inupujyfab1211.blogspot.com
Jim Albaugh, president and chief executive Boeing's St. Louis-basef , told workers in an internal messagr this week that the unit willeliminatew 1,000 jobs due to budgegt cuts. The affected workers woulr start getting their notices laterthis week, said Dan a Boeing spokesman. He said he couldn’ty yet release the number of workers losing their jobs in the defense unitin St. Seattle and California. Most of the job cuts are relatedfto , a $160 billiohn Army modernization program, and to cuts to the ground-based missilre defense program, Beck said.
Jim McNerney, CEO of Chicago-based Boeing, this year through layoffs and including 4,500 from the commercial airplanes Beck said he couldn’t say whetherr the 1,000 job cuts are in addition to the 10,000p because the company is in a quiert period before it releases its earningsd July 22. Boeing IDS has operationx throughoutSouthern California.
Friday, December 30, 2011
Wednesday, December 28, 2011
Alliant reports higher earnings - The Business Journal of Milwaukee:
youngmanmeledero1636.blogspot.com
million or 96 cents per share, a 38 perceng increase comparedwith $81.8 million, or 71 cents per the year before. Third-quarter operating revenues forthe Madison-based energy company increasedx 26 percent to $874.2 million from $693.6 million, the firm said Alliant reported higher earningsw from continuing operations, including its regulated on higher electric margins resulting from warmer weather. The increaseds margins represent higher rates and customer growtnin Alliant's service territory. Those factors were partially offsef by the effect of higherr than anticipated purchased power andfuel costs. For the nine monthd ended Sept. 30, Alliant reported net incomwe of $56.
2 million, or 48 cents per share, includintg a $61.4 million loss from discontinuer operations. That compares with net income of $102.8u million, or 91 cents per share, including a $58 million loss from discontinuefd operations, the year before. Alliant Energy (NYSE: LNT) is the parentg of regulated utilities Wisconsin Power Light Co., Madison, and Interstate Power & Light Co., Cedar Rapids, and of Alliant Energy Resources Inc., the parenrt of Alliant's non-regulated operations. Alliant serves more than 3 million customers.
million or 96 cents per share, a 38 perceng increase comparedwith $81.8 million, or 71 cents per the year before. Third-quarter operating revenues forthe Madison-based energy company increasedx 26 percent to $874.2 million from $693.6 million, the firm said Alliant reported higher earningsw from continuing operations, including its regulated on higher electric margins resulting from warmer weather. The increaseds margins represent higher rates and customer growtnin Alliant's service territory. Those factors were partially offsef by the effect of higherr than anticipated purchased power andfuel costs. For the nine monthd ended Sept. 30, Alliant reported net incomwe of $56.
2 million, or 48 cents per share, includintg a $61.4 million loss from discontinuer operations. That compares with net income of $102.8u million, or 91 cents per share, including a $58 million loss from discontinuefd operations, the year before. Alliant Energy (NYSE: LNT) is the parentg of regulated utilities Wisconsin Power Light Co., Madison, and Interstate Power & Light Co., Cedar Rapids, and of Alliant Energy Resources Inc., the parenrt of Alliant's non-regulated operations. Alliant serves more than 3 million customers.
Sunday, December 25, 2011
FDIC
edovogopu.wordpress.com
On May 22, the FDIC boardf of directors adopted a final rule related to the special assessmentsd it plans to chargethe nation’s banks. After considerin a one-time assessment of 20 cents per $100 of the FDIC backed off and settlexd on a charge of 5 cents foreach $100 of totalk assets as of June 30, minus bank equity knowjn as Tier 1 capital. It will collect the payment on Sept. 30. Petert deSilva, president of Kansas City-based , said the FDIC was able to reducwe the special assessment mainly because the federap government approveda $100 billion credit line with the .
“Thre bottom line here is we have to replacee theFDIC fund, which sits at aboug $14 billion today, securingg an industry with $7 trilliohn in deposits,” deSilva said. “By the FDIC’s own admission, therw are about 250 banks withabout $150 billionn in assets on the problem bank list. So there aren’t a lot of insurance fundsd securingthe deposits. However, with a $100 billion credit line at the they shouldbe OK.
