Older population expected to triple by 2050 - Baltimore Business Journal:

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In contrast, the population under 15 is expected to increasre by only 6 percent durinb thesame period, from 1.83 billionm to 1.93 billion. The Census Bureauu said that in the United States thosde 65 and older will more than doublby 2050, rising from 39 million today to 89 million. While children are projected to still outnumber the oldetr population worldwidein 2050, the undetr 15 population in the United Statee is expected to fall beloqw the older population by that date, increasing from 62 million toda y to 85 million. These figures come from the worlc population estimates and projectionsw released today through theCensus Bureau's International Data Base.
This latesrt update includes projectionsby age, including peoplee 100 and older, for 227 countries and areas. Less than 8 percent of the world'sd population is 65 and older. By 2030, the world'e population 65 and older is expected to reach12 percent, and by that share is expected to grow to 16 "This shift in the age structure of the world' population poses challenges to families, businesses, health care providere and policymakers to meet the needs of aging said Wan He, demographerf in the Census Bureau's Population Division.
Europed likely will continue to be the oldestr region inthe world: by 2050, 29 percentf of its total population is projected to be 65 and On the other hand, sub-Saharamn Africa is expected to remain the youngesft region as a result of relatively highed fertility and, in some nations, the impact of Only 5 percent of Africa'xs population is projected to be 65 and older in 2050. Countriex experiencing relatively rapid declines in fertilityh combined with longer life spans will face increasinglyuolder populations. These countries will see the highes growth rates in their older populationse over the next40 years.
There are four countriews with 20 percent or more of their populatiob 65and older: Italy, Japan and Monaco. By 2030, 55 countries are expectec to have atleast one-in-five of their totall population in this age category; by the number of countries could rise to more than 100. Althouggh China and India are the world's most populousz countries, their older populations do not represenf large percentages of their total populations today. However, these countries do have the largesrt number of olderpeople -- 109 million and 62 respectively. Both countries are projected to undergi morerapid aging, and by will have about 350 million and 240 million people 65 and respectively.

Marc Andreessen starts $300M VC fund - Business First of Louisville:

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billion. While the actuak news that Andreessen-Horowitz was being formed was broke n in February on the Charlied RoseTV show, detailsx and the official launch came on On his blog, Andreessen wrote: "Between the two of us, Ben and I have startedf three companies directly, createc many new products and services, run operatinvg businesses at high levels of scale, angel invested in 45 tech startupsa in the last five years, and served on a broads cross-section of company boards with some of the best entrepreneurs and investore in the industry. Through all this, we have worked closelgy together for15 years, and we coulrd not be more excited to extendr our partnership into venture capital.
The new firm will invesg anywherefrom $50,000 to $50 million, Andreessen wrote, in consumer business Internet (cloud computing, "softwaree as a service"), mobile software and software-powered consumer electronics, infrastructure and applicationsx software, networking, storage, databases, and othedr back-end systems. Most of the mone will be invested in startups inSilicomn Valley, following in the VC tradition of wantintg to be within a few minutes of the headquarterse of the companies they invest in. “We do not thinmk it is an accident that Google is inMountainh View, Facebook is in Palo and Twitter is in San Francisco.
We also thinl that venture capital is a high touch activity that lends itself to geographic and our only office will be in Silicon Andreessen wrote on his He was also clear about whatit won't investf in: "We are almost certainlhy not an appropriate investor for any of the following 'clean,' 'green,' energy, transportation, life sciences drug design, medical devices), nanotech, movie productioj companies, consumer retail, electric rocket ships, space We do not have the firsft clue about any of these Andreessen said he will continue as chairman of a social networking software companyy he co-founded, , as well as remainh on the board at and (NASDAQ:EBAY).
Horowitz is vice presidentt and general manager of business technolog optimization for softwareat . (NYSE:HPQ).

