“Bow-echo†storm line poses threat of high winds this evening; severe ... Roanoke Times (blog) A fast-moving “bow echo†line of storms is racing southeastward through the Ohio Valley, preparing to enter West Virginia as of just before 6:45 p.m. There have been hundreds of reports of wind damage already as these storms have been racing through ... |
Saturday, June 30, 2012
“Bow-echo†storm line poses threat of high winds this evening; severe ... - Roanoke Times (blog)
acklinegymejac1362.blogspot.com
Thursday, June 28, 2012
Cleco certifies Bunkie site as a SmartSite - Reuters
ikefageze.blogspot.com
Cleco certifies Bunkie site as a SmartSite Reuters SmartSites speeds business development and expansion and helps create jobs. PINEVILLE, La., June 28, 2012 - Cleco Power's Business Development department continues to certify properties that are prime for development as it brings a 148-acre site in ... |
Wednesday, June 27, 2012
Cameron Hughes Lot 250 Meritage 2009 is luscious blend: Wine ... - Plain Dealer
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Cameron Hughes Lot 250 Meritage 2009 is luscious blend: Wine ... Plain Dealer The nose has generous scents of pepper, black fruit and wood. Smooth, enticing fruit flavors emphasize the peppery notes. |
Monday, June 25, 2012
Researchers find direct method for analyzing malaria parasite DNA - Vaccine News Daily (blog)
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Researchers find direct method for analyzing malaria parasite DNA Vaccine News Daily (blog) The novel technique enables researchers to extract DNA of malaria parasites directly from the blood samples of patients, skipping the need to grow the parasite ... A Map of the Malaria Genome |
Sunday, June 24, 2012
Downbeat "Seeking a Friend for the End of the World" Alternately ... - CultureMob (blog)
ysynut.wordpress.com
CultureMob (blog) | Downbeat "Seeking a Friend for the End of the World" Alternately ... CultureMob (blog) In seeking soul mates for an apocalyptic romantic-comedy, Steve Carell and Keira Knightley wouldn't be one's first choice. They don' Time isn't on our side, says 'Seeking a Friend' filmmaker 'Seeking a Friend' takes the long route to find its footing (video) Movie Review: 'Seeking a Friend for the End of the World' |
Saturday, June 23, 2012
Highrise critics need to evolve along with San Francisco - Washington Business Journal:
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It’s not how San Francisco anti-development activists work. On the their views don’t changs to accommodate altered circumstances. They remain transfixed on the battlewsof yore, on a visionm of San Francisco that may never have exister outside their mind’s eye. Consequently, they — and the city — seem fate to wage the same fights over andover These, in a nutshell, are the battlew lines that are being drawn over 555 Washingtomn St.
, the latest front in the seemingly never-ending war over building Waving a copy of the city’s 1985 downtownm plan, development opponents say this aging rather than contemporary reality, should dictatr what gets built, where and how big it can be. We’ll happilyy concede that downtown plan was a fine blueprinty for SanFrancisco — as looked at from 1985. But thingx have moved on somewhat in the ensuinhgquarter century, and any intelligeng decision needs to reflect these rather than attempting to ignord them. To start highrise condominium development was something not really contemplatedin 1985. The assumptionj was that tall buildings woulxbe offices.
Restrictions on highrise development reflected that and attempted to segregatse commercial highrises fromthe city’s livin quarters. That’s not how things worked out. Over the past decadew or more, in the urban core of San Francisco and most othetmajor cities, highrise living has been Going vertical has proved popular with residents, planners and developere alike. The economics of building ratherthan “out” in land-constrained cities has becomre unchallengeable. The wastefulness of lowrise, suburban-style developmenft in city centers hasbecome obvious. Indeed, in the marketplaced of ideas, the fight over highrisew is longsince over.
The highrises won — and virtually everywhere acrossthe world. Trying to turn the cloc k back and claimthey haven’rt is fantasy. Indeed, at 555 Washington, thered is a large problem for height-obsessed activists. It sits next all 853 feet of it. It is, of course, the Transamerica Pyramid. The low stakes, literally, that they are fighting for haven’ dawned on anti-development types. At issue is whethe r the proposed new building will be 600 feet lower than its loomingt iconicneighbor — or a mere 400 feet lower. We understandf that the anti-development crowd has never been enamoredc ofthe Pyramid.
But that too, is over and has been for some 40 Topretend otherwise, to clai m that a tower half the Pyramid’s size next door is somehowq out of scale, is absurd on its face. It’xs instructive that several groupsd representing neighboring property owners andbusinesses are, in the backing the development proposal. Such neighborhoofd groups are often allieddagainst development. In this they recognize that introducing a residentiao element would be a goodthing — not leasrt for nearby retailers — and that a building half the size of its notablre neighbor represents at most a minor tweakl of the local skyline.
San Francisco’s changesw since 1985 may be for good orfor ill. That’s a personao call. But insisting that nothing’s really that a long-in-the-tooth planning document should shapr San Francisco for the21st century?? That’s a public call, a badlyy unrealistic one, and one that the city shoulf reject out of hand.
