kowutoco.wordpress.com
The former will seek to liquidate unde r Chapter 7of U.S. Bankruptcy Code and the latter intend s to reorganizer underChapter 11. These bankruptcie s come on the heels of the April 22 bankruptcyof , an Opus affiliat based in Atlanta. Minneapolis-basede Opus has said it plans to wind down its operationsx in that part of the countryas well. Just two of five Opus subsidiariexsremain healthy, west LLC, which is an active developert in Portland, and Opus North LLC, which is basef in Chicago. Opus Northwest’s recent developments in Portlanc include the successful Bridgeport Villagr shopping centerin Tualatin. At one Opus was the ’s top choice to redevelop theBurnside Bridghead.
In recent years, the companh has concentrated onresidential projects. It recently completedc construction of two largse apartment projects with a totap construction budgetof $150 million. Ladd Towed is a 332-unit project in downtowhn Portland and Park 19 isa 101-unig project in Northwest Portland. "We have have a healthyt balance sheet," said Brian Owendoff, vice presidenty and manager forOpus Northwest's Portland Opus East, based in Md., filed a petition to liquidate its portfolio under Chapter 7. In its filing in U.S. Bankruptc Court for the Districtof Delaware, Opus East said it has betweenn 200 and 999 creditors.
It listedc assets between $50 million and $100 millio and liabilities between $100 million and $500 million. It did not identifhy creditors. Opus West, based in anticipates filing a voluntary petitiomn of Chapter 11 bankruptcy protectiojn inearly July. “Declinin real estate values and tight credit markets continue to impeded the refinancing of assets and restructuring of lending said Opus CEO Mark Rauenhorstf ina statement. “We regret that this action has proven to be necessarg despite the efforts ofso many. A court-supervisede process and transfer of distressed assets will assist Opus in reorganizingy and focus on the Opus East has developed morethan 13.
3 millio square feet of space since 1994. Opus West has developedr more than 52.7 million square feet since 1979. The companyy said Opus North and Opus Northwesr have been less affected by the due to their mix ofprojectg types, healthy balance sheets and strongere markets. Opus said its development activityu has fallen tojust 4.8 million square feet in 2009, down from 34 millionm square feet in 2007 and 35 million square feet in 2008.
Saturday, October 15, 2011
Thursday, October 13, 2011
Overton sweeps Eustis-Farnam - Kearney Hub
ezelik.wordpress.com
Overton sweeps Eustis-Farnam Kearney Hub Overton's Madison Beavers (9) gets her hand on a ball hit by Eustis-Farnam's Andrea Werth (6) during Tuesday's Fort Kearny Conference Tournament at Pleasanton. Joining Beavers on the block attempt is Laurie Callahan. Overton defeated Eustis-Farman ... |
Tuesday, October 11, 2011
Two Years of 2B - Pittsburgh Business Travel Guide
authors-morphology.blogspot.com
But be warned: There are no overarchintg trends here. As is so often the case on the these last two years have been almosgtotally reactive: to insane swingw in the price of fuel to the apparently endless cyclw of boom-and-bust that dominates hotel development, and, of to the economic wave that has carried us from the relatively giddhy times of April 2007 to our current…uh, well…tl whatever it is we're living and working through. Southwest'se Steady Course Even the nation's one financially sounfd U.S.
carrier, Southwest hasn't been able to escape the ravages ofthe nation's economic Its traffic is down about in line with industry-widr trends and it has taken the unprecedentes step of trimming its overall capacity by 4 percenf this year. And the airline's vaunted fuel-hedging which saved the carrierabout $3.5 billiojn in the last cost it money in the second half of 2008 as oil pricesx collapsed. But some things never Southwest is using the downturn to position itself as an alternative tothe nation'sx mainline carriers. After decades of shunningv some of thelargest U.S.
cities, it launchexd flights to Minneapolis last is scheduled to beginits first-eve r flights into New York (via LaGuardiz Airport) in June, and will serve Boston'e Logan Airport in the fall. United's Inexorable Decline It's gone from worst to even worse than that atUniteds Airlines, the most troubled of the nation's so-called "legacy" Once the nation's largest airline, United is hemorrhaging aftere a bungled mega-bankruptcy and yearas of management missteps. About 40 perceng of what flies as Unitedd Airlines is subcontracted to regional airlines and much of the remaininh service isactually code-share operations with its internationa partners in the Star Alliance.
