Stalin's daughter, who had found refuge in Marin, dies at 85 Marin Independent-Journal Soviet dictator Josef Stalin's daughter, who died of colon cancer Nov. 22 at the age of 85, lived a turbulent, controversial, vagabond life, bouncing back and forth between the United States and the Soviet Union. ... |
Wednesday, November 30, 2011
Stalin's daughter, who had found refuge in Marin, dies at 85 - Marin Independent-Journal
amesit.wordpress.com
Monday, November 28, 2011
J. Jill to close one Jacksonville store - Dayton Business Journal:
pemp66seb.blogspot.com
Nine of the 75 storezs to be closed arein Florida, including the one in The Avenuee mall. A second Jacksonville J. Jill locationb at the St. Johns Town Center will remain open. In a statement announcing the sale, Talbotxs President and CEO Trudy Sullivanm saidit “enables us to focud our time, resources and attention exclusively on rejuvenating our core Talbotw brand and return to profitabls growth.” The transaction includes the transfer of certain assets and liabilities to the buyer, including a distributiobn center in New Hampshire, the sublease of a portionh of the Quincy, Mass., headquarters and substantiallyh all of the brand’s intellectual properth and inventories.
The remaining 204 stores will continue to operate underthe J. Jill brand. The headquarter s for the company will remainin Quincy. The J. Jill sale is expectedd to be completed in the second quarteer and is subject to postclosingg adjustments. San Francisco based-Golden Gate Capital acquirede Jacksonville-based Venus in 2006. The acquisition was Golden Gate’as 11th in two years. Last mont Venus announced that all 290 employees were in jeopardyu of losing their jobs when the swimweadr and ladies apparel company lostits financing.
With its latestf catalog recentlybeing released, Venus employees are still at least for now, and companty executives are looking for a new buyerf to acquire the company.
Nine of the 75 storezs to be closed arein Florida, including the one in The Avenuee mall. A second Jacksonville J. Jill locationb at the St. Johns Town Center will remain open. In a statement announcing the sale, Talbotxs President and CEO Trudy Sullivanm saidit “enables us to focud our time, resources and attention exclusively on rejuvenating our core Talbotw brand and return to profitabls growth.” The transaction includes the transfer of certain assets and liabilities to the buyer, including a distributiobn center in New Hampshire, the sublease of a portionh of the Quincy, Mass., headquarters and substantiallyh all of the brand’s intellectual properth and inventories.
The remaining 204 stores will continue to operate underthe J. Jill brand. The headquarter s for the company will remainin Quincy. The J. Jill sale is expectedd to be completed in the second quarteer and is subject to postclosingg adjustments. San Francisco based-Golden Gate Capital acquirede Jacksonville-based Venus in 2006. The acquisition was Golden Gate’as 11th in two years. Last mont Venus announced that all 290 employees were in jeopardyu of losing their jobs when the swimweadr and ladies apparel company lostits financing.
With its latestf catalog recentlybeing released, Venus employees are still at least for now, and companty executives are looking for a new buyerf to acquire the company.
Saturday, November 26, 2011
UnitedHealthcare, St. Joe
vickreyafolori1839.blogspot.com
United is expected to begin sending out letters to its memberas and physicians who might be affected bySaintf Joseph's termination of its Unitede agreement, Atlanta Business Chronicle has learned. Under Georgiaw law, insurers are required to inform affectedd members within 30 days of a contract expiration. The four-year contract was set to expire Aug. 1, but the deadline has been extendedto Aug. 8 as the two sided continue to negotiate. United provides health insurancd coverage tonearly 1.5 million including state employees. Aboutt 6.
5 percent of patient visits -- inpatient admission s and outpatient -- at Saint Joe were from United If a contract cannotbe reached, Saint Joe facilities and doctora will be deemed “out-of-network” by United, requirint the insurer’s members to shell out more for hospital and doctorx visits at Saint Joe, than they would for providers. One of the main sticking pointa in the contract negotiations involves Saint Joe seeking higher reimbursementfrom United. That issuse has also bogged down contract talks between and WellStarHealth System.
In mid June, WellStad issued letters warning 14,000 Aetna patient that the health system might terminate its agreemengt with the insurer if a new contract cannog be negotiatedby Aug. 31. As hospitals face bottom-line pressured from declining government reimbursement, coupled with rising rolls of many are turning to commercial insurers for rate Saint Joe is seeking arate increase, said Heather Dexter, the health system’s vice president of “We believe it to be very very reasonable and in line with the market,” Dexterf said. “We are looking for a fair and equitable contract andwe don’t believe we’vse reached that point yet.” .
Both Saint Joe and Unitedf officials expressed optimism that a deal would get done befordethe deadline. “UnitedHealthcare’s negotiations with Saint Joseph’sa will continue to take place in good faitu to address the important issues that are always part of such the insurer said inan “UnitedHealthcare remains hopeful that the negotiations will result in a new contractr that assures our customers continued accessd to St.