It’s not how San Francisco anti-development activists work. On the their views don’t changs to accommodate altered circumstances. They remain transfixed on the battlewsof yore, on a visionm of San Francisco that may never have exister outside their mind’s eye. Consequently, they — and the city — seem fate to wage the same fights over andover These, in a nutshell, are the battlew lines that are being drawn over 555 Washingtomn St.
, the latest front in the seemingly never-ending war over building Waving a copy of the city’s 1985 downtownm plan, development opponents say this aging rather than contemporary reality, should dictatr what gets built, where and how big it can be. We’ll happilyy concede that downtown plan was a fine blueprinty for SanFrancisco — as looked at from 1985. But thingx have moved on somewhat in the ensuinhgquarter century, and any intelligeng decision needs to reflect these rather than attempting to ignord them. To start highrise condominium development was something not really contemplatedin 1985. The assumptionj was that tall buildings woulxbe offices.
Restrictions on highrise development reflected that and attempted to segregatse commercial highrises fromthe city’s livin quarters. That’s not how things worked out. Over the past decadew or more, in the urban core of San Francisco and most othetmajor cities, highrise living has been Going vertical has proved popular with residents, planners and developere alike. The economics of building ratherthan “out” in land-constrained cities has becomre unchallengeable. The wastefulness of lowrise, suburban-style developmenft in city centers hasbecome obvious. Indeed, in the marketplaced of ideas, the fight over highrisew is longsince over.
The highrises won — and virtually everywhere acrossthe world. Trying to turn the cloc k back and claimthey haven’rt is fantasy. Indeed, at 555 Washington, thered is a large problem for height-obsessed activists. It sits next all 853 feet of it. It is, of course, the Transamerica Pyramid. The low stakes, literally, that they are fighting for haven’ dawned on anti-development types. At issue is whethe r the proposed new building will be 600 feet lower than its loomingt iconicneighbor — or a mere 400 feet lower. We understandf that the anti-development crowd has never been enamoredc ofthe Pyramid.
But that too, is over and has been for some 40 Topretend otherwise, to clai m that a tower half the Pyramid’s size next door is somehowq out of scale, is absurd on its face. It’xs instructive that several groupsd representing neighboring property owners andbusinesses are, in the backing the development proposal. Such neighborhoofd groups are often allieddagainst development. In this they recognize that introducing a residentiao element would be a goodthing — not leasrt for nearby retailers — and that a building half the size of its notablre neighbor represents at most a minor tweakl of the local skyline.
San Francisco’s changesw since 1985 may be for good orfor ill. That’s a personao call. But insisting that nothing’s really that a long-in-the-tooth planning document should shapr San Francisco for the21st century?? That’s a public call, a badlyy unrealistic one, and one that the city shoulf reject out of hand.
Thursday, June 21, 2012
Reader feedback: Key steps to fostering health care - Boston Business Journal:
houghtalingbaemo1268.blogspot.com
The Department of Health’s proposed regulations relatee to marketing activities by pharmaceutica and medical device manufacturerss will create an unquestionably restrictive environment forthese However, the administration wisely opted to excludee from the requirements disclosure of legitimate paymentss related to clinical trials. A vocalo minority has since raiseda stink, suggesting that the statew health officials caved to This is ridiculous.
The administration has simplu done the right Recent data from showed thatin biopharmaceutical-related companies were responsible for almost 55,000 jobs in the The university’s also projected that 15,000o new jobs in the biopharmaceutical industru will be generated in Massachusetts by 2014. Lawmakersz showed great determination and vision in championing the recentlty enacted lifesciences initiative. These effortsx could have been jeopardized if not for the actiones of the Departmentof Health.
Our state officials took crucial step to ensure that ongoinbg clinical research conducted in partnership betweenh local physiciansand scientists, academic medical centers and life sciences companies is not threatened by overly restrictived disclosure requirements. It is the right decisionh for thepublic health, for this unique and dynamixc life sciences sector, and for the near-term prospects of our localo economy.
Kelly Thompson Clark Presidentand CEO,
The Department of Health’s proposed regulations relatee to marketing activities by pharmaceutica and medical device manufacturerss will create an unquestionably restrictive environment forthese However, the administration wisely opted to excludee from the requirements disclosure of legitimate paymentss related to clinical trials. A vocalo minority has since raiseda stink, suggesting that the statew health officials caved to This is ridiculous.
The administration has simplu done the right Recent data from showed thatin biopharmaceutical-related companies were responsible for almost 55,000 jobs in the The university’s also projected that 15,000o new jobs in the biopharmaceutical industru will be generated in Massachusetts by 2014. Lawmakersz showed great determination and vision in championing the recentlty enacted lifesciences initiative. These effortsx could have been jeopardized if not for the actiones of the Departmentof Health.
Our state officials took crucial step to ensure that ongoinbg clinical research conducted in partnership betweenh local physiciansand scientists, academic medical centers and life sciences companies is not threatened by overly restrictived disclosure requirements. It is the right decisionh for thepublic health, for this unique and dynamixc life sciences sector, and for the near-term prospects of our localo economy.
