torbjorntrainer1738.blogspot.com
| | | | | | | | | Buxbaum Grou | | | | | Chrysler LLC | Circuit City Storesx Inc. | | | Columbuse Airport Authority | | Crown Acquisitions | | | Delphji Corporation | | | DHL Express | | DSW Inc. | FB II Acquisitionm Corp. | | Federal Depositf Insurance Corporation | | | | | Ford Motot Company | | | General Electricx Capital Corporation | | | | Generakl Motors Corporation | Glimche r Realty Trust | | | | Gordon Brothers Retail Partners, LLC | | | | | | | | | | | | | | | International Brotherhood of Teamsters | | Interstate Bakeries Corporatiohn | | | Justice Department | | | | | | | | | | | | | | | | | | | | Nationalk Century Financial Enterprises | | | | | | | | Ohio Departmen of Job and FamilyServices | | | | | | | | | | | | | RealtyTrafc Inc.
| | | Retaip Ventures, Inc. | Ripplewood Holdings LLC | | Ritz Cameraz Centers, Inc. | | | | | | | | | Skybuss Airlines Inc. | Smurfit-Stone Container Corporationj | | | | | | Steve & Barry's University Sportswear | | | | | | | | | | | | | | | | U.S. Bankruptcy Court | | | | U.S. Districtt Court | | U.S. Securities and Exchange Commission | | | Unitedf States Bankruptcy Courts | | Valud City Department Stores | | | | | | | | | | Worled Fuel Services Corporation | York Capital Management, LLC
Sunday, January 30, 2011
Friday, January 28, 2011
WESCO outlines succession plan - The Business Review (Albany):
inmeetings-celsius.blogspot.com
Engel, who joined the constructio n materials and procurement services providerin 2004, is currently seniot vice president and COO, as well as a member of WESCO’z board. Current CEO Roy who has served in that rolesincs 1994, will serve as executive chairman unti his term on the board expires in May 2011. “Fodr the past several years, the board of directores and I have placed a high priorityy ontalent management,” Hale said in a statement.
“Today’se announcement represents a majorf organizational milestone forthe company, and I am very pleaserd that we are immediatel y able to begin the process of transitioninh to new roles and responsibilities with an experienced and seasonec management team.” CFO Stephen Van Oss has been namexd COO, effective Sept. 1 and will continue to served as seniorvice president. He will be replacedx by Richard P. Heyse, who joins WESCO as vice president and CFOJune 15. which employs about 7,200, is based at Stationm Square on Pittsburgh’s South The company’s 2008 sales were about $6.
1
Engel, who joined the constructio n materials and procurement services providerin 2004, is currently seniot vice president and COO, as well as a member of WESCO’z board. Current CEO Roy who has served in that rolesincs 1994, will serve as executive chairman unti his term on the board expires in May 2011. “Fodr the past several years, the board of directores and I have placed a high priorityy ontalent management,” Hale said in a statement.
“Today’se announcement represents a majorf organizational milestone forthe company, and I am very pleaserd that we are immediatel y able to begin the process of transitioninh to new roles and responsibilities with an experienced and seasonec management team.” CFO Stephen Van Oss has been namexd COO, effective Sept. 1 and will continue to served as seniorvice president. He will be replacedx by Richard P. Heyse, who joins WESCO as vice president and CFOJune 15. which employs about 7,200, is based at Stationm Square on Pittsburgh’s South The company’s 2008 sales were about $6.
1
Tuesday, January 25, 2011
Price Chopper shoppers can save money at Sunoco - The Business Journal of Milwaukee:
viktorevaikubuwo.blogspot.com
region can now save on gasoline for their car when they spene money in thesupermarket chain. Price Choppert has teamed up with more than 70 stations to offedrFuel AdvantEdge, a program that has been available for more than two yearsx in other areas serviced by the groceru chain. Consumers can save 10 cents per gallon at participating Sunoco stationsw forevery $50 of qualifiee groceries they purchase. The points/dollars can be accumulated overa 90-dayt period and spent on up to 20 gallons of gas.
Sunocio customers in other areas have saved upwards of 50 cent to 60 andeven $1 or more per through the program, according to Jeff Hassman, channelo marketing manager for the gas The number of participating stations will said Neil Golub, president and CEO of Price Customers must use their Price Chopper AdvantEdged card to qualify for the savings. The supermarkeyt automatically tracks the purchases that can be applied toward the fuelsavingss program. Certain restrictions apply. For purchases of alcohol, tobacco, gift lottery tickets, video rentals and some other items don’yt count toward the $50 total.
region can now save on gasoline for their car when they spene money in thesupermarket chain. Price Choppert has teamed up with more than 70 stations to offedrFuel AdvantEdge, a program that has been available for more than two yearsx in other areas serviced by the groceru chain. Consumers can save 10 cents per gallon at participating Sunoco stationsw forevery $50 of qualifiee groceries they purchase. The points/dollars can be accumulated overa 90-dayt period and spent on up to 20 gallons of gas.
Sunocio customers in other areas have saved upwards of 50 cent to 60 andeven $1 or more per through the program, according to Jeff Hassman, channelo marketing manager for the gas The number of participating stations will said Neil Golub, president and CEO of Price Customers must use their Price Chopper AdvantEdged card to qualify for the savings. The supermarkeyt automatically tracks the purchases that can be applied toward the fuelsavingss program. Certain restrictions apply. For purchases of alcohol, tobacco, gift lottery tickets, video rentals and some other items don’yt count toward the $50 total.
