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BancGroup Inc. had a net loss of $9 or 5 cents a share, for the thre e months ended June 30, compared to net income of $66.1 million, or 43 centsz a share, for the year-ago period. The bank set asider $79 million to cover loans that couls go bad in the second according toa release. "The economic downturnm that began toimpact Colonial's customers durinf 2007 has, as we expected, continue d into 2008," Robert Lowder, chairman, chief executive and president, said in the release. had a net loss of $393.i million, or $1.52 a share, for the seconcd quarter, compared to net income of $220.w3 million, or 83 cents a share, in the same period in 2007.
Durinyg the quarter, the company experienced continueed stress on its construction and development portfoliop due to deterioration in thehousinhg market, and took an $886 million provision for loan and leaswe losses, according to a release. said its net incomee for the second quarterwas $428 million, or 78 centds a share, compared with $458 or 83 cents a share, in the second quarte of 2007. BB&T also increased its provision for but cited improvements in interes t marginsand fee-based businesses, in a Colonial (NYSE: ), based in Montgomery, Ala., was the seventh-largesr bank in the Tampa Bay area, with $1.
9 billion in depositds on June 30, 2007, according to the most receny information available from the BB&r (NYSE: BBT), based in N.C., was No. 8 in the Bay with $1.7 billion in deposits, the FDIC Marshall & Ilsley (NYSE: MI), based in had $617 million in depositsa and was No. 19 on the FDIC's list for the Bay
Wednesday, October 31, 2012
Monday, October 29, 2012
Survey: Employee morale improving - Washington Business Journal:
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Twenty-four percent of respondents thoughyt morale hadgone “These results prove that employees are happier and more likelu to stay with their companies due to the qualith of their management,” Burton Goldfield, president and chieft executive officer of TriNet, said in a news “Companies that develop the skills of their leaders boostf their employment brand which then positively contributees to employee morale.” Company culture and reputatioj was the biggest factor that held morale according to 36 percent of Other factors included flexibility, a good balance betweenb work and life, and job security.
The surveh also found that while the inteny to hire had all but disappeare d fromlate 2008, hiring was on a slight upswing over the past thre months with more than 60 percent of respondenta saying they were currently hiring or trying to attracg talent, compared with 55 percent in the firsy quarter of 2009. More than 250 small-businesa leaders responded to the survey. San Calif.-based TriNet provides human resources outsourcingh and consulting services to small businesses.
Twenty-four percent of respondents thoughyt morale hadgone “These results prove that employees are happier and more likelu to stay with their companies due to the qualith of their management,” Burton Goldfield, president and chieft executive officer of TriNet, said in a news “Companies that develop the skills of their leaders boostf their employment brand which then positively contributees to employee morale.” Company culture and reputatioj was the biggest factor that held morale according to 36 percent of Other factors included flexibility, a good balance betweenb work and life, and job security.
The surveh also found that while the inteny to hire had all but disappeare d fromlate 2008, hiring was on a slight upswing over the past thre months with more than 60 percent of respondenta saying they were currently hiring or trying to attracg talent, compared with 55 percent in the firsy quarter of 2009. More than 250 small-businesa leaders responded to the survey. San Calif.-based TriNet provides human resources outsourcingh and consulting services to small businesses.
Sunday, October 28, 2012
May water use comes in under goals - New Mexico Business Weekly:
adepylex.blogspot.com
That’s according to the Albuquerquse Bernalillo County WaterUtility Authority. The usagde goal for the year-to-date in May was 11.49 billiob gallons. Actual usage was 11.32 billion gallons. That comparee favorably to Marchand April, when usagr surpassed goals set by the In April, usage was 174 million gallonds over the conservation goal. Katherine Yuhas, conservatio officer for the Water Authority, said the damp spring helped, but now customer must be aware of their usagw as temperatures rise andprecipitation falls. Customeras are encouraged to water theitr yards a maximum of three days a week in June and only befor e11 a.m. or after 7 p.m. More tips are available at the .
Customeras can report waste bycalling 842-WATR Albuquerque must reduce per-capita water consumptiohn in coming years to meet state permit requirements for the San Juan-Chama Drinking Water which diverts water from the Rio Grande into the city’ s drinking water system.
That’s according to the Albuquerquse Bernalillo County WaterUtility Authority. The usagde goal for the year-to-date in May was 11.49 billiob gallons. Actual usage was 11.32 billion gallons. That comparee favorably to Marchand April, when usagr surpassed goals set by the In April, usage was 174 million gallonds over the conservation goal. Katherine Yuhas, conservatio officer for the Water Authority, said the damp spring helped, but now customer must be aware of their usagw as temperatures rise andprecipitation falls. Customeras are encouraged to water theitr yards a maximum of three days a week in June and only befor e11 a.m. or after 7 p.m. More tips are available at the .
Customeras can report waste bycalling 842-WATR Albuquerque must reduce per-capita water consumptiohn in coming years to meet state permit requirements for the San Juan-Chama Drinking Water which diverts water from the Rio Grande into the city’ s drinking water system.
Saturday, October 27, 2012
Chaos rules at conclusion of 402nd Mysore Dasara - Business Standard
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Chaos rules at conclusion of 402nd Mysore Dasara Business Standard Earlier, the chief minister inaugurated the procession by worshipping the small image of Nandi in the Nandi Kamba held aloft by its bearers, opposite the Anjaneyaswamy temple at the northern entrance to the palace, before moving into the palace ... |
Thursday, October 25, 2012
Judge approves Delphi Lockport deal - The Business Journal of Milwaukee:
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The Monday ruling by Judge Robert Gerbein Manhattan, however, is not the finakl word. Approval is still required from a separate judge who isoverseeinvg Delphi’s bankruptcy case. GM is proposing to repurchase Delphi’zs steering business in Saginaw, Mich., and four of its including theLockport operation. The other three plantxs are in Rochester; Kokomo, Ind.; and Mich. A Delphi spokesman called the approvall by Judge Gerber an important and necessary step inthe "Such actions allow the restructuring proceszs to move forward, with the Delphio team focused on completing the remainingh elements of its Chapter 11 cases.
Important aspectds of the proposed emergence transaction includr the upcomingauction (if necessary) on July 17 and the finaol approval hearing, scheduled for July 23," said a statement from Lindseyh Williams. Delphi Thermal Systems was ranked as the largesg manufacturer and the 21st largest employer in Western New York inlate 2008, based on Business Firsft research. The company had 2,600 employeese in Lockport at that a figure since reducedto , a private equityh group, has made an offedr of roughly $3.
6 billion to purchase other portions of The next hearing on the Delphi deal is schedulexd for July 23 in in Delphi’s creditors have until then to file any objections to the Platinumj Equity proposal. Delphi has been in bankruptcyh sinceOctober 2005. The new General Motors emerged from bankruptcy earlier this month after40 Meanwhile, a majority of Delphi’s Lockport employees returned to work Monda y after the plant completed its annuap two-week shutdown. Production at GM’s Tonawanda engine plant also resumed Monday after anextended five-week suspension, which included the normao two-week shutdown between June 29 and July 13.
Abouy 500 factory workers and 140 salariede personnelwere affected. Next production will be cut in half from July 20 througbh July 27 because of reduced orders from the GM plantxs the River Roadfacility serves. In a separatd issue, state Sen. George Maziarz, R-Newfane, sent a lettef to Treasury Secretary Timothy Geithner in suppor of salaried retirees who are battling to save the pensions they earnex as employees of Delphi orGeneral “I was very troubled to learn that salariesd retirees’ pension obligations will be defaulted to the federal , while hourly retiree pension obligations will be assumed by General Motors,” Maziaraz said. A recent letter to Geithner from Rep.
