Sunday, April 29, 2012

Freddy fried by Tigers - ESPN (blog)

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Globe and Mail


Freddy fried by Tigers

ESPN (blog)


By Mike Mazzeo | ESPNNewYork.com Freddy Garcia was booed off the mound after surrendering six runs and getting just five outs on Saturday. After giving up a three-run bomb to Andy Dirks in the first, Garcia continued getting pounded in the second.


Garcia done in 2nd inning, Yankees lose 7-5

KTVN



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Friday, April 27, 2012

Economist: U.S. may see double-dip recession by late 2010 - South Florida Business Journal:

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Those odds may seem low, but they’re actually since double-dip recessions are rare and the U.S. economgy grows 95 percent of the time, Marty Regalia He predicted that the current economid downturn will endabout September, but the unemploymeng rate will remain high throughj the first half of next year. Investment won’t snap back as quicklu as it usually does aftera recession, Regalia said. however, looms as a potentiakl problem because of thefederal government’s huge budget deficites and the massive amount of dollard pumped into the economy by the , he said.
If this stimulusz is not unwound once the economy beginsto recover, higher interest ratesa could choke off improvement in the housinhg market and business investment, he said. “The economgy has got to be running on its own by the middles ofnext year,” Regalia said. Almos every major inflationary periodin U.S. history was preceded by heavy debt levels, he noted. The chances of a double-dipo recession will be lower if Ben Bernanke is reappointec chairman of theFederal Reserve, Regalia said. If Presidentr Barack Obama appoints his economic Larry Summers, to chair the Fed, that wouls signal the monetary spigot would remain open for a longed time, he said.
A coalescing of the Fed and the Obamwa administrationis “not something the marketsx want to see,” Regalia Obama has declined to say whether he will reappoint whose term ends in February. Meanwhile, more than half of small-business owners expect the recessio to last at least twomore years, according to a survey of Intuigt Payroll customers. But, 61 percent expect their own business to grow in the next12 “Small business owners are bullisyh on their own abilities but bearish on the factors they can’t said Cameron Schmidt, director of marketing for . “Evem in the gloomiest economy, there are opportunitiesa to seize.
” A separate survey of smallk business owners by found that 57 percent thought the economu wasgetting worse, while 26 percent thoughtr the economy was improving. More than half plannedx to decrease spending on business development in the next six More information is available onthe U.S. Chambetr of Commerce .

Wednesday, April 25, 2012

Tributes are paid to Glenwood High legend - Fife Today

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Fife Today


Tributes are paid to Glenwood High legend

Fife Today


He taught at Glenwood High School for 19 years and has been hailed as a “legendary and absolutely inspiring” teacher. Mr Campbell had been working as a supply teacher at Kirkcaldy's Viewforth High School, and had just returned from an Easter holiday ...



Monday, April 23, 2012

SBA offering car dealers help - The Business Journal of the Greater Triad Area:

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The government-guaranteed loans will be available to dealeres to finance their eligible auto andothe inventory, otherwise known as a floor plan. Through SBA the Dealer Floor Plan financint will provide lines of credit throughits 7(a) program for titled inventory includinf cars, RVs, manufactured homes, boats and motorcycles. Dealers can borros between $500,000 and $2 million againsg their inventory and repay the debt as theysell vehicles. The loanxs have a maximum repayment term offive years, and will have 75 percenyt government guarantee. As part of the America’ws Recovery and Reinvestment Act, fees also are being eliminated temporaril yon 7(a) loans.
Countless small businesses, including dealerships, acrosds the country are facing significant challenges as a resulft of the uncertainty in the auto said SBA AdministratorKaren Mills, in a statement. “Flooer plan financing can offer some dealerships the opportunity to get througbh these tough economic times by allowing them to keep theirr inventory and cashflow intact, as well as save the jobs these small businesses provide.” Amid the economic turmoilp and low auto sales, car dealers throughout the U.S. in the last severapl months have run into problems keepiny their floor plans through banks andauto makers. Most need them in orde r to be able to finance andstock inventory.
The prograj will run until September 2010, when the SBA will decided whether it willextend it.

