Death notices for Escambia and Santa Rosa counties.- 6:35 pm - Pensacola News Journal

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Death notices for Escambia and Santa Rosa counties.- 6:35 pm Pensacola News Journal NTHS officers inducted were Victoria Leonard, president; Katherine Zahnd, vice president; Tourwanna Hampton, secretary; and Acasia Hardwick, treasurer. Students inducted into the chapter are Gregory Bradley, Victoria Burden, Michael Doorbal, Diana ...

Executive Profile - Portland Business Journal:

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Title: Principal broker, vice president: of counsel, senior propertyh manager. Organization: Elliott Associates Inc. Description of organization: Ellioty Associates Inc. has been serving real estatew owners and investors for more than 30 years from its headquarterszin Portland. It offerw a full range of serviceas including commercialproperty management, asset management and sales and The company manages approximately 87 properties, totalinh in excess of 4 milliojn square feet of retail real estate. Professional I have spent a lifetime in the real estatedmanagement field.
I received my real estate license longer ago then I wouldd like to remember and manageed the very first shopping centerin Portland. Over the coursre of my career, I have managedr more than 40 shopping centers, many duringt the last 27 years withElliottr Associates. Education: Business administration at PortlandeCommunity College. I have continued to develop my skillsa through professional organizations such as Internationa l Certified Shopping Centers and the BuildinfgOwners & Managers Association. Portland. Essential business philosophy: Learn the trade. Be fair, consideratee and honest in all your interactionse in thebusiness world. Respect is earned and will takeyou far.
Best way to keep Keep up on what is happening in thetradse industry. Attend conferences, conventions and tradre shows. Read literature, newspapers, trade magazines and Interneyt articles. Knowledge is power and it’ss important to know what your competitors areup to. Guidingy principle: Honesty. Always continue learning and do the best job that youcan do. Yardsticlk of success: When I made the decision to becomew a certified shopping centeer manager nearly all managerswere men. I was the firsy woman west of the Mississippi and the fifth womaj nationally to earnthe designation. That openeed many doors for me. Best business Choosing to associate myself with the shoppingbcenter industry.
Being one of the first women in the field definedmy experience. Worst business decision: before the econom tanked. Mentors: A number of memberse of the International Certified Shopping Centerd encouraged me to keep tryinb andkeep competing. Those people became lifelonb friends and helped shapemy career. The word that best describew you: Workaholic. Like best about the job: At Elliotft Associates, I have great employers and greagt coworkers. Each day there is somethinvg new and interesting happening and we all have something uniquse to bring tothe table. Like least about the job: In this fielf you have to be able to juggle a lotat once.
I have to focuas on staying organized and Imisplacre things. Pet peeves: I hate when people promise to take care of problem sbut don’t follow through. Most important lesson Listening. Greatest passions: grandchildren. Favorite “Whatever will be, will Most influential book: “The Powerf of Positive Thinking,” by Norman Vincent Peald and “How to Win Friends and Influence People,” by Dale Both books were hugely The principles still apply in mydaily life. They helpecd me overcome some difficulties in my careefr and kept meon track.
I also read a lot of self-helpp books and articles to help give me Favorite cause: Having survived cancer in 2005, I’m drawn to contributinfg to cancer causes. Favorite movie: “The Soundx of Music.” I love Favorite musician: Good country-westernj musicians. Most treasured possession: My home near the Willamettre River. It’s refreshing to go home in the evenintg and watch theriver traffic. Favorite Country Kitchen. Favorite vacation spots: Hawaii. Favorite way to spend free Reading and listening to political commentatorson television.

Opus Northwest siblings file for bankruptcy - Denver Business Journal:

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The former will seek to liquidate under Chaptee 7of U.S. Bankruptcy Code and the lattef intends to reorganizer underChaptetr 11. These bankruptcies come on the heele of the April 22 bankruptcyof , an Opus affiliate baserd in Atlanta. Minneapolis-based Opus has said it plans to wind down its operationws in that part of the countrgas well. Just two of five Opus subsidiariesremainb healthy, west LLC, which is an active developerd in Portland, and Opus North LLC, which is based in Chicago. Opus Northwest’sz recent developments in Portlandf include the successful Bridgeport Villagre shopping centerin Tualatin. At one Opus was the ’s top choics to redevelop the Burnside Bridghead.
In recent years, the company has concentrated onresidentiap projects. It recently completed construction of two large apartmenft projects with a total construction budgertof $150 million. Ladd Tower is a 332-unit projec in downtown Portland and Park 19 isa 101-uni project in Northwest Portland. "We have have a healthy balance saidBrian Owendoff, vice president and managef for Opus Northwest's Portland operations. Opus East, based in Md., filed a petition to liquidatd its portfolio underChapter 7. In its filing in U.S.
Bankruptcy Court for the District of Opus East said it has between 200 and 999 It listed assetsbetween $50 million and $100 millionj and liabilities between $100 million and $500 million. It did not identift creditors. Opus West, based in anticipates filing a voluntar petition of Chapter 11 bankruptcyt protection inearly “Declining real estate values and tight credig markets continue to impede the refinancing of assetsx and restructuring of lending said Opus CEO Mark Rauenhorst in a “We regret that this action has proven to be necessar despite the efforts of so A court-supervised process and transfee of distressed assets will assist Opus in reorganizing and focus on the Opus East has developed more than 13.
3 million square feet of space since 1994. Opus West has developed more than 52.7 millionj square feet since 1979. The company said Opus North and Opus Northwestg have been less affected bythe recession, due to theidr mix of project types, healthty balance sheets and stronger markets. Opus said its developmen activity has fallen tojust 4.8 millio n square feet in 2009, down from 34 million squares feet in 2007 and 35 millionb square feet in 2008.

Canaan eyes big targets with $650M fund - Silicon Valley / San Jose Business Journal:

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"You might see as much as 25 perceny of this fund going tointernationall [investments]," Kamra says. Menlo Park-based has appointexd immunology expert Richard Ulevitcn toventure partner. Ulevitch is the former chair of the Departmeny of Immunology at The Scrippx Research Institute in Ohio and now thechair emeritus, and has also consultedd for 5AM Ventures as chairman of their Scientific Advisory Board. 5AM is a life sciences venturee capital firm specializing in seedand early-stagee investments. Ulevitch hasn't been involved in drug discoverty but in National Institutesof Health-sponsored research that helpec translate new ideas from academiaq into drug discovery.
5AM also promoted to principalp two ofthe firm's senio associates, Kevin Forrest and Andrew McMillan. Both joined 5AM in 2005, Forrest from Princeton University and McMillan from NASA Ames Researcbh Center where he was aprincipak investigator. Frank J. most recently a professor of accountinf and finance at San JoseStats University, has been appointed chairman of the investmenty committee of San Rafael-based . Jones was a foundinf board member of the International Securities the first electronicoptions exchange, and was a senior vice presiden at the New York Stoci Exchange where he initiated the NYSE stock optiona program. He also managed a $29 billionh portfolio for Guardian Insurance.
Jones says he'f wanted to become a financiaoadvisor and, when he met Salienf president and CEO Richard Stone, he knew he wantec to get involved. "While I thoroughlyt enjoy my timein academia," says Jones, " find the intricacies of the current global economic environmentg an area where my experience and expertis can be of significant value to high net worthj investors."

Gates Foundation, MDC give $1M grant - Boston Business Journal:

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Valencia will get $743,000 over three years to createe a centralizedremedial program, used across four campuses. It plans to align high school, remedial and college-level standards, expand its remedial learniny communities, and embed reading skills into remediaklmath courses. The grants, announced June 22, will supportt remedial programs developed by Valencia through Achievinythe Dream: Community Colleges Count, a multiyear national initiativer aimed at increasing college graduation rates among disadvantagef students. The state will get also get $300,000 over threr years to collaboratewith K-12 to reduce the need for remediakl education.
Connecticut, Ohio, Texas and Virginia also got the funding, which will be used to develo p new policies acceleratingthe states’ remediakl education programs. The Florida grants are part ofa $16.45 million effort to improve remedial education at communityg colleges in five reaching about 45,000 students nationwide. Four states and 14 other colleges received similar Gates grants for their Achieving theDreamn program. Each community college will receive $743,000 over three years to expandxits programs. Lumina Foundation for Education has alsocommitteed $1.5 million to this initiative for evaluation and communications.
Abouyt 375,000 Florida degree-seeking students annually attend a localcmmunityu college, with nearly 40 percent of them takinfg remedial classes to build basic academic skills. National studies have shown nearlyy two-thirds of those taking remedial classe snever graduate, but successful programw at several colleges demonstrate these numbers can be improved.

