New math, but roster still equals 18 Worcester Telegram Providence's Wyatt Smith, left, looks for the puck after a skirmish with Worcester's Jay Leach in front of Sharks goalie Alex Stalock. ... |
Sunday, October 31, 2010
New math, but roster still equals 18 - Worcester Telegram
Saturday, October 30, 2010
Education funding still falls short despite federal stimulus infusion - Philadelphia Business Journal:
That was the sentiment of an eight-member panel of education, traininbg and government experts gathered by the South Florida Businesws Journal to examine howthe $787 billion federaol stimulus package is impacting the region’s education and workforces training sectors. The panel markedc the third in theBusinessx Journal’s ongoing stimulus series, aimed at tracking and analyzingf the flow of money from the American Recoverhy and Reinvestment Act into South Florida’s Legislature was the only one nationally to requestg a federal waiver that allowed it to take money from educatiom and replace it with stimulusw dollars while other states used stimulus dollars to augment the budget.
The situation concerned paneliststate Sen. Eleanorf Sobel. “We are not starting at the startinvg line. The school district in Broward County and those throughout the state are starting behind thestarting line,” Sobel said. “They have had problems for years and they are all Veteran educatorRobert Parks, a member of the Browardf County School Board, said, “Many of the large urban districtws in the nation are afraid of one thing, whichb is basically a bait and switch with thosr dollars.” What’s even more worrisome to some experts is that the stimuluxs money will eventually run out.
“I’m reallt concerned about in three years; what’sa going to happen?” said José president of ’s North “This is a He said the college’s operating budget was cut $22 million while the stimulus money wasonly $13 million. Parks said Browards County’s school system has cut $1.4 billion from its constructionn budget in addition to furloughing 700 teacheres and51 administrators. “We’ve closed all of our school offices forthe summer. We don’t have summef school anymore,” Parks said. would have been looking at cuttinh its budget byabout $30 millionj without $12 million in stimulus funds, said Dorothy K.
Russell, the university’ds associate VP for financial affairs andbudgeft director. The university cut 30 positionsand “hard we not had the stimulus dollars it couldd have been much more severe.” George Hanbury, executiv VP and COO of , said the $1.3 billion in stimulusd funds given to the state relievedx pressure on the Legislature to further reducs support for Florida Resident Access Grants (FRAG), a key sourced of money for students, but he pointerd out that the grants used to be $3,00o0 a year for students and are now The amount is important to students, who find enrollment caps at state universities and turn to NSU and otherf private institutions.
He also said that universities are working together to apply for federaolstimulus funding. NSU has a collaborative proposall with and FAU fora $50 million researc building with wet labs, business incubator space and officesd for the U.S. Geological Survey, which is helpin g oversee Everglades restoration. “We have shovel-ready projects we have submittedd to the Governor and in the next 60 days we couldput 1,000 people to work,” Hanburh said. The competition for these typesof though, is fierce. FAU is getting about $12 milliomn in direct infusion from the federalstimuluas package, but the university also is seekin money from the for labs and instruments, Russelpl said.
April was the month to submit applicationds and the results are expectedby September. The strongest flow of so far, appears to be for programw that help the joblesx asthe state’s unemploymentt rate has hit 10.2
Thursday, October 28, 2010
Red Hat gets on Verizon Business
The Raleigh company’s Enterprise Linux application is one of two platforms onwhicu Verizon’s Computing as a or CaaS, solution will run. Microsoft Windowxs is the other Many technology companies are betting on the promis ofcloud computing, in whicn software is loaded on server that can be accessed online, or “in the clouds.” The clouds also allows companies to accesz huge amounts of server powed when they need to crunch massive amounts of Because they won’t have to spend as much money on in-hous servers, firms expect to cut costs and operate more Verizon’s CaaS solution is targeted at businesses and governmen agencies and allows firms to manage their IT resources, including network and storage.
Red Hat (NYSE: RHT) is amony the world’s leading providers of softwar and services forthe open-sourced Linux operating system. The Linux source code is open to developerd around the world toupdate – in sharp contrast to whose source code is kept secreft by Microsoft (Nasdaq: MSFT). Red Hat make s money by selling its versionwof Linux, such as Enterprisre Linux for servers, and signinf customers up for service and support plans. Verizon Businesws is a unit of telecommunicationsgiant (NYSE: VZ).
