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U.S. workers spend plenty of time behind the wheel -- driving an average of 25.07 minutes to their jobs, then reversinv the route at day's end. That equals 209 hourss of commuting over the course of a Many of those hours are farfrom relaxing. Traffic jams are becoming increasingly commonon America's expresswayws -- as are boredom, frustration and road "Highway growth in the last 20 years has been less than 5 It certainly hasn't kept up with population growth and urbanj sprawl," says Joe vice president of products and operations at Navteq which monitors traffic conditions in 108 "The result," he says, "has been much more volatilitty on the road. It adds up to a perfecgt stormin traffic.
" Nowhere is this problem more severe than New York which ranks as America's worst markeg for commuters, according to a new Bizjournals study. Nearl y 6 million workers leave their homesin Connecticut, New Long Island, the Hudson Valley and the city itself each weekday clogging New York's intricate web of bridges and tunnels. The typical morninhg commute in the New York City area takes almos36 minutes, longer than anywhere else in America. Nearly 460,000 New York road warrior spend at least 90 minutes battling theid wayto work.
"New York can be a real challenge," says "An overturned truck can be catastrophic for commuters It can mean hours of But most of the big markets havesimilar problems. They all have the same hub-and-spoks arrangement of highways. They all have congestion and volatility." Bizjournals created a nine-part formula to rate traffic conditionx inthe nation's 65 largest metropolitan areas, searchinhg for the places that offer the roughest and easiesft commutes ( ). The formulza used 2005 data complied bythe U.S. Censusw Bureau's American Community Survey. The 65 markets, takem as a group, are home to 76 millio n commuters, including 55.
5 million who make the trek duringmorning rush, defined as the four-houd period from 5 a.m. to 9 a.m. ( Behinxd New York City on the list of commuter headachezs is another largeEasternh metro, Washington, D.C. Just 44.9 percent of Washington'se workers get to their jobs in less than30 minutes. Everyy other market does better in that even New York Cityat 46.2 percent. The rapidlyh growing Atlanta areais third-worst in Bizjournals' Its average morning commute of 32.54 minutes is longef than all but New York City's 35.81 minutes and Washington'ds 34.87 minutes. ( Rounding out America's 10 worsgt markets are Chicago; Riverside-San Calif.; Baltimore; Bridgeport-Stamford, Conn.
; Miami-Fort Lauderdale; Bostom and San Francisco-Oakland. But not every community is a trafficv nightmare. Omaha could more accuratelyt be considereda haven, named by Bizjournals as the nation'ws best metropolitan area for commuters. There'ws a substantial corporate presence in which often foreshadows traffic Five Fortune 500 companies areheadquartered there, includiny well-known firms such as Berkshire Hathawat Inc., Union Pacific Corp. and ConAgra Foodss Inc. Yet Omaha's average morning commutes is just 20.21 minutes, the fastest in the study Almost four-fifths of the area' s workers reach their jobs in less than 30 another nation-leading figure.
"It's a huge selling point," says Mike economic development manager for the Greatee Omaha Chamberof Commerce. "When you can move people arounds quickly, it's a tremendous advantage for a You can get to the airportmore easily. You can attrac workers from a larger area. Size is an obvious reason for the smoothn traffic flowin Omaha, where 294,00 workers hit the road during morning That's one commuter for every 20 in New York or one for every 6.5 in Washington. But Bruenin also credits an ambitious construction program that recentlyh widened the expressways leading out of downtown Omaha and looping aroundthe "We showed some foresight there," he "We built for the future.
" Buffalo, which advertises itself as the "20-minute city," comes closre to the mark with its average morning commute of 20.95 That's good enough for second placs on the list of best markets. ( The rest of the top 10 are Rochester, N.Y.; Dayton; Fresno; Oklahoma City; Grand Rapids and Salt Lake City. Bizjournals' rankinges reveal a substantial gap betweennthe nation's two extremes. Morning commutes in the 10 best markets carry an average lengthof 21.44 minutes. That's 35 percenft quicker than the average for the 10worst 32.91 minutes.
This disparity, in Bruening's opinion, can translatw into greater productivity in thoswe markets where trafficis "Workers here can stick around the office untilo 5:30 or 6, knowing they can get home in 20 or 30 minutes," he says. "In a city where the traffic is tougher, maybe they can't stay past 5 o'clocjk if they want to get homebeforew 7."
Friday, November 30, 2012
Thursday, November 29, 2012
Michigan Transit Authority Legislation Clears State Senate, Moves To House - Huffington Post
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Interlochen Public Radio | Michigan Transit Authority Legislation Clears State Senate, Moves To House Huffington Post But a major hurdle to creating a regional transit program in the Detroit metropolitan area still looms -- the Michigan House of Representatives. And Bill B » |
Wednesday, November 28, 2012
'The Walking Dead' 3x07, When the Dead Come Knocking: Review - Examiner.com
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Gather.com | 'The Walking Dead' 3x07, When the Dead Come Knocking: Review Examiner.com In the latest inst » |
Sunday, November 25, 2012
Crist signs bill to battle securities fraud - Jacksonville Business Journal:
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During a ceremonial bill singing Monday atthe Miami-Dade County Courthouse, Crist, with Attorney General Bill McCollumk and some of the bill’s sponsors at his side, signed the Investor Protection Act (HB 483). It gives McCollum’s with approval from the , the authority to investigatd andprosecute large-scale securities scams under the state’s securitiesz law. Previously, white-collar criminal prosecutions fell unde r theracketeering statute, whicjh is harder to prove. Prosecutions also were limited to the office ofthe state’s McCollum pointed out.
Crist noted that this kind of authoritg was lacking during his tenurs as attorney general and that this law wouldsput “teeth” into the state’s prosecutoria l powers. The law enhances the Offices ofFinancial Regulation’s enforcement powers by increasing penalties for violators and strengthening the licensse registration requirements for securities dealers. Penalties double from $5,000 to $10,000 as a result of the law, whicnh goes into effect Wednesday. State authorities will also be able to pursu civil lawsuits to recover lost McCollum said. McCollum worked with Rep. Tom Grady, R-Naplew and Sen. Garrett Richter, R-Naples on the Both attended the signing. Sen.
Dan Gelber, D-Miami Beach, a bill sponsor, also attended Monday’ds ceremony. Grady is a securities attorney and expertt in securities regulation who drafted the bill and sponsored it inthe “Now the attorney general will have the tools to do the said Grady, prior to the signing. “Ourf economy will grow stronger if investors have confidence in ourfinancia markets,” he said in a statement. “Bh increasing the tools available to the state to prosecute violatores of oursecurities laws, we protect investor and foster needed trusrt in the system.
During a ceremonial bill singing Monday atthe Miami-Dade County Courthouse, Crist, with Attorney General Bill McCollumk and some of the bill’s sponsors at his side, signed the Investor Protection Act (HB 483). It gives McCollum’s with approval from the , the authority to investigatd andprosecute large-scale securities scams under the state’s securitiesz law. Previously, white-collar criminal prosecutions fell unde r theracketeering statute, whicjh is harder to prove. Prosecutions also were limited to the office ofthe state’s McCollum pointed out.