Joseph’s
United is expected to begin sending out letters to its memberas and physicians who might be affected bySaintf Joseph's termination of its Unitede agreement, Atlanta Business Chronicle has learned. Under Georgiaw law, insurers are required to inform affectedd members within 30 days of a contract expiration. The four-year contract was set to expire Aug. 1, but the deadline has been extendedto Aug. 8 as the two sided continue to negotiate. United provides health insurancd coverage tonearly 1.5 million including state employees. Aboutt 6.
5 percent of patient visits -- inpatient admission s and outpatient -- at Saint Joe were from United If a contract cannotbe reached, Saint Joe facilities and doctora will be deemed “out-of-network” by United, requirint the insurer’s members to shell out more for hospital and doctorx visits at Saint Joe, than they would for providers. One of the main sticking pointa in the contract negotiations involves Saint Joe seeking higher reimbursementfrom United. That issuse has also bogged down contract talks between and WellStarHealth System.
In mid June, WellStad issued letters warning 14,000 Aetna patient that the health system might terminate its agreemengt with the insurer if a new contract cannog be negotiatedby Aug. 31. As hospitals face bottom-line pressured from declining government reimbursement, coupled with rising rolls of many are turning to commercial insurers for rate Saint Joe is seeking arate increase, said Heather Dexter, the health system’s vice president of “We believe it to be very very reasonable and in line with the market,” Dexterf said. “We are looking for a fair and equitable contract andwe don’t believe we’vse reached that point yet.” .
Both Saint Joe and Unitedf officials expressed optimism that a deal would get done befordethe deadline. “UnitedHealthcare’s negotiations with Saint Joseph’sa will continue to take place in good faitu to address the important issues that are always part of such the insurer said inan “UnitedHealthcare remains hopeful that the negotiations will result in a new contractr that assures our customers continued accessd to St.
Joseph’s
Thursday, November 24, 2011
German bond fears weigh on world stocks - Financial Post (blog)
vilyfijohy.wordpress.com
Sydney Morning Herald | German bond fears weigh on world stocks Financial Post (blog) LONDON â€" German government bond yields hit their highest in nearly a month on Thursday and world stocks held near 7-week lows as a weak debt sale the previous day fanned fears the eurozone debt crisis may fin » |
Tuesday, November 22, 2011
Saturday, November 19, 2011
Earth Class Mail signs up Swiss Post - Portland Business Journal:
iqukikofor.wordpress.com
a Seattle-based company with roots in has signed a letter of intenywith , the national mail carrier for Swiss Post will license Earth Clasz Mail’s technology for converting papeer mail into digital files that customers can view and manag e in a secure Web-basefd account. The Document Solutions division of Swissx Post will launcha nine-month pilot program in Switzerland, France, Austria and Italy starting in said Benoit Stroelin, who heads the division. “We already handle 80 percent of mail for bigcorporatee customers, taking it out of the mail stream and sending it electronically,” Stroelin “What we can’t do for the moment is handld personalized mail.
With Earth Class we can closethe circle.” Neither Stroelin nor Ron CEO and founder of Earth Classd Mail, would say how much revenuew the Seattle company might realize from the But it’s clear it has the potential to vastlyg boost Earth Class Mail’s revenue. The company is paid a royalty on every piece of mail and for each user of the Its current customers include Fortune 500 companiezsthat haven’t yet been announced publicly, Wiener said.
About half of Eartyh Class Mail’s 108 employees are located in Beaverton, whered the company has its softwars development team and a mail sorting Fifteen are employed atthe company’s Seattle with 15 at a sorting operation in Others are located in Virginia, New Seattle and Los Angeles. Earth Class Mail recently raise $5.1 million in a convertible addingto $16.3 million already raised in equithy and debt financing. The company is now raising a Series Binvestmenr round, Wiener said. He hopess to close on $15 million to $30 including the most recent $5.1 milliojn in convertible debt.
a Seattle-based company with roots in has signed a letter of intenywith , the national mail carrier for Swiss Post will license Earth Clasz Mail’s technology for converting papeer mail into digital files that customers can view and manag e in a secure Web-basefd account. The Document Solutions division of Swissx Post will launcha nine-month pilot program in Switzerland, France, Austria and Italy starting in said Benoit Stroelin, who heads the division. “We already handle 80 percent of mail for bigcorporatee customers, taking it out of the mail stream and sending it electronically,” Stroelin “What we can’t do for the moment is handld personalized mail.
With Earth Class we can closethe circle.” Neither Stroelin nor Ron CEO and founder of Earth Classd Mail, would say how much revenuew the Seattle company might realize from the But it’s clear it has the potential to vastlyg boost Earth Class Mail’s revenue. The company is paid a royalty on every piece of mail and for each user of the Its current customers include Fortune 500 companiezsthat haven’t yet been announced publicly, Wiener said.
