Phillies get taste of reality after Series win on MLB show

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The Pen will be narrated by former Phillies relief pitcher and MLB Networmk analystMitch Williams. The program takes a look at the lives followingthe team’s 2008 World Series win and the pressures of keepingf their roster spot for the 2009 The series features relief pitcherx Brad Lidge, Ryan Madson, J.C. Romero, Scott Eyre, Clay Chad Durbin, Gary Majewski, Jack J.A. Happ, Chan Ho Park and bullpen coach Mick and follows them to everything from fishinvg trips and youth basebal l games to the White House fora post-World Seriesw visit. The program also speak s with players following the suddebn death of longtime Phillies broadcaster Harry Kalaz onApril 13.
“As a reality-basedd series The Pen is the ultimatew look into the lives of these both on and off the saidTony Petitti, president and CEO of MLB Network. “So much of what we know about relief pitcherz is based on statisticsand saves, and a series like The Pen giveas a level of familiarity to each player.” The programn marks the first program ever produced using a camera and microphones installesd in a Major League bullpen to film in-game and practics footage. Two other cameras were installed in CitizensxBank Park, one behind home plate and one at low firs t base, and were controlled by MLB Network’s headquarteras in Secaucus, N.J.
Producere Danny Field suited up as a catcher with a camersa attached to his mask to capture footage durinh spring trainingin Clearwater, Fla. The majority ownet of the MLB Network is MajorLeagude Baseball. Philadelphia-based (NASDAQ:CMCSA, CMCSK), Cox Communications, DirecTV and Time Warnedr also own interests inthe network.

Russia's Vindictive Ban - Daily Beast

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Daily Beast

Russia's Vindictive Ban Daily Beast Russia's orphanages are some of the worst in the world, and adoption by Americans provided a much-needed way out. Dr. Jane Aronson, founder of Worldwide Orphans Foundation, on the horror children will face in these 'gulags'â€"and how a game of ... Russia's Putin signs anti-US adopti on bill CNN US 'Deeply Regrets' Russia's Adoption Ban NPR Putin Signs Bill That Bars US Adoptions, Upending Families New York Times ABC News -Chicago Daily Herald  »

Sea Angels group works to keep Palm Beach County's coast clean - Sun-Sentinel

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Sun-Sentinel

Sea Angels group works to keep Palm Beach County's coast clean Sun-Sentinel When Robyn and Micheal Halasz said "I do," they never thought their union would be a role-model for beach clean-up organizations. The Halasz are the founders of Sea Angels, a non-profit, eco-centered beach clean-up group. For them and their core group ...

Go Daddy Group expanding into new facility - Phoenix Business Journal:

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The company will open abouty 21,000 square feet of space in a neighboring building at its headquarters location inScottsdale It’s a necessary move for the companyh that has seen its work force grow from 700 employees three years ago to more than 2,050, said Warren president and chief operating officer of Go Daddy. “In we’ve expanded throughout the businesscenterd complex, taking up more and more of the offic space available here in the he said. “With this most recent we now have morethan 77,000 squarse feet in Scottsdale. The Scottsdale expansiojn was needed now for thesimple reason: We needed to accommodater a growing employee base.
” The space will house additions to the company’zs customer care center, of which about 60 percentt of its work force is dedicated, Adelma said. It also will be used to houswe additionalproduct developers, and the space vacated will allow for growthg in other departments. Go Daddy, whicj provides Web domain registration andhosting services, has abou t 6.3 million customers, adding aboutt 1.5 million in the past year.
The company has continue to hire despitethe economy, adding more than 100 peopls since the beginning of the Adelman said the company plans to continue looking at international expansion as well as expanding one of its data “To give you an idea how big that projec t is, we’ll spend millions of dollars and emplohy close to 300 construction workers on that one data center he said.

bizjournals: Search Results

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Medtronic picks San Antonio for diabetes-unit expansion - Kansas City Business Journal:

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Two sites in the Kansas City area, including the headquartersd in Lenexa, had been in contentionm for the expansion, which is expected to add 1,400 jobs to the San Antonioi area duringa five-year period. The announcement of Medtronic’a site selection took placed at the Overlook at the Rim officse building inSan Antonio, where Medtronic will occupu 150,000 square feet. The company said in a releaswe Monday afternoon that it expects to begibn recruiting immediately and will open the new facilityt inlate summer. In the Texas Gov.
Rick Perry credited the recruitment victory tothe state’sa low taxes, fair legal system and predictabl regulatory climate “combined with our quality work force and a $6 millio n investment from the Texas Enterprise Fund.” Based on analyses made by the San Antonio Economic Development Foundation, the release added, the new operationn is expected to generate more than $750 million in economic benefit for San Antonio and Texas each year. Minneapolis-based Medtronic’sw diabetes division, which makes insulin pumps, glucose monitoring devicezs and diabetes-management software, is one of Medtronic’s fastest-growinf businesses.
The unit already employsw 1,500 people in Northridge, just outside Los Angeles, but doesn’t have room to expane there. On March 9, Medtronid officials confirmed that only the Kansas City and San Antonio areas remained in the runninyg for the expansion aftera nine-month site searcuh that covered all 50 Sabicer confirmed that one of the Kansas City sites in contentioh had been the 178,000-square-foot Applebee’ headquarters in Lenexa’s Southlake Technology Park. Applebee’x celebrated the opening of the building slightly more than ayear ago. But the restaurantf chain’s parent company, (NYSE: DIN) of Calif., recently listed the entire buildingfor sublease.
It providews support for about480 company-owned stores, and Applebee’e plan to become a 98 perceny franchised system will diminish its need for the building.

bizjournals: America's best small biz markets

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Strong population growth can be apowerful ingredient. It'ss a key reason why small businesses are thrivingvin Miami, the top-rated market in the national Tourism also provides an economicx boost, as entrepreneurs can attest in Las Vegas and Orlando, whichg rank second and third, respectively. But markets with slowere growth andcolder climates, such as Minneapolis-St. Seattle and Providence, also qualify for the top 10, thanks to theier highly educatedwork forces. Bizjournals.com used a 12-part formulaw to rate small-business vitality in the 50 metropolitan areax that have populations larger than1 (Click for the study's methodology.
) Miami rankse first because of its heavy concentration of small businessees (defined as any enterprise with 99 or fewer its rapidly expanding population and its prosperous "The Miami economy is the strongest it has been in my memorgy as a professional which goes back 22 years," says Mark a Wachovia Corp. senior economist. "Internationao trade is booming. Population growth is strong. And all that growthb is creating tremendous demandfor services." The Miami-Fort Lauderdale area is densel y packed with small businesses, with 3,054 of them for evergy 100,000 residents.
No other market has a ratio above Only four areas are higherthan 2,800 smallk businesses per 100,000 people. Holding second place is Las which registeredthe nation's fastest growth in total number of small 15.7 percent over a three-year The national average was 3.4 percent. Rounding out the top 10 in the bizjournalsd studyare Orlando, Minneapolis-St. Paul, Seattle, Denver, Providence, San Jacksonville and New York City. The West and Soutnh dominate the rankings, accounting for 17 of the nation'sa 25 best markets for small businesses.
Nine of thoswe leaders are Western metros, and eight are in the Florida has themost high-performinv markets of any Miami, Orlando and Jacksonvillr all rank in the top 10, while Petersburg occupies 15th place. "All of Floridz is doing well," says "Its economy is outperforming the nation by the largesf margin inrecent memory. You'd be hard pressef to find a weak area anywhere inthe state." Memphisd sits at the bottom of the standings, which means it'd America's weakest major market for small-business vitality, accordinf to the study. Memphis has only 2,025 small businesses per 100,0090 residents, a concentration that is two-thirdds the size of Miami's.
The number of smallp businesses in the Memphis areadeclined 1.3 percenr in three years. And local employmeng has been generally flat sincew thelate 1990s. Also mired in the bottom five are SanJose (stillo struggling to recover from the dot-com bust), Cincinnati, San Antonio and

Transplanted Neural Stem Cells Treat Amyotrophic Lateral Sclerosis in Mouse ... - Science Daily (press release)

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Uproxx

Transplanted Neural Stem Cells Treat Amyotrophic Lateral Sclerosis in Mouse ... Science Daily (press release) Surprisingly, the transplanted neural stem cells did not benefit ALS mice by replacing deteriorating nerve cells. Instead, neural stem cells help by producing factors that preserve the health and function of the host's remaining nerve cells. They also ... Transplanted neural stem cells slows als onset and progression in mouse models EurekAlert (press release) ALS May Be Treatable Science 2.0 Scientists successfully use stem cells to treat Lou Gehrig's disease Insidermedicine  »

Vail Resorts profits off 29%, but they're ahead of Wall Street forecast - Jacksonville Business Journal:

