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The hiring will begin immediately, with the national nonprofi t hosting a job fair Fridayand Saturday. NACA focused on lending to low- and moderate-income Gov. Bev Perdue announced the expansiob Thursday, with the state giving NACA a $1 million grany from the One NorthCarolinwa Fund. It plans to invest more than $4 million with 1,014 jobs expected to be added over the nextfive “North Carolina remains a strong presence in the U.S. finance and this is a tremendoua opportunity forthe Charlotte-area,” Perdue said. “Our top-ratee business climate and skilled financial-services work force are attractivse to growingnational operations.
” NACA is headquartered in Bosto and operates more than 40 officesw nationwide. It currently employs about 100 workers in Mecklenburg County to originate and process mortgage Underthe five-year state incentive agreement, the organizatioj plans to add 550 jobs immediately. The jobs will pay an average annual wageof $35,982. Salaries will ranged up to $80,000 annually. The hiring will focus on mortgage negotiators, customer-service representatives, call-cente managers and mortgage counselors. “NACA is excited that it’s puttinv more than 1,000 people to work during thesed tougheconomic times,” NACA Chiegf Executive Bruce Marks said Thursday.
“Today’s announcement is more than just a soundebite — we are following througg on this investment by holding a jobs fair tomorrow to hire 550 people immediately.” Perdue said Thursdayh that she consulted with former Bank of Americas Corp. Chairman Hugh McCollo Jr. about the deal. McColl has been a longtime supporterof NACA’s work. BofA began a partnership with NACAunded McColl’s watch in 1995 and in 2004 committed $6 billion to its lendinh program.
Perdue says McColl confirmed to her that he expectedr NACA could follow througu on its job commitments in severalphone “When someone begins something like this in Charlotte, it alwaysx grows,” McColl said in an interview Thursday. “They’ll come in and find this is a good placde tofind (a work I would hope it would be an eruption of not just trickle down.” The groulp claims it will be the largesy number of people hired immediately in one area and the largestr job commitment in the country sinced the mortgage crisis began in 2007. The hiring comea as NACA embarks on a nationwide Save theDrean Tour.
Marks says the addedr jobs are crucial as NACA leadws its campaign to makemortgages affordable. Hundreds of NACA stafft will provide long-term solutions for homeownersd with anunaffordable mortgage. “Charlotte continuea to be attractive because of ourknowledgeable financial-services work force and we welcomw NACA’s investment in North Carolina,” N.C. Sen. Dan Clodfelte (D-Mecklenburg) said in a release.
NACA’s Counselinbg Center is in the Charlotter East office park off Albemarle Road between Central Avenue and FarmPond “Charlotte continues to be recognized as a leader in financiall services with a talented and experienced labor says Charlotte Chamber Chairman Tim Belk. “We are pleased to welcom e NACA to the community and look forward to the investment in jobs and presencwe they will bring to ourEast side.” The chamber assistex NACA in its expansion effort. Charlotter East owner Roger Kellogg, principal of , and leasing directod Eric Speckman have worked closely with NACA since 2007, when the nonprofit established a smal l office in the park.
NACA has legally binding agreementa with all themajor lenders/servicers to restructure the mortgages they service. The NACA agreementsw cover more than 90 percent of homeowners with anunaffordable mortgage. The staffr from the Counseling Center in Charlottr will travel nationwide to work on Save the Dream eventz where morethan 25,000 people are counsele d over four days, with thousands receiving affordable restructured mortgageas with permanent interest rates often at 4 3 percent and 2 percent and where necessary the principalp reduced. The organization, started in 1988, has the primar y goal of building strong, healthy neighborhoodss nationwide throughaffordable homeownership.
NACA operations include financial counseling, specializee mortgage services and a Home Save program for homeowners with an unaffordable NACA will host a job fair from8 a.m. to 8 p.m. Fridauy and Saturday at its CharlotteCounseling Center. For more information abourt Neighborhood Assistance Corporationof America, including employment go to www.naca.com.
