Tuesday, February 26, 2013

Consumer loan delinquencies rise to record high - Philadelphia Business Journal:

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The industry group blames the record wave of job lossees as amajor factor. More than 2 million Americand lost their jobs in the first three months ofthe year. Six million have lost their jobs sincse therecession began. “Delinquencies won’tr improve until companies start hiring againj and we see a significanteconomid turnaround,” ABA chief economist James Chessejn said in a news release. The ABA defineas delinquency as a payment that is 30 days or more The composite delinquency rate among eighgt typesof closed-end installment loan categoriesa rose to 3.23 percent of all from 3.22 percent in the previous Bank card delinquencies rose to 4.75 percent of all from 4.
52 percent in the previous However, the balances on those delinquent accountas rose dramatically, to 6.6 percent of the valuer of all outstanding bank card debt – marking a new recorde – from 5.52 percent. Chessen said the unemployefd may be using bank cardd to bridge a temporartincome gap, especially with less home equity to fall back on as housinh prices continue to fall. Home equity loan delinquenciesw increasedto 3.52 percent from 3.03 percent. Propert y improvement loan delinquencies decreased to 1.46 percent from 1.75 percent. Indirect auto loan delinquencies decreasedto 3.42 percenf from 3.53 percent. Direct auto loan delinquencies increasedto 3.01 percenf from 2.
03 percent. Marine loan delinquencies decreasedto 2.04 perceny from 2.35 percent. RV loan delinquencies increasedto 1.52 percengt from 1.38 percent. Mobile home loan delinquenciezs increasedto 3.7 percent from 2.96 percent. Personal loan delinquencied increasedto 3.47 percent from 2.88

Thursday, February 21, 2013

Union extends deadline for new Safeway contract - Minneapolis / St. Paul Business Journal:

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The extension was announced late Thursday by the Unitedf Food and Commercial Workers UnionhLocal No. 7, which represents abouy 17,000 Denver-area grocery workers now negotiating new contractswith Albertson’s and . It is the third extensionh in theSafeway talks, which begabn in early April. Safeway workerz voted last month to call for a strike if but neither side has indicated that a striks is likely in thenear future. Both Albertson’s and King Sooperse workers are operating without contractsright now. Negotiation s center around the issues of pension benefitsand health-card plans.
Safeway and King Soopers have offeredpension cuts, pay raiseds for just a portion of the workerz and new preventative health-care benefits, saying that with the rise of non-unioh grocery stores, some cutbacks must be “I think this [latest extension] gives us an opportunity to continue to negotiate and really be able to tackle the tougb issues like wages and pension benefits,” said Kris Safeway’s Denver-area director of public affairs. The latest counter-proposal from Safeway workers calls for annual pay increasee of 75 cents per hour over the duratio n ofthe five-year contract, according to UFCW spokeswomah Laura Chapin.
It also seeks assurances that workers can continue receiving pension benefits at age 50 rather than having to wait untiklage 62, that current health benefitw are not decreased and that current health-care premiumws are not increased. Safeway has not made a new contract Staaf said. Sherree Carlson, a 15-year Safewahy employee from Westminster, expressed frustration over the pace of negotiationsa in a news release put out bythe “We gave you a proposal a week ago, and you keep comingt back at us with the same crumbs,” Carlsonm said. “We need a fair deal and we need to keep the work and the workerz here inour community.

Saturday, February 16, 2013

Four Points Centre lands new office tenant - Atlanta Business Chronicle:

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“We are extremely excited to sign a lease with such an outstandinv companyas THQ,” said Mark Greiner of Oxforsd Commercial, the project’s leasing firm. “This lease with THQ demonstratethat first-class office buildings continue to attract tenant interest even in challenging markets.” THQ will move into Four Pointsw this fall. Four Points Centre has 200,000 square feet of offic e space, 270,000 square feet of retail space and 550multifamilhy apartments. The development will ultimatel y have an additional 1 million square feet ofofficwe space, 250,000 square feet of retail space and a 250-roon hotel.
The new lease is significant since Four Point is in an area of Austin that has seen office vacancy rise in recent months as millionas of square feet of new product have been Four Points’ apartments do have as does its retail — includin an HEB and Target. David Kimball and Keithh Zimmerman with UGL Equi representedTHQ Inc. The development has also been awarded Gold ratinfg underthe ’s Leadership in Energy and Environmentakl Design for its core and shelll design.
“As part of Opportunity Austin, we are in constantf contact with a variet of businesses contemplating moving to or growing in Withgreater frequency, companies are seeking eco-friendly said Gary Farmer, chairmah of the Opportunity Austin economic developmenr initiative. “It’s important to have such spacereadilhy available.”

Sunday, February 10, 2013

Restricted bridge list on the rise in county - Worthington Daily Globe

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Restricted bridge list on the rise in county

Worthington Daily Globe


Most of the bridges with restricted postings are in western Nobles County, along the Kanaranzi Creek and the Little Rock River, as well as in the northeast area of the county, in Hersey and Graham Lakes townships. Schnieder said 13 of the bridges are ...



Tuesday, February 5, 2013

Cristina Kirchner is the bully of Buenos Aires. She is dreaming if she thinks ... - Telegraph.co.uk (blog)

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Telegraph.co.uk


Cristina Kirchner is the bully of Buenos Aires. She is dreaming if she thinks ...

Telegraph.co.uk (blog)


Like most bullies, Argentina's president Cristina Kirchner is full of bluster. Her foreign minister Hector Timerman is in London this week, and has issued more threats against the 3,000 Falkland Islanders, claiming that within 20 years the Island s will ...


Argentina's foreign minister: 'Falklands Islands will be ours within 20 years'

The Sun


Argentina: Falklands 'Ours In 20 Years'

Eagle Radio



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Thursday, January 31, 2013

Thursday Must Read: CHP to Keep Patrolling in Oakland; Anti-Gay Bigotry ... - East Bay Express (blog)

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East Bay Express (blog)


Thursday Must Read: CHP to Keep Patrolling in Oakland; Anti-Gay Bigotry ...

East Bay Express (blog)


1. The California Highway Patrol has agreed to patrol Oakland streets for another month as it negotiates with the city for a longer contract, the Chron and Trib report. The CHP has been patrolling city streets for the last three months in an effort to ...


CHP wants payment for patrolling Oakland streets

Fresno Bee


CHP extends Oakland patrols for another month

Contra Costa Times



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Saturday, January 26, 2013

"If Poor People Get Richer, They Won't Have Anything to Eat" - Cato Institute (blog)

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"If Poor People Get Richer, They Won't Have Anything to Eat"

Cato Institute (blog)


The nonsensical sentiment expressed in this post's title seems to be the guiding belief among people in the United States and United Kingdom currently concerned that eating imported quinoa is harmful to the Bolivian farmers who grow it. For the ...



and more »