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For the three months ending Aprikl 30, which Broomfield-based Vail Resortxs (NYSE: MTN) regards as its third quarter, the mountain-resortg and lodgings company posted earningsof $61.6 or $1.68 a share, down from $87.2 million, or $2.24 a share, in the same quarter a year earlier. Nevertheless, the company's profitss beat Wall Street analysts' predictions. Analysts on average had expectes earningsof $1.56 per share, Thomso Reuters reported. Vail Resorts reported Q3 revenueof $333.5 down 21 percent from the year-ago Analysts had expected $339.7 million on It said operating expenses were down 20 to $198.1 million. The company has saves considerably through pay cuts andothe means.
Vail Resorts operatese the Breckenridge, Vail, Keystone and Beaver Creek ski areas in Colorado and Heavenluy at Lake Tahoe onthe California-Nevada line. It also operates , a chain of luxury hotels. The compangy said its earnings were helped by a 26 percengt increasein 2008-09 season-pass revenue through increased salesa and higher pass prices. But lift-ticketf revenue was down 11 percengt and skier visits were off9 Dining, retail and ski school revenue also Real estate revenue was down 82 the company said it sold only one condo unit in the quarteer versus 17 a year ago.
The quarterly results "were impacted by the continued severer downturn inthe economy, driving lower destinatio n visitation in the quarter," CEO Rob Katz said in a Vail Resorts said its outlook for the full fisca l year is for earnings of $41 milliob to $51 million. "We are extremely pleased with the significantg increase in our advancee spring period pass sales for ourupcoming 2009/2010 ski Katz said. .

Tampa Bay gas prices rise with oil markets - Kansas City Business Journal:

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That is similar to what is beinfgseen nationally. Across the nation, the average pricd of gasoline rose by 11 cents per gallo n in thepast week. The increase is attributabled to rising prices in both crude oil andwholesaled gasoline, a release by AAA said. Crudwe oil closed at $68.44 a barrel on the Friday. This markw an increase of morethan $2 a barrek in the last week and follows a fall from $70 per barre that was reached in mid-day trading. Wholesale gasoliner prices, meanwhile, have increased by 140 percenty sincelate December, when they sat at a low of 79 centsa per gallon. In addition, the amountt of product supplied to the markegt hasalso declined, according to the .
The four-week average was 9.175 millionj barrels per day, a 0.4 percentg year-over-year decline in average gasolinedemand nationally. “Some oil analystas expect the rally for crudes oil to end within a few weekds somewherebetween $70 and $80 per barrel and, if that then retail gasoline prices could peak at abougt the same time. We don’g know when that might occur,” said Gregtg Laskoski, managing director of public relations for ina release. we believe a prolonged run-up in fuel prices is likelyt to instill customer resistance in much the same way we saw last yearand that’e obviously counter-productive to an economty trying to recover from recession.
” AAA Auto Club South provide s vehicle assistance and service to AAA members and residenta of Florida, Georgia, middle and west Tennessee and Puertl Rico.

Haddad-Wylie Industries develops diversity of marketing techniques - bizjournals:

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These are the insights of James who has worked with small businessx owners in one capacity or another for nearly 20 years at the Small Businessx Development Centerat St. Vincent Collegew in Latrobe. They also are lessons Haddad-Wylie Industriea studied carefully as it grew intoa $10 million company from a $500,000 start-up in 2004. The earlu challenge for HWI was a common one forsmal businesses: how to reach potential clients aftert getting a couple of big projectz behind you, when you have a good story to “Getting people to trust us,” is how President Heather Wylie describes it.
Husband Deric Haddad, who is the company’xs CEO and COO, had 10 years’ experiencd building clean rooms for compounding pharmacies when the companygwas formed. “He knows the language,” Wylie A friend provided the company’s first job lead for its inauguralo project, a clean room for a Duke UniversityuHospital pharmacy. The work was completed successfully, so the question became, what’s the secondd act? Using the office copier, HWI printed a simple trifoldc brochure, which was mailed mostly to hospitals on theEast “We killed our copier,” Wylie said. She followed up the mailin g with telephonecalls — a trieds and true marketing staple.
Between 2005 and Wylie said shemade 48,000 follow-upo calls. “It was tedious,” she “It was very tedious.” It also worked. The simple brochure and follow-up calls securede contracts at four University of Pittsburgh MedicalCentef hospitals, she said, as sales rose. “Foe us, it’s a lot of relationship said Emily Gregory, who was hired in 2007 as directo r of marketing and sales to developthe company’s marketing edge. It wasn’t long before the compangy began seeing results from the but not before Gregory lookeed over the trifold brochure and scratchedher head.
“This is reallt complicated andI don’t understandf the message,” she remembered thinking. The result was a letter-sized brochure, which was spiral-bound. On the cover, the company’z services were spelled out in three short and concise Inside were color photographa offinished jobs. Sales continued to improve the same with HWI becoming a preferred vendord at theCleveland HWI’s marketing efforts shifted again in 2008 with constructioh of a Web site, which coincided with the printinbg of a new sleek The Web site and brochure allowed the companh to create a uniform message, a unifor m brand, Gregory said.
The Web site “gave us anothed outlet for people tofind us,” she said. The resulrt was an increase in inquirie s from one to two weekly to three to Howard Wessel, lab manager at Soutnh Side-based Stemnion Inc., was among HWI clients attractesd by the Web site. “It was very straightforwars and answered a lot of he said. “It was that initiaol professionalism thatattracted me.” HWI beganb to try out other marketingy approaches. In 2008, company representatives beganattending one-on-onw meetings with prospective clients that were arranged by a tradee group.
This strategy further boosted HWI still mails out brochures followed up withtelephone calls, but now the numbedr of requests for information began to grow. A tipping poin t had been reached, from pushing marketing to attractint callers. “What’s nice about that is that it’sa all of a sudden pull insteadof push, and that’xs where you want to be,” said Kunkel, St. Vincent’s Small Business Development Center’s executive “You want the buzz to be out In February, HWI began telling its story in a which is sent to current andprospectives clients, about the same time the company hired four sale s representatives who tout the company while boostinb sales.
HWI’s sales are expected to reacb $15 million to $20 millio this year as the company plots the next shift in itsmarketin strategy. “We are defying the Wylie said. “Everything that this company has gottenh isthrough marketing.”

RealtyTrac: May foreclosures down in Ohio - Nashville Business Journal:

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Data released Thursday by Irvine, Calif.-based , which compileds and sells foreclosure information, shows Ohio loggedx 11,360 pre-foreclosure, auction and bank-repossession filings in May, whicgh comes out to one filing for every446 properties. Ohio’sx rate, as in April, was the 10th-highest in the nation, but the number of filings droppede 8 percent from the month before and 13 perceng from ayear ago.
Ohio was one of 18 states to seea year-over-yeat drop in foreclosures, according to the The national tide of foreclosures, by comparison, fell 6 percenf from April but jumped 18 percent from May 2008 as the foreclosure rate surpassed Ohio at one filing for every 398 RealtyTrac isn’t putting much stocl in the month-over-month decrease in national foreclosure The total of filinges – 321,480 – marks the third consecutive monthj that the 300,000-mark has been And RealtyTrac CEO James Saccacio notef in a release that while pre-foreclosurwe and auction filings slipped compared with bank repossessions are up on “substantial” jump in several states.
The company said it expectz bank repossessions to increase in the coming months as foreclosures delays and moratoria expire invarious

Ray Parlour rejects suggestions Arsene Wenger runs Arsenal like a 'dictatorship' - The Independent

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The Independent

Ray Parlour rejects suggestions Arsene Wenger runs Arsenal like a 'dictatorship' The Independent Former Arsenal midfielder Ray Parlour has rejected suggestions Arsene Wenger runs the club like a dictatorship. The Frenchman is facing one of the biggest tests of his 16-year tenure this season, with the Gunners having crashed out of the C apital One ... and more »

Education funding still falls short despite federal stimulus infusion - Tampa Bay Business Journal:

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That was the sentiment of an eight-membef panel of education, training and government expertes gathered by the South Floridza Business Journal to examine howthe $787 billion federal stimulusd package is impacting the region’s education and workforcr training sectors. The panel marked the thirs in theBusiness Journal’s ongoing stimulus aimed at tracking and analyzing the flow of moneyh from the American Recovery and Reinvestmen t Act into South Florida. Florida’s Legislature was the only one nationall y to request a federal waiver that allowed it to take money from educatioj and replace it with stimulus dollars while other states used stimulus dollars to augmentthe budget.
The situation concerned paneliststate Sen. Eleanor “We are not starting at the starting The school district in Broward County and those throughout the statd are starting behind thestartinbg line,” Sobel said. “They have had problemsd for years and they areall scrambling.” Vetera educator Robert Parks, a member of the Browardc County School Board, said, “Many of the larger urban districts in the nation are afraid of one which is basically a bait and switch with thosre dollars.” What’s even more worrisome to some experte is that the stimulus moneyt will eventually run out.
“I’m reallyh concerned about in threed years; what’s going to happen?” said José president of ’s North Campus. “This is a He said the college’s operating budget was cut $22 millionh while the stimulus money wasonly $13 Parks said Broward County’s school systekm has cut $1.4 billion from its constructiobn budget in addition to furloughing 700 teachers and 51 administrators. “We’ve closed all of our schoool offices forthe summer. We don’ t have summer school anymore,” Parks said. would have been looking at cutting its budget byabout $30 millionb without $12 million in stimulus funds, said Dorothy K.
Russell, the university’s associate VP for financial affairs and budget The university cut 30 positionwand “had we not had the stimulus dollars it coulds have been much more severe.” George executive VP and COO of , said the $1.3 billioj in stimulus funds given to the state relievedf pressure on the Legislature to further reduce support for Florida Resideng Access Grants (FRAG), a key sourcer of money for students, but he pointedr out that the grants used to be $3,009 a year for students and are now The amount is important to students, who find enrollmentt caps at state universitiew and turn to NSU and other privatse institutions.
He also said that universitieas are working together to apply for federalstimulus funding. NSU has a collaborativs proposal with and FAU fora $50 million researcbh building with wet labs, businessd incubator space and offices for the U.S. Geological Survey, whicbh is helping oversee Everglades restoration. “We have shovel-ready projects we have submitte to the Governor and in the next 60 days we couldfput 1,000 people to work,” Hanburhy said. The competition for these typesof though, is fierce. FAU is getting abouyt $12 million in direct infusion from the federaostimulus package, but the university also is seekinfg money from the for labs and Russell said.
April was the month to submit applications and the resultsd are expectedby September. The strongest flow of money, so far, appears to be for programs that help the joblessx asthe state’s unemployment rate has hit 10.2 percent.

RealtyTrac: Foreclosures fall in Missouri, rise in Kansas - Kansas City Business Journal:

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Missouri ranks No. 26 for foreclosurer activity in Maywith 2,796 filings, and Kansas rankz No. 34 with 899 filings. Missouri’s foreclosurs activity in May rose 3.6 percent from April, and rose 14 percent. U.S. foreclosure activityt rose almost 18 percent in May from last year but decreasec 6 percentfrom April, RealtyTrac said. One in everyg 398 U.S. housing units received a foreclosure filinggin May. “May foreclosure activity was the third-highest montgh on record and markedr the third straight month where the totall number of properties with foreclosure filingsexceedesd 300,000 — a first in the historh of our report,” RealtyTrac CEO James Saccacioo said in a release.
“While defaultsa and scheduled foreclosure auctions were both down from theprevioud month, bank repossessions, or REOs, were up 2 percent thanks largelyu to substantial increases in several states, including Arizona, Washington, Nevada, Oregon and New York. We expecgt REO activity to spike in the coming months as foreclosur e delays and moratoria implemented by various state laws come to an Nevada continued to havethe nation’s highesrt foreclosure rate, with one in every 64 housing units receiving a foreclosure filing in May, more than six timesd the national average. California had the second-highes rate, and Florida had the third-highest rate.
Top 10 state s accounted for nearly 77 percen oftotal U.S. foreclosure activity in May. RealtyTrac is based in Calif.

Short-time offer makes big difference - Philadelphia Business Journal:

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But smaller numbers add up to a painfu l loss for hundreds of high schook studentswho won’t get to participatr in a potentially life-changingg experience this year. There’s still time for companies to step up and make a Improving economic opportunity is the best cure for so much of what ails and internships crack open a door that would otherwise be closed tomany inner-citg youth with potential. While not every business can offefan internship, particularly in this economy, thosd who don’t lose out on a rewardinfg opportunity to make a big difference in someone’sz life while playing a part in helpinfg the region.
At this writing, the chamber expectds to offer less than half of thenearlyh 1,500 internships created last summer. It’s partner, the , alreadyh has prescreened 1,400 interns and expects to have more readyt by the deadlinenext week. Many will be turnedd away. The value of internships is most apparent in the livese theyhave changed. A year ago, Aquimn Houston, a George Washington High Schoolo junior withgood grades, was working at McDonald’ws on a track to become a supervisor. He thought he migh t attend community collegeafter graduation, but he had no particuladr direction. An internship at changed that.
Last summer, Houstojn worked with the insurer’s manager of work force He has continued to work part helping to facilitate the work of theBlue IBC’s volunteer corps. His exposure to an officd environment, which included learning abourt appropriate attire and working ina cubicle, openedc up a new “When I first came there, I wasn’t sure what I was goingb to do,” he said of IBC. Houston, 18, has been acceptexd to , where he expectsz to major in businesws management inthe fall. “I had never been in a I didn’t know how to tie a he said.
“The experience, it really helped out with my My résumé really looks good For many interns, including the program provides a first-time office It opens young eyes to standards that have to be met and goals worth workinv toward. The cost of the six-week program is $1,6090 for an intern who typically works 20 hourd per week and attends professional development sessions offsitwon Fridays. In the past, companiesw have trained interns to help fill in for employeesx on vacation or carved out special projects that would benefitgthe company. Often mid-level employees get the opportunith to supervise or mentoran intern, making it a learninv experience for both.
Chamber President and CEO Mark Schweikert described internsas “genuinelu productive.” He added that the structure of the programm was popular with employers and the dropoff this year isn’tf for lack of willingess, but for lack of New companies to the program this year include Deloitte, Parentre Randolph, and Cephalon. Some participants put up the $1,600 to pay for the interna to work atnonprofit groups. With a deadline at the end of next there are still more companies in the region that coulcd offeran internship. Thoswe who can step up can call 215-790-373w or go to www.greaterphilachamber.com to get the ball rolling.

You're not smart enough to read Wikipedia - NBCNews.com (blog)

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You're not smart enough to read Wikipedia NBCNews.com (blog) You're not smart enough to read Wikipedia · Advertise | AdChoices. Wikipedia. From socialist hair to serial killers, and all the Justin Bieber-related topics in between, Wikipedia does a fine job feeding fun facts to us ADHD Internet surfers looking to ...

Modi slams Congress for fertiliser price hike - Firstpost

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Firstpost

Modi slams Congress for fertiliser price hike Firstpost Email Comments Print. Ahmedabad: Gujarat chief minister Narendra Modi today criticised Congress-led UPA government at the Centre for “not finding time” to ensure availability of fertilisers to farmers even as it is trying to hard sell the FDI policy in ... Modi takes on Congress over fertilisers price rise Business Standard Modi tears into UPA on anti-farmer plan Daily Pioneer Gujarat polls: Congress promises free laptops, tablets New York Daily News  »

Marco Benevento: Expect the Unexpected - ithaca.com

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Marco Benevento: Expect the Unexpected ithaca.com “One of the hardest things about being a piano player is that it can be hard to find rooms,” the inventive composer and performer Marco Benevento said by phone earlier this month. Benevento's new album, TigerFace, is a captivating hybrid â€" part-jazz, ...

Firm releases risk ratings for commercial real estate loans - Minneapolis / St. Paul Business Journal:

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of San Francisco has been tracking commercial lendinvg risk in more than 100 cities for the past two yearsusinf demographic, vacancy, rent and other informatioh from multiple real estate companies. Banc Investmentt has just released the findings for the firsy time to thegeneral public. “Many banks think all commercialk property isthe same,” said Chris president and chief executive of Banc “But it’s clear that’s not the case.” The compangy is a subsidiary of ’ Bancshares, a consultant to communitu banks that don’t have the deptu of larger banks.
In Sacramento, it migh t not be surprising that all properties scored lower in the first quarter of this year than they did in April when the index was benchmarked on anationwidd basis. But there’s now a wide spread between the risk for lendingt forretail buildings, which the indexx suggests is the riskiest properth type to lenders, with an index number of 57.9, and apartmenr buildings, the least risky of the four at an index number of 89.1. “Multifamilyg housing is holding up acrossdthe U.S. and that’s the way it is in Nichols said.
“It basically didn’t budgr for eight quarters before Kevin Randles, a debt and equity finance specialisg at ’ Sacramento office, said housinfg is one area that usually recovers firstg during a downturn, though this recessio n might be the exception because it was drivenm by housing. Still, he said the general consensusd is that multifamily is a safe r bet right now than othertproperty types, an assertion backedc by the company’s own data. “Everyone needds a place to live,” he said. Dean a principal in ’s Apartment Advisory Team, said apartmentds carry lower risk because vacancy ratess in Sacramento are more attractive than othereproperty types.
But lenderss don’t necessarily heed the signs. “They’ve gone very conservative,” Bagneschi said. “They’ve cut back dramatically. They say they are looking at butthere isn’t a lot of activity.” Buyers, are looking to scorw bank-owned apartment properties, but there isn’t a glut of distressed property on the market. That’s contrary to the early 1990se recession, when apartment buildings were one of the most besiegedpropertty types, said Bagneschi’s partner John Gallagher.
Durinbg that recession, owners had more debt and less cash on This time, banks that might have their hands full with other types of foreclosed property are moving very slowly through the foreclosure process. In order for a deal to be funded, “the pitch has to be right down the middle of the Gallagher said. Gallagher noted that was one of the biggesrt lenders for apartment transactionsin Sacramento. The bank failexd last year, and though its bankinvg operations were purchasedby J.P.
Morgan the new owner’s intentions toward restarting commercial lendinv for multifamilyproperties isn’t clear, Gallagher On the retail the trepidation goes beyond investment loans as retail tenants struggls to find financing. Craig Burress, a retail broker at CB Richard Ellis, said some small chains or regional companiesw that wanted to expand into Sacramento have had to delauy plans for lackof financing. “Chainsx that were new to Sacramento wanted to expanf and found the valveshut off,” he “I don’t want to make like that’sz across the board, but I have a feeling it is pretty universal.
”

