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points to 50.8 percent in according to the latest figures from SpheriobEmployment Report’s Texas Employee Confidence Index. The report, whichn measures worker confidence in employmen and theeconomic environment, also • Forty-two percent of Texas workers believee the economy is getting weaker, down 23 percenrt from 65 percent in • Nine percent of Texas workers believe more jobs are compared to 5 percent in the previous • Seventy-two percent of Texasa workers surveyed are confident in the future of thei current employer compared with 68 percent in March. “Comparef to the U.S.
jobless rate, Texaes is definitely faring Kim Lockhart, regional vice president for Spherioin Texas, said in a statement. “Although clients are still being cautious aboutadding staff, we have seen some pick-upo in the last few weeks. In fact, we are seeinvg stable demand for work incustomer mortgages, health care, IT and collections. Because a largerf pool of applicants are competing for fewer job we are advising job seekers to use this time to sharpe their education and This will help candidates stay current and give them the competitived edge they will need when the marketfullyt recovers.” The monthly survey was conducted by for (NYSE: a Fort Lauderdale, Fla.
-based recruiting and staffingv company.
Saturday, June 30, 2012
Friday, June 29, 2012
Workout groups remade - Philadelphia Business Journal:
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“We are definitely seeing increased particularly from bankswith $1 billion to $10 billion in for chief credit officers and seasonedc professionals dealing with loan workouts,” said Alan Kaplan, who runs the Wynnewood-basesd staffing agency. “But many of these people are at the end of theier careers or retired so the talent pool is not Up and comers have not been trained in thesde workout skills because these problems have not existed for such a long periodof time.” Banks have either transferres people over from slower departmentds or hired from outside the company.
Harleysville National Bank even hirer two retired workout specialists to assist with the increasinf number oftroubled loans. Paul Geraghty, CEO of parentg company , said he increasedr workout staffing by movint some personnel from the real estateworigination side, adding another through last year’s merger with and lurinhg a few senior people out of retirement from Geraghty’s days at CoreStates Bank. “Theitr experience was in demand, and they will work flexibled schedules, so it fit,” Geraghty said.
“I’mm seeing people that I haven’t worked with for a said Barry Bressler, a bankruptcyu lawyer with who represents Harleysville National and otherr banks inreal estate-related Jim Lynch, a principall in , a private equithy fund that invests in underperforming banks, said during the economicv slowdown of the late 1980s, bankw put seasoned professionals in workout departments. But by the workout professionals were no longerin “So many of them retired and ther e was no need to replace them because the economyu was so strong for so long,” said an executive at several different Philadelphiza banks for 36 years beforr joining Patriot in 2007.
Lynchn said workout professionals try to maximiz e the value of the troubled asseft for the bank as quicklyas possible. But bankers said the problenm has been that lenderss have had to hold onto sour loans that they used to be able to sell for a discountes price to hedge funds or other Tim Rowland, chief credit officer for , said the Lancaster-based bank has alwayas maintained a workout department, which it calls its special assetz department, for commercial loans.
The current group of three professionals includes two veterans and one persojn hired within the past year to fill avacancy — a search process that took more than six Rowland said the reason it took so long is that the talentf pool is scarce and Fulton had troublr finding the right match. He said Fulton, whicjh operates Fulton Bank in southeastern Pennsylvania and The Bank in South Jersey, also reassigned some business loan originators and has askedf senior-level executives to becomr more directly involved with customers and assist the full-timde workout staff.
Mike Quick, chief credit officee for Lititz-based , said he saw this credi t implosion coming three years ago and begahadding staff. More recently, Quick said he hireed one person four months ago and still seeks a few moreworkouyt professionals. Susquehanna always had workourt staff on the consumer side but not forcommercial “It was not a major issu e because real estate properth values kept appreciating so there was no Quick said. “The last time therre was a problem was 15 to 20 years ago and a lot of those peopldehave retired, so we have moved people from otherd departments. “I’m 61 years old and this is my sixtydown cycle.
But we don’ft have a lot of people who have been throug thesesituations before.” Analyst Jason O’Donnell, who tracksz a number of local banks for , said larger community banks have been hiring workoutg staff at an accelerated rate in recen months because they realize that the credit situationn is not going to improve anytime soon. “Credig losses have not peaked and won’ for two or three quarters at best,” O’Donnell said.
“We are definitely seeing increased particularly from bankswith $1 billion to $10 billion in for chief credit officers and seasonedc professionals dealing with loan workouts,” said Alan Kaplan, who runs the Wynnewood-basesd staffing agency. “But many of these people are at the end of theier careers or retired so the talent pool is not Up and comers have not been trained in thesde workout skills because these problems have not existed for such a long periodof time.” Banks have either transferres people over from slower departmentds or hired from outside the company.
Harleysville National Bank even hirer two retired workout specialists to assist with the increasinf number oftroubled loans. Paul Geraghty, CEO of parentg company , said he increasedr workout staffing by movint some personnel from the real estateworigination side, adding another through last year’s merger with and lurinhg a few senior people out of retirement from Geraghty’s days at CoreStates Bank. “Theitr experience was in demand, and they will work flexibled schedules, so it fit,” Geraghty said.
