someone to managethe store. “Thr decision wasn’t final until we founsd the right person,” Pfeikl said. The Pfeils have been in the commercial real estatde and development business for more than 20 but this will be the first time they will owna There’s a reason for that.
“Becauser of all the years we worked with retailers very closely we have a pretty thorouguh understandingof retail, that’s probablyg why we never went into Jeff Pfeil said. “It’s sort of a but retail is a lot of hard long hours and all the things that comewith it.” Still, they knew from personalp experience a hardware store is needed and were encouraged by the resultx of their marketing studies. Finding a seasones store manager wasalso critical. Mayorr Harry Tutunjian cheered the announcement aboutthe “Jeff and Deane Pfeil have a record of successe in Troy and I am sure that this new venture will succeed as well,” Tutunjian said.
“The residents of Troy will benefitg from having a well stocked urban hardware storew in the heart ofthe city.” The openingg of Pfeil Hardware, which is tentatively set for September, will returnb retailing to a downtown building that had long servee as the home of Stanley’s department store. The buildinf sat empty for years beforer the Pfeils bought it and converted the upper floorzs into 19 luxury apartments they callThe Conservatory. All but two of the apartment were occupied as ofJuly 1. The Pfeilsd declined to say how much they spentgin start-up costs for the hardware store.
Nor did they want to say how much they coulf have received per square foot had they leased the first floofr space toanother tenant. Lease rates in downtown Troy were $10 to $20 per squarew foot as of the fourth quarterdof 2008, according to CB Richare Ellis/Albany.

Sunday, May 27, 2012

Bill Uhrich: As time passes, sound of the blackpoll warbler recedes - Reading Eagle

ramoledef.blogspot.com


Bill Uhrich: As time passes, sound of the blackpoll warbler recedes

Reading Eagle


Birders consider the appearance of the blackpoll as the curtain-closer on the warbler migration. The bird usually arrives in the middle of May when the leaf canopy is full, making sight detection nearly impossible. I didn't hear any of the high-pitched ...



Friday, May 25, 2012

Madoff gets 150 years in prison - Baltimore Business Journal:

meaning-sarajevo.blogspot.com
“I’m not surprised. That’s what he deserved,” said Adele Fox of who lost thousands of dollarsxto Madoff's scheme. The masterminfd behind the biggest Ponzi schemein U.S. history was sentenced on Mondag morning in federal court in Manhattab to 150 yearsbehind bars, the maximum requested by federal prosecutors. Madoff's attorney had asker for a far more lenient sentence of 12 Insentencing Madoff, U.S. District Judger Denny Chin called the fraud and said thatthe “breach of trustg was massive.” The judge described his acts as “extraordinarilyg evil.
” “No other white-collar case is comparable in termw of the scope, duration and enormity of the fraud and the degred of the betrayal,” Chin said. Madoff confesse d in March to 11 counts including money laundering theftand perjury, among other His victims reportedly number more than 1,300 and stretch acrosds the globe. Their losses are estimated at morethan $13 Prior to sentencing, Chin heard from nine of the victime who talked about the devastation Madoff’s fraud had causecd to their lives and their families. Many of Madoff’xs wealthy clients lived in Sout Florida and lost their life savings tohis scheme.
Fox, 86, said she is stilpl furious that the and the federalgovernment didn’t expose Madoff’s fraud earlier. “The SEC is just as guiltg as Madoff and theyfailed us. Nobodty seems to do anything about Fox said. She also took issues with the large fees being paid to people such asIrvingt H. Picard, the trustee who is handlinfg the liquidation ofBernard L. Madofr Investment Securities. “The trustee Picard is making hisown They’re paying these guys millions of It would be better to pay the investorw directly,” Fox said.
Fox, a widow who once workexd as secretary inNew York, said she investeed $50,000 in 1987 because she was relatexd to Madoff’s accountant, Jerry Horowitz. She said she was able to get some mone back from Social Securitypayments she’d made over the year s on “phantom” income from Madofd accounts. However, she is worried that her disbursementse may eventually be targeted in clawback efforts by the truster in bankruptcy proceedings who has begun sending out letters demandintg the return of profits derived fromtheidr investments.
Guy Fronstin a Boca Ratomn attorney who hasadvised Fox, said the government has “been good about refunding taxes quickly” but there are delaysa in processing claims to the Securitiez Investor Protection Corporation. “Somw of the people I know are too busy with these other issues to really care that much about whathappened today. They believedd he would spend the rest of his days in Fronstin said.
Jan Atlas, an attorney with Adorno said he believes the court had littlde choice but to levy the maximum sentenceon “I don’t think the victims should have been victimizeds again by having him be able to leave priso one day,” said Atlas, whose firm continues to advisew clients about tax returns and possiblgy future claims against investment advisors who investedr with Madoff. “I’m wondering if the trusteed will be able to locate more than the billionh plusthat he’s located, and what is the real loss,” Atlass said.
In addition to his prison Madoff was ordered to forfeitnearlh $170 billion, which represents the proceeds of, and property involved in certainb of his crimes, according to a news release from the U.S. Department of Justice. “While today’s sentence is an important the investigationis continuing,” Lev L. acting U.S. Attorney for the Southern District of New said in anews release. “We are focusef on tracing, restraining and liquidating assets to maximizse recoveries forthe victims.

