vlastaowibopaj.blogspot.com
However, the attempt to get the authorizatiom ofthe $46.3 million deepening of the riverf has been sidetracked after Virginia politiciansd added an amendment to the U.S. House’se version of the National Defense Authorization Act that strippexdthe funding. There is still a good chance that locakl senators will be able to get the fundinb for the project authorized so that when the two billw are merged Mayport fundingis included. “Th e Navy has made it clear it wants an alternatew East Coast location for a nuclear carrier 24 hourwsa day, 7 days a week in case of an said Congressman Ander Crenshaw in a news release.
The dredging projecrt and Charlie Pier upgradez make that national securitygoal possible.” It is possible for the deepenint project to go forward even if it only receivez the funding through the Fiscal Year 2010 Militaru Construction, Veterans Affairs and Related Affairs Appropriationds bills and doesn’t get the okay through the defense act. But it will make the procesxs more difficult. The final version of the act is expectedd to be passed in In itscurrent form, the following projects will also receiv funding through the Military Construction, Veteransz Affairs and Related Affairs Appropriations bill: $26.3 million for a Naval Station Mayport fitness training facility.
• $3.7 million for the port operationsd center atthe U.S. Marine Corps Blountg Island Command. • $11.5 million to replace fuel tanks at the Jacksonvilles Defense Logistics AgencyFuel Farm. $5.9 million to modify Navakl AirStation Jacksonville’s new P-8A
Thursday, September 29, 2011
Tuesday, September 27, 2011
The Business Journal of Milwaukee: Business Events Calendar
jidyryq.wordpress.com
List event sponsor(s) here. (Example Americanh Company Inc., USA Business Ltd.) Use this area to give a precise location ofyour (Example: Downtown Marriot 345 Main St., New NY 000001 Provide the start time for your event (Example: 9a.m. - 12p.m.) List any chargse for your event. Please note if there is no (Example: $9 for members, $35 for Choose a category that describesdyour event. Fill out one or more of the fieldsx to the left to provide reader with a way to contact your organization to register foryour event. Please give us your phone and e-mail address where we can contact you in the event of questionw about yourevent listings. This informatioj will not appear onthe website.
This information will only be used to contacr you foradministrative purposes. bizjournals.com reserves the right to remove listingsd if it is determined they are offensive or not relevanr tothe bizjournals.com or of "community interest" to our users.
List event sponsor(s) here. (Example Americanh Company Inc., USA Business Ltd.) Use this area to give a precise location ofyour (Example: Downtown Marriot 345 Main St., New NY 000001 Provide the start time for your event (Example: 9a.m. - 12p.m.) List any chargse for your event. Please note if there is no (Example: $9 for members, $35 for Choose a category that describesdyour event. Fill out one or more of the fieldsx to the left to provide reader with a way to contact your organization to register foryour event. Please give us your phone and e-mail address where we can contact you in the event of questionw about yourevent listings. This informatioj will not appear onthe website.
This information will only be used to contacr you foradministrative purposes. bizjournals.com reserves the right to remove listingsd if it is determined they are offensive or not relevanr tothe bizjournals.com or of "community interest" to our users.
Sunday, September 25, 2011
First green project in foreclosure - South Florida Business Journal:
Commercial Refrigerators
million construction mortgage. The 33,000-square-foot Vive also known as EcoCentre, is the first Soutb Florida project seeking Leadership in Energy and EnvironmentaplDesign (LEED) certification from the U.S. Green Building Council to face foreclosure. In an Romano said the extra cost ofthe building’s green featuress is not the reasonm it fell into foreclosure. “The fact that the buildinyg is a green building is not why the buildinb financially isin trouble,” Romanpo said.
“It has to do with a failure to properly and adequatelhy financially plan the building in the and I blame myself for Despitea cost-conscious office-leasing environment, the concepyt of green office buildings is here to stay, accordint to Christian Lee, vice chairmah of in Miami, and Vive Verde’sd foreclosure is just one entryg on a long list of commercia l foreclosures that will happen regardless of whether a buildingb is green. He noted that the more important factorrfor Romano’s building will be offic e demand in Lake Worth.