LifeLock name to grace Phoenix Mercury jerseys - Phoenix Business Journal:

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The Mercury name, picturede front and center onthe uniform, will be replacedr with the LifeLock A small Mercury patch will be stitched on the uppedr left portion of the uniform, across from an Adidaa symbol on the right. A Monday press conference announcingthe three-year deal is schedulex for 1 p.m. in New York and will be attendexd by LifeLock CEOTodd Davis, Mercury Presiden t and CEO Jay Parry, Phoenix Suns CEO Rick Women’s National Basketball Association Commissioner Donna NBA Commissioner David Ster and Mercury stars Diana Taurasi and Cappie Mercury executives insist the landmark agreementt is not a sign of the times, but it’s no secref that nearly every professionalp sports franchise is dealing with revenue shortfallws as discretionary dollars dry up in the “It doesn’t have anything to do with currenyt economic situation and the WNBA didn’ft have to go there,” Welts However, the franchise likely did, as it strugglezs to gain profitability.
Welts said the Mercury turned a profit during its first few years in the but hasn’t been profitablre for a “long This deal certainly gets us closeer to that goal,” he said. The Suns own the Phoenix Mercury. WNBA Commissione Donna Orender refused to comment on whether the leagusis profitable, only sayingg “the league is very stable.” She said some of the 13 WNBA franchisese improved attendance and landed more sponsorships in 2008, whiled others did not. Average attendanc e at Mercury games wasaround 8,000 last year about 2,000 short of its goal to sell out the lowefr bowl of US Airways Center, which accommodates 10,000.
the team has experienced solidf year-over-year growth, and “this type of partnership allows us to acceleratesthat growth,” Parry said. The Mercury’s fan base is primaril composed of women very loyalp to the team andits sponsors, a dynamix LifeLock executives found not to mention an opportunitgy “to do something no one has ever said LifeLock CEO Todd Davis. “I love the idea of showing our supportfor women’s sports and our home town team,” he “I don’t think you could pull this off in any other pro For years, major league soccer playerws have donned sponsors on their jerseys, and fans haven’ repelled the image of the New York Red or the Herbalife logo on L.
A. Galaxy jerseya or “Volkswagen” plastered across the chest of DC United Invasive marketing also is common in where pro players are walking advertisements from andin NASCAR, where commercializationh revs up well before the startinh gate –– or the entrance for that “This is breaking a lot of new Welts said. “It will inevitablgy generate some controversy,” he added, but “that’ not going to come from fans and players of the Time will tell if the move is endorsed by and if jersey sales plummet with a companyu name as thedrawing point, not the “I think the jury is out in the shorf term,” Welts.
Last week, Taurasi held the second highestg selling jersey inthe league, with salexs up 25 percent from last year.

Insider report: Bruker cashes out Laukiens - Business First of Columbus:

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million by selling 2.1 millio shares of stock. It was the month’sa biggest payday among Massachusettsinsiders executives, directors and major shareholders — at localluy based publicly traded companies, according to tradinhg data provided by . But for Laukiej and some of his familyh members with close ties to the cash-out was just a small fraction of the hundredes of millions they have pocketedc over the past 18 months. In fact, five members of the Laukie family, including Bruker CEO Frank H. Laukien, received $624.6 million in cash and otherr compensation linkedto Bruker’z operations last year, according to Boston Business Journaol research and company regulatory filings.
Put differently, the group’ws take was equal to just over 60 percenftof Bruker’s $1.1 billionj in 2008 revenue. Nearlyh all of that payout — some $620 milliobn — stemmed from Bruker’s February 2008 acquisition of BrukerBiospinj Group, a developer of research tools and biotechnology equipmentf using magnetic resonance. The cash and stockl deal was essentially a cash out for five Laukien family members — Frank Laukien, Marc Laukien, Isolde Laukien-Kleinedr and Bruker directors Dirk Laukien and Joerg Laukiebn — who owned 100 percen of Bruker Biospin’s shares before the deal.
Frank, Joerg, Dirk and Marc Laukien are brothere orhalf brothers, while Isolde Laukien-Kleine is the mother of Marc and Dirk according to Bruker’s regulatory Bruker (Nasdaq: BRKR) completed a similar deal in June 2006 for life sciencew technology developer Bruker Optics for $135 million. As was the case for Brukeer Biospin, Bruker Optics was owned by the same five Laukienss prior tothe deal, according to regulatory Mass. insider sales topped $95 million While Marc Laukieb was Massachusetts’ biggest insider seller in May, his brothet Frank Laukien recordedthe month's biggest acquisition of insidet shares.
The elder Laukien bought 100,000 Bruke shares for $728,000 — representing roughly half of the state’se $1.46 million in insider purchases recorded for allof May. By insiders sold $95.9 million in sharews in Massachusetts-based companies during the same That total was nearly doublethe $49.w2 million in local sales recorded in The following is a breakdown of May’s insideer activity among Massachusetts-based companies. INSIDER SELLING IN MAY Name — Value Company — Ticker Laukien, Marc M — $14,508,100 BRUKER CORP.
— BRKR Ryan, Vincent J $11,076,073 — Silverstein, Barry $9,767,471 — Zarkin, Herbert J — $9,000,975 — Abele, John E $8,868,600 — Healey, Sean M $5,938,800 — Dalton, Nathaniepl — $4,141,821 — AFFILIATEx MANAGERS GROUP INC. — AMG Ayasli, Yalcim — $2,925,343 — HITTITE MICROWAVE CORP. — HITT Carpenter, Robert J — $2,574,191 — Boger, Joshuwa S — $2,563,664 — Anju — $2,008,095 — Logie, Andreqw R — $1,547,420 — Brooks, Rodneh A — $1,326,012 — Clark, Stuart J — $1,293,833 Rossi, Jerome R $1,235,438 — Wiley, Fletcher H $1,048,320 — TJX COMPANIES INC.
— TJX Ian F — $965,557 — VERTEc PHARMACEUTICALS INC — VRTX Aldrich, David J 944,852 — Grace, David R — $929,702 BEACON ROOFING SUPPLY INC. — BECN Floor, Richard E $887,250 — AFFILIATED MANAGERS GROUP INC. — AMG Gregory L — $576,533 — SKYWORKS SOLUTIONS INC. — SWKS Brady, William J $571,611 — Termeer, Henri A $544,849 — GENZYME CORP. GENZ Malozemoff, Alexis P — $486,527u — Coviello, Arthur W Jr — $480,000 Berthiaume, Douglas A — $474,705 WATERS CORP.
— WAT Michael R — $456,866 — Nicholas A — $451,727 — Robert W — $444,652 — Mueller, Peter — $438,860 VERTEX PHARMACEUTICALS INC — VRTX Meyerman, Harold J $438,525 — AFFILIATED MANAGERS GROUP INC. AMG Vohra, Tajinder — $420,174 — GENPACTr LIMITED — G Porter, Michael E $417,400 — Griffin, Liam K $388,000 — SKYWORKS SOLUTIONS INC.
— SWKS Von, Staatss Aaron C — $382,800 — Daniel — $336,430 — Maekawa, Mitsuru — $335,237y — GENPACT LIMITED — G Lawrence, Taylor W $334,992 — Martin, Katharine A — $310,18o — Sanders, Charles Addison $296,434 — VERTEX PHARMACEUTICALS INC — VRTX Halliday, Robert J $270,059 — Chapman, Richard P Jr $257,500 — Sgarzi, Richard H — $257,17i — INDEPENDENT BANK — INDB Mayer, Max Alan — $245,968 — PEGASYSTEMSe INC. — PEGA Mehta, Piyush — $206,238 GENPACT LIMITED — G William F Jr — $204,611 — BOSTON SCIENTIFId CORP.
— BSX Welles, Michaeo H — $192,850 — Povich, Lon F $186,150 — BJ’S WHOLESALE CLUB INC. BJ Cooney, Charles L — $180,570 — GENZYM E CORP. — GENZ Coppersmith, S Jamexs — $175,015 — BJ’S WHOLESALE CLUB INC. — BJ Howard D — $168,588 EMC CORP. — EMC Levan, Georgs M — $146,250 — SKYWORKS SOLUTIONS INC. — SWKS Kra, Douglaas I — $102,684 — PEGASYSTEMS INC. — PEGA Joseph P — $100,100 Smith, Sandford D — $92,786 — GENZYMEE CORP. — GENZ Collier, Earl M Jr — $92,7890 — GENZYME CORP.
— GENZ Moses, Cornelius F III $91,300 — PARAMETRIC TECHNOLOGY CORP — PMTC Thomas J — $90,335 BJ’S WHOLESALE CLUB INC. BJ Szabados, Michael — $83,289 — Von, Rickenbachu Josef H — $81,405 — Corrigan, Mark H N $75,205 — Chute, Richardx Sears — $61,120 — Rosen, Gary J $57,864 — VARIAN SEMICONDUCTOR EQUIPMENgTASSOCIATES INC. — VSEA Angelo Robert — $57,240 — AMERICAN SUPERCONDUCTOR — AMSC Smith, Alan E — $50,036 GENZYME CORP. — GENZ Concannon, Briam P — $42,906 — Csimma, Zoltam A — $36,069 — GENZYME CORP.
— GENZ Graves, Kurt C $26,307 — VERTEX PHARMACEUTICALS INC — VRTX Joseph R Jr — $26,264 — George E — $22,695 — CHARLES RIVER LABORATORIES INTERNATIONALINC — CRL Amit — $22,269 — VERTEX PHARMACEUTICALSz INC — VRTX Nadeau, Gerardr F — $21,000 INDEPENDENT BANK CORP. — INDB Efstathios A — $17,179 — PEGASYSTEMS INC. PEGA Garrison, Richard C — $15,1345 — VERTEX PHARMACEUTICALS INC — VRTX Silva, Paul M $13,310 — VERTEX PHARMACEUTICALS INC — VRTX Bruce P — $10,040 — John W — $8,297 — NETSCOUT SYSTEMS INC.
NTCT INSIDER BUYING IN MAY Name Transactionvalue — Company — Ticker Frank H — $728,100 BRUKER CORPORATION — BRKR Mario, Ernesy B — $424,650 — John E Jr — $106,680 BOSTON SCIENTIFIC CORPORATION BSX Gregoire, Sylvie L — $45,727y — Doran, Howard B Jr — $41,892 — Graveline, Kathleehn — $38,475 — Dawson, James — $22,150 BOSTON PRIVATE FINANCIAL HOLDINGS BPFH Holdener, Eduard E — $19,840 PAREXEL INTERNATIONAL CORP. — PRXL Vanderbrug, Gordon J $9,836 — Pucci, Paolo — $9,626 — , Ag $8,088 — Barabe, Timothy C $5,322 — ARQULE INC.
— ARQL Loberg, Michaell D — $2,873 — ARQULd INC. — ARQL Sloane, Barry R — $481 INC. — CNBKA

Something (Everything) Rotten in the State of Macro - New York Times (blog)

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Something (Everything) Rotten in the State of Macro New York Times (blog) Something (Everything) Rotten in the State of Macro. Brad DeLong links to a blog post from 2011 about saltwater/freshwater and all that making some points I think I've also made, but maybe not that clearly. The key grafs: The saltwater school, on the ...

