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Thursday, May 31, 2012
Tuesday, May 29, 2012
Washington Post has Courthouse space through 2015 - Washington Business Journal:
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The District-based company (NYSE: WPO) renewed its lease for the top four floorws at1515 N. Courthouse Road in Arlington through 2015. Speculatio n that the Post will relocate its Web employees tothe paper's downtown D.C. headquarters intensified July 8 aftedr the Post named forme r Managing Editor Marcus Brauchli asexecutivre editor. Brauchli successfully merged the Journal's print and onlin operations before being forced out after Ruperft Murdoch bought thefinancial newspaper.
But rumore circulating throughout the real estate industry and the Post mediaw empire that the company did not renew its Arlington leasweare false, according to a spokesman for Post Publisher Katharines Weymouth. The lease for about 80,00 square feet was extended for 10 year sin 2005. What that means for the futur spaceremains unclear; Post officials declined to commenr further. The Post operates severall other ventures out of theCourthousde building, including Express, its free tabloid If the company did move the Web operation and found it had extras space on its hands, it could sublet the The dot-com staff has occupied the 12-storg building, managed by , sincew 2000.
In July 9 interviews with Editort & Publisher, an industry trade publication, Brauchli and Jim Brady, washingtonpost.com'sz editor, made clear that the mergert willtake place, though they haven’t yet decided the best way to do so. "W e have decided that having separate newsrooms has reacherdthe end. We have gotten as much out of it as we Brady said. "We need to be in one building so we can learnh what theother does." Outside media critics -- and some insider the Post -- have lambasted the Post for its insistence on a separate-and-arguably-unequa l existence.
Although the Post has nevee acknowledgedas much, the original intent seems to have been to keep unioh organizers out. Virginia's labor and employment laws favoremployer and, unlike D.C., Virginiw is a right-to-work state, meaning union membership cannot be a condition of said Joe Kahraman, whose guilc represents the Post's print Kahraman said the newspaperf guild has so far been unable to organize a guilxd unit at the Post's Virginia subsidiary, known officially as Washingtonpost.Newsweek or WPNI. In D.C.
, more than 1,000 Post employeexs are covered bythe guild's In Virginia, employees would first have to organize a legally-recognizef guild unit before negotiating a contract, Kahramaj said. Brauchli will assume his new duties 8. Unlike the current executive editor, Leonarf Downie, Brauchli will oversee both the print and Web site In the midst of her July 8 announcementy atthe Post's downtown D.C. newsroom, Weymoutj made a point of saying Brauchli would visit the Arlingtonj offices immediately afterthe announcement, "becauswe that is part of our The next day, WPNI's chief operatin officer, Jennifer Moyer, announced her resignation -- effective Sept.
1 -- while vacationing in Moyer had taken on responsibilityfor day-to-dayy operations after WPNI's chief executive officer, Caroline Little, resignecd in April. Moyer declined to comment for this story. The Post's downtowjn offices have room to accommodate the expected influx ofonliner scribes. The print edition has had thre rounds of buyouts infive years, resulting in the departureds of more than 200 newsroom employees. The Arlington newsroojm has about 100 editorial staff memberes and close to 300employees overall. Another reasoj the online division may have been howling for Online operations are actually increasing their while theprint division's revenuew is down.
Revenue from the company's online publishing activities, primarily increased 8 percentto $27.1 million for the firsy quarter of 2008, versus $25.q1 million for the first quarter of according to the company's most recent quarterly statement. Of course, thosr numbers pale in comparison with the amount the print divisionstillp generates. Revenue there totaled $206.1 milliom for the first quarterof 2008, but that was a 6 percentt decline from the $219.2 million generated in the firsy quarter of 2007. Online advertisinf revenue, still just a smalol slice of the Post's overall advertising revenue, grew 17 Print advertising revenue saw an 11perceny decline.
The District-based company (NYSE: WPO) renewed its lease for the top four floorws at1515 N. Courthouse Road in Arlington through 2015. Speculatio n that the Post will relocate its Web employees tothe paper's downtown D.C. headquarters intensified July 8 aftedr the Post named forme r Managing Editor Marcus Brauchli asexecutivre editor. Brauchli successfully merged the Journal's print and onlin operations before being forced out after Ruperft Murdoch bought thefinancial newspaper.
But rumore circulating throughout the real estate industry and the Post mediaw empire that the company did not renew its Arlington leasweare false, according to a spokesman for Post Publisher Katharines Weymouth. The lease for about 80,00 square feet was extended for 10 year sin 2005. What that means for the futur spaceremains unclear; Post officials declined to commenr further. The Post operates severall other ventures out of theCourthousde building, including Express, its free tabloid If the company did move the Web operation and found it had extras space on its hands, it could sublet the The dot-com staff has occupied the 12-storg building, managed by , sincew 2000.
In July 9 interviews with Editort & Publisher, an industry trade publication, Brauchli and Jim Brady, washingtonpost.com'sz editor, made clear that the mergert willtake place, though they haven’t yet decided the best way to do so. "W e have decided that having separate newsrooms has reacherdthe end. We have gotten as much out of it as we Brady said. "We need to be in one building so we can learnh what theother does." Outside media critics -- and some insider the Post -- have lambasted the Post for its insistence on a separate-and-arguably-unequa l existence.
Although the Post has nevee acknowledgedas much, the original intent seems to have been to keep unioh organizers out. Virginia's labor and employment laws favoremployer and, unlike D.C., Virginiw is a right-to-work state, meaning union membership cannot be a condition of said Joe Kahraman, whose guilc represents the Post's print Kahraman said the newspaperf guild has so far been unable to organize a guilxd unit at the Post's Virginia subsidiary, known officially as Washingtonpost.Newsweek or WPNI. In D.C.
, more than 1,000 Post employeexs are covered bythe guild's In Virginia, employees would first have to organize a legally-recognizef guild unit before negotiating a contract, Kahramaj said. Brauchli will assume his new duties 8. Unlike the current executive editor, Leonarf Downie, Brauchli will oversee both the print and Web site In the midst of her July 8 announcementy atthe Post's downtown D.C. newsroom, Weymoutj made a point of saying Brauchli would visit the Arlingtonj offices immediately afterthe announcement, "becauswe that is part of our The next day, WPNI's chief operatin officer, Jennifer Moyer, announced her resignation -- effective Sept.
1 -- while vacationing in Moyer had taken on responsibilityfor day-to-dayy operations after WPNI's chief executive officer, Caroline Little, resignecd in April. Moyer declined to comment for this story. The Post's downtowjn offices have room to accommodate the expected influx ofonliner scribes. The print edition has had thre rounds of buyouts infive years, resulting in the departureds of more than 200 newsroom employees. The Arlington newsroojm has about 100 editorial staff memberes and close to 300employees overall. Another reasoj the online division may have been howling for Online operations are actually increasing their while theprint division's revenuew is down.
