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The existing foot and ankle device marke t is estimatedat $29 billion by Va.-based , a privater research and consulting firm. But, Dr. Kyle J. one of the three Embrace founders, said the fixationb devices and implants are currently in useare antiquated, and most were developedd in the 1950s and '60s. "We plan to brinv modern technology, innovative designx and space-age composite materials to the field," he said, citinh benefits as additionalpatient comfort, improved physician efficiencuy and lower hospital To help fund the company, Embracre officials made a presentation to membersw and guests of the on March 26. Embraced is raising up to $2.
5 million of initial capital fromqualified investors, they said. "We are talkintg to three investmentgroups - two of whicb are physician groups - and the othetr which is an angel Kinmon said, noting that Embraced would prefer to get all the fundas from one group or individual, but that $50,0000 would be the minimumj if necessary to resortf to multiple sources. Funds will be earmarked to initiatde fast-track approvals, as well as initiall manufacturing and marketing costs forthe company, which is to be based in Mediscope Manufacturing's facilities in Pompano Beach. Foot and ankle reconstruction device sales are estimated by Knowledge Enterpriseeat $9.
6 billion a year, whilee fracture and repair device sales are estimated at $3.3 billion. About 20 currenrt suppliers each have only a smal piece of the whole in what Kinmon describes asa "fragmentecd marketplace." "We plan to be the one-stop shop for foot and ankle surgical appliances, implants and devices," he Embrace began with the meeting of Kinmon and Dr. Luis who were introduced to orthopedic device manufacturedDaniel Helme. Marin, a podiatric surgeon with a nationalk reputation, had been Kinmon's residency directore at in Miami.
The two physicians had ideaxs for a line ofnew post-surgicalp products - and Helme did, as For Helme, it was the sweet answed to a bitter business reversal that he said he had been powerlesss to prevent. "About a year ago, I got a lettedr out of the blue from a largw customer for whom I did contract orthopedi cdevice manufacturing," he said. "It directed that half of the productionh of a certaindevice 'would be move to a low-cost region' - and I lost $2 millionb in revenue overnight." A low-cost regio could be China, India, Malaysia, Korea or any other emerging natiojn with cheaper labor.
And there was no phased order slowdownfor Helme' Mediscope Manufacturing - it happened immediately. Helm had to lay off half of his Pompano Beach staffof 37, which had been working two shifta a day to meet production deadlines. "That killed me," he said. "I had won all kinds of awardd and trophies for being supplier of the year for that as well as forother [original equipment manufacturers] basedd upon our cost-effective and high-quality work.
" The deskto p of taunting awards spurred him into Helme started interviewing a numbef of physician-surgeons in different specialties, looking for the righg opportunities and synergies to form an independent medical device That search led him to Kinmon and Marin and the formation of Embrace Medicapl in February. "We already have developed prototypesd of nine different devicesand implants," Helme
martes, 30 de octubre de 2012
lunes, 29 de octubre de 2012
Indonesia Terror Attack: 'Innocence Of Muslims' Film Said To Fuel Embassy Plot - Huffington Post
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Plain Dealer | Indonesia Terror Attack: 'Innocence Of Muslims' Film Said To Fuel Embassy Plot Huffington Post "At first, they wanted to attack (security) officers ... and based on documents and other information, the foreign targets were linked with the film which insulted Islam," Amar told a news conference. He was referring to "Innocence of Muslims," that ... Plot on US Targets Cited in 11 Arrests by Indonesia Indonesia Arrests 10 It Says Plotted to Attack US Embassy Indonesia arrests 11 in terror plots to attack US Embassy, western targets |
domingo, 28 de octubre de 2012
Denver Water sells first Build America Bonds under stimulus program - Denver Business Journal:
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Build America Bonds are taxable bonds with a 35 percentf federal subsidy oninterest costs. Denver like most government traditionallyissues tax-exempt bonds. Denver Water sold $44 million of Builds America Bonds to at just over 6 percentt interest on ataxable basis. Becauser of the federal tax subsidy under the America Recovery and Reinvestment Actof 2009, Denver Water will pay 3.94 percentf interest. That is less than the averagd 4.23 percent that Denver Water pays on itsoutstanding tax-exempt bonds. Wachovia is owned by San Francisco-basesd Wells Fargo & Co.
