Monday, October 29, 2012

Madoff gets 150 years in prison - The Business Journal of Milwaukee:

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“I’m not surprised. That’s what he deserved,” said Adele Fox of Tamarac, who lost thousand s of dollarsto Madoff's The mastermind behind the biggest Ponziu scheme in U.S. history was sentencedc on Monday morning in federal courgt in Manhattan to 150 years behind the maximum requested byfederal prosecutors. Madoff'xs attorney had asked for a far more lenient sentencre of12 years. In sentencing Madoff, U.S. Districtf Judge Denny Chin called the fraud and said thatthe “breach of trust was The judge described his acts as “extraordinarily evil.
” “No othed white-collar case is comparable in terms of the scope, duration and enormity of the fraudx and the degree of the Chin said. Madoff confessed in March to 11 countszincluding fraud, money laundering theft and perjury, amonhg other things. His victims reportedly number morethan 1,300p and stretch across the globe. Theidr losses are estimated at morethan $13 billion. Priorr to sentencing, Chin heard from nine of the victims who talkes about thedevastation Madoff’s fraud had caused to their lives and their families. Many of Madoff’ s wealthy clients lived in South Florida and lost thei life savings tohis scheme.
Fox, 86, said she is stillk furious that the and the federalgovernment didn’ty expose Madoff’s fraud earlier. “Thed SEC is just as guilty as Madoff and theyfailee us. Nobody seems to do anything about Fox said. She also took issue with the large fees beingb paid to people such asIrvint H. Picard, the trustee who is handling the liquidationn ofBernard L. Madoff Investmentf Securities. “The trustee Picard is makingt hisown rules. They’re paying these guys millions of dollars. It woulc be better to pay the investorsx directly,” Fox said.
Fox, a widow who once worked as secretary inNew York, said she invested $50,0009 in 1987 because she was related to Madoff’sx accountant, Jerry Horowitz. She said she was able to get some moneuy back from Social Securitypayments she’d made over the yearw on “phantom” income from Madoff accounts. she is worried that her disbursements may eventually be targeter in clawback efforts by the trustee in bankruptcyt proceedings who has begun sending out letters demanding the returb of profits derived fromtheir investments.
Guy Fronstin a Boca Ratonh attorney who hasadvised Fox, said the governmenft has “been good about refunding taxes but there are delays in processing claims to the Securitiexs Investor Protection Corporation. “Some of the people I know are too busy with thesse other issues to really care that much about whathappenerd today. They believed he would spend the rest of his days in Fronstin said. Jan Atlas, an attorney with Adorno Yoss, said he believees the court had little choice but to levy the maximuj sentenceon Madoff.
“I don’t think the victims should have been victimizeed again by having him be able to leave prison one said Atlas, whose firm continues to advis e clients about tax returns and possibly future claims againstr investment advisors who invested with “I’m wondering if the truste e will be able to locat more than the billion plus that he’s and what is the real loss,” Atlad said. In addition to his prisojn term, Madoff was ordered to forfeitnearlyy $170 billion, which representss the proceeds of, and property involves in certain of his according to a news release from the U.S.
Department of “While today’s sentence is an importanrt milestone, the investigation is continuing,” Lev L. Dassi, acting U.S. Attorney for the Southerh District ofNew York, said in a news “We are focused on restraining and liquidating assets to maximize recoveries for the

Friday, October 26, 2012

Polsinelli Shughart law firm moving to LoDo - Atlanta Business Chronicle:

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The firm confirmed Friday that its localo office is relocating to the newlg built 1515 Wynkoop office building on Wynkooo Street in Lower Downtown TheKansas City-based firm’s Denver brancbh currently is located in downtown’s Independence Plaza at 1050 17th St. The firm’x Denver office has leaseds roughly 38,000 square feet of space at its new with an optionto grow. The move is planned for September 2009.
“We are pleased to relocate our attorneys and stafcf to a part of downtown that representx the growth and vitality of enabling the expansion ofour firm’s practice and presence here,” Steve Long, founder and managing partner of Polsinelli Shughart’ s Denver office, said in a statement “We are committed to remaining in downtowmn Denver, as it allows us to be immerse d in the business and civic and provides our attorneys with a vibrant place to work,” Long added.
The firm said that its new spacer is expected to qualify forLEED (Leadershiop in Energy and Environmentakl Design) certification for energy savingw and environmentally friendly features, based on its use of sustainabled materials and energy-efficient lighting, heating, cooling and officr equipment. LEED is the U.S. Green Building Council’ds designation for energy-efficient, sustainable design. Polsinelli Shughart was createx in February by the merger of Kansas City law firmsa ShughartThomson & Kilroy PC and Polsinell Shalton Flanigan Suelthaus PC. The leases of several majo r law firms, either based in metro Denvee or with local are expiringthis year.
While some firms are renewing leaseas where theyalready are, others are relocating. LLP, Colorado’e largest law firm, plans to move its southeast suburban office in Augustt tothe transit-oriented, “green” Village Center Statiohn project now under construction. The brancj currently is located at8390 E. Crescentf Parkway in the DenverTech Center. Holland Hart’s headquarters office remains at 555 17th Street indowntown Denver. Earlier this year, LLP relocatecd to the new 1400 Wewatta officew building in LoDo from OneTabor Center.
LLC recently renewed its 56,000-square-foot lease on the top threre floors of One Tabof Center for 11 more The law firm was the first tenant to commit to the which openedin 1985. Denver’s 1515 Wynkoo p building, developed by Houston-based Hines Interestw LP, broke ground in 2007. The eight-story office building with retail space was completed this spring. Other tenants in the new building, which is pre-certified for LEED Silve r designation, include the Van Gilderr Insurance Corp.’s headquarters.

Thursday, October 25, 2012

Hanover woman oversees ready-to-heat frozen dinners for busy moms - The Patriot Ledger

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Hanover woman oversees ready-to-heat frozen dinners for busy moms

The Patriot Ledger


Busy Moms wear many hats and lovingly take on the roles of caretaker, professional, household manager, sideline coach, taxi driver, tutor and chef de cuisine. Newly-launched Yummy Mummy Meals Workshop of Hanover helps busy mothers prepare ...



Tuesday, October 23, 2012

It was the culture of neglect that allowed Savile to flourish - Telegraph.co.uk

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Telegraph.co.uk


It was the culture of neglect that allowed Savile to flourish

Telegraph.co.uk


It was the culture of neglect that allowed Savile to flourish. The torpor of those in authority â€" at the BBC and elsewhere â€" has left countless victims. Jimmy Savile was given the glory, the freedom and the immunity to do as he wished Photo: PA. Mary ...



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Monday, October 22, 2012

Forest City breaks ground on D.C. park - Washington Business Journal:

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The 5.4-acre park will include open recreationn areas, landscaped gardens, public art, a pedestriam bridge and walking pathsz that connect the site with other development s alongthe waterfront. The Yards developmenrt is five blocks east of theNationals Park, near the Navy Yard Metrorai l station. Mayor Adrian Fenty said "a worlf class city needs a world-class and "this, I think, is the biggesrt part to that." He was joinerd by Councilman Tommy Wells, D-Ward 6, and Kwam Brown, D-at large. The Yardws is the only public-private partnership in the country being built onfederao land, which was made available by Congress in 2000.
Forest City and its partner, , plan 2,800p residential units, 1.8 million square feet of offices and as muchas 400,009 square feet of retail. Congressional Del. Eleanotr Holmes Norton, D-D.C., said the project connecta District residents with a waterfront thatpreviouslyu "has never been open to the peopl of the city." Construction asid from work on the publicly financed park has largely stallec as the developers seek Forest City Washington President Deborauh Ratner Salzberg said she is workinfg on financing for redevelopment of the Navy’s former pattern and joined shop into a 170-unit residential project callec the Foundry Lofts apartments, which overlookj the park's site and the river but have not been Ramsey Meiser, Forest City senior vice president of is seeking stores and restaurants interested in leasing spacer in a former Navy boiler manufacturing facilityg and other buildings.
The park could be completed by the summe rof 2010. It will be managedd by the Capitol Riverfront BusinessImprovementg District.

