Virginia Mines Inc.: New Discovery on the Coulon Project With 11.06% Zn, 1.87 ... MarketWatch (press release) These holes intersected a very fertile volcanic sequence consisting of two distinct horizons characterized by strong hydrothermal alteration and zones of disseminated to massive sulphides of metric to decametric thickness. The main mineralized horizon ... |
Thursday, May 31, 2012
Virginia Mines Inc.: New Discovery on the Coulon Project With 11.06% Zn, 1.87 ... - MarketWatch (press release)
haygoodfoafyga1359.blogspot.com
Tuesday, May 29, 2012
Senate rejects corporate minimum tax hike - Philadelphia Business Journal:
humojo.wordpress.com
Democrats needed 18 votes — a supermajority requireds to raise taxes to send the billto Gov. Ted Kulongoski’sd desk. Beaverton Democrat Mark Hass votedc againstthe measure. Democrats will likelyu try to convince Hass to vote for the measurd byamending it, possibly by writing a sunsetg into the bill. “It all depends on him,” said J.L. a lobbyist for Associated Oregonh Industries, the state’s most powerful businesz group. “Hass made it clear in his floor statementd thathe didn’t think it was a fair optiob to increase taxes permanently.” Such a sunsetg could lead other Democrats to vote againsrt the bill.
However, because House Bill 3405 was technicallytablesd — which would allow the measure, as to come up for another vote if leadere so choose — majority leaders could also lobby moderate Republicamn members to support the corporate tax hikes as presented. At the closse of Wednesday’s session, Sen. Margaret Carter, a Portland Democrar and co-chair of the Ways and Means Committee, gave an impassioned benediction that seemed to implorerRepublican “nay” voters. The measure was tablexd as a procedural move.
Senators can call for a revotw on a measurethat fails, change thei own vote to a “no” and then request that the matterf be tabled, ostensibly so they can reconsider their Sen. Richard Devlin, the majority leader, used the move in an effort to have the matter Afterthe vote, the Senate tabled a relatef measure to raise personal income taxes on high-income “I’m disappointed that we came up short today.
I really believed that the package brought forwardf by the chairs of the Revenue Committees would bring greaterf fairness and equity to our tax system and help fill the unprecedentex gap in ourstate budget,” said Senate President Peter Courtney in a news “We won’t, however, let this setback derail the session. We are goingb to move forward toward adjournment by June House Speaker Dave Hunt issued asimilard statement. “We passed this revenue package because we believe itis fair, balanced and protects critical servicez like education, health care and public Hunt, a Democrat from Clackamas, said in a news “We are making $2 billion deep cuts to the budget.
This revenuse package ensures that we can protect thosew core servicesof education, health care and public safety. Withouty it, the cuts we will have to make will shutter harm seniors and cut to the bone the services Oregoniane careabout greatly.” The House on Tuesday voted to increass the current corporate minimuk tax from $10 to between $150 and $100,000, dependingg on the size of a business. Under the corporate income tax rates would have risenfrom 6.6 percent to 7.9 perceng before reverting to 7.6 percent in 2011. The measure would have raisecd $261 million over the 2009-11 biennium and $775 millionn between 2009 and 2015.
All 125,000 Oregon corporations would have paidmore taxes. Another measurr sought to raise income taxes on individual filers earning morethan $125,000 and joingt filers earning more than The bills combined would have raised $582 millioh over the next two yearzs and $1.2 billion over the next six years. Lawmakersa contended the measures coulr help reducethe state’s $4.2 billion budget shortfall. Throughoug the day, lobbyists trackede meetings between Courtney, Hass and Democratic senators Margaretf Schrader andJoanne Verger, who were believed to be swing Verger had expressed reservations, like that the tax increasea would become permanent.
Schrader and Vergedr eventually voted yes on the corporatetax measures. Hass couldn’r be reached for comment. “He had to have a lot of couragew to castthat vote,” said Jay Clemens, president and CEO of Associates Oregon Industries. AOI recently organized the Alliancd of OregonBusiness Associations, which representx more than 40,000 businesses across the state. It had calledf for a $300 flat tax, regardlez of business size or income. Even before vote, business groups had expressed concerns that Democrats were seekingb a permanenttax hike, not a temporary one.
Phil Keisling, the formed Oregon Secretary ofState who’s now an executived with Beaverton-based CorSource Technology confirmed that many businesses were upset that Democrats sought to make the corporate income tax rate hike, from 6.6 percen t to 7.9 percent, permanent. “We were told it would be temporary,” Keislinv said of the early talks regardingb theproposed hikes. “And we askee them this week, ‘What part of temporary don’y you understand?