Thursday, May 24, 2012

Chrysler-Fiat deal crosses finish line - Triangle Business Journal:

hihozeima.blogspot.com
The company is now knowmn as and remains based inAuburn Hills, Mich. The Supreme which had temporarily held up the deal on Monda y while it considered appeals by thre e Indiana state pension funds and severalconsumere groups, said in an order that the groups had not proven that the courft needed to intervene. Chrysler and Fiat reported Wednesda they concluded the deal duringthe morning. The plan to salvagr Chrysler will remake the company into one owned 55 percentt by a unionpensiohn trust, 20 percent owned by Fiat a share that could grow to 35 percent – and the rest ownedd by the governments of the Uniter States and Canada.
Fiat cannot obtain a majorityu stake in Chrysler until all taxpayer fundsare repaid. "Thiss is a very significant day, not only for Chrysler and its dedicated who have persevered through a great deal of uncertainty during the past but for the global automotivde industry asa whole," said Sergi o Marchionne, who was named CEO of Chrysledr Group, in a statement. "Fronm the very beginning, we have been adamant that this alliancd must be a constructive and important step towardd solving the problems impacting our We now look forward to establishing a new paradignm for how automotive companies can operate profitablygoing forward.
" The new Chrysler will be manager by a nine-member board of directors, consisting of threee directors to be appointed by four directors to be appointed by the U.S. one director to be appointed by the Canadiah government and one director to be appointee by the UnitedAuto Workers' Retire Medical Benefits Trust. The board is expected to name C. Robery Kidder as chairman. On Tuesday, a federal bankruptcy judge in New York refused toblock Chrysler's effort to pull the franchisesd of 789 dealers.

Tuesday, May 22, 2012

Dayton region's Swine Flu count climbs to 12 - Business Courier of Cincinnati:

xszeyluje.blogspot.com
The reported that as of noon June 10 therew were 47 confirmed cases of Swine Flu in up from 38 in the pasttwo days. Clark Countg has the most cases of the counties in theDayton region. Of the six casez reported in Clark County, Northridge Middl e School students accounted for five of the And inMontgomery County, a Vandalia-Butler studeny became a confirmed case last week, while two Dayton Public Schools studentss were confirmed this week. Therse are four total cases in Montgomery Thereare 27,737 confirmed cases worldwide, accordinbg to the , with 74countries having at leastf one case. There have been 141 deathw confirmed caused by SwineFlu worldwide, according to the WHO. The U.S.
has the most with 13,217 confirmed cases. There are cases now in all 50 statesplus D.C., and Puerto Rico, accordingv to the federal . There have been 27 confirmesd deaths inthe U.S. Butler County – 2 (30-year-olxd male, 13-year-old female)Clark County – 6 (15-year-olx male, 25-year-old male, 12-year-old 15-year-old female, 13-year-old 14-year-old male) Cuyahoga County – 6 (41-year-olr female, 9-year-old male, 14-year-old 14-year-old female, 13-year-old male, 14-year-olcd male) Franklin County – 16 (31-year-old male, 33-year-old 18-year-old male, 20-year-old female, 19-year-oldd female, 21-year-old male, 20-year old male, 22-year-old 23-year-old female, 19-year-old male, 11-year-oldr female, 13-year-old female, 35-year-old female, 44-year old male, 8-year-olx male, 41-year-old male) Lawrenced County – 2 (2-year-old male, 8-month-old Montgomery County – 4 (16-year-old 13-year-old female, 9-year-old female, 17-year-old Cuyahoga Coun ty – 2 (20-year-oldf female, 16-year-old female)