Every one of its union contractsbecomes "amendable" next year (airline contracts never technicallg expire). Compared with the other legacy carriers, its cash reservezs are small and ther are few unencumbered assetsto hock. And early next year, it will have to discus cash-draining "holdbacks" with JP Morgan its credit-card processor. Operationally, there'sa no good news, either, since its once-profitable servicre to the Pacific Rim is deterioratingv rapidly due to plunging yielde to Asia and fresh competition on itsAustralia routes.
Fate of the Fourthy Class The worldwide collapseof premium-class traffiv since last fall has had the expected Airlines have stepped up their discountinh in business class and more carriers are adding a fourt h class, which is rather generically knowb as "premium economy." The discounting trend is both structurally strategic—the airlines now offer a range of discounts from thre e to 60 days before departure—and tantalizinglu tactical, with sale fares slashing as much as 75 percenty off the price of international business class. As for premiumm economy, Air France added the new cabinm on three premierroutes (from Paris to New Tokyo, and Osaka).
But the fate of fourty class is farfrom secure. Even as Air France was OpenSkies, British Airways' boutique was renaming its fourth cabin asthe "biz The reason? Premium economy still exists in a computer-coded which makes selling it via the airliner industry's omnipresent global reservation servicesz difficult. The Banking Blues and Londonj RediscoveredIf I've been at all prescient in the last two it was the Run on the Bankers column that posted shortlyh after Lehman Brothers tanked last Exactly in line with the meltdownm of the markets, bankers stoppedd flying, and that has caused the calamitous declinde in premium-class airline revenue.
It's been especiallyt tough on British Airways, which is disproportionately dependentg on premium flying on theNyLon (New York-London) And there's no doubt that BA (and London) are still sufferingy a year on from the disastrous opening weekzs of Terminal 5 at Heathrowe Airport in March 2008. The good news for thosre of us wholove London? The Britisjh capital is cheap again for upscal American visitors, thanks to massive airfare and hoteo discounts and the precipitous declinse of the value of the Britisgh pound. Counterintuitive Currency Just beforethe world's economiew shuddered, the U.S. dollar was at an unaffordablelow ebb. But for reason s known only to the masters of the the U.S.
dollar has gained strength against almost all ofthe world'ss currencies as the American economy If you've got any discretionary income left, this will be a greatg summer to travel virtually anywhere in the The dollar is buying 20 to 50 percentf more than last spring and summer. The only Japan, where the dollar continues to languish at or beloqwthe 100-yen mark. A Fee By Any Othere Name Still, it isn't all breaxd and dollar-denominated chocolates overseas. Banks and other financialp institutions continue to raise the fees they charge when you use your ATM or credig card outside of theUnited States.
The latest Currency-exchange fees of 3 percent or more even if you use yourown bank'e ATM card to make a withdrawal from your own accounyt at an overseas ATM owned and operatefd by said bank. Even financiaol institutions that continue toadvertise fee-free ATM usager are adopting the currency One example: Charles Schwab Bank, whose print ads promisre in big, bold type that theres are "No ATM fees—we rebate all ATM fees from any ATM. But as Schwab's fine print makews clear, "ATM free rebates do not include currency exchange fees orother fees." Some of the few truluy fee-free ports in the storm are the credi cards and ATM cards issued by Capital One.
The Fine Allow me to end this column where I began inAprio 2007: I still believe the single best investmenft you can make in your on-the-road comfort and productivityh is Priority Pass, the worldwide airport-lounge accessz program. The fees haven't changed, but the lounge networkl has grown by20 percent, to more than 600 clubse in 300 cities. Portfolio.com © 2009 Cond Nast Inc. All
But be warned: There are no overarchintg trends here. As is so often the case on the these last two years have been almosgtotally reactive: to insane swingw in the price of fuel to the apparently endless cyclw of boom-and-bust that dominates hotel development, and, of to the economic wave that has carried us from the relatively giddhy times of April 2007 to our current…uh, well…tl whatever it is we're living and working through. Southwest'se Steady Course Even the nation's one financially sounfd U.S.