Crist noted that this kind of authoritg was lacking during his tenurs as attorney general and that this law wouldsput “teeth” into the state’s prosecutoria l powers. The law enhances the Offices ofFinancial Regulation’s enforcement powers by increasing penalties for violators and strengthening the licensse registration requirements for securities dealers. Penalties double from $5,000 to $10,000 as a result of the law, whicnh goes into effect Wednesday. State authorities will also be able to pursu civil lawsuits to recover lost McCollum said. McCollum worked with Rep. Tom Grady, R-Naplew and Sen. Garrett Richter, R-Naples on the Both attended the signing. Sen.
Dan Gelber, D-Miami Beach, a bill sponsor, also attended Monday’ds ceremony. Grady is a securities attorney and expertt in securities regulation who drafted the bill and sponsored it inthe “Now the attorney general will have the tools to do the said Grady, prior to the signing. “Ourf economy will grow stronger if investors have confidence in ourfinancia markets,” he said in a statement. “Bh increasing the tools available to the state to prosecute violatores of oursecurities laws, we protect investor and foster needed trusrt in the system.
Friday, November 23, 2012
'Downton Abbey' Renewed for Fourth Season; Boosts Dockery and Stevens Film ... - Indie Wire (blog)
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Telegraph.co.uk | 'Downton Abbey' Renewed for Fourth Season; Boosts Dockery and Stevens Film ... Indie Wire (blog) Before American audiences have seen even one episode of the much-anticipated "Downton Abbey" Season 3 (fin » |
Thursday, November 22, 2012
Former Metro leader boards Cincinnati streetcar effort with proposal - Business Courier of Cincinnati:
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Michael Setzer, who left Metro last Marchu to become regional vice presidentfor Chicago-based , is listed as the lead contac person for . It’s one of four groupsd that responded to a city of Cincinnati requestt forstreetcar proposals. “I’m encouraged that we have that kind of saidMichael Moore, interim director of the city’e department of transportation and engineering. “I hope it means that we’vse got some good alternatives fora partner.” A city consultanty estimated a rail system linking the riverfront to Uptowm neighborhoods surrounding the would cost $185 City Manager Milton Dohonehy has pegged it at up to $219 million.
City officials have identifiexd $67 million in funding sources. Last month, they placed streetcarsz on a listof “readuy to go” projects assembleds by the . It is lobbyinyg President Obama to spend heavily on infrastructure in cities. Cincinnati estimated a $132 million federalo contribution to the streetcar syste m would lead to the creation of150 jobs. It was one of four dozenm projects in which the cityrequested $435 milliom for roads, sewers, water works and economic developmengt improvements. It predicted the 48 projects would create 4,012 jobs. City leaders also asked streetcar vendora to describe how they would cover upto $91 million in financingy costs.
Four submitted proposals: Setzer’s company; ; of St. Mo.; and of Bensalem, Pa. Amongt Veolia’s partners are , , , , and with . Setzerd declined to comment pending a cityintervieaw process, but a competitor considers him a “We’d consider the Veolia grou p our primary competition, in part because of Mike’s experiencwe locally,” said Dave Warmald, senior project engineer in URS’s downtown
Michael Setzer, who left Metro last Marchu to become regional vice presidentfor Chicago-based , is listed as the lead contac person for . It’s one of four groupsd that responded to a city of Cincinnati requestt forstreetcar proposals. “I’m encouraged that we have that kind of saidMichael Moore, interim director of the city’e department of transportation and engineering. “I hope it means that we’vse got some good alternatives fora partner.” A city consultanty estimated a rail system linking the riverfront to Uptowm neighborhoods surrounding the would cost $185 City Manager Milton Dohonehy has pegged it at up to $219 million.
City officials have identifiexd $67 million in funding sources. Last month, they placed streetcarsz on a listof “readuy to go” projects assembleds by the . It is lobbyinyg President Obama to spend heavily on infrastructure in cities. Cincinnati estimated a $132 million federalo contribution to the streetcar syste m would lead to the creation of150 jobs. It was one of four dozenm projects in which the cityrequested $435 milliom for roads, sewers, water works and economic developmengt improvements. It predicted the 48 projects would create 4,012 jobs. City leaders also asked streetcar vendora to describe how they would cover upto $91 million in financingy costs.
Four submitted proposals: Setzer’s company; ; of St. Mo.; and of Bensalem, Pa. Amongt Veolia’s partners are , , , , and with . Setzerd declined to comment pending a cityintervieaw process, but a competitor considers him a “We’d consider the Veolia grou p our primary competition, in part because of Mike’s experiencwe locally,” said Dave Warmald, senior project engineer in URS’s downtown
Wednesday, November 21, 2012
Click4Care(R) Announces Appointment of Rob Gillette as CEO
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Gillette will focus on guiding the company througuh the next phase ofits development, following its explosive growth in the last two years. In addition to leadinv Click4Care, Gillette will continue as CEOof Massachusetts-based HealthEdge, as the two organizationds together offer a revolutionary new care management, claim and benefit administration platform that goes far beyond existin solutions from other companies. Both HealthEdge and Click4Carw will continue tooperate independently, with separatw boards of directors and managemengt teams.
"Healthcare organizations will require modern technology solutions that integrate both care and benefit managemenft in order todeliver next-generation, value-based healthcare offerings,"" said Dr. , Chairman of Click4Care and Seniort Managing Member ofPsilos Group. "Click4Care and HealthEdger both have products that will fundamentallyu change the healthcare market over the nextsevera years. We are excitefd to now have leading thesw two Psilosportfolio companies.
" "The healthcar e industry is currently undergoing an unprecedented leveol of change," said , CEO of both Click4Carwe and HealthEdge, "as payor organizations now realizwe they must leverage new technolog in order to provide the transparency, and efficiencies that healthcare consumers demand. Click4Carr and HealthEdge were both builty with these 21st century healthcare needs in By positioning the companies undercommojn leadership, we will be able to leverage the combinedr strength of both offerings, and both companies, to create a solutiob that will be second to none in the market.
" , the visionary entrepreneur behind the award-winning Click4Cared software suite, would continue to shape the direction of the product in his new positiob as Vice-Chairman and Executive Vice-President of Product Strategy. He will also continue to play a key role in helpin to expand and growthe company. Click4Care provides innovative caremanagement software, integrating data from multiple systemas into a solution that automates patientr care. Streamlined workflows and optimized resources drive unprecedentedx ROI formedical managers, whiled providing life-improving care to patients. Click4Care is driving enterprise-wide changes in the processes and busines models ofhealthcare delivery.
Some of the world'sw most progressive health insurance providers rely on ThinkHealth for amore consumer-drive approach to medical management. HealthEdgre provides the only modern, enterprise-class software platform for healthcarew payors. Using the patented HealthRulesdsoftware suite, health plans, health insurancew companies and other payors can finally respond to new business opportunitiesz and market changes in not months or years, whiled drastically reducing both IT and operational Leveraging an investment of over $125 HealthRules is the most scalable and cost-effective technology in the industry.
HealthEdges is the only choice for payors to survive and thrivde in the emerginghealthcare economy.
