Internet Archive unleashes 1PB of data through BitTorrent - Computerworld

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Wednesday, August 8, 2012

Six Flags files Chapter 11 bankruptcy - Jacksonville Business Journal:

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has initiated Chapter 11 bankruptcy proceedings, Six Flags announced Saturday. Six (OTCBB: SIXF) board of directora on June 12 voted to begin reorganizatio proceedingsin U.S. Bankruptcy Court for the District of The company listed assetsof $3.0w3 billion and debts of $2.36 billion in its filing. New York-basedf Six Flags is plannint to reorganizethe company’as financial structure, which management said is feelinv the pressure of an inherited $2.
4 billion In a letter to employees, Six Flags CEO and presidentf Mark Shapiro said the company’s debt is left over from previouws management and despite the company making $275 milliohn last year, it has been difficult for Six Flagds to improve its balance sheet when paying out $175 millio n in interest on debt, Shapiro He added that more than $400 millioh in debt is due within the next 12 and the company is having to spenfd $100 million in park improvements in an atmospher where refinancing is difficult. Shapiro assured employees no staft reductions will arise out ofthe filing, and employeesz will continue to be paid and receive benefits.
Shapiro said the bankruptcy plan has the supporgt ofthe company’s lenders and the agenrt administering the company’s $1.1 billion senior secured credir facility. Six Flags parks, includintg Six Flags Great America, will continue to operat e as usualunder reorganization. Six Flags sold several propertie s last year toraise capital. It still operates 20 amusementt parks inNorth America.

Monday, August 6, 2012

Hoyt leases up, won't redevelop Deere site - Minneapolis / St. Paul Business Journal:

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Instead, Brad Hoyt's has found two largre tenants to lease most ofthe 400,000-square-foot He's also planning to build more industrialk space on the 41-acre site. Lakeville-based Progressiver Rail Inc., a short-line railroad that serveds thesouth metro, has leasec more than half of the Package delivery operator DHL International leasexd the remaining space and has an optio to expand. Hoyt had considered multiple uses for the site at the cornere of 94th Street and PennAvenuse South, including big-box retail and a proposal for a mixed-uss church-oriented athletic village.
But after meetint with Bloomington officialsthis summer, Hoyt decided the site was best suiteed for industrial tenants that would support good Moline, Ill.-based Deere shuttered its distributiob center at the site in early 2005. The company once had 130 employeeswon site, but that number had dwindledr to fewer than 50 last Hoyt spent several months trying to figure out how to redevelopl the site and vacant distribution center. Progressive Rail will allowa itsclients -- several large lumber mille and retailers -- to use the building as a distributionm center.
The private railroad is expandingb its rail line to connect with the Dave Fellon, president of Progressive Rail, declinec to say which companies will use the Last week, Hoyt signed DHL to a long-term leasde for a package-processing facility that will occupy the western portion of the building. It will move about 150 employees into the space in The company is expanding in the Twin Cities and will move operationxs from other locations in the a companyspokesman said. DHL was representee by CB Richard Ellis brokerzsNed Burns, based in Stamford, Conn., and Bryah Van Hoof, in the Bloomingtobn office. Combined, Progressive Rail and DHL will occupyabou 370,000 square feet.
Hoyt is still tryingf to find a tenant forthe 30,000-square-foot offic e portion of Deere's building. Hoyt had interestt from many retailers onthe site, including several well-known big-box chains, but none were "willing to step up to the Hoyt said. In February, a unique proposal for the site surfacexdfrom husband-and-wife entrepreneurs Ross and Stephanise Smith of Bloomington, who wanted to redevelol the site into a $70 million to $80 millionm mixed-use athletic training facility, complete with swimming pool, domed soccer field and multiple sheets of ice, all in a Christian-friendluy environment.
The Smiths, who couldn't be reached for comment, were tryinbg to line up funding for the project last They stopped pursuing the Deere site last according to acity 350,000-square-foot expansion planned Tom Simon, a broker in the Bloomingtomn office of CB Richard Ellis, is marketingh the property for Hoyt's Wayzata-based Hoyt plans to develop a 175,000-square-foot industrial building on the west side of the He will submit plans to the city early next year for though the zoning will stay as it is. Hoyt also planas to develop a third building on the northwest corner of the property that could beabour 175,000 square feet, depending on how the site plan is laid out, Simo n said.
In an e-maip message, Hoyt touted the project's promisse to ensure a steady baseof living-wage jobs for Bloomington residents. "As a Bloomingtoj Jefferson alumnus, I am most proud of that he said. Hoyt raised eyebrows in the real estat e market when he bought the Deere site for ahefty $14 but the gamble is paying off, said Jon an industrial broker at Bloomington-based United "Brad Hoyt is amazing. He takes things and readas the market and he does very well with Yanta said. Many of the othee developers and companies that looked at the Deere site consideref razing theexisting building.
however, believed he could fill the spacew withnew tenants, which allowed him to justifyg a slightly higher acquisition price. "He'd the ultimate entrepreneur of entrepreneurs," said Yanta. "Where the average person is afraid to go ahead and do acertaijn development, Brad Hoyt isn't afraid to compete and to make it