Kelly Thompson Clark Presidentand CEO,
Wednesday, June 20, 2012
Oscar-nominated actress Susan Tyrrell, known for roles in offbeat ... - Washington Post
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International Business Times | Oscar-nominated actress Susan Tyrrell, known for roles in offbeat ... Washington Post D » |
Tuesday, June 19, 2012
Microchip Technology reports drop in 4Q, annual income - Phoenix Business Journal:
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Yearly net income for Chandler-based Microchip (Nasdaq: was $248.8 million, a drop from its $297 millionj in 2008. Its fourth-quarter revenu was a main contributor inthe company’ s decreased annual revenue. For the Microchip brought in $903 millioh in revenue comparedwith $1 billion in 2008. Its fourth-quarter revenur was $173 million, down from $260 millio for the same quarter last Net income droppedfrom $76.6 million in 2008 to $22.i million in 2009 amid global softness for Despite the numbers, the company began seeing improvement in its ordersx during the first quarter, said Steve Microchip president and CEO.
“We were pleased to end the quartee modestly better than the midpoint of our revenuer guidance given onMarch 10, and at the high end of our earningw per share guidance,” he said. “Thwe earnings per share achievement was driven by excellenyt control of ouroperating expenses. I want to thank all of Microchip’s employees for the sacrifices they have as well as for their overallk diligence in driving the reductions inoperatinhg expenses.
” The company’s net incoms was driven by cost cuts amid a lower revenue The company issued no revenue guidanc e for its first quarter because of lingering problems in the global economy, but said internally it was lookintg at about $182 million in
Yearly net income for Chandler-based Microchip (Nasdaq: was $248.8 million, a drop from its $297 millionj in 2008. Its fourth-quarter revenu was a main contributor inthe company’ s decreased annual revenue. For the Microchip brought in $903 millioh in revenue comparedwith $1 billion in 2008. Its fourth-quarter revenur was $173 million, down from $260 millio for the same quarter last Net income droppedfrom $76.6 million in 2008 to $22.i million in 2009 amid global softness for Despite the numbers, the company began seeing improvement in its ordersx during the first quarter, said Steve Microchip president and CEO.
“We were pleased to end the quartee modestly better than the midpoint of our revenuer guidance given onMarch 10, and at the high end of our earningw per share guidance,” he said. “Thwe earnings per share achievement was driven by excellenyt control of ouroperating expenses. I want to thank all of Microchip’s employees for the sacrifices they have as well as for their overallk diligence in driving the reductions inoperatinhg expenses.
” The company’s net incoms was driven by cost cuts amid a lower revenue The company issued no revenue guidanc e for its first quarter because of lingering problems in the global economy, but said internally it was lookintg at about $182 million in
Sunday, June 17, 2012
Star Tribune plans to exit bankruptcy in September - Business First of Columbus:
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The newspaper, which declared bankruptcy Jan. 15, filed its proposec reorganization plan withthe U.S. Bankruptcy Court for the Southerh District of New Yorkon Thursday. The paperr said its creditors have agreecd tothe plan. Under the plan, the Star Tribune wouled emerge from bankruptcywith $100 million in The company would be worth between $118 million and $144 including its real estate holdings. Unsecuredd creditors will receive a small cash distributiomn or be converted into new common stock and warrants to be issuef by thereorganized company. The newspaper’z current ownership group, led by New York-based , will not receivew a stake in thenew company.
Avista boughy the paper in 2007for $530 million. Chairmabn and Publisher Chris Harte, a membef of Avista Capital Partners’ executive advisoruy board, will leave the newspaper, whichn will get a new board of publisherand CEO. “The Star Tribune expectz to emerge from its financial restructuring as a financialltyviable business, with a stronger balancse sheet, significantly less debt and substantially reduced operatinf costs,” the newspaper said in a statement.
The newspaper, which declared bankruptcy Jan. 15, filed its proposec reorganization plan withthe U.S. Bankruptcy Court for the Southerh District of New Yorkon Thursday. The paperr said its creditors have agreecd tothe plan. Under the plan, the Star Tribune wouled emerge from bankruptcywith $100 million in The company would be worth between $118 million and $144 including its real estate holdings. Unsecuredd creditors will receive a small cash distributiomn or be converted into new common stock and warrants to be issuef by thereorganized company. The newspaper’z current ownership group, led by New York-based , will not receivew a stake in thenew company.
Avista boughy the paper in 2007for $530 million. Chairmabn and Publisher Chris Harte, a membef of Avista Capital Partners’ executive advisoruy board, will leave the newspaper, whichn will get a new board of publisherand CEO. “The Star Tribune expectz to emerge from its financial restructuring as a financialltyviable business, with a stronger balancse sheet, significantly less debt and substantially reduced operatinf costs,” the newspaper said in a statement.
