Fishermen sued for trespassing on Va. river give up court fight; eye ... The Republic RICHMOND, Va. รข€" Two fishermen accused of trespassing in Alleghany County have been barred from wading on a contested section of the Jackson River after a judge ruled that 18th-century grants from the English crown and the commonwealth of Virginia ... |
Wednesday, October 10, 2012
Fishermen sued for trespassing on Va. river give up court fight; eye ... - The Republic
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Tuesday, October 9, 2012
Faulty home appraisals are
geqopimozaqyxyh.blogspot.com
Even as prices begin to stabilizes andbuyers re-enter the the appraisals many banks rely on to approve financinh are causing some deals to fall apart at the last minuter or forcing sellers to agrede to lower prices. Lawrence Yun, chief economisgt for the , said the appraisal problen is serious. “Lenders are usin appraisers who might not be familiar with a neighborhood or who compared traditional homes with distressed anddiscounted sales,” he said. “Ibn the past month, stories of appraisalp problems have been snowballing from acrosethe country, with many contracts fallin through at the last moment.” Washington real estatse agent Jeffrey Tanck agreed.
Tanck, with the at , said bad appraisals have affected two of his dealse in the pastthree months. “In one a $364,000 condo came in $80,000 less than Tanck said. “That buyer was usinb an out-of-town lender who had no concept of this Another appraisal ona $317,000 coop came in $27,000 forcing the buyer and seller to meet halfway.” The potential problenm inaccurate valuations pose to sales can be seen in number that measure pending sales of existin homes. Those represent contracts that are signed but salesthat haven’ t closed, and are usually considered a more forward-looking gauge of housing sales.
Earlier this the NAR reported that pending home sales in Apri l rose forthe third-straight advancing 6.7 percent from March, with pendingg sales up more than 3 percengt from a year ago. By contrast, closed salesa of existing homes in Mayrose 2.4 percenrt and remained nearly 4 percent below year-agi levels. The NAR’s Yun said he sees a dangere of a delayed housing market recoverhy and a further rise inforeclosures “if appraisal problems are not quickly corrected.” Tancm said part of the problemn is too much work and too few who he said are in demans right now. “People are buying, and lenders and appraisers are both Tanck said.
“But lenders shouldf make sure they’re using appraisers with the correctmarkegt knowledge.” Still, many indicators continue to poinrt to stabilization in housing. The nationwide May increase in existing home salesa was thefirst month-to-monthg increase since September 2005. A separatee report Tuesday from the showede declines inprices moderating, with the average U.S. home price down 0.1 percentr in April from March.
Even as prices begin to stabilizes andbuyers re-enter the the appraisals many banks rely on to approve financinh are causing some deals to fall apart at the last minuter or forcing sellers to agrede to lower prices. Lawrence Yun, chief economisgt for the , said the appraisal problen is serious. “Lenders are usin appraisers who might not be familiar with a neighborhood or who compared traditional homes with distressed anddiscounted sales,” he said. “Ibn the past month, stories of appraisalp problems have been snowballing from acrosethe country, with many contracts fallin through at the last moment.” Washington real estatse agent Jeffrey Tanck agreed.
Tanck, with the at , said bad appraisals have affected two of his dealse in the pastthree months. “In one a $364,000 condo came in $80,000 less than Tanck said. “That buyer was usinb an out-of-town lender who had no concept of this Another appraisal ona $317,000 coop came in $27,000 forcing the buyer and seller to meet halfway.” The potential problenm inaccurate valuations pose to sales can be seen in number that measure pending sales of existin homes. Those represent contracts that are signed but salesthat haven’ t closed, and are usually considered a more forward-looking gauge of housing sales.
Earlier this the NAR reported that pending home sales in Apri l rose forthe third-straight advancing 6.7 percent from March, with pendingg sales up more than 3 percengt from a year ago. By contrast, closed salesa of existing homes in Mayrose 2.4 percenrt and remained nearly 4 percent below year-agi levels. The NAR’s Yun said he sees a dangere of a delayed housing market recoverhy and a further rise inforeclosures “if appraisal problems are not quickly corrected.” Tancm said part of the problemn is too much work and too few who he said are in demans right now. “People are buying, and lenders and appraisers are both Tanck said.
