grigoriynirim.blogspot.com
The Falcons on Friday released Vick, the disgracedr former franchise quarterback who playes for the team from 2001untikl 2006, the team said. Apparently unable to trad Vick, who was released from federal prison last montjh and is currently under home confinementyin Hampton, Va., the Falcons released the formet No. 1 overall pick in the 2001 draft. "Ther today relinquished their contractual rights to quarterbackMichaeol Vick,” Falcons General Manager Thomas Dimitroff said in a statemenr posted on the team’s Web site. "Michae remains suspended by the NFL.
in the event NFL Commissioner Roger Goodell decideas toreinstate Michael, we feel his best opportunity to re-engagew his football career would be at anothet club,” Dimitroff said. "Our entire organizatiom sincerely hopes that Michael will continue to focus his efforts on making positive changes in his and we wish him well inthat regard.” The Falcon s have made clear Vick would not be a part of the team when and if he is reinstatec from indefinite suspension. With the Vick is clear to sign with anotherNFL team, pending his reinstatement.
In an interviee posted on the team’s Web site, Dimitroff said the team was unabld totrade Vick, who pleadesd guilty and was sentenced to 23 months confinement on dogfighting-related charges. Dimitroff said he spoke to Vick by telephonr today aboutthe "We spent a significant amount of time this off-seasob trying to trade him to anothe r NFL club, and we had some conversations with a few but nothing materialized,” the general manager said. “Ag this point, we feel releasing Michael is best for him and best for Dimitroff said the team has not been advised of a timelinedfor Vick’s reinstatement, which he said was “uop to the Commissioner [Goodell].
” Though Vick is officiall released, the Falcons will take a hit towarde the salary cap for the 2009-201p0 for the remainder of the quarterback’s signin bonus, which was expected. Some reports have peggedd the value of the remaining bonus atabout $7 millioj to $8 million. Dimitroff said the team has already “budgeted” for the value of the and there will be no impact onnext year’s salaryt cap. The NFL’s 2009 salary cap will be $123 up from $116 million, according to according to Streeftand Smith’s Sports Business Journal, a sister publicationm of Atlanta Business Chronicle.
Severalp NFL clubs with questions at quarterback have openly said they have no intentionj ofsigning Vick. Amon them: the and the , whose coach, Jim Mora, was Vick’sz head coach for three seasons. It has been speculated Vick mighyt join the upstart UnitedFootball Vick’s return to the NFL and a professional sportxs salary are deemed essential to his ability to emergs from personal bankruptcy without liquidatinyg assets. Vick filed for bankruptcu protection in July 2008listing $16 million in assetse and $20 million in A judge in the case has given Vick and his attorneys a July 2 deadlind to come up with a revised plan to pay off the milliones he owes his creditors.
Vick, once the highest-paidf player in professional football, now makes $10-per-hour from a constructio n job he must maintain as part of hishome
Sunday, January 27, 2013
Tuesday, January 22, 2013
Birmingham Business Journal: Most viewed Stories
ethelbertdiya3334.blogspot.com
Federal regulators hit Colonial Bank with a ceaser anddesist order, which set high demand for the company to turn around its juice up its capital levels and overhaul its business Regions Financial Corp.
Federal regulators hit Colonial Bank with a ceaser anddesist order, which set high demand for the company to turn around its juice up its capital levels and overhaul its business Regions Financial Corp.
Thursday, January 17, 2013
Hatem pulls out of Raleigh downtown project - Atlanta Business Chronicle:
ogarawo.wordpress.com
Hatem told the Raleigh City Council Tuesdag thathis firm, , is unable to securwe financing for the project at this time, givenb the economic conditions. City council memberz immediately voted to sever tieswith “We should have done this (pull the last year,” Hatem “It was disappointing before, but now I am Empire signed a deal with the city in 2007 after the city decided to sell the land for $1.454 million (about $70-a-foot) along Salisburyg Street, and the development company agreed to specifivc benchmark deadlines to finish the project.
The developer missed a deadlinrin 2008, at which time Raleigh City Managee Russell Allen recommended that the city cut its ties with Empir without any extension. Under terms of the Hatem never actually boughtthe property. The city now will consider re-issuing a request for proposald forthe project. “Asking the developer to agreer to a schedule that was detacher from the realities of the economgy was atbest flawed,” Hatem told the city “ But the nail in the coffin was eliminatintg the possibility of any future extension.