” The FDIC warned banks that another special assessment is likely in the fourth quarter, once agaihn 5 basis points on assets minus Tier 1 By considering Tier 1 the assessment formula rewards strongetr banks, something deSilva sees as a win for his “We’ve been asking for more tiering in the assessmen t process to recognize the greater risk involved with some of theses banks who have taken a lot of risk,” he “While there is test here makinvg weaker banks pay more, we’d like to see that increase even further, so there is some recognitioj for the banks that did thingas right.
” The FDIC said in a letter to financiao institutions that bank examiners will not downgrade an institution’s ratingz strictly because of the negativse effect of the special assessment. Banks still will be expecte to comply with minimu m regulatorycapital requirements, but regulators will factor in the nonrecurrinhg nature of the special assessments when makinv their overall analysis of capital adequacy at
On May 22, the FDIC boardf of directors adopted a final rule related to the special assessmentsd it plans to chargethe nation’s banks. After considerin a one-time assessment of 20 cents per $100 of the FDIC backed off and settlexd on a charge of 5 cents foreach $100 of totalk assets as of June 30, minus bank equity knowjn as Tier 1 capital. It will collect the payment on Sept. 30. Petert deSilva, president of Kansas City-based , said the FDIC was able to reducwe the special assessment mainly because the federap government approveda $100 billion credit line with the .
“Thre bottom line here is we have to replacee theFDIC fund, which sits at aboug $14 billion today, securingg an industry with $7 trilliohn in deposits,” deSilva said. “By the FDIC’s own admission, therw are about 250 banks withabout $150 billionn in assets on the problem bank list. So there aren’t a lot of insurance fundsd securingthe deposits. However, with a $100 billion credit line at the they shouldbe OK.
” The FDIC warned banks that another special assessment is likely in the fourth quarter, once agaihn 5 basis points on assets minus Tier 1 By considering Tier 1 the assessment formula rewards strongetr banks, something deSilva sees as a win for his “We’ve been asking for more tiering in the assessmen t process to recognize the greater risk involved with some of theses banks who have taken a lot of risk,” he “While there is test here makinvg weaker banks pay more, we’d like to see that increase even further, so there is some recognitioj for the banks that did thingas right.
” The FDIC said in a letter to financiao institutions that bank examiners will not downgrade an institution’s ratingz strictly because of the negativse effect of the special assessment. Banks still will be expecte to comply with minimu m regulatorycapital requirements, but regulators will factor in the nonrecurrinhg nature of the special assessments when makinv their overall analysis of capital adequacy at
Friday, December 23, 2011
Report: Austin will be 5th fastest growing U.S. metro in coming years - Business First of Buffalo:
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million by the year 2025, according to an analysie of government databy bizjournals. The projected growth rate of Austinb and its suburbs ranks 5th among250 U.S. metropolitan arease studied inthe report. Bizjournals forecasts that the Austin-Rounfd Rock area will grow nearly 87 percenr from its 2005 estimated population ofnearlyt 1.5 million to a 2025 projected population of 2.7 an increase of nearly 1.3 milliob residents. Austin will see the most growtbh of anyTexas city, according to the bizjournalsa analysis. The McAllen-Edinburg area will be the second-fastest growingb metro in Texas, ranking 22nd on the list with an estimated 56 percen growthin population.
Dallas/Fort Worth ranks 26th with a projected 50 percent population increaseto 8.8 millioj people; Houston ranks 27th with a projected 48 percent population increase to 7.9 million people; San Antonipo ranks 40th with a projecter 41 percent population increase to 2.7 million for the full bizjournals growth report on U.S. metro-area And for a chart showingy the breakdownacross metros.
million by the year 2025, according to an analysie of government databy bizjournals. The projected growth rate of Austinb and its suburbs ranks 5th among250 U.S. metropolitan arease studied inthe report. Bizjournals forecasts that the Austin-Rounfd Rock area will grow nearly 87 percenr from its 2005 estimated population ofnearlyt 1.5 million to a 2025 projected population of 2.7 an increase of nearly 1.3 milliob residents. Austin will see the most growtbh of anyTexas city, according to the bizjournalsa analysis. The McAllen-Edinburg area will be the second-fastest growingb metro in Texas, ranking 22nd on the list with an estimated 56 percen growthin population.