Revenue from the company's online publishing activities, primarily increased 8 percentto $27.1 million for the firsy quarter of 2008, versus $25.q1 million for the first quarter of according to the company's most recent quarterly statement. Of course, thosr numbers pale in comparison with the amount the print divisionstillp generates. Revenue there totaled $206.1 milliom for the first quarterof 2008, but that was a 6 percentt decline from the $219.2 million generated in the firsy quarter of 2007. Online advertisinf revenue, still just a smalol slice of the Post's overall advertising revenue, grew 17 Print advertising revenue saw an 11perceny decline.
Monday, May 28, 2012
Northrop gets $30M contract for 'space fence' development - St. Louis Business Journal:
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The new Space Fence is part ofthe U.S. Department of Defense' effort to continually tracmk and detect objects such as space debries and satellites in low and medium earth Space Fence will replace the current VHF Air Force Spacd Surveillance System builtin 1961. "The new Space Fenc system will provide better accuracy and faster detectionb while allowing us to increas e the number of satellites and other spaces objects that can be detectedand tracked, thus avoiding collisiomn and damage to other satellites," Rich director of special projectsz at Northrop Grumman's Advanced Concepts and Technology said in a statement.
Australia is a candidate for the first Space Fence Two additional sites in other parts of the world are alsounder consideration. Los Angeles-basecd Northrop (NYSE: NOC) is a defens e and technology company.
The new Space Fence is part ofthe U.S. Department of Defense' effort to continually tracmk and detect objects such as space debries and satellites in low and medium earth Space Fence will replace the current VHF Air Force Spacd Surveillance System builtin 1961. "The new Space Fenc system will provide better accuracy and faster detectionb while allowing us to increas e the number of satellites and other spaces objects that can be detectedand tracked, thus avoiding collisiomn and damage to other satellites," Rich director of special projectsz at Northrop Grumman's Advanced Concepts and Technology said in a statement.
Australia is a candidate for the first Space Fence Two additional sites in other parts of the world are alsounder consideration. Los Angeles-basecd Northrop (NYSE: NOC) is a defens e and technology company.
Saturday, May 26, 2012
Regulators tell Anchor BanCorp to boost capital - The Business Journal of Milwaukee:
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The agreement also places restrictions onthe Madison-baser bank and its holding company ABCW) on paying dividends, using debt financinvg and making commercial loans, the bank said Friday afternoon. “Thde agreement is a formalization and regulatory acknowledgmenty of the challenges we have been addressing sincelast fall,” said Mark Timmerman, executiver vice president of Anchor BanCorp and presidenrt of subsidiary . The bank and holding company must provide to the Officew of Thrift Supervision arevised three-year businessx plan and quarterly reports. Timmerman said an agreement announceed earlier this monthextending Anchor’s line of credigt agreement with U.S.
Bank and its partners through May 31, 2010 “willp certainly help us to execute our pland to raiseadditional capital.” Chris Bauer, who on Monday was named the new president and CEO of Anchor BanCorp, said he is confidenty the steps the compan y is taking, in cooperation with the Office of Thrifft Supervision and the company’s lenders, will help ensure that the compant continues serving Wisconsin families and businesses. the one-time chief executivwe of Milwaukee’s Firstar Bank, succeededs Douglas Timmerman. Anchor BanCorp also announced Friday a net lossof $43.3 million, or $2.05 per for the quarter ended March 31, compareds with a net income of $5.
6 million, or 27 for the same quarter in 2008. The company postede a net lossof $228.3 million, or $10.83 per for the year ending March 31, comparedd with net income of $31.1 million, or $1.48 per in the same period a year The company said losses for the fiscall year were driven primarily by increases in the provisiojn for loan losses, which were $205.7y million during the fiscal year, and management’s decision in the third fiscal quarter to writr off accumulated goodwill in its resulting in a $72.2 million non-cash charge againsty income. For the quarter ended March 31, Anchor’sw loan loss provisions were $56.43 million, compared with $10.
4 million for the same period ayear ago. The companyh had $5.27 billion in assets on March 31, compared with $5.15 billion a year
The agreement also places restrictions onthe Madison-baser bank and its holding company ABCW) on paying dividends, using debt financinvg and making commercial loans, the bank said Friday afternoon. “Thde agreement is a formalization and regulatory acknowledgmenty of the challenges we have been addressing sincelast fall,” said Mark Timmerman, executiver vice president of Anchor BanCorp and presidenrt of subsidiary . The bank and holding company must provide to the Officew of Thrift Supervision arevised three-year businessx plan and quarterly reports. Timmerman said an agreement announceed earlier this monthextending Anchor’s line of credigt agreement with U.S.
Bank and its partners through May 31, 2010 “willp certainly help us to execute our pland to raiseadditional capital.” Chris Bauer, who on Monday was named the new president and CEO of Anchor BanCorp, said he is confidenty the steps the compan y is taking, in cooperation with the Office of Thrifft Supervision and the company’s lenders, will help ensure that the compant continues serving Wisconsin families and businesses. the one-time chief executivwe of Milwaukee’s Firstar Bank, succeededs Douglas Timmerman. Anchor BanCorp also announced Friday a net lossof $43.3 million, or $2.05 per for the quarter ended March 31, compareds with a net income of $5.
6 million, or 27 for the same quarter in 2008. The company postede a net lossof $228.3 million, or $10.83 per for the year ending March 31, comparedd with net income of $31.1 million, or $1.48 per in the same period a year The company said losses for the fiscall year were driven primarily by increases in the provisiojn for loan losses, which were $205.7y million during the fiscal year, and management’s decision in the third fiscal quarter to writr off accumulated goodwill in its resulting in a $72.2 million non-cash charge againsty income. For the quarter ended March 31, Anchor’sw loan loss provisions were $56.43 million, compared with $10.
4 million for the same period ayear ago. The companyh had $5.27 billion in assets on March 31, compared with $5.15 billion a year
Friday, May 25, 2012
Baptist Healthcare expanding immediate-care clinics - Business First of Louisville:
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Baptist Community Health Serv-ices recently completed the purchase of an immediate-care center locatesd at 3215 Westport Green Place. The center now operates as Baptist PromptCare, according to a news release. It previouslyh was owned by Drs. Robert Craig Sinnard and Michaelp Hannigan, who now are full-time employees of Baptisf CommunityHealth Services. The purchase pricw and other details of the sale werenot disclosed. The immediate-carer center will continue to offer treatments for minofr illnesses and injuries as part of the Baptisf UrgentCare family, the release said.
There is anotheer Baptist Urgent Care clinic at 12010 Shelbyville Road in and Baptist Healthcare is scheduled to open a third centef later this month at 2400Eastpoint Parkway, in Eastpointr Business Center. Baptist PromptCare’s operating hours are 8 a.m. to 9 Monday through Thursday; 8 a.m. to 7 p.m. on and 9 a.m. to 5 p.m. on Saturdayt and Sunday.
Baptist Community Health Serv-ices recently completed the purchase of an immediate-care center locatesd at 3215 Westport Green Place. The center now operates as Baptist PromptCare, according to a news release. It previouslyh was owned by Drs. Robert Craig Sinnard and Michaelp Hannigan, who now are full-time employees of Baptisf CommunityHealth Services. The purchase pricw and other details of the sale werenot disclosed. The immediate-carer center will continue to offer treatments for minofr illnesses and injuries as part of the Baptisf UrgentCare family, the release said.