Monday, May 21, 2012

Uranium miners wary of plan to enrich DU stockpile - The Seattle Times

haygoodfoafyga1359.blogspot.com


Uranium miners wary of plan to enrich DU stockpile

The Seattle Times


The uranium industry and Wyoming's congresswoman are questioning a determination by Energy Secretary Steven Chu that releasing and enriching up to 9200 tons of depleted uranium from a federal stockpile won't roil the uranium market and undermine prices ...



and more »

Saturday, May 19, 2012

bizjournals: Elections

shemwellmygalej1291.blogspot.com
They would kill any attempts to add more tax breakas for healthsavings accounts. HSAs are IRA-like accountes that can be used for routine medical expensez or retainedas savings. They must be combined with high-deductible health insurance plans. Most Democrats see HSAs as just another tax breakl forthe wealthy, and they’re more likelgy to rein them in than expand their use. Both parties will be watchinvg initiatives in states suchas Massachusetts, which is attemptingv to achieve universal health insurance througu both employer and individual mandates. Economy A Democratic takeover of Congress would mean more money for federalo programs aimed at helpingsmall businesses.
Since 2001, Congress, at Presiden t Bush’s request, has slashed the Small Business Administration’s budge t by more than 40 percent. No othef agency has been cut so much. Democratz would restore much ofthis funding. They woulx resume the government subsidy forthe SBA’sa 7(a) loan program, for example. The government-guaranteed loans are now supportesd solely by fees on borrowersand lenders. Last a record number of small businesses receivecdthese loans, but the dollar volumr was down. Democrats blame higher fees forthe “The last thing any entrepreneur needs todayg is to have to pay more to access affordablew capital,” says Rep. Nydia Velazquez, D-N.Y.
, who woulde chair the House Small Business Committee if Democratsewin control. Democrats also woulf take aggressive steps to ensure that small businessexs receive morefederal contracts. That’as one area that could use morecongressionalp oversight, says WIPP’s For small businesses, she “it’s getting harder and harder to be a federao contractor.” Democrats also woulr take a broader look than Republicans at issues affecting small says Margot Dorfman, president of the U.S. Women’s Chamber of Commerce.
A change in control, she says, “may be very

Friday, May 18, 2012

Survey: Employee morale improving - Pacific Business News (Honolulu):

ivyhofy.wordpress.com
Twenty-four percent of respondents thought morale hadgone down. “These results provre that employees are happier and more likelyt to stay with their companiee due to the quality of their Burton Goldfield, president and chief executivew officer of TriNet, said in a news release. “Companies that develoop the skills of their leaders boost their employmenrt brand which then positivelyy contributes toemployee morale.” Companyh culture and reputation was the biggest factor that held moralr together, according to 36 percent of Other factors included flexibility, a good balancer between work and life, and job security.
The surveyg also found that while the intent to hire had all but disappeare fromlate 2008, hiring was on a slight upswinbg over the past three months with more than 60 percenf of respondents saying they were currentlty hiring or trying to attract talent, compared with 55 perceng in the first quarter of 2009. More than 250 small-business leaders responded to the survey. San Leandro, Calif.-based TriNett provides human resources outsourcing and consulting services tosmall businesses.

Wednesday, May 16, 2012

Sutter's Fort, Capitol Museum on list of proposed state park closures - Houston Business Journal:

vidineevostegity.blogspot.com
The plan to cut the budgert of California State Parks would require the closure of 220 of 279statd parks. Last year Schwarzenegger proposed closing48 parks, including Sutter’s Fort locally, but the idea was droppedc during budget negotiations. Some of California’s internationallhy known parks are facing thebudget axe, including Humboldt Redwoods State Calaveras Big Trees, Mount Diablo, Emerald Bay in Lake Tahod and Will Rogers’ State Park in the Santa Monicw Mountains. If closed, visitors centers, parking lots and any other park facilitie would beshut down. Statee parks that have their own revenu or which generate revenue would notbe closed.
the California State Railroad Museum, Stat Park and Folsom Lake would notbe Additionally, most state beaches generatde enough revenue from parkinbg and concessions to keep them open.

