nadezhdaqedyxos.blogspot.com
documents), not data. - XQuery. To builx a complete implementation of the emerging W3C standard query language for accessingXML documents. - To build a system with search-engine-likwe performance, able to respond to queries in - Scale. To build a system capable of handling contentbasesw up to tens or hundreds of terabytessin size. Mark Logic is privately held and backerd by Sequoia Capital andLehman Brothers.
пятница, 30 сентября 2011 г.
среда, 28 сентября 2011 г.
Andover Announces Closing of Convertible Placement With Sentient Group of Funds - MarketWatch (press release)
jiqatili.wordpress.com
Andover Announces Closing of Convertible Placement With Sentient Group of Funds MarketWatch (press release) The convertible note matures in twelve months, has a zero percent interest rate and can be converted into Andover shares at .50 cents per share at the lenders discretion. No commission was paid in conjunction with this financing. ... Andover Announces Closing of Convertible Placement With Sentient Group of Funds |
понедельник, 26 сентября 2011 г.
BigBelly Solar Unveils Smart Grid for Waste & Recycling(TM) - MarketWatch (press release)
milicinodijoo1981.blogspot.com
BigBelly Solar Unveils Smart Grid for Waste & Recycling(TM) MarketWatch (press release) "I can tell you that the CLEAN management console has made an enormous improvement in how we manage our operations," said Marty Howell, Sustainability Manager for the City of El Paso, which has dropped 9 collections per week and eliminated weekend ... |
суббота, 24 сентября 2011 г.
DBS Operation for Parkinson's Disease Performed Inside iMRI - MarketWatch (press release)
oryzacody.wordpress.com
DBS Operation for Parkinson's Disease Performed Inside iMRI MarketWatch (press release) Over 60000 DBS procedures have been performed worldwide. DBS is fully approved by the FDA for essential tremor and Parkinson's disease. It is approved by the FDA under a Humanitarian Device Exemption for primary Dystonia and Obsessive-Compulsive ... |
четверг, 22 сентября 2011 г.
Crescent Resources files Chapter 11 - Atlanta Business Chronicle:
pabigy.wordpress.com
Charlotte, N.C.-based Crescent Resourcea -- a joint venture of and that specializesin mixed-user developments -- said the move is part of its strategy to reducwe debt and improve its capital structure. The bankruptcy filing was made inthe U.S. Bankruptcyg Court in the Western District of Austin Division. Before the Chapter 11 filing, Crescentf faced payments of $50 million by the end of this year, $75 milliobn in 2010 and $100 million in 2011 on its Crescent Resources haslanded $110 millionj in debtor-in-possession financing from a grouop of its existing lenders, which will provide sufficient fundd to operate its ongoing business Crescent Resources CEO Arthur Fields has retired from the companh and will continue to work with the company in an advisory capacity.
Andrewq Hede, Crescent’s chief restructuring officer, will servd as CEO. Hede, a managing director with , has more than 15 yearzs of financial restructuring andbusiness experience. “Ww have been in active discussions with our lenders and othet stakeholders as we work towards an agreementt that will bring our capital structure in line with the currenreconomic environment,” Hede said in a news release. Despite the unprecedented challengea facing the realestate industry, we believe Crescent's underlyint business model is solid, and our assetsd remain very attractive.
We are encouraged that our lenderse have agreed to provide additiona l funding to support our continued operations and allow us to maintaim the high level of service and amenities our customerzs have cometo expect. We intenr to reach an agreement on our new capital structure and emerge frombankruptcy quickly.” Life insurance giant coulrd keep Crescent Resources as its joint development partner on the new 20-story Phipps Tower, commercial real estate brokers and developerx have said. And Manulife has options to see the building througyhto completion, brokers and developers have said.
Phipps Towet is a nearly 500,000-square-foot building next to Phipps Plazaain Atlanta’s posh Buckhead area. Crescent Resourcess is active in commercial and residential real estatre development and land management across the Southeast and Southwest and hascreated mixed-usd developments, business and industrial parks, country-clu b communities, single-family neighborhoods and apartment and condo It has 38 residential communities under development in the Georgia, Texas, Florida and Arizona, and is currentlh building 1,200 apartment units. It also owns 75,000o acres of land.
Crescent has 264
Charlotte, N.C.-based Crescent Resourcea -- a joint venture of and that specializesin mixed-user developments -- said the move is part of its strategy to reducwe debt and improve its capital structure. The bankruptcy filing was made inthe U.S. Bankruptcyg Court in the Western District of Austin Division. Before the Chapter 11 filing, Crescentf faced payments of $50 million by the end of this year, $75 milliobn in 2010 and $100 million in 2011 on its Crescent Resources haslanded $110 millionj in debtor-in-possession financing from a grouop of its existing lenders, which will provide sufficient fundd to operate its ongoing business Crescent Resources CEO Arthur Fields has retired from the companh and will continue to work with the company in an advisory capacity.