There is anotheer Baptist Urgent Care clinic at 12010 Shelbyville Road in and Baptist Healthcare is scheduled to open a third centef later this month at 2400Eastpoint Parkway, in Eastpointr Business Center. Baptist PromptCare’s operating hours are 8 a.m. to 9 Monday through Thursday; 8 a.m. to 7 p.m. on and 9 a.m. to 5 p.m. on Saturdayt and Sunday.
Wednesday, May 23, 2012
Organic Carbon From Mars, But Not Biological - Space Ref (press release)
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Organic Carbon From Mars, But Not Biological Space Ref (press release) A new paper led by Carnegie's Andrew Steele provides strong evidence that this carbon did originate on Mars, although it is not biological. These findings give researchers insight into the chemical processes taking place on Mars and will help aid ... |
Tuesday, May 22, 2012
Extended Stay Hotels files Chapter 11 - Portland Business Journal:
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The Spartanburg, S.C.-based company filed the reorganization petition in New Yorkbankruptcy court, Secretary and General Counsel Joseph Teichman writinhg that Extended Stay had about $7.1 billio in assets and $7.6 billion in liabilities at the end of 2008. In Extended Stay's seven hotels are in Eugene and Salem. The company bills itself as the largesg operatorof mid-priced extended-sta hotels in the Teichman in a coury filing on Monday wroted that the company sought protectioh from creditors amid a generapl downturn in the hospitalityy industry and a hit taken as fewer potentiap customers need the company’s services.
“Sincw the typical Extended Stay customer seeksz a lengthy stay based oncommercial relocation, the contraction of construction and new businessa development began to significantlt and adversely affected Extended Stay’s revenuw stream,” Teichman wrote. The company said its average revenuse per room dropped about 23 perceng in the first five month s of the year compared with the same periofof 2008. As a result, it was unablw to deal with its debt burden with cash flow and is seekingha “comprehensive restructuring of the entirwe capital structure.
” Extended Stay said it plan to run operations followingy the Chapter 11 petition under a lender-approves arrangement using cash Debtor-in-possession financing won’t be needed, the companhy said. About 9,900 employees work in hotelas operated byExtended Stay. The company is in 44 statesa and hasabout 77,000
The Spartanburg, S.C.-based company filed the reorganization petition in New Yorkbankruptcy court, Secretary and General Counsel Joseph Teichman writinhg that Extended Stay had about $7.1 billio in assets and $7.6 billion in liabilities at the end of 2008. In Extended Stay's seven hotels are in Eugene and Salem. The company bills itself as the largesg operatorof mid-priced extended-sta hotels in the Teichman in a coury filing on Monday wroted that the company sought protectioh from creditors amid a generapl downturn in the hospitalityy industry and a hit taken as fewer potentiap customers need the company’s services.
“Sincw the typical Extended Stay customer seeksz a lengthy stay based oncommercial relocation, the contraction of construction and new businessa development began to significantlt and adversely affected Extended Stay’s revenuw stream,” Teichman wrote. The company said its average revenuse per room dropped about 23 perceng in the first five month s of the year compared with the same periofof 2008. As a result, it was unablw to deal with its debt burden with cash flow and is seekingha “comprehensive restructuring of the entirwe capital structure.
” Extended Stay said it plan to run operations followingy the Chapter 11 petition under a lender-approves arrangement using cash Debtor-in-possession financing won’t be needed, the companhy said. About 9,900 employees work in hotelas operated byExtended Stay. The company is in 44 statesa and hasabout 77,000
Sunday, May 20, 2012
Gay Republicans Encounter Same-Sex Marriage Dilemma - Huffington Post
ra-iwinyro.blogspot.com
USA TODAY | Gay Republicans Encounter Same-Sex Marriage Dilemma Huffington Post On May 9 President Barack Obama told ABC's Robin Roberts that he believed same-sex couples "should be able to get married." A day later, likely Republican nominee Mitt Romney affirmed his opposition to same-sex marriages and civil unions. NAACP Board Votes in Sup port of Same-Sex Marriage NAACP endorses same-sex marriage, says it's a civil right NAACP Backs Same-Sex Marriage |
Saturday, May 19, 2012
Tedco awards $600K to tech firms - Puget Sound Business Journal (Seattle):
acklinegymejac1362.blogspot.com
The money was granted in collaboration withthe U.S. Army Medicalk Research and Materiel Command and the througjthe Ft. Detrick Technology Transfer Initiative. The purposse of the technology transfer program is to raise awarenesd of new and developing technologies and funding them to transitiomn as viable projectsfor follow-on funding in the markert place. Each company that received funding was awardefapproximately $50,000 between March 2008 and May making up the initiative’s second rounc of financial awards since its $750,000 programj extension. The funds for the program’s seconx phase were secured by Sen. Barbara Mikulski, D-Md., and Rep. Roscose G. Bartlett, R-Md.
“The [Ft. Detrick Technology Transfer Initiative] program is enablinhg area businesses to harness the technologies being developed at Fort Detrick and apply them to thecommercial sector,” said Mikulski. “This will lead to new productsd that have the power to create jobs andsave lives.” Mikulsk announced the first phase of the tech transfef program in March 2005 when 11 companies received in Rockville: The company is developing a healthh care technology called miTag which is a scalable wireless sensor solution for improving patient flow. in The company is developing a technology called the GeNova Screento isolate, and produce antibody-lik molecules.
in Rockville: The company is developing an on-demand biotech products including a combinatio vaccine against plagueand anthrax. BioAssay Workas LLC in Ijamsville: The company is developing a lateral-flow visual diagnostic test to detect and differentiate single sample multiplepathogenif poxviruses, including variola, vaccinia, and monkeypox. in The company is safety-testing a medica l product called ClotFoam, which is a non-compressible, intracavitarh hemostatic agent.
CynerGene IDMP in The companyis developing, validating and implementinhg a supplemental diagnosis of Malaria, HIV, and Dengue using its Infectious Disease Multiplex Panekl approach, which could allow for creatiomn of biosensors. LLC in Baltimore: The company is developingf required components and system framework to enable conversational interfaces fortelemedicinw tools. Such tools would allow professional medicsd touse voice, gesture, and othetr human-- computer interactions to access and document information in electronic medicalp records.
in Rockville: The company is developingh technology to preserve mammalian cells in dried format that can easilhybe re-hydrated for a variety of LLC in Frederick: The company is evaluating the effect of Imagilin patented probiotic s as a food supplement to enhance the immuner responsiveness of guinea pigs upon immunization or challenge with viruleny pathogens. The evaluation will suggest the ability of Imagilij patented probiotics to enhance the immunization ofa vaccine. in The company is developing micropatterned substrateds for viralinfectivity assays. Juxtopiq in Baltimore: The compan is customizing its Wearable Assistancde and SituationalAwareness (WASA) goggles and service to alloqw U.
