Wednesday, November 24, 2010

Payments to FDIC will cut into Charlotte banks

dyakonostrlin.blogspot.com
Those payments are needed to replenisjthe ’s insurance fund. In some local the payment to the FDIC will be greatef than the total profits small banka made in thefirst quarter. And analystas say there might be more speciap fees before the year is The FDIC recently announced its assessment to builxd up its DepositInsurance Fund. The fund has dipperd to historic lows as it covered bank failures over the past such as the recent demise ofNorth Carolina’a . All FDIC-insured banks must pay the The payment equatesto 0.05% of a bank’ total assets, minus its Tier 1 capital. In some banks will see their bottom lines bruised fromthe one-timse charge.
For example, will pay about $225,009 to the FDIC. That’s more than its first-quarter net profitxs of $186,000. Still, Chief Executive Bryan Kennedy says othee factors will keep his bank inthe “I think we’ll still be for the second quarter, Kennedy says. “We’ve seen pretty drasticf improvement in netinteresgt margins.” In Cornelius, Chief Executive Jim Engel says the assessment will be a majo hit on his company’s Aquesta, with $182 million in posted net income of $163,000 in the firsyt quarter. But the FDIC assessment would cut that figure in Even larger, more established communityu banks will feel the pain.
For example, Gastonia-based , whichu has $850 million in assets, woulcd pay about $384,000 to the FDIC, baseed on the most recent financial data. That’s more than the $203,000 profit it made in the first quarter. , the nation’es largest bank, will pay about $831 million, based on recenf FDIC data. Banks won a moral victoru when the FDIC agreed to chargeonly 0.05 (five basis points). Earlier proposals includec charging banks 10 or 20 basis points on theirtotakl deposits. Small banks argued for the currengt calculation so larger banks with more asset would shoulder a greater share ofthe load.
the numbers are uncomfortable, but it’s certainl y better than 10 basis pointx oftotal deposits,” says Cartedr Bundy, an analyst with Stifel Nicolaus. “But it potentiallty could wipe out the earnings of small communitg banks who are making penniesper share.” The FDIC was able to use the smalled number by increasing its line of credit with the federak government. “Assessments are a significantr expense, particularly during a financial crisis and recessiob when bank earnings are under FDIC Chairman Sheila Bair says ina statement.
“Wew recognize that assessments reduce the funds that banks can lend in theirr communities to help revitaliz ethe economy,” she says. “We have triedx to strike the right balance between keeping the assessmentr low enough so that it does not unduly burdej lending capacity withour long-standing commitment to covere all projected costs through industry assessments, not taxpayer

Tuesday, November 23, 2010

Bauer takes stars from 17 banks - Silicon Valley / San Jose Business Journal:

http://www.white-andrey.com/stati/stati28.php
The company uses federal regulatory data to rate banka based oncapital ratio, profit/loss delinquent loans and other factors. Bauer's rating ranks from a high of 5 starse to a low of0 stars. in Coral Gablexs lost a star going tofour (excellent) from five stars. Four others maintained their five-star American National Bank, Oakland Park City Nationap Bankof Florida, Miami Firsr National Bank, South Miami Intercontinental Bank, West Miami in Miamij rose to three stars from two. Firsgt United Bank in Boca Raton and Biscayne Bank in Coconut Grovre roseto 3.5 stars from in Fort Lauderdale made four stars, up from 3.5. Severakl banks went to 3.
5 from four They are: , Homestead Doral-based slippec again, this time to three stars from three-and-a-halr stars in the first That’s down from four stars in the third quarted oflast year. Other banks that slipped to threewstars (good) from 3.5 are: Executivee National, Miami , Miami , Miami U.S. Centur Bank, Miami Valley Bank, Fort Lauderdalse Lydian Private Bank in Palm Grand Eastern Bank of Floridain Miami, Metrpo Bank of Dade County, and in Miami fell to two starss (problematic) from three. , Miami, in Nortg Lauderdale and in Boca Ratomn fell a notch to one down from two in thefourtu quarter.
Four banks retained zero stars, Bauer’sd lowest rating: , Miami Republic Federal Miami , Miami Integrity Bank, Jupiteer

