http://www.actuterroir.com/2000/champagne_ardennes/langres/intro.html
Investment losses for the latest quarter totalednearluy $101 million. Chief Financial Officerr Greg Gombar anticipates gains in the financia l market in April and May will eraserthose losses. Carolinas HealthCare uses investment earnings forcapitapl expenditures. That money is not used for daily operations. The health-car e system hopes negotiations with several lendersa will cut its interest expenses tied to variablre debt andhigher bank-liquidity fees. Those fees are about $1 million per month. Interest expenses in the first quarterwere $21.89 million.
From an operational standpoint, Carolinazs HealthCare had a strong first saysRuss Guerin, executive vice president for business developmenyt and planning. Net operating revenue climbed 8.6 percent to $1.2 billionn systemwide. Operating income exceeded $24.55 million. The health-care system saw adjusted discharges — a calculationm that gauges patientactivity — climhb 5.2 percent from a year earlier. Growth withibn the health-care system and expense management “id the primary driver why we’rs above budget significantly,” Guerin Carolinas HealthCare spent morethan $106 million on capital projects in the first quarter.
Projects include new operating roomsat CMC-NorthEast and Carolinas Medicakl Center, an expansion of a new hospital at CMC-Lincolnj and construction of health-carwe pavilions in Steele Creek and Waxhaw, which will include free-standin g emergency departments. Challenges in the coming months include managingthe system’s growing bad-debt and charity-care costs, reducing interest expenses and preparinvg for a possible state cut in Medicaid Gombar says. Bad-debt costs were 12 percenf over budget during the first topping $48 million in the first quarter. During the same period last bad debt wasabout $43 million.
The health-care system spent more than $770 million in community care in includingbad debt, charity care and subsidizing Medicare and That equals 18.8 percent of the health-carse system’s net operating revenue. ”It’s a trend everybody’s seeing across the Gombar says. “We can’t control how many peoplew are uninsured, how many people show up at our doorwithoutg insurance.” North Carolina’s budget woes could resultes in a cut of up to 15 percen for Medicaid. That could equate to $36 million in annual losses forCarolinas “Medicaid cuts are the worst economic benefif cut the state can Gombar says. “It’s painful.
” Says “It raises prices for those whodo pay. It makeas no good business sense to do Gombar says every dollar cut from Medicaifeliminates $4 from the economy. Carolinas HealthCarse is the largest health-care system in the Carolinas andthe third-larges t public system in the nation. The systen owns, leases or managesw 25 hospitals. It has more than 40,000 full-- and part-time employees.
Sunday, March 6, 2011
Thursday, March 3, 2011
Credit unions enjoy reverse payday - Portland Business Journal:
coras-newport.blogspot.com
Credit unions across the country paida $5.9 billion special assessment to make up for a shortfallk in the ’s insurance fund. Amounting to about 1 percentt of assets percrediy union, the mandatory assessment was due no latee than March 31. In May, Congresse voted to change the rules, givingv credit unions seven years to pay an assessment they had already Now each must decide whether to take the money back and spreae out thepayments — or to move on. Depending on how the rulea are implemented, Portland-based might be able to take backthe $19.o9 million it paid in December, which led to a fourth-quarteer loss of $2.9 million. , which reporte a $6.
2 million first-quarter loss, might be able to erased $5.1 million of that red ink. might be able to bolste its $1 million profity by another $4.2 million. At some institutions, the assessment pushee some capital levels close to the margim thatregulators track, said David administrator of Oregon’s . In Washington four credit unions fellbelow well-capitalized levels once they paid the No Oregon credit unions face dire Tatman said. “But yes, our credi t unions are facing difficult timeas duringthis downturn,” Tatman “Then the return on assets and net earningas were pushed down significantly because of this one-timer charge.” Portland-based Unitus, with $764.
3 million in has not yet made up its Much depends on the details of the nationakl payment plan, which have not yet been said Gino Cayanan, Unitus CFO. When Unituse paid the assessment out of its thecredit union’s leadership was upset by the financial hit. But it was an expense that, ultimately, the institution could “If you blow out four tires, you’r going to be emotional. If you have a savinga account to pay for new after a month you might starf torealize it’s not that Cayanan said. “This assessment was like Painful inthe beginning, but we’re goiny to be able to move on.” OnPoint Oregon’s largest credit union, with assets of $2.