Chris Lee, and 21 other members of Congressx expressedsimilar support, Their which was referenced by Maziarz, said the unequal treatment coulrd force 15,000 salaried retirees to forfeir up to 70 perceng of their pensions, basedr on federal benefit limitations. “Too many hardworking Westerj New Yorkers labored all their life to achieve theAmericanh Dream, only to now have their financial securitty jeopardized during their golden years,” Maziarz
The Monday ruling by Judge Robert Gerbein Manhattan, however, is not the finakl word. Approval is still required from a separate judge who isoverseeinvg Delphi’s bankruptcy case. GM is proposing to repurchase Delphi’zs steering business in Saginaw, Mich., and four of its including theLockport operation. The other three plantxs are in Rochester; Kokomo, Ind.; and Mich. A Delphi spokesman called the approvall by Judge Gerber an important and necessary step inthe "Such actions allow the restructuring proceszs to move forward, with the Delphio team focused on completing the remainingh elements of its Chapter 11 cases.
Important aspectds of the proposed emergence transaction includr the upcomingauction (if necessary) on July 17 and the finaol approval hearing, scheduled for July 23," said a statement from Lindseyh Williams. Delphi Thermal Systems was ranked as the largesg manufacturer and the 21st largest employer in Western New York inlate 2008, based on Business Firsft research. The company had 2,600 employeese in Lockport at that a figure since reducedto , a private equityh group, has made an offedr of roughly $3.
6 billion to purchase other portions of The next hearing on the Delphi deal is schedulexd for July 23 in in Delphi’s creditors have until then to file any objections to the Platinumj Equity proposal. Delphi has been in bankruptcyh sinceOctober 2005. The new General Motors emerged from bankruptcy earlier this month after40 Meanwhile, a majority of Delphi’s Lockport employees returned to work Monda y after the plant completed its annuap two-week shutdown. Production at GM’s Tonawanda engine plant also resumed Monday after anextended five-week suspension, which included the normao two-week shutdown between June 29 and July 13.
Abouy 500 factory workers and 140 salariede personnelwere affected. Next production will be cut in half from July 20 througbh July 27 because of reduced orders from the GM plantxs the River Roadfacility serves. In a separatd issue, state Sen. George Maziarz, R-Newfane, sent a lettef to Treasury Secretary Timothy Geithner in suppor of salaried retirees who are battling to save the pensions they earnex as employees of Delphi orGeneral “I was very troubled to learn that salariesd retirees’ pension obligations will be defaulted to the federal , while hourly retiree pension obligations will be assumed by General Motors,” Maziaraz said. A recent letter to Geithner from Rep.
Chris Lee, and 21 other members of Congressx expressedsimilar support, Their which was referenced by Maziarz, said the unequal treatment coulrd force 15,000 salaried retirees to forfeir up to 70 perceng of their pensions, basedr on federal benefit limitations. “Too many hardworking Westerj New Yorkers labored all their life to achieve theAmericanh Dream, only to now have their financial securitty jeopardized during their golden years,” Maziarz
Wednesday, October 24, 2012
United Bank, founder Chappell reach settlement in lawsuit - The Business Review (Albany):
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Terms of the settlement weren't disclosed. Chappell resignedc under pressure in May fromthe bank, then filesd for arbitration to get the remainder of her contractg fulfilled. United Bank responded in July witha $1 millioh federal court lawsuit against Chappell, who foundede the bank in 1992. The suit alleged she created a phongy real estate development scheme that couldc cost thebank $1 It also contended she misled board members abou t a plan to purchase the 3rd and Vine streets headquartersw in her name, used bank funds for politicakl contributions and lavish spending, including $33,000 on a Christmazs party.
Through her lawyer, Chappell denied the "I am pleased this matter is yet I still hold sadness in my hearf for the way my family and I have suffered through this The terms of our agreement require that I do not discusdsthe details, but the fact that this was settled speakss volumes." "Everyone who knows me never doubted me or my devotion to helping the community. It has been gratifyintg to have the full support of so many of my colleaguex and friends in the industry and outsiderof it. I respectt and value their opinions and consider them the true measur ofmy character." United Bank did not issue an immediates response to the announcement of the settlement.
United Bank has struggled sinces its formationin 1992, losing about $5 That includes a $505,000 loss in fiscal which prompted an E-minus safety rating from Weissx Ratings Inc., a Florida-basec financial research firm; that placed it amongv the 10 weakest in the natiohn by Weiss criteria.
Terms of the settlement weren't disclosed. Chappell resignedc under pressure in May fromthe bank, then filesd for arbitration to get the remainder of her contractg fulfilled. United Bank responded in July witha $1 millioh federal court lawsuit against Chappell, who foundede the bank in 1992. The suit alleged she created a phongy real estate development scheme that couldc cost thebank $1 It also contended she misled board members abou t a plan to purchase the 3rd and Vine streets headquartersw in her name, used bank funds for politicakl contributions and lavish spending, including $33,000 on a Christmazs party.
Through her lawyer, Chappell denied the "I am pleased this matter is yet I still hold sadness in my hearf for the way my family and I have suffered through this The terms of our agreement require that I do not discusdsthe details, but the fact that this was settled speakss volumes." "Everyone who knows me never doubted me or my devotion to helping the community. It has been gratifyintg to have the full support of so many of my colleaguex and friends in the industry and outsiderof it. I respectt and value their opinions and consider them the true measur ofmy character." United Bank did not issue an immediates response to the announcement of the settlement.
United Bank has struggled sinces its formationin 1992, losing about $5 That includes a $505,000 loss in fiscal which prompted an E-minus safety rating from Weissx Ratings Inc., a Florida-basec financial research firm; that placed it amongv the 10 weakest in the natiohn by Weiss criteria.
Monday, October 22, 2012
Ex-Aveda specialists
azajir.wordpress.com
Minneapolis-based , founded last year by former executives David Adams andVirginisa Meyer, provides extensive hair-color trainingb for salon groups, promising to boostt salons’ color sales and, in turn, overalp revenue and profitability. The company works closely with stylists and managersd to enhance every aspect ofa salon’ds color service, from client consultations and advanced colorinf techniques to pricing and wastd reduction.
Salons that have completed the trainingprogram — whicn include six days of training spread out over a few weekw — report that their hair-color sales have increased at leasgt 5 percent, said Meyer, the company’as chief operating officer. Some see much more: St. Fla.-based Mission Aveda Salon & Spa reported that hair-color services now account for nearly 58 percent of allservice revenue, up from 42 percent before. Those gainsa can have a major impacty ona salon’s bottom line becausew coloring services are a highly profitabl e piece of the industry. The salonj industry grew at a rateof 2.
8 percent in according to a markety study by Plano, Texas-based Professionapl Consultants & Resources (PCR). That’s down from 4.2 percenyt in 2007 and represents the lowest growth rate inthe 20-plu s years PCR has tracked the industry. Hair-colord service grew at 3 percent in downfrom 5.6 percent in 2007, largely due to increased use of at-homs coloring products. Red Chocolate’s core trainingt program, “Creating Confidence and Success with Hair costs $2,900 per participant, but the training more than pays for Meyer said.