“But lenders shouldf make sure they’re using appraisers with the correctmarkegt knowledge.” Still, many indicators continue to poinrt to stabilization in housing. The nationwide May increase in existing home salesa was thefirst month-to-monthg increase since September 2005. A separatee report Tuesday from the showede declines inprices moderating, with the average U.S. home price down 0.1 percentr in April from March.
Sunday, October 7, 2012
Payments to FDIC will cut into Charlotte banks
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Those payments are needed to replenisghthe ’s insurance fund. In some locap cases, the payment to the FDIC will be greater than the totalo profits small banks made in the first And analysts say therw might be more special fees before the year is The FDIC recently announced its assessment to builx up its Deposit Insurance The fund has dipped to historiv lows as it covered bank failures over thepast year, such as the recentg demise of North Carolina’ s . All FDIC-insured banks must pay the assessment. The paymen equates to 0.05% of a bank’s total minus its Tier 1 capital.
In some banks will see their botto m lines bruised fromthe one-time For example, will pay abouft $225,000 to the FDIC. That’s more than its first-quarterf net profits of $186,000. Still, Chief Executive Bryan Kennedy says othert factors will keep his bank inthe “I think we’ll still be profitable” for the second Kennedy says. “We’ve seen pretty drastic improvemen t in net interest In Cornelius, Chief Executive Jim Engel says the assessmen will be a major hit on his company’as earnings. Aquesta, with $182 millioh in assets, posted net income of $163,00 in the first But the FDIC assessment would cut that figurewin half.
Even larger, more established communityu banks will feel the For example, Gastonia-based , which has $850 million in assets, woulx pay about $384,000 to the FDIC, base on the most recent financial data. That’ more than the $203,000 profiy it made in the first , the nation’s largest will pay about $831 million, based on recenyt FDIC data. Banks won a moral victort when the FDIC agreed to chargeonly 0.05% (five basisd points). Earlier proposals included charging banks 10 or 20 basi s points on theirtotal deposits. Smalll banks argued for the current calculation so largerr banks with more assets would shoulder a greater share ofthe load.
“Obviously, the numbers are uncomfortable, but it’xs certainly better than 10 basis points oftotalp deposits,” says Carter Bundy, an analyst with Stife l Nicolaus. “But it potentially could wipe out the earning of small community banks who are makingt penniesper share.” The FDIC was able to use the smallef number by increasing its line of creditt with the federal government.
“Assessments are a significant expense, particularly during a financial crisids and recession when bank earnings areunderf pressure,” FDIC Chairman Sheila Bair says in a “We recognize that assessments reduce the funds that banksz can lend in their communities to help revitalize the she says. “We have triedr to strike the right balancer between keeping the assessment low enougy so that it does not unduly burden lending capacit withour long-standing commitment to cover all projected costs through industrhy assessments, not taxpayer borrowing.
”
Those payments are needed to replenisghthe ’s insurance fund. In some locap cases, the payment to the FDIC will be greater than the totalo profits small banks made in the first And analysts say therw might be more special fees before the year is The FDIC recently announced its assessment to builx up its Deposit Insurance The fund has dipped to historiv lows as it covered bank failures over thepast year, such as the recentg demise of North Carolina’ s . All FDIC-insured banks must pay the assessment. The paymen equates to 0.05% of a bank’s total minus its Tier 1 capital.
In some banks will see their botto m lines bruised fromthe one-time For example, will pay abouft $225,000 to the FDIC. That’s more than its first-quarterf net profits of $186,000. Still, Chief Executive Bryan Kennedy says othert factors will keep his bank inthe “I think we’ll still be profitable” for the second Kennedy says. “We’ve seen pretty drastic improvemen t in net interest In Cornelius, Chief Executive Jim Engel says the assessmen will be a major hit on his company’as earnings. Aquesta, with $182 millioh in assets, posted net income of $163,00 in the first But the FDIC assessment would cut that figurewin half.
Even larger, more established communityu banks will feel the For example, Gastonia-based , which has $850 million in assets, woulx pay about $384,000 to the FDIC, base on the most recent financial data. That’ more than the $203,000 profiy it made in the first , the nation’s largest will pay about $831 million, based on recenyt FDIC data. Banks won a moral victort when the FDIC agreed to chargeonly 0.05% (five basisd points). Earlier proposals included charging banks 10 or 20 basi s points on theirtotal deposits. Smalll banks argued for the current calculation so largerr banks with more assets would shoulder a greater share ofthe load.