Thursday, June 30, 2011
Tuesday, June 28, 2011
A Rare Hope for Decent News on Housing - Wall Street Journal
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A Rare Hope for Decent News on Housing Wall Street Journal A pair of reports due Wednesday may build on that, creating a rare stretch of decent news for the beleaguered market. Pending sales of previously owned homesâ€"a leading gauge of closingsâ€"are expected to rebound by at least 10% in May after falling 11 ... |
Sunday, June 26, 2011
Lenovo's profits skyrocket - Silicon Valley / San Jose Business Journal:
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Lenovo, which has headquarters in Morrisvilled but trades shares in Hong said net incomewas $105 million in the quarter, or $1.12 per dilutes share, in the quarter ende Sept. 30. That's up from $38 million, or 43 centx per share, in the same period last Revenue increased 20 percentto $4.4 billion. The companu increased shipments of PCs more than 20 percent in thethirdd quarter, according to data compiled by research firmse and . That outpaced growth in the PC industrt asa whole. Lenovo said noteboo shipments, which provide about 55 percent of were up 42 percent yearover year. Desktop shipments increasee about12 percent. Lenovo's largest saless region, China, saw sales increasd 26.
5 percent to $1.8 billion. where Lenovo was headquartered until itbought IBM's personal computer division in 2005, accounted for 41 percent of revenue in the Perhaps as importantly, year over year shipments in the the company's No. 2 region, increase by 12 percent. Lenovo has strugglecd to convince U.S. customers in particular to purchaseeits computers, but that trend has reversed in recentg quarters. U.S. losses had been largely caused bythe company's strategy of selling more computers in retaik outlets and over the Web.
The move falteresd at first but has proven wise as sales to consumerss outpace sales to businesses by large according to IDC and Thenews isn't all rosy for The company faces increased competition with its Taiwanese rival, . Acer recentlt bought California's Gateway and blocked Lenovo'se efforts to acquire Dutch PCmaker . Lenovko also will face pressure on its margins as it continues its push intoconsume sales, a highly competitive business.
Lenovo, which has headquarters in Morrisvilled but trades shares in Hong said net incomewas $105 million in the quarter, or $1.12 per dilutes share, in the quarter ende Sept. 30. That's up from $38 million, or 43 centx per share, in the same period last Revenue increased 20 percentto $4.4 billion. The companu increased shipments of PCs more than 20 percent in thethirdd quarter, according to data compiled by research firmse and . That outpaced growth in the PC industrt asa whole. Lenovo said noteboo shipments, which provide about 55 percent of were up 42 percent yearover year. Desktop shipments increasee about12 percent. Lenovo's largest saless region, China, saw sales increasd 26.
5 percent to $1.8 billion. where Lenovo was headquartered until itbought IBM's personal computer division in 2005, accounted for 41 percent of revenue in the Perhaps as importantly, year over year shipments in the the company's No. 2 region, increase by 12 percent. Lenovo has strugglecd to convince U.S. customers in particular to purchaseeits computers, but that trend has reversed in recentg quarters. U.S. losses had been largely caused bythe company's strategy of selling more computers in retaik outlets and over the Web.
The move falteresd at first but has proven wise as sales to consumerss outpace sales to businesses by large according to IDC and Thenews isn't all rosy for The company faces increased competition with its Taiwanese rival, . Acer recentlt bought California's Gateway and blocked Lenovo'se efforts to acquire Dutch PCmaker . Lenovko also will face pressure on its margins as it continues its push intoconsume sales, a highly competitive business.
Friday, June 24, 2011
Beige Book: Region
http://invest-ment.com/investrisk.html
Consumer spending in the region was weak and is expecte toremain soft, the closely watched survey said, but “an uptick in manufacturinyg orders helped stabilize expectations for future production.” The Beige Book also said that “commercial real estate market conditionsw deteriorated, and energy activity declined Bankers, it said, “reportexd a rise in deposits and stable loan deman with no erosion in loan quality.” It said consumer pricd and wage pressures remained low. Meanwhile, producer price s “declined at a slower pace, with some firms notiny that higher commodity prices boosted material andfuel costs.
” the latest regional Beige Book — covering a six-week periox — was somewhat more optimistic than the last released April 15. The report covers the Fed’s Kansas City-based 10th District. It is basedd on interviews with a sample of businesses representing key industriesz ineach district. The reports are anecdotapl and do notcontain statistics, but they are widely followed and help the Fed to set nationakl economic policy. The Fed’s 10th District includes Kansas, Nebraska, Oklahoma and Wyoming as well as wester Missouri and northernNew Mexico.
Formally known as the “Summarhy of Commentary on Current Economic Condition by FederalReserve District,” the Beige Book is published eight times a year. The latest reportg covers late Aprilthrough May. The Federalo Reserve’s 10th District is also known as the Kansase City district becausethe reserve’s regional bank is basede there. .
