CTV.ca | Judge rules polar bears still 'threatened' Los Angeles Times A US District Court on Thursday upheld a Bush-era decision that polar bears are a threatened species, despite ch » |
Thursday, June 30, 2011
Judge rules polar bears still 'threatened' - Los Angeles Times
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Tuesday, June 28, 2011
Crescent files Chapter 11, replaces CEO - Business First of Buffalo:
goldenayreyg1666.blogspot.com
The moves are part of an effort to cutthe company’a debt and rework its capital structures, the N.C.-based developer says. and some of its subsidiarieds have filed voluntary Chapter 11 petitions in the in the Westermn Districtof Texas, Austin Division. Crescent also announced today thatArthud Fields, the company’s chief executivw officer, has retired, effective immediately. He will continue to work in anadvisort capacity. Crescent had been struggling to refinancdea $1.2 billion loan, with paymen t due in full by September 2012. The company amended the loan in June 2008 becaused it was in violation of theoriginalp terms.
Before the Chapter 11 filing, Crescengt faced payments of $50 million by the end of this $75 million in 2010 and $100 millio in 2011 on its debt. The company, which has developed more than 1 million square feet of office space in Cool Springe sincethe 1990s, has been facing local troubles, too. Pat Emery, Crescent’x long-time vice president and regional managertin Tennessee, left the company last And the developer’s Crescent’s Greenway One, a $33 168,000-square-foot building near completion on Carothers Parkway, has been boarded up for monthxs as contractors filed millions of dollars in liens against it.
Another similarly sized Crescent projecr next to it is about 90 percent vacant a year aftebeing built. The company says it planas to continue businesses without any significant interruptiondurinvg restructuring. Crescent has obtained a debtor-in-possession financingy facilityof $110 million from a grouop of its existing lenders, which will providd funds so it can continure operating. Andrew Hede will replace Fielde as CEO and will be charged with leadingvthe restructuring.
Hede, a managing director with LLC, has more than 15 yeara of financial restructuring andbusiness “We have been in active discussions with our lender and other stakeholders as we work towarcd an agreement that will bring our capital structurer in line with the current economid environment,” Hede says in a “Those discussions are continuing, and we are pleased with the ongoinfg support we have receiveed from our lenders. We intend to reach an agreement on our new capital structures and emerge frombankruptcy quickly.
”
The moves are part of an effort to cutthe company’a debt and rework its capital structures, the N.C.-based developer says. and some of its subsidiarieds have filed voluntary Chapter 11 petitions in the in the Westermn Districtof Texas, Austin Division. Crescent also announced today thatArthud Fields, the company’s chief executivw officer, has retired, effective immediately. He will continue to work in anadvisort capacity. Crescent had been struggling to refinancdea $1.2 billion loan, with paymen t due in full by September 2012. The company amended the loan in June 2008 becaused it was in violation of theoriginalp terms.
Before the Chapter 11 filing, Crescengt faced payments of $50 million by the end of this $75 million in 2010 and $100 millio in 2011 on its debt. The company, which has developed more than 1 million square feet of office space in Cool Springe sincethe 1990s, has been facing local troubles, too. Pat Emery, Crescent’x long-time vice president and regional managertin Tennessee, left the company last And the developer’s Crescent’s Greenway One, a $33 168,000-square-foot building near completion on Carothers Parkway, has been boarded up for monthxs as contractors filed millions of dollars in liens against it.
Another similarly sized Crescent projecr next to it is about 90 percent vacant a year aftebeing built. The company says it planas to continue businesses without any significant interruptiondurinvg restructuring. Crescent has obtained a debtor-in-possession financingy facilityof $110 million from a grouop of its existing lenders, which will providd funds so it can continure operating. Andrew Hede will replace Fielde as CEO and will be charged with leadingvthe restructuring.
Hede, a managing director with LLC, has more than 15 yeara of financial restructuring andbusiness “We have been in active discussions with our lender and other stakeholders as we work towarcd an agreement that will bring our capital structurer in line with the current economid environment,” Hede says in a “Those discussions are continuing, and we are pleased with the ongoinfg support we have receiveed from our lenders. We intend to reach an agreement on our new capital structures and emerge frombankruptcy quickly.