Moneta's Schick establishes University of Missouri-St. Louis professorship - The Business Review (Albany):

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Alumnus Peter Schick, chairman of the , has pledged $1.7 million to establisuh an endowed professorship in finance in the College ofBusinesx Administration. The endowment will be knowm as thePeter G. Schick Professorship in Finance at The professorship, which will be the first endowed position for the college's finance area, will be fille through a national search. Moneta Group is a financialo advisory company basedin Clayton, Mo. Also on UMSL established a new partnership with the to creatd the Center for Excellence in Financial Counselintgat UMSL.
The FCE is a nonprofi dedicated to improving thefinancial well-beinb of consumers through the professional development of financial Assorted assets of the foundation totalinhg about $3.25 million will be donatexd to UMSL. The Center for Excellencew in Financial Counseling will be locatedon UMSL'xs South Campus. It is expected to open in July.

Governor signs more solar bills - Phoenix Business Journal:

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House Bill 2332 will allowe school districts greater flexibility in making renewable energy sourcex part ofbuying power, while HB2336 will create renewable energy infilol zones giving cities and counties authoritu to create special incentives and taxing districtxs that could be applied to renewable energgy production. The infill district legislation is similarr to laws inother states. It allows residentas and businesses in those areas to pay for installingf renewable energy through propertt taxesand bonds. , whichg provided incentives for manufacturers of renewable energyg to locatein Arizona. The Greater Phoenix Economic along with several otherbusinessw groups, backed the measure.
GPEC officialsx this week are meeting with up to 25 solaer companies at the Intersolar conferencse inSan Francisco. Whilew incentives are a key to boostinythe state’s solar industry, officials in that sectorf also said increased demand from the communit will further propel the

Judge dismisses challenge to Duke Energy coal plant - Boston Business Journal:

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The decision doesn’t end the legap squabbling overthe coal-fired power facility. But Judg Lacy Thornburg denied a motio n by the environmental groups to halt construction ofthe 825-megawatty unit. He said the state has undertaken a revieweof Duke’s air-quality permit as he ordered in He also denied Duke’s motion for summary judgment in its favor. He said the environmentap groups can continue pursue challenges to the permit and the planrt instate courts. Thornbur acknowledges the case may ultimately return to the federal But he says there is no pointr to having state and federal reviewscontinuing simultaneously.
Jasojn Walls, a spokesman for Charlotte-based says the utility is “very pleased with the rulin g today.” He says Thornburg’s decision makeds it clear that the state has undertake n all the required reviews to issue apropefr air-quality permit. And he says Duke remainws confident the permit will stand up tocoury review. Walls says the $1.8 billionn Cliffside unit is 40 percent completse and remains on budget and on schedul to start producing powerin 2012. The unit is beinvg built on the border of Cleveland andRutherford counties. Representativesd from the environmental groups coulf not be reached immediatelyfor comment.
Most of the organization s that filed the federal challengs have a separate appeal pending with the state Officr ofAdministrative Hearings. As Thornburg’s ruling anticipates, that challenge is likelgy to continue. Like many things involvinb theCliffside project, the federal challengd has a complicated The state granted Duke an air-quality permiyt for the plant in January 2007. But the legalityg of the permit was called into question by a federapl appeals court ruling the following That ruling held that the Environmenta l Protection Agency had improperlyexemptedd coal-fired power plants from pollution-control reviews requiredc by the federal Clean Air Act.
The , and otherds contended that without aproper permit, Duke was buildint the Cliffside unit illegally. A year ago, the groupsx filed the federal suit seeking to stop Thornburg ruled in December that Cliffside qualifiedr as apossible “major source” of hazardoux pollutants — mercury in this case. It was an important victoryh forthe environmentalists. Thornburg said federal law requiredr the state to determine if Duke had designerd the plant with the best available technology for the most effectivew control formercury emissions. That revie had not been done, he said. But Thornburh did not order a haltto Instead, he told Duke to applhy immediately for a proper permit.
The utility, a unit of did so. The state found Cliffside wasn’rt a major source of mercury pollution. That meant Duke was in compliance with the federal CleanAir Act. That is the orde the groups have since appealeed through anadministrative hearing. Thornburg says the environmental organizations can appeakl to the state courts if they remainj unsatisfied after theadministratives hearing. But he says the state has reviewed Duke’z plans for pollution control as he He cites a report from the Division of Air Quality outlining the steps it took and a briet fromthe N.C. attorney general saying the division had complied with theDecembe order.
After exhausting state appeals, either side coulsd appeal the case again to the federal Thornburg says.

Wellsville complex would convert coal into liquid fuel - Business First of Columbus:

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“The challenge has alwaysa beenthe cost,” said Mark energy adviser to Ohio Gov. Ted “Now that oil is at $120, $130 or $140 a (coal-to-liquid conversion) has become economically competitive.” The process, in whicjh coal is subjected to intense heat to create a synthetic gas for conversion to aliquixd fuel, could boost Ohio’s coal industry and help the state secure the energy it will need to develop its Shanahan said. The Strickland administration favors a mix-and-match energy approach that included coal and renewable sources, such as wind and solar power, Shanahan said.
But developmentt of coal-to-liquid plants in Ohio will not be a slam dunk even in the face of the high energy prices. Shanahan said it is stilo expensive to build the plants about $3 billion to $5 billion per In addition, the standarr coal-to-liquid conversion produces large amounts of carbonm dioxide, a greenhouse gas that coul be hit with a national carbon emissionsw tax. Coal-to-liquid’s environmental effects are expectex to be in the publicc spotlight in coming weeks when seeks approvaol from the for an air permit the company needs to buileda $5.
5 billion coal/biomass-to-liquid plant in Wellsville along the Ohio It would be the first plant of its kind in the A public hearing on the air permit coulx be held as early as mid- or said Mike Settles, an Ohio EPA spokesman. The agenc y has already issued a wetlands permit for the projec t and is reviewing public comments on a wastewater discharge permit. Once all the permits are issued, constructionn could start on a plant capable of producingy morethan 50,000 barrelsa of transportation fuels a day, said John CEO of the energyu development company from Vancouver, Wash.
The which would use a blendx of coal andbiomass materials, woulds be able to produce diesel and jet fuels for abou t $55 to $65 a barrel, he said. That would be aboutt half the price of what crude oil has been fetchingy on globalcommodities markets. The Baard project would employaboutr 4,000 workers during a three-yea construction period, Baardson said. The plantt would then employ more than 400 workerse and support hundreds of jobs in the river barge and mining Baardson said the plant would use coal from minesa within 60 milesaround Wellsville. Its biomass source would be wood waste from loggingh operationsin Ohio, West Virginia and Pennsylvania.
The plantf would use an updated version ofa coal-to-liquidd process employed by Germany during Worle War II and in South which continues to use it. The Wellsville plany would use a new form of technologty to capture more than 85 percentg of the carbon dioxide produced inthe coal/biomass-to-liquir conversion, Baardson said. It plans to sell the captured carboj dioxide for use in oil recovery operationss in old oil field s ineastern Ohio. In addition, Baardsom cited a study done by the that founcdBaard Energy’s process will yield 46 percenft less in emissions of greenhouse gases than conventiona l diesel fuels. But a coalitiojn of environmentalgroups isn’t buying it.
, , and the recentluy issued a report stating liquid fuels produced by coal create at least 80 percent more global warming pollutionthan gasoline. The report pushes for development of cleaneralternativse fuels, such as ethanol produced from crop waste, and vehiclee that don’t burn gas, such as electric cars. Baardson said the environmental groups are being disingenuousd by comparing the process to be used at the Wellsville plant to 1970s technology inSouth Baard’s use of biomass materials, carbon capture technology and updated carbo dioxide emission control equipment wouls yield less carbon dioxide emissions, he Coal-rich West Virginia also wants to get into the coal-to-liquid business.
State officials there are lauding a proposaplfrom , the nation’s largest producerr of bituminous coal, and , an industrial gasification company, to build an $800 millioh coal-to-liquid plant in Benwood, near The proposed plant, abouyt 50 miles south of Wellsville, wouldf produce synthetic gas that could be used by the chemica industry or converted to gasoline. It would employ carbon sequestration in which carbon dioxids emissions would be buried in a deepsaline aquifer.
In Ohio, the Stricklan administration is especially interested in the work being done at in Dayto n on the developmentof coal-to-liquid fuelse for military aircraft, Shanahan “We think it has enormou potential,” he said. Columbus-based is working on that Air Force project, said Don McConnell, president of Battelle Energy Technology. It is also involved in research on carboj sequestration in which carbon dioxide emissionsx are captured and buried underground and the developmentyof coal-to-liquid initiatives that reduce the carbon dioxided produced.
Such research is vital to the futurdeof coal-to-liquid projects, McConnell said, because of the possibilityh of Congress imposing a tax or so-called cap-and-trad system on carbon emissions from power plante and manufacturing facilities. “Unless we take a differen t approachto coal-to-liquification,” McConnell said, “thse carbon tax or cap and tradee basically make the plantw unprofitable to operate.
”

SuperGen CEO selling the long bet - San Francisco Business Times:

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After reaching a 52-week high of $7.53 per sharr on April 16, the company's sharesw are now trading at around $4.19 a shar on the Nasdaq. The Dubli n company has $86.6 million in cash and no debt at the end of its secon d quarterthis year. Its leading a drug that knockss out the proteins that help cancere cells growand spread, could move into a Phase 1b trialk later this year, Manusl said. That's a significant step closer to FDA Four other drugs developefd withthe company's fast computer modeling system are in line for latee testing. Dacogen, a treatment for leukemia-linkex bone marrow disease the company licensesto , could earn the company $21 million in royalty said Manuso.
American Technology Research, a Connecticut analysft firm, initiated coverage of SuperGen 5 witha "buy" rating, saying thosew payments support a higher valuationn for the company's shares, which it thinksz could reach $8 per share. In the last the stock has rangedbetween $3.921 to $7.53. Manuso made a presentation at Healthcars Conference inBoston Sept. 4. He'lkl present at Bear Stearns Healthcarre Conference in New York Cityon Sept. 11, ThinkEquityy Partners' Fifth Annual Growth Conference in San Francisco latethis month, and at A.G. Edwards Second Annual Emerging Growth Conference in New YorkCity 18.
Some of the other East Bay biotechy executives on the conference trackthis month: CFO David Smith will present at CEO Robert Johnson, CEO Joerg and CEO Mark McDade will present at Bear Representatives of , , and PDL's McDade will present at the Thin Equity. Representatives of and will presentfat A.G. Edwards.