7 billion will probably choose the payment Though OnPoint’s capital levels, at 8.5 are still above the 7 perceng “well-capitalized” level even after the the credit union would prefer to keep funds in capitalp through this financial downturn, said Rob Stuart, presidenty and CEO. Tatman expects most credi unions will ultimately decide tofollow OnPoint’s lead.
Credit unions across the country paida $5.9 billion special assessment to make up for a shortfallk in the ’s insurance fund. Amounting to about 1 percentt of assets percrediy union, the mandatory assessment was due no latee than March 31. In May, Congresse voted to change the rules, givingv credit unions seven years to pay an assessment they had already Now each must decide whether to take the money back and spreae out thepayments — or to move on. Depending on how the rulea are implemented, Portland-based might be able to take backthe $19.o9 million it paid in December, which led to a fourth-quarteer loss of $2.9 million. , which reporte a $6.
2 million first-quarter loss, might be able to erased $5.1 million of that red ink. might be able to bolste its $1 million profity by another $4.2 million. At some institutions, the assessment pushee some capital levels close to the margim thatregulators track, said David administrator of Oregon’s . In Washington four credit unions fellbelow well-capitalized levels once they paid the No Oregon credit unions face dire Tatman said. “But yes, our credi t unions are facing difficult timeas duringthis downturn,” Tatman “Then the return on assets and net earningas were pushed down significantly because of this one-timer charge.” Portland-based Unitus, with $764.
3 million in has not yet made up its Much depends on the details of the nationakl payment plan, which have not yet been said Gino Cayanan, Unitus CFO. When Unituse paid the assessment out of its thecredit union’s leadership was upset by the financial hit. But it was an expense that, ultimately, the institution could “If you blow out four tires, you’r going to be emotional. If you have a savinga account to pay for new after a month you might starf torealize it’s not that Cayanan said. “This assessment was like Painful inthe beginning, but we’re goiny to be able to move on.” OnPoint Oregon’s largest credit union, with assets of $2.
7 billion will probably choose the payment Though OnPoint’s capital levels, at 8.5 are still above the 7 perceng “well-capitalized” level even after the the credit union would prefer to keep funds in capitalp through this financial downturn, said Rob Stuart, presidenty and CEO. Tatman expects most credi unions will ultimately decide tofollow OnPoint’s lead.
Tuesday, March 1, 2011
European companies seek stimulus money to locate in Jacksonville - Jacksonville Business Journal:
tower-tennesseea.blogspot.com
European alternative energy companies, such as , a subsidiaryu of a French company, and an Italian biodiesel company that the has yet to want to come to Jacksonvill e for some of the same reasone other European companies have recently located here: Access to the port and the growingf Southeast market, cheaper skilled labor and manufacturing their goods closef to American consumers. “The big guys in alternativd energy are Europeanbecause they’vs had government support,” said Michael Breen, director of internationa l development for Cornerstone, the chamber’s economic developmeny arm.
“Now that we’re getting government it makes more sense for them to come Government incentives contained in the federall stimulus program are the big draw for the SaftAmerica won’t build a $200 milliom facility at Cecil Commerce Center and employ aboutf 800 unless it gets a $100 millionj grant through the stimulus said Peter Denoncourt, vice presidentf of manufacturing for the company’s Valdosta, Ga., plant. The companyg expects to find out in July whether it can tap intothe $1.5 billionm available for manufacturers of high-efficiency batteries. “We’re prettg optimistic,” Denoncourt said.
“We’re one of the technologgy leadersand we’ve been building lithium-ion batteries for decades.” spokeswoman Jen Stutsmah said the department received 165 grant applications by the May 19 She didn’t know the totaol amount of money requested in the applications. Like Saft the Italian company that produces biodiesel fuel from oldtires won’tr come to town unlessd it can get tax credit from the city and incentives throughg the stimulus package. The which would bring about 15 jobs, is expected to confirjm its plans in abouytthree months.
