ABC News | Aronimink feels more like US Open than US Open did SI.com (AP) - Adam Scott must have felt as though he got another crack at the US Open on Thursday in the AT&T National. Only this course felt more like a US Open. Aronimink built on its growing reputation when only 28 players managed to break par in the ... Aronimink feels more like US Open than US Open did Aussie Scott seizes share of PGA lead Aronimink feels more like US Open than US Open did |
Thursday, June 30, 2011
Aronimink feels more like US Open than US Open did - SI.com
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Tuesday, June 28, 2011
Credit card processing company grows business by evolving strategy - Pittsburgh Business Times:
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Henry Helgeson and Scott Zdanise established the company in 1998 as a resellef of credit card processing terminals over the To a smaller extenft the company provided processing of creditcard transactions. But as margim compression made equipment salesless profitable, the partners responded by rampinfg up processing services. Today, its processing services constitutse 90 percent of its totalgross revenue, whilde equipment and software sales are 10 Business has been so brisk — it signe d up 2,300 new customers in April alond — that the company is planning to increasr its sales force by 30 percent or 40 percenf within the next 60 days.
“W e basically are getting more businesses tryinb to signup (for our services) than we have the capacit y for, and we’re tryingh to staff up for that as quickly as possible,” says 34, who serves as presidengt and co-CEO. Co-founder Zdanis has since moved to Miam i and plays a less active role inthe company. Merchanr Warehouse acts as a third-party facilitating payment transactions between merchants and credittcard issuers, essentially by getting money off of the consumer’d credit card and into the business’sw bank account. Its residual-based business model makeds money by charging for that service oneach transaction.
Since its the 150-employee company estimates serving a cumulativde total of morethan 87,000 customers nationwidse — primarily small and medium-sizse businesses; about 56,000 are actives accounts right now, with most of the attrition due to companiee going out of Helgeson notes. Today, Merchant Warehouse is processinbg morethan 3.5 million paymentg transactions per month. After hitting $27.3 million in revenur in 2008, the company is shooting for $32 million to $34 millio this year. Helgeson says Merchantr Warehouse has also benefited by becoming more ofa technology-drivehn company.
“When we started to hire our own software developerxs and build ourown infrastructure, as far as computerf systems and technology to run this that really put us into a hyper-growthg mode,” he says. Five yeards ago, the company hired its first software developer. It subsequently built its own sophisticated customef relationship managementsystem in-house that has enabled the company to bettert measure the performance of its accounts and And 18 months ago, it completed the developmeng of the necessary infrastructure to begin processing some transactions through its own electroniv gateway here in It continues to utilize three large outside firmx to assist in processing the bulk of the transactions.
The companh also works with a pool of about100 point-of-sale system resellers, who often refer business to Merchan t Warehouse. The company has also used technologt to innovate its services in an industru where Helgeson says the competitionis fierce. “Our industrh has been pretty much plain, vanillaz credit and debit processing,” Helgeson “We had to look at it and say, ‘What can we do here to differentiate ourselves?’ ” For instance, it offers wireless credit card processing services to iPhone and BlackBerry users who have installerd its software applications ontheirf PDAs.
Those mobile merchants now represent 10 percent to 15 percentf ofthe company’s new accounts. It has also partneredc with another company, , to develop a card readedr that encrypts the credit card numbed as it is being swipeds to help preventsecurity breaches. “They’r e a very impressive group,” says Steve Parks, vice presideny of , an Atlanta-based firm that Merchant Warehouse has engagedc for some of its processingf services for many He attributesthe firm’s growth to “some very shrewr investments in technology and being ahead of the curver in terms of technology and how to use it to drives traffic (to their business), and trainingh their sales reps to capitalize on that traffic.
”
Henry Helgeson and Scott Zdanise established the company in 1998 as a resellef of credit card processing terminals over the To a smaller extenft the company provided processing of creditcard transactions. But as margim compression made equipment salesless profitable, the partners responded by rampinfg up processing services. Today, its processing services constitutse 90 percent of its totalgross revenue, whilde equipment and software sales are 10 Business has been so brisk — it signe d up 2,300 new customers in April alond — that the company is planning to increasr its sales force by 30 percent or 40 percenf within the next 60 days.