Dallas/Fort Worth ranks 26th with a projected 50 percent population increaseto 8.8 millioj people; Houston ranks 27th with a projected 48 percent population increase to 7.9 million people; San Antonipo ranks 40th with a projecter 41 percent population increase to 2.7 million for the full bizjournals growth report on U.S. metro-area And for a chart showingy the breakdownacross metros.
Wednesday, December 21, 2011
Federal rule change could nix Sheriff Arpaio
hihozeima.blogspot.com
Arpaio said he plans to continud to conduct his immigration enforcement efforts undertstate laws, despite changes to federal rulese related to local police arrestin g illegal immigrants. “To me, it lookse like some form of amnesty,” Arpaio told the Phoenixc Business Journalon Friday. U.S. Homeland Securityh Secretary Janet Napolitano announced the changes tofederal Napolitano, also the former governor of said Friday that DHS and the U.S. Immigrationn and Customs Enforcement agency woul needto re-sign agreements with local police agencies, such as the Maricopw County Sheriff’s Office.
Those agreementas train local police on immigration laws and allow them to sometimee arrest and detainillegal immigrants. “Only those agencieds with newly signed agreements will be permitted to continue enforcingfimmigration law,” said a DHS statement on That could allow the White Housd to derail Arpaio’s immigration enforcement actions, whicu have been made througg a federal partnership that trains deputies to enforcr immigration laws and pick up illegal The sheriff also conducts workplace and drop-house raids unde r state laws. The sheriff was not sure whetheer the federal government would maintain its agreementy withthe MCSO.
If it does not, he said the feds will have to take over the processinfg and detention of some of the illegal immigrantx picked up in thePhoenix area. Napolitan o also said Friday that federal rules regarding locak police picking up illegalk immigrants would be changed to focuss on arresting those charged with violent andseriouds crimes. “To address concerns that individuals may be arreste for minor offenses as a guise to initiatedremoval proceedings, the new agreement explainsz that participating local law enforcement agencies are required to pursues all criminal charges that originally caused the offende r to be taken into custody,” the DHS statement The sheriff’s crime sweeps and immigration raide are under investigation by the Obamaq administration for possibly unfairly targeting Hispanics.
He also faceas lawsuits from the American Civil Liberties Union and Hispanic activists over his immigrationenforcement policies. Napolitano also said Friday the feds had signec new immigration enforcement and cooperationj agreements with police departments in Mesa and Former Mesa Police ChiefrGeorge Gascon, who opposed Arpaio’a efforts earlier this year to conduct crime sweeps in that recently became police chief in San
Arpaio said he plans to continud to conduct his immigration enforcement efforts undertstate laws, despite changes to federal rulese related to local police arrestin g illegal immigrants. “To me, it lookse like some form of amnesty,” Arpaio told the Phoenixc Business Journalon Friday. U.S. Homeland Securityh Secretary Janet Napolitano announced the changes tofederal Napolitano, also the former governor of said Friday that DHS and the U.S. Immigrationn and Customs Enforcement agency woul needto re-sign agreements with local police agencies, such as the Maricopw County Sheriff’s Office.
Those agreementas train local police on immigration laws and allow them to sometimee arrest and detainillegal immigrants. “Only those agencieds with newly signed agreements will be permitted to continue enforcingfimmigration law,” said a DHS statement on That could allow the White Housd to derail Arpaio’s immigration enforcement actions, whicu have been made througg a federal partnership that trains deputies to enforcr immigration laws and pick up illegal The sheriff also conducts workplace and drop-house raids unde r state laws. The sheriff was not sure whetheer the federal government would maintain its agreementy withthe MCSO.
