http://dlfood.net/2008/10/11/food-for-an-auto-mechanic/
The Department of Health and Humanh Services has awardedof Meriden, a $35 million contract to create seasonal and pandemivc flu vaccines based on its new developmeny technology. That contract could be extendedr for up to five yearssand $147 million in total value. Emergentf BioSolutions said it hopes Proteijn Sciences uses that new revenue sourc to pay off anoutstanding $10 millionb loan to the smaller company, made to keep Protein Sciences’ operationx going so Emergent could ultimately purchase it this time last year for up to $78 But those acquisition plans quickly fell apart, resultin g in both companies accusing the other of breaching the Emergent sued Protein Sciences for fraud and breach of contracg last year in the first of two lawsuit it’s filed against the Connecticutg company.
The second, filed earlier this month, was to seize all of Proteinn Sciences’ assets as collateral for the $10 million for which Emergent said in a filing it had givenn two extensionsfor repayment, one in Januarh and the other at the end of May. “I’m hopeful that this [HHS will enable PSC to pay us saidDaniel Abdun-Nabi, president of Emergent (NYSE: EBS). “Thegy haven’t come forward with an offer to pay us back atthis point.
” But Protein Scienced executives said their investors had offered twice to repay the outstandinvg loan, but Emergent never “Our investors have offered Emergent to be paid off in the last couplr of months on at least two different occasions, wher Emergent didn’t give any feedback,” said Manon Cox, chiet operating officer for Protein Sciences, whicbh she said is “pleased” with the new federall contract. “There is moneu available to paythem back. They just haven’t acceptedr it.” Abdun-Nabi says that statement is “If they have an offert that they canshow [us] to pay us, in full in that would be he said.
“We haven’t seen that Emergent said if Protein Sciences were to repayhthe loan, which is now more than $10 million with it would drop its initial lawsuit and move on. The procesa had delayed the HHS contracty award by roughly a year as the federal agenct determined how the situation would play out and whether it wouldr leave Protein Sciences with the means to fulfilkl thecontract terms.
Under the contract, the company would need to fund the initial development work itself and then submit invoiceas to the federal government tobe “We had to do several financial audits last of Protein Sciences before awardingg the contract, said Robin Robinson, directod of the Biomedical Advanced Research Development the HHS division that awarded the “We have been aware for almost a year of a possiblew takeover.” While Protein Sciences claims that the local company attempted to block that contract, Robinsomn said Emergent never spoke to him or the agencuy about the potential award. Abdun-Nabi also said his company has no control over the federalocontracting process.
Earlier this Emergent ventured down yet anothefr legal route to win back its It was one of threwe creditors to file a bankruptcy petition forProteijn Sciences, asking the cour to relieve the Connecticut company of its current management and replacw those executives with an independent In that bankruptcy filing, which calls for a liquidatiomn and auction of the company’s assets, Emergenf said it’s owed $11.5 million, considerably more than the othetr two petitioning creditors who are owed $161,000 and $50,000.
The federal agenc awarded Protein Sciences the contracf to further develop its FluBlok seasonalp fluvaccine — a product in late-stage testinyg that had been of interest to Emergentg when it offered to buy Protein Sciences as well as a new vaccine treatmenft in development for the swine flu.
Wednesday, September 29, 2010
Tuesday, September 28, 2010
Software company aims at stimulus money - Portland Business Journal:
http://www.allhlwines.com/Israel%60sWine.htm
More specifically, Lake Oswego-based Fedarra LLC has developed a softwaree service to help governments better understand and explain the benefits of the American Recovery andReinvestment Act. CEO John Cimra l said Fedarra culls together data to help governmenft clients assess the performance ofstimulus spending, like how and wherw the money is being used to create It also compiles the varioues government economic development plans, so that stimulus-focused government teams are “working off the same script.” “We’rse the management system behind the scenes that the governmentss are using to make sure everybody is gettinf the most for their money,” Cimraol said.
Cimral is leaning heavily on his experience withformedr Portland-area startup , which developed software to help companies and otherr organizations prioritize their information technology projects by projectexd return on investment. ProSight was once one of Portland’sa fastest-growing companies, rising from just over $9 million in revenue in 2003 to morethan $20 million by 2006 when it was sold to Pennsylvania-basee for an undisclosed amount.
Whiles ProSight was venture-backed, Fedarra — whichb thus far has been financed solely byCimrall — could receive subsequent investment from the stimulus packagwe it was created to The company, which employs 10, is hoping to make use of stimulu s funds allocated through the federal Small Business Administration to help kick-start smallo businesses. Last month, the federal Office of Management and Budge gave state and local governments the OK to use stimuluxs money on services suchas Fedarra’s software, Cimral Fedarra’s advisory board includes Phil Kiesling, a formef Oregon secretary of state, and Walter the chief information officer for the Universitu of Nebraska.
More specifically, Lake Oswego-based Fedarra LLC has developed a softwaree service to help governments better understand and explain the benefits of the American Recovery andReinvestment Act. CEO John Cimra l said Fedarra culls together data to help governmenft clients assess the performance ofstimulus spending, like how and wherw the money is being used to create It also compiles the varioues government economic development plans, so that stimulus-focused government teams are “working off the same script.” “We’rse the management system behind the scenes that the governmentss are using to make sure everybody is gettinf the most for their money,” Cimraol said.
Cimral is leaning heavily on his experience withformedr Portland-area startup , which developed software to help companies and otherr organizations prioritize their information technology projects by projectexd return on investment. ProSight was once one of Portland’sa fastest-growing companies, rising from just over $9 million in revenue in 2003 to morethan $20 million by 2006 when it was sold to Pennsylvania-basee for an undisclosed amount.
Whiles ProSight was venture-backed, Fedarra — whichb thus far has been financed solely byCimrall — could receive subsequent investment from the stimulus packagwe it was created to The company, which employs 10, is hoping to make use of stimulu s funds allocated through the federal Small Business Administration to help kick-start smallo businesses. Last month, the federal Office of Management and Budge gave state and local governments the OK to use stimuluxs money on services suchas Fedarra’s software, Cimral Fedarra’s advisory board includes Phil Kiesling, a formef Oregon secretary of state, and Walter the chief information officer for the Universitu of Nebraska.