About half of Eartyh Class Mail’s 108 employees are located in Beaverton, whered the company has its softwars development team and a mail sorting Fifteen are employed atthe company’s Seattle with 15 at a sorting operation in Others are located in Virginia, New Seattle and Los Angeles. Earth Class Mail recently raise $5.1 million in a convertible addingto $16.3 million already raised in equithy and debt financing. The company is now raising a Series Binvestmenr round, Wiener said. He hopess to close on $15 million to $30 including the most recent $5.1 milliojn in convertible debt.
Thursday, November 17, 2011
Filene's landmark status on fast track - Boston Business Journal:
efimtsovavadan.blogspot.com
A petition first submitted in 1986 movef swiftly to the top of the pile at the Landmarka Commission since a sale agreement of the site at Summe and Washington streets byseemede near. Last month, a pair of New York investorse confirmed they were in negotiations with Federatex to buythe Filene's site for as much as $150 Those talks have since quieted, with sourcess unsure whether the pair -- Alex Adjmo and Robert Cayre -- are stilkl in the lead to buy the since Federated has been unresponsive. A person with knowledgde of the negotiations said Federatedsis "swamped" with the closint or conversion of 79 stores nationwide.
As of this a deal had not been negotiated, but the pair remainsd interested in buying the according to a source closre tothe deal. In the the Commission is working on a report that will triggerthe landmark-designatiomn process and will detail the original Filene'a building's architectural and cultural merit, said Susan president of the , which submitterd the original petition under then-Executive Director Antonia Pollak. Landmarik status could add a new layer of bureaucracty to the permitting and development process in whicbh the Landmarks Commission would have to review potentialp changes to the building exterior before a permiyt could be issuedfor work.
The review powersd would apply to any work on the facadw of the building and generally would not includde changes to the interior ofthe building. The New York investors have told the Bostomn Business Journal they have talked to abourt opening a Target store inthe building. The site coulxd also be the future home of a residential units andother high-end retail shops. The commissio does not regulatethe use. "The best way to preservde a building is use said Pollak, who is now commissioner of the Boston Parkxs and Recreation Department. "I thinjk this building lends itself well toadaptivse reuse. I suspect theres will be a way tofind (a use) for some or all of thesre buildings.
" Pollak said she's in favor of a combination of uses at the site, but said anythiny that adds to the vibrancy of Downtown Crossing wouldx be beneficial. The Filene's building is located withinb an area called the midtowcultural district, which is zoned for retail, hotel, commerciak and residential uses. The area has emerged as a residentiao neighborhood as surrounding buildings are convertedf intoresidential uses. The growing presencd of residential units in Downtown Crossinh and nearby neighborhoods may also have an impacft on development atthe site.
Residents, business ownere and advocates are paying close attention to the A four-year resident of Washingtom Street and a member of the , Mary Ann said she'd welcome a mix of uses and maybe even a grocerty store. Development of the site is furthedr complicated by the factthat , owned separately by , will stay in the buildingy on a long-term lease. Filene's Basement occupies two floors of spacde that underlies allfour buildings. Filene's, previousl owned by May DepartmengStores Co., has begun clearance sales to prepare the storee for closure.
The site is one of nearlyg 80 stores nationally that are closing as a resul of the merger betweejn Mayand Federated, which owns Macy's and Bloomingdale's. Already listed on the National Registry ofHistoric Places, the main building was buil in 1912. While the 1986 petition was for theentird site, consisting of four interconnected buildings on a full city Park said the preservation group is less concerned with two of the threwe adjacent buildings -- which were built in the 1950s and 1970d behind the original store -- that are includedx in the petition.
The fourth building on the site, at the corne r of Franklin andHawley streets, was built in 1905 and shouldr also be considered for landmark Park said. The landmarks commission ultimately will decide if any, of the four buildings could be designated as The commission's report will be made public on Marchb 21, and a public hearinbg on the landmark designation will be held on Aprik 11, said Ellen executive director of the commission. The commission, city counciol and mayor must all approve designationb for the building to achieve officiallandmarl status.
Approval could come as early asthis
A petition first submitted in 1986 movef swiftly to the top of the pile at the Landmarka Commission since a sale agreement of the site at Summe and Washington streets byseemede near. Last month, a pair of New York investorse confirmed they were in negotiations with Federatex to buythe Filene's site for as much as $150 Those talks have since quieted, with sourcess unsure whether the pair -- Alex Adjmo and Robert Cayre -- are stilkl in the lead to buy the since Federated has been unresponsive. A person with knowledgde of the negotiations said Federatedsis "swamped" with the closint or conversion of 79 stores nationwide.
As of this a deal had not been negotiated, but the pair remainsd interested in buying the according to a source closre tothe deal. In the the Commission is working on a report that will triggerthe landmark-designatiomn process and will detail the original Filene'a building's architectural and cultural merit, said Susan president of the , which submitterd the original petition under then-Executive Director Antonia Pollak. Landmarik status could add a new layer of bureaucracty to the permitting and development process in whicbh the Landmarks Commission would have to review potentialp changes to the building exterior before a permiyt could be issuedfor work.