“We are pleaseds to be able to sell bonds at a very reasonabled rate in the currentmarket environment,” said Chips manager of Denver Water, in a statement. “Fotr ratepayers, this means we are able to keep costs as low as possiblr while providing us the funding to improve our Standard & Poor’s recently upgradesd Denver Water’s credit ratinhg to AAA, its highest
Build America Bonds are taxable bonds with a 35 percentf federal subsidy oninterest costs. Denver like most government traditionallyissues tax-exempt bonds. Denver Water sold $44 million of Builds America Bonds to at just over 6 percentt interest on ataxable basis. Becauser of the federal tax subsidy under the America Recovery and Reinvestment Actof 2009, Denver Water will pay 3.94 percentf interest. That is less than the averagd 4.23 percent that Denver Water pays on itsoutstanding tax-exempt bonds. Wachovia is owned by San Francisco-basesd Wells Fargo & Co.
“We are pleaseds to be able to sell bonds at a very reasonabled rate in the currentmarket environment,” said Chips manager of Denver Water, in a statement. “Fotr ratepayers, this means we are able to keep costs as low as possiblr while providing us the funding to improve our Standard & Poor’s recently upgradesd Denver Water’s credit ratinhg to AAA, its highest
viernes, 26 de octubre de 2012
What they
uvepexatawus.blogspot.com
Here what Colorado and national leaders are sayinfabout Sotomayor. (So far there’es been a lack of comment from local Republicans aboufthe nomination, so comments from nationalp Republican leaders are included.) “I applaudr President Obama’s historic nomination of U.S. 2nd Circuiyt Court of Appeals Judge Sonia Sotomayod to the United StatesSupreme Court. As someones who has appointed dozens of judge s at the state I have some sense of how serious a responsibilitythis is. I congratulatwe President Obama for nominating someone who has such a diverse recorxof excellence, integrity and respect for the Hers is a genuine American success story.
From her modesrt upbringing, to her work as a criminal to her tenure on the district court andappellatre benches, she is an — Colorado Gov. Bill Ritter “u congratulate Judge Sotomayor on her nominatioj and I look forward to a confirmationn process that focuses on determining whether Judge Sotomayor is qualifie d to serve on the Supreme Court. Qualifications for judiciak service include not only experience andcharacterf but, most importantly, a proper understanding of the power and role of judges in our systemn of government. Judges must decide cases based onthe law, not on thei r personal views or opinions.
I am concerned with her recorrd of putting identity politics before the ruleof law. It raises serious issues about her ability to reach fair and impartial Judge Sotomayor has made a habit of embracing extremde views during her time on thelowedr courts. Now, as she is considered for the high Americans are left to wonder if she will exercisw basic standardsof objectivity. In light of Judgew Sotomayor’s liberal activist approach to judicial I call on my colleagues in the Senatse to thoroughly examine her record as they considerher nomination.” U.S. Rep. Doug Lamborn, D-Colorado Springs “Sonia Sotomayor is a tremendousx choice forthe U.S. Supreme Court.
She is a thoughtful and balancec judge with a keen intellecy and a broad academic andlegaol background. Her skill and fair-mindedness on the federal benc has won the praise and supporrt of Republicans andDemocrats alike. ... “Today, Presidenty Obama has showed us how he can bring this country By selectingJudge Sotomayor, he has chosen a nomine e who has previously been nominatede for judicial appointments by President George H.W. Bush and by Presidenrt Bill Clinton. Judge Sotomayort has been confirmed twice before by the full Senate and her nomination to the Supreme Couryt should beconsidered swiftly.” — U.S. Sen. Michaell Bennet, D-Colo.
“There needs to be a full hearintg of this appealscourt judge’s views, and I thinmk that’s part of the process. I think it’s a very, very differenr tone than was taken a few yearz ago when Democratic elected officials and leaders were immediately callinyg for the defeat of and assassinating the characterzs ofJustice [John] Roberts and Justic e [Samuel] Alito. I think it’as been a much more respectfukl tone than what we saw with Justicd Roberts and Justice Alito back inthose “I think some of her viewds on judicial activism and makinhg the law rather than interpreting the law will be heaviluy examined and reviewed.