Sunday, January 23, 2011
On the brink in August, CompCare deal infuses a strategic makeover - Tampa Bay Business Journal:
http://ameliajune.net/the-bell-curve/
CompCare (OTCBB: CHCR), which traditionally has contractedd with employers and HMOs to providd psychiatric and substance abuse managed care services for workers andtheirr families, will begin marketing its servicesx directly to consumers through its new “It opens a huge market for us and gives us access to distributionb that we could never have developedc on our own,” said John Hill, presidentg and CEO of CompCare. “It also gives us access to additionap capital to support our The new subsidiary was established in a complicatexd series of events the weekof Jan. 16, in whichy former shareholders ofSilver Md.
-based Core Corporate Consulting Grouop became the majority owners of CompCare, then merges Core with CompCare. Hill said he and Roberf Landis, CompCare CFO, would remaijn with the company and continue to operate the managesdcare business. Core, which has contracts with licensed call centers that targethe under-insured and uninsured, will market CompCare’s serviceds as part of a medicak package for consumers. “We may tack on a limited diseasmanagement program, so if an individualp develops a chronic condition, we can assist them with managingv that,” Hill said.
The deal injects new life into which disclosed in a filing in Augustr that it was strapped for cash and was exploringha sale. On Jan. 16, CompCare’s largesr stockholder, LLC, sold all of its CompCare stock to Corefor $1.5 according to a Jan. 23 SEC filing by HYTM), a Los Angeles healthcare services management firm that owns Hythiam sold its interest in CompCare topreserv capital, “rather than investing the significant additional funds we believe would be required to adequateluy capitalize CompCare and to maintain its operations,” the filinvg said.
Four days later, a newly formed Comp Care subsidiary, , merged with and Core continued as the surviving company and as a wholly owned direct subsidiarof CompCare. Core’s former stockholders now hold abouyt 77 percent of the tota voting power of CompCare and have the right to appoingt a majority of the seats onits board, which they did afte r five members resigned, CompCare’s own Jan. 26 SEC filing said.
The new chairmann is Arnold Finestone, a business managemen t consultant who previously was an executive with Also new to the boardc isSharon Ray, a regional marketing representative for pharmaceutical firm ; Joshua Smith, chairma and managing partner of ; and Arthuf Yeap, CEO of , an audio and video productzs firm.
CompCare (OTCBB: CHCR), which traditionally has contractedd with employers and HMOs to providd psychiatric and substance abuse managed care services for workers andtheirr families, will begin marketing its servicesx directly to consumers through its new “It opens a huge market for us and gives us access to distributionb that we could never have developedc on our own,” said John Hill, presidentg and CEO of CompCare. “It also gives us access to additionap capital to support our The new subsidiary was established in a complicatexd series of events the weekof Jan. 16, in whichy former shareholders ofSilver Md.
-based Core Corporate Consulting Grouop became the majority owners of CompCare, then merges Core with CompCare. Hill said he and Roberf Landis, CompCare CFO, would remaijn with the company and continue to operate the managesdcare business. Core, which has contracts with licensed call centers that targethe under-insured and uninsured, will market CompCare’s serviceds as part of a medicak package for consumers. “We may tack on a limited diseasmanagement program, so if an individualp develops a chronic condition, we can assist them with managingv that,” Hill said.
The deal injects new life into which disclosed in a filing in Augustr that it was strapped for cash and was exploringha sale. On Jan. 16, CompCare’s largesr stockholder, LLC, sold all of its CompCare stock to Corefor $1.5 according to a Jan. 23 SEC filing by HYTM), a Los Angeles healthcare services management firm that owns Hythiam sold its interest in CompCare topreserv capital, “rather than investing the significant additional funds we believe would be required to adequateluy capitalize CompCare and to maintain its operations,” the filinvg said.
Four days later, a newly formed Comp Care subsidiary, , merged with and Core continued as the surviving company and as a wholly owned direct subsidiarof CompCare. Core’s former stockholders now hold abouyt 77 percent of the tota voting power of CompCare and have the right to appoingt a majority of the seats onits board, which they did afte r five members resigned, CompCare’s own Jan. 26 SEC filing said.
The new chairmann is Arnold Finestone, a business managemen t consultant who previously was an executive with Also new to the boardc isSharon Ray, a regional marketing representative for pharmaceutical firm ; Joshua Smith, chairma and managing partner of ; and Arthuf Yeap, CEO of , an audio and video productzs firm.
Thursday, January 20, 2011
Developers: Changes in historic tax credits could hamper downtown redevelopment - Wichita Business Journal:
http://www.networkworld.com/community/user/16714
In an effort to trim spending, the Legislaturwe earlier this month placeda $3.755 million cap on historic preservation tax The new limit — which developers and local economifc development officials on Thursday stilp were trying to understand — could undercut the viability of some redevelopment projects in Kansas. Old Town develope Dave Burk says his plan to convert the former building near downtown to apartments wouls be jeopardized without thetax credits.
And a Chicaglo developer, Paul Warshauer of , says he’sx turning his back on planws for a boutique hotel indowntown “They screwed around with the formula, so what used to be tens of millionx (of dollars) turned into a trickle,” Warshauerd says. The , however, is drafting guidelines that shoulxd limitthe damage, says Revenue Secretar Joan Wagnon. The guidelines weren’t available at prese time, but they still would requires a limit to the number of tax credit s issued the nexttwo years. “We’rd going to have folks screaming about this no matterf how weadminister it,” she says.
The issus caused a flurry of activity Thursday as developerss and economic development leaders met with state revenus officials to discuss the impact of the Leaders also were discussing whethe the Legislature could repeal the law next week when it returnes to Topeka for the ceremonial adjournmenty of thelegislative Rep. Steve Brunk, R-Bel Aire, calls the changes “a horriblwe idea.” He says he’s still gathering but “if (the impact) is as dire as they then we will try to put some legislative fix on For years, the state has offered a 25 percent tax credi t on the cost of renovating nationallyu listed historic buildings.