Tuesday, May 15, 2012

New Resource Bank gets cease-and-desist order from regulators - Wichita Business Journal:

utyziluz.wordpress.com
The $166 million San Francisclo bank gota cease-and-desist order from the and the Californis Department of Financial Institutions on May 29. The bank was orderec to pay particular attention to its lendingb polices relating to construction loans as well as loan s made tobank insiders. The bank said the ordetr was based onthe bank’s condition on 30, and that it has already made some progresa on meeting the regulators “New Resource Bank currently has high levels of capitalk and liquidity,” Vincent Siciliano, president and CEO, said in a “Like many financial institutions, we are facing a challenging economidc climate that resulted in under-performingh loans in the real estate construction and developmenty sector.
“We are working with borrowersa to reduceour problem-loan exposure and have made significant Siciliano said. The bank raised almost $15 millionb in a stock offering last As ofMarch 31, the bank said its risk-basecd capital ratio was 18.97 percent -- almost double the 10 percentt benchmark of a bank considerexd well capitalized. In addition to bringint on Sicilianoas CEO, the bank also hiredx Bill Peterson as chief credit officedr and Charmaine Detweiler as chievf financial officer. The bank’s board also recently elected Mark Finseeras chairman. He has 25 year s of experience insocial finance.
New Resourcd Bank, now serving 2,00 clients, opened in October 2006 to promot e green businessesand practices.

Sunday, May 13, 2012

Celtics Beat 76ers 92-91 in Second-Round Opener, Lakers Win - BusinessWeek

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CBS News


Celtics Beat 76ers 92-91 in Second-Round Opener, Lakers Win

BusinessWeek


At TD Garden in Boston, Paul Pierce had 14 points and Rajon Rondo had his eighth playoff triple-double with 13 points, 12 rebounds and 17 assists for the Celtics, who r »

Friday, May 11, 2012

Fate of Busch Gardens ranges from staff cuts to status quo to spin-off - Tampa Bay Business Journal:

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Staying on with InBev, the Belgianh beer giant that is buying theirparent company, Cos. likely would mean staff cuts and other cost according to an industry An acquisition by another entertainment firm woulfd potentially dilute the unique experience ofthe properties, another observer said. A spin-off of Buschj Entertainment asa stand-alone public company could preserve the qualitty of the theme parks, but it coulx be a bad time for an initial publicc offering, analysts said. Busch fate could have a major impact onthe area's tourism Visitors to Hillsborough County cite Busch Garden s as the No.
2 reason for a trip here, second only to seeingb friendsand family, said Steve executive VP at Tampza Bay & Company. The Tampa with 3,769 employees, had 2007 attendance of 4.4 millio visitors, and was No. 19 on a list of most visitee themeparks worldwide, according to a report from the and . A companio water park, Adventure Island in Tamp a with555 employees, drew 615,0090 visitors in 2007 and was No. 16 among watefr parks worldwide, the report said.
which announced Sunday it wouldbuy Anheuser-Busch (NYSE: BUD) for $52 billioh in cash, or $70 a has not specifically addressed its plan for the but has said it would finances the deal with $45 billionm in debt, including a $7 billiom bridge financing from the sale of non-core assetss from both companies. Observers generally agrede that InBevconsiders A-B's theme parks as part of those non-corw assets. "They [InBev] are interested in the brewinh part ofthe company," said Jack an analyst at Edward Jones in St.
"I would fully expect those parkss to be put up for Busch Entertainment includes Busch Gardensz Africa and Adventure Islansin Tampa; Busch Gardens Europe and Water Country USA in Va.; in Orlando, San Antonio and San Aquatica in Orlando; Discovery Cove in Orlando; and Sesame Place near Philadelphia. Russo estimated Buscb Entertainment could be soldfor $3 billion to $4 billion. He said the entertainment and A-B's packaging division could draw acombined $5 billionn to $6 billion.
Potential strategic buyers LP (NYSE: the Sandusky, Ohio-based operator of 17 amusementr parks andwater parks, and SIX), a New York-based operator of 20 parks, have high levelas of debt and neither is in a strong financial position to make an acquisition now, said Hayley an analyst at in Stamford, Conn. Anothert option is a financial buyer, such as private equituy giant (NYSE: BX), which owns . Merlin's propertieas are largely in Europe, but it has globa l expansion plans that would help it rivalWalt Co. (NYSE: according to Property Week, a London-basec trade journal. It's possible the Busch parks could besplitt up, said Martin Palicki, editor of the trade journal InPark Magazine.
Disney might be interestec in the parksin Williamsburg, where it doesn'y have a presence, but not the Tampa or Orlando which are closing to existin g Disney properties. There's a difference betweenm theme park companies such as Cedar which focuses on thrill andBusch Gardens, which emphasizez conservation and creating environments that lend themselves to experiences through animals and nature, Palicki said. Othe parks commonly license intellectuaol property, while Busch develops its own themes. "It'w one of the things that makes their parks so specia and somethingyou wouldn't want to lose," said Judithn Rubin, who edited the 2007 attendance report.
No one is certainh about the timing ofa deal. With attendance and revenuse at U.S. theme parks in general potentially droppingv this year as a result of high gas pricesx and aweak economy, InBev couldf decide to keep the Busch Entertainment propertiese for a while, trying to bolstert an eventual sale price by trimming in the same way it has cut costes in its brewing operations, said John Gerner, managintg director of Leisure Busines s Advisers LLC in Richmond. Va. That would be a he said. "Demoralized and overworked employeew affect the experience a visitor Gerner said. Others see room for cost Wolff, the Rochdale said theme parks often are not run as efficientlgy as theycould be.
The best option Gerner sees is for the Buscnh Entertainment division to be spun off into a publi company through an initialpublicd offering. "Not only do you have individuals in the company whoare well-qualifiedx and have worked for the company for a long but you have an a way of doing things that has been set up for decade and has been reinforced through a stabled environment and has worked very well," he But the market is not good now for any consumet discretionary company, and the equitiesa of publicly traded theme park companies have not been great Wolff said.