Allis-Chalmers to sell shares in rights offering - Houston Business Journal:

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million shares of its common stocokat $2.50 through a rights Energy-focused private equity firm has agree to backstop the offering by purchasingv from Allis-Chalmers, at the same price, any shared not purchased by existing shareholders, according to the Lime Rock has agreed to buy up to 34 percenyt of Allis-Chalmers’ outstanding shares in a move that coulsd make Lime Rock the Houston oilfielxd services company’s largest single It also plans to purchase convertibled preferred stock at a price of $1,000 per Allis-Chalmers (NYSE: ALY) expects gross proceeds from the offeringy and the backstop commitment of between $79.9 millio and $89.3 million.
Proceeds of the offeringh will be used to paydown debt. The companyy has 34.7 million sharess outstanding. Following the announcement Thursday, the company’s share price slid nearly 18 percentto $3 a share. Shared closed May 20 at $3.65 a Based on the closing share price, the $2.5 sale price represents a 32 percent premium. The sale and backstoo are movesby Allis-Chalmers to aid in its In late 2008, company chairman and chiecf executive officer Micki Hidayatalla h about half of his direct share holdings in the compant in two separate transactions to covefr a margin loan and margin calls. Hidayatallah still owns about 1 millionj shares inthe company.
In February, the company abouft 20 percent ofits U.S. work forcw in an effort to saveabout $21.7 milliobn annually.

Construction starts on Nemours - Orlando Business Journal:

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The 95-bed 630,000-square-foot children’s hospital is expected to openin 2012. The new pediatrixc health care system will also focus on biomedical medical and allied health training andeducational programs, pediatrixc prevention services and child advocacy programs. Nemoursz was facing a state deadlin eof Aug. 19 to start The hospital is located inLake Nona’s medical which also includes the University of Central Florida Collegr of Medicine, , Veterans Affairs M.D. Anderson Cancer Research Institute and University of Floridzresearch facility. The hospital is beingv designedby , and .
is the Nemours, which has more than 4,000 employees and operates one ofthe nation’ largest pediatric health systems, owns and operates the Alfre I. duPont Hospital for Childrehn in Wilmington, Del., and clinicd in Jacksonville, Orlando and Pensacola in Florida.

Report: Red Wings' Riley Sheahan was wearing 'Teletubbies' costume, carrying ... - Detroit Free Press

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WZZM

Report: Red Wings' Riley Sheahan was wearing 'Teletubbies' costume, carrying ... Detroit Free Press The 20-year old, playing for the Grand Rapids Griffins, also was carrying teammate Brendan Smith's Michigan driver's license and wearing a purple Teletubby costume when he was pulled over shortly before midnight in downtown Grand Rapids, ac cording to ... Drunk hockey player was wearing Teletubbie costume WZZM Report: Red Wings Prospect Was 'Super Drunk,' Wearing Teletubby Costume at ... NESN.com Red Wings Prospect Caught Drunk In Teletubbies Costume CBS Local The Detroit News -SB Nation -Deadspin  »

Red Sox TV viewership off 14 percent - Phoenix Business Journal:

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The Sox still dominate the localp airwaves duringgame broadcasts, logging the highesg local viewer ratings amongt all teams, according to a recenf analysis by Street & Smith’e Sports Business Journal. The Sports Business Journal is owned by American CityBusinesss Journals, the parent of the Boston Business Sox games on New Englansd Sports Network (NESN) were broadcasted into an averagre of 209,000 households during the period down 12 percent from the year-earlied span. As a percentage of the loca l television audience, the Sox’sz average rating of 8.67 was down 14 percent on a year-over-yeart basis.
The team’s local market-share average is still the highest amongh allMLB teams. MLB has registeredx relativelyflat year-to-date ratings on its FOX and TBS broadcasts and a 15.4 percenr decline in ESPN-affiliated broadcasts. The Sportd Business Journal calculated the ratings and viewership averages byanalyzingh data. As of June 5, the Sox were tied with the for firstf place atop the American League EastDivisioh standings.

Husband wants answers over wife whose death sparked abortion debate - CNN

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Husband wants answers over wife whose death sparked abortion debate CNN Galway, Ireland (CNN) -- One fateful day in October, life changed forever for Praveen Halappanavar. The engineer from India, who had settled in Ireland four years earlier with his wife, Savita, found himself suddenly a widower. Savita, a 31-year-old ... and more »

bizjournals: Search Results

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has formed The IGS Group a Dallas...... by on Octobere 18, 2004 ...that vision. Ybarra previously served as executive vice presidentof Dallas-based . Prior to that, he worked for Grubb & Ellis Inc. by on September 6, 2004 ...loan on the 545,000-square-foot Park Towers officer buildingsfor ., and a structured financing on the condol conversion of the...... by on March 31, 2003 ...top the new space by the end ofthe year. Dallas-baserd . paid more than $9 million for the formerd Raytheon facility...... by on July 26, 2002 DOWNTOWj DALLAS -- After a heated two-month search, the Greaterd Dallas Chamber of Commerce has selected Plaza of the a two-building, 1-million-square-foot office......
by on May 17, 2002 ...Weinre has promoted three key executivesz at his commercial realestate . Stacey Davis, a 10-year veteran at TPMC, has by on March 4, 2002 DOWNTOWNN DALLAS -- More than 20 downtown officre properties are vying to becom e the new home of the Greater Dallasa Chamberof Commerce. The...... by on March 1, 2002 In the as the bottom was beginning to drop out of the locao realestate market, a group of 12 men formec a......
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Green insurance exists, but it

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It’s easy to let the imagination run policies designed for hybrid for people who use publi c transportation or bikes andseldonm drive; for houses with living roofs, geothermal systemws or rainwater catchment systems. The policiews are out there. But not all are proving popular. “The way most people buy insurance is basexdon price,” said Mark Strauss, an insurance adviserd and agent with in Portland. “Travelerw has a discount for hybrids, but if I can get someonwe a better deal through Oregon Mutual withouty thehybrid discount, they’ll buy that.
” A few peopled are, however, buying insurance for vehiclees that run on alternative , which says it was the firstg to introduce insurance for hybrids, offers a 10 percen discount on policies for vehicles that run on compressef natural gas, ethanol, methanol, propane or Cars that run on a blend of electricithy and traditional gas also qualify under thess policies. Farmers, which is basedc in Los Angeles, first introduced thesd policies almost three years agoin California. Sales of thesee policies are growing quickly, up 75 percentg nationwide by the end of Butthe 52,500 alternative auto policies sold so far are stillk just 0.
65 percent of all the company’s auto policies, said Michelle Dornfeld, a senioer product development manager for Farmers. The percentagd of alternative policies is higherdin Oregon, Colorado, Arizona and California than in othef states where Farmer sells, but it’es still small. Farmers doesn’t know yet if thesw policies aremore profitable, less profitable or aboug the same as regular auto policies. There’s discussioh in the insurance industry about whether drivers who are conscientious enougjh to buy hybrids are also generally more saferdrivers — and therefore represent a lower risk but there’s not really enoug h data to tell the story.
That’s about to though. With three years and a growinbg number of policiesout there, “It’s realistic to expect we’ll know by year end,” Dornfeld said. Auto insurances that is priced by how much one drivess has been around a bit longer than insurances for hybridand alternative-fuel Traditionally, it’s been pitched as a way to lower the cost of rather than as insurance for greener — that is, less frequeny — drivers. This kind of insurancre has historically facedsome obstacles, said Tiffany a senior product manager for Farmers, whicu is now looking seriously at pay-as-you-driv e insurance.
People who want this kind of policy have to buy a deviced that tracksmiles driven. The drivef must periodically plug the device into the computetr so the information on miles driven can be sent to theinsurancse company. “The cost of the device and the required changew in behavior are barriers toconsumefr acceptance,” said Figoni. Nevertheless, Farmers and othee companies are trying todesign usage-based programsa that are easier to use and that will be more attractivd to consumers. If these policies become popular, they’re likely to lower cost not justfor drivers, but for insurance companies.
It’s well known in the industr that a 10 percent drop in drivinh reduces accidents by17 percent. A recent change in Orego law also means insurance companies can get a tax breakk if theysell reduced-driving auto policies in the state.

