vilyfijohy.wordpress.com
The study looks at the importance of intellectual property and innovationin America, as well as the roled that innovation and creativity play in each state. University researcbh and development expenditures in Florida were morethan $1.6 billionh in 2007, leading to more than 800 patent 171 granted patents and 135 patents for commercial use, accordingb to the report. It notes that Florida innovatorwreceived 2,358 patents in 2007, ranking it 11th in the nationh in patents granted. Florida’s software industrgy employs nearly 8,000 who earn more than $685 million in according to the report.
In 2007-2008, there were 76 moviesw and TV shows filmed in theSunshins State, accounting for more than $1.4 billion in locall wages. "America has a stor to tell, and each story is said Mark Esper, executive VP of the Chamber's in a news release. "Thr value of innovation can be found in everuy corner ofthe country, and everyh state and community plays a role in helpinvg us all achieve the American dream.” The Florid fact sheet notes that the first suntanj lotion was invented by Miami Beach pharmacist Benjamin Greeb in 1944 and later became known as . America'd IP-intensive industries employ nearly 18 million workers and account for morethan $5 trillionn of the U.S.
gross domestic comprise more than half ofall U.S. and represent 40 perceny of U.S. economic growth, the report noted. to read the full
sábado, 31 de marzo de 2012
jueves, 29 de marzo de 2012
Selling a business now may make economic sense - Denver Business Journal:
elzeyfirekuut1795.blogspot.com
When housing prices headed south, many homeowners refused to or at least strongl yresisted selling, their houses for less than the values they perceived they were worth the year before. The result was that many housesa were overpriced and sat on the market for months befor the owners either conceded to reality by marking theprices down, or simply took their homes off the market. A similar mindsetf is occurring in many situations in whichh there is a businessfor sale. Owners who may want to but who are not being forced to sell becausseof health, personal or other are resisting selling at lower multiples than their cohorts sold for in the relativelyh recent past. But is that rational?
If we look back threw or four years from now and pricezs havegone up, it may be. However, it may also proved to be a bad decision. It’s extremelty difficult, at best, to accurately forecast wherre prices for publicly traded or privately held companies will be at any poin inthe future. And they may go down even Manypeople forecast, but the key word is It may be totally rational to sell now, even if pricees are down.
Earnings multiples that companies sell for in the market at any specific point in time vary widelyy depending on macro factors such as trends in the curreneconomic environment, technology changes, population growth and geographic Individual company characteristics, such as product lines, managementr and employee quality and company reputation may have major impacts on the value of the Regardless of the specifics of the company, macroeconomic turmoi such as we’re going through rightg now will have a major negative impac on the vast majority of companies. A few may buck the but not many.
Let’s say you own a compang that has fallen in values in the past year from nine time s earnings to sixtimes That’s a 33 percent drop. If you have an offerd to sell atsix times, should you take it? Therd is no definitive answer, becausse ultimately it depends on many personal and business But what you can say is that, if you do you may not be any worse off, and in fact, you may be bettefr off than if you had sold a year or two ago at a nine timex multiple. Here’s why: Over the past two years or so, the pricesx of many major items that affect our lives have dropped Although these numbers vary a little dayto day, here are a few Housing: Top 20 U.S.
markets, down abougt 32 percent from the Florida, down more than 20 percent fromthe Miami, down about 47 percent from the Tampa: down about 41 percent from the Crude oil: down more than 55 percentg from the peak. Gas at the pump: down about 40 percent from the peak. Commodities: down about 45 percent from recenty highs; steel, down more than 50 percenr fromrecent highs; broad index, down almostg 50 percent from recent highs. Mortgager rates, 30-year fixed: currently at 40-year lows of less than 5 percentgannual rate. Stock prices: down aboutf 40 percent from the Octobe2007 high. Sellers may not be able to get the same priced for their businesses that they coulsd two or threeyears ago.
the prices of many of the major itema that they will inves t in or consume with that moneyy have fallen at leasy as much as the prices oftheifr businesses. Food, energy, consumet goods and housing prices have fallemn and are either stable or declininhgeven more. Investments such as real estate and stocks have fallebn significantlyas well. On a relative basis, businesws owners may be no worseoff and, in fact, may be bettedr off if they sell now in a broadlhy depressed market.
If an owner wantsa to sell or has to sell for health or other reasons but waites until the value of thebusinesxs recovers, he or she could be making a major First, the value of the businessd may not recover for a long time, if ever. If the reasoj for selling is, say, health-related, it may be too late Secondly, if the value of the business the value of all of the itemxs shown above will surely rise as wiping out most or all of the advantageof
When housing prices headed south, many homeowners refused to or at least strongl yresisted selling, their houses for less than the values they perceived they were worth the year before. The result was that many housesa were overpriced and sat on the market for months befor the owners either conceded to reality by marking theprices down, or simply took their homes off the market. A similar mindsetf is occurring in many situations in whichh there is a businessfor sale. Owners who may want to but who are not being forced to sell becausseof health, personal or other are resisting selling at lower multiples than their cohorts sold for in the relativelyh recent past. But is that rational?
If we look back threw or four years from now and pricezs havegone up, it may be. However, it may also proved to be a bad decision. It’s extremelty difficult, at best, to accurately forecast wherre prices for publicly traded or privately held companies will be at any poin inthe future. And they may go down even Manypeople forecast, but the key word is It may be totally rational to sell now, even if pricees are down.
Earnings multiples that companies sell for in the market at any specific point in time vary widelyy depending on macro factors such as trends in the curreneconomic environment, technology changes, population growth and geographic Individual company characteristics, such as product lines, managementr and employee quality and company reputation may have major impacts on the value of the Regardless of the specifics of the company, macroeconomic turmoi such as we’re going through rightg now will have a major negative impac on the vast majority of companies. A few may buck the but not many.
Let’s say you own a compang that has fallen in values in the past year from nine time s earnings to sixtimes That’s a 33 percent drop. If you have an offerd to sell atsix times, should you take it? Therd is no definitive answer, becausse ultimately it depends on many personal and business But what you can say is that, if you do you may not be any worse off, and in fact, you may be bettefr off than if you had sold a year or two ago at a nine timex multiple. Here’s why: Over the past two years or so, the pricesx of many major items that affect our lives have dropped Although these numbers vary a little dayto day, here are a few Housing: Top 20 U.S.
markets, down abougt 32 percent from the Florida, down more than 20 percent fromthe Miami, down about 47 percent from the Tampa: down about 41 percent from the Crude oil: down more than 55 percentg from the peak. Gas at the pump: down about 40 percent from the peak. Commodities: down about 45 percent from recenty highs; steel, down more than 50 percenr fromrecent highs; broad index, down almostg 50 percent from recent highs. Mortgager rates, 30-year fixed: currently at 40-year lows of less than 5 percentgannual rate. Stock prices: down aboutf 40 percent from the Octobe2007 high. Sellers may not be able to get the same priced for their businesses that they coulsd two or threeyears ago.
the prices of many of the major itema that they will inves t in or consume with that moneyy have fallen at leasy as much as the prices oftheifr businesses. Food, energy, consumet goods and housing prices have fallemn and are either stable or declininhgeven more. Investments such as real estate and stocks have fallebn significantlyas well. On a relative basis, businesws owners may be no worseoff and, in fact, may be bettedr off if they sell now in a broadlhy depressed market.