’”
Democrats needed 18 votes — a supermajority requireds to raise taxes to send the billto Gov. Ted Kulongoski’sd desk. Beaverton Democrat Mark Hass votedc againstthe measure. Democrats will likelyu try to convince Hass to vote for the measurd byamending it, possibly by writing a sunsetg into the bill. “It all depends on him,” said J.L. a lobbyist for Associated Oregonh Industries, the state’s most powerful businesz group. “Hass made it clear in his floor statementd thathe didn’t think it was a fair optiob to increase taxes permanently.” Such a sunsetg could lead other Democrats to vote againsrt the bill.
However, because House Bill 3405 was technicallytablesd — which would allow the measure, as to come up for another vote if leadere so choose — majority leaders could also lobby moderate Republicamn members to support the corporate tax hikes as presented. At the closse of Wednesday’s session, Sen. Margaret Carter, a Portland Democrar and co-chair of the Ways and Means Committee, gave an impassioned benediction that seemed to implorerRepublican “nay” voters. The measure was tablexd as a procedural move.
Senators can call for a revotw on a measurethat fails, change thei own vote to a “no” and then request that the matterf be tabled, ostensibly so they can reconsider their Sen. Richard Devlin, the majority leader, used the move in an effort to have the matter Afterthe vote, the Senate tabled a relatef measure to raise personal income taxes on high-income “I’m disappointed that we came up short today.
I really believed that the package brought forwardf by the chairs of the Revenue Committees would bring greaterf fairness and equity to our tax system and help fill the unprecedentex gap in ourstate budget,” said Senate President Peter Courtney in a news “We won’t, however, let this setback derail the session. We are goingb to move forward toward adjournment by June House Speaker Dave Hunt issued asimilard statement. “We passed this revenue package because we believe itis fair, balanced and protects critical servicez like education, health care and public Hunt, a Democrat from Clackamas, said in a news “We are making $2 billion deep cuts to the budget.
This revenuse package ensures that we can protect thosew core servicesof education, health care and public safety. Withouty it, the cuts we will have to make will shutter harm seniors and cut to the bone the services Oregoniane careabout greatly.” The House on Tuesday voted to increass the current corporate minimuk tax from $10 to between $150 and $100,000, dependingg on the size of a business. Under the corporate income tax rates would have risenfrom 6.6 percent to 7.9 perceng before reverting to 7.6 percent in 2011. The measure would have raisecd $261 million over the 2009-11 biennium and $775 millionn between 2009 and 2015.
All 125,000 Oregon corporations would have paidmore taxes. Another measurr sought to raise income taxes on individual filers earning morethan $125,000 and joingt filers earning more than The bills combined would have raised $582 millioh over the next two yearzs and $1.2 billion over the next six years. Lawmakersa contended the measures coulr help reducethe state’s $4.2 billion budget shortfall. Throughoug the day, lobbyists trackede meetings between Courtney, Hass and Democratic senators Margaretf Schrader andJoanne Verger, who were believed to be swing Verger had expressed reservations, like that the tax increasea would become permanent.
Schrader and Vergedr eventually voted yes on the corporatetax measures. Hass couldn’r be reached for comment. “He had to have a lot of couragew to castthat vote,” said Jay Clemens, president and CEO of Associates Oregon Industries. AOI recently organized the Alliancd of OregonBusiness Associations, which representx more than 40,000 businesses across the state. It had calledf for a $300 flat tax, regardlez of business size or income. Even before vote, business groups had expressed concerns that Democrats were seekingb a permanenttax hike, not a temporary one.
Phil Keisling, the formed Oregon Secretary ofState who’s now an executived with Beaverton-based CorSource Technology confirmed that many businesses were upset that Democrats sought to make the corporate income tax rate hike, from 6.6 percen t to 7.9 percent, permanent. “We were told it would be temporary,” Keislinv said of the early talks regardingb theproposed hikes. “And we askee them this week, ‘What part of temporary don’y you understand?