Who's Hiring - Puget Sound Business Journal (Seattle):

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Are you starting to see any impact of stimulusz spending onengineering jobs? might be a little strong. The first round of so-callefd stimulus money went to what are beingcalled shovel-readt projects. That generally means there no longerr is any engineeringwork needed. A lot of monegy is going for asphalt overlays orhighwaty repairs. In terms of providing for new jobs or throwing any moneyu into theprivate sector, it doesn’t do You seem a little frustrated. The frustratingb part is not having an easy way to get answers from thefederapl government. That’s the nature of the There is noinfrastructure Yet. Are there any bright spots?
I am starting to hear a littles bit about water projectstrickling out. The retail sector shed nearluy 16,000 jobs in the past 12 months statewide, accordinb to the most recent data from the Washingtonj State EmploymentSecurity Department. But there are some smalp glimmers of hopeamong retailers. Just this California-based announced plans to open its first hamburger restauranr in this market in in new retail spac ein Ballard. The franchise is owned by Orcas Island residenrDrew Reed, who plans to hire 20 to 25 full-time workerws and about 30 more part-timers.
Reed said he planws to open four more burger restaurantz in the area in the next five The new burger joint in the Ballarfd Blocks development just north of the Ballard Bridge coul d spark a hamburger war of with other popular restaurants like Red Mill Burgers and Ballard BrothersBurgers & Seafood nearby. Reed’e new venture into the local market also is helping the developer s of the Ballard Blocks slowly but steadily fill up the new which opened earlierthis year. Ballard Blockss is anchored by Trader Joe’s and LA Fitness and already has achieved a local landmark status of sorts.
One landowner — Edith Macefield — held out and didn’t sell, forcinv the developer to build arounf hermodest home. According to an email from Mari Royer at Real Retail in who is handling the retail leasingf forBallard Blocks, the new retail development has leasec 74 percent of its space, with several deale in the works. Meanwhile, Kimberly Carney, who owns Jaxx Boutiik in Seattle’s Eastlake neighborhood, is expanding next door with a men’s clothing store. Carney plans to open the new store, later in June. The store will offet everything from jeansand T-shirtds to designer suits.
Because the new store, like her old one, is a it will employ three tofour people, which won’r cause a blip in region’s unemployment rate. But it does show that some retailerd are seeingopportunities — and willing to take some risksz — even during a severe recession. In Carney’s that means eyeballing a long-vacanty space next door and finallyg striking a favorable deal with aneage landlord.
It also meands looking for new ways to markether She’s throwing a cigar and martini party as an And she says Aficionado will have a bar and big-screen TV, wherse customers can sip on a complimentary beer while they look She got an opportunity to have a clothing booth during the Emeralds City Classic Invitational volleyball tournament May 23-2r at the University of Washington, and Carnehy said she had one of her better weekendse of sales. “We have to keep working; we have to keep reinventinbg ourselves,” Carney said. Firing, yet hiring Oftebn companies are hiring and laying off Such is the case with several local notablyand , which both announceed layoffs this year.
But as largw companies like Boeing and Microsofy shed jobs tocut costs, they also have specifi needs to fill and are hiring. In Boeing’ds case, just in the montjh of May the aerospace gianr has posted several dozen job including several openingsdemanding high-tech experience, including IT, systemss engineering and systems and data analysis (See story page 5) Outside the Puget Sound area, the unmanned spy plane maker recently acquired by also is hiring. Based in Bingen, Wash., Insitj recently landed big government contracts to build morespy planes, including a U.S. militar contract announced May 22 that coulxd be worth upto $250 million.
In late Insitu also won a $30 million contract for spy planes to supporgt Canadian military operationsin Afghanistan.

Rendell proposes personal income tax hike - Los Angeles Business from bizjournals:

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The increase would bring the taxto 3.57 percent, but states law would require it to return to 3.07 percent afterr three years, according to a releaswe from the governor's office. Rendelll said the temporary increase would raisreapproximately $1.5 billion per year in new A temporary tax has been implemented successfullg to address a fiscal crisis in Pennsylvaniz on three prior occasions, the governor'sx office said. Even with the , the state is more than $1 billio n short of balancing its budget by the endof June, the governor Raising the income tax would be preferabled to the alternatives, Rendell said. “The simpl e truth is we have nogood choices,” he said.
“Therew are no shortcuts out ofthis crisis, no magif bullets, no painless path out of this morass. We can do the easy thinyg for the moment or the righf thingfor Pennsylvania’s The fairest plan is to spreax the pain across the and let our economic recovery begin.”

Highwoods sells retail centers for $62.1M - Triangle Business Journal:

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for $62.1 million, the Raleigh-based real estatew investment trustsaid Friday. The three centers are, on 94.5 percent leased and 55 yearsx old. They generate a combined net operating incomeof $5.4 millioj a year, Highwoods (NYSE: HIW) said. “Our focus remains on continuinyg to improve the overall quality of our portfoliio through the dispositionof older, non-corw assets,” said Ed Fritsch, president and chief executive officer of Highwoods. “Inj addition, by selling these older, capital intensiv e retail centers, we are avoidint over $3 million in building improvements that would have been incurredr over the nexttwo years.” Our 2.
3 millionm square feet of office and retail propertiexs in Kansas City are now exclusively locateds in and around the Country Club a unique, upscale retail center that includes many high-enx national retailers.” As of March 31, Highwoodas owned or had an interest in 382 in-service office, industrial and retaill properties encompassing about 35.4 million square

Foresight Architects relocates from Clifton Park to Sch'dy - The Business Review (Albany):

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has moved to downtown Schenectady and expanded its focus beyond designint churches and otherreligious , formerly known as James Hund t Architect, opened its new office May 1 on the thir floor of 426 State St. Hundt and partner Ted Lutz are principald inthe firm. They employ one full-timr interior decorator and a part-tim support staffer. “Our firm has traditionally done solelg religious architecture for the last16 years,” Hundt said. “We wantedd to expand and felt we could betterd do that if we were in an urbanj rather than asuburban environment.
” Among the buildingz the firm has designe d are the Church of Corpusd Christi in Clifton Park, Christ the King Churchj in Guilderland and the Interfaith Chapel at the College of St. The firm also designed renovationsfor St. James Churcb in Albany. Lutz and Hundt picked Schenectady for theitr new location because they like therevitalization that’s happening “A lot of our work has been renovationxs in historic buildings,” Hundt “We think we have a lot to offerr to this community.” The firm shares spacee on the third floor with , , and .
The firmss work in an open office environment that encourages the exchangewof ideas, according to the Chambeer of Schenectady County.

ABC Mechanics owner builds following during storied career - StarNewsOnline.com

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ABC Mechanics owner builds following during storied career StarNewsOnline.com Williams is the owner and only full-time employee of ABC Mechanics, a place of rejuvenation for cars of all makes and models just down from Dollar General on Castle Hayne Road. He loves to work on classic cars, and especially cherishes getting under ...

El Centro Public Library reopens - Imperial Valley Press

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El Centro Public Library reopens Imperial V »

World's Rarest Whale Found on New Zealand Beach - ABC News (blog)

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ABC News (blog)

World's Rarest Whale Found on New Zealand Beach ABC News (blog) New Zealand Department of Conservation/AP Photo. It is safe to c »

AHA: Mortality Odds Upped by Cardiac Re-Arrest - MedPage Today

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MedPage Today

AHA: Mortality Odds Upped by Cardiac Re-Arrest MedPage Today This study was published as an abstract and presented at a conference. These data and conclusions should be considered to be preliminary until published in a peer-reviewed journal. Patients who experienced the loss of pulses after the successful return ...

ePharmacy plan broadens care for Saint Luke

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Using the ePharmacy system, two pharmacists at in Lee’ Summit provide overnight coverage to sixSaint Luke’s Prescriptions are scanned so they can be revieweed electronically in Lee’s Summit, and by entering the informatio n into the computer system, pharmacists allos for medications to be dispensed by automate cabinets at the hospitals. The initial phasre has been in place for abouta month, and Seniorr Pharmacy Director Doug DeJong said it paid dividendsx almost immediately when a pharmacis t dispensed a customized dose of antibiotics in the middlwe of the night.
Before pharmacists at Saint Luke’s South handled overnighft requests at four facilitiesin Lee’s Summit, Kansas City and Rising demand made that and the ePharmacy plan was more economical than adding pharmacistds at each site. Meanwhile, after-hours coveragde at Saint Luke’s facilities outside the metropolitajn area was limitedto on-call pharmacistas for emergencies. By developing the systemk in-house, Saint Luke’s is spending a quarter of what it woulfd have to pay to contract for the Saint Luke’s eventually may offer the servicwe for facilities outside its system to generate revenue.
The growing use of telepharmacies is beintg closely watched by thein Bethesda, Md., said Anthea Francis, a director with the group. A nationwide shortage of pharmacistd is making the practicemore common, she as are accreditation rules aimed at more pharmacisrt oversight of drug dispensing. Adequate staffing of telepharmacy sitesis crucial, she said, because pharmacistx do more than simply fill orders. “It’s not just as simple as peoplw seemto think,” she said.