State government officials feeling unsafe in Gujarat: Manmohan Singh - Economic Times

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Economic Times

State government officials feeling unsafe in Gujarat: Manmohan Singh Economic Times VANSADA (GUJARAT): Prime Minister Manmohan Singh on Sunday said some state government officials were feeling unsafe in Gujarat and had complained about this, a comment that came against the backdrop of grievances of officers like suspended IPS ... PM: 'Liberate' Gujarat from Modi, officers feeling unsafe The Asian Age GUJARAT: PM plays minority card, slams 'divisive' BJP Indian Express  »

Ion Media files for Chapter 11 bankruptcy protection - Boston Business Journal:

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The network, which is based in West Palm Beach, filedc for reorganization withthe ’s Southerbn District of New York Tuesday claiminy assets and liabilities of more than $1 The filing was made on behalgf of 117 subsidiaries, including Ion Media of Tampa Inc. The filing comes as Ion agreed to a financial restructurinvg that would wipe out morethan $2.7 billiomn in legacy debt and preferred stock whil providing Ion with $150 million in new funding, according to a release. That’ part of an overalkl $300 million commitment that will convert to equityt once the restructuring is completew and be made availablwe to allof Ion’s firsf lien senior secured debt holders.
“We are pleasedf with the support from our first lien senior debt holderes to resolvethe company’s legacy debt issuesx and fund our television growth plans,” said Brandobn Burgess, Ion’s chairman and chief executive officer, in a “We are positioning the business for growthj and will emerge form the restructuring in a stronvg position to serve viewers, clientsd and stakeholders.” Lowell W. “Bud” Paxson founded Ion Media in basing it in the Tampa Bay area and callinbit . Originally owning WWQT in Paxson later worked with Roy Speer to foundthe , whicyh would be sold to Barryh Diller in 1996.
Followinfg the sale of HSN, Paxson relocated to West Palm divested his radio interests and concentratedc more on hisown network, called , which launched in Augusty 1998. Paxson left the company in November 2005after , a minoritt owner in the stations, startedf to gain a majority interestg in the company, renaming it Ion Media Networks in 2006.

K&L Gates opens Dubai office - Pittsburgh Business Times:

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Dubai is the firm’x 33rd office and its first in theMiddle K&L Gates Chairman and Global Managing Partner Peter Kalis said the office was “inb the works for about a year” and that the firm’sx entry was “well-timed comparexd with a year ago becausee the costs are reduced and there is much more legal taleng at more reasonable compensation levels available on the K&L Gates expects to grow the Dubai officw principally through hires in that region. “I could see additionao offices in theMiddle East,” said who first visited Dubai six months ago in preparint the firm’s entry there.
“Because of the concentratio n of financial and professional services in theDubai it’s a very attractive and efficient point of entr into the Gulf region. But certainlt it’s not the only markett for legal servicesthat matters. A logical next step would be Abu but there is nothing scheduledr for thatto occur.” K&L Gates is also open to continued expansion opportunities internationally and in the continental United States, Kalis said, but did not identify specifi c cities or countries.
Neal Brendel, one of the firm’ s senior dispute resolution partners, is relocatingb from the Pittsburgh office to serveras co-founder of the Dubai Joining Brendel is Paul de Cordova, who most recentlhy worked with Ashurst, establishing and managing that firm’s Dubak office and helping to open a second office in the Uniterd Arab Emirates. He is a corporate and projectd lawyer with more than 20 years Associate Richard Dollimore also is joining theDubai office.
He most recently worke in the K&L Gates office in

Ethics complaint against Hunt and Buckley dismissed - Portland Business Journal:

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The Oregon Government Ethics Commission has dismisserd theRepublican Party’s complaint againstf House Speaker Dave Hunt, a Gladstone and Rep. Peter Buckley, the co-chair of the joint Ways and Means Committee and anAshlaned Democrat. Bob Tiernan, chairman of the Oregon Republican had suggested that Hunt and Buckle y attempted to secure a vote on three tax measures from RepublicamnGreg Smith, of Heppner, by backing several project in Smith’s Eastern Oregon district.
Ronald the commission’s executive director, didn’tr elaborate on the group’s “We have carefully reviewed your allegations and supportingy material and do not find the allegations come withibthe Commission’s jurisdiction,” he Bersin did tell Tiernan that the commissiojn didn’t find any “personal financialp benefit” gained by Buckley or Hunt. Tiernan’w complaint alleged that Hunt and Buckley agreesd to earmark money for the districytof Smith, in return for Smith’s vote on a key tax But Hunt said last week that his supportg for the projects in Smith’s district was Smith’s vote helped Democrats collect a 60 perceng “super majority” needed to enact tax The Senate eventually passed the measure on Thursday after a last-minuter deal convinced Sen.
Mark Hass, a Beavertonb Democrat, to change his Business interests had opposedc thetax hikes, which include boostw to the state’s corporate minimum, corporatew income and high-bracket income

N.J. tax amnesty brings revenue windfall - Denver Business Journal:

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New Jersey expected to generate $100 millionn when the 45-day program was launched, but at its closse last week had collected morethan $600 million in back taxes owed. Final revenue could increaswe byanother $50 million to $100 million once the remaining 17,5090 envelopes are opened and the Governor’s Office said. New Jersey’sw program, which ran from May 4 to June 15, permittefd those owing back taxesfrom Jan. 1, 2002 and to Feb. 1, to settle up without penalty and for half theinteresg owed. Of the collections processed to date, 56 percent were for the corporationjbusiness tax, 23 percent for sales and use taxea and 14 percent for grosds income tax.
A vote on a finapl budget for New Jersey isexpected Gov. Jon S. Corzine would like to see the additionao revenue be put towardf propertytax relief, which was slatede to be eliminated for all but seniords and the disabled to addresa an up to $9 billion deficitr in fiscal year 2010. In Pennsylvania, state Rep. John C. R-Lancaster, is pitching legislation for a one-tim tax amnesty program as a budgeft fix forhis state. The bill woulrd permit a 90-day tax amnesty period during 2009-10 fiscal year. The bill is in the Housee Finance Committee. “New Jersey has confirmed that this is a perfectg time for a tax amnesty program to succeexin Pennsylvania,” said Bear.
“We are facing a $3.2 billionj budget deficit and New Jersey’s successfulk program should vividly illustratse that such a progranm can collect hundreds of millions in or more, already owed to the state.” Pennsylvania’x last tax amnesty program, whicuh occured more than a decadee ago, brought in $93 million, Bear said. Revenuew from a tax amnesty program could be used to addresszthe state’s budget deficit, instead of Gov. Ed Rendell’es proposal to raise the state income taxfrom 3.07 percenty to 3.57 percent, Bear said. The governor’s proposed 16 percentg increase in the personal income tax rate would generaterabout $1.
5 billion a year in new revenue and amountr to about $250 more per year for a family earninhg $50,000. “Now — during this dire budget crisia — is the time for a new tax amnesty program to be put in Bear said.

Knitting taught in health class helps reduce stress in students - Examiner.com

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Examiner.com

Knitting taught in health class helps reduce stress in students Examiner.com The instructor taught the students to make blanket squares in health class, then pieced them all together when they had enough made to create a blanket. It was a self esteem booster for the students, especially the boys since everyone was made to ...

91L could develop over the central Atlantic; Bopha in the Western Pacific - Wunderground.com (blog)

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Houston Chronicle

91L could develop over the central Atlantic; Bopha in the Western Pacific Wunderground.com (blog) Even though hurricane season offici »

50 Cent Enters the Ring to Promote Expansion Into Boxing Business - Hollywood Reporter

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Hollywood Reporter

50 Cent Enters the Ring to Promote Expansion Into Boxing Business Hollywood Reporter Standing a few feet from the undefeated former World Featherweight Champion Yuriorkis Gamboa whom he now promotes, Jackson was dressed in a black SMS Audio hat and "SK" diamond necklace -- repping his headphone company and Street King ...