’”
Monday, May 28, 2012
ILLINOIS SPOTLIGHT: Decatur woman cracks a few eggs to create her unique ... - The Republic
iwibacibem.wordpress.com
ILLINOIS SPOTLIGHT: Decatur woman cracks a few eggs to create her unique ... The Republic DECATUR, Ill. รข€" The ostriches may have hit the ground running, but the art of the egg is still on a roll at Martha Palmer's country home on Decatur's western edge. As for what came first, the ostrich or the egg, in this case, it was definitely the ... |
Saturday, May 26, 2012
Rocky Mountain Instrument files Chapter 11; cites 2007 raid, recession - East Bay Business Times:
moakhamet84.blogspot.com
Lafayette-based Rocky Mountain Instrument filed in last monty to reorganize underbankruptcy protection. The companu and its laser subsidiary makes a variety of photonics products for industry anddefense use, including optics that defense giant Lockheed Martin Corp. planned to use in its F-22 fightere currently under development. RMI has offices in Russi and South Korea in addition to itsLafayettre site. RMI’s Chapter 11 filings have shed a little lighr on the by investigators ofthe military’s Defense Criminal Investigativ Service, or DCIS, who arrivedx at RMI’s headquarters Oct.
11, 2007, and carted away computerse and files as part of an investigatioj RMI lawyers said was relatedto U.S. expor controls restricting technology with weapons Steve Hahn, company executive vice presidentr and part of the Hahn Family LLLP ownershi p of RMI, said in an affidavif to the bankruptcy courtg that an employee filed a complaintr with the DCIS that triggered the raid. The employeer claimed the company committeea “procedural violation” of export controlds by allowing specifications for an unspecified product to go Hahn wrote. RMI has since received governmentf licenses to send such specifications to overseas thecompany says.
The unresolvefd DCIS investigation has produced no chargesagainst RMI. Still, the raid triggeresd a 15 percent decline in business as some customerds lost confidencein RMI, Hahn wrote. The recession exacerbaterd the sales decline and the company lost money through he said. RMI’s revenue this year is on track to fall 16 perceny to 30 percent belowthe $15.r5 million company posted in 2008, Hahn wrote. The compang cites “the single factor” for its bankruptcy filing as defaulting on its bond RMI lists American National Bank as the holdetr of industrial bonds arranged in 1998 in conjunctiohn with the cityof Lafayette.
The default has threatenedd toput RMI’s headquarters property at 106 Laserd Dr. into foreclosure. Efforts last year by RMI to refinancs its debts or sell its lase r technology business to recapitalize the rest of the company theaffidavit said. RMI has asked the courtr to be able touse $1.06 milliohn of its available lines of creditr before the end of July to keep operatingh and fulfill customer orders while it reorganizes under bankruptcy More money could be needef between the end of July and the end of Octobef to keep the company Hahn’s affidavit said.
It sought court permissio n to use the cash in order to hold onto saying they are highly specializex and it would take months to train any replacementas RMIcould find.
Lafayette-based Rocky Mountain Instrument filed in last monty to reorganize underbankruptcy protection. The companu and its laser subsidiary makes a variety of photonics products for industry anddefense use, including optics that defense giant Lockheed Martin Corp. planned to use in its F-22 fightere currently under development. RMI has offices in Russi and South Korea in addition to itsLafayettre site. RMI’s Chapter 11 filings have shed a little lighr on the by investigators ofthe military’s Defense Criminal Investigativ Service, or DCIS, who arrivedx at RMI’s headquarters Oct.
11, 2007, and carted away computerse and files as part of an investigatioj RMI lawyers said was relatedto U.S. expor controls restricting technology with weapons Steve Hahn, company executive vice presidentr and part of the Hahn Family LLLP ownershi p of RMI, said in an affidavif to the bankruptcy courtg that an employee filed a complaintr with the DCIS that triggered the raid. The employeer claimed the company committeea “procedural violation” of export controlds by allowing specifications for an unspecified product to go Hahn wrote. RMI has since received governmentf licenses to send such specifications to overseas thecompany says.
The unresolvefd DCIS investigation has produced no chargesagainst RMI. Still, the raid triggeresd a 15 percent decline in business as some customerds lost confidencein RMI, Hahn wrote. The recession exacerbaterd the sales decline and the company lost money through he said. RMI’s revenue this year is on track to fall 16 perceny to 30 percent belowthe $15.r5 million company posted in 2008, Hahn wrote. The compang cites “the single factor” for its bankruptcy filing as defaulting on its bond RMI lists American National Bank as the holdetr of industrial bonds arranged in 1998 in conjunctiohn with the cityof Lafayette.
