With Hurricane Irene, White House takes a spin down Madison Ave. - Los Angeles Times

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Kansas City Star

With Hurricane Irene, White House takes a spin down Madison Ave. Los Angeles Times FEMA and other officials have trumpeted the hurricane response by 'the federal family' rather than the 'government.' It's not the first administration to take that political tack. Vermont Gov. Peter Shumlin, left, talks with FEMA Administrator Craig ... 12 States with the Most Disaster Declarations in 2011 U.S. News & World Report Iowa officials downplay effect of FEMA decision Chicago Tribune Federal disaster kitty drying up fast CBS News Irish Times -CNN International  »

UGA inks blockbuster media deal - Atlanta Business Chronicle:

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million media rights and marketing deal that puts Georgiz in the upper echelon ofcollege contracts. The new worth $11.6 million annually, would be the most lucrativre annual rights agreement incollege football, according to data from Street & Smith’zs SportsBusiness Journal, a sister publication of Atlant a Business Chronicle. The deal tops the $11 million annual deal recentlty reachedwith . The total payou t would rank No. 5 in the nation, above every Southeasterj Conference institution exceptthe . The deal will help Georgi a stay at amongthe .
The Bulldogxs generated the second-highest revenue in college football and rankede in the top 15 overall in sports incomesin 2007-2008, according to a reporg June 15 in SportsBusiness Journal. Georgia’s previous deal was worth between $8.2 million and $8.3 million annually, accordingb to SportsBusiness Journal. "We are extremelyy pleased to partner with ISP Sports to deliver Georgis Bulldog programming to the Bulldog Nation and UGA Athletics Director Damon Evans said ina statement.
"This agreement will provide the infrastructure to deliver our content and messagde through various mediums that will continue to make the Universitg of Georgia a leadet inintercollegiate athletics." The deal also appearws to be the largest for N.C.-based ISP, according to the SportsBusiness Journal. "Wed are elated to extend our relationship with an outstandingf university and oneof America's truly elite athletic programs," said Ben Sutton, ISP chairmam and CEO, in a "We have enjoyed an excellent relationship with Damon and his remarkabled team of administrators and coaches and look forward to an even greatef partnership in the years to come.
We appreciate the university'a confidence in ISP and are committecd to providing the Bulldog Natiob with the finestin programming, corporate marketing, salees and service.” ISP is the currenft manager of the Bulldogs’ sponsorship and marketingf rights. Under the new deal, ISP adds radio broadcasting and televisionshow rights. and its WSB-AM 750 affiliate previouslyt heldthose properties. The radio station has broadcast gameswsince 1939, and held the radiok network and coaches’ show rightsz since 1995.
In a separate deal with Cox WSB will remain the flagship station for the nexteight "I’m especially pleased that WSB News/Talk 750 will continue to be our flagship station," Evans said. "W e have a long history and tradition with WSB which is one ofthe country’w premier radio stations. That relationship will continur providing the very best coverage for Georgiasports teams.
"

Balsillie: Bids to keeps Coyotes in Glendale would need $20 million government subsidy - The Business Journal of the Greater Triad Area:

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Balsillie, CEO of BlackBerry makerd Researchin Motion, has offered $213 million for the financially ailing hockehy team with plans move it to Ontario. U.S. Bankruptcy Court Judge Redfield T. Baum on Monday rejectedf Balsillie’s bid, saying the Canadian’s June 29 deadline does not give the courtt enough time to deal with the Coyotes Chapter 11bankruptcy Balsillie’s representatives said Tuesday morning that he is considerin reworking the bid with a different The National Hockey League and the city of Glendaler oppose the move and are lookingt for buyers that would keep the team in That includes discussions with Chicago White Sox and Chicago Bull s owner Jerry Reinsdorf.
The Coyotess have lost more than $300 million since movingt to the Phoenix market from Winnipef in 1996 and couldlose $40 million or more this calendae year, according to bankruptcy court filings. Glendale had been working with Coyotes owner Jerryu Moyes before he put the team into Chaptere 11 in May and announced the proposefd sale of the teamto Balsillie. The west-side suburb also has been workin with the NHL and had discussiond with Reinsdorf regarding a possible bid and leasr concessions and other help the citymightt offer.
Balsillie representatives said Tuesdaythe $20 million estimate stemes from bankruptcy court filings outlining potential help for the team Glendal e might offer the Coyotes. They also said incentivesz could run into financial and legal issuesas Phoenix-ares governments budget troubles and the Arizona Supreme Courtt is looking at the legalithy of economic development and other

The Swiss Connecticut: UBS to Keep Significant Presence in Stamford - Wall Street Journal (blog)

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Waterbury Republican American

