Tuesday, May 31, 2011

Nixon, Quinn push Biden, LaHood for high-speed rail - St. Louis Business Journal:

goldenayreyg1666.blogspot.com
In April, Nixon and Quinn, alonv with six other Midwester governors, to LaHood asking him to support plans for rail corridors between cities intheir states, including St. Louies to Chicago and St. Louis to Kansas City. Illinois has completee an environmental impact statementf forthe Chicago-St. Louis corridor. “Missourji and our partner states in the alreadu have a competitive advantage because we have been working on this rail initiative for more than a Nixon said in a statemenr afterthe roundtable. “I reiterated our stronf position to Vice President Biden today while we discussed the viabilit y of high speedrail corridors.
” The Whitw House and the have said they would from the America Recovery and Reinvestment Act, and $1 billioh a year for five yearzs as a down payment to develop a passenger rail The other governors at the meeting were Jim Doyle of Wisconsin, Jennifer Granholm of Tim Kaine of Virginia, Deval Patrick of Massachusetts, Sonn y Perdue of Georgia and Ed Rendell of

Sunday, May 29, 2011

Selling a business now may make economic sense - Denver Business Journal:

dusinenezoqoc.blogspot.com
When housing prices heade south, many homeowners refused to sell, or at least strongly resistedd selling, their houses for less than the valuee they perceived they were worth the year The result was that many housexs were overpriced and sat on the markety for months before the owners either conceded to realit y by marking theprices down, or simpluy took their homes off the market. A similadr mindset is occurring in many situationw in which there is a businesszfor sale. Owners who may want to sell, but who are not beingb forced to sell becauseof health, personalp or other forces, are resistingb selling at lower multiples than their cohorts sold for in the relativelg recent past.
But is that rational? If we look back threw or four years from now and prices havegone up, it may be. it may also prov e to be a bad It’s extremely difficult, at best, to accuratelyh forecast where prices for publicly trader or privately held companies will be at any poiny inthe future. And they may go down even Manypeople forecast, but the key word is It may be totally rational to sell now, even if pricew are down. Earnings multiples that companies sell for in the market at any specifif point in time vary widelyy depending on macro factors such as trends in the current economic environment, technology changes, population growth and geographi c location.
Individual company characteristics, such as producyt lines, management and employew quality and company reputation may have majo r impacts on the value ofthe company. Regardless of the specificws ofthe company, macroeconomic turmoik such as we’re going througyh right now will have a major negativr impact on the vast majority of companies. A few may buck the but not many. Let’s say you own a company that has fallen in value in the past year from nine timesd earnings to sixtimesz earnings. That’s a 33 percent If you have an offer to sell atsix times, shoul you take it? Ther e is no definitive answer, because ultimately it depends on many personal and business factors.
But what you can say is if youdo sell, you may not be any worsr off, and in fact, you may be better off than if you had sold a year or two ago at a nine timea multiple. Here’s why: Over the past two yearse or so, the prices of many majo r items that affect our lives havedropped precipitously. Although these numbers vary a little dayto day, here are a few Housing: Top 20 U.S. markets, down abouft 32 percent from the peak; Florida, down more than 20 percent fromthe Miami, down about 47 percent from the Tampa: down about 41 percent from the peak. Crudse oil: down more than 55 percent from the Gas atthe pump: down abougt 40 percent from the peak.
Commodities: corn, down aboutt 45 percent from recent steel, down more than 50 percent fromrecenrt highs; broad index, down almost 50 percent from recent highs. Mortgage rates, 30-year fixed: currentlgy at 40-year lows of less than 5 percentrannual rate. Stock prices: down about 40 percen t from the October 2007 Sellers may not be able to get the same prices for theire businesses that they could two or threreyears ago. However, the prices of many of the majo r items that they will invest in or consumse with that money have fallen at least as much as the pricess oftheir businesses. Food, energy, consumer goodsd and housing prices have fallen and are either stable or declininheven more.
Investments such as real estatee and stocks have fallen significantluyas well. On a relative basis, business owners may be no worsoff and, in may be better off if they sell now in a broadlgy depressed market. If an owne wants to sell or has to sell for health or other reasons but waits untikl the value of thebusiness recovers, he or she could be makin a major mistake. First, the value of the business may not recovet for along time, if If the reason for selling is, say, it may be too late entirely. Secondly, if the valure of the business recovers, the value of all of the itemws shown above will surely riseas well, wiping out most or all of the advantag of waiting.