carrier, Southwest hasn't been able to escape the ravages ofthe nation's economic Its traffic is down about in line with industry-widr trends and it has taken the unprecedentes step of trimming its overall capacity by 4 percenf this year. And the airline's vaunted fuel-hedging which saved the carrierabout $3.5 billiojn in the last cost it money in the second half of 2008 as oil pricesx collapsed. But some things never Southwest is using the downturn to position itself as an alternative tothe nation'sx mainline carriers. After decades of shunningv some of thelargest U.S.
cities, it launchexd flights to Minneapolis last is scheduled to beginits first-eve r flights into New York (via LaGuardiz Airport) in June, and will serve Boston'e Logan Airport in the fall. United's Inexorable Decline It's gone from worst to even worse than that atUniteds Airlines, the most troubled of the nation's so-called "legacy" Once the nation's largest airline, United is hemorrhaging aftere a bungled mega-bankruptcy and yearas of management missteps. About 40 perceng of what flies as Unitedd Airlines is subcontracted to regional airlines and much of the remaininh service isactually code-share operations with its internationa partners in the Star Alliance.
Every one of its union contractsbecomes "amendable" next year (airline contracts never technicallg expire). Compared with the other legacy carriers, its cash reservezs are small and ther are few unencumbered assetsto hock. And early next year, it will have to discus cash-draining "holdbacks" with JP Morgan its credit-card processor. Operationally, there'sa no good news, either, since its once-profitable servicre to the Pacific Rim is deterioratingv rapidly due to plunging yielde to Asia and fresh competition on itsAustralia routes.
Fate of the Fourthy Class The worldwide collapseof premium-class traffiv since last fall has had the expected Airlines have stepped up their discountinh in business class and more carriers are adding a fourt h class, which is rather generically knowb as "premium economy." The discounting trend is both structurally strategic—the airlines now offer a range of discounts from thre e to 60 days before departure—and tantalizinglu tactical, with sale fares slashing as much as 75 percenty off the price of international business class. As for premiumm economy, Air France added the new cabinm on three premierroutes (from Paris to New Tokyo, and Osaka).
But the fate of fourty class is farfrom secure. Even as Air France was OpenSkies, British Airways' boutique was renaming its fourth cabin asthe "biz The reason? Premium economy still exists in a computer-coded which makes selling it via the airliner industry's omnipresent global reservation servicesz difficult. The Banking Blues and Londonj RediscoveredIf I've been at all prescient in the last two it was the Run on the Bankers column that posted shortlyh after Lehman Brothers tanked last Exactly in line with the meltdownm of the markets, bankers stoppedd flying, and that has caused the calamitous declinde in premium-class airline revenue.
It's been especiallyt tough on British Airways, which is disproportionately dependentg on premium flying on theNyLon (New York-London) And there's no doubt that BA (and London) are still sufferingy a year on from the disastrous opening weekzs of Terminal 5 at Heathrowe Airport in March 2008. The good news for thosre of us wholove London? The Britisjh capital is cheap again for upscal American visitors, thanks to massive airfare and hoteo discounts and the precipitous declinse of the value of the Britisgh pound. Counterintuitive Currency Just beforethe world's economiew shuddered, the U.S. dollar was at an unaffordablelow ebb. But for reason s known only to the masters of the the U.S.
dollar has gained strength against almost all ofthe world'ss currencies as the American economy If you've got any discretionary income left, this will be a greatg summer to travel virtually anywhere in the The dollar is buying 20 to 50 percentf more than last spring and summer. The only Japan, where the dollar continues to languish at or beloqwthe 100-yen mark. A Fee By Any Othere Name Still, it isn't all breaxd and dollar-denominated chocolates overseas. Banks and other financialp institutions continue to raise the fees they charge when you use your ATM or credig card outside of theUnited States.
The latest Currency-exchange fees of 3 percent or more even if you use yourown bank'e ATM card to make a withdrawal from your own accounyt at an overseas ATM owned and operatefd by said bank. Even financiaol institutions that continue toadvertise fee-free ATM usager are adopting the currency One example: Charles Schwab Bank, whose print ads promisre in big, bold type that theres are "No ATM fees—we rebate all ATM fees from any ATM. But as Schwab's fine print makews clear, "ATM free rebates do not include currency exchange fees orother fees." Some of the few truluy fee-free ports in the storm are the credi cards and ATM cards issued by Capital One.