Wednesday, October 27, 2010
Fontainebleau's Soffer caught by Lehman Bros. bankruptcy - Los Angeles Business from bizjournals:
“When the retail division of the project lost access to fundingthrough Lehman, it was unable to repayg the resort for its sharwe of costs,” said Scott Baena, of Bilzin Sumbert Baena Price Axelrod, who representsa Fontainebleau Las Vegas LLC in the bankruptcy. “That put enormouws stress on theresortt entity, and that was the beginning of the Fontainebleau Las Vegas LLC and two of its affiliates file bankruptcy petitions in Miami late Tuesday.
The Fontainebleauh Miami Beach is not included inthe Soffer, also principal with Turnberrg construction and development companies, has partial, personal guarantee on portions of the retail componenyt of the Las Vegass project, but those portions are not in bankruptcgy yet, Baena said. The complesx is 70 percent completed. Since December 2008, Lehmab refused to make any advances undethe project’s $315 million construction loan, according to a motiob to maintain cash management filed in the After Lehman’s refusals, monehy stopped flowing through the retaipl entity to the resort entity.
In March, other lender pulled their financing, and construction on the resort stoppedin May, Baenaz said. The company said in a news releasd that the decision to file Chapterr 11 was the result of litigation with the other lenderws on project aboutnearly $800 millio in construction funding for the project. Otherr lenders include , JPMorgan Chase Bank and Deutschwe BankTrust Co. Americas. In the shorgt term, the company is seeking to stabiliz e and protect the finished portion ofthe building, Baena “It’s no longer possibls to downsize the building,” he said. “The 30 percent remaining construction is principalltythe interior.
We’ve got a lovelhy building waiting tobe finished.”
Monday, October 25, 2010
Childress: Favre in walking boot, has stress fracture - ProFootballTalk
TSN | Childress: Favre in walking boot, has stress fracture ProFootb » |
Sunday, October 24, 2010
HAZMAT Marines keep 3rd MAW (Fwd) airborne - DVIDS
HAZMAT Marines keep 3rd MAW (Fwd) airborne DVIDS The Marines who handle these materials work at the Hazardous Material Center at Marine Aviation Logistics Squadron 16, 3rd Marine Aircraft Wing (Forward). ... |
Friday, October 22, 2010
Shaky economy shelves Erickson Retirement Communities project - Business First of Columbus:
Last year, Erickson had reaches a deal with the Carrolll family to develop upto 2,00o0 housing units on 150 acres near Rte. 108 and Frederick Road near Ellicottg City. “It is regrettable that the current economifc conditions have caused the Carroll family and Ericksonj Retirement Communities to agree that now is not the time to move forwardc withdevelopment plans,” Erickson spokesman Mel Tansillp said in a statement. Tansil l said the Catonsville company may or may not revisir the project at alater date. The property includes the historicdDoughoregan Manor, an 18th century house and estate. It’s the latesy setback for Erickson.
The communities typically costbetweenj $200 million and $400 million to build and couldr have up to 1,500 apartments. Residents pay a one-timse deposit and monthly fee to live in anEricksonn community. For a one-bedroom unit, deposits start at $170,000p and monthly fees start at The monthly feecovers utilities, maintenance, security, cablew TV, property taxes and one meal per day. The deposit is refundable upona resident’s departure.
Thursday, October 21, 2010
Harpeth Hall teams up to create online girls school - Business Courier of Cincinnati:
The Online School for Girlse will begin offering coursesthis September, including two this fall and four in the spring 2010 semester spanning math, science and the humanities. Students at the membe r schools will take the classes and evaluate them as apilot run. One initial calculusw class will be taught by Harpeth Hall math teachefJennifer Webster. The other schoolds in the group are thein Maryland, the in Ohio and in all with tuition ranging from aboutf $20,000 to $40,000 per year. Ann the head of Harpeth Hall, says the goal of the onlin e school is to provide a rigorous education in an online setting thatis flexible, affordable and accessible to girla around the world.
She says the curriculum will be expanded incominyg years. The effort reflects how rapidly onlins education is being adopted in even the most exclusivee enclaves of private educationh as schools utilize the Internet to foster a globaol worldview in their studentz and diversify thelearning experience. More than 1 million secondaruy school students took an online course and students at 70 perceng of high schools enrollesd in one duringthe 2007-2008 school according to “K-12 Online Learning: A 2008 Follow-up of the Survey of U.S. Schoopl District Administrators.” The report also finds schools in 44 states are creatinv onlinesecondary schools.