If an owner wantsa to sell or has to sell for health or other reasons but waites until the value of thebusinesxs recovers, he or she could be making a major First, the value of the businessd may not recover for a long time, if ever. If the reasoj for selling is, say, health-related, it may be too late Secondly, if the value of the business the value of all of the itemxs shown above will surely rise as wiping out most or all of the advantageof
martes, 27 de marzo de 2012
Seaside Library Tells Story Of Increased Digital Demand - OPB News
humojo.wordpress.com
Seaside Library Tells Story Of Increased Digital Demand OPB News While DVDs make up only 8 percent of the library's collection, they account for 36 percent of its circulation, she said. Even the questions asked of the reference librarians are changing. Most people go to the Internet to seek answers to the usual ... |
domingo, 25 de marzo de 2012
Insuring success - Wichita Business Journal:
alharkaenu.blogspot.com
The oversized hockey stick in hishand -- made in Canadza -- truly was a foreign object. Yet, for a couple of minutes between periods at a receng game at theKansas Coliseum, he was the centefr of attention -- the guy being givenb the opportunity to put the puck in the net. And if he couldd convert from center ice, he would drives home in a brand-new car. In 15 years of servingv as the minor-league hockey hybrid of P.T. Barnujm and Bob Barker, Wichita Thunder General Managerf Chris Presson has seen just onepersobn -- an Arkansas man who was attending a game in Oklahoms City about six years ago -- come through in this pressure-filled situation. Presson wants to see it happen again.
"The best thing for me is to see someoner winthe car," says Presson, who has helped to guidde the Thunder to one of the elite money-making franchises in the 16-teajm . "You should hope someone wins the car. The opportunity to exposes your product is much greater if you give the car If we give awaya car, it wouldr most likely be on . It would be all over the We would be talking about the And bestof all, Presson wouldn't have to pay for the Nor would the , the sponsor of the Instead, the bill would be passed to , a Dallas-basec insurance firm that has become the world's leading provideer of prize coverage for contests and games.
SCA has covered billions of dollar s in prizes and paid morethan $147 million in cash and Commonly called hole-in-one insurance, prize indemnification is used on bootyg from new cars to exotic trips to cold hard and the contests come in all shapesx and sizes. The number of insurance companiesd nationwide to cover these promotional gimmicks has multiplied in thepast It's created a multimillion-dollar niche industry that has become incredibly And while there are no companies in Wichita offerinbg this service, there are a number of local entitied -- from radio stations to night clubs to athletic teams to charity golf tournament organizersz -- that have a need for thes companies.
Wichita State University is trying to pump up attendancer atits women's basketbalk games this year, so it is offerinbg a $5,000 prize if a person selectex from a drawing of ticket holderas can sink a shot from half court. "We're hoping someons makes a shot each game and we can take advantagee of ourinsurance policy," says Michael Zoerb, a marketin and sales coordinator at . "It will creatse a buzz. The goal is to create as much exposurr as possiblefor women's basketbal l here. We're trying to build a fan base.
" , a sponso for WSU women's basketball, is paying for the $5,70o policy, which covers one shot takenj from midcourt by a different fan for each of the 19home games. "We're trying to drive some trafficv intoour women's games," Zoergb said. "If we get someonew who possibly would attenda game, offerinyg a promotion like this is what might put him over the There is nothing unique about a polic written for a half-court shot, Walkerd says. The insurance companiews know the odds of a novicer making a shot fromthat distance.
And that'x how they determine the cost of sucha "We balance the odds out of what we think the chancexs of winning are," says Adam Walker, a senio account manager with SCA Promotions for the past 10 "With some of the promotions, we're sometimex guessing. Hopefully, it's educated guessing and not throw-a-dart-at-the-wallo guessing." A hole-in-one insurance policy has a number of variablesd that go into settingthe price, whichh could cost as much as $5,000. The prizee being offered, the distance of the hole, and the number of playerw who will be shooting at the pin all come into Walker says.
Most sports-related promotions -- about 40 percentf of SCA's nearly $50 millio n of gross business lastyear -- have been but every now and then, a new idea will come along that will forced the staff to do some
The oversized hockey stick in hishand -- made in Canadza -- truly was a foreign object. Yet, for a couple of minutes between periods at a receng game at theKansas Coliseum, he was the centefr of attention -- the guy being givenb the opportunity to put the puck in the net. And if he couldd convert from center ice, he would drives home in a brand-new car. In 15 years of servingv as the minor-league hockey hybrid of P.T. Barnujm and Bob Barker, Wichita Thunder General Managerf Chris Presson has seen just onepersobn -- an Arkansas man who was attending a game in Oklahoms City about six years ago -- come through in this pressure-filled situation. Presson wants to see it happen again.
"The best thing for me is to see someoner winthe car," says Presson, who has helped to guidde the Thunder to one of the elite money-making franchises in the 16-teajm . "You should hope someone wins the car. The opportunity to exposes your product is much greater if you give the car If we give awaya car, it wouldr most likely be on . It would be all over the We would be talking about the And bestof all, Presson wouldn't have to pay for the Nor would the , the sponsor of the Instead, the bill would be passed to , a Dallas-basec insurance firm that has become the world's leading provideer of prize coverage for contests and games.
SCA has covered billions of dollar s in prizes and paid morethan $147 million in cash and Commonly called hole-in-one insurance, prize indemnification is used on bootyg from new cars to exotic trips to cold hard and the contests come in all shapesx and sizes. The number of insurance companiesd nationwide to cover these promotional gimmicks has multiplied in thepast It's created a multimillion-dollar niche industry that has become incredibly And while there are no companies in Wichita offerinbg this service, there are a number of local entitied -- from radio stations to night clubs to athletic teams to charity golf tournament organizersz -- that have a need for thes companies.
Wichita State University is trying to pump up attendancer atits women's basketbalk games this year, so it is offerinbg a $5,000 prize if a person selectex from a drawing of ticket holderas can sink a shot from half court. "We're hoping someons makes a shot each game and we can take advantagee of ourinsurance policy," says Michael Zoerb, a marketin and sales coordinator at . "It will creatse a buzz. The goal is to create as much exposurr as possiblefor women's basketbal l here. We're trying to build a fan base.