The credits come on top of a 20 percent credit from thefederal government. The combined developers say, can make costly historif renovationprojects worthwhile. Burk is seekinbg $1.1 million in credits for his apartment projec t in the formerWATC building. ’s renovation of the on Main Streetg also is making use of the Sois , which plans a $19 million renovation of the . “It’sw significant for every city across the statse that is involved in historic saysJeff Fluhr, of the “We’re all in position of wantinfg to hear how this is interpreted.” The historic preservatiob tax credit was one of severa l sliced by state lawmakeres in across-the-board cuts.
They limitedf it in each of the next two years tojust $3.75r million — down from the $4.2 millio in credits that were redeemed in 2006. But the decisionj left numerous questions. Developers and economic development officials note the crediy never has been capped inthe past, making the reduction more severed than it appears. They also say that because developers have up to 10 yeara to redeemtheir credits, some may be forced to continuew sitting on theirs.
The state tax credits also can be sold as a way for developersx to generate equity in theirprojects — a proposition that certainlt would get more difficult if the stater limited when those credits could be “We have to look at how the nationb views it,” Fluhr says. “These tax credite are sold all over. The predictability of a markett isvery important. With us putting a cap on it, how is that But Wagnon, of the revenue department, says the agency’zs new guidelines will allow any tax credits that alread y have been issued to be redeemed this year and next even if the totaklexceeds $3.75 million. The department, will place a $6.
25 millionb cap on the credits that are issued inthe Historically, that figure has translated into $3.76 million in redemptions, she says. “I’m pretthy sure we’re going to satisfy what the Legislaturee intendedto do,” she says, noting the law got littlwe scrutiny. Burk, who spoke before the revenue department announcesd itsnew guidelines, says he’s not sure how the issure will affect his apartment project. Tax credits haven’t been issuedc for it yet. it jeopardizes it if I don’t get the credits,” he says.
“There’s a lot of projecta currently in the state that are undetr construction that were based upon getting the state tax mine being oneof them.” He says without the credits, “j don’t think you’ll see too much of that Warshauer, of Grande Venues, has developed projectsx across the country and currently has projects in several states. Warshauedr says he has been impressefby Wichita’s redevelopment efforts. “We find bargainws in towns where the tax codes and incentives become appealing forus developers,” he says. Warshauer, whosre broker is ’s Ted wouldn’t disclose the buildings he consideresd buying.
He says he would have spen $5 to $10 million. Now Warshauer says he’s not looking. “There’s no investor who will ever buy ... Until the state comes to its those buildings will sit empty and continue to he says. “That money’s going to move to anothe state. That’s the tragedy,” he
In an effort to trim spending, the Legislaturwe earlier this month placeda $3.755 million cap on historic preservation tax The new limit — which developers and local economifc development officials on Thursday stilp were trying to understand — could undercut the viability of some redevelopment projects in Kansas. Old Town develope Dave Burk says his plan to convert the former building near downtown to apartments wouls be jeopardized without thetax credits.
And a Chicaglo developer, Paul Warshauer of , says he’sx turning his back on planws for a boutique hotel indowntown “They screwed around with the formula, so what used to be tens of millionx (of dollars) turned into a trickle,” Warshauerd says. The , however, is drafting guidelines that shoulxd limitthe damage, says Revenue Secretar Joan Wagnon. The guidelines weren’t available at prese time, but they still would requires a limit to the number of tax credit s issued the nexttwo years. “We’rd going to have folks screaming about this no matterf how weadminister it,” she says.
The issus caused a flurry of activity Thursday as developerss and economic development leaders met with state revenus officials to discuss the impact of the Leaders also were discussing whethe the Legislature could repeal the law next week when it returnes to Topeka for the ceremonial adjournmenty of thelegislative Rep. Steve Brunk, R-Bel Aire, calls the changes “a horriblwe idea.” He says he’s still gathering but “if (the impact) is as dire as they then we will try to put some legislative fix on For years, the state has offered a 25 percent tax credi t on the cost of renovating nationallyu listed historic buildings.
The credits come on top of a 20 percent credit from thefederal government. The combined developers say, can make costly historif renovationprojects worthwhile. Burk is seekinbg $1.1 million in credits for his apartment projec t in the formerWATC building. ’s renovation of the on Main Streetg also is making use of the Sois , which plans a $19 million renovation of the . “It’sw significant for every city across the statse that is involved in historic saysJeff Fluhr, of the “We’re all in position of wantinfg to hear how this is interpreted.” The historic preservatiob tax credit was one of severa l sliced by state lawmakeres in across-the-board cuts.
They limitedf it in each of the next two years tojust $3.75r million — down from the $4.2 millio in credits that were redeemed in 2006. But the decisionj left numerous questions. Developers and economic development officials note the crediy never has been capped inthe past, making the reduction more severed than it appears. They also say that because developers have up to 10 yeara to redeemtheir credits, some may be forced to continuew sitting on theirs.
The state tax credits also can be sold as a way for developersx to generate equity in theirprojects — a proposition that certainlt would get more difficult if the stater limited when those credits could be “We have to look at how the nationb views it,” Fluhr says. “These tax credite are sold all over. The predictability of a markett isvery important. With us putting a cap on it, how is that But Wagnon, of the revenue department, says the agency’zs new guidelines will allow any tax credits that alread y have been issued to be redeemed this year and next even if the totaklexceeds $3.75 million. The department, will place a $6.
25 millionb cap on the credits that are issued inthe Historically, that figure has translated into $3.76 million in redemptions, she says. “I’m pretthy sure we’re going to satisfy what the Legislaturee intendedto do,” she says, noting the law got littlwe scrutiny. Burk, who spoke before the revenue department announcesd itsnew guidelines, says he’s not sure how the issure will affect his apartment project. Tax credits haven’t been issuedc for it yet. it jeopardizes it if I don’t get the credits,” he says.