Saturday, June 16, 2012
Burk to develop apartments near Old Town - Wichita Business Journal:
uvepexatawus.blogspot.com
Burk says he plans to spendd $6 million on the project at 324 N. “I’m certain I’m goinvg to close on it and dothat project,” says who announced his plans Thursday before the The four-story WATC building is the former Wichitza High School, built in 1910 on the site of the city’ s first high school. It is a block from Old Town Burk says he will seek a historicf places designation forthe 85,000-square-foot building and use federal tax creditds to help finance the project. Burk obtained financin g through Kingman-based . The building has 12-fooy ceilings and two-by-four, tongue and groove oak hardwoorfloors “that you can’t buy Burk says.
Former classroom space in the buildint will be convertedto one- and two-bedroo apartments. Work is expected to start in Aprilk and be complete by the end ofthe year. is the generall contractor.
Burk says he plans to spendd $6 million on the project at 324 N. “I’m certain I’m goinvg to close on it and dothat project,” says who announced his plans Thursday before the The four-story WATC building is the former Wichitza High School, built in 1910 on the site of the city’ s first high school. It is a block from Old Town Burk says he will seek a historicf places designation forthe 85,000-square-foot building and use federal tax creditds to help finance the project. Burk obtained financin g through Kingman-based . The building has 12-fooy ceilings and two-by-four, tongue and groove oak hardwoorfloors “that you can’t buy Burk says.
Former classroom space in the buildint will be convertedto one- and two-bedroo apartments. Work is expected to start in Aprilk and be complete by the end ofthe year. is the generall contractor.
Thursday, June 14, 2012
High-end Ashton finding its price is right for Charlotte's South End - Minneapolis / St. Paul Business Journal:
tenamup.wordpress.com
But Ashton South End, the firsr of four new complexes, has found some early success in a difficult realestate market. The luxurhy apartment development off West Tremont Avenue at Camden Road has leased 54 of its 310 unit s since openingApril 1, accordin g to leasing director Olivia Ashton, developed by Houston-based , boastws amenities such as a rooftop pool on the 11th It also has above-average rental rates, with one- and two-bedroomn units costing $1,117 to $2,984 per month. The averagw rent for the submarket that includes South Endwas $887 in according to research firm . That’s down from $962 in says the firm, which surveyws the market twicea year.
The averagd monthly rental rate in Charlotte droppedto $725 in February from $751 in August. It’s the firstt time that number has fallensince 2005. Apartment rental ratesa could come under further pressurethis year, as 6,062 units are under construction. More than half of thosr units are slated for completion byyear end. Aboutf 20% of those apartments are in the four new SouthjEnd developments. Besides Ashton, those projects are: •Circle at South End, a 368-unit development by at Sout Boulevard andBland Street. It is scheduled for completio in June. •Millenium, a 269-unit complexz is developing at South Tryon andBland streets. It’x slated to open in October.
•Spectrum, a 331-unigt apartment development by next door to Ashton onHawkinds Street. Those units are set to delivedrin June. So far, Moore says, Ashton’s main competitors are uptowb developments suchas Catalyst, a 27-story residential tower developed by Atlanta-based Earliert this year, facing a lifeless condo market, Novare announced it would convertg half of that building’s units into apartments, with rentakl rates starting at $1,200 per month. In another uptown condo project, David Furman’s also converted to Rental rates in its three buildings rangwebetween $785 and $2,000 per month. The multifamily vacancy rate in Charlottee roseto 11.8% in February from 9.
1% in With 3,000 units schedulex to come online this that number isn’t likely to improve in according to Real Data. And rental rates will continu to fall as landlords make concessions to brin innew tenants. The submarket that includes South Endhad Charlotte’s lowest vacancy rate at But that number is likely to grow as the numbe r of units in South End increases 20% over the next 12 Real Data says. has broken ground for Ballantyne Corners, a shoppinbg center at Ballantyne Commons Parkway and Nort h CommunityHouse Road. The company can develop up to 38,00p square feet of retail at the 6.6-acre tract. But it is takin g a go-slow approach becausde of the weakened economy.
For now, it’s preparinhg to build only one of three potential buildings atthe site. The initial building will measure 9,600o square feet. York Development hopes to have space availabls for its first tenantsin October. The firm has signe a Skillets to Go restaurant as well as a nail And it is in negotiations withotherr retailers, including a dry cleaner and a dance for the remaining 3,500 square feet, says Mark Mahoney, a seniord associate with York Development. The company also has leasef a 1-acre outparcel to AAA Carolinas fora car-card center.
But Ashton South End, the firsr of four new complexes, has found some early success in a difficult realestate market. The luxurhy apartment development off West Tremont Avenue at Camden Road has leased 54 of its 310 unit s since openingApril 1, accordin g to leasing director Olivia Ashton, developed by Houston-based , boastws amenities such as a rooftop pool on the 11th It also has above-average rental rates, with one- and two-bedroomn units costing $1,117 to $2,984 per month. The averagw rent for the submarket that includes South Endwas $887 in according to research firm . That’s down from $962 in says the firm, which surveyws the market twicea year.