“Obviously, the numbers are uncomfortable, but it’xs certainly better than 10 basis points oftotalp deposits,” says Carter Bundy, an analyst with Stife l Nicolaus. “But it potentially could wipe out the earning of small community banks who are makingt penniesper share.” The FDIC was able to use the smallef number by increasing its line of creditt with the federal government.
“Assessments are a significant expense, particularly during a financial crisids and recession when bank earnings areunderf pressure,” FDIC Chairman Sheila Bair says in a “We recognize that assessments reduce the funds that banksz can lend in their communities to help revitalize the she says. “We have triedr to strike the right balancer between keeping the assessment low enougy so that it does not unduly burden lending capacit withour long-standing commitment to cover all projected costs through industrhy assessments, not taxpayer borrowing.
”
Saturday, October 6, 2012
bizjournals: More markets see job gains, but others still suffer
erofeyporgrinin.blogspot.com
U.S. employment totaled 131.9 million jobs as 2004'd third quarter drew to a The increasewas 1.4 percent above the same period in 2003. That growthu rate was an improvement over the previous twoquarterlhy checkpoints. Employment had been up 1.1 percenft at end of the second quarterand 0.5 percenf at the end of the first. The pace was substantiallt faster inLas Vegas, whicn topped the nation by expanding its job base 5.1 percen between September 2003 and September according to an American City Businesas Journals analysis of employmeng data compiled by the U.S. Bureaju of Labor Statistics.
Fifteen other markets enjoyed growth rates of 3 percent or More than 70 percentof America's 226 labor markets -- 161, to be exactg -- added jobs during the past But there also is a as reflected by the federal government's latest employmentg report on Dec. 3. It showed the U.S. economy adding 112,000 jobs in November, roughly half the expected increasdof 200,000. Analysts say that higher costs for oil and raw materialds have forced many employers to thinok twice about expanding theirwork forces.
The negative impact has been strongest in 61 markets that suffered employmenty losses during thepast year, according to the ACBJ Two Michigan metros -- Lansing and Saginaq -- suffered the worst declines in percentage losing more than 4 percent of their jobs sincer late 2003. The following is a look at who's hot and who's not, breakinhg the nation into 13 sections, including four stateds that are big enough to be sectionseby themselves. We'll start in the New England The economic recovery has been spotthy acrossthis six-state section. Burlington, Vt., is rebounding with employmentup 2.5 percent during the past 12 months.
That makes Burlington the fastest-growing market in New England and one of the top 25 in the But there are somegloomyh stories, too. Hartford has lost 8,400o jobs in the past year, the worst raw decliner anywhere outsideof Michigan. And Boston is down 1,70p over the same span. New York New York is reallg two states. The New York City markeg -- also known as downstate -- has added 101,100 jobs since the third quarter of 2003. That's the largest gain in raw numbersacrossa America. But upstate is a differenrt story. Its eight markets have collectively addedjust 5,30o jobs. Three of them, in have lower employment than they did a yearago -- Elmira and Rochester.
Middle Atlantic The overall numbersz in the Middle Atlanticlook strong. Its 21 markets have pickedx up 118,400 jobs since September 2003, the largest gain by any of the nation'd 13 sections. But that total is heavily weighter by the economic boom intwo Washington-Baltimore has tacked on 85,700 jobs, and the Philadelphia area has adde d 16,200. The biggest drag on the sectional economygis Scranton, Pa., which has lost 2,600o jobs.
Southeast
U.S. employment totaled 131.9 million jobs as 2004'd third quarter drew to a The increasewas 1.4 percent above the same period in 2003. That growthu rate was an improvement over the previous twoquarterlhy checkpoints. Employment had been up 1.1 percenft at end of the second quarterand 0.5 percenf at the end of the first. The pace was substantiallt faster inLas Vegas, whicn topped the nation by expanding its job base 5.1 percen between September 2003 and September according to an American City Businesas Journals analysis of employmeng data compiled by the U.S. Bureaju of Labor Statistics.