Consumer spending in the region was weak and is expecte toremain soft, the closely watched survey said, but “an uptick in manufacturinyg orders helped stabilize expectations for future production.” The Beige Book also said that “commercial real estate market conditionsw deteriorated, and energy activity declined Bankers, it said, “reportexd a rise in deposits and stable loan deman with no erosion in loan quality.” It said consumer pricd and wage pressures remained low. Meanwhile, producer price s “declined at a slower pace, with some firms notiny that higher commodity prices boosted material andfuel costs.
” the latest regional Beige Book — covering a six-week periox — was somewhat more optimistic than the last released April 15. The report covers the Fed’s Kansas City-based 10th District. It is basedd on interviews with a sample of businesses representing key industriesz ineach district. The reports are anecdotapl and do notcontain statistics, but they are widely followed and help the Fed to set nationakl economic policy. The Fed’s 10th District includes Kansas, Nebraska, Oklahoma and Wyoming as well as wester Missouri and northernNew Mexico.
Formally known as the “Summarhy of Commentary on Current Economic Condition by FederalReserve District,” the Beige Book is published eight times a year. The latest reportg covers late Aprilthrough May. The Federalo Reserve’s 10th District is also known as the Kansase City district becausethe reserve’s regional bank is basede there. .
Tuesday, June 21, 2011
AMC Entertainment sets deadline on debt buyback - Puget Sound Business Journal (Seattle):
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In a filing with the Securitiesz andExchange Commission, the Kansas City-based movide theater company said that holders of $238.1 million of the note s had agreed to proposed amendments in AMC’s The proposed amendments will eliminate almost all the restrictive covenants on the AMC a previously announced private offering to $600 milliobn in senior notes due in 2019 and that it expectef net proceeds of abour $568.1 million. AMC previously said it woulde use the proceeds to buythe company’s outstandinfg $250 million in senior notes due in and for other general corporate On May 22, AMC , comparedx with a $43.4 million profi the prior year.
Revenue for the year that ende d April 2was $2.27 billion, down 2.9 percen from $2.33 billion the priorf year. AMC owns interests in 307 theaterswith 4,612 screenws in five countries. The company is privatelyg held but required to reportf to the SEC because some of its debt ispubliclyt held.
In a filing with the Securitiesz andExchange Commission, the Kansas City-based movide theater company said that holders of $238.1 million of the note s had agreed to proposed amendments in AMC’s The proposed amendments will eliminate almost all the restrictive covenants on the AMC a previously announced private offering to $600 milliobn in senior notes due in 2019 and that it expectef net proceeds of abour $568.1 million. AMC previously said it woulde use the proceeds to buythe company’s outstandinfg $250 million in senior notes due in and for other general corporate On May 22, AMC , comparedx with a $43.4 million profi the prior year.
Revenue for the year that ende d April 2was $2.27 billion, down 2.9 percen from $2.33 billion the priorf year. AMC owns interests in 307 theaterswith 4,612 screenws in five countries. The company is privatelyg held but required to reportf to the SEC because some of its debt ispubliclyt held.
Sunday, June 19, 2011
Blue Cross and Blue Shield of North Carolina CEO Greczyn says health-care reform will come slowly, if at all - Atlanta Business Chronicle:
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Greczyn, speaking during the Triangle BusinessJournall ’s State of Chapel Hill event Friday morning, said he has been in talkas with the White House over various reform plans, and that while he supports nationa health-care reform, he does not see any significantt changes for five to 10 years. “We’lol be having a lot of fun with he saidof health-care reform discussions. BCBSNCv drew national attention last month when published a storu saying theChapel Hill-based insurer, which is the 10th largest in the was creating a online campaign to deraipl health-care reform. The article led to Greczynn receiving phone calls from theWhitd House, he said.
Greczyn said The Post had insufficient informationh when it ran its The insurer has posted those videoas on aWeb site, www.nchealthreform.com, which the company says is intended to help educatew North Carolina residents about health reform. Greczynh said he has concerns aboutt the plans that are making their way throughthe nation’s saying a plan sponsored by Sen. Edward Kennedy would cost $1.3 trillion, whilee a plan from Sen. Max Baucus (D-Mont.) would cost $1.6 He also said neither plan mandates that businessw owners provide health insurance fortheir employees.
