Sunday, October 31, 2010

Perry signs bill that includes $150 million for UTMB - Minneapolis / St. Paul Business Journal:

http://www.hkmentalhealthsupport.org/article/Appealing-Your-Property-Tax-Bill.html
The university will use the funds to build anew 200-berd hospital tower adjacent to the existing John Sealy restoring bed capacity to 550, as it was prior to Hurricane Ike. In addition, tuition revenue bonds of $5 milliob will go to at HB 51 also establishes measures to enhance and maintain the qualitty ofthe state’s designated and emerging public researcjh universities, creates incentive programs and fundingt for higher education institutions, provides higher education fund and creates an interim committee to studyg the feasibility of tracking specialized technology research projects.
Of the 62 nationalk research institutions inthe nation, threwe universities — , The and Texas A& University — are in Texas. The Texas Higher Educatiobn Coordinating Board has designated seven institutionx as emergingresearch universities: the ; the University of Texas campuses in Arlington, Dallas, El Paso and San ; and the University of North In addition, HB 51 providees a performance incentive funding mechanism for all of the state’sx general academic institutions based on the average numberf of degrees awarded annually and an increase in the averag e number of degrees awarded annually, with weighterd consideration for at-risk students and criticaol fields.

Saturday, October 30, 2010

Auto dealers bracing for a winnowing of ranks - Boston Business Journal:

http://watermere.com/business-acumen-courses-are-gaining-in-popularity.html
Even if (NYSE: GM) and Chrysler (NYSE: DAI) do not file for about 2,000 new-vehicle dealerships in the UnitedsStates — which works out to one of everyy 10 — are expecte d to shutter in 2008 and according to a new projection from the in McLean, Va. Already closer to 10 percent of Massachusetts’ auto dealersz have shut down this year. More dealershipsz are expected to close their doors as a result ofsluggish new-car salesa that were ignited by high gasoline prices and have continueed to lag post-Wall Street meltdown because of a huge drop in consumer confidence and availabled credit.
State GM dealerships are likelt to be among the hardest hit becauss the company has said it will shed or scalew back four of itsbrands ( , Saab, Hummer and Saturn) and there’s a greatet proliferation of GM dealerships (at least 20 percentf of all local dealerships) in the area, accordint to experts. Last week, in East Warehaj became one of the latesr dealerships to file for Chapter11 bankruptcy. The which sells new and used listed its estimated assets at lessthan $50,000 and its estimatedf liabilities as between $500,000 to $1 million. , whichn provided financing for the dealership toacquire cars, is among the The dealership did not returnx calls.
“It’s been a very tough 2008 and so what you have is a lot of dealersd who are justhanging on, hoping that somethingh different will happen,” said Ray Ciccolo, regional directort for the National Automobile Dealerxs Association. “It’s unfortunate that both the real estatde market and the automobile market are soft at thesame time, becauser I think if the commerciakl real estate market was red hot a lot of dealerz would have pulled the plug a long time Ciccolo is also president of the in Brighton, which operates seven dealerships in the Greatet Boston area that market , , Saab, , and Hondq vehicles.
He said that sales at his dealershipz are down about 30 percent to 35 The main issue formost dealerships, whicnh may or may not own the land that they sit on, is securin g financing for the cars and trucka they sell. Joe Shell, sales manager for Planetg Chrysler Jeep Dodgein Franklin, agrees that the cash cruncu is the biggest obstacle for dealerships right now. If dealere can’t get cars financed, they will likelh have to close “instantly,” he said. Detroift “has been wanting to lowerr their dealer numbers for a longtime ... now, this economyg is basically doing the jobfor them,” Shell John Santilli Sr.
of in Brocktomn has taken some drasti c measures to ensure his dealership has a good chancesof surviving. In September, Santilli decided to sell his Dodger franchise back to Chrysler because there were too many Dodgre dealerships close to his and the cars werenot “It was a drain,” he said. Now, Santilli’s dealership sellsa Cadillac andNissan cars. Sales are down about 30 but Santilli notes that his SUV sales have gotten better as gas prices have come down and the servics side of this businesse is also abright spot.
“The biggestf dilemma that we have as dealer s is that the institutions that lend us moneyto floor-plan our inventorie s — they won’t take on any new businessx or they’re asking (dealers) to go find financing Santilli said. “And in this market, how’s that going to happen?” And sales have continued to Total light vehicles sales were down 37 percent in Novemberr over the same monthlast year, accordin to in Woodcliff Lake, N.J. Consumers, shyinyg away from new are currently buying moreused , the largest Bay Statde credit union with $4.
3 billion in assets and 363,000 reported a 22 percent increase in the numbet of loans given for buying used vehicles. Meanwhile, loanxs for new vehicles at Digital rose only 2 percent during the firstf nine monthsof 2008, according to the Digital Federao Credit Union. Car sales will not improvew until the issueof Detroit’s bailout and bankruptcyh is settled, said George Magliano, director of automotivr research at in Lexington.