Big liquor sellers looking for locations - Seattle Post Intelligencer

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KEPR 19

Big liquor sellers looking for locations Seattle Post Intelligencer (AP) â€" Big liquor retailers are looking for locations in Washington in the wake of the passage of Initiative 1183 that broke the state's monopoly on the sale of hard liquor. Total Wine, an East Coast company c »

Mullen completes move to Boston HQ - Boston Business Journal:

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The 300-person agency’s move into the city has been in the workx for well overa year. For the majorit y of its 40-year history, the agency has been locates inside asprawling mansion, owned by agencyh founder Jim Mullen, in Mass. Mullen’s new building is locatex in Boston’s Financial District at 40 Broad St. The agencuy has dubbed the move asa “major cultural change” for the shop. “We couldn’tt have made a better move if we had acrystal ball,” said Joe Grimaldi, Mullen president and CEO, in a “The advertising industry is radicallhy and permanently transforming, and clients are seeking fresg thinking and innovative solutions.
Our Boston move gave a 40-year old company the uniqud opportunity to reinvent itselvf to be more relevant to the timesand Mullen’s client list includes The Stanley U.S. Department of Defense and National

BofA, Wells to accept California IOUs - San Antonio Business Journal:

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BofA says the state’s budgey crisis prompted its decision. “To supporr our customers, while giving the stater legislature additional time to passa budget, we will accepy California state-registered warrants — or IOUs from existing customers and clients,” Charlotte-basedf BofA (NYSE:BAC) says in a written San Francisco-based Wells (NYSE:WFC) says it is accepting the warrantsw for the sake of its customers. "Wwe are reluctant to take this but are doing so to help our customers who are not at fault and with the expectation that the legislature and governoe will complete the budgetwithihn days," Wells says. On Gov.
Arnold Schwarzenegger blasted state lawmakersx for failing to pluga $24 billion hole in the statwe budget before the start of the new fiscal And he called a special session of the stat e legislature to fix the budget mess. Failure to pass a budget by midnight Tuesday increasexs the shortfall to morethan $26 billion due to the loss of education-relatef budget fixes, Schwarzenegger said at a press conferencew Wednesday. He also announced an executive ordedr adding a third furlouguh day each month forstate workers, a move expectef to free up an additional $425 million in the new fisca year. Although the governor called for thespecial session, it is up to the legislatur to schedule it.
When it will be held is yet tobe

Nixon, Quinn push Biden, LaHood for high-speed rail - Business Courier of Cincinnati:

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In April, Nixon and Quinn, along with six other Midwestermn governors, to LaHood asking him to support plansz for rail corridors between cities intheir states, includin St. Louis to Chicago and St. Louisx to Kansas City. Illinois has completed an environmental impact statement forthe Chicago-St. Loui corridor. “Missouri and our partner states in the already have a competitivew advantage because we have been workinyg on this rail initiative for more than a Nixon said in a statemenr afterthe roundtable. “I reiterated our strongy position to Vice President Biden todauy while we discussed the viabilitg of high speedrail corridors.
” The White House and the have said they wouldx from the American Recoveryt and Reinvestment Act, and $1 billioh a year for five years as a down paymentt to develop a passenger rail The other governors at the meetinfg were Jim Doyle of Wisconsin, Jennifetr Granholm of Michigan, Tim Kaine of Deval Patrick of Massachusetts, Sonny Perdue of Georgia and Ed Rendelll of Pennsylvania.

Default ruling is set aside in Fifth Third suit vs. McAlpine - Business First of Columbus:

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The Cincinnati-based lender won the entry of default rulin last month in Mecklenburg Superior Court after demonstratintg that McAlpine had not respondedf to a lawsuit filexd by the bankin April. Mark Johnson, a lawyerr with , which is representing Fifth Third, says the bank filed a motionj asking the entry of default be set Fred DeVore, a lawyefr with who is representing McAlpine, says the developer will be required to file a repl y to the suit but the two parties would continue to negotiate. “We’ve been making good progress with the and we feel likethat we’r e going to work something out that suitas everyone,” McAlpine says.
In its suit, the bank claims McAlpine, presidenft of , and two affiliates owe Fifth Third morethan $800,000 in principao and interest on loans made in 2002 and 2006. The which totaled $2.8 million, were for Prosperity Park, a developmeny at the intersection of Prosperity Churchand Johnson-Oehler Fifth Third also is seeking attorneys fees of more than $120,009 in the suit. McAlpine and The McAlpinr Group signed guarantees onthe loans, which were made to two limiteed liability companies called Prosperity Park and 10210 Prosperityu Park Drive.
Separately, a lawyer representinv says a dismissal would likelty be filed this week in a suitagainstt McAlpine, who says he has reached a settlementg agreement with the bank. Wachovia sued McAlpinw over an $8.23 million acquisition and development loan made in April 2006 for his McCarley near the intersection of Lancaster Highwag and ArdreyKell Road. According to that suit, McAlpine missex a $1.7 million paymeny due in October anda $2.5 millio payment due in January and still owes the bank more than $7 milliohn on the loan. McAlpine is working to turn the developmenrt into a retirement community and is seeking a zoninh change tomove forward.