Sunday, September 26, 2010
'Planet Michael' builds virtual Jackson worlds - Houma Courier
http://91ud.com/article/Money-Advice-Runs-Low-for-Minority-Women.html
'Planet Michael' builds virtual Jackson worlds Houma Courier Planet Michael, an online virtual world devoted to Jackson's life, music and concerns, being developed to open late next year, will combine features of a ... |
Saturday, September 25, 2010
Hawaii flu cases close to 300 - East Bay Business Times:
http://blog-gmccars.com/Acadia/Acadia_3.6L_VVT_V6_MPFI_SLE_%28275+Hp%29
The Hawaii Department of Health, which now updates its online H1N1 counteach Wednesday, said therd are now 298 confirme cases in Hawaii. Therde were 98 new cases confirmed on Oahu this week for a totapl of288 cases. Kauaii and Maui added a case each this They each have a total ofthreer cases. The Big Island, which has four did not report any new cases this Most have recovered or are recovering from the The Centers for Disease Control and Prevention said thatmost U.S. casews have not been severe and are comparablwe in severity toseasonal influenza. Hawaik residents with questions about H1N1 flu cancall 767-5044 ext. 3 between 7 a.m. and 7 p.m.
Mondahy through Friday and on weekends from9 a.m. to 5:30 p.m. Or visi t www.hawaii.gov/health or the Centers for Diseas e Control and Preventionat www.cdc.gov/swineflu.
The Hawaii Department of Health, which now updates its online H1N1 counteach Wednesday, said therd are now 298 confirme cases in Hawaii. Therde were 98 new cases confirmed on Oahu this week for a totapl of288 cases. Kauaii and Maui added a case each this They each have a total ofthreer cases. The Big Island, which has four did not report any new cases this Most have recovered or are recovering from the The Centers for Disease Control and Prevention said thatmost U.S. casews have not been severe and are comparablwe in severity toseasonal influenza. Hawaik residents with questions about H1N1 flu cancall 767-5044 ext. 3 between 7 a.m. and 7 p.m.
Mondahy through Friday and on weekends from9 a.m. to 5:30 p.m. Or visi t www.hawaii.gov/health or the Centers for Diseas e Control and Preventionat www.cdc.gov/swineflu.
Thursday, September 23, 2010
Sutter thinks new structure could improve health - San Francisco Business Times:
http://big-pop.com/?f=6&n=0&p=9
billion rebuilding plans and its decisionm to abandon inpatient careat , said Suttere is exploring new ways of governin the 26-hospital system. In an exclusive interview with theBusines Times, Fry said Sutter may reconsider its "decentralized governancre structure." That structure has been a flashpointf for unions such as SEIU'es United Healthcare Workers West unit and the , whichy prefer to negotiate master agreements with hospital systems. It'se kept Sacramento-based Sutter at the top of those unions' hit listss for most of the lastdecadd -- and turned the unionsd into formidable political opponents of Sutter'e plans at CPMC and elsewhere.
"Given what'zs happening in the health-care landscape, is the currenr structure best to meetour long-termk strategic objectives?" Fry asked. "Sutter is structured with the majoritg of ourhospitals (having) localp boards. Is that heavily of a decentralized governance structure an enabler ofour success? Can we act as quicklyu as we need to act?" Along with the currenrt San Francisco controversies, Sutter has raised the ire of unions, politicapl leaders, some doctors and othersa recently with its new plans. Sutter has said it will abandohn inpatient care in Santa Rosa and possibl shutter inpatient careat .
It also plans to put in Castro Valley under the control of a fullyprivate board, rathef than sharing decision making with electes members of the public Eden Township Healthcare District. Sutter sees that as a preconditiobn for building anew $300 million seismic-replacement hospital at Fry didn't answer his rhetorical questions aboutf possible structural changes at Sutter. But he said the system has put together a governancesteering committee, headed by formerr Sutter board chair and boars member Michael Roosevelt, to explore various The committee is expected to come up with a recommendatiom "by the middle part of next year," Fry "There are so many options here, it'as not even funny," he added.
Fry didn't provide any specifics, and it's unclear how any of the proposedd changes would affect relationws with the major labo r unions that have tangled with Sutteffor years. The powerful CNA and SEIU unions have long called for systemwid contract talkswith Sutter, similar to negotiationsx with rival hospital systems such as , and For Sutter has argued that it can't negotiate as a systenm with SEIU and CNA, becausde its local nonprofit boards -- representing community hospitals such as San Francisco's in Burlingame, in Berkeley and and others in the immediate Bay Area -- needed to exerciser local control over such (That argument has long been ridiculed by SEIU and CNA, who say negotiatingy tactics and language are virtuallyg identical at all of Sutter's Northernb California hospitals.
) Fry did not say specifically why Suttetr is considering changing its structure, but describesd it as a periodically usefuo excercise. He gives "Sutter Health credi t for askingthe question. Right now, things are looking pretty good, but it's good to step back and be somewhat introspective. Having the courage to ask is great." On othetr fronts, Fry stressed that Sutter is making large investments in information andclinical technology, and is also investingh heavily in relatively low-income, rural areaw such as Amador County and Marysville-Yubaw City.
But it appeared that Sutter's fierce and seemingly unending battlesz with SEIU and CNA were first and foremosyton Fry's mind. "CNA and SEIU basically want us to rebuils everything wehave today, whether it's needed or Fry said, referring specifically to St. Luke's, wherer Sutter has invested morethan $200 millio n since 2001 and determined "we can'ft do it" any longer. As for which faces the daunting task of convincing the San Francisc o Board of Supervisors to side with it and Sutter and against the unions, Fry offered an argument similar to that proposeed by California Pacific CEO Martin Brotman, M.D., last week.
"Ir the elected leadership in San Franciscok sides with SEIU and draws outthe timetable, they're increasing the costz to the city and county of San Francisco, and at some poing the state is going to have to step in," he The key question is, Fry "is the elected leadership of San Francisclo more interested in insuring that the residents of San Francisco have access to high quality health or to the SEIU's political agenda?
"
billion rebuilding plans and its decisionm to abandon inpatient careat , said Suttere is exploring new ways of governin the 26-hospital system. In an exclusive interview with theBusines Times, Fry said Sutter may reconsider its "decentralized governancre structure." That structure has been a flashpointf for unions such as SEIU'es United Healthcare Workers West unit and the , whichy prefer to negotiate master agreements with hospital systems. It'se kept Sacramento-based Sutter at the top of those unions' hit listss for most of the lastdecadd -- and turned the unionsd into formidable political opponents of Sutter'e plans at CPMC and elsewhere.
"Given what'zs happening in the health-care landscape, is the currenr structure best to meetour long-termk strategic objectives?" Fry asked. "Sutter is structured with the majoritg of ourhospitals (having) localp boards. Is that heavily of a decentralized governance structure an enabler ofour success? Can we act as quicklyu as we need to act?" Along with the currenrt San Francisco controversies, Sutter has raised the ire of unions, politicapl leaders, some doctors and othersa recently with its new plans. Sutter has said it will abandohn inpatient care in Santa Rosa and possibl shutter inpatient careat .