”
Sunday, June 26, 2011
Pier 1 posts quarterly profit despite drop in sales - Dallas Business Journal:
jaqezuweg.blogspot.com
The profit for Fort Worth-based Pier 1 (NYSE: PIR) comparese to a net loss of $33 or 37 cents per share, during the same periord last year. During the first quarter, Pier 1's sales fell to $281 down from $310 million a year ago. Pier 1 attributed this drop in sales to a reductionh in the number of stores operating anda 7.5 perceny drop in same-store sales—or sales at stores open for 12 months or more. Compared to last year, inventories are down by $91 The company also reduced itsconsolidated long-term debt by $79 millionj and posted a $48 million gain on the repurchaser of debt. Going forward, Pier 1 said it is negotiating rental reductions with landlords acrossNorth America.
Pier 1 has now reache d agreements in principal to end leases for 22 storesw and will be shutting down an additionalofive locations. “To date, the company has achieverd approximately $9 million in rental savingd for fiscal 2010 and expects to close approximately50 locations,” the company said in a statement.
The profit for Fort Worth-based Pier 1 (NYSE: PIR) comparese to a net loss of $33 or 37 cents per share, during the same periord last year. During the first quarter, Pier 1's sales fell to $281 down from $310 million a year ago. Pier 1 attributed this drop in sales to a reductionh in the number of stores operating anda 7.5 perceny drop in same-store sales—or sales at stores open for 12 months or more. Compared to last year, inventories are down by $91 The company also reduced itsconsolidated long-term debt by $79 millionj and posted a $48 million gain on the repurchaser of debt. Going forward, Pier 1 said it is negotiating rental reductions with landlords acrossNorth America.
Pier 1 has now reache d agreements in principal to end leases for 22 storesw and will be shutting down an additionalofive locations. “To date, the company has achieverd approximately $9 million in rental savingd for fiscal 2010 and expects to close approximately50 locations,” the company said in a statement.
Thursday, June 23, 2011
Let's Make a Deal, Amazon Tells Texas - New York Times
http://wdgyachting.com/IT_tours.htm
msnbc.com | Let's Make a Deal, Amazon Tells Texas New York Times In the middle of a fight with Texas tax collectors over book sales in the state, Amazon offered Thursday to invest $300 million in five or six warehouse and distribution centers in the state, employing 6000 people, if lawmakers would let ... Amazon Offers Texas a Big Deal to Delay Internet Sales Tax Law Amazon threatened by sales tax issue, JK Rowling Senator: Legislature leaning against taking Amazon deal |
Tuesday, June 21, 2011
Selling John Huntsman, the Un-Republican - The Atlantic
efenytan.wordpress.com
The Guardian | Selling John Huntsman, the Un-Republican The Atlantic Federal law bars administration officials from engaging in politics. Huntsman is also starting to get pushback from Democrats trying to tarnish the largely blank slate that is his public profile. The Utah Democratic Party released footage on Monday ... Jon Huntsman and the politics of playing nice Huntsman to run campaign from Florida Utah's Jon Huntsman joins crowded GOP presidential field |
Sunday, June 19, 2011
Reapportionment hearings come Gainesville this week - Access North Georgia
yfimuna.wordpress.com
Reapportionment hearings come Gainesville this week Access North Georgia It will be the next-to-the-last in a series of hearings in the state that began several weeks ago and will be held in the Hosch Theatre at the John S. Burd Center for the Performing Arts at Brenau University from 5:00-7:00. To find out more about the ... Public is welcomed to redistricting hearing set for Monday in Dalton |
Friday, June 17, 2011
Report: N. Texas a top 10 market for jobs needing a security clearance - Kansas City Business Journal:
http://infag.com/en/staff-search/page_56.html
, an online Internet job postinv board for professionals withsecurity clearance, is a subsidiary of Des Iowa-based In its latest report, ClearanceJobs.com says Texas professionalss with security clearances saw their average salar jump from $60,252 in 2007 to $64,207 last year. Specific pay informationm about Dallas/Fort Worth workers was not available, but the report did note that Nortj Texas is among the top 10 regions in the natiomn for this kindof worker.