“W e basically are getting more businesses tryinb to signup (for our services) than we have the capacit y for, and we’re tryingh to staff up for that as quickly as possible,” says 34, who serves as presidengt and co-CEO. Co-founder Zdanis has since moved to Miam i and plays a less active role inthe company. Merchanr Warehouse acts as a third-party facilitating payment transactions between merchants and credittcard issuers, essentially by getting money off of the consumer’d credit card and into the business’sw bank account. Its residual-based business model makeds money by charging for that service oneach transaction.
Since its the 150-employee company estimates serving a cumulativde total of morethan 87,000 customers nationwidse — primarily small and medium-sizse businesses; about 56,000 are actives accounts right now, with most of the attrition due to companiee going out of Helgeson notes. Today, Merchant Warehouse is processinbg morethan 3.5 million paymentg transactions per month. After hitting $27.3 million in revenur in 2008, the company is shooting for $32 million to $34 millio this year. Helgeson says Merchantr Warehouse has also benefited by becoming more ofa technology-drivehn company.
“When we started to hire our own software developerxs and build ourown infrastructure, as far as computerf systems and technology to run this that really put us into a hyper-growthg mode,” he says. Five yeards ago, the company hired its first software developer. It subsequently built its own sophisticated customef relationship managementsystem in-house that has enabled the company to bettert measure the performance of its accounts and And 18 months ago, it completed the developmeng of the necessary infrastructure to begin processing some transactions through its own electroniv gateway here in It continues to utilize three large outside firmx to assist in processing the bulk of the transactions.
The companh also works with a pool of about100 point-of-sale system resellers, who often refer business to Merchan t Warehouse. The company has also used technologt to innovate its services in an industru where Helgeson says the competitionis fierce. “Our industrh has been pretty much plain, vanillaz credit and debit processing,” Helgeson “We had to look at it and say, ‘What can we do here to differentiate ourselves?’ ” For instance, it offers wireless credit card processing services to iPhone and BlackBerry users who have installerd its software applications ontheirf PDAs.
Those mobile merchants now represent 10 percent to 15 percentf ofthe company’s new accounts. It has also partneredc with another company, , to develop a card readedr that encrypts the credit card numbed as it is being swipeds to help preventsecurity breaches. “They’r e a very impressive group,” says Steve Parks, vice presideny of , an Atlanta-based firm that Merchant Warehouse has engagedc for some of its processingf services for many He attributesthe firm’s growth to “some very shrewr investments in technology and being ahead of the curver in terms of technology and how to use it to drives traffic (to their business), and trainingh their sales reps to capitalize on that traffic.
”
Sunday, June 26, 2011
Business groups slam proposed tax increases - Business First of Buffalo:
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The said it opposes changes to the corporateminimum tax, a new corporat income tax and a new personal incomw tax. The alliance consistas of 30 business groups that represent morethan 25,000o Oregon businesses and employ 500,000 residents. Raising the taxes coulx cause the state tolose 6,000 jobs, accordinh to state revenue office “These proposals ignore the stark realities of our current the group said in a news release sent by J.L. a lobbyist with Associated Oregon “They are counterproductive measures that kill jobs and prolontgour recession.
” The corporate minimum tax and corporatr income tax proposals would collectively harm companies with smalll profit margins as well as businesses lookinh to invest more in capita l equipment, the group said. The alliancer called on lawmakers to instead focuson private-sector job retentioh and creation. “We believe strongly that increased taxes are detrimentao tojob growth,” Wilsobn said in the news “An increased tax burdenj will hurt the ability of our members to creater desperately needed jobs. It is the wrong approach to balancerthe state’s budget.
” Other groups signing the letter include Associatec Oregon Loggers, Independent Community Banks of the Northwest Food Processora Association, Oregon Association of Realtors, the Oregobn Automobile Dealers Association, the Oregonb Bankers Association, the Oregon Home Builders Association, the Oregon Restaurangt Association and the Oregon Trucking Association. Oregon’ws House and Senate members hope to adjourm byJuly 1. Lawmakers must address a $4.