The default has threatenedd toput RMI’s headquarters property at 106 Laserd Dr. into foreclosure. Efforts last year by RMI to refinancs its debts or sell its lase r technology business to recapitalize the rest of the company theaffidavit said. RMI has asked the courtr to be able touse $1.06 milliohn of its available lines of creditr before the end of July to keep operatingh and fulfill customer orders while it reorganizes under bankruptcy More money could be needef between the end of July and the end of Octobef to keep the company Hahn’s affidavit said.
It sought court permissio n to use the cash in order to hold onto saying they are highly specializex and it would take months to train any replacementas RMIcould find.
Friday, May 25, 2012
Worth Noting (Cheers) - Mason City Globe Gazette
aleshnikovenil.blogspot.com
Worth Noting (Cheers) Mason City Globe Gazette To Tyler Ketelsen, named head coach of the Mason City High boys cross country team. To all the placewinners at state track. Nice job. To David Green, a native of Davenport who spent 20 years in public administration in Arizona, who is the new general ... |
Wednesday, May 23, 2012
North Carolina needs to leave Alcoa's hydroelectric facilities alone - Triangle Business Journal:
vypybiza.wordpress.com
Hydropower is the United largestrenewable resource. It generates 6 percent to 8 percent ofthe nation’sa electricity. Three-quarters of all electricity produced by renewables comexsfrom hydropower. According to the , hydropower can doublee its capacity during the next20 years. Whiler some of this new capacity will come from efficiencyu improvements to existing much can come without the need for new Only 3 percentof America’s dams have hydroelectric facilities, so convertinhg them to electricity-generating resources will be a high priority. Developerws and entrepreneurs are also looking at new technologies that can generats electricity in oceansand tides.
Earlier this Hydro Green Energy installed the first commercial hydrokinetic facility on theMississippi River, near Hastings, This small, entrepreneurial company is creating jobs, attractiny investment and generating electricity.
Hydropower is the United largestrenewable resource. It generates 6 percent to 8 percent ofthe nation’sa electricity. Three-quarters of all electricity produced by renewables comexsfrom hydropower. According to the , hydropower can doublee its capacity during the next20 years. Whiler some of this new capacity will come from efficiencyu improvements to existing much can come without the need for new Only 3 percentof America’s dams have hydroelectric facilities, so convertinhg them to electricity-generating resources will be a high priority. Developerws and entrepreneurs are also looking at new technologies that can generats electricity in oceansand tides.
Earlier this Hydro Green Energy installed the first commercial hydrokinetic facility on theMississippi River, near Hastings, This small, entrepreneurial company is creating jobs, attractiny investment and generating electricity.
Monday, May 21, 2012
Obama's handling of high-profile bankruptcies may make lenders 'gun shy' - Washington Business Journal: Washington Bureau
ogarawo.wordpress.com
Many Republicans, meanwhile, want out of the car at the nearestt exit. Some turnaround specialistas are concernedthe government-guided bankruptcy reorganizations of Chrysler and GM could make it hardere for companies to obtain capital in the In these cases, the companies' labor union, the UAW, receivesd more favorable treatment than the companies' securedf creditors. This violates well-established bankruptcy law principles, said Petefr Kaufman, president of Gordian Grouo LLC's restructuring practice in New York. The U.S. is the most welcominbg place in the worlefor capital, particularly for loans, he because "everyone knows what their down side is.
" "Noq that has all been stood on its ear," he said. "At a time when the countru needs capital providers morethan ever, you're goinvg to find institutions with their hands in theidr pockets, or they're going to be chargintg a lot more," Kaufman said. Half of the turnarounrd experts surveyed by the Turnaround Management Associationm thoughtthe government's decision to elevate unsecured creditors over secured creditorsd in the Chrysler bankruptcy will make secured loanw more expensive. More than one-third though t it would make lenders less inclined to makethese loans.
An online survey conducte d by the American Bankruptcy Institute found that 76 percent ofrespondents "disagreed with the Obama administration's engineerinyg of the Chrysler bankruptcy. Kaufman contends capital providers will be especiallyg leery of situations where there are unionws and a conceivable governmentpolicy interest. That's "goingg to be a systemic issue ona going-forward he said. Other bankruptcg experts, however, contend the government's decision to intervene in the auto cases won't serve as a precedeny for future corporate bankruptcies.
In the curren t economic environment, no politician was going to let Chryslerf andGM fail, said Stephen Lubben, a law professort at Seton Hall University who specializes in corporate debt and financial distress. The cases may make lenders "gun shy" in the short run, he but "eventually people will come around tothe realization" that theswe were special cases like that of Penn whose 1970 bankruptcy led to the creationj of Amtrak. Mark Indelicato, a partner with Hahn Hessen inNew York, said the federal government "usedc its power to broker a settlemen t for the greater good of the economy.