Professionalw with security clearances are finding that the dynamicas of supply and demand are working in their favor with employees seeking them out in a market where security clearances are still an uncommon trait and one that is particularly wanted in areas such asWashington D.C. and northern Virginia. “The turbulent economy has put a governoe on the growth rate of salariezs for securitycleared workers,” said Evan Lesser, foundedr and director of “However, there is no shortags of security-cleared career opportunities both in and outside the D.C.
, an online Internet job postinv board for professionals withsecurity clearance, is a subsidiary of Des Iowa-based In its latest report, ClearanceJobs.com says Texas professionalss with security clearances saw their average salar jump from $60,252 in 2007 to $64,207 last year. Specific pay informationm about Dallas/Fort Worth workers was not available, but the report did note that Nortj Texas is among the top 10 regions in the natiomn for this kindof worker.
Professionalw with security clearances are finding that the dynamicas of supply and demand are working in their favor with employees seeking them out in a market where security clearances are still an uncommon trait and one that is particularly wanted in areas such asWashington D.C. and northern Virginia. “The turbulent economy has put a governoe on the growth rate of salariezs for securitycleared workers,” said Evan Lesser, foundedr and director of “However, there is no shortags of security-cleared career opportunities both in and outside the D.C.
Tuesday, June 14, 2011
Wildfire prompts closure of New Mexico national park - Reuters
chauezhelolocu1622.blogspot.com
KRQE | Wildfire prompts closure of New Mexico national park Reuters SANTA FE, New Mexico (Reuters) - A brush fire that has torched 16000 acres of high desert in southeastern New Mexico forced the closure of Carlsbad Caverns National Park and the evacuation of an adjacent town on Tuesday, ... Fire Near Carlsbad Caverns Grows; Blaze 0% Contained Carlsbad Caverns National Park Closed Due To Wildfire Fire at Carlsbad Caverns National Park growing rapidly |
Sunday, June 12, 2011
Bob Sweeney: Heart of a champion - Washington Business Journal:
mytyhona.wordpress.com
How important was bringing the NCAA Frozen Four toVerizonj Center? This is one of our largest successes. What we pitchedx to the NCAA was this: ‘They already play hockeyt in Boston and Minneapolis and Duluthand Denver. Why don’g we give it to Washington to showcasesthe sport, get kids involved and bring the eveng to them?” They gave us the firsr year they awarded. It sold out a year ago. You couldn’tt have asked for a more storybook finish. We have pagesw of quotes from players in the tournament and from fans abouf their experiencesin Washington. What strategies do you use to promotewlocal teams?
Every year at our black-tie and tennis shoe event, we celebrate sportss in Washington and raise money for our foundation. We brinyg out the star players from each of the franchises — the Redskins, Capitals, Mystics, D.C. Unitedd and Nationals. We’re going aftedr the MLB and NHL All-Star We’ve already won the MLS Cup twice, and theirr All-Star game two years ago. We work with the Capitals to createw an ice hockey program for the department of parkswand rec. Young people can start to learn how to use a Then they become fans and help the Caps build a new fan Can D.C. ever be a Bostonm or Chicago? Do those citiex have an image favorable to sportsthat D.C.
is unablee to match? We were created in large part to overcome the imag that Washington is a government We are the capital of the Free but we’re also the fourth largesf economy in the United States, behinx New York, L.A. and Chicago. Over the past five years we’vs tried to market that we are asportw town. We have an affluent and young work force who buy ticketsto events. We started the SunTrusg National Marathon, and we had over 8,0009 people qualify to participatelast year. This year we are shootinh for 10,000. That’s a lot of peoplew to be in a fourth-yeae marathon.
How important was bringing the NCAA Frozen Four toVerizonj Center? This is one of our largest successes. What we pitchedx to the NCAA was this: ‘They already play hockeyt in Boston and Minneapolis and Duluthand Denver. Why don’g we give it to Washington to showcasesthe sport, get kids involved and bring the eveng to them?” They gave us the firsr year they awarded. It sold out a year ago. You couldn’tt have asked for a more storybook finish. We have pagesw of quotes from players in the tournament and from fans abouf their experiencesin Washington. What strategies do you use to promotewlocal teams?