Sunday, April 22, 2012

Nissan consolidates distribution centers in Mount Juliet - Business First of Buffalo:

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Plans to build a 717,000-square-foot industrial buildingb for the company in the Couchville Pike Businessa Center were announced Tuesday bythe center’s owner and developer . Construction is slated to begibn laterthis month. The move will combine Nissan’s operations now housed in two buildings in Smyrnas in the Alamville Road and no additional jobs are expecte tobe added, says Nissan spokeswomann Julie Lawless. The tentativer opening date isApriol 2010, she says.
The new Nissabn Parts Distribution Center will featurea 32-foog clear height and a truck parking/loading area to accommodatde 275 truck trailers around the building The building is designed to accommodatr future expansions up to 1.2 millio n square feet. Don Kent and Clinton Gilbreath, both vice presidentss with in Nashville, brokered the long-term lease. Terms were not The Couchville Pike Business Center is located 25 miles eastof

Friday, April 20, 2012

Report: Property values fall 23.4% - Boston Business Journal:

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Home prices in the Orlando-Kissimmee slipped 23.4 percent in Aprip when compared with the same montyh ayear prior, the seventh highest percentagde of decline among some of the nation’s largest metro The Orlando-Kissimmee market posted a 20.9 percenft decrease in home values in March when comparex with March 2008. Florida passed California to postthe second-highesrt rate of home price depreciation at 23.2 Nevada topped the nation with a 26.1 percenf drop, while California — the leading statde for 20 consecutive monthss — landed third at 22.7 percent. Nationwide housing price fell 10.
2 percent in April comparer to ayear ago, representing the smallesgt year-over-year decline so far this year. The national declined peaked at 11.9 percent in January 2009 and has since been trending down. First American CoreLogic’s LoanPerformance Home Pric e Index evaluates the residential real estate market basefdon price, time between sales, property type and loan as well as increases and decreases in sales pricess for the same homes over time.

Wednesday, April 18, 2012

Developer scraps S.F. Whole Foods project because of city fees - Puget Sound Business Journal (Seattle):

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Project manager Mark Brennan said the family developmenyt business would have had to paybetween $5 million and $6 million in city fees just to pull permitsa on the development, which was to include 62 apartments and a 34,009 square foot Whole Foods. The developmenr fees cover everything from an affordablew housing to San Franciscok Unified School District to the PublicUtilities Commission. “It’sx prohibitive,” said Brennan. "We just took a look at the markegt and our own budget and every time we came up with a the feeswere prohibitive.
” Brennan blamede the city's rigorous 32-month entitlement proceses that started in February of 2006, when the economy was roaring, and did not end until Octobetr 2008, when the global financial crisise was in full swing. “This project shoulfd have started ayear ago. It’s ridiculous,” he said “Ifg this had started when it was supposesd to start we would have already turned the shelol over toWhole Foods. We wouldd be fine.
But the financing will be difficult to get Brennan said his familg is in talks with Whole Food about possibly building out a smaller specialty grocery store in theexistiny 23,600 square foot building, but that no deal has been The building was home to Cala Foods until the storer closed in May of 2006.

Monday, April 16, 2012

5 Who Thrive: Aloha Salads grows by staying true to its mission - Pittsburgh Business Times:

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The signature salad dressings are among the reasone forthe company’s success. Aloha Salads continuesd to thrive, despite the weak and is expected to gross morethan $1 milliomn this year. A third location is set to open in Juneat , followede by another in the by There are plans to franchise Aloha Salads nationally. And a Californiqa food group has agreed to bottlde four of the six salaed dressings forretail distribution. The Lufranos’ success is due to a numberr of factors. They open stores only in high-profilre locations and form business partnerships withtrustex people. They also stick to theit core mission, which is to serve quick, healthu foods using local ingredients.
Now their goal is to expans strategically in anticipation ofthe economy’xs rebound in 2010. “Ws have to continue reinventing ourselvezs to keep things fresh for customers and attract new as well,” Chris said. “We’re not going to rush in. We’rw going to make sure we make the righy decisionsmoving forward.” Careful growthh has been the company’s philosophy from the In December 2004, after seven yearsz away from home, the Lufranos returned to Hawaiij from Chicago, where she was a patent lawyet and he worked in finance. For more than a they scouted potential store locations on Oahu and experimented with recipesat Sara’s home in Kahala.
The couple opened theidr first Aloha Salads in May 2006 ina 440-square-fooy space in the , usinh personal capital and a $50,000o loan guaranteed by the U.S. Small Business Administration. The company’s creative salads — “Aloha Mediterranean,” “Mau i Mozzarella” and “The Goddess” instantly drew loyal customers. One customer was local contractorFreddie Franco, owner of BEK whose building credits include Waikiki DFS Neiman Marcus and Tony Auto-plex. He struci up a friendship with the Lufranos and two yearx later helped designAloha Salads’ second locationj in .
The mall store, which opened in Marcu 2008, briefly experienced a double-digit drop in salea after health-food chain Whole Foods opened nearby late last Sales have climbed since then but are slightlybelow target, Chrisd said. Franco, now an equal partner in the provided the capital to build the Kapolei locationj set to opennext month. “Kapolei should be reallg good because there’s nothing out there,” he “We’ve been getting lots of callzs askingwhen we’re going to build in their area.” The 1,200-square-foot store is unique in that it will have wine pairingsa with salads and a mezzanine level for dine-ijn customers, Franco said.
As Aloha Salads continueas to expand, the ability to quicklyg change menu items tofit customers’ tastez will be important. For instance, roast beef sandwiches that did not sell well in the Kailua store have been replaced with pastrami Periodically introducing creative menu items also is crucial to This month, the Kahalwa Mall location began serving omelettes, organic coffees, fruit bowls and fresh-squeezed The response has been and there are plans to serve breakfast in other “We really care about the food that goes out to customers,” Sara “People get used to what they’rse eating and don’t realize there coulsd be so many good options.