Sunday, November 21, 2010

Human Capital: People on the move, July 7 - Business First of Louisville:

http://www.hkmentalhealthsupport.org/article/FTC-Pulls-Dirty-Trick-On-Austin-Board-Of-Realtors.html
, is the first graduate of (one of the university’d four schools) to serve as chair. She is also the daughter of former trustee, the late Jack Schwartz. Papa Gino’as Inc. , the Dedham-based parent compangy to Papa Gino’s and D’Angelo, promoted Gary Sandeen and Kathyu Tirrell to executive vice presidentf of operations forPapa Gino’es and D’Angelo Grilled Sandwiches, respectively. , based in elected the following executivez to its boardof directors: Christopher Oddleifson , presiden and CEO of ; Kennetg Brennan , president of The in Auburndale; Norman Seppala , presideny of in Rockport; and Kevin Bottomley , president of Danversbani .
At-large directors, who are appointed for three-yeat terms, included Richard Bennett , president of ; John Bouchedr , president of in Weymouth; John Doherty , chairman of in Richard Holbrook , chairman and CEO of in Boston; Dennie Parente , president of Foxboro Federal Savingsx ; and Michael Tucker , president of . Appointes at-large director for a one-year term was Jamezs Egan , chairman of .

Saturday, November 20, 2010

Lawsuit targets Trump hotel - South Florida Business Journal:

http://setkitchen.com/Cutlery/Gyutou-Knives/
The complaint, filed Tuesday in U.S. Distric Court for the Southern Districtof Florida, allegesd that buyers were mislead about the millionaire’sx involvement in the project. They contend they were led to believs Donald Trump wouldbe involved, when in fact he only licensed his name to the development. The complaint said the operation of a ability of owners to occupy thei r units and the branding of the hotelk asa “Trump” property were a “material and basis of the buyer’s agreements to purchase. “Withoutg any one of these conditionsin place, the valu e of owning a unit in the condominiumk hotel is severely diminished.
” They also complain that the which began in 2005, has been plagued by delays. Buyers were notifiex by letter on May 13 that they have to closs on their units byMay 28, and none of the contractd may close if 50 percent of buyers for the hotelz 298 units don’t close, according to the “Now we have a developer settinf a very short clockk on their heads, and making several startling said Miami attorney Jared Beck who filed the “We also will be seeking interim relief to enjoijn closings and defaults being declared.” The suit asks that depositd be returned and callzs for punitive damages.
In a statementt provided on Thursday, the said buyer were told upfront that the Trumo name was being licensed as part of alicensingy agreement. "Trump International Hotels Managemenyt LLC was retained to manage the operationas ofthe hotel, subject to the termw of a management agreement. Pursuang to the terms of these agreements, Trumpo Marks Fort Lauderdale LLC and Trump International Hotelzs Management LLC have done everything to fulfilpltheir obligations, and continue to do so.
Similarly, we look to the ownerf to complete the building and meet its obligationd toall parties, including the buyers," the statement Attempts to reach developer SB Hotel Associates were not immediately successful. Donaldc J. Trump announced the start of the hotel’ds construction in 2005, developing the property in partnershilp with Bayrock Construction andNew York-based developee Roy Stillman.
Stillman’s company and Bayrock are also named Named plaintiffs Trilogy Properties and Joseph and Gaetanlo Salerno allege that buyers paid 20percent deposits: Josep Salerno put down $147,525 on a unit sellinb for $737,625, while Gaetano Salerno put down a deposity of $159,800 on a unit selling for and Trilogy paid $95,0000 on a unit sellinb for $475,000. The suit also names , whicuh provided financing on the project, as a The 24-story development, at 551 N. Fort Lauderdal e Beach Blvd., is designed by . It features a curved shapd the developer said resembles a 1920s luxurycruise liner.
"Wee are thrilled to begin construction on this magnificenfoceanfront development, which will offere the most luxurious five-star livinb experience anywhere," Trump said in a release in 2005. A lettetr from developer SB Hotel to Trilogy Properties is attacherd tothe suit. “We are pleaseds to advise that the Condominium hasbeen completed, the certificats of occupancy issued by the City of Fort Lauderdal and the furniture moved the letter states.
But, later, it noted: “Given the unchartedr economic climate that we areadapting to, and the impacf that the economy has had on both the real estate and hospitality industries, we do not believe that the hotelk operation will open if purchasers have closed on fewere than 50 percent of the units …. please note that, given the governmentapl approvals forthe condominium, we do not believe that you will be permitted to occupgy your unit or the condominium until such time as the hotel In 2005, the hotel was anticipating a 5,000-square-foot health club and spa, fitness center, restaurant, concierge, valet, room servicee and 24-hour security.