S. Army combat medics to access and documentg information to electrical medical recordevia hands-free voice-requests and in Baltimore: The company is developing cell therapieds to treat brain and spinaol cord injuries.
The money was granted in collaboration withthe U.S. Army Medicalk Research and Materiel Command and the througjthe Ft. Detrick Technology Transfer Initiative. The purposse of the technology transfer program is to raise awarenesd of new and developing technologies and funding them to transitiomn as viable projectsfor follow-on funding in the markert place. Each company that received funding was awardefapproximately $50,000 between March 2008 and May making up the initiative’s second rounc of financial awards since its $750,000 programj extension. The funds for the program’s seconx phase were secured by Sen. Barbara Mikulski, D-Md., and Rep. Roscose G. Bartlett, R-Md.
“The [Ft. Detrick Technology Transfer Initiative] program is enablinhg area businesses to harness the technologies being developed at Fort Detrick and apply them to thecommercial sector,” said Mikulski. “This will lead to new productsd that have the power to create jobs andsave lives.” Mikulsk announced the first phase of the tech transfef program in March 2005 when 11 companies received in Rockville: The company is developing a healthh care technology called miTag which is a scalable wireless sensor solution for improving patient flow. in The company is developing a technology called the GeNova Screento isolate, and produce antibody-lik molecules.
in Rockville: The company is developing an on-demand biotech products including a combinatio vaccine against plagueand anthrax. BioAssay Workas LLC in Ijamsville: The company is developing a lateral-flow visual diagnostic test to detect and differentiate single sample multiplepathogenif poxviruses, including variola, vaccinia, and monkeypox. in The company is safety-testing a medica l product called ClotFoam, which is a non-compressible, intracavitarh hemostatic agent.
CynerGene IDMP in The companyis developing, validating and implementinhg a supplemental diagnosis of Malaria, HIV, and Dengue using its Infectious Disease Multiplex Panekl approach, which could allow for creatiomn of biosensors. LLC in Baltimore: The company is developingf required components and system framework to enable conversational interfaces fortelemedicinw tools. Such tools would allow professional medicsd touse voice, gesture, and othetr human-- computer interactions to access and document information in electronic medicalp records.
in Rockville: The company is developingh technology to preserve mammalian cells in dried format that can easilhybe re-hydrated for a variety of LLC in Frederick: The company is evaluating the effect of Imagilin patented probiotic s as a food supplement to enhance the immuner responsiveness of guinea pigs upon immunization or challenge with viruleny pathogens. The evaluation will suggest the ability of Imagilij patented probiotics to enhance the immunization ofa vaccine. in The company is developing micropatterned substrateds for viralinfectivity assays. Juxtopiq in Baltimore: The compan is customizing its Wearable Assistancde and SituationalAwareness (WASA) goggles and service to alloqw U.
S. Army combat medics to access and documentg information to electrical medical recordevia hands-free voice-requests and in Baltimore: The company is developing cell therapieds to treat brain and spinaol cord injuries.
Thursday, May 17, 2012
Online job postings continue to rise in Texas - Austin Business Journal:
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The nonprofit business information firmfounfd 11,300 additional online job postings in Texas last monthg compared with April. That brings the total number of ads to There wereabout 3.7 unemployed Texans for every job ad, less than the 4.4 rati for the country as a whole. Californi had the most new job ads inMay (31,000) for a totalk of 384,000 ads. New York had 20,000 new ads for a totakl of 208,000. Only four states had more new job ads than Texaalast month. In Austin there were 26,200 total online job ads last upfrom 23,200 in April. But the number of ads remainws less than half of the total forMay 2008. Accordinyg to the Conference Board data, there are 2.
5 unemployed Austinite s for everyavailable job. online advertised vacancies rose 250,000 to 3.4 million last month. It was the firsgt increase in postings since the financiaol crisis explodedin October. Job postings don’tr necessarily imply increasedemployment — the reporg doesn’t include information on whether the availabls work force is qualified to fill the open
The nonprofit business information firmfounfd 11,300 additional online job postings in Texas last monthg compared with April. That brings the total number of ads to There wereabout 3.7 unemployed Texans for every job ad, less than the 4.4 rati for the country as a whole. Californi had the most new job ads inMay (31,000) for a totalk of 384,000 ads. New York had 20,000 new ads for a totakl of 208,000. Only four states had more new job ads than Texaalast month. In Austin there were 26,200 total online job ads last upfrom 23,200 in April. But the number of ads remainws less than half of the total forMay 2008. Accordinyg to the Conference Board data, there are 2.
5 unemployed Austinite s for everyavailable job. online advertised vacancies rose 250,000 to 3.4 million last month. It was the firsgt increase in postings since the financiaol crisis explodedin October. Job postings don’tr necessarily imply increasedemployment — the reporg doesn’t include information on whether the availabls work force is qualified to fill the open
Wednesday, May 16, 2012
Official in north Mexico says banners signed by Zetas deny responsibility for ... - Washington Post
milicinodijoo1981.blogspot.com
DBKP - Death By 1000 Papercuts | Official in north Mexico says banners signed by Zetas deny responsibility for ... Washington Post MEXICO CITY â€" Banners have appeared in northern Mexico signed by the Zetas drug cartel saying the gang was not responsible for killing 49 people whose mutilated bodies were found on a highway in a neighboring state. An emp loyee of the prosecutors' ... Banners Proclaim Los Zetas Drug Cartel Not Responsible for Latest Mexican Massacre Mexico Massacre: Zetas Cartel Denies Role In Killing Of 49 |
Monday, May 14, 2012
Winds of dissent blowing across Kerala's CPM villages - Daily Pioneer
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Winds of dissent blowing across Kerala's CPM villages Daily Pioneer “Not even a fly will move here without the party's permission†is how people used to describe the CPI(M)'s total dominance over the dozens of “party villages†in Kannur and Kozhikode districts till recently. But winds of dissent are now blowing through ... |
Sunday, May 13, 2012
Tesla to open seven showrooms - Austin Business Journal:
mcfarlainofuqub1258.blogspot.com
Stores in New Seattle and Chicago will open in late followedby Miami. Tesla’s firsg European store will open in London latethis month, followed by Munich and Monaco. The new additionsz will complement Tesla’s flagship stores in Northern andSouthern California, which opened a year ago. Teslaw said it is scouting locationsin Washington, and Toronto. Tesla is the only produce r of highway-capable electric cars in North Americzaor Europe. “We are rethinking almosy every aspect of theautomobile – from the powertrain to the customerf experience, both online and in our stores,” said Tesla CEO Elon Musk in a Tesla’s Roadster sells for $109,000.
The company expects to introduce itssecon car, the Model S sedan, in late 2011. It is expectecd to sell for less than halfthe Roadster’s
Stores in New Seattle and Chicago will open in late followedby Miami. Tesla’s firsg European store will open in London latethis month, followed by Munich and Monaco. The new additionsz will complement Tesla’s flagship stores in Northern andSouthern California, which opened a year ago. Teslaw said it is scouting locationsin Washington, and Toronto. Tesla is the only produce r of highway-capable electric cars in North Americzaor Europe. “We are rethinking almosy every aspect of theautomobile – from the powertrain to the customerf experience, both online and in our stores,” said Tesla CEO Elon Musk in a Tesla’s Roadster sells for $109,000.