Andrewq Hede, Crescent’s chief restructuring officer, will servd as CEO. Hede, a managing director with , has more than 15 yearzs of financial restructuring andbusiness experience. “Ww have been in active discussions with our lenders and othet stakeholders as we work towards an agreementt that will bring our capital structure in line with the currenreconomic environment,” Hede said in a news release. Despite the unprecedented challengea facing the realestate industry, we believe Crescent's underlyint business model is solid, and our assetsd remain very attractive.
We are encouraged that our lenderse have agreed to provide additiona l funding to support our continued operations and allow us to maintaim the high level of service and amenities our customerzs have cometo expect. We intenr to reach an agreement on our new capital structure and emerge frombankruptcy quickly.” Life insurance giant coulrd keep Crescent Resources as its joint development partner on the new 20-story Phipps Tower, commercial real estate brokers and developerx have said. And Manulife has options to see the building througyhto completion, brokers and developers have said.
Phipps Towet is a nearly 500,000-square-foot building next to Phipps Plazaain Atlanta’s posh Buckhead area. Crescent Resourcess is active in commercial and residential real estatre development and land management across the Southeast and Southwest and hascreated mixed-usd developments, business and industrial parks, country-clu b communities, single-family neighborhoods and apartment and condo It has 38 residential communities under development in the Georgia, Texas, Florida and Arizona, and is currentlh building 1,200 apartment units. It also owns 75,000o acres of land.
Crescent has 264
вторник, 20 сентября 2011 г.
Monaco sale completed - Business Courier of Cincinnati:
yjanebixe.wordpress.com
As a result, the company formed a new MonacoRV LLC, it says will at some point resume manufacturing recreational vehicles. But some big questions remain, namely when and if — Navistar (NYSE: NAV) will resume manufacturinh in Oregon. Included in the sale were Monaco’ds Oregon facilities in Coburg and Harrisbury and Indiana operations in Wakarusaand Milford. Whil Navistar said Monaco RV will resumeproductioh “at certain facilities in the coming a company spokesman said it’s uncleaer exactly which facilities might be restarted.
“Providinf the RV market with the right vehicles at the righr time will beMonaco RV’s first order of Jack Allen, president of Navistar’s North American truci group, said in a news release. “Our managementr teams will spend these first few weeks ramping up the businesxs at a pace commensurateswith demand.” Coburg-based Monaco in March filed for Chapter 11 bankruptcy protectionb and laid off the majority of its 2,225 remaining It had earlier been looking for buyersa for its RV manufacturing operations and motorhomes resorts business. On April 27 the companyu announced it had an accepted an offerfrom Warrenville, Ill.
-basedx Navistar in a deal that also includee all Monaco brands, intellectual property, inventories, and equipment relating to the company’s motorized and towable recreational vehicle segments. Navistar NAV) is a manufacturer of commercial andmilitar vehicles, as well as diesel engines and related services. It has $15 billion in annualp sales and a market capof $2.4 The company’s move into the RV business fits an ongoint strategy to expand its existing diesel business and will complementy its chassis business, Allen said.
The newly-formed companu won’t be liable for any product sold prior to the though the company said customer services representatives will aid RV ownersd in providing serviceand support.
As a result, the company formed a new MonacoRV LLC, it says will at some point resume manufacturing recreational vehicles. But some big questions remain, namely when and if — Navistar (NYSE: NAV) will resume manufacturinh in Oregon. Included in the sale were Monaco’ds Oregon facilities in Coburg and Harrisbury and Indiana operations in Wakarusaand Milford. Whil Navistar said Monaco RV will resumeproductioh “at certain facilities in the coming a company spokesman said it’s uncleaer exactly which facilities might be restarted.
“Providinf the RV market with the right vehicles at the righr time will beMonaco RV’s first order of Jack Allen, president of Navistar’s North American truci group, said in a news release. “Our managementr teams will spend these first few weeks ramping up the businesxs at a pace commensurateswith demand.” Coburg-based Monaco in March filed for Chapter 11 bankruptcy protectionb and laid off the majority of its 2,225 remaining It had earlier been looking for buyersa for its RV manufacturing operations and motorhomes resorts business. On April 27 the companyu announced it had an accepted an offerfrom Warrenville, Ill.
-basedx Navistar in a deal that also includee all Monaco brands, intellectual property, inventories, and equipment relating to the company’s motorized and towable recreational vehicle segments. Navistar NAV) is a manufacturer of commercial andmilitar vehicles, as well as diesel engines and related services. It has $15 billion in annualp sales and a market capof $2.4 The company’s move into the RV business fits an ongoint strategy to expand its existing diesel business and will complementy its chassis business, Allen said.
The newly-formed companu won’t be liable for any product sold prior to the though the company said customer services representatives will aid RV ownersd in providing serviceand support.
воскресенье, 18 сентября 2011 г.
Gender neutral housing option at GVSU - WOOD-TV
avaohev.blogspot.com
Gender neutral housing option at GVSU WOOD-TV (WOOD) - Grand Valley State University has added a new option to the 2012 housing application being given to students. Now students are able to choose a transgender option, not just male or female, when applying for student housing. ... |
четверг, 15 сентября 2011 г.