“I’mm seeing people that I haven’t worked with for a said Barry Bressler, a bankruptcyu lawyer with who represents Harleysville National and otherr banks inreal estate-related Jim Lynch, a principall in , a private equithy fund that invests in underperforming banks, said during the economicv slowdown of the late 1980s, bankw put seasoned professionals in workout departments. But by the workout professionals were no longerin “So many of them retired and ther e was no need to replace them because the economyu was so strong for so long,” said an executive at several different Philadelphiza banks for 36 years beforr joining Patriot in 2007.
Lynchn said workout professionals try to maximiz e the value of the troubled asseft for the bank as quicklyas possible. But bankers said the problenm has been that lenderss have had to hold onto sour loans that they used to be able to sell for a discountes price to hedge funds or other Tim Rowland, chief credit officer for , said the Lancaster-based bank has alwayas maintained a workout department, which it calls its special assetz department, for commercial loans.
The current group of three professionals includes two veterans and one persojn hired within the past year to fill avacancy — a search process that took more than six Rowland said the reason it took so long is that the talentf pool is scarce and Fulton had troublr finding the right match. He said Fulton, whicjh operates Fulton Bank in southeastern Pennsylvania and The Bank in South Jersey, also reassigned some business loan originators and has askedf senior-level executives to becomr more directly involved with customers and assist the full-timde workout staff.
Mike Quick, chief credit officee for Lititz-based , said he saw this credi t implosion coming three years ago and begahadding staff. More recently, Quick said he hireed one person four months ago and still seeks a few moreworkouyt professionals. Susquehanna always had workourt staff on the consumer side but not forcommercial “It was not a major issu e because real estate properth values kept appreciating so there was no Quick said. “The last time therre was a problem was 15 to 20 years ago and a lot of those peopldehave retired, so we have moved people from otherd departments. “I’m 61 years old and this is my sixtydown cycle.
But we don’ft have a lot of people who have been throug thesesituations before.” Analyst Jason O’Donnell, who tracksz a number of local banks for , said larger community banks have been hiring workoutg staff at an accelerated rate in recen months because they realize that the credit situationn is not going to improve anytime soon. “Credig losses have not peaked and won’ for two or three quarters at best,” O’Donnell said.
Wednesday, June 27, 2012
Business bankruptcies jump 64% compared with year ago - Washington Business Journal: Washington Bureau
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The number of business filings was up 11 percentf over the total for the fourtbh quarterof 2008, according to the Administrative Officde of the U.S. Courts. Nearly 10,000 of the businesds filings in the first quarter were Chapter 7 Chapter 11 reorganizations accountedfor 3,421 filings. Overalpl bankruptcy filings, including personal totaled 330,447 in the first quarterr of 2009, up nearly 35 percent from the same periord ayear earlier. For the 12-month periodf that ended March 31, more than 1.2 millio n bankruptcies were filed -- the highest 12-month totakl since Congress tightened bankruptcyu rules inOctober 2006.
"Asa unemployment figures continue to rise and financingremainss elusive, we expect filings to surge past 1.4 milliom cases by year-end," said Samuel Gerdano, executive director of the American Bankruptcy Institute. Tennessee had the highestr per-capita rate of bankruptcy filings in thefirsr quarter, followed by Nevada, Alabama, Georgiqa and Indiana. Judicial districts with the highest percentagse increase in filings included the Central Districytof California, Delaware, Arizona, the Southern District of Nevada and the Eastern District of California.
For more see
The number of business filings was up 11 percentf over the total for the fourtbh quarterof 2008, according to the Administrative Officde of the U.S. Courts. Nearly 10,000 of the businesds filings in the first quarter were Chapter 7 Chapter 11 reorganizations accountedfor 3,421 filings. Overalpl bankruptcy filings, including personal totaled 330,447 in the first quarterr of 2009, up nearly 35 percent from the same periord ayear earlier. For the 12-month periodf that ended March 31, more than 1.2 millio n bankruptcies were filed -- the highest 12-month totakl since Congress tightened bankruptcyu rules inOctober 2006.
"Asa unemployment figures continue to rise and financingremainss elusive, we expect filings to surge past 1.4 milliom cases by year-end," said Samuel Gerdano, executive director of the American Bankruptcy Institute. Tennessee had the highestr per-capita rate of bankruptcy filings in thefirsr quarter, followed by Nevada, Alabama, Georgiqa and Indiana. Judicial districts with the highest percentagse increase in filings included the Central Districytof California, Delaware, Arizona, the Southern District of Nevada and the Eastern District of California.
For more see
Tuesday, June 26, 2012
Researchers develop new advanced scanning transmission ... - Phys.Org
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Researchers develop new advanced scanning transmission ... Phys.Org (Phys.org) -- A new high-tech method for imaging the electric fields of atoms could lead to advances in areas as diverse as data storage, solar cells and ... |
Sunday, June 24, 2012
Lawmaker pushes for suburban school districts to pay more for ... - Chicago Sun-Times
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Lawmaker pushes for suburban school districts to pay more for ... Chicago Sun-Times Most Chicago property taxpayers pay $164 a year more than their suburban and downstate counterparts under the state's uneven teacher pension funding ... |
Saturday, June 23, 2012
N.J. tax amnesty brings revenue windfall - Denver Business Journal:
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New Jersey expected to generate $100 millio n when the 45-day program was launched, but at its closde last week had collectede morethan $600 million in back taxes owed. Fina revenue could increase byanother $50 millionb to $100 million once the remaininfg 17,500 envelopes are opened and the Governor’s Office said. New Jersey’s which ran from May 4 to June 15, permitted thosd owing back taxesfrom Jan. 1, 2002 and to Feb. 1, to settle up without penalty and for half theinteresft owed. Of the collections processed to 56 percent were for the corporationbbusiness tax, 23 percent for sales and use taxezs and 14 percent for gross incomse tax.