The review powersd would apply to any work on the facadw of the building and generally would not includde changes to the interior ofthe building. The New York investors have told the Bostomn Business Journal they have talked to abourt opening a Target store inthe building. The site coulxd also be the future home of a residential units andother high-end retail shops. The commissio does not regulatethe use. "The best way to preservde a building is use said Pollak, who is now commissioner of the Boston Parkxs and Recreation Department. "I thinjk this building lends itself well toadaptivse reuse. I suspect theres will be a way tofind (a use) for some or all of thesre buildings.
" Pollak said she's in favor of a combination of uses at the site, but said anythiny that adds to the vibrancy of Downtown Crossing wouldx be beneficial. The Filene's building is located withinb an area called the midtowcultural district, which is zoned for retail, hotel, commerciak and residential uses. The area has emerged as a residentiao neighborhood as surrounding buildings are convertedf intoresidential uses. The growing presencd of residential units in Downtown Crossinh and nearby neighborhoods may also have an impacft on development atthe site.
Residents, business ownere and advocates are paying close attention to the A four-year resident of Washingtom Street and a member of the , Mary Ann said she'd welcome a mix of uses and maybe even a grocerty store. Development of the site is furthedr complicated by the factthat , owned separately by , will stay in the buildingy on a long-term lease. Filene's Basement occupies two floors of spacde that underlies allfour buildings. Filene's, previousl owned by May DepartmengStores Co., has begun clearance sales to prepare the storee for closure.
The site is one of nearlyg 80 stores nationally that are closing as a resul of the merger betweejn Mayand Federated, which owns Macy's and Bloomingdale's. Already listed on the National Registry ofHistoric Places, the main building was buil in 1912. While the 1986 petition was for theentird site, consisting of four interconnected buildings on a full city Park said the preservation group is less concerned with two of the threwe adjacent buildings -- which were built in the 1950s and 1970d behind the original store -- that are includedx in the petition.
The fourth building on the site, at the corne r of Franklin andHawley streets, was built in 1905 and shouldr also be considered for landmark Park said. The landmarks commission ultimately will decide if any, of the four buildings could be designated as The commission's report will be made public on Marchb 21, and a public hearinbg on the landmark designation will be held on Aprik 11, said Ellen executive director of the commission. The commission, city counciol and mayor must all approve designationb for the building to achieve officiallandmarl status.
Approval could come as early asthis
Tuesday, November 15, 2011
State worker files ethics complaint against Fla. CFO Sink - South Florida Business Journal:
sucujovide.wordpress.com
In April, her office announced that statwe travel logs chronicling the flightse of state employees on state planes would be postesd on line by the Florida Department ofManagemenyt Services. On Monday, a state employees filed an ethics complaintagainst Florida’a Chief Financial officer alleging that she misusedd the state plane. Jose Blas Lorenzo Jr., an attorneyy who works for the Departmen tof Education, filed the complaint. He said he was by some of the information he has read in news articlesaboutf Sink’s use of the pland and did some research of his own.
He figurea that since announcing her plans to runfor governor, Sink has rackes up $11,000 in plane travel that's unrelated to her official “I am just concerned, very concerned,” Lorenzo said. “I live in the my children grewup here, I pay my I work for the state, what example is she setting?” he asked. In his Lorenzo claims that on at leastone occasion, Sink flew on the state plane on the first leg of a flighyt with a destination for a vacatiob in the Bahamas. He said that on otherd occasions Sink has used the planes to drop offher husband, Bill or pick up her son. Sink, a is running for governor.
Calls to her officer for comment were not immediately returned. However, according to publishes reports, she has ordered her office to conduc a review of herplanr use. Attorney General Bill McCollum, who is a Republicanm candidatefor governor, was also subject of the joint storiea by the St. Petersburg Times and Miami Herald for travel to his home inCentral “McCollum has spent several personapl days campaigning and not used a statee plane, that’s indicative of something,” Lorenzi said. A check of campaig contributions found that Lorenzo supported Charlie Crisrt in his run for donating $200 in 2006 and $150 in 2005.
In April, her office announced that statwe travel logs chronicling the flightse of state employees on state planes would be postesd on line by the Florida Department ofManagemenyt Services. On Monday, a state employees filed an ethics complaintagainst Florida’a Chief Financial officer alleging that she misusedd the state plane. Jose Blas Lorenzo Jr., an attorneyy who works for the Departmen tof Education, filed the complaint. He said he was by some of the information he has read in news articlesaboutf Sink’s use of the pland and did some research of his own.
He figurea that since announcing her plans to runfor governor, Sink has rackes up $11,000 in plane travel that's unrelated to her official “I am just concerned, very concerned,” Lorenzo said. “I live in the my children grewup here, I pay my I work for the state, what example is she setting?” he asked. In his Lorenzo claims that on at leastone occasion, Sink flew on the state plane on the first leg of a flighyt with a destination for a vacatiob in the Bahamas. He said that on otherd occasions Sink has used the planes to drop offher husband, Bill or pick up her son. Sink, a is running for governor.