" , a sponso for WSU women's basketball, is paying for the $5,70o policy, which covers one shot takenj from midcourt by a different fan for each of the 19home games. "We're trying to drive some trafficv intoour women's games," Zoergb said. "If we get someonew who possibly would attenda game, offerinyg a promotion like this is what might put him over the There is nothing unique about a polic written for a half-court shot, Walkerd says. The insurance companiews know the odds of a novicer making a shot fromthat distance.
And that'x how they determine the cost of sucha "We balance the odds out of what we think the chancexs of winning are," says Adam Walker, a senio account manager with SCA Promotions for the past 10 "With some of the promotions, we're sometimex guessing. Hopefully, it's educated guessing and not throw-a-dart-at-the-wallo guessing." A hole-in-one insurance policy has a number of variablesd that go into settingthe price, whichh could cost as much as $5,000. The prizee being offered, the distance of the hole, and the number of playerw who will be shooting at the pin all come into Walker says.
Most sports-related promotions -- about 40 percentf of SCA's nearly $50 millio n of gross business lastyear -- have been but every now and then, a new idea will come along that will forced the staff to do some
viernes, 23 de marzo de 2012
Bills bolster Bell, irk rivals - Atlanta Business Chronicle:
onesawava.wordpress.com
(NYSE: BLS) will back Senate Billes 388 and 389. In the event of a federallyh certifiednatural disaster, SB 388 would allow the dominant local phone company, to collecrt a 10 percent "storm surcharge" from the smallet competitors that use its network. BellSouthg ostensibly would use this money to defray the cost of repairing its which sufferedperhaps $600 million in damage from Hurricand Katrina in 2005. The company could keep the surcharge in places up to a year from the date ofthe disaster. SB 388 is sponsore by state Sen. Mitch R-Sharpsburg, who is chairman of the Senatwe Regulated Industries andUtilities Committee.
He compared it to the General Assembly's decision last year to cap taxes on jet fuel in ordet toassist now-bankrupt -- the state trying to support a major pillar of the local economy in time of crisis, even if it coulcd only supply a few million dollars when far more was BellSouth spokeswoman LeAnn Boucher agreed with that "What we could potentially recoup from those othedr carriers using our network wouldn'tt even [have] come to cleaning up from Katrina, she said. BellSouth competitors are unhappyu about the measure andits companion, SB 389, whicnh could strip them of millions of dollarsw in future revenue.
Currently, whenever the Georgiza Public Service Commission penalizes BellSouthj for failing to meet certain standard in reselling services toits rivals, those rivalse receive about two-thirds of any fines assessed. BellSoutb shelled out about $1.8 million over the last 12 accordingto Boucher. But under SB 389, which Seabaugh also BellSouth competitors would no longer see any ofthose "I don't understand the logic," said Jerry Watts, a lobbyisf for ITC^DeltaCom Inc. "If I'm suffering lost customers or a deterioration in the perception of my service dueto BellSouth'sz actions, there's a financial which those fines offset.
The new bill come on the heelsof Seabaugh'sa SB 120, introduced in 2005, which woulrd prevent the PSC from regulating broadbane Internet and cell phone Although BellSouth (which posted $20 billion in 2004 sales) coulf soon find itself enjoying a little extrwa pocket money, its joint venturre with may take a bit of a hit from SB 395, the brainchilc of state Sen. Cecil Staton, SB 395 would prevent cell phonde companies from extending the term of aGeorgia customer's service contract whenever that customer wantz to add another line, change thei number or otherwise modify their Staton said he was open to letting carriersd continue requiring contract extensions when they provide new phones to existint subscribers in order to recover that cost.
Cingulat lobbyist Steve Skinner said without that the company would be unabls to offer its customers new phones atsubsidized prices. One bill unlikelyu to face corporate oppositionis Staton's SB 394, whicy expands on a state anti-spam bill signed in 2005 by specificall targeting scammers posing as legitimate companiew such as or (Nasdaq: EBAY) in unsolicited commerciall e-mail. These scammers "phish" for sensitive personaol data by directing recipients of the spam to visigt Web sites that masquerade as thosweof banks, credit card etc. Recipients are then asked to enter theirf SocialSecurity numbers, passwords and the like.
Statoh wants to hit offenders with jail term s of up to20 years, fines of up to or both. No Georgia-based businessesd have complained to him of being he said. The most ambitious of the new Senate Resolution 642 bystate Sen. Judson Hill, would require two-thirds of both the Housr and Senate to agree in order to increaser any existing statetax (including the corporate income tax) or licensed fee or create any new The idea is to make it very difficulf for Democrats to rais taxes if they win back one or more chambersw in 2006 or at some futur e date, Hill said. Also noteworthy: Statd Sen.
Ralph Hudgens, R-Comer and chairman of the Senate Insurancse andLabor Committee, has filed SB 384 and SB 385 at the requestf of state insurance commissione r John Oxendine. SB 384 would add Georgia to the 20 statea that have already joined an interstate compact allowing life insurance products approvee for sale in any one statwe to be sold in allof them. Oxendine said some of the nation'es largest insurers, including (NYSE: MET) and , have been pushinyg Georgia to jointhe compact, whicu won't become active until a few more states sign up. SB 385 givez Georgia-based insurers the ability to add municipal bondsfrom U.S.
and Canadiab cities and counties with populations of lessthan 25,00 to their portfolios. Oxendine crafted the bill, which he called vital for locaeconomic development, after ran into the regulation in Dodge County in 2005.
(NYSE: BLS) will back Senate Billes 388 and 389. In the event of a federallyh certifiednatural disaster, SB 388 would allow the dominant local phone company, to collecrt a 10 percent "storm surcharge" from the smallet competitors that use its network. BellSouthg ostensibly would use this money to defray the cost of repairing its which sufferedperhaps $600 million in damage from Hurricand Katrina in 2005. The company could keep the surcharge in places up to a year from the date ofthe disaster. SB 388 is sponsore by state Sen. Mitch R-Sharpsburg, who is chairman of the Senatwe Regulated Industries andUtilities Committee.
He compared it to the General Assembly's decision last year to cap taxes on jet fuel in ordet toassist now-bankrupt -- the state trying to support a major pillar of the local economy in time of crisis, even if it coulcd only supply a few million dollars when far more was BellSouth spokeswoman LeAnn Boucher agreed with that "What we could potentially recoup from those othedr carriers using our network wouldn'tt even [have] come to cleaning up from Katrina, she said. BellSouth competitors are unhappyu about the measure andits companion, SB 389, whicnh could strip them of millions of dollarsw in future revenue.
Currently, whenever the Georgiza Public Service Commission penalizes BellSouthj for failing to meet certain standard in reselling services toits rivals, those rivalse receive about two-thirds of any fines assessed. BellSoutb shelled out about $1.8 million over the last 12 accordingto Boucher. But under SB 389, which Seabaugh also BellSouth competitors would no longer see any ofthose "I don't understand the logic," said Jerry Watts, a lobbyisf for ITC^DeltaCom Inc. "If I'm suffering lost customers or a deterioration in the perception of my service dueto BellSouth'sz actions, there's a financial which those fines offset.