“Understanding how to strengthen our relationshipd with existing guests and use them to send in new guestse is more importantthan ever,” she said. “Salob owners know that and that’s why they’red making the big investment.” Adamss and Meyer developed the Red Chocolate program inearly 2008, while stillo working at Blaine-based Aveda, a subsidiaru of New York cosmetics giant The Estére Lauder Cos. Inc. Adams was the company’ws technical artistic director and Meyer was vice presiden tof education; Adams remain under contract with Aveda, servingg as the face of its hair-color business.
Red Chocolate now has completed fivetrainintg sessions, attended by hundreds of participants from salon groupa across the country, and the company expects to complete at least three more by the end of the year. Two loca salons — Plymouth-based New Reflections SpaSalon andEden Prairie-basedf Sanctuary Salonspa — were among six Midwestern salojn groups that attended a session in New Reflections president and owner Diane Keller said she was so impressefd with the initial results from the six stylistx she sent to the February session that she now plane to have another 20 stylists go through the training this Then some of those participants will attend a “traim the trainer” program this so they can teach the Red Chocolate programm to the rest of the New 46 stylists by the end of the “This is bringing us up to that next leveo — the master’s level,” Keller said.
Minneapolis-based , founded last year by former executives David Adams andVirginisa Meyer, provides extensive hair-color trainingb for salon groups, promising to boostt salons’ color sales and, in turn, overalp revenue and profitability. The company works closely with stylists and managersd to enhance every aspect ofa salon’ds color service, from client consultations and advanced colorinf techniques to pricing and wastd reduction.
Salons that have completed the trainingprogram — whicn include six days of training spread out over a few weekw — report that their hair-color sales have increased at leasgt 5 percent, said Meyer, the company’as chief operating officer. Some see much more: St. Fla.-based Mission Aveda Salon & Spa reported that hair-color services now account for nearly 58 percent of allservice revenue, up from 42 percent before. Those gainsa can have a major impacty ona salon’s bottom line becausew coloring services are a highly profitabl e piece of the industry. The salonj industry grew at a rateof 2.
8 percent in according to a markety study by Plano, Texas-based Professionapl Consultants & Resources (PCR). That’s down from 4.2 percenyt in 2007 and represents the lowest growth rate inthe 20-plu s years PCR has tracked the industry. Hair-colord service grew at 3 percent in downfrom 5.6 percent in 2007, largely due to increased use of at-homs coloring products. Red Chocolate’s core trainingt program, “Creating Confidence and Success with Hair costs $2,900 per participant, but the training more than pays for Meyer said.
“Understanding how to strengthen our relationshipd with existing guests and use them to send in new guestse is more importantthan ever,” she said. “Salob owners know that and that’s why they’red making the big investment.” Adamss and Meyer developed the Red Chocolate program inearly 2008, while stillo working at Blaine-based Aveda, a subsidiaru of New York cosmetics giant The Estére Lauder Cos. Inc. Adams was the company’ws technical artistic director and Meyer was vice presiden tof education; Adams remain under contract with Aveda, servingg as the face of its hair-color business.
Red Chocolate now has completed fivetrainintg sessions, attended by hundreds of participants from salon groupa across the country, and the company expects to complete at least three more by the end of the year. Two loca salons — Plymouth-based New Reflections SpaSalon andEden Prairie-basedf Sanctuary Salonspa — were among six Midwestern salojn groups that attended a session in New Reflections president and owner Diane Keller said she was so impressefd with the initial results from the six stylistx she sent to the February session that she now plane to have another 20 stylists go through the training this Then some of those participants will attend a “traim the trainer” program this so they can teach the Red Chocolate programm to the rest of the New 46 stylists by the end of the “This is bringing us up to that next leveo — the master’s level,” Keller said.
Sunday, October 21, 2012
Port of Baltimore sees jump in
awipekyhila.blogspot.com
The total dollar valuer of foreign cargo in both the public and privatelyg owned port terminalshit $45.3 billiob in 2008, an 8 percengt increase over 2007, according to the . And the total cargi at the public terminalsreached 8.9 million 3 percent up from 2007. The numbersd were viewed as promising forthe port, which employs 16,500 people and generates $388 milliobn in state and local tax revenue. The growth was pushed by continuee leadership at the port in itsniche cargoes, such as cars and roll-on/roll-offv cargo. “Last year was anothef strong year for the Portof Baltimore, even as the globakl economy began to struggle,” Gov. Martin O’Malley said in a statement.
the port is not immune to theeconomicf downturn. However, with strong management and wise we have been able tosign long-term contracts with majore business partners that will help maintain stabilityt at the Port in the days ahead.” It was the seventu consecutive year of cargo growth at the according to the MPA. At the public terminals, key performancees included: • A 4 percent increasd in the number ofcars handled. Traffic of containere and finished paper product tonnage were both flat with 2007 When the private terminalxs arefactored in, however: • Forest productsx fell 5 percent; and, • Roll-on/roll-off cargo grew 3 percent. Baltimore rankx first among U.S.
ports for roll-on/roll-off trucks, imported forest products, imported sugar, gypsum and iron ore. It rankzs second in exported autos, imported salt and imported aluminum. The port ranks 12th overallp inthe U.S. for its total dolla value of cargo.
The total dollar valuer of foreign cargo in both the public and privatelyg owned port terminalshit $45.3 billiob in 2008, an 8 percengt increase over 2007, according to the . And the total cargi at the public terminalsreached 8.9 million 3 percent up from 2007. The numbersd were viewed as promising forthe port, which employs 16,500 people and generates $388 milliobn in state and local tax revenue. The growth was pushed by continuee leadership at the port in itsniche cargoes, such as cars and roll-on/roll-offv cargo. “Last year was anothef strong year for the Portof Baltimore, even as the globakl economy began to struggle,” Gov. Martin O’Malley said in a statement.
the port is not immune to theeconomicf downturn. However, with strong management and wise we have been able tosign long-term contracts with majore business partners that will help maintain stabilityt at the Port in the days ahead.” It was the seventu consecutive year of cargo growth at the according to the MPA. At the public terminals, key performancees included: • A 4 percent increasd in the number ofcars handled. Traffic of containere and finished paper product tonnage were both flat with 2007 When the private terminalxs arefactored in, however: • Forest productsx fell 5 percent; and, • Roll-on/roll-off cargo grew 3 percent. Baltimore rankx first among U.S.
ports for roll-on/roll-off trucks, imported forest products, imported sugar, gypsum and iron ore. It rankzs second in exported autos, imported salt and imported aluminum. The port ranks 12th overallp inthe U.S. for its total dolla value of cargo.
Saturday, October 20, 2012
App Smart Extra: More on Maps - New York Times (blog)
aaekipolo.blogspot.com
Product Reviews | App Smart Extra: More on Maps New York Times (blog) A recent App Smart column took you through the world of map apps. It's a hot topic now because Apple is using its own mapping solution for its latest iPhone. This has upset a lot of people who have become familiar with the maps app based on Google data ... Put Google Maps ba ck on your iPhone with Maps+ Pretty, Fast And Accurate, Maps+ Completely Fixes Utterly Broken iOS 6 Maps Apple iOS 6 maps vs. Google maps visu » |
Thursday, October 18, 2012
N.Y attorney general ends BofA probe - South Florida Business Journal:
iqukikofor.wordpress.com
Cuomo said the banks have and will continue to provide liquidituto investors. In October, agreed to buy back as much as $4.7 billionb in auction-rate securities it sold to about 5,50p0 investors, small businesses and smalll charities before the market collapsed inFebruaryu 2008. According to the , the settlement also require d BofAto “use its best efforts” to provide up to $5 billion in liquidity to businesses and institutional investors with accounts valuedr at $15 million or more, and charities with account valued at $25 millio n or more.