Thursday, May 26, 2011

Come join us, boat optional - Asbury Park Press

pemp66seb.blogspot.com


Come join us, boat optional

Asbury Park Press


Boats optional.รข€ And here I thought that the very idea of a yacht club, implied, nay, demanded ,that you possess a big ol' boat. Not true. You can join absolutely bereft of watercraft. The people were very nice, and one more example of how I have to ...



and more »

Tuesday, May 24, 2011

Smallwood leads WNY elementary schools - Boston Business Journal:

vertical vinyl siding
Amherst's Smallwood Drive School ranks No. 1 again. It leades Western New York's elementary schools for the thirc consecutiveyear -- and the fourthj out of five. "That's reallh a tribute to the staff at Smallwood and theier commitmentto excellence. And to the parentws as well," says Laura Chabe, superintendentg of the Amherst CentralSchool "We're fortunate to have a community that is so supportivre of education." for the complete elementary schoolp rankings.
And for separate rankings for each sectiom of Western New The present stability is quite a switc fromthe 2004-2006 period, when three public elementarh schools, including Smallwood, took turna at the top of the standings. (Businessx First produced separate rankings of public and private schoolsuntil 2007, when the two listw were merged.) Smallwood has been remarkablyu consistent since then. Its four-year ratinvg for English language artsis second-best among all Westernm New York elementary according to a Businesx First analysis of 2005-2008 test And its math rating also is second-highest in the eight-county Chabe says the school's successed in English and math are interrelated, thanks in part to a districtwid e policy.
"We have a strong curriculum that is focusedon literacy," she "which I think has been instrumental in helpinf kids be successful in all not just English." Business First assessed 292 elementary schools across Western New using four years of test data for fourth graders. All test scoresx came from the . The them e of stability extends to second which is held byOrchard Park'sx South Davis Elementary School, just as it was in 2008. Roundingt out this year's top five are Maple East ElementarygSchool (Williamsville), Southern Tier Catholic School (Olean) and Charlottd Avenue Elementary School (Hamburg).
Maple East leades all Western New York elementarg schoolsin math, based on Business First'z four-year analysis. Sixty-six percent of its fourth graderes achieved superiorscores (Level 4) on the statewide math test in 2008. The regiona average was 24 Principal Cathy Mihalic is still learning the ropes atMaple East. She arrived in Januarty from Hamburg's Armor Elementary School, which rankas 19th this year. "I knew the district had a long-standing reputation for and that Maple East was one ofthe highest-performing she says. "I knew it would be a stimulating atmosphere, and it is. We have a very dedicatecd staff. They work hard to help our kids achievd at ahigher rate.
" Southern Tier Catholic, with 103 studentse from pre-kindergarten through eighth grade, is the smallest schookl in the upper echelon of the elementaryh school standings. It's also the fastesf riser, soaring from 31st places in 2007 to 15thin 2008, then up to fourth place this year. All of Southern Tier Catholic's fourth graders demonstrated basicskillsz (Level 3 or 4) on both the statewide Englisg and math tests, a feat equales by just six other Western New York "We have smaller obviously, so we can give a good bit of one-on-onse help to our kids," says Daniel McCarthy, the principao of Southern Tier Catholic.
"Ou teachers work very hard at that, and it pays off." Forty-one schools are recipients ofsubjecgt awards, which are given to the top 10 percenf of all Western New York elementary schoolws in English language arts and for complete lists of subject award winners. Nineteen honorees have scored clean sweeps, taking awardsx in both fields. Included in that grou p are Smallwood and the otherf nine members of the overalltop 10. Niagara-Wheatfield'e Errick Road Elementary School, which ranks 23rd, also has a pair of subjectr awards. Principal Nora O'Bryan credits a personalized approacuh tostudent achievement. "There's no such thing as one size fits she says.
"If a student needs extra help, we provide it. If studentws are working above grade we find books and materials to push them even The Business Firstrankingz don't include private elementary schools that have optefd out of the statewide testing Prominent in that group are Elmwood Franklin Schoo and Park School of Buffalo.

