четверг, 11 августа 2011 г.
NY Insurance Superintendent Dinallo resigns - The Business Review (Albany):
His resignation becomes effectiveJuly 3. Dinallo has been superintendent ofthe state’s Insurance Department since 2007. Gov. David Patersoh said Dinallo hasbeen “ a stalwart advocats for New Yorkers, a trusted adviser to me and my administrationm and a committed public The governor said he and Dinallio worked closely with the U.S. Treasury the Federal Reserve Bank of New York and others in the rescud of financial servicesgiant . “Under Superintendent Dinallo’s leadership, the departmeny effectuated the largest regulatory settlement inthe U.S.
, played an integral part in the refornm of the workers’ compensation system and facilitater more than $15 billionn in new capital for the bond insurance industry,” Paterson Dinallo will become the Henry Kaufman Visitingg Professor of Finance at New York University’s Stern School of Business. Dinallo receive d his law degree at NYU and served as Law Review andEssa editor.
вторник, 9 августа 2011 г.
Pawlenty won
“I am incredibly gratefulk for the support and trust the people of Minnesot have given me durinb my two terms as Pawlenty said at a press conferenceTuesday adding, “When it comes to how long someonde should stay in an elected position, a little less is better than too much." He didn't say what he planned to do aftert leaving state office, but attention immediately focused on a potentiao presidential run. The Republican governor’s national profil e was raised last year when he campaignede heavilyfor Sen. John McCain’s presidential bid and was often mentione as apossible vice-presidential candidate for the Arizona McCain wound up picking Alaska Gov.
Sarah Palin But Pawlenty remains in the front ranks of possible GOP contendersin 2012. At the same time, runninyg for a third term mighgt have been riskyfor Pawlenty. He didn't get more than 50 percentg of the vote in either of the gubernatoria l raceshe won, winning a three-way race against DFL leadef Roger Moe and Tim Penney in 2002 and edgingb out challenger and former state Attorney Generalp Mike Hatch by 1 percent in 2006. With the state'sw fortunes currently sagging and Pawlentu poised to make some potentially unpopulabudget cuts, he could have been vulnerablew to a challenge next His decision also throws into questiob who will run for governor next State Sen.
Geoff Michel (R-Edina) and Charlies Weaver, head of the Minnesotsa Business Partnership and a formerPawlentu aide, have both been mentioned as potentialo candidates, as has House Speaker Margaret Anderson Kelliher (DFL-Minneapolis).
воскресенье, 7 августа 2011 г.
Advanta agrees to refund customers up to $35M in FDIC agreements - Minneapolis / St. Paul Business Journal:
That agreement addresses charges that theSpring House, Pa.-based companyy violated federal trade laws through its pricinb strategies on business credit cards, and in its marketinvg of cash-back rewards on the cards. Advantw said it did not admit wrongdoinbg and that it enterefd theagreements “in the interest of expedienc y and to avoid litigation.” Advanta said it took a $14 million chargwe to cover refunds tied to the allegeds marketing violations in third-quarter 2008 and will take a second-quartef 2009 charge to cover refunds over its pricingv strategies, which it said coulds total $21 million. Advanta also agreed to a $150,000p fine.
In a separate agreement with the FDIC, Advanta’z ability to use cash and pay dividends hasbeen restricted. The companhy must submit a plan toremaim "well-capitalized," and submit a plan to terminater its deposit-taking operations and deposit insurance once its depositsx are repaid in full, a procesds expected to take a few years. The seconsd agreement with the FDIC places restrictionson Advanta’zs use of its cash payment of dividends and transactions that would materiallgy alter its balance sheet composition and takint of brokered deposits.
Advanta said the second orde does not in any way restricr it from continuing to service itsmanagec credit-card accounts and receivables. In an effory to limit losses and erosion of its capita l ascredit deteriorates, Advanta said in early May that its securitizationn trust will go into early amortizatiohn — where the company uses receivables from customerse to accelerate payment to investor bondholders. Whilew that protects investors from prolonged exposure to a pool of receivablez whose credit performance has Advanta would have needed an alternativs way to fund new purchases on its credit cards. So it had to shut down future use, effectivre May 30.