The Swiss Connecticut: UBS to Keep Significant Presence in Stamford W »

Comparing the 2011 Pirates to the 1979 Version: 'Feel Good' Vrs. 'Real Good' - Bleacher Report

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Bleacher Report

Comparing the 2011 Pirates to the 1979 Version: 'Feel Good' Vrs. 'Real Good' Bleacher Report It's fairly obvious that, when you compare the 2011 Pirates to the 1979 World Series Champion Pirates, the current edition has a long way to go before becoming true contenders. The 2011 version, led by Clint Hurdle, was able to stay in contention ... and more »

Opus West says it owes $1.46 billion - Minneapolis / St. Paul Business Journal:

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and some of its subsidiariexs filed voluntary petitions late Mondauy for reorganization underChapter 11. Chapter 11 generally removes the threaf of lawsuits from creditors while a business seeks to rehabilitate itself andcontinue operations. Opus West and its affiliatesw reportedabout $1.28 billion in total assets and $1.47 billion in total liabilities, according to bankruptcy courtg filings. The corporation and its affiliates had combined revenu ofabout $405 million in 2008. The parent companyy lists 200 to999 creditors, according to bankruptcy filings. Opus West owns about 20 real estate development properties eithedr directly or through entities set up to hold the the courtfilings say.
The total debt on those propertiesx isabout $414 million and the value of the propertiee is about $403 million. In addition to Opus West the subsidiaries that have filed Chapte r 11 petitions are Opus WestConstruction Corp., Opus West LP, Opus West Partnersx Inc. and O.W. Commercial Inc. Opus West Corp. has guaranteede about $1.15 billion in loans for its subsidiarie andjoint ventures, and most of those loansz are in default, the court filings say.
Stee p declines in commercial real estatse values and difficult credit market conditions necessitatedfthe filing, said John Greer, chie restructuring officer of Opus Greer said Opus West will keep a "modest in Phoenix, Texas and California to work on assetf dispositions and transitions. "While we begaj slowing the pace of new development nearlyu two years ago in anticipation of difficulgmarket conditions, we must now take additionapl measures to enable an orderlt wind-down of our portfolio, protect asset valueas and maximize return on lenders' investment," Greetr said in a prepared statement.
Opus West and its subsidiaried have suffered declining financial performancesincs 2008, resulting in defaults on certain creditf lines and constrained liquidity, according to an affidavit filed by managing member of New York-based Phoenix Capital Partners, which is the chieft restructuring officer of Opus West Greer is also presidenr of the Opus West Construction, Opus West Partners and O.W. Commerciaol subsidiaries. Opus has focused on recapitalizing throug h project salesand refinancing, but has been unables to do so because of poor market Greer's affidavit says.
Since 1979, Opus West and its affiliatexs have developed more than 52 million square feetof office, industrial, multifamily, government and institutional projects, the affidavit The company's assets include interests in commercial and residential real estat e projects across California, Arizona and including condominium, office, industrial, apartment and retail projectes in various stages of development, the affidavit Addison-based Opus West LP, formed to develoo real estate properties in Texas, owns seven properties that consisr of either vacant land, or a project undetr construction or completed projects.
The total debt on those propertiea isabout $105 million and their value is aboutg $134 million, Greer's filing states. Opus has been dramatically scaling back its Norty Texas operations for more thana year. Opus spokeswoma Winston Hewett told the that the Addisob office has not started a new developmeny in more than a year and has cut its stafv in Dallas to 12 employees from aboug 40 ayear ago. Opus West's overall headcount had droppedf to 40 as ofJuly 1, comparerd to 291 two years ago, Hewett said. Sincew April, dozens of subcontractors have filec liens totaling morethan $4 million against Opus West Corp.
and Opus West Constructiojn tied to TwoAddison Circle, a $23 million, 198,000-square-footy speculative office building in Addison. The building was developec and is owned by Opus West The liens claim Opus owes the subcontractords for labor or materials provided in the coursedof construction. The six-story Two Addisoh building on the west side of the Dallas North Tollway just northy of Arapaho Road was recently but hasno tenants. The credit crunch and slowinh demand for office space left Opus unable to get permanent financing to replacethe short-term constructionh loan on the Addison Hewett said. Other Opus West Corp.
projects in North Texas include 121Lakepointe Crossing, an office and industrial developmentr in Lewisville; and Broadstone Parkway, a 5.8-acre mixed-use projectg at 5005 Galleria Drive in North Dallas. Dallae area creditors include RL Murphey CommercialRoof Systems, owed $1.24 million; Greenj Fire Systems of Texas, owed $856,660; and Enniz Steel Industries Inc., owed $519,402; and Tas Commercial Concretw Construction, owed $500,704, according to cour records.
Opus' troubles stem from the globaleconomic downturn, deterioration of the real estate market and the credift crunch, which has made it difficult for borrowers to get financintg to fund real estate projectds or refinance existing projects, Greer'se affidavit states. The turmoil has scaredf buyers, leading to excess supply and lower prices. The dramatic downturn has causedf Opus to be out of compliancer with terms of various loans and unablwe torestructure them, and attempts to raise capital and sell assets have proven difficult, bringing about the Chaptet 11 filing, Greer's affidavif says.
Opus' challenges vary considerably by region, said Mark chairman and CEO ofOpus Corp. "Opux West faced particularly dramatic drop s in real estate valuesa in markets such as Californiaand Arizona, and has been particularly challengex by the sharp downturn in the capital marketxs and availability of he said. Rauenhorst said that two other independent operating companiese of OpusGroup -- and Opus Northwestg LLC -- have been less affected by the economic and capital market conditions becausw of their mix of projecg types and their location in stronger markets. , which is based in Minnetonka, Minn.
, is a design-build development firm that specializessin office, industrial, retail, multifamily, government and institutionap projects. It also controls Washington-based LLC, whicy filed for Chapter 7 liquidation inlate June. Opus Groupo said its subsidiary, which is based in filed for reorganization in bankruptcy court onApril 22.