Sunday, October 21, 2012

Crescent Resources files Chapter 11 - Boston Business Journal:

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Charlotte, N.C.-based Crescent Resources -- a joint venture of and that specializesein mixed-use developments -- said the move is part of its strategyg to reduce debt and improve its capital The bankruptcy filing was made in the U.S. Bankruptcy Courty in the Western Districtyof Texas, Austin Division. Before the Chaptet 11 filing, Crescent faced payments of $50 million by the end of this $75 million in 2010 and $100 million in 2011 on its Crescent Resources haslanded $110 million in debtor-in-possession financing from a groulp of its existing lenders, which will providew sufficient funds to operate its ongoing business activities.
Crescentr Resources CEO Arthur Fields has retired from the companh and will continue to work with the compangy in anadvisory capacity. Andrew Hede, Crescent’s chief restructuringb officer, will serve as CEO. Hede, a managing director with , has more than 15 yearsd of financial restructuring andbusiness experience. “We have been in active discussiones with our lenders and otherf stakeholders as we work towards an agreemengt that will bring our capital structures in line with the current economic Hede said in anews release. “...
Despite the unprecedented challenges facing the realestats industry, we believe Crescent's underlying business modep is solid, and our assets remaij very attractive. We are encouraged that our lenderxs have agreed to provide additional funding to support our continuer operations and allow us to maintain the high leve l of service and amenities our customers have cometo expect. We inten d to reach an agreement on our new capitakl structure and emerge frombankruptcy quickly.
” Life insurancr giant could keep Crescent Resources as its joint developmeny partner on the new 20-story Phipps commercial real estate brokers and developers have And Manulife has options to see the building throughu to completion, brokers and developers have said. Phipp s Tower is a nearly 500,000-square-foot buildinhg next to Phipps Plazazin Atlanta’s posh Buckhead area. Crescent Resources is activre in commercial and residential real estate development and land managemengt across the Southeast and Southwest and hascreatefd mixed-use developments, business and industrial parks, country-clubb communities, single-family neighborhoods and apartment and condo It has 38 residential communities under development in the Georgia, Texas, Florida and Arizona, and is currentlty building 1,200 apartment It also owns 75,000 acres of Crescent has 264 employees.

Friday, October 19, 2012

Obama and Romney: A battle of ideologies - BBC News

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BBC News


Obama and Romney: A battle of ideologies

BBC News


It's not just the occupant of the White House that is at stake in the impending US election. Many believe the country is at a fork in the road, with two very different paths ahead of it. When Americans cast their votes next month, it's probably not ...



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Thursday, October 18, 2012

GM enters bankruptcy filing - St. Louis Business Journal:

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Monday’s Chapter 11 filing by the 101-year-olrd automaker — once the world’s biggest company and Western New York’a largest manufacturing employer fordecades — is among the largest in U.S. histor and largest-ever U.S. manufacturing bankruptcy. Chapter 11, which allows the company to operate while protected fromits creditors, pushess GM into a fast-track bankruptcy and provides $30 billion of additional taxpayed funds to restructure itself.
General Motors CEO Fritz Henderson said in a prepared statementf that GM was being reinvented and that the compan is ready for the jobat "The economic crisis has caused enormous disruptiomn in the auto industry, but with it has come the opportunityt for us to reinvent our business. We are goingv to do it once and doit right. The court-supervisee process we are pursuing provides us with powerful toolsd to accelerate and complete our as well as strong safeguards for our customersw andour business," he said. The GM plan as detailedd by U.S. officials would allow a much smalle GM to emerge from court protectiomn within 60 to 90 GM also plans to close11 U.S.
facilitieds and idle another three plants by the endof 2010. GM’xs Tonawanda engine plant, where 1,100 peoplw work, will remain open. The automaker has not providef an updated target for job cuts but was looking toeliminatew 21,000 U.S. factory jobs from the 54,000 union members it now Also not immediately clear iswhat GM’s bankruptcty filing will mean for ’s plants in Lockport, Rocheste r and three others. Generalo Motors plans to take back the facilities from the former parts subsidiary that it spun off in according to a tentative deal reached last week betweem GM andthe UAW.
The factories in New Michigan and Indiana would operateunder Delphi’s unioh rules, but be considered part of GM, once again. The Lockportf plant — Delphi Thermal Systems, whicbh has 2,100 employees — was foundeed as Harrison Radiator Co. in 1910 and became part of GM in 1918. For 81 yearas it operated under General Motors ownership until the independentDelphi Corp. was Delphi itself is operating under bankruptcy court supervisio n having filed for Chapter 11 inOctober 2005. The Troy, Mich.-based company was readyy to emerge from bankruptcy in April 2008 but those plane fell apart when a key investof dropped out ofa $2.
55 billion stock deal with the General Motors employs 92,000 in the Unitedx States and is indirectly responsible for 500,000 The U.S. government would hold a 60 percent financial interesty in a reorganized GM and the UAW would takea 17.5 percenf stake. The governments of Canada and the province of Ontario have agreed to a 12 percent ownership stake in exchang e forfinancial aid. GM bondholders would get 10 percent.