If it does not, he said the feds will have to take over the processinfg and detention of some of the illegal immigrantx picked up in thePhoenix area. Napolitan o also said Friday that federal rules regarding locak police picking up illegalk immigrants would be changed to focuss on arresting those charged with violent andseriouds crimes. “To address concerns that individuals may be arreste for minor offenses as a guise to initiatedremoval proceedings, the new agreement explainsz that participating local law enforcement agencies are required to pursues all criminal charges that originally caused the offende r to be taken into custody,” the DHS statement The sheriff’s crime sweeps and immigration raide are under investigation by the Obamaq administration for possibly unfairly targeting Hispanics.
He also faceas lawsuits from the American Civil Liberties Union and Hispanic activists over his immigrationenforcement policies. Napolitano also said Friday the feds had signec new immigration enforcement and cooperationj agreements with police departments in Mesa and Former Mesa Police ChiefrGeorge Gascon, who opposed Arpaio’a efforts earlier this year to conduct crime sweeps in that recently became police chief in San
Monday, December 19, 2011
Bizjournals debuts online business directory - New Mexico Business Weekly:
cicugaha.wordpress.com
The directory is based on proprietaru researchfrom bizjournals. It can be sorted by 14 industrg categories andby location, business name or keyword. Bizjournals is the online divisionof , the New Mexic o Business Weekly’s parent company. The directory can be accessed from all the home pageeof ACBJ’s publications. Users can rate businesses that are includedr inthe directory, submit theirf own companies for inclusion or submit changes to existing listings.
“Withj the new Local Business we’re giving businesses a new way to connectyand succeed,” said Tim Bradbury, presidenyt of ACBJ New Media, which oversees “It ratchets up the valuw of our local business journal which millions of people alreadg regard as critical to their competitiveness.” Bizjournalzs operates the Web sites for each of American City Businese Journals’ 40 print business newspapers and operates a Web-onlty site with local business news and information for Los Bizjournals’ open-access archives contain 1.25 million businessa news articles and features publishe since 1996.
Bizjournals’ sites have more than 8 millionb uniquemonthly visitors.
The directory is based on proprietaru researchfrom bizjournals. It can be sorted by 14 industrg categories andby location, business name or keyword. Bizjournals is the online divisionof , the New Mexic o Business Weekly’s parent company. The directory can be accessed from all the home pageeof ACBJ’s publications. Users can rate businesses that are includedr inthe directory, submit theirf own companies for inclusion or submit changes to existing listings.
“Withj the new Local Business we’re giving businesses a new way to connectyand succeed,” said Tim Bradbury, presidenyt of ACBJ New Media, which oversees “It ratchets up the valuw of our local business journal which millions of people alreadg regard as critical to their competitiveness.” Bizjournalzs operates the Web sites for each of American City Businese Journals’ 40 print business newspapers and operates a Web-onlty site with local business news and information for Los Bizjournals’ open-access archives contain 1.25 million businessa news articles and features publishe since 1996.
Bizjournals’ sites have more than 8 millionb uniquemonthly visitors.
Saturday, December 17, 2011
Electric Power Research Institute hired to create
jabire2389.blogspot.com
The has awarded a $1.3 million contracg to the research nonprofif ina three-phase effort to creater a more futuristic smar t grid that can accomplish such things as accommodating renewable storing extra energy for later use, measurinbg a customer’s peak electricity consumption and notifyinhg a utility of outages, all in real time. Dozens of technology companiesare creating, and utilitieds are now beginning to new devices, meters and products to connec t to the grid. NIST and EPRI, basede in Palo Alto, Calif.
, are tasked with writinvg standards for making those products from different companies interoperable withone another, while helping shielcd the grid against hacker attacks and natural disasters. “You’re going to have more device s hooked up tothe grid,” said NIST spokesman Mark “You have to make sure with thesee additional connecting points that they’re secure.” NIST said it plan s to use some of the $220 million it was awarded undefr the federal stimulus packagew toward the effort, while also tapping $10 million from the Department of Energy’ s stimulus allotment. In all, the stimulus bill sets asides $4.
5 billion for the development of asmarty grid. By early fall, NIST expects to releaser initial standards, ones that have already largely earnedindustr consensus, Bello said. The agency will hold a summi in mid-May to hear input from equipment suppliers, consumers, standards developers and other stakeholders. After drafting additional, more complicated standards that then fill the gaps left by theinitial slate, NIST said it will submit the entire standardas proposal to the Federal Energy Regulation Commissionh for its review and devis a product testing and certification program, both by the end of the Smart grid pilot projects, are already underway.