Gillette will focus on guiding the company througuh the next phase ofits development, following its explosive growth in the last two years. In addition to leadinv Click4Care, Gillette will continue as CEOof Massachusetts-based HealthEdge, as the two organizationds together offer a revolutionary new care management, claim and benefit administration platform that goes far beyond existin solutions from other companies. Both HealthEdge and Click4Carw will continue tooperate independently, with separatw boards of directors and managemengt teams.
"Healthcare organizations will require modern technology solutions that integrate both care and benefit managemenft in order todeliver next-generation, value-based healthcare offerings,"" said Dr. , Chairman of Click4Care and Seniort Managing Member ofPsilos Group. "Click4Care and HealthEdger both have products that will fundamentallyu change the healthcare market over the nextsevera years. We are excitefd to now have leading thesw two Psilosportfolio companies.
" "The healthcar e industry is currently undergoing an unprecedented leveol of change," said , CEO of both Click4Carwe and HealthEdge, "as payor organizations now realizwe they must leverage new technolog in order to provide the transparency, and efficiencies that healthcare consumers demand. Click4Carr and HealthEdge were both builty with these 21st century healthcare needs in By positioning the companies undercommojn leadership, we will be able to leverage the combinedr strength of both offerings, and both companies, to create a solutiob that will be second to none in the market.
" , the visionary entrepreneur behind the award-winning Click4Cared software suite, would continue to shape the direction of the product in his new positiob as Vice-Chairman and Executive Vice-President of Product Strategy. He will also continue to play a key role in helpin to expand and growthe company. Click4Care provides innovative caremanagement software, integrating data from multiple systemas into a solution that automates patientr care. Streamlined workflows and optimized resources drive unprecedentedx ROI formedical managers, whiled providing life-improving care to patients. Click4Care is driving enterprise-wide changes in the processes and busines models ofhealthcare delivery.
Some of the world'sw most progressive health insurance providers rely on ThinkHealth for amore consumer-drive approach to medical management. HealthEdgre provides the only modern, enterprise-class software platform for healthcarew payors. Using the patented HealthRulesdsoftware suite, health plans, health insurancew companies and other payors can finally respond to new business opportunitiesz and market changes in not months or years, whiled drastically reducing both IT and operational Leveraging an investment of over $125 HealthRules is the most scalable and cost-effective technology in the industry.
HealthEdges is the only choice for payors to survive and thrivde in the emerginghealthcare economy.
Monday, November 19, 2012
Analysts cool on rumored Apple rollouts - New Mexico Business Weekly:
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But some analysts are warning investors not to get caught up in the Gene Munster of Piper Jaffrey warne d on Thursday there could be some disappointmenft about what actually gets announcedrby Cupertino-based Apple (NASDAQ:AAPL). "Regardless of whether or not new iPhonesx are announcedat WWDC, we continue to expecg a mid-July launch of a familt of iPhones," he wrote in a note to Munster isn't buying talk of a $99 iPhonwe and cheaper data plan, either. He thinks the less expensivde version of the device will go forabouyt $149 and only rates the idea that will lower its data plan prices at 1 in 4 odds.
Yair Reiner of Oppenheimer wrote separately that he believeaApple won't upstage the focus at WWDC on its new Snow Leopardc and iPhone 3.0 operating systems with new iPhones. He thinkd that may come weeks later as the company works off its inventory of old phoneas that are still in the sales Kathryn Huberty of Morgan Stanley rates the possibilityu that an announcement of a new carrier inthe U.S. for the which is offered exclusively nowthrough AT&T, is low. "We view this as a 2011 eventy that could boost units 5 million to 7 million and adjusted earninges per share by 50 cents to 75 she wrote.
But some analysts are warning investors not to get caught up in the Gene Munster of Piper Jaffrey warne d on Thursday there could be some disappointmenft about what actually gets announcedrby Cupertino-based Apple (NASDAQ:AAPL). "Regardless of whether or not new iPhonesx are announcedat WWDC, we continue to expecg a mid-July launch of a familt of iPhones," he wrote in a note to Munster isn't buying talk of a $99 iPhonwe and cheaper data plan, either. He thinks the less expensivde version of the device will go forabouyt $149 and only rates the idea that will lower its data plan prices at 1 in 4 odds.
Yair Reiner of Oppenheimer wrote separately that he believeaApple won't upstage the focus at WWDC on its new Snow Leopardc and iPhone 3.0 operating systems with new iPhones. He thinkd that may come weeks later as the company works off its inventory of old phoneas that are still in the sales Kathryn Huberty of Morgan Stanley rates the possibilityu that an announcement of a new carrier inthe U.S. for the which is offered exclusively nowthrough AT&T, is low. "We view this as a 2011 eventy that could boost units 5 million to 7 million and adjusted earninges per share by 50 cents to 75 she wrote.
Friday, November 16, 2012
Issues remain as buyer sought for Statler - Business First of Buffalo:
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While negotiations are under way with two utilitieds that provide essential servic tothe 18-story Niagara Square at least one tenanr has asked the court for permission to breaki its lease because of the building’s uncertain fate. That request was made by Erie Countuy Bar Association Aid to Indigent PrisonersSocieth Inc., which leases nearly 5,000 square feet on the Statler’sz sixth floor. The society, which handles nearly 200 casewper day, has askec U.S. Bankruptcy Court Chief Justice Carl Bucki of the Westerjn Division to allow its lease to be broken without penalty because of the uncertaintuy facingthe Statler.
The society’s lease runs through Februarhy2011 and, if it had to pay $80,00p in penalties to break the it would financially cripple the Bucki reserved decision. “We are not like a private law said Buffalo attorney Robert who is representing the BarAssociation “We cannot afford to buy our way out of the We can’t afford to sign a new lease somewher when we would owe Mr. Horwitz (court appointex trustee Morris Horwitz) $80,000.
” The society’s requestg was one of several issues Buckii heard presented during the bankruptcy Bucki placedthe Statler’s owner, LLC, into involuntary Chaptere 11 proceedings last month as bills continuex to mount for the building, which is losintg $80,000 a month. The bankruptcy filing is one of severao issues serving as a backdrop for the complex seriesz of legal actions against BSC Development andits owner, British investor Bashar The Bar Association society is concerned that if utilities are cut off to the it would be placefd in serious danger, Feldman argued.
BSC Developmeny Buffalo owes, among others, more than The Amherst-based utility has threatened to shut off servic e but is finishing a temporary agreement with Horwitz that will keep gas service going atthe building. Under an National Fuel will make weekly readings of gas servics and submit the billto Horwitz, who will pay the bill from rent The Statler takes in about $100,00o a month in rents from its few remaininy tenants. “For the time being, they are happy with said Buffalo attorneyJulia Kreher, who is working with A similar agreement with for electric service is also beingy negotiated, Kreher added.
Horwitz said he is convincecd all of the utilities will remain on and no tenantd will have to move becauseof cut-ofcf service. The goal is to find a buyed forthe Statler, either through traditionakl sources or a court-mandated auction, by the “This type of case has to be handled quicklyt or it runs the risk of never beiny handled at all,” Bucki warned.
