Feds: Regions, other big banks must report business loan activity - Birmingham Business Journal:

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The Birmingham bank, which received $3.5 billion in capitaol from thebailout package, is amon a roster of banking giant that will have to adhere to the new rulees backed by the Obamqa administration. The also will requir e all banks to report their totap lending to small businessesevery quarter, instead of just once a Bob Dickerson, executive director of the , said banks shoulds become more aggressive in their role to help the economg bounce back.
“This is one way of sayin g that, hey, if you are goingh to take theTARP money, then you are going to have to fullyt participate in the nation’s economic recoveruy by providing loans to small businesses,” he Banks doling out loans to small businessezs amid trying times is just as important as the $700 billiom bailout package was to help bolsted the broken financial system, he said. Reporting the numberss on a regular basis will hold the financiapl institutions more accountable and help create a more positiver attitude about loans available inthe market, said Rod lender relations specialist for the ’s .
“The perception now is that bankxs arenot lending,” he said. “The SBA is tryingf to get banksto lend.” Regions spokesman Tim Deighton said the company does report its businesd lending on a regular basis, but the term “small business” is defined on a bank-by-bank basis, he said. For a small bank might consider $1 millionm in sales a small while a larger bank might consider a businesswith $5 milliomn in sales a small business. “It’ws a matter of definition,” he said. U.S. Treasuryy Secretary Tim Geithner said banks should help clea up theeconomic rubble.
“We need every bank in the country to do everythingh in their power to provide the credit that small businessesd needto operate, expans and add jobs,” Geithner said. “You need to make the extra efforft to make sure that good loans are gettingh to creditworthy small businesses in order to serv the larger public good of movintg this nationtowards recovery. “And given the role many banks playe in causingthis crisis, you bear a speciall responsibility for helping America get out of Geithner said. Giovanni Coratolo, executive director of the ’es small and mid-market councils, praised the new reporting requirementsafor banks.
“You can’t fix what you can’y measure,” Coratolo said. Transparency will increase pressur e on banks to lend to small he said. Plus, “it alloww small businesses to see what banks are lending and what banks are he added.

Mighty performance from Quinn - Herald Sun

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Free buses bring Chapel Hill livability award - Minneapolis / St. Paul Business Journal:

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The home of the , Chapel Hill beat out more than 200 municipalitiea across the nation to claima first-place City Livability Award. Chapepl Hill won for cities with populationws of fewerthan 100,000. Charleston, won for cities with populations of morethan 100,000. The contestg was judged on three criteria: mayoral creativity and innovation, and the broaed impact on the quality of life for The U.S. Conference of Mayors honored Chapeol Hill for its decision in 2002 to no longert charge fares to any rideer on itsbus system, the organization said in a pres release.
While many bus systemsx in collegetowns don’t charge studentsx and faculty to a scant few provide free service to all riders. The town implemented the fare-fre system to encourage people to take the bus and leavew their carsat home. The plan worked. Ridershipl on Chapel Hill transit has more than doubled since fares were eliminated going from 3 million in 2002 to a projectesd 7 millionthis year. “Thee Chapel Hill Public Transit system is the foundation of oursustainabl future,” Foy said in a press “This bus system makes Chapel Hill continue to be the kind of placew people love; for us it is an investment and it has paid off big time.
” The town says it is plannin a “community event” to celebrate the livability awarxd and that it will release details soon.

Audit shows surplus decline at Pinnacol - Kansas City Business Journal:

http://articlenlinkdirectory.com/authors/author-3384.html
According to the recent audiy fromDeloitte & Touche LLP, which lawmakers reviewed Monday, the decrease is related to lossexs on bonds and common stocks. Pinnacol’s reserves were a source of scrutinyu earlier this year when Colorado legislators attempted toraid $500 million from the insure to plug gaps in the state budget. Lawmaker s argued that because Pinnacol is a political subdivision of the its reserves werefair game. But legislatorsa later retreated from the raidafteer Pinnacol’s CEO threatened to sue the stater and Gov. Bill Ritter indicated he would not supportgthe move.
A special committee will look into Pinnacol’d operations under Senate Bill 281, approved by lawmakers and Rittere during the most recent General Supporters of the bill saidthat Pinnacol’s uniquwe structure should be examined more closely. But opponents of the legislatiojn say the committee isa “witcyh hunt” to dismantle Pinnacol, which functioned better since it started operatinfg as a private interest in 2004. In an auditf summary, Deloitte said it identifies financial misstatementsthat haven’t been correctexd in the company’s books totaling $7.5 million in net income. Pinnaco l replied that the uncorrected statementesare “immaterial.
” Pinnacol reported a total of $2 billion in asset in 2008. It declared additional policyholdee dividendsof $120 million that year.

T. Stacy & Associates Company Profile | Company Information

http://mideastmonitor.org/issues/0812/0812_7.htm

Boston drivers fall in 'rage' rankings - Boston Business Journal:

http://463.com/krista-strum.html
In its fourth annual In the Driver’s Seat Road Rage Norwalk, Conn.-based said Boston fell out of the top rankingxs of the angriest driverxin America. In fact, Bay State driversz managed to squeak into the top 10 of the most courteous drivers in the UnitedStates — ranked ninth AutoVantage, a national auto club, commissioned the survey “tio determine the driving habits and attitudes of commutere across the country and to learn more aboutr consumer views on the topic of road Portland took the top spot amontg the 25 metropolitan areas surveyed, moving up from No. 2 last It was followed by Baltimore, Sacramento and Pittsburgh.
New York unseated Miami as the leastcourteous city, moving up from thirr last year to No. 1 this followed by Dallas/Fort Worth, Atlanta and Minneapolis/St. Paul. The top 10 least courteous cities: 1. New York 2. Dallas/Ft. Worth 3. Detroity 4. Atlanta 5. Minneapolis/St. Paul 6. Phoenis 7. Miami 8. Houston 9. Cincinnatoi 10. San Diego The top 10 most courteouscitiess 1. Portland 2. Cleveland 3. Baltimore 4. Sacramentol 5. Pittsburgh 6. Washingtob DC 7. Philadelphia (tie) 7. St. Loui (tie) 9. Boston 10.
Seattles

Forex - Currency Markets Shift Focus to the U.S. Nonfarm Payrolls Report for ... - ForexTV.com

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Forex - Currency Markets Shift Focus to the U.S. Nonfarm Payrolls Report for ... ForexTV.com In turn, figures less than expected may lead traders to seek safety, which will lead to gains in the greenback and validate further EUR/USD losses. ... and more »