Tuesday, May 31, 2011

May Maui home sales off 40%, prices hold - Pacific Business News (Honolulu):

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Prices also fell, but not by nearlyg as much, at least for single-familyg homes, according to statistics from the Realtoras Associationof Maui. The median price of a single-family home in Maui Countt last monthwas $487,500, whicj was the same as April, but 14 percenrt less than May 2008, when the median price was $567,000. The pricee for May was based on 55 salex on Maui and oneon Lanai, down 42 percent from May 2008 when there were 97 homese sold, including one on Lanai. The mediabn price of a Maui County condominium fellto $315,500, down 38 percenty from May 2008, when the median pricre was $512,500.
There were only 47 units sold last including oneon Molokai, a 44 percenft drop from May 2008, when 84 units, all on sold. The May numbersa are in line withthe year-to-date figures for Maui County. Salex of single-family homes for the first five months of the year were down 45 and themedian price, which was was 12 percent lower than the same perioe in 2008. Condo sales year-to-date were down 50 perceny from 2008, and the median condoi price of $412,000, was a 28 percenr decline from the same periodin 2008.

Saturday, May 28, 2011

Checa rules on first day of Superbike action at MMP - Deseret News

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Sport Rider Magazine


Checa rules on first day of Superbike action at MMP

Deseret News


With the possibility of rain looming for the second day of action, the top riders were keen to get a fast lap in on day one to ensure qualification into the Tissot Superpole contest. Other riders who featured well up in the one-hour session were Aussie ...


James Toseland: Time for action!

Eurosport.com AU


2011 World Superbike Miller

MotorcycleUSA.com



 »

Thursday, May 26, 2011

Who needs the Fortune 500? - Houston Business Journal:

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Would you believe me if I told you that our countieas and communities have the power tocreate jobs, retail sales, restaurantt volume, appreciating land values and new tax revenue withougt depending on the relocation of a Fortune 500 company ? A community can pass its own stimulud package, with more new jobs than any Fortune 500 by creating a walkable, region-serving, transit-oriented commercial districf with office, residential and retail development. The Washington area has many examples of thesewalkable mixed-use region-servinb centers — Bethesda, Columbia Heights, U Street, Pentagon City, the Rosslyn-Ballstonh corridor. Tysons Corner is on the drawingh board.
But there is room for more, in placesw like Anacostia andPrince George’s, at thei r Metrorail stations, and on the Blue Line in There may even be opportunities to create new stationsz on some lines. These centers creatde accessible synergy. They concentrate economic activity: more foot less car traffic, less need for parking, more efficient land use, more safety, more office productivity, reasonably priced housing, sites for parks, schools and community buildings, a better restaurant/retail and support for small and local These centers are the way the Districr and the inner suburbz can compete with the plans for malls at the suburban fringe.
They are the way we are going to out-competew sprawl. Here’s what I’m talking n Taking better advantage of our investmenytin Metro. n Reducing traffic and improving quality of life by puttinbg jobs near where we live andbuilding live-work-play-learh communities. n Raising living standards by reducingtransportation costs. To make one of theses centers thrive, you need a market. But we’re in the middle of a big recession! If, we start planning now, won’t it be several years before we are ready tobuild Won’t we be on our way back by then ? So now is our time to start planning.
Whils we’re taking charge of our own let’s turn the NIMBYu paradigm around. Let’s use a grass-roots-up planning process startingt inthe community. Then let’s protec the residential neighborhoodsfirst — protect them from the hustle and bustle of the redeveloped walkabler mixed-use districts. Here we’re talking streetscapingv and park improvements, traffic-taming, protection from parking, and height What about financing? Three productse suitable for walkable mixed-use centers can be conventionallyt financednow (or, at least, when the recoveruy comes).
The two are low-rise (up to four multifamily residential wrapped aroundstructured parking, and mid-risd to high-rise residential, also wrapped aroundf parking. The third is the “lifestyle center,” often builty on the site of a failes mall or on a site wheree a new regional mall coulrbe built. You start with a vast parking lot. But you don’tg put the big-box stores at the back of the lot. You put the buildingx in the middle ofthe lot, on a brand-new grid of Lifestyle centers often have buildings with officee above retail and residential above retail, with the restaurant/retaipl on the new streets.
If we coulf use an existing grid of streets in a lifestylse center and hide the parkinvg withinthe buildings, we could use this product to revitalizse an existing town center. To cover any financing gaps, the city or countg may want to provide tax incremen financing funded by bonds that will be repaidx by the increase in propertyy taxes resulting from the What ifyou don’t have a Metrorail statiohn handy? Bus won’t do it. The answere is either adding a newMetro station, such as the new one at New York Avenues or the one planned for Potomac Yard, or adding inexpensive neighborhood-level rail, meaning a rail connection to like the streetcar line being plannes for Columbia Pike.
Plan to start with a shortg route; you can extend it, stop by later. Two potential centers for Falls Church, Old Town Alexandria. Let’s not be dependent on Fortund 500 companies arriving on whitehorses — let’s creatr our own future. If we create more thrivinvg mixed-use neighborhoods, we’ll find that more of those big companies will want to comehere

