Wednesday, March 30, 2011
Nonprofits brace for budget emergency aftershocks, IOUs - The Business Journal of the Greater Triad Area:
While service providers don’t yet know whether they’ll receive IOUs — or what the amounts will be Sparky Harlan, CEO of the in Santa Clara, is prepareed for the worst. “We receivs about $400,000 in state funding,” Harlan said. “We’res already accustomed to getting money from the statdelate — last year, for example, it took untilo December before we finally got paid.” For this year and last year the cente has relied on a $150,000o line of credit through to cover the gap, alonv with $500,000 out of its reserve The center’s operating budget is $10 million for fiscapl 2009-10.
The money that may be on hold from thestat covers, in part, the center’s sheltetr and drop-in program, street outreach, and parentingf classes. “The problem right now is that we don’ know for certain how much they’re going to hold back,” said who has been with the centef for26 years. “But this is by far the worst I’vee ever seen.” In anticipation of the state’s budget problems, 10 percent cuts have already been plannedfor foster-caree payments. Locally there are 300 to 400 kids infostetr care.
Foster care rates are the same acrosesthe state, so families in high-cost areas such as the Bay Area get the same amoun t of compensation as people in more affordables places. “We’re fronting half a millionb dollars already,” she said. It’s a layered proble m for the center, since in additioh to state money some comes from the federapl Housing and UrbanDevelopment department. And Harlan said HUD is so slow it can take up to six monthz for payments tobe received. “We’rre hoping to get paid by July,” she “Nonprofits are just getting slammed.
” Harlabn said the Bill Wilson Center has closedf down two programs already and cut abouty 15 percent ofits staff, leavinfg about 110 employees. These are real layoffs, she pointesd out — not attrition or open jobs and “heartbreaking” to do. “We had to give one staf person a layoff notice and a week laterr his wife was laid off from another she said. in Campbell gets about $500,000 a year from the statwe for itsAIDS services.
CFO Ira Holtzman said the agencu is large enough and financially stable enough that he would just book an IOU as accounts receivabls and hope the money came through TheHealth Trust’s budget for fiscap year 2010 is more than $16 million, Holtzman said. Pam Brandin, executive director of and Visuallyt Impaired, which has offices in Palo Alto and Santa said that even though her agency provides the kind of servicesd that are especially at risk in Statwe ControllerJohn Chiang’s plan, the Vistaz Center is relatively safe. “We receive moneyu through Title 7 Chapter2 services,” Brandin explained.
“Since much of our fundingy is federalmoney we’re hoping that it has to be releasex and passed on; the state won’t be allowee to hold on to it.” The Vista Center also has schoopl contracts through special educatio funding. “Last year when the statse had similar budget issueswe didn’t receive any she said, “but that situation was resolved soonetr than this appears to be. The agencies that receivde IOUsprobably won’t even know they’re coming until they submit their bills.
” She’s also banking on Vista Center’zs status as a preferred vendoer with the state, “so we’ll be paid in advancwe of other vendors — if in fact the state is even writing checks.” Lisa Hendrickson, president & CEO of Avenidasz Rose Kleiner Senior Day Health Center in Palo is also cautiously optimistic. “The only fundzs we receive from the stated are MediCal payments for services provided at our adultdaycare center,” she said. “Our understandiny is that those services are protected by the state constitutionj as well asfederal law. We do receivw funding indirectly throughthe county, but we don’t expecrt that to be affected.
” Tom Kinoshita, public policy directord of the , said peopl e are on pins and needles. “Everyone’se sitting around waiting, not knowing what’sx going to happen. But even with the most optimistifoutcome it’s still going to be very He pointed out that the deficit last year for Santas Clara County was more than $270 and many of the cuts were made in programs around mental health, drugs and alcohol and social And there’s no relief on the horizon: For 2011 the countgy is looking at a deficit of abouy $250 million, he said.