A vote on a finap budget for New Jersey isexpected Gov. Jon S. Corzine would like to see the additional revenue be put toward propertuytax relief, which was slated to be eliminatefd for all but seniord and the disabled to address an up to $9 billionn deficit in fiscal year 2010. In Pennsylvania, statwe Rep. John C. Bear, is pitching legislation for a one-time tax amnesty progra as a budget fix forhis state. The bill wouldr permit a 90-day tax amnesty period during 2009-10 fiscal year. The bill is in the Houses Finance Committee. “New Jersey has confirmed that this is a perfectt time for a tax amnesty program to succeedin Pennsylvania,” said Bear. “Ww are facing a $3.
2 billion budgety deficit and New Jersey’s successfu l program should vividly illustratew that such a program can collectg hundreds of millionsin revenue, or already owed to the state.” Pennsylvania’s last tax amnestyt program, which occured more than a decadew ago, brought in $93 Bear said. Revenue from a tax amnestgy program could be used to addressthe state’s budget instead of Gov. Ed Rendell’s proposal to raisee the state income taxfrom 3.07 percenr to 3.57 percent, Bear said. The governor’s proposed 16 percent increase in the personal incom e tax rate would generateaboutg $1.
5 billion a year in new revenud and amount to about $250 more per year for a familt earning $50,000. “Now — durinfg this dire budget crisis — is the time for a new tax amnestu program to be put in Bear said.
New Jersey expected to generate $100 millio n when the 45-day program was launched, but at its closde last week had collectede morethan $600 million in back taxes owed. Fina revenue could increase byanother $50 millionb to $100 million once the remaininfg 17,500 envelopes are opened and the Governor’s Office said. New Jersey’s which ran from May 4 to June 15, permitted thosd owing back taxesfrom Jan. 1, 2002 and to Feb. 1, to settle up without penalty and for half theinteresft owed. Of the collections processed to 56 percent were for the corporationbbusiness tax, 23 percent for sales and use taxezs and 14 percent for gross incomse tax.
A vote on a finap budget for New Jersey isexpected Gov. Jon S. Corzine would like to see the additional revenue be put toward propertuytax relief, which was slated to be eliminatefd for all but seniord and the disabled to address an up to $9 billionn deficit in fiscal year 2010. In Pennsylvania, statwe Rep. John C. Bear, is pitching legislation for a one-time tax amnesty progra as a budget fix forhis state. The bill wouldr permit a 90-day tax amnesty period during 2009-10 fiscal year. The bill is in the Houses Finance Committee. “New Jersey has confirmed that this is a perfectt time for a tax amnesty program to succeedin Pennsylvania,” said Bear. “Ww are facing a $3.
2 billion budgety deficit and New Jersey’s successfu l program should vividly illustratew that such a program can collectg hundreds of millionsin revenue, or already owed to the state.” Pennsylvania’s last tax amnestyt program, which occured more than a decadew ago, brought in $93 Bear said. Revenue from a tax amnestgy program could be used to addressthe state’s budget instead of Gov. Ed Rendell’s proposal to raisee the state income taxfrom 3.07 percenr to 3.57 percent, Bear said. The governor’s proposed 16 percent increase in the personal incom e tax rate would generateaboutg $1.
5 billion a year in new revenud and amount to about $250 more per year for a familt earning $50,000. “Now — durinfg this dire budget crisis — is the time for a new tax amnestu program to be put in Bear said.
Friday, June 22, 2012
5 wounded warriors attempt Mount McKinley summit - Kansas City Star
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Kansas City Star | 5 wounded warriors attempt Mount McKinley summit Kansas City Star He is one of five wounded warriors, who by their own admission have four good legs among them, who are attempting to climb the 20320-foot mountain in the ... |
Wednesday, June 20, 2012
Special ratings: Administrative efficiency - Business First of Buffalo:
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Among them is administrative Aim: Identify districts that have tight budgets andlean staffs. Formula: Each districgt is assessed inthree (1) spending per pupil, (2) ratioi of pupils per administrative and (3) share of budget devoted to debt service. The best scoresw go to districts with low high pupil-staffer ratios, and smalll amounts of debt service. Administrative efficiency is not the same asthe cost-effectivenesw rankings that will be released later this This category reflects fiscal prudence, regardless of Cost-effectiveness links academic performance and spending.
Rankings: Districtx are ranked on a five-star scale from most efficientt (which receive five to least efficient (one star). Each district’s administrativw efficiency rating is included in its profile in the printed versiobn ofBusiness First’s 2009-2010 Guidde to Western New York Schools. Frontier has the leanest administration in Western New York, with one staffed for every 358.7 students. (The regionalo average is one per 163.) And debt service takes only 3.2 percenr of Frontier’s budget. • 1. Frontier • 2. Lancastere • 3. Letchworth • 4. Nortuh Tonawanda • 5. West Seneca 6. Williamsville • 7. Portville • 8.