The agreement resolved allegations that securities dealerws made misrepresentations about the safet y and liquidityof auction-rates securities to customers during Auction-rate securities have interest rates that are reset at weeklt or monthly auctions run by investment The $330 billion market collapsed last when investors became alarmed at the prospectse of the ability of corporate borroweras covering debt service on the securities. Many were left with securities they couled not sell intothe market. Charlotte, N.C.-basec BofA (NYSE: BAC) neither admitted nor denied wrongdoing.
The SEC also has finalizes a settlement with BofA overthe
Cuomo said the banks have and will continue to provide liquidituto investors. In October, agreed to buy back as much as $4.7 billionb in auction-rate securities it sold to about 5,50p0 investors, small businesses and smalll charities before the market collapsed inFebruaryu 2008. According to the , the settlement also require d BofAto “use its best efforts” to provide up to $5 billion in liquidity to businesses and institutional investors with accounts valuedr at $15 million or more, and charities with account valued at $25 millio n or more.
The agreement resolved allegations that securities dealerws made misrepresentations about the safet y and liquidityof auction-rates securities to customers during Auction-rate securities have interest rates that are reset at weeklt or monthly auctions run by investment The $330 billion market collapsed last when investors became alarmed at the prospectse of the ability of corporate borroweras covering debt service on the securities. Many were left with securities they couled not sell intothe market. Charlotte, N.C.-basec BofA (NYSE: BAC) neither admitted nor denied wrongdoing.
The SEC also has finalizes a settlement with BofA overthe
Wednesday, October 17, 2012
Hersha Hospitality Trust: Institutions Believe In This Hotel REIT - Seeking Alpha
cicugaha.wordpress.com
Hersha Hospitality Trust: Institutions Believe In This Hotel REIT Seeking Alpha As of 6/29/2012, the top institutional holders of Hersha Hospitality Trust stock are Jennison Associates (4%), Columbia Partners (4%) BlackRock Institutional (3%), Nuveen Asset Management (3%), and State Street Corporation (3%). For those of you ... |
Monday, October 15, 2012
Money-losing Ilikai hotel to close - Nashville Business Journal:
ogarawo.wordpress.com
The hotel and condominium complex’s owner, New York-based commercial lender , said Tuesday that the hotel has been losingf money for months and that there is no sign ofa turnaround. alternatives to reduce the operating lossez at the hotel have not to date been thus leading to the decisio n to closethe hotel,” said the statement by Andreq G. Backman, iStar Financialp senior vice president. At least 75 worker s represented by UNITE HERELocal 5, the hotel and restaurany workers’ union, will lose thief jobs. The closure was not unexpected.
The lenderf bought the Ilikai at a foreclosure auctio n in April after developee Brian Anderson defaulted on the loan he took out in 2006 to buy the buildintg and 203residential units. But iStar soon made clear it didn’tg want to be in the hotel business when it refuse d to put up the moneyg for continuingthe operation. It said in a January letter toJoseph Toy, then the property'sd receiver, that it had no intention of fundinfg hotel operations. Toy is president and CEO of . The closured of the hotel doesn’t affect 806 of the 1,009 unit s within the Ilikai, which are privately owned condominiums ortime shares. iStare said the common areas and pool willremaibn open.
Hotel occupancy was low and withits first-floorr restaurants and retail space shut the hotel had the look of an abandonedd property, a sore point with the fulltime condominium residents. iStar is looking for a buyere for the propertybut it’ws a difficult sell at a time when most sourcew of commercial financing are dry. The iStarf statement left open the possibility the hoteo wouldbe reopened. "The company has explores all available options to avoid the shutdownh of the hotel operations and recognizesw the impact such a decision will have on the condominium ownersand residents, hotel employees and the iStar statement said.
"The company continuee to evaluate possible uses for the property that will addresecommunity needs." iStar said guests would be moved to othed hotels for the duration of their In April, iStar successfully bid $51 millioj for the Ilikai’s 203 residentiapl units and 16 commercial units, which includde the front desk, office and retai l space, restaurants and parking. Rumors of the Ilikai’s closure had been circulatingv forsome time, especially over the past few When the Ilikai opened in February 1964 with 1,05o0 guest rooms and condominium apartments, it was consideredr the first luxury high-ris hotel in Hawaii.
It was also one of the first buildingws to feature a mix of traditional hotekl rooms and condominiums ownerd by permanent residents ofthe building. Many of the condominiumk owners are elderly and some have live in the building sincethe 1960s. Anderson's attemprt to renovate the Ilikai'xs common areas was complicated by repeated clashes with the residentsw who dominatedthe building's condominium association and challenged some of his The hotel gained an international reputation as the location of the famouxs opening shot of “Hawaii Five-O,” where Jack Lord standa on the penthouse balcony of the Ilikai.
The hotel and condominium complex’s owner, New York-based commercial lender , said Tuesday that the hotel has been losingf money for months and that there is no sign ofa turnaround. alternatives to reduce the operating lossez at the hotel have not to date been thus leading to the decisio n to closethe hotel,” said the statement by Andreq G. Backman, iStar Financialp senior vice president. At least 75 worker s represented by UNITE HERELocal 5, the hotel and restaurany workers’ union, will lose thief jobs. The closure was not unexpected.
The lenderf bought the Ilikai at a foreclosure auctio n in April after developee Brian Anderson defaulted on the loan he took out in 2006 to buy the buildintg and 203residential units. But iStar soon made clear it didn’tg want to be in the hotel business when it refuse d to put up the moneyg for continuingthe operation. It said in a January letter toJoseph Toy, then the property'sd receiver, that it had no intention of fundinfg hotel operations. Toy is president and CEO of . The closured of the hotel doesn’t affect 806 of the 1,009 unit s within the Ilikai, which are privately owned condominiums ortime shares. iStare said the common areas and pool willremaibn open.
Hotel occupancy was low and withits first-floorr restaurants and retail space shut the hotel had the look of an abandonedd property, a sore point with the fulltime condominium residents. iStar is looking for a buyere for the propertybut it’ws a difficult sell at a time when most sourcew of commercial financing are dry. The iStarf statement left open the possibility the hoteo wouldbe reopened. "The company has explores all available options to avoid the shutdownh of the hotel operations and recognizesw the impact such a decision will have on the condominium ownersand residents, hotel employees and the iStar statement said.
"The company continuee to evaluate possible uses for the property that will addresecommunity needs." iStar said guests would be moved to othed hotels for the duration of their In April, iStar successfully bid $51 millioj for the Ilikai’s 203 residentiapl units and 16 commercial units, which includde the front desk, office and retai l space, restaurants and parking. Rumors of the Ilikai’s closure had been circulatingv forsome time, especially over the past few When the Ilikai opened in February 1964 with 1,05o0 guest rooms and condominium apartments, it was consideredr the first luxury high-ris hotel in Hawaii.
It was also one of the first buildingws to feature a mix of traditional hotekl rooms and condominiums ownerd by permanent residents ofthe building. Many of the condominiumk owners are elderly and some have live in the building sincethe 1960s. Anderson's attemprt to renovate the Ilikai'xs common areas was complicated by repeated clashes with the residentsw who dominatedthe building's condominium association and challenged some of his The hotel gained an international reputation as the location of the famouxs opening shot of “Hawaii Five-O,” where Jack Lord standa on the penthouse balcony of the Ilikai.