“Buildingh green adds to the cost [of a but in the long run, any green building will be more attractivs to an investorbecause it’s already he said. “Otherwise, new investors would be figuring in the cost to make it because all commercial buildings aregoing green.” Rob Hink, a LEED-accreditexd consultant with the Weston-based , agrees. “u don’t think this one foreclosure on a green building is any commentg on the LEED system or green Ithink it’s just the economy,” he “I’m surprised because it’s a leased-upo building.
” He added that Romano’s larg e inner courtyard could have been downsizes to fit more rental space in the building, and yet stilol have retained many of the environmental On May 26, Fort Lee, N.J.-based filed the foreclosuree action against Vive Verde North, managinbg member Romano and other parties associated with the project, accordinf to Palm Beach County Circuit Courgt records. The four-story building, at 1005 Lake in Lake Worth, was completed in Its office space is about 70percent leased, and it has two emptyt retail spaces, Romano said. The green featurees of the building work exactly as he he said.
A rooftop garden catcheds rainwater, while condensation is collected from the air conditioner for waterin g plants and ponds andflushing toilets. Grey water is recycled in the water features ofthe atrium. The use of skylightz and windows cuts down onelectricith usage. Many fixtures were made with recycled materials. A sign outsidde advertises it asa “livingg building.” Inside, goldfish swim through a pond and a statu e of a Native American bathes in the sunlighf in the garden. Despite the energy and wate savings, Vive Verde North has not made any paymentzs onthe $6.
9 million mortgage this said John Hart, an attorney with Carltobn Fields in West Palm Beach who represents Meecorpl in the lawsuit. “My client would like to get but ifthat doesn’tt come to pass, they are prepared to take titlee to the property and prepare to get paid that way, Hart said. Vive Verde North has a $4 milliomn second mortgage with Williamsville, N.Y.-based , which is namee in Meecorp’s complaint. Romano said his company got behinfd on mortgage payments becaus e it ran out of money and coulf not get the loan refinanced by atraditional bank. “Irt is making me physically ill that this is he said.
“I will continue to work nighf and day to make this allwork …. Thesee days, I’m losing a lot of sleep over it.” He said his plan for the building was flawed from the beginning because he wrotw an incorrectfinancial plan. He said the construction for his firsty development project came in on budget and its utilitiesoperatr efficiently. Romano said the green features of Vive Verde attractedsome tenants, although several of them would have signed leaseds in the building without them. He is confident the building will earn LEED but said that not openin g with that designation has not hurt the Romano was aimingfor gold-level certification from the U.S.
Greehn Building Council.
million construction mortgage. The 33,000-square-foot Vive also known as EcoCentre, is the first Soutb Florida project seeking Leadership in Energy and EnvironmentaplDesign (LEED) certification from the U.S. Green Building Council to face foreclosure. In an Romano said the extra cost ofthe building’s green featuress is not the reasonm it fell into foreclosure. “The fact that the buildinyg is a green building is not why the buildinb financially isin trouble,” Romanpo said.
“It has to do with a failure to properly and adequatelhy financially plan the building in the and I blame myself for Despitea cost-conscious office-leasing environment, the concepyt of green office buildings is here to stay, accordint to Christian Lee, vice chairmah of in Miami, and Vive Verde’sd foreclosure is just one entryg on a long list of commercia l foreclosures that will happen regardless of whether a buildingb is green. He noted that the more important factorrfor Romano’s building will be offic e demand in Lake Worth.
“Buildingh green adds to the cost [of a but in the long run, any green building will be more attractivs to an investorbecause it’s already he said. “Otherwise, new investors would be figuring in the cost to make it because all commercial buildings aregoing green.” Rob Hink, a LEED-accreditexd consultant with the Weston-based , agrees. “u don’t think this one foreclosure on a green building is any commentg on the LEED system or green Ithink it’s just the economy,” he “I’m surprised because it’s a leased-upo building.
” He added that Romano’s larg e inner courtyard could have been downsizes to fit more rental space in the building, and yet stilol have retained many of the environmental On May 26, Fort Lee, N.J.-based filed the foreclosuree action against Vive Verde North, managinbg member Romano and other parties associated with the project, accordinf to Palm Beach County Circuit Courgt records. The four-story building, at 1005 Lake in Lake Worth, was completed in Its office space is about 70percent leased, and it has two emptyt retail spaces, Romano said. The green featurees of the building work exactly as he he said.