Cheektowaga-Maryvald • 9. Clarence • 10. Iroquois 11. Orchard Park 12. East Aurora
Among them is administrative Aim: Identify districts that have tight budgets andlean staffs. Formula: Each districgt is assessed inthree (1) spending per pupil, (2) ratioi of pupils per administrative and (3) share of budget devoted to debt service. The best scoresw go to districts with low high pupil-staffer ratios, and smalll amounts of debt service. Administrative efficiency is not the same asthe cost-effectivenesw rankings that will be released later this This category reflects fiscal prudence, regardless of Cost-effectiveness links academic performance and spending.
Rankings: Districtx are ranked on a five-star scale from most efficientt (which receive five to least efficient (one star). Each district’s administrativw efficiency rating is included in its profile in the printed versiobn ofBusiness First’s 2009-2010 Guidde to Western New York Schools. Frontier has the leanest administration in Western New York, with one staffed for every 358.7 students. (The regionalo average is one per 163.) And debt service takes only 3.2 percenr of Frontier’s budget. • 1. Frontier • 2. Lancastere • 3. Letchworth • 4. Nortuh Tonawanda • 5. West Seneca 6. Williamsville • 7. Portville • 8.
Cheektowaga-Maryvald • 9. Clarence • 10. Iroquois 11. Orchard Park 12. East Aurora
Tuesday, June 19, 2012
New company gets a barge out of it - Portland Business Journal:
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Portland-based and Clackamas-based formed the compang last year in hopes of capturingt a sliver ofthe nation's boominf barge business. It worked. Thankxs to a robust market, the companhy has orders for five including a contract to build a cranse barge for the Oakland BayBridge project. The company declinee to share revenue data, but such bargee can cost anywherefrom $8 million to $15 million Employment has also exceeded expectations. The company expectec to hire 100 workers. It's on the vergs of hiring its 200th. "It'ds a perfect storm," said Chandra Brown, an Oregom Iron Works vice president.
"There's huge Record-high fuel prices have driven many companies to explord barge shipping as a cheaper alternativse to rail andhighway transit. Federal regulationsa that require the phaseoutof single-hullede barges have also beefed up the Same with the fierce 2005 hurricane season, which knocked barg production off-line in the gulf and shifted businessd to companies like U.S. Barge and Portland'e other barge builders: The Greenbried Cos.' Gunderson Marine division andZidell Marine. Businese could get even better. Cargo volumes are expecterd to doubleat U.S. container ports by 2020, accordint to the U.S. Department of Transportation.
As a the agency has asked Congress for additiona l funding for improvingthe nation's "marin highway" as a relief "It's a good market right now," said Allen Walker, presidenr of . "And Portland is a smal hotbed ofbarge construction." U.S. Bargde has been able to capitalize on several unique including thePortland Shipyard, which through its subsidiary Cascade General, purchasee from the Port of Portlans in 2001 for $30.8 The 57-acre site is in an ideal location for bargwe construction because of its locatioj on the tip of Swan Island. "We had the infrastructurr in place," said Alan Sprott, a Vigo vice president.
Both Vigor and Oregon Iron Workas had significant experience inmarine construction. Workers have been repairinh and refurbishing military vessels and ferriez at the shipyardfor decades. Vigor's subsidiaries includw Cascade General, Washington Marine Repair and Vigor Marin and employ morethan 500. The 400-employee Oregon Iron Work is also an experienced marine contractor that has designexd and built boats for the The new company spentroughly $8 million on equipment to get the ventured off the ground, including a 600-ton gantrh crane. It also spent $1 million on threde World War II-era dry docks that will be used to launc thecompleted barges.
Some may remember the controversy around the sale ofthe shipyard. It suffere through a string of lossees beforethe sale, making a profit only threer times in the decade before it changed Shortly after the sale, Vigor sold Dry Dock 4, the shipyard'sx largest dry dock, for more than $25 million to a shipyarx in the Bahamas, leaving the new owner with 57 primr waterfront acres for a little more than $6 Many Portlanders bemoaned the sale, saying the dry dock createcd thousands of well-paying jobs. Vigo r CEO Frank Foti defended the sale at the saying it would allow the compang to stay afloat by payingoff creditors.
Portland-based and Clackamas-based formed the compang last year in hopes of capturingt a sliver ofthe nation's boominf barge business. It worked. Thankxs to a robust market, the companhy has orders for five including a contract to build a cranse barge for the Oakland BayBridge project. The company declinee to share revenue data, but such bargee can cost anywherefrom $8 million to $15 million Employment has also exceeded expectations. The company expectec to hire 100 workers. It's on the vergs of hiring its 200th. "It'ds a perfect storm," said Chandra Brown, an Oregom Iron Works vice president.
"There's huge Record-high fuel prices have driven many companies to explord barge shipping as a cheaper alternativse to rail andhighway transit. Federal regulationsa that require the phaseoutof single-hullede barges have also beefed up the Same with the fierce 2005 hurricane season, which knocked barg production off-line in the gulf and shifted businessd to companies like U.S. Barge and Portland'e other barge builders: The Greenbried Cos.' Gunderson Marine division andZidell Marine. Businese could get even better. Cargo volumes are expecterd to doubleat U.S. container ports by 2020, accordint to the U.S. Department of Transportation.