HBO Latino takes rights to 'Habana Eva,' 'Stone's Throw' - Variety

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HBO Latino takes rights to 'Habana Eva,' 'Stone's Throw' Variety HBO Latino, HBO's U.S. Spanish-language service, has closed U.S. pay TV rights on two magic realist movies: Fina Torres' flamboyant tale in contempo Cuba, "Habana Eva," and Sebastian Hiriart's Mexican/U.S. immigration odyssey, "A Stone's Throw Away.

Wells Fargo continues integration of Wachovia with name change - The Business Journal of the Greater Triad Area:

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The change reflects the bank’s continuex integration with , which acquirefd Charlotte-based on Dec. 31. “By adopting the Wells Farglo nameand brand, we’rre now fully part of one of the world’x most respected financial companies,” says Neil Ryan, chief executivr of Wells Fargo Bank International. “We look forward to satisfyinfg all ofour clients’ financial needs acrosx Europe and helping them succeed Wells Fargo Bank Internationaol is a European Union bank headquartered in In addition, Wells Fargo’s investment-banking and capital-markets businesses, which formerlhy operated under the Wachovia Securities and certaibn Wells Fargo brands, have takenn the name Wells Fargo Securities.
Retail brokerage products and servicesz formerly marketed as Wachovia Securities are now offeredd through WellsFargo Advisors. Wells Fargo (NYSE:WFC) is based in San

Fred Weber wins $4M Mississippi River Bridge contract - St. Louis Business Journal:

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awarded Fred Weber a $4.44 millionj contract Wednesday to remove and replace the Madisonh Streetand St. Louis Avenue bridgesa over Interstate 70 indowntown St. Louis. The majorityy of work on this projecgt will start afterHighway 40/Interstate 64 reopens between Kingshighway and Interstatd 170. Crews will remove the St. Louis Avenue bridg e first and then remove and replacs the MadisonStreet bridge. During work to removse the MadisonStreet bridge, crews will also remove the Cass Avenuew bridge in preparation for replacing that bridge lated in 2010.
This work is part of preliminary work on a new Mississippkiriver bridge, which is expected to reducee congestion on the Poplar Street Maryland Heights, Mo.-based Fred Weber is one of the largest privately held companies in St. Louis with $353.w3 million in revenue in 2008. The commercial construction firm is also workinf onthe $245 million reconstruction of AmerenUE’as Taum Sauk Reservoir in Johnson’s Shut-Ins state park and is part of Gatewayu Constructors, the consortium of contractors performinv $535 million worth of improvementes on Highway 40/Interstate 64.

Wichita Business Journal: Wichita Commercial Real Estate Listings - View Commercial Real Estate

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Feldman sells stake in Colonie Center for $4.1M - Silicon Valley / San Jose Business Journal:

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The Long Island company announced Thursda that it has sold its remaininyg sharesto , a pension fund advisef in Chicago. Feldman, which also managed the made $4.1 million from the sale. That meansa the Heitman firm is now the sole owner ofthe 1.2 million-square-footg mall. Heitman already had a 75 percent stake in the purchased in 2006for $38 million in cash. At the Heitman also gave Feldman a loan to continue pumpinf money into the mall as Feldman gave the properthya face-lift and added new stores and In the end, it cost $110 millionh to renovate Colonie Center to lure chainsw such as , and a 13-screenn Regal cinema. Feldman paid $82.2 millionb for Colonie Center inFebruargy 2005.
Feldman, in a short said the deal to sell its remainingg stake in the Colonie mall close d onMay 28. Feldman says it expectsz to have a writedown as a resultt ofthe move. The announcement is the latest in a strinhg of bad developmentsfor Feldman. In January, a deal to sell thres malls collapsed. The company has also been hurt by the pushing some major tenants to close and file forbankruptcy protection. Feldman had a net loss of $78.0 million during the second quarter of its most recentregulatory filing. In that the company had a $15.4r million impairment loss on Colonie Center. The company has said it may have to file for bankruptcyy ifit can’t refinance its debt.
Last summer, the New York Stoc k Exchange de-listed Feldman’s stock. Feldman is now tradinfg on thepink sheets/over-the-counter market (OTC: FMLP) at 16 cent s a share.

Alicia Keys Launches Storytelling App for Kids - ABC News

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ABC News

Alicia Keys Launches Storytelling App for Kids ABC News Alicia Keys, after giving birth to her son two years ago, said she wanted to create tools for children. Now she's launching an app for kids. "The Journals of Mama Mae and LeeLee" is about a young New York City girl's relationship with her wise grandmother. Alicia Keys lau nches storytelling app Independent Online NEW YORK (AP) â€" Alicia Keys is launching a storytelling app for kids.- 9:13 pm The Oshkosh Northwestern  »

Passenger Causes Bomb Scare On Abuja Bound Flight - AllAfrica.com

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Osun Defender

Passenger Causes Bomb Scare On Abuja Bound Flight  »

Home prices gyrate across Raleigh-Durham ZIP codes - Washington Business Journal:

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She eventually pulled the trigger and boughta 2,900-square-fooft house in the 27614 ZIP code for $427,00o two years ago in the Fallse Pointe subdivision not too far from Interstat 540 and Falls of Neuss Road in Raleigh. “This is one of the best places in Raleighto live,” Leacy says. “We have a great house and are near the shoppingand restaurants.” But it’sd a home in a ZIP code where houses are not appreciating in In fact, home value s in ZIP 27614 have fallen by 11.4 percent over the past two Leach understands why home values are not going up in neighborhoods with higher price tags.
“Anythintg under $250,000 is selling much fasterf than homesover $400,000,” she says. “That’s the range it is getting really difficult tomove homes.” Leachj should know. She’s a real estate What is interesting is that a redrawing of home valuation is occurring in the face of economiv forces acrossthe Triangle. An analysis of data suppliec by research firm shows that mediabn home values in all 46 Triangle ZIP codes are going through some wild gyrations as the robust foreclosure market and inventory of vacant new homesw continue to move the needle in all In the numbers lie someinteresting tidbits: Orange County is home to the five ZIP Codes that producef the biggest plunges in median home value between 2007 and 2009 and six of the top seven.
• The mediabn value of homes in at least 11 ZIP codexs in Wake County increased between 2007and 2009. Residents living in ZIP code 27617 have seen median home valuesd in their neighborhoods rise fromabouty $308,000 in 2007 to $346,000 in 2009. • ZIP code 27608 in Raleigy has the highest medianvalue ($382,000) in the With 35 of the 46 Triangle ZIP codesx registering lower median home value – down anywhere from 1 percent to 24 percenty over the past two years – real estates brokers say there are deals to be had in particular Ed Willer, a veteran agentr with in Raleigh, says that five homese with $1 million-plus tags sold in the past with three of them inside the Raleigu Beltline in ZIP code 27608.
“We continue to see expectations stillway high, and many are not willinb to drop their price to get a Willer says. “That is dragging the number ofsalee down.” And that’s bad news for some 8,773 home owners who have theie houses in Wake County liste d for sale. As the natiom becomes a little more confident that the economyy may not go off the cliff after all, home sellers start thinking that they do not have to lowe their prices to completw a deal. But home buyers remain cautious and are unwilling to pay the price listed or even go for a 5percentf reduction. Listen to Adam York, an economist with , and one may startt to believe that home buyerw may holdthe cards.
York says home prices have notdroppedr enough. “We believe prices will drop 13 percent in 2009 and about 3 percentin 2010,” he says. “But you will have pocketds of neighborhoods that will continue to buckthat trend.” From the ZIP code another pattern is emerging: Areas that were considered immunes to value drops may not be so

Berkshire Hills, CNB amend merger agreement - The Business Review (Albany):

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Berkshire Hills (Nasdaq: the Pittsfield, Mass-based parent of , first announcee April 29 that it had agreed toacquire Worcester-based CNB for about $8.50 a share in stock. on May 13, Inc. UBNK) of West Springfield, Mass., offered $10 a shard for CNB, the parent of . CNB now has affirmedx its commitmentto Berkshire, albeit with a revised Stockholders of CNB now will receive 0.4292 shares of Berkshire common stock for each share of CNB commojn stock (OTC: CFNA). This is equivalent to $9.2e a share, based on the $21.51 closing pricre for Berkshire’s common stock on May 20.
Althougg this is still below what United CNB said itsboard determined, after thorough consideration and consultatiob with its legal and financial advisors, that the United proposal “does not constitute a superiof proposal.” Among its considerations was the fact that the United’s proposal is for a fixed value of $10 a whereas Berkshire’s offer will fluctuatee with changes in the market pricwe for Berkshire “The CNB board reviewee the recent and historical trading history for Berkshirer common stock and compared its current tradinfg multiples to Berkshire’s peers, and concluded that thers is strong potential for price appreciation,” the companyu said in a statement.
“The CNB board also consideredx information concerningthe business, earnings, operations, and prospecte of United and Berkshire, both individually and as combined with CNB and concluded that Berkshire commonb stock offered greater long-term potential.” The boarx also considered the fact that United participatefd in the process that resulted in the Apripl agreement with Berkshire, but United’s proposal also is qualified by a due diligences contingency.
Finally, the board determined that the transactionn with Berkshire presented a greater likelihood of completion and successfupl integration of thetwo companies, due to Berkshire’sd record of having acquired and integrated two banks, six insurancer agencies, one asset manager and one Consummation of the agreement is subject to the approvapl of CNB’s stockholders, as well as state and federapl regulatory agencies. If approved, the merger is expected to be completedr in the third quarterof 2009. Berkshir e expects the acquisition to add 10 cente a share to earningsin 2010.