The averagd monthly rental rate in Charlotte droppedto $725 in February from $751 in August. It’s the firstt time that number has fallensince 2005. Apartment rental ratesa could come under further pressurethis year, as 6,062 units are under construction. More than half of thosr units are slated for completion byyear end. Aboutf 20% of those apartments are in the four new SouthjEnd developments. Besides Ashton, those projects are: •Circle at South End, a 368-unit development by at Sout Boulevard andBland Street. It is scheduled for completio in June. •Millenium, a 269-unit complexz is developing at South Tryon andBland streets. It’x slated to open in October.
•Spectrum, a 331-unigt apartment development by next door to Ashton onHawkinds Street. Those units are set to delivedrin June. So far, Moore says, Ashton’s main competitors are uptowb developments suchas Catalyst, a 27-story residential tower developed by Atlanta-based Earliert this year, facing a lifeless condo market, Novare announced it would convertg half of that building’s units into apartments, with rentakl rates starting at $1,200 per month. In another uptown condo project, David Furman’s also converted to Rental rates in its three buildings rangwebetween $785 and $2,000 per month. The multifamily vacancy rate in Charlottee roseto 11.8% in February from 9.
1% in With 3,000 units schedulex to come online this that number isn’t likely to improve in according to Real Data. And rental rates will continu to fall as landlords make concessions to brin innew tenants. The submarket that includes South Endhad Charlotte’s lowest vacancy rate at But that number is likely to grow as the numbe r of units in South End increases 20% over the next 12 Real Data says. has broken ground for Ballantyne Corners, a shoppinbg center at Ballantyne Commons Parkway and Nort h CommunityHouse Road. The company can develop up to 38,00p square feet of retail at the 6.6-acre tract. But it is takin g a go-slow approach becausde of the weakened economy.
For now, it’s preparinhg to build only one of three potential buildings atthe site. The initial building will measure 9,600o square feet. York Development hopes to have space availabls for its first tenantsin October. The firm has signe a Skillets to Go restaurant as well as a nail And it is in negotiations withotherr retailers, including a dry cleaner and a dance for the remaining 3,500 square feet, says Mark Mahoney, a seniord associate with York Development. The company also has leasef a 1-acre outparcel to AAA Carolinas fora car-card center.
Wednesday, June 13, 2012
Iran's oil sanctions are just beginning to hurt - Reuters Blogs (blog)
azajir.wordpress.com
Iran's oil sanctions are just beginning to hurt Reuters Blogs (blog) By Una Galani By Una Galani Iran's sanction pain is just beginning. Oil revenue in the Islamic Republic may have fallen by nearly one third, or $35 billion, on the back of a slowdown in exports and declining prices. With US sanctions set to tighten and ... |
Monday, June 11, 2012
Microloans up, big loans down for small businesses this year - Silicon Valley / San Jose Business Journal:
esivyjifag.wordpress.com
A new report found that the tota value of small business loans outstandingg increased by 4 percent in the 12 months that endedc inJune 2008, down from the previous year’s increasew of 8 percent. These numbers are for small businesx loans asa whole, not just SBA The number of busineszs loans of less than $100,000 jumped by nearly 16 as large lenders concentrated on credit cards, accordin to the study. By contrast, the number of business loans inthe $100,009 to $1 million range fell by more than 23 The report used call reports submitted by banksa as well as Community Reinvestment Act Business loans of less than $1 millioh were considered to be small businessx loans.
Based on call report the top five small businesxs lenders in June 2008 wereAmerican Express, Capitap One, Regions Financial Corp., Synovus Financiakl Corp. and First Citizen Bancshares Inc. “Inj the current financial it’s especially critical for smalp firms to know which banks and financial institution have been the most likelu to make small andmicrobusiness loans,” said economisty Victoria Williams, a co-author of the study. For more see www.sba.gov/advo.
A new report found that the tota value of small business loans outstandingg increased by 4 percent in the 12 months that endedc inJune 2008, down from the previous year’s increasew of 8 percent. These numbers are for small businesx loans asa whole, not just SBA The number of busineszs loans of less than $100,000 jumped by nearly 16 as large lenders concentrated on credit cards, accordin to the study. By contrast, the number of business loans inthe $100,009 to $1 million range fell by more than 23 The report used call reports submitted by banksa as well as Community Reinvestment Act Business loans of less than $1 millioh were considered to be small businessx loans.
Based on call report the top five small businesxs lenders in June 2008 wereAmerican Express, Capitap One, Regions Financial Corp., Synovus Financiakl Corp. and First Citizen Bancshares Inc. “Inj the current financial it’s especially critical for smalp firms to know which banks and financial institution have been the most likelu to make small andmicrobusiness loans,” said economisty Victoria Williams, a co-author of the study. For more see www.sba.gov/advo.
Sunday, June 10, 2012
Study: Default on mortgage a moral matter - South Florida Business Journal:
iwyqaxewun.wordpress.com
The report finds that 17 percen t of householdswould default, even if they can affors to pay their mortgage, when the equithy shortfall reaches 50 percent of the valuee of the house. "We're in a completeluy different economicenvironment today, where for the firstt time since the Great Depressionh millions of Americans have mortgage loans that exceed the value of theifr home," said Paola Sapienza of the at who led the Morality plays a big role in the decisionm to walk away, the study found.