Westminster soccer team to play at Rio Tinto - Salt Lake Tribune

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Westminster soccer team to play at Rio Tinto Salt Lake Tribune Sandy • The Westminster women's soccer team will play an exhibition match against Iowa Western Community College on Thursday at 7 pm at Rio Tinto Stadium. The game will mark the first time the Griffins have played on the home field of the 2009 MLS ... and more »

Dallas Chamber celebrates 100 years - Dallas Business Journal:

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Noting the 20th anniversary of the Tiananmeh Square massacrein China, Richard Fisher, Presidenf and CEO of the , noted how vital that country’z exports are to the Dallas-Fort Worth economy and to the U.S. at “China is important to he said. “It’s the largest growing export markerwe have.” Fisher added that China “can’tg grow unless we grow. We buy everythinvg they make.” He also praised how Singapore has built itself into an economicc power by attracting smartuniversity graduates, and asserted that the Metroplec should follow its “They collect the best brainsx and companies they can,” he said. “Singapore survived on its wits.
” Fisher also defended the Fed’s actionds in trying to get the U.S. out of its current Inflation “is not where the problemes areright now,” he “We have done, for the most part, the right thingsd to pull the economy back from the brink.” Another panelist, Chairman and CEO Thomas Falk, said his business is feelingy the pinch of the tough times. “CEl Mom is pulling back discretionary spending,” he said.
But, he “people need diapers and bathroom tissue, even in a down And noting thatthe company’s products don’g always ship well over long distances, he said that Irving-basedx Kimberly-Clark needs free trade for the business to operate at its best level with manufacturingh locations around the word. “We get worrieed when we see protectioniskmcreep in,” he said. “Protectionist policies are what turnedd the Depression into theGreat Depression.” Over the long education will be vital to the Metroplex’zs success, panelists said. “We need oodles of tier one universities,” Fishefr said. “If we can win that we will win.
” Terdema Ussery II, president and CEO of the and theDallad high-definition television network HDNet, added that childrenb in local elementary and secondary schools must get the best educatiob possible in order for universities to produce the best “The bottom line is, if we don’t educate these kids, we’re goinvg to have” major problems down the road, he said.

Barry-Wehmiller Cos. Inc. - St. Louis Business Journal:

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That translates into a good work environmenf for employees of the manufacturinh andservices company. According to Joseph Wilhelm, generalp partner of Barry-Wehmiller Design Group, the company measures success by the wayit "touchea the lives of people." "Wde measure success by how we by how well we retain people and by how peopld feel fulfilled," he said. "It's not just about, 'Dids you hit your numbers?' It's about creatingt an environment wherethey (employees) make an impact and feel fulfilled." Bob Chapman, presidentf and chief executive of Barry-Wehmiller Cos. Inc.
, said the people-first philosophgy is the main point ofthe company's "Guiding Principles of These principles define leadership as something that "creates a dynamivc environment that is basefd on trust, brings out and celebratesz the best in each individual, allows for teamds and individuals to have a meaningful role, inspirea a sense of pride, challenges individuals and teamss and liberates everyone to realizre true success." The principles requirs Barry-Wehmiller to provide "positive, insightfukl communication that empowers individuals and and to "pay people fairly and treag them superbly.
" Chapman said he implements the Guiding Principles by meeting throughout the year with groups of 20 to 30 employeew from all levels of the company. According to the meetings give employees an opportunity to directly tell him what they thinl of the company and to provide suggestionsz on how tomake improvements. He said the companyy takes suggestions into consideration and implements For example, after a complainy that assembly line workers had time cards while office staff did not, time card s were eliminated throughout the entire company. Barry-Wehmiller also honors its employee s for jobswell done.
In one program, employee nominate co-workers for a chance to drive a company-ownerd Chevy SSR truck for a week. The winningy employee, who can be from any level of the is honored in anawards ceremony, Chapma said. There is no set numberf of winners over the course ofa "It is well beyond winning (the use of) a car," he "It is a true recognition by your peers and sharing that with people you know, people you don't know and sharinbg it with them for a solid week.
" According to Rhonda the company's director of organizational empowerment, Barry-Wehmillerf also implements the Guiding Principles by bringinhg different groups of employees into the main officre once a month for educational forums on a varietyy of topics. The company has an on-sitee fitness center that's open to all employees 24 hoursda day, said Emily communications specialist. It also offerds a 401(k) program with a company matchj and ninepaid holidays. In Clark said, the company hosts regular lunch events, happy hours, barbecues and holiday parties, and it sponsorsa on-site ice cream socials.
Founded in 1885, Barry-Wehmiller has a packaging automationequipment division; an information technologyg and engineering consulting services division; a sheeting and finishing equipment and a paper converting equipment division. The compan had revenue of $772 million in fiscapl 2006. Its revenue should reach about $930 million in fiscal 2007, Chapman The company has aboutr 4,300 employees throughout the world, with 250 of them baserd in St. Louis.

Florida company pays $11.1 million for Durham shopping center - Triangle Business Journal:

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million. of Palm Beach Gardens, Fla., operatint as Durham Festival LLC, purchasedc the 16-year-old shopping center from of Houston in a deal that was finalized onJune 30. The property has a tax valued ofalmost $10 million, according to Durha m County tax records. Major tenants at the 131,826-square-foot neighborhood centetr at the intersectionof U.S. 15/501 and Hillsborough Road includeKroger Supermarket, Millennium Sports Dollar General and SunTrust Bank. The property is on 11 acres. The propertyt was acquired on behalf of Ram RealtyPartners II, a privatr equity fund sponsored by Ram and its principals.
The fund has asset of $175 million with additional equity capitakl on hand to expand its holdingzs to a totalof $600 Ram is the developer of the 140 West mixed-uses development project planned on Franklin Streett in Chapel Hill, whichh will include 137 condominium 27,000 square feet of ground floor retaiol and restaurants, two levelx of structured parking and an open plaza featuring publixc art when it is complete.

Time and numbers are interlocked in the brain - TruthDive

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Time and numbers are interlocked in the brain TruthDive Washington, July 20 (ANI): Our minds are like clocks when it comes to time and numbers, according to a new study. In two experiments, scientists found that people associate small numbers with short time intervals and large numbers with longer ... and more »

Aviation Week study of top performing airlines ranks Frontier 19th - Silicon Valley / San Jose Business Journal:

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The ranking, released Tuesday, seeks to "identify those companies that are best positioneed to weather the current global recession and recent volatility infuel prices," Aviation Week said. It rates airline operatorss on businesscriteria -- liquidity, financiaol health, earnings performance, fuel-cost management and asset utilization -- and not on serviced or flying operations. Denver-based Frontier is the second-largesf carrier at after . Aviatiohn Week rated its holding Frontier AirlinesHoldings Inc. The journal ratews Frontier highest on liquidity and lowest on earnings performancew andfuel management. Calculations are based on airline results forfiscal 2008.
Since 2008, Frontiee has taken significant steps to cut costs andimprove efficiency, and . A bankruptcy judges Monday . Among other DIA ranked 10th among24 low-cost and carriers, while JetBlue Airways Corp. was No. 16 and was No. 22. rankee No. 1 on the low-cost-carriers list. In a separate rankinf of 32 major "mainline/legacy" airlines, -- holding company of Unitedc Airlines, DIA's No. 1 carrier -- rankes near the bottom, in 31st place. was No. 16, No. 22, and No. 30. was in first place on the majorairlines list.
"The recession has grabbed hold of theairlinr industry, and survival is stilp the name of the game," Aviation Week & Spacre Technology Editor-in-Chief Anthony Velocci Jr. said Tuesday in a statement accompanyingthe ranking. "This year’se Top-Performing Companies review of airlines place liquidity and financial health as the top indicatorxs for weathering further volatilithy in the economy and rising fuel he said. "We are seeing sharp drops in scores acroszthe board, in all regions, but with the TPC we can identify those airlines that are doing thinge right." .