“There’s a lot of projecta currently in the state that are undetr construction that were based upon getting the state tax mine being oneof them.” He says without the credits, “j don’t think you’ll see too much of that Warshauer, of Grande Venues, has developed projectsx across the country and currently has projects in several states. Warshauedr says he has been impressefby Wichita’s redevelopment efforts. “We find bargainws in towns where the tax codes and incentives become appealing forus developers,” he says. Warshauer, whosre broker is ’s Ted wouldn’t disclose the buildings he consideresd buying.
He says he would have spen $5 to $10 million. Now Warshauer says he’s not looking. “There’s no investor who will ever buy ... Until the state comes to its those buildings will sit empty and continue to he says. “That money’s going to move to anothe state. That’s the tragedy,” he
Monday, January 17, 2011
Port board extends contract with RS&H - Jacksonville Business Journal:
http://www.richmondchic.com/index.php/forums/member/231002/
The authority’s board voted Mondayg to extend its contractwith Reynolds, Smith and Hilla Inc. until 2012. The company will help the authorituy to builda $200 million terminal for Hanjin Shipping Co. Ltd. at Dames RS&H, which isn’t eligiblee to win the design or construction contract for the will help the authority vetpotential contractors, said Leerie the firm’s chairman and CEO. He said it wasn’f clear how much the extension would be worth to the companuy sinceit isn’t known how often the authoritt will use RS&H’s services.
An RS&H principal will help determine how the cost of the project to improve New Berlin Road and Stats Road 9A couldbe lessened. The $11.t million project could now cost the authorityt and the Florida Department ofTransportation $13 said Rick Ferrin, the authority’ss director. The authority put $2 million into the project, with FDOT kicking in the remaininhg $9.5 million. It isn’t cleard how the additional costd will be split between the authorityand FDOT, Ferrin said.
He said the projectg went over budget partltybecause “there were too many cooks in the Ferrin said FDOT approached the projectf with the priority of eventually integratingh the project with Interstate 295, whereas the authority was more concernefd with improving the road so it could better handles port-related traffic. The project is expecter to be completedin September.
The authority’s board voted Mondayg to extend its contractwith Reynolds, Smith and Hilla Inc. until 2012. The company will help the authorituy to builda $200 million terminal for Hanjin Shipping Co. Ltd. at Dames RS&H, which isn’t eligiblee to win the design or construction contract for the will help the authority vetpotential contractors, said Leerie the firm’s chairman and CEO. He said it wasn’f clear how much the extension would be worth to the companuy sinceit isn’t known how often the authoritt will use RS&H’s services.
An RS&H principal will help determine how the cost of the project to improve New Berlin Road and Stats Road 9A couldbe lessened. The $11.t million project could now cost the authorityt and the Florida Department ofTransportation $13 said Rick Ferrin, the authority’ss director. The authority put $2 million into the project, with FDOT kicking in the remaininhg $9.5 million. It isn’t cleard how the additional costd will be split between the authorityand FDOT, Ferrin said.
He said the projectg went over budget partltybecause “there were too many cooks in the Ferrin said FDOT approached the projectf with the priority of eventually integratingh the project with Interstate 295, whereas the authority was more concernefd with improving the road so it could better handles port-related traffic. The project is expecter to be completedin September.
Saturday, January 15, 2011
No announcements on Lafley, P&G expected today - St. Louis Business Journal:
http://moodymethodist.org/sermons/matthew2011825.htm
Speculation about Lafley’s succession reached a pitch aftere the Wall Street Journal reporter Monday that Lafley woule retire July 1 and be succeedec by Chief Operating Officer Bob According thethe report, whichj cites an unidentified source and has not been verified by Lafley will remain as chairman. Tuesday, a P&Gb spokesman said the board is meetinbg all day and no announcementsare expected. Shares of P&G, slipped by 54 cents in afternoon to $52.60. McDonald, a 29-year veteran at P&G and formefr Army captain, has been named as a contendert to succeed Lafley since speculation surfaced about the CEO’s retirement in August.
When Susan president of local businesz unitsat P&G, announced her pendin g retirement in March, it was widely assumed McDonald would get the job. But takinhg over the helm at P&G is a heady endeavo r even ingood times, and the makefr of Tide, Pampers and Pantene is facingt particular headwinds as it struggles to maintaij market share during a worldwide Its third-quarter sales declined by 8 percent, to $18.4 billiomn from $20.5 billion in the year-ago thirdc quarter, as consumers traded down to less-expensive privatw label goods. Under such pressure, some analysts expectecd Lafley would hold on until fully rightingthe ship.
“Although the transitionm was expected, this would be much sooner than the companyy implied as early as 10 days ago at our StrategicDecisiond Conference,” said Ali Dibadj, an analyst with New York firm , in an McDonald joined P&G in 1980 and over the decades gained extensive experience in household goodxs and global markets, particularly in the Japan and Canada. Cincinnati-based P&G (NYSE:PG) is the worlds’ largest consume products maker with a portfolio of hundreds of The consumer-products giant manufactures Cascad dishwashing detergent, Swiffer sweepers and Mr. Clean liquid cleaner, and Febreze fabriv deodorizer atits St.
Louis facility three miles north of downtowmn at169 E. Grand Ave.
Speculation about Lafley’s succession reached a pitch aftere the Wall Street Journal reporter Monday that Lafley woule retire July 1 and be succeedec by Chief Operating Officer Bob According thethe report, whichj cites an unidentified source and has not been verified by Lafley will remain as chairman. Tuesday, a P&Gb spokesman said the board is meetinbg all day and no announcementsare expected. Shares of P&G, slipped by 54 cents in afternoon to $52.60. McDonald, a 29-year veteran at P&G and formefr Army captain, has been named as a contendert to succeed Lafley since speculation surfaced about the CEO’s retirement in August.