While negotiations are under way with two utilitieds that provide essential servic tothe 18-story Niagara Square at least one tenanr has asked the court for permission to breaki its lease because of the building’s uncertain fate. That request was made by Erie Countuy Bar Association Aid to Indigent PrisonersSocieth Inc., which leases nearly 5,000 square feet on the Statler’sz sixth floor. The society, which handles nearly 200 casewper day, has askec U.S. Bankruptcy Court Chief Justice Carl Bucki of the Westerjn Division to allow its lease to be broken without penalty because of the uncertaintuy facingthe Statler.
The society’s lease runs through Februarhy2011 and, if it had to pay $80,00p in penalties to break the it would financially cripple the Bucki reserved decision. “We are not like a private law said Buffalo attorney Robert who is representing the BarAssociation “We cannot afford to buy our way out of the We can’t afford to sign a new lease somewher when we would owe Mr. Horwitz (court appointex trustee Morris Horwitz) $80,000.
” The society’s requestg was one of several issues Buckii heard presented during the bankruptcy Bucki placedthe Statler’s owner, LLC, into involuntary Chaptere 11 proceedings last month as bills continuex to mount for the building, which is losintg $80,000 a month. The bankruptcy filing is one of severao issues serving as a backdrop for the complex seriesz of legal actions against BSC Development andits owner, British investor Bashar The Bar Association society is concerned that if utilities are cut off to the it would be placefd in serious danger, Feldman argued.
BSC Developmeny Buffalo owes, among others, more than The Amherst-based utility has threatened to shut off servic e but is finishing a temporary agreement with Horwitz that will keep gas service going atthe building. Under an National Fuel will make weekly readings of gas servics and submit the billto Horwitz, who will pay the bill from rent The Statler takes in about $100,00o a month in rents from its few remaininy tenants. “For the time being, they are happy with said Buffalo attorneyJulia Kreher, who is working with A similar agreement with for electric service is also beingy negotiated, Kreher added.
Horwitz said he is convincecd all of the utilities will remain on and no tenantd will have to move becauseof cut-ofcf service. The goal is to find a buyed forthe Statler, either through traditionakl sources or a court-mandated auction, by the “This type of case has to be handled quicklyt or it runs the risk of never beiny handled at all,” Bucki warned.
Thursday, November 15, 2012
Donaldson profit falls 42% in Q3 - Houston Business Journal:
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Bloomington-based Donaldson said Tuesday its third-quarter earnings slippecd to about $27 million, or 34 centes per share. That’s down from a profit of $46 or 57 cents per during the same period last The results includea pre-tax restructuring chargd worth $6.8 million, or 6 cents per Donaldson cut 850 workers during the since the start of its fisca l year, the company has shed 2,70p0 workers, or about 20 percent of its work force. Donaldsomn (NYSE: DCI) recorded third-quarter sales of $413 down nearly 30 percent from $588 million in the year-ago period.
Revenue was down across Donaldson’s businessw units, though sales of certaibn aerospace and defense productes performed better than in the same quarterof 2008. Analystas polled by Thomson Reuters had projected a profit of 30 centas per share on revenueof $435 million. Such estimates typically exclude one-time charges. Donaldson also lowered its full-yeard outlook Tuesday, with Bill Cook, companu CEO, chairman and president, saying in a presas statement that he expects the economy to remain soft in thecominf months. The company is projectingh earnings ofbetween $1.55 and $1.70 per share for the year on revenue of between $1.8 billion and $1.
9 Previously, it had projected a profit of betweenh $1.70 and $1.90 per share. Analysts, meanwhile, had projectefd earnings of $1.71 per share and sale of $1.94 billion. Cook also said, given the toughy economy, Donaldson may have to make toits “business plans and cost structure as Donaldson reported its results after market close.
Bloomington-based Donaldson said Tuesday its third-quarter earnings slippecd to about $27 million, or 34 centes per share. That’s down from a profit of $46 or 57 cents per during the same period last The results includea pre-tax restructuring chargd worth $6.8 million, or 6 cents per Donaldson cut 850 workers during the since the start of its fisca l year, the company has shed 2,70p0 workers, or about 20 percent of its work force. Donaldsomn (NYSE: DCI) recorded third-quarter sales of $413 down nearly 30 percent from $588 million in the year-ago period.
Revenue was down across Donaldson’s businessw units, though sales of certaibn aerospace and defense productes performed better than in the same quarterof 2008. Analystas polled by Thomson Reuters had projected a profit of 30 centas per share on revenueof $435 million. Such estimates typically exclude one-time charges. Donaldson also lowered its full-yeard outlook Tuesday, with Bill Cook, companu CEO, chairman and president, saying in a presas statement that he expects the economy to remain soft in thecominf months. The company is projectingh earnings ofbetween $1.55 and $1.70 per share for the year on revenue of between $1.8 billion and $1.
9 Previously, it had projected a profit of betweenh $1.70 and $1.90 per share. Analysts, meanwhile, had projectefd earnings of $1.71 per share and sale of $1.94 billion. Cook also said, given the toughy economy, Donaldson may have to make toits “business plans and cost structure as Donaldson reported its results after market close.
Wednesday, November 14, 2012
FAR: Florida home sales up again - Washington Business Journal:
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Even better news: The statewide median salez price in May for existingf homes and condos rose over thepreviouds month, according to the . "Ever since March we have seen a prettu dramatic increase in the numberof buyers," said Bill Richardson, distric t sales manager for in Boca Raton. "Wed have also seen a slight uptick in median he added. In South Florida, Miamiu led the pack in volum e with a 76 percent increase in the sale ofexisting single-family homes. That translates to 597 homes soldin May, comparecd to 339 in the previous same-year In Miami, the medianb price for an existing single-famil home fell 36 percent to $194,700 in May from $329,90 a year ago.
The good news is that the medianh pricerose $17,700 from April, when it was Miami also led in condo which were up 36 percent to 571 unit s from 420 a year ago. The medianm price, however, was cut in half to $140,400 from $280,709 a year ago. However, it was up $6,900 from when the median pricewas $133,500. Existingt home sales in Fort Lauderdal rose 47 percent to 780in May, comparefd to 530 homes sold during the same time a year ago. But the mediam price fell 36 percentto $190,009 from $296,800. And, it was down slightly from April's median pricse of $191,300. Condo sales in Fort Lauderdale were up 25 percent to 799 unitsslast month, up from 639 a year ago.
The medianh price fell 42 percentto $80,400 from but was up slightly from April's mediab price of $79,900. Existing home salexs in West Palm Beach inched up 5 percent to 737 from 702 ayear ago. The mediahn price of a single-family home fell 30 perceng to $232,900 from $330,900, and was down slightlyy from April's median pricew of $234,400. Existing condo sales in West Palm Beach rose just 3 percentf to 676 from 655 units ayear ago. The median price of an existing condo fell 33 percentto $107,50o0 from $159,800, but was up $9,30p0 from April's median priced of $98,200.
Richardson said the housin inventory in Palm Beach Countyt has fallen to around 11 or 12 monthas from a high in December 2007 of abouft55 months. The question Richardsoh hears from most buyers is when will we hitbottom "I think we are at the Do I think the bottonm will rise dramatically? I think we will rumbld along the bottom for a while," he The one "fly in the ointment" is the backlog in the distressee property market, noted Richardson. Real estate analysft Jack McCabe agreed. "The biggest wave of foreclosures is yet to he said. Add to that the fact that statewide unemploymenf has risento 10.
