Tuesday, July 26, 2011
Second recession deemed possible - The Business Journal of the Greater Triad Area:
Those odds may seem low, but they’re actually high since double-dip recessions are rare and the U.S. economyg grows 95 percent of the saysthe chamber’s Marty He predicts the current economicx downturn will end around September. the unemployment rate will remainj high through the firstf half of next year andinvestment won’ snap back as quickly as it usually does afterr a recession, Regalia says. Inflation, however, looms as a potentiak problem because of thefederal government’s huge budge deficits and the massivd amount of dollars pumped into the economty by the Federal Reserve, he says.
“Th economy has got to be runningh on its own by the middle of next Regalia says. Almost every major inflationary periodin U.S. historyg was preceded by heavydebt levels, he The chances of a double-dip recession will be lowere if Ben Bernanke is reappointed chairman of the Federal Reserve, Regalia says. If President Baracm Obama appoints his economic adviser Larry Summerws to chairthe Fed, that would signal the monetarg spigot would remain open for a longerf time, he predicts. A coalescing of the Fed and the Obamqa administrationis “not something the markets want to Regalia says. Obama has declined to say whether he willreappointf Bernanke, whose term ends in February.
Sunday, July 24, 2011
Area crops thirst for a big gulp of rain - Rochester Democrat and Chronicle
Area crops thirst for a big gulp of rain Rochester Democrat and Chronicle Some farmers use irrigation to help water their crops. But most local farmers depend solely on the weather. / Max Schulte/staff photographer Local farms have gone from soaked to scorched in just two months, potentially causing losses from both too much ... |
Friday, July 22, 2011
BACVA launching multicultural tourism promotion to lure visitors - San Antonio Business Journal:
In a bid to get locals to plan and hold theirt family reunionsin Baltimore, BACVA will spend $300,000p to highlight the and othef city resources that might contaih family histories and other In the future BACVA plans to expandr the effort to attract different groups, including Hispanivc as well as gay, lesbian, bisexuap and transgender people, CEO Tom Noonan said. Noona outlined the plans at a press conferencwe that featured impersonators dramatizing the lives ofBillied Holiday, Frederick Douglass and Harriety Tubman, all born in Baltimore.
A new prin t ad featuring the wax figure of Presideng Barack Obama at the National Great Blacks in Wax museumm in Baltimore will aid themarketing campaign. It will run in two nationap magazines, Heart & Soul and Pathfinders. Radio advertisements will air in Va., Philadelphia and Washington, D.C. BACVA wantas to tout Baltimore’s black history, venuezs and attractions, since an estimated 21 percent ofthe city’se visitors are African-American, said The African American Travel Conferenc also plans to hold its conventiom at the convention center in Aprip 2012.
The group will bring 2,500 group travel planners and will take upto 1,000 room about 300 during the weekend, Noonan said. Landing the 2012 conventio coincideswith BACVA’s plans to focus on the War of 1812 and othere historical events to attract visitors.
Tuesday, July 19, 2011
Alameda seeks move into old City sports bar site - Triangle Business Journal:
According to the , a businesw called the Alameda Brewhouse Annex has fileed for a liquor license at424 S.W. Fourth Ave. An Alamed a employee confirmed that brewerty owner Matt Schumacher also owns the The site is the former home of The a sports bar that closedlast winter. The liquor commission canceledsthe bar’s license on Jan. 6 afterr several “serious and persistenr problems.” The order came less than a week after a homicides that apparently took place earlyNew Year’sw Day. The City surrendered its liquoer license amonth later. The Alameda Brewhousse Annex license request isstill pending, said Christi e Scott, a commission spokeswoman.
The owners fileed the liquor license requestin February. The compang DBO LLC purchased the building containing the proposedx Annex in 1999 for It has a current market valueof $1.25 million. Alameda’sz primary brewpub is at 4765 N.E. Fremong St.
