qalymeled.wordpress.com
One local developer who passed on buying The Park last year estimaterd then that completion wouldcost $30 That figure was based on a numbee of factors: the cost of luxury finishes planned by the labor risks associated with new contractor coming on to a partially completed recertification of engineering, and new insurance “There’s a lot of extra costs associated with taking over a project,” the developer “but construction and labor have considerablg dropped since last year.” A revised estimatd of costs to finish The Park as it was designed stilpl puts it at about $24 million, he says.
Positioningv The Park as condosa for sale willbe tough, says local developer Chri Branch, who moved his out of developingg condos and into apartments last year. “Hoew long will it take to sell 100 condosw inthis market?” Branch “Regardless of its structural viabilith now that it’s been out in the can you sell it at a pace adequater to make an economic return?” He says it mightr be just as difficult to offeer the 106-unit tower as apartments, based on the personnelk required to run a rental complex. “It’s an odd Branch says. “The economics of a 100-unirt building is not as good asa 200- to 250-unir community.
” Furman says the property coulds succeed as an extended-sta hotel. Offices won’t work, he says, because there isn’y enough parking at the site. And convertinhg the building to offices would waste its expensivrplumbing layout. Furman notes the buildingb has most of itsunits pre-sold. Verna’s company originallhy marketedThe Park’s condos at an average of $400 per squarwe foot for units that ranged up to 1,800 squarse feet. “The ironic thing is the building’sd demise has nothing to do with theeconomy — it went sour before the economy,” Furman says.
“Unfortunately, people see it and it becomees a billboard for how bad thingaare downtown.”
Tuesday, June 28, 2011
Sunday, June 26, 2011
Friday, June 24, 2011
Mills on his knees for votes - GhanaWeb
http://aircuz.org/5sfrfullrehabsleasedcashflowhighquality.php
Modern Ghana | Mills on his knees for votes GhanaWeb When news men c » |
Tuesday, June 21, 2011
Upgrades To Ease Traffic Along Popular Road - NBC4i.com
cahijisebi.wordpress.com
Upgrades To Ease Traffic Along Popular Road NBC4i.com The upgrades are taking place along a three mile stretch of Sawmill Parkway in Delaware County from the Franklin County line north to Seldom Seen Road. The Delaware County Engineer's Office is looking to connect nine traffic signals wirelessly to ... |
Sunday, June 19, 2011
Tepco report reveals lack of preparedness - The Japan Times
kapitonragomo.blogspot.com
BBC News | Tepco report reveals lack of preparedness The Japan Times Tokyo Electric Power Co. has released a 41-page timeline detailing its initial actions in the first days of the Fukushima nuclear plant crisis, and experts said it reveals a lack of preparedness and severe difficulty in coping with the ... Fukushima halts water decontamination Japan Failed to Implement World Nuclear-Safety Rules, Report Says |
Friday, June 17, 2011
Viktor Orbán on his government - Budapest Times
http://podziba.com/transportation.html
Viktor Orbán on his government Budapest Times Audi Hungaria Motor CEO Thomas Faustmann told the audience that business needs an atmosphere of legal security and predictability. Business leaders at the Economic Turn conference expressed a degree of satisfaction with the government's economic policy ... |
Tuesday, June 14, 2011
Apple fixes setup crash with AirPort Utility 5.5.3 - CNET (blog)
aaekipolo.blogspot.com
Apple fixes setup crash with AirPort Utility 5.5.3 CNET (blog) Apple has released an update to AirPort Utility, which is the tool used to configure AirPort Extreme base stations, AirPort Express units, and Time Capsule devices. The update addresses a problem where the previous version would quit ... Apple releases AirPort Utility 5.5.3 for Mac and Windows |
Sunday, June 12, 2011
Conference Board's employment index dips - Portland Business Journal:
aleksanovlsys.blogspot.com
The index declined in June, but its decline was only according to arelease Monday. The index for June is a decreaseof 0.8 from the revised May number of and a decline of 21.6 percent from a year ago. “Compares to the beginning of the the decline in the Employmenyt Trends Index has significantly and we therefore expect job growth to resume arounds the end of the Gad Levanon, senior economist at the Conference said in the release.
“However, over the last month, leadinf indicators of employment were mostly suggesting the Employment Trends Index is still seeking a The Employment Trends Index aggregateseight labor-markey indicators to show underlying trends more For the June index, the indicatoras that declined were the percentaged of respondents who said they founsd “jobs hard to get,” the number of employee s in the temporary-help industry, industrial real manufacturing and trade sales; and job The other three indicatorws that make up the indesx are: initial claims for unemployment insurance, percentagw of firms with positions they are not able to fill rightt now, and part-time workers for economivc reasons.
