xagawu.wordpress.com
The committee, led by local developer Mark reaffirmed its support for the controversial plan in a letter that arrivedd Wednesday atCity Hall. The unanimous recommendatio n waswidely expected. The recommendatiomn follows a review of theproposed hotel’s expecte financial performance by a subcommittee convened aftet local hoteliers questioned basix assumptions about the plan. After a two-hour and 45-minutwe meeting, a subcommittee concluded by a vote of three to one that assumptione behindthe $200 million-plus project are reasonable.
The mayor’es committee is recommending that Metro and the invest upto $12 millionj in designing and engineering for the hotel, which would be called at the Convention Center. LLP is the architect for the project. Roy Kauffman, the mayor’s said Adams will share the recommendation with the City Councilk as well as Multnomah Countg officials andthe , which has the finapl say in the In all, 17 elected officials will weigh in on the plan beforre it proceeds to the next Although Metro is the lead agency, the city has a majofr role to play because it will lend its bonding authoritt for the hotel’s construction and will be responsibled for issuing construction permits.
The mayor has been a strong supporter of the headquarters Metro is working with a development team led by Garfieldf Traub Ashforth LLC to create the which supporters say is needed to completee theconvention center. Withou t it, the region loses big conventionsd to cities offering bettefr lodging facilities at theirmeeting centers. According to Travel the region lost the opportunity to book 69 conventionxin 2008. Had they come to Portland, the city woul have booked morethan 243,000 overnight staye by convention-goers. Not having a hotel at the convention centet costs the regional economynearly $41 million in business sales per year, according to Travel Portland.
The adde d business would result in morethan $3 millioh in annual state and locap taxes and 820 permanent Opponents say the financial projectionz driving the project are unrealistic and the hotel woulc amount to government-sponsored competition in an already weak The hotel would be constructed on a two-blocm site adjacent the convention center. The Portlansd Development Commission paid morethan $11 million for the properthy in anticipation it would someday be developed as a headquarterws hotel.
Monday, April 30, 2012
Sunday, April 29, 2012
The New Horizons Band plays on - Lawrence Journal World
tenamup.wordpress.com
The New Horizons Band plays on Lawrence Journal World New Horizons Band member John Bechen, right, warms up before a full band performance at Pioneer Ridge Retirement Community this past winter. The band rehearses each week and then performs at area retirement communities once a month. |
Friday, April 27, 2012
Colle+McVoy, Olson among local Effie winners - Minneapolis / St. Paul Business Journal:
houghtalingbaemo1268.blogspot.com
Two agencies — Colle+McVoy Inc. and Olsonb — won two Effies each. Colle+McVoy won “Gold Effies” for advertisementw for Erbertand Gerbert’s Franchise Systems a Wisconsin-based sandwich chain, and for Rhymesayers Entertainmen t and the Minneapolis hip-hop group Atmosphere. Olson’s pair of awards were both It took a Gold Effidfor ’s “Why We campaign and a Bronzs Effie for the “Stater of Hockey” ads for the .
Also winninbg Effies were , whose HealthPartners “Aq New Way to Look at campaign employeda giant, talking urine-sample cup and won a Gold and , which won a Silver Effi e for the “Live By campaign with The four advertisers are some of the largestg agencies in Minnesota, with revenue ranging from $4.6 million from Preston Kelly to an estimated $60 millioh for Carmichael Lynch.
Two agencies — Colle+McVoy Inc. and Olsonb — won two Effies each. Colle+McVoy won “Gold Effies” for advertisementw for Erbertand Gerbert’s Franchise Systems a Wisconsin-based sandwich chain, and for Rhymesayers Entertainmen t and the Minneapolis hip-hop group Atmosphere. Olson’s pair of awards were both It took a Gold Effidfor ’s “Why We campaign and a Bronzs Effie for the “Stater of Hockey” ads for the .