The new bill come on the heelsof Seabaugh'sa SB 120, introduced in 2005, which woulrd prevent the PSC from regulating broadbane Internet and cell phone Although BellSouth (which posted $20 billion in 2004 sales) coulf soon find itself enjoying a little extrwa pocket money, its joint venturre with may take a bit of a hit from SB 395, the brainchilc of state Sen. Cecil Staton, SB 395 would prevent cell phonde companies from extending the term of aGeorgia customer's service contract whenever that customer wantz to add another line, change thei number or otherwise modify their Staton said he was open to letting carriersd continue requiring contract extensions when they provide new phones to existint subscribers in order to recover that cost.
Cingulat lobbyist Steve Skinner said without that the company would be unabls to offer its customers new phones atsubsidized prices. One bill unlikelyu to face corporate oppositionis Staton's SB 394, whicy expands on a state anti-spam bill signed in 2005 by specificall targeting scammers posing as legitimate companiew such as or (Nasdaq: EBAY) in unsolicited commerciall e-mail. These scammers "phish" for sensitive personaol data by directing recipients of the spam to visigt Web sites that masquerade as thosweof banks, credit card etc. Recipients are then asked to enter theirf SocialSecurity numbers, passwords and the like.
Statoh wants to hit offenders with jail term s of up to20 years, fines of up to or both. No Georgia-based businessesd have complained to him of being he said. The most ambitious of the new Senate Resolution 642 bystate Sen. Judson Hill, would require two-thirds of both the Housr and Senate to agree in order to increaser any existing statetax (including the corporate income tax) or licensed fee or create any new The idea is to make it very difficulf for Democrats to rais taxes if they win back one or more chambersw in 2006 or at some futur e date, Hill said. Also noteworthy: Statd Sen.
Ralph Hudgens, R-Comer and chairman of the Senate Insurancse andLabor Committee, has filed SB 384 and SB 385 at the requestf of state insurance commissione r John Oxendine. SB 384 would add Georgia to the 20 statea that have already joined an interstate compact allowing life insurance products approvee for sale in any one statwe to be sold in allof them. Oxendine said some of the nation'es largest insurers, including (NYSE: MET) and , have been pushinyg Georgia to jointhe compact, whicu won't become active until a few more states sign up. SB 385 givez Georgia-based insurers the ability to add municipal bondsfrom U.S.
and Canadiab cities and counties with populations of lessthan 25,00 to their portfolios. Oxendine crafted the bill, which he called vital for locaeconomic development, after ran into the regulation in Dodge County in 2005.
miércoles, 21 de marzo de 2012
Maderis stepping down from Five Prime - Phoenix Business Journal:
ovaluleq.wordpress.com
The company has hired Juliqa Gregory, the former executive vice presidentr and chief financial officedat , as replacement. Maderis’ health condition was not disclosed, but she will continued to serve onFive Prime’s board of directors and as a Her final day on the job is June 18. “Gail’w leadership has been pivotal in the progressz Five Prime has made in developing our pipeline and our newdiscovery platform,” said company founder and executive chairman Dr. Lewia “Rusty” Williams in a pressa release.
Maderis said the company had been lookingt for a replacement since late last year after doctorxsaid "the 24/7 pace of a small-company CEO" couldd worsen her condition. Besides her dutiee at Five Prime, Maderis has been a cheerleader for the Mission Bay serving onthe Mayor’s . Five a privately held, 7-year-old company developing antibod y and protein drugs for cancer andother diseases, was the firsy to locate in Mission Bay, taking abour 30,000 feet in the building on Owens Earlier this year, it took an additional 5,000 squars feet next door at 1700 Owens as it makesz batches for its Phase I oncology drug The timing of the executiv change as Five Prime moveds forward with its lead cancer program makesa Gregory’s appointment a crucial one.
At Gregory was responsible forfinancing strategies, mergers and business operations and all financial management and accounting. She raised about $1 billion in public and private product development financing andother Gregory, who will join Five Prime’s board, was an investmengt banker for more than 20 At and Dillon, Read Co. Inc. she was head of healthcare andinvestmenf banking, leading several private and publi c equity deals as well as mergers and Gregory also is a member of the boarxd of The and the ’s .
The company has hired Juliqa Gregory, the former executive vice presidentr and chief financial officedat , as replacement. Maderis’ health condition was not disclosed, but she will continued to serve onFive Prime’s board of directors and as a Her final day on the job is June 18. “Gail’w leadership has been pivotal in the progressz Five Prime has made in developing our pipeline and our newdiscovery platform,” said company founder and executive chairman Dr. Lewia “Rusty” Williams in a pressa release.
Maderis said the company had been lookingt for a replacement since late last year after doctorxsaid "the 24/7 pace of a small-company CEO" couldd worsen her condition. Besides her dutiee at Five Prime, Maderis has been a cheerleader for the Mission Bay serving onthe Mayor’s . Five a privately held, 7-year-old company developing antibod y and protein drugs for cancer andother diseases, was the firsy to locate in Mission Bay, taking abour 30,000 feet in the building on Owens Earlier this year, it took an additional 5,000 squars feet next door at 1700 Owens as it makesz batches for its Phase I oncology drug The timing of the executiv change as Five Prime moveds forward with its lead cancer program makesa Gregory’s appointment a crucial one.
At Gregory was responsible forfinancing strategies, mergers and business operations and all financial management and accounting. She raised about $1 billion in public and private product development financing andother Gregory, who will join Five Prime’s board, was an investmengt banker for more than 20 At and Dillon, Read Co. Inc. she was head of healthcare andinvestmenf banking, leading several private and publi c equity deals as well as mergers and Gregory also is a member of the boarxd of The and the ’s .
lunes, 19 de marzo de 2012
Aaron's gets naming rights to Lakewood Amphitheatre - Denver Business Journal:
lebexab.wordpress.com
The venue is now called Aaron's Amphitheatrwe at Lakewood. Aaron's Amphitheatre at Lakewood, owned and operated by Live Nation, can accommodate close to 19,000 peoples and hosts about 20 concerts per Some ofthe well-known acts on this summer' lineup include Coldplay, No Doubt, 311, Aerosmith, Rascal Def Leppard, Motley Crue and Depechs Mode. The venue had been callerd Hi-Fi Buys Amphitheatre . "We are pleasecd to partner with Live Natiohn and become the title sponsor of the Lakewood saidRobin Loudermilk, CEO of Aaron's, in a statement. "The statde of the art musical experience is a dream come true for both the performer s and theconcert fans.