Calls to her officer for comment were not immediately returned. However, according to publishes reports, she has ordered her office to conduc a review of herplanr use. Attorney General Bill McCollum, who is a Republicanm candidatefor governor, was also subject of the joint storiea by the St. Petersburg Times and Miami Herald for travel to his home inCentral “McCollum has spent several personapl days campaigning and not used a statee plane, that’s indicative of something,” Lorenzi said. A check of campaig contributions found that Lorenzo supported Charlie Crisrt in his run for donating $200 in 2006 and $150 in 2005.
Sunday, November 13, 2011
Flat market for new lawyers - Philadelphia Business Journal:
utyziluz.wordpress.com
The 22 participating firms hired a combinedx182 first-year associates in their Philadelphiw offices, compared with 185 last Only seven of thos e firms hired more lawyers than last The average salary increased slightlty from $132,300 last year to $136,50o0 in this year, with only eight firmws bumping up their starting wage. But those firmxs were merely catching up withthe already-established going rate of $145,0000 for the largest firms and $135,000 for most The salary bar was not raise d above the $145,000 established last as firms deal with less work in certain practice areaxs and clients unwilling to pay highef billing rates.
and hired the most locak first-year associates, with 21 each, followed by Blankk Rome with 20, with 19 and with 15. Thoss five firms combined to consume 53 percentof first-yearxs hired among participants; no other firm surveyed had more than 10 first-years. The survey includeds responses from virtually the entire contingenytof full-service Philadelphia law firms. Dechert, the city’s largest firm, declined to participater as didand .
Firms made hirinvg decisions about this crop of firstr year associateslast fall, as the mortgage crisis was beginning to take Much has changed with the economty since that time, and some careed planning professionals at local law schools have remindedr students that they are entering the profession during a difficult economidc time. Elaine Petrossian, Villanovaa University School of Law’s assistant dean for career strategyand advancement, said that despitre the downturn, the Philadelphia market hasn’t experienced majo upheavals. But she still advises graduates to keep an open mind as they startgtheir careers.
“Students know M&q is more competitive so they need to be flexiblr with theiroriginal plan,” Petrossian “They always have to make a good impression but especiallyt during times like these.” Most Philadelphiaa law firms have not been forced to lay off associatesa because of problems in the housing and credit markete like their New York counterparts. One of New York’ws largest firms, , laid off 96 lawyersx on July 31 becausee of continued slowness in real estate finance and the firm’s core practices. It was the secondr round of layoffs for the which slashed 35 lawyerxin January.
New York’s also has had a large number of AmongPhiladelphia firms, only Dechert has a significant real estatew finance practice. In March, the firm notified 13 associates in its real estatwe finance practicethat “due to the major shift in market conditions” there is “no demand for them in that groupl in the foreseeable future,” although it offered the lawyers work in other areas. Rebeka h Verona, director of career planning at , said she makea students aware they were hired in a time of growt h but are starting their jobs duringa slowdown.
“We walk a fine line with educatiny them about the market but not fillinf their heads with things that are going to creatrunnecessary anxiety,” Verona said. “Wed deal with it on a case-by-cased basis because certain practices are going to feel the pinchh morethan others.” Michaepl Epstein, hiring partner at , said his firm usually has summer classes of betweenh five to seven studentw and makes offers to most all of them. “Wed keep that at a modest numbed and try to attract lateral candidates that are two to threwe years out of law Epstein said.
“So if we need to get there’s a pool of [younger] lawyers with practical The five local law schools accounted for 65 percent of all thesumme associates, who came from a combined 37 law Temple University’s Beasley School of Law generated the largest contingen with 37 recent graduatews at 18 firms, followed by Villanova’s law school with 30 recengt graduates at 15 firms. Rutgers University-Camden, which has gradually increases the number of graduates workingv at Philadelphia firms over thepast decade, was tied for thirde with Law School with 22 students each. Sevenm of Penn’s graduates took positions at Morgaj Lewis.
Rutgers’ students were spread over 15 Widener University School of Law has seven recengt graduates working at theparticipating firms. Among law school s outside the region, University of Virginiq has the largest presence at locaol firms with sevenrecent graduates. Morgan Lewiw and Pepper Hamilton, which have traditionally stronhg relations withthe school, accounted for five of Law firms are now focusesd on recruiting summer interns for 2009 and extendinvg offers to their most recent summe r interns for full-time employment next summer. Veronaq said given the state of the she wouldn’t be surprised to see smaller summer classes and possibly smaller first-year classes.
Pepper Hamilton hiring partnedr Chris Wasson said becaus firms hire law studentz for summer internships two years before they woulds be hiredfor full-time work, it is hard to scientificallyh factor the economy into those “[The economy] could have an impact becausw you are living through it right now even thoughh you are recruiting for two yeard down the road,” Wasson said. “So it’s hard to distancer yourself from it.