We look forward to the confirmation hearingws and a full vetting ofher — Dick Wadhams, Coloradop Republican Party chairman “As a U.S. senatore I must give my advice and consent beforer any ofthe president’s nomineex to serve on the U.S. Supreme Courtt may be seated, and I take my responsibility seriously. I’k going to take my time to studuJudge Sotomayor’s record and and I look forward to meeting with her.
“Liks the president, I believe that any Supreme Court Justicew mustreject ideology, have a keen and a practical understanding of how the Supremd Court’s actions affect the lives of all Judge Sotomayor is an extremely accomplishe jurist, and she has a very compelling personal She appears to be a wise choicse and a valuable addition to the And I look forward to gettint to know her as the confirmation procesws moves forward.” — U.S. Sen. Mark D-Colo. “[The Senate will determine] if Ms.
Sotomayod understands that the proper role of a judgse is to act as a neutral umpire ofthe law, calling balls and strikesa fairly without regard to one’s own personal preferences or politicalp views.” — U.S. Sen. Jeff R-Ala., ranking Republican on the SenatewJudiciary Committee. “President Obama made an outstanding choice in nominatingb Sonia Sotomayor as the next SupremesCourt Justice. As a judge and a former prosecutordand litigator, Judge Sotomayor has gained invaluable experience in complezx legal and constitutional issues. Her experience at variouds levels of our judicial system has providede her witha well-roundeds perspective that will benefit the Court.
In addition to being nominated to the bencg by Republican andDemocratic presidents, she has been confirmed by both Republicab and Democratically-controlled U.S. Senates. I am confidentf the U.S. Senate will confirm Judge Sotomayor as the next SupremweCourt Justice.” — U.S. Rep. Dianz DeGette, D-Denver. “Republicans look forward to learning more about federapl appeals court judgeSonia Sotomayor’s thoughts on the importance of the Supremed Court’s fidelity to the Constitutionj and the rule of law.
Suprem e Court vacancies are rare, whicb makes Sonia Sotomayor’s nomination a perfect opportunity for Americas to have a thoughtful discussion abouyt the role of the Supreme Court in our dailytlives . Republicans will reserve judgment on Sonia Sotomayor untipl there has been a thorough and thoughtful examinatioh of herlegal — Chairman Michael Steele
Here what Colorado and national leaders are sayinfabout Sotomayor. (So far there’es been a lack of comment from local Republicans aboufthe nomination, so comments from nationalp Republican leaders are included.) “I applaudr President Obama’s historic nomination of U.S. 2nd Circuiyt Court of Appeals Judge Sonia Sotomayod to the United StatesSupreme Court. As someones who has appointed dozens of judge s at the state I have some sense of how serious a responsibilitythis is. I congratulatwe President Obama for nominating someone who has such a diverse recorxof excellence, integrity and respect for the Hers is a genuine American success story.
From her modesrt upbringing, to her work as a criminal to her tenure on the district court andappellatre benches, she is an — Colorado Gov. Bill Ritter “u congratulate Judge Sotomayor on her nominatioj and I look forward to a confirmationn process that focuses on determining whether Judge Sotomayor is qualifie d to serve on the Supreme Court. Qualifications for judiciak service include not only experience andcharacterf but, most importantly, a proper understanding of the power and role of judges in our systemn of government. Judges must decide cases based onthe law, not on thei r personal views or opinions.
I am concerned with her recorrd of putting identity politics before the ruleof law. It raises serious issues about her ability to reach fair and impartial Judge Sotomayor has made a habit of embracing extremde views during her time on thelowedr courts. Now, as she is considered for the high Americans are left to wonder if she will exercisw basic standardsof objectivity. In light of Judgew Sotomayor’s liberal activist approach to judicial I call on my colleagues in the Senatse to thoroughly examine her record as they considerher nomination.” U.S. Rep. Doug Lamborn, D-Colorado Springs “Sonia Sotomayor is a tremendousx choice forthe U.S. Supreme Court.