Also winninbg Effies were , whose HealthPartners “Aq New Way to Look at campaign employeda giant, talking urine-sample cup and won a Gold and , which won a Silver Effi e for the “Live By campaign with The four advertisers are some of the largestg agencies in Minnesota, with revenue ranging from $4.6 million from Preston Kelly to an estimated $60 millioh for Carmichael Lynch.
Wednesday, April 25, 2012
Sprint sees big future in handling data for new products - Kansas City Business Journal:
ejyceh.wordpress.com
Users can choose from more than 230,000 including best sellers, to downloacd wirelessly onto theportable reader, whose electronic display mimiczs the look of paper. What they don’t see is that thosew downloads are powered by Althougnh theOverland Park-based wireless carrier often is taken to task for chronicd retail subscriber losses, backstage it has been winniny high-profile deals powering consumer devices — and winningg points for innovation. Sprint, trying to put excess networjk capacityto use, has experienced flops in past wholesale dealxs to let others sell its wireless phone service under their brands.
But arrangementw like Kindle focus ondata — and introduces a radical new business model. “Ther point here is that it’ a fundamentally different businessthat we’res embarking on now,” said Jim president of wholesale services for Sprint. “The opportunitiez around this business are just starting to be That business involves many devices that consumse different amounts of Itleverages Sprint’s data which is very, very strong.” Devices such as Kindle departt from the traditional wireless in which customers are billed for Instead, costs are priced into the bookse and other content that Kindle users buy.
As the traditional wirelesa market becomesincreasingly saturated, this type of wholesalwe deal offers a novel path to growth. A Sprin spokeswoman said such deals have similar or better margina and lower overheadthan retail. “They’ved been a leader,” said Charles a principal analystwith “The othe r carriers, their competitors, have always had wholesale but they’ve been primarily very traditional prepaifd providers.” Kindle debuted in November 2007, and unit s of the enhanced Kindle 2 beganb shipping Feb. 23. Although Kindle, pricex at $359, has snagged headlines, metrics of its successd are difficult to findbecause won’y share unit sales.
Citi Investment Researchu analyst Mark Mahaney estimated in a recent note that Amazoj sold half a million Kindleslast year. By revenue from Kindle units and eBookl sales couldpass $1.2 billion. “I thin k many of (Sprint’s) competitors, as well as partners on the devicew side, are looking at opportunitie slike that,” Golvin said. Kindlwe isn’t the last chapter in Sprint’s wholesale story. The company is chasingy wholesale deals powering consumer devices that go beyon d reading and learning tomonitoringt homes, energy and pets. “Stick a name next to and we’ve probably talked to all of Patterson said.
Discussions include leading Kansas City-area “We look to have a much strongerr relationship with Garmin andother (personal navigationb device-makers),” Patterson said. said in Marcjh that computers in 2009 trucks and commercial vehicles wouldfoffer high-speed Internet through the Sprint Mobile Broadband Networki with a retail contract. Ford called it the “firsy broadband-capable in-dash computer in production.” The system allowa customers in their vehicles toprint invoices, checik inventories and access documents stored on home or office computee networks. provides navigation services forthe system.
And througjh a wholesale partner, Springt also provides “geosensing” to track fleets. Separate wholesale deals, many of whichy Patterson saidhave “reallyy blossomed in the last 12 to 18 include powering fleet management systemss for trucks, in-vehicle camerass and remote heart monitors.
Users can choose from more than 230,000 including best sellers, to downloacd wirelessly onto theportable reader, whose electronic display mimiczs the look of paper. What they don’t see is that thosew downloads are powered by Althougnh theOverland Park-based wireless carrier often is taken to task for chronicd retail subscriber losses, backstage it has been winniny high-profile deals powering consumer devices — and winningg points for innovation. Sprint, trying to put excess networjk capacityto use, has experienced flops in past wholesale dealxs to let others sell its wireless phone service under their brands.