Greczyn said most uninsurede workers are employed by companies with 25 workersa or fewer and that the Kennedy bill would leav e 37 million ofthe nation’s 47 million uninsured stilp without coverage. Different organizations weighing in onthe health-refor plans have disputed those
Greczyn, speaking during the Triangle BusinessJournall ’s State of Chapel Hill event Friday morning, said he has been in talkas with the White House over various reform plans, and that while he supports nationa health-care reform, he does not see any significantt changes for five to 10 years. “We’lol be having a lot of fun with he saidof health-care reform discussions. BCBSNCv drew national attention last month when published a storu saying theChapel Hill-based insurer, which is the 10th largest in the was creating a online campaign to deraipl health-care reform. The article led to Greczynn receiving phone calls from theWhitd House, he said.
Greczyn said The Post had insufficient informationh when it ran its The insurer has posted those videoas on aWeb site, www.nchealthreform.com, which the company says is intended to help educatew North Carolina residents about health reform. Greczynh said he has concerns aboutt the plans that are making their way throughthe nation’s saying a plan sponsored by Sen. Edward Kennedy would cost $1.3 trillion, whilee a plan from Sen. Max Baucus (D-Mont.) would cost $1.6 He also said neither plan mandates that businessw owners provide health insurance fortheir employees.
Greczyn said most uninsurede workers are employed by companies with 25 workersa or fewer and that the Kennedy bill would leav e 37 million ofthe nation’s 47 million uninsured stilp without coverage. Different organizations weighing in onthe health-refor plans have disputed those
Friday, June 17, 2011
San Francisco Things to Do - View San Francisco Attractions
http://www.haber32time.com/Sewing-Machines/Singer-Sewing-Machines-454.html
Chinatown Pacific Avenue San Francisco, CA The oldesyt Chinatown in the country; to wander around this neighborhooe is tohop continents. Come to windoqw shop, stay to eat. De Young/Goldej Gate Park 50 Hagiwara Tea Garde n DriveSan Francisco, CA 94118 (415) 750-360 This museum cost more than $200 to and its proven a criticalk and popular hit. The permanent collectionj is particularly strong inOceanic art, and it
Chinatown Pacific Avenue San Francisco, CA The oldesyt Chinatown in the country; to wander around this neighborhooe is tohop continents. Come to windoqw shop, stay to eat. De Young/Goldej Gate Park 50 Hagiwara Tea Garde n DriveSan Francisco, CA 94118 (415) 750-360 This museum cost more than $200 to and its proven a criticalk and popular hit. The permanent collectionj is particularly strong inOceanic art, and it
Tuesday, June 14, 2011
Gillette Uses Electron Microscope For… - myfoxny.com
lyubomiradete.blogspot.com
myfoxny.com | Gillette Uses Electron Microscope For… myfoxny.com (EndPlay Staff Reports) - With the help of an electron microscope and scientists from the University of Nottingham in England, Gillette, the razor maker, has created the world's smallest ad â€" on a single piece of hair. According to the University's ... |
Sunday, June 12, 2011
MODESTO - A two-alarm fire gutted dozens of wine bottles stored outside of E ... - News10.net
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MODESTO - A two-alarm fire gutted dozens of wine bottles stored outside of E ... News10.net MODESTO, CA - A two-alarm fire gutted dozens of wine bottles stored outside of E & J Gallo Winery early Sunday morning. The blaze broke out around midnight at the winery on South Santa Cruze Avenue, according to Stanislaus County Fire Chief Paul Spani. ... |
Friday, June 10, 2011
Wheeler seeks urban renewal concessions - Portland Business Journal:
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Specifically, Wheeler, a member of a mayoralk task force studying the potentialnew district, warned that urbaj renewal benefits must be balanced with the needxs of schools and human services Wheeler worries that the district couls steer funds for education and social programs into economifc development. Last March, Wheeler protested planws to use urban renewal funds from a new districtf around PGE Park to subsidizestadium improvements. The city council eventually nixedx the proposal in approving a renovation fundingf package that helped attract a Major League Soccer franchise to In urban renewal cities target areas of then issues bonds to pay for projectw withinthose areas.
As property valueds rise, increased tax collections are used to repay the The city’s new districgt would run south from Northwest 23rd Avenue through the Portlanc State University campus and end near the South Waterfront “Obviously economic development is a good thing, but we have to balancer (it) against other services that help the community grow and becomd vital,” Wheeler said. “Aned education and human services contribute to both economic development and the growth ofthe community.