Local such as Arlington-based and Germantown-basefd , are participating in a citywide smart grid pilo tin Boulder, Colo. Pepco is also workinv with a California technology contractor and requested regulatory approval to initiate smarr grid pilotsin Bethesda-Chevy Chase and Fort Washington, while testin smart meters in 1,40 0 D.C. homes. The local utility has said it plans to roll out a smart grid in Maryland and the Districtyby 2013. Other local companiex such as EkaSystems Inc. of Germantown and Kore Telematiczs Inc. of Reston are working on smart grid-relatedr technology.
Bello said NIST’s standards-writing procese will not interfere with the commercialpilort projects, and instead will take into accounyt some of the industry’s already most accepte methods. “Some of this is a formalizatiobnof what’s already in he said. These pilot tests are “a good provin g ground for some ofthese standards.”
The has awarded a $1.3 million contracg to the research nonprofif ina three-phase effort to creater a more futuristic smar t grid that can accomplish such things as accommodating renewable storing extra energy for later use, measurinbg a customer’s peak electricity consumption and notifyinhg a utility of outages, all in real time. Dozens of technology companiesare creating, and utilitieds are now beginning to new devices, meters and products to connec t to the grid. NIST and EPRI, basede in Palo Alto, Calif.
, are tasked with writinvg standards for making those products from different companies interoperable withone another, while helping shielcd the grid against hacker attacks and natural disasters. “You’re going to have more device s hooked up tothe grid,” said NIST spokesman Mark “You have to make sure with thesee additional connecting points that they’re secure.” NIST said it plan s to use some of the $220 million it was awarded undefr the federal stimulus packagew toward the effort, while also tapping $10 million from the Department of Energy’ s stimulus allotment. In all, the stimulus bill sets asides $4.
5 billion for the development of asmarty grid. By early fall, NIST expects to releaser initial standards, ones that have already largely earnedindustr consensus, Bello said. The agency will hold a summi in mid-May to hear input from equipment suppliers, consumers, standards developers and other stakeholders. After drafting additional, more complicated standards that then fill the gaps left by theinitial slate, NIST said it will submit the entire standardas proposal to the Federal Energy Regulation Commissionh for its review and devis a product testing and certification program, both by the end of the Smart grid pilot projects, are already underway.
Local such as Arlington-based and Germantown-basefd , are participating in a citywide smart grid pilo tin Boulder, Colo. Pepco is also workinv with a California technology contractor and requested regulatory approval to initiate smarr grid pilotsin Bethesda-Chevy Chase and Fort Washington, while testin smart meters in 1,40 0 D.C. homes. The local utility has said it plans to roll out a smart grid in Maryland and the Districtyby 2013. Other local companiex such as EkaSystems Inc. of Germantown and Kore Telematiczs Inc. of Reston are working on smart grid-relatedr technology.
Bello said NIST’s standards-writing procese will not interfere with the commercialpilort projects, and instead will take into accounyt some of the industry’s already most accepte methods. “Some of this is a formalizatiobnof what’s already in he said. These pilot tests are “a good provin g ground for some ofthese standards.”
Wednesday, December 14, 2011
Egypt's Rural Voters Get Their Turn in Elections - The Ledger
moffaiqohegesa1490.blogspot.com
Sydney Morning Herald | Egypt's Rural Voters Get Their Turn in Elections The Ledger Emboldened by the unexpectedly smooth and gener » |
Monday, December 12, 2011
Private equity funds holding $400B in cash - The Business Journal of Milwaukee:
batyushkinuxit.blogspot.com
The said the uninvested total climbexdby $141 billion in 2008 amid a 60 percentr drop in investments to the economifc crisis in the second half of 2008. The buildup came amid a record twoyears fund-raising in 2007 and 2008. "This historicx high of capital yet to be deployed by privatre equity creates a new deal paradigm and a Dealmakers have to put down their pencil and dispense with historicalspreadsheet analysis," said David an AM&AA advisory board membed and managing director at Mosaic Capital.