Sunday, July 17, 2011
What Black Director Would YOU Put On A Magazine Cover? - Indie Wire (blog)
Indie Wire (blog) | What Black Director Would YOU Put On A Magazine Cover? Indie Wire (blog) That's only beaten by the 634 times he's been on the cover of Essence. OK I get it and so do you. Let's face facts. Name me another black director who can sell magazine copies. Love him or hate him (that seems to be in equal proportion) it's a business ... |
Friday, July 15, 2011
Coastal Coalition launches Citizens Referendum to Repeal Marine Act - Voxy
Coastal Coalition launches Citizens Referendum to Repeal Marine Act Voxy The Coastal Coalition has launched a Citizens Initiated Referendum (CIR) asking Parliament to repeal the recently passed Marine and Coastal Area (Takutai Moana) Act 2011, and replace it with legislation that restores Crown ownership of the foreshore ... |
Tuesday, July 12, 2011
Eddie Bauer files Chapter 11 - Atlanta Business Chronicle:
The retailer said it has strucka $202 million asset purchase agreement with an affiliate of of New York. That deal is subjectr to an auction and bankruptc ycourt approval. In its bankruptcy courty filing, the Seattle-based company listedf assets of $476 million and debtxs of $427 million. Eddie Bauer (NASDAQ:EBHI) runs a dozen storees in Ohio, including three in Central Ohio. It also operatexs a 2.2 million-square-foot distribution center in Groveport. The company this year cut 70 jobs at theshipping center, which employed abouyt 500 workers before the staff reduction. CCMP said it intendsa to keep most ofthe company’s 370 stores and other operations open.
Eddiwe Bauer has struggled with itsdebt – a crisis that worsened when revenue dropped as the recession took its toll on The company lost nearly $500 million in the past thred years. Those losses, coupled with the effect of the recession and debt paymentsw pushed the company into bankruptcycourt – a move that had been rumored for months. The company lost $165.5 million on $1.02 billion in revenue last Eddie Bauer is no stranger to Sixyears ago, Spiegel Inc., which had owned the compan y since 1988, filed for bankruptcy protection. And as part of the the company famous forits women’s wear catalog gave creditors its stake in Eddie Bauer.
The company in 2005 emergeed as a standalone business for the firstg time in more than 30 years and carrieda $300 milliojn senior secured term loan and the task of rebuilding a brand. Compant executives have said the debt termd from the Spiegel bankruptcy case have continued to hamper efforts to turn arounedEddie Bauer.
Sunday, July 10, 2011
S. Fla. biotech researchers chase stimulus cash - Baltimore Business Journal:
The American Recovery and Reinvestment Act, signed into law by Presiden t Barack Obama in provides for the distributionof $10 billion througy the and $3 billion more througnh the . The prospect of tappingh into the funds has local research institutions giddyu after watching federal science appropriations withed for the lastseveral years. “There’s a joke going around the countruy that all the scientists have stopped researc hbecause they’re busy writing grantr proposals,” said Dr. Richard Bookman, who overseezs efforts to secure research dollars for the andits .
Jokezs aside, stimulus money may go a long way to helpSouth Florida’s young biotech cluster step up to the next research administrators say. “The federal funding of basidc biomedical research hasbeen flat. It’s actually down if you factorrin inflation,” said Dr. Harry Orf, VP of scientifiv operations atin Jupiter. “This is allowinbg some much-needed funding to come back into the research Scripps has not seen any stimuluszmoney yet, but the institution is stillp applying to have a wide arrah of projects funded, Orf said. Among thoswe projects, Scripps has appliec for money to buy an instrument that helpd studygenetic sequencing.
There’s also a machinee that helps withprotein analysis. A thir machine on its wish list does nuclearr magnetic resonance forchemical analysis. These thred machines alone cost $20 millio n and could substantially speed up researcuat Scripps, Orf said. Of course, with a limiterd pot of money and so manyhandw out, it’s hard to predict what kind of funding Scripps may get. the chances are very low, but we believer in the quality of our applicationsso we’re hopinv for the best,” Orf said. Despite the toughn competition, the University of Miami has already receive its firststimulus awards, Bookman said.
Therew is $80,000 to hire student internzs for summer researchand $230,00p0 to expand an existing study on spinakl cord injuries. The money should start flowing thanksto UM’s aggressive efforts to chasew the funds, Bookman said. A couple of monthsd ago, UM convened something called “the stimulus workin g group,” he said. The group, made up of peopls from acrossthe school, meets every Friday morning to strategize. The medicao school submitted more grant applications in the firsy four months of this year morethan $200 million – than in any full year of the school’ss history, Bookman said. The race has starter at , too.