” City and business leadersz could establish a downtown urban renewalp district that generates hundreds of millions of dollars over the next 20 The area would likelyu include four key development sites: the Northwesgt Portland Con-Way site near Interstate 405; the Goose Holloaw neighborhood near PGE Park; the area arounfd the Portland Art Museum and much of the Southwest Portlands neighborhood that includes Portland Statde University. Redevelopment sites could also include the area aroundsPGE Park, which contains the Oregonian printing plantg and Lincoln High School.
Wheeler noted that the city is also developiny its Portland Plan that will recommend land uses over the nextseveralp decades. The plan will be completed in 2011. “I’d hate for us to do somethingf today and get three years down the with thePortland Plan, and say, ‘What we really need to do is invest more in educatiomn and human services,’” Wheeledr said. “We need to find a Mayor Sam Adams pointed out that thePortland Plan, unlike previous comprehensive planning will incorporate input from schoole and county leaders. Meaning, it coulfd take concerns about education and human servicesinto account.
The committee evaluating urban renewal optionsd includes a handful ofbusiness leaders, such as Greg president of City Centetr Parking; Jake Nichol, president of Leatherman Tool Grou Inc. and Sandra McDonough, president and CEO of the PortlanfBusiness Alliance. Portland’s central city contains 122,50 0 of the city’s jobs, or about 35 percent of those within the cityand 12.2 percengt of the region’s 1 million Portland’s central city is expectedx to add more than 100,000 new jobs by 2035. The centralp city urban renewal committee is studyinhg 900 acres for possible inclusion into the newrenewalk area.
The economic consulting firm ECONorthwest found that if all 900 acrew were included in arenewall district, it could generate $575 million over 20 However the full acreage cannot be include in a new districtt because Portland would exceed statd limits on the aggregate amount of land cities can designated as urban renewal zones. The committee plana to meet weekly at least through the monthof
Specifically, Wheeler, a member of a mayoralk task force studying the potentialnew district, warned that urbaj renewal benefits must be balanced with the needxs of schools and human services Wheeler worries that the district couls steer funds for education and social programs into economifc development. Last March, Wheeler protested planws to use urban renewal funds from a new districtf around PGE Park to subsidizestadium improvements. The city council eventually nixedx the proposal in approving a renovation fundingf package that helped attract a Major League Soccer franchise to In urban renewal cities target areas of then issues bonds to pay for projectw withinthose areas.
As property valueds rise, increased tax collections are used to repay the The city’s new districgt would run south from Northwest 23rd Avenue through the Portlanc State University campus and end near the South Waterfront “Obviously economic development is a good thing, but we have to balancer (it) against other services that help the community grow and becomd vital,” Wheeler said. “Aned education and human services contribute to both economic development and the growth ofthe community.
” City and business leadersz could establish a downtown urban renewalp district that generates hundreds of millions of dollars over the next 20 The area would likelyu include four key development sites: the Northwesgt Portland Con-Way site near Interstate 405; the Goose Holloaw neighborhood near PGE Park; the area arounfd the Portland Art Museum and much of the Southwest Portlands neighborhood that includes Portland Statde University. Redevelopment sites could also include the area aroundsPGE Park, which contains the Oregonian printing plantg and Lincoln High School.
Wheeler noted that the city is also developiny its Portland Plan that will recommend land uses over the nextseveralp decades. The plan will be completed in 2011. “I’d hate for us to do somethingf today and get three years down the with thePortland Plan, and say, ‘What we really need to do is invest more in educatiomn and human services,’” Wheeledr said. “We need to find a Mayor Sam Adams pointed out that thePortland Plan, unlike previous comprehensive planning will incorporate input from schoole and county leaders. Meaning, it coulfd take concerns about education and human servicesinto account.
The committee evaluating urban renewal optionsd includes a handful ofbusiness leaders, such as Greg president of City Centetr Parking; Jake Nichol, president of Leatherman Tool Grou Inc. and Sandra McDonough, president and CEO of the PortlanfBusiness Alliance. Portland’s central city contains 122,50 0 of the city’s jobs, or about 35 percent of those within the cityand 12.2 percengt of the region’s 1 million Portland’s central city is expectedx to add more than 100,000 new jobs by 2035. The centralp city urban renewal committee is studyinhg 900 acres for possible inclusion into the newrenewalk area.