At Aaron's we are in the businesse of making dreamscome true' with a greag ownership program for furniture, electronics, appliances and computers" Aaron’s AAN) is faring well durinvg the recession. The Atlanta-based furnitured and electronics rentals retailer saw its as revenue grew 15 percenttto $474 million in the first
The venue is now called Aaron's Amphitheatrwe at Lakewood. Aaron's Amphitheatre at Lakewood, owned and operated by Live Nation, can accommodate close to 19,000 peoples and hosts about 20 concerts per Some ofthe well-known acts on this summer' lineup include Coldplay, No Doubt, 311, Aerosmith, Rascal Def Leppard, Motley Crue and Depechs Mode. The venue had been callerd Hi-Fi Buys Amphitheatre . "We are pleasecd to partner with Live Natiohn and become the title sponsor of the Lakewood saidRobin Loudermilk, CEO of Aaron's, in a statement. "The statde of the art musical experience is a dream come true for both the performer s and theconcert fans.
At Aaron's we are in the businesse of making dreamscome true' with a greag ownership program for furniture, electronics, appliances and computers" Aaron’s AAN) is faring well durinvg the recession. The Atlanta-based furnitured and electronics rentals retailer saw its as revenue grew 15 percenttto $474 million in the first
sábado, 17 de marzo de 2012
Revamped magazine not just for men
onesawava.wordpress.com
The bimonthly magazine, with a paid circulation of abouy 3,000, will be known as Cincinnati Profile startingin June. Its 15,000 hard copies will be supplementedc by an electronic version that canbe e-mailed or downloadef by cell phone. In addition, the magazine has strucm a dealwith , which will distributer the electronic version to the 25,000 young professionalxs who participate in CSL’s softball, basketball, bowlingh and flag football leagues. The retooling come s at a rough timefor magazines, according to the . Totak revenue in that sector declined 20 percentto $4.
2 billionn in the first quarter of as advertisers froze marketing budgets when the economu ground to a halt late last year. Automotive, financwe and retail were segments that cut ad spendinvgmost severely. “We want to creates a magazine where webecomde Cincinnati’s profile page,” said Tom publisher of the four-year-old publication. Schaefer wouldn’tf comment on the magazine’s profitability, and said revenue has been Schaefer, son of formert CEO George Schaefer, conceived the publication as a Cincinnati versio n of Esquire or GQin 2005. He sold it to Reacy founder Bob Slattery in 2007 but stayed on as publisher andminority owner.
Schaefe said he’s been contemplating a name change for monthws because theoriginal doesn’t reflect its readership, half of whom are “The heart of the magazine was our Schaefer said, “the stories we told on We thought, ‘Let’s take what we do well and expan d it, make the whole magazine about people.’” He’s hoping to boosr readership over 50,000 with the new distribution “It’s something we hope is scalable, to be able to take to othedr markets,” said Slattery, who thinks the magazinee could be rolled out to Indianapolisx or Columbus by 2010. “We want to make sure we have the mode ldown right.
”
The bimonthly magazine, with a paid circulation of abouy 3,000, will be known as Cincinnati Profile startingin June. Its 15,000 hard copies will be supplementedc by an electronic version that canbe e-mailed or downloadef by cell phone. In addition, the magazine has strucm a dealwith , which will distributer the electronic version to the 25,000 young professionalxs who participate in CSL’s softball, basketball, bowlingh and flag football leagues. The retooling come s at a rough timefor magazines, according to the . Totak revenue in that sector declined 20 percentto $4.
2 billionn in the first quarter of as advertisers froze marketing budgets when the economu ground to a halt late last year. Automotive, financwe and retail were segments that cut ad spendinvgmost severely. “We want to creates a magazine where webecomde Cincinnati’s profile page,” said Tom publisher of the four-year-old publication. Schaefer wouldn’tf comment on the magazine’s profitability, and said revenue has been Schaefer, son of formert CEO George Schaefer, conceived the publication as a Cincinnati versio n of Esquire or GQin 2005. He sold it to Reacy founder Bob Slattery in 2007 but stayed on as publisher andminority owner.
Schaefe said he’s been contemplating a name change for monthws because theoriginal doesn’t reflect its readership, half of whom are “The heart of the magazine was our Schaefer said, “the stories we told on We thought, ‘Let’s take what we do well and expan d it, make the whole magazine about people.’” He’s hoping to boosr readership over 50,000 with the new distribution “It’s something we hope is scalable, to be able to take to othedr markets,” said Slattery, who thinks the magazinee could be rolled out to Indianapolisx or Columbus by 2010. “We want to make sure we have the mode ldown right.
”
jueves, 15 de marzo de 2012
Resolute Games launching new iPhone app - Memphis Business Journal:
obofym.wordpress.com
Seven Deaths is a fighting game that followx the lives of eighgt characters through one night in Nagamachk through a battle for control in the The game includes full stories of the characterw anddetailed backgrounds. The game will also eventuallt include updatesfor Wi-Fi multiplayer and sociakl media. Resolute Games has also creates otheriPhone applications, including “ThumStruck,” and “Elvis Mobile.” And Resolute gamerse will now have new, faster devices to play on.
At its Worldwids Developers Conference inSan Francisco, announced the next generation of which will download content three times faster than the curren brand and will include a 3-megapixe l autofocus camera. It also has voice-control features and a built-in compass. The 3GS also has improvee battery life with up to nine hours on 10 hours while watching 30 hoursusing audio, 12 hours using 2G talk and five hoursd using 3G talk. The new iPhone will be availabl in black and white onJune 19. It will sell for $199 for a 16GB model and $299 for 32GB.
Seven Deaths is a fighting game that followx the lives of eighgt characters through one night in Nagamachk through a battle for control in the The game includes full stories of the characterw anddetailed backgrounds. The game will also eventuallt include updatesfor Wi-Fi multiplayer and sociakl media. Resolute Games has also creates otheriPhone applications, including “ThumStruck,” and “Elvis Mobile.” And Resolute gamerse will now have new, faster devices to play on.
At its Worldwids Developers Conference inSan Francisco, announced the next generation of which will download content three times faster than the curren brand and will include a 3-megapixe l autofocus camera. It also has voice-control features and a built-in compass. The 3GS also has improvee battery life with up to nine hours on 10 hours while watching 30 hoursusing audio, 12 hours using 2G talk and five hoursd using 3G talk. The new iPhone will be availabl in black and white onJune 19. It will sell for $199 for a 16GB model and $299 for 32GB.
lunes, 12 de marzo de 2012
A new dawn: Concentrating Solar Power rises in the Southwest - New Mexico Business Weekly:
paramonaxogilozi.blogspot.com
Utility-scale concentrating solar power plants that provide electricity for tens of thousandsz of homes are beginning to dot deserrt landscapesin California, Nevada and Arizona, and they soon will appeaer in New Mexico. An array of project that together can generatenearlgy 3,000 megawatts of solar electric capacity -- possiblh enough to energize about two million homes -- is now under and more is on the way, says John O'Donnell, executive vice presideny of solar-power developer in Palo Alto, Calif. "There's a boom O'Donnell says. "We're in the earlhy stages of it now. Quite a few projects will come on line betweenn 2011and 2012, and many more will begij operating by 2020.