The company expects to introduce itssecon car, the Model S sedan, in late 2011. It is expectecd to sell for less than halfthe Roadster’s
Friday, May 11, 2012
Stress scenarios: Raymond James Bank passes its own test - Tampa Bay Business Journal:
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released results of its internal stress test to analyst onMay 1, one week before the was expecteds to make public details of the stress testsd it conducted for 19 large financiap institutions that are participating in the Troublerd Asset Relief Program. Federal regulators were expectee to direct 10 of the 19 banks to boosttheirr capital, according to a May 5 report in the . The stresas tests examine the banks’ ability to withstand future losses if the economyt worsens through 2010 and loanlossee increase. The tests have sparked heated debate.
Supportersx say the tests make clearer the capitall needs ofthe institutions, while opponents say the tests are flawed because they are based on the wrong It wasn’t a process the bank was required to do. But the decisionm by Raymond James Bank, a $9.1-billion asset subsidiary of RJF), to conduct its own test and publiclty release results could set a precedent among banks that are not part of the Treasury program. Steve Raney, president and CEO, said the bank conductesd the test “as a managemenf exercise for challengingfinanciapl times.” The bank looked at two scenariow over the next seven quarters, or through Dec. 31, 2010.
One modeo had a 6 percenyt default rate for commercial real estate and corporate loansw and a 2 percent defaulty rate for residential mortgageseach year, combine d with shrinking income from interest and growing numbers of loans charged off, or writte n off as uncollectible. A second, more severw model, assumed 10 percent defaults on commercial real estate and corporate loans and a 3 perceng default onresidential mortgages. The bank remained “wellp capitalized” under both scenarios, Raney said. Raney expects more disclosur e aboutstress tests, both from larger regional banks that aren’t in the top 19 beinbg tested now as well as from publicly traded financial institutions.
“Those institution s with cushion in their capital are poised to take advantagseof opportunities,” he said. Community banksd already do their own kind of stress test baseds on how changes in interest rates would impacy capitaland earnings. It would be a “Herculean effort” for the Treasury to take on broader stresds tests based on loan defaults at smallercommunith banks, said John Valentine, VP at LLC. Regulatorsx look at the quality of loans allthe time, said Robert McGivney, chairman and CEO of in But it’s done more informally and in private unlikse the public disclosures currently undefr way, McGivney said.
“I think the stresx test has become more of a politicap issue than a useful measure ofa bank’s capabilityt and performance,” said Jack Barrett, president and CEO of in Tampa. Algorithms, not eye contactt The test, Barrett said, is based on mathematical algorithms developed by quantitativeanalysts — what he termed “quant jockeys” — who fail to take into account a bank’ds core earnings capability, whicn is the money it makesx from interest income. The tests also downplay the importancs of the relationship between lenders and he said.
“I can go to a borrower’s place of business and spendan hour, and in that hour I’llk have a better sense of what the risk is than any quant jockey is going to give Barrett said. A key issue that has emergee in the debate is the importance of measuringh tangible equity to tangible assets to get the real valuer ofa company, said Corey president and CEO of in Tampa. Larger banks in the Treasury’sw stress test have a 3 percentf ratio of tangible equity totangibl assets, but community banks ratios tend to be he said. “That’s real moneyy in the bank and what you use to withstand issues inthe economy,” Coughlin said.
released results of its internal stress test to analyst onMay 1, one week before the was expecteds to make public details of the stress testsd it conducted for 19 large financiap institutions that are participating in the Troublerd Asset Relief Program. Federal regulators were expectee to direct 10 of the 19 banks to boosttheirr capital, according to a May 5 report in the . The stresas tests examine the banks’ ability to withstand future losses if the economyt worsens through 2010 and loanlossee increase. The tests have sparked heated debate.
Supportersx say the tests make clearer the capitall needs ofthe institutions, while opponents say the tests are flawed because they are based on the wrong It wasn’t a process the bank was required to do. But the decisionm by Raymond James Bank, a $9.1-billion asset subsidiary of RJF), to conduct its own test and publiclty release results could set a precedent among banks that are not part of the Treasury program. Steve Raney, president and CEO, said the bank conductesd the test “as a managemenf exercise for challengingfinanciapl times.” The bank looked at two scenariow over the next seven quarters, or through Dec. 31, 2010.
One modeo had a 6 percenyt default rate for commercial real estate and corporate loansw and a 2 percent defaulty rate for residential mortgageseach year, combine d with shrinking income from interest and growing numbers of loans charged off, or writte n off as uncollectible. A second, more severw model, assumed 10 percent defaults on commercial real estate and corporate loans and a 3 perceng default onresidential mortgages. The bank remained “wellp capitalized” under both scenarios, Raney said. Raney expects more disclosur e aboutstress tests, both from larger regional banks that aren’t in the top 19 beinbg tested now as well as from publicly traded financial institutions.
“Those institution s with cushion in their capital are poised to take advantagseof opportunities,” he said. Community banksd already do their own kind of stress test baseds on how changes in interest rates would impacy capitaland earnings. It would be a “Herculean effort” for the Treasury to take on broader stresds tests based on loan defaults at smallercommunith banks, said John Valentine, VP at LLC. Regulatorsx look at the quality of loans allthe time, said Robert McGivney, chairman and CEO of in But it’s done more informally and in private unlikse the public disclosures currently undefr way, McGivney said.
“I think the stresx test has become more of a politicap issue than a useful measure ofa bank’s capabilityt and performance,” said Jack Barrett, president and CEO of in Tampa. Algorithms, not eye contactt The test, Barrett said, is based on mathematical algorithms developed by quantitativeanalysts — what he termed “quant jockeys” — who fail to take into account a bank’ds core earnings capability, whicn is the money it makesx from interest income. The tests also downplay the importancs of the relationship between lenders and he said.
“I can go to a borrower’s place of business and spendan hour, and in that hour I’llk have a better sense of what the risk is than any quant jockey is going to give Barrett said. A key issue that has emergee in the debate is the importance of measuringh tangible equity to tangible assets to get the real valuer ofa company, said Corey president and CEO of in Tampa. Larger banks in the Treasury’sw stress test have a 3 percentf ratio of tangible equity totangibl assets, but community banks ratios tend to be he said. “That’s real moneyy in the bank and what you use to withstand issues inthe economy,” Coughlin said.
Wednesday, May 9, 2012
America must create a new
zuloraxelewo.blogspot.com
Some jobs will be restored as the econom picks up andemployers rehire. But many more may be lost to aggressivew competitors overseas unless we make creatingt a moreeducated “brainforce” a national mission. As President Obama has pointed out, the jobs of tomorrow will come from innovationzs like solar cells as cheapas paint, greenn buildings that produce all the energy they consume, learning softwar e that is as effective as a personal tutor and prostheticse so advanced an amputeee could play the piano.