Sunday, October 14, 2012
Patrick Younge Executive Profile
mcfarlainofuqub1258.blogspot.com
Patrick Younge is president and generak manager of TravelChannel Media, an integrateed multi-platform travel business wholly ownedr by Cox Communications. In this Younge oversees all ofthe company's assetd in the travel space the Travel Channel, available in more than 91 millionh U.S. cable homes; Travel Channe HD
Patrick Younge is president and generak manager of TravelChannel Media, an integrateed multi-platform travel business wholly ownedr by Cox Communications. In this Younge oversees all ofthe company's assetd in the travel space the Travel Channel, available in more than 91 millionh U.S. cable homes; Travel Channe HD
Saturday, October 13, 2012
Vance Smith named GDOT commissioner - Atlanta Business Chronicle:
authors-morphology.blogspot.com
Smith, R-Pine Mountain, a 17-year legislative veteran who rose in the ranksa to become chairman of the House Transportation wasthe board’s unanimous choice among from eighg applicants. “I’m very excited,” he said following the “I’m ready to go to Smith succeedsGena Evans, who was fireds by the board last February afte a rocky tenure. Board members elected her by one vote in October 2007 to becomethe agency’s first femald commissioner. Although Evans enjoyed the supportof Gov. Sonny she soon came under fire for slowing down the awardiny of highwayconstruction contracts.
In her effortds to overhaul the agency’s operations, she turned up a huge backlog of projectss far beyondthe DOT’s funding capabilities. It was Smitjh was lost out to Evans in and he quickly emerged as her likely successor to headthe DOT, with its $2.4 billionm annual budget and 5,400 employees. “Vance is the rightt man in the right place at the right said board member Larry Walkerof Perry, who headed the commissioner search team that recommende d Smith. Smith takes over a position with less authorit than previousDOT commissioners.
During this year’s Generalk Assembly session, lawmakers approved a bill backefd by Perdue creating the position of directof of planning withinthe agency. Hourse after Smith’s election, Perduwe appointed Todd Long, a former DOT to the planningdirectord post. Long, who workedr at the agency for 18 years before spendiny the last two years withthe , said he and Smit have worked well together in the past and will do so Smith said the new power-sharinv set-up didn’t diminish his desire for the commissioner’s job.
“If it was somethint I didn’t feel comfortables with, I wouldn’t have put my name in the hat,” he Smith, 57, will take officew on June 25 at a salaruof $175,000 a year. He said he will devote his full effortw tothe DOT, having sold his construction business last Gerald Ross, who has served as interim DOT commissioner since will return to his role as the agency’s chiefc engineer.
Smith, R-Pine Mountain, a 17-year legislative veteran who rose in the ranksa to become chairman of the House Transportation wasthe board’s unanimous choice among from eighg applicants. “I’m very excited,” he said following the “I’m ready to go to Smith succeedsGena Evans, who was fireds by the board last February afte a rocky tenure. Board members elected her by one vote in October 2007 to becomethe agency’s first femald commissioner. Although Evans enjoyed the supportof Gov. Sonny she soon came under fire for slowing down the awardiny of highwayconstruction contracts.
In her effortds to overhaul the agency’s operations, she turned up a huge backlog of projectss far beyondthe DOT’s funding capabilities. It was Smitjh was lost out to Evans in and he quickly emerged as her likely successor to headthe DOT, with its $2.4 billionm annual budget and 5,400 employees. “Vance is the rightt man in the right place at the right said board member Larry Walkerof Perry, who headed the commissioner search team that recommende d Smith. Smith takes over a position with less authorit than previousDOT commissioners.
During this year’s Generalk Assembly session, lawmakers approved a bill backefd by Perdue creating the position of directof of planning withinthe agency. Hourse after Smith’s election, Perduwe appointed Todd Long, a former DOT to the planningdirectord post. Long, who workedr at the agency for 18 years before spendiny the last two years withthe , said he and Smit have worked well together in the past and will do so Smith said the new power-sharinv set-up didn’t diminish his desire for the commissioner’s job.
“If it was somethint I didn’t feel comfortables with, I wouldn’t have put my name in the hat,” he Smith, 57, will take officew on June 25 at a salaruof $175,000 a year. He said he will devote his full effortw tothe DOT, having sold his construction business last Gerald Ross, who has served as interim DOT commissioner since will return to his role as the agency’s chiefc engineer.
Thursday, October 11, 2012
Survey: Employers cutting benefit costs - Washington Business Journal:
ethelbertdiya3334.blogspot.com
“The responses indicate that as employers develop benefitt plans for 2010 they are lookingh for ways to reduce benefit without furtherreducing benefits,” said Marianne Fazen, executivwe director of the association. “Surprisingly, many responded that they plan to increasde theirwellness programs.” • Thirty-five percent of employers respondedf that they plan to increase their wellness • Companies identified as its two biggesyt concerns limited benefits budgets, and limited merit budget and bonus pools.
About 68% of companiese are concerned or very concerned about limited meritr budget andbonus pools, and abouy 53% are concerned about limited benefits budgets. To weather the economic almost half of respondents are auditint or planning to audittheir employees’ dependent eligibility in order to reducs the number of individuals covered. And 41% plan to increasse employee costs ofbenefit plans, while more than one-thirf have reduced or are planning to reduce • About 89% of employers believew that workers will respond to the economic downturn by delaying retirement.
Also, 83% of employerx say their workers are concerneds aboutjob security, and 42% think their employees have been impactefd by low morale. The surveyt was submitted to the association's employer members and facilitatefd byin Houston. The association's 900-plus members representf a broad cross-section of benefits professionalsin Texas, Louisiana. Arkansas, Missouri and Kansas, but are not limitedr to those states.
“The responses indicate that as employers develop benefitt plans for 2010 they are lookingh for ways to reduce benefit without furtherreducing benefits,” said Marianne Fazen, executivwe director of the association. “Surprisingly, many responded that they plan to increasde theirwellness programs.” • Thirty-five percent of employers respondedf that they plan to increase their wellness • Companies identified as its two biggesyt concerns limited benefits budgets, and limited merit budget and bonus pools.
About 68% of companiese are concerned or very concerned about limited meritr budget andbonus pools, and abouy 53% are concerned about limited benefits budgets. To weather the economic almost half of respondents are auditint or planning to audittheir employees’ dependent eligibility in order to reducs the number of individuals covered. And 41% plan to increasse employee costs ofbenefit plans, while more than one-thirf have reduced or are planning to reduce • About 89% of employers believew that workers will respond to the economic downturn by delaying retirement.
Also, 83% of employerx say their workers are concerneds aboutjob security, and 42% think their employees have been impactefd by low morale. The surveyt was submitted to the association's employer members and facilitatefd byin Houston. The association's 900-plus members representf a broad cross-section of benefits professionalsin Texas, Louisiana. Arkansas, Missouri and Kansas, but are not limitedr to those states.
Wednesday, October 10, 2012
Downtown Sheraton growing its own herbs - St. Louis Business Journal:
lehoquvuhu.wordpress.com
The hotel also is working with executives at Philips Electronics to determine possible CFL or LED technology for lighting fixtures that currently work only with traditionalkincandescent bulbs. Other efforts under way at the new hoteo include a banquetrecyclint program; installment of a filtrationb system to purify water and reducw waste; and an internal Green Team to identif y ways the hotel can be more “In this day and age, it is cruciakl for all companies to be good corporate citizens.
Sinces well before the hotel opened, we have been identifyinv ways we can reducde our carbon footprint while also operating asa first-class hotel,” said Leo general manager of the Sheraton Phoenix The seasonal garden is growing okra, mint, peppers and a variety of herbsx to be used at District Americahn Kitchen and Wine Bar, the restaurantr located on the bottomn floor of the hotel. District will also return compostable such as fruit andvegetable peelings, to Singjh Farms where it buys some of its The compost can then be used by the locap farm to aid in the growing of new continuing a sustainable cycle, hoteol officials said.
The hotel also is working with executives at Philips Electronics to determine possible CFL or LED technology for lighting fixtures that currently work only with traditionalkincandescent bulbs. Other efforts under way at the new hoteo include a banquetrecyclint program; installment of a filtrationb system to purify water and reducw waste; and an internal Green Team to identif y ways the hotel can be more “In this day and age, it is cruciakl for all companies to be good corporate citizens.
Sinces well before the hotel opened, we have been identifyinv ways we can reducde our carbon footprint while also operating asa first-class hotel,” said Leo general manager of the Sheraton Phoenix The seasonal garden is growing okra, mint, peppers and a variety of herbsx to be used at District Americahn Kitchen and Wine Bar, the restaurantr located on the bottomn floor of the hotel. District will also return compostable such as fruit andvegetable peelings, to Singjh Farms where it buys some of its The compost can then be used by the locap farm to aid in the growing of new continuing a sustainable cycle, hoteol officials said.
Tuesday, October 9, 2012
AG objects to GM bankruptcy - Business First of Columbus:
ovaluleq.wordpress.com
“While we hope that in the end, GM will emerge stronged and more resilient,” Cordray said in a statement, “wse cannot let big-business bankruptcies in federapl court trample over state law.” Much like the Chrysler Cordray’s objections involve issues over workers’ compensatiom benefits liability and reconciling the bankruptcu with state law regulating automobile dealerships. GM has notifies 1,323 dealerships that they will not have theirf franchiseagreement renewed, including 79 in Ohio. Individuapl dealerships haven’t been publicly disclosed.
Cordray also filedr a limited objection over the effecy it could haveon Ohio’a Lemon Law and tax refundws owed to the statw Taxation Department.
“While we hope that in the end, GM will emerge stronged and more resilient,” Cordray said in a statement, “wse cannot let big-business bankruptcies in federapl court trample over state law.” Much like the Chrysler Cordray’s objections involve issues over workers’ compensatiom benefits liability and reconciling the bankruptcu with state law regulating automobile dealerships. GM has notifies 1,323 dealerships that they will not have theirf franchiseagreement renewed, including 79 in Ohio. Individuapl dealerships haven’t been publicly disclosed.
Cordray also filedr a limited objection over the effecy it could haveon Ohio’a Lemon Law and tax refundws owed to the statw Taxation Department.
Sunday, October 7, 2012
Analysis: French search in vain for Hollande vision - Reuters
ramoledef.blogspot.com
Analysis: French search in vain for Hollande vision Reuters PARIS (Reuters) - Just five months after bringing Francois Hollande to power, many French voters are already despairing that he can deliver on the vision they voted for. It was always going to be tough for the Socialist leader to get France's ... |
Saturday, October 6, 2012
Trucking industry suffers as fewer goods hit the road - South Florida Business Journal:
disadvantage-unlimited.blogspot.com
With consumer demand down, the reports that its truclk tonnage index, a gauge of freigh t movement, has been dropping since September. The lossex were less than 2 percent from Septemberthroughg November, but the index fell 14 percent in December and the following two month s were down 10.8 percent and 9.2 The fallout is hitting Carlos owner of in Miami. Duenas, who primarily moves containerizerd cargo to and from Port Everglades and the Port of said his business started fallingthis January, sliding abouf 20 percent. MVC is now hauling aboutg 250 to 260 containers a down from morethan 300. As demanf has slowed, Duenas also has felt pressure to lowere his rates about20 percent.
he owns all of his 26 trucks and isn’tt laden with debt. “This is going to be a year that only the fittesgwill survive,” he predicted. Among the trucking businesses hardes hit by the recessioh are those tiedto construction. With the slowdown in real there is little need for the trucke that provideancillary services, said Matthewa Ubben, a spokesman for the . “It’sw anemic at the moment,” he said.
The South Floridwa trucking industry in general may bounce back more quickly becausd of the diversity of goodz moving throughthe region, said Edward Mierzejewski, a transportation economisy and director of the at the in “To the extent that you’vwe got a broad range of thingas moving through the port, you’re less vulnerable to the kind of peakingt in the market that comes with construction-related materials,” he said. A diversified business model is helping Merchant Transport GM JohnDewhurst said. The company, whicbh operates from West Palm Beach, haulse special loads for industrial andconstructionm uses.
It also gets revenues from related businesses, like renting the cranes it owns. Merchant Transport hauls heavy equipment, industrial machine and works forutility companies. Merchant has seen a drop of abouty 20 percent over the last two Dewhurst said. And, it has so far been able to avoide layoffs among its34 employees, though that hasn’t been easy with haulingg rates dropping “approximately 10 percent across the Dewhurst said. David Armellini, president of , a familyy business in Palm City near also has watched his business drop about 20 The slide started last July or he said. Since then, the company has had to make some though Armellini declined togive specifics.
The company has abou t 200 people on staff and owns abouty130 trucks, he said. Most of Armellini’s trucking involvesd moving flowersfrom , but the company is now tryintg to diversify by hauling more About 30 percent of the business involves hauling othed consumables, he said. The company has had to drop rates, Armellinio acknowledged, though he declined to be specificabout that, as “We’re having to make the cuts like everyone else to remainb a strong company.
”
With consumer demand down, the reports that its truclk tonnage index, a gauge of freigh t movement, has been dropping since September. The lossex were less than 2 percent from Septemberthroughg November, but the index fell 14 percent in December and the following two month s were down 10.8 percent and 9.2 The fallout is hitting Carlos owner of in Miami. Duenas, who primarily moves containerizerd cargo to and from Port Everglades and the Port of said his business started fallingthis January, sliding abouf 20 percent. MVC is now hauling aboutg 250 to 260 containers a down from morethan 300. As demanf has slowed, Duenas also has felt pressure to lowere his rates about20 percent.
he owns all of his 26 trucks and isn’tt laden with debt. “This is going to be a year that only the fittesgwill survive,” he predicted. Among the trucking businesses hardes hit by the recessioh are those tiedto construction. With the slowdown in real there is little need for the trucke that provideancillary services, said Matthewa Ubben, a spokesman for the . “It’sw anemic at the moment,” he said.
The South Floridwa trucking industry in general may bounce back more quickly becausd of the diversity of goodz moving throughthe region, said Edward Mierzejewski, a transportation economisy and director of the at the in “To the extent that you’vwe got a broad range of thingas moving through the port, you’re less vulnerable to the kind of peakingt in the market that comes with construction-related materials,” he said. A diversified business model is helping Merchant Transport GM JohnDewhurst said. The company, whicbh operates from West Palm Beach, haulse special loads for industrial andconstructionm uses.
It also gets revenues from related businesses, like renting the cranes it owns. Merchant Transport hauls heavy equipment, industrial machine and works forutility companies. Merchant has seen a drop of abouty 20 percent over the last two Dewhurst said. And, it has so far been able to avoide layoffs among its34 employees, though that hasn’t been easy with haulingg rates dropping “approximately 10 percent across the Dewhurst said. David Armellini, president of , a familyy business in Palm City near also has watched his business drop about 20 The slide started last July or he said. Since then, the company has had to make some though Armellini declined togive specifics.
The company has abou t 200 people on staff and owns abouty130 trucks, he said. Most of Armellini’s trucking involvesd moving flowersfrom , but the company is now tryintg to diversify by hauling more About 30 percent of the business involves hauling othed consumables, he said. The company has had to drop rates, Armellinio acknowledged, though he declined to be specificabout that, as “We’re having to make the cuts like everyone else to remainb a strong company.
”
Thursday, October 4, 2012
Bennet cites Colorado examples in Senate plea for health-care reform - Phoenix Business Journal:
sucujovide.wordpress.com
Take sixty-seven year old Bill Schoens, from Colorado, who recently sufferefd a heart attack. Before he was released from the registered nurse Becky Cline was assigned as his Transitions She made sure that Bill understood the medicationx that his doctors prescribed and everything else he neededd to do to get Bill evenpointed out, “When you are in the emergency you are all drugged up and can barely remember what to do. Confusio starts to set in.” Beckt went through each step Bill neede d to follow when he leftthe hospital. Becky evaluated Bill’s ability to follow doctor’s orders in his environment and helped him maintainm his own PersonalHealth Record.
With her help, when Bill visited the he didn’t have to remembee everything that happened since he left thehospital — it was all in the Bill said “When peoplw are in front of their doctor, their bloos pressure goes sky high and they forget what they need to He said he foundx the help and guidance he received from his Transitionx Coach “invaluable and life-saving.” We need patient-centered coordinated care care that views nurses, doctors and family members not as isolated but as partners on a team whose ultimate goal is to make sure patientsd get the guidance and care they Hospitals aren’t the problem, primary care physicians aren’t the and nurses aren’t the problem.
Our fragmentedd delivery system of care is the This bill also makes sure that we are teachingb patients to manage their own conditionat Sixty-nine year old Frank Yannki of Denver, Colorado had surgery for a staph infection of the spinal cord. After leavin the hospital, he noticed that the pain he was experiencinbg weeks after surgery wasgettinhg worse. Having been “coached,” he identifiex the problem and knew to insisft on visiting hisdoctor immediately. A hospital test showe d that Mr. Yanni required a second His coachsaid that, “Had he let that go for even anothee week, he could have ended up in the Intensiv Care Unit, septic and horribly sick.
” Our Colorado transitiom of care model, reflected in our legislation, givew health care systems the choice of whether to create this But it allows existing patient-centered transitional care programs like the one in Mesa Colorado to continue on. We want communitiee and providers to think and work together to reducewreadmission rates, reduce costs and provide better coordinated care to our patients. Other systems should look at Coloradko and the systemsin twenty-four other states that have alreadyh begun to follow this model.
As we begin to emerg from the economic crisis, we must call upon existinbg health care professionals from all walks of life nurse practitioners, social long-term care, and community health workere — to serve as transitional coaches. Colorado nurses like Becky Clines have found that focusing on transitionalo care has leveragedtheir skills, empowering them to take a more activr role with patients. They are able to work with both patientss andfamily caregivers. For too long, familuy caregivers have been “silent 50 million Americans provide care for achronically ill, disablef or aged loved one.
This bill recognizees their importance, connecting them with a coach who can teacg them how to properluycoordinate at-home care. This bill is only a smal l part of the solution to the complex challenges of our fragmentes healthcare system. The problems of rising costs and limitedd access affect people from all walkzsof life. Skip Guarini of Parker, Colorado, is a self-employed privatee consultant andretired U.S. Marine. After yearw of regular doctors’ visits, Skip’s dentist discovered a lump on his thyroide during a routine exam that had gone undetectecd by his physician despite 10previouds exams.
Skip underwent a CT/MR I scan, Ultrasound, and biopsy, all of whicnh were inconclusive. A second series of testsw six months later revealed that the lump had and Skipunderwent surgery. During the doctors found cancer. Skip was then sent to an endocrinologist who ordereemore tests. All tests came back A second full body scan revealed no sign of cancedr anywherein Skip's body. All these examzs and screenings costSkip $122,000. Sinc e then, Skip has maintained perfecyt health, but he cannot obtain private insurance becausd of thethyroid surgery.
He now relies on COBRA and is payinb a monthly premium of This coverage is set to expirse in less thanone year, at which point Skip will have no insurance at all. Hollis Berendt is a small businesa ownerin Greeley, Colorado. She is coveree through her husband’s employer, which is accordingb to her, “a luxury many othedr small businessowners don’t After graduating from Colorado State University in 2004, theidr daughter Abby found a job with a larged company in New York City.
She was told she couldn’tr get health care coverage until she had been working at the company for one At ten monthsof employment, she was diagnosed with an ovariahn tumor that would requiree surgery. The expenses were too much for Abby, so her parents had to take out a secon mortgage to pay hermedicao bills. Hollis shared that, “Thias experience brought to light, all too clearly, how closw we all are to losing everythinh due to a health The current system is hurting our small businesds people andtheir employees. Take Bob Montoya of Colorado who runs Cedar Ridgs Landscape in Pueblo withhis brother, Ron.
They are torn betweem providing health care coveragd for employees and keeping theirfbusiness afloat.
Take sixty-seven year old Bill Schoens, from Colorado, who recently sufferefd a heart attack. Before he was released from the registered nurse Becky Cline was assigned as his Transitions She made sure that Bill understood the medicationx that his doctors prescribed and everything else he neededd to do to get Bill evenpointed out, “When you are in the emergency you are all drugged up and can barely remember what to do. Confusio starts to set in.” Beckt went through each step Bill neede d to follow when he leftthe hospital. Becky evaluated Bill’s ability to follow doctor’s orders in his environment and helped him maintainm his own PersonalHealth Record.
With her help, when Bill visited the he didn’t have to remembee everything that happened since he left thehospital — it was all in the Bill said “When peoplw are in front of their doctor, their bloos pressure goes sky high and they forget what they need to He said he foundx the help and guidance he received from his Transitionx Coach “invaluable and life-saving.” We need patient-centered coordinated care care that views nurses, doctors and family members not as isolated but as partners on a team whose ultimate goal is to make sure patientsd get the guidance and care they Hospitals aren’t the problem, primary care physicians aren’t the and nurses aren’t the problem.
Our fragmentedd delivery system of care is the This bill also makes sure that we are teachingb patients to manage their own conditionat Sixty-nine year old Frank Yannki of Denver, Colorado had surgery for a staph infection of the spinal cord. After leavin the hospital, he noticed that the pain he was experiencinbg weeks after surgery wasgettinhg worse. Having been “coached,” he identifiex the problem and knew to insisft on visiting hisdoctor immediately. A hospital test showe d that Mr. Yanni required a second His coachsaid that, “Had he let that go for even anothee week, he could have ended up in the Intensiv Care Unit, septic and horribly sick.
” Our Colorado transitiom of care model, reflected in our legislation, givew health care systems the choice of whether to create this But it allows existing patient-centered transitional care programs like the one in Mesa Colorado to continue on. We want communitiee and providers to think and work together to reducewreadmission rates, reduce costs and provide better coordinated care to our patients. Other systems should look at Coloradko and the systemsin twenty-four other states that have alreadyh begun to follow this model.
As we begin to emerg from the economic crisis, we must call upon existinbg health care professionals from all walks of life nurse practitioners, social long-term care, and community health workere — to serve as transitional coaches. Colorado nurses like Becky Clines have found that focusing on transitionalo care has leveragedtheir skills, empowering them to take a more activr role with patients. They are able to work with both patientss andfamily caregivers. For too long, familuy caregivers have been “silent 50 million Americans provide care for achronically ill, disablef or aged loved one.
This bill recognizees their importance, connecting them with a coach who can teacg them how to properluycoordinate at-home care. This bill is only a smal l part of the solution to the complex challenges of our fragmentes healthcare system. The problems of rising costs and limitedd access affect people from all walkzsof life. Skip Guarini of Parker, Colorado, is a self-employed privatee consultant andretired U.S. Marine. After yearw of regular doctors’ visits, Skip’s dentist discovered a lump on his thyroide during a routine exam that had gone undetectecd by his physician despite 10previouds exams.
Skip underwent a CT/MR I scan, Ultrasound, and biopsy, all of whicnh were inconclusive. A second series of testsw six months later revealed that the lump had and Skipunderwent surgery. During the doctors found cancer. Skip was then sent to an endocrinologist who ordereemore tests. All tests came back A second full body scan revealed no sign of cancedr anywherein Skip's body. All these examzs and screenings costSkip $122,000. Sinc e then, Skip has maintained perfecyt health, but he cannot obtain private insurance becausd of thethyroid surgery.
He now relies on COBRA and is payinb a monthly premium of This coverage is set to expirse in less thanone year, at which point Skip will have no insurance at all. Hollis Berendt is a small businesa ownerin Greeley, Colorado. She is coveree through her husband’s employer, which is accordingb to her, “a luxury many othedr small businessowners don’t After graduating from Colorado State University in 2004, theidr daughter Abby found a job with a larged company in New York City.
She was told she couldn’tr get health care coverage until she had been working at the company for one At ten monthsof employment, she was diagnosed with an ovariahn tumor that would requiree surgery. The expenses were too much for Abby, so her parents had to take out a secon mortgage to pay hermedicao bills. Hollis shared that, “Thias experience brought to light, all too clearly, how closw we all are to losing everythinh due to a health The current system is hurting our small businesds people andtheir employees. Take Bob Montoya of Colorado who runs Cedar Ridgs Landscape in Pueblo withhis brother, Ron.
They are torn betweem providing health care coveragd for employees and keeping theirfbusiness afloat.
Wednesday, October 3, 2012
Daskalos, Dekker, Skarsgard bag NAIOP wins - New Mexico Business Weekly:
glafirarynyxu.blogspot.com
The made the presentations at its 2008 awardx luncheon at the UptownMarriott hotel. More than 500 attendedf the annual event. NAOIo gave awards in 10 categories and itsseparatse chairman’s community builder’s award went to the Albuquerquse Bernalillo County Water Utility Authority for its new $385 millionj water system that makes Rio Grande watetr potable. The New Mexico NAIOP’s membedr of the year award wentto Dekker’s architecturall firm, . In the large office Skarsgard’s successful Paseo Nuevo at 8220 San Pedrio NE wasthe winner. The 106,000 square-foot Class A building is mostly leased despite thefragile economy.
In the smalkl office category, the winner was Mariposqa East Commons, a 16,000-square-foot LEED certified building that was built by forits headquarters. It’s the firsy LEED certified building in Rio Rancho and was aDekker Dickson’s Belvedere Urban Courtyarx was the winner in the mixed-use The 54-unit residential/retail project is just nortbh of his Lofts at Albuquerques High project east of Downtown. Daskalos took the retaiol award for hisShops @ Paseo Crossint project while captured the industrial award for its new 65,000-square-footr warehouse and office at 3330 Pan American Freeway NE.
In the residentiakl arena, captured the master-planned community awardd for its 433-acre Loma Colorado project in Rio Rancho. Naturr Pointe’s developer Alex Leonardx won the residential amenity category forthe 18,000-square-foot clubhouse at his master-planneds development near Sedillo Hill in the East
The made the presentations at its 2008 awardx luncheon at the UptownMarriott hotel. More than 500 attendedf the annual event. NAOIo gave awards in 10 categories and itsseparatse chairman’s community builder’s award went to the Albuquerquse Bernalillo County Water Utility Authority for its new $385 millionj water system that makes Rio Grande watetr potable. The New Mexico NAIOP’s membedr of the year award wentto Dekker’s architecturall firm, . In the large office Skarsgard’s successful Paseo Nuevo at 8220 San Pedrio NE wasthe winner. The 106,000 square-foot Class A building is mostly leased despite thefragile economy.
In the smalkl office category, the winner was Mariposqa East Commons, a 16,000-square-foot LEED certified building that was built by forits headquarters. It’s the firsy LEED certified building in Rio Rancho and was aDekker Dickson’s Belvedere Urban Courtyarx was the winner in the mixed-use The 54-unit residential/retail project is just nortbh of his Lofts at Albuquerques High project east of Downtown. Daskalos took the retaiol award for hisShops @ Paseo Crossint project while captured the industrial award for its new 65,000-square-footr warehouse and office at 3330 Pan American Freeway NE.
In the residentiakl arena, captured the master-planned community awardd for its 433-acre Loma Colorado project in Rio Rancho. Naturr Pointe’s developer Alex Leonardx won the residential amenity category forthe 18,000-square-foot clubhouse at his master-planneds development near Sedillo Hill in the East
Tuesday, October 2, 2012
UTMB receives cardiology training endowment - Denver Business Journal:
lehoquvuhu.wordpress.com
Dr. John C. Price created the Melvim L. Price M.D. and Charles A. Price Endowment for Cardiology Fellowship Training to supporgyoung doctors’ education as they learn the nuancez of treating heart disease, the leadingv cause of death in the United Price’s brothers both died of cardiovascular disease. Price said he wantedc to establish the endowment to ensure that UTMB can traihn more cardiologists who will be skilled at helping patient s with heart problems makefull recoveries. The valu e of the endowment wasnot disclosed.
“The twin goalsz are to provide more effective therap for those with heart disease and to encourage early identification of individual at risk for subsequent intervention to modify and ultimatelyh prevent the morbidity of cardia c andvascular disease,” said Price, a head and neck surgeon. In additionj to his recent endowment, Price has contributed to cardiology research at the universituy to aid the development of new treatments and procedurese that reduce functional impairment and deatn fromcardiovascular disease.
Dr. John C. Price created the Melvim L. Price M.D. and Charles A. Price Endowment for Cardiology Fellowship Training to supporgyoung doctors’ education as they learn the nuancez of treating heart disease, the leadingv cause of death in the United Price’s brothers both died of cardiovascular disease. Price said he wantedc to establish the endowment to ensure that UTMB can traihn more cardiologists who will be skilled at helping patient s with heart problems makefull recoveries. The valu e of the endowment wasnot disclosed.
“The twin goalsz are to provide more effective therap for those with heart disease and to encourage early identification of individual at risk for subsequent intervention to modify and ultimatelyh prevent the morbidity of cardia c andvascular disease,” said Price, a head and neck surgeon. In additionj to his recent endowment, Price has contributed to cardiology research at the universituy to aid the development of new treatments and procedurese that reduce functional impairment and deatn fromcardiovascular disease.
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