Wednesday, August 31, 2011

Paid attendance at Dodger Stadium down 8000 per game: A fan's reaction - Yahoo! Sports

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Paid attendance at Dodger Stadium down 8000 per game: A fan's reaction

Yahoo! Sports


Frank McCourt has become an enemy of the sports community in LA, Bryan Stow was brutally beat up on opening day, and the team has played subp-ar baseball. The only thing missing is extremely hot weather or a natural disaster. ...



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Sunday, August 28, 2011

Fitch downgrades state bonds despite

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The New York-based agency this week said it loweresdthe AA+ rating attached to the bonds by a peg to AA, citingy “the long-term deterioration of the state’ss economy” and concern that Ohio didn’t bounce back as stronglyy as other states following the 2000-01 recession. Fitch also notee that the 100,000 manufacturing jobs lost in Ohio over the past year and recen plans by to close some operationz in the state are ofparticulart concern. The rating downgrade comes as a conferenced committee composed of Ohio House of Representatives and Senat e members is poised to finalizethe state’a budget for the two years beginning July 1.
Legislators are expected to receive updated tax revenuedprojections Thursday, which coulde lead to spending cuts beyond the $1 billiojn the Republican-controlled Senate made to a budger passed by the Democrat-controlled House. Fitch characterized Ohio’s financiap management as “sound,” adding that its rating takes into expectationas that the state budget willbe balanced. Despitw downgrading the bonds, the agency revised its overallp ratings outlook for the state to from “negative.” • Fitch issued a AA rating to $40 million in coal developmeny general obligation bonds set to sell next That’s the third-highest investment grade possiblr on its scale.
• The agencyu also downgraded to AA- from AA ratingse on appropriation-backed bonds.

Friday, August 26, 2011

Real Estate Review - South Florida Business Journal:

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million. The lure for potential buyers is that the buildingse are 100 percent leased and come with financing alreaduy in place that a new ownercan inherit. The buildingz total nearly 240,000 square feet and include 540Gallati NW, 7501 Meridian NW and 7401 Snaproll NE, the lattetr an office building among Brunacini’s Journal Center (Jefferson/Paseo del Nortse area) projects. The tenants in the Westside buildings include blue chipclientr Kellogg’s. The buildings date from 2004 and 2005 and have attractefdconsiderable interest, said Patti Peixotto, who has the listing as part of investment team.
“There are not a lot of high-qualityh new buildings on the markeftthat don’t need new financing. A lot of new buyerws into this market wantto enter, but need quantity. This is a chancre to acquire nearly 250,000 square feet,” Peixotto said.

Wednesday, August 24, 2011

April construction spending rises - Pacific Business News (Honolulu):

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percent in April, the biggest one-month increase since August 2008, and was led by a jump in both private andresidential construction. A Bloomberg survey of 45 economistss had projected a median dropof 1.5 percent. The ’ repor from the Census Bureau says spending on private construction was at a seasonall y adjusted annual rateof $657. 3 billion, up 1.4 percent from the revisedf March estimateof $648.2 Residential construction rose 0.7 percent to a seasonally adjustee annual rate of $249.32 billion. Nonresidential construction rose 1.8 percent to an annual rate of $408.w billion.
Total public constructionm fellin April, although spending on highway projectas rose nearly 1 percent from the previous A separate report from the Commerce Department last week showeed construction of single-family homes rose 2.8 percent in April, the second consecutive monthly increase. Gains in single-family construction were overwhelmex by a 46 percent drop in apartment andcondi buildings, bringing total housing starts down 13 percent in April.

Monday, August 22, 2011

LendingTree expands product offering - The Business Review (Albany):

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According to the company, its customer-retention technologuy identifies customers byloan amount, loan-to-value loan purpose and FICO scores. “With refinancint activity from borrowers representint a significant portion of overall origination our lender network has expressed a desire to capture and retainm currentmortgage customers,” says Bob Harris, president of the LendingTres Exchange. “As part of the LendingTrese network, banks and lenders that use ournew customer-retention initiativ will be able to significantly impact the ratiol of overall mortgage portfolio just as effectively as they can attrac t new borrowers.
” LendingTree is owned by Charlotte-based (NASDAQ:TREE), an onlinde lending and real estate company. Tree.com’s principle businesses are LendingTree, whic matches potential mortgage borrowerzsto lenders, and which works with individuala seeking homes and real estate agents. LendingTree says it has facilitater more than 25 million requestsd for loans onlineand $185 billion in closed loan transactions.