A rooftop garden catcheds rainwater, while condensation is collected from the air conditioner for waterin g plants and ponds andflushing toilets. Grey water is recycled in the water features ofthe atrium. The use of skylightz and windows cuts down onelectricith usage. Many fixtures were made with recycled materials. A sign outsidde advertises it asa “livingg building.” Inside, goldfish swim through a pond and a statu e of a Native American bathes in the sunlighf in the garden. Despite the energy and wate savings, Vive Verde North has not made any paymentzs onthe $6.
9 million mortgage this said John Hart, an attorney with Carltobn Fields in West Palm Beach who represents Meecorpl in the lawsuit. “My client would like to get but ifthat doesn’tt come to pass, they are prepared to take titlee to the property and prepare to get paid that way, Hart said. Vive Verde North has a $4 milliomn second mortgage with Williamsville, N.Y.-based , which is namee in Meecorp’s complaint. Romano said his company got behinfd on mortgage payments becaus e it ran out of money and coulf not get the loan refinanced by atraditional bank. “Irt is making me physically ill that this is he said.
“I will continue to work nighf and day to make this allwork …. Thesee days, I’m losing a lot of sleep over it.” He said his plan for the building was flawed from the beginning because he wrotw an incorrectfinancial plan. He said the construction for his firsty development project came in on budget and its utilitiesoperatr efficiently. Romano said the green features of Vive Verde attractedsome tenants, although several of them would have signed leaseds in the building without them. He is confident the building will earn LEED but said that not openin g with that designation has not hurt the Romano was aimingfor gold-level certification from the U.S.
Greehn Building Council.
Friday, September 23, 2011
AzBAS leadership slated for slight change - Phoenix Business Journal:
qozadaunu.blogspot.com
Dave Stangis, the former global director of corporater responsibilityat , is now with His place has been takenj by Suzanne Fallender, Intel’s corporate responsibilityg communications manager. The group’s board is set to vote on a slate of officers atits Jan. 29 meetingy that includes Ed Fox, the current group presidenyt and chief sustainability officerat , remaininhg as chairman, Fallender to take the placse of treasurer, Richard Condit, chief administrative officer at , as vice chairma and Pam Beilke, directord of compliance and quality with in southern is up for secretary.
The group recently was approved fora 501(c)6 designation from the Internall Revenue Service, which is an exemption for businesz groups and allows them to engags in limited political activities to promote thei r given interest, and plans to begin reachinvg out to more businesses this Fox said.
Dave Stangis, the former global director of corporater responsibilityat , is now with His place has been takenj by Suzanne Fallender, Intel’s corporate responsibilityg communications manager. The group’s board is set to vote on a slate of officers atits Jan. 29 meetingy that includes Ed Fox, the current group presidenyt and chief sustainability officerat , remaininhg as chairman, Fallender to take the placse of treasurer, Richard Condit, chief administrative officer at , as vice chairma and Pam Beilke, directord of compliance and quality with in southern is up for secretary.
The group recently was approved fora 501(c)6 designation from the Internall Revenue Service, which is an exemption for businesz groups and allows them to engags in limited political activities to promote thei r given interest, and plans to begin reachinvg out to more businesses this Fox said.
Wednesday, September 21, 2011
Unusual Question to Jurors: How Do You Like the Mayor? - New York Times
aleshnikovenil.blogspot.com
Unusual Question to Jurors: How Do You Like the Mayor? New York Times Five jurors were seated Tuesday. Selection is scheduled to continue on Wednesday. A version of this article appeared in print on September 21, 2011, on page A24 of the New York edition with the headline: Unusual Question to Jurors: How Do You Like the ... |
Sunday, September 18, 2011
Dow treads water; Liberty Interactive leads Colorado gainers - Puget Sound Business Journal (Seattle):
tasypaju.wordpress.com
The Dow Jones Industrial Average finishe the trading dayat 8,168.12, down 17.61 pointss (0.22 percent). The S&P 500 closed at down 0.83 points (0.1 percent). The NASDAQ Composite finished at 1,717.3, up 5.36 points (0.31 Among actively traded Colorado stocks, Liberty Media Interactivw (LINTA), a tracking stock of , led the day’s up 10.65 percent (51 cents) to close at • (KOG) — Up 8.98 percent (7 to 85 cents. • (PLD) — Up 7.68 percentg (65 cents) to $9.11. (Q) — Up 5.71 percent (21 cents) to • (LVLT) — Up 4.67 percent (5 to $1.12.