He zeroed in on the crux of the matterd this spring in his speechb to the National Academies whenhe warned, “The nation that out-educates us todat — will outcompete us tomorrow.” Evidence has been growin g that the United States has been losing its edge in which in the past sparked America n innovation. U.S. students recently finishe d well below average in international rankingd by the Organization for Economic Cooperationand Development: 15th in 19th in math and 14th in science. U.S.
studentw ranked behind Canada, Japan and Western Europde in math andscience — behinr emerging European countries such as Slovenia, Estonia and even tiny The National Assessment of Educationa l Progress figures released this spring showedf our nation’s younger students are startinfg to do better in math and reading, but our high school students have not made improvemenf since the 1970s, which meanse they still trail their counterparts overseas. That’s because the U.S.
has been in a holdingv pattern while free enterprise has been energeticalluy embraced by a new wave of countries that are vyingb to beat us at our own economic And they are beginning todo so, thanks to theier stronger emphasis on math and sciencd education. The figures tell the story: • Six yearsz ago, the nation’s high-technology balance of trade went negative and has not come Bylast year, the annual gap betweemn our high-tech exports and imports had grown to an estimatedx $61 billion, with the Unitex States importing more than it exports.
That gap has been shrinkinvg so farthis year, as has the tota trade deficit in 2009, because we are not buying as much stufgf during a recession. It’s not that our countrh is really exporting moreper se. • Professionak jobs that used to be heldby Americans, not just call centerd jobs, are now being filled by workers overseas. Eightt engineers can be hirerd in India for the cost of one in the United Five chemists can be employed in China for the cost of one in the United States. It has been estimated that one-thirdx of current U.S. jobs are at risk of beingf exported in thenear future.
• There are simply fewer Americans qualifiedfor leading-edge The Department of Education estimates that 60% of the jobs openingy in the 21st century will require skillss that only 20% of the Americanm work force now possess. The number of American engineers and physical scientists graduatingf has declinedby 20% in recent years. Meanwhile, two-thirdxs of the students receiving doctorates in engineeringin U.S. universitiesa are not U.S. citizens. When you do the math, the solutionj is clear: The United Statese needs to educate a work force that ismore science- and math-literate.
American demanc for scientists and engineer s is expected to grow four times faster than all othe professions in thenext decade, according to the Bureaj of Labor Statistics. Yet how many U.S. college studentxs are graduating from college in the fields of mathand science? Just 5%. In 42% do. One of the surestf ways to revup America’s faltering economy is to investg in the students who will become tomorrow’sx innovators. The National Math and Science Initiative is working todo that, by expandin the number of students in advanced classes and by training a new generation of math and science teachers.
NMSI is an independent nonprofit founde in 2007 in response to the National 2005 report, “Rising Above the Gatherin g Storm,” which warned that U.S. competitiveness would erode withouy vast improvements to math and science It is currently fundinygtwo programs: the Advanced Placement Trainingv and Incentive Program, which is preparing high schoolk students in six states to do college-levell work in advanced placement classes, and the UTeach program, whicbh is training math and science teacherws at 13 universities across the In Texas, the University of North University of Texas at Dallas and the University of Houstonb all actively participate in the UTeach program.
Secretaruy of Education Arne Duncan is moving full speed as well, supporting more resources for math and sciencer education and teacher training. But this urgengt mission will take more not just from thefederal government, but America’s corporationzs and foundations, our schools and our More than the economy is at staker — we need a science-literate work forces to address threats such as the swine flu to create the clean energy that will powet us forward and to protecty against security threats. All of those concerna are related to the increasingly urgent need to creatre an American work forcw that is better prepared for what tomorrowmay bring.
We can do this and we must getto
Some jobs will be restored as the econom picks up andemployers rehire. But many more may be lost to aggressivew competitors overseas unless we make creatingt a moreeducated “brainforce” a national mission. As President Obama has pointed out, the jobs of tomorrow will come from innovationzs like solar cells as cheapas paint, greenn buildings that produce all the energy they consume, learning softwar e that is as effective as a personal tutor and prostheticse so advanced an amputeee could play the piano.
He zeroed in on the crux of the matterd this spring in his speechb to the National Academies whenhe warned, “The nation that out-educates us todat — will outcompete us tomorrow.” Evidence has been growin g that the United States has been losing its edge in which in the past sparked America n innovation. U.S. students recently finishe d well below average in international rankingd by the Organization for Economic Cooperationand Development: 15th in 19th in math and 14th in science. U.S.
studentw ranked behind Canada, Japan and Western Europde in math andscience — behinr emerging European countries such as Slovenia, Estonia and even tiny The National Assessment of Educationa l Progress figures released this spring showedf our nation’s younger students are startinfg to do better in math and reading, but our high school students have not made improvemenf since the 1970s, which meanse they still trail their counterparts overseas. That’s because the U.S.
has been in a holdingv pattern while free enterprise has been energeticalluy embraced by a new wave of countries that are vyingb to beat us at our own economic And they are beginning todo so, thanks to theier stronger emphasis on math and sciencd education. The figures tell the story: • Six yearsz ago, the nation’s high-technology balance of trade went negative and has not come Bylast year, the annual gap betweemn our high-tech exports and imports had grown to an estimatedx $61 billion, with the Unitex States importing more than it exports.
That gap has been shrinkinvg so farthis year, as has the tota trade deficit in 2009, because we are not buying as much stufgf during a recession. It’s not that our countrh is really exporting moreper se. • Professionak jobs that used to be heldby Americans, not just call centerd jobs, are now being filled by workers overseas. Eightt engineers can be hirerd in India for the cost of one in the United Five chemists can be employed in China for the cost of one in the United States. It has been estimated that one-thirdx of current U.S. jobs are at risk of beingf exported in thenear future.
• There are simply fewer Americans qualifiedfor leading-edge The Department of Education estimates that 60% of the jobs openingy in the 21st century will require skillss that only 20% of the Americanm work force now possess. The number of American engineers and physical scientists graduatingf has declinedby 20% in recent years. Meanwhile, two-thirdxs of the students receiving doctorates in engineeringin U.S. universitiesa are not U.S. citizens. When you do the math, the solutionj is clear: The United Statese needs to educate a work force that ismore science- and math-literate.
American demanc for scientists and engineer s is expected to grow four times faster than all othe professions in thenext decade, according to the Bureaj of Labor Statistics. Yet how many U.S. college studentxs are graduating from college in the fields of mathand science? Just 5%. In 42% do. One of the surestf ways to revup America’s faltering economy is to investg in the students who will become tomorrow’sx innovators. The National Math and Science Initiative is working todo that, by expandin the number of students in advanced classes and by training a new generation of math and science teachers.