Monday, March 28, 2011
bizjournals: Search Results
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Saturday, March 26, 2011
Investigators determine where plane was heading before crash - WIS
Investigators determine where plane was heading before crash WIS KERSHAW COUNTY, SC (WIS) - Investigators were back at the site of a deadly plane crash in Kershaw County Saturday. They're trying to figure out what went wrong in mid-air and caused the plane to crash Friday. ... |
Thursday, March 24, 2011
Clarkson Construction is low bidder for U.S. 69 improvements - Kansas City Business Journal:
Clarkson’s bid of $82.3 million is expected to be approvec this week by the state transportation spokesman Stan Whitley said The bidwas 9.7 percent lower than the state’s estimatexd cost for the project, $91 The project’s two other biddere were of Chicago, which bid $85.2 and of Basehor, which bid $98.8 The bids were openede May 20. The project will includwe reconstruction ofthe U.S. 69 interchanges with 95th and 103rds streets and the widening of the highway to three lanesx in each direction betweemn 103rd andInterstate 35. It is expected to ease congestionm on the local stretchof U.S.
69, where traffidc volumes are projected to increasefrom 78,189 vehicles a day to 175,600 by 2040, accordinbg to a project fact sheet from the Kansaxs Department of Transportation. The project also will create orsustaijn 2,730 jobs and generate about $225 millioh in economic output during the the fact sheet said.
Wednesday, March 23, 2011
Comair expects 100 additional furloughs - Business Courier of Cincinnati:
The announcement follows a memo July 6 by PresidentfJohn Bendoraitis, who said that under the circumstances, additional furloughs would be unavoidable. Delta on July 2 said it woulcd cut September capacity out ofthe Cincinnati/Northern Kentucky International Airport by 17 percent. That includes the eliminationm of flights as close as Dayton andas far-ofrf as Amsterdam (in mid-August). It will result in a decline in peak-dahy flights to 215 in September, from 270 in In his memo, Bendoraitis said Comair in the second half of Augus expects to see a 9 percent decline in blockhours (hours duringh which the planes are earning Come September, he expects a 20 percent declinde in block hours from the beginnint of August.
Comair does not expect furloughs amongflighr attendants. Spokeswoman Christine Wever, in an said the carrier is workingy with the Air Line PilotsAssociation “to explore every avenue for mitigating the impact. “Thew number of furloughs couls be reduced based on the voluntary optionxs we are able to put in she wrote. Erlanger-based Comair is base at the CVG, the seventh-largest hub operated by Atlanta-based Delta
Monday, March 21, 2011
South I-805 Closes After Fatality Crash - KGTV San Diego
South I-805 Closes After Fatality Crash KGTV San Diego The fatality on southbound Interstate 805, just north of Balboa Avenue, happened just before 6 am, according to the California Highway Patrol. A SigAlert was issued as all southbound traffic was diverted off the freeway at Balboa Avenue. ... |
Saturday, March 19, 2011
List of GM dealerships to close in Minnesota grows - Houston Business Journal:
The industry group said a surve of its members found that 109 of the 149 GM dealerzs in the state will either lose a particular GM be forced to drop some competinb manufacturer brands in theirGM stores, or lose their stores altogether. The number of outright shutdowns has amonth ago, GM indicatesd that 30 dealers would After the giant automaker’s plungse into bankruptcy June 1, roughly 3,60 0 dealers nationwide received new sales The owners of about 1,350 other dealerships were notifief that they needed to wind down as GM That’s in addition to the 1,10 0 that received similar messages last montyh as part of GM’z restructuring, which involves keeping only top dealers and brands.
The new agreementsx also may require surviving dealers to upgradetheid facilities. And there may not be very much dealerss can doabout it, . (subscriptiobn required). GM expects the closings to stargt this year and wrap up by the fallof 2010. In a preses release Friday, Scott Lambert, executiver vice president of the Minnesota Auto Dealers criticized GM’s decision to have dealerss sign new sales agreements with the manufacturer. “Besides the tragic and inexplicable shutdown of profitable GM seems determined to use bankruptc as an opportunity to shakeup everybody’s he said.
“It appears to us that every Pontiac dealeer in the state was informed that Pontiac as a brands will ceaseto “In addition, GM is eliminating many Cadillax dealerships. We believe they plan to reassign some of these franchises which would be in violationb of state law regulatingfranchisde agreements.” Lambert also blasted GM’s decisionsd to close so many stores, even some that are turninvg a profit. “This company is lost right now.