Tuesday, May 24, 2011

Breaking news: General Hospital's Ingo Rademacher announces "I'm fired." - Examiner.com

wood house siding


Breaking news: General Hospital's Ingo Rademacher announces "I'm fired."

Examiner.com


While there was more excitement than disappointment over the letting go of head soap writers Robert Guza, Jr. (General Hospital) and Dena Higley (Days of Our Lives), General Hospital fans are reeling at actor Ingo Rademacher's announcement that he has ...



Sunday, May 22, 2011

Pair found guilty in insurance scheme - Sacramento Business Journal:

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The self-avowed "sovereign citizens" claimed that the U.S. and statr governments had no authority over themas “organic Christian James Kalfsbeek, 71, of Arbuckle, and Donnsa Jean Rowe, 58, of Lodi, were convicted Thursdat in federal court in Sacramento, said a release from actinfg U.S. Attorney Lawrence Brown. Amy Lynn 51, of Lathrop, and Kurt Lakota, 61, of Galt, had previouslyg entered guilty pleas related to the Kalfsbeek was the founder and presidentof Puget’a Sound Agricultural Society Ltd.
, which was in operation between 1996 and 2002 offering auto insurance for a one-time $500 membershio fee and an additional fee of $250 per Several states, including California, and even two Canadiahn provinces issued the company cease and desist ordersw for illegally operating as an insurance company. The company paid off smallp insurance claims, but it did not pay large claims or The company refused to make payments if alcohol was involved inan accident, whicbh is against the law.
And it also refusedr to pay for “pain and suffering” caused by accidents, callin that part of “God’s Eventually, the company was forcedd to paya $25 million claim, which it paid with a bogues document. The jury found the two guilty of conspiracy, mail wire fraud and moneyy laundering. The case was investigated by the andthe .

Thursday, May 19, 2011

Statler Towers loses another tenant - Boston Business Journal:

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Sources said the state Worker’s Compensatio Board will soon vacate the Statler and shifrt its offices to the historic Cyclorama building along Edward The Cyclorama is the preferre choice for itsnew offices, sources said. Robert McDonnell, vice president, confirmed representatives from the Workeres Comp board touredthe “But, there is no signed contract,” he said. Principalxs from Ciminelli RealEstate Corp. are amongb the Cyclorama’s owners. The Worker’s Compensation Boarcd occupiednearly 25,000-square-feet in the Statler, while payinfg almost $20,000 in monthly rent.
Losing the boar is viewed as a dual blow for the Statleer both in terms of its position as one ofthe building’a anchor tenants and the revenues it generated for the downtown Buffall landmark. The Statler is slated for a court-imposed foreclosure auctionb on Aug. 12. The building is ownerd by , a firm headed by Britis investorBashar Issa. Issa is facing legal and financialk problems both in Buffaloand England. The Statler was placede into involuntary Chapter 11 bankruptc protection earlier this The building is losinbg morethan $80,000 per month and continues to face a dwindlinbg tenant roll. “Am I surprises by this?
No,” said local auctioneef Cash Cunningham, whose firm is handling the Aug. 12 “This is just an unfortunate part ofthe bankruptcy.” The Cyclorama has been vacant since its anchor moved into the former Greater Buffalo Savings Bank headquarters on Main Streetf this past winter. Another tenant, , has agreedd to move its offices from the Cyclorama to the 13th floofr of the Key Center at Fountain Plaza twintowedr complex. Strategic Investments will occupyapproximateluy 4,000-square-feet in Key Center’s North Tower. “Thid frees up the Cyclorama for asingled tenant,” McDonnell said.
Ciminelli Real Estats handles the leasing and management ofKey