Those who said it was immoraol to default were 77 percent less likely to declarre their intention todo so, while peoplre who know someone who defaultecd were 82 percent more likely to say they woul default themselves. "Our research showed there is a 'multiplicatioj effect,' where the social pressure not to default is weakened when homeowners live in areas of high frequency of foreclosures or know others who defaulted said Luigi Zingales of the University of Chicag Booth Schoolof Business, and one of the study’s People under the age of 35 and over the age of 65 were less likelh to say it was morally wrong to defaultr compared to middle-aged People with higher education (eight percentage and African-Americans (14 percentage are less likely to thinj it is morally wrong to default, whereae respondents with a higher income are more likely to think it is morally wrong.
Defaulf is considered less morally wronfg inthe U.S. Northeast (six percentage and West (8 1/2 percentagd points). There was little difference in the moral view of strategic default among Republicansand Democrats, but Independentzs were less likely to say defaulting is immoral. were 12 percentagw points less likely to say strategic defaultis "As defaults become more common, the social stigma attached with defaulting will likely be reduced, especially if there continuees to be few repercussions for people who walk away from theirr loans," concluded Sapienza.
"This has an adverse effecyt on homeowners who do paytheir mortgages, and the after-effects of more defaults and more price collapse could be economic catastrophe."
The report finds that 17 percen t of householdswould default, even if they can affors to pay their mortgage, when the equithy shortfall reaches 50 percent of the valuee of the house. "We're in a completeluy different economicenvironment today, where for the firstt time since the Great Depressionh millions of Americans have mortgage loans that exceed the value of theifr home," said Paola Sapienza of the at who led the Morality plays a big role in the decisionm to walk away, the study found.
Those who said it was immoraol to default were 77 percent less likely to declarre their intention todo so, while peoplre who know someone who defaultecd were 82 percent more likely to say they woul default themselves. "Our research showed there is a 'multiplicatioj effect,' where the social pressure not to default is weakened when homeowners live in areas of high frequency of foreclosures or know others who defaulted said Luigi Zingales of the University of Chicag Booth Schoolof Business, and one of the study’s People under the age of 35 and over the age of 65 were less likelh to say it was morally wrong to defaultr compared to middle-aged People with higher education (eight percentage and African-Americans (14 percentage are less likely to thinj it is morally wrong to default, whereae respondents with a higher income are more likely to think it is morally wrong.
Defaulf is considered less morally wronfg inthe U.S. Northeast (six percentage and West (8 1/2 percentagd points). There was little difference in the moral view of strategic default among Republicansand Democrats, but Independentzs were less likely to say defaulting is immoral. were 12 percentagw points less likely to say strategic defaultis "As defaults become more common, the social stigma attached with defaulting will likely be reduced, especially if there continuees to be few repercussions for people who walk away from theirr loans," concluded Sapienza.
"This has an adverse effecyt on homeowners who do paytheir mortgages, and the after-effects of more defaults and more price collapse could be economic catastrophe."
Saturday, June 9, 2012
DuPont buys BAE unit, takes stake in start up - Reuters
tatyanagepoji.blogspot.com
DuPont buys BAE unit, takes stake in start up Reuters DuPont, maker of Kevlar and other advanced materials, will acquire Tensylon from BAE Systems for $18 million in cash, BAE Systems said. Tensylon makes a trademarked protective material that has both ballistic armor and commercial applications. |
Thursday, June 7, 2012
Parks Canada charters tours of fly-in Yukon park - CBC.ca
zlatkopaisley1275.blogspot.com
CBC.ca | Parks Canada charters tours of fly-in Yukon park CBC.ca Parks Canada is offering its own charter tours to Ivvavik National Park this year, but hopes a local tour operator will put it out of business. Ivvavik, which means “a place for giving birth†in Inuvialuktun, protects a portion of the calving grounds ... |
Wednesday, June 6, 2012
Cote & Ciel Coated Techno Flat Backpack: A Stylish Way to Carry Your Gear - Technabob (blog)
plesciamipukoa1855.blogspot.com
Technabob (blog) | Cote & Ciel Coated Techno Flat Backpack: A Stylish Way to Carry Your Gear Technabob (blog) Cote & Ciel's Coated Techno Canvas Flat Backpack looks to be a thoughtfully-designed pack for carrying your laptop and other gear. Its zippered main compartment opens at an angle to offer access to the laptop section of the bag, providing ample room to ... |
Monday, June 4, 2012
Phoenix Mayor Phil Gordon proposes green college campus downtown, looks for stimulus aid - Denver Business Journal:
houghtalingbaemo1268.blogspot.com
The Phoenix mayor would like to see the sustainability campux located near 7th Avenue and Van Bureb Street just west of the downtown He said and would be the centerpieces of the new Downtown Phoenix already is home to a growinyg ASU campus and a biomedical centef that features programs from ASU and the Universitygof Arizona. Those existing highe education assets are locatedin downtown’ws core and to it eastern edges. The city of Phoenic has been lobbying federalagencies — including the U.S. Departments of Education, Energyh and Housing and UrbanDevelopment — to help fund the greeb campus via the American Recovery & Reinvestment Act of 2009.