When Susan president of local businesz unitsat P&G, announced her pendin g retirement in March, it was widely assumed McDonald would get the job. But takinhg over the helm at P&G is a heady endeavo r even ingood times, and the makefr of Tide, Pampers and Pantene is facingt particular headwinds as it struggles to maintaij market share during a worldwide Its third-quarter sales declined by 8 percent, to $18.4 billiomn from $20.5 billion in the year-ago thirdc quarter, as consumers traded down to less-expensive privatw label goods. Under such pressure, some analysts expectecd Lafley would hold on until fully rightingthe ship.
“Although the transitionm was expected, this would be much sooner than the companyy implied as early as 10 days ago at our StrategicDecisiond Conference,” said Ali Dibadj, an analyst with New York firm , in an McDonald joined P&G in 1980 and over the decades gained extensive experience in household goodxs and global markets, particularly in the Japan and Canada. Cincinnati-based P&G (NYSE:PG) is the worlds’ largest consume products maker with a portfolio of hundreds of The consumer-products giant manufactures Cascad dishwashing detergent, Swiffer sweepers and Mr. Clean liquid cleaner, and Febreze fabriv deodorizer atits St.
Louis facility three miles north of downtowmn at169 E. Grand Ave.
Wednesday, January 12, 2011
Boston Business Journal: Most viewed Stories
http://fountains-for-home.com/pool-pond-spitters.php
A doctoral student at the Massachusettsw Institute of Technology died after falling from a campusbuildiny Tuesday. E Ink, the Cambridge, Mass.-based developer of displag technologiesfor Amazon's Kindle e-reader, said it has agreed to a $215 milliom buyout by Taiwan
A doctoral student at the Massachusettsw Institute of Technology died after falling from a campusbuildiny Tuesday. E Ink, the Cambridge, Mass.-based developer of displag technologiesfor Amazon's Kindle e-reader, said it has agreed to a $215 milliom buyout by Taiwan
Monday, January 10, 2011
Text: Obama's speech in Green Bay - Dallas Business Journal:
tenganmodooo1324.blogspot.com
"Laura’s story is incredibly moving. it is not unique. Every day in this more and more Americans are forcesd to worry not simply abouytgetting well, but whether they can afford to get Millions more wonder if they can afford the routinr care necessary to stay well. Even for thoswe who have health insurance, rising premiums are straining thei budgets to the breakingpoint – premiumx that have doubled over the last nine and have grown at a rate three times faster than Desperately-needed procedures and treatments are put off because the pricre is too high. And all it takes is a single illnesss to wipe out a lifetimeof "Employers aren’t faring any better.
The cost of healtuh care has helped leave big corporations like GM and Chrysler at a competitive disadvantage with their foreign Forsmall businesses, it’s even worse. One they’re forced to cut back on health care Thenext month, they have to drop coverage. The montyh after that, they have no choicew but to start layingoff "For the government, the growing cost of Medicared and Medicaid is one of the biggesgt threats to our federal Bigger than Social Security. Bigger than all the investmentes we’ve made so far. So if you’ree worried about spending and you’re worried abouyt deficits, you need to be worried about the cost of health care.
"We have the most expensive healthb care system inthe world. We spendx almost 50% more per person on healtn care than the next mostcostlyh nation. But here’s the thing, Green Bay: we’re not any healthie for it. We don’t necessarily have bettert outcomes. Even within our own country, a lot of the placesx where we spend less on health care actuall have higher quality than places whers wespend more. Right here in Green Bay, you get more qualithy out of fewer health care dollars than many othefr communities acrossthe country.
And yet, across the spending on health care goes up and up and up dayafter day, year after "I know that there are millionse of Americans who are content with their health care coverage – they like their plan and they valuwe their relationship with their doctor. And no matter how we reform healtj care, we will keep this promise: If you like your you will be able to keepyour doctor. If you like your healty care plan, you will be able to keep your healtcare plan. "But in order to preserve what’sd best about our healtj care system, we have to fix what doesn’y work. For we have reached a point where doing nothing abou the cost of health care is no longedran option.
The status quo is unsustainable. If we do not act and act soon to brinfgdown costs, it will jeopardize everyone’s health care. If we do not act, everh American will feel the consequences. In higher premiumxs and lower take-home pay. In lost jobs and shuttered In a rising number of uninsured and a risin g debt that our children and their children will be payingf offfor decades. If we do nothing, withihn a decade we will spending one out of everuy five dollars we earn onhealtn care. In thirty years, it will be one out of everyt three. That is untenable, that is unacceptable, and I will not alloew it as President of theUnited States.
"Healthy care reform is not part of some wish list I drew up when I took It is central to our economivcfuture – central to the long-term prosperity of this nation. In past yeares and decades, there may have been some disagreemenyt onthis point. But not anymore. Today, we have alreadyy built an unprecedented coalition of folks who are readhy to reform our healthcare system: physicians and health businesses and workers; Democrats and A few weeks ago, some of these groups committed to doing something that would’ve been unthinkable just a few yearsz ago: they promised to work together to cut nationakl health care spending by two trillion dollarsz over the next That will bring down costs, that will brint down premiums, and that’s exactly the kind of cooperation we "The question now is, how do we finish the job?
How do we permanentlhy bring down costs and make quality, affordable healtuh care available to every American? "My view is that reform shoul d be guided by a simple we fix what’s brokenm and build on what works. "In some there’s broad agreement on the steps we should In theRecovery Act, we’ve alreadu made investments in health IT and electronic medicakl records that will reduce medicaol errors, save lives, save money, and stilp ensure privacy. We also need to invesrt in prevention and wellness programs that help Americans live healthier lives.
"But the real cost savingss will come from changinvg the incentives of a system that automaticallt equates expensive care with bettercare – from addressingf flaws that increase profits without actuallu increasing the quality of care. "Wes have to ask why places like the Geisingefr Health system inrural Pennsylvania, Intermountain Health in Salt Lake or communities like Green Bay can offe high-quality care at costs well belosw average, but other placess in America can’t. We need to identifyu the best practices across the learn fromthe success, and replicatd that success elsewhere.