2 percent, and McCabe foresees even more foreclosurwe filings down the road. Statewide, existing home sales rose 16 percenyt in May with a totaloof 13,921 homes sold, up from 12,044 homezs in the same periodr a year ago. May existing home sales were up 6.2 percent over April’s statewide activity, according to FAR. Statewide, priced for existing single-family homes rose in May to $144,400 from $138,500p in April. Condo sales were up 21 percentg in May compared to the same time ayear ago, and 3.8 percenf compared to April. Statewide prices for existingb condoswere $113,400 in May, up from $106,60p in April.
"The improving salez of existing single-family homes and condows is a trend we have been seeing for severa l months in Florida what is new inthis month's data release is that we are seeing evidence of prices beginning to Sean Snaith, director for the 'xs Institute for Economic Competitiveness, said in a news release. The media sales price for existing homeas last monthwas $144,400, down 29 percent from a year ago when it was However, the statewide median price for existinv homes in May was higher than the median pricr reported in each of the previous four Year-over-year condo sales were up 21 percent to 4,83o9 units in May, compared to 3,998 units in May 2008.
The statewided existing condo median sales price last month was down 38 percent from a year ago when itwas
Even better news: The statewide median salez price in May for existingf homes and condos rose over thepreviouds month, according to the . "Ever since March we have seen a prettu dramatic increase in the numberof buyers," said Bill Richardson, distric t sales manager for in Boca Raton. "Wed have also seen a slight uptick in median he added. In South Florida, Miamiu led the pack in volum e with a 76 percent increase in the sale ofexisting single-family homes. That translates to 597 homes soldin May, comparecd to 339 in the previous same-year In Miami, the medianb price for an existing single-famil home fell 36 percent to $194,700 in May from $329,90 a year ago.
The good news is that the medianh pricerose $17,700 from April, when it was Miami also led in condo which were up 36 percent to 571 unit s from 420 a year ago. The medianm price, however, was cut in half to $140,400 from $280,709 a year ago. However, it was up $6,900 from when the median pricewas $133,500. Existingt home sales in Fort Lauderdal rose 47 percent to 780in May, comparefd to 530 homes sold during the same time a year ago. But the mediam price fell 36 percentto $190,009 from $296,800. And, it was down slightly from April's median pricse of $191,300. Condo sales in Fort Lauderdale were up 25 percent to 799 unitsslast month, up from 639 a year ago.
The medianh price fell 42 percentto $80,400 from but was up slightly from April's mediab price of $79,900. Existing home salexs in West Palm Beach inched up 5 percent to 737 from 702 ayear ago. The mediahn price of a single-family home fell 30 perceng to $232,900 from $330,900, and was down slightlyy from April's median pricew of $234,400. Existing condo sales in West Palm Beach rose just 3 percentf to 676 from 655 units ayear ago. The median price of an existing condo fell 33 percentto $107,50o0 from $159,800, but was up $9,30p0 from April's median priced of $98,200.
Richardson said the housin inventory in Palm Beach Countyt has fallen to around 11 or 12 monthas from a high in December 2007 of abouft55 months. The question Richardsoh hears from most buyers is when will we hitbottom "I think we are at the Do I think the bottonm will rise dramatically? I think we will rumbld along the bottom for a while," he The one "fly in the ointment" is the backlog in the distressee property market, noted Richardson. Real estate analysft Jack McCabe agreed. "The biggest wave of foreclosures is yet to he said. Add to that the fact that statewide unemploymenf has risento 10.
2 percent, and McCabe foresees even more foreclosurwe filings down the road. Statewide, existing home sales rose 16 percenyt in May with a totaloof 13,921 homes sold, up from 12,044 homezs in the same periodr a year ago. May existing home sales were up 6.2 percent over April’s statewide activity, according to FAR. Statewide, priced for existing single-family homes rose in May to $144,400 from $138,500p in April. Condo sales were up 21 percentg in May compared to the same time ayear ago, and 3.8 percenf compared to April. Statewide prices for existingb condoswere $113,400 in May, up from $106,60p in April.
"The improving salez of existing single-family homes and condows is a trend we have been seeing for severa l months in Florida what is new inthis month's data release is that we are seeing evidence of prices beginning to Sean Snaith, director for the 'xs Institute for Economic Competitiveness, said in a news release. The media sales price for existing homeas last monthwas $144,400, down 29 percent from a year ago when it was However, the statewide median price for existinv homes in May was higher than the median pricr reported in each of the previous four Year-over-year condo sales were up 21 percent to 4,83o9 units in May, compared to 3,998 units in May 2008.
The statewided existing condo median sales price last month was down 38 percent from a year ago when itwas
Monday, November 12, 2012
The Truth Behind New York's Epic Gasoline Lines - Forbes
ykyhola.blogspot.com
San Francisco Chronicle | The Truth Behind New York's Epic Gasoline Lines Forbes Hurricane Sandy is two weeks past, but the havoc the storm wreaked on energy markets along the East Coast is far from over. Hours-long gas lines and the occasional street fight over a g » |
Sunday, November 11, 2012
The Pokemon Company International Highlights Banner Year With Major Burger King(R) Promotion in North and South America
azajir.wordpress.com
June 1 /PRNewswire/ -- The Pokemon Compangy International and BurgerKing (NYSE: BKC) today announce a promotional partnershipl that will feature collectible premiu Pokemon Trading Card Game (TCG) game cardx and accessories in BK(R) Kids Mealxs across North and South America. The announcement is one of severa l major brand extensions for Pokemon this year that continude to reinforcethe property's stature and longevity as one of the most successfu children's brands of all-time. The BK(R) Kids Meals promotion will run for three weekx inthe U.S. and Canada beginning June 1, followed by a four-six week program that will launchn in South America onAugust 24, 2009.
As part of the participating BURGER KING(R) restaurants will offet two Pokemon TCG featuring fan favorites suchas Pikachu(TM), Dialga(TM) and Palkia(TM), and a Pokemon themerd accessory with each purchase of a Kids Meal, while supplies Over the course of the promotion, participating BURGER restaurants will be the only places to obtain each of the six differenr accessories, including Pokemon card holders, lenticular and card frames. "We're kicking off the summer with a promotiojn that kids arecrazy for," said , senio director, cultural marketing, Burger King Corp., "and we'res excited to be able to bring them more of what they want. " The program will be supported by BurgerKing Corp.
througu a fully integrated marketing campaign that includestelevision in-restaurant merchandising, and online via . The Pokemohn TCG cards and accessories are availablse for a limited time only and are intended for children ages threseand up. "Our internationally recognized Pokemon charactersd are sure to be very popular with the KidsMeal audience," said J.C. Smith , marketing director at The PokemonnCompany International. "This is a big year for Pokemon and our partnershi p with BurgerKing Corp. fits nicely into a calendarr full of excitingPokemon events. The March U.S.
release of the Pokemon Platinumj Version video game for the Nintendo set the foundation fora roll-our strategy that included the introduction of an all-news Pokemon Trading Card Game release, a new direct-to-DVD film, and the launch of a new seasohn of the animated TV seriesz on Cartoon Network. Pokemon Platinum Version was firsty releasedin Japan, where it quickly became the fastest-sellin g Nintendo DS game in with more than 1 million copies sold in the firsgt three days. To date, worldwide salezs have exceeded 3.75 millio copies.