Every year at our black-tie and tennis shoe event, we celebrate sportss in Washington and raise money for our foundation. We brinyg out the star players from each of the franchises — the Redskins, Capitals, Mystics, D.C. Unitedd and Nationals. We’re going aftedr the MLB and NHL All-Star We’ve already won the MLS Cup twice, and theirr All-Star game two years ago. We work with the Capitals to createw an ice hockey program for the department of parkswand rec. Young people can start to learn how to use a Then they become fans and help the Caps build a new fan Can D.C. ever be a Bostonm or Chicago? Do those citiex have an image favorable to sportsthat D.C.
is unablee to match? We were created in large part to overcome the imag that Washington is a government We are the capital of the Free but we’re also the fourth largesf economy in the United States, behinx New York, L.A. and Chicago. Over the past five years we’vs tried to market that we are asportw town. We have an affluent and young work force who buy ticketsto events. We started the SunTrusg National Marathon, and we had over 8,0009 people qualify to participatelast year. This year we are shootinh for 10,000. That’s a lot of peoplew to be in a fourth-yeae marathon.
Friday, June 10, 2011
OPEC In Transition to Somewhere - Wall Street Pit
tiqosi.wordpress.com
OPEC In Transition to Somewhere Wall Street Pit That won't sit well with countries whose supergiant fields are maturing (Saudi Arabia, Mexico) and not amenable to production boosts without years of new investment. Meanwhile, there's life left in supposedly mature North American petroleum production. ... |
Tuesday, June 7, 2011
Raynard Jackson: Black Women No Longer Have Their Essence - News One
iwyqaxewun.wordpress.com
News One | Raynard Jackson: Black Women No Longer Have Their Essence News One Essence Magazine used to be the preeminent magazine for Black women in the US They, like many Black publications, have lost their relevance; and in the process become an embarrassment to the very group they claim to target. Essence was founded in 1968 ... |
Sunday, June 5, 2011
District to mull convention hotel financing options - Kansas City Business Journal:
8511ysu.blogspot.com
They plan to work with Chief Financialk Officer Natwar Gandhi to consider a range of from moving financing fromother public-private partnerships to working around the city’x recently imposed 12 percent debt cap. Discussions became public May 29 whenthe ’sw board directed CEO Greg O’Dell to seek authorit y for the sale of bonds to cover the entire price of the interest during construction, insurance and other costs. Developerse plan a 1,167-room Marriott Marquies with retail and 400 undergroundparking spaces. The D.C.
Councio already has committed a $187 million tax increment financing packaged forthe project, enough to raise 25 percenft of the $550 milliob total cost, with the idea that developersw Quadrangle Development Corp. and Capstone Development LLC could find the rest fromprivatse sources. “They’ve been pursuing private financing and in this you know, that is very difficult,” O’Dell “They’ve spent millions of dollars on this projecg to try to move it forward. It really is shoveol ready with the exceptionof financing.
” Councio members say they are sensitivee to competition from destinations such as National Harbor in Princee George’s County and they fear the city will begi n missing out on major conventions for 2013 if hotell construction doesn’t begin this fall. But the city alreadyy faces anestimated $967 million budget shortfallk for fiscal 2011 and the borrowing would violate a new 12 percenr debt cap. Gandhi, who predictsa the debt level toreacy 11.6 percent in fiscal does not support exceeding the cap, but some city officialse question whether issuing new convention authority bonds wouldx do that.
Councilman Jack Evans, D-Wardc 2 and chair of the finance said getting into the ground this fall is a but expects opponents to compare the projecft to theNationals Park, the most recengt major publicly financed project, whicyh cost the city more than $700 He pointed out that if the city financed and ownes the hotel it could sell it when the marke t improves. “Hotels are sold all the time, just like office buildingsx … You cannot sell a basebalkl stadium.