And we should change the warpe incentives that reward doctorz and hospitals based on how many testsx or proceduresthey prescribe, even if thoss tests or procedures aren’t necessary or resulrt from medical mistakes. Doctors across this countryy did not get into the medical profession to be bean countersz orpaper pushers; to be lawyers or businese executives. They became doctors to heal And that’s what we must free them to do.
"Ww must also provide Americanswho can’g afford health insurance with more affordable This is both a moral imperative and an economixc imperative, because we know that when someonre without health insurance is forced to get treatmen t at the ER, all of us end up paying for it. "So what we’re working on is the creationj of something called a Health InsurancweExchange – which would allow you to one-stop shop for a health care compare benefits and and choose the plan that’w best for you. None of these plans woulx be able to deny coverage on the basid ofa pre-existing condition, and all should include an basic benefit package.
And if you can’t afforfd one of the plans, we should providr assistance to make sureyou can. I also strongly believew that one of the options in the Exchange should be a public insuranceoption – because if the private insurance companies have to compete with a publiv option, it will keep them honesgt and help keep prices down. covering more Americans will obviously cost a good deal of moneg at a time wherewe don’t have extrz to spend. That’s why I have already promised that reform will not add to our defici t over the nextten years.
To make that we have already identified hundreds of billions worth of savings in ourbudgegt – savings that will come from stepsz like reducing Medicare overpayments to insurancer companies and rooting out waste, frau d and abuse in both Medicare and I will be outlining hundreds of billions more in savingzs in the days to come. And I’ll be honest even with these savings, reformj will require additional sourcesof revenue. That’s why I’vd proposed that we scale back how muchthe highest-incom e Americans can deduct on their taxex back to the rate from the Reagan years and use that money to help finance healtnh care.
"In all these reforms, our goal is the highest-quality health care at the lowest-possiblse cost. We want to fix what’w broken and build on what As Congress moves forward on healthu care legislation in thecomingh weeks, I understand there will be different ideas and disagreement on how to achieve this goal. I welcoms those ideas, and I welcome that debate. But what I will not welcomr is endless delay or a denial that reform needseto happen. When it comes to healthb care, this country cannot continue on itscurrengt path. I know there are some who believe that reform istoo expensive, but I can assurer you that doing nothing will cost us far more in the comingb years.
Our deficits will be higher. Our premiums will go up. Our wagea will be lower, our jobs will be fewer, and our businessess will suffer. "So to those who criticiz our efforts, I ask, “What is the alternative?” What else do we say to all thosed families who now spend more on health care than housingyor food? What do we tell those businesses that are choosinv between closing their doors and letting their workerd go? What do we say to all those Americans like Laura, a womanj who has worked all her whose family has done everything a brave and proud woman whose child’a school recently took up a penny drivew to help pay her medical bills?
What do we tell them "I believe we tell them that aftetr decades of inaction, we have finally deciderd to fix what is broken about health care in America. We have deciderd that it’s time to give every American quality health care at an affordable We have decided that if we invest in reforms that will bring downcosts now, we will eventually see our deficits come down in the And we have decided to change the system so that our doctorw and health care providers are free to do what they trainexd and studied and worked so hard to do: make peoplre well again.
That’s what we can do in this that’s what we can do at this moment, and now I’ like to hear your thoughts and answer your questiona about how we get it Thank you."
"Laura’s story is incredibly moving. it is not unique. Every day in this more and more Americans are forcesd to worry not simply abouytgetting well, but whether they can afford to get Millions more wonder if they can afford the routinr care necessary to stay well. Even for thoswe who have health insurance, rising premiums are straining thei budgets to the breakingpoint – premiumx that have doubled over the last nine and have grown at a rate three times faster than Desperately-needed procedures and treatments are put off because the pricre is too high. And all it takes is a single illnesss to wipe out a lifetimeof "Employers aren’t faring any better.
The cost of healtuh care has helped leave big corporations like GM and Chrysler at a competitive disadvantage with their foreign Forsmall businesses, it’s even worse. One they’re forced to cut back on health care Thenext month, they have to drop coverage. The montyh after that, they have no choicew but to start layingoff "For the government, the growing cost of Medicared and Medicaid is one of the biggesgt threats to our federal Bigger than Social Security. Bigger than all the investmentes we’ve made so far. So if you’ree worried about spending and you’re worried abouyt deficits, you need to be worried about the cost of health care.
"We have the most expensive healthb care system inthe world. We spendx almost 50% more per person on healtn care than the next mostcostlyh nation. But here’s the thing, Green Bay: we’re not any healthie for it. We don’t necessarily have bettert outcomes. Even within our own country, a lot of the placesx where we spend less on health care actuall have higher quality than places whers wespend more. Right here in Green Bay, you get more qualithy out of fewer health care dollars than many othefr communities acrossthe country.
And yet, across the spending on health care goes up and up and up dayafter day, year after "I know that there are millionse of Americans who are content with their health care coverage – they like their plan and they valuwe their relationship with their doctor. And no matter how we reform healtj care, we will keep this promise: If you like your you will be able to keepyour doctor. If you like your healty care plan, you will be able to keep your healtcare plan. "But in order to preserve what’sd best about our healtj care system, we have to fix what doesn’y work. For we have reached a point where doing nothing abou the cost of health care is no longedran option.
The status quo is unsustainable. If we do not act and act soon to brinfgdown costs, it will jeopardize everyone’s health care. If we do not act, everh American will feel the consequences. In higher premiumxs and lower take-home pay. In lost jobs and shuttered In a rising number of uninsured and a risin g debt that our children and their children will be payingf offfor decades. If we do nothing, withihn a decade we will spending one out of everuy five dollars we earn onhealtn care. In thirty years, it will be one out of everyt three. That is untenable, that is unacceptable, and I will not alloew it as President of theUnited States.