5 deal-breaking flaws in Windows 8 - ExtremeTech
milicinodijoo1981.blogspot.com
TG Daily | 5 deal-breaking flaws in Windows 8 ExtremeTech Once you see past the emphatic » |
вторник, 13 сентября 2011 г.
Two area businesses partner to lure customers into shops - Jacksonville Business Journal:
pabigy.wordpress.com
The owners of , a movie rental store on Bardstown Road, near Highland recently formed a partnershipo with that places drop boxes for Wild and Woolly rentals at all seven HeineBrothers locations. The idea for the partnership came fromTodd Brashear, owner of Wild and “In my mind, the fun part of rentintg movies is coming in the store and picking things Brashear said. “Returning it is usually just a Brashear said he wantec to make the return process easier by placinvg return boxes at places wher peoplestop frequently, such as grocerty stores or coffee Heine Brothers made sense as a drop-of f location, he said, not only because he liked its coffee, but also because the company has multipled locations and a strong presence in the Highlands which is home to many of his Part of the idea, he said, is that Wild and Wooll customers dropping off movies also mighrt buy something at Heind Brothers, if they’re not already therd to do so.
Brashear also said he wante to ensure that theboxes didn’t become a nuisancd or distraction for Heine Brothers’ employees. The boxesa have been in place for aboutga month, Brashear said. So far, his biggestt single-day “haul” was about 70 “I think that’s definitely wortg my time and shows that people are into the Brashear said. As a local, independeny operator, Heine Brothers is trying to compete inan already-crowded markety for coffee consumers, said Mike Mays, who co-owns the loca chain with Gary Heine.
So keepinh their business “top of mind” with consumers is and the partnership withthe 12-year-old video stor allows them to do just “It just makes perfect sense,” Mays said. “His customer are our customers, and vice versa. The more peoplse we can get walking in ourfront doors, the better.” As part of the Heine Brothers has offered coupons for its stores at Wild and but Mays didn’t have a final tally on how many had been Mays said business at Heine Brothers is “still healthuy and strong, but I’d be lying if I said that the last 18 months hadn’t been a little tighter” than before.
The owners hold weeklg meetings to address ways they can lure 25 to 50 more customersz per day into each oftheir Brashear, who collects the videos himself, said he believes the drop-bocx concept will help Wild and Woollty compete with Redbox video renta machines and the Netflix mail service. But he said Wild and Woollyh built a strong customer base before Redbox and Netflixbecamse popular, which lessened any adverswe effects.
“Our niche has protecteed us, to a certain degree,” he said, adding that the businesw also has changed its pricin structure in the past two years to providemore “I’m sure we would be doing a whole lot bettedr without Redbox and Netflix, but we’re stilkl doing well. It hasn’gt killed us like it has a lot ofotherd stores.”
The owners of , a movie rental store on Bardstown Road, near Highland recently formed a partnershipo with that places drop boxes for Wild and Woolly rentals at all seven HeineBrothers locations. The idea for the partnership came fromTodd Brashear, owner of Wild and “In my mind, the fun part of rentintg movies is coming in the store and picking things Brashear said. “Returning it is usually just a Brashear said he wantec to make the return process easier by placinvg return boxes at places wher peoplestop frequently, such as grocerty stores or coffee Heine Brothers made sense as a drop-of f location, he said, not only because he liked its coffee, but also because the company has multipled locations and a strong presence in the Highlands which is home to many of his Part of the idea, he said, is that Wild and Wooll customers dropping off movies also mighrt buy something at Heind Brothers, if they’re not already therd to do so.
Brashear also said he wante to ensure that theboxes didn’t become a nuisancd or distraction for Heine Brothers’ employees. The boxesa have been in place for aboutga month, Brashear said. So far, his biggestt single-day “haul” was about 70 “I think that’s definitely wortg my time and shows that people are into the Brashear said. As a local, independeny operator, Heine Brothers is trying to compete inan already-crowded markety for coffee consumers, said Mike Mays, who co-owns the loca chain with Gary Heine.
So keepinh their business “top of mind” with consumers is and the partnership withthe 12-year-old video stor allows them to do just “It just makes perfect sense,” Mays said. “His customer are our customers, and vice versa. The more peoplse we can get walking in ourfront doors, the better.” As part of the Heine Brothers has offered coupons for its stores at Wild and but Mays didn’t have a final tally on how many had been Mays said business at Heine Brothers is “still healthuy and strong, but I’d be lying if I said that the last 18 months hadn’t been a little tighter” than before.
The owners hold weeklg meetings to address ways they can lure 25 to 50 more customersz per day into each oftheir Brashear, who collects the videos himself, said he believes the drop-bocx concept will help Wild and Woollty compete with Redbox video renta machines and the Netflix mail service. But he said Wild and Woollyh built a strong customer base before Redbox and Netflixbecamse popular, which lessened any adverswe effects.
“Our niche has protecteed us, to a certain degree,” he said, adding that the businesw also has changed its pricin structure in the past two years to providemore “I’m sure we would be doing a whole lot bettedr without Redbox and Netflix, but we’re stilkl doing well. It hasn’gt killed us like it has a lot ofotherd stores.”
воскресенье, 11 сентября 2011 г.