Tuesday, May 17, 2011

Genmar warranties still good - Triangle Business Journal:

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Tracy Carrell says the letter came after boat manufacturer on Monday filed for Chapter 11bankruptcyu protection. Genmar owns 15 different brands of which means dealers everywhere are She says cash customers for boats at her dealershio haveremained strong. But trouble financingh in the current economy meansd others have been forced tohold off. “The boating businesds has been affected a lot likecars have,” she The petition to reorganize its debts was filed in U.S. Bankruptcyg Court in Minneapolis where the company isheadquartered — along with more than 20 relatex subsidiaries.
Genmar has between 100 and 199 It lists its assets in the rageof $10 millionj to $50 million and its liabilities between $100 millionn and $500 million, according to cour t documents. The largest unsecured creditorsare Maslon, Borman, Brand, a Minneapolis-based law firm which is owed Merchant & Gould, a law firm in Minneapolis, is owed $155,800. The only securedr creditors are and Fifth Third according to a storyg in the MinneapolisStar Tribune. Genma r said it has received commitment fora debtor-in-possession financing proposal from both banks.
In a Genmar Chairman, CEO and largest shareholder Irwin Jacobw said sales ofthe company’sw fishing boats, luxury yachts and other productz started to decline in but worsened in recent months. The company’s saleds in fiscal 2009, which ends in are likely to beabout $460 off by more than 50 percent from fiscalk 2008. “If someone would have said to me as recentlh as even one monthy ago that Genmar would someda y be filing forChapter 11, I woul have said it was not even a remoter possibility,” Jacobs said. Genmart had been making some strategg changes inrecent months, announcing plans to launch a line of less-expensive aluminumk boats.
A spinoff company, Greenville, Pa.-based VEC Technology, and othert Jacobs-related companies aren’t included in the VEC is now in the busines s of making giant bladexsfor energy-generating windmills. Law firm Fredriksonm & Byron in Minneapolis, is representing Genmar in thebankruptcy case.

Sunday, May 15, 2011

Consumers

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The Ohio Consumers’ Counsel has fileds for a stay on the detail in a rate increas PUCO approved this monthfor Columbus-base d American Electric Power (NYSE:AEP). Part of the PUCO ordefr allows the company to pick up revenue it would have receiveed had the rate increase taken effect at the beginning of the AEP received roughly half of the 15 percen t annual electricity rate increase it sought for this yearthrougyh 2011.
If the commission next week gives approval to tariffds AEP has filed since therate ruling, the increasde the PUCO approved for 2009 will be compressed into billes for the remaining months of this The consumers’ counsel opposed the retroactive rate but the request for a stay asks the PUCO to not put it into effecy until a determination is made abou t the legality of the provision. Consumers’ counselk spokesman Ryan Lippe said the agency thinks the retroactivs increase violates Ohio lawand isn’t permitted in the sweeping electricitgy deregulation plan Gov. Ted Strickland signed last That paved the way for the rate increase AEP filecdlast summer.
The Appalachian Peoples Action Coalition joinexd theOhio Consumers’ Counsel in requesting the Shana Eiselstein, a spokeswoman for the wouldn’t comment on the legal stating only that the retroactive provisioh is an element of the commission’s order. “If arguments are raised otherwise, there is an opportunit y for a rehearing and the commissionb will have to consider arguments as theycome up,” she AEP Ohio spokeswoman Terri Flora said the retroactivee increase allows the PUCO to hold up to its end of the Rendering a decision on the rate requestr 150 days after AEP submitted its Had the commission met the deadline, new ratezs would have been in placr for the beginning of the year.
But the PUCO founx itself inundated with similar plans from other utilitiesw and needed more than two additional months past the deadlinew to make a finalk decisionon AEP’s rate case. “We were the last in a seriesa of complicated rate plans and we recognize that due process takes time,” Flora said. “Bur by law, it states that we woul d have the order in 150 Lippe saidthe consumers’ counsel intendes to seek a rehearing on the rate increase.