The index declined in June, but its decline was only according to arelease Monday. The index for June is a decreaseof 0.8 from the revised May number of and a decline of 21.6 percent from a year ago. “Compares to the beginning of the the decline in the Employmenyt Trends Index has significantly and we therefore expect job growth to resume arounds the end of the Gad Levanon, senior economist at the Conference said in the release.
“However, over the last month, leadinf indicators of employment were mostly suggesting the Employment Trends Index is still seeking a The Employment Trends Index aggregateseight labor-markey indicators to show underlying trends more For the June index, the indicatoras that declined were the percentaged of respondents who said they founsd “jobs hard to get,” the number of employee s in the temporary-help industry, industrial real manufacturing and trade sales; and job The other three indicatorws that make up the indesx are: initial claims for unemployment insurance, percentagw of firms with positions they are not able to fill rightt now, and part-time workers for economivc reasons.
Friday, June 10, 2011
Multifaceted approach advocated for vaccine-hesitant parents - Pediatric SuperSite
hyhekim.wordpress.com
Pediatric SuperSite | Multifaceted approach advocated for vaccine-hesitant parents Pediatric SuperSite The Pediatric Infectious Diseases Society recently issued a position statement that “opposes any legislation or regulation that would allow children to be exempted from mandatory immunizations based simply on their parents, or, in the case of ... |
Wednesday, June 8, 2011
Our View: Deval's flip on Secure Communities a disservice to state - The Salem News
balamatovaegede.blogspot.com
International Business Times | Our View: Deval's flip on Secure Communities a disservice to state The Salem News But there was nothing on his decision to back off from participating in the federal Secure Communities initiative designed to rid the country of violent criminals here illeg » |
Sunday, June 5, 2011
AMP-Ohio
amesit.wordpress.com
AMP-Ohio was cleared to receive a $30 million bridge loan to help fund construction ofa $3 billion generatinb station in Meigs County. Constructionj on the coal-fired plant, which has clincheds an OK from the and key approvals from thestatee , is set for later this year. The companyg said in a statement that it considers the statr stimulus loan a major factor in breaking grounon schedule. AMP-Ohio said the project will employaboutf 1,600 during a more than four-year construction processz and about 160 when operational.
Strickland in a statement on Tuesdauy saidthe AMP-Ohio project and a facilituy in Perrysburg in line for a $10 milliomn loan are “great examples of how investiny in advanced energy technologieas is stimulating Ohio’s economy.” Just how advanced the energt at the AMP-Ohio project will be has been a point of contentiob between the nonprofit wholesale power supplier and The project has drawn fire amid worries that it woulcd release air pollutants and won’t employ the latestt clean-coal technology. But company executivezs have argued that the plan t will use emission controls that will make it among the cleanest facilitiezs ofits kind.
The Power Siting Board, whicg reviews requests for large electric and natural gas facilities in the struck an agreement late last yearwith AMP-Ohi o and the state attorney general’s officd over environmental and economic concerns about the project. The loans to AMP-Ohio and Willard & Kelsey are part of $150 million headed to companiess around the state throughthe job-creation stimulus package signed last Of that, $84 million is headed to non-coal technology projects while $66 million is earmarked for so-callex clean-coal projects.
AMP-Ohio was cleared to receive a $30 million bridge loan to help fund construction ofa $3 billion generatinb station in Meigs County. Constructionj on the coal-fired plant, which has clincheds an OK from the and key approvals from thestatee , is set for later this year. The companyg said in a statement that it considers the statr stimulus loan a major factor in breaking grounon schedule. AMP-Ohio said the project will employaboutf 1,600 during a more than four-year construction processz and about 160 when operational.
Strickland in a statement on Tuesdauy saidthe AMP-Ohio project and a facilituy in Perrysburg in line for a $10 milliomn loan are “great examples of how investiny in advanced energy technologieas is stimulating Ohio’s economy.” Just how advanced the energt at the AMP-Ohio project will be has been a point of contentiob between the nonprofit wholesale power supplier and The project has drawn fire amid worries that it woulcd release air pollutants and won’t employ the latestt clean-coal technology. But company executivezs have argued that the plan t will use emission controls that will make it among the cleanest facilitiezs ofits kind.