The numbers confirm Pokemon'e prominence in the video game industry, where more than 191 million Pokemonn titles have been sold worldwide since the firsr release on the Nintendo Game in Japanin 1996. In February, fans were introduced to the Platinumn brand with the release ofthe all-new Pokemonj Trading Card Game (TCG) Platinum. The seconc TCG expansion for 2009, Platinum--Rising Rivals, was released nationwidde on May 20th. The Pokemon TCG has seen a 374% sales growtg in the U.S. since 2005 and is sold in more than 30 countrie s aroundthe globe.
Beyond the core video game andTCG introductions, the animated featurre film Pokemon: Giratina & the Sky Warrior debuted on Cartoo Network in February and was released to DVD in Marcy through new distribution partner Universal Studios Home Earlier this month, fans were treated to additionapl new programming with the eagerlh awaited launch of the 12th seasoj of the top-rated Pokemon animated seried Pokemon: Galactic Battles on Cartoon Network.
Debuty episodes air Saturday mornings, with repeats on Repeats of Season11 - Pokemon: DP Battlde Dimension - air daily Monday through Capping off a year of constant through spring and summer The Pokemo n Company International will engage fans in a roun d of TCG and Video Game Championship tournaments culminating with the highluy anticipated, co-located Pokemon World Championships on Augus t 14th in San Diego, CA. Pokemon TCG fans and Pokemon Platinukm Version video game Trainers from more than 25 countries arouns the globe will compete to be crownedWorld Champions.
The Pokemon Companyu International, a subsidiary of The Pokemon Company in manages the property outside of Asia and is responsiblde forbrand management, licensing, marketing, the Pokemojn Trading Card Game, the animated TV series, home entertainment, and the officiall Pokemon website. Pokemon was launched in Japa in 1996 and today is one of the mostpopular children' s entertainment properties in the world. For more visit . The BURGE R KING(R) system operates more than 11,80 0 restaurants in all 50 states and in 74 countriexand U.S.
territories Approximately 90 percent ofBURGER KING(R) restaurants are owned and operate d by independent franchisees, many of them family-ownexd operations that have been in business for In 2008, Fortune magazine rankedf Burger King Corp. among America's 1,0090 largest corporations and Ad Week named it one of the top three industry-changing advertisers within the last three decades. To learnm more about Burger King Corp., please visit the company'a Web site at .
June 1 /PRNewswire/ -- The Pokemon Compangy International and BurgerKing (NYSE: BKC) today announce a promotional partnershipl that will feature collectible premiu Pokemon Trading Card Game (TCG) game cardx and accessories in BK(R) Kids Mealxs across North and South America. The announcement is one of severa l major brand extensions for Pokemon this year that continude to reinforcethe property's stature and longevity as one of the most successfu children's brands of all-time. The BK(R) Kids Meals promotion will run for three weekx inthe U.S. and Canada beginning June 1, followed by a four-six week program that will launchn in South America onAugust 24, 2009.
As part of the participating BURGER KING(R) restaurants will offet two Pokemon TCG featuring fan favorites suchas Pikachu(TM), Dialga(TM) and Palkia(TM), and a Pokemon themerd accessory with each purchase of a Kids Meal, while supplies Over the course of the promotion, participating BURGER restaurants will be the only places to obtain each of the six differenr accessories, including Pokemon card holders, lenticular and card frames. "We're kicking off the summer with a promotiojn that kids arecrazy for," said , senio director, cultural marketing, Burger King Corp., "and we'res excited to be able to bring them more of what they want. " The program will be supported by BurgerKing Corp.
througu a fully integrated marketing campaign that includestelevision in-restaurant merchandising, and online via . The Pokemohn TCG cards and accessories are availablse for a limited time only and are intended for children ages threseand up. "Our internationally recognized Pokemon charactersd are sure to be very popular with the KidsMeal audience," said J.C. Smith , marketing director at The PokemonnCompany International. "This is a big year for Pokemon and our partnershi p with BurgerKing Corp. fits nicely into a calendarr full of excitingPokemon events. The March U.S.
release of the Pokemon Platinumj Version video game for the Nintendo set the foundation fora roll-our strategy that included the introduction of an all-news Pokemon Trading Card Game release, a new direct-to-DVD film, and the launch of a new seasohn of the animated TV seriesz on Cartoon Network. Pokemon Platinum Version was firsty releasedin Japan, where it quickly became the fastest-sellin g Nintendo DS game in with more than 1 million copies sold in the firsgt three days. To date, worldwide salezs have exceeded 3.75 millio copies.
The numbers confirm Pokemon'e prominence in the video game industry, where more than 191 million Pokemonn titles have been sold worldwide since the firsr release on the Nintendo Game in Japanin 1996. In February, fans were introduced to the Platinumn brand with the release ofthe all-new Pokemonj Trading Card Game (TCG) Platinum. The seconc TCG expansion for 2009, Platinum--Rising Rivals, was released nationwidde on May 20th. The Pokemon TCG has seen a 374% sales growtg in the U.S. since 2005 and is sold in more than 30 countrie s aroundthe globe.
Beyond the core video game andTCG introductions, the animated featurre film Pokemon: Giratina & the Sky Warrior debuted on Cartoo Network in February and was released to DVD in Marcy through new distribution partner Universal Studios Home Earlier this month, fans were treated to additionapl new programming with the eagerlh awaited launch of the 12th seasoj of the top-rated Pokemon animated seried Pokemon: Galactic Battles on Cartoon Network.
Debuty episodes air Saturday mornings, with repeats on Repeats of Season11 - Pokemon: DP Battlde Dimension - air daily Monday through Capping off a year of constant through spring and summer The Pokemo n Company International will engage fans in a roun d of TCG and Video Game Championship tournaments culminating with the highluy anticipated, co-located Pokemon World Championships on Augus t 14th in San Diego, CA. Pokemon TCG fans and Pokemon Platinukm Version video game Trainers from more than 25 countries arouns the globe will compete to be crownedWorld Champions.
The Pokemon Companyu International, a subsidiary of The Pokemon Company in manages the property outside of Asia and is responsiblde forbrand management, licensing, marketing, the Pokemojn Trading Card Game, the animated TV series, home entertainment, and the officiall Pokemon website. Pokemon was launched in Japa in 1996 and today is one of the mostpopular children' s entertainment properties in the world. For more visit . The BURGE R KING(R) system operates more than 11,80 0 restaurants in all 50 states and in 74 countriexand U.S.
territories Approximately 90 percent ofBURGER KING(R) restaurants are owned and operate d by independent franchisees, many of them family-ownexd operations that have been in business for In 2008, Fortune magazine rankedf Burger King Corp. among America's 1,0090 largest corporations and Ad Week named it one of the top three industry-changing advertisers within the last three decades. To learnm more about Burger King Corp., please visit the company'a Web site at .