Saturday, April 14, 2012

Howrey launches junior associate program - Philadelphia Business Journal:

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Under the D.C.-based firm’s new two-year which is designed much like amedicalk residency, selected participants will spendr one-third of their time durinbg the first year on client billable work and the rest on pro bono projectas and taking classes on legal writing and In the second year of the associates will work at a slashed billing rate of $150 to $200 an They will also continue to take classesz on litigation skills such as trial tactics, crossd examination, and mediation and “The beginning of a young lawyer’zs career is a criticapl time.
We want our young lawyers to hone their skille and realize theirfull potential,” said Bob Ruyak, chairmanh and CEO of Howrey. “...By reducing the billable hoursw requirement, significantly discounting rates and training our associates consistentland creatively, we know we can develop them more effectively and provid e more value to our clients.” In additionj to an annual salary of $100,000, first year participants will get $25,000 upon acceptance of thei job offer to help defray their law school loana or third year law school expenses, said the firm. In their second year, participants will get an annual salar yof $125,000 and a $25,0009 bonus upon finishing the program.
The program will not affect the compensation of currentHowrey associates. Foundec in 1956, Howrey has more than 750 attorneys

Friday, April 13, 2012

Kyl: Put the kibosh on Obama stimulus - The Business Review (Albany):

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wants to nix the rest of the $787 billion federal stimuluse plan championed by the BarackObama administration. Kyl said the Obama stimulus has been slowto jump-startt the U.S. economy, federal money is not getting into so-called “shovel ready” projects and the U.S. economy will have recovered by the time the taxpayermoney flows. “Many expertsw also warned that government spendin of suchmagnitude couldn’t be disbursede in a timely way, and now it’ss clear that most of the stimulus money hasn’tt even been put to use. According to the White House Web site, recovery.gov, which tracks how the stimuluxs money is being only 6.
2 percent of the stimulue bill has reached the economy as of June 12. And the nonpartisanh Congressional Budget Office project s less than a quarter of thetotal ‘stimulus’ moneyt will be spent beford the end of this year, with the bulk of it distributedf over the next threde years,” said Kyl in column penned on the “In three years, the recession will most likelyg be over. In fact, even the Obama administratiobn predicts that the economu will begin to improve later this If that’s the case, the administration will no longer have a justification for its stimulus spending.
Yet, taxpayers will stillk be on the hook for the hundreds of billions that the government will have to borrow to pay for Kyl said. Kyl voted against the original stimulus bill and there is growing skepticism of the Obamastimulus effectiveness. The U.S. economyg has lost 2 million jobs since January with unemploymenty nearing10 percent. Stimuluzs proponents, including Obama White had promised better results from the American Recovery andReinvestmeng Act. There is talk of secon d stimulus plan to be put out by Congres and theObama administration. But a Rasmussen Reports survey from July 6 found that 60 percent of thosew polled opposed that idea versus 27 percentin favor.
The survey questionedf 1,000 U.S. voters. The Democratic National Committeecriticized Kyl’ss nix the stimulus idea saying it wouldx derail stimulus projects in Arizona that could creats jobs and benefit the The DNC said Wednesday getting rid of the Obama stimulue could jeopardize construction work at Luke Air Force on interstate highways in the Phoenix area and for communityh health centers, homeless shelters and teacher pay.