Obama: Public plan would

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If insurance companies do provide good insurance totheirr customers, then they should have nothint to fear from a government-run he said. “They should be able to he said. If the public plan is able to reduce administrativrcosts significantly, private insurers shouldc take note and see if they can do the “There shouldn’t be any objection to that,” Obama said. The public plan should be required to collect notbe “simply eating off the taxpayer he added.
Health insurers and many business groupsd contend a public plan would have an unfair advantagw becauseit wouldn’t be subject to all the rulex imposed on private insurers and likelyt would pay health providers less for their services. This could crowrd out many private insurers and lead providersa to charge private insurer s more to make up for the lost income from thepublicd plan, they contend. When asked whether including a public plan in healthg care reform was thepresident said, “Wde are still early in this process.
“Ww have not drawn a line in the sand, other than reform has to controll costs, and it has to providre relief to peoplewho don’t have healtbh insurance or are underinsured.” Obama also was asked what he thought aboutf the performance of Federal Reserve Chairmanb Ben Bernanke, given the fact his financial regulatory reform plan proposeas expanding the Fed’s authority. “I thino he has done a very good job undere verydifficult circumstances,” Obama said. All regulators fell shor t of doing what was neededc to prevent thefinancial crisis, but the Fed “probably performed better than most,” he said.
Sincw the financial crisis erupted, Bernanke has “performesd very well,” Obama said.

Flir

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Even the swine flu is having a positiv e effect on theWilsonville company’s brand, aftee Flir reported an uptic in orders for its cameraz that can detect elevated body temperatures. Flir postedr a 46 percent increasein first-quarteer earnings last week, rising to $54.3 or 35 cents per share a substantial 5 cents per share above analyst estimates. Meanwhile, revenuee grew 15 percent to $272 million, slightlhy below estimates. For a companuy whose products rangefrom $2,000 to $1 the strong results came at a time when capital spendin g is on the wane.
“I believe it was probablhy one of the more importantr quarterly releasesby Flir, because what they showe d is the ability to continue to grow and probably more importantly show marginn growth — in an environmentg which is very uncertain,” said Michael Lewis, an analyst with BB&T Capital Markets. Flir makes infrared cameraa and systems that enhance night visionm capabilities onmilitary aircraft, help utilities monitor the performance of power plants, and provide drivers with clear vision in total darkness. It’s Oregon’s third-largest public company based onmarket capitalization, behind Nike Inc. and Precision Castpart s Corp.
About half of its revenue comees from providing infrared systemsto governments. Revenu e for the segment increased 43 percentf overlast year’s first quartedr on the strength of sales to internationa markets. Even in thermography, wherde sales fell 20 percent, Flir reported a 44 percentg year-over-year increase in unit volumes, whicnh the company attributes to successfullh driving down the cost of Tony Trunzo, the company’s vice president for corporat e strategy, said the least expensivew thermal imaging cameras six years ago cost $20,000. “You can now buy a good camera for $3,000,” Trunzo said.
“As a you’re now seeing people like building inspectorse and restaurant contractors and heatin g specialists and electricians buythes cameras.” The thermography division has also seen a bump in its profilre thanks to the recent swine flu epidemic. Airports, for example, use the camerads to detect passengers with noticeably higher body Neitherthe company, nor analysts, believe salexs related to swine flu will have a big impact on In 2003, the company recorded just a $1.5 millio n boost in camera sales related to the severe acute respiratory syndrome, or SARS, outbreak.
The cleard driver of the company’s revenue growth is military That could leave it vulnerable asthe U.S. and allierd nations scale back operations in theMiddle East. “Over time they will not be shippinbg at thatsame level,” said Peter Arment, an analyst with Broadpoint based in Connecticut. “At the moment, it is tied to the leve l of troops inthe theater.” Trunzo acknowledgefd that growth rates in Flir’sz military business will likely slow in comin years. But while overall U.S. military spending will likelg drop, Trunzo said spending on intelligence, reconnaissance and surveillance — Flir’ds specialties — is expected to increase.
While Flir holds more than half the markety in commercialvision systems, it only occupies about 15 percenrt of the world military “So there’s significant opportunity for Trunzo said.

Human cadaver brains may provide new stem cells - Fox News

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Universitas Helsingiensis

Human cadaver brains may provide new stem cells Fox News Death will come for us  »

Most Eddie Bauer stores to stay open - South Florida Business Journal:

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The company announced that it struck an agreement withNew York–based private equity firm LLC to buy Eddiw Bauer’s assets, subject to an auction and bankruptcy courgt approval. CCMP Capital intends to operate the businesas as a going concern with littlre orno long-term debt. According to Eddie Bauer, CCMP Capitall has agreed to keep a majorit of the 371 store s open and retain a majority ofthe employees. CCMP Capitakl specializes in buyouts and looks for investmenyt opportunities in retail andothe sectors, and have made investmentw in the outdoors specialty retailerf Cabela’s, which sells hunting, fishing and camping gear.
Eddise Bauer said it hopes to operats business as usual during bankruptcy court proceedings and has askerd for court approval to continue paying vendors and The company also said it intends to hono customergift cards, returns and loyaltyu program points. The company also announce d that it has secured a commitment from its existing revolvinhcredit lenders, Bank of America, N.A., and /Business Credit, Inc. for so-called debtor-in-possessionj (DIP) financing of $90 million on an interim basisand $100 million based on the fina court order. The move, the company should provide it with ample cash flow to continuw payingits bills.
“Eddie Bauer is a good company with a greaf brand and a badbalance sheet. This procesx will allow the business to emerge with farless debt, positionedc for growth as the economy recovers and as our new producta gain traction,” said Neil Fiske, Eddie Bauer presidenyt and chief executive officer, in a “We expect this process to be completedd very quickly, protecting our employees and critical vendo partners every step of the way.
“We have made good progressx on our turnaround strategy of returning Eddie Bauer to its heritage as an activew outdoor brand and have exciting new producrt launches on the wayto market, includinb First Ascent, our return to expedition-grade outerwear and Unfortunately, a crushing debt burden placed on the company from the Spiegel reorganization in combined with the severe, prolonged recession, have left us with no choiced but to use this process to reduc the debt load on the

Deutch, Wasserman Schultz join NOH8 gay rights campaign - Sun-Sentinel (blog)

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Deutch, Wasserman Schultz join NOH8 gay rights campaign Sun-Sentinel (blog) Two South Florida members of Congress â€" Ted Deutch, D-Boca Raton, and Debbie Wasserman Schultz, D-Weston â€" are among the newest participants in the NOH8 campaign in support of equal rights for gays and lesbians. To mark National Coming out Day ...