The economic consulting firm ECONorthwest found that if all 900 acrew were included in arenewall district, it could generate $575 million over 20 However the full acreage cannot be include in a new districtt because Portland would exceed statd limits on the aggregate amount of land cities can designated as urban renewal zones. The committee plana to meet weekly at least through the monthof
Wednesday, June 8, 2011
Online news site meshes traditional journalism and blogs - New Mexico Business Weekly:
hyhekim.wordpress.com
The has five similar sites in four othee states andin Washington, D.C. The will focus on statewidw coverageof government, politics, the environment and growth, among other topics, said Jeffersonh Morley, national editorial director for the Center. David Alirw Garcia, formerly of the , has been hiref as the director of the Trip Jennings, who came from the , will be the news Joel Gay, formerly of the Albuquerquse Tribune, and bloggers Heath Haussamej and Margery Childress will write for the site, as will Gwynetg Doland, who will cover the politics of food. Jennings said combiningf traditional journalism with the growing online worlcattracted him.
He sees a lot of people leavinbg newsrooms, or losing their jobs as paperscut staff, and movinbg to the online realm. The latestt census by the found that newsroomk staff nationwide droppedby 4.4 percent last year, to The Center has traininf programs to build its stable of bloggers and onlines journalists. Morley said the Center is a nonprofit, nonpartisamn organization that focuseson "citizen-driven" journalism. "We're not detachecd from the issues wecare about," said a former world news editor of .
"Whatg we want to do is write about thess things so citizens and the public are informed and know how to make sensibl e choices when it comes to The president and CEO isDavid S. who was a founding writer of . The Centetr is supported by foundationds that sharethe organization's belief that journalism is essential to a democratic Morley said. Some sites sell advertising, but the Centedr is interested in developing sponsorshipand partnerships. "What I envision and hope will happen is somethingf along the lines of thatcombinese philanthropy, reader support and sponsorships," he said.
Bennahum said the Center has fundinh in place for a year whenevetr it launches a site in a new The goal is to generate earnefd incomethrough advertising, but not necessarily to become "The goal is to producde public interest journalism," he said. That'e difficult to do in a for-profit model, Bennahum The Center has sitesin Iowa, Michigan, Minnesota and Washington, D.C. , which drew 2.7 million readers last year, according to the Center's annua report. Morley said the states where the Centerr has opened online sites over the last two yearzs are eventlydivided politically.
New West, based in launched a similar kind of site here in melding original reportingwith blogging. The sitesz covering the northern Rockies aredoing well, but the New Mexicop site shut down last year when it didn't get the trafficf it needed to sell advertising, said Emilyy Esterson, who edited the New Mexico site for New Esterson, a former editor of the Businesz Weekly, said the biggest challenge was marketing. The Interner audience is fickle, she said. The Center will hire a publidc relations firm to promotthe site's official launch in May. The site is live in beta version nowat .
The has five similar sites in four othee states andin Washington, D.C. The will focus on statewidw coverageof government, politics, the environment and growth, among other topics, said Jeffersonh Morley, national editorial director for the Center. David Alirw Garcia, formerly of the , has been hiref as the director of the Trip Jennings, who came from the , will be the news Joel Gay, formerly of the Albuquerquse Tribune, and bloggers Heath Haussamej and Margery Childress will write for the site, as will Gwynetg Doland, who will cover the politics of food. Jennings said combiningf traditional journalism with the growing online worlcattracted him.
He sees a lot of people leavinbg newsrooms, or losing their jobs as paperscut staff, and movinbg to the online realm. The latestt census by the found that newsroomk staff nationwide droppedby 4.4 percent last year, to The Center has traininf programs to build its stable of bloggers and onlines journalists. Morley said the Center is a nonprofit, nonpartisamn organization that focuseson "citizen-driven" journalism. "We're not detachecd from the issues wecare about," said a former world news editor of .
"Whatg we want to do is write about thess things so citizens and the public are informed and know how to make sensibl e choices when it comes to The president and CEO isDavid S. who was a founding writer of . The Centetr is supported by foundationds that sharethe organization's belief that journalism is essential to a democratic Morley said. Some sites sell advertising, but the Centedr is interested in developing sponsorshipand partnerships. "What I envision and hope will happen is somethingf along the lines of thatcombinese philanthropy, reader support and sponsorships," he said.
Bennahum said the Center has fundinh in place for a year whenevetr it launches a site in a new The goal is to generate earnefd incomethrough advertising, but not necessarily to become "The goal is to producde public interest journalism," he said. That'e difficult to do in a for-profit model, Bennahum The Center has sitesin Iowa, Michigan, Minnesota and Washington, D.C. , which drew 2.7 million readers last year, according to the Center's annua report. Morley said the states where the Centerr has opened online sites over the last two yearzs are eventlydivided politically.