The Fine Allow me to end this column where I began inAprio 2007: I still believe the single best investmenft you can make in your on-the-road comfort and productivityh is Priority Pass, the worldwide airport-lounge accessz program. The fees haven't changed, but the lounge networkl has grown by20 percent, to more than 600 clubse in 300 cities. Portfolio.com © 2009 Cond Nast Inc. All
Saturday, October 8, 2011
Colorado's economy grew faster in 2008, despite recession - Triangle Business Journal:
caloloary.blogspot.com
reported Tuesday, suggesting that the recession's impact hit Colorad later than most other parts of the Gross domestic product in Colorad o grewby 2.9 percent in 2008, up from 2.0 percent in 2007 and 2.7 percengt in 2006, the Commerce Department's Bureahu of Economic Analysis (BEA) reported in its annual state-by-statw breakdown of GDP. Colorado's 2.9 percent GDP growth rate was fourth-highesg among the 50 states, exceeded only by North Dakotwa (7.3 percent growth), Wyoming (4.4 percent) and South Dakotqa (3.5 percent). The last year Colorado's economu grew faster than 2008 was in witha 4.
3 percent GDP increase that year, BEA Colorado was one of only 12 statexs in 2008 where the rate of growth of GDP increased from the previousx year. In fact, 12 states experienced GDP declinexsin 2008, led by Alaskas with a 2.0 percent drop. Averagd growth in GDP among the 50 states sloweedfrom 2.0 percent in 2007 to 0.7 percent in 2008. (The GDP-by-statee figures differ from national GDP becausedifferenyt state-by-state methodology is used.) The nationwide recessionh officially began at the start of 2008. The reportt said the biggest contributors to the growthof Colorado's GDP in 2008 were professionao and technical services, followed by information and government.
It said the biggestr drags on the state' economy were construction, followed by transportation and .
reported Tuesday, suggesting that the recession's impact hit Colorad later than most other parts of the Gross domestic product in Colorad o grewby 2.9 percent in 2008, up from 2.0 percent in 2007 and 2.7 percengt in 2006, the Commerce Department's Bureahu of Economic Analysis (BEA) reported in its annual state-by-statw breakdown of GDP. Colorado's 2.9 percent GDP growth rate was fourth-highesg among the 50 states, exceeded only by North Dakotwa (7.3 percent growth), Wyoming (4.4 percent) and South Dakotqa (3.5 percent). The last year Colorado's economu grew faster than 2008 was in witha 4.
3 percent GDP increase that year, BEA Colorado was one of only 12 statexs in 2008 where the rate of growth of GDP increased from the previousx year. In fact, 12 states experienced GDP declinexsin 2008, led by Alaskas with a 2.0 percent drop. Averagd growth in GDP among the 50 states sloweedfrom 2.0 percent in 2007 to 0.7 percent in 2008. (The GDP-by-statee figures differ from national GDP becausedifferenyt state-by-state methodology is used.) The nationwide recessionh officially began at the start of 2008. The reportt said the biggest contributors to the growthof Colorado's GDP in 2008 were professionao and technical services, followed by information and government.
It said the biggestr drags on the state' economy were construction, followed by transportation and .
Thursday, October 6, 2011
Dan Snyder stays at Six Flags under reorganization - Washington Business Journal:
http://www.theinsyderz.com/1999/italiano/lombardia/mantova/mantova.html
Six Flags is also seeking a $600 million secured by its assets, and $150 million in a new revolvinbgcredit line. The company’s executive retentiomn plan would keep Snyder as board memberand chairman. Mark currently chief executive, as well as chiecf financial officer Jeffrey Speed and several other top managemenyt would also stay on inexecutive roles. Six which announced its Chapter 11 bankruptcu filing overthe weekend, listecd $2.4 billion in debt and $3 billionj in assets. It hopex to cut debt by $1.8 billion and wipe out more than $300 milliohn in preferred stock.
Snyder and his management who took control of the themed park operator three and a halfyeards ago, have not been able to return the company to despite increasing attendance and selling several parks to raise capital last The company reported a $146 milliob first quarter loss. Six Flags has said its reorganization will not affecty park operations and its vendors and employeesa will continue tobe paid. Six Flags 20 themre parks includein Largo.
Six Flags is also seeking a $600 million secured by its assets, and $150 million in a new revolvinbgcredit line. The company’s executive retentiomn plan would keep Snyder as board memberand chairman. Mark currently chief executive, as well as chiecf financial officer Jeffrey Speed and several other top managemenyt would also stay on inexecutive roles. Six which announced its Chapter 11 bankruptcu filing overthe weekend, listecd $2.4 billion in debt and $3 billionj in assets. It hopex to cut debt by $1.8 billion and wipe out more than $300 milliohn in preferred stock.
Snyder and his management who took control of the themed park operator three and a halfyeards ago, have not been able to return the company to despite increasing attendance and selling several parks to raise capital last The company reported a $146 milliob first quarter loss. Six Flags has said its reorganization will not affecty park operations and its vendors and employeesa will continue tobe paid. Six Flags 20 themre parks includein Largo.
Tuesday, October 4, 2011
Survey: Boston sports teams strong on ownership, weak on affordability - Boston Business Journal:
ejoxot.wordpress.com
That's according to a recentr ESPN ranking of all 122 franchises inthe , the , the and . How efficientluy the team has converted money from theid fans into victories onthe field, court or ice. How loyao the franchise’s ownership and management has been to core playersa andthe community. The price of tickets, parkinfg and concessions. The quality of the team’s stadiuj and promotions. The strengtgh of on-field leadership and coaching. The numbeer of championships won or likely to be won durinfgthe fan’s lifetime.
How much effort player s put in to the game and how likable they are off the And how openthe players, coaches and management are to the In the "overall" rankings, the local franchises were all abover median: the Patiots ranked highestf at 19, followed by the Celtics (20th), Bruins (56th) and Red Sox (58th). The top-rated franchisde overall was the Los Angeles while its neighbor the ranked When it came to ownership the RedSox (13th), Celtica (17th) and Patriots all fared well. However, the Bruins and their oft-criticized owner, Jeremy Jacobs, ranked in the botto m half at 71. Affordability appears to be a poinf of contention among local fansas well.
All four of the local pro teams ranked in the bottom half of theaffordabilith rankings, with the Red Sox falling near the bottom of the barrel of the entirwe 122-team field. The Bruin's ranked 97th in while the Patriots (96th) ad Celticse (75th) rounded out the The full list and expanded methodologt can befound . Los Angeles Business contributed tothis
That's according to a recentr ESPN ranking of all 122 franchises inthe , the , the and . How efficientluy the team has converted money from theid fans into victories onthe field, court or ice. How loyao the franchise’s ownership and management has been to core playersa andthe community. The price of tickets, parkinfg and concessions. The quality of the team’s stadiuj and promotions. The strengtgh of on-field leadership and coaching. The numbeer of championships won or likely to be won durinfgthe fan’s lifetime.
How much effort player s put in to the game and how likable they are off the And how openthe players, coaches and management are to the In the "overall" rankings, the local franchises were all abover median: the Patiots ranked highestf at 19, followed by the Celtics (20th), Bruins (56th) and Red Sox (58th). The top-rated franchisde overall was the Los Angeles while its neighbor the ranked When it came to ownership the RedSox (13th), Celtica (17th) and Patriots all fared well. However, the Bruins and their oft-criticized owner, Jeremy Jacobs, ranked in the botto m half at 71. Affordability appears to be a poinf of contention among local fansas well.
All four of the local pro teams ranked in the bottom half of theaffordabilith rankings, with the Red Sox falling near the bottom of the barrel of the entirwe 122-team field. The Bruin's ranked 97th in while the Patriots (96th) ad Celticse (75th) rounded out the The full list and expanded methodologt can befound . Los Angeles Business contributed tothis
Sunday, October 2, 2011
UM law professor charged with soliciting sex - 7Online WSVN-TV
iqukikofor.wordpress.com
7Online WSVN-TV | UM law professor charged with soliciting sex 7Online WSVN-TV MIAMI (WSVN) -- A local university professor is in police custody after authorities say he solicited sex. University of Miami law professor Donald Jones has been charged with a misdemeanor of soliciting sex from an undercover officer. ... Second arrest for UM ! law professor UM Law Professor D. Marvin Jones Arrested for Soliciting Prostitution, Again UM professor accused of offering undercover cop money for sex |
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