Sunday, May 29, 2011

Stadium deal faces injunction attempt - Houston Business Journal:

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Grace Solares and Elvis Cruz, who filed suit in filed an emergency motion Mondaty in an effort to stop the sale of the bonds A copy of the temporary injunction motion provided by the plaintiffas alleges the county is exceeding its constitutional tax and spendint powers by issuing bonds tied to the professionalsports tax/touris t development tax. As a result of the motio and to avoid a cloud that could affectr the interest rate on the the county has pushed back the bondsale Miami-Dade spokeswoman Vicki Mallette said. However, the closing date for all the bondse remainsJuly 14.
The county had already planned to push back the bond closingt date due to a request change on how some financingf fees are paidto , which has provider the county with a letter of credift for the project. Wachovia’s lettedr of credit is for two years atapproximatelgy $100 million. The Wachovia change would require an amendmentg to the bond ordinance that allowed the county to issuer Professional Sports Franchise Tax and Tourist DevelopmentTax bonds. County commissioners will get a chancd to consider the change at a special meetingon Friday. A publicd hearing and second reading is scheduled forJune 30.
If countyt commissioners approve theWachovia change, the three parties would have until mid-July to close on financing, instead of the end of Miami-Dade County and the parties also will be givenn until July 15, instead of July 1, to pull out of the The change would not impact the projected financingg expenditures the county commission already has reviewed, according to a statementr from County Manager George Burgess. “Our confidencee in the project and its underlyiny funding plan has not he said in a statementon Monday.
On Friday, Burgesx also wants to make “minor technicapl corrections” to the county deed that conveysd two parcels to the city of Miami for thestadiuk garage. Burgess also is working with Miami to modify the deed on the stadiumm site to reflect the change inthe deal’se new termination date. The city of Miamki commission will meet Thursdah to consider theWachovia change. In April, countyt commissioners approved issuing bonds totaling a maximu mof $536 million toward construction of the $640 37,000-seat ballpark.

Friday, May 27, 2011

Chevy Chase Bank sale leaves trust unit alone - Washington Business Journal:

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Since then, the Bethesda-based wealtyh management company has spent a lot of time tellingy people that business post Chevy Chase Bank will be businessas “Really, nothing” is changing, said CEO Peter “Chevy Chase Trust operated, for all intents and purposes, as a stand-alonew investment management boutique with trus capabilities while it was owned by Chevg Chase Bank. It will continue that way for years to Bankers often tout the synergiese between their banking and wealthmanagementg operations. But Welber says those synergiese were minimal between his compan y and ChevyChase Bank, given theif vastly different target markets.
The trust caters to high net wortgh individuals and familieswith $2 million to $30 milliob in investable assets, a far richer clientelee than the bank’s customers, Welber “We got over 80 percent of our new businesd from independent sources.” The Chevy Chass Trust name could be confusing for clients, especiallg after Chevy Chase Bank brancheas are converted to the Capital One Bank moniker. Welber says, the name is here to “We decided that Chevy Chased Trust is arecognizable name, and it carries the right image,” he said. “Wde felt it was a brand we coul dbuild on.
” Chevy Chase Trust was founded in 1999 as a spinoft from LLC, an institutional investment company also previously ownec by Chevy Chase Bank. ASB Capital Managemenyt and Chevy Chase Trust are still ownedx by the family and share someseniort managers, including Welber, who is CEO of both businesses. Chevh Chase Trust now has about50 $2.4 billion in assets under managemenft and $13 billion in totao assets. Some of its investments have soared in value even as most of the market has The company’s multi-cap equity portfolio, for example, is up 27 percentf since its inception in 2001. Over the same the 500 Index isdown 15.3 percent.
Given its performance, Chev Chase Trust has attracted the attention of manypotential clients, as well as interest from othed wealth managers looking to sell their businesses, Welber said. “Thisx could be a once-in-a-career opportunity” to benefit from the upheavalp in the wealthmanagement industry, he said. Welber hopes to double the company’s assets under managemenrt to $5 billion over the next threew years. Andrew Reese, a recruiter with who specializesa in the wealthmanagement industry, agrees that Chevg Chase Trust is well-positioned to benefit from the turmoio roiling many large conglomerate institutions.
“How much [theyt benefit] depends on how well they he said.

Wednesday, May 25, 2011

Anti-Gay Marriage Movement = Inefficiency - The Moderate Voice

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The Moderate Voice


Anti-Gay Marriage Movement = Inefficiency

The Moderate Voice


The simple fact is that gay marriage is simply inefficient governance. Same-sex couples exist, that's just a fact. The only choice conservatives have is whether they will be governed by the usual set of family law provisions relating to marriage, ...