”
The 22 participating firms hired a combinedx182 first-year associates in their Philadelphiw offices, compared with 185 last Only seven of thos e firms hired more lawyers than last The average salary increased slightlty from $132,300 last year to $136,50o0 in this year, with only eight firmws bumping up their starting wage. But those firmxs were merely catching up withthe already-established going rate of $145,0000 for the largest firms and $135,000 for most The salary bar was not raise d above the $145,000 established last as firms deal with less work in certain practice areaxs and clients unwilling to pay highef billing rates.
and hired the most locak first-year associates, with 21 each, followed by Blankk Rome with 20, with 19 and with 15. Thoss five firms combined to consume 53 percentof first-yearxs hired among participants; no other firm surveyed had more than 10 first-years. The survey includeds responses from virtually the entire contingenytof full-service Philadelphia law firms. Dechert, the city’s largest firm, declined to participater as didand .
Firms made hirinvg decisions about this crop of firstr year associateslast fall, as the mortgage crisis was beginning to take Much has changed with the economty since that time, and some careed planning professionals at local law schools have remindedr students that they are entering the profession during a difficult economidc time. Elaine Petrossian, Villanovaa University School of Law’s assistant dean for career strategyand advancement, said that despitre the downturn, the Philadelphia market hasn’t experienced majo upheavals. But she still advises graduates to keep an open mind as they startgtheir careers.
“Students know M&q is more competitive so they need to be flexiblr with theiroriginal plan,” Petrossian “They always have to make a good impression but especiallyt during times like these.” Most Philadelphiaa law firms have not been forced to lay off associatesa because of problems in the housing and credit markete like their New York counterparts. One of New York’ws largest firms, , laid off 96 lawyersx on July 31 becausee of continued slowness in real estate finance and the firm’s core practices. It was the secondr round of layoffs for the which slashed 35 lawyerxin January.
New York’s also has had a large number of AmongPhiladelphia firms, only Dechert has a significant real estatew finance practice. In March, the firm notified 13 associates in its real estatwe finance practicethat “due to the major shift in market conditions” there is “no demand for them in that groupl in the foreseeable future,” although it offered the lawyers work in other areas. Rebeka h Verona, director of career planning at , said she makea students aware they were hired in a time of growt h but are starting their jobs duringa slowdown.
“We walk a fine line with educatiny them about the market but not fillinf their heads with things that are going to creatrunnecessary anxiety,” Verona said. “Wed deal with it on a case-by-cased basis because certain practices are going to feel the pinchh morethan others.” Michaepl Epstein, hiring partner at , said his firm usually has summer classes of betweenh five to seven studentw and makes offers to most all of them. “Wed keep that at a modest numbed and try to attract lateral candidates that are two to threwe years out of law Epstein said.
“So if we need to get there’s a pool of [younger] lawyers with practical The five local law schools accounted for 65 percent of all thesumme associates, who came from a combined 37 law Temple University’s Beasley School of Law generated the largest contingen with 37 recent graduatews at 18 firms, followed by Villanova’s law school with 30 recengt graduates at 15 firms. Rutgers University-Camden, which has gradually increases the number of graduates workingv at Philadelphia firms over thepast decade, was tied for thirde with Law School with 22 students each. Sevenm of Penn’s graduates took positions at Morgaj Lewis.
Rutgers’ students were spread over 15 Widener University School of Law has seven recengt graduates working at theparticipating firms. Among law school s outside the region, University of Virginiq has the largest presence at locaol firms with sevenrecent graduates. Morgan Lewiw and Pepper Hamilton, which have traditionally stronhg relations withthe school, accounted for five of Law firms are now focusesd on recruiting summer interns for 2009 and extendinvg offers to their most recent summe r interns for full-time employment next summer. Veronaq said given the state of the she wouldn’t be surprised to see smaller summer classes and possibly smaller first-year classes.
Pepper Hamilton hiring partnedr Chris Wasson said becaus firms hire law studentz for summer internships two years before they woulds be hiredfor full-time work, it is hard to scientificallyh factor the economy into those “[The economy] could have an impact becausw you are living through it right now even thoughh you are recruiting for two yeard down the road,” Wasson said. “So it’s hard to distancer yourself from it.
”
Friday, November 11, 2011
TXCO files for Chapter 11 bankruptcy protection - San Antonio Business Journal:
zemlyanikiyri.blogspot.com
Attorneys for San Antonio-based TXCO (NASDAQ: also filed a motion with the Bankruptcy Courrt seeking approval foranticipated debtor-in-possession financing with prospective lenders. TXCO is currently in negotiationswith Ltd. and potentially others for a multiple draw-term loan facility with a totakl aggregate principal amountof $32 million. The debtor-in-possessiob financing would allow TXCO to conducyt businesswithout interruption. TXCO is working to minimizes the impact of the bankruptchy filing onits operations, customersx and employees. However, the bankruptcy court will have to approv e anyfinancing arrangement. U.S. Bankruptcy Judgse Ronald B.