Sunday, August 5, 2012

Nonprofit sector in need of qualified leaders amidst change - Deseret News

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Computerworld

Internet Archive unleashes 1PB of data through BitTorrent Computerworld In a blog post, The Internet Archive said it is offering 1.5 million torrents including live music concerts, the Prelinger movie collection, the librivox audio book collection, feature films, old time radio, more than 1.2 million books, and " »

Deseret News

Nonprofit sector in need of qualified leaders amidst change Deseret News A lack of trained and qualified leaders in the nonprofit sector is a major concern for organizations, according to a recent study by the Bridgespan group. The study found that only 6 percent of nonprofit leaders "strongly agreed" that they were highly ... and more »

e-Libro Partners with OCLC, Signs its 150th Publisher - MarketWatch (press release)

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e-Libro Partners with OCLC, Signs its 150th Publisher MarketWatch (press release) PALO ALTO, Calif., July 12, 2012 /PRNewswire via COMTEX/ -- e-Libro, a leading provider of Spanish language e-books delivered on the ebrary platform, today announced that all e-Libro e-books will soon be discoverable through OCLC's WorldCat, the ... and more »

Austin only major city to add jobs in last year - Minneapolis / St. Paul Business Journal:

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The region added about 3,400 jobs between April 2008 andAprikl 2009, making it the only one of the nation'as 38 largest cities to post a job gain, new data from the Bureaju of Labor Statistics shows. This is the thirds consecutive month that Austin has outperformed all of theother U.S. citiees with labor forces of 750,000 or The unemployment rate for April stoodcat 5.8 percent. The 0.4 percent increasd in job totalsis modest, but still a bette r showing than cities such as Portlande (down 4.7 percent) and Raleigh, N.C. (down 3.3 percent).
Jobs in goodw producing industries in the Austin area droppexd by 500 jobsin April, a slowdow n from the rapid pace of recent according to an analysis of the data from the Capitalp Area Council of Governments. hotel, and restaurant jobs are all up from this time last And professional and business service sector employment is back toits all-timr high last seen in October 2008. But anothere key sector for the region, technology, isn't doing quite as well. Computer, semiconductor and othed electronic component manufacturing isstill falling. Jobs in the semiconducto segment fellto 15,700 jobs, back to spring 2006 totals. As Texa s cities go, Austin's 5.
8 percent unemployment rate was one ofthe Dallas-Fort Worth stood at 6.6 percent in April and Houstom at 6.3 percent. Only San Antonio'es rate was lower than Austin'sd at 5.4 percent. Smaller metrko areas including McAllen, Brownsville and Beaumount all had ratew above8 percent.

Coors Light sponsors Puerto Rican Day events - The Business Journal of Milwaukee:

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The sponsorship involvement by the MillerBrewing Co./Coors Brewiny Co. joint venture also includes a donationof $75,00o0 for scholarships to the National Puerto Ricam Day Parade and Diversity Foundation Scholarship Funds. The fundes enable students to complete their high schoopleducation and/or continue their studies at an institutioh of higher learning. More than 500 studentss from 25 states have benefited from the programj since its inceptionin 1997. which claims Coors Light is the best-selling beer in Puerto Rico and New York said the annual Puerto Ricabn Day parade in Manhattan attractds threemillion spectators.
In a week-long festival includese a parade thatattracts 700,000, making it the largestt Hispanic event in the city. Financiall terms of the Coora Light sponsorship werenot disclosed.