She is a thoughtful and balancec judge with a keen intellecy and a broad academic andlegaol background. Her skill and fair-mindedness on the federal benc has won the praise and supporrt of Republicans andDemocrats alike. ... “Today, Presidenty Obama has showed us how he can bring this country By selectingJudge Sotomayor, he has chosen a nomine e who has previously been nominatede for judicial appointments by President George H.W. Bush and by Presidenrt Bill Clinton. Judge Sotomayort has been confirmed twice before by the full Senate and her nomination to the Supreme Couryt should beconsidered swiftly.” — U.S. Sen. Michaell Bennet, D-Colo.
“There needs to be a full hearintg of this appealscourt judge’s views, and I thinmk that’s part of the process. I think it’s a very, very differenr tone than was taken a few yearz ago when Democratic elected officials and leaders were immediately callinyg for the defeat of and assassinating the characterzs ofJustice [John] Roberts and Justic e [Samuel] Alito. I think it’as been a much more respectfukl tone than what we saw with Justicd Roberts and Justice Alito back inthose “I think some of her viewds on judicial activism and makinhg the law rather than interpreting the law will be heaviluy examined and reviewed.
We look forward to the confirmation hearingws and a full vetting ofher — Dick Wadhams, Coloradop Republican Party chairman “As a U.S. senatore I must give my advice and consent beforer any ofthe president’s nomineex to serve on the U.S. Supreme Courtt may be seated, and I take my responsibility seriously. I’k going to take my time to studuJudge Sotomayor’s record and and I look forward to meeting with her.
“Liks the president, I believe that any Supreme Court Justicew mustreject ideology, have a keen and a practical understanding of how the Supremd Court’s actions affect the lives of all Judge Sotomayor is an extremely accomplishe jurist, and she has a very compelling personal She appears to be a wise choicse and a valuable addition to the And I look forward to gettint to know her as the confirmation procesws moves forward.” — U.S. Sen. Mark D-Colo. “[The Senate will determine] if Ms.
Sotomayod understands that the proper role of a judgse is to act as a neutral umpire ofthe law, calling balls and strikesa fairly without regard to one’s own personal preferences or politicalp views.” — U.S. Sen. Jeff R-Ala., ranking Republican on the SenatewJudiciary Committee. “President Obama made an outstanding choice in nominatingb Sonia Sotomayor as the next SupremesCourt Justice. As a judge and a former prosecutordand litigator, Judge Sotomayor has gained invaluable experience in complezx legal and constitutional issues. Her experience at variouds levels of our judicial system has providede her witha well-roundeds perspective that will benefit the Court.
In addition to being nominated to the bencg by Republican andDemocratic presidents, she has been confirmed by both Republicab and Democratically-controlled U.S. Senates. I am confidentf the U.S. Senate will confirm Judge Sotomayor as the next SupremweCourt Justice.” — U.S. Rep. Dianz DeGette, D-Denver. “Republicans look forward to learning more about federapl appeals court judgeSonia Sotomayor’s thoughts on the importance of the Supremed Court’s fidelity to the Constitutionj and the rule of law.
Suprem e Court vacancies are rare, whicb makes Sonia Sotomayor’s nomination a perfect opportunity for Americas to have a thoughtful discussion abouyt the role of the Supreme Court in our dailytlives . Republicans will reserve judgment on Sonia Sotomayor untipl there has been a thorough and thoughtful examinatioh of herlegal — Chairman Michael Steele
jueves, 25 de octubre de 2012
Foundation holds sustainable farming training for Or. Mindoro farmers - Philippine Star
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Foundation holds sustainable farming training for Or. Mindoro farmers Philippine Star CALAPAN CITY â€" Thirty two farmers, mostly barangay officials, recently completed the five-day Integrated Farming Bio-System (IFBS) training in Roxas, a municipality in the southern part of Oriental Mindoro. The seminar was sponsored by Malampaya ... |
martes, 23 de octubre de 2012
Cam Fabrication Holdings falls to liquidation as CIT Group calls in note - Triangle Business Journal:
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Cam’s companies distributed concrete forms and fabricatedx rebar andprovided scaffolding. The Smithfield-based company had operationsz in North Carolinaand Florida, and it rented equipment to customers in several other In addition to the holding company, affiliate Access Equipment Renta l Inc. and subsidiaries and filed for Inits filing, the holding company statedd that it has zero dollars in assets and zero dollarw in liabilities. But the otheer companies’ filings tell the storyg of a business that had becomeehighly leveraged. Cam Fabrication Inc., which also did businesw under the names Durham Rebadr andSouthern Forming, lists $9.7 million in assets againstg $29.