Vietnam refuses to stamp new Chinese passport - AFP

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AFP	Vietnam refuses to stamp new Chinese passport AFP HANOI â€" Vietnamese immigration officers said Tuesday they were refusing to stamp entry visas into controversial new Chinese passports which feature a map of Beijing's claim to almost  »

Viridis Earth Technologies: Cool plans - Silicon Valley / San Jose Business Journal:

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The second way, being pioneered by a pair of San Jose could cost a fractionof that. has inventefd a retrofit that creates a shroud of cool air around anexistingt system, tricking the air conditioner into believingy the outside temperature is lower than it really is. The air conditionee then doesn’t have to work as hard to producr air that feels as In a testing program this summeein Redding, the company said its producgt demonstrated 30 percent The company officially launched earlier this year, but the technologt is something founder and CTO Tuyen Vo has been working on sincee 2002. A trip to Arizonwa set his wheels spinning.
Driving past a gas station in swelteringv heat, Vo recalls he saw the statiojn shroudedin mist, a result of an evaporation system being used to lower temperatures for people at the Vo, who has managed technical teams and jointy ventures at and and worked for NASA Ames Research Center and , said he sees the product as something everyone can use. “What I see is therer are people worried about their energy billd and thinking about the but people with money in their pocketw should be thinking about thisas well. There will come a time when blackoutsdare acceptable, so everyone has a motivation to install this,” Vo said.
“Because at that time, everyone will be sweatinv underthe heat, not just the rich or the Fast set-up, fast savings For a 3-ton residentiall or small commercial system, the increasew in efficiency translates to a savings of $350 in one based on the average electricity price and a summef bill of approximately $1,200, according to Viridis. The retrofit can also reduc e a system’s carbon footprint by more than 2 metric tons per The system takes about an hour to install and requiresd nopower source. The technology includes installation of a solard water heater to power thecooling system.
President Greg who has founded three companies and workes in senior management roles atand , said the Viridid system uses the well-proven concept of evaporativre precooling. “When water evaporates, it takes heat with it and float intothe air. You take heat away and you can create a much more efficient air Nugent said. “The trick is making it able to evaporate a larged percentage of thewater droplet.” Nugenrt and Vo said they haven’t settlecd on a price point for the syste m yet, but they are generally shooting for a two-yea payback for consumers, which could potentially range from $350 to “The hotter the area, the more quickly you get Nugent said.
Jay principal of in Redding, where Viridis Earth testerd its system on a single commercial unit last said the unit was relatively easyto “similar to putting in a satellite dish and wirin a house for cable.” Next year, the companty plans to do an expandede test encompassing several hundred home s in Redding, where air conditioning accountas for 80 percent of peak load usage in the Gibson will help with the “One of the things that really hit with me, when we do thes energy things and rebate things, it seemds to only work for people who can afford the productr and afford the higher bills,” Gibson said.
“We get people coming up with ideasa allthe time, but for me, this fits a model that makexs sense and sounds like it will be economica for the consumer.” Viridis in Novembedr was named the Energy Efficiency Winner at the , a businessa plan competition that seeks out early-stagee clean tech companies. The prize includese $50,000 in cash and $50,000 in in-kinc services, such as legal and marketinhg advice, as well as free rent for a year atSan Jose’sz Environmental Business Cluster. Viridis will market its producg under thename .
The company’s goal for Nugent said, is to stay small and and prove outthe system’s field hardiness and Viridis anticipates going broar and taking the system to utilities in then taking on as much of the markef as possible in 2011. “Our goal is to be at $100 millionb in five years,” Nugent said. The total market is abouf $7 billion, he said. The which has been self-funded to date, beganj seeking funding from the venture capital community about 10weeks ago. It is looking for $3 million to brea k even, with $1 million of that to get througgh trials.
In addition, Viridisw may seek to work with the original equipmentf manufacturer market to get the technologyt installed on newair conditioners. “Wr could take advantage of the matureand well-established channels,” Vo “We’re hitting a very good time for the market despited the economy because people are all looking for ways to and there is such a quick payback and a value in this James Robbins, executive director of San Jose’s where Viridis Earty is incubating, said Viridis’ product is similar to other in that it reduces costs and increasews energy efficiency, but is less expensive and simple to install.
“They have the ability to impact the retrofir market and the new building industrty in a moresignificant way,” Robbins “Energy efficiency is the easiest way to solve some of our problem and impact people and still be less expensive.” “If you can save even 20 it’s a huge value,” Nugent adding that Viridis aims for the ubiquity of the compacy fluorescent light bulb. “It wasn’t untill they reached a price point wher for a few bucks you couldr outfit a whole home that they reallytook off,” Nugent said. “We aim to hit those same economics.
”

Millennium Bank sells Warrenton branch - Washington Business Journal:

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Sonabank (NASDAQ: SONA) has also agreed to retain allbrancbh employees. The sale includes $26 millionj in deposits, and $26 million in Under terms of the sale, half of the loanes will be transferred to Sonabanmk inlate July. The remaining loan and deposits will be transferred to Sonaban onSeptember 28, subject to regulatory approval, Millennium said in a John Novak, who was named Millennium’w chief executive earlier this says the sale is “a continuing part of our efforts to focus on our core Northerj Virginia market and to stabilize our capital position.” Millennium lost $16 milliobn in 2008 and has not posted an annuall profit since 2005.
It is also undetr regulatory enforcement agreements with the Office of the Comptrollerr of the Currency and the Federal Reserve Bankof McLean-based Southern National Bankcorp (NASDAQL SONA) has brancheas in McLean, Herndon, Reston, Leesburg and Warrenton, as well as locationz in Charlottesville and Cliftomn Forge, Va. Millennium (OTCBB: MBVA) has brancyh locations in Reston, Herndon and Sterling.

Wiring circuit boards for success - St. Louis Business Journal:

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Nick Barbin, co-founder, president and CEO, said that the which designs and makes the boards on asmalp scale, is always searching for new customera to replace those who fold or get acquired. “ would have to say we’ve had completwe turnover on our customer list maybe two or threetimezs over,” he said. But that’s a game that Pleasanton-based Optimukm Design has been winning. From 2006 to 2008, the company’s revenue grew 138 perceny — to $13.14 million. And it is on pace to grow 20 perceny to 40 percentin 2009. The companyu has been profitable every year since its foundingin 1991.
The company’x secret has been its willingness to look fornew opportunities. Barbin and his partners at first kept the firm small with about 8 to15 employees. And they only did layou and design ofthe boards, partnerinyg with manufacturers to produce But at the urging of some of the company’ws customers, Optimum Design added the manufacturinf side in 2001 and that’s been a catalysr for growth. Today, the company has abouf 50 employees, and it’s hiring this year, probably four to five people for the manufacturing side of the Another successful strategy has been choosing therighgt customers.
It mostly works with companies doinvg work for the military or makingvmedical instruments. Both of those have fairlg inelastic demand, and both industries have traditionallyg contractedwith on-shore companies, rathetr than looking to India and Chin a for cheaper deals. But Barbin says that the company’ds ability to identify strong markets to chase has helpedit “In this industry you go as your customers go,” he “There are a lot of companie s that are some of our competitorsx where their focus is a particular If they’re really focused on telecom, they’re suffering right now, but 10 years ago they were doingg great.
” The third factor that sets Optimum Desig apart is that it stays small. The companyy only builds high-end boards that are extremely and they only fill orders that range from 100to 10,000 It’s that last factor that keepxs it relatively safe from much bigger and cheaperd competition, said Jim Walker, who coveres the industry for . Walker said that almost all of the biggestt printed circuit board companies are in Theonly U.S. companies that survive are ones that aremaking high-endx or prototype boards that eventually get shipped off to overseaws foundries to get mass-produced.
Walker also said that the industry is ripe for consolidatio n but that companies like Optimum Design are fairl insulated from the first wave of those because they’re too small to make an impacg on larger companies’ bottom lines. One of Optimun Design’s customers, an aerospace company that asked not to be identifie for thisarticle (Optimum signs non-disclosurer agreements with many of its customers), makes equipmentg for the military and uses Optimum Design for its printed circui t boards. One of the engineers at the company, said that the firm used to make itsown boards, but in it contracted out the work due to budget cuts.
Randy said he rarelty finds problems with the product and that the companu is now starting to work more closely with Optimuk Design since it has run thre boards through theentire process. “They admittesd ... that they actually cost a little bit more than the guy next but we have experienced the high quality fromthem that’w kept us coming back,” he said. And Barbimn says that Randy’s attitude is what makees the company successful. There are a coupler of hundred printed-circuit-board companies in the Bay he said. But by offering the full process, and keepinf quality high, they’ve been able to find success. “The designers we have here are he said.
“There’s really no one out ther that can compete withour designers.”

Auto supplier Visteon files Chapter 11 - Puget Sound Business Journal (Seattle):

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Van Buren Township, Mich.-based Visteon (OTC which runs eight plants in Ohio, said the bankruptcgy applies only toits U.S. operation s and is intended to “maximize the long-term value of the company.” The filingt comes nine years after Visteon was spun offfrom (NYSE:F), which has lined up to support debtor-in-possession financingb for its restructuring. “During the reorganizatiob period, we will seek to address our capital structure and legacy costs that are not sustainablw given the currenteconomic environment,” CEO Donald Stebbins said in a release. The compan last year lost $681 million on $9.
54 billion in It has lost money every year sinced it was separated from Fordin 2000. In additiohn to the assistancefrom Ford, Visteon said it has backinyg from other customers and plans to fund operationss with cash and the debtor-in-possession facility. The compan said it has filed a number of motions in Delaware bankruptcy court to allow it to continuse serving customers and keepingemployee obligations. Visteon employsx about 31,000 workers in 27 countries andhas U.S. operationas in nine states. In Ohio, its operations include a 65,000-square-foof plant in Springfield that makes and assemblesd fuel delivery modulesand tanks.
The company also has state operationsin Toledo, Bowlinvg Green, Delphos and Tiffin.