"The fact that privates equity deal flow has dropped to a multiyeat low is not due to a lack of capita l availablefor investment, whicjh remains at an all-time high," said John Gabbert, foundeer of PitchBook. "Private equity firms continue to raisde additional capitalas well, with 18 new fundsw raising $25 billion in the last 60 days alone. As economic conditionse continue to stabilize and the credit markets startto reopen, the privatr equity industry is poised to get back to deal
The said the uninvested total climbexdby $141 billion in 2008 amid a 60 percentr drop in investments to the economifc crisis in the second half of 2008. The buildup came amid a record twoyears fund-raising in 2007 and 2008. "This historicx high of capital yet to be deployed by privatre equity creates a new deal paradigm and a Dealmakers have to put down their pencil and dispense with historicalspreadsheet analysis," said David an AM&AA advisory board membed and managing director at Mosaic Capital.
"The fact that privates equity deal flow has dropped to a multiyeat low is not due to a lack of capita l availablefor investment, whicjh remains at an all-time high," said John Gabbert, foundeer of PitchBook. "Private equity firms continue to raisde additional capitalas well, with 18 new fundsw raising $25 billion in the last 60 days alone. As economic conditionse continue to stabilize and the credit markets startto reopen, the privatr equity industry is poised to get back to deal
Saturday, December 10, 2011
Embarq, CenturyTel will become CenturyLink after merger - The Business Journal of the Greater Triad Area:
esivyjifag.wordpress.com
billion sale to closes, expected this The rural phone companies on Tuesdayu announced the planned name and logo for thecombined company. CenturyLink will retainm the CenturyTel (NYSE: CTL) trading “Our new brand name was selected because our customera and employees told us it reflected a compant thatis forward-looking and committedr to linking the country together,” CenturyTel CEO Glen Post III, who also will be chiefd executive of CenturyLink, said in the release. The compang will begin operating unde the new brand immediately upon closingthe deal.
In the followinfg months, markets will be converted to thenew brand, with customerws being notified in advance and the name being added to companyg signs, vehicles and marketing The logo is intended to represent the power of connecting people and businesses to one another and to new locally and nationally, the release said. Overland Park-based Embarqa (NYSE: EQ) and based in Monroe, La., are — from the before the deal can close. The headquarters will be in A Denver brandconsulting , helped develop the new brand name and logo, the released said. Together, the two companiews will have about 7.
5 million access lines, more than 2 millionn broadband customers and morethan 400,000 video subscribers. will . Embar q ranks No. 3 on the Kansaes City BusinessJournal ’s list of area public companies.
billion sale to closes, expected this The rural phone companies on Tuesdayu announced the planned name and logo for thecombined company. CenturyLink will retainm the CenturyTel (NYSE: CTL) trading “Our new brand name was selected because our customera and employees told us it reflected a compant thatis forward-looking and committedr to linking the country together,” CenturyTel CEO Glen Post III, who also will be chiefd executive of CenturyLink, said in the release. The compang will begin operating unde the new brand immediately upon closingthe deal.
In the followinfg months, markets will be converted to thenew brand, with customerws being notified in advance and the name being added to companyg signs, vehicles and marketing The logo is intended to represent the power of connecting people and businesses to one another and to new locally and nationally, the release said. Overland Park-based Embarqa (NYSE: EQ) and based in Monroe, La., are — from the before the deal can close. The headquarters will be in A Denver brandconsulting , helped develop the new brand name and logo, the released said. Together, the two companiews will have about 7.
5 million access lines, more than 2 millionn broadband customers and morethan 400,000 video subscribers. will . Embar q ranks No. 3 on the Kansaes City BusinessJournal ’s list of area public companies.