Specialty Game Retailer Game Crazy Donates Video Games & Consoles to USA Football Junior National Team
zlatkopaisley1275.blogspot.com
June 22 /PRNewswire/ -- To prepare for the world'se best competition in the 2009 International Federation of AmericanbFootball (IFAF) Junior World Championship, USA Football's Juniort National Team are employing football videi games and game consoles courtesy of national specialty game retailer Game Crazy. of Cleveland St. Ignatiuw High School is utilizing 40 video gamee and 20 game consoles donated by Game Crazy tohelp America'ws team prepare for varying styles of play throughou the IFAF Junior World Championship in Ohio, from June 27-Julyt 5.
Team USA's playbook was loaded onto the gamesw to help players better comprehenfd their assignments during trainingcamp (June 14-25) at Walsh University in Northb Canton. USA Football's Junior Nationalp Team will represent the United States and compete amongsgt a field of eight nations spannintg four continentsin Canton'z historic Fawcett Stadium. The tournament fieled pursuing football's first junior world championshipencompassezs Canada, France, Germany, Japan, Mexico, New Zealanx and Sweden.
A number of games and consoles will be shared amonfg all IFAF Junior World Championship athletes within the player lounge at WalshUniversitg - the residence and practice home of all eight nationa l teams. "Preparing for well-coached and talented teamws likethose we'll see in Canton brings a great challenge," Kyle "We appreciate of this donatiom - these games allow us to accelerate the players' ability to learn the playbook, helping us to hit the grounde running in Fawcett Stadium Saturday night.
" Game Crazy, with six retail location s in Northeast Ohio, has donated to Team USA 20 copies each of EA Sports' "Madden '09" and "NFL Head Coach '09" vide o games, which allow for game set-up The retailer has also provided USA Football with Microsofyt Xbox 360 consoles. USA Football's coaching stafvf can now uploadupcoming opponents' alignments and formationds to help their players learn in-game assignments and responsibilities. "We'rde proud to support Coach Kyle and USA Footbalpl in thishistoric tournament," said Game Crazy Chiev Marketing Officer .
"We congratulat all of the coaches and players who have earnex their way to Canton and are pleased to be able to providr them access to the latest in technologty andtraining methodology. Video gaming is not only fun, but has also been show n to help develop and enhancse athletic performance across a numbet ofdifferent sports. We look forwar to a great tournament in a city whosde football heritage and historyis unmatched.
" USA Football's Junioe National Team is composed of 45 incoming college freshmen soon to enter one of 33 including Michigan State, Mississippi, Ohio Oregon State, Syracuse, Texas A&M, Virginia, Virginia Tech and The team is America's first on the juniot level (19 and in football. Game Crazy(R) ( ) is the nation's seconed largest specialty game retailer with approximately 550 locations acrossthe country. Game Crazy provides customers with a vast selection of game consolesand accessories; terrific value on new, used and trade-in and unmatched expertise.
Headquartered in Wilsonville, Oregon, Game Crazy is ownede and operated byMovie Gallery, Inc, which is also the paren t company for the Movie Gallery and Hollywood Video is the second largest North American home entertainment specialtyg retailer with more than 3,70o0 stores located in all 50 U.S. statews and Canada. USA Football conducts more than 100 football traininy events annually to strengthej the game on youth andamateurd levels. USA Football members - coaches, game officials and league commissioners - resides in all 50 states. The independent non-profit based near Washington, manages U.S. national teams within the sportg for international competitions and has provided morethan $1.
5 millionm in equipment grants for youth leaguezs and high school football programs since 2006. USA Footbalk was started by the NFL and NFLPA in 2002 througgh the NFL Youth Football For more, visit usafootball.com.
June 22 /PRNewswire/ -- To prepare for the world'se best competition in the 2009 International Federation of AmericanbFootball (IFAF) Junior World Championship, USA Football's Juniort National Team are employing football videi games and game consoles courtesy of national specialty game retailer Game Crazy. of Cleveland St. Ignatiuw High School is utilizing 40 video gamee and 20 game consoles donated by Game Crazy tohelp America'ws team prepare for varying styles of play throughou the IFAF Junior World Championship in Ohio, from June 27-Julyt 5.
Team USA's playbook was loaded onto the gamesw to help players better comprehenfd their assignments during trainingcamp (June 14-25) at Walsh University in Northb Canton. USA Football's Junior Nationalp Team will represent the United States and compete amongsgt a field of eight nations spannintg four continentsin Canton'z historic Fawcett Stadium. The tournament fieled pursuing football's first junior world championshipencompassezs Canada, France, Germany, Japan, Mexico, New Zealanx and Sweden.
A number of games and consoles will be shared amonfg all IFAF Junior World Championship athletes within the player lounge at WalshUniversitg - the residence and practice home of all eight nationa l teams. "Preparing for well-coached and talented teamws likethose we'll see in Canton brings a great challenge," Kyle "We appreciate of this donatiom - these games allow us to accelerate the players' ability to learn the playbook, helping us to hit the grounde running in Fawcett Stadium Saturday night.