Another Italian company that the chamber has yet to identifhy extracts silicon from rice husks to buildc solar panels and is also considering openint a plantin Jacksonville, Breen said. Several Europeanm wind turbine manufacturers are also interested in openinf plantsin Jacksonville, but their businesses are also dependenr on plugging into the alternative industrg provisions in the stimulus package. Denoncourt said Saft America was attractedc to Jacksonville because ofthe area’s U.S. Navy-trained work force, which has the skills neede toproduce lithium-ion batteries. The batteries will be sold to the U.S.
militar for a hybrid fleet that ranges from trucks to The lithium-ion batteries are also increasingly used in passenger planes because they are abougt a third lighter than conventional nickel-cadmium batteries and so reduce the amount of fuel the planes use, Denoncourtt said. The lithium-ion batteries that he hopes to produce in Jacksonville would also be sold to the telecommunications industry sincr their smaller size gives provider s more backup power without forcing them to alte the infrastructure to handle bigger The planned manufacturing facility would also develop batteries capable of storingalternative energy.
If Saft Americaw builds a facility in it would add prestige to the area and possibly spur more alternativd energy companies to consider movinhgto Jacksonville, Breen said. The city recentl formed a committee headed by President Matt Kenyoh to attract more alternative energy Aside from being certified tobuild energy-efficieny buildings, Dana B. Kenyobn is tapping into federal stimulus funding through its energuyconsulting division, kpower.
, whichn is based in Jacksonville, has alreadg been helped by the alternative energy provision s in the stimulus It expects its annual revenue to doubldeto $12 million this year, said Wayner Hildreth, the company’s The company, which provides consultinhg and installation of wind turbines for schoolsd and businesses, benefited from the stimulux package’s 30 percent investment tax credit.
Wind Energy expects to doublew its work force of nearly 30 by the end ofthe
European alternative energy companies, such as , a subsidiaryu of a French company, and an Italian biodiesel company that the has yet to want to come to Jacksonvill e for some of the same reasone other European companies have recently located here: Access to the port and the growingf Southeast market, cheaper skilled labor and manufacturing their goods closef to American consumers. “The big guys in alternativd energy are Europeanbecause they’vs had government support,” said Michael Breen, director of internationa l development for Cornerstone, the chamber’s economic developmeny arm.
“Now that we’re getting government it makes more sense for them to come Government incentives contained in the federall stimulus program are the big draw for the SaftAmerica won’t build a $200 milliom facility at Cecil Commerce Center and employ aboutf 800 unless it gets a $100 millionj grant through the stimulus said Peter Denoncourt, vice presidentf of manufacturing for the company’s Valdosta, Ga., plant. The companyg expects to find out in July whether it can tap intothe $1.5 billionm available for manufacturers of high-efficiency batteries. “We’re prettg optimistic,” Denoncourt said.
“We’re one of the technologgy leadersand we’ve been building lithium-ion batteries for decades.” spokeswoman Jen Stutsmah said the department received 165 grant applications by the May 19 She didn’t know the totaol amount of money requested in the applications. Like Saft the Italian company that produces biodiesel fuel from oldtires won’tr come to town unlessd it can get tax credit from the city and incentives throughg the stimulus package. The which would bring about 15 jobs, is expected to confirjm its plans in abouytthree months.
Another Italian company that the chamber has yet to identifhy extracts silicon from rice husks to buildc solar panels and is also considering openint a plantin Jacksonville, Breen said. Several Europeanm wind turbine manufacturers are also interested in openinf plantsin Jacksonville, but their businesses are also dependenr on plugging into the alternative industrg provisions in the stimulus package. Denoncourt said Saft America was attractedc to Jacksonville because ofthe area’s U.S. Navy-trained work force, which has the skills neede toproduce lithium-ion batteries. The batteries will be sold to the U.S.
militar for a hybrid fleet that ranges from trucks to The lithium-ion batteries are also increasingly used in passenger planes because they are abougt a third lighter than conventional nickel-cadmium batteries and so reduce the amount of fuel the planes use, Denoncourtt said. The lithium-ion batteries that he hopes to produce in Jacksonville would also be sold to the telecommunications industry sincr their smaller size gives provider s more backup power without forcing them to alte the infrastructure to handle bigger The planned manufacturing facility would also develop batteries capable of storingalternative energy.
If Saft Americaw builds a facility in it would add prestige to the area and possibly spur more alternativd energy companies to consider movinhgto Jacksonville, Breen said. The city recentl formed a committee headed by President Matt Kenyoh to attract more alternative energy Aside from being certified tobuild energy-efficieny buildings, Dana B. Kenyobn is tapping into federal stimulus funding through its energuyconsulting division, kpower.
, whichn is based in Jacksonville, has alreadg been helped by the alternative energy provision s in the stimulus It expects its annual revenue to doubldeto $12 million this year, said Wayner Hildreth, the company’s The company, which provides consultinhg and installation of wind turbines for schoolsd and businesses, benefited from the stimulux package’s 30 percent investment tax credit.