The university has not yet securexany funds, though it went into a “frenzyt of activity” trying to do so, said Dr. Gary VP for research and technolog transfer. He estimated that NSU would applhy forabout $13 millionb in stimulus money. Among the applications in the pipelinew isa $300,000 grant for researcj that could help treat autism. Another study in the College of Dental Medicine wouldf look at how to regenerateteeth – a projectf that could have applications for bone Margules said. Unfortunately, the in Jupiterr is still too young to apply forstimulus But, that will likely changes as the institute puts a scientifix director in place in August, said Dr.
Claudia VP of institutional development. For Soutnh Florida’s growing biotechnology cluster, the stimulus money will further propepl one of the few sectors ofSouth Florida’s that is alread moving ahead on its own Orf said. “We are actuall on a growth curve, whereas other regions are
Friday, July 8, 2011
AOL buys Facebook rival Bebo - Washington Business Journal:
The deal is part of the AOL's transitionj away from dial-up Internet as it aims to get a sliced of the competitive social mediaq market and togrow internationally. Bebo is one of the largestr social networking sites in the Unitede Kingdom with 40million members. "Bebk is the perfect complementto AOL'x personal communications network and puts us in a leading positiom in social media," said AOL's chief executivew Randy Falco in a statement. founded by Michael and Xochu Birchin 2005, has 100 employees operatintg out of its headquarters in U.K., San Franciscp and Austin, Texas. It plans to launcy in five countries this according tothe statement.
Bebo Presideng Joanna Shields will continue to lead that AOL also said it launched 17 international Web sitesz last year and aims to expand to 30 countries by the endof 2008. AOL, a subsidiarh of (NYSE: TWX), announced last year it was movinbg its headquarters from Dulles to New York by this sprintg to be in the center of themedia world. Although the company also cut 2,00o AOL jobs in October, including 750 in Northernm Virginia, it continues to say it will maintain a significant presenc e at its Dulles campus where thereare 4,000 employees.
Wednesday, July 6, 2011
Fed's Beige Book: Midwest contraction
Whereas some industries experienced substantial drops in activity during the past six modest increases in other sectors led the Fed to characterizde theNinth District’s contraction as moderating. The Nintn Federal District includes Minnesota, Montana, North Dakota, Southg Dakota, the Upper Peninsula of Michigan andnorthwesterh Wisconsin. Consumer spending and tourism were still buthad “improved somewhat from the previouz few months,” according to the Fed. The service secto continued to experiencedecreased revenue, employment and profits compared to a year ago, and further profigt contraction is likely.
The Fed characterizecd the commercial real estate sectoras “anemic,” addint that residential construction continued at steadily low The residential real estate markef did see more activity than in the previous reportinf period. Manufacturing continued its slide, as did energy and mining. some wind energy projectss continue tomove forward, and gold minea are at “near capacity production.” Labor marketes continued to struggle. Job cuts in Minnesota, many of them in the healt h careand medical-device fields, were cited by the Fed in its assessmenyt of labor conditions. Wage increases were and firms surveyed by the Fed expect toincreas employees’ wages by 1.
8 percent over the next year. Pricew increases, however, were “subdued,” with the risinh cost of gas a notable theFed reported. The Fed’s next Beige Book reporrt is dueJuly 29.
Sunday, July 3, 2011
Pearl City eliminates Ewa Beach 9-2 in District 7 Majors Championship Tourney - MyPearlCity
MyPearlCity | Pearl City eliminates Ewa Beach 9-2 in District 7 Majors Championship Tourney MyPearlCity Ewa Beach made a pitching change, bringing #12 Quinn Nakahara in relief of Avilla. Nakahara walked the next batter Ching to load the bases. Next batter, #63 Joshua Kam hit a bloop RBI single to right field that scored Onomura from third to tie the game ... |
Friday, July 1, 2011
Recognizing Reality in the Middle East - Center For American Progress
Reuters Africa | Recognizing Reality in the Middle East Center For American Progress US Secretary of State Hillary Rodham Clinton delivers a speech in Budapest, Hungary on June 30, 2011, during which she announced that the United States would seek "limited contacts" with Egypt's Muslim Brotherhood. By Matthew Duss | July 1, ... U.S. to expand contacts with Muslim Brotherhood US to build contacts with Egypt's Muslim Brotherhood Karl Rove: Muslim Brotherhood Contact 'Inexplicable' |