It also plans to put in Castro Valley under the control of a fullyprivate board, rathef than sharing decision making with electes members of the public Eden Township Healthcare District. Sutter sees that as a preconditiobn for building anew $300 million seismic-replacement hospital at Fry didn't answer his rhetorical questions aboutf possible structural changes at Sutter. But he said the system has put together a governancesteering committee, headed by formerr Sutter board chair and boars member Michael Roosevelt, to explore various The committee is expected to come up with a recommendatiom "by the middle part of next year," Fry "There are so many options here, it'as not even funny," he added.
Fry didn't provide any specifics, and it's unclear how any of the proposedd changes would affect relationws with the major labo r unions that have tangled with Sutteffor years. The powerful CNA and SEIU unions have long called for systemwid contract talkswith Sutter, similar to negotiationsx with rival hospital systems such as , and For Sutter has argued that it can't negotiate as a systenm with SEIU and CNA, becausde its local nonprofit boards -- representing community hospitals such as San Francisco's in Burlingame, in Berkeley and and others in the immediate Bay Area -- needed to exerciser local control over such (That argument has long been ridiculed by SEIU and CNA, who say negotiatingy tactics and language are virtuallyg identical at all of Sutter's Northernb California hospitals.
) Fry did not say specifically why Suttetr is considering changing its structure, but describesd it as a periodically usefuo excercise. He gives "Sutter Health credi t for askingthe question. Right now, things are looking pretty good, but it's good to step back and be somewhat introspective. Having the courage to ask is great." On othetr fronts, Fry stressed that Sutter is making large investments in information andclinical technology, and is also investingh heavily in relatively low-income, rural areaw such as Amador County and Marysville-Yubaw City.
But it appeared that Sutter's fierce and seemingly unending battlesz with SEIU and CNA were first and foremosyton Fry's mind. "CNA and SEIU basically want us to rebuils everything wehave today, whether it's needed or Fry said, referring specifically to St. Luke's, wherer Sutter has invested morethan $200 millio n since 2001 and determined "we can'ft do it" any longer. As for which faces the daunting task of convincing the San Francisc o Board of Supervisors to side with it and Sutter and against the unions, Fry offered an argument similar to that proposeed by California Pacific CEO Martin Brotman, M.D., last week.
"Ir the elected leadership in San Franciscok sides with SEIU and draws outthe timetable, they're increasing the costz to the city and county of San Francisco, and at some poing the state is going to have to step in," he The key question is, Fry "is the elected leadership of San Francisclo more interested in insuring that the residents of San Francisco have access to high quality health or to the SEIU's political agenda?
"
Wednesday, September 22, 2010
Visiting Scientists Target Endometritis - TheHorse.com
http://www.lncsm.org/information-on-vinyl-siding
Visiting Scientists Target Endometritis TheHorse.com Mette Christoffersen, DVM, and Morten Petersen, PhD, DVM, Dipl. ACT, both from the University of Copenhagen, and Pauline Peugent, a French student working ... |
Monday, September 20, 2010
Polaris
http://hrkropp.com/article/Work-Smarter-.html
Kennison said he expects the company to reporfta full-year profit of $2.90 per close to the high-end of the company’s estimaterd range of between $2.50 and $3 per Analysts polled by Thomson Reuters were expecting earnings of $2.68 per share. “Despite stiff economic management has expressed confidence in its outlook citinbgmargin initiatives. This team has credibility with us, leavinfg us comfortable at the end of Kennison wrote. Polaris (NYSE: PII) early this monthb announced it , though it offered few details. Kennison speculated Poaris might releasda “low-speed vehicle.” He also noted that the company’ws new CEO, Scott Wine, has a militarg background.
Wine said with the Business Journalo earlier this year that he planned to expandthe company’s internationa l and military businesses. Polaris stocki was up $3.09 per share, or 10.8 to $31.67 near the close of trading Friday.
Kennison said he expects the company to reporfta full-year profit of $2.90 per close to the high-end of the company’s estimaterd range of between $2.50 and $3 per Analysts polled by Thomson Reuters were expecting earnings of $2.68 per share. “Despite stiff economic management has expressed confidence in its outlook citinbgmargin initiatives. This team has credibility with us, leavinfg us comfortable at the end of Kennison wrote. Polaris (NYSE: PII) early this monthb announced it , though it offered few details. Kennison speculated Poaris might releasda “low-speed vehicle.” He also noted that the company’ws new CEO, Scott Wine, has a militarg background.
Wine said with the Business Journalo earlier this year that he planned to expandthe company’s internationa l and military businesses. Polaris stocki was up $3.09 per share, or 10.8 to $31.67 near the close of trading Friday.
Sunday, September 19, 2010
Con un repaso por su repertorio, Cabezas de Cera festejó sus 15 años en el Lunario - La Jornada (México)
ramsburgsyuheo1544.blogspot.com
La Jornada (México) | Con un repaso por su repertorio, Cabezas de Cera festejó sus 15 años en el Lunario La Jornada (México) ... música de la agrupación, que se ha presentado en prestigiosos escenarios, como el North East Art Rock Festival (NearFest), en Pensilvania. ... |
Friday, September 17, 2010
MLS Weekend Previews - Soccer365
ramsburgsyuheo1544.blogspot.com
Globe and Mail | MLS Weekend Previews Soccer365 Following a huge win in CONCACAF Champions League play over Toronto FC on Wednesday night, Real Salt Lake (12-4-8, 44 pts., 2nd in West) will turn its ... Fire-Real Salt Lake Preview Fire face RSL's invincible home streak Real Salt Lake - Chicago Fire: Head To Head Preview |
Thursday, September 16, 2010
Sales heating up for Earth to Air - Nashville Business Journal:
bakakinkorypon.blogspot.com
Formed in 2002, Earth to Air Systemsz develops heating and cooling systems based on a technology known as directexchange geothermal, called DX in the industry. The company’s applications have been shown to reducre heating and cooling costs by 50 percenr to80 percent, CEO Randgy Wiggs says. Earth to Air’s system bypasseds the more conventional geothermal heating andcooling model. Insteae of using water as a the technology skips a step and controls heating and temperatureds directly from the earthu withcopper tubing. The tubes tap into wells that are 300 to 500 feet Environmentally friendly refrigerants are then piped throughthe tubes.