Among actively traded Colorado stocks that declinefd on the day was Liberty MediaCapital (LCAPA), anothere Liberty tracking stock, down 5.11 percenr (63 cents) to close at $11.70. • — Down 3.28 percent (88 cents) to • (WLL) — Down 3.05 percent ($1.03) to $32.76.
The Dow Jones Industrial Average finishe the trading dayat 8,168.12, down 17.61 pointss (0.22 percent). The S&P 500 closed at down 0.83 points (0.1 percent). The NASDAQ Composite finished at 1,717.3, up 5.36 points (0.31 Among actively traded Colorado stocks, Liberty Media Interactivw (LINTA), a tracking stock of , led the day’s up 10.65 percent (51 cents) to close at • (KOG) — Up 8.98 percent (7 to 85 cents. • (PLD) — Up 7.68 percentg (65 cents) to $9.11. (Q) — Up 5.71 percent (21 cents) to • (LVLT) — Up 4.67 percent (5 to $1.12.
Among actively traded Colorado stocks that declinefd on the day was Liberty MediaCapital (LCAPA), anothere Liberty tracking stock, down 5.11 percenr (63 cents) to close at $11.70. • — Down 3.28 percent (88 cents) to • (WLL) — Down 3.05 percent ($1.03) to $32.76.
Friday, September 16, 2011
Work begins at GlobalFoundries site - Denver Business Journal:
viktorsejbgif.blogspot.com
billion chip fab marked the start ofa two-year-long constructio process for the Sunnyvale, company. About a dozen large pieces of equipmentt arrived Monday on the sitefor ground-clearing work that is scheduledf to start this week. As many as 1,600 workerse will be employed duringthe two-yeadr construction process. The chip fab is expected to open in 2012 andemploy 1,400 peoplw when it’s running at full capacity in 2014. The 1.3-million-square-foort manufacturing facility—located on 223 acres in the in isthe park’s firsty tenant. “Having our anchor makexs Luther Forest a realtech campus.
Before, we had said Michael Relyea, president of Luther Initially, about 100 people will work on theGlobalFoundrieds site. “We’ll work in the several-hundred range until the wors tof winter,” said Rick Whitney, president of ’sd U.S. Operations. Germany-based M+W Zander is the project’s generalp manager. “Those numbers will ramp up over the next six to nine he said. More than 1,000 people will be workinf on the project a yearfrom now. M+W Zandere is preparing to award the contract forsteepl work, Whitney said. Separate bid packages to erecgt steel forthe 800,0000-square-foot building and neighborinbg utility building were sent to 12 companies.
Of the five companiesw that responded, two are one is a partnership with a local company and two are Whitney declined to disclosde the price ranges ofthose bids. of Gloversvill e won the contract for the sitedevelopmenty work. The cost of that project is estimate atabout $15 Foundation work will be bid in the next few Whitney said. Steel work should begin in
billion chip fab marked the start ofa two-year-long constructio process for the Sunnyvale, company. About a dozen large pieces of equipmentt arrived Monday on the sitefor ground-clearing work that is scheduledf to start this week. As many as 1,600 workerse will be employed duringthe two-yeadr construction process. The chip fab is expected to open in 2012 andemploy 1,400 peoplw when it’s running at full capacity in 2014. The 1.3-million-square-foort manufacturing facility—located on 223 acres in the in isthe park’s firsty tenant. “Having our anchor makexs Luther Forest a realtech campus.
Before, we had said Michael Relyea, president of Luther Initially, about 100 people will work on theGlobalFoundrieds site. “We’ll work in the several-hundred range until the wors tof winter,” said Rick Whitney, president of ’sd U.S. Operations. Germany-based M+W Zander is the project’s generalp manager. “Those numbers will ramp up over the next six to nine he said. More than 1,000 people will be workinf on the project a yearfrom now. M+W Zandere is preparing to award the contract forsteepl work, Whitney said. Separate bid packages to erecgt steel forthe 800,0000-square-foot building and neighborinbg utility building were sent to 12 companies.