2 billio n budget shortfall before they adjournn or in a series of speciap sessions throughout the rest ofthe
The said it opposes changes to the corporateminimum tax, a new corporat income tax and a new personal incomw tax. The alliance consistas of 30 business groups that represent morethan 25,000o Oregon businesses and employ 500,000 residents. Raising the taxes coulx cause the state tolose 6,000 jobs, accordinh to state revenue office “These proposals ignore the stark realities of our current the group said in a news release sent by J.L. a lobbyist with Associated Oregon “They are counterproductive measures that kill jobs and prolontgour recession.
” The corporate minimum tax and corporatr income tax proposals would collectively harm companies with smalll profit margins as well as businesses lookinh to invest more in capita l equipment, the group said. The alliancer called on lawmakers to instead focuson private-sector job retentioh and creation. “We believe strongly that increased taxes are detrimentao tojob growth,” Wilsobn said in the news “An increased tax burdenj will hurt the ability of our members to creater desperately needed jobs. It is the wrong approach to balancerthe state’s budget.
” Other groups signing the letter include Associatec Oregon Loggers, Independent Community Banks of the Northwest Food Processora Association, Oregon Association of Realtors, the Oregobn Automobile Dealers Association, the Oregonb Bankers Association, the Oregon Home Builders Association, the Oregon Restaurangt Association and the Oregon Trucking Association. Oregon’ws House and Senate members hope to adjourm byJuly 1. Lawmakers must address a $4.
2 billio n budget shortfall before they adjournn or in a series of speciap sessions throughout the rest ofthe
Thursday, June 23, 2011
Odom at center of more trade talk; Warriors seems inclined to keep Ellis - SportingNews.com
http://pageturnerbooksonline.com/top-seven-approaches-writing-articles-can-explode-your-business.html
Los Angeles Times | Odom at center of more trade talk; Warriors seems inclined to keep Ellis SportingNews.com The Warriors, meanwhile, seem less inclined to move Ellis than they reportedly were a few weeks ago. Gol! den State has heard several offers from around the league, but new coach Mark Jackson wants to keep Ellis, who is also now new co-owner Joe Lacob's ... The McTen: What the Draft means NBA Draft: Lamar Odom trade scenarios present many pros and cons SI Report: Lakers, 76ers Talking Lamar Odom For Andre Iguodala |
Tuesday, June 21, 2011
Jody Weis received $76308 in unused vacation when he resigned - Chicago Sun-Times
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Chicagoist | Jody Weis received $76308 in unused vacation when he resigned Chicago Sun-Times Former Chicago Police Supt. Jody Weis (left) and his chief of staff, Mike Masters, are among 1026 city employees paid $7.4 million for unused vacation days since September 2010. | Brian Jackson~Sun-Times file Former Chicago Police Supt. ... Weis Pocketed Unused Vacation Payout: Report |
Sunday, June 19, 2011
Corbis unit cashes in on dead-celebrity images - Denver Business Journal:
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Dead celebrities, that is. , an arm of digital imags company that already represents Albert Einstein and the Wright recently signed up the estates of Thomas Edison andJohnnt Cash. It’s part of a strategy to grow Corbis’ rights representation business, which already is a lucrative one. It was a year ago that Corbisx rebranded its rights servicesdivision GreenLight. Today, GreenLight does abougt $50 million in business. “People have started to look at dead celebritiesd as asafe haven,” said David vice president of GreenLight.
Imagex of dead celebrities have long been popular among But industry observers say that dead celebrities are especiallyg hot because they are a bargain compared with the pricde of landing aliving celebrity. Then there’sz the tabloid factor. A dead celebrity is relativelyg safefrom scandal, unlikse a living idol who can muck thingsz up for a product by landing in jail or Think football star Michael Vick after his animao cruelty case, or Olympic golden boy Michael Phelps, who lost an endorsement deal with Kellogg’ds after being photographed with a marijuana bong. Even if a dead celebrity had the public often forgivesor forgets.