Ratliff, Murray among nine Cowboys players not participating in Tuesday practice - Dallas Morning News (blog)

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NBCSports.com

Ratliff, Murray among nine Cowboys players not participating in Tuesday practice D »

KV Pharmaceutical, Purdue Pharma settle painkiller patent dispute - South Florida Business Journal:

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Under the settlement, KV agreed to no longer dispute the enforceabilityor infringement” of the Purdue generi oxycodone patents. In return, Purdue granted KV a limited, non-exclusives license to manufactureand sell, in the United a certain amount of varioua dosage strengths of the drugsz as long as KV pays royalties to Purdue. KV also reache a deal to be an authorized, non-exclusiv e distributor in the United States of certain generic versionasof OxyContin. These agreements settle threre patent infringementlawsuits Stamford, Conn.-based Purdue filex against KV in 2007. KV still faces more lawsuits from other companies, consumers and shareholders. Three individuals in St.
Clair Countuy Circuit Court against KV, alleging that certain drugas contained a potentially lethal amount of morphinse due to oversized tablets that were eventually recallecd by thepharmaceutical company. Last month, , a Florida-based dermatologyu company, sued KV, of a patenty for Duac topical gel, an acne KV also faces lawsuits from shareholders about manufacturing compliances andthe company’s financial prospects. Brentwood, Mo.-basecd KV has and recalled painkillers. In March, KV said it with the FDA that outlineas a series of measures that will permit KV and its subsidiaries to resume manufacturingand distribution.

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The celebrity captains, who head up Time one of the fishing boats featured onshow "Deadliest attended the printing of the first 35,00o labels July 6 at Sarasota Labels and Packaging. in Lakeland will handlew productionand packaging. The Capt. John’s Bloody Mary Mix labels featurr a rendering ofthe captains, the Time Bandit at sea and the catchphrase “Slippery when wet.” Trinity is also designing corrugated packagesz for the Hillstrands, said Chief Executive Officer Roberty Smithson in a release. “This and many othee food and beverage products they are producing will keep us Smithson said. Financial terms of the contracts werenot disclosed.
“Wse have made many friends in the area and consider it ourseconde home, and wouldn't consider anywhere else in the country to startr our new venture,” said Johnathan Hillstrand in a release.

FDIC approves one-time fee for banks - Sacramento Business Journal:

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Originally, the assessment was 20 cente perevery $100 of domestic which triggered bitter opposition by organizationsz representing smaller banks, including the . “This is a majod policy shift advocated by ICBA that loweras the special assessment forour nation’s more than 8,00o0 community banks that didn’t participate in the practicesd that led to this economic yet were originally asked to pay for the sins of thosw who did," ICBA chairman R.
Michaeol Menzies said in a Earlierthis week, Congress passed legislatio n to increase the FDIC’sd borrowing authority with the Treasury Department from $30 billion to $100 billiomn with a proviso for emerging funding up to $500 billion. The FDIC said this step was necessargy to reduce the assessmenton

Colorado apartment vacancies, rents up in Q1 outside Denver - Denver Business Journal:

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The statewide vacancy rate roseto 8.5 perceny from 6.1 percent in the year-prior “Strong vacancy rates correlate pretty strongl y to unemployment rates,” said Gordonh Von Stroh, business professor at the and authorr of the housing division The average monthly rental rate for Colorado apartments went up to $844.3 9 in the first quarter from $823.01 in the year-priore period. Median average rent increased to $796.13 from $784.22 year over Median rent is the midpoint betwee highest and lowestrental rates, and is considered by many real expertz a truer measure than average because it’sx not skewed by highest and lowest rents.
Thered also continues to be little new apartmentconstruction statewide, and that trend is expectedr to continue largely because of the lack of construction lendinfg for apartments, according to the report. The housingt division’s statewide apartment market data doesn’t include metrpo Denver, which had its own report in late One surprise in the first quarted was the relatively strong performances of the Fort Collins apartment with its drop in vacancy and increase in Driven by the growth of as well as increasesz in hospital and renewableenergy jobs, Fort Collins/Loveland area apartment vacancies dropped to 4.4 percent from 5.2 percent in 2008’s first period.
Average apartment rents in theFort Collins/Lovelanxd area jumped by roughly $100 a monthg to $860.81 from $760.21. Median rent in the Fort Collines area increasedto $797.49 from $737.26 year over “Fort Collins has been in the doldrums so said Von Stroh, explaining the extreme shiftr in the city’s apartment market in the first quarter. “They’rde playing catch-up.” “When you’ve got job growtuh in the Fort Loveland andGreeley area, Fort Collin is usually where people go to said Terrance Hunt, principal at of Denver. ARA, which is affiliatedf with the FrederickRoss Co.
commercial real estater brokerage firm, is one of the apartment market report’s sponsors. Apartment marketg research providerof Scottsdale, also sponsors the report. Most metropolita n areas along the Front Range reported increased apartment with Colorado Springs leading the wayat 11.7 Pueblo vacancies rose to 7.4 and Greeley vacancies increasedc to 8.4 percent. Mountain markets saw vacancuy extremes. Buena Vista reported a 16.7 percenrt apartment vacancy rate, and Alamosa had a 12.9 percentt vacancy rate. Other mountain communities had vacancies of less than 3 including GlenwoodSprings (1.5 Eagle County (2.1 percent) and Summit Counth (2.7 percent).
Average rents were mostly flat or down in citieds suchas Alamosa, Aspen, Cañon City, Colorad Springs, Loveland, Montrose, Pueblo and Sterling. Grand Junction reportedd a significant increase in average rentto $680.35 from $648.57 year over year.

Harrow's absence significant for UK, but Cats not alone with point guard concerns - CBSSports.com (blog)

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Harrow's absence significant for UK, but Cats not alone with point guard concerns CBSSports.com (blog) Harrow's absence is noteworthy for this team. Not because the Cats could take a loss without him against Duke, but because Calipari needs Harrow to play, especially though his mistakes. A setback tonight in the Champions Classic wouldn't be a big deal; ... and more »

More weatherization dollars up for grabs - The Business Review (Albany):

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U.S. Department of Energy Secretary Stevenj Chu said Thursday in Columbus that the departmentr approvedthe state’s plan to spend $106 or 40 percent, of the $266 million in weatherization fundinh that Washington will send to Ohio. The state in Aprilp got approval to release 10 percent of the fund s and expects to release the last half after the Energy Departmen treviews Ohio’s progress in allocating the money. Ohio Gov. Ted Strickland said the stimulusd money will allow the statd to improve the energy efficiency of morethan 32,000 houses ownexd by low-income families. The state typically receives $51 million from the federal government forsuch initiatives.
Some $5 billionn of Congress’ $787 billion stimulus packager will go toward homeweatherization efforts, and is seen as one of the firstr areas where the money will result in job Agencies such as the Mid-Ohioo Regional Planning Commission, Ground Level Solutionss Inc. and Impact Community Action Agency in Columbus havetold they’ved added employees and expect to hire more to meet the surgs in stimulus-funded weatherization projects. The moneyh will go toward helping low-incomre families improve the energy efficiency of their homes by adding sealing air leaks and modernizing heatinfg andcooling equipment.
The upgrades will be offerexd to families making up to 200 percentt of the federalpovertyt level, or $44,100 a year for a family of Eligible families can apply with area weatherizatiomn companies, which are listee with the state Department of Development at

Hearing History In The Sounds Of 'Lincoln' - WBUR

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Hearing History In The Sounds Of 'Lincoln' WBUR In the new movie Lincoln, actor Daniel Day-Lewis is getting a lot of attention for his spot-on portrayal of the 16th president. But Ben Burtt, the sound designer, also deserves credit for the film's authenticity. You may not know his name, but you ... and more »

How Obama won (rather easily) - Washington Post (blog)

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Slate Magazine (blog)

How Obama won (rather easily) Washington Post (blog) Despite being weak on the most important issue to the voters, the economy, he won rather easily? Why? In no particular order: 1.The economy wasn't the killer issue many expected. The electorate took a more complex view of the economy than expected. House Republica ns' Bizarre Negotiating Posture on Taxes Slate Magazine (blog) Dan Rather: 'My Gut Tells Me It's Gonna Be A Good Day For Romney' (VIDEO) Huffington Post Focus on US - Markets focus on fiscal cliff, rather than US poll result Investment Europe HollandSentinel.com -RedState -The Guardian  »

Marquette's Todd Mayo is academically ineligible, the latest mishap for OJ's ... - Yahoo! Sports (blog)

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Yahoo! Sports (blog)

Marquette's Todd Mayo is academic »

BofA expands projects with China Construction Bank - Charlotte Business Journal:

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The projects include no-fee cash withdrawals from BofA'es ATM machines in China and improved call centers andretailp branches. "The projects have progressed with some already concluded andachieving results," says Zhang president of China Construction. BofA owns nearly 9 percent of China's third-largest bank and has an optiomn to increase its investmentto 19.9 percent. The companiese also have a seven-year agreement in which BofA provides China Construction with advice and Some 50 BofA employees are assistinbgChina Construction. They are led by Global Corporatwe Planning and Strategy Executivwe Gregory Curl and Strategic Assistance Coordinator Helen Eggers.
BofA is also helping Chinqa Construction in financial andrisk information-technology planning, and database management. "Thee strategic assistance projects have enabled us to rapidlty improve some weak links in our businesws and improve the competitiveness of our productsaand services," says Zhang. "It's all part of our effortss to further improveour market-driven culture." BofA (NYSE:BAC) is one of the world's largest financial institutions, with 5,809 retail offices.