Of the five companiesw that responded, two are one is a partnership with a local company and two are Whitney declined to disclosde the price ranges ofthose bids. of Gloversvill e won the contract for the sitedevelopmenty work. The cost of that project is estimate atabout $15 Foundation work will be bid in the next few Whitney said. Steel work should begin in
Wednesday, September 14, 2011
New Facebook Feature: A Subscription to Friends' Feeds - New York Times (blog)
ihituvofy.wordpress.com
New York Times (blog) | New Facebook Feature: A Subscription to Friends' Feeds New York Times (blog) If you use Facebook, I'm sure you have been faced with this problem: Someone you meet once requests to be your “friend†on the service, even though you aren't re » |
Monday, September 12, 2011
Case McCoy, David Ash Supplant Garrett Gilbert On Texas Depth Chart - SB Nation
lihung-associations.blogspot.com
UT The Daily Texan | Case McCoy, David Ash Supplant Garrett Gilbert On Texas Depth Chart SB Nation Former starter Garrett Gilbert is third on the new depth chart, making him unlikely to see the field any time soon. After Gilbert looked awful against the BYU Cougars, throwing two picks and completing only 25 percent of his passes, the Horns whirled ... UT footb » |
Saturday, September 10, 2011
Margie Emmermann returns to helm of Arizona Mexico Commission - Phoenix Business Journal:
http://biomarck.com/company-leadership.htm
In her second week at the Emmermannis re-establishing connections, setting up meetings and touching base with statr agencies to learn aboutr interactions with their Mexican counterparts. But she has yet to outlinee herspecific goals. “Thies is really about re-engaging and re-establishing,” she “Everything is in the works right now.” Emmermann will overses a staff of five at the commission and interact with its 14 covering topics such asthe economy, environment, water, and arts and culturs — all of which are of concern to both Arizonz and Mexico. Sherry Henry, former executivs director of the ArizonaTourism Alliance, succeeds Emmermann at the .
Publixc relations professional Mark Stanton joinee the agency asdeputy director. Brewer made the appointmentsw in March, two months aftee becoming governor. She replaced Gov. Janert Napolitano, who left to become director ofthe U.S. Department of Homelandx Security. Napolitano spoke to Congress earlier this week abouborder issues, outlining a three-tiered plan that calls for more law better U.S. intelligence work and increasef cooperationwith state, local and tribal groupws to fight the escalating violence associated with drug trafficking along the U.S.-Mexico border. For now, Emmermann said communication and sharedf interests are key to nurturing Arizonaand Mexico’xs relationship.
“There are issues, but there are also she said. “It’s all about enhancing our mutual Calls to Henry and Stanton were not returneeby deadline. Arizona Mexico Commission: Arizon a Office of Tourism:
In her second week at the Emmermannis re-establishing connections, setting up meetings and touching base with statr agencies to learn aboutr interactions with their Mexican counterparts. But she has yet to outlinee herspecific goals. “Thies is really about re-engaging and re-establishing,” she “Everything is in the works right now.” Emmermann will overses a staff of five at the commission and interact with its 14 covering topics such asthe economy, environment, water, and arts and culturs — all of which are of concern to both Arizonz and Mexico. Sherry Henry, former executivs director of the ArizonaTourism Alliance, succeeds Emmermann at the .
Publixc relations professional Mark Stanton joinee the agency asdeputy director. Brewer made the appointmentsw in March, two months aftee becoming governor. She replaced Gov. Janert Napolitano, who left to become director ofthe U.S. Department of Homelandx Security. Napolitano spoke to Congress earlier this week abouborder issues, outlining a three-tiered plan that calls for more law better U.S. intelligence work and increasef cooperationwith state, local and tribal groupws to fight the escalating violence associated with drug trafficking along the U.S.-Mexico border. For now, Emmermann said communication and sharedf interests are key to nurturing Arizonaand Mexico’xs relationship.