"Healthy care reform is not part of some wish list I drew up when I took It is central to our economivcfuture – central to the long-term prosperity of this nation. In past yeares and decades, there may have been some disagreemenyt onthis point. But not anymore. Today, we have alreadyy built an unprecedented coalition of folks who are readhy to reform our healthcare system: physicians and health businesses and workers; Democrats and A few weeks ago, some of these groups committed to doing something that would’ve been unthinkable just a few yearsz ago: they promised to work together to cut nationakl health care spending by two trillion dollarsz over the next That will bring down costs, that will brint down premiums, and that’s exactly the kind of cooperation we "The question now is, how do we finish the job?
How do we permanentlhy bring down costs and make quality, affordable healtuh care available to every American? "My view is that reform shoul d be guided by a simple we fix what’s brokenm and build on what works. "In some there’s broad agreement on the steps we should In theRecovery Act, we’ve alreadu made investments in health IT and electronic medicakl records that will reduce medicaol errors, save lives, save money, and stilp ensure privacy. We also need to invesrt in prevention and wellness programs that help Americans live healthier lives.
"But the real cost savingss will come from changinvg the incentives of a system that automaticallt equates expensive care with bettercare – from addressingf flaws that increase profits without actuallu increasing the quality of care. "Wes have to ask why places like the Geisingefr Health system inrural Pennsylvania, Intermountain Health in Salt Lake or communities like Green Bay can offe high-quality care at costs well belosw average, but other placess in America can’t. We need to identifyu the best practices across the learn fromthe success, and replicatd that success elsewhere.
And we should change the warpe incentives that reward doctorz and hospitals based on how many testsx or proceduresthey prescribe, even if thoss tests or procedures aren’t necessary or resulrt from medical mistakes. Doctors across this countryy did not get into the medical profession to be bean countersz orpaper pushers; to be lawyers or businese executives. They became doctors to heal And that’s what we must free them to do.
"Ww must also provide Americanswho can’g afford health insurance with more affordable This is both a moral imperative and an economixc imperative, because we know that when someonre without health insurance is forced to get treatmen t at the ER, all of us end up paying for it. "So what we’re working on is the creationj of something called a Health InsurancweExchange – which would allow you to one-stop shop for a health care compare benefits and and choose the plan that’w best for you. None of these plans woulx be able to deny coverage on the basid ofa pre-existing condition, and all should include an basic benefit package.
And if you can’t afforfd one of the plans, we should providr assistance to make sureyou can. I also strongly believew that one of the options in the Exchange should be a public insuranceoption – because if the private insurance companies have to compete with a publiv option, it will keep them honesgt and help keep prices down. covering more Americans will obviously cost a good deal of moneg at a time wherewe don’t have extrz to spend. That’s why I have already promised that reform will not add to our defici t over the nextten years.
To make that we have already identified hundreds of billions worth of savings in ourbudgegt – savings that will come from stepsz like reducing Medicare overpayments to insurancer companies and rooting out waste, frau d and abuse in both Medicare and I will be outlining hundreds of billions more in savingzs in the days to come. And I’ll be honest even with these savings, reformj will require additional sourcesof revenue. That’s why I’vd proposed that we scale back how muchthe highest-incom e Americans can deduct on their taxex back to the rate from the Reagan years and use that money to help finance healtnh care.
"In all these reforms, our goal is the highest-quality health care at the lowest-possiblse cost. We want to fix what’w broken and build on what As Congress moves forward on healthu care legislation in thecomingh weeks, I understand there will be different ideas and disagreement on how to achieve this goal. I welcoms those ideas, and I welcome that debate. But what I will not welcomr is endless delay or a denial that reform needseto happen. When it comes to healthb care, this country cannot continue on itscurrengt path. I know there are some who believe that reform istoo expensive, but I can assurer you that doing nothing will cost us far more in the comingb years.
Our deficits will be higher. Our premiums will go up. Our wagea will be lower, our jobs will be fewer, and our businessess will suffer. "So to those who criticiz our efforts, I ask, “What is the alternative?” What else do we say to all thosed families who now spend more on health care than housingyor food? What do we tell those businesses that are choosinv between closing their doors and letting their workerd go? What do we say to all those Americans like Laura, a womanj who has worked all her whose family has done everything a brave and proud woman whose child’a school recently took up a penny drivew to help pay her medical bills?
What do we tell them "I believe we tell them that aftetr decades of inaction, we have finally deciderd to fix what is broken about health care in America. We have deciderd that it’s time to give every American quality health care at an affordable We have decided that if we invest in reforms that will bring downcosts now, we will eventually see our deficits come down in the And we have decided to change the system so that our doctorw and health care providers are free to do what they trainexd and studied and worked so hard to do: make peoplre well again.
That’s what we can do in this that’s what we can do at this moment, and now I’ like to hear your thoughts and answer your questiona about how we get it Thank you."
Friday, January 7, 2011
Alamo Colleges, Project QUEST team up on college prep program - Boston Business Journal:
http://empiremortgage.net/home/purchases/glossary.htm
Alamo Colleges is working in partnership with the nonprofit Projecft QUEST on an intensivre summer program calledQUEST Prep. This prograk is providing students with reading and math preparation and collegdsuccess strategies. “This program is part of our continuintg efforts to make it possible for more studentxs to enroll and succeexd at theAlamo Colleges,” says Federico Alamo Colleges vice chancellor for economic and workforcer development.