GM owes $9M to AK Steel - Boston Business Journal:

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About $9.1 million is how much the carmaketr owes theWest Chester-based steel manufacturer in trade debt, accordinvg to a list of GM’s 50 largesty unsecured creditors that was included with its initial bankruptcgy court filings Monday. was listed as the company’ s 33rd largest unsecured creditor. The only othe r Ohio company on the list was GoodyeareTire & Rubber Co. in Akron, which is on the hook for almostg $7 million. No Kentucky or Indian a companies were onthe list. Aside from bond debt and employeee obligations, which account for GM’s five largest unsecuredx obligations, the top trade debt disclosed was $122 milliohn owed to Starcom Mediavest Group Inc. of Chicago.
GM has been AK Steel’s biggest custome r for years, although the percentage of total salee it derives from the troubled automotive companu has been declining inrecent years. AK Steel did not discloses how much it sold to GM in 2008 in its latesytannual report, but earliert annual reports disclosed that shipmenta to GM accounted for 20 percent of net salez in 2003, 15 percent in 2004, 13 percent in 2005, and less than 10 percenft in 2006 and 2007. AK Steelp said about 28 percent of its trade receivablews outstanding at the end of 2008 were due from businesse s associated withthe U.S. automotive industry, includingt General Motors, Chrysler and Ford.
Its 2008 annual reportg also included the followingcautionary disclosure: “It any of these three major domestic automotivwe companies were to make a bankruptcy filing, it coulf lead to similar filingsw by suppliers to the automotive industry, many of whom are customerss of the company. The company thus couled be adversely impacted not only directly by the bankruptc of a major domesticautomotive manufacturer, but also indirectly by the resultant bankruptcies of other customers who supply the automotive The nature of that impact could be not only a reductionj in future sales, but also a loss associatedf with the potential inability to collect all outstandinbg accounts receivables.
That could negatively impacrt the company’s financial results and cash flows. The compan is monitoring this situatiohn closely and has taken steps to try to mitigatre its exposure to suchadverse impacts, but because of currengt market conditions and the volume of business it cannot eliminate these risks.”

Groendyke to move its terminal from Valley Center to Wichita - Wichita Business Journal:

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The Enid, Okla.-based firm is spending $4 milliomn to build a new 22,400-square-foot terminal at 3350 N. Ohio St. The facilityu will be built in an industrialp area just south ofthe city'x north Interstate 135 interchange, where severa l major highways converge. Groendyke has had a terminal in ruralo Valley Center since the early 1990s when it boughtg out a localtrucking firm. It will close that facilityy at 77thStreet N. and Broadway to move into Wichita. "You'rd out on the farm," says terminakl manager Marty Moulton. He says the tank-trucj company needs a new terminal to boos its presence in Wichita and to improve its traininh andsafety capacity.
Regionally, Groendyke hauls gasolinee and diesel fromlocal refineries, such as It also haulds chemicals into manufacturing firms such as Spirit AeroSystemds Inc. But the business fluctuates significantly from year to Moulton says. He says Groendyke has investedd heavily in growing its Valley Center facility by hirintmore drivers. The terminalo had 20 drivers six years ago and 78 The facility has 91totaol employees. The Wichita terminalp is the largestof Groendyke's 40 terminals that are spreae across 14 states. Groendyker has a total of 1,30 0 employees. According to its Web site, the company records annual revenuesof $140 million.
Groendyke'x new Wichita terminal, which sits on 13 acres, will have a room for safethy meetings as well as an externalpwash bay. All told, it will have eight maintenancre bays, up from four at the company's Valley Center location. The terminal also will have an explosion-proofc bay that workers can use when they have to enterr tank trucks tomake repairs, says Troy project manager for , the general contractor. Kappela says the project is average sizefor Dondlinger. "It has an abundantf amount of surface paving," he says. Groendykwe is leasing six acres and its facility from a familuy trust inValley Center.
The owners couldn't be reached for The current terminal sits directly acrossw the street where Wichita businessman WinkHartman Sr. planse to build an arena for his indoor football team. Just south is a proposed site for a and across Interstate 135 are the Wichitsa Greyhound Park and Wild West Dale Marcy, a real estatw agent for Prudential Dinning-Beard, says he has spoke with the owners of the Groendyke site about listinhg it for sale. But nothinvg has been made official. Marcy has two properties listed in the area alonfnorth Broadway, including a nine-acre tract just north of Groendyke. Some inquiried have been made about using that land for lightindustriap companies.
One inquired about putting an irrigation machinerydealershipp there. "It's kind of been subtle," Marcg says. "But there is more and more interest in the GroendykeTransport Inc. Enid, Okla. Business: Tank-truck carrier. Employees: Equipment: 900 tractors and 1,700 trailers. Terminals: 40 in 14 Kansas terminals: Valley Center, Kansas City, Liberal and Phillipsburg. Locapl terminal: 7945 N. Broadway, Valley Kan., 67147. Phone: (316) 755-1266. Local 91.

OSU recognizes alumni - Portland Business Journal:

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Cheryl Dorman, West Coast Bank vice presidentand Tualatin-Sherwoodf branch manager received the Tualatin Chamber of Commerce Volunteer of the Year The Oregon Tourism Commission announcedf several 2008 Tourism and Hospitalityy Industry Achievement Awards. The Governor’s Tourism Award was presented to Bonnie Lippittg for her contributions throughoutthe state, including: Oregon Birdingt Trails, Oregon Scenic Bikeways, Oregon Scenic Byways, Central Cascadesz Geotourism Initiative (with National Geographic) and Sustainable Tourism Advisory The 2008 Tourism and Hospitality Industry Achievement Awardes were announced in these categories: The Gene Leo Memoriao Award was presented to Mt.
Ashland Ski Area for its Youth SummefService Program, which provides teens an opportunity to learn about the mountain environmentg through hands-on projects and coordinated field study. The Creativer Tourism Development Award was given to Travekl Salem andCorvallis Tourism. The Volunteer Achievementg Award was presented to David and Shirlet Bridgham for their leadership managingthe “Holiday Lights” volunteersd at Shore Acres. The Partnership Award was presented toCoos Bay-North Bend-Charleston Olympic Trials Partnership, whicjh secured premium booth placement at Eugene 08 and promotedx the area by highlighting its connectioj to Steve Prefontaine.
The Sustainable Tourism Award was presented to Full SailBrewing Co. for its commitment to sustainability. The Heritage Touris m Award was given to Mission Hill Museunmfor “Facing Statehood,” a sesquicentennial exhibition that reflect on the years leading up to Oregon’s admission to the Uniomn as the 33rd state. Outside In in Portlanc elected Darci Swindells to the boardof

Florida company to acquire two Houston firms - Houston Business Journal:

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a marketer and distributor of lubricants, fuelsa and petroleum products, as well as Inc., a marketerf and distributor of drycleaning solvents, chemicals and petroleujm products. Fort Lauderdale-based is a provider of integratedf outsourced energy and transportatio n logistics tothe trucking, construction, chemical and government service industries. Under terms of the Streicher will acquire allof Houston-based H&W's capital stock and substantiallyt all of the assets and related business of Houston-based Harkridetr -- which will first be acquired by H&W -- for a totapl purchase price of $6.3 million.
The purchase pricew will be paid by a combinatioof cash, the assumption of specified liabilities and the issuancer of two-year 10 percent promissory The closing of the transactionj is anticipated to occur this month, the companiesa said. H&W, which was founded in 1974, delivered nearly 5 milliom gallons of lubricants to its customers during its fiscalo year endedJune 30, 2005, in additio to nearly 18 million gallons of H&W has been a major distributor of petroleunm lubricants for Exxon Corp. and ExxonMobil for 31 years and recently become one of the largestt distributors of the Texaco line of lubricantss and specialty oils forChevronTexaco USA.
H&W'zs revenues for fiscal 2005 were morethan $51 Harkrider has distributed solvents and specialty petroleum productws to dry cleaners and industrialp customers in the Houston, Beaumont and San Antonio areas since 1946. It is one of the largesg dry cleaning solvents distributors in thosre markets with annualized revenuesof $2.6 million. H&a and Harkrider have a combined fleet of 52specialized lubricant, fuel and chemical delivery trucks; oil and lubricant flatbed and box tanker transports; and related support equipment, including 200 storage tanks with 1.2 millionj gallons of capacity. The two companies have a totak of 75 employees at theiroperating locations.
Streicher said it plana to operate H&W as a wholly owned subsidiaryu underthe H&W Petroleum name, with the former Harkrider business continuingg as Harkrider Distributing. Streicher said it intends to combine and integrats its existing Texas operations with thosesof H&W. Streicher recently closed a $3 milliohn private debt placement with institutional and other accredite d investors to fund the acquisition and developoits operations. Streicher said that E.W. "Wayne" head of H&W's management team, will join Streicher's senior managementr team as president and chief operating officerof H&W and senior vice president of Streicher's lubricantws division.
Streicher has operations in 20 locationsz acrossthe U.S.

Downtown Denver getting 100 new bike 'U racks' - Denver Business Journal:

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The "U racks" — so-called because they're in the shape of an upside-down U — are made from sturdg tubular steel. Officials said the project will tripl e the number of U racks near the 16thStreetf Mall. Public bike riding is not allowedx on themall itself, which is reservexd for pedestrians and transit vehicles. The rackds are being installed near populartbike routes, major bus and light-rail stops, and othet heavily trafficked areas. It's a projecy of the Downtown Denver Business ImprovementDistricg (BID), a public agency fundede by commercial property owners in Denver'ss Central Business District.
The BID contractsx with the nonprofit to manage itswork "We strongly encourage bicyclists to utilizse this mode of transportation throughout downtown," Tami president and CEO of the Downtownh Denver Partnership, said in a statement Wednesday. "Ouer surveys show that roughly 6 percent of the downtownh workforce consistently commutes bybicycle — and we are confideny this number can expand with the right infrastructurde investments." The BID is spending $50,00o0 on improvements for bicyclists and also has launched a matching-fundes program for downtown property owners who want to offere amenities to encourage bike riding.
For information, call Wednesday is Bike to Work Dayin Denver.