Thursday, October 28, 2010

bizjournals: Search Results

kleopatraxnibe.blogspot.com
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Wednesday, October 27, 2010

Companies will endure SBA red tape if it leads to cash - Baltimore Business Journal:

vadimsudigrenev.blogspot.com
So the laid-off bond trader is dipping her toes into theretaill world, with the hope of openingh K Staton Boutique. The clothing store would caterfto plus-sized women, from size 14 to 30, fillinf a niche that will hopefully help it avoid the fate of so many storees that have closed during the recession. But the Catonsville resident needs $100,000 in She is hitting up area banks fora U.S. Smalpl Business Administration loan. Aftert being turned down by one bank, she is waitinvg to hear from two others.
Greer is like other entrepreneurws who are turning to the Small Business Administrationj as tight credit has made lending from privatse investors and regular bank loans SBA lenders, including some traditional banks, say there has been an upticl in interest in SBA loans sincew the agency received federal stimulus mone y that made the loan program more attractivee to small businesses. It eliminated fees on its basic which can save thousandsof dollars, and increased the maximuk guarantee on a loan from 85 perceng to 90 percent. “Ic you put a lot of moneu behind something, it will get easier,” said Todd CEO of Mindgrub Technologies LLC.
The Ellicotg City firm receiveda $25,000 SBA line of credir in March from , the region’s largesy SBA lender. “I know the SBA is gettin a lotof support.” Consequently, entrepreneur like Greer are hopeful they can get the monety to start a new company. Others, who have existinh businesses, are turning to the SBA as a lifelins to keep theircompany afloat. But don’yt expect to walk into a bank and come out with a wad of Lenders and business owners say that you need to be armed with plentty offinancial documents, collateral and good credit Take for instance, Steve Ko, who last month receivexd a $50,000 SBA-backed loan from to open Oakey’d Grill.
Restaurants are risky ventures that can be tough to fund even in good But bank executives say they loane the money forthe pit-beerf sandwich shop because Ko maintains a good credig rating. He also knows something about the industry as his family hasoperatexd restaurants, delis and other businesses in Howard Counth for 30 years. Experience makes you a better candidate for a Banks also take a look at your For SBA loans greaterthan $50,000, bankxs want 100 percent collateral for a startup, said Craigy J.
Panos, a business counselor at the Marylanr Small Business Development Center in So if you want toborroew $100,000, you should expect to have $100,000o in collateral, most often your That can be difficult for many business ownerx whose home values are dropping. SBA lendersz are scrutinizing loans more than ever because of thecrediyt squeeze. It can take three to four months to get a loan Panos said. Prepare to supply bank documents, your businesws plan and details on how you will spendrthe money. David Janocha did not mind fillinhg out the 25 pages of SBA formas to getthe $75,000 SBA-backed loan this year for his electronic fingerprinting company LLC.
He applied for and receivede another $25,000 line of credit in March through inGlen Burnie. “If you are not an organizeds person then it would bea hassle,” said Janocha, who keepw all of this financial documents in ready-to-access files. “I know where every dollar

Monday, October 25, 2010

Study: school buses safe enough without seat belts - Washington Post

http://air-fare.com/images/prospect.htm


Study: school buses safe enough without seat belts

Washington Post


School buses are safe enough without seat belts and students in many cases ignore a requirement to wear them, according to a study in Alabama released ...



and more »

Sunday, October 24, 2010

New DC for practical solutions to issues - Times of India

http://www.minerta.ru/post138270125/


New DC for practical solutions to issues

Times of India


... he would first assess the ground realities before announcing any major initiatives. The approach would be to give practical solutions to issues, he said.



and more »

Friday, October 22, 2010

Emperor Akihito to honor Hebrew U. prof for Japan studies - Jerusalem Post

http://www.7iwarforum.org/article/Adding-Cocoa-Beans-to-Your-Daily-Diet.html


Emperor Akihito to honor Hebrew U. prof for Japan studies

Jerusalem Post


In November 2000, Japanese Emperor Akihito, through Japanese Ambassador Hiroshi Shigeta, presented him with the Order of the Sacred Treasure, ...