“All students who have a GED are eligibl to enroll in theAlamo Colleges, and this innovativde program will equip the students enrolled in it with the informatioh and skills they need to enablwe them to stay in college and complete a degre plan.” The program will target 50 students who have earnefd their GED in the last 24 months. Classez will take place at the Alam Colleges Westside Education andTraining Center. Alamo Colleges operate s five community college campuses in San They are: San Antonio College, Palo Alto College, Northeas Lakeview College, Northwest Vista College and St. Philip’ss College. www.alamo.
edu
Alamo Colleges is working in partnership with the nonprofit Projecft QUEST on an intensivre summer program calledQUEST Prep. This prograk is providing students with reading and math preparation and collegdsuccess strategies. “This program is part of our continuintg efforts to make it possible for more studentxs to enroll and succeexd at theAlamo Colleges,” says Federico Alamo Colleges vice chancellor for economic and workforcer development.
“All students who have a GED are eligibl to enroll in theAlamo Colleges, and this innovativde program will equip the students enrolled in it with the informatioh and skills they need to enablwe them to stay in college and complete a degre plan.” The program will target 50 students who have earnefd their GED in the last 24 months. Classez will take place at the Alam Colleges Westside Education andTraining Center. Alamo Colleges operate s five community college campuses in San They are: San Antonio College, Palo Alto College, Northeas Lakeview College, Northwest Vista College and St. Philip’ss College. www.alamo.
edu
Wednesday, January 5, 2011
AMD CEO: Restructuring complete - Austin Business Journal:
zvonkovaleoqim.blogspot.com
CEO Dirk Meyer said AMD's AMD) primary division will end the year out of the red and with a positivew cash flow if the personal computet market does better in the secondd half of the year than it has in the first Reuters reported. That excludes the operationx of GlobalFoundries, a joint venturew between Sunnyvale, Calif.-based AMD and a groupo out of Abu Dhabi. The CEO'as comments were his first since the European Commissio n last week ruled thatthe world's number one chipmaked Intel Corp. had given illegal rebates to computer makers in an effort tocut AMD's marketf share.
Intel was ordere d to stop the practice, but Meyerr said he doesn't expectf a "light switch" effect from the Reuters reported. AMD has about 2,1009 employees in Austin. Last year the company had two major roundas of layoffs that cut about 10 percent of employeese from its ranks and it eliminatedanother 1,100 this AMD lost $3.1 billion on $5.8 billiobn in revenue in 2008.
CEO Dirk Meyer said AMD's AMD) primary division will end the year out of the red and with a positivew cash flow if the personal computet market does better in the secondd half of the year than it has in the first Reuters reported. That excludes the operationx of GlobalFoundries, a joint venturew between Sunnyvale, Calif.-based AMD and a groupo out of Abu Dhabi. The CEO'as comments were his first since the European Commissio n last week ruled thatthe world's number one chipmaked Intel Corp. had given illegal rebates to computer makers in an effort tocut AMD's marketf share.
Intel was ordere d to stop the practice, but Meyerr said he doesn't expectf a "light switch" effect from the Reuters reported. AMD has about 2,1009 employees in Austin. Last year the company had two major roundas of layoffs that cut about 10 percent of employeese from its ranks and it eliminatedanother 1,100 this AMD lost $3.1 billion on $5.8 billiobn in revenue in 2008.
Sunday, January 2, 2011
Business owners ante up for U.S. Senate candidates - Tampa Bay Business Journal:
http://www.squidoo.com/metal-siding
Ray Campo did not return calls for but Jack Campo said the family has longsupported Castor's politicak ambitions. "She's not an idealist. She'as practical but firm in her beliefs and when she disagreeawith you, I appreciate her saying, 'We'l have to discuss that a little Jack Campo said. "You know where you stand with With Castoras senator, Clark said he believed Florida stoofd a better chance of getting back more of the moneyt it pays in federa l gas taxes. Buchanan said Martinez's stands on healtb care and the economy were key issueasfor him.
"Health care costsa have gone throughthe roof, and a lot of small businesse s can't even get Buchanan said. "In my mind, he (Martinez) understands that jobs are createdf when you have a good environment for small business." Robert Watkins, president of , a Tampw accounting and finance firm, is a Martine z backer in part because of the position Martinez -- a one-time trial lawyer -- has takejn putting caps on lawsuitsx as part of tort "I don't think Mel believesw there's a simple solution, but I believs he thinks there is a solution, and he'as willing to sit down at the table and come up with the Watkins said.
Watkins, whose $8,000 contribution to Martinez makea himthe second-largest donor from the Tampqa Bay area, also said Martinez'x background gives him "a basis for understanding problems and hopes and dreams, of people from all walks of Other major contributors to each campaign did not return calls for comment.
Ray Campo did not return calls for but Jack Campo said the family has longsupported Castor's politicak ambitions. "She's not an idealist. She'as practical but firm in her beliefs and when she disagreeawith you, I appreciate her saying, 'We'l have to discuss that a little Jack Campo said. "You know where you stand with With Castoras senator, Clark said he believed Florida stoofd a better chance of getting back more of the moneyt it pays in federa l gas taxes. Buchanan said Martinez's stands on healtb care and the economy were key issueasfor him.
"Health care costsa have gone throughthe roof, and a lot of small businesse s can't even get Buchanan said. "In my mind, he (Martinez) understands that jobs are createdf when you have a good environment for small business." Robert Watkins, president of , a Tampw accounting and finance firm, is a Martine z backer in part because of the position Martinez -- a one-time trial lawyer -- has takejn putting caps on lawsuitsx as part of tort "I don't think Mel believesw there's a simple solution, but I believs he thinks there is a solution, and he'as willing to sit down at the table and come up with the Watkins said.
Watkins, whose $8,000 contribution to Martinez makea himthe second-largest donor from the Tampqa Bay area, also said Martinez'x background gives him "a basis for understanding problems and hopes and dreams, of people from all walks of Other major contributors to each campaign did not return calls for comment.
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