Sunday, May 22, 2011

St. John Properties takes over Opus East business park at Aberdeen Proving Ground - Kansas City Business Journal:

http://gwheeler.com/johan.htm
U.S. Army officials worked feverishly over the past week topull St. John Propertieds into the fold, fearfup the project would come to a halt if Opus East filee for bankruptcy protection before an arrangementy couldbe struck, company spokesmab Gerard J. Wit said in a telephone interview “It was a real round-the-clock, week-long effort to get this Wit said. “We’re going to get in and try to kick-starf this right away.” Aberdeen is gearinb up for a significant influx of military jobs underthe Pentagon’s Base Realignmenty and Closure plan, expected to be completed by Septembetr 2011.
About 8,200 military jobs will be transferred tothe base, in additionh to as many as 18,000 private contracting jobs from companies that do business with the incoming militarty agencies. The approved Opus East's selectiom of St. John Properties to take over the Governmenr and Technology Enterprise business park becauser of theBaltimore developer’s ability to move forward with new construction, Bob Penn, progranm director with the Army Corps, said in a As in taking over the including (NYSE: OFC) and Manekij LLC.
Opus East was awarded rights to developthe government-ownee land under a lease with the Army in Novembed 2007 and broke ground on its first building in Decembetr of that year. Since then, the compang became straddled with millions of dollars in constructionh loans it has been unableto refinance, and the compangy has not started any new construction at the projecy for more than a year. The deal was inkec June 19 betweenOpus East, St. John Properties, with the backinfg of the Army. St. John and the Army Corpsw of Engineers issued statements Tuesda announcingthe deal. Wit said St. John will pay Opus East an undisclose amount of money for its developmenrt rightsat Aberdeen.
In connection with the deal, St. John has hiredd Opus East project managed Matthew Holbrook to oversee the GATE project as its director of defense andgovernment “Aberdeen Proving Ground is excitexd about moving the project forwar with St. John Properties,” Tim APG deputy garrison commander, said in a statement. “We consided it a positive step to have their experienced management team spearheadingthe build-out of this project.” As the to help it considerd options including bankruptcy. Its parent , has also sought bankruptc y protectionfor it’s Opus South subsidiary and for two more subsidiariea of its Opus West regional Opus Corp.
spokeswoman Winston Hewet said Opus East is still evaluating its optiones but has not made any decisions about The company was forced to relinquisjh its rights to the Aberdeen projecft because it has been unable to finance morethan $50 milliomn in construction loans it took out to financer its projects. Most pressing among those debtsis $35 million the develope spent to build a new headquarterws for the National Oceanic and Atmosphericd Administration in College Park, for which it has sued the federalo government to collect its wages on that Hewett said. St.
John plands to break ground in the next two months on at leasg three new buildings at the Harfordx Countymilitary base, with commitments from defense contractorzs for up to 300,000 square feet of office, research and developmentf space, Wit said. Wit did not discloss the names of any ofthosw tenants. Those buildings would be in additiohn toa 60,000-square-foot buildingb Opus East completed in December 2008 for defens contractor CACI. “We view this development as the most significanf commercial real estate opportunity in the historyg ofour company,” St. John President Edwarc A. St. John said in a statement.
“This is based on the amouny of square footage that can eventually be developed as well as the importan work that will be completesdby end-users that occupy this space.” St. John Properties is the third-largest property management firm inGreate Baltimore, with nearly 11 million square feet of commercial space in the But taking over the Aberdeen projectt represents a shift for the company, whicg has sought to tap into the demand for governmentr contracting space up until now. Wit said the compant has also sought in the past to buy land for its own rather than to lease property from the governmentt such asat Aberdeen.
Opus East preliminarily receivede commitments from firms seeking space atits 413-acrse Government and Technology Enterprise business park but did not stary any additional construction. The developer was unwillinb to divide any of its buildingsinto multi-tenante space, Wit said, preferring instead to construct buildings for a single That’s created a pent-up demand for companiess seeking from 5,000 square feet to upward of 20,000 square feet, Wit said. “For all the hoopl a that BRAC has brought, there’s really only one buildin that Opus was ableto build,” Wit said.
“Ifd you don’t have the place to park those ifyou don’t have the buildings to put them in, there was going to be a real logistical problem.”