Wednesday, August 17, 2011

Crist vetoes controversial insurance bill - Charlotte Business Journal:

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“We really don’t have a choice but to continued with our plan to discontinue our propert y insurance coveragein Florida,” said State Farm spokesmajn Michael Connolly. Crist cited concerns that signing HB 1171 coule trigger significant rate increases and reverse effortas by state officials and the Legislature to make the Floridaq marketmore competitive. Proponents of the legislation called itthe “Consumee Choice” bill.
Crist said in a news release that the bill gavea “selectt group of property insurance companies” the power of choosing who would be offered the policy, allowing them to cherry-pic k the best customers and dump policiee with the greatest In a June 16 letter to the governor, Jim Thompson, presidenrt of State Farm Florida Insurance Co., encouraged him to sign the but made no promises to stay if he did. Thompsonm even included a couple of caveats toStatse Farm’s statement of non-commitment.
“If HB 1171 were to become law, and if the (Officed of Insurance Regulation) expediently administers the law in a manneer consistent with the legislative intent of its legislativs sponsorsand supporters, Statre Farm would be willing to re-examine its options,” Thompsonj wrote. The governor pointed to the fact that the bill did not require that the select companiez stay in Florida as a motivating factor inhis “House Bill 1171 allows certain insurers the ability to collect unregulated insurancwe premiums and then leave the marketplace with Florida’sz hard-working families’ earnings,” he said.
Stater Farm Florida has been talking with states regulators about its plan toleave Florida. In , the companyg asked to stop writing property coveragee in the Sunshine State because it no longer could affordc to dobusiness here. Following the the National Association of Insurance and Financial which represents the majority of State Farm released a statement through spokesmanBob Lotane. “If nothing else, this moved debate on how to address our insurance challenges 180 degrees from whersewe were, and showed we have got to welcome and examine new he said.
Ed spokesman, said a hearing will be held July 15 to determin the need for a formal hearin onState Farm’s plan to leave Click to read the plan. OIR’s biggest sticking poinft in the negotiations has been whetherf State Farm agents would be able to sell policiea other than its own and The initial agreement states that State Farm woulc provide a minimum of six months notice prior toexecutingv non-renewals. State Farm policyholders, he have time to find other coverage. “It was expecteds that nothing like that would begin to happen until laterthis year,” Domansky said. “Iu suspect nothing would take place for another sixmonthw out.
” Brad Ashwell, consumer advocate for , whicb opposed the bill, expects the deregulation of Florida’s insurancee industry will become a central issue in the gubernatorialp campaign. He said whomevef wins the state’s top political post will help determiner how much traction deregulatiojn has in the nextlegislative session. Ashwell addedc that his group is ecstatic withthe governor’s decision. “We couldn’t be more he said. “We are glad he stoord up for consumers.
” Barney Bishop III, president and CEO of , criticizes the governor’s veto, saying it would forc e hundreds of thousands of homeownerz to switchto “thinly-financed” insurancd companies that will charge them as much if not more than theier current insurer. He gave no evidenc for the assertions. But Ashwell said no one has evaluatedf howwell small, private companies can weather a stormk financially, so Bishop’s statement is inaccurate at He also pointed to the that State Farm is considering leaving of its own accord. “This isn’t the governor’s fault that State Farm is deciding to he said.
“OIR’s role in protecting consumers is not what is drivingy State Farm out ofthe state. [State Farm] has a commended the governor’s action saying it would have allowed certain larger insurance companies an unfaifrbusiness advantage. It noted that the bill “woulrd have further diminished affordable choices for Floridians and wouled have eventually dumped more policies intothe state-run insurancs program Citizens.
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Monday, August 15, 2011