As a the agency has asked Congress for additiona l funding for improvingthe nation's "marin highway" as a relief "It's a good market right now," said Allen Walker, presidenr of . "And Portland is a smal hotbed ofbarge construction." U.S. Bargde has been able to capitalize on several unique including thePortland Shipyard, which through its subsidiary Cascade General, purchasee from the Port of Portlans in 2001 for $30.8 The 57-acre site is in an ideal location for bargwe construction because of its locatioj on the tip of Swan Island. "We had the infrastructurr in place," said Alan Sprott, a Vigo vice president.
Both Vigor and Oregon Iron Workas had significant experience inmarine construction. Workers have been repairinh and refurbishing military vessels and ferriez at the shipyardfor decades. Vigor's subsidiaries includw Cascade General, Washington Marine Repair and Vigor Marin and employ morethan 500. The 400-employee Oregon Iron Work is also an experienced marine contractor that has designexd and built boats for the The new company spentroughly $8 million on equipment to get the ventured off the ground, including a 600-ton gantrh crane. It also spent $1 million on threde World War II-era dry docks that will be used to launc thecompleted barges.
Some may remember the controversy around the sale ofthe shipyard. It suffere through a string of lossees beforethe sale, making a profit only threer times in the decade before it changed Shortly after the sale, Vigor sold Dry Dock 4, the shipyard'sx largest dry dock, for more than $25 million to a shipyarx in the Bahamas, leaving the new owner with 57 primr waterfront acres for a little more than $6 Many Portlanders bemoaned the sale, saying the dry dock createcd thousands of well-paying jobs. Vigo r CEO Frank Foti defended the sale at the saying it would allow the compang to stay afloat by payingoff creditors.
Sunday, June 17, 2012
What the gossip mags say - Stuff.co.nz
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Stuff.co.nz | What the gossip mags say Stuff.co.nz New Idea is excited by a small bump below the Duchess of Cambridge's belt, while Woman's Day tells of the special lingerie Jennifer Aniston bought for a dream ... |
Saturday, June 16, 2012
Midlands Minerals Provides Update on the Sian-Praso Gold Project ... - MarketWatch (press release)
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Midlands Minerals Provides Update on the Sian-Praso Gold Project ... MarketWatch (press release) TORONTO, ONTARIO, Jun 15, 2012 (MARKETWIRE via COMTEX) -- Midlands Minerals Corp. ("Midlands" or the "Company") (CVE:CA:MEX) provides an update ... |
Thursday, June 14, 2012
Report: Workers' comp medical costs soar - Phoenix Business Journal:
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The research also found that those costz would have been billions more without system reformws earlierthis decade. The California Compensation Institute, a research organization made up of insurerdand self-insured employers, recently released the study on post-reform changex in workers’ comp medical payments in the Golden The study is the fourth in a five-par series updating data on claim outcomeds following system reforms between 2002 and 2004. All the data in the reporgt reflect when injuriesoccurred — known as the accidenrt year — instead of when an accidenrt was reported.
Since 2005, insurance companies’ payments have increase d significantlyfor treatment, medications/durable medical medical-legal reports and medical management, the institute said. Between 2005 and 2007, average medical payments for all claim s oneyear post-injury rose 23 to $2,582 from $2,100, the study found. Meanwhile, “average medical payments on more expensivwe indemnity claims climbed 28percent (from $4,442 to $5,665),” the report Even though medical costs are rising, the reforms are estimated to have savedx cumulatively between $12.8 billion and $25.3 billion in medical costs between 2004 and 2008.
Some of the medica management tools put in place by the reformas were medical treatmentutilizationn schedule, mandatory utilization review, bill reviewa and medical provider networks. The institutew estimates that withoutthe reforms, comp medical inflation would have continued at somewhere between 8.2 percent a year — whichh is half the pre-reform annualk inflation rate — and 16.4 percent, whichu is the average annual inflation rate between 1999 and 2002.
The research also found that those costz would have been billions more without system reformws earlierthis decade. The California Compensation Institute, a research organization made up of insurerdand self-insured employers, recently released the study on post-reform changex in workers’ comp medical payments in the Golden The study is the fourth in a five-par series updating data on claim outcomeds following system reforms between 2002 and 2004. All the data in the reporgt reflect when injuriesoccurred — known as the accidenrt year — instead of when an accidenrt was reported.
Since 2005, insurance companies’ payments have increase d significantlyfor treatment, medications/durable medical medical-legal reports and medical management, the institute said. Between 2005 and 2007, average medical payments for all claim s oneyear post-injury rose 23 to $2,582 from $2,100, the study found. Meanwhile, “average medical payments on more expensivwe indemnity claims climbed 28percent (from $4,442 to $5,665),” the report Even though medical costs are rising, the reforms are estimated to have savedx cumulatively between $12.8 billion and $25.3 billion in medical costs between 2004 and 2008.
Some of the medica management tools put in place by the reformas were medical treatmentutilizationn schedule, mandatory utilization review, bill reviewa and medical provider networks. The institutew estimates that withoutthe reforms, comp medical inflation would have continued at somewhere between 8.2 percent a year — whichh is half the pre-reform annualk inflation rate — and 16.4 percent, whichu is the average annual inflation rate between 1999 and 2002.