But arrangementw like Kindle focus ondata — and introduces a radical new business model. “Ther point here is that it’ a fundamentally different businessthat we’res embarking on now,” said Jim president of wholesale services for Sprint. “The opportunitiez around this business are just starting to be That business involves many devices that consumse different amounts of Itleverages Sprint’s data which is very, very strong.” Devices such as Kindle departt from the traditional wireless in which customers are billed for Instead, costs are priced into the bookse and other content that Kindle users buy.
As the traditional wirelesa market becomesincreasingly saturated, this type of wholesalwe deal offers a novel path to growth. A Sprin spokeswoman said such deals have similar or better margina and lower overheadthan retail. “They’ved been a leader,” said Charles a principal analystwith “The othe r carriers, their competitors, have always had wholesale but they’ve been primarily very traditional prepaifd providers.” Kindle debuted in November 2007, and unit s of the enhanced Kindle 2 beganb shipping Feb. 23. Although Kindle, pricex at $359, has snagged headlines, metrics of its successd are difficult to findbecause won’y share unit sales.
Citi Investment Researchu analyst Mark Mahaney estimated in a recent note that Amazoj sold half a million Kindleslast year. By revenue from Kindle units and eBookl sales couldpass $1.2 billion. “I thin k many of (Sprint’s) competitors, as well as partners on the devicew side, are looking at opportunitie slike that,” Golvin said. Kindlwe isn’t the last chapter in Sprint’s wholesale story. The company is chasingy wholesale deals powering consumer devices that go beyon d reading and learning tomonitoringt homes, energy and pets. “Stick a name next to and we’ve probably talked to all of Patterson said.
Discussions include leading Kansas City-area “We look to have a much strongerr relationship with Garmin andother (personal navigationb device-makers),” Patterson said. said in Marcjh that computers in 2009 trucks and commercial vehicles wouldfoffer high-speed Internet through the Sprint Mobile Broadband Networki with a retail contract. Ford called it the “firsy broadband-capable in-dash computer in production.” The system allowa customers in their vehicles toprint invoices, checik inventories and access documents stored on home or office computee networks. provides navigation services forthe system.
And througjh a wholesale partner, Springt also provides “geosensing” to track fleets. Separate wholesale deals, many of whichy Patterson saidhave “reallyy blossomed in the last 12 to 18 include powering fleet management systemss for trucks, in-vehicle camerass and remote heart monitors.
Monday, April 23, 2012
Denver tops on 'Today' show list of cities poised for real-estate rebound - Boston Business Journal:
humojo.wordpress.com
Real estate expert Barbara Corcoran, a reguladr guest on the show, said Denver more than any othed U.S. city is "clearly on a "It's really the perfect real estate success she said. "It had one of the highestf foreclosure rates in the nation for years andnow they've cut that foreclosure rate in half and they'vwe turned the corner." Denver, Corcoran has "a vibrant downtown, it has a high employmentt base, it has educated people, it has youth, it has one of the biggesf park systems in the country. "Everything about Denver is pointing up, up up," she added. "Pricea are moving up just now for the firsft time afterseven years." 2.
Raleigh, N.C. 3. Texas 4. Seattle 5. San Francisco Foreclosures earlier thanother cities. .
Real estate expert Barbara Corcoran, a reguladr guest on the show, said Denver more than any othed U.S. city is "clearly on a "It's really the perfect real estate success she said. "It had one of the highestf foreclosure rates in the nation for years andnow they've cut that foreclosure rate in half and they'vwe turned the corner." Denver, Corcoran has "a vibrant downtown, it has a high employmentt base, it has educated people, it has youth, it has one of the biggesf park systems in the country. "Everything about Denver is pointing up, up up," she added. "Pricea are moving up just now for the firsft time afterseven years." 2.
Raleigh, N.C. 3. Texas 4. Seattle 5. San Francisco Foreclosures earlier thanother cities. .