It has since referred some customerd to AmericanExpress Co. Advanta’s stock closer 2 7 percent lower Wednesday at42 cents.
среда, 27 июля 2011 г.
University System of Maryland appoints new members to board of regents - Baltimore Business Journal:
The terms of Dr. John Young, Lindw Gooden and Sarah Elfreth willbegin Young, the president of the Montgomery Countu Medical Society, succeeds Alicia Coro a retired executive in the U.S. Dept. of Linda Gooden, a vice president with Lockheed Martih InformationSystems & Global Services, succeeds Michael CEO of investment firm Gill and Gooden’sx five-year terms ended this month. Elfreth will serves a one-year term as student regent. She succeeds Josh a Universityof Maryland, Baltimore County studenty whose term also ends June 30. A 17-membe Board of Regents, including one full-time governs the University Systemof Maryland.
Appointedc by the governor, the regents oversee the system’s academic, administrative, and financia l operations and makepolicy decisions. Each except the student regent, is appointed for a term of five yearsw and may not serve more than twoconsecutivw terms.
воскресенье, 24 июля 2011 г.
Economists: Colorado's pain won't abate before 2010 - Denver Business Journal:
"When does the recession end? Not unti the first quarter of next said Adams, president of The Adamds Group in Colorado Springs. "Whemn does it start feelinh good again to mostof us? Probably Wobbekind, director of the Business Researcg Division at the 's Leeds School of was slightly more optimistic. "In termes of employment, I think we go through prettyu much the entire year in anegative You're not going to see employment uptick until 2010," Wobbekinx said. Both economists made their remarka after participating in the Colorado Economic Policy Summitr at in Denver onTuesday evening.
Last Wobbekind forecast that Colorado would loseroughly 5,000 jobs in the seventh time since 1939 that the state has experiencedx year-over-year net job But on Tuesday, Wobbekind said his annual forecast was probablty optimistic. Although it hasn'r officially been revised -- he typically publishes a mid-yearr revision in early July -- he said Tuesdaty that he thought Colorado probably would shed closerto 20,0009 jobs in 2009. "A couple of the sectorsx have been really disappointing so far compared to what we had particularly professional andbusiness services," Wobbekind said.
In termw of output, Colorado's economy probably will begin to improvr along with the national economy in the second half of particularly in the fourth quartetr ofthe year, he But job growth, a lagging indicator in any won't begin to pick up until months he said. The federal economidc stimulus package should help prevent some Colorado job particularlyin construction, he said. Colorado's per-capita share of the stimuluzs package is relatively low compared withothef states.
"But there is a lot of other moneu inthe administration's budget that could potentially be very positivr for Colorado, particularly alternative energuy and the education money that's there," he "We're in the runningv as one of the potentiao states to receive some of the educatiob funding, ... so there might be some potentiak there."
пятница, 22 июля 2011 г.
UN delegation visits Mogadishu amid famine declaration in Somalia - Mareeg
UN delegation visits Mogadishu amid famine declaration in Somalia Mareeg MOGADISHU (Mareeg) â" A distinguished delegations from United Nations and World Food Programme on Thursday arrived at the seaside Somali capital Mogadishu a day after the declaration in parts of Somalia . The delegation differently had meetings with the ... |
среда, 20 июля 2011 г.
Researchers in Leeds feel the weight of medieval armour - BBC News
Telegraph.co.uk | Researchers in Leeds feel the weight of medieval armour BBC News The study, published in Proceedings of the Royal Society B, found that walking in full medieval armour uses twice the amount of energy as walking without it. Dr Graham Askew of the University of ! Leeds said: "In a suit of armour the limbs are loaded ... Heavy metal hardens battle Why the French lost the Battle of Agincourt: Heavy armour made troops too ... Heavy armour would have exhausted the French at Agincourt, say scientists |