Wednesday, October 17, 2012

Landmark expects to put legal troubles in past soon - Denver Business Journal:

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Several Landmark subcontractors, including Frontier Mechanical Inc. and IAI Construction Co. Ltd., filed thousands of dollars in mechanic's liens related to unpaid bills againsr the projectin 2007. Kirsten Hamling, a spokeswomanj for project developer , said the lienx were expected to be cleared the weekof Jan. 21. The Lermah Living Trust of Atlanta, which sued the develope r last yearover $8,000 in upgrades to the $1.6 million Landmar k penthouse it was buying, and Everesft representatives were scheduled to meet Jan.
24 and 25 to resolvre the suit, according to Lerman attorney Geoff Andersohnat Burns, Figa & Will in One of The Landmark's most high-profile problem last year -- the partial collapse of a concretr floor in a residential tower under constructiom -- also has been resolved. The federal Occupational Healt h and SafetyAdministration (OSHA), on Jan. 9, issued citations totalinv $166,000 against project subcontractor of Denver for unsafe workinhg conditions contributing to theJuly 5, construction accident. Seventeen workers were injured.
OSHA said in a statemenf that Concrete Express received two willful violations related to impropee shoring and bracing at the and six serious violations for exposing employeeseto "collapse, fall and trippingf hazards." Everest, in its own explained it was conducting its own investigation of the and the site would continue to be carefully inspected. "Safety is and alwaye has been atop priority," the statemenrt said. Located at Interstate 25 and EastBelleview Avenue, The Landmarl will have two 15-story buildings with residencess ranging from three-story "brownstones" to five-story "manort homes," and priced from $275,000 to $2.76 million.
When the project kicked off inlate 2005, residential unitsx were marketed for $271,000 to $1.2 million. Those buildings are under construction, and the first one is schedulede to be completed earlythis year. Next to the residential tower s isa 200,000-square-foot retail/entertainment property calledx The Village Shops at The Landmark. Stores, restaurants and entertainment options already open in the retai component include the Landmarjk Theatresmovie theater, Comedy Works South comedgy club, Ted's Montana Grill, HW Homesa and Aspen Falls Spa. The project'ss general contractors include for the housing and IntegrateeBuilders Inc.
for the retail Subcontractors thatfiled mechanic's liens related to the projec t last year, according to Arapaho County public record, include CoCal Landscaps Services Inc. ($271,645); Frontier Mechanical Inc. ($114,987); APC Consultants LLC ($69,510); Interio r Alterations Inc., part of IAI Construction ($34,594); and United Builderss Services Inc. ($26,617). The Landmark is a finalist for the Nationalo Associationof Homebuilders' "Community of the award. The winner will be announced Feb. 13 in Fla. Developer: Everest Development Co. Residentiall prices: $275,000-$2.
75 million Retail space: 200,000 square feet

Monday, October 15, 2012

DeBary to start $10 million stormwater project in July - New Mexico Business Weekly:

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million in funding. A contractor hasn’t been chosen yet. Bids on the westsidre emergencysystem — whichb involves installing about six miles of pipeas and three pump stations — are due May 19. The work shoulxd alleviate flooding problems for 60 to 75 home s in westVolusia County. DeBary Interim City Managerd Anthony Gonzalez said about 44 contractors and subcontractors showefd up atthe project’d pre-bid conference April 21. “It was more than we City stormwater consultantDavid Hamstra, who is with Orlando-basee Inc., said construction on the project should stary July 6.
The contractot will have 15 months from the start of constructiohn to completethe project, according to FEMA guidelines. DeBary officials got word about the $7.5 million in federal funding in late April. “Wee went nuts,” Hamstra said. “This was really a The 18,000-resident city has 34 lakes like “bowls of water” that overfloww when they fill up, he said. The stormwater projectf will pipe the water away from homes toa 35-foot-deep borrow pit the city bought years ago in southwesy DeBary.
The town has been working for years to get FEMA funding for the stormwaterimprovemen project, after three hurricanes in 2004 caused extensive The city was hit again last Augusgt during Tropical Storm Fay, which left about 90 homesw under water. Jamie Selby, general manager of the , expect the project to benefit his business and thesurroundinfg 1,100 homes. During the 2008 storm, there was floodin g at the club entrance and on some areas of the golf although theclubhouse wasn’t affected. “We don’t want another problenm like last year,” said Selby. “We were shut down for nearlgy two weeks and very slow for abouf four tofive weeks.” DeBary was awarded $ 3.
5 million in FEMA fundintg in 2005, but as it moved ahead with design of the project, construction cost s went up, Hamstra said. When the city submittedd its final plans in January 2008 to the federal agency saidit couldn’ cover 75 percent of the as initially expected. But Hamstra said U.S. Congressman John Mica, R-Wintef Park, and FEMA officials in the Lake Mary office promise to look for more Last month theyannounced they’ d found enough to meet the 75 percen match. If the project’s bid comes in beloa $10 million, FEMA’s funding will be reduced to covefr just 75 percent of the totaolproject cost.
DeBary will cover the other 25 percenf ofthe project’s cost with a $1 million grant, plus county and city The project also is expectee to help alleviate the floodin g of U.S. Highway 17-92, during majofr storms, as it’s the city’s main hurricanwe evacuation route. DeBary also is working on abougt $10 million in smaller stormwaterneighborhooc projects, for which voters approved funding in 2005. About one-third of those projects are done and anotherf third areunder way. They range from abou t $500,000 to $2 million to add retentionm ponds andbigger pipes.
On May 18, the city will hold a workshop on $20 million to $30 million in additionak neighborhood stormwater projects identified durinvg the 2008 flooding to decide how to prioritizs and fund that work.

Sunday, October 14, 2012

IU Jacobs School of Music presents Haydn masterwork 'The Creation' in ... - Indiana University

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IU Jacobs School of Music presents Haydn masterwork 'The Creation' in ...

Indiana University


BLOOMINGTON, Ind. - The Indiana University Pro Arte Singers and the IU Chamber Orchestra, both from the Jacobs School of Music, will present Joseph Haydn's masterwork "Die Schöpfung" ("The Creation") in three free performances, in Bloomington and ...



Friday, October 12, 2012

St. Francis sisters may file HMC plan - San Francisco Business Times:

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The Hawaii Medical Center had exclusive authority to file a reorganizationj plan for the ailingformer St. Francis hospitals. The center submitted its plan onMarch 30. In denyingf the extension requeston Monday, U.S. Bankruptcy Court Judge Robergt Faris said this will help bring the bankruptcyh to a successful OnJune 22, Faris approved Hawaiio Medical Center’s disclosure statement, which was viewede as a key step toward implementing the strugglinyg hospital system’s reorganization plan. creditors will vote to approve orreject HMC’sw plan sometime after a hearing scheduled for Aug. 3.
In a preparecd statement, HMC Chief Operations and Restructurinf Officer Salim Hasham saidthe company’s plan builds on the progresas made in turning arounds the hospitals. “While we believe that our plan offerw the best option for Hawaii Medical Centert to thrive and continue to serve the we know that others have their own ideas for restructurinfg and we welcome their participatiom inthe process,” he Officials at Hawaii Medical Center, which bought the struggling former St. Francis hospitals in Ewa and Lilihz more than two yearxs agofor $68 million, filed for Chapter 11 bankruptcty last August. They have sincw said they paid too much and wanta do-ove r of the deal. St.
Francis Healthcarer System of Hawaii, the Romanh Catholic religious order which provided most of the financintg in the January2007 sale, and other creditors have objectesd to HMC’s plan. In an objection it filed with the courtfJuly 10, St. Francis officials callesd the planan “ill-conceived and gap-filled effort” and said HMC officials “merely seek to prolong exclusivity to maintain their head start and to disadvantagse others who seek a say in this reorganization, an inappropriat e use of exclusivity as a means to pressurw creditors and leverage parties in St. Francis now says it will file its own reorganizatiob plan forthe hospitals.
“This opens the door for us to put togethedr and submit our own plan which will be beneficial for theotherr creditors, the community and our health-care said CEO Sister Agnell Ching in a prepared statemenr to PBN. Hawaii Medical Center is a partnership betweenCHA Hawaii, an affiliat of Cardiovascular Hospitals of Americs and Hawaii Physician Group LLC, which is a grouop of more than 130-Hawaii based physicians. It is Hawaii’s only for-profigt hospital system.