I just don’t understancd how you sell more cars withfewer outlets,” he Susan Garontakos, a spokeswoman for the automaker, declined to comment on the tradd association’s press release because she said the information about what was closingy was confidential and because its such an emotional time for all of the partiez involved. She said the companyh selected which dealerships to close after a careful analysizs that beganin April. “The reality is we don’t have enouguh customers buying vehicles and we have a lot of outlets that are in place to suppory a muchlarger market.
”
Wednesday, March 16, 2011
Hartland start-up wins Business Plan contest - The Business Journal of Milwaukee:
The company has won $50,000 in cash and the said. The council establishes the panel of judges forthe contest. The firm is led by a team of medicao and device design experts who have workec in settings ranging from GE Healthcare tomedicaol start-ups. Eso-Technologies won the Life Sciences category inthis year’s contest, which had 326 entriex this year. Eso-Technologies seeks to developo an esophageal cardiac monitoring device for surgical and criticak care application withinthree years. The device is expected to replace invasive pulmonaryarteru catheters. Winners of the contest were announced Tuesdahy at theWisconsin Entrepreneurs’ Conference in Milwaukee.
They will share more than $200,000 in cash and in-kindx prizes from 33 sponsors. , Michaelp Miller, in the Advanced Manufacturing category: The Madison-areaw company uses proprietary pressure-mapping technologhy to engineer and custom assemble runningb shoes that address the biomechanicap and orthopedic needsof over-40 and experienced helping them prevent injury. , Jim Martin, in the Businessz Services category: The Oshkosh companhy designs, sources, markets and distributeas environmentally friendly apparel and soft home productas through a nationwide network of specialty as well as global catalogt retailers suchas Sundance, the Discovery Channek and others.
, Ophir in the Information Technology category: The Bayside-basedx firm provides online travel networking software that can coordinate air, ground and sea transportation itinerariees and multi-fare level pricing from multipld sources.
Monday, March 14, 2011
Block & Co. Inc. Realtors forms new company - Denver Business Journal:
The brothers — Ken, Stephen and Michaelo Block — have formed , they said in a release The new firm will providwcommercial brokerage, asset and property and investment, development and financial services in Kansaz City and throughout the David Block, a principal and cousin of the leads Block & Co.’s retail real estate He couldn’t immediately be reachesd to comment about how the move might affecy the name or operation of his unit of the “For more than six years, Blockj & Co.
has been comprised of two businesse units,” Ken Block said in the “The business unit run by myself and my brother s has been providing a number of real estatd services that were not provided by theothee unit. My brothers and I began operationsin St. Louia last year, and as we focus on opportunities in othed cities throughoutthe region, we felt it was time to more clearluy identify ourselves with our own company, our own values and our own This transition will allow us to furthedr extend our reach and our services regionally and nationally.
” The move follows a physicalo separation of the two business unitss in March 2006, when Ken Block and his brothersw moved about 80 employees and their growing operations acrossa the street to the Plaza Steppes Building on the . Davicd Block’s unit remained in the Skelly Building, 605 W. 47th St. Alle Block, the father of Ken, Stephen and Michael Block, launched the family real estate business when he acquired the Werby Realty andInvestment Co. in 1940. After serving in the from 1942to 1946, Allehn Block re-established his real estate business in 1946 and was joinesd by his brother and David Block’s father, James who became a partner in 1950.
Until his deatg early this year, Allenb Block remained chairman ofBlock & Co., whichy ranks No. 1 on the Kansas City Businesz Journal ’s list of area commercial realestate companies. Ken Block said that Block Real Estate Services will remain in the Plazas Steppes Building and will continue to be active in Kansaas City business and philanthropic The new firm has a portfolio of more than 17 milliob square feet and employs more than100 people. “Oud current business unit in Block & Co. Inc.
Realtors will continu e in Block Real EstatServices LLC, and all of the brokers and staft members who have been associated with Stephen, Michael and me remain with Ken Block said in the release. Creation of the new companyt will eliminate confusion in the marketplace that had been caused by the existencd of twoBlock & Co. unitzs with different offices, staffs, phone numberas and business approaches, Ken Bloc added in the release. Scott Freeman, a principal with , a nationapl real estate investor with a35 million-square-foot, $4 billion commercial real estate portfolio, said in the releasee that the division of the two Block unitds should help the new companyh expand.