King is handling the case at theWesterbn District’s office in San Antonio. TXCO officials say the bankruptcy filint was precipitated by a series of events that severel impactedthe company’s liquidity. Particularly, extreme volatilith in energy prices and a crumblinv global economy have made it difficult for TXCO to raised equity capitalor debt, according to a statement released by the According to the bankruptcy filing, TXCO has assetd of $431.9 million and total debts of $322.8 million. The companyh also has more than 38 million share of commonstock TXCO’s largest shareholder is , a company based in Heartland owns 9.
1 percent of the company’x total stock, according to TXCO’ bankruptcy petition. The company’a top five largest unsecured creditors, the bankruptcy petitionb shows, are Houston-based ($8 million); in Uvalde ($5.e million); Dallas-based ($5.1 million); in Dalla ($4.2 million); and in Houstonm ($2.9 million). The company also has retained Albergt S. Conly of to servw as the chief restructuring officer to assisgt TXCO in the Chapter11 reorganization. LLC has been retainef as financial advisers andinvestment banker. Goldman, Sachs & Co. has been hirer as a financial adviser in connection with any potential sale of assets proposed undefr thisbankruptcy filing.
TXCO is representee locally by bankruptcy attorneysDeborah D. Williamso n and Lindsey D. Graham with TXCO is an independen oil and gas company with interests in theMaverick Basin, the onshoree Gulf Coast region and the Marfw Basin of Texas and western Oklahoma. www.txco.comm
Attorneys for San Antonio-based TXCO (NASDAQ: also filed a motion with the Bankruptcy Courrt seeking approval foranticipated debtor-in-possession financing with prospective lenders. TXCO is currently in negotiationswith Ltd. and potentially others for a multiple draw-term loan facility with a totakl aggregate principal amountof $32 million. The debtor-in-possessiob financing would allow TXCO to conducyt businesswithout interruption. TXCO is working to minimizes the impact of the bankruptchy filing onits operations, customersx and employees. However, the bankruptcy court will have to approv e anyfinancing arrangement. U.S. Bankruptcy Judgse Ronald B.
King is handling the case at theWesterbn District’s office in San Antonio. TXCO officials say the bankruptcy filint was precipitated by a series of events that severel impactedthe company’s liquidity. Particularly, extreme volatilith in energy prices and a crumblinv global economy have made it difficult for TXCO to raised equity capitalor debt, according to a statement released by the According to the bankruptcy filing, TXCO has assetd of $431.9 million and total debts of $322.8 million. The companyh also has more than 38 million share of commonstock TXCO’s largest shareholder is , a company based in Heartland owns 9.
1 percent of the company’x total stock, according to TXCO’ bankruptcy petition. The company’a top five largest unsecured creditors, the bankruptcy petitionb shows, are Houston-based ($8 million); in Uvalde ($5.e million); Dallas-based ($5.1 million); in Dalla ($4.2 million); and in Houstonm ($2.9 million). The company also has retained Albergt S. Conly of to servw as the chief restructuring officer to assisgt TXCO in the Chapter11 reorganization. LLC has been retainef as financial advisers andinvestment banker. Goldman, Sachs & Co. has been hirer as a financial adviser in connection with any potential sale of assets proposed undefr thisbankruptcy filing.
TXCO is representee locally by bankruptcy attorneysDeborah D. Williamso n and Lindsey D. Graham with TXCO is an independen oil and gas company with interests in theMaverick Basin, the onshoree Gulf Coast region and the Marfw Basin of Texas and western Oklahoma. www.txco.comm
Wednesday, November 9, 2011
Mick McCarthy receives apology over Antolin Alcaraz spitting incident - The Guardian
lebexab.wordpress.com
The Guardian | Mick McCarthy receives apology over Antolin Alcaraz spitting incident The Guardian The Wigan manager Roberto MartÃnez has apologised to his Wolves counterpart Mick McCarthy over the spitting incident which resulted in Antolin Alcaraz being suspended for three games. Alcaraz has accepted an FA misconduct charge after appearing to spit ... McCarthy: Wigan sorry for incident Martinez gives Alcaraz apology End of a lovers' tiff at Molineux? |
Sunday, November 6, 2011
IATA: Airlines to lose $9B in 2009 - Austin Business Journal:
mozybyd.wordpress.com
The ’s (IATA) new forecast is staggeringlty worse thanits $4.7 billion collective loss forecasg made just three months ago. The air carriee trade group also downgraded its loss estimate for 2008to $10.44 billion from $8.5 billion. “There is no modern precedenyt for today’s economic IATA Director General and CEO Giovannio Bisignani said in anews “The ground has shifted. Our industry has been This is the most difficult situation that the industrythas faced.” After the Sept.
11, 2001, terror attackzs on the United States, industry revenueds fell by 7 percent, Bisignani said, and took three year to reboundto pre-9/11 Revenues will fall to $448 billion in 2009 from $528 billion in 2008 (15 percent), IATA Passenger yields will dip 7 percent. “This time we face a 15 percentt drop—a loss of revenues of $80 billion—in the middlre of a global recession,” Bisignani said during IATA’e annual industry summit. “Oure future depends on a drastic reshapingby partners, governments and We cannot bear the cost of government crazy taxation and partners abusing theie monopoly power.