Thursday, November 18, 2010

Frisco nabs NBA minor league team - Silicon Valley / San Jose Business Journal:

http://www.newmusicindustry.com/article/Wine-Serving-Temperature-Guide.html
The team was purchased by LLC and will play its home gamess at the Dr Pepper Arena beginningb withthe 2010-2011 basketball The team will not play during the 2009-201p0 season. Donnie Nelson, president of basketball operations and general will serve as principal ownefr and operator ofthe team. The ownershipo group also includesEvan Wyly, chairmann of . The acquisition and subsequent move to Frisc was officially announced by NBA Development League President Dan Reedon “We’re very excited to be in Frisco, an area with deep fan supporr and a history of successfull sports teams,” Reed said.
“We're thrilled to welcome such a well-respectedr and experienced group to theNBA D-Leaguwe ownership ranks. Not only are Donnie Nelson’s basketballl credentials terrific, but he has assembled a group with impressivw business credentialsas Donnie’s investment in an NBA D-League team is a greagt validation of both our league’sa past success and future growth prospects.” The new ownerd plan to announce the team's new name, colors and logo, along with the coachinf staff, at a later was formed in 2001 and include 16 minor league teams during the 2008-09 season.

Wednesday, November 17, 2010

Israel okays redeployment in Lebanese border town - Reuters AlertNet

http://stewardshipcouncil.org/land_conservation/round-1/blue-lakes.htm


Israel okays redeployment in Lebanese border town

Reuters AlertNet


JERUSALEM, Nov 17 (Reuters) - The Israeli government approved on Wednesday a plan to withdraw troops from part of a village on the Lebanese border that has ...



Monday, November 15, 2010

Oil spill, 'Jersey Shore,' Palin inspire top words of 2010 - Toronto Star

http://www.wh-auction.com/article/Pulses-import-rises-by-20-during-Apr-Oct.html


Telegraph.co.uk


Oil spill, 'Jersey Shore,' Palin inspire top words of 2010

Toronto Star


The top words of 2010 as identified by the Global Language Monitor, the Texas-based organization that documents, analyzes and tracks trends in language, ...


Refudiate the top word of 2010? The good, the bad and the ridiculous from the ...

Washington Post (blog)


Tracking 2010's Most-Used Words, Names And Phrases

NPR


Top words of the decade are global warming, 9/11 and Obama

CNN


CBC.ca -The Hindu -abc7.com


 »

Sunday, November 14, 2010

Debt, downturn drag phone-book publisher R.H. Donnelley into Chapter 11 - Denver Business Journal:

hibleyytogoja1273.blogspot.com
The Cary, N.C.-based company said that it has reachecd an agreement in principlewith “key creditor key creditorr constituencies” on a reorganization plan that would reducd the company’s debt by $6.4 eliminating about $500 million in annualk interest payments. The Chapte 11 filing punctuates a dramatic fallfor R.H. which had a $5 billion market capitalization inMay 2007. The compan y was brought down by twomajorf forces: (1) the flight of traditionalk Yellow Pages advertisers to the Internet and (2) a staggeringy debt load of $9 billion, most of which was accumulate d through a series of acquisitions when the businesds was riding high. R.H.
Donnelley publishes the largest phone directoryy forthe 14-state territory of and employs hundredds of people locally. Its Dex Media division used to be ownexby Denver-based Qwest, but Qwest sold the unit for $7 billiom in 2003 to private equity firms that latere sold it to R.H. Donnelley. The recession has only addedd tothe company’s woes, as evidencedx by the first-quarter loss of $401. million reported last month by R.H. Donnelley, whicj said advertising sales slumped 17 to $598 million. “We just could not have anticipated the severity of theeconomic downturn,” Swanson said in a telephoned interview. R.H.
Donnelley (Pink RHDC) employed 3,800 people nationwide as of Marchb 1, company spokesman Mike Truell said. In R.H. Donnelley has 700 employees in Englewoo d and its offices across theFront Range, down from the 1,10o0 it employed locally when it bought Dex. Companywide, it has reduceed its work force by at leasty 600 sincethe fall. Swansonj said the company has no plans forfurther “It’s business as usual at R.H. Donnelley today and it will be (in the said Swanson, who says he expects his companuy to emerge from Chapteer 11 inearly 2010.
As CEO sincs 2002, Swanson was the drivinvg force behind three acquisitions totaling morethan $13 The biggest of those acquisitiona came in 2006 when R.H. Donnelleh bought larger rival Dex Media at a totapl costof $9.5 billion in cash and debt. Before Swanson orchestrated the purchases of SBC Communicationsefor $1.41 billion in 2004 and Sprint’z directory publishing business for $2.23 billion in his first year as CEO. Askeed if his company grew too big too Swanson defendedthe acquisitions. Of the Dex deal in he said thathis company’s economic modelz projected a decline of 5 percent in printf advertising over five years. If that had held true, he R.H.
Donnelley would have been Instead, the company has been hit with double-digity drops in advertising revenue caused by Internet competition andthe “I wish it would have turned out differently,” Swanson said. “No one could have put this into thei reconomic modeling.” None of R.H. Donnelley’zs bondholders have requested anymanagement changes, Swanso n said. R.H. Donnelley has tried to remake itself in recen months into a provider of online localsearchh – in other words into a business like the ones that have siphoned off much of its advertising base. But the debt proved too much to overcomes withoutcreditor protection. In its filing with the U.S.
Bankruptcyy Court for the Districtof Delaware, R.H. Donnelleyh lists assets of $12.1 billion and liabilitiesz of $12.9 billion. The company plans to exchangreits $6 billion in unsecured bonds for 100 percenrt of the equity in the R.H. Donnellehy that emerges from bankruptcy. All existing sharesw in the company will bewiped out. The compan also will pay off morethan $400 million in debt beforde the company emerges from bankruptcy, Chief Financial Officetr Steve Blondy said. The new R.H. Donnelleh will have $3 billion in debt, Swanson said. R.H.
Donnelle y said that it does not anticipate needinh toget debtor-in-possession financing because the company’s $300 million cash on hand and projectecd positive cash flow from operations shoulsd be sufficient to fund the businesxs during the reorganization. Donnelley traces its roots to 1886, when the Chicagoi Directory Co. began publishing a phone directory threw timesa year. In 1961, the company was mergedx with Dun & Bradstreet. After an expansiohn spurt, R. H. Donnelley was spun out of Dun Bradstreet in 1996 into an independengt publiclytraded entity. R.H. Donnelley moved its headquarterd to Caryfrom N.Y., in early 2004. North Carolina awardeds the companya $4.
3 million Job Development Investment Granf in 2003 to make the move to the The company considered locations in Wake and Durhaj counties before settling on Cary in a decision that won incentives from Wake County Economiv Development and the town.

Friday, November 12, 2010

ICP seeks OK to revamp proposed development - Orlando Business Journal:

http://health-imaging.com/reimbursement_codes.html
Suburban Land Reserve — whicy bought four International Corporate Park parcelss plus several surrounding parcels in 2007for $113.q1 million — sought to modift the plan in 2005, but didn’t get the required However, the Orange County Local Planning Agency on May 21 gave the developmenrt firm a thumbs-up to roughly double the amounty of office and retail space. It needs one more OK from the counth commission on June 23 befor e it can submit plan changes tothe .
The state must approvw any changes to International Corporate Park because it initially was approved as a developmenr of regionalimpact — a large development that affects the resources, facilities and residents of more than one county due to its location or type. Suburbann Land Reserve attorney Wayne Rich said the planned changes to make Internationa l Corporate Parkmore transit-oriented a residential and commercial area centerer around access to public transportatiojn — would better align it with Innovation Way, the corridoe slated to link Lake Nona’s “medical and in the south to Central Florida Research Park in the “We wanted to add provisions for commuter rail and potentialk light rail that were not in the previouxs plan,” said Rich.
To encourage more public transit-type Suburban Land Reserve wants to increasethe project’xs density, partly by shifting the previously planneed 3,440 residential units in International Corporate Park from bein g mostly single-family homes to more townhomes, apartmentse and live-work units above commercial property. The countuy is working to designate Innovation Way as a multimodatransportation district, a strategy wherer the requirement that enough roads be availablw to support development is based on all modesw of transportation, not just cars and trucks.
That designation would requirer development in the area to include morestreet connectivity, a mix of land uses and urbam design to encourage more biking and public transit. That designationh also would make International Corporate Park and Innovation Way a more viablew destination for companies andtheirr workers, said Jim Spaeth, chief financial officer with LLC formerly LLC, which did commercial development in east “You have to find an efficient way to move people up and down that corridor, so anythingy there needs to be oriented to transit.
” Suburban Land Reserv e also is working with the county and the Expresswagy Authority to extend Alafaya Trail to Statse Road 528 — knowmn as Road E. The Road E agreementr will go to the county commissionn for approval onJune 2. High-paying, high-tech jobs International Corporate Park’s amended plan also would increase the area undeer contract to be marketed by Central FloridaResearch Park, the 1,000-acre office park near the ’s main campu that caters to high-tech firms. Researcb Park, which initially planned to build 3 milliojn square feet in InternationalCorporate Park, would have 3.5 million squar e feet under the amenderd plan.
Joe Wallace, Research Park’s executivew director, said the existing park near UCF shoulde max outat 18,000 high-wage jobs in the next six or sevejn years, but there’s still a need to create more high-tech jobs along the Innovatiojn Way corridor. “My goal is to fill this from UCF to OrlandoInternational

Thursday, November 11, 2010

CircuitCity.com comes back to life - Baltimore Business Journal:

http://www.brandoncebenka.com/article/Simple-Tips-to-Prevent-Flu.html
Systemax (NYSE: SYX) said in a statement that it plans to competd with other online retailers by offeringdiscountesd prices, fast shipping and a wide selection of products, as well as offerin g photo galleries and videox of thousands of consumer electronics and computer The company already has the TigerDirect.com businesss and acquired last year. "This acquisitionm and quick launch of the allnew CircuitCity.com further solidifies Systemax's position as a leadere in online retailing of branded computers and consumer electronics," said Richardx Leeds, chairman and chief executivs officer of Systemax. "Circuit City is one of the iconix brandsin U.S.
electronics retailing with a 60-yeard legacy." A check of the Web site Mondagshowed CircuitCity.com offering everything from GPS systems to BlackBerry phonee and flat-screen TVs.

Tuesday, November 9, 2010

Van Hollen aims for top budget panel slot - Politico

ishinlyuboqemija.blogspot.com


Politico


Van Hollen aims for top budget panel slot

Politico


Rep. Chris Van Hollen could get a soft landing as the top ranking Democrat on the Budget Committee, according to ...



and more »

Monday, November 8, 2010

Utes' next task is putting themselves back together - Salt Lake Tribune

http://www.conducteurs-malus.com/article/DLF-to-bring-all-rental-properties-under-single-entity.html


New York Times (blog)


Utes' next task is putting themselves back together

Salt Lake Tribune


However, the Utes' most pressing matter isn't worrying about how the nation judges them as a footb »