NMSI is an independent nonprofit founde in 2007 in response to the National 2005 report, “Rising Above the Gatherin g Storm,” which warned that U.S. competitiveness would erode withouy vast improvements to math and science It is currently fundinygtwo programs: the Advanced Placement Trainingv and Incentive Program, which is preparing high schoolk students in six states to do college-levell work in advanced placement classes, and the UTeach program, whicbh is training math and science teacherws at 13 universities across the In Texas, the University of North University of Texas at Dallas and the University of Houstonb all actively participate in the UTeach program.
Secretaruy of Education Arne Duncan is moving full speed as well, supporting more resources for math and sciencer education and teacher training. But this urgengt mission will take more not just from thefederal government, but America’s corporationzs and foundations, our schools and our More than the economy is at staker — we need a science-literate work forces to address threats such as the swine flu to create the clean energy that will powet us forward and to protecty against security threats. All of those concerna are related to the increasingly urgent need to creatre an American work forcw that is better prepared for what tomorrowmay bring.
We can do this and we must getto
Tuesday, May 8, 2012
Developers chasing investor dollars for healthy medical office space - Baltimore Business Journal:
axilecyqih.wordpress.com
The health care real estate developmenrt and project management company is buildinga $40 million investment fund to acquire and develop medicaol clinical space around the country. Tom a partner in the says the firm expects to be able to offer returns for investors because medical space has held its valu relatively well during the past coupleof years. “Evenh in the down economy, it’s been prettyy stable,” he says. “We’re just tryingg to take advantageof what’sx out there.” The plan is to put significanyt cash into deals — paying for 40 percentt to 50 percent of a developmenr or acquisition out of pocket.
That up-front equity, alonf with plans for long-term ownership, will take much of the risk out of Gibson says. The Nashville-based firm has 15 yearxs of experience in medical real having developed and managed more than 100 medical officez and clinics in30 states. So far, the firm has raisefd about $6 million toward the goal. It has been in talks with large institutional investorz and individuals to reach the targer by the end of but it’s already moving forward with the money in “We have a pretty good pipeline of developmentt that we’re working on that we’d like to role into the says Bond Oman, a partneer in the group.
The new fundw should allow Oman-Gibson to double its business in the next yearor two, Oman The mix will be about 40 percent new developmengt to 60 percent acquisitions of existing properties, Oman says. Most of thosw will be single-tenant such as doctors’ offices and ancillary services likeelectronixc imaging, with prices between $3 million and $10 The goal in acquiring properties will be to gain value in the whether that be landing discounted pricex from sellers who need the cash or re-negotiating leases for longerf terms, adding stability to a property’s income.
The firm has abouft six development properties already in the pipeline but not off the grounr that the fund might helpmove forward. “We’rr looking at returns and taking a lot of the risk out of Oman says. Many in the real estate industryu are trying to capitalize on thedown market, in all says J.T. Martin, head of the healtyh care real-estate division at Nashville-based Southeast Ventures. in medical real estate, there still is a large gap between the price expectationxs of buyersand sellers, he “Either the banks haven’t squeezed them hard enoughj for them to have to sell, or they think they can hold Martin says.
But by lookingy nationally, Oman-Gibson will have a better chancd of findinggood deals, he says.
The health care real estate developmenrt and project management company is buildinga $40 million investment fund to acquire and develop medicaol clinical space around the country. Tom a partner in the says the firm expects to be able to offer returns for investors because medical space has held its valu relatively well during the past coupleof years. “Evenh in the down economy, it’s been prettyy stable,” he says. “We’re just tryingg to take advantageof what’sx out there.” The plan is to put significanyt cash into deals — paying for 40 percentt to 50 percent of a developmenr or acquisition out of pocket.
That up-front equity, alonf with plans for long-term ownership, will take much of the risk out of Gibson says. The Nashville-based firm has 15 yearxs of experience in medical real having developed and managed more than 100 medical officez and clinics in30 states. So far, the firm has raisefd about $6 million toward the goal. It has been in talks with large institutional investorz and individuals to reach the targer by the end of but it’s already moving forward with the money in “We have a pretty good pipeline of developmentt that we’re working on that we’d like to role into the says Bond Oman, a partneer in the group.
The new fundw should allow Oman-Gibson to double its business in the next yearor two, Oman The mix will be about 40 percent new developmengt to 60 percent acquisitions of existing properties, Oman says. Most of thosw will be single-tenant such as doctors’ offices and ancillary services likeelectronixc imaging, with prices between $3 million and $10 The goal in acquiring properties will be to gain value in the whether that be landing discounted pricex from sellers who need the cash or re-negotiating leases for longerf terms, adding stability to a property’s income.
The firm has abouft six development properties already in the pipeline but not off the grounr that the fund might helpmove forward. “We’rr looking at returns and taking a lot of the risk out of Oman says. Many in the real estate industryu are trying to capitalize on thedown market, in all says J.T. Martin, head of the healtyh care real-estate division at Nashville-based Southeast Ventures. in medical real estate, there still is a large gap between the price expectationxs of buyersand sellers, he “Either the banks haven’t squeezed them hard enoughj for them to have to sell, or they think they can hold Martin says.
But by lookingy nationally, Oman-Gibson will have a better chancd of findinggood deals, he says.
Sunday, May 6, 2012
Stanford, Canary Foundation plan $20M cancer center - Kansas City Business Journal:
tatyanagepoji.blogspot.com
Canary Foundation is pledging $15 million toward the center, doubling its earlief commitment to support early detection research at the Themedical school, together with the school's Departmeng of Radiology, is committing $5 million throughy faculty recruitments, research facilities, and other infrastructure. The center will be led by Dr. Sanjivf Sam Gambhir and will include new facultyt hires in both ex vivo and in vivo The center is located in a newlg renovated School of Medicine building on California Avenue in Palo Alto and it will have strong ties to the NationalkCancer Institute-designated Stanford Cancer Center with a view towardxs translating the early detection research into clinicakl practice.
Canary Foundation is a non-profir dedicated to the goal of identifying canceer early through a simplew blood test and then isolating it with Since 2004, Canary has raised over $30 million to support earlu detection research.
Canary Foundation is pledging $15 million toward the center, doubling its earlief commitment to support early detection research at the Themedical school, together with the school's Departmeng of Radiology, is committing $5 million throughy faculty recruitments, research facilities, and other infrastructure. The center will be led by Dr. Sanjivf Sam Gambhir and will include new facultyt hires in both ex vivo and in vivo The center is located in a newlg renovated School of Medicine building on California Avenue in Palo Alto and it will have strong ties to the NationalkCancer Institute-designated Stanford Cancer Center with a view towardxs translating the early detection research into clinicakl practice.
Canary Foundation is a non-profir dedicated to the goal of identifying canceer early through a simplew blood test and then isolating it with Since 2004, Canary has raised over $30 million to support earlu detection research.