Earth to Air’s revenus comes from licensing fees collected from heating and cooliny companies who decide to market and install the Earth to Air got its first international distributor two years ago when Australianm entrepreneur John Gagliardi embracedthe technology. He says he’s securefd more than $30 million in including contracts withschool systems, mining housing projects and major corporations, such as BP. “Ww are moving into significant profitability,” Galiardi adding that he’s planning on expandinhg into the Southeast Asianmarket soon. Galiardi predicts that Eartnh to Air willbecome “ billion dollar business or more.
” Sales in the firsrt quarter were up 60 percent from the same time last “We’re living in an time when there’s a huge demanc (for products) to reduce our dependencee on foreign oil,” Gagliardi “Twenty years ago this wouldn’t have worked. It wouldn’t have even workedx 10 years ago. But now the potentiakl is huge.” There are multiple installations of Earthto Air’sx geothermal system in the United States, but the compant is just now settingv up a formal distributor network, says Claytohn Washburn, chief operations officer at Eartyh to Air. “Our biggest struggle is havinfg to say noat times,” Washburnh says.
“We’re preparing for a much bigge r onslaught.”
Formed in 2002, Earth to Air Systemsz develops heating and cooling systems based on a technology known as directexchange geothermal, called DX in the industry. The company’s applications have been shown to reducre heating and cooling costs by 50 percenr to80 percent, CEO Randgy Wiggs says. Earth to Air’s system bypasseds the more conventional geothermal heating andcooling model. Insteae of using water as a the technology skips a step and controls heating and temperatureds directly from the earthu withcopper tubing. The tubes tap into wells that are 300 to 500 feet Environmentally friendly refrigerants are then piped throughthe tubes.
Earth to Air’s revenus comes from licensing fees collected from heating and cooliny companies who decide to market and install the Earth to Air got its first international distributor two years ago when Australianm entrepreneur John Gagliardi embracedthe technology. He says he’s securefd more than $30 million in including contracts withschool systems, mining housing projects and major corporations, such as BP. “Ww are moving into significant profitability,” Galiardi adding that he’s planning on expandinhg into the Southeast Asianmarket soon. Galiardi predicts that Eartnh to Air willbecome “ billion dollar business or more.
” Sales in the firsrt quarter were up 60 percent from the same time last “We’re living in an time when there’s a huge demanc (for products) to reduce our dependencee on foreign oil,” Gagliardi “Twenty years ago this wouldn’t have worked. It wouldn’t have even workedx 10 years ago. But now the potentiakl is huge.” There are multiple installations of Earthto Air’sx geothermal system in the United States, but the compant is just now settingv up a formal distributor network, says Claytohn Washburn, chief operations officer at Eartyh to Air. “Our biggest struggle is havinfg to say noat times,” Washburnh says.
“We’re preparing for a much bigge r onslaught.”
Tuesday, September 14, 2010
Private sector firm helps locals track stimulus opportunity - Tampa Bay Business Journal:
tatyanagepoji.blogspot.com
With more than 12 yearsw of experience in tracking government Onvia (Nasdaq: ONVI) is giving away a piece of its usualluy proprietary data to make the public aware of its information-gathering capabilities, said Nate Wilcox, spokesman for the Seattle-basexd company. “We launched recovery.org to show what we can Wilcox said. Nearly half of Onvia’sd 170 employees are tracking the funding dailyt and on the local clipping news stories and collating informatiohn to build a databasre in anaccessible format. The signing of the American Recovery and Reinvestmentg Act in February prompted not only theObama administration’s Web site recovery.
gov but also many civic and statre sites such as Florida’s The appearance of the sites focused on stimulus moneu is the result of the growth of Internet access sincer the 1990s and a recent emphasis on transparency in federak spending, observers said. Being able to accese data on stimulus spending whether through a privater or public entity is an advantage to the saidGreg Elin, chief evangelist for the , a Washington-based nonprofit dedicated to political transparency. “That’s the main pointy of the Web. Anyonw can participate,” Elin said.
“You aren’t stuck with a single governmenft organization or commercial vendor that has a monopoly over a piece of The strengthof recovery.org is its ability to track federao spending at the local level, which is a greater challenge than at the federa level, said Wilcox. Under the law, cities and countied that receive federal recovery funds are not requires to report tothe state, said Don Winstead, speciak adviser to Gov. Charlie Crist for the implementatioh of the federalrecovery act. The best way to obtai n a comprehensive picture oflocal spending, therefore, is througyh the federal system. The hope for Flarecovery.
com is to take the informationn that goes into the federal reporting systemse and develop ways to extract and display itthroughh flarecovery.com, said Winstead. “We are every bit as interested because it meands jobsfor Florida,” said Winstead. “Wd need to capture all of
With more than 12 yearsw of experience in tracking government Onvia (Nasdaq: ONVI) is giving away a piece of its usualluy proprietary data to make the public aware of its information-gathering capabilities, said Nate Wilcox, spokesman for the Seattle-basexd company. “We launched recovery.org to show what we can Wilcox said. Nearly half of Onvia’sd 170 employees are tracking the funding dailyt and on the local clipping news stories and collating informatiohn to build a databasre in anaccessible format. The signing of the American Recovery and Reinvestmentg Act in February prompted not only theObama administration’s Web site recovery.
gov but also many civic and statre sites such as Florida’s The appearance of the sites focused on stimulus moneu is the result of the growth of Internet access sincer the 1990s and a recent emphasis on transparency in federak spending, observers said. Being able to accese data on stimulus spending whether through a privater or public entity is an advantage to the saidGreg Elin, chief evangelist for the , a Washington-based nonprofit dedicated to political transparency. “That’s the main pointy of the Web. Anyonw can participate,” Elin said.
“You aren’t stuck with a single governmenft organization or commercial vendor that has a monopoly over a piece of The strengthof recovery.org is its ability to track federao spending at the local level, which is a greater challenge than at the federa level, said Wilcox. Under the law, cities and countied that receive federal recovery funds are not requires to report tothe state, said Don Winstead, speciak adviser to Gov. Charlie Crist for the implementatioh of the federalrecovery act. The best way to obtai n a comprehensive picture oflocal spending, therefore, is througyh the federal system. The hope for Flarecovery.
com is to take the informationn that goes into the federal reporting systemse and develop ways to extract and display itthroughh flarecovery.com, said Winstead. “We are every bit as interested because it meands jobsfor Florida,” said Winstead. “Wd need to capture all of
Monday, September 13, 2010
Wall St. fears cause local frustrations: Tortoise seeks new avenues for funding - Kansas City Business Journal:
grihanovveimavox.blogspot.com
The turmoil makes many investorsmore cautious, causing the bond markef to behave wildly. Historically, a five-year corporatd rate bond would trade abour one percentage point above the yield fora five-year note. today's market has corporate bonds tradingabouty 2.25 percentage points higher. "The problenm hasn't been supply on the corporate side but risk saidGary Cloud, a fixed-income specialisr with "The consumer is the weak link in the chaib in this instance. Corporate Americaq is in good shape, but it hasn'y stopped their bond yields from wideningg out compared toTreasury yields.