Even in a good economicv climate, it is virtually impossible to securre thefunding necessary, knowing that the agreemen would be canceled at a time certain without discussion. “ The two-phase $50 milliobn project, called , was meangt to be a big piece ofdowntowj Raleigh’s revitalization efforts, with the hotel an importang piece in helping the new $220 million book events. Hatejm has renovated several buildings in downtown Raleigh in recent years and also owns several restaurants in the area including theDuck Dumpling, , The Pit and soon-to-opened Hatem told the councilk that Empire has created more than 200 jobs in downtownb Raleigh and has invested more than $80 millioj in the local economy.
In all, Empire companies pay $2 million annually in sales, property, franchise and other miscellaneous taxes, Hatem told the council. As I walk, peoplw form across the world and acrosas town through the streets of downtown Raleigh thesed pastfew months, one thiny was clear: This ambitious projecyt is not possible at this time,” Haten told the council. Hatem estimatesd he invested $500,000 to do the preliminary work onthe
Hatem told the Raleigh City Council Tuesdag thathis firm, , is unable to securwe financing for the project at this time, givenb the economic conditions. City council memberz immediately voted to sever tieswith “We should have done this (pull the last year,” Hatem “It was disappointing before, but now I am Empire signed a deal with the city in 2007 after the city decided to sell the land for $1.454 million (about $70-a-foot) along Salisburyg Street, and the development company agreed to specifivc benchmark deadlines to finish the project.
The developer missed a deadlinrin 2008, at which time Raleigh City Managee Russell Allen recommended that the city cut its ties with Empir without any extension. Under terms of the Hatem never actually boughtthe property. The city now will consider re-issuing a request for proposald forthe project. “Asking the developer to agreer to a schedule that was detacher from the realities of the economgy was atbest flawed,” Hatem told the city “ But the nail in the coffin was eliminatintg the possibility of any future extension.
Even in a good economicv climate, it is virtually impossible to securre thefunding necessary, knowing that the agreemen would be canceled at a time certain without discussion. “ The two-phase $50 milliobn project, called , was meangt to be a big piece ofdowntowj Raleigh’s revitalization efforts, with the hotel an importang piece in helping the new $220 million book events. Hatejm has renovated several buildings in downtown Raleigh in recent years and also owns several restaurants in the area including theDuck Dumpling, , The Pit and soon-to-opened Hatem told the councilk that Empire has created more than 200 jobs in downtownb Raleigh and has invested more than $80 millioj in the local economy.
In all, Empire companies pay $2 million annually in sales, property, franchise and other miscellaneous taxes, Hatem told the council. As I walk, peoplw form across the world and acrosas town through the streets of downtown Raleigh thesed pastfew months, one thiny was clear: This ambitious projecyt is not possible at this time,” Haten told the council. Hatem estimatesd he invested $500,000 to do the preliminary work onthe
Sunday, January 13, 2013
The Future of Computers - Scientific American (blog)
ogarawo.wordpress.com
Scientific American (blog) | The Future of Computers Scientific American (blog) With much progress being made in nanotechnology, the future of computers has two directions: nanotechnology and cells. Nanotechnology is the engineering of a system at the molecular scale. These processes are either “bottom-up†or “top-downâ€. “Bottom ... |
Wednesday, January 9, 2013
Local executive to lead GE's $6B health care initiative - The Business Journal of Milwaukee:
sucujovide.wordpress.com
Barber was named head of "healthymagination," a GE program focused on improvingg health care for more people at reduced by GE chairman and CEOJeffrey Immelt. Barber, 48, is a 27-yearf veteran of GE and since 2005 has served as chief technologty officer forGE Healthcare. He joined GE in 1982 and has held a varietty of roles of increasingv responsibility withinGE Healthcare. In Barber was general manager for Components and from 2002 to 2005 he was the general manage for Global Components Operations for GE which has significant operationsin Milwaukee, Wauwatosa and Barber was a 1994 winner of The Businessx Journal's Forty Under 40 award, which recognizes younbg Milwaukee-area executives making a differencd in their professions and community.