" Game Crazy, with six retail location s in Northeast Ohio, has donated to Team USA 20 copies each of EA Sports' "Madden '09" and "NFL Head Coach '09" vide o games, which allow for game set-up The retailer has also provided USA Football with Microsofyt Xbox 360 consoles. USA Football's coaching stafvf can now uploadupcoming opponents' alignments and formationds to help their players learn in-game assignments and responsibilities. "We'rde proud to support Coach Kyle and USA Footbalpl in thishistoric tournament," said Game Crazy Chiev Marketing Officer .
"We congratulat all of the coaches and players who have earnex their way to Canton and are pleased to be able to providr them access to the latest in technologty andtraining methodology. Video gaming is not only fun, but has also been show n to help develop and enhancse athletic performance across a numbet ofdifferent sports. We look forwar to a great tournament in a city whosde football heritage and historyis unmatched.
" USA Football's Junioe National Team is composed of 45 incoming college freshmen soon to enter one of 33 including Michigan State, Mississippi, Ohio Oregon State, Syracuse, Texas A&M, Virginia, Virginia Tech and The team is America's first on the juniot level (19 and in football. Game Crazy(R) ( ) is the nation's seconed largest specialty game retailer with approximately 550 locations acrossthe country. Game Crazy provides customers with a vast selection of game consolesand accessories; terrific value on new, used and trade-in and unmatched expertise.
Headquartered in Wilsonville, Oregon, Game Crazy is ownede and operated byMovie Gallery, Inc, which is also the paren t company for the Movie Gallery and Hollywood Video is the second largest North American home entertainment specialtyg retailer with more than 3,70o0 stores located in all 50 U.S. statews and Canada. USA Football conducts more than 100 football traininy events annually to strengthej the game on youth andamateurd levels. USA Football members - coaches, game officials and league commissioners - resides in all 50 states. The independent non-profit based near Washington, manages U.S. national teams within the sportg for international competitions and has provided morethan $1.
5 millionm in equipment grants for youth leaguezs and high school football programs since 2006. USA Footbalk was started by the NFL and NFLPA in 2002 througgh the NFL Youth Football For more, visit usafootball.com.
пятница, 9 сентября 2011 г.
South Florida
tower-tennesseea.blogspot.com
Fewer patients, more people without shrinking tax revenue and sagging investment portfolio are the major factoras giving health care executives At a time when the state was losingjobs overall, employmenrt in health care/social assistance increased by 35,100 from Novemberr 2007 to November 2008, according to statee data. The 4 percent increase led all But, layoffs have started, including at . Hundreds of employeee lost their jobs when bough t in Fort Lauderdale and swiftly closedthe competition. Othere institutions are freezing hiringfor non-medical jobs, said Frani Sacco, CEO of , which runs five taxpayer-supported hospitalws in southern Broward County.
“Hospitalws will have to cut their expense,” Sacco “Sixty percent of hospital expenseis labor. I don’f think it will be as radical a downturn as the rest of the but you will certainly seea Sacco’s organization has slowed hiring and put a $42 millio n planned bed tower at on hold unti the financial picture improves. South Florida’x acute care hospitals recorded morethan 2.56 milliob patient bed days in the firsrt nine months of 2008, down by just 0.4 percen from the same period in 2007, according to data from the threwe county health councils. However, the differenced is in the typeof patients.
Sacco said Memorial has registerede 800to 1,000 more uninsured patients at its but it’s been getting fewetr elective surgeries, which are often paying patients. Since people usually retain health benefits for some time aftere theyare unemployed, the healty care industry usually trails the downside of the economy by six to 12 Sacco said. “Up until this financial health care was always deemes tobe recession-proof,” said Brian CEO of Miami-based hospital operator . “When people lose their jobs and insurance, they will continue to come to the butthey don’t pay their bills.” Declining investmen portfolios also wounded hospitals in 2008.
For the first nonprofit hospitals had to account for the currengt value of their portfolios and mark them down for any losses sincee the securitieswere purchased. This mark-to-marketg rule caused plenty of headaches on WallStree – and it hurt too. Keeley said the nonprofit had a 7 percent operating marginb for the fiscal yearendesd Oct. 1, but a non-cash chargew of more than $200 milliob in its portfolio pushed it intothe red.
“Wr are still in a strong cash position,” Keeley “Anything over 200 days of cash on hand is While its results have also suffered from more uninsured patientes andcharity care, Keeley said Baptisy can hold off the recession and will continue its including building a new hospital in westernh Kendall. However, he believes that nonprofits on weaker financialp footing could struggle to survive the nextfew years. In earlg December, lowered its outlook for the healtjcare industry, predicting weaker demand, more uncompensater care and pressures by the government to reduce health spending.
Most healtyh care companies havegood liquidity, but those that don’t could have problems, Fitcnh said. “The hospitals that are struggling will struggle undet moredifficult circumstances, and those with strongere position will do a littlew bit better,” Keeley
Fewer patients, more people without shrinking tax revenue and sagging investment portfolio are the major factoras giving health care executives At a time when the state was losingjobs overall, employmenrt in health care/social assistance increased by 35,100 from Novemberr 2007 to November 2008, according to statee data. The 4 percent increase led all But, layoffs have started, including at . Hundreds of employeee lost their jobs when bough t in Fort Lauderdale and swiftly closedthe competition. Othere institutions are freezing hiringfor non-medical jobs, said Frani Sacco, CEO of , which runs five taxpayer-supported hospitalws in southern Broward County.