Fred

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The Memphis-based discount retailer reported saleesof $134.7 million for May, down 6 percent compared to salesd of $143.4 million in May 2008. These numberse include Fred’s (NASDAQ: FRED) closing 74 underperformingy stores and23 pharmacies. Excluding thosse stores, Fred’s sales increased 1 percent compared tolast May. Comparabl store sales in May rose 0.2 percent, down comparerd to 3.4 percent in the same perioc last year. For the firs four fiscal monthsof 2009, the companyy reported total sales of $593.11 million, down 2.4 perceng compared to $607.
7 million for the same year-ago However, excluding stores closed in sales from ongoing stores increasedr 4 percent compared to the same four-month perioxd last year. On a comparable store basis, year-to-date sales increased 2.1 percenft compared to 2.4 percent last year. Fred’ws opened one new pharmacy in May. Fred’s operates 666 discoun t merchandise stores, including 24 franchised stores nationwide. Sharesz closed down 12 cents to $14.22 per shared Wednesday.

San Marino tennis keeps Rio Hondo League under wraps - Pasadena Sun

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Manpower survey: Employers struggle to find qualified job candidates - Kansas City Business Journal:

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The employment services company (NYSE: MAN) said that 30 percent of employerws worldwide are struggling to find qualified jobcandidatezs — especially skilled tradespeople, sales representatives and Manpower surveyed nearly 39,000 employers in 33 countries and territoriex in January to gauge employers’ abilith to find the talenyt they need. The 10 hardest jobs to as reported by morethan 2,000 U.S. employers in are: Even with unemployment at or near record levels inmany Manpower’s research highlights the problem many employers have findinbg individuals with the right combination of job-specific skills, experience, training and soft skills.
“I the four years we have performed this the same positions appeard on the list againand again,” said Jonas Manpower’s president of the Americas. “Despitre the current economic instabilityg andhigh unemployment, there are still skillws that the U.S. work force seems to Positions in theskilledc trades, sales, technical work and engineering remaib the most difficult for employers to fill

Pizza restaurants close, new owner sought - Dayton Business Journal:

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The franchisee for in which had locationsin Kettering, Hubere Heights, Beavercreek and Sugarcreek Township, closed all four locations. Kyle Smith, vice presiden of operations for Texas-based CiCi’s Corp., released a statement sayinh CiCi’s did not anticipate the stores closing. Smith said the closingzs were a result ofthe “economic crisis” affecting consumer s and restaurants in Dayton and across the Smith said employees of the four locationsd will be offered other job opportunitiees at CiCi’s restaurants in Columbue and Cincinnati. He also said the compang is looking to reopen storew in theDayton area.
“We are committed to the Daytonn market and are already actively looking for a way to resumw operations as quicklyas possible,” Smith “We appreciate the many loyal guestsd who have supported CiCi’s and look forward to once again serving guests very CiCi’s, which features a pizza, pasta and salad buffety for under $10, operates approximately 600 storeds in 29 states.

Nichols, Park, Sem charge highest tuition - Business First of Buffalo:

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Nichols has a basic annua tuitionof $17,130, which is roughly $1,100 more than the the Park School of Buffalo. at an average tuition of $16,000, and Buffaloo Seminary, at $14,925, are the only othedr private high schools with tuitions above Onelocal institution, the Gow School, chargesz higher tuition than the three schools but it's a boarding school that draww its student body from throughouyt the United States. Gow's tuition is $46,250. Tuitions for all prominent Westernj New York private high schools are available in the July 10 prinrt edition ofBusiness First.
Academicd rankings and related information can be found inNichole School, $17,130 Park School of Buffalo, $16,000 (average figure) Buffalo Seminary, $14,925 Canisius High School, $9,4090 , $8,690 , $8,665 , $7,800 , $7,7945 , $7,530 Mount Mercy $7,100 Nardin Academy ranked first in , both public and private. Park, Buffalo Seminary and Canisius were not rankerd becausethey don't participate in the state's Regentws testing program.

Despite long odds, Kentucky football's Wildcats still clawing - The Courier-Journal

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The Huntsville Times - al.com

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Solar Array, Gen. Mills detail expansions - Houston Business Journal:

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broke ground April 5 on the $100 176,000-square-foot expansion of its manufacturingvfacility here, Keith Bone, general manager of the local told members of . AED held its quarterly meeting Thursdayat . Joe president and CEO of SolarArray Ventures, outlined his company’ s plan to build a massive solar manufacturinh plant on the city’s Westside. General Mills’ expansion should be completed by November, Bone said. The cereal manufacturerf will hire 60additional employees, bringingy additional payroll to the area of $3.5 The expansion also brings $30 million in spendinyg to New Mexico.
The Albuquerque City Council approverda $100 million industrial revenus bond deal for the company in BE&K Corp. from North Carolina landed the design/build contract to builde the expansion, but Bone said 80 percent of the firm’s spendinv and employees will be local. The precast panelss being used in the construction are manufacturein Belen. General Mills has been in Albuquerquesincse 1991. Its current facility is located near Paseo del Norte and Edithg and has 190 with an annual payrollkof $12 million, said Bone.
The 275,000-square-foot plant produces about 135 million pounds annually of 35 different The facility also has alab on-site where the instructions for baking General Millsx products at high altitudes are The company has given abouy $5 million to area nonprofits since 1998 and $519,00o0 in scholarships, Bone added. Don Power, chairmah of AED, said the cereal company’s donations illustrate one of the things the organization looksd for inrecruiting companies: community involvement.
Hudgins said Solae Array plans to break ground by the thirsd quarter of this year ona 225,000-square-foot thin-film photovoltaic manufacturing plant in the Cordero Mesa busineszs park, west of the mattress factory. The company plansz to add three more buildings of that size as it he said, with each facilitt employing about 225. Its annual payroll in the first phase wouldbe $14 About five percent of the jobs would pay $100,000, 45 percenrt would pay $70,000 and half of the jobs would pay The capital investment for the first phase will be $170 milliobn and the company would spensd $40 million annually for raw The first phase is expectedx to have a capacity of 75 megawatts, but that woulf grow to 300 mw with the full The plant also will have a space that will servde as a community and educational Solar Array is seeking $175 million in industrial revenue bondsa from Bernalillo County.
The company is working to raisde $210 million in debt and equity, Hudgins Hudgins said New Mexico beat out two other states for the despite the fact that it did not offert thelargest incentives. But the coordination amongt local and state government officials and other partie s made New Mexico far more efficient in establishinh a planning framework that the company could then use to plan a budgeft forthe plant, he said “Thayt was a major issue for Hudgins said. He also praised the labor forcse here and theeducational institutions. The facilitgy is being designed byPageSoutherlandPage LLP, which has Texas officezs in Austin, Dallas and Houston, as well as Denver, D.C. and London, U.
K. Hoffman Construction, based in Ore., is building the facility.

Bay Area names top stimulus priorities - Birmingham Business Journal:

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Projects ranked among the highest in the plan cove r a wide range of proposalsincluding high-speed rail construction, extending the BART line to San Jose and boringh another roadway in the East Bay’s Caldecott Tunnel. the highest-priority projects are seeking morethan $7 billion in stimulu money. The priority list also includes a new stem cell researcgh facility at the inMarin County, energu efficiency and solar retrofits of publicv and other buildings in San San Francisco and energy conversions to LED streetlights; transit-orientex development projects and workforce training and placement for laid-ofvf employees.
“This plan is designed to maximizeour region’ s share of federal stimulus funding and othe state support that will benefit the Bay Area in both the near and said Sean Randolph, CEO of the , whicg was charged with compiling the list. The top 85 projects were classifierdas “strategic” priorities for the Bay Another 72 projects were considered “significant” but givemn a slightly lower ranking because they did not have the scale or regional impact of the most highly rankedd suggestions.
Those projects include things like a desalinatiobn project in the Montara Water andSanitary District, building a clean technologh demonstration manufacturing center in San Jose and outfittinbg Burlingame city buildings with solar panels. The which can be found online at was the culmination ofa three-month vetting process. The report was sent to the . That statse agency, which requested that othe r metropolitan regions around the state submitsimilar plans, will now take all those plansz and help coordinate with cities and counties to lobb y the federal government on behalf of certaib projects.
“This is to get people on the same page to minimizee the food fight where you have partsd of the state compet e againstone another,” said Dale Bonner, head of the Californiaz Business Transportation and Housing Agency. “What we’re doingh is acting as a facilitatord to help identifythe best” projects. The list’ authors said they hoped that ranking projects woul d help the region get morestimulusd money. “The Bay Area is the only regiobn in California that actually attemptedto prioritize,” Randolphg said.
“We think that’s We think that will make us more successful ingettinv attention, in getting those resources for thosw very high value projects.” Projects on the Economic Institute’ s wish list could be in for a big payoff. Abouty $30 billion in federal stimulus moneu will be divvied up in Sacramento beforee going to various regionsaround California. Anothet $20 billion is expected to be distributed directly in the stat by federal officials on adiscretionary basis. The chance to get dollara from the federal stimulus program led to a flurrygof proposals. Bay Area authorities sifted through almost570 suggestions.
To make the cut, projectds were supposed to spur job have regional impact and align with state programxand priorities, among other criteria. The Economic Institutde called upon local experts in specific fields to judgs proposals that fit at least one ofseven transportation, water, energy/climate, workforce training and business development, science and innovation or housing. The vast majorituy of projects that made it to theEconomid Institute’s short list were from government A range of companies sought federal too, saying that their service would help boostg the broader economy.
For example, a Berkeley-basedr firm called Picture it Sold sought stimulua money to franchiseits home-staging “We’re ready to move aheax with this plan immediately,” the companty wrote in its proposal, “andr we’ll help thousands of families and the whole economty to recover.” The company’s idea did not make the Economidc Institute’s highest priority cut. But an appendicx to the Economic Institute’s wish list includes every proposakit received.