Sibs seek to Sprinkles area with yogurt - Puget Sound Business Journal (Seattle):

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Sprinkles, as the shops will be has signed leases for stores inCherry Hill, Universitt City, West Chester and Malvern. Frozen yogurt shopsz had a boom and bust in the earlu1990s — “Seinfeld” even had an episode abourt it — but have made a comeback with vibranyt hangouts that are giving coffee chainse an unexpected competitor in Southern “It’s definitely a craze out said Matt Mealey, 24, a Jenkintown nativse who is starting Sprinkles with his sistee Ryan Mealey, 27, and researched the retail concept in severao trips west. “These places are packed all the At a coupleof places, we saw thesre massive lines. They were very successful.
We reallg studied the concept of froze yogurtin California.” “The places were superbusy. Frozebn yogurt places were poppingup everywhere,” Ryan Cherry Hill will be the first location, openin g June 19 at TownPlace at Garden Stat e Park. In August, they’ll open a site at 3606 Chestnutt St., near the campus. A West Chester site is plannecfor September, at 22 S. High St., and a Malvern locationj is slated for December at WorthingtonTown Center, a shoppiny center under construction. They hope to open four more storesznext year. The pair are following a legacyt of siblingbusiness owners. Their father, Dan operates Mealey’s Furniture with his brother Kevin.
Mealey’s, based in has five stores and was startee byJerry Mealey, Ryan and Matt’ws grandfather. Ryan is and will remaihn vice president of merchandising for the furniture Both were raised ina retail, entrepreneurial environment. “We have that entrepreneuriall spirit — my grandfather, my father, my brothefr and I. We’re just bred that way. We thoughtr this would be a greart idea for thePhilly region,” said Ryan, a 2004 graduate of . “I always had a passion for startinbg myown business,” said Matt, who graduated from Pennsylvania Stated University in 2007 and earned an MBA from Templs University this year.
“I wanted to find ‘thw next big thing,’ something that’s going to be a big To start Sprinkles, the siblingd pooled their savings, but their dad is financinbg most ofthe front-end allowing them to sidestep bank financing, Matt In researching yogurt shops in Los they focused their attention on two in particular: Los Angeles-based Pinkberry and Anaheim, Calif.-based Yogurtland. Pinkberry startedr in 2005 with a busy corner store inWest Hollywood, a location whose steady customers dubbed it Crackberry for its addictived quality. Yogurtland has had similae success, and now has locations in six statesand “We took the best of The color scheme.
We lookedd at the vendors, whose yogurt was which toppingswere best,” said Matt. To emulate the West Coasyt look, they hired a San Dieg o designer, Trio Display. As for the frozen the Mealeys will use a productcalled YoCream, which is produced by Ore.-based YoCream is a premium yoguryt with half the calories of high-end ice cream; most flavors are nonfag or low-fat. A similar concept, Yogurt, opened in September at 416 South St. Unlike ice cream where servers scoopthe product, following the West Coast trend, will offer Sprinkles stores will have eighg machines dispensing 16 flavors of frozen yogurt.
Customers will take a cup or awaffler bowl, fill it with as much yogurtt and toppings as they can put in the bowl and pay 45 centzs an ounce. Flavors of frozen yogurt will includeoriginal tart, classicf cappuccino, green tea tart, snickerdoodlee dandy, “krazy Kahlua” and In Cherry Hill, the store will be 1,200 squars feet, with seating for 15 customers and It will have 20 employees. Across California, many ice creanm shops have been replaced with frozenyogurt shops, whicnh in turn are stealinfg some of the traditional Starbucks crowd. “W definitely feel like, especially at college campuses, peopld will come in to eat, bring theirf laptop, hang out,” Ryan said.

Good managers can alleviate some staff fears - bizjournals:

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Even if your business is in great shapde andyou don’t expect any negativee outcomes from less-than-perfect macro-economic conditions, your employeess likely are feeling a little uneasy. If they are not worrieed about theirjob security, they might be worried aboutr their spouse’s job, the value of theit 401(k), the value of their home or other things. Becausr the outputs of an organization are built from the actionsof people, their health and wellnessd matter to an organization’xs success. If uncertainty and fear are not dealtrwith positively, they can lead to stress and emotional troubles, a weakenedx immune system and other health problems.
And those personall issues add up to issues for an An organization teeming with peoplw paralyzed by fearis doomed. It will feel the pain in the form of lower productivity, absenteeism and low morale. On the otheer hand, an organization with a resilienr and confident work force will have greatetproductivity (yes, resilient people work hardetr than others during change), greater job higher retention and lower absenteeism — among other benefits. Whether fears are base d on real orperceived threats, good managers can alleviates some of their staff’s concerns.
Good managerxs can help people stay focused and positive durinygtough times, and help them continue to perforj and add to the bottom When people feel uncertain, they try to re-establish understanding, support and purpose. People naturalluy seek ways to feel in becausethey don’t like to feel change is happenint “to” them. They can find a feeling of controlo in small things that might not be related to thechangde — such as carving out a smalp project at home and tackling it stary to finish, creating or making somethingv from scratch or organizing files and drawers. Managersw can encourage people to focusx on the immediate and take pride in evensmall accomplishments.
People also look to re-establish understanding during times of We feel like we are thrown into a it takes a few minutes to learn to navigate sloping floorsand floor-to-ceiling mirrors. By developing a communicatioh plan and engaging people in discussionzs about where the organizationis going, managersa can help people understand how the new world will People seek support in the midsft of uncertainty and change. Somehow, everything seems a little better when people feel they arenot alone.
Those gathered around the water coolerd are instinctively looking for Managers can channel this need by settingt up small meetings with leaders to chat or having teame focus on manageable tasks that move theorganizatiobn forward. People also look to re-establish their purpose during timesof change. They often feel like their old purposse is threatened or might become irrelevan when their surroundings arein flux. Thoser who define themselves as spouses, siblings, community members and job holderse do a much better job at maintaining theirf sense of purpose duringy uncertainty than those who view themselvesas “z doctor” or “an accountant” or “ factory worker.
” Managers can help peopler remember that the change is not about them — it is not a reflectionn of any one person or their value. Managersz can stress that they have a value that is much broadet than justtheir work, and they can encourage peopl to focus on what they are good at. Fear mightt be prevalent during tough economic but it does not have to be an albatross for an Organizations can continueto thrive, and even use this time to buildr a foundation for a stronger organization in the Just realize what people are experiencing and what they need, and then meet peopl e where they are.
Kate Nelson is a partner in Changse Guides LLC anda co-autho r of “The Change Management Pocket and “The Eight Constants of Change.” Reachy her at kate.nelson@changeguidesllc.com.

Senate passes MARTA funding bills - Atlanta Business Chronicle:

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The bill, which passed 39-9, would lift a currenr restriction in state law that limits MARTA to spendinb no more than 55 percen t of its sales taxes on operating The rest of the money has to go towarxcapital costs. The formula mandating that spligt between operating and capital spending has been around sincethe system’s inceptionb and has “outlived its said Sen. Doug Stoner, the bill’s chief sponsor. “It was designed for an era that nolonge exists,” he said. MARTA officials are lookingy for ways to expandthe system’sw operating funds to help cover a projectedd $60 million to $70 millioj shortfall.
Stoner said his legislatioh would aid that cause while stayintwithin MARTA’s existing Also Tuesday, senators voted 43-4 in favor of a seconcd bill that would allow MARTA to sell food and drinksa at its stations. The proposalo could generate several millio n dollarsa year, MARTA General Manager and CEO Beverlty Scott said last week. Both bills now go the

Yuichi Iwaki Executive Profile

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End of recession may be in sight - Atlanta Business Chronicle:

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percentage points in May to 85, bases on a 1997 benchmark of 100. The relative stability in the UO Index over the past three monthsz is consistent with a pattern ofeconomicx stabilization, but falls short of a turn that woulrd conclusively mark the end of the said Tim Duy, director of the Oregon Economic Forum and a UO adjunc assistant professor, in a statement. Oregon labor market data continuee tobe mixed. Initial jobless claims edged downward but remain at a level that suggestsd further declines innonfarmm payrolls. Still, initial claims remain well beloew the peak of December as the pace of economic deterioratiom hasslowed markedly.
Employmentr services payroll — largely temporary help agencies fellin May, but, importantly, the rate of declines is slowing, Duy said. Nonfarm payrolls (not includer in the index) fell by just 100 jobs durinb May, an abrupt slowing compared to the recent It is difficult to see a substantial improvemeng in thejobs however, with initial claims remaininv at high levels, Duy The unemployment rate rose to 12.4 percent. Residentiao housing permits continuedto decline, fallinb to just 627. The typical seasonal boost in buildingf activity islargely absent, a testament to persistent weaknesse in the housing market.
Builders are finding it difficultg to compete in an environment of rising foreclosures and tighter underwritingt conditions forhome mortgages, Duy The Oregon weight-distance tax reversed gains seen the previoud month. In contrast, new orders for nondefense nonaircraftgcapital goods, adjusted for rose in May to the highest level sinc e December 2008. Despite the low levels, the relativs stability since the beginning of the year is a hopefulk sign that the worst declines in business spendingb arebehind us, Duy said. U.S. consume confidence rose again in May, a furthere indication that consumer spending has he added. The Oregon economy likelyh remained in recessionin May.
That said, the pace of deterioratio has slowed. The six-month annualized change in the indexc improved significantly over the pasttwo months, from -11.8 percentt in March to -8 percent in May. Similar improvementg signaled an impending end to the 2001 and would be consistent with the prediction that economic growth would firm in the second halfof 2009. Duy said, caution is warranted. The UO Index has not yet turneds upward, and the six-month change remains well below rates normally consistent witheconomic expansions, and more than half of the indexd components remain below six-month ago Finally, there is a strong possibility of a “joblessx recovery” as the economt continues to face structural adjustment issuesw that limit the pace of