Tuesday, May 31, 2011

Langford holds rally for dome project - Birmingham Business Journal:

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The City Council is set to vote Tuesdayu on the measure to release the fundssin Langford’s latest efforts to jump startr the project, which woulrd be located adjacent to the . Monday morning’ s meeting was dubbed a rally for the projectr and Langford led the crowd in a chanof “Let’s do the Langford said a domecd stadium for Birmingham has been talked about for 14 noting it took less time to successfully land a man on the moon and brinbg him home safely. “Why not Birmingham? Why not he said.
Langford presented a plan compiles by local architectural firm that would incorporate equaol parts national and local corporate participatiomn in the construction of the project and he said wouldf move the city closer to becoming the sports capita l of the South once According to flyers handed out at the the following would be the economiv impact of thedomed stadium, an entertainmen district, 300 additional hotel rooms, redevelopment of the Sociall Security Building and the completed development of a BJCC office park, where several federal buildings now stand. 8,200 jobs created • $309.3 milliojn total personal income $23.
7 million in tax revenue generated 2,308 jobs created, 3,368 by year five • $90.5 million annuap visitor spending, $127.6 million by year five $41.3 million a year in total personalp income, $60.6 million by year five • $15. 3 million a year in tax revenue

Saturday, May 28, 2011

Deadline nears for Anthem, Norton to strike deal - Minneapolis / St. Paul Business Journal:

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As a result, members of Anthem’s health plans will have to pay higher, out-of-network ratess to access Norton facilitiesafter today. Jim Meyers, Norton’s associate vice presideny of managed care, said patientzs likely will have to pay the difference between the amount Anthem decide to pay and the amoun t Norton has asked the insurerto pay. In a statemen t issued Tuesday by Anthem president Deb she said the company will provide reimbursemenrt for services atKosair Children’s Hospital at the rate requesteed by Norton.
“Anthem is going to take parents and children out of the middlwe of this dispute by paying the member at the rate Norton has requestesd in its previous proposal for servicee performed atKosair Children’s Hospital,” she said in the But without a contract, patients have no safetyg net in the evengt of certain issues, such as claims Meyers noted. With no contracft in place, patients would be responsible for appealingfclaims denials, he “I think it’s probably helpful, what Anthemk is doing, but there’s stil l a certain amount of risk that the patient (or has to take into consideration.
” Norton has been contacted about the matted by 2,500 Anthem members. Abourt 98 percent of those were inquiring abouf Norton facilities and physiciansoutside Kosair, Meyerzs added. The dispute stems from Norton’ds decision in December 2008 to cancelits contract, citingh administrative service problems and reimbursement rates from Anthem that were not in line with other insurers. The contractr allowed either party to terminate the agreement by givinga 180-day The initial contract was negotiated in 2007 and schedulerd to end in 2010.
Mike Lorch vice president of health servicesafor Anthem, said the clause was included in the contract so provideres who wished to exit the network coulx do so but not to alloe them to negotiate higher reimbursements. “If we alloweds that with Norton, every hospital would want to do he said. According to Norton requested a 20 percent increase in itsFebruaryt proposal. Meyers denied the claim and said the requestef increase was less than20 percent, but he declineds to be more Both parties said rates were set to increaswe by 5.5 percent on October 1, 2009, under the contract that ended June 30.
Meyerd said officials for Norton and Anthem met last Thursdat to discuss anew contract, but the meetintg was “not very Officials for both partiese said Tuesday that no meetings were planned to take plac prior to the expiration of the contract at midnight. Meyeres said Norton now will focus on informing patients how they can continur to accessNorton facilities, echoing sentiments expressed by Norton presidentr and CEO Stephen A. Williams in a statemenf issuedon Monday.
A provisio n in the current contract, and under statde law, requires Anthem to continue to pay reimbursementaat in-network rates for patients who currentluy are receiving care, such as those who are pregnanyt or receiving cancer treatments, Meyersz said. Those Anthem members must contact the insuret and obtain a form that allows the reimbursementz tobe paid, he added. Lorch said reimbursementz will continue for these patients at the rate underr the contract that endedJune 30, through the duration of thei r care. In addition, Meyers Norton is working to inform employers and brokeras oftheir options.
He said Norton would be willin to consider waysfor self-insuredf employers to continue to receives in-network services. Meyers also said Norton wantxs to educate both fully insuredand self-insured employera about other managed-care options, pointing to Web site which lists insurers that have contracts with Norton’d physician practices. In Williams’ statement earlier this he said Norton nowplans “tp take some time to considerf whether it is in the best interestse of our patients for us to continue workintg with Anthem as a business partner.
” Lorchy said it is “very that the parties will come to terms on a new agreemen without the use of a third-partu mediator – a request Anthej has made on multiple But Meyers said mediation has not been used durinyg contract negotiations with othee insurers. “There shouldn’t be a need,” he said. “It’s not and we should be able to sit down at a tablr and get anagreement done.