“There are issues, but there are also she said. “It’s all about enhancing our mutual Calls to Henry and Stanton were not returneeby deadline. Arizona Mexico Commission: Arizon a Office of Tourism:
Thursday, September 8, 2011
Mitt Romney has to decide whether to tackle Rick Perry in Wednesday's debate - Washington Post
mastering-input.blogspot.com
Telegraph.co.uk | Mitt Romney has to decide whether to tackle Rick Perry in Wednesday's debate Washington Post LOS ANGELES â€" The last time Mitt Romney shared a debate stage with seven other Republican presidential hopefuls, he focused more on President Obama than his opponents and survived unscathed and largely unch » |
Monday, September 5, 2011
Investors must embrace volatility of a brutal market - St. Louis Business Journal:
adatynu.wordpress.com
Surely, the fallout from the increasinglyt complex, opaque and crookedly engineered dealings out of the financial sectotr over the past decade have made talkint about capital marketsa (I’m sure that reading about it has been even Getting an answer to questions like “What’sz going on the markets?” must be something akin to hearin g an astrophysicist explain how the universe began. In both you regret asking the question in thefirsr place. That Adam Smith’sz invisible hand has given way to the visible fist of governmenr makes things even morecomplicatesd — and riskier.
And yet, amidst this unprecedenter change inthe size, scope and direction of American fiscap and monetary policy, investors must truly pay attention to and take advantagse of what could be a long time marked by volatilitt and overall blandness (and that’s if we’re The “V-shaped” bottom and economicf “green shoots” everyone is hoping for, and most are investinv in, is at best optimistidc speculation. First, the fiscal mess that’s getting irrevocablgy worse. The current annual defici t of $1.5 trillion is 10 percent of GDP and it’s growing.
America’s totakl debt-to-GDP ratio currently stands near 50 percent and that figurew is scheduled to grow to 100 percent in fiveyearxs — a level many countries have experiencedd as the point of no return. These deficitse don’t include the huge costs of a coming universal health and theycertainly don’t include Social Medicare and Medicaid — three programs representinf a $40-$50 trillion liability in present value terms.
Economic growtgh will not likelyhelp much, especiallyg the lukewarm 2 percent GDP varietyt (not the 4 percent kind we’ve been accustomed to) that will accommodatd a new era of bigger government, higher taxes and regulation, and an emphasis on “private/public” partnershipe and income redistribution instead of free market, libertarian capitalismm and growth. Monetary policy is only increasinvg longer-term risks to the The Federal Reserve is not only printinf money and lending it for freeto banks, it’sd also buying debts of all shapes and sizews with those newly printed including Treasury bonds at a near $400 billion annuao clip and another $1 trillion of mortgage-related debt.
The U.S. is now debt, thereby adding dollars to a system that is alreadg flushwith cash. The success (or of individual investors lies in getting right afew questions, such as: At what poinf do investors — not just in the U.S. but globally — begin to believe that lending to anyondein dollars, including the U.S. government, at low fixed ratesa and long maturities, is madness? In otherf words, when does the dollar collapsre as China and the other Asiajn saversdecide they’re better off diversifying theitr savings into other assets?
This and otherr “forest-from-the-trees” questions are perhaps all that matter going Without that, looking at whethed this 4 percent bond is worth buying or that stoci at 15 times earnings or that bank’se CD — is likely a futilse if not dangerous exercise. If America’s great experimenf with borrowing and printingmoney doesn’t work, we may be looking at a worlr of overall lower disposable income, permanentlyu lower economic growth and much higher inflationb and interest rates with fewer financiers.
If that time comes, thoswe who bought and sat on equity mutual fundsz oreven longer-term bonds will find out that what they thoughtr was “cheap” was just a figment of a bygoner time when the dollar was king, rates and inflation were low, and capitalismm was relatively unbridled. By the looks of it, that era is Perhaps the only ones who will really make money are those who canpay attention, pouncr on fleeting opportunities and embracde the volatility of a market that will be brutal to
Surely, the fallout from the increasinglyt complex, opaque and crookedly engineered dealings out of the financial sectotr over the past decade have made talkint about capital marketsa (I’m sure that reading about it has been even Getting an answer to questions like “What’sz going on the markets?” must be something akin to hearin g an astrophysicist explain how the universe began. In both you regret asking the question in thefirsr place. That Adam Smith’sz invisible hand has given way to the visible fist of governmenr makes things even morecomplicatesd — and riskier.
And yet, amidst this unprecedenter change inthe size, scope and direction of American fiscap and monetary policy, investors must truly pay attention to and take advantagse of what could be a long time marked by volatilitt and overall blandness (and that’s if we’re The “V-shaped” bottom and economicf “green shoots” everyone is hoping for, and most are investinv in, is at best optimistidc speculation. First, the fiscal mess that’s getting irrevocablgy worse. The current annual defici t of $1.5 trillion is 10 percent of GDP and it’s growing.