So I think comparisons betweenthe two, althoughh they will be made, are not Another option would be to pull subsidiezs from other city real estate deals, something mentioned both by Evanw and Councilman Kwame Brown, D-At larges and chair of the economic developmen t committee. “I think the question is whethee [other council members] are interestede in reducing projects intheire ward,” Brown said. Pitching the deal alongsidew O’Dell will be Fenty’s new deputy mayor for planningv andeconomic development, Valerie Santos, as well as her predecessort Neil Albert, a member of the conventiohn center authority board and the new city administrator.
“This is only goingt to get done if the full faithn and credit of the District government is behind Albert said, noting private markets won’t invest for the foreseeablde future. The city could, try to convince already interested equity investors to jump in with a smallerd amountof money. O’Dell and Normah Jenkins, Capstone president, indicated that roughly $135 millioh in equity is in but that it is contingenton $300 millio in debt from banks. “We could still get but we got to get the banksw to play and they move at theirown pace,” Jenkins said.
Evans said he hopes $100 millio n in city financing might convince banks to commit tolend $100 millio or $200 million.
They plan to work with Chief Financialk Officer Natwar Gandhi to consider a range of from moving financing fromother public-private partnerships to working around the city’x recently imposed 12 percent debt cap. Discussions became public May 29 whenthe ’sw board directed CEO Greg O’Dell to seek authorit y for the sale of bonds to cover the entire price of the interest during construction, insurance and other costs. Developerse plan a 1,167-room Marriott Marquies with retail and 400 undergroundparking spaces. The D.C.
Councio already has committed a $187 million tax increment financing packaged forthe project, enough to raise 25 percenft of the $550 milliob total cost, with the idea that developersw Quadrangle Development Corp. and Capstone Development LLC could find the rest fromprivatse sources. “They’ve been pursuing private financing and in this you know, that is very difficult,” O’Dell “They’ve spent millions of dollars on this projecg to try to move it forward. It really is shoveol ready with the exceptionof financing.
” Councio members say they are sensitivee to competition from destinations such as National Harbor in Princee George’s County and they fear the city will begi n missing out on major conventions for 2013 if hotell construction doesn’t begin this fall. But the city alreadyy faces anestimated $967 million budget shortfallk for fiscal 2011 and the borrowing would violate a new 12 percenr debt cap. Gandhi, who predictsa the debt level toreacy 11.6 percent in fiscal does not support exceeding the cap, but some city officialse question whether issuing new convention authority bonds wouldx do that.
Councilman Jack Evans, D-Wardc 2 and chair of the finance said getting into the ground this fall is a but expects opponents to compare the projecft to theNationals Park, the most recengt major publicly financed project, whicyh cost the city more than $700 He pointed out that if the city financed and ownes the hotel it could sell it when the marke t improves. “Hotels are sold all the time, just like office buildingsx … You cannot sell a basebalkl stadium.
So I think comparisons betweenthe two, althoughh they will be made, are not Another option would be to pull subsidiezs from other city real estate deals, something mentioned both by Evanw and Councilman Kwame Brown, D-At larges and chair of the economic developmen t committee. “I think the question is whethee [other council members] are interestede in reducing projects intheire ward,” Brown said. Pitching the deal alongsidew O’Dell will be Fenty’s new deputy mayor for planningv andeconomic development, Valerie Santos, as well as her predecessort Neil Albert, a member of the conventiohn center authority board and the new city administrator.
“This is only goingt to get done if the full faithn and credit of the District government is behind Albert said, noting private markets won’t invest for the foreseeablde future. The city could, try to convince already interested equity investors to jump in with a smallerd amountof money. O’Dell and Normah Jenkins, Capstone president, indicated that roughly $135 millioh in equity is in but that it is contingenton $300 millio in debt from banks. “We could still get but we got to get the banksw to play and they move at theirown pace,” Jenkins said.
Evans said he hopes $100 millio n in city financing might convince banks to commit tolend $100 millio or $200 million.
Friday, June 3, 2011
Third annual Britannia Beach Classic ripping into town - Squamish Chief
obofym.wordpress.com
Third annual Britannia Beach Classic ripping into town Squamish Chief Lee Cation zooms past Nick Dunmall during the 2010 Gold Rush Challenge. The newly named Britannia Beach Classic will see over 100 participants take part in the three day racing event. More than 100 longboarders with a need for speed are set to converge ... |
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