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Monday, May 23, 2011

Miami Heat's big men deliver in the clutch - MiamiHerald.com

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Miami Heat's big men deliver in the clutch

MiamiHerald.com


Superstars abound, yes, but other than those 19 or so minutes that ended Game 1, this series has throwback written all over it. Scrums in the paint are common, hand-checking is encouraged, stare-downs come at least once a quarter, ...



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Friday, May 20, 2011

Unemployment rate falls in Allegheny, Beaver counties - Pittsburgh Business Times:

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and Industry released seasonally adjusted unemployment figures forthe state’es counties and metropolitan statistical areas on In Allegheny County, the unemployment rate fell from 6.6 percentt in March to 6.5 percent in Beaver County’s went from 8.2 perceny in March to 7.9 percent in The improvements in Allegheny and Beaver however, were not enougyh to boost the seven-county Pittsburgh MSA, which saw its seasonallhy adjusted unemployment rate increase from 7.2 percent in March to 7.3 percent in April. Pennsylvania’s unemployment rate held steadtat 7.8 percent.
When makinf comparisons, the Department of Labor and Industry uses seasonally adjusted figures in order to accounr for cyclical hiring differencesthat don’t reflect changes in the overall Employment in the seven-county Pittsburgh area continueas to be stronger than many othed areas. In addition to besting the state by half apercentaged point, unemployment in the Pittsburgj MSA is 1.6 percentage points lower than the Uniterd States as a whole, which has seasonall adjusted unemployment of 8.9 percent. Here is the breakdown across the state: State 5.7 percent Lebanon: 6.7 percent Altoona: 7.2 percent 7.3 percent Philadelphia: 7.9 percent York-Hanover: 7.
9 perceny Allentown-Bethlehem-Easton: 8.3 percent Erie: 8.4 percent Scranton-Wilkes-Barre: 8.6 perceng Johnstown: 8.7 percent Reading: 8.7 percent Within the Pittsburgh MSA, unemployment ranged from 6.5 percenyt in Allegheny Countyto 9.8 percenty in Armstrong County. Here is the breakdown by county: Allegheny: 6.5 perceng Butler: 7.3 percent Washington: 7.6 percent Beaver: 7.9 percent 8.1 percent Fayette: 8.9 percent 9.
8 percent

Wednesday, May 18, 2011

PERB chair Rystrom dies - Boston Business Journal:

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Rystrom was appointed by Gov. Arnold Schwarzenegger to the five-membet PERB board in August 2007. She becamwe chair in February 2009. The board enforceds collective bargaining laws that cover more than 2 millionbCalifornia public-sector employees. It also rules on challengexs to decisions issuedby PERB’e general counsel and administrative law judges. “Tiffany Rystromk capped a distinguished career by channeling her passiojn for the law intopublic service,” Schwarzenegger said in a statement following her death. “She raisee the bar on quality, integrity and consistency with the Rystrom entered the legal field afte six years in advertisingand marketing.
She started in 1977 as judiciall clerk in the California Courtgof Appeal. She went on to become deputg district attorney in Marin County before moving to the Office of the California Attorney General and intoprivate practice. She is survivedd by her long-time partner, California Labor CommissioneeAngela Bradstreet.

Friday, May 13, 2011

Editorial: Simi comes out smelling good in landfill deal - Ventura County Star

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Editorial: Simi comes out smelling good in landfill deal

Ventura County Star


The Simi Valley City Council made the right decision when it decided to accept a package of benefits worth as much as $100 million to the city in connection with the proposed expansion of the privately owned Simi Valley Landfill and Recycling Center. ...



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Wednesday, May 11, 2011

D.C., Marriott revive convention center hotel - Washington Business Journal:

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The hotel will be smaller than what had been plannex withonly 1,150 rooms -- about 300 fewer than planned -- but will requir e the same amount of publicf funding, according to sources close to the Mayor Adrian Fenty planzs to announce the deal at a pressz conference Sept. 24. D.C. had planned to provide $134 millionn in tax increment financing bonds fora 1,400-roo hotel expected to cost $500 million to but executives from RLJ Development, founded by BET founder Robert Johnson, said rising construction costas and a slowdown in the hotel market made that deal unworkable. That spawned new negotiations between Fentyand Marriott.
A compromisre to finance and build a smaller hotel comes witha room-block agreement that will give the the powert to control about 80 percent of the rooms, a poinrt the city fought for, according to those close to the The hotel will occupy two plots of land on the bloci across 9th Street NW from the convention center. One of the the former plumbersunion building, was purchase d by the District last year for $31 The other parcel is owned by Kingdon It will be transferred to the city in a landswal for a parcel at the site of the old convention cente r at 900 9th St. NW.
Sourcea say the land transfer should begin in a matter of weeks and that Marriottf will begin designing the new hotek and start the zoningprocess immediately. Construction is expecterd to start intwo years. Councilmember Kwame D-At large, chairman of the economic developmentr committee, said he was glad that the project wasmovingv forward. "Clearly that's one of the projectws that we needto move," Brown He said the added cost couls probably not have been avoided at this "We're doing this because the cost of construction has risen," he Members of the convention and touriskm industry, though proponents of a larger were pleased that the project had been "This is what our customers want and need to bring conventions to the city," said Lana Ostrander, directore of public relations and marketing for the conventiojn center.
"We're excited about it. There are a few fewer rooms, but we don'ty think that's significant. A lot of progress has been made in just a few Bill Hanbury, CEO of the Washingtobn Convention and Tourism Corp., said a hotel directluy accessible to the convention center woul give the city a needed boost in a competitivee convention-seeking market. "We're a very dynamic convention destinatiohn and building a headquarters whether itis 1,400 roomsx or 1,100 rooms, is a dramatic development and one that we're very happy about.
It will improvr our position withour clients," he

Monday, May 9, 2011

Aurora opening Summit clinic early - South Florida Business Journal:

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The Aurora Wilkinson Medical Clinic will open Octobetr 26 and will replac the current Aurora Wilkinson Medical Clinic at 915Summiyt Ave. in Oconomowoc, although urgent care services will continue to beofferedx there. The new clinic also will replace the AurorqaWilkinson Women’s Center and the Aurora Vision Center, both currently in The other Aurora Wilkinson Medical Clinifc locations – in Hartland, Dousman, Delafield, Wales and Waukesh a – will continue to serve patients. “Octobed 26 will represent the start of a new era in healthb care in this said Dr. David president of Aurora WilkinsonMedicapl Clinic.
“The opening of our new clinic and cancere center will move us closer to a full y integrated system of care for the people of westernhWaukesha County.” Meanwhile, the hospitalk part of the project remains on schedule to open in early Aurora officials said. The Wilkinsonn clinic will open at the same time as the new Vinces Lombardi Cancer Clinic on theSummit campus. The new Aurorza Medical Center campus in the Town of Summit is at the southeasty corner of Interstate 94 andHighway 67. The new Aurora Wilkinsojn Medical Clinic will be on the west side of the and the new Vince Lombardiu Cancer Clinic is on thesouth side.

Saturday, May 7, 2011

Salem-Keizer studying possible savings from eliminating athletics funding - Statesman Journal

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Salem-Keizer studying possible savings from eliminating athletics funding

Statesman Journal


The report was requested by the school board budget committee on Wednesday after citizen member Michael Bufalino raised the question and five other members supported studying the issue. “This is academics,” Bufalino told the board. ...



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Wednesday, May 4, 2011

Monday, May 2, 2011

Alaska Airlines to fly San Jose-Austin 'nerd bird' - Dayton Business Journal:

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A week after said it would cease theSan Jose-Austinj daily service that bore that nickname, said Mondah it will inaugurate daily service between the technology hubs startingy Sept. 2. The flights earned the nicknamde because they are usually filled withtech workers. The San Jose-Austi n route is a natural extensioh ofour network, providing a vitap link between two high-tech hubs,” said Andrew Harrison, Alaska vice president of planning and revenue management. “We are excited to offer this new markety toour customers.” The new flightg will depart San Jose at 8:55 a.m. Pacific time and arrived at Austin-Bergstrom International Airportat 2:15 p.m. Central time.
The return flight will depary Austin at3 p.m. Central time and arriv e in San Joseat 4:40 p.m. Pacific The flight will originatein Portland, Ore. An Alaska Airlines jet will replac e one of five existing Horizon Air flights between Portlanr andSan Jose, increasing capacit in the market. The Alaskas flight will depart Portlandat 6:20 a.m. Pacifi c time and arrive in San Joseat 8:10 a.m. Pacifiv time. The return flight will depart San Joseat 5:25 p.m. and arrive in Portland at 7:10 p.m.
Alaska Airlines will operatre the flights withBoeing 737-800s, accommodatingv 16 passengers in first class and 141 in the main Alaska Airlines and Horizom Air, subsidiaries of Alaska Air Group (NYSE:ALK), together servd more than 90 cities through an expansive network in Alaska, the Lowef 48, Hawaii, Canada and