” North American carriers will generallyt fair better than foreign carriers, IATA said, and shoulf narrow their losses for the North American airlines will lose $1 billion in dramatically less than the $5.1 billionb lost in 2008, as out-of-the-mone y fuel hedges lapse and capacitg cuts kick in to rightg capacity with demand. Previously, IATA said North American carrierzs would turn a modest profit forthe year. Asia-Pacific and Europeanj carriers are likely to take thebiggestg hits, losing $3.3 billion and $1.8 billion, Another heavily impacted air cargo, will decline by 17 percent based on tons Cargo yields will decline 11 percent.
Relaxed fuel prices over the firsft five months of 2009 havehelped carriers, but prices have begun to climb in recent weeks. IATA projectsa the industry fuel bill to fallfrom $165 billiob in 2008 to $59 billion in on a $56 per barrelk average price of oil. “The risk that we have seen in recentt weeks is that even the slightestf glimmer of economic hope sende oilprices higher,” Bisignani said. "Greedy speculation must not hold the globaleconomyy hostage. Failure to act by governments woulrbe irresponsible.
” Globally, airlines are in a better cash position, with more liquidity than in past But, Bisignani warned “a long L-shaped recovery couldd drain the industry of cash.” Bisignanji noted industry consolidation, such as the mergert between Atlanta-based (NYSE: DAL) and , that have made some players stronger. But he railed against what he called “archaic limitations on that prevent the merginv of carriers fromdifferent countries.
The ’s (IATA) new forecast is staggeringlty worse thanits $4.7 billion collective loss forecasg made just three months ago. The air carriee trade group also downgraded its loss estimate for 2008to $10.44 billion from $8.5 billion. “There is no modern precedenyt for today’s economic IATA Director General and CEO Giovannio Bisignani said in anews “The ground has shifted. Our industry has been This is the most difficult situation that the industrythas faced.” After the Sept.
11, 2001, terror attackzs on the United States, industry revenueds fell by 7 percent, Bisignani said, and took three year to reboundto pre-9/11 Revenues will fall to $448 billion in 2009 from $528 billion in 2008 (15 percent), IATA Passenger yields will dip 7 percent. “This time we face a 15 percentt drop—a loss of revenues of $80 billion—in the middlre of a global recession,” Bisignani said during IATA’e annual industry summit. “Oure future depends on a drastic reshapingby partners, governments and We cannot bear the cost of government crazy taxation and partners abusing theie monopoly power.
” North American carriers will generallyt fair better than foreign carriers, IATA said, and shoulf narrow their losses for the North American airlines will lose $1 billion in dramatically less than the $5.1 billionb lost in 2008, as out-of-the-mone y fuel hedges lapse and capacitg cuts kick in to rightg capacity with demand. Previously, IATA said North American carrierzs would turn a modest profit forthe year. Asia-Pacific and Europeanj carriers are likely to take thebiggestg hits, losing $3.3 billion and $1.8 billion, Another heavily impacted air cargo, will decline by 17 percent based on tons Cargo yields will decline 11 percent.
Relaxed fuel prices over the firsft five months of 2009 havehelped carriers, but prices have begun to climb in recent weeks. IATA projectsa the industry fuel bill to fallfrom $165 billiob in 2008 to $59 billion in on a $56 per barrelk average price of oil. “The risk that we have seen in recentt weeks is that even the slightestf glimmer of economic hope sende oilprices higher,” Bisignani said. "Greedy speculation must not hold the globaleconomyy hostage. Failure to act by governments woulrbe irresponsible.
” Globally, airlines are in a better cash position, with more liquidity than in past But, Bisignani warned “a long L-shaped recovery couldd drain the industry of cash.” Bisignanji noted industry consolidation, such as the mergert between Atlanta-based (NYSE: DAL) and , that have made some players stronger. But he railed against what he called “archaic limitations on that prevent the merginv of carriers fromdifferent countries.
Friday, November 4, 2011
Emotional Sensitivity May Be Influenced by High Blood Pressure - PsychCentral.com
mcfarlainofuqub1258.blogspot.com
Emotional Sensitivity May Be Influenced by High Blood Pressure PsychCentral.com According to a new research paper, a person's ability to recognize emotional content in faces and texts may be linked to their blood pressure. The recently published study by psychologist Dr. James A. McCubbin, ... |
Wednesday, November 2, 2011
U.S. Military Robot Tests Chemical Warfare Gear - InformationWeek
fixyruw.wordpress.com
Daily Mail | U.S. Military Robot Tests Chemical Warfare Gear InformationWeek Protection Ensemble Test Mannequin (PETMAN), developed by Boston Dynamics, is soldier-size and moves with similar agility to humans. By Elizabeth Montalbano InformationWeek A Boston company has developed a human-size robot the military plans to use to ... Headless, Hum anoid Robot Preps for Army Duty Robot created to test chemical weapons gear New Robot from 'BigDog' Makers Moves Eerily Like a Human |
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