Sunday, April 22, 2012
BofA wording may cause more foreclosures - Atlanta Business Chronicle:
oryzacody.wordpress.com
Moore listed the home in Edmonds forabouft $30,000 less than she owed on the mortgage. She thoughft the “short sale” agreement signed with the bank meanrt the bank would absorb the Then she discovered thather lender, , might still come afterd her for the difference. That meansa she may have to let the bank take back her or file for bankruptcy becauseshe can’t afford to pay up. Expertse say the wording, which was recently and quietlyg added to Bankof America’s short-sal e agreement, could have major ramifications for a large group of distressed homeowners in Washington and across the As one of the country’s largest home lender s — and the largest bank by deposits in Washington —Banki of America could end up pushing thousands more homeowners into foreclosure or personal bankruptcy, said Richard Eastern, a short sale consultanft in Bellevue.
It’s unclear whether other lenders arefollowingy suit. But Bank of America couldd be harming itself withthis tactic, Easter says, because the foreclosures would have to be carrie on its books until sold. Bank of America also owns , one of the largest mortgage lenderes inthe country. “You’re trying to do the rightg thing by selling the said Eastern, of his clients. “But now you’re going to owe them the That’s huge.
” Bank of Americw said in a statement that it asks for a promissoryg note fromsellers — the term used to describ e the written promise to pay back the difference — to protect its “investors and shareholders from the lossees in a short sale.” “Manyy investors and mortgage insurance companies requirre this process,” according to the The bank declined further comment. Whilr Bank of America’s short-sale agreementf wording appears new, Kevin Kim, a short- sale consultant in Seattle, said othee lenders have similar wordinbg in their agreements that would require homeowners to pay the moneuy left on theirloan amount.
Bank of America’d short-sale agreement illustrates the financial complexities facing hundrede of Washington homeowners struggling to deal with underwatermortgageds (in which the owner owes more than the housee sells for). It also showzs the tug-of-war between banks and borrowers as bankx try to recoup as much money as they can from theirdfailed loans. As the foreclosure rate soars in and elsewhere, more homeowners are turningf toward short sales in a last-ditch attempt to offloafd their property before foreclosure hurts their credit score, say short-salde experts.
Of the singled family homes listed onthe , about 12 percentg — or 4,400 — are listes as short sales, according to Eastern, who analyzed homes on the The Northwest MLS doesn’t officiallgy track short sales. But that’s only an The real number is likelymuch higher, as not every short sale is identified as such, he The number also is growing. Althoughj no local agency tracksthose figures, short-sals consultants and real estate agents say the volum e in Washington has jumped dramatically in the last It’s not clear whether other banksw will follow suit with Bank of America on short-sales agreements, but if they do, that would be said Jason Bloom, president of the and vice president at Elliotf Bay Mortgage in Seattle.
who only recently learned about the issue, said at least two homeowners working with Elliott Bay Mortgagre could be affected it. While Bloom isn’f sure why Bank of America would changwits agreement, he said it’s likely the bank is attempting to avoi d unnecessary short sales. “They’re trying to recoupo any of theircosts and, at the very least, try and discouragew some people who mightg be able to make it throug h without doing a short said Bloom. Short sales couldd become a dead endfor homeowners, said who’s chief executive of .
And that woulds complicate the clearing of bad debts from the housing About a third of the 150 homeowners Easterjn is currently working with would be affected by Bankof America’s more stringeng short sale agreement.
Moore listed the home in Edmonds forabouft $30,000 less than she owed on the mortgage. She thoughft the “short sale” agreement signed with the bank meanrt the bank would absorb the Then she discovered thather lender, , might still come afterd her for the difference. That meansa she may have to let the bank take back her or file for bankruptcy becauseshe can’t afford to pay up. Expertse say the wording, which was recently and quietlyg added to Bankof America’s short-sal e agreement, could have major ramifications for a large group of distressed homeowners in Washington and across the As one of the country’s largest home lender s — and the largest bank by deposits in Washington —Banki of America could end up pushing thousands more homeowners into foreclosure or personal bankruptcy, said Richard Eastern, a short sale consultanft in Bellevue.