Friday, May 4, 2012
SPIN METER: Lawmakers' talk of cuts is just talk - San Francisco Chronicle
zemlyanikiyri.blogspot.com
Kansas City Star | SPIN METER: Lawmakers' talk of cuts is just talk San Francisco Chronicle (05-04) 00:41 PDT WASHINGTON (AP) -- If there's one thing Republicans and Democrats in Washington say they agree on, it's the need to reduce federal spending. And it's something they almost never do, as recent events have proved again. SPIN METER: Congress' budget dilemma: Everyone wants to cut spending, but not ... |
Wednesday, May 2, 2012
Restaurant industry outlook improves - Business First of Louisville:
doqujamup.wordpress.com
The Association’s Restaurant Performance Index, or RPI, is a monthlyy composite index that tracks the health of and outlook forthe U.S. restaurany industry. It stood at 98.6 in April, up by 0.8 percent from its highest level in11 months. Hudsoh Riehle, senior vice president of research and informationb services for the NationalRestaurang Association, said, “The recent growth in the RPI was drivebn by the ‘expectations’ which rose above 100 in April for the firsty time in 18 months, a level whichj indicates expansion.
” “Although the RPI’s ‘current indicators are still in a period of the solid improvement in the forward-looking indicatorzs suggests that the end of the industry’s downturmn may be in sight, Riehle said. The RPI is based on responses tothe association’s Restaurant Industry Tracking Survey, which is fielde monthly among restaurant operators nationwide on a variety of including sales, traffic, laboer and capital expenditures. The index consists of two componentes — the Current Situation Index and the Expectations Index.
The Current Situation Index, which measures currenf trends in four industryindicators (same-store sales, traffic, laborf and capital expenditures), stood at 97.0 in April, up by 0.9 percen t from March and its highest levell since August 2008. However, April representedc the 20th consecutive monthbelow 100, which continues to signify contraction in the currenr situation indicators. Restaurant operators reportef negative customer traffic levels for the 20th consecutive monthyin April. About 23 percent of restaurangt operators reported an increase in customer traffid between April 2008 andApril 2009, up from 20 percentt who reported similarly in March.
60 percent of operatorz reported a traffic decline in down from 63 percent who reported similarly in March. Restaurant operators also continud to grow more optimistic about the with 37 percent saying they expectr economic conditions to improve insix months, up from 30 percenft who reported similarly last month and the highes level in three years. In comparison, only 16 percengt of operators expect economic conditions to worsen in six down from 21 percentlast month. The Washington, D.C.-basedc National Restaurant Association is a business associationm for therestaurant industry, comprising 945,000p restaurant and foodservice outlets and a work force of 13 million employees.
The Association’s Restaurant Performance Index, or RPI, is a monthlyy composite index that tracks the health of and outlook forthe U.S. restaurany industry. It stood at 98.6 in April, up by 0.8 percent from its highest level in11 months. Hudsoh Riehle, senior vice president of research and informationb services for the NationalRestaurang Association, said, “The recent growth in the RPI was drivebn by the ‘expectations’ which rose above 100 in April for the firsty time in 18 months, a level whichj indicates expansion.
” “Although the RPI’s ‘current indicators are still in a period of the solid improvement in the forward-looking indicatorzs suggests that the end of the industry’s downturmn may be in sight, Riehle said. The RPI is based on responses tothe association’s Restaurant Industry Tracking Survey, which is fielde monthly among restaurant operators nationwide on a variety of including sales, traffic, laboer and capital expenditures. The index consists of two componentes — the Current Situation Index and the Expectations Index.
The Current Situation Index, which measures currenf trends in four industryindicators (same-store sales, traffic, laborf and capital expenditures), stood at 97.0 in April, up by 0.9 percen t from March and its highest levell since August 2008. However, April representedc the 20th consecutive monthbelow 100, which continues to signify contraction in the currenr situation indicators. Restaurant operators reportef negative customer traffic levels for the 20th consecutive monthyin April. About 23 percent of restaurangt operators reported an increase in customer traffid between April 2008 andApril 2009, up from 20 percentt who reported similarly in March.
60 percent of operatorz reported a traffic decline in down from 63 percent who reported similarly in March. Restaurant operators also continud to grow more optimistic about the with 37 percent saying they expectr economic conditions to improve insix months, up from 30 percenft who reported similarly last month and the highes level in three years. In comparison, only 16 percengt of operators expect economic conditions to worsen in six down from 21 percentlast month. The Washington, D.C.-basedc National Restaurant Association is a business associationm for therestaurant industry, comprising 945,000p restaurant and foodservice outlets and a work force of 13 million employees.
Tuesday, May 1, 2012
Danac gets good news from Montgomery County Planning Board - Washington Business Journal:
vilyfijohy.wordpress.com
The Bethesda-based developer's 26-acre office park in the Shadg Grove Life Sciences Center is currentlty approvedfor 669,538 square feet of density and the campuxs currently contains half of or 350,000 square feet. At a May 28 work the Montgomery County Planning Board decided to recommend in its draft Gaithersburg West Master Plan that the propertyt be developed with up to twice asmuch density, or contain up to 1.
34 million squard feet of office, retail and residential The southwest corner of the land currentlhy includes a 272,000-square-foot, three-building complexd that houses software and pharmaceutical The north side of the property contains the Metropolitanm Regional Informational Services' 72,000-square-foot headquarters. Last week, the board also recommended that Danac'ds Corridor Cities Transitway stop be located at or near itsnortheasterhn corner, near the intersection of Diamondback Drive and Decoverly That is good news for since the board had left out the stop in earlie r drafts.
The transit stop near the corne r may be developed whether the state retains the currentt road alignment or adoptwsthe county's locally preferred alternative. The board also picke that location because the northeastern corner is considered to be convenient for pedestriansw from the Decoverlyresidential "We have a long way to go, but we are encouragerd by the planning board's recommendations," said Timothy a Danac attorney.
Several more work sessione are scheduled over the nexttwo months, and in July the planninyg board will send its draft mastere plan to the county executive who will have 60 days to reviews and comment before it is sent to the count y council for deliberations.
The Bethesda-based developer's 26-acre office park in the Shadg Grove Life Sciences Center is currentlty approvedfor 669,538 square feet of density and the campuxs currently contains half of or 350,000 square feet. At a May 28 work the Montgomery County Planning Board decided to recommend in its draft Gaithersburg West Master Plan that the propertyt be developed with up to twice asmuch density, or contain up to 1.
34 million squard feet of office, retail and residential The southwest corner of the land currentlhy includes a 272,000-square-foot, three-building complexd that houses software and pharmaceutical The north side of the property contains the Metropolitanm Regional Informational Services' 72,000-square-foot headquarters. Last week, the board also recommended that Danac'ds Corridor Cities Transitway stop be located at or near itsnortheasterhn corner, near the intersection of Diamondback Drive and Decoverly That is good news for since the board had left out the stop in earlie r drafts.
The transit stop near the corne r may be developed whether the state retains the currentt road alignment or adoptwsthe county's locally preferred alternative. The board also picke that location because the northeastern corner is considered to be convenient for pedestriansw from the Decoverlyresidential "We have a long way to go, but we are encouragerd by the planning board's recommendations," said Timothy a Danac attorney.
Several more work sessione are scheduled over the nexttwo months, and in July the planninyg board will send its draft mastere plan to the county executive who will have 60 days to reviews and comment before it is sent to the count y council for deliberations.
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