Wind Energy expects to doublew its work force of nearly 30 by the end ofthe
Saturday, February 26, 2011
Apt. rents could see double-digit declines - Nashville Business Journal:
buunamula-fastest.blogspot.com
After essentially holding steady in late 2008 andearl 2009, effective rents dropped 1.7 percent during the second quartetr of this year. Mid-2009 rents also were 1.7 percent beloa their June 2008 levels. The average apartment rent acroswsthe Dallas-Fort Worth area in June was $753 per the MPF research shows. Job losses in North Texaes have hampered demand at the same time as new suppl is hitting the saidGreg Willett, MPF Research’ vice president of research. "Rent reductions have seemeed inevitable, and now they’re Willett said.
The declining occupancy and rent ratesx show the Texas apartment industry is feeling the effectsz of the national saidWill Balthrope, vice president of investmentws for the Balthrope Group of s. "Across the in this country, we are seeing erosiob of top-line income and net-operating income due to the recession and most specifically due to job said Balthrope, who specializes in the multifamily "Even though Texas was the last state to be affected, our apartment market is tied to the job That being said, we expect to see continued erosion in rent levels due to increasinhg vacancies over the next 12 to 18 In North Texas, the biggest rent cuts came in urban core, the MPF research Effective rents fell more than 8 perceng between mid-2008 and mid-2009 in the Downtown/Uptowbn and Oak Lawn submarkets.
The occupancy rate for Dallas-Fort Wort area apartments was 90% as of Occupancy dropped half of a percentagew point during the second making the decline a full 3 percent for the year endinvgin June. The region had 840 net move-outs duringy the second quarter, which normally is a seasonallh strongleasing period. For the year ending June 30, the regioh had 6,910 net move-outs. The move-outds come at a time when 12,633 units of new supplyy have been added for the year endingJune 30. New apartmentr starts in North Texas almostg completely disappeared duringrecent months, but propertie begun earlier and still in process total 21,331 units, Willet t said.
After the apartments now under constructioare delivered, it will probably be thres years before more units are started in the Dallas-Fortt Worth area, said Brianb O’Boyle, managing broker of the office in Dallas. "When you shut the supplgy off, you'll see occupancies gradually improve and concessions staryto decrease," he said. Investor interesyt in the Dallas-Fort Worth apartment which has been dormant for thepast year, is beginninv to return, O'Boyle said. He said the D-FW apartment market will bouncr back more quicklythan most.
MPF Researcjh predicts that apartment demand in North Texaa will rebound into slightly positive territorhy during thenext year, but "there’ no way that absorption can come anywhere close to the aggressiver completion volume that lies ahead," Willett said. That meanz occupancy will decline further and rent cutswill continue. he MPF Research is forecasting rent declines near the 4 percengt mark for the year endingJune 30, 2010. “Neighborhoods with lots of new supplu still on the way are headed for real Willett said.
“It wouldn’t be surprising to see double-digi t rent drops in areas that include the urban coreof Dallas, northern suburbs like Frisclo and McKinney, and the Fossil Creek area of Tarrantg County.”
After essentially holding steady in late 2008 andearl 2009, effective rents dropped 1.7 percent during the second quartetr of this year. Mid-2009 rents also were 1.7 percent beloa their June 2008 levels. The average apartment rent acroswsthe Dallas-Fort Worth area in June was $753 per the MPF research shows. Job losses in North Texaes have hampered demand at the same time as new suppl is hitting the saidGreg Willett, MPF Research’ vice president of research. "Rent reductions have seemeed inevitable, and now they’re Willett said.
The declining occupancy and rent ratesx show the Texas apartment industry is feeling the effectsz of the national saidWill Balthrope, vice president of investmentws for the Balthrope Group of s. "Across the in this country, we are seeing erosiob of top-line income and net-operating income due to the recession and most specifically due to job said Balthrope, who specializes in the multifamily "Even though Texas was the last state to be affected, our apartment market is tied to the job That being said, we expect to see continued erosion in rent levels due to increasinhg vacancies over the next 12 to 18 In North Texas, the biggest rent cuts came in urban core, the MPF research Effective rents fell more than 8 perceng between mid-2008 and mid-2009 in the Downtown/Uptowbn and Oak Lawn submarkets.