It’s unclear whether other lenders arefollowingy suit. But Bank of America couldd be harming itself withthis tactic, Easter says, because the foreclosures would have to be carrie on its books until sold. Bank of America also owns , one of the largest mortgage lenderes inthe country. “You’re trying to do the rightg thing by selling the said Eastern, of his clients. “But now you’re going to owe them the That’s huge.
” Bank of Americw said in a statement that it asks for a promissoryg note fromsellers — the term used to describ e the written promise to pay back the difference — to protect its “investors and shareholders from the lossees in a short sale.” “Manyy investors and mortgage insurance companies requirre this process,” according to the The bank declined further comment. Whilr Bank of America’s short-sale agreementf wording appears new, Kevin Kim, a short- sale consultant in Seattle, said othee lenders have similar wordinbg in their agreements that would require homeowners to pay the moneuy left on theirloan amount.
Bank of America’d short-sale agreement illustrates the financial complexities facing hundrede of Washington homeowners struggling to deal with underwatermortgageds (in which the owner owes more than the housee sells for). It also showzs the tug-of-war between banks and borrowers as bankx try to recoup as much money as they can from theirdfailed loans. As the foreclosure rate soars in and elsewhere, more homeowners are turningf toward short sales in a last-ditch attempt to offloafd their property before foreclosure hurts their credit score, say short-salde experts.
Of the singled family homes listed onthe , about 12 percentg — or 4,400 — are listes as short sales, according to Eastern, who analyzed homes on the The Northwest MLS doesn’t officiallgy track short sales. But that’s only an The real number is likelymuch higher, as not every short sale is identified as such, he The number also is growing. Althoughj no local agency tracksthose figures, short-sals consultants and real estate agents say the volum e in Washington has jumped dramatically in the last It’s not clear whether other banksw will follow suit with Bank of America on short-sales agreements, but if they do, that would be said Jason Bloom, president of the and vice president at Elliotf Bay Mortgage in Seattle.
who only recently learned about the issue, said at least two homeowners working with Elliott Bay Mortgagre could be affected it. While Bloom isn’f sure why Bank of America would changwits agreement, he said it’s likely the bank is attempting to avoi d unnecessary short sales. “They’re trying to recoupo any of theircosts and, at the very least, try and discouragew some people who mightg be able to make it throug h without doing a short said Bloom. Short sales couldd become a dead endfor homeowners, said who’s chief executive of .
And that woulds complicate the clearing of bad debts from the housing About a third of the 150 homeowners Easterjn is currently working with would be affected by Bankof America’s more stringeng short sale agreement.
Friday, April 20, 2012
Top of the week in Denver business news: June 13-19 - Denver Business Journal:
iwegasely.wordpress.com
SUNDAY, JUNE 14 Colorado will require retailerw to charge state sales tax on cigarettes startingJuly 1. MONDAY, JUNE 15 Whole Foodzs Market Inc. opened its newest Colorado store Monday at the Streets at SouthGlennn complexin Centennial. Milk and dairy supplier Dean Food -- parent of Boulder's WhiteWavde Foods Inc. and othere Colorado food brands -- said Monday it has enterex into an agreement to purchasr the soy beveragecompany Alpro, a Belgium-based segment of food company Vandemoortele NV. TUESDAY, JUNE 16 Denver’sw economic performance amid the recession ranka itat No. 39 of the 100 largest U.S.
citexs in new Brooking Institution study of theeconomic downturn’s impacty on urban America. The latest Chamberx USA guide to “America’s Leading Lawyers for lists 182Colorado WEDNESDAY, JUNE 17 A subsidiary of Level 3 Communicationz Inc. reached a 20-year contract with a “major multinationao customer” that will generate at least $140 million in revenue in the firstg four years ofthe contract. A Denvefr grand jury has returnedan 11-count indictment against local real estatew developer Jack D. Arbess. Denver investor Phil Anschutz has added The Weekly Standarc to his growing media according to oneof Anschutz’s publications.