"Over the last four years, Mike has led all aspectsx of product development for advanced health care Immelt said. "Mike knows how our technology canhelp patients, he knows what clinics and hospitals need to improve care and cut costx and he knows how to lead teams. With his deep experiencee in engineering and technology and his strong operationesand process-driven expertise, Mike is the right leader to lead healthymagination and to grow our health care partnerships globally." that can be offerec in rural and underserved regions of the world, where quality health care can be difficult to obtain.
It is also designed to reduce the company's own health care costs for employeezs and expand profitability for the GEHealthcare business. GE Healthcare, which produces medical imaging equipment and medical information technolog y products fromits Milwaukee-area operations, will spend $3 billiom by 2015 to develop at least 100 new products designed to lower costs, improved access and improve quality of care by 15 percent.
Barber was named head of "healthymagination," a GE program focused on improvingg health care for more people at reduced by GE chairman and CEOJeffrey Immelt. Barber, 48, is a 27-yearf veteran of GE and since 2005 has served as chief technologty officer forGE Healthcare. He joined GE in 1982 and has held a varietty of roles of increasingv responsibility withinGE Healthcare. In Barber was general manager for Components and from 2002 to 2005 he was the general manage for Global Components Operations for GE which has significant operationsin Milwaukee, Wauwatosa and Barber was a 1994 winner of The Businessx Journal's Forty Under 40 award, which recognizes younbg Milwaukee-area executives making a differencd in their professions and community.
"Over the last four years, Mike has led all aspectsx of product development for advanced health care Immelt said. "Mike knows how our technology canhelp patients, he knows what clinics and hospitals need to improve care and cut costx and he knows how to lead teams. With his deep experiencee in engineering and technology and his strong operationesand process-driven expertise, Mike is the right leader to lead healthymagination and to grow our health care partnerships globally." that can be offerec in rural and underserved regions of the world, where quality health care can be difficult to obtain.
It is also designed to reduce the company's own health care costs for employeezs and expand profitability for the GEHealthcare business. GE Healthcare, which produces medical imaging equipment and medical information technolog y products fromits Milwaukee-area operations, will spend $3 billiom by 2015 to develop at least 100 new products designed to lower costs, improved access and improve quality of care by 15 percent.
Tuesday, January 8, 2013
Delphi retirees use Delta case as model - Business First of Columbus:
llrx-royce.blogspot.com
But under pressure, the company agreed to contribute $8.756 million into a new fund create to subsidize medical costs forsalarieed retirees. The fund will provide assistance to hardship casew and establish a group health care The San Francisco firm retaine d by the retirees group worke with retirees in 2006 and won a case simila r to the battle being waged byDelphi Delphi’s retired workers have copied the Delta which contains similar wording and a simila fund. Delta employees are helping to advisw theirDelphi counterparts. Delphi retirede representatives are in the process of settinb up the special program which should become operationaplby July.
Even though retirees now have to pay for Frost said the group won a victory when the judges ordered Delphi to negotiater with retirees instead of unilaterally cutting offtheir insurance. That led to Delphi’e establishing the special fund. And it’s not the end of the Frost said. Additional actio is being planned. “We are not done with We have to pressure them to preserve our I still think they are going to try to mess them he said. Paul Dobosz, a board member of the from saidthe organization’s strategy includes publicizinb as much as possible the plightr of the auto industry’s retired salariedf workers, which he said have been an ignorec group.
“To some this is guerrilla warfare,” he said. “We are a volunteere group, we don’t have a lot of are a new organizationand haven’tr made inroads into the federal To make our cause known, we have to take advantag of each opportunity as it presentd itself.” Delphi retirees are trying to expane their organization and its influence by enlisting supporg and new members for their organization from retirees at and . “Ws feel it is only a matterf of time before GM tries this withtheir retirees,” Frost The fear among Delphi salaried retirees like Frost and Dobossz is that their pensions mighr be at risk next.
If they are takej over by the federal , retireew could lose half their pension’s Dobosz said. “With the loss in value of theif pensions and the higher cost of payinv forhealth insurance, some retirees eventually could end up with zero disposabl income,” Dobosz said. “And the sad thingg is, Chrysler and GM salaried retirees are goiny to soon be in the same boat as he said. On April 14, the PBGC warned that Generakl Motors and Chrysler retireea and employees couldlose $23 billion in pensioj benefits if the companiesz terminate their retirement plans in bankruptcy.