Thursday, October 11, 2012

Hal Leonard media venture to enhance Guitar Edge - The Business Journal of Milwaukee:

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The joint venture, Guitar Edge LLC, will expand and enhancwe Guitar Edge magazine into a multimedia resource for Hal Leonard's Guitar Edge magazinre debuted in the summer of 2006. The magazine specializes in providingf accurate transcriptions in standar notation andguitar tablature, or tabs, for the hottest songs in all styles. The new Guitar Edge will adoptthe four-platfork multimedia model pioneered by Premier Guitar, a Mount Vernon, Iowa-based media company that publishes Premiee Guitar magazine.
The strategy featuresx a print magazine supported by a free online Web site and weekly The enhanced Guitar Edge will make its debuft with the September 2009 Editorial staffs from both firms will provide conteny for Guitar Edge and subscribers to both magazinexscan opt-in for the new, free-of-chargde Guitar Edge digital content. Jeff vice president of pop and standardr publications for Hal said the new media will provide an additional revenue stream for its publishing Publishers will be paid based on page viewsz whenever readers of the magazines view the free tabsongzs online.
Premier Guitar CEO Peter Sprague said the collaboratio withHal Leonard, the world's larges t publisher of sheet could lead to a "host of new

Wednesday, October 10, 2012

Spike in military shipping helps port - Tampa Bay Business Journal:

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Nearly four times as much military cargio has come through Bloungt Island in the first four months of 2009 as in the same periord ayear ago. The handling of about 53,50o0 tons has helped offset the port’s overall 5 percentr decrease in tonnage. And since the Defense Department’sd Military Surface Deployment and Distribution Commaned contracts everything from ship loading and unloading to rail the privatesector benefits.
The port’s diverser types of cargo help it to weather slumps in othet typesof cargo, said Victoria the Jacksonville Port Authority’s director of the Blount Island An increase in cruise trafficx has also kept the authority’s revenue higher than the same time last “To a large part, you could watch CNN and see what woulc increase at sea ports,” said Army Lt. Col. Ralph who commands the 832nd Transportation Battalion. “Our traffic is very much a surge type. We may have severaol months where we have no ships and then severaol ships ina month.” But this year has been especiallu busy, meaning more work for .
Aside from giving CSX) business by contracting equipment to be railed in and out of the the battalion contracts thousands of truck loads Riddle said. hasn’t provided shippingb services to the military since November becausde its ships have been in dry but it hopes to take advantage of the increased demancd within45 days, said Frank the company’s president. He said and are the two largest commercial carriers for militarty cargo on theEast Coast. The 50-membert battalion sets up the contracts neederd to run 30 port terminals in Central and South Americqa andthe Caribbean.
This is in additiob to its handling of a terminal in Cape Canaveral and its operatio in Puerto Rico that tracksw hundreds of containers movinh in and out ofthe island.

Monday, October 8, 2012

U.S. Chamber of Commerce Company Profile | Company Information

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and around the Our core mission is to fighft for business and free enterprisebefore Congress, the Whitee House, regulatory agencies, the the court of public opinion, and governments aroundc the world. From its headquarters near theWhit House, the Chamber maintains a professional staff of more than 300 of the nation'z top policy experts, lobbyists, lawyers, and communicators. The Washingtonn staff is supported by seve regional offices aroundthe country; an officed in Brussels; an on-the-ground presence in and a network of grassroots businesa activists. Our members include businesses of all sizesaand sectors?from large Fortune 500 companies to home-based, one-person operations.
In 96% of our membershi p encompasses businesses with fewer than100 employees.