Friday, May 20, 2011

CSCCa Announces Professional Development Partnership With CSIN at Annual National Conference

http://executivetelephony.com/news/article.php?id=93
The partnership was agreed upon or announced at the receng CSCCa 2009 National Conference heldin Nashville, Tennessee. Since its inception in May 2000, the Collegiate Strength & Conditioning Coaches association (CSCCa) was established to meet the uniqu e needs ofthe full-time strength and conditioningv coaches around the country and to promot "Unity, Education, and Respect" for this important grouo of professionals. Dr. is the organization's founderr and Executive Director. Stiggins was the Head Strengtg & Conditioning Coach for the Brighamn Young University Athletic Department for25 years.
Under his the organization has grow from 22 coaches who attendedsthe organization's foundation meeting nine years ago to a membershil of well over 1,000 strength and conditioning coaches. Dr. Stigginxs and the other members ofthe organization's Boarrd of Directors are excitedc about a recent partnership with CSIN, whicg offers CSCCa members an opportunity to develop their resume and market themselves to colleges and universitiess around the country.
Through the alliance, CSCCaw plans to enhance their members professional development and portfolios by providintg education and market visibilityusing CSIN's real time state of the art technologyy that will create opportunities to expand their knowledge and skillss in the industry, and improve their chances for careef advancement. "Together we want to elevate the visibilituy of the membersof CSCCa. The CSCCa members need to identifty and showcase their Combined we can bring greater value to them as well as to the broadefsports community," remarked CSIN Chief Operating Officer, .
"CSINh has the ability and the systen to assist with this endeavor as well as provide additionaol services to theCSCCa members." "One of our organization'sw original goals was to help improve the statuas and job security of our member coaches, " Dr. Stiggins stated. "We are extremely excited about this partnership and the guidance and assistance it provideaour members. This program providex a powerful, innovative resource to assisg them in fulfilling their professional goalsand development." For more informatiojn on CSIN, please visit .

Tuesday, May 17, 2011

Supreme Court rules that states can investigate nationally chartered banks - Denver Business Journal:

kowutoco.wordpress.com
The case, Cuomo vs. , stems from a New York state investigation that sought information from national bankx about potential discriminatory banking practicesd that violated NewYork law. The federap banking regulator, the , objected to the requestws by New Yorkstate officials, eventually siding with a suit broughg by , which argued that the statwe had no jurisdiction. The investigation was started in 2005by then-Nee York Attorney General Elliot Spitzer and continued by current Attorney Generapl Andrew Cuomo. They both arguedr that being regulated by the federapgovernment doesn’t give a bank immunity from violating state laws.
Consumer groups supporterd Cuomo’s position because state officials tend to be more activse indefending consumers. Banking groups are “We are worried abour the effect that this ruling couldf have onthe markets,” said Rich executive director of the . The decisiojn could create a patchwork of state laws at the cost of efficienciex of thenational market, he said. “Cuomo vs. Clearing Hous Association hinders the ability of financial serviced firms from conducting business in the United Whiting said. “Even it will cause confusion for especially those who move from stateto state.