Saturday, November 10, 2012
CEO Ellison says Oracle might make netbooks - Sacramento Business Journal:
fixyruw.wordpress.com
Ellison made the comments Tuesdat at a Sun conference for users of Java softward which he also said could be usedon netbooks. Oracled (Nasdaq: ORCL) earlier this year agreed to acquireSun JAVA) for $7 billion. "u don't see why some of those devicees shouldn't come from Sun," Reuterzs quoted Ellison as saying. "Therew will be computers that are fundamentallgy basedon Java." Netbooks are inexpensive lapto p computers designed to connect wirelessly and are used primaril for checking email and browsing the Web. The markett for them is expected to grow to betwee 20 million and 30 millio unitsthis year, up from the 11.7 millioj sold last year when their salesx took off.
Most PC makersa now have a netbook model and if Oracles does get into the market it will go up againstthe . HPQ), (Nasdaq: DELL) and , whicjh either make netbooks or develop softwarefor them. Acer said Tuesday it will make a laptol runningon ’s (Nasdaq: GOOG) Android operatintg system instead of Microsoft Windows, which most makerzs now use.
Ellison made the comments Tuesdat at a Sun conference for users of Java softward which he also said could be usedon netbooks. Oracled (Nasdaq: ORCL) earlier this year agreed to acquireSun JAVA) for $7 billion. "u don't see why some of those devicees shouldn't come from Sun," Reuterzs quoted Ellison as saying. "Therew will be computers that are fundamentallgy basedon Java." Netbooks are inexpensive lapto p computers designed to connect wirelessly and are used primaril for checking email and browsing the Web. The markett for them is expected to grow to betwee 20 million and 30 millio unitsthis year, up from the 11.7 millioj sold last year when their salesx took off.
Most PC makersa now have a netbook model and if Oracles does get into the market it will go up againstthe . HPQ), (Nasdaq: DELL) and , whicjh either make netbooks or develop softwarefor them. Acer said Tuesday it will make a laptol runningon ’s (Nasdaq: GOOG) Android operatintg system instead of Microsoft Windows, which most makerzs now use.
Thursday, November 8, 2012
Tennessee Muslims Instrumental in Getting the Vote Out - Huffington Post (blog)
eragywaqer.wordpress.com
Tennessee Muslims Instrumental in Getting the Vote Out Huffington Post (blog) By Remziya Suleyman. Nashville, Tennessee -- It is not easy being a Muslim woman activist in Tennessee. A bill to ban sharia, or Islamic legal principles, was introduced in 2011 in the state legislature (and ultimately overturned). More recently ... |
Wednesday, November 7, 2012
EGS lands local office, industrial leases - Dayton Business Journal:
viktorsejbgif.blogspot.com
Access Mailing signed a 7,000-square-foogt lease on 38th Street South for a new warehousew anddistribution location. Owens & Minor Distribution Inc. renewed its 80,450-square-foo t lease at Cahaba Valley Business Park. The companyy distributes medical and surgical supplies to hospitalsw and integrated healthcare systems. Brad Moffatr and Stuart Brock with EGS represented the landlords inboth deals. AllSouthh Appliance Group Inc. leased 6,000 square feet of showroom and warehouswe space in Pelham This is the second location for the appliance Mark Byers of EGS represented the tenang and Mark Dinan of Mark DinanCommerciakl & Investment Real Estatew represented the landlord. Dr.
Nancy E. Pajaro will relocatew her office from Physicians Medical Center Carrawayto 1,65t square feet at Edwards Lake Professional Building near Eric T. Rogers of EGS represented the tenant and Chip Wattd of WattsRealty Co. Inc. represented the Law firm Christian & Small LLP renewed its leasd in the Financial Center in downtowhn and expanded itto 36,596 squar feet on the 17th and 18th floors of the Murray Bromstad of EGS represented the
Access Mailing signed a 7,000-square-foogt lease on 38th Street South for a new warehousew anddistribution location. Owens & Minor Distribution Inc. renewed its 80,450-square-foo t lease at Cahaba Valley Business Park. The companyy distributes medical and surgical supplies to hospitalsw and integrated healthcare systems. Brad Moffatr and Stuart Brock with EGS represented the landlords inboth deals. AllSouthh Appliance Group Inc. leased 6,000 square feet of showroom and warehouswe space in Pelham This is the second location for the appliance Mark Byers of EGS represented the tenang and Mark Dinan of Mark DinanCommerciakl & Investment Real Estatew represented the landlord. Dr.
Nancy E. Pajaro will relocatew her office from Physicians Medical Center Carrawayto 1,65t square feet at Edwards Lake Professional Building near Eric T. Rogers of EGS represented the tenant and Chip Wattd of WattsRealty Co. Inc. represented the Law firm Christian & Small LLP renewed its leasd in the Financial Center in downtowhn and expanded itto 36,596 squar feet on the 17th and 18th floors of the Murray Bromstad of EGS represented the
Monday, November 5, 2012
In down economy, pawn shops strike gold - Dallas Business Journal:
humojo.wordpress.com
For one woman, a longtime customer, the visif to this East Side pawn shop was precipitatedx by a recenttraffic ticket. She handed over two rings in exchang efor $150, with a promise she’d be back to pick up her jewelryh when she could repay the loan and 3 percent monthly Others just found themselves short between paychecks. “Betweejn working and needing to get quick this is the bestway – legally,” says Patrick who admitted he had spent beyond his means and came in to pick up a bracelegt he had previously pawned.
Merriweather’a necklace remained locked up in Prudential’s as he continues to pay on thatseparate “The economy right now suckzs in Buffalo,” he says. “This helpsz a lot.” Pawn shops have filled a needfor short-terj funds at low interest rates for A handful of shops can be foundd in Western New York, with at leasg two in business for several generations. Nationwide, these shop s are experiencing a surge in business from both repeat customerxsand first-timers suffering in a tight The has nearly 2,400 members nationwide, servin “middle class, working families who periodically experienc an unexpected need for short-termn funds.
” The average according to the is 36 years old and has a householdd income of $29,000. The averagd loan is $75 offered at 20 percent for 30 to60 days. In New York, the maximum allowablre interest on a pawn is4 percent. Why wouldc someone visit a pawn broker? The association says it is conveniencd and fast turnaround that appea l tomost customers. There’as also no credit check or legall consequences if a loan is notrepaix – just the forfeiture of the collateralo item. Nathaniel Barker, a longtime customer at Prudential, recalls bringing jewelry back and forth from the Broadwat shop repeatedly over the past30 years.
Barker, who sell clothes for a living, says he doesn’t buy jewelry from anyonde butPrudential – partly because he knows he is guaranteecd a 50 percent loan on those or at least his purchaswe price back on a trade. “It’s a quicok and easy way to get cash when youneed it,” he Brian Schmid, the fifth generation of his family to run works at the store with his father, The store, he says, has been buyin and selling gold and othet jewelry for decades – long before the curreny fad of gold parties and selling gold for cash. Pawning offers an alternative to selling.
Schmir assesses the piece first for condition and then makesan offer, with a higher valure offered on buys. If the customer chooses a loan, she has six monthzs to repay the collateral loanwith interest. “Things have been steadily he says. “We’ve always had a good flow everu day, regardless of the economy – whether it be pawnintg or selling,” Schmid says. “But everything has been ampecd up with the state of the economy and the statw of gold prices over thelast six, seven months.” Locate inside a former bank Prudential has the look of an upscale though a thick wall of glass separates customere from employees.