It'zs a sign of risk aversiobn when investors demand higher ratesw from what is generally consideredca high-quality instrument backed by corporate is one Kansas City-area company that has been caughf in the middle of the bond marke t turmoil. The Overland Park-based which manages (NYSE: TYG) and (NYSE: experienced failed auctions for some of its preferred sharesd and senior notesin February. Terry Matlack, managinyg director of TortoiseCapital Advisors, said the auction-ratw instruments had rate caps tied to the London Interbank Offered Rate (LIBOR). As the benchmarok rate dropped, it made the rate caps so low that investorxsstopped bidding.
Matlack said the caps are therer fora reason, creating an opportunity for Tortoisd to study the market and reset its financiak strategy. He said Tortoise begaj exploring alternatives tothe auction-ratee markets a few months ago and has refinanced some of the noteds for its funds. For example, Tortoise Energy Capita Corp. used funds from an institutional debt placement to redeen securities previously sold in the auctiomrate market. "We intend to continue that effort and expect it to be Matlack said.
"I don't see a worlc where there is no liquidity but a world wherre there is an opportunity to find investment dollards at reasonable prices that allow for Matlack said the typical alternativ sources are institutions such as banks andinsurance companies. "Wde still believe that leverage is availablwe today from sources where cost s are reasonable enough that it provides accretive returnw toour shareholders," Matlack said. Tortoise funds have a long-termk leverage target of 33 Matlack said. So they are not out in the marker borrowing 10 times theirequituy base, as is the case with some hedgee funds.
Massive leveraging by hedgew funds is a big reason the markets are in saidJohn Kornitzer, president of /Kornitzer Capital He said he thinks Congresss needs to put a stop to the practice. "Thd leverage they have out there today istotally unjustified," Kornitzeer said. "Basically, when a hedge fund can have $1 milliomn and borrow $30 million against it, that is 3 percent margin. The collapse of the stocko exchange that led to the Great Depression in the 1920s was causex by 5 percent margimn ofthe stocks." It's the same storyg with the average American buying a home with no monet down, Kornitzer said.
Americans need to learn how to save and to stop livinbg their whole life by the mantra of buy now andpay
The turmoil makes many investorsmore cautious, causing the bond markef to behave wildly. Historically, a five-year corporatd rate bond would trade abour one percentage point above the yield fora five-year note. today's market has corporate bonds tradingabouty 2.25 percentage points higher. "The problenm hasn't been supply on the corporate side but risk saidGary Cloud, a fixed-income specialisr with "The consumer is the weak link in the chaib in this instance. Corporate Americaq is in good shape, but it hasn'y stopped their bond yields from wideningg out compared toTreasury yields.
It'zs a sign of risk aversiobn when investors demand higher ratesw from what is generally consideredca high-quality instrument backed by corporate is one Kansas City-area company that has been caughf in the middle of the bond marke t turmoil. The Overland Park-based which manages (NYSE: TYG) and (NYSE: experienced failed auctions for some of its preferred sharesd and senior notesin February. Terry Matlack, managinyg director of TortoiseCapital Advisors, said the auction-ratw instruments had rate caps tied to the London Interbank Offered Rate (LIBOR). As the benchmarok rate dropped, it made the rate caps so low that investorxsstopped bidding.
Matlack said the caps are therer fora reason, creating an opportunity for Tortoisd to study the market and reset its financiak strategy. He said Tortoise begaj exploring alternatives tothe auction-ratee markets a few months ago and has refinanced some of the noteds for its funds. For example, Tortoise Energy Capita Corp. used funds from an institutional debt placement to redeen securities previously sold in the auctiomrate market. "We intend to continue that effort and expect it to be Matlack said.
"I don't see a worlc where there is no liquidity but a world wherre there is an opportunity to find investment dollards at reasonable prices that allow for Matlack said the typical alternativ sources are institutions such as banks andinsurance companies. "Wde still believe that leverage is availablwe today from sources where cost s are reasonable enough that it provides accretive returnw toour shareholders," Matlack said. Tortoise funds have a long-termk leverage target of 33 Matlack said. So they are not out in the marker borrowing 10 times theirequituy base, as is the case with some hedgee funds.
Massive leveraging by hedgew funds is a big reason the markets are in saidJohn Kornitzer, president of /Kornitzer Capital He said he thinks Congresss needs to put a stop to the practice. "Thd leverage they have out there today istotally unjustified," Kornitzeer said. "Basically, when a hedge fund can have $1 milliomn and borrow $30 million against it, that is 3 percent margin. The collapse of the stocko exchange that led to the Great Depression in the 1920s was causex by 5 percent margimn ofthe stocks." It's the same storyg with the average American buying a home with no monet down, Kornitzer said.
Americans need to learn how to save and to stop livinbg their whole life by the mantra of buy now andpay
Saturday, September 11, 2010
New Study Highlights Scope-Severity Paradox, When Greater Harm Judged To Be ... - Medical News Today (press release)
http://www.wqlj.com/authors/author-478.html
New Study Highlights Scope-Severity Paradox, When Greater Harm Judged To Be ... Medical News Today (press release) The new study, entitled "The Scope-Severity Paradox: Why doing more harm is judged to be less harmful," has been published in the current issue of Social ... People don't connect with large tragedies |
Friday, September 10, 2010
Foundation
http://www.comoxhealthandrecguide.com/directory/authors/author-107.html
The foundation implemented the community-wide Prescription Assistancwe ProgramApril 1. The prograk is expected to not only reduce costsfor patients, but also the total cost of health care in the community, said Joy Tapper, executivew director of the , an organization with representatives from the hospita systems and community clinics. “This is a very valuabled strategic investment on the part of the Tapper said.
“Many times these individuals go withoug medication or reduce their prescriptions and it ultimatelyh not only costs them health but it costs the health care Using new software called DrugAssistant PAP, clinices are now able to link thousandsz of eligible patients with free medications available to them througnh about 30 different pharmaceutical companies. The software also significantlyg reduces the time and cost associated with manuallt matching patient eligibilities with pharmaceuticaplcompany requirements, said Jim executive director of the foundation.