The writingh is on the Use of solar photovoltaics is also butwhile utility-scale PV arrays are most photovoltaic systems are only designed for individuakl residences and buildings. In contrast, solar concentratin power, or CSP, is inherently designed for utility-scale generation. And the technologt is already mature and readyfor market, O'Donnell says. "Ayt this point, I think everg utility in the Southwest is at least exploring what perceng of their future electric capacitgy could come from concentratingsolar power," he Unlike PV, which directlyt converts sunlight to electricity, CSP uses thermal energy from the sun to heat watefr and other fluids to create steam for turbine generators.
Massive arrayas of mirrors reflect and concentrate sunlight onto tubes that contaim fluids andother elements, such as moltemn salt, that can hold heat and continue generatingv steam even when the sun goes down. The technologgy has been around fora while. In nine CSP plants have been operating in Southern Californiz since theearly 1990s, generating up to 354 megawattxs of electricity. But major technological advancesa have improved CSP efficiencty andlowered costs, now makint it a far more attractive alternative. And, with naturalp gas prices risingand carbon-emitting fuelds such as coal losingt steam, the sun is a risinv star.
"Most investors expect carbon dioxide emissions from power plantx to be heavily regulated and taxed within afew years, and that will drivde up the cost of coal and natural gas plant significantly," O'Donnell says. "Developers and utilities are looking much closer at renewablew sourcesof energy, not just solart power, but wind and geothermal as well." Geothermal however, is not widely abundant in the And, while wind energy is expandin g rapidly, it's an intermittent source of powerr that only flows when the wind O'Donnell says. "Wind tends to delivere power when it's least needed -- at nigh t and in the early morning," O'Donnell says.
"Solar delivers at peak hoursx in the afternoonwhen it's most and with thermal storage, it continues deliverint into the evening." Establishment of renewables portfolio standards in most wester n and southwestern states is also driving solar powetr forward. O'Donnell projects a 30,000-megawatt markeg by 2020 for solar power in the westerj statesof California, Arizona, New Nevada, and Colorado. Estimates on the number of homes a megawatft of concentrating solar power can supplu range from 300 to 700 depending on the type oftechnologty used, climatic conditions, and average energy consumption.
At the low end, 30,00o0 megawatts could energize 9 million homexsby 2020, and possibly up to 21 A host of energy companies are now planninb concentrating solar plants throughout the region. Some use standard "solart trough" technology, which relies on curved parabolic mirrors lined up in The mirrors concentrate heatonto fluid-filled tubesd attached to each parabola. Other emerging technologiews include "central receiver" systems that use thousands of small reflectorzs aimed at a centrapl tower thatcollects heat, a system that uses a huge parabolic mirror to beam heat directlh into an engine, and a "lineart fresnal" system that uses flat mirrorzs laid on the ground to concentrate heat onto a fluid-filled pipe that runs abovs the reflectors.
Four companiee have already signed contracts with utilities to develop these which together will generatenearly 3,000 megawattas of electricity: Spanish company, Abengowa S.A., will build a 280-megawatt solar-troughy system near Phoenix to begin sellingg power to in 2011. Ausra signed a deal with to buildxa 177-megawatt linear fresnal plant for power deliveruy in 2010. Ausra also is building a factory nearLas Vegas, Nev., to manufacture enoughy concentrating solar components to generate 700 megawattsz of power annually.
Solelk Solar Systems of Israel signed a contract with PacififGas & Electric to build a 553-megawatty solar-trough system in the Mojave Desert in Southern California by 2011. California-basec has contracts with and to buildtwo dish/engin plants to provide up to 1,750 Moreover, California-based and Florida-based have both files applications with the California Energy Commissiobn to construct, own and operate, respectively, a 400-megawatt central-towetr plant and a 250-megawatt solar-trough facility in Southern
Utility-scale concentrating solar power plants that provide electricity for tens of thousandsz of homes are beginning to dot deserrt landscapesin California, Nevada and Arizona, and they soon will appeaer in New Mexico. An array of project that together can generatenearlgy 3,000 megawatts of solar electric capacity -- possiblh enough to energize about two million homes -- is now under and more is on the way, says John O'Donnell, executive vice presideny of solar-power developer in Palo Alto, Calif. "There's a boom O'Donnell says. "We're in the earlhy stages of it now. Quite a few projects will come on line betweenn 2011and 2012, and many more will begij operating by 2020.
The writingh is on the Use of solar photovoltaics is also butwhile utility-scale PV arrays are most photovoltaic systems are only designed for individuakl residences and buildings. In contrast, solar concentratin power, or CSP, is inherently designed for utility-scale generation. And the technologt is already mature and readyfor market, O'Donnell says. "Ayt this point, I think everg utility in the Southwest is at least exploring what perceng of their future electric capacitgy could come from concentratingsolar power," he Unlike PV, which directlyt converts sunlight to electricity, CSP uses thermal energy from the sun to heat watefr and other fluids to create steam for turbine generators.
Massive arrayas of mirrors reflect and concentrate sunlight onto tubes that contaim fluids andother elements, such as moltemn salt, that can hold heat and continue generatingv steam even when the sun goes down. The technologgy has been around fora while. In nine CSP plants have been operating in Southern Californiz since theearly 1990s, generating up to 354 megawattxs of electricity. But major technological advancesa have improved CSP efficiencty andlowered costs, now makint it a far more attractive alternative. And, with naturalp gas prices risingand carbon-emitting fuelds such as coal losingt steam, the sun is a risinv star.
"Most investors expect carbon dioxide emissions from power plantx to be heavily regulated and taxed within afew years, and that will drivde up the cost of coal and natural gas plant significantly," O'Donnell says. "Developers and utilities are looking much closer at renewablew sourcesof energy, not just solart power, but wind and geothermal as well." Geothermal however, is not widely abundant in the And, while wind energy is expandin g rapidly, it's an intermittent source of powerr that only flows when the wind O'Donnell says. "Wind tends to delivere power when it's least needed -- at nigh t and in the early morning," O'Donnell says.
"Solar delivers at peak hoursx in the afternoonwhen it's most and with thermal storage, it continues deliverint into the evening." Establishment of renewables portfolio standards in most wester n and southwestern states is also driving solar powetr forward. O'Donnell projects a 30,000-megawatt markeg by 2020 for solar power in the westerj statesof California, Arizona, New Nevada, and Colorado. Estimates on the number of homes a megawatft of concentrating solar power can supplu range from 300 to 700 depending on the type oftechnologty used, climatic conditions, and average energy consumption.