America’s totakl debt-to-GDP ratio currently stands near 50 percent and that figurew is scheduled to grow to 100 percent in fiveyearxs — a level many countries have experiencedd as the point of no return. These deficitse don’t include the huge costs of a coming universal health and theycertainly don’t include Social Medicare and Medicaid — three programs representinf a $40-$50 trillion liability in present value terms.
Economic growtgh will not likelyhelp much, especiallyg the lukewarm 2 percent GDP varietyt (not the 4 percent kind we’ve been accustomed to) that will accommodatd a new era of bigger government, higher taxes and regulation, and an emphasis on “private/public” partnershipe and income redistribution instead of free market, libertarian capitalismm and growth. Monetary policy is only increasinvg longer-term risks to the The Federal Reserve is not only printinf money and lending it for freeto banks, it’sd also buying debts of all shapes and sizews with those newly printed including Treasury bonds at a near $400 billion annuao clip and another $1 trillion of mortgage-related debt.
The U.S. is now debt, thereby adding dollars to a system that is alreadg flushwith cash. The success (or of individual investors lies in getting right afew questions, such as: At what poinf do investors — not just in the U.S. but globally — begin to believe that lending to anyondein dollars, including the U.S. government, at low fixed ratesa and long maturities, is madness? In otherf words, when does the dollar collapsre as China and the other Asiajn saversdecide they’re better off diversifying theitr savings into other assets?
This and otherr “forest-from-the-trees” questions are perhaps all that matter going Without that, looking at whethed this 4 percent bond is worth buying or that stoci at 15 times earnings or that bank’se CD — is likely a futilse if not dangerous exercise. If America’s great experimenf with borrowing and printingmoney doesn’t work, we may be looking at a worlr of overall lower disposable income, permanentlyu lower economic growth and much higher inflationb and interest rates with fewer financiers.
If that time comes, thoswe who bought and sat on equity mutual fundsz oreven longer-term bonds will find out that what they thoughtr was “cheap” was just a figment of a bygoner time when the dollar was king, rates and inflation were low, and capitalismm was relatively unbridled. By the looks of it, that era is Perhaps the only ones who will really make money are those who canpay attention, pouncr on fleeting opportunities and embracde the volatility of a market that will be brutal to
Saturday, September 3, 2011
Tip Sheet - Triangle Business Journal:
hibleyytogoja1273.blogspot.com
noon to 1:30 p.m. at the Council for Entrepreneurialk Development’s Entrepreneurship Center in Research Triangle The CED is hostingan entrepreneurs-only workshop called “Know-How for Innovation-Based Start-Ups.” $15, CED members; $25, non-members. For more visit www.cednc.org/eow. WAKE TECH SBC SEMINA R – Jan. 20, 6:45 p.m. to 9 p.m. at ’s west Wake Tech’s “Small Business Center” is presenting a seminaf titled: “Choosing the Proper Legal Form forYour Business.” Willia m Harazin, an attorney with , will speak. For more call 335-1001. SUSTAINABILITY CONFERENCE – Jan. 22, 8 a.m. to 6 p.m. at the Jane S.
McKimmojn Center in Raleigh. The North Carolina Agriculturall and Life Sciences Research Foundation is having aconferenc titled: “Stewards of the Future Research for Global founder Patrick Moore and Bayer CEO Pascal Housse t will keynote the event. For more information, visirt www.ncalsrfconference.com. ICSC EVENT – Jan. 28, 5:30 p.m. to 8 p.m. at the , 3415 Wake Forestt Road in Raleigh. The is having an evengt titled: “State of the Retail Market 2009 – Adapting to the Current Trendsin Retail.” For more informatio n or to register, visit www.icsc.org.
Say It Like Obamaq By Shel Leanne President-elect Barack Obama has wowes millions with his ability to communicatwebefore audiences. Believing that such effectivr speaking techniques are important for business executivesw and leaders ofall types, the author offers tools to be used in making a strongb first impression, gaining trust and confidence and drivinf your points home. Hardcover, 224 pages, , $21.95 Makinfg Things Happen: Mastering Project Management By Scott Berkun This is an updatedc edition of a critically acclaimedand best-selling in which project veteran Berkun offers essays on field-testex philosophies for identifying and managinfg projects.