Thursday, December 8, 2011
Terminology bogs down hockey fighting debate - Regina Leader-Post
ramoledef.blogspot.com
Terminology bogs down hockey fighting debate Regina Leader-Post That being said, I think that the whole fighting in hockey debate gets bogged down by the terminology used on both sides of the argument. It seems that every pundit, player, coach, commentator, etc., is using terms such as "ban" or "eliminate" when ... |
Tuesday, December 6, 2011
Pending home sales jump 6.7 percent - Houston Business Journal:
adepylex.blogspot.com
Pending sales of existing or contracts signed butnot closed, rose 6.7 percengt in April, according to the . April's pending sales were up 3.2 percenr from a year ago, the NAR said. The biggest increasre in April was inthe Northeast, wherwe pending sales jumped 32.6 percent from the previous The NAR's pending home sales index is a forwardr looking gauge, and the groulp cautions that it is more volatilde than actual closed "The relationship between contracts on pending home sales and closings on existiny home sales is taking longer than in the past for severakl reasons," said NAR chier economist Lawrence Yun.
"Mortgage processing time has increased, it is takinhg many months to close on thosre homes requiring short sales withlendere approval, and some sales are falling throug h at the last moment." Still, Yun said he believez the housing market has alreaduy bottomed out in some areas. The group last week reported closed salesx of existing homesrose 2.9 percent in The NAR's housing affordability index was also at its second-highes t level on record in April.
Pending sales of existing or contracts signed butnot closed, rose 6.7 percengt in April, according to the . April's pending sales were up 3.2 percenr from a year ago, the NAR said. The biggest increasre in April was inthe Northeast, wherwe pending sales jumped 32.6 percent from the previous The NAR's pending home sales index is a forwardr looking gauge, and the groulp cautions that it is more volatilde than actual closed "The relationship between contracts on pending home sales and closings on existiny home sales is taking longer than in the past for severakl reasons," said NAR chier economist Lawrence Yun.
"Mortgage processing time has increased, it is takinhg many months to close on thosre homes requiring short sales withlendere approval, and some sales are falling throug h at the last moment." Still, Yun said he believez the housing market has alreaduy bottomed out in some areas. The group last week reported closed salesx of existing homesrose 2.9 percent in The NAR's housing affordability index was also at its second-highes t level on record in April.
Sunday, December 4, 2011
T. Boone Pickens scraps huge wind farm project - San Antonio Business Journal:
antoninahubihe.blogspot.com
Pickens, who made much of his fortune buying up oil and gas companiews inthe 1980s, put off the wind powee project because of the difficulty of getting credi t for it in the sour economy. He’d planned a 4,000-megawatt complex that might cost as muchas $10 and , his company, has already orderedc 667 wind turbines for it, though they won’t be delivered for several years. One problem facin the huge projectin Pampa, on U.S. Highwayy 60 northeast of Amarillo, was a lack of heavy transmissiohn lines needed to link any wind generators to thepowed grid. “The capital markets have dealt us all a Pickens said in a statemenrt through hisPR firm.
“I am committed to 667 wind turbines and I am going to find projectsfor them.” “Ij expect to continue development of the Pampa but not at the pace that I originally expected,” Pickens
Pickens, who made much of his fortune buying up oil and gas companiews inthe 1980s, put off the wind powee project because of the difficulty of getting credi t for it in the sour economy. He’d planned a 4,000-megawatt complex that might cost as muchas $10 and , his company, has already orderedc 667 wind turbines for it, though they won’t be delivered for several years. One problem facin the huge projectin Pampa, on U.S. Highwayy 60 northeast of Amarillo, was a lack of heavy transmissiohn lines needed to link any wind generators to thepowed grid. “The capital markets have dealt us all a Pickens said in a statemenrt through hisPR firm.
“I am committed to 667 wind turbines and I am going to find projectsfor them.” “Ij expect to continue development of the Pampa but not at the pace that I originally expected,” Pickens
Thursday, December 1, 2011
Obama to not offer formal condolence to Pak: White House - South Asian News Agency
ramsdenjerrieas54.blogspot.com
New York Times | Obama to not offer formal condolence to Pak: White House South Asian News Agency WASHINGTON, (SANA): An American newspaper has claimed that the White House rejecting the request of US Ambassador to Pakistan Cameron Munter has said that the President Barrack Hussain Obama will not offer a formal condolence to Pakistan over the ... Obama Refrains From a Formal 'I'm Sorry' to Pakistan Obama will not issue a formal apology to Pakistan: NYT Obama not to issue formal apology to Pakistan: NYT |
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