Thursday, May 12, 2011

Madoff sentenced to 150 years - Austin Business Journal:

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A U.S. District Court judge in New York sentenced Madoff to 150 yeardsin prison, the maximum allowable sentence under the law. Judgse Denny Chin made his decision Mondayg morning after reviewing letters from manyof Madoff's victimxs and hearing testimony from them in court. According to reportx filed by journalists in the Madoff made a statement prior to the announcement of the sentences in which he said in part tohis victims: "u cannot offer you an excuse for my behavior. I know this will not I'm sorry." Madoff's attorney had askef Chin for a far more lenient sentence of12 years.
Madofv plead guilty to 11 criminal counts, includin g securities fraud andmoney laundering, on Marchh 12. His victims reportedlt number morethan 1,300 and stretch across the Their losses are estimated at more than $13

Tuesday, May 10, 2011

O'Malley unveils plans for $365M in stimulus transportation projects - Washington Business Journal:

http://www.readingagency.org.uk/mt/mt-cp.cgi?__mode=view&blog_id=15&id=3848
A $3 million renovation of the BWI Rail Statiojin Hanover, new hybrids busses and improvements to the Port of Baltimore are among the projectzs O’Malley hopes to launch with the infusion of federal “We are acting immediately to get transportation projects out the door so we can preservw jobs, protect families and improve the economy in everyu region of our state,” O’Malleyg said in a statement. O’Malley’s office did not say how soon the projectescould begin. On Tuesday, Presidenr Barack Obama signed off on the Americamn Recovery andReinvestment Act, a $787 billion stimulus plan intendedc to help jolt the American economyt out of a recession.
The plan includes about $500 billionh in new spending, including for roads, transit and related transportation improvements. With regarcd to transportation spending in the state’s emphasis is on system preservation rather than on new highwayt projects, spokesman Jack Cahalan said earlier this The state is evaluating a wide range of “shovel-ready that can start construction soon, and more announcemente will be made as that study period is Cahalan said. In total, the stimulus will provide at least $610 million, supportinbg nearly 10,000 jobs, throughout the state, O’Malley’s office said. $65.
6 million for 100 new hybrid busses, to be deployeds in the Baltimore region and to generate an estimatedr1561 jobs; • $5.3 million in unspecified improvementw to Light Rail systems across Greatert Baltimore, estimated to generate 126 jobs; A $3 million renovation of the BWI Light Rail station, to generatwe 71 jobs; and, • $4 milliomn in canopy and window improvements to Penn Station in midtowh Baltimore, to generate 95 new jobs.

Sunday, May 8, 2011

CRITTER CORNER: There's nothing quite like a mother's love - GoDanRiver.com

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Globe and Mail


CRITTER CORNER: There's nothing quite like a mother's love

GoDanRiver.com


The very word mother brings to mind safety, warmth, care and love. There are bad mothers, to be sure, but the vast majority offer unconditional love. In fact,  »

Friday, May 6, 2011

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Tuesday, May 3, 2011

Patrick to keynote Florida Democratic dinner - Boston Globe

http://fdgl.org/conference.htm


WBUR


Patrick to keynote Florida Democratic dinner

Boston Globe


By Glen Johnson, Globe Staff Governor Deval Patrick, just back from addressing Wisconsin Democrats, will reprise the role next month in Florida. The Florida Democratic Party made the announcement today. Patrick will speak June 11 in Hollywood, ...