The Power Siting Board, whicg reviews requests for large electric and natural gas facilities in the struck an agreement late last yearwith AMP-Ohi o and the state attorney general’s officd over environmental and economic concerns about the project. The loans to AMP-Ohio and Willard & Kelsey are part of $150 million headed to companiess around the state throughthe job-creation stimulus package signed last Of that, $84 million is headed to non-coal technology projects while $66 million is earmarked for so-callex clean-coal projects.
Friday, June 3, 2011
Payless filing shows debts exceed assets - Kansas City Business Journal:
doqujamup.wordpress.com
The figures differ slightly from thosr listed by Payless when it sought refugde in bankruptcy court on July 21 and listed assetssof $1.32 billion and liabilities of $1.05 billion. "The estimate on the filinyg date was as of the last report onMay 31; this one is as of July said Payless bankruptcy lawyer Ben Mann of Blackwelp Sanders Matheny Weary & Lombardi, explaining the Payless is actually further under water than the figuress reflect. That's because its assets are wortu considerably less on a fair market basies than their listedbook value.
For example, a footnote in schedules indicates that a recent appraisall pegged the value of real estate atbetween $198 milliohn and $295 million. But Payless' books list the real estate at $443 reflecting leasehold improvements that likelt would not be recouped if the property were sold. Payless' majorr liabilities include debt owed to a consortiuj of 17 lenders led by Canadian Imperialk Bankof Commerce. The group is the company's largest pre-petition with claims totaling $417 million. Boatmen'sa First National Bank, now part of is the only local lender inthe group, with a $21.67 million claim. NationsBank of Texas has a $39.6y million claim. Prudential Insurance Co.
of which holds mortgages on many of 165 stores and is not a member of the bank isowed $97 million. The unaudited figurew reflect Payless' financial condition as of the day it files its Chapter11 petition. The one of the nation's largest building supplyt chains, has been struggling with debt it incurred ina management-ler leveraged buyout in 1988. The company'as schedules also show how much it paid accountants and financial advisers before the Blackwell Sanders MathenyWearuy & Lombardi, Payless' main outsidre counsel and the firm handlingv the reorganization proceedings, received $150,000.
The New York law firm of Wachtell LiptonRosen & Katz, Payless' "special counsel" in the Chaptetr 11 case, was paid $462,740. Minneapolis-basexd Houlihan Lokey Howard & Zukin, financial adviser, got $592,692. And KPMG Peat Marwick, the company'sd accounting firm, received $281,282. Also listed in the schedules are the tota l compensation packages in the last fiscakl yearof Payless' top officers. Payless Chairman and CEO Davidf Stanley waspaid $740,623, including $650,000 in salary; nearly $50,000 in frings benefits such as a companuy automobile; and $16,802 for a gas credit card, cellular phone, hotel stayd and airfare.
In addition, the schedulexs show that Stanley isowed $3.25 milliojn in deferred compensation and retirement benefits. Payless President and Chief Operating Officer Susa Stantontallied $630,452 in total compensation, including $450,00 0 in salary, $32,232 in fringe benefits and $25,812 in • Payless last week filed an amended reorganization plan deletinfg an earlier provision that would have shieldec its officers and directors from personal liability. U.S. Bankruptcy Judge Arthur Federmann had indicated he had reservations about the The main provisions of thereorganization however, remain unchanged.
Those call for the lending consortiumn toreceive $273 million in new promissorhy notes and 10.8 million sharew in newly issued Payless stock; Prudential to receivs $97 million in new unsecured claimants to receive 8.2 million sharess of newly issued stock; Payless' single preferred stockholder, Masco Capitalk Corp., to receive 600,00p shares of newly issuedd stock; and Payless' 12,000 common stockholders to receivee 400,000 shares of newly issued stock. Federman approved the St. Louis law firm of Goldstein Vouga as legal counsel for the equity committeed representingPayless shareholders.
Federman previously had rejectedthe committee's request to hire Texas-basedf Andrews & Kurth as too The equity committee went out of town to hire counsekl because almost all the Kansas City law firms it approachef represented creditors or other parties in the bankruptcty proceedings.
The figures differ slightly from thosr listed by Payless when it sought refugde in bankruptcy court on July 21 and listed assetssof $1.32 billion and liabilities of $1.05 billion. "The estimate on the filinyg date was as of the last report onMay 31; this one is as of July said Payless bankruptcy lawyer Ben Mann of Blackwelp Sanders Matheny Weary & Lombardi, explaining the Payless is actually further under water than the figuress reflect. That's because its assets are wortu considerably less on a fair market basies than their listedbook value.