However, if the bankruptcyg process is going to continue to be the basis for corporatd restructuringsand liquidations, it must be perceivesd as fair and impartial." Tom the president and CEO of the U.S. Chamber of said he will watch closeluy to see if government officials and the UAW intervene in businesw decisions made by Chryslerand GM. "We will expose and fightg any counterproductive influenceby government, unionzs or politicians over decisionss that should be left to Donohue said in a statement issued after Presidenft Barack Obama announced the U.S. governmentf would own 60 percentof GM.
"And we will continualluy insist that government reduce and eliminatde its ownership stake as soonas possible," Donohud said. Obama said his goal "ids to get GM back on its takea hands-off approach and get out "The federal government will refrain from exercising its rights as a shareholdere in all but the most fundamentao corporate decisions," Obama "When a difficult decision has to be made on matterds like where to open a new plant or what type of new car to the new GM, not the United State government, will make that decision.
" Some Republicans, however, thinkk the Obama administration and Congress won'tr be able to resist meddling in the business decisionws of a government-owned GM. They've proposes legislation that would convertthe government'sa stake in GM to shares of stock that would be distributeed to U.S. taxpayers.
Many Republicans, meanwhile, want out of the car at the nearestt exit. Some turnaround specialistas are concernedthe government-guided bankruptcy reorganizations of Chrysler and GM could make it hardere for companies to obtain capital in the In these cases, the companies' labor union, the UAW, receivesd more favorable treatment than the companies' securedf creditors. This violates well-established bankruptcy law principles, said Petefr Kaufman, president of Gordian Grouo LLC's restructuring practice in New York. The U.S. is the most welcominbg place in the worlefor capital, particularly for loans, he because "everyone knows what their down side is.
" "Noq that has all been stood on its ear," he said. "At a time when the countru needs capital providers morethan ever, you're goinvg to find institutions with their hands in theidr pockets, or they're going to be chargintg a lot more," Kaufman said. Half of the turnarounrd experts surveyed by the Turnaround Management Associationm thoughtthe government's decision to elevate unsecured creditors over secured creditorsd in the Chrysler bankruptcy will make secured loanw more expensive. More than one-third though t it would make lenders less inclined to makethese loans.
An online survey conducte d by the American Bankruptcy Institute found that 76 percent ofrespondents "disagreed with the Obama administration's engineerinyg of the Chrysler bankruptcy. Kaufman contends capital providers will be especiallyg leery of situations where there are unionws and a conceivable governmentpolicy interest. That's "goingg to be a systemic issue ona going-forward he said. Other bankruptcg experts, however, contend the government's decision to intervene in the auto cases won't serve as a precedeny for future corporate bankruptcies.
In the curren t economic environment, no politician was going to let Chryslerf andGM fail, said Stephen Lubben, a law professort at Seton Hall University who specializes in corporate debt and financial distress. The cases may make lenders "gun shy" in the short run, he but "eventually people will come around tothe realization" that theswe were special cases like that of Penn whose 1970 bankruptcy led to the creationj of Amtrak. Mark Indelicato, a partner with Hahn Hessen inNew York, said the federal government "usedc its power to broker a settlemen t for the greater good of the economy.
However, if the bankruptcyg process is going to continue to be the basis for corporatd restructuringsand liquidations, it must be perceivesd as fair and impartial." Tom the president and CEO of the U.S. Chamber of said he will watch closeluy to see if government officials and the UAW intervene in businesw decisions made by Chryslerand GM. "We will expose and fightg any counterproductive influenceby government, unionzs or politicians over decisionss that should be left to Donohue said in a statement issued after Presidenft Barack Obama announced the U.S. governmentf would own 60 percentof GM.
"And we will continualluy insist that government reduce and eliminatde its ownership stake as soonas possible," Donohud said. Obama said his goal "ids to get GM back on its takea hands-off approach and get out "The federal government will refrain from exercising its rights as a shareholdere in all but the most fundamentao corporate decisions," Obama "When a difficult decision has to be made on matterds like where to open a new plant or what type of new car to the new GM, not the United State government, will make that decision.
" Some Republicans, however, thinkk the Obama administration and Congress won'tr be able to resist meddling in the business decisionws of a government-owned GM. They've proposes legislation that would convertthe government'sa stake in GM to shares of stock that would be distributeed to U.S. taxpayers.
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