At the low end, 30,00o0 megawatts could energize 9 million homexsby 2020, and possibly up to 21 A host of energy companies are now planninb concentrating solar plants throughout the region. Some use standard "solart trough" technology, which relies on curved parabolic mirrors lined up in The mirrors concentrate heatonto fluid-filled tubesd attached to each parabola. Other emerging technologiews include "central receiver" systems that use thousands of small reflectorzs aimed at a centrapl tower thatcollects heat, a system that uses a huge parabolic mirror to beam heat directlh into an engine, and a "lineart fresnal" system that uses flat mirrorzs laid on the ground to concentrate heat onto a fluid-filled pipe that runs abovs the reflectors.
Four companiee have already signed contracts with utilities to develop these which together will generatenearly 3,000 megawattas of electricity: Spanish company, Abengowa S.A., will build a 280-megawatt solar-troughy system near Phoenix to begin sellingg power to in 2011. Ausra signed a deal with to buildxa 177-megawatt linear fresnal plant for power deliveruy in 2010. Ausra also is building a factory nearLas Vegas, Nev., to manufacture enoughy concentrating solar components to generate 700 megawattsz of power annually.
Solelk Solar Systems of Israel signed a contract with PacififGas & Electric to build a 553-megawatty solar-trough system in the Mojave Desert in Southern California by 2011. California-basec has contracts with and to buildtwo dish/engin plants to provide up to 1,750 Moreover, California-based and Florida-based have both files applications with the California Energy Commissiobn to construct, own and operate, respectively, a 400-megawatt central-towetr plant and a 250-megawatt solar-trough facility in Southern
sábado, 10 de marzo de 2012
UGA licenses innovative new Bermudagrass - Atlanta Business Chronicle:
ibitasony.wordpress.com
The new Bermudagrass is calledc “TifGrand.” It is licensed by the to and will soon be availablse to homeowners for planting to developers forrecreational facilities, sports complexes and golf coursese and to urban landscapers. New Concept Turf, a Georgia-basef company specializing in marketingnew turfgrasses, has contracted Ft. Ga.-based to exclusively handle licensing of TifGrand forsod production. TifGrand will be licensex to a selected number of growers beginningt this summer 2009 and is expectee to be available in the general markegin 2010.
TifGrand was developed by Wayne Hanna, professor of plant breedinf and genetics in the Department of Crop and Soil Sciencess at UGA’s College of Agricultural and Environmental “Although TifGrand produces a beautiful turf in full sun, its major contributionm will be the production of nice turf in areas with reduced light -- up to 60 percenty less light than is normally required for healthy Bermudagrasa growth,” Hanna said in a news release.
The new Bermudagrass is calledc “TifGrand.” It is licensed by the to and will soon be availablse to homeowners for planting to developers forrecreational facilities, sports complexes and golf coursese and to urban landscapers. New Concept Turf, a Georgia-basef company specializing in marketingnew turfgrasses, has contracted Ft. Ga.-based to exclusively handle licensing of TifGrand forsod production. TifGrand will be licensex to a selected number of growers beginningt this summer 2009 and is expectee to be available in the general markegin 2010.
TifGrand was developed by Wayne Hanna, professor of plant breedinf and genetics in the Department of Crop and Soil Sciencess at UGA’s College of Agricultural and Environmental “Although TifGrand produces a beautiful turf in full sun, its major contributionm will be the production of nice turf in areas with reduced light -- up to 60 percenty less light than is normally required for healthy Bermudagrasa growth,” Hanna said in a news release.
jueves, 8 de marzo de 2012
Miley's Friends Disapprove of BF Liam! - PerezHilton.com
http://elcolegiodesinaloa.com/scholarships-grants-and-your-family.html
PerezHilton.com | Miley's Friends Disapprove of BF Liam! PerezHilton.com UH OH!!! Sounds like someone has love goggles on! It seems Miley Cyrus' friends don't approve of the 19 year-old singer's Aussie BF, Liam Hemsworth. A source says: "Her pals all think he's just a dumb surfer and a pothead. |
martes, 6 de marzo de 2012
Blue Cross Ga. hit with class action suit - Houston Business Journal:
retention-jackjacks.blogspot.com
The suit alleges Blue Cross Georgia has discouragee visitsto out-of-network providers by reimbursinf procedures at a tiny fraction of “usual and customary” Blue Cross Georgia spokeswoman Cheryl Monkhousew dismissed the allegations as being without merift and said the insurer plans to “defened the suit vigorously.” Blue Cross Georgiwa “is committed to providing appropriate reimbursementf for out-of-network services, while at the same time protectiny its members and group customerw against excessive charges by some non-participating Monkhouse said. The suit is similafr to one filed earlierf this year by a dialysis provideer againstBlue Cross.
That suit was dismissed. The new filed against and Blue Cross and Blue Shield of alleges Blue Cross members paid higher premiums in exchang for the flexibility to receive coverage for care from providerw who are not part ofthe plan’s preferredd network. Blue Cross Georgia has targetedthesed out-of-network providers, including ambulatory surgery centers, “fo r a drastic and unprecedented slasjh in reimbursement to a mere fraction of usual and customaryg charges,” the suit claims. These actions violate federal and stats laws protecting patients and as well as Blue CrossBlue Shield’s the suit claims.
Blue Cross has cut its reimbursementto out-of-networki surgery centers by about 80 said Leigh Martin May, attorney with the plaintiff’s firm, . Blue Crosx “has slashed reimbursement ratesto non-membef surgery centers making it impossiblr for their insureds to receive the benefits they are payint for,” May said. “[The insurer] is charginb for a service it haseffectively eliminated. BCBS should honor the contracts they have made withthei insureds.
” Plaintiffs are seeking monetary damages -- which, May could run into the “eight figures” -- for Blue Crosxs Georgia’s alleged failure to pay the contracterd reimbursement rate and they are askinb the court to force Blue Cross Georgias to honor its agreements. Earlier this Nashville, Tenn.-based National Renal Alliance filed a lawsuitg against Blue Cross claiming the insurer slashed reimbursement ratesfor out-of-networm dialysis services by 88 percent. National Renapl Alliance was acquired by RenalAdvantage Inc.
last In March, a federal courg judge in Atlanta dismissedthe suit, sayingy Blue Cross’ decision to amend its reimbursement rateds for dialysis performed at out-of-network facilitiess like the Alliance’s did not violatew the act’s provisions that prohibit insurerxs from discriminating against individuals with end-stage rena l disease.
The suit alleges Blue Cross Georgia has discouragee visitsto out-of-network providers by reimbursinf procedures at a tiny fraction of “usual and customary” Blue Cross Georgia spokeswoman Cheryl Monkhousew dismissed the allegations as being without merift and said the insurer plans to “defened the suit vigorously.” Blue Cross Georgiwa “is committed to providing appropriate reimbursementf for out-of-network services, while at the same time protectiny its members and group customerw against excessive charges by some non-participating Monkhouse said. The suit is similafr to one filed earlierf this year by a dialysis provideer againstBlue Cross.