“I often encouraged them to expandc their operation and was pleased when they opened a St. Louis office a littles over a year ago,” Freemamn said in the release. “They are at the top of our serviced providers throughoutthe country, and we think the establishment of Blocki Real Estate Services will now distinguish this experg team both locally and regionally and provide them the opportunit to further expand their service platform.
”
Friday, March 11, 2011
Phillies get taste of reality after Series win on MLB show
The Pen will be narrate by former Phillies relief pitcher and MLB Network analystMitch Williams. The progran takes a look at the lives followingthe team’s 2008 World Series win and the pressures of keepinfg their roster spot for the 2009 team. The seried features relief pitchersBrad Lidge, Ryan Madson, J.C. Scott Eyre, Clay Condrey, Chad Durbin, Gary Jack Taschner, J.A. Happ, Chan Ho Park and bullpebn coachMick Billmeyer, and follows them to everything from fishing tripa and youth baseball games to the White Houswe for a post-World Series visit. The programk also speaks with players following the sudden deathj of longtime Phillies broadcaster Harrgy Kalas onApril 13.
“As a reality-based series The Pen is the ultimatd look into the lives of these both on and offthe field,” said Tony Petitti, president and CEO of MLB “So much of what we know about relierf pitchers is based on statistics and saves, and a series like The Pen givezs a level of familiarity to each player.” The programm marks the first program ever produceds using a camera and microphones installef in a Major League bullpen to film in-gamre and practice footage. Two other cameraws were installed in CitizensBank Park, one behinx home plate and one at low first and were controlled by MLB Network’s headquarteras in Secaucus, N.J.
Producer Dannt Field suited up as a catcher with a camerz attached to his mask to capture footagw during spring trainingin Clearwater, Fla. The majority owner of the MLB Network is MajorLeague Philadelphia-based (NASDAQ:CMCSA, CMCSK), Cox Communications, DirecTg and Time Warner also own interestse in the network.
Wednesday, March 9, 2011
NYSE and Deutsche Börse: Bigger does not always mean better - Fortune
NYSE and Deutsche Börse: Bigger does not always mean better Fortune But does bigger mean better? For those who invest in shares of such bulked-up trading institutions, the answer appears to be no. Despite a broad market recovery, Bloomberg's index of global exchanges remains 42% below its 2007 peak. ... |
Sunday, March 6, 2011
Sheen's real-life soap opera makes broadcast debut online - USA Today
NEWS.com.au | Sheen's real-life soap opera makes broadcast debut online USA Today Sheen's initial Ustream broadcast, which also addressed his children and introduced his supporting cast (or network of friends), has now received more than 1.2 million views (recorded and live), Ustream spokesman Tony Riggins says in an e-mail. ... Charlie Sheen rambles in Internet broadcast Charlie Sheen debuts 'Sheen's Korner' via Ustream broadcast Charlie Sheen Debuts 'Sheen's Korner' UStream Broadcast |
Friday, March 4, 2011
Jones Graduate School gets new name - Houston Business Journal:
Previously the school was called theJesse H. Jonea Graduate School of Management. In conjunction with the name the school will create a new logo that incorporates the Rice Universitty nameand shield. Through the graduate school said it found that most top MBA programds used theterm “business” rathee than “management,” and that people performing online searches to find the schoolo were using the term “business.
” “The updatde in the Jones School’s name and graphi c identity better reflects our associatio n with Rice University and provides clearer branding for the Jones School’s exciting programws and initiatives,” Bill Glick, dean of the Jonesx School, said in a statement. “Everyone alreadg knows us as abusinesws school. The ‘business’ designation in our new name better capturees the breadth of ourcurrent offerings.” In a new Web site will launch in Other changes for the schoo l include adding a weekend MBA program.
Tuesday, March 1, 2011
Rowan to remain in jail pending sentencing - Minneapolis Star Tribune
Rowan to remain in jail pending sentencing Minneapolis Star Tribune Denny Hecker's girlfriend Christi Rowan is staying in jail. She decided Tuesday not to ch » |