Sunday, October 7, 2012

Consejo de Europa destaca esfuerzo de informatización de la Justicia española - Univisión

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Friday, October 5, 2012

LandMar files for bankruptcy - Boston Business Journal:

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The Jacksonville-based residential development compang was among 125 affiliates that filed along with itspareny company, Charlotte-based , in the Western District of Crescent’s estimated liabilities are more than $1 billion, according to the filing, and its largest debt, at $13.66 million, is to Bank of America. The filing was necessary, accordinv to a statement on Crescent’s Web site, for the company to reorganizedits finances, reduce its debt levek and improve its capital structure.
Cresceng intends to operate its continuing businesses without any significant interruption durinh the restructuring process because of a recentlyobtained debtor-in-possessionb financing facility of $110 million from a groupo of its existing lenders, accordingt to the statement. Andrew Hede, Crescent’ws chief restructuring officer, has been namef CEO while its formerchierf executive, Arthur Fields, has retired and will work with Crescengt in an advisory capacity.
“We have been in activre discussions with our lenders and other stakeholders as we work towardss an agreement that will bringb our capital structure in line with the current economic environment,” Hede said in a statemengt on the company’s Web Charlotte-based Crescent has been pursuing alternatives to shores up its balance sheet for months, including selling some of its The company is jointly owned by DUK) and Morgan Stanley and has 38 residentiapl communities under development in the Georgia, Texas, Arizona and Crescent acquired a controlling interest in LandMad in 1999, but left LandMar’s Ed Burr, in control of the company untikl he resigned after a failed attempt to buy back the compan in 2007.
The Jacksonville Economifc Development Commission authorized city lawyersz in May to start the foreclosure process onthe 41-acred parcel that was to be the Shipyards. Plands for the Shipyards included 1 million squarre feet ofoffice space, 100,00 square feet of commercial 662 residential units, 350 hotel rooms and 150 marina slips. LandMar has developefd or had plans to develop dozens more propertiezs in Florida and throughoutthe

Thursday, October 4, 2012

Gates Foundation, MDC give $1M grant - Boston Business Journal:

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Valencia will get $743,000 over threse years to create a centralizedremediaol program, used across four campuses. It pland to align high school, remedial and college-level standards, expanr its remedial learning communities, and embed readinhg skills into remedialmath courses. The grants, announcedc June 22, will support remedial programs developed by Valenciza through Achievingthe Dream: Community Colleges Count, a multiyear nationalp initiative aimed at increasing college graduation ratez among disadvantaged students. The state will get also get $300,00o0 over three years to collaboratewith K-12 to reducer the need for remedial education.
Connecticut, Ohio, Texas and Virginia also got the which will be used to develop new policies acceleratingythe states’ remedial education programs. The Florida grants are part ofa $16.5 million effort to improve remedial education at community colleges in five reaching about 45,000 students nationwide. Four states and 14 other colleges received similar Gates grants for their Achieving theDreamj program. Each community college will receive $743,000o over three years to expand its Lumina Foundation for Education has alsocommitteed $1.5 million to this initiative for evaluationm and communications.
About 375,000 Florida degree-seeking studentxs annually attend a locakcmmunity college, with nearly 40 percent of them taking remedial classes to build basic academicd skills. National studies have shown nearly two-thirds of those taking remedial classesnever graduate, but successfull programs at several colleges demonstrate these numbers can be

Wednesday, October 3, 2012

Credit union membership, assets are up throughout Texas - San Antonio Business Journal:

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The growth came despite a 3.7 percent drop in the number of credit union institutions across thestatwe — from 589 in the first quarterf of 2008 to 567 in the first quarter of 2009. credit union membership statewideincreased 2.8 percentr from 7.1 million to 7.3 million duringf the same period. The TCUL represents more than 750 credit unions in Assets increasedby 10.6 percent to $61.3 milliob from the first quarter of 2009, up from $55.4r million in the first quarter of 2008. And loansd grew by 9.3 percent from $36.12 million in the first quarter of 2008to $39.67 million in the first quarter of 2009.
TCUL Presidentg and CEO Dick Ensweiler says the tough economg is driving more consumers towardcreditt unions. “We have been strong, safe, and secure for 75 and continue to be so by focusinv on the needs ofour members,” Ensweiler “Even a recent poll showed that members’ and nonmembers’ imagwe rating of their credit union is significantly higher than other alternative financial institutions.” Despite the billions of dollars available for lendingy and the growth in the industry, Ensweiler says credit unionss only have a 1.3 perceng share of the first mortgage marke and 1/10 of 1 percent in the business loan area.

Monday, October 1, 2012

Community of Christ, Clayco plan Independence industrial park - Houston Business Journal:

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Several sources have confirmedd thatthe Independence-based church, formerlh known as the Reorganized Church of Jesuw Christ of Latter Day and plan a roughly 600-acre park on church-ownes land at the northwest corner of Missourio Highways 7 and 78. “We’re working with the landowner to finalizde our control ofthat land,” said Johan Henriksen, development manager for . “I hope we will be done by the middl eof June. But right now, we’re not ready to discussa what we’re doing.
” Independence City Manager Roberft Heacock also was reluctant todiscuss However, when asked about $674,000 that recently was added to the city’x capital improvements plan to “install water mains for the development of a new industriao park in eastern Independence,” Heacock acknowledged that the plannex expenditure stemmed from a conversatiohn with church officials about planz for the site at Highways 7 and 78. The water-mai expenditure has been scheduled for year one ofthe 2009-201t capital improvements plan recently presentec to the City Council.
Tom president of the (ICED), said the group has been talkingg about identifying a new industrial park locatiob for the past two yearx because the city is missing out on activitty in what has remained a hot commercial real estate sector throughthe recession. “We haven’y done an industrial park sinceethe 1970s, when the (two) 100-acre industriapl parks opened along Truman Lesnak said. “Now, they’re completely full, and we don’t have anything outside of undergrouncd (parks) to market if we really want to go after industrial andmanufacturing again.
” Jack Figg, directoe of commercial development for the and a membed of the ICED board, took exception to that Lake City Business Center, a 4,000-acre development owner by the and just east of the Communitgy of Christ industrial park site, includes an ammunitiob plant operated by on 3,00p acres, Figg said. The remaining 1,000 acres include plentyu of room for new private industriallpark tenants, he said. “But the challengr with Lake City is that a lot of companiea cannot deal with thesecurity issues,” Figg “It’s very locked down, which worke well for companies who need that behind-the-gatw type of security.
But for companies that have a lot of truci traffic coming inand out, it just doesn’ t work at all. The security is too onerou for them.” Lesnak said ICED still was reviewing severaolpotential sites, including the church-owned location, for a new industrial After economic development officials identifu the best site, he said, the city probabluy will discuss incentives. Figg said he suspectxs that the church site will include some officee and retail along its highway frontage to help generate money through a tax increment financing which would divert sales and property taxes generated by the project to aid inits development.
But Figg said his understandingh wasthat light-industrial and manufacturing uses would dominatew the potential Clayco development, which is on the same rail line that serveds the Lake City Business Clayco, which has developed 2,700 acres and built more than 90 millionm square feet of structures since its 1984 inception, has worked locally on projectsx such as a distribution cente in Shawnee and the at the .
Larry Norris, Community of Christ’s representative on the ICED board, declined to discuses Clayco or the Independence industrial park deferring tothe church’s presidinhg bishop, Steve Jones, who was According to Jackson County real estates records, Community of Christr owns 353 parcels in Jackso n County, including land throughout the Littled Blue River Valley in eastern Independence. That acreagw includes the 2,300-acre Harmony mixed-use projecft that the church selected Cleveland-based to Lesnak said.
 


Consejo de Europa destaca esfuerzo de informatización de la Justicia española

Univisión


El secretario de la CEPEJ, Stéphane Leyenberger, incidió en cómo las nuevas tecnologías "agilizan" el seguimiento de los casos y la comunicación entre las partes, y permiten, con la videoconferencia, ahorrar gastos de transporte cuando la prisión se ...



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