“Hospitalws will have to cut their expense,” Sacco “Sixty percent of hospital expenseis labor. I don’f think it will be as radical a downturn as the rest of the but you will certainly seea Sacco’s organization has slowed hiring and put a $42 millio n planned bed tower at on hold unti the financial picture improves. South Florida’x acute care hospitals recorded morethan 2.56 milliob patient bed days in the firsrt nine months of 2008, down by just 0.4 percen from the same period in 2007, according to data from the threwe county health councils. However, the differenced is in the typeof patients.
Sacco said Memorial has registerede 800to 1,000 more uninsured patients at its but it’s been getting fewetr elective surgeries, which are often paying patients. Since people usually retain health benefits for some time aftere theyare unemployed, the healty care industry usually trails the downside of the economy by six to 12 Sacco said. “Up until this financial health care was always deemes tobe recession-proof,” said Brian CEO of Miami-based hospital operator . “When people lose their jobs and insurance, they will continue to come to the butthey don’t pay their bills.” Declining investmen portfolios also wounded hospitals in 2008.
For the first nonprofit hospitals had to account for the currengt value of their portfolios and mark them down for any losses sincee the securitieswere purchased. This mark-to-marketg rule caused plenty of headaches on WallStree – and it hurt too. Keeley said the nonprofit had a 7 percent operating marginb for the fiscal yearendesd Oct. 1, but a non-cash chargew of more than $200 milliob in its portfolio pushed it intothe red.
“Wr are still in a strong cash position,” Keeley “Anything over 200 days of cash on hand is While its results have also suffered from more uninsured patientes andcharity care, Keeley said Baptisy can hold off the recession and will continue its including building a new hospital in westernh Kendall. However, he believes that nonprofits on weaker financialp footing could struggle to survive the nextfew years. In earlg December, lowered its outlook for the healtjcare industry, predicting weaker demand, more uncompensater care and pressures by the government to reduce health spending.
Most healtyh care companies havegood liquidity, but those that don’t could have problems, Fitcnh said. “The hospitals that are struggling will struggle undet moredifficult circumstances, and those with strongere position will do a littlew bit better,” Keeley
среда, 7 сентября 2011 г.
IRS after $13M more from EMC co-founder - Philadelphia Business Journal:
1189126qun.blogspot.com
Late last year, the IRS demanded Egan, who also servef as an ambassadorto Ireland, pay an extra $13.76 million in taxes and penalties, on top of the $62 millioh in extra taxes and penalties already collecter because of the tax shelter But Egan is fighting After paying the additional taxes under he filed a series of suits in U.S. District Courr in Massachusetts to try to wina refund. "Ambassadotr Egan disagrees with the conclusions of the said Egan spokesmanRay Howell. "He lookx forward to presenting his casein court.
" The skirmish is just the lates fallout from allegations that accountiny giant helped hundreds of wealthy clientz improperly cut their tax bills by settinf up illegal tax shelters. KPMG narrowly avoided criminal prosecution in 2002 afterr agreeing to paya $456 millionb fine and admit wrongdoing. But the government has continued to seek criminalk charges against someof KPMG's employees, and collectf back taxes against some KPMG clients, including the In the case of the Egans, the IRS has challengee the legitimacy of several partnerships set up by the familu that helped reduce its tax Egan has argued in court documents that the partnershipsa were set up for legitimate reasons and he relied on the advicd of many professionals.
Accordingg to the latest roundof suits, Egan was worriefd that much of his stock was tied up in EMC in 2000 and but was limited in his ability to sell the stockl because he was chairman of the board. EMC's stock peakesd in September 2000 at morethan $100 per but fell below $12 in 2001 after the tech sectort crashed. So, Egan looked into ways to hedgs the investment withhis son, Michaeo Egan, who ran a family investmentg company.
According to the suit, an unnamefd accounting company (a source said it was KPMG) urged the Eganse to meet with HeliosTrading LLC, which in turn introduced them to yet anotherf investment company, The companiese then devised a complicated optio strategy to protect Egan'se investment. As part of the arrangement, Egan also set up a partnershipl withhis wife, Maureen Egan, the Fidelity of doesn't have any ties to the Fidelituy High Tech partnership, said Fidelity spokesman Mike But in October 2006, the IRS challengee the legitimacy of the partnership and demandedc the Egans pay an additional $13.7 million.
That's in addition to the $62 million the IRS collectes from the Egansin 2005, after it challenged the legitimacyu of some similar partnerships, saying they used some complicatedf international transactions to create artificial lossed to slash the Egan's The Egans, however, said in court documents that the IRS waitee too long to challenge the latestr arrangement -- 3.5 years, or six monthd longer the usual statute of limitations. And although the statut e of limitations doesn't apply to cases where fraudc was involved, the Egans maintained they set up theifr partnership for legitimate reasons and followed the advice ofrespected professionals.