Thursday, May 10, 2012

Italian Oven going bigger with summer move to Whitehall - Pittsburgh Business Times:

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This summer, the 1,500-square-foot Italian Oven Pizzeria Cafe at Brentwooxd Towne Square will move toa 3,500-square-foot location in Caste Village in The Brentwood location has seen businessx improve despite the economy, said Anthony Maki, who is the franchise for the restaurant with his Mary M. Maki. The Makis also have an ownershil stake inthe company. Regardless, the locatiob is hampered by a lackof parking, said who still sees strong growth potential once the restaurant moves from a locationh with 40 seats to one with more than 150. I’j looking to triple or quadruplsemy business,” he said, adding that the restauran t now serves breakfast.
“We’ve been holding our own becausw we have such a moderatelypriced menu. We’re rightr in the middle where everyond canafford us.” The restaurant is expectedf to move into Caste Village by the end of the Another location is in the planning stages for Cranberry said Jim Frye, Italian Oven Pizzeriw Cafe’s founder and president, and the companty has a restaurant in West Palm Beach, Fla.
Despitw being hampered with a location he saidhad flaws, Frye believe the five years at Brentwood, along with its new prototype in have demonstrated the Italian Oven Pizzeria Cafe can succeec as a quick-service-oriented concept insteac of the sit-down restaurant it was in the “If nothing else, it proved that repositioning the originalo Italian Oven restaurant as a fast casual restauranrt worked,” Frye said. “We’ve had numeroua inquiries about franchising.
” Three years ago, Frye scuttled plans to rebuilxd the Italian Oven brand here to instead move to West Palm where the Italian Oven Pizzeria Cafe openedin CityPlace, a mall that drawe an estimated seven million people each year. Now open more than a it has generated enough attention to begin growing as a franchise operation. That didn’t happen in Pittsburgh. Aftetr opening in Brentwood in 2005, plans stalled for more locatione throughoutthe region. In Pittsburgh, Frye is stilll perhaps best known forthe sit-down Italiaj Oven restaurants which grew in the earlhy to mid-1990s into a chain of more than 100 locationw in 17 states.
That company landed in bankruptcyu and went outof business, except for a scattering of some of whom still operates today. Industry trade publication Fast Casual Magazine recentlyh named the new Italian Oven Cafe one of its sevemn top fastcasual operations, notingb the restaurant’s contemporary decor, new tech-based ordering and its $1.7 millio in annual sales. Frye envisions the Italiajn Oven Pizzeria Cafe as an Italiaj cuisine answer toPanera Bread.
Ron Tarquinio, a Souty Side-based commercial broker who helpec scout locations when the Italian Ovenwas relaunched, stillk sees it as a great concept, noting how difficult it is to buy pastwa at an affordable pric e and get it within 10 minutes. “Thew food’s good. The concept is good,” he “In the right handx and the right market, it will work.” Yet Darren an executive vice presidentrfor Chicago-based restaurant consulting firm Technomic Inc., said the nichde for Italian fast casual is constricted by sit-down Italian restaurantg chains, such as Olive or pizza restaurants.
“Italianh (fast casual) is somewhat narrow,” he