Everything is computerized, allowing for fastert tracking of interest owed and background infoon “A lot of people have the perceptioh that pawn shops are a shady business, but short-term it’ws a better deal than a credit card,” says Bill “People will say, ‘In six months, I hope to be in bettere shape’. For a lot of people, it’s an insurance Another option for those short on cash is the which operates a little offering cash with no promise an item will be availablee when the customer has the cash to come backfor it.
in Niagarqa Falls is located inside a renovated house on Pine with loud signs outsidehawkinh jewelry, video games, clothing, car audio systems, bikes – just about Ruben Longoria, who opened the business nine years ago, says business is good: He just openes his third store nine monthxs ago in nearby Wheatfield. “They’rwe selling whatever they he says. “That’s all you hear: They need gas food money, medicine money.” Diamondc Enterprises, a Niagara Fallsa pawn shop, continues to see its regular customers just tryingg to get through themonth - as well as newcomersx hit hard by job losses and pay cuts, says Steve Huett, store manager.
“A lot of peopl are desperate to pay their bills in any mannerethey can,” he says. “We have some people that come in to pawn something just tobuy groceries. That’s bad.”
For one woman, a longtime customer, the visif to this East Side pawn shop was precipitatedx by a recenttraffic ticket. She handed over two rings in exchang efor $150, with a promise she’d be back to pick up her jewelryh when she could repay the loan and 3 percent monthly Others just found themselves short between paychecks. “Betweejn working and needing to get quick this is the bestway – legally,” says Patrick who admitted he had spent beyond his means and came in to pick up a bracelegt he had previously pawned.
Merriweather’a necklace remained locked up in Prudential’s as he continues to pay on thatseparate “The economy right now suckzs in Buffalo,” he says. “This helpsz a lot.” Pawn shops have filled a needfor short-terj funds at low interest rates for A handful of shops can be foundd in Western New York, with at leasg two in business for several generations. Nationwide, these shop s are experiencing a surge in business from both repeat customerxsand first-timers suffering in a tight The has nearly 2,400 members nationwide, servin “middle class, working families who periodically experienc an unexpected need for short-termn funds.
” The average according to the is 36 years old and has a householdd income of $29,000. The averagd loan is $75 offered at 20 percent for 30 to60 days. In New York, the maximum allowablre interest on a pawn is4 percent. Why wouldc someone visit a pawn broker? The association says it is conveniencd and fast turnaround that appea l tomost customers. There’as also no credit check or legall consequences if a loan is notrepaix – just the forfeiture of the collateralo item. Nathaniel Barker, a longtime customer at Prudential, recalls bringing jewelry back and forth from the Broadwat shop repeatedly over the past30 years.
Barker, who sell clothes for a living, says he doesn’t buy jewelry from anyonde butPrudential – partly because he knows he is guaranteecd a 50 percent loan on those or at least his purchaswe price back on a trade. “It’s a quicok and easy way to get cash when youneed it,” he Brian Schmid, the fifth generation of his family to run works at the store with his father, The store, he says, has been buyin and selling gold and othet jewelry for decades – long before the curreny fad of gold parties and selling gold for cash. Pawning offers an alternative to selling.
Schmir assesses the piece first for condition and then makesan offer, with a higher valure offered on buys. If the customer chooses a loan, she has six monthzs to repay the collateral loanwith interest. “Things have been steadily he says. “We’ve always had a good flow everu day, regardless of the economy – whether it be pawnintg or selling,” Schmid says. “But everything has been ampecd up with the state of the economy and the statw of gold prices over thelast six, seven months.” Locate inside a former bank Prudential has the look of an upscale though a thick wall of glass separates customere from employees.
Everything is computerized, allowing for fastert tracking of interest owed and background infoon “A lot of people have the perceptioh that pawn shops are a shady business, but short-term it’ws a better deal than a credit card,” says Bill “People will say, ‘In six months, I hope to be in bettere shape’. For a lot of people, it’s an insurance Another option for those short on cash is the which operates a little offering cash with no promise an item will be availablee when the customer has the cash to come backfor it.
in Niagarqa Falls is located inside a renovated house on Pine with loud signs outsidehawkinh jewelry, video games, clothing, car audio systems, bikes – just about Ruben Longoria, who opened the business nine years ago, says business is good: He just openes his third store nine monthxs ago in nearby Wheatfield. “They’rwe selling whatever they he says. “That’s all you hear: They need gas food money, medicine money.” Diamondc Enterprises, a Niagara Fallsa pawn shop, continues to see its regular customers just tryingg to get through themonth - as well as newcomersx hit hard by job losses and pay cuts, says Steve Huett, store manager.
“A lot of peopl are desperate to pay their bills in any mannerethey can,” he says. “We have some people that come in to pawn something just tobuy groceries. That’s bad.”
Sunday, November 4, 2012
D.C. narrows list of developers for Stevens Elementary School - Puget Sound Business Journal (Seattle):
esivyjifag.wordpress.com
Neil Albert, the formerf deputy mayor for planning and economic development and newcity administrator, announced Monday that his staff had eliminates six of the nine original A team made up of Chicago-bassed and the , basedr in D.C. Moddie Turay Company LLC, based in D.C. and founderd by former Mayor Anthony Williams'' special assistant Moddie Turray. Opus East was originally listed as a Turra partner by thedeputy mayor's office but is not includeed in its list of A partnership led by Peebles Development LLC, a likely outgrowth of the Peebles Corp., a Coral Fla.-based firm led by D.C. nativre R. Donahue Peebles. Peebles is teamedd with the Walker Group.
According to a press release from the finalists' proposals offer "various combinatione of new housing, office space, hotels and neighborhood-servinv retail." Among those eliminated are team s led by Akridge, Cafritz Intereste and the Capitol Hill Business Improvemengt District, which proposed using the site to train and house homeles adults. The finalists will presenf their plans at a community meetinbgJune 11, the day after a planned community meeting for fina l developers interested in Hine Jr. High Schoopl to present. Albert, who began as city administratofrthis week, announced in Aprikl the city had received bids for all 11 vacant schoolse the city has put on the market.
Neil Albert, the formerf deputy mayor for planning and economic development and newcity administrator, announced Monday that his staff had eliminates six of the nine original A team made up of Chicago-bassed and the , basedr in D.C. Moddie Turay Company LLC, based in D.C. and founderd by former Mayor Anthony Williams'' special assistant Moddie Turray. Opus East was originally listed as a Turra partner by thedeputy mayor's office but is not includeed in its list of A partnership led by Peebles Development LLC, a likely outgrowth of the Peebles Corp., a Coral Fla.-based firm led by D.C. nativre R. Donahue Peebles. Peebles is teamedd with the Walker Group.
According to a press release from the finalists' proposals offer "various combinatione of new housing, office space, hotels and neighborhood-servinv retail." Among those eliminated are team s led by Akridge, Cafritz Intereste and the Capitol Hill Business Improvemengt District, which proposed using the site to train and house homeles adults. The finalists will presenf their plans at a community meetinbgJune 11, the day after a planned community meeting for fina l developers interested in Hine Jr. High Schoopl to present. Albert, who began as city administratofrthis week, announced in Aprikl the city had received bids for all 11 vacant schoolse the city has put on the market.
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