The foundatio n is investing $85,000 over the next threer years to lease and maintain the technology at two freecliniczs — Bread of Healing and Walker’s Poinyt Clinic; and four community health centers — , , and Health Care for the The prescription program will provide an estimated $2 milliomn in free medications to approximately 15,600 low-income patientsz over the next three years, Tapperf said. “Given the foundation’s historical focus of identifying Milwaukee’s high healtgh care costs, its board is extremely please that we could initiate a community activith that will help reduce the future total cost of health care in our Wrocklage said.
Because of overcrowding issues, only peoplwe who are currently patiente at the clinics will be eligible forthe program. “Ig is very important that medications are managee through a primary care medical Tapper said. “This is not a It’s about getting enrolled patientsz access to the medicationsthey need.” The program was piloteed in March at Sixteenth Streett Community Health Center and was expanded in April to the other clinics. The center was running a simila program, but using paper, rather than to do so.
The new program has shortened the processe and allows the clinic to takemore applications, said Ellyn McKenzie, the center’s vice president of communications and public
The foundation implemented the community-wide Prescription Assistancwe ProgramApril 1. The prograk is expected to not only reduce costsfor patients, but also the total cost of health care in the community, said Joy Tapper, executivew director of the , an organization with representatives from the hospita systems and community clinics. “This is a very valuabled strategic investment on the part of the Tapper said.
“Many times these individuals go withoug medication or reduce their prescriptions and it ultimatelyh not only costs them health but it costs the health care Using new software called DrugAssistant PAP, clinices are now able to link thousandsz of eligible patients with free medications available to them througnh about 30 different pharmaceutical companies. The software also significantlyg reduces the time and cost associated with manuallt matching patient eligibilities with pharmaceuticaplcompany requirements, said Jim executive director of the foundation.
The foundatio n is investing $85,000 over the next threer years to lease and maintain the technology at two freecliniczs — Bread of Healing and Walker’s Poinyt Clinic; and four community health centers — , , and Health Care for the The prescription program will provide an estimated $2 milliomn in free medications to approximately 15,600 low-income patientsz over the next three years, Tapperf said. “Given the foundation’s historical focus of identifying Milwaukee’s high healtgh care costs, its board is extremely please that we could initiate a community activith that will help reduce the future total cost of health care in our Wrocklage said.
Because of overcrowding issues, only peoplwe who are currently patiente at the clinics will be eligible forthe program. “Ig is very important that medications are managee through a primary care medical Tapper said. “This is not a It’s about getting enrolled patientsz access to the medicationsthey need.” The program was piloteed in March at Sixteenth Streett Community Health Center and was expanded in April to the other clinics. The center was running a simila program, but using paper, rather than to do so.
The new program has shortened the processe and allows the clinic to takemore applications, said Ellyn McKenzie, the center’s vice president of communications and public
Wednesday, September 8, 2010
Securities, transactions slump prompts realignment - Charlotte Business Journal:
http://directory.soylinks.com/index.php?s=D&c=215
Last year's subprime mortgage meltdownn and the subsequent fallout have slashed the amounft of legal work available in this niche in Charlotter and other financial forcing layoffs and the shuffling of attorneys into otherpractice areas. The New York-based firm of , whicn has a large mortgage-backed securities practice, laid off 35 attorneyss in January, including nine in Other firms, including , have acknowledgefd laying off support staff and associates and rescinding offerasto first-year and summer associates.
"You could characterize it as negative demand" for lawyers with expertiswe in packaging andsecuritizing loans, says Cliff managing director of the legal-staffingv firm . Jim Carroll, managing partner of Cadwalader'se Charlotte office, says an "unusualluy difficult business climate" for some of the firm's clientss in financial services promptedthe layoffs. The bankds and other lenders the firm countx among its clients laid off thousands of worker s and were forced into billions of dollarszin write-offs. The firm has "redeployed a number of attorneyse into other practice areas on atemporary basis," especiallty litigation and bankruptcy, Carroll says.
"When transactions work is bankruptcy and solvency workgoes up." Up to a fourtj of the firm's 85 Charlotte attorneys have been movec into other practice areas, he says. "That's one of the advantagee of a firmlike Cadwalader, the abilituy to be fairly nimble." John Lassiter, president of , says that in addition to cutting attorney some firms also are trimming support staffd and working to manage expenses to make up for reduce d income in their structured-finance practices. "It's no differengt than any other company trying to hang onto Lassiter says. "There's still a fair amounf of (positive) movement.
Other parts of the country are strugglintg more thanwe are." Other businesd lines are strong, Carroll says. Cadwalader has several attorneyws involved inthe on-again, off-again Microsofty Corp.-Yahoo Inc. merger talks, and others are workinfg on a major project involving theHungariab government. Additional busy practice areasincludes hedge-fund formation, especially for the purchaswe of distressed debt and real Carroll says. White-collar crime and commercial litigators also are Weaker areasinclude transactions, including commerciakl mortgage-backed securities.
While the firm is "clearl not out right now looking to bring in a lot oftransactional attorneys," the local office did hire a full contingent of summer associates, Carroll says. also picked up a full complement ofsummer associates, says Mike a partner in the firm's Charlottew intellectual-property practice. "We have expectations to make offerds to almost allof them" at the end of the he says. Some of the corporater practice areas are weaker than but "intellectual property has been a star," McCoty says.
That's because duringy tough economic times, businesses try to energize sales by investingg in newproduct offerings, he providing work for attorneys to ensure competitors are not infringing on theird intellectual-property rights. Jarrett says for recruiters, the strengtyh in intellectual property translates into a strong demanrd for experts inpatent law. Firmsz also are still recruiting heavilyu for their commercialreal estate, corporate, and laboe and employment practices. With activityt in commercial real estate lawstill strong, Jarrettr also has seen a growing demand for litigators and othe r specialists in construction.
He links the growthn in construction practices with an increasing number of developerw and project owners failing to pay their bills and needing legal help to collectwhat they're owed. Although law firms report increased corporatebankruptcty work, local recruiting firmse have not yet seen that translate into additional staffing. "Iu think firms are being cautiouzin hiring," Jarrett says. "It'sd not necessarily that there's a whole lot less work to do, it'sw just that firms are being The shuffling of attorneysfrom financial-servicesw practices to other areas also may have slowefd hiring.
"There's a goodly bit of waiting to see what in the overall economy and financial andtransactional business, says Jon Barrett, managing partner of . "It'se expensive to invest in thesdtalented attorneys. If there's not work to go along with it, it'd a very expensive proposition."