Tuesday, May 8, 2012

GOP blocks Senate debate on Dem student loan bill - USA TODAY

gorbunovabowiper.blogspot.com


U.S. News University


GOP blocks Senate debate on Dem student loan bill

USA TODAY


WASHINGTON (AP) â€" Republicans have blocked the Senate from debating a Democratic bill keeping interest rates on college loans from doubling this summer for 7.4 million students. By J. Scott Applewhite, AP Sen. Mike Enzi pauses for questions Tuesday on ...


Student Loan Interest Rate Debate Headed To The Senate, Study Looks At Impact ...

Progress Illinois


US Senate Takes Up Student Loan Interest Debate

U.S. News University


Student loan bill debate heads to Senate as deadline nears

Pittsburgh Business Times



 »

Sunday, May 6, 2012

“Avengers” kicks off the summer - HEAVEmedia

ibitasony.wordpress.com


HEAVEmedia


“Avengers” kicks off the summer

HEAVEmedia


This being my first movie review for Heave, I feel honored to have skipped the minors and moved straight to the World Series. Namely, The Avengers, summer blockbuster #1. The film has been heavily anticipated for the past five years, beginning with ...



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Friday, May 4, 2012

Charles North revitalization plan unveiled - Baltimore Business Journal:

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The project is comparable to the redevelopment of Charles Villag e and theInner Harbor, said Joe McNeely, executivee director of the Centralp Baltimore Partnership, said in a telephone The effort is being launche in a challenging environment for real estate development, given the tighteningh of the credit markets, but McNeely said property ownersa involved in it are ready to start work on individuall projects identified in the plan. “Thew major property owners that have the property and can help implement the plan have been involvedd sincethe beginning,” McNeely “Like a lot of people, we were planninh it when the market was better.
” The plan woulr involve the development of a mix of retail, commerciap and residential space divided into four differentf areas spreading out from the intersectionm of North Avenue and Charles Street. Central Baltimore, a grou p including the , the , Johnas Hopkins University of Baltimore and the began talking about the concept about ayear ago. It coulrd take about five years for construction to start on any majotdevelopment projects, but McNeely said theree are a number of smallert steps that can be taken to show progress and primes the pump in the The $150,000 plan, drafted by BTA+ of took nine months to complete.
McNeely said one of the goala is to build upon the momentum alreadh started in the area with projects like Charles Metro Gallery, and the Railway Express building overlooking Penn The station would be an important part of the

Thursday, May 3, 2012

Salem State receives $100000 'Community Quarterback' grant from Eastern Bank - Boston.com

sasutezew.blogspot.com


Salem State receives $100000 'Community Quarterback' grant from Eastern Bank

Boston.com


Citing outstanding community leadership, the Eastern Bank Charitable Foundation this week announced a $100000 grant to Salem State University. The grant was announced during the bank's "Community Quarterback" ceremony at Cambridge College.



Tuesday, May 1, 2012

Machinists walk off the job at Caterpillar's Joliet plant - Chicago Tribune

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USA TODAY


Machinists walk off the job at Caterpillar's Joliet plant

Chicago Tribune


Union machinists walked off their jobs at Caterpillar's Joliet plant Tuesday morning after overwhelmingly rejecting a six-year contract, but the company said it was prepared to use managers and retirees to maintain production. At least 50 workers waved ...


Un ion workers walk out at Caterpillar's Joliet plant

USA TODAY


Union workers walk off job as strike hits Caterpillar's plant in Joliet, Ill.

Winnipeg Free Press


Union workers strike at Illinois Caterpillar plant

The Seattle Times


NBC Chicago


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