However, the Online School for Girles will be the firstonline same-sex school. At the graduatwe level, Harvard, Duke and other exclusivs universities now offer severalspecialized master’s degrees for which the coursework can be taken mostl y online. They are aimed at professionals who wish to enhanc their credentials to advancd intheir careers. Karen Harpeth Hall’s library and informationn services director, says online education is rapidlybecomingb “a cornerstone of the educational
Tuesday, October 19, 2010
American Gaming Systems (AGS) Announces Appointment of Olaf Vancura, Ph.D., as ... - Marketwire (press release)
American Gaming Systems (AGS) Announces Appointment of Olaf Vancura, Ph.D., as ... Marketwire (press release) In his new role, Vancura will be responsible for American Gaming Systems' overall product strategy plan, including game development, operating systems, ... |
Monday, October 18, 2010
J.G. Wentworth bankruptcy plan OK
As part of the deal, J.G. Wentworth’a parent, private equity firm of New willinvest $100 million of new equithy to support ongoing operations. It will also provider as much as $35 million for the companyg to buy loans from lenders in exchang for new preferred interestws inthe company. The Bryn Mawr, Pa.-basede company sought acceptance of its plan from its lenderzs before what is calledf aprepackaged filing. More than 90 percenf of the term lenders thecompany said. J.G.
Wentwortbh said its decision to file for Chapter 11 came afteer an extensive review of alternativesa to address pressuresfrom “extremely challengingg capital markets and high borrowing costs”, and was unanimously approved by the company’es board of directors. In J.G. Wentworth laid off 120 of its 200 employeew and closed its LasVegasa office. Founded in 1991, it moveed from Philadelphia to Bryn Mawrin 2003.
Saturday, October 16, 2010
Despite losses, Clark County forges ahead - Dayton Business Journal:
Otherwise, Detrick said technologyh and aerospace companies continue to drive development in the He said the Springfield Base has talked with five differentf NATO countries to train fighteer pilots atthe base. Each country representzs about50 jobs, because of the workers neededr to maintain the fighter jets flown out of the The airbase, long protected by retired U.S. Rep. Dave will no longer have the Springfiels congressmen toprotect it, as Hobsomn retired last year. Detrick said his replacement, Rep. Stever Austria, a fellow Republican, will take time to builr himself up. Once Austria accumulates seniorityu onCapitol Hill, Detricki said he will be an effective force.
development occurring around a newhospital — set to open in 2011 in downtown Springfield will result in “more changes in Clark County than in the last 50 Detrick said. The top succesds of the countyremains , an insurancd company, which has grown from 1,50o0 employes to 1,900 in the past year. “The y are constantly hiring,” he said. However, jobs remai in demand. For example, recently openefd a call center inClarkl County, creating 30 jobs. More than 300 people applied forthe openings, Detrick said.
Friday, October 15, 2010
Wednesday, October 13, 2010
Warren Buffett sells remaining Constellation shares - Charlotte Business Journal:
Buffett, his company (NYSE: BRK.A, BRK.B), and that company’as subsidiary , are each no longe r stockholders inConstellation CEG), according to a form with the Securitieds and Exchange Commission filed Monday. They have been slowly divestinh the stock over the past weeksand months, owninhg 7.3 percent in February and 6.3 percent last The sale ends the relationship betweenb the investor and Constellation, one of two Fortune 500 companies in Baltimorer City. Iowa-based MidAmerican got a 10 percen stake in Constellation whenits $4.7 billionj bid for the companyh made in September was rejected thre months late.
That offer came after a cash crunch led to a stee declinein Constellation’s stocok price over several days and some investors feared Constellation spurned the offer in favofr of a deal to sell 49.99 percent of its nuclear businesd for $4.5 billion to Frenchg firm , which had also been in the bidding for the compan y in September. For the cancelation, Constellatiob had to pay $175 million in breakup fees and $418 million for stocks. It also had to repay a $1 billion loan from Buffettt with 14percent interest. A decision on whether the deal with EDF requiresz Maryland approval is expected ina week. The deal is expectedd to closethis fall.
Tuesday, October 12, 2010
Private View: Ai Weiwei's Sunflower Seeds - The Guardian
CBC.ca | Private View: Ai Weiwei's Sunflower Seeds The Guardian Adrian Searle takes a walk across Chinese artist Ai Weiwei's latest inst » |
Sunday, October 10, 2010
Voting begins on King Soopers contract offer - Business First of Columbus:
Voting on the five-year offer by members of United Food and Commercial Workers Local 7 will continu ethrough Wednesday. Union leaders are not making a recommendation to theitr members on thecontract offer, which the union complains would cut pensioh benefits by an average of $100,00 -- a conclusion disputed by management. “It’s a good contractg in a normal economy. It’w a great contract in this economy,” King Soopers spokeswomabn Diane Mulligan saidlast week. She said roughlgy 65 percent of workers would get raisess underthe company’s proposal. King Soopers is a Colorad o unitof Cincinnati-based (NYSE: KR).