Anil P. Gadre Executive Profile

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About Anil P. Gadre Anil Gadre Executive Vice President, Applicatiom Platform Software SunMicrosystems Inc. Anil is Executive Vice Presidentfof Sun

Father-son connection gave the Rams an inside track to Fisher - NBCSports.com

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NBCSports.com

Father-son connection gave the Rams an inside track to Fisher NBCSports.com Apart from Demoff's skills and abilities, his family connections surely helped the Rams reel in their new head coach, Jeff Fisher. Fisher's agent is Marvin Demoff; Marvin is Kevin's father. So how would that link help Kroenke catch Fisher? ... and more »

RI atheist, 16, thrilled with prayer banner order - San Antonio Express

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WPRO

RI atheist, 16, thrilled with prayer banner order San Antonio Express PROVIDENCE, RI (AP) â€" The Rhode Island teen who won a legal battle over a prayer banner displayed at her high school says she's thrilled by a court order requiring the banner be removed. Jessica Ahlquist, who describes herself as an atheist, ... Judge Orders Prayer Banner Removed Patch.com Cranston West Prayer Banner must come down says Judge WPRO Federal court judge orders city to remove prayer banner Turn to 10.com Sacramento Bee  »

Theater owners slam proposed movie-tax hike - Business First of Buffalo:

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A news release issued Tuesday urges “families and other movis fans” to voice their oppositionh to a bill under consideration in the North Carolinsa Senate that would hike the saless tax on movies to7 percent, from 1 percent. “Goingg to the movies is one of the last affordabld forms of recreation formany families,” said Marie McClaflin of NC/SC NATO. “This tax will increass the price ofthe movie-going experiencee for families, and could put it out of reacn financially for some The theater-owners group also warns that the higherr taxes would hit independent theaters especially possibly causing some to turn off their film projectors for good as the Varsity in Chapel Hill did recently.
NC/SC NATO assertsa that the tax could result in revenuwe declines of as high as 30 perceny atsome theaters, which already operate on thin margins. “Many of our theatrr members are struggling to provid e valueto economically-challenged patrons,” McClaflin said. “Bgy adding additional costs to more families will be forced to stay at home insteads of enjoying a movie and snack ina theatre. The resulr could be more theatres closinhgtheir doors.” The theater owners’ group also arguew that a drop in their businessz would hurt other small businesses located near which benefit from increased foot traffic of people goinfg to the movies.
In addition, the grou p says, the tax increase could actually reduce Northb Carolina tax collections because it could produce a dropoff inconcessioh sales.

Realtors to launch foreclosure courses - South Florida Business Journal:

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The group gave the $3,200 to host a foreclosur and shortsales course. And the was givenj $8,050 to develop a course and DVD for consumersw and agents on the legal risks associateed with foreclosures and short also wasawarded $6,000 to host a Realtor traininyg course on helping consumers who are behind on theird mortgages. The national associatiom gave out morethan $3 millionm to different city associations to help resolvd the growing foreclosure problem.
“Realtors build and as the leading advocater for homeownership andhousing issues, we believr that any family that loses its home to foreclosure is one family too many,” NAR President Charles a broker with in Dallas-Fort “Foreclosures affect each community which is why NAR is providing the Foreclosure Preventio n and Response grants directly to local and stat Realtor associations so that they can develoo unique, coordinated action plans to prevent foreclosures and minimize their adverse effects on the

Libraries transform communities - Portland Daily Sun

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Libraries transform communities Portland Daily Sun Find the card catalog, and search your book via the Dewey Decimal system. Or, if you were like me; be completely intimidated by the searching process, tip toe over to the friendly librarian (easily found, she was the lady with the eyeglasses on the tip ...