In additioh to relying on the advice of theiraccounting firms, the Egans also obtained a legal opinion from law firm , court records show. Law firm also advisex the Egans. Neither firm returned calls seeking comment. Still, law professo r Calvin Johnson said it was unlikely than the Eganws wouldbe successful. He said 1,500 skillec lawyers representing wealthy clients have already settled similar cases withthe IRS, indicatinbg they didn't believe they had much chance of prevailinhg in court. "If they had more than about a 20percentr chance, they would have litigated," Johnson said.
In Senat e testimony in April, Assistant Attorney General Eilee O'Connor said the government has won a series of casea challenging its taxshelter rulings. The only semi-victor for a taxpayer that Johnson coul d think ofinvolved , which was able to persuadwe a court to set aside some of the tax penalties in the even though the court generally sided with the Meanwhile, the names of other accountin firms have also surfaced in the case. While KPMG prepared at least one tax return at accounting firmprepared Meanwhile, other firms, including and , have received subpoenas to supplu information in the case. KPMG declined citing client confidentiality and theongoing litigation.
A BDO spokesmajn said the accountingfirm wasn't involved in the transactiob at issue, but is "(The company) cannot respond to the government'sa reasoning for issuing the subpoena," he said. Grant Thornton didn't return a call seeking comment. RSM said it was not part of thedisputed transactions.
Late last year, the IRS demanded Egan, who also servef as an ambassadorto Ireland, pay an extra $13.76 million in taxes and penalties, on top of the $62 millioh in extra taxes and penalties already collecter because of the tax shelter But Egan is fighting After paying the additional taxes under he filed a series of suits in U.S. District Courr in Massachusetts to try to wina refund. "Ambassadotr Egan disagrees with the conclusions of the said Egan spokesmanRay Howell. "He lookx forward to presenting his casein court.
" The skirmish is just the lates fallout from allegations that accountiny giant helped hundreds of wealthy clientz improperly cut their tax bills by settinf up illegal tax shelters. KPMG narrowly avoided criminal prosecution in 2002 afterr agreeing to paya $456 millionb fine and admit wrongdoing. But the government has continued to seek criminalk charges against someof KPMG's employees, and collectf back taxes against some KPMG clients, including the In the case of the Egans, the IRS has challengee the legitimacy of several partnerships set up by the familu that helped reduce its tax Egan has argued in court documents that the partnershipsa were set up for legitimate reasons and he relied on the advicd of many professionals.
Accordingg to the latest roundof suits, Egan was worriefd that much of his stock was tied up in EMC in 2000 and but was limited in his ability to sell the stockl because he was chairman of the board. EMC's stock peakesd in September 2000 at morethan $100 per but fell below $12 in 2001 after the tech sectort crashed. So, Egan looked into ways to hedgs the investment withhis son, Michaeo Egan, who ran a family investmentg company.
According to the suit, an unnamefd accounting company (a source said it was KPMG) urged the Eganse to meet with HeliosTrading LLC, which in turn introduced them to yet anotherf investment company, The companiese then devised a complicated optio strategy to protect Egan'se investment. As part of the arrangement, Egan also set up a partnershipl withhis wife, Maureen Egan, the Fidelity of doesn't have any ties to the Fidelituy High Tech partnership, said Fidelity spokesman Mike But in October 2006, the IRS challengee the legitimacy of the partnership and demandedc the Egans pay an additional $13.7 million.
That's in addition to the $62 million the IRS collectes from the Egansin 2005, after it challenged the legitimacyu of some similar partnerships, saying they used some complicatedf international transactions to create artificial lossed to slash the Egan's The Egans, however, said in court documents that the IRS waitee too long to challenge the latestr arrangement -- 3.5 years, or six monthd longer the usual statute of limitations. And although the statut e of limitations doesn't apply to cases where fraudc was involved, the Egans maintained they set up theifr partnership for legitimate reasons and followed the advice ofrespected professionals.
In additioh to relying on the advice of theiraccounting firms, the Egans also obtained a legal opinion from law firm , court records show. Law firm also advisex the Egans. Neither firm returned calls seeking comment. Still, law professo r Calvin Johnson said it was unlikely than the Eganws wouldbe successful. He said 1,500 skillec lawyers representing wealthy clients have already settled similar cases withthe IRS, indicatinbg they didn't believe they had much chance of prevailinhg in court. "If they had more than about a 20percentr chance, they would have litigated," Johnson said.
In Senat e testimony in April, Assistant Attorney General Eilee O'Connor said the government has won a series of casea challenging its taxshelter rulings. The only semi-victor for a taxpayer that Johnson coul d think ofinvolved , which was able to persuadwe a court to set aside some of the tax penalties in the even though the court generally sided with the Meanwhile, the names of other accountin firms have also surfaced in the case. While KPMG prepared at least one tax return at accounting firmprepared Meanwhile, other firms, including and , have received subpoenas to supplu information in the case. KPMG declined citing client confidentiality and theongoing litigation.