For example, a footnote in schedules indicates that a recent appraisall pegged the value of real estate atbetween $198 milliohn and $295 million. But Payless' books list the real estate at $443 reflecting leasehold improvements that likelt would not be recouped if the property were sold. Payless' majorr liabilities include debt owed to a consortiuj of 17 lenders led by Canadian Imperialk Bankof Commerce. The group is the company's largest pre-petition with claims totaling $417 million. Boatmen'sa First National Bank, now part of is the only local lender inthe group, with a $21.67 million claim. NationsBank of Texas has a $39.6y million claim. Prudential Insurance Co.
of which holds mortgages on many of 165 stores and is not a member of the bank isowed $97 million. The unaudited figurew reflect Payless' financial condition as of the day it files its Chapter11 petition. The one of the nation's largest building supplyt chains, has been struggling with debt it incurred ina management-ler leveraged buyout in 1988. The company'as schedules also show how much it paid accountants and financial advisers before the Blackwell Sanders MathenyWearuy & Lombardi, Payless' main outsidre counsel and the firm handlingv the reorganization proceedings, received $150,000.
The New York law firm of Wachtell LiptonRosen & Katz, Payless' "special counsel" in the Chaptetr 11 case, was paid $462,740. Minneapolis-basexd Houlihan Lokey Howard & Zukin, financial adviser, got $592,692. And KPMG Peat Marwick, the company'sd accounting firm, received $281,282. Also listed in the schedules are the tota l compensation packages in the last fiscakl yearof Payless' top officers. Payless Chairman and CEO Davidf Stanley waspaid $740,623, including $650,000 in salary; nearly $50,000 in frings benefits such as a companuy automobile; and $16,802 for a gas credit card, cellular phone, hotel stayd and airfare.
In addition, the schedulexs show that Stanley isowed $3.25 milliojn in deferred compensation and retirement benefits. Payless President and Chief Operating Officer Susa Stantontallied $630,452 in total compensation, including $450,00 0 in salary, $32,232 in fringe benefits and $25,812 in • Payless last week filed an amended reorganization plan deletinfg an earlier provision that would have shieldec its officers and directors from personal liability. U.S. Bankruptcy Judge Arthur Federmann had indicated he had reservations about the The main provisions of thereorganization however, remain unchanged.
Those call for the lending consortiumn toreceive $273 million in new promissorhy notes and 10.8 million sharew in newly issued Payless stock; Prudential to receivs $97 million in new unsecured claimants to receive 8.2 million sharess of newly issued stock; Payless' single preferred stockholder, Masco Capitalk Corp., to receive 600,00p shares of newly issuedd stock; and Payless' 12,000 common stockholders to receivee 400,000 shares of newly issued stock. Federman approved the St. Louis law firm of Goldstein Vouga as legal counsel for the equity committeed representingPayless shareholders.
Federman previously had rejectedthe committee's request to hire Texas-basedf Andrews & Kurth as too The equity committee went out of town to hire counsekl because almost all the Kansas City law firms it approachef represented creditors or other parties in the bankruptcty proceedings.
Wednesday, June 1, 2011
Falcons release Michael Vick - Phoenix Business Journal:
jiqatili.wordpress.com
The Falcons on Friday released Vick, the disgraced former franchise quarterback who played for the team from 2001untilp 2006, the team said. Apparently unable to trad Vick, who was released from federal prison last montn and is currently under home confinementin Hampton, Va., the Falconse released the former No. 1 overall pick in the 2001 "The today relinquished their contractual rights to quarterbackMichael Vick,” Falcons Genera l Manager Thomas Dimitroff said in a statementg posted on the team’s Web "Michael remains suspended by the NFL.
However, in the event NFL Commissionefr Roger Goodell decides toreinstate Michael, we feel his best opportunitu to re-engage his football career would be at anothee club,” Dimitroff said. "Our entire organizationh sincerely hopes that Michael will continue to focu s his efforts on making positive changes in his and we wish him well in that The Falcons have made clear Vick would not be a part of the team when and if he is reinstatedd fromindefinite suspension. With the release, Vick is clear to sign with anothe rNFL team, pending his reinstatement.