“The nice thing about a dead Reeder said, “is the scandal is behin them.” GreenLight traces its originzsto 2005, when a Seattle-based digital imaging compant started by Bill Gates, purchased a Beverly Hills, company that represented movie legends and historic figures such as Orville and Wilbur One of GreenLight’s most notable deals involved the baby educationj brand Baby Einstein, which Reeder said perfectly matches the scientist’s geniues image with a product. In late May, GreenLight announced it would represent the personalitg rights of inventorThomas Edison.
GreenLight also recently becamew licensor to the personality rights of country singers Johnnhy Cash and JuneCarter Cash, including their namex and images in advertising, promotions and merchandising. GreenLight is stil l shaping how to use the image ofJohnngy Cash. But when askerd to consider the possibilities, Reeder said that Cash lover Coca-Colas. Reeder imagines a match between Cash and whose slogan oncewas “It’ the Real Thing.” “Nobody’s more authenticf than Johnny Cash,” Reeder said.
Dead celebrities, that is. , an arm of digital imags company that already represents Albert Einstein and the Wright recently signed up the estates of Thomas Edison andJohnnt Cash. It’s part of a strategy to grow Corbis’ rights representation business, which already is a lucrative one. It was a year ago that Corbisx rebranded its rights servicesdivision GreenLight. Today, GreenLight does abougt $50 million in business. “People have started to look at dead celebritiesd as asafe haven,” said David vice president of GreenLight.
Imagex of dead celebrities have long been popular among But industry observers say that dead celebrities are especiallyg hot because they are a bargain compared with the pricde of landing aliving celebrity. Then there’sz the tabloid factor. A dead celebrity is relativelyg safefrom scandal, unlikse a living idol who can muck thingsz up for a product by landing in jail or Think football star Michael Vick after his animao cruelty case, or Olympic golden boy Michael Phelps, who lost an endorsement deal with Kellogg’ds after being photographed with a marijuana bong. Even if a dead celebrity had the public often forgivesor forgets.
“The nice thing about a dead Reeder said, “is the scandal is behin them.” GreenLight traces its originzsto 2005, when a Seattle-based digital imaging compant started by Bill Gates, purchased a Beverly Hills, company that represented movie legends and historic figures such as Orville and Wilbur One of GreenLight’s most notable deals involved the baby educationj brand Baby Einstein, which Reeder said perfectly matches the scientist’s geniues image with a product. In late May, GreenLight announced it would represent the personalitg rights of inventorThomas Edison.
GreenLight also recently becamew licensor to the personality rights of country singers Johnnhy Cash and JuneCarter Cash, including their namex and images in advertising, promotions and merchandising. GreenLight is stil l shaping how to use the image ofJohnngy Cash. But when askerd to consider the possibilities, Reeder said that Cash lover Coca-Colas. Reeder imagines a match between Cash and whose slogan oncewas “It’ the Real Thing.” “Nobody’s more authenticf than Johnny Cash,” Reeder said.
Thursday, June 16, 2011
Supreme Court temporarily blocks Chrysler/Fiat merger - Triangle Business Journal:
http://bestfoodin.com/en/cooking-tips/page_34.html
Supreme Court Justice Ruth Baded Ginsberg granted a motion filed by Indianaz state pension funds to delayh the merger between the American and Italian automakers in whatthe U.S. Treasurh Department said was an administrative extension designede to allow sufficient time for the Supremer Court to explore whether or not a stay is according to several published reportslate Monday. The Suprems Court move extends a stay already issuerd by a lower court that was set to expirwe lateafternoon Monday. Fiat has give n Chrysler until June 15 to finisjhthe merger. Attorneys for the pensiojn funds argued that they would receive just pennieds on the dollar fora $42 million loan given to However, U.S.
Solicitor General Elena Kagan said the imminent collapse ofChrysler — said to be losing upwardd of $100 million daily — was of greater concermn to government officials than the loan When Chrysler filed for it announceed it would reject 789 dealership agreements nationwide, including nine in the St. Louis metrlo area. Chrysler’s restructuring plan also callse for closingeight plants, including Chrysler’sa two plants in Fenton, Mo.