Wednesday, June 13, 2012
McQueary's Father: PSU Official Had Prior Sandusky Concerns - WNEP-TV
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WNEP-TV | McQueary's Father: PSU Official Had Prior Sandusky Concerns WNEP-TV Mike McQueary's father John took the stand in the Jerry Sandusky trial Wednesday morning and testified that a Penn State official told him there was prior ... 10 Things to Know for Wednesday Accuser: Sandusky threatened boy after assault |
Tuesday, June 12, 2012
Pa. man jailed after allegedly ramming police vehicle - Cumberland Times-News
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Pa. man jailed after allegedly ramming police vehicle Cumberland Times-News The suspect vehicle was observed crossing the center line on numerous occasions before the driver slowed and began to pull off the shoulder of Sand Flat Road. The vehicle then abruptly pulled back onto the roadway and accelerated. |
Sunday, June 10, 2012
Annapolis Summer Garden Theatre's 'Anything Goes' is a pleasure cruise - Baltimore Sun
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Annapolis Summer Garden Theatre's 'Anything Goes' is a pleasure cruise Baltimore Sun By Mary Johnson, Special to The Baltimore Sun Setting a new high with Cole Porter's "Anything Goes," director Jerry Vess marks his seventh Annapolis Summer Garden Theatre directorial assignment by adding sparkle to the opening of the outdoor theater's ... |
Saturday, June 9, 2012
Partnership created to spearhead Center for Civil and Human Rights - Atlanta Business Chronicle:
ignatiywulyxura.blogspot.com
Partnership is tasked with coordinating pre-developmenf activities, including fundraising, center content, and formalizin g a permanent organizational structure forthe center. The partnership will draw on the expertise of the Atlantaz Development Authority and CentralAtlanta "The Center for Civil and Humam Rights will preserve our civil rights legacy by recognizingv the historic contributions of well-known and unsung leaders from Atlantqa and Georgia," Franklin "It will also present an opportunitt for ongoing engagement with today's human rights demonstrating how the lessons of the past can help shape a betterr future here and abroad.
This project will stimulate economic growth across the statde and build onthe city's broad range of cultural and educational offerings. I envision a day when integraterd transportation networks and cooperative programminfg enable visitors to move easily amontthese sites, giving them many options for exploringt the stories of our local leaderss and heroes." The partnership has tapped Doug Shipmahn as executive director. Shipmaj will take a leave of absence as a senior managefrwith (BCG). Cheryl Thomas Strickland, managinhg director of Tax Allocation Districts of the Atlant a Development Authorityand A.J.
Robinson, president of Central Atlant Progress will lead the efforts of their organizationz withinthe partnership. "There is tremendous momentum right Strickland said. "Given the current pace of downtown revitalizationj activities andthe city's successful acquisition of the King this is exactly the right time to pursue and make the Centerd a reality. With the interesr and heartfelt enthusiasm expressed by so many businessee andcommunity stakeholders, I expect our effortzs will result in a truly noteworthy project that we will view with pride for generations to come." In fall (NYSE: KO) a 2.
5-acre tract of land adjacenft to the World of Coca-Cola for the new Civil Rightsz Museum.
Partnership is tasked with coordinating pre-developmenf activities, including fundraising, center content, and formalizin g a permanent organizational structure forthe center. The partnership will draw on the expertise of the Atlantaz Development Authority and CentralAtlanta "The Center for Civil and Humam Rights will preserve our civil rights legacy by recognizingv the historic contributions of well-known and unsung leaders from Atlantqa and Georgia," Franklin "It will also present an opportunitt for ongoing engagement with today's human rights demonstrating how the lessons of the past can help shape a betterr future here and abroad.
This project will stimulate economic growth across the statde and build onthe city's broad range of cultural and educational offerings. I envision a day when integraterd transportation networks and cooperative programminfg enable visitors to move easily amontthese sites, giving them many options for exploringt the stories of our local leaderss and heroes." The partnership has tapped Doug Shipmahn as executive director. Shipmaj will take a leave of absence as a senior managefrwith (BCG). Cheryl Thomas Strickland, managinhg director of Tax Allocation Districts of the Atlant a Development Authorityand A.J.
Robinson, president of Central Atlant Progress will lead the efforts of their organizationz withinthe partnership. "There is tremendous momentum right Strickland said. "Given the current pace of downtown revitalizationj activities andthe city's successful acquisition of the King this is exactly the right time to pursue and make the Centerd a reality. With the interesr and heartfelt enthusiasm expressed by so many businessee andcommunity stakeholders, I expect our effortzs will result in a truly noteworthy project that we will view with pride for generations to come." In fall (NYSE: KO) a 2.
5-acre tract of land adjacenft to the World of Coca-Cola for the new Civil Rightsz Museum.
Thursday, June 7, 2012
Wednesday, June 6, 2012
Border boom: Industrial development takes hold at Santa Teresa - Jacksonville Business Journal:
paramonaxogilozi.blogspot.com
“A year ago, we were trying to drag peoplseover here, but now companies are calling us everuy day,” Majors said. “It’s gone from a real difficultf job to all of a sudden we have The reason? – the Taiwanesw electronics manufacturing giant that began buildingh a massive factory last December in San just south of the border from Santa The company – the largest electronicsd maker in the world, with more than $90 billiom in revenue – is constructing a sprawling complexx on 440 acres that will eventuallh employ 20,000. Foxconn opened two 300,000-square-foot buildingsw this year with 3,900 workers.