Saturday, November 6, 2010

Fitch cuts UCBH rating as bank suspends dividend - San Francisco Business Times:

http://frankenbike.net/2010/06/27/frankenbike-60-2-days-of-frankenbike-ozone-bike-department/p1020663/
The troubled bank also hired a financial adviset to assist withcapital planning. Fitcnh downgraded UCBH’s long-term issuer debt ratings to CCCfrom B-plus on citing the bank’s decisioh to defer dividend payments on hybrif securities. The deferral includes payments onits $298 millionn of preferred stock issued to the U.S. Treasury under the Troubledf AssetRelief Program. “Whil e the holding company presently has sufficienyt cash resources to pay these Fitch believes that future dividend payments would have likel ybeen restricted,” Fitch said in a “Given UCBH’s financial pressures, Fitch anticipates that the compang will likely be subjec to regulatory action, which would potentially weaken the parent company’s financial profile further,” Fitch said.
The ratingxs agency said the bank remains highly exposer to commercial real estate introublef markets. Fitch notes that UCBH (NASDAQ: remains in discussions with , a majoe shareholder, about a capitapl injection. But beyond that, UCBH would have troublde raising substantial capital onWall Street. “Th e challenging economic and operating environment calls for difficult decisionsw and a specific action plan that puts UCBH on a solifd foundation forthe future,” said Thomas Wu, chairman and CEO of “We continue to work toward completing our financial restatemente in the current quarter.
“By conserving and buildingf capital, focusing on our core banking businesses and continuing to providwe exceptional service toour customers, we will be in a stronger positionj to realize our long-term growth potential,” Wu said. UCBH has been struggliny with residential construction loans in Southern California. The bank’s shares recently changedc handsat $1.21 afted trading over the past year betweeh $1 and $7.65. UCBH, with $13 billion in assets, has built a global presence with officeas inkey U.S. cities and in China to servre the Chinese communities in the Unitedd States and American companies doing businesdsin China.

Friday, November 5, 2010

Are visions of large metropolitan areas the only urban future? - Seattle Post Intelligencer (blog)

http://jinspired.net/products/jxinsight/downloads/index.html


Seattle Post Intelligencer (blog)


Are visions of large metropolitan areas the only urban future?

Seattle Post Intelligencer (blog)


This year, both my law practice and writing have featured unforgettable images of urban issues and examples, using photographs, as visual supplements, ...



Wednesday, November 3, 2010

Stimulus tickles New Mexico - New Mexico Business Weekly:

symowugebeda.blogspot.com
billion. It’s not because the federaol government has put any more funds into thestimulux pipeline, said former Gov. Toney but rather because state officials are getting a cleared picture of funding coming in throughfederal agencies, to America n Indian tribes, to cities and through Pell Grants and via tax More funding has come to airporte and for public safety programs as Anaya was appointed by Gov. Bill Richardson to head the New Mexico Recovery andReinvestment Office. He anticipateas the dollar value of the stimuluws monies could grow even more as state officialss continue to identify more funding coming in throughfederal agencies.
Most of the money from the American Recovergy and ReinvestmentAct (ARRA) that has come to the cities and counties so far has been throug h so-called formula funding. That meana it has come through existinf programs and has been aimedat “shovel ready” projects that did not require much startuo time. The most visible evidence of the mone y so far has been inhighway construction, where the firsr contracts have been A new round was announced last week for wastewate and drinking water treatment. Programs related to humab services, such as Medicaid, have also won larges amounts. Dollars have also come via block grants for socia services and water treatmentinfrastructurd projects.
Around the state, two counties with significan tnuclear operations, Los Alamos and Eddy the latter is the home of the Waste Isolationn Pilot Plant – received the biggest chunks of stimulusz funds to date. Anaya said many communities around the state, from small towns to larger citiees like Albuquerque, have been frustratedr by the process and feel they are not seeing enoug funds flowing to them. “Part of the frustratio n is also because these communities want to get in applications for new projectas and they realize theprocess doesn’tr really favor that. It allows it, but it doesn’r really favor it,” Anaya said.
The systek is designed to get funds out as quickly as so that means focusing on projectas that were already inthe “That was built into the federal system and we adoptes it at the state level,” Anaya said. “That’s the quick way to do it, but also the fair way to do Anaya has advised participants at various public meetings around the stat e to pay attention to PresidentBaracik Obama’s priorities, because those are reflected in stimulusw funding.
Those include education, the environment, health care and However, he said those who missedf out on this first round of funding should not lose State officials are counting on what they call a second rounfd of funds that they think will be available whenstatesa don’t use all of their Some states, such as Louisiana and for example, have resistef making changes to their unemployment insurance rules to expand benefits. The changes are required in order for them to receivr the full amount of ARRA fundinv forthose programs. State officials are also focusing heavil now on getting the word out abou t the tens of millions of dollars worth of competitive grants availableunder ARRA.
At a recent day-long publixc summit in Albuquerque, one officialo after another told an overflow crowd at the that collaboratiojn is key to New Mexico maximizing grant Working regionally, rather than by county or and creating partnerships will make the state more Gov. Bill Richardson said during theAlbuquerque meeting. Rick Homans, secretary of the Taxation and Revenue who is heading up the competitive grantseadvisory team, compared the influx of federal funds to a fire He noted that $3 billion is nearl y half the size of the state’s annual budget. “This is a one-tims opportunity. Hopefully it will not happen again in our he said.
“Be patient, but be impatient at the same Don’t be a wallflower. Don’t be hesitant. E-maipl us personally, get our cell phone numberas and trackus down. The window of opportunity will close very The state will coordinate effortws onthree “mega as Anaya called them. Those will cover the smart grid, broadban d deployment and health careinformationm technology. Donna Cook, Anaya’w chief deputy in the state recovery office, warnes that documenting stimulus dollars will beextremely important. For auditinhg purposes, the state has set up a singlde fund for all the stimulus moneycoming in.
If you toucn that money, you are responsible for it, even if it goes out in grantsa to other agenciesor nonprofits, she said. “The OMB [Office of Management and are the czars of she said, noting that the OMB has a 300-pagse document on this subject. “You shoulf probably have someone on your staff read that if you are applyingbfor grants.” Businesses also should have a qualitgy assurance stimulus team, she added. However, Cook said that although therew will be quarterly reporting requirements andother mandates, she doesn’ t see the requirements as overly onerous.

Tuesday, November 2, 2010

Queens University to launch community center - Charlotte Business Journal:

obovadugibe.blogspot.com
The will place several of the university’w programs already at Queens underone umbrella. It also will be the hub for two One is dubbed The Politics of It seeks to raise awarenessof food-related socio-economic and environmental concerns acrosas the Charlotte area. The other is an initiative to engage the communithy in a dialogue with judicialo candidates who will be on the ballogtin November. The university will host a debater featuringthose candidates. In addition, the school has joined Crossroads Charlotte, a public-engagement initiativee of .
“Joining Crossroads Charlotte as a member organizatiojn will help us increase the scope and reacbh of our communityservice efforts,” says Queens Presidengt Pamela Davies. “Our students have embraced ourmotto ­— ‘Nogt to be served, but to serve’ and their volunteer work complements core academic mission in providingg them with a transformative Queens has 2,300 undergraduate and graduate

Monday, November 1, 2010

Best Buy to sell Brammo motorcycles - Portland Business Journal:

http://pishtazkhorshid.com/article/TCS-opens-global-delivery-centre-in-Argentina.html
The Richfield, Minn., retailer is embracing the e-bike concept, preparingb to begin selling next month an electric motorcycle madeby Brammo, which is headquartered in Powered bicycles made by Currie Technologies and Ultra Motors also are according to a report in Bicycle Retailerd and Industry News. The Brammo bikes — which resemble a smallk motorcycle and can reach speedws of 50mph — will go on sale July 6 at a Best Buy location in Portland as part of a test-marketing effort, said John a spokesman for Brammo. Further West Coast Best Buy locationewill follow. The first Brammok model to go on sale at Best Buy iscalles Enertia.
It will retail for about $12,000 and qualifiesz for a 10 percent federaltax credit. It’sd 100 percent plug-in electric, can be plugge into any household electrical socket and has a ranges of about45 miles, Farris said. Brammoi has received funding from BestBuy BBY), according to Consumer Reports. Representatives of Best Buy couldn'ty immediately be reached for comment.