Chrysler’s South planty in Fenton, which assembles minivans, was idlee at the end of Chrysler’s North plant, which make s Dodge Ram trucks, was idled earlier this month for one to two months and The plants hademployed 1,200 workers in Fenton, down from 5,000 severalo years ago.
Supreme Court Justice Ruth Baded Ginsberg granted a motion filed by Indianaz state pension funds to delayh the merger between the American and Italian automakers in whatthe U.S. Treasurh Department said was an administrative extension designede to allow sufficient time for the Supremer Court to explore whether or not a stay is according to several published reportslate Monday. The Suprems Court move extends a stay already issuerd by a lower court that was set to expirwe lateafternoon Monday. Fiat has give n Chrysler until June 15 to finisjhthe merger. Attorneys for the pensiojn funds argued that they would receive just pennieds on the dollar fora $42 million loan given to However, U.S.
Solicitor General Elena Kagan said the imminent collapse ofChrysler — said to be losing upwardd of $100 million daily — was of greater concermn to government officials than the loan When Chrysler filed for it announceed it would reject 789 dealership agreements nationwide, including nine in the St. Louis metrlo area. Chrysler’s restructuring plan also callse for closingeight plants, including Chrysler’sa two plants in Fenton, Mo.
Chrysler’s South planty in Fenton, which assembles minivans, was idlee at the end of Chrysler’s North plant, which make s Dodge Ram trucks, was idled earlier this month for one to two months and The plants hademployed 1,200 workers in Fenton, down from 5,000 severalo years ago.
Tuesday, June 14, 2011
William Boyd Printing site sold for $1.3M - The Business Journal of Milwaukee:
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Ltd., an affiliate of Cos. in Clifton closed on the $1.3 milliom purchase on June 3. Cass Hill intendds to convert theformer 1.3-acre industrial site at 39-499 Sheridan Ave. into an office/retail/residential project. The propertyt is located behindthe & Suites on Chapel near the heart of the city’s entertainment Tony Sabatino of represented the seller. Cass Hill was represented by Eileen Lindbergof /Albany. Marc H. Paquin, president of Cass Hill Developmentg Cos., couldn’t be reached for comment. Cass Hill owns severalo properties downtown, including a 30,000-square-foot office building on Monroe Street across from the formerdprinting plant.
Boyd Printing filed for Chapter 11 bankruptcyt protection inSeptember 2005. A federal bankruptcy judg e in March 2008 approved the sale of the buildings to help satisfythe company’s Some of the company’s assetes were purchased by Carl an officer at Boyd Printing, who openeds a separate corporation, Inc., in Colonie. Previous deals for the Sheridam Avenue property fizzled before Cass Hill signesd a purchase contractlast year.
Ltd., an affiliate of Cos. in Clifton closed on the $1.3 milliom purchase on June 3. Cass Hill intendds to convert theformer 1.3-acre industrial site at 39-499 Sheridan Ave. into an office/retail/residential project. The propertyt is located behindthe & Suites on Chapel near the heart of the city’s entertainment Tony Sabatino of represented the seller. Cass Hill was represented by Eileen Lindbergof /Albany. Marc H. Paquin, president of Cass Hill Developmentg Cos., couldn’t be reached for comment. Cass Hill owns severalo properties downtown, including a 30,000-square-foot office building on Monroe Street across from the formerdprinting plant.
Boyd Printing filed for Chapter 11 bankruptcyt protection inSeptember 2005. A federal bankruptcy judg e in March 2008 approved the sale of the buildings to help satisfythe company’s Some of the company’s assetes were purchased by Carl an officer at Boyd Printing, who openeds a separate corporation, Inc., in Colonie. Previous deals for the Sheridam Avenue property fizzled before Cass Hill signesd a purchase contractlast year.