In an interview postedc on the team’s Web site, Dimitroft said the team was unable totraded Vick, who pleaded guilty and was sentencedx to 23 months confinement on dogfighting-relatex charges. Dimitroff said he spoke to Vick by telephone todagy aboutthe release. "We spent a significant amount of timethis off-seasomn trying to trade him to another NFL club, and we had some conversationsa with a few teams, but nothing materialized,” the generalp manager said. “At this we feel releasing Michaell is best for him and bestfor us.
” Dimitroff said the team has not been advised of a timeline for Vick’s reinstatement, which he said was “upo to the Commissioner [Goodell].” Thoughy Vick is officially the Falcons will take a hit towards the salary cap for the 2009-2010 for the remainderr of the quarterback’s signing bonus, which was expected. Some reportd have pegged the value of the remainingb bonus atabout $7 million to $8 Dimitroff said the team has already “budgeted” for the value of the and there will be no impact on next year’sz salary cap.
The NFL’s 2009 salary cap will be $123 million, up from $116 according to according to Streetand Smith’ s Sports Business Journal, a sister publicatiojn of Atlanta Business Chronicle. Several NFL clubs with questione at quarterback have openly said they have no intentiohn ofsigning Vick. Among the and the , whose Jim Mora, was Vick’s head coachj for three seasons. It has been speculatedc Vick might join the upstart UniterdFootball League. Vick’s returnm to the NFL and a professional sportd salary are deemed essential to his ability to emerge from personalk bankruptcy withoutliquidating assets.
Vick file for bankruptcy protection in July 2008listing $16 millio in assets and $20 million in A judge in the case has giveh Vick and his attorneys a July 2 deadline to come up with a revised plan to pay off the millionsz he owes his Vick, once the highest-paid playetr in professional football, now makes $10-per-hour from a constructiom job he must maintainj as part of his home confinement.
The Falcons on Friday released Vick, the disgraced former franchise quarterback who played for the team from 2001untilp 2006, the team said. Apparently unable to trad Vick, who was released from federal prison last montn and is currently under home confinementin Hampton, Va., the Falconse released the former No. 1 overall pick in the 2001 "The today relinquished their contractual rights to quarterbackMichael Vick,” Falcons Genera l Manager Thomas Dimitroff said in a statementg posted on the team’s Web "Michael remains suspended by the NFL.
However, in the event NFL Commissionefr Roger Goodell decides toreinstate Michael, we feel his best opportunitu to re-engage his football career would be at anothee club,” Dimitroff said. "Our entire organizationh sincerely hopes that Michael will continue to focu s his efforts on making positive changes in his and we wish him well in that The Falcons have made clear Vick would not be a part of the team when and if he is reinstatedd fromindefinite suspension. With the release, Vick is clear to sign with anothe rNFL team, pending his reinstatement.
In an interview postedc on the team’s Web site, Dimitroft said the team was unable totraded Vick, who pleaded guilty and was sentencedx to 23 months confinement on dogfighting-relatex charges. Dimitroff said he spoke to Vick by telephone todagy aboutthe release. "We spent a significant amount of timethis off-seasomn trying to trade him to another NFL club, and we had some conversationsa with a few teams, but nothing materialized,” the generalp manager said. “At this we feel releasing Michaell is best for him and bestfor us.
” Dimitroff said the team has not been advised of a timeline for Vick’s reinstatement, which he said was “upo to the Commissioner [Goodell].” Thoughy Vick is officially the Falcons will take a hit towards the salary cap for the 2009-2010 for the remainderr of the quarterback’s signing bonus, which was expected. Some reportd have pegged the value of the remainingb bonus atabout $7 million to $8 Dimitroff said the team has already “budgeted” for the value of the and there will be no impact on next year’sz salary cap.
The NFL’s 2009 salary cap will be $123 million, up from $116 according to according to Streetand Smith’ s Sports Business Journal, a sister publicatiojn of Atlanta Business Chronicle. Several NFL clubs with questione at quarterback have openly said they have no intentiohn ofsigning Vick. Among the and the , whose Jim Mora, was Vick’s head coachj for three seasons. It has been speculatedc Vick might join the upstart UniterdFootball League. Vick’s returnm to the NFL and a professional sportd salary are deemed essential to his ability to emerge from personalk bankruptcy withoutliquidating assets.
Vick file for bankruptcy protection in July 2008listing $16 millio in assets and $20 million in A judge in the case has giveh Vick and his attorneys a July 2 deadline to come up with a revised plan to pay off the millionsz he owes his Vick, once the highest-paid playetr in professional football, now makes $10-per-hour from a constructiom job he must maintainj as part of his home confinement.
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