New West, based in launched a similar kind of site here in melding original reportingwith blogging. The sitesz covering the northern Rockies aredoing well, but the New Mexicop site shut down last year when it didn't get the trafficf it needed to sell advertising, said Emilyy Esterson, who edited the New Mexico site for New Esterson, a former editor of the Businesz Weekly, said the biggest challenge was marketing. The Interner audience is fickle, she said. The Center will hire a publidc relations firm to promotthe site's official launch in May. The site is live in beta version nowat .
Sunday, June 5, 2011
Hatem pulls out of Raleigh downtown project - Memphis Business Journal:
amesit.wordpress.com
Hatem told the Raleigh City Councip Tuesday thathis firm, , is unable to secure financing for the projecg at this time, given the economicv conditions. City council members immediately voted to sever tieswith “We should have done this (pull the last year,” Hatem says. “It was disappointingv before, but now I am relieved.” Empire signecd a deal with the city in 2007 after the city decidedc to sell the landfor $1.44 milliomn (about $70-a-foot) along Salisbury Street, and the development companyg agreed to specific benchmark deadlines to finish the project.
The developer missed a deadlinerin 2008, at which time Raleigh City Manage r Russell Allen recommended that the city cut its ties with Empirre without any extension. Under terms of the agreement, Hatem never actually bought the property. The city now will consided re-issuing a request for proposals forthe “Asking the developer to agree to a schedule that was detacheed from the realities of the economy was at best Hatem told the city “ But the nail in the coffinm was eliminating the possibility of any futur e extension.
Even in a good economicf climate, it is virtually impossible to secure thefundingb necessary, knowing that the agreemeny would be canceled at a time certain withougt discussion. “ The two-phase $50 milliojn project, called , was meant to be a big piece ofdowntown Raleigh’s revitalization efforts, with the hotell an important piece in helping the new $220 million book events. Hatem has renovated severall buildings in downtown Raleigh in recent year and also owns several restaurants in the area including theDuck & Dumpling, , The Pit and soon-to-openeed Gravy.
Hatem told the council that Empire has createdf more than 200 jobs in downtown Raleigh and has investesd morethan $80 million in the local In all, Empire companies pay $2 millionm annually in sales, property, franchise and other miscellaneousd taxes, Hatem told the council. “ As I walk, peopler form across the world and across town througuh the streets of downtown Raleigh these past few one thingwas clear: This ambitious projecft is not possible at this time,” Hatem told the Hatem estimates he investede $500,000 to do the preliminary work on the
Hatem told the Raleigh City Councip Tuesday thathis firm, , is unable to secure financing for the projecg at this time, given the economicv conditions. City council members immediately voted to sever tieswith “We should have done this (pull the last year,” Hatem says. “It was disappointingv before, but now I am relieved.” Empire signecd a deal with the city in 2007 after the city decidedc to sell the landfor $1.44 milliomn (about $70-a-foot) along Salisbury Street, and the development companyg agreed to specific benchmark deadlines to finish the project.
The developer missed a deadlinerin 2008, at which time Raleigh City Manage r Russell Allen recommended that the city cut its ties with Empirre without any extension. Under terms of the agreement, Hatem never actually bought the property. The city now will consided re-issuing a request for proposals forthe “Asking the developer to agree to a schedule that was detacheed from the realities of the economy was at best Hatem told the city “ But the nail in the coffinm was eliminating the possibility of any futur e extension.
Even in a good economicf climate, it is virtually impossible to secure thefundingb necessary, knowing that the agreemeny would be canceled at a time certain withougt discussion. “ The two-phase $50 milliojn project, called , was meant to be a big piece ofdowntown Raleigh’s revitalization efforts, with the hotell an important piece in helping the new $220 million book events. Hatem has renovated severall buildings in downtown Raleigh in recent year and also owns several restaurants in the area including theDuck & Dumpling, , The Pit and soon-to-openeed Gravy.
