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Saturday, July 16, 2011
Thursday, July 14, 2011
Paul Ryan's misleading historical analogy in the debt limit talks - Washington Post (blog)
xoqylyjibo.wordpress.com
Paul Ryan's misleading historical analogy in the debt limit talks Washington Post (blog) (Democrats are equally guilty of such historical amnesia, as we demonstrated when we gave Sen. Barbara Boxer Pinocchios for a highly misleading account of the budget surplus.) Let's take a trip down memory land and see what really happened in 1997 and ... |
Monday, July 11, 2011
Beige Book: Weaker economy for Ohio - Dayton Business Journal:
acklinegymejac1362.blogspot.com
The Cleveland Fed in its “beige book” analysia of Ohio, eastern Kentuckuy and western Pennsylvania, reported signs of further deterioratio nsince mid-April. That’s the story for much of the rest of the with all 12 of the district banks indicating economic conditionws stayed weak or got worsethrough May. Manufacturing – With production down slightly through this year but off sharply compared with most Fedcontacts aren’t expecting condition s to bottom out until at least the thirdd quarter. Steel processors, are seeing a sharp decline begin tolevell off, but no turnaround is expected this year.
Most respondenta said they’ve cut payroll costs by wage cuts and a reductionin • Real estate – The Fed noteed an increase in optimism amont respondents, though conditions remain rougb compared with last Residential builders expect activity to remain relatively unchanged in the next few months, though some are hopeful an uptick could take place befores the end of the year. Both residential and commercialp builders noted troubles securing which has led to construction delays or shutdowns on thecommerciak end.
• Consumer spending – The Fed reportedf relatively stable sales for retailers in thelast six-weel period, with most not expecting majod changes through September. New-vehiclew sales, contacts said, dropped during the period amid an ongoing crisizs inthe industry, though used car lots saw a “modest • Banking – The Fed trackes mixed demand for commercial and industrial though refinancing applications on the residential side remain “verhy strong.” Core deposits jumpe d sharply during the six weeks even as competition declined, the Fed As for tighter lendinf standards, they’re “firmly in place” with no expectations for easing up.
• Energy – Coal companies have reported production declines as demand from utilitiex has declined because ofexcessa inventory. At the same time, prices for coal dropped while gas and oil prices were steadty or onthe rise. • Transportatiom – Freight companies reported low volumes but told theFed they’rse seeing this year’s decline moderate. Most Fed contactsa expect conditions to hold steadythrougu September.
The Cleveland Fed in its “beige book” analysia of Ohio, eastern Kentuckuy and western Pennsylvania, reported signs of further deterioratio nsince mid-April. That’s the story for much of the rest of the with all 12 of the district banks indicating economic conditionws stayed weak or got worsethrough May. Manufacturing – With production down slightly through this year but off sharply compared with most Fedcontacts aren’t expecting condition s to bottom out until at least the thirdd quarter. Steel processors, are seeing a sharp decline begin tolevell off, but no turnaround is expected this year.
Most respondenta said they’ve cut payroll costs by wage cuts and a reductionin • Real estate – The Fed noteed an increase in optimism amont respondents, though conditions remain rougb compared with last Residential builders expect activity to remain relatively unchanged in the next few months, though some are hopeful an uptick could take place befores the end of the year. Both residential and commercialp builders noted troubles securing which has led to construction delays or shutdowns on thecommerciak end.
• Consumer spending – The Fed reportedf relatively stable sales for retailers in thelast six-weel period, with most not expecting majod changes through September. New-vehiclew sales, contacts said, dropped during the period amid an ongoing crisizs inthe industry, though used car lots saw a “modest • Banking – The Fed trackes mixed demand for commercial and industrial though refinancing applications on the residential side remain “verhy strong.” Core deposits jumpe d sharply during the six weeks even as competition declined, the Fed As for tighter lendinf standards, they’re “firmly in place” with no expectations for easing up.
• Energy – Coal companies have reported production declines as demand from utilitiex has declined because ofexcessa inventory. At the same time, prices for coal dropped while gas and oil prices were steadty or onthe rise. • Transportatiom – Freight companies reported low volumes but told theFed they’rse seeing this year’s decline moderate. Most Fed contactsa expect conditions to hold steadythrougu September.
Saturday, July 9, 2011
Ten banks allowed to repay TARP funds - Wichita Business Journal:
http://cashemporium.com/Luxury/Dancers-Necklace/
The Treasury Department did not name the 10 but said they were being approved for early repaymeng of the federal bailout funds under the Troublecd Asset ReliefProgram (TARP) because the so-called stress testas performed by the government revealeds they were healthy enough to pay back the money. The departmenr said the institutions have met the requirementes for repayment established by federalbanking supervisors. It notedd that many banks recently have raised equity capital from privatew investors and haveissued long-term debt that is not guaranteed by the “These repayments are an encouraging sign of financiao repair, but we still have work to Treasury Secretary Tim Geithnere said.
More than 600 banks received a total of nearly $200 billion through the department’s Capital Purchase Program. Abourt $2 billion of this money was paidback previously. Unded the program, banks that repay their preferred stocm can repurchase the warrants that the TreasuryDepartmenyt holds. Besides the proceeds from the sales of the the department also hasreceived $4.5 billion in dividend payments from program participants. Proceeds from the repayments to go theTreasurh Department’s general fund. They can be used to reduce the nationak debt and can serve as a cushion in case the departmenty needs to respond to financial emergencies in the thedepartment said.
The list of 10 banks was not publiclyt disclosed, but many of the banks confirmesd separately in press releases that they received approva to buy back preferree shares sold to thefederal government, including two banksa with sizable Milwaukee-area presences: USB) and J.P. Morganm Chase (NYSE: JPM). U.S. Bank was cleared to repayy $6.6 billion in TARP funds and Chasw was approved to repayall $25 billion in TARP fundds it received. Locally based banks that received TARP funde include andof Milwaukee, of Menomone e Falls and in Brookfield. M&I, the Milwaukee-area' largest bank, was not among the list of 10 banks approve d to repay itsTARP funds, accordinf to media reports.
M&I said in May that it begah to sell stock in a sale that could raisew as muchas $350 million in proceeds, part of whichn the bank said it may use to repay a portiom of the $1.7 billion capital infusion it received in November 2008 underf TARP if approved by
The Treasury Department did not name the 10 but said they were being approved for early repaymeng of the federal bailout funds under the Troublecd Asset ReliefProgram (TARP) because the so-called stress testas performed by the government revealeds they were healthy enough to pay back the money. The departmenr said the institutions have met the requirementes for repayment established by federalbanking supervisors. It notedd that many banks recently have raised equity capital from privatew investors and haveissued long-term debt that is not guaranteed by the “These repayments are an encouraging sign of financiao repair, but we still have work to Treasury Secretary Tim Geithnere said.
More than 600 banks received a total of nearly $200 billion through the department’s Capital Purchase Program. Abourt $2 billion of this money was paidback previously. Unded the program, banks that repay their preferred stocm can repurchase the warrants that the TreasuryDepartmenyt holds. Besides the proceeds from the sales of the the department also hasreceived $4.5 billion in dividend payments from program participants. Proceeds from the repayments to go theTreasurh Department’s general fund. They can be used to reduce the nationak debt and can serve as a cushion in case the departmenty needs to respond to financial emergencies in the thedepartment said.
The list of 10 banks was not publiclyt disclosed, but many of the banks confirmesd separately in press releases that they received approva to buy back preferree shares sold to thefederal government, including two banksa with sizable Milwaukee-area presences: USB) and J.P. Morganm Chase (NYSE: JPM). U.S. Bank was cleared to repayy $6.6 billion in TARP funds and Chasw was approved to repayall $25 billion in TARP fundds it received. Locally based banks that received TARP funde include andof Milwaukee, of Menomone e Falls and in Brookfield. M&I, the Milwaukee-area' largest bank, was not among the list of 10 banks approve d to repay itsTARP funds, accordinf to media reports.
M&I said in May that it begah to sell stock in a sale that could raisew as muchas $350 million in proceeds, part of whichn the bank said it may use to repay a portiom of the $1.7 billion capital infusion it received in November 2008 underf TARP if approved by
Thursday, July 7, 2011
The First Casualty Is Always Art (VIDEO) - Huffington Post (blog)
youngmanmeledero1636.blogspot.com
The First Casualty Is Always Art (VIDEO) Huffington Post (blog) The event was beautifully organized, with a trade fair during the day, and performances at the clubs Melkweg, Sugar Factory and the imposing Bimhuis at night. Business interaction was lively throughout; at the fair, at the shows, at dinners and at ... |
Monday, July 4, 2011
Sacramento Restaurants & Sacramento Dining Guide
bojony.wordpress.com
Sacramento, CA 95814 916-443-3772 Average dinner for two, with $80 - $100 Ella opened with much fanfare in making Sacramento's K Street Mall a dining destination. With its elegant "comforft food" offerings, the restaurant offerds first-class seafood and re-imagined favorites such as meatballs and pork The large, upscale restaurant features long, family-stylw tables, private eating and a smaller, intimate lounge. The service is graciou s and attentive, and owner and chef Randall Sellan d is a celebrated fixturw in the Sacramentorestaurant scene. Biba Restaurangt 2801 Capitol Ave.
Sacramento, CA 95816 916-455-242q2 Average dinner for two, with drinks: $100 - $120 The gran dame of Sacramento's restauran scene, Biba Caggiano has been servinfg upscale Italian cuisine for more than 20 The menu changes includes everything from pasta to saladd to duckand lamb. Caggiano has been honoref with Resolutions from the CaliforniqState Legislature, and has publishes eight best-selling cookbooks.
La Provencw Restaurant and Terrace 110 Diamond CreekPlace Roseville, CA 916-789-2003 Average dinner for two, with drinks: $80 French and Mediterraneam cuisine dominate at this Roseville The rustic, casual restaurant has indoor seating, with a and an outdoor patio with views of the garden. La Provencse used traditional materials inits construction, but has modernn touches, including wireless Internet acceszs in its private dining room. Roxy Restaurant and Bar 2381 FairOaks Sacramento, CA 916-489-2000 Average dinner for two, with $60 - $80 A laid-back and fun sister to Gov.
Schwarzenegger'd preferred "Lucca" restaurant, Roxy is a playfulo take on Sacamento's "Old West" The cowboy theme extends to its which changes often and skews from seared ahi to cheddarfmashed potatoes, and to its western-shirt clad Roxy offers swanky food with low-key
Sacramento, CA 95814 916-443-3772 Average dinner for two, with $80 - $100 Ella opened with much fanfare in making Sacramento's K Street Mall a dining destination. With its elegant "comforft food" offerings, the restaurant offerds first-class seafood and re-imagined favorites such as meatballs and pork The large, upscale restaurant features long, family-stylw tables, private eating and a smaller, intimate lounge. The service is graciou s and attentive, and owner and chef Randall Sellan d is a celebrated fixturw in the Sacramentorestaurant scene. Biba Restaurangt 2801 Capitol Ave.
Sacramento, CA 95816 916-455-242q2 Average dinner for two, with drinks: $100 - $120 The gran dame of Sacramento's restauran scene, Biba Caggiano has been servinfg upscale Italian cuisine for more than 20 The menu changes includes everything from pasta to saladd to duckand lamb. Caggiano has been honoref with Resolutions from the CaliforniqState Legislature, and has publishes eight best-selling cookbooks.
La Provencw Restaurant and Terrace 110 Diamond CreekPlace Roseville, CA 916-789-2003 Average dinner for two, with drinks: $80 French and Mediterraneam cuisine dominate at this Roseville The rustic, casual restaurant has indoor seating, with a and an outdoor patio with views of the garden. La Provencse used traditional materials inits construction, but has modernn touches, including wireless Internet acceszs in its private dining room. Roxy Restaurant and Bar 2381 FairOaks Sacramento, CA 916-489-2000 Average dinner for two, with $60 - $80 A laid-back and fun sister to Gov.
Schwarzenegger'd preferred "Lucca" restaurant, Roxy is a playfulo take on Sacamento's "Old West" The cowboy theme extends to its which changes often and skews from seared ahi to cheddarfmashed potatoes, and to its western-shirt clad Roxy offers swanky food with low-key
Saturday, July 2, 2011
PwC hires CBRE for relocation opportunities - Atlanta Business Chronicle:
http://vinyl-banners-chicago.com/insure-drivers-using-banners-.html
has hired CB . as its strategic real estatre adviser forthe firm’s Atlanta New York-based PwC leases about 150,0000 square feet at 10 Tenth The lease expires in late 2012. The CBRE which consists of John Shlesingerfrom CBRE’x Atlanta office and Timothy Dempsegy from CBRE’s New York will examine the accounting firm’sa potential relocation opportunities throughout greater Atlanta, as well as represenyt PwC in any discussions with its current CBRE, PwC’s national real estate services provider, providez transaction management and projecrt management services throughout the United States on behalf of PwC.
About 10 years ago, PricewaterhouseCoopers moved nearly 860 employeesto Midtown’w 10 Tenth St., known as the Millenniukm office building, located at 10th and West Peachtree That deal gave a huge boost to what was then a struggliny Midtown office market. PricewaterhouseCoopers joins many other large professional servicesd firms that are starting their search for new leasese in theAtlanta market, includingg Big Four competitor and downtowm office tenant , which is currentlh housed at SunTrust Plaza.
a real estate joint venture between Georgia-Pacific LLC and MetLife recently awarded the leasing and managementtof Georgia-Pacific Center to The firm will beginb the assignment on June 16. has beenmarketingb and managingthe 52-story,1.1 million-square-foot tower at 133 Peachtree St. Georgia-Pacific leases 820,000 squarw feet for its corporate Georgia-Pacific Center has abouyt 124,000 square feet of contiguous spacd available for lease onthe 27th, 28th, 29th, 30th and 31st floors. The buildinyg is 87 percent leased.
Jones Lang LaSalle Managinb Director Linda Bolan willlead management-transition while Mark Harrington and Jamilyn Boze will be responsibld for the daily management of the property. Jones Lang LaSallse senior vice presidents Glenn Aspinwallo and Jeff Frantz willlead leasing. “We’ve assemblerd an all-star team to work with GA-MET to furthef the success of thislandmark building,” said Clarl Gore, Jones Lang LaSalle Atlanta market director. “It’s a great asset and a terrificv opportunity to continue to prove our capabilitiees and the quality of our Atlantaleadershilp team.
” Leasing and management of the Georgia-Pacifix Center adds to Jones Lang LaSalle’s significany downtown presence. The firm also leasee 230 Peachtree Street and manages the Uniter Way of MetropolitanAtlanta Inc.’se downtown headquarters. In addition, Jones Lang LaSalle’s Projec t and Development Services team is leadingb the redevelopment of the Hilton Atlanta and the Hyatt Regency after also completing development and redevelopment efforts for the Worldsof Coca-Cola and the Atlantza Marriott Marquis in the past two The team is also developing Georgiaq State University’s $160 million Science Park in Atlanta’sw downtown submarket.
Jones Lang LaSalle leasezs and manages about 9 million square feet inmetro Atlanta. recentlyu sold its Post Dunwoody apartments forabout $47 million, the larges t multifamily transaction of the year in Atlanta and a sign that some typesz of real estate lending are pickingf up. In a deal that closedd in April, Post (NYSE: PPS) sold the 530-unit apartmen complex to and for $47.4 million, or $89,434 a unit. Fultoh County had valued the property atnearly $51 or about $97,000 a unit.
Freddie Mac (FRE) originatefd a nearly $36 million loan to fund the transaction, accordiny to The deal resulted in a 75 percent loanto
has hired CB . as its strategic real estatre adviser forthe firm’s Atlanta New York-based PwC leases about 150,0000 square feet at 10 Tenth The lease expires in late 2012. The CBRE which consists of John Shlesingerfrom CBRE’x Atlanta office and Timothy Dempsegy from CBRE’s New York will examine the accounting firm’sa potential relocation opportunities throughout greater Atlanta, as well as represenyt PwC in any discussions with its current CBRE, PwC’s national real estate services provider, providez transaction management and projecrt management services throughout the United States on behalf of PwC.
About 10 years ago, PricewaterhouseCoopers moved nearly 860 employeesto Midtown’w 10 Tenth St., known as the Millenniukm office building, located at 10th and West Peachtree That deal gave a huge boost to what was then a struggliny Midtown office market. PricewaterhouseCoopers joins many other large professional servicesd firms that are starting their search for new leasese in theAtlanta market, includingg Big Four competitor and downtowm office tenant , which is currentlh housed at SunTrust Plaza.
a real estate joint venture between Georgia-Pacific LLC and MetLife recently awarded the leasing and managementtof Georgia-Pacific Center to The firm will beginb the assignment on June 16. has beenmarketingb and managingthe 52-story,1.1 million-square-foot tower at 133 Peachtree St. Georgia-Pacific leases 820,000 squarw feet for its corporate Georgia-Pacific Center has abouyt 124,000 square feet of contiguous spacd available for lease onthe 27th, 28th, 29th, 30th and 31st floors. The buildinyg is 87 percent leased.
Jones Lang LaSalle Managinb Director Linda Bolan willlead management-transition while Mark Harrington and Jamilyn Boze will be responsibld for the daily management of the property. Jones Lang LaSallse senior vice presidents Glenn Aspinwallo and Jeff Frantz willlead leasing. “We’ve assemblerd an all-star team to work with GA-MET to furthef the success of thislandmark building,” said Clarl Gore, Jones Lang LaSalle Atlanta market director. “It’s a great asset and a terrificv opportunity to continue to prove our capabilitiees and the quality of our Atlantaleadershilp team.
” Leasing and management of the Georgia-Pacifix Center adds to Jones Lang LaSalle’s significany downtown presence. The firm also leasee 230 Peachtree Street and manages the Uniter Way of MetropolitanAtlanta Inc.’se downtown headquarters. In addition, Jones Lang LaSalle’s Projec t and Development Services team is leadingb the redevelopment of the Hilton Atlanta and the Hyatt Regency after also completing development and redevelopment efforts for the Worldsof Coca-Cola and the Atlantza Marriott Marquis in the past two The team is also developing Georgiaq State University’s $160 million Science Park in Atlanta’sw downtown submarket.
Jones Lang LaSalle leasezs and manages about 9 million square feet inmetro Atlanta. recentlyu sold its Post Dunwoody apartments forabout $47 million, the larges t multifamily transaction of the year in Atlanta and a sign that some typesz of real estate lending are pickingf up. In a deal that closedd in April, Post (NYSE: PPS) sold the 530-unit apartmen complex to and for $47.4 million, or $89,434 a unit. Fultoh County had valued the property atnearly $51 or about $97,000 a unit.
Freddie Mac (FRE) originatefd a nearly $36 million loan to fund the transaction, accordiny to The deal resulted in a 75 percent loanto
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