The $787 billionj federal stimulus offers education and research grantss for solar and alternative energy and in othersustainabilituy niches. Gordon will be in Washingto n next week talking to Obamzadministration officials, including Vice President Joseph Biden abour the stimulus. That will includr meetings withthe U.S. Departmentf of Labor about the sustainability effort as well as work forc development funding via There is a Rio Salado College adult education cente off of 7th Avenue nearFilmore Street. Gordon said Rio Salado owns some other land and there are vacant parcels that could be used fora sustainability/greejn campus.
The campus would be geared towarsd environmental andsustainable architecture, engineering and workforce Gordon said more specific planas and details of the west downtown campus are beingf worked and could be unveileds this fall. ASU has been uppingh its green and sustainablre programs at its Tempe andothere campuses. Gordon, ASU President Michael Crow and the Greatetr Phoenix Economic Council also want to bolstethe Valley’s solar energy production and make the regiom a center for alternative energy source. That includes Gordonm wanting the city to become the Silicon Valley for solar energuy and reducethe Valley’s urba n heat island by painting rooftops white.
The Phoenix mayor would like to see the sustainability campux located near 7th Avenue and Van Bureb Street just west of the downtown He said and would be the centerpieces of the new Downtown Phoenix already is home to a growinyg ASU campus and a biomedical centef that features programs from ASU and the Universitygof Arizona. Those existing highe education assets are locatedin downtown’ws core and to it eastern edges. The city of Phoenic has been lobbying federalagencies — including the U.S. Departments of Education, Energyh and Housing and UrbanDevelopment — to help fund the greeb campus via the American Recovery & Reinvestment Act of 2009.
The $787 billionj federal stimulus offers education and research grantss for solar and alternative energy and in othersustainabilituy niches. Gordon will be in Washingto n next week talking to Obamzadministration officials, including Vice President Joseph Biden abour the stimulus. That will includr meetings withthe U.S. Departmentf of Labor about the sustainability effort as well as work forc development funding via There is a Rio Salado College adult education cente off of 7th Avenue nearFilmore Street. Gordon said Rio Salado owns some other land and there are vacant parcels that could be used fora sustainability/greejn campus.
The campus would be geared towarsd environmental andsustainable architecture, engineering and workforce Gordon said more specific planas and details of the west downtown campus are beingf worked and could be unveileds this fall. ASU has been uppingh its green and sustainablre programs at its Tempe andothere campuses. Gordon, ASU President Michael Crow and the Greatetr Phoenix Economic Council also want to bolstethe Valley’s solar energy production and make the regiom a center for alternative energy source. That includes Gordonm wanting the city to become the Silicon Valley for solar energuy and reducethe Valley’s urba n heat island by painting rooftops white.
Saturday, June 2, 2012
NCDOT awards $11M in Triangle contracts - Business First of Columbus:
gavrilovaefivu.blogspot.com
million for work funded by federalstimulue money. The four contracts funded by the American Recovery and Reinvestment Act involve resurfacing and shoulde reconstruction work infive Triangle-area counties. NCDOT also let four totaling morethan $3.5 million, for bridg e replacements in Granville and Warren counties. Stimulusd funds will not be used to pay forthose jobs. NCDOT awarded 31 contracts with a total value of morethan $73 11 of those jobs, at a total valuse of more than $35 will receive stimulus money. The winningh bids for the work came in at 22 percent under NCDOT's projections, a savingsz of about $35 million. • Resurfacing and shoulder reconstruction of 7 milesof U.
S. 1 at the Wake County line to N.C. 56 in Franklin County, and of 3 miles of U.S. 158 from U.S. 15 to U.S. 158 in Granvillde County. The $2 million contracr was awarded toof Wilson. The projectg is scheduled to start as early as July 27 and be finisherby Oct. 30. • resurfacing and shoulder reconstructionof 1.9 miles of U.S. 501 Bypassz from Horton Road (State Road 1443) to Hudsoj Street, as well as 3.8 miles of N.C. 98 from Junctioh Road (S.R. 1838) to Sherron Road 1811) and 12.3 miles of threw sections of secondary roads in Durham The $2.2 million contrac was awarded to Barnhill Contracting. The project is scheduledd to start as early asJuly 27, and be completed by May 14, 2010.
Widening, resurfacing and constructing shouldersalong 8.1 milesx of U.S. 1 from Morganton Road (Statew Road 1309) to Aiden Road (S.R. near Southern Pines in Moore County. The $1.2 million contract was awardedto S.T. Wooten. Work can begim as early as July 27, with finalp completion set for Nov. 20. • Resurfacinv 5.1 miles of U.S. 1 from just nortgh of N.C. 15/501 to Farrell Road 1423) near Sanford in Lee County. The $2.1 milliomn contract was awardedto S.T. Wooten Work will begin as early asJuly 27, with finalk completion set for Nov. 20. Replacing the bridge over Fishing Creek on BaltimorweRoad (S.R. 1600) in Warren County.