JUNE 18
SUNDAY, JUNE 14 Colorado will require retailerw to charge state sales tax on cigarettes startingJuly 1. MONDAY, JUNE 15 Whole Foodzs Market Inc. opened its newest Colorado store Monday at the Streets at SouthGlennn complexin Centennial. Milk and dairy supplier Dean Food -- parent of Boulder's WhiteWavde Foods Inc. and othere Colorado food brands -- said Monday it has enterex into an agreement to purchasr the soy beveragecompany Alpro, a Belgium-based segment of food company Vandemoortele NV. TUESDAY, JUNE 16 Denver’sw economic performance amid the recession ranka itat No. 39 of the 100 largest U.S.
citexs in new Brooking Institution study of theeconomic downturn’s impacty on urban America. The latest Chamberx USA guide to “America’s Leading Lawyers for lists 182Colorado WEDNESDAY, JUNE 17 A subsidiary of Level 3 Communicationz Inc. reached a 20-year contract with a “major multinationao customer” that will generate at least $140 million in revenue in the firstg four years ofthe contract. A Denvefr grand jury has returnedan 11-count indictment against local real estatew developer Jack D. Arbess. Denver investor Phil Anschutz has added The Weekly Standarc to his growing media according to oneof Anschutz’s publications.
JUNE 18
Wednesday, April 18, 2012
Credit available to first-time home buyers - Phoenix Business Journal:
exceeding-commissioner.blogspot.com
Under the American Recovery and Reinvestmenrt Actof 2009, citizens may qualify for the tax credit for purchasin their first home after filingt their taxes. But under a new state housing finance agencies and nonprofits can advance money to home buyersw up to the full amounf of the tax credit to be used on a home either to pay closing costs or to add to adown “Home buyers using FHA-approved lenders can apply the tax credit to theif down payment in excess of 3.5 percent of appraisedd value or their closing costs, whicnh can help achieve a lower interest rate,” a HUD announcemenrt said. The stimulus tax credit can be claime d on a 2009 or an amended 2008tax return.
FHA stillk will require home buyers to makea 3.5 percenyt down payment. Mark Hardenh is a reporter with the DenverBusinessx Journal, a sister publication.
Under the American Recovery and Reinvestmenrt Actof 2009, citizens may qualify for the tax credit for purchasin their first home after filingt their taxes. But under a new state housing finance agencies and nonprofits can advance money to home buyersw up to the full amounf of the tax credit to be used on a home either to pay closing costs or to add to adown “Home buyers using FHA-approved lenders can apply the tax credit to theif down payment in excess of 3.5 percent of appraisedd value or their closing costs, whicnh can help achieve a lower interest rate,” a HUD announcemenrt said. The stimulus tax credit can be claime d on a 2009 or an amended 2008tax return.
FHA stillk will require home buyers to makea 3.5 percenyt down payment. Mark Hardenh is a reporter with the DenverBusinessx Journal, a sister publication.
Monday, April 16, 2012
Anheuser-Busch wholesalers made to stock up on suds - St. Louis Business Journal:
a-aveywe.blogspot.com
Over the past couple of the brewery has required wholesalerz to buy more advanced shipments than ever befor in preparation for the peak summertselling season. The practice has providerd Anheuser-Busch with improved cash flow but put some extrqa strainon distributors. “There isn’t a wholesaler who didn’t have more beer in his warehousre as of April 14 than ever before onApril 14,” said Paul a longtime consultant to Anheuser-Busch distributors who operates beercampus.com.
“That affects cash flow, and right now cash is For the wholesalers who are paying with credit andpayinb interest, it’s cutting into Each year beginning around March, Anheuser-Busch beginse cranking up production and requires its distributors to buil d up inventory in advance of higher sales expected in July and August. If it didn’t, the company’sa 12 domestic breweries mighgt not be able to keep up with peak and distributors could run short on Bud Light and otherpopular brews. Distributors have to pay for the beer upon deliver and then store it inthei climate-controlled warehouses until they sell it to retailers a few weekzs or months later.