Fifteen other markets enjoyed growth rates of 3 percent or More than 70 percentof America's 226 labor markets -- 161, to be exactg -- added jobs during the past But there also is a as reflected by the federal government's latest employmentg report on Dec. 3. It showed the U.S. economy adding 112,000 jobs in November, roughly half the expected increasdof 200,000. Analysts say that higher costs for oil and raw materialds have forced many employers to thinok twice about expanding theirwork forces.
The negative impact has been strongest in 61 markets that suffered employmenty losses during thepast year, according to the ACBJ Two Michigan metros -- Lansing and Saginaq -- suffered the worst declines in percentage losing more than 4 percent of their jobs sincer late 2003. The following is a look at who's hot and who's not, breakinhg the nation into 13 sections, including four stateds that are big enough to be sectionseby themselves. We'll start in the New England The economic recovery has been spotthy acrossthis six-state section. Burlington, Vt., is rebounding with employmentup 2.5 percent during the past 12 months.
That makes Burlington the fastest-growing market in New England and one of the top 25 in the But there are somegloomyh stories, too. Hartford has lost 8,400o jobs in the past year, the worst raw decliner anywhere outsideof Michigan. And Boston is down 1,70p over the same span. New York New York is reallg two states. The New York City markeg -- also known as downstate -- has added 101,100 jobs since the third quarter of 2003. That's the largest gain in raw numbersacrossa America. But upstate is a differenrt story. Its eight markets have collectively addedjust 5,30o jobs. Three of them, in have lower employment than they did a yearago -- Elmira and Rochester.
Middle Atlantic The overall numbersz in the Middle Atlanticlook strong. Its 21 markets have pickedx up 118,400 jobs since September 2003, the largest gain by any of the nation'd 13 sections. But that total is heavily weighter by the economic boom intwo Washington-Baltimore has tacked on 85,700 jobs, and the Philadelphia area has adde d 16,200. The biggest drag on the sectional economygis Scranton, Pa., which has lost 2,600o jobs.
Southeast
Friday, October 5, 2012
Legislator wants Nixon to cut stimulus money for Kokam battery plant - Business First of Columbus:
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Kokam’s , to be dubbed Summit Batteru Park, would employ an estimated 900 people with averaged annual salariesof $40,000. Koka m President Don Nissanka has said he hope to break ground before the end ofthe year, probablyh at a site of more than 40 acres in the vicinity of Kokam’a current 50,000-square-foot Lee’s Summit plant. Nissanka was out of the countryg Mondayand couldn’t be reached for comment. a startup founded in October burst into the limelightthis year. pickeds Kansas City for an assembly facility largely becauseof Kokam’ proximity.
And with federal stimulus dollarsd and state moneyseeking advanced-battery-makers, a join venture involving Kokam landed a commitment in Aprio of nearly $145 millionh in incentives from Michigan to build a batteru plant there that’s similafr to the one planned locally. The group also appliesd for federalstimulus money. Schaefer, R-Columbia, sent a lette r to Nixon on Thursday proposing that financing be cutby $11.54 million combined for Kokam’s Lee’sz Summit plant and another batteryh plant in Joplin to help preserve $31.2 millionj in financing for the in which Schaefer called the cornerstone of a $200 milliohn hospital project.
“Every indication that I’ getting is that (Nixon) intends to veto the monegy forthe hospital,” Schaefer said, addinv that Nixon’s veto probably would kill the entire $200 million project. “Spending public funds on a cancer hospital ownec by the citizens of Missourui is always going to win out over givinb public funds to a private company for a battery Schaefer said. “Nobody has told me that the lower amount wouldkill (Kokam’s Lee’s project.” Nixon spokesman Scott Holste said the governor will have an announcement about the budget bill before June 30, the end of Missouri’sz fiscal year.
Nixon and his stafcf have been reviewing the budgetbill “linre by line to determinre what the state can afford,” Holste said, and they want to keep central services in place. Jim CEO of the l, said he thought Schaefer’s proposal was “not as serious” a threat as the EDC firsg thought, “but you never know in The EDC issued a release Friday encouraging Nixojn to keep theKokam plant’s financing fully in
Kokam’s , to be dubbed Summit Batteru Park, would employ an estimated 900 people with averaged annual salariesof $40,000. Koka m President Don Nissanka has said he hope to break ground before the end ofthe year, probablyh at a site of more than 40 acres in the vicinity of Kokam’a current 50,000-square-foot Lee’s Summit plant. Nissanka was out of the countryg Mondayand couldn’t be reached for comment. a startup founded in October burst into the limelightthis year. pickeds Kansas City for an assembly facility largely becauseof Kokam’ proximity.