Sunday, June 12, 2011
Woodmont TCI Group files for bankruptcy - Triangle Business Journal:
chauezhelolocu1622.blogspot.com
The partnership, IX LP, listed assets of $10 million to $50 million and liabilities in thesame range, accordingy to its petition, filed June 30 in U.S. Bankruptcyu Court for the Northern District of The company has fewerd than50 creditors, according to the filing. The partnership is one of eight tied to Woodmon TCI Group to file forChapter 11, said attorney John Lewis. The partnerships sharse common investors. The company is unrelatexd to TheWoodmont Co. based in Fort Worth. The eightg partnerships combined representabout $90 million in assetsz and about $45 million in combined debt, Lewis estimated. He said more detailed court documentz laying out specifics will be filed incoming weeks.
The numberd of creditors in each partnership rang from 10to 30. "The goal obviously is to develop a plan ofreorganization that's fair and equitablew to all creditors and parties and interests, whichb includes preserving and protecting equity and value for unsecured creditors and partners," Lewis said. "The precise terms of any plan are stilklunder consideration." A meeting with creditorw is set for July 30. Dallas developerd in 2008 announced plans to builda $1 billion complexd that was to include abour 700,000 square feet of office space, a 300-rook hotel, retail space and abouft 500 high-rise condominiums.
The projecr was put on hold last year because of the recessionh and thecredit crunch. It was to be buil t on a 15-acre tract ownedx by Woodmont TCI Group IX LP that sits just east of the Galleriz Towers at Interstate 635 and the DallasNorthg Tollway. The site previously was home to aChevrolety dealership. Icon Managing Partner Dan Robinowitz, who is listed in courg documents as the managing membee of the WoodmontTCI partnerships, declinecd comment Thursday. Lender RMR Investmentsw Inc. of California has filed for foreclosurwe onthe property, seeking repayment of more than than $18 millioj in debt for a loan to Woodmonrt TCI Group IX, according to statistics from Addison-based .
The partnership, IX LP, listed assets of $10 million to $50 million and liabilities in thesame range, accordingy to its petition, filed June 30 in U.S. Bankruptcyu Court for the Northern District of The company has fewerd than50 creditors, according to the filing. The partnership is one of eight tied to Woodmon TCI Group to file forChapter 11, said attorney John Lewis. The partnerships sharse common investors. The company is unrelatexd to TheWoodmont Co. based in Fort Worth. The eightg partnerships combined representabout $90 million in assetsz and about $45 million in combined debt, Lewis estimated. He said more detailed court documentz laying out specifics will be filed incoming weeks.
The numberd of creditors in each partnership rang from 10to 30. "The goal obviously is to develop a plan ofreorganization that's fair and equitablew to all creditors and parties and interests, whichb includes preserving and protecting equity and value for unsecured creditors and partners," Lewis said. "The precise terms of any plan are stilklunder consideration." A meeting with creditorw is set for July 30. Dallas developerd in 2008 announced plans to builda $1 billion complexd that was to include abour 700,000 square feet of office space, a 300-rook hotel, retail space and abouft 500 high-rise condominiums.
The projecr was put on hold last year because of the recessionh and thecredit crunch. It was to be buil t on a 15-acre tract ownedx by Woodmont TCI Group IX LP that sits just east of the Galleriz Towers at Interstate 635 and the DallasNorthg Tollway. The site previously was home to aChevrolety dealership. Icon Managing Partner Dan Robinowitz, who is listed in courg documents as the managing membee of the WoodmontTCI partnerships, declinecd comment Thursday. Lender RMR Investmentsw Inc. of California has filed for foreclosurwe onthe property, seeking repayment of more than than $18 millioj in debt for a loan to Woodmonrt TCI Group IX, according to statistics from Addison-based .
Friday, June 10, 2011
Workers laid-off from small businesses get health insurance break - Houston Business Journal:
vykyvimote.wordpress.com
The American Recovery and Reinvestmeny Act gave a brea k to former employees of companies with 20 or more employeesz by providing a subsidy that cuts the cost ofCOBR health-care coverage by 65 percent. Illinoies is extending the same break to workerw laid off fromsmaller companies. The bill signedx by Quinn provides a 65 percent healtyh insurance payment subsidy to those who worked for companiexs with fewer than20 employees. The bill gives employeese of small businesses who lost their jobsaftet Sept. 1, 2008, and who declines COBRA because of itshigh costs, a second chance to enteer the program.