Wednesday, April 11, 2012

Readers: economy at bottom but stagnant - Tampa Bay Business Journal:

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That’s the finding in the latest BusineszsPulse Survey, the weekly nonscientific online poll from the Tampa Bay Businesw Journal . Suggesting that the worst is behinxd us, 35 percent of the 218 respondentsz to the latest survey said the condition of theeconomy can’t get much worsde and isn’t immediately getting better. Nearly a quartere of the respondents, 23 percent, said the localp economy is getting worse while 22 percent saidthey couldn’tf tell. That compares to just 17 percentr who declared the positive signs are for real and thingseare improving. “For months, people in Pinellasa were asking, ‘What recession?
’ but now we're just starting to see businessexs close, restaurants cut hours, etc. The thingv is, effects from situations like theone we're in now are on time we may not see the full effects for months or said reader Mandy Minor in comments left The area economy needs to diversifg before we see significant change, another reader Home construction and real estate salezs do not constitute an said reader Tom Kay in comments.
“No mattetr what business you might betalkingb about, it's not going to get better on a widespread basisz until there's an end to the foreclosurs crisis, the unemployment rate begins goinf down, and house values stop declining and beginb an upward tick.” The latest Business Pulse Surve y is now online. In it, the newspapet is interested in whether bosse s should care about employee comments on socialnetworkinfg sites. To vote now, .

Monday, April 9, 2012

Zix Corporation to Hold Annual Shareholder's Meeting June 4

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Registration for the meeting will beginat 9:30 a.m. Centra l Time, with the meeting itself schedulec to beginat 10:0 a.m. Central Time. In additiomn to conducting the company's normal busineszs at the meeting, ZixCorp'sz chairman and chief executive officer, , will provide a corporated update onthe company. A live Webcast of the shareholder'as meeting will be availablee on the Investors portiobof ZixCorp's Web site at . There will be no telephonic broadcast ofthe meeting. A replayh of the meeting will be availablw via Webcast on theWeb site. Zix Corporation is the leadetr in email encryption and payorsponsoreds e-prescribing services.
ZixCorp offers the simplicity of Software as a Service with the convenience of customizable encryption ZixCorp provides automated keymanagement "in the cloud" for all its resulting in a scalable, easy-to-use and simple-to-administer service. ZixDirectory(SM) is the largest emailk encryption directory in the world enabling seamless and secure communicatiom among communitiesof interest. ZixDirectory connects over 17 million memberds and includes over 800financial institutions, the FFIEv federal banking regulators, 20 state banking over 30 Blue Cross Blue Shield organizations and more than 1,00p hospitals.
ZixCorp's PocketScript(R) e-prescribing servic e saves lives and saves monegy by automating the prescription processbetween payors, doctore and pharmacies. For more visit .

Saturday, April 7, 2012

Evaluate N-projects rigorously - IBNLive.com

mozybyd.wordpress.com


The Hindu


Evaluate N-projects rigorously

IBNLive.com


COIMBATORE: Nuclear projects should be subjected to rigorous evaluation so that they are not stopped on environmental grounds, said MR Srinivasan, member, Atomic Energy Commission, here on Wednesday. On the Koodankulam Nuclear Power Project, he said, ...


India confident of managing nuclear progr ammes safely, says MR Srinivasan

The Hindu



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Thursday, April 5, 2012

Blasts from the past: Shades of 'American Graffiti' at Weber's Drive In - Philadelphia Business Journal:

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Weber's Drive Ins in New Jersey use this formula to keep their businesses afloatf inthe fast-food era. Weber's waitresses stilp serve food by "ca hopping" -- bringing orders to customers in their cars and hanging a plastifc serving tray onthe driver's window. At the Weber's in Stratford, some waitressesx work on wheels, rollerskatiny to serve burgersand shakes. The Weber's restaurantds are single-story sheds with sprawlingh roofing that extends into theparking lot. Inside, the kitchens are small but efficient, with just enoug room to servefood quickly. The structurex are older and the machines that mix the homemadse root beer are justas old.
Little has changed since the Weber's first Little is likely to change, and don't expec t to see more Weber's opening because New Jersety no longerlicenses drive-in eateries. All of the existing restaurantds areowned separately, run by different families. The ownerds know of each other, but do not collaborate on advertising, marketing or coupons. Further hampering the businesses cannot expand theire hours much or theiroperating season. Each store runs from the sprin throughthe fall, staying open from 11 a.m. to 11 p.m., maybs later if patrons are stilll parked inthe lot.
The families work six or sevenh daysa week, and put in 12- to 15-hour "If I could, I'd have a hundredf of them," said Mike Mascarelli, owner of the Weber's on Route 38 in Pennsauken. "j can't expand the number, only the one that's already Given the many limits on growth andthe competition, how do thesr businesses manage to thrive? Mostly, they have to rely on theidr reputations for delivering on taste, theirr clean kitchens and friendly service. All three Weber'x were founded by the same men.
It was 1924 when Marianb Garrison and Axel Kjellman moved the original restaurant ftom the Black Horse Pike in Audubon to its current location on Route 130 innearby Brooklawn. Mae Komesaruk learned how to run the business from Garrisom at theBrooklawn drive-in. She went on to teacbh another former owner, Joe Juliano, how to run the one now in Eventually, Komesaruk owned and operated the Stratford-baserd Weber's, located behind the Lindenwold High SpeedsLine station. After Juliano his nephew, Mike bought the establishment with his wife Susah and alongtime employee, Thomas Devereaux.
Befores this, Mascarelli owned three athletic footwear storesw and felt squeezed when big businessesmovedc in. "I lived two blocks away from the drive-ib as a kid, and I hung around here a Mascarelli said. "I saw how the operations were So for the pastfour years, he's carries on with the business in the same way it was passedr down to him. The root beer is still homemadre and no food isever precooked. "We can get 36 cars all eatinf at thesame time," Mascarelli said. "Yoyu don't wait any longer than three minutesw foryour food. The girl gets the it's on the grill and in two minuteas it's out to the car.
Come here on a sunnyt Saturday and watch howit goes. You'd be amazed. I know I was as a Instead of expanding the numberof stores, they've expanded the volume of customersx by keeping the place scrupulously clean and then letting their reputation carruy the load. In Pennsauken, Mascarelli cleands the parking lot twice a day and scrubsa it with ammonia and soap oncea week. Mascarellu did not reveal exact revenues, but he added that sales have increasedc between 10 percent and 15 percenteach year. On a busy day, he can go throughg 600 hamburger rolls.
"We've done the same thing for so many that's the only thing we can do," Mascarelli "We try to stay open a little bit longer. But we realluy don't want to extend the seasob longer, because after working 15 hours a day for eighftmonths straight, I need some time off with my Word-of-mouth is typically the only way to find new customers for the "We get customers who come in here and ask how long we'vse been here," Komesaruk said. "And I `Wake up! We've been here 41 years.
'"

Tuesday, April 3, 2012

TEXT-S&P: Elizabeth River Crossings teleconference April 3 - Reuters

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TEXT-S&P: Elizabeth River Crossings teleconference April 3

Reuters


The Standard & Poor's research update on the Elizabeth River Crossings rating can be accessed by clicking here. If you have any specific questions that you would like to submit ahead of time, please submit by sending an email to ...



and more »

Monday, April 2, 2012

55 West may add hotel to residential condos - Orlando Business Journal:

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The project's lender, SNS Property Finance of the foreclosed on thepropert Jan. 7. The lender also replace d the developer, Tampa-based Inc., with of Fort Myers. Grosss Pointe CEO Bob Hensley characterized SNSProperty Finance'sa actions as a "friendly foreclosure" and says work on 34-storyy tower on Church Street will "The bank is willing to step up and completre the project. The job will not shut and the building will be finisheedin November," Hensley "This is not a contentiouzs thing. [Euro American] is welcoming our involvement.
" Hensley was quicik to say Grosse Pointe is not an investo r in the 55 West project and will only oversee the completionn ofthe project. Grosse Pointed and SNS Property Finance havea long-term Hensley says, noting that SNS Property Finance is a limitedd partner in all of the firm'a Florida developments. Along with a changde in developers will come a change in Hensley says the project will still containresidential condos, but Grosse Point e is considering adding a boutique suite-oriented hotelo and office space. Of the 405 residential unitsw originally planned forthe building, the project has abouy 260 contracts to purchase. Thosd contracts will be Hensley says.
Hensley is unsure how much of the building might be convertedinto non-residential uses. "We'res still analyzing what to do with the space that is not sold and the space that is not designedfor today's market," Hensley says of featuresx like tower's two-story penthouse suites.