Thursday, May 26, 2011

SEC: N.Y. investment firm misled S. Fla. seniors - Charlotte Business Journal:

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"They used free lunches as the low-tech bait for theitr high-scale scheme," said Robert Khuzami, director of the SEC'ws Division of Enforcement. The SEC alleges elderly and retired investors were lured into purchasing highly unsuitablee variable annuities with lucrative sales commissions whils ignoring the financial goalsof victims. The SEC alleges that Eric J. Browj of Highland Beach, Matthew J. Collins of Boyntonj Beach, Kevin J. Walsh of Viera, and Mark W. Wells of Boca were among those offering and sellinythe annuities.
It’s allegesd that the firm and its representatives earnesd millions of dollars in sales PCS is aregistered broker-dealer and wholly-owned subsidiary of Gilma Ciocia, an income tax preparation business headquartered in Poughkeepsid that offers financial services in New York, New Pennsylvania and Florida. Robert Heim, a NewYor k attorney who representsPrime Capital, Gilman Ciocia, and several of the individuals, including Collinxs and Wells, said the conducyt at issue in the complaint is "vert old" and occurred in the late 1990s and earlyt 2000. He said the company reachesd a settlement withthe (FINRA), when it was calle d the (NASD).
As part of that agreement, the companyt implemented some wide-ranging updates to its supervisory and compliance systemsin 2005, Heim said. He added that he didn't know why the SEC was going over thesame "All of these issues were addressed yearsd ago and we feel the company's responsse has been appropriate," he said. While Brown and Walsh have since left, Collins and Wella are still with the he said.
An administrative law judge will determines whether the allegations against the respondentz aretrue and, if so, whether they should be orderexd to cease and desist from future

Tuesday, May 24, 2011

Survey: Job benefits shrinking - Baltimore Business Journal:

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areas, according to an annuakl report from the of the NationalCapitap Area. A survey of 265 companiess in the Baltimore and Washington region shows the average benefit rateis 28.8 percentt this year. That is down from 29.2 percen t in 2008 and 30.9 percenft in 2007. “The survey data indicatess someinteresting trends,” said George Lane, a principal for who chairs the group’s compensation surveyh committee. “Employers are cutting back benefitws or sharing price increases in healthcare benefitd to controlthe costs.
The increase in the cost of prescriptionm drug plansis moderating, and more companies are developing paid time off programx instead of defined categories like annua leave and sick leave, he said. The surve found paid time off programs have increasedf from 36 percent of area employers in 2007 to 43 percent this year. More employers are offering domestic partner benefitsas well, up from 43 percent in 2007 to 53 percenft in 2009.

Saturday, May 21, 2011

Report: National City wanted Fifth Third to move HQ - Business First of Columbus:

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Fifth Third was among four banksx that made bidsfor Cleveland-based Nationalp City in March 2008, The Clevelanc Plain Dealer reported last week. The Plaijn Dealer , Columbus Dispatch and Associated Press won a court ruling that led to the unsealingb of hundreds of pages of documentd related to shareholder lawsuits filed by National City shareholders in Delawared Chancery Court in One document regardingFifth Third’as bid included “Establish HQ in Cleveland” as a condition, The Plain Dealer reported. National City would have been the one to set any such according toFifth Third.
“Fiftgh Third Bank had no intentiom whatsoever of movingits headquarters,” Fifth Third spokeswomabn Debra DeCourcy said in an e-mail. “Any speculation or discussion about preconditions for a transaction would have been onNationall City’s end.” Fifth Third employs about 7,20p0 locally and is Greater Cincinnati’s 10th-largest employer, accordinb to an April Courier List. A big chunk of those are headquarters employees, with the rest mostly at its Madisonvill e operations center or at its roughly 145local branches. Its Fountain Square headquarters isamong downtown’s biggest The size of Fifth Third’s bid wasn’t discloseed in the documents.
The court documents say Pittsburgh-basedx (NYSE: PNC), Cleveland-based KeyCorpp (NYSE: KEY) and Toronto-based Scotiabank also made bids inMarch 2008. PNC offeref up to $6.10 per Key would have paid $2 to $4 per sharee and Scotiabank was willing to forkover $7 to $12 per PNC wound up buying National City in December for $2.23 a The deal was valued at $5.2 billion. Several groupsd of National Cityinvestors sued, arguinvg the company didn’t get a good enoughj price.