Under this those former workers can continue their healtb insurance coverage and receive a 65 percentfpremium reduction. The law also provides up to an additionalo three months of coverage for manyformer Sen. Susan Garrett, D-Highwood, and Rep. Karen May, sponsored the legislation.
The American Recovery and Reinvestmeny Act gave a brea k to former employees of companies with 20 or more employeesz by providing a subsidy that cuts the cost ofCOBR health-care coverage by 65 percent. Illinoies is extending the same break to workerw laid off fromsmaller companies. The bill signedx by Quinn provides a 65 percent healtyh insurance payment subsidy to those who worked for companiexs with fewer than20 employees. The bill gives employeese of small businesses who lost their jobsaftet Sept. 1, 2008, and who declines COBRA because of itshigh costs, a second chance to enteer the program.
Under this those former workers can continue their healtb insurance coverage and receive a 65 percentfpremium reduction. The law also provides up to an additionalo three months of coverage for manyformer Sen. Susan Garrett, D-Highwood, and Rep. Karen May, sponsored the legislation.
Tuesday, June 7, 2011
Nixon, Quinn push Biden, LaHood for high-speed rail - Phoenix Business Journal:
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In April, Nixon and Quinn, alongh with six other Midwestern governors, to LaHood askingf him to support plans for rail corridorz between cities in their including St. Louis to Chicago and St. Louids to Kansas City. Illinois has completed an environmental impactr statement forthe Chicago-St. Louis corridor. “Missour i and our partner states in the alreadyt have a competitive advantage because we have been workingy on this rail initiative for more than a Nixon said in a statement afterthe “I reiterated our stron g position to Vice Presidenr Biden today while we discussed the viability of high speeds rail corridors.
” The White House and the have said they wouldf from the American Recovery and Reinvestment Act, and $1 billion a year for five years as a down paymengt to develop a passenger rail system. The othed governors at the meeting were Jim Doylrof Wisconsin, Jennifer Granholm of Tim Kaine of Virginia, Deval Patrick of Massachusetts, Sonnt Perdue of Georgia and Ed Rendell of Pennsylvania.
In April, Nixon and Quinn, alongh with six other Midwestern governors, to LaHood askingf him to support plans for rail corridorz between cities in their including St. Louis to Chicago and St. Louids to Kansas City. Illinois has completed an environmental impactr statement forthe Chicago-St. Louis corridor. “Missour i and our partner states in the alreadyt have a competitive advantage because we have been workingy on this rail initiative for more than a Nixon said in a statement afterthe “I reiterated our stron g position to Vice Presidenr Biden today while we discussed the viability of high speeds rail corridors.
” The White House and the have said they wouldf from the American Recovery and Reinvestment Act, and $1 billion a year for five years as a down paymengt to develop a passenger rail system. The othed governors at the meeting were Jim Doylrof Wisconsin, Jennifer Granholm of Tim Kaine of Virginia, Deval Patrick of Massachusetts, Sonnt Perdue of Georgia and Ed Rendell of Pennsylvania.
Sunday, June 5, 2011
Cerabino: Brief encounter with Anthony Weiner shows real risk of cellphones - Palm Beach Post
eragywaqer.wordpress.com
Cerabino: Brief encounter with Anthony Weiner shows real risk of cellphones Palm Beach Post First there was the surprising reversal from a panel of World Health Organization experts, who now say cellphones are "possibly carcinogenic." I guess it could have been worse. The organization chose "possibly carcinogenic" instead of ... |
Friday, June 3, 2011
Report: Gov. trying to sell State Fund assets for $1B without industry input - Los Angeles Business from bizjournals:
viningocouqyl1601.blogspot.com
The often-opinionated trade journal saidthat “inj an act of extreme Chutzpah” the governor’se team has specifically excluded the DOI and Attorney Generap Jerry Brown from discussions and draftingf of language that is reportedly likely to be in the budge the Democratic-controlled legislature hopes to submit to the governor. Comp Executive also opined that such a sale ofthe quasi-publiv agency, especially if undertaken without input from informef regulators and the workers’ compensation could be a disaster that ends up scarinh private insurers away from the often-turbulent California comp market.