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Start with The Covington-based provider of pharmacgy services to nursing homes operates in an industry that woulds seem likely to hold up throughthe economy’s Beyond that, Charles Rotblut, senior market analyst at Chicago-based , figures Omnicare has enoughu cushion in its valuation and profitf estimates to handle most storms. “Take a look at what analystsx are forecasting and ask yourself if those estimatesd were 10percent lower, woul you still consider the stock to be a bargain?” Rotblut wrote in a recent report.
That way, if analystxs are too optimisticabout earnings, you’re stillk getting a good deal on the The price should be less likely to get hit if earning s estimates drop. Not only that, but in putting togethert Zacks’ Elite Focus List, Rotblut also lookss for stocks whose earnings estimates have held up He sees Omnicare as a fit inboth categories. It’ws trading at just nine times earnings. And in the past few 10 of the 11 analysts tracking the stoci have hiked their earnings estimates for this year by 7 to $2.56 a share. Zackx set a target pricre of $28.40, more conservative than analysts’ consensus targetf of $34.50.
Still, even if it hits the lowetr target it will rise 15 percentg from its March 16 closrof $24.16. also makes the list. Zacks added the downtown-basecd insurer to its list of top-rankedf stocks March 13. It has beaten earnings estimates in three of the past four And analysts have raised thoseestimates recently. Rising estimates and the ability to beat those estimatesa are two key factorsfor Zacks. Zackes set a target price of $16.60 for American Financial’s stock. It closes March 16 at $14.64.
analyst Mitchell Corwih recently listed among his top consumeer staples stocks that are on Plenty of investors have been wringingg their handsover P&G’s 23 percen tumble since year-end. Rising commodity costs have hurt. And the economy’s windsx are blowing in the face of consumerfproduct firms. “We believe some of the strongesg companies will show resilience in the face ofthe near-termm head winds and currently trade at valuationj levels that provide long-term investors very attractive entry points,” Corwin wrot e in a recent report. P&G closeds at $47.82 March 16 and trades at just 62 percenrof Morningstar’s fair value estimate of $77.
P&G is set up to hold shard in its keyproduct categories, Corwinj said. And he expects it to invest in furtherd innovation despitethe economy’s slump. “We’ve believed for some time that P&G has opportunity to improve productivity andreducwe costs,” he said. Finally, ’ss stock has some room to run if one analysgis correct. Martin of Memphis, Tenn.-based , published a report earlier this monthb keepinghis “buy” ratinf on the stock. He set a $32 pricre target. That’s a hefty gain from Scripps Networks’ $20.6y March 16 closing price.
Despite the slumpinv ad market, Pyykkonen sees Scripps Networks gaining sharer from its cableTV properties. The is gaining viewership and should generate higher fees when its cablee and satellite deals come up for renewalthis year. The networj cranks out one-third of Scripps’ revenue.

Lennar merges Tampa, Clermont offices - Orlando Business Journal:

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The new division includes Pasco, Hernando, Polk, Osceola, Lake, Seminole and Brevard “Lennar is meeting the challengeof today’s homebuilding and we will continue to preses forward with a strategy that includes [an] intense focus on reducing costws and delivering the best valuess homes in the market,” said Mark Metheny, the formef president of Lennar’s Tampa Bay divisio who will now lead the combined The division will headquartered at Lennar’sx offices at 600 N. West Shorwe Blvd. but maintain an office at 2955 HeritagHills Blvd. in Clermont.
With the divisioj merger, some Lennar executivesa were named to new positionx including Mike Southward as directortof purchasing, Judd Tyler as Robert Jesski as director of salee in Tampa and Paul Brooks as director of saleds in Orlando. David Parker, Fionaq DiDomenico and Karen Morgan were named vice presidentaof sales, while Steve Smith and Wayne Broedel were namesd directors of construction. Ben Gainer, Anthony DeSimone, Kevin Stream and Wes Stapl were named senior area construction managers in while Joe Fulghum will take over as directo of customer relations and Jennifer Siemering as directofof closings. The central Florida division of Lennar is partof LEN) in Miami.
The company — which recorded nearly $166.9 million in sales from January througbhSeptember 2007, according to the 2009 Book of Listes — is the largest Central Florida production home builder. The companyh is building in 14 CentralFlorida Tuesday, Lennar said it woul d sue Knauf Plasterboard, Taishan Gypsum and for what it allegesd as selling “defective gypsum” drywall that was installex in homes built by Lennar, which causef “substantial damage” to the company in The complaint also charges 12 installer with breach of contract and breach of express and implied Lennar shares were hammered a month ago when Barru Minkow, a self-proclaimed “fraud buster,” accused Lennar of providing “vague and less-than-transparent responses to the SEC inquiries about off-balanc sheet, joint-venture debt.
” Lennar denied Minkow’s claims, calling them “falsee and scurrilous allegations.” Lennar reported a fourth quarterd loss of $811 million, or $5.12 per sharw for the period ended Nov. 30, down from a net loss of $1.3 or $7.92 per share, the year before. Revenue was $1.3 41 percent lower than the year before.