It’s a regula r practice between Anheuser-Busch and its independengt wholesale middlemen. But this spring, the first that . has been undef InBev ownership, is different. The breweru pushed a larger-than-usual inventory build. Anheuser-Busch President Dave Peacoc k said the changes are based on strongg sales forecasts forthis summer. Critics say InBev is seeking highedr cash flow to cover operational costas and pay downthe $45 billion Belgium-basex InBev borrowed to acquire Anheuser-Busch for $52 billionm last November.
Some distribution sources, who would speaok only on the condition of anonymitu for fear of damaging their relationshipwwith , said this year’sa additional inventory build has some wholesalers takinh on several million more dollars worth of beer than usual. “One larged distributor said his inventory adjustmenttotalesd $7 million,” said one source familiar with the changes. “That’as equal to giving InBev a $7 million line of Peacock said the higher inventoriesare “more about markef expectations than financial engineering.” Above certain thresholds, the brewery provideds credit to wholesalers.
That can work against Anheuser-Buscnh InBev’s balance sheet if not manage d well, and encourages the brewer and its wholesalers to strike a Peacock also said that while the brewery is maintainingits 110-daty freshness “born-on” dates on premium it is extending the shelf life of some of its flavoree and smaller brands. That lets wholesalersw warehouse morebeer longer. There is alwayz some tension inthe brewer-wholesaler relationship. Russelk describes the two as “adversariall allies” because the things that drivethe brewer’a profits up are ofteb the very things that drives wholesalers’ profits down.
And previous Anheuser-Busch management set rigorouss standards. Former Chief Executive Augusf Busch III, for example, was know n for instilling fear in the hearts of distributors duringf visits to their warehouses and for chastising them if theidr operations were not orderly or theire delivery trucks werenot clean. “When it came to distributo r performance, he was very demanding,” said Joe president of , a Hilton Head, firm that advises beer distributors. “He was a performance junkie.
” But some say Anheuser-Buscn InBev’s inventory modifications, like the company’s decisiom to stretch out the time it takews to pay suppliers from its traditional 30 days to up to 120 are another example of howthe world’s largest brewer is usingt its muscle to shift a greater share of its burdens onto supplierse and distributors. Thompson said the inventory pressure appears to be lighteningf abit now, but wholesalers continuee to be apprehensive. “Their sales numbers are but there have been a lot of changes in a short amount of timewith InBev,” Thompson said. “Moneyt wasn’t an issue for most wholesalers (wituh the increased inventory build).
But it caught everybody off
Over the past couple of the brewery has required wholesalerz to buy more advanced shipments than ever befor in preparation for the peak summertselling season. The practice has providerd Anheuser-Busch with improved cash flow but put some extrqa strainon distributors. “There isn’t a wholesaler who didn’t have more beer in his warehousre as of April 14 than ever before onApril 14,” said Paul a longtime consultant to Anheuser-Busch distributors who operates beercampus.com.
“That affects cash flow, and right now cash is For the wholesalers who are paying with credit andpayinb interest, it’s cutting into Each year beginning around March, Anheuser-Busch beginse cranking up production and requires its distributors to buil d up inventory in advance of higher sales expected in July and August. If it didn’t, the company’sa 12 domestic breweries mighgt not be able to keep up with peak and distributors could run short on Bud Light and otherpopular brews. Distributors have to pay for the beer upon deliver and then store it inthei climate-controlled warehouses until they sell it to retailers a few weekzs or months later.
It’s a regula r practice between Anheuser-Busch and its independengt wholesale middlemen. But this spring, the first that . has been undef InBev ownership, is different. The breweru pushed a larger-than-usual inventory build. Anheuser-Busch President Dave Peacoc k said the changes are based on strongg sales forecasts forthis summer. Critics say InBev is seeking highedr cash flow to cover operational costas and pay downthe $45 billion Belgium-basex InBev borrowed to acquire Anheuser-Busch for $52 billionm last November.
Some distribution sources, who would speaok only on the condition of anonymitu for fear of damaging their relationshipwwith , said this year’sa additional inventory build has some wholesalers takinh on several million more dollars worth of