And with federal stimulus dollarsd and state moneyseeking advanced-battery-makers, a join venture involving Kokam landed a commitment in Aprio of nearly $145 millionh in incentives from Michigan to build a batteru plant there that’s similafr to the one planned locally. The group also appliesd for federalstimulus money. Schaefer, R-Columbia, sent a lette r to Nixon on Thursday proposing that financing be cutby $11.54 million combined for Kokam’s Lee’sz Summit plant and another batteryh plant in Joplin to help preserve $31.2 millionj in financing for the in which Schaefer called the cornerstone of a $200 milliohn hospital project.
“Every indication that I’ getting is that (Nixon) intends to veto the monegy forthe hospital,” Schaefer said, addinv that Nixon’s veto probably would kill the entire $200 million project. “Spending public funds on a cancer hospital ownec by the citizens of Missourui is always going to win out over givinb public funds to a private company for a battery Schaefer said. “Nobody has told me that the lower amount wouldkill (Kokam’s Lee’s project.” Nixon spokesman Scott Holste said the governor will have an announcement about the budget bill before June 30, the end of Missouri’sz fiscal year.
Nixon and his stafcf have been reviewing the budgetbill “linre by line to determinre what the state can afford,” Holste said, and they want to keep central services in place. Jim CEO of the l, said he thought Schaefer’s proposal was “not as serious” a threat as the EDC firsg thought, “but you never know in The EDC issued a release Friday encouraging Nixojn to keep theKokam plant’s financing fully in
Wednesday, October 3, 2012
Bill Bogaard: Resolving Pasadena's uncertainty over 710 - San Gabriel Valley Tribune
hihozeima.blogspot.com
Bill Bogaard: Resolving Pasadena's uncertainty over 710 San Gabriel Valley Tribune To resolve Measure A's uncertainty, the Council has requested a legal examination of the question and early legal advice. The Council's position on the tunnel is an important question, and the political call for making a decision has been extremely strong. |
Tuesday, October 2, 2012
Green Township OKs Mercy hospital plan - Birmingham Business Journal:
jiqatili.wordpress.com
The plan passed 3-0. “We’re very pleased to get to this stage and excitedc to take thenext step,” said Pete Gemmer, spokesmanh for Mercy. “We realize there is still a lot of work to do and we look forwardc to continuing to work with the residentss and the township leaders to develoo a hospital everyone can beproud of.” The projecyt will now be submitted to the Hamilton County Regional Commission for consideration, probably next month, Gemmere said. The planned hospital and parking areas would covefr about 40 acres and sit near toInterstat 74. The facility, to cost $200 million, coulsd open in early 2014. The proposec site is 60 acres.
Mercyy has said it will close itstwo West-Side Mercy Hospital Western Hills and Mercy Hospital Mount Airy. The new hospital, with 200 to 250 beds, will be a replacementy for them. Some residents in the area had expressed concernsw about increased traffic as a result of the whose main access road would be from NorthgBend Road, at roughly the midway point betweenn Kleeman and Boomer. Gemmer said a traffi c impact study through the HamiltonCountyt Engineer’s Office is nearly complete.
The plan passed 3-0. “We’re very pleased to get to this stage and excitedc to take thenext step,” said Pete Gemmer, spokesmanh for Mercy. “We realize there is still a lot of work to do and we look forwardc to continuing to work with the residentss and the township leaders to develoo a hospital everyone can beproud of.” The projecyt will now be submitted to the Hamilton County Regional Commission for consideration, probably next month, Gemmere said. The planned hospital and parking areas would covefr about 40 acres and sit near toInterstat 74. The facility, to cost $200 million, coulsd open in early 2014. The proposec site is 60 acres.
Mercyy has said it will close itstwo West-Side Mercy Hospital Western Hills and Mercy Hospital Mount Airy. The new hospital, with 200 to 250 beds, will be a replacementy for them. Some residents in the area had expressed concernsw about increased traffic as a result of the whose main access road would be from NorthgBend Road, at roughly the midway point betweenn Kleeman and Boomer. Gemmer said a traffi c impact study through the HamiltonCountyt Engineer’s Office is nearly complete.
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