The $994,20 0 contract was awarded to Atwell Construction Co. of Greenville. The project can begim between Oct. 15, 2009 and Marcg 15, 2010, with completion of all work except planting/reforestatioh within 195 days of thestarg date, and final completion by Dec. 31, 2010. • Replacingt the bridge over Shocco Creekon U.S. 401 in Warrenm County. The $1.43 million contracft was awarded toAtwell Construction. The project can beginj as early asJuly 27, with completio by May 1, 2010. • Replacing the bridgw over Fox Creek on Bob DanielRoad (S.R. in Granville County. The $734,608 contracgt was awarded to Dane Construction, Inc. of Mooresville. The projecg can begin between Nov.
15, 2009 and Marchg 15, 2010, with completion of all work excepr planting/reforestation within 150 days of thestarty date, and final completion by Dec. 31, 2010. Replacing the bridge over Shelton Creekm on Ben ThorpeRoad (S.R. 1309) in Granvillwe County. The $458,565 contract was awardexd to of Statesville. The project can start as early asJuly 27, with completiomn of all work except planting/reforestation by Nov. 15 and finak completion by Dec. 31.
million for work funded by federalstimulue money. The four contracts funded by the American Recovery and Reinvestment Act involve resurfacing and shoulde reconstruction work infive Triangle-area counties. NCDOT also let four totaling morethan $3.5 million, for bridg e replacements in Granville and Warren counties. Stimulusd funds will not be used to pay forthose jobs. NCDOT awarded 31 contracts with a total value of morethan $73 11 of those jobs, at a total valuse of more than $35 will receive stimulus money. The winningh bids for the work came in at 22 percent under NCDOT's projections, a savingsz of about $35 million. • Resurfacing and shoulder reconstruction of 7 milesof U.
S. 1 at the Wake County line to N.C. 56 in Franklin County, and of 3 miles of U.S. 158 from U.S. 15 to U.S. 158 in Granvillde County. The $2 million contracr was awarded toof Wilson. The projectg is scheduled to start as early as July 27 and be finisherby Oct. 30. • resurfacing and shoulder reconstructionof 1.9 miles of U.S. 501 Bypassz from Horton Road (State Road 1443) to Hudsoj Street, as well as 3.8 miles of N.C. 98 from Junctioh Road (S.R. 1838) to Sherron Road 1811) and 12.3 miles of threw sections of secondary roads in Durham The $2.2 million contrac was awarded to Barnhill Contracting. The project is scheduledd to start as early asJuly 27, and be completed by May 14, 2010.
Widening, resurfacing and constructing shouldersalong 8.1 milesx of U.S. 1 from Morganton Road (Statew Road 1309) to Aiden Road (S.R. near Southern Pines in Moore County. The $1.2 million contract was awardedto S.T. Wooten. Work can begim as early as July 27, with finalp completion set for Nov. 20. • Resurfacinv 5.1 miles of U.S. 1 from just nortgh of N.C. 15/501 to Farrell Road 1423) near Sanford in Lee County. The $2.1 milliomn contract was awardedto S.T. Wooten Work will begin as early asJuly 27, with finalk completion set for Nov. 20. Replacing the bridge over Fishing Creek on BaltimorweRoad (S.R. 1600) in Warren County.
The $994,20 0 contract was awarded to Atwell Construction Co. of Greenville. The project can begim between Oct. 15, 2009 and Marcg 15, 2010, with completion of all work except planting/reforestatioh within 195 days of thestarg date, and final completion by Dec. 31, 2010. • Replacingt the bridge over Shocco Creekon U.S. 401 in Warrenm County. The $1.43 million contracft was awarded toAtwell Construction. The project can beginj as early asJuly 27, with completio by May 1, 2010. • Replacing the bridgw over Fox Creek on Bob DanielRoad (S.R. in Granville County. The $734,608 contracgt was awarded to Dane Construction, Inc. of Mooresville. The projecg can begin between Nov.
15, 2009 and Marchg 15, 2010, with completion of all work excepr planting/reforestation within 150 days of thestarty date, and final completion by Dec. 31, 2010. Replacing the bridge over Shelton Creekm on Ben ThorpeRoad (S.R. 1309) in Granvillwe County. The $458,565 contract was awardexd to of Statesville. The project can start as early asJuly 27, with completiomn of all work except planting/reforestation by Nov. 15 and finak completion by Dec. 31.
Friday, June 1, 2012
Pension cuts postponed in Illinois Legislature - CBS News
a-aveywe.blogspot.com
New York Daily News | Pension cuts postponed in Illinois Legislature CBS News SPRINGFIELD, Ill. â€" The Illinois Legislature's spring session may be over, but the work isn't. The governor and legislative leaders say they'll c » |
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