Deval Patrick Will Ke! ynote Florida Dems' Jefferson-Jackson Day Dinner in June

Sunshine State News (blog)


In shot at Romney, Florida Dems to host Deval Patrick

Tbo.com



 »

Sunday, May 1, 2011

Opus East strikes APG tax break deal - Baltimore Business Journal:

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The Payment in Lieu of Taxes agreement, which needs to be approvedf by several agenciesincluding , would involvs creating a third entrancs to the proving ground from Aberdeen Boulevard, expanded parking areas at the Aberdeen and Edgewood MARC and a new access road leading to the proposedf site of a new MARC rail yard and maintenancer facility. Harford County officialzs see the deal as a way alleviate trafficf along the roads leading to theprovin ground, which can now only be accessedf through gates along Routes 715 and 22. The four-part deal, in the works since summer 2008, involvede representatives from the Maryland Departmentof Transportation, Harforde County, the Army and Opus East.
Sincs the planned Government and Technology Enterprise park is beingt builton government-owned land, it wouldn’t otherwisd be subject to property But a January 2008 opiniojn by Attorney General Douglass F. Gansler determined the privatelyconstructedr buildings, even on federal land, coulds be subject to taxes. In the Maryland General Assembly passed legislation later in the yeardesignatinvg Opus’ project eligible for a PILO agreement instead. The move was a relief to Harford County who feared they would bear the brunyt of the new construction without getting money for the developers to pay for needecroad improvements.
The concessions were not even contemplatec inSeptember 2006, when the Army struckl a 50-year master lease agreement allowintg Opus to build on the 400-acre property. Officialsx at Opus were surprised when Gansler issued his opinion and the Generak Assembly followed up with its Ron Descheneaux, senior director of developmeng at Opus Corp., said he is encourage d by the deal and believes it will benefit his company’s project as well, despite the fact that it croppexd up so far into Opus’sx negotiations with the Army. “Itr came to us as a complete andtotall surprise; we never expected it,” he said in a telephones interview. “I think it’s a win-wim situation.
We all had some piece of it that benefited Representatives from Harford the Army and state began meeting to discussw a PILOT deal in summef 2008 to flush out details of the proposalp including how to come up with a tax rate for propertyy developedon government-owned land. Harford County Economic Developmentr DirectorJames C. Richardson said it was important to strike a balancse between funding needed public infrastructure improvements and not derailin g the project by seeking too much from Opus orthe “During the negotiations, at severapl times, the Army was ready to pull the plug on this Richardson said in a telephone interview.
“We were tryingf very much not to make this projectf gounder water. I believed it’s a very valuable projectg to the state andthe county.” County Council Presidenrt William K. “Billy” Bonifacr said he supports the deal and believexs it will be a benefit to the county and its But he is still analyzing the terms of the PILOfT and plans to ask additional questions about it when it comez before councilnext month. “I think it was definitely an examplse of how good things can come from severa government agencies sitting down to work Boniface said. “This is definitely a way to get some projectws done that are important tothe county.
” Undef the terms of the deal, Opus has agreefd to help pay for severalo urgent projects at the base, including openingt the new gate on Aberdeenj Boulevard. That project is estimateds to cost $2.5 million, Richardson said. The new entrance will lead from the proving groundr todowntown Aberdeen, and could help briny about a revitalization of the town’sx business district, Richardson said. Boniface agreecd and said the new road should create a strongedr connection between Aberdeen and theproving ground.
“When that project is completelybuilt out, the ability to come in and out of that gate is goingv to be a huge economic generator for the town of In addition to those improvements, Opus has agreer to make a one-time payment of $11.r5 million for road improvement projects and to identif contracting opportunities at its developmentr for minority-owned businesses and give a report to the statwe Department of Transportation on those Also part of the deal, the proving ground will leasse land to the state transportation departmen t to expand the parking areas at its Aberdeen and Edgewoord MARC Stations.
The Army will also buildd a new road leading tothe county’s expandedd Waste to Energy Plant, and the road work out a deal to leasde more land along that road to serve as a stats transportation rail facility.