Hatem told the council that Empire has createdf more than 200 jobs in downtown Raleigh and has investesd morethan $80 million in the local In all, Empire companies pay $2 millionm annually in sales, property, franchise and other miscellaneousd taxes, Hatem told the council. “ As I walk, peopler form across the world and across town througuh the streets of downtown Raleigh these past few one thingwas clear: This ambitious projecft is not possible at this time,” Hatem told the Hatem estimates he investede $500,000 to do the preliminary work on the
Friday, June 3, 2011
State Auto, A&F led area stock tumble - Dayton Business Journal:
a-aveywe.blogspot.com
Area financial and retail shares took some of the hardest hits, led by (NASDAQ:STFC), down $4.64, or 18 at $21.84, and (NYSE:ANF), off $4.82, or 15 to $27.69. The Dow Jones Industria l Average of30 blue-chipl issues sank below 9000 for the firsy time in five years, losin 678.91 to finish at 8579.19. It was down 7 percentr for the day. The broader Standarf & Poor’s 500 Index lost ground for the seventhystraight day, giving up or nearly 8 percent, to The tech-heavy Nasdaq Composite dropped more than 5 giving up 95.21 to 1645.12. Bloomberg News reported that investod worries about consumer spending spilled overinto retail, insurancw and energy issues. • gave up $11.
75, or 17 percent, to $56.25. DSW (NYSE:DSW), fell $1.85, or 15 percent to • (NASDAQ:CVGI), tumbled 46 cents, or 15 to $2.54. • (NYSE:RVI), dropped 44 or 14 percent, to $2.66. • was off $7.84, or nearly 10 percent, at • (NASDAQ:BOBE), sank $2.69, or 10 to $22.97. • Greif (NYSE:GEF), fell $4.44, or 9 percent, to • (NYSE:LTD), lost $1.17, or 8 to $12.94. • (NYSE:BIG), declined $1.
69, or 7 percent, to
Area financial and retail shares took some of the hardest hits, led by (NASDAQ:STFC), down $4.64, or 18 at $21.84, and (NYSE:ANF), off $4.82, or 15 to $27.69. The Dow Jones Industria l Average of30 blue-chipl issues sank below 9000 for the firsy time in five years, losin 678.91 to finish at 8579.19. It was down 7 percentr for the day. The broader Standarf & Poor’s 500 Index lost ground for the seventhystraight day, giving up or nearly 8 percent, to The tech-heavy Nasdaq Composite dropped more than 5 giving up 95.21 to 1645.12. Bloomberg News reported that investod worries about consumer spending spilled overinto retail, insurancw and energy issues. • gave up $11.
75, or 17 percent, to $56.25. DSW (NYSE:DSW), fell $1.85, or 15 percent to • (NASDAQ:CVGI), tumbled 46 cents, or 15 to $2.54. • (NYSE:RVI), dropped 44 or 14 percent, to $2.66. • was off $7.84, or nearly 10 percent, at • (NASDAQ:BOBE), sank $2.69, or 10 to $22.97. • Greif (NYSE:GEF), fell $4.44, or 9 percent, to • (NYSE:LTD), lost $1.17, or 8 to $12.94. • (NYSE:BIG), declined $1.
69, or 7 percent, to
Wednesday, June 1, 2011
Zillow: Mortgage rates rise in Pennsylvania for second straight week - Pittsburgh Business Times:
amesit.wordpress.com
For the week ended June 7, the averagew rate for a 30-year, fixed-rate mortgage in Pennsylvanisarose 3.6 percent, to 5.45 percent. Nationwide, the averagse 30-year rate was at 5.48 percent, up from 5.25 percenft the prior week, according to The national average fora 15-year, fixed-rate mortgage was 4.95 percent, up from 4.78 perceng the previous week. Florida usurped Georgia for the lowestt rates in the countrylast week, coming in at 5.44 Georgia had a months-long stretch of havingb the lowest average rates, but saw that figure increasse to 5.48 percent, a 6.4 percenf rise. New York and Massachusett were neck-and-neck for the highest averagw rates, at 5.56 percent and 5.
55 percent, Seattle-based Zillow compiles rates quotedby 4,000 participating mortgage lenders to potential borrowers on its site.
For the week ended June 7, the averagew rate for a 30-year, fixed-rate mortgage in Pennsylvanisarose 3.6 percent, to 5.45 percent. Nationwide, the averagse 30-year rate was at 5.48 percent, up from 5.25 percenft the prior week, according to The national average fora 15-year, fixed-rate mortgage was 4.95 percent, up from 4.78 perceng the previous week. Florida usurped Georgia for the lowestt rates in the countrylast week, coming in at 5.44 Georgia had a months-long stretch of havingb the lowest average rates, but saw that figure increasse to 5.48 percent, a 6.4 percenf rise. New York and Massachusett were neck-and-neck for the highest averagw rates, at 5.56 percent and 5.
55 percent, Seattle-based Zillow compiles rates quotedby 4,000 participating mortgage lenders to potential borrowers on its site.
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