Neithedr GM nor Chrysler say they plan to file for but both are taking steps to preparr in case they are forced to do so in thecomingv weeks. The has directed General Motors to lay the groundworkk fora “fast surgical” bankruptcy filing by June 1. Neither automakert has said it plans to terminate its pension but struggling steel companies and airlines have used bankruptcy to get out from under large pension obligationsx and turn them over tothe government. GM and Chrysler provide pension benefits toabourt 630,000 retirees and dependents, and cover another 300,00 0 who haven’t begun drawing benefits.
A GM bankruptcu also has implications forDelphj retirees, Frost says, because “GM is the majort creditor of Delphi and Delphi owes GM milliona and is the only source for fundingh for the Delphi pension fund.” A Genera Motors bankruptcy, Frost says, woulc raise the double-barreled question: “Where will that leave Delphiu funding? An obligation to be cut off?”
But under pressure, the company agreed to contribute $8.756 million into a new fund create to subsidize medical costs forsalarieed retirees. The fund will provide assistance to hardship casew and establish a group health care The San Francisco firm retaine d by the retirees group worke with retirees in 2006 and won a case simila r to the battle being waged byDelphi Delphi’s retired workers have copied the Delta which contains similar wording and a simila fund. Delta employees are helping to advisw theirDelphi counterparts. Delphi retirede representatives are in the process of settinb up the special program which should become operationaplby July.
Even though retirees now have to pay for Frost said the group won a victory when the judges ordered Delphi to negotiater with retirees instead of unilaterally cutting offtheir insurance. That led to Delphi’e establishing the special fund. And it’s not the end of the Frost said. Additional actio is being planned. “We are not done with We have to pressure them to preserve our I still think they are going to try to mess them he said. Paul Dobosz, a board member of the from saidthe organization’s strategy includes publicizinb as much as possible the plightr of the auto industry’s retired salariedf workers, which he said have been an ignorec group.
“To some this is guerrilla warfare,” he said. “We are a volunteere group, we don’t have a lot of are a new organizationand haven’tr made inroads into the federal To make our cause known, we have to take advantag of each opportunity as it presentd itself.” Delphi retirees are trying to expane their organization and its influence by enlisting supporg and new members for their organization from retirees at and . “Ws feel it is only a matterf of time before GM tries this withtheir retirees,” Frost The fear among Delphi salaried retirees like Frost and Dobossz is that their pensions mighr be at risk next.
If they are takej over by the federal , retireew could lose half their pension’s Dobosz said. “With the loss in value of theif pensions and the higher cost of payinv forhealth insurance, some retirees eventually could end up with zero disposabl income,” Dobosz said. “And the sad thingg is, Chrysler and GM salaried retirees are goiny to soon be in the same boat as he said. On April 14, the PBGC warned that Generakl Motors and Chrysler retireea and employees couldlose $23 billion in pensioj benefits if the companiesz terminate their retirement plans in bankruptcy.
Neithedr GM nor Chrysler say they plan to file for but both are taking steps to preparr in case they are forced to do so in thecomingv weeks. The has directed General Motors to lay the groundworkk fora “fast surgical” bankruptcy filing by June 1. Neither automakert has said it plans to terminate its pension but struggling steel companies and airlines have used bankruptcy to get out from under large pension obligationsx and turn them over tothe government. GM and Chrysler provide pension benefits toabourt 630,000 retirees and dependents, and cover another 300,00 0 who haven’t begun drawing benefits.
A GM bankruptcu also has implications forDelphj retirees, Frost says, because “GM is the majort creditor of Delphi and Delphi owes GM milliona and is the only source for fundingh for the Delphi pension fund.” A Genera Motors bankruptcy, Frost says, woulc raise the double-barreled question: “Where will that leave Delphiu funding? An obligation to be cut off?”
Monday, January 7, 2013
“He Whom Life Can No Longer Surprise†(Best Skip This Post) - Power Line (blog)
sucujovide.wordpress.com
Power Line (blog) | “He Whom Life Can No Longer Surprise†(Best Skip This Post) Power Line (blog) “He Whom Life Can No Longer Surprise†(Best Skip This Post). Okay, this is one of those obscure posts about progressive rock that you're best advised to skip over unless you're a 70s prog-rock geek like me and Brad Birzer at Hillsdale. (See ProgArchy .. . |
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