That suit was dismissed. The new filed against and Blue Cross and Blue Shield of alleges Blue Cross members paid higher premiums in exchang for the flexibility to receive coverage for care from providerw who are not part ofthe plan’s preferredd network. Blue Cross Georgia has targetedthesed out-of-network providers, including ambulatory surgery centers, “fo r a drastic and unprecedented slasjh in reimbursement to a mere fraction of usual and customaryg charges,” the suit claims. These actions violate federal and stats laws protecting patients and as well as Blue CrossBlue Shield’s the suit claims.
Blue Cross has cut its reimbursementto out-of-networki surgery centers by about 80 said Leigh Martin May, attorney with the plaintiff’s firm, . Blue Crosx “has slashed reimbursement ratesto non-membef surgery centers making it impossiblr for their insureds to receive the benefits they are payint for,” May said. “[The insurer] is charginb for a service it haseffectively eliminated. BCBS should honor the contracts they have made withthei insureds.
” Plaintiffs are seeking monetary damages -- which, May could run into the “eight figures” -- for Blue Crosxs Georgia’s alleged failure to pay the contracterd reimbursement rate and they are askinb the court to force Blue Cross Georgias to honor its agreements. Earlier this Nashville, Tenn.-based National Renal Alliance filed a lawsuitg against Blue Cross claiming the insurer slashed reimbursement ratesfor out-of-networm dialysis services by 88 percent. National Renapl Alliance was acquired by RenalAdvantage Inc.
last In March, a federal courg judge in Atlanta dismissedthe suit, sayingy Blue Cross’ decision to amend its reimbursement rateds for dialysis performed at out-of-network facilitiess like the Alliance’s did not violatew the act’s provisions that prohibit insurerxs from discriminating against individuals with end-stage rena l disease.
domingo, 4 de marzo de 2012
American Ballet Theatre's 'Firebird' looks to Misty Copeland - Los Angeles Times
houghtalingbaemo1268.blogspot.com
Los Angeles Times | American Ballet Theatre's 'Firebird' looks to Misty Copeland Los Angeles Times The ballerina will appear in Alexei Ratmansky's reimagining of the work, coming to Segerstrom Center for the Arts. Misty Copeland, left, and Copeland in Tchaikovsky Pas de Deux. (Jade Young, left, and Rosalie O'Connor.) By Diane H aithman, Special to ... |
viernes, 2 de marzo de 2012
N.J. legislature passes $29B budget - Philadelphia Business Journal:
sucujovide.wordpress.com
The budget failed to get a Republican vote in either passing 45-34 in the Assembly, where Democrate hold a 48-32 majority, and 22-1 7 in the Senate, where Democrats hold a 23-178 majority. Gov. Jon S. Corzined and Democrats praised the budget for cuttinbg state spendingby $4 billion and providingf property tax relief, made possibled by an unexpected $400 million from a tax amnestt program. The budget includes $404 million in property tax rebates for households earning upto $75,0090 per year. “The FY 2010 budgetf is a good budget for bad economic Senate Majority LeaderSteve D-Gloucester, Cumberland and Salem, said.
“It may have been a toughg pillto swallow, but this budget is the medicine New Jersey needs to survive the national economicc onslaught, and grow our economyh on the other side of the Republicans criticized the budget, which they said woul strip property tax reliefd from 1.4 million households that received it last year and ushef in seven new tax taxes. “Nea Jersey residents are suffocating under the weighy of state and local said Sen. Christopher “Kip” Bateman, R-Somerset.
“Tonight, the legislature approvexd a budget thatadds $1 billion to the already oppressive tax burde n borne by middle class New The budget extends the 4 percent surcharger businesses pay on corporate taxesd for another year and increases the tax ratezs on liquor and wine, cigarettes, and group accident and health insurance premiums. The income tax rate woulr also rise for those earning more than Underthe budget, the tax on a pack of cigarettezs would increase by 12.5 cents to $2.70. The tax on a 0.75 literd bottle of wine would increaseby 3.5 cents, and on a 0.75 literf bottle of liquor it woulc increase by 21.
8 The tax rate would rise from 1 percent to 3 percent for one year on group accident and health insurance premiums and surplus line carriers would face a permanentr increase of 3 percent to 5 percent. The incomd tax rate for those earninb $400,000 to $500,000 would increase from 6.37 percent to 8 For those earning $500,000 to $1 million it woulde increase from 8.97 percentf to 10.25 percent, and for those earningg over $1 million it would increase from 8.97 percenyt to 10.75 percent. The budgetf also suspends the property tax reduction for the 2009 taxable year for households earning morethan $150,000 and authorizesw taxation of state lottery winnings exceedinyg $10,000.
New Jersey has a consitutional deadlinre of midnight June 30 to enacta
The budget failed to get a Republican vote in either passing 45-34 in the Assembly, where Democrate hold a 48-32 majority, and 22-1 7 in the Senate, where Democrats hold a 23-178 majority. Gov. Jon S. Corzined and Democrats praised the budget for cuttinbg state spendingby $4 billion and providingf property tax relief, made possibled by an unexpected $400 million from a tax amnestt program. The budget includes $404 million in property tax rebates for households earning upto $75,0090 per year. “The FY 2010 budgetf is a good budget for bad economic Senate Majority LeaderSteve D-Gloucester, Cumberland and Salem, said.
“It may have been a toughg pillto swallow, but this budget is the medicine New Jersey needs to survive the national economicc onslaught, and grow our economyh on the other side of the Republicans criticized the budget, which they said woul strip property tax reliefd from 1.4 million households that received it last year and ushef in seven new tax taxes. “Nea Jersey residents are suffocating under the weighy of state and local said Sen. Christopher “Kip” Bateman, R-Somerset.
“Tonight, the legislature approvexd a budget thatadds $1 billion to the already oppressive tax burde n borne by middle class New The budget extends the 4 percent surcharger businesses pay on corporate taxesd for another year and increases the tax ratezs on liquor and wine, cigarettes, and group accident and health insurance premiums. The income tax rate woulr also rise for those earning more than Underthe budget, the tax on a pack of cigarettezs would increase by 12.5 cents to $2.70. The tax on a 0.75 literd bottle of wine would increaseby 3.5 cents, and on a 0.75 literf bottle of liquor it woulc increase by 21.
8 The tax rate would rise from 1 percent to 3 percent for one year on group accident and health insurance premiums and surplus line carriers would face a permanentr increase of 3 percent to 5 percent. The incomd tax rate for those earninb $400,000 to $500,000 would increase from 6.37 percent to 8 For those earning $500,000 to $1 million it woulde increase from 8.97 percentf to 10.25 percent, and for those earningg over $1 million it would increase from 8.97 percenyt to 10.75 percent. The budgetf also suspends the property tax reduction for the 2009 taxable year for households earning morethan $150,000 and authorizesw taxation of state lottery winnings exceedinyg $10,000.
New Jersey has a consitutional deadlinre of midnight June 30 to enacta
Suscribirse a:
Entradas (Atom)