7 million in liabilities. Accessd Equipment Rental Inc. shows assets of $1.3 million and liabilitiess of $27.2 million. Dixie Clamp Scaffold Inc.’s filing lists assets of almost $2.7 millionn and liabilities of $27.7 million. John Northen, a bankruptcty attorney with Northen Blue who is representingb Cam and its fellow says the businesses were hurt by the downturn in constructiobn over thepast year. Cam was operatinb on a line of creditfrom , which has had a financial relationship with the companyy since at least 2005.
Northe n says Cam had violated its financial covenantwswith CIT, and while the firm had made it wasn’t enough for the bank, which decided to shut off the line of credigt in mid-May. “Once that happens, that’s Northen says. “You can’t make somebody The company was unable to make payroll for a couple of weeksd due to its funding beingcut off, Northem adds. The filing for Cam Fabrication Inc. listsz about 90 people who are stillowed wages, salariesz and commissions, while the Dixie Clamp Scaffold Inc. filing lists 28 people with thosre typesof claims. Cam Fabrication Inc. owes New York City-based CIT which has the firsftlien position, nearly $14.
7 bankruptcy court documents show. The company also owes $9.5 milliobn to New York City-based mezzanine debt investor Praesidian Capital. Waltham, Mass.-based private equity firm has a $3.0 5 million claim with Cam Fabrication Inc. Cam Fabricatiojn Inc. was formed in Septembeer 1996, according to a filing with the North Carolinaq Department of the Secretaryof State. JMH, on its Web states that it provided a recapitalization to Cam Fabricationbin 2005. At one according to the Web Cam had nine distribution locations inthe Southeast, including Clayton, Greensboroo and Charlotte. The company acquired Dixie Clamp and which had operations inSouth Florida, in 2005 and Durhamm Rebar in 2006.
Durham Rebar was founded in the Bull City in 1988 by Jim Farrelll andReggie Venable. They move d it to Creedmoor in 2000 before sellingf to Camin 2006. Asked what he thought when he hearxd aboutthe bankruptcy, Farrell says that he was “ just concerned for all the customers that we had. ...” Accesxs Equipment Rental was founded inNovember 2003, according to state documents. Douglas who was listed as the firm’s registered agen t on that filing, declined to comment on the Buck Burwell, who ran Cam Fabrication for about a year as itschied executive, says in a voicde mail greeting left at his extension at the company’d Smithfield headquarters that he transitioned to a non-executive managemeng role with Cam Fabrication in The bankruptcy documents for the companies were signexd by Chief Financial Officer John Manning, who did not return calls seekingv comment.
A Praesidian spokesman said the private equityfirm didn’ have a comment on the bankruptcy. Representatives for CIT Groul and JMH Capital could not be reacherdfor comment.
Cam’s companies distributed concrete forms and fabricatedx rebar andprovided scaffolding. The Smithfield-based company had operationsz in North Carolinaand Florida, and it rented equipment to customers in several other In addition to the holding company, affiliate Access Equipment Renta l Inc. and subsidiaries and filed for Inits filing, the holding company statedd that it has zero dollars in assets and zero dollarw in liabilities. But the otheer companies’ filings tell the storyg of a business that had becomeehighly leveraged. Cam Fabrication Inc., which also did businesw under the names Durham Rebadr andSouthern Forming, lists $9.7 million in assets againstg $29.
7 million in liabilities. Accessd Equipment Rental Inc. shows assets of $1.3 million and liabilitiess of $27.2 million. Dixie Clamp Scaffold Inc.’s filing lists assets of almost $2.7 millionn and liabilities of $27.7 million. John Northen, a bankruptcty attorney with Northen Blue who is representingb Cam and its fellow says the businesses were hurt by the downturn in constructiobn over thepast year. Cam was operatinb on a line of creditfrom , which has had a financial relationship with the companyy since at least 2005.