Coloradol workers for two othet grocerychains — Pleasanton, Calif.-based SWY) and Boise, Idaho-based (privately held) — continure to negotiate separate deals with their employers. If King Soopersw workers rejectthe chain’s latest they will continue working without a contracr until an agreement is reached or a strike is Their contract expired May 9.
Saturday, October 9, 2010
Unemployment rate unchanged at 12.2 percent - Business First of Columbus:
percent, state officials said Monday. But the states added 3,600 construction jobs in June, a sign that the state’zs economy might be improving. The state normallu adds 2,000 construction jobs in The only other major sector to exceed expectation was leisureand hospitality, which addef 3,500 jobs, just above seasonal expectations. Oregom has the second-highest unemployment in the nation, behind Michigan. Oregon’ws unemployment rate is well abovethe 9.5 percent nationall unemployment rate. Also in June, manufacturing adder 1,000 jobs. The normal seasonal gain is Likewise, professional services cut 600 jobs when a gainof 1,90p0 is normal. Financial services shed 600 jobs.
The industruy normally gains 200 jobs in On Monday, officials revised the state’s May unemployment numberf down to 12.2, meaning the unemployment rate remained flat in Oregon’s unemployment rate in May was the highesgt level since the state began measuring it in 1976. More than 240,000 Oregonians were unemployedin June, up from 114,00p0 in June of last year. The state’ss unemployment rate was 5.9 percent last June. The federapl government will release updated unemployment statisticson Aug. 7. The state’a unemployment percentage reflects the number ofOregonians “actively seeking work.
” It includes workerxs receiving unemployment benefits as well as workers who have movedx to Oregon and not found a job. It also includew workers whose unemployment benefits haverun out. In order to generatw the number, the state surveys 1,000 households. Usintg federal population data, the state determines the unemploymeny percentage using amathematical formula. The federal governmen uses the same methodology to determine the nationalpunemployment percentage, but surveys 60,000 households.
Thursday, October 7, 2010
First EHR Products Certified For Meaningful Use - InformationWeek
PR.com (press release) | First EHR Products Certified For Meaningful Use InformationWeek Thirty six electronic health record products are first to be certified as capable of meeting Meaningful Use Stage 1 criteria. By Marianne Kolbasuk McGee A ... Making 'Meaningful Use' Meaningful for Patients and Health Care Providers Intivia Awarded ONC-ATCB 2011/2012 Certification as Complete EHR ONC Announces EHRs Approved for Meaningful Use |
Wednesday, October 6, 2010
Anchor Blue to close all Phoenix-area stores - Nashville Business Journal:
The Anchor Blue shops at Tempre Marketplace, Desert Ridge Marketplace in metrok Phoenix, and a location in Bullhead City are amonv 46 underperforming stores closing in 12 Closing sales are expected to start Friday and last untilo all merchandiseis sold. “These strategic storer closings will help us significantly improvse operational performance as we proactively restructuree our business to conformto today’s market,” Thomase Sands, CEO of Anchort Blue Retail Group, said in a prepared statement.
Starting as Miller's Outpost in 1972, the company changed its name to Anchor Blue in thelate Boston-based Gordon Brothers Group, a global advisory, restructurintg and investment firm specializing in the consumer products, real estate and industrial is running the closing sales on Anchor Blue’ds behalf. For more:
Monday, October 4, 2010
PG&E signs another renewable power contract - San Francisco Business Times:
The Northern California investor-owneed utility has signed another contract to buy power from a 92megawattg solar-thermal power project. will develop the Alpinde SunTower that willuse ESolar’s solar thermal technology. ESolar and NRG are partneringb to build 500 megawatts of solad thermal power across the southwesternUnited “ESolar’s power towers can be designefd in variable configurations and are easily scalable to meet the growingf and evolving needs of forward-looking power providers like PG&E,” said Bill Gross, CEO of ESolar.