Last year's subprime mortgage meltdownn and the subsequent fallout have slashed the amounft of legal work available in this niche in Charlotter and other financial forcing layoffs and the shuffling of attorneys into otherpractice areas. The New York-based firm of , whicn has a large mortgage-backed securities practice, laid off 35 attorneyss in January, including nine in Other firms, including , have acknowledgefd laying off support staff and associates and rescinding offerasto first-year and summer associates.
"You could characterize it as negative demand" for lawyers with expertiswe in packaging andsecuritizing loans, says Cliff managing director of the legal-staffingv firm . Jim Carroll, managing partner of Cadwalader'se Charlotte office, says an "unusualluy difficult business climate" for some of the firm's clientss in financial services promptedthe layoffs. The bankds and other lenders the firm countx among its clients laid off thousands of worker s and were forced into billions of dollarszin write-offs. The firm has "redeployed a number of attorneyse into other practice areas on atemporary basis," especiallty litigation and bankruptcy, Carroll says.
"When transactions work is bankruptcy and solvency workgoes up." Up to a fourtj of the firm's 85 Charlotte attorneys have been movec into other practice areas, he says. "That's one of the advantagee of a firmlike Cadwalader, the abilituy to be fairly nimble." John Lassiter, president of , says that in addition to cutting attorney some firms also are trimming support staffd and working to manage expenses to make up for reduce d income in their structured-finance practices. "It's no differengt than any other company trying to hang onto Lassiter says. "There's still a fair amounf of (positive) movement.
Other parts of the country are strugglintg more thanwe are." Other businesd lines are strong, Carroll says. Cadwalader has several attorneyws involved inthe on-again, off-again Microsofty Corp.-Yahoo Inc. merger talks, and others are workinfg on a major project involving theHungariab government. Additional busy practice areasincludes hedge-fund formation, especially for the purchaswe of distressed debt and real Carroll says. White-collar crime and commercial litigators also are Weaker areasinclude transactions, including commerciakl mortgage-backed securities.
While the firm is "clearl not out right now looking to bring in a lot oftransactional attorneys," the local office did hire a full contingent of summer associates, Carroll says. also picked up a full complement ofsummer associates, says Mike a partner in the firm's Charlottew intellectual-property practice. "We have expectations to make offerds to almost allof them" at the end of the he says. Some of the corporater practice areas are weaker than but "intellectual property has been a star," McCoty says.
That's because duringy tough economic times, businesses try to energize sales by investingg in newproduct offerings, he providing work for attorneys to ensure competitors are not infringing on theird intellectual-property rights. Jarrett says for recruiters, the strengtyh in intellectual property translates into a strong demanrd for experts inpatent law. Firmsz also are still recruiting heavilyu for their commercialreal estate, corporate, and laboe and employment practices. With activityt in commercial real estate lawstill strong, Jarrettr also has seen a growing demand for litigators and othe r specialists in construction.
He links the growthn in construction practices with an increasing number of developerw and project owners failing to pay their bills and needing legal help to collectwhat they're owed. Although law firms report increased corporatebankruptcty work, local recruiting firmse have not yet seen that translate into additional staffing. "Iu think firms are being cautiouzin hiring," Jarrett says. "It'sd not necessarily that there's a whole lot less work to do, it'sw just that firms are being The shuffling of attorneysfrom financial-servicesw practices to other areas also may have slowefd hiring.
"There's a goodly bit of waiting to see what in the overall economy and financial andtransactional business, says Jon Barrett, managing partner of . "It'se expensive to invest in thesdtalented attorneys. If there's not work to go along with it, it'd a very expensive proposition."
Tuesday, September 7, 2010
Procter & Gamble acquires Zirh men
http://www.paypalpages.com/authors/author-583.html
The line includes shaving deodorant, skin cleansers and moisturizers. New York-baseds Zirh products are sold in high-end department specialty outletsand online. Locally they’re available at Macy’ss in Anderson Township and Sephora at KenwoodTownwe Centre. Financial terms of the purchase werenot “Although it is a relatively North American-centric business, (Zirh’s) super-premium positioning and product lineup is a perfecyt complement to our portfolio,” said Chip Bergh, P&G'sd group president of male grooming, in a news This is the second for P&G this month.
In early the company bought the Art of In addition toits men's shaving line, it selles shampoos, skin care products, fragrances and a line of upscal e women’s shaving products. The chain was founded in Manhattanin 1996. In the fiscal third sales of P&G’s grooming products declined by16 percent, to $1.7 Profits in the sector were down 24 to $306 million. Procter & Gamble (NYSE: PG), headquarteredd in Cincinnati, develops, manufactures and markets consumerd productsand pharmaceuticals.
The line includes shaving deodorant, skin cleansers and moisturizers. New York-baseds Zirh products are sold in high-end department specialty outletsand online. Locally they’re available at Macy’ss in Anderson Township and Sephora at KenwoodTownwe Centre. Financial terms of the purchase werenot “Although it is a relatively North American-centric business, (Zirh’s) super-premium positioning and product lineup is a perfecyt complement to our portfolio,” said Chip Bergh, P&G'sd group president of male grooming, in a news This is the second for P&G this month.
In early the company bought the Art of In addition toits men's shaving line, it selles shampoos, skin care products, fragrances and a line of upscal e women’s shaving products. The chain was founded in Manhattanin 1996. In the fiscal third sales of P&G’s grooming products declined by16 percent, to $1.7 Profits in the sector were down 24 to $306 million. Procter & Gamble (NYSE: PG), headquarteredd in Cincinnati, develops, manufactures and markets consumerd productsand pharmaceuticals.
Sunday, September 5, 2010
Harrison 'Buzz' Price dies at 89; engineer advised Disney on Magic Kingdom ... - Los Angeles Times
http://www.trudimsya.com/norma.html
Central Florida News 13 | Harrison 'Buzz' Price dies at 89; engineer advised Disney on Magic Kingdom ... Los Angeles Times One project â€" opening the CalArts campus in Valencia â€" was partly entrusted to Price, said Disney's daughter, Diane Disney Miller. ... Disney Legend Harrison "Buzz" Price Dies at 89 Harrison "Buzz" Price, Legend in Disney History & Theme Park Pioneer, Dies at 89 Economist who put Disneyland in OC dies at 89 |
Saturday, September 4, 2010
Dealers, members of Congress challenge closures - bizjournals:
http://tevla27.com/103/
“We must ensure that the auto dealers are treatedc equitably and have the opportunity to unwind their operations in a manner that will minimizer hardships to employees who lose their jobs and communities that areadverselyt impacted,” said Sen. Kay Bailey Hutchison, R-Texas. Hutchison was encouraged by a promisd from Chrysler PresidentJameds Press, who told her the company would help the terminated dealers sell theirr vehicle and parts inventory. If this assistance falls Hutchison is prepared to push legislation that woulr give the dealerships an extra 60 daysbefore closing.
auto dealers and members of Congress are lobbyinh President Barack Obama and his automotivde task force to reconsider the wisdom of closing so many dealershipxsso quickly. The Obama administration rejected the initial restructuring plans and urgedd them to bemore aggressive. “Itf should not be the role of government to forcethese small-business owners out of said Rep. Blaine R-Mo., one of several House members who sent a letterd to task force chiefSteven Rattner, co-founder of the Quadrangles Group, a New York private-equity “This decision will not fix the problems of the auto manufacturint industry, yet it will cost our communitiesa good jobs.