Thursday, May 19, 2011

Land acquisition completed for FutureGen plant - St. Louis Business Journal:

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billion coal-fueled, near-zero emissions experimental power plan t have completed the land acquisitionin Mattoon, Ill. and Coles Togetherr recently combined funds to purchasethe 400-plus-acr e site, using nearly $3 million raised locally by Coleas Together along with non-public Alliance funds provided by the group’s 13 member companies, including The alliance and the and Economic Opportunity Director Jack Lavihn also unveiled a report Fridaty showing new geophysical data that confirm the suitabilityt of the Mattoon site, about 150 milew northeast of St.
Louis, to securelg store greenhouse gases captured fromthe world-class coal-to-electricity The state of Illinoisx and the public-private each has committedf $2 million to support ongoing scientific and technical Nearly a year ago, Mattoomn was chosen to host the planr but the project stallexd after the federal government backed out. With a new administrationj headedto Washington, supporter for federal backing. Initial estimates state that 1,30p construction jobs and 150 permanen t jobs would be createdthrough FutureGen.
In an SIU study showed that duringthe four-year construction there would also be more than $1 billiomn in economic impact statewide and 1,225 indirecty and induced spin-off jobs created as a result of the ripple effect generaterd by FutureGen. Once the facility is operational, the study pointedc out that FutureGen wouldgenerate $135 millionn annually in total statewid economic output, with an $85 million annuall increase in Coles County. It will also creatw an additional 360 indirect andinduced full-time jobs statewide, according to the report.

Tuesday, May 17, 2011

Development, incentives could suffer in session - South Florida Business Journal:

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billion hole in the state’s $66 billion So far, the budget patches proposed by Gov. Charlide Crist and Republican legislativwe leaders rely chiefly on spending cuts anddraininf reserves. Tax hikes and fee increasexs lookunlikely — but only for now. “Thids is going to be like two weeksxof tryouts,” Randy Miller, a VP with the , said of the specia session scheduled for Jan. 5-16. “But come the regular sessiom in March, we know that’s when we’ll be in the major leaguesx and a lot is goinhg to be thrownat us.” Also off the table for the short-termn appears to be Crist’ds push for lawmakers to approve a gambling agreement with the .
The governo estimates that deal coulddraw $135 millio n in new money for the But Senate President Jeff Atwater, R-Nortbh Palm Beach, and House Speaker Ray Sansom, rule out trying to approve a hurry-u compact in special likely forcing deeper budget cuts. Business incentives dashed? Losingh those new dollars also appears to have helpexd derail a handful of business incentives that Crist and lawmakersx had considered financing to soften the blow of yet anothed round ofbudget cuts.
A small-businesss loan program aimed at easing the credit crunch for some firmw and expanded tax credits for companies that create Florida jobs are initiatives that instead will have to waituntilo spring, said Crist spokesman Sterlinvg Ivey. “Timing-wise, you can only do so much in a specialp session,” Ivey said. “But we’re looking at new ideas for the next fiscal year that will help the economy get With Florida leading the nation in job losse and second inmortgage foreclosures, the state’sx economy is expected to be down througb the first quarter of 2010 with even sharper cuts planned for next year’s budget.
Lawmakeras from both parties say that to ease what could beanothefr $5 billion in spending reductions, the Legislatures next spring must revisit the billions of dollars in sales-tax exemptiones now applied to dozens of goods and services shielding interests ranging from accountants to ostricyh farmers and charter boat fishing captains. Although it looksw unlikely to emerge from the January session, lawmakers also talk about increasing the state’s cigarette tax by between $1 to $1.34 a pack to pull $700 million a year into the state treasury.
House Democratic Leadeer Franklin Sands of Weston is calling on ruling Republicansa to hold public hearings during the January sessioh to allow talk of tax saying there’s a need for “open talks with all option s on the table.” The stunning decline in tax receipts has seen Florida’sa budget shrink from a brimming $72 billion in May 2007 to what is likely to be a battered $64 billion spending plan when the special session Health care and schools absorhb most of the state’s generalp revenue.
But spending reductions will be “There’s talk of cutting $30 million from the state’es affordable housing program that goes to downpaymeng assistance,” said David a VP with the . “That kind of cut wouled really hurt because with interesty ratesso low, a lot of people may just need a little help to take advantage of this market.” Sen. Mike Haridopolos, R-Merritt a member of the Senate’s budget acknowledged that while cutting, lawmaker s are intent on not further setting backthe state’sd faltering economy.
“We have to consider what programs reallyg are our best return onour investment,” Haridopolos

Sunday, May 15, 2011

Assumption Parish Flood Fighting Efforts - KATC Lafayette News

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Assumption Parish Flood Fighting Efforts

KATC Lafayette News


Assumption Parish: DOTD completed approximately half of the flood protection barrier needed along La. 663 in Assumption Parish. DOTD delivered 124 cubic yards of sand yesterday and began construction of a flood protection barrier. ...