DAS manager at center of probe over COBRA checks - Dallas Business Journal:

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The Office of the State Inspector in a reportreleased Tuesday, outlined an investigation into the specifically the operation that administers the Consolidated Omnibus Budget Reconciliatiojn Act, or COBRA, That piece of 1986 federal legislation allowds unemployed workers to buy healtuh insurance coverage for up to 18 months. David Holbrook, chieff of the COBRA division since last is the target ofthe state’s effort to fire him after investigator said hundreds of COBRAz payment checks went missing under his Investigators found more than 500 checks, about 200 more than originallyh thought, valued at about $214,009 in a credenza in Holbrook’s office on Aprill 10.
Holbrook, 45, by that time was on paid administrativew leave and no longer had anoffice key. He denieed any knowledge of the checksx or how they got into his According tothe report, it was unclearf if he was purposefully holding the The department said Tuesday there was “no indicatio that premium funds were misappropriated.” A key factort behind the missing checks, the probee found, was a “dual accountingv process” that was employee because the department optec not to switch its COBRA records to a new Ohio Administrativew Knowledge System, or OAKS, aimed at improvinv operations.
That decision, combined with the retirement ofthe division’s former chief, triggerecd what the report called a “disaster” in processing. The probse also found Holbrook, who once worked in the statw Department of Natural Resources and Department of Youth had a record of inappropriate conduct in stater jobs that was described asa “pattermn of dishonest behavior.” At the Administrative Services Department, he earnex a base annual wage of $92,955.
The department in a statementf Tuesday said it has put in place stronger controlxs onCOBRA processing, specifically switching to OAKS, and worked with thosee affected by the misplaced The state probe had recommended changes to COBRA processinvg operations along with an The Department of Administrative Services also indicated disciplinary actionws might not be over. “We are reviewinv the Inspector General’s report and determining the appropriatse course of action for otheremployees involved,” Directorr Hugh Quill said.
Investigators also looked into anonymou s tips thatHolbrook didn’t follow time reportiny policies and refused to pay employees for denied vacationb time they were permitted to cash in. The inspector’xs office found some instances of wrongdoing or omissionsson Holbrook’s part and that of the department at recommending that the vacation policy itself be reviewed.

Saturday, August 13, 2011

Ideas for Brack Tract unveiled - The Business Review (Albany):

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Those were some of the elements presented in two mastere plans by LLP intheier long-range vision for the 350-acrd tract. The firm, which was hiresd 13 months ago to come up with a master presented their ideas to The Systej Board of Regents and the publif onJune 18. “The site could and shouldc be the western anchor of If the nature of downtown is taller and than this will be smaller and said a representative ofCooper Robertson. Representativesx of the firm said they envision a transit oriented developmenyt with a lake fronr districtand ‘neighborhoods’ with retail and residential The plan would be carried out in phaseds over the next few decades.
Although the firm presented two master plans, it recommended that the board select its Brackenridged Village plan. The main differenced between the plans is that the Universitgof Texas’ biological fiele lab would remain in the second called the Brankenridge Park plan. Under the Brackenridge Villags plan, the UT fielf lab would be relocated to one of nine sitesz suggested by theplanning firm, makin way for the development of the Developers of the tract would buildd diverse buildings of two to six storiees and structured parking that is concealed from the A number of infrastructure improvementsz were also suggested, including the re-alignment of Lake Austinn Boulevard, the creation of a parallel roadway between Lake Austin and Red Bud Trail intersection, and 20 lane-miles of new locaol streets.
As far as internal transportation, the planners advisedc the UT board to establishj a TransportationManagement Organization. Possible transportatio n solutions included an internalshuttle system, extension of proposed city trollety system and bus The planner suggested a numbetr of ideas for incorporatingb sustainable design elements, such as storm water managemenft units and a community The planners advised that graduate studenr housing, which exists on three be relocated to the Gateway site between 6th and 10th The plans call for the development of a new 825-uni student housing complex.
Supporters of the Lions MunicipalGolf Course, knownn as Muny, received bad news when the planners concludee that the golf course was no longer viabled and that it be used for development. Whichevedr plan the UT regents adopt, the firm suggestedc starting with the graduate housing project in late and following up with the selection of phass I developersin 2012. Several UT regentzs expressed their gratitude to the firm fortheie plans. Chairman of the UT Board of RegentesJames Huffines, echoed the sentiment, and said that the board will begin studying the plans and reviewing all recommendations.
He “We are heartened by the proposed graduate student housinbg that would preserve graduatwe housing while freeing up 73 acres for Phase I would includeabout 30,000 square feet of 1 million square feet of residential and a Exposition Boulevard would be extended All four phases would have a totalp square footage of: 15 million square feet of residential, office and civic/institutionn space. About 11 acres dedicatec for anelementary school. Abouty 21.5 acres for academic uses, such as a possibled UT campus. “Boat Town” neighborhoodr with a waterfront plazaand marina. Phase I woul d include about 80,00 square feet of retail and 1.3 million square feet of residential.
All four phaseds would have a total squarefootage of: 5.3 millionb square feet of retail, residential, offices and civic/institution space. Click for more informatio on the tract and details ofthe proposals.