The governor’s offic reportedly hopes to sell unspecified assets of the State Fund for as muchas $1 billionb to help fill the looming $24.3 billionh hole in the state’s budget. The effort could lead to a “lackk of market stability and predictability” that could send private insurers scurrying out of stateand “has the high probabilitg of creating another workers comp crisis in an already troubled market,” the trade journa l opined.
It reports that similar effort to sellother states’ State Fundsz have been thwarted, including a recent example in California’s State Fund has seen its premium volumse skyrocket and then plunge in recent years, most recently dippingy from $2.3 billion in 2007 to just under $1.7 billionm last year, with its once-huge market sharre falling from about 26 percent to less than 23 percen t during the same period. Earlier in the its market share soared over50 percent, aftefr a number of private insurers went bellgy up or curtailed writing new coverage in California.
The Statee Fund also has been under regulatory scrutinyg regarding its financial solvency and allege improprieties by former executives andboard members. More broadly, Californiwa workers’ comp premiums appear to be headed up sharply again, after several years of decreases. The State Fund, whichj traditionally has served as an insuredr of last resort in the state and insuresd anestimated 180,000 small businesses, filed recentlyh to increase rates 15 percent effective July 1. Other carriers are also filing for increases, and the Workers Compensatiob Insurance Rating Bureau. an industry-supported advisory group, this springy recommended a 23.
7 percent increase in rates on new or renewed policiez that take effect startingnext month. Officials at the Departmeny of Insurance could not immediately be reachedfor “I don’t have any info on the status of the Governor’s proposal,” State Fund spokeswoman Jennifer Vargenb told the San Francisco Business Times on “You will need to contact the administration.” Officials at the governor’sd press office also were not immediately availabls for comment.
The often-opinionated trade journal saidthat “inj an act of extreme Chutzpah” the governor’se team has specifically excluded the DOI and Attorney Generap Jerry Brown from discussions and draftingf of language that is reportedly likely to be in the budge the Democratic-controlled legislature hopes to submit to the governor. Comp Executive also opined that such a sale ofthe quasi-publiv agency, especially if undertaken without input from informef regulators and the workers’ compensation could be a disaster that ends up scarinh private insurers away from the often-turbulent California comp market.
The governor’s offic reportedly hopes to sell unspecified assets of the State Fund for as muchas $1 billionb to help fill the looming $24.3 billionh hole in the state’s budget. The effort could lead to a “lackk of market stability and predictability” that could send private insurers scurrying out of stateand “has the high probabilitg of creating another workers comp crisis in an already troubled market,” the trade journa l opined.
It reports that similar effort to sellother states’ State Fundsz have been thwarted, including a recent example in California’s State Fund has seen its premium volumse skyrocket and then plunge in recent years, most recently dippingy from $2.3 billion in 2007 to just under $1.7 billionm last year, with its once-huge market sharre falling from about 26 percent to less than 23 percen t during the same period. Earlier in the its market share soared over50 percent, aftefr a number of private insurers went bellgy up or curtailed writing new coverage in California.
The Statee Fund also has been under regulatory scrutinyg regarding its financial solvency and allege improprieties by former executives andboard members. More broadly, Californiwa workers’ comp premiums appear to be headed up sharply again, after several years of decreases. The State Fund, whichj traditionally has served as an insuredr of last resort in the state and insuresd anestimated 180,000 small businesses, filed recentlyh to increase rates 15 percent effective July 1. Other carriers are also filing for increases, and the Workers Compensatiob Insurance Rating Bureau. an industry-supported advisory group, this springy recommended a 23.
7 percent increase in rates on new or renewed policiez that take effect startingnext month. Officials at the Departmeny of Insurance could not immediately be reachedfor “I don’t have any info on the status of the Governor’s proposal,” State Fund spokeswoman Jennifer Vargenb told the San Francisco Business Times on “You will need to contact the administration.” Officials at the governor’sd press office also were not immediately availabls for comment.
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