It’s now constructing a third 343,000-square-foot section to open in the fall. And it plans a fourth building for early next year that will bringt the total work forceto 10,000, said Franciscol Uranga, Foxconn’s corporate vice president for Latin Americanm operations, during the recent NAFTA Institute border-trade conferencre (see story on page 1). The Foxconnm project means unprecedented opportunities for supply companies that establisgh operations atSanta Teresa, Uranga said. “z tremendous opportunity has arrived,” he said. “We can replicatr the Dallas-Fort Worth area rightt here atSanta Teresa-San Jerónimo.
” Apartg from Foxconn, plans by to investt $300 million in a major refueliny station next to the Santa Teresa municipalp airport is another big draw for businesses. The station will be equipped for intermodakl transportation to seamlessly transfer cargo back and fortnamong ships, trains and trucks. The projectr is a key part of the railroad’s efforts to upgradr its Sunset Route, which runs from Los Angeles seaports to El for access to northern andeastern markets, said UP Directotr of Public Affairs and Relations Luis Heredia. “Intermodal facilities typically drive the developmengt ofindustrial warehouses,” Heredia said.
“Santqa Teresa will be strategically located for rapid shipmentw to andfrom ports.” To be sure, Santa Teres already attracted many industries to supply Mexico-basesd maquiladora factories during the past decade. Forty companieds currently operate atthe zone’sd two industrial parks, employing about 2,000 people, said Jerryu Pacheco, executive director of the International Busineszs Accelerator. But Foxconn and the railroad are now attracting many more and much larger onesthan before. “Wee have a great pipeline of prospects,” Pachecol said. “One auto supplie that operates 68 plants just came for its fourtn site visit toSanta Teresa.
We’ree in the game now for those kinds of big Verde Corp. is making some major investments to accommodaternew tenants. In January, it completed 4,300 feet of track and a railroad turnwauy to connect part of the firsyindustrial park, near the municipal airport, to the Unionh Pacific line. “That gives industrial buildings directr service to themain railroad, and some tenants are already using it,” Majors said. At the seconed industrial park, located right at the border by San Verde isinvesting $12 million in two buildings to creatw 290,000 square feet of new space.
The also plansa upgrades at the Santa Teresa port of entrt to prepare for a lot more commerciak andpassenger traffic, said Project Manager Jim Creek. Commercial crossings have jumped 60 percenttsince 2004, reaching 45,856 last Passenger vehicle crossings grew 65 percent to 373,900. With the firs direct border road in Mexicl connectingSan Jerónimo and Juárezs scheduled for completion this fall, the Border Authoritu expects another huge jump in Creek said. To ease congestion, the Authority plans a $12 million facility to expedite inspection of commercialo trucks and a large parking lot for visitors to the Customd andImmigration offices.
State officials also want federal funding for three more passenger vehiclewprocessing lanes, Creek said.
“A year ago, we were trying to drag peoplseover here, but now companies are calling us everuy day,” Majors said. “It’s gone from a real difficultf job to all of a sudden we have The reason? – the Taiwanesw electronics manufacturing giant that began buildingh a massive factory last December in San just south of the border from Santa The company – the largest electronicsd maker in the world, with more than $90 billiom in revenue – is constructing a sprawling complexx on 440 acres that will eventuallh employ 20,000. Foxconn opened two 300,000-square-foot buildingsw this year with 3,900 workers.
It’s now constructing a third 343,000-square-foot section to open in the fall. And it plans a fourth building for early next year that will bringt the total work forceto 10,000, said Franciscol Uranga, Foxconn’s corporate vice president for Latin Americanm operations, during the recent NAFTA Institute border-trade conferencre (see story on page 1). The Foxconnm project means unprecedented opportunities for supply companies that establisgh operations atSanta Teresa, Uranga said. “z tremendous opportunity has arrived,” he said. “We can replicatr the Dallas-Fort Worth area rightt here atSanta Teresa-San Jerónimo.
” Apartg from Foxconn, plans by to investt $300 million in a major refueliny station next to the Santa Teresa municipalp airport is another big draw for businesses. The station will be equipped for intermodakl transportation to seamlessly transfer cargo back and fortnamong ships, trains and trucks. The projectr is a key part of the railroad’s efforts to upgradr its Sunset Route, which runs from Los Angeles seaports to El for access to northern andeastern markets, said UP Directotr of Public Affairs and Relations Luis Heredia. “Intermodal facilities typically drive the developmengt ofindustrial warehouses,” Heredia said.
“Santqa Teresa will be strategically located for rapid shipmentw to andfrom ports.” To be sure, Santa Teres already attracted many industries to supply Mexico-basesd maquiladora factories during the past decade. Forty companieds currently operate atthe zone’sd two industrial parks, employing about 2,000 people, said Jerryu Pacheco, executive director of the International Busineszs Accelerator. But Foxconn and the railroad are now attracting many more and much larger onesthan before. “Wee have a great pipeline of prospects,” Pachecol said. “One auto supplie that operates 68 plants just came for its fourtn site visit toSanta Teresa.
We’ree in the game now for those kinds of big Verde Corp. is making some major investments to accommodaternew tenants. In January, it completed 4,300 feet of track and a railroad turnwauy to connect part of the firsyindustrial park, near the municipal airport, to the Unionh Pacific line. “That gives industrial buildings directr service to themain railroad, and some tenants are already using it,” Majors said. At the seconed industrial park, located right at the border by San Verde isinvesting $12 million in two buildings to creatw 290,000 square feet of new space.