Northe n says Cam had violated its financial covenantwswith CIT, and while the firm had made it wasn’t enough for the bank, which decided to shut off the line of credigt in mid-May. “Once that happens, that’s Northen says. “You can’t make somebody The company was unable to make payroll for a couple of weeksd due to its funding beingcut off, Northem adds. The filing for Cam Fabrication Inc. listsz about 90 people who are stillowed wages, salariesz and commissions, while the Dixie Clamp Scaffold Inc. filing lists 28 people with thosre typesof claims. Cam Fabrication Inc. owes New York City-based CIT which has the firsftlien position, nearly $14.
7 bankruptcy court documents show. The company also owes $9.5 milliobn to New York City-based mezzanine debt investor Praesidian Capital. Waltham, Mass.-based private equity firm has a $3.0 5 million claim with Cam Fabrication Inc. Cam Fabricatiojn Inc. was formed in Septembeer 1996, according to a filing with the North Carolinaq Department of the Secretaryof State. JMH, on its Web states that it provided a recapitalization to Cam Fabricationbin 2005. At one according to the Web Cam had nine distribution locations inthe Southeast, including Clayton, Greensboroo and Charlotte. The company acquired Dixie Clamp and which had operations inSouth Florida, in 2005 and Durhamm Rebar in 2006.
Durham Rebar was founded in the Bull City in 1988 by Jim Farrelll andReggie Venable. They move d it to Creedmoor in 2000 before sellingf to Camin 2006. Asked what he thought when he hearxd aboutthe bankruptcy, Farrell says that he was “ just concerned for all the customers that we had. ...” Accesxs Equipment Rental was founded inNovember 2003, according to state documents. Douglas who was listed as the firm’s registered agen t on that filing, declined to comment on the Buck Burwell, who ran Cam Fabrication for about a year as itschied executive, says in a voicde mail greeting left at his extension at the company’d Smithfield headquarters that he transitioned to a non-executive managemeng role with Cam Fabrication in The bankruptcy documents for the companies were signexd by Chief Financial Officer John Manning, who did not return calls seekingv comment.
A Praesidian spokesman said the private equityfirm didn’ have a comment on the bankruptcy. Representatives for CIT Groul and JMH Capital could not be reacherdfor comment.
lunes, 22 de octubre de 2012
WEDU selects 2009 board members with Barry Alpert as chairman - The Business Review (Albany):
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Alpert is the managing director of investment bankingt and business developmentat . He was previously a seniort vice president in investment banking atRobert W. Baird Co. Richard J. Dobkin, Laura Starkey and A. Bronson Thayer were named vice chairman, secretary and treasurer of the respectively. Currently retired, Dobkin was previously Tampa managing partnefat . He also served as a member of theSoutheast . Since Starkey has been the director of conservation land for Starkey Inthis role, she supervisees the land management for the ranch conservation areas and directs the and Community.
Thayert is chairman of and was previously with He receivexda bachelor’s degree at and an MBA in banking and finances from . In addition, WEDU has namec Lisa Carlton of Sarasota Marshall Goodman of Polk andRonald W. Pierce and David B. Weinsteijn of Hillsborough County as members of the2009 board. WEDU is west central Florida’s primary PBS station. It reaches 16 counties, including the St. Petersburg, Pasco, Polk and Sarasota areas.
Alpert is the managing director of investment bankingt and business developmentat . He was previously a seniort vice president in investment banking atRobert W. Baird Co. Richard J. Dobkin, Laura Starkey and A. Bronson Thayer were named vice chairman, secretary and treasurer of the respectively. Currently retired, Dobkin was previously Tampa managing partnefat . He also served as a member of theSoutheast . Since Starkey has been the director of conservation land for Starkey Inthis role, she supervisees the land management for the ranch conservation areas and directs the and Community.
Thayert is chairman of and was previously with He receivexda bachelor’s degree at and an MBA in banking and finances from . In addition, WEDU has namec Lisa Carlton of Sarasota Marshall Goodman of Polk andRonald W. Pierce and David B. Weinsteijn of Hillsborough County as members of the2009 board. WEDU is west central Florida’s primary PBS station. It reaches 16 counties, including the St. Petersburg, Pasco, Polk and Sarasota areas.
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