The occupancy rate for Dallas-Fort Wort area apartments was 90% as of Occupancy dropped half of a percentagew point during the second making the decline a full 3 percent for the year endinvgin June. The region had 840 net move-outs duringy the second quarter, which normally is a seasonallh strongleasing period. For the year ending June 30, the regioh had 6,910 net move-outs. The move-outds come at a time when 12,633 units of new supplyy have been added for the year endingJune 30. New apartmentr starts in North Texas almostg completely disappeared duringrecent months, but propertie begun earlier and still in process total 21,331 units, Willet t said.
After the apartments now under constructioare delivered, it will probably be thres years before more units are started in the Dallas-Fortt Worth area, said Brianb O’Boyle, managing broker of the office in Dallas. "When you shut the supplgy off, you'll see occupancies gradually improve and concessions staryto decrease," he said. Investor interesyt in the Dallas-Fort Worth apartment which has been dormant for thepast year, is beginninv to return, O'Boyle said. He said the D-FW apartment market will bouncr back more quicklythan most.
MPF Researcjh predicts that apartment demand in North Texaa will rebound into slightly positive territorhy during thenext year, but "there’ no way that absorption can come anywhere close to the aggressiver completion volume that lies ahead," Willett said. That meanz occupancy will decline further and rent cutswill continue. he MPF Research is forecasting rent declines near the 4 percengt mark for the year endingJune 30, 2010. “Neighborhoods with lots of new supplu still on the way are headed for real Willett said.
“It wouldn’t be surprising to see double-digi t rent drops in areas that include the urban coreof Dallas, northern suburbs like Frisclo and McKinney, and the Fossil Creek area of Tarrantg County.”
Thursday, February 24, 2011
Why Washington Never Understood Egypt's Revolution - CounterPunch
http://emanuelchurch.org/emc_history.html
New York Times (blog) | Why Washington Never Understood Egypt's Revolution CounterPunch Barack Obama praised the Egyptian revolution with his usual eloquence. "Egyptians have made it clear that nothing less than genuine democracy will carry the day," he said. "It was the moral force of nonviolence -- not terrorism, ... Who is behind the changes in Egypt? |
Monday, February 21, 2011
Teacher discount program launched in Silicon Valley - Silicon Valley / San Jose Business Journal:
concrete roofs
Launched in conjunction with National TeachereAppreciation Week, the program is part of Joint Venture’s Alliancre for Teaching that focuses on strengtheningh teacher recruitment, professional development and nationalp teacher certification for Silicon Valley Under the program, teachers presenting valid identification to any of some 150 participatin businesses may take advantage of savings on everything from officer supplies, books, electronics and gifts to healty and beauty products, food and dining, professionap services, toys, pet care and automotivr needs.
“No one is more important to Silico Valley’s growth, success and quality of life than our said Joint Venture CEORussell “As a community we must celebrate our teachers and thank them enthusiastically and oftenj for their work and contributions to regionao education.” There are about 20,000 teachers and 350,00p students in 500 schools across 55 school districts in Sant Clara and San Mateo Counties. For more informatiom see the www.hatsofftoteachers.org Web site.
Launched in conjunction with National TeachereAppreciation Week, the program is part of Joint Venture’s Alliancre for Teaching that focuses on strengtheningh teacher recruitment, professional development and nationalp teacher certification for Silicon Valley Under the program, teachers presenting valid identification to any of some 150 participatin businesses may take advantage of savings on everything from officer supplies, books, electronics and gifts to healty and beauty products, food and dining, professionap services, toys, pet care and automotivr needs.
“No one is more important to Silico Valley’s growth, success and quality of life than our said Joint Venture CEORussell “As a community we must celebrate our teachers and thank them enthusiastically and oftenj for their work and contributions to regionao education.” There are about 20,000 teachers and 350,00p students in 500 schools across 55 school districts in Sant Clara and San Mateo Counties. For more informatiom see the www.hatsofftoteachers.org Web site.
Saturday, February 19, 2011
Japan Dec Tertiary Index -0.8% M/M On Slower Home Electronics - IMarketnews.com
rubber roof
Japan Dec Tertiary Index -0.8% M/M On Slower Home Electronics IMarketnews.com TOKYO (MNI) - Japan's tertiary industry index, which measures spending in the services sector, fell 0.8% in December from the previous month, posting the first m/m f » |
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