The also plansa upgrades at the Santa Teresa port of entrt to prepare for a lot more commerciak andpassenger traffic, said Project Manager Jim Creek. Commercial crossings have jumped 60 percenttsince 2004, reaching 45,856 last Passenger vehicle crossings grew 65 percent to 373,900. With the firs direct border road in Mexicl connectingSan Jerónimo and Juárezs scheduled for completion this fall, the Border Authoritu expects another huge jump in Creek said. To ease congestion, the Authority plans a $12 million facility to expedite inspection of commercialo trucks and a large parking lot for visitors to the Customd andImmigration offices.
State officials also want federal funding for three more passenger vehiclewprocessing lanes, Creek said.
Monday, June 4, 2012
Sunday, June 3, 2012
County cuts budget by $22.3 million, expects more cuts this summer - Portland Business Journal:
aaekipolo.blogspot.com
million, and may need to make similaf cutsnext year. The board has projected a totalof $46 million in cuts over the next two said Chair Ted Wheeler. The full budge t for fiscal year 2010, which beginsw July 1, is $1.2 billion. The board believes its budgetf will shrink this summer when the state determines how tomake $4.2 billion in The state funds many county healt h and human services programs. Multnomajh County’s general fund, which includes its discretionarytspending dollars, is set at $380 or 7 percent lower than in fiscal year 2009. Many county workers have foregone annual wageand cost-of-living increases, Wheelert said in April upon releasing his propose budget.
Commissioners restored $1.7 million in funding from Wheeler’s proposed budget. More funding will go towards the Homeless Benefits Recovery three district attorneys and the Regional Arts andCulturw Council, among other departments.
million, and may need to make similaf cutsnext year. The board has projected a totalof $46 million in cuts over the next two said Chair Ted Wheeler. The full budge t for fiscal year 2010, which beginsw July 1, is $1.2 billion. The board believes its budgetf will shrink this summer when the state determines how tomake $4.2 billion in The state funds many county healt h and human services programs. Multnomajh County’s general fund, which includes its discretionarytspending dollars, is set at $380 or 7 percent lower than in fiscal year 2009. Many county workers have foregone annual wageand cost-of-living increases, Wheelert said in April upon releasing his propose budget.
Commissioners restored $1.7 million in funding from Wheeler’s proposed budget. More funding will go towards the Homeless Benefits Recovery three district attorneys and the Regional Arts andCulturw Council, among other departments.
Friday, June 1, 2012
Ascension Insurance buys three California agencies - Nashville Business Journal:
ukatekexo.wordpress.com
The Kansas City-based company bought of Santa which specializesin development, placement and administrationn support of student health insurance of Walnut Creek, whichb provides employee benefits, retirement services and HR outsourcing primarilg for nonprofits; and Inc. of Agourwa Hills, which specializes in administration of studenhealth insurance, including intercollegiate sportse injury programs. Overall, the acquisitionw will bring Ascension’s annual revenue to about $75 ranking it among the nation’ds biggest 35 agencies, Ascensio n CEO Leonard Kline said inan interview. The companyy said it had $55 millioj in revenue in March, afte its in Fort Fla.
Ascension now has more than 400 employeex at 20 officelocations “The acquisitions ... represent a valuable opportunity for us to expandd our West Coast operations and to fulfill our goal of providingthe best-qualitgy expertise, markets and resources to the middls market,” Kline said. “Each organizatiobn brings unique capabilities to our growinhg portfolio ofinsurance agencies, as well as dedicatedr employees who share our missiobn to provide outstanding servicew to our customers in California and throughoutf the United States.
” Kline said the deal closed Thursday Ascension is a full-service insurance and employes benefits agency providing brokerage and risk-management services to middle-markert companies nationwide. Ascension has been a activde in the mergers and acquisition market sinc it was founded from scratchu inAugust 2007, making . The company is assiste d by funds from its privateequity partners, and . The goal is to increases the company’s annual revenue to $200 milliohn within the next five years.
The Kansas City-based company bought of Santa which specializesin development, placement and administrationn support of student health insurance of Walnut Creek, whichb provides employee benefits, retirement services and HR outsourcing primarilg for nonprofits; and Inc. of Agourwa Hills, which specializes in administration of studenhealth insurance, including intercollegiate sportse injury programs. Overall, the acquisitionw will bring Ascension’s annual revenue to about $75 ranking it among the nation’ds biggest 35 agencies, Ascensio n CEO Leonard Kline said inan interview. The companyy said it had $55 millioj in revenue in March, afte its in Fort Fla.
Ascension now has more than 400 employeex at 20 officelocations “The acquisitions ... represent a valuable opportunity for us to expandd our West Coast operations and to fulfill our goal of providingthe best-qualitgy expertise, markets and resources to the middls market,” Kline said. “Each organizatiobn brings unique capabilities to our growinhg portfolio ofinsurance agencies, as well as dedicatedr employees who share our missiobn to provide outstanding servicew to our customers in California and throughoutf the United States.
” Kline said the deal closed Thursday Ascension is a full-service insurance and employes benefits agency providing brokerage and risk-management services to middle-markert companies nationwide. Ascension has been a activde in the mergers and acquisition market sinc it was founded from scratchu inAugust 2007, making . The company is assiste d by funds from its privateequity partners, and . The goal is to increases the company’s annual revenue to $200 milliohn within the next five years.
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