Thursday, August 11, 2011

Aunt wants to adopt baby whose grandma sold him for cash - Orlando Sentinel

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Aunt wants to adopt baby whose grandma sold him for cash

Orlando Sentinel


Bigbee, a felon, contacted Skiver last year after 27 years of silence and offered her Aidan Fleming, now 11 months old, in exchange for $75000, prosecutors said. "I don't have any feelings for her รข€" maybe feelings of disgust," Skiver told the Orlando ...



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Monday, August 8, 2011

Academic Team honoree: Kevin Gramza - Business First of Buffalo:

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Accomplishments: National Merit Scholarship finalist. SAT score of Scores of 98-100 on three Regents exams. AP Scholare Award. Clarkson Achievement Award. President of class. Captain of student spirit Full name: Kevin Michael Gramza. Born: June 9, 1991, Parents: Annemarie Gramza, Mark Residence: Williamsville. Favorite class: Journalism (taught by Marcus Deveso). “Mr. Devesl conducts the class in a way that allowxs students to learn about life in additiob to the regularcourse load.” College and likely major: , economics. Hope to be doing 10 yearz from now: “I hope to be settlingg down and preparing to start a which is very importantto me.
I expect to be workiny hard to make a life in the real somewhere not too far from my roots in If could meet anyonefrom history: Benjamijn Franklin. “He was such an originalp thinker that I would love to hear what he has to say abouf the challenges of our If could have dinner with anyonednow alive: Don DeLillo. “His criticismz of our modern American societare fascinating.” to proceed to the next Firstg Team honoree: Brad Hahn.

Saturday, August 6, 2011

Audit shows surplus decline at Pinnacol - St. Louis Business Journal:

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According to the recent audit fromDeloittes & Touche LLP, which lawmakers reviewexd Monday, the decrease is related to losses on bondd and common stocks. Pinnacol’s reserves were a source of scruting earlier this year when Colorado legislators attemptex toraid $500 million from the insurer to plug gaps in the statee budget. Lawmakers argued that becauswe Pinnacol is a political subdivision of the its reserves werefair game. But legislatorsd later retreated from the raidafter Pinnacol’s CEO threatenes to sue the state and Gov. Bill Rittet indicated he would not supportthe move.
A speciao committee will look into Pinnacol’s operations under Senatde Bill 281, approved by lawmakers and Rittetr during the most recentGeneral Assembly. Supporterss of the bill said that Pinnacol’sz unique structure should be examined more But opponents of the legislation say the committer isa “witch hunt” to dismantlwe Pinnacol, which functioned better since it started operatinv as a private interest in 2004. In an audit summary, Deloitte said it identified financial misstatementsthat haven’t been corrected in the company’s books totalinyg $7.5 million in net income.
Pinnacoll replied that the uncorrected statements are Pinnacol reported a totalof $2 billionh in assets in 2008. It declarer additional policyholder dividendsof $120 million that year.