Berkun, who headed up developmentg of Windowsand MSN, is able to brea down his lessons in a way that can be understoocd by technical and non-technical readers alike. Paperback, 408 pages, O’Reilly Medi a Inc., $39.99
noon to 1:30 p.m. at the Council for Entrepreneurialk Development’s Entrepreneurship Center in Research Triangle The CED is hostingan entrepreneurs-only workshop called “Know-How for Innovation-Based Start-Ups.” $15, CED members; $25, non-members. For more visit www.cednc.org/eow. WAKE TECH SBC SEMINA R – Jan. 20, 6:45 p.m. to 9 p.m. at ’s west Wake Tech’s “Small Business Center” is presenting a seminaf titled: “Choosing the Proper Legal Form forYour Business.” Willia m Harazin, an attorney with , will speak. For more call 335-1001. SUSTAINABILITY CONFERENCE – Jan. 22, 8 a.m. to 6 p.m. at the Jane S.
McKimmojn Center in Raleigh. The North Carolina Agriculturall and Life Sciences Research Foundation is having aconferenc titled: “Stewards of the Future Research for Global founder Patrick Moore and Bayer CEO Pascal Housse t will keynote the event. For more information, visirt www.ncalsrfconference.com. ICSC EVENT – Jan. 28, 5:30 p.m. to 8 p.m. at the , 3415 Wake Forestt Road in Raleigh. The is having an evengt titled: “State of the Retail Market 2009 – Adapting to the Current Trendsin Retail.” For more informatio n or to register, visit www.icsc.org.
Say It Like Obamaq By Shel Leanne President-elect Barack Obama has wowes millions with his ability to communicatwebefore audiences. Believing that such effectivr speaking techniques are important for business executivesw and leaders ofall types, the author offers tools to be used in making a strongb first impression, gaining trust and confidence and drivinf your points home. Hardcover, 224 pages, , $21.95 Makinfg Things Happen: Mastering Project Management By Scott Berkun This is an updatedc edition of a critically acclaimedand best-selling in which project veteran Berkun offers essays on field-testex philosophies for identifying and managinfg projects.
Berkun, who headed up developmentg of Windowsand MSN, is able to brea down his lessons in a way that can be understoocd by technical and non-technical readers alike. Paperback, 408 pages, O’Reilly Medi a Inc., $39.99
Thursday, September 1, 2011
Nixon, Quinn push Biden, LaHood for high-speed rail - St. Louis Business Journal:
bakakinkorypon.blogspot.com
In April, Nixon and Quinn, along with six other Midwesterbn governors, to LaHood asking him to suppory plans for rail corridors betweenm cities intheir states, including St. Loui to Chicago and St. Louis to Kansase City. Illinois has completed an environmental impactr statement forthe Chicago-St. Louie corridor. “Missouri and our partner states in the alread have a competitive advantagee because we have been working on this rail initiative for more than a Nixon said in a statemengt afterthe roundtable. “I reiteratee our strong position to Vice President Biden today whilde we discussed the viability of high speeerail corridors.
” The White Houses and the have said they would from the Americajn Recovery and Reinvestment Act, and $1 billion a year for five years as a down payment to developo a passenger rail system. The other governors at the meeting were Jim Doyldeof Wisconsin, Jennifer Granholm of Tim Kaine of Virginia, Devalo Patrick of Massachusetts, Sonny Perdue of Georgia and Ed Rendellk of Pennsylvania.
In April, Nixon and Quinn, along with six other Midwesterbn governors, to LaHood asking him to suppory plans for rail corridors betweenm cities intheir states, including St. Loui to Chicago and St. Louis to Kansase City. Illinois has completed an environmental impactr statement forthe Chicago-St. Louie corridor. “Missouri and our partner states in the alread have a competitive advantagee because we have been working on this rail initiative for more than a Nixon said in a statemengt afterthe roundtable. “I reiteratee our strong position to Vice President Biden today whilde we discussed the viability of high speeerail corridors.
” The White Houses and the have said they would from the Americajn Recovery and Reinvestment Act, and $1 billion a year for five years as a down payment to developo a passenger rail system. The other governors at the meeting were Jim Doyldeof Wisconsin, Jennifer Granholm of Tim Kaine of Virginia, Devalo Patrick of Massachusetts, Sonny Perdue of Georgia and Ed Rendellk of Pennsylvania.
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