A BDO spokesmajn said the accountingfirm wasn't involved in the transactiob at issue, but is "(The company) cannot respond to the government'sa reasoning for issuing the subpoena," he said. Grant Thornton didn't return a call seeking comment. RSM said it was not part of thedisputed transactions.
понедельник, 5 сентября 2011 г.
пятница, 2 сентября 2011 г.
Self-storage company prepares for growth
burdukovahycel.blogspot.com
, the business he created in Wiltob withhis wife, Judy, has growjn over the past decade from 100 unitsw to 1,000, half of which are locatedr in a 70,000-square-foot, climate-controlled building. Morrise also has town approval to build asecond temperature-controlled structure that would abuty his 3-year-old building. But he temporarilty abandoned his steady-as-you-go strategy. This winter, he invested $1.1 million to buy a frozen storage warehouse ona seven-acr e parcel that wraps around one of his self-storagd complexes near the I-87 “I was faced with a decision. Step up and make a move becausw it was an opportunityI wouldn’tr see again,” Morris said.
“Irt was a lot of monety in a down market.” The size of the propertyu will allow him to constructanothere 1,000 storage units if and when the demand is Slow and steady growth has been the hallmar k of many self-storage business owners across the said Robert Schoff, president of in Tucson, and chairman of the trade group. “Aw lot of people have gotten started by building a littlde slab with 50 units and expanding from Schoff said. High returns have drawn investora and small business owners tothe industry, said John president of Investment Real Estate LLC, a Pennsylvania brokerage and managementg company.
“I got in the businessd after I saw how good the numbere were after brokering one dealin 1997,” Gilliland said. His companyt manages 50 storage facilities throughoutfthe Northeast, and until about two years ago oversa w a complex off Route 50 in Ballston Spa. The annual return on investment can run as high as 24 to 27 while major markets with heavy competitio n typically generate 13 to 19percentt returns, Schoff said. Morris, who is know best locally for running WJ MorrisExcavating Inc. for the past 30 started his self-storage company in 2000 becauss it wasa low-overhead business. “Everything we do has alwaysd beenthat way.
We don’t do too much or over extend he said. His excavating company has grown to 20 employeea withroughly $5 milliob a year in annual revenue. “When we were getting we used to dig graves saidJudy Morris, Bill’s wife. Now Judy overseeds the two-complex Morr-is-Stored business with the help of her sistefr and surveillance cameras that she can monitor from the office or The business hastwo locations, one of which is a climate-controlled building that caterw to museum customers, people with high-ends furniture, 50 students and several pharmaceuticaol salesmen who by law have to stor their drug samples at specified temperatures.
“It’s a good but it’s not a build it and they will come,” Schof said. The self-storage industry has endured the recessio better than most sector of the real estate investmenttrust industry, Schoff said.
, the business he created in Wiltob withhis wife, Judy, has growjn over the past decade from 100 unitsw to 1,000, half of which are locatedr in a 70,000-square-foot, climate-controlled building. Morrise also has town approval to build asecond temperature-controlled structure that would abuty his 3-year-old building. But he temporarilty abandoned his steady-as-you-go strategy. This winter, he invested $1.1 million to buy a frozen storage warehouse ona seven-acr e parcel that wraps around one of his self-storagd complexes near the I-87 “I was faced with a decision. Step up and make a move becausw it was an opportunityI wouldn’tr see again,” Morris said.
“Irt was a lot of monety in a down market.” The size of the propertyu will allow him to constructanothere 1,000 storage units if and when the demand is Slow and steady growth has been the hallmar k of many self-storage business owners across the said Robert Schoff, president of in Tucson, and chairman of the trade group. “Aw lot of people have gotten started by building a littlde slab with 50 units and expanding from Schoff said. High returns have drawn investora and small business owners tothe industry, said John president of Investment Real Estate LLC, a Pennsylvania brokerage and managementg company.
“I got in the businessd after I saw how good the numbere were after brokering one dealin 1997,” Gilliland said. His companyt manages 50 storage facilities throughoutfthe Northeast, and until about two years ago oversa w a complex off Route 50 in Ballston Spa. The annual return on investment can run as high as 24 to 27 while major markets with heavy competitio n typically generate 13 to 19percentt returns, Schoff said. Morris, who is know best locally for running WJ MorrisExcavating Inc. for the past 30 started his self-storage company in 2000 becauss it wasa low-overhead business. “Everything we do has alwaysd beenthat way.
We don’t do too much or over extend he said. His excavating company has grown to 20 employeea withroughly $5 milliob a year in annual revenue. “When we were getting we used to dig graves saidJudy Morris, Bill’s wife. Now Judy overseeds the two-complex Morr-is-Stored business with the help of her sistefr and surveillance cameras that she can monitor from the office or The business hastwo locations, one of which is a climate-controlled building that caterw to museum customers, people with high-ends furniture, 50 students and several pharmaceuticaol salesmen who by law have to stor their drug samples at specified temperatures.
“It’s a good but it’s not a build it and they will come,” Schof said. The self-storage industry has endured the recessio better than most sector of the real estate investmenttrust industry, Schoff said.
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