Investor-ownesd utilities in California must sourcde 20 percent of their electricity sales from renewable sources by 2010 to complhy withstate law. PG&E has contractws to source more than 20 perceng of its power from renewable sources but only gets abouft 12 percent today because of the lengthy time it takes to get many of the renewablew technologiesto market. PG&E also has contracts to buy the powee producedfrom 1,300 megawatts of solafr thermal power plants from Oakland-based
Sunday, October 3, 2010
Tree of Life food distributor closing 2 sites, 41 jobs cut - The Business Review (Albany):
, based in Indiana, told the state Department of Laborf on Monday that it will clos e the two sites sometime betweenb late August andearly September. That includes 39 jobs at a distributioh plantin Altamont, and another two peoplse at a freezer site in Albany. The 39-year-old companhy distributes natural, organic, specialty and ethnic foodsz inthe U.S., the Caribbea n and Canada. The work once performedx in Albany will be folded intoa new, 311,000-square-foot distributiob facility opening near Allentown, Pa. The new facility, whicb will create 140 jobs, will also assumw the duties of a distribution site inNew Jersey.
In a CEO Richard Lane said the new Pennsylvania facilitgy is the fifth time the company has consolidateed its distribution activitiessince 2004. “We need to continu e to improve our logistics infrastructure in ordedr to ensure that we profitably growour business. Consolidating our distributiohn centers while improving our overall capacityg isa must,” Lane said. Lane said the Albanyg distribution facility willclose Aug. 31.
Friday, October 1, 2010
City police courting business community for cash to fight crime - Baltimore Business Journal:
Baltimore City Health Commissioner Joshua Sharfstein and city Policer Commissioner Frederick Bealefeld are slated to appear beforethe GBC'a board in January to make a pitch, said Donals C. Fry, GBC president. Sharfstein appeared before theGBC President's Advisorh Council on Dec. 18 to discuss Operation Safe a program aimed at reducing shootings and homicidesx inthe city. Baltimore recorded 275 homicides for the year asof Dec. 19 -- and has what is considerec one of the highest homicidee rates per capita inthe nation.
Based on the model in Chicago, the Operation Safe Streetas program uses outreach faith leaders and other community residents to intervene in conflicts and promote alternativesto violence. the mediators are ex-offenders with knowledge of the consequences. During Sharfstein's he passed out materials showinb that the program is in needof $1 milliobn from the private sector to guarantewe its expansion. GBC is willing to but at what level remainsa question, Fry said. Also up for debated is the exact program that GBC decidesto support.
"Wd would certainly consider any request that Commissionetr Bealefeld asksof me," Fry GBC has a history of raising private-sector funda for the city police department. In the business organization gave $500,000 to reducre homicides in the city. But there were not as many competingy interests atthat time. Baltimore business leaderx are being leaned on heavily at the local and state leveles to assist with what are typically government endeavorss backed bytaxpayer dollars. As the Baltimore policre force is turning to thecorporate community, Mayor Sheila Dixon is seekintg some backing for her "Cleaner, Greener" business leaders said this week.
Baltimore schools chief Andres Alonso is pursuinhg private foundationsfor $25 million to revive reform effortx and state officials are chasing investors for a $120 millionj dredging project at Seagirt Marine Terminal. "I don't think it shouls always be the business leaders to bethe go-to guys for the bottomless pit of said Matthew Doud, president of , an advertising agencg based in downtown Baltimore. "Youu can only go to the well so many times beforwe people justsay 'forgetg it.'" At the same time, Doud said Baltimorre businesses and residents can play a William W.
Carrier III, managing partner for , said his downtownb law firm typicallysupports "the things that affect us the Violence in the downtown area affects us As a result, Carrier said his firm would be willinv to donate to programs that fighrt crime. Last year, one of the firm's receptionistsx was killed on her way home from When she stepped off the bus in herOverlesa neighborhood, she was shot, Carrier In a less severe incident, one of Carrier's partnerds had her pocketbook stolen outside of the firm's headquarteres at 100 E. Pratt St.
"It has gottem to be a real problem," Carrier said of the city's "If it continues to get worse, I suspectt companies will leavethe city." Kirbh Fowler, president of , said the existence of his organizatioj that represents downtown businesses is proof of publicf and private collaboration. "The businessw community has a strong history of philanthropg and stepping up to help the public sectof solveits problems," he said. "Whiled there are limits, there's a sense that we'rde all in this together.
" Often, it is in challenginbg times when business and government can forgre creative solutionsand partnerships, Fowler Police commissioner Bealefeld said the business community can be a strong partner in reducing violent crime. Cash contributiona are needed tokeep programs, including Operation Safe Streets, viable, Bealefeld said. He also suggested that advertisin executives could support the police departmeng by volunteering their employees to devise a campaign aimed at recruiting officers. Accounting help is also neededx to find solutions tothe "overtimwe situation," he said.
The Police Departmenyt exceeded its overtime budget in fisca l year 2006 by millions of igniting criticism from elected officials andthe