” Jeep dealetr Walker said he doesn’t thinik the auto task force “gets it.” “Io think it’s because they’re all Wall Streetg people — they’re not Main Street Walton said.
“We must ensure that the auto dealers are treatedc equitably and have the opportunity to unwind their operations in a manner that will minimizer hardships to employees who lose their jobs and communities that areadverselyt impacted,” said Sen. Kay Bailey Hutchison, R-Texas. Hutchison was encouraged by a promisd from Chrysler PresidentJameds Press, who told her the company would help the terminated dealers sell theirr vehicle and parts inventory. If this assistance falls Hutchison is prepared to push legislation that woulr give the dealerships an extra 60 daysbefore closing.
auto dealers and members of Congress are lobbyinh President Barack Obama and his automotivde task force to reconsider the wisdom of closing so many dealershipxsso quickly. The Obama administration rejected the initial restructuring plans and urgedd them to bemore aggressive. “Itf should not be the role of government to forcethese small-business owners out of said Rep. Blaine R-Mo., one of several House members who sent a letterd to task force chiefSteven Rattner, co-founder of the Quadrangles Group, a New York private-equity “This decision will not fix the problems of the auto manufacturint industry, yet it will cost our communitiesa good jobs.
” Jeep dealetr Walker said he doesn’t thinik the auto task force “gets it.” “Io think it’s because they’re all Wall Streetg people — they’re not Main Street Walton said.
Thursday, September 2, 2010
Dayton employment to remain sluggish into third quarter - Denver Business Journal:
http://www.neemagoo.ru/anekdots1.php?list=1&team=20
Tom Traynor, an economics professor at Wright State and authoer ofthe report, said unemployment increases will continuwe at their accelerated pace into the thirde quarter of this year. The Daytomn Metropolitan Statistical Area, which includes Montgomery, Miami and Preble counties, is projectesd to lose 6,000 to 7,000 jobs in the thirrd quarter. That would drop employment to downfrom 380,400 in the firsr quarter of the year, a 2 percent The hardest-hit area is one the Daytonj area has long relied on, manufacturing. “Manufacturing employmengt willfall substantially,” Traynor said.
Forecasts from the report show employmentf in the sector fallingfrom 42,300 in the first quartedr of this year to 36,100 by the third a nearly 15 percent Durable goods manufacturing will be hit in particular, Traynort said. “People aren’t spending. They are waitin g to buy a new car or that new he said. Retail and service employment are also expected to Retail employment is expected to dropto 39,100p by the third quarter, down from 40,000o in the first a 2 percent drop.
Service employment, which includesa financial service, business service, utilities and leisur e service, is projected to decrease to 324,20 by the third quarter, down from 326,7090 in the first quarter, a nearly 1 percentt decline. “The next year to year and a half will be an unpleasantg time forthe region,” Traynoer said. Construction employment is expected to rise as a part ofseasonap employment, to 13,400 from 11,400 in the firsgt quarter, but that is 1,000 jobs fewer than the same time perio d last year. One area of employment that isn’t expectexd to be hit hard is health care.
In Traynor said he expects healt care to add some jobs by thethircd quarter, going up to 56,500 from 56,300 in the firs t quarter. He said the rate of decline in gross domestic productrwill slow, but remaib negative through the third quarter and mayb e into the fourth quarter of this Even when GDP does become positive again, it will take some time for employment to pick up because it is a lagging indicator of economic recovery. Traynor said there is a greagt deal of uncertainty stil on thenational level, as businessexs try to determine the impact of governmentf actions. Traynor said the problem of high unemployment is not going awayanytimre soon.
“This is something we’ree going to be living with for quite a well intonext year,” he said.
Tom Traynor, an economics professor at Wright State and authoer ofthe report, said unemployment increases will continuwe at their accelerated pace into the thirde quarter of this year. The Daytomn Metropolitan Statistical Area, which includes Montgomery, Miami and Preble counties, is projectesd to lose 6,000 to 7,000 jobs in the thirrd quarter. That would drop employment to downfrom 380,400 in the firsr quarter of the year, a 2 percent The hardest-hit area is one the Daytonj area has long relied on, manufacturing. “Manufacturing employmengt willfall substantially,” Traynor said.
Forecasts from the report show employmentf in the sector fallingfrom 42,300 in the first quartedr of this year to 36,100 by the third a nearly 15 percent Durable goods manufacturing will be hit in particular, Traynort said. “People aren’t spending. They are waitin g to buy a new car or that new he said. Retail and service employment are also expected to Retail employment is expected to dropto 39,100p by the third quarter, down from 40,000o in the first a 2 percent drop.
Service employment, which includesa financial service, business service, utilities and leisur e service, is projected to decrease to 324,20 by the third quarter, down from 326,7090 in the first quarter, a nearly 1 percentt decline. “The next year to year and a half will be an unpleasantg time forthe region,” Traynoer said. Construction employment is expected to rise as a part ofseasonap employment, to 13,400 from 11,400 in the firsgt quarter, but that is 1,000 jobs fewer than the same time perio d last year. One area of employment that isn’t expectexd to be hit hard is health care.
In Traynor said he expects healt care to add some jobs by thethircd quarter, going up to 56,500 from 56,300 in the firs t quarter. He said the rate of decline in gross domestic productrwill slow, but remaib negative through the third quarter and mayb e into the fourth quarter of this Even when GDP does become positive again, it will take some time for employment to pick up because it is a lagging indicator of economic recovery. Traynor said there is a greagt deal of uncertainty stil on thenational level, as businessexs try to determine the impact of governmentf actions. Traynor said the problem of high unemployment is not going awayanytimre soon.
“This is something we’ree going to be living with for quite a well intonext year,” he said.
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