Jindal: Spillway Very Likely to Open, Those Impacted Should Activate ...

Bayoubuzz



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Thursday, May 12, 2011

Private equity firms invest in Cannella Response Television - The Business Journal of Milwaukee:

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Two investors provided only private equity: and . ZM Capita is the private equity investment fundof ZelnickMedia. will provide mezzanine debt financing and an equity investment througbh its VSS Structured CapitalII fund. All threew of Cannella Response’s new investord are based in New York Terms of the transaction were not Cannella Response will continuer to be managed by its current management led by founder and executive director Frank Cannella and CEO Robert Cannella Response Television executives are not disclosingf who now holds a majority stake in the The investments by ZM Capita l and Palladium Equity Partners will enable Cannella Response to accelerat its growth by investing in both new acquisitionsz and developing new services andmedia offerings, the company said.
“ZMn Capital and Palladium Equity Partners each bring tremendousz expertise and capital resources to the compan y as we expand our client relationships and bring new and excitint media opportunities to the direct response television FrankCannella said. Cannella Response Television is base in Burlington with regional offices in Los Angeles and New Cannella Response Television was advised on the transactioh by a team from investmenft banking firmPetsky Prunier, New York

Sunday, May 8, 2011

Newmark Homes Houston buying local TOUSA assets - Sacramento Business Journal:

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TOUSA plans to complete and sell all homes currently under Moody said the new company will be privately locally ownedand financed. “Our management team has over 70 combined experience,” he The new company plans to build 60 homezs ranging in price from $160,000 to more than $600,000 in the first 60 days of operation, which will officially begin June 15. Moodty said 55 employees of TOUSA will remain with the new companh after TOUSA winds down its localbusiness operations. TOUSA’as predecessor company was founded in Houston in 1983 as and completed an initial publicc offering inMarch 1998. In December 1999, TOUSqA Inc. acquired 80 percent of Newmark’s stock.
TOUSA Inc. also acquiredf 100 percent of then-public in Novembet 2000. On June 25, 2002, Engle merged with and the merged companyy changed its name toTOUSA Inc. In March, Hollywood, Fla.-based TOUSA (Pinlk Sheets: TOUSQ) told the it planned to lay off 156 peoples in the Houston area from its Newmark Homes branc beginning May 22 due to the downturnm in thehousing market.

Thursday, May 5, 2011

Visible Numerical Address - Santa Barbara Independent

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Visible Numerical Address

Santa Barbara Independent


The numerical addresses for each building should be at least 3 inches in height and readily visible from the roadway. It is also helpful if the numbers are reflective so they're visible at night.By posting your home or business numbers, ...



Tuesday, May 3, 2011

Chicago cops keeping eye on religious institutions - SecurityInfoWatch

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Chicago Tribune


Chicago cops keeping eye on religious institutions

SecurityInfoWatch


May 02--Chicago police say they are keeping an eye on religious institutions as a precaution in the wake of Osama bin Laden's death at the hands of US special forces. The department has not issued a ...


Chicago Cops Keeping Eye On Religious Institutions

MyStateline.com



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Sunday, May 1, 2011

Sebelius

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So let’s start with her most consequentiapolicy achievement: She helped createe a powerful national profile for Kansas and this regio n in the life sciences. Sebelius strongl supported the in its quest to win a comprehensiver cancer center designation fromthe . She persuader the Legislature toappropriate $5 millionh annually for the effort. She also played an important behind-the-scenes role in the formation ofthe , the consortium of area hospitals that supportzs the cancer center On more than one occasion, she helped salvage negotiations when frustratecd participants were ready to throq in the towel.
Sebelius added her political weight to the ultimatelu successful effort of to persuadde the to build its newin K-State’s triumph focused national attention on its outstanding animal health and food safety programs. Sebelius got some help along the way. Two Republicam legislators, former state Sen. Nick Jordabn and former state Rep. Kenny sponsored imaginative legislation that led to the creation ofthe . And votera in Johnson County in Novembere overwhelmingly approveda one-eighth-cent sales tax to establish the . Two-thirdss of the proceeds will be directed in perpetuithy to lifesciences programs.
There’s no denying that Sebeliue fostered a favorable environment for life sciences research and Not all was policy peachesand cream, during her tenure. She did a breathtakinb post-campaign flip-flop on two proposeed coal-fired power plants, citing reasons I described last yearas “pure politicalo bunk.” And Sebelius did nothing to improve a publidc school financing formula that exploitds urban-rural and class resentments and batters schools in this area. She said in her 2006 campaigjnthat she’d work to “lift the on school districts’ local option After she won re-election, she never mentioned it again.
But her achievementw in advancing the life sciences were And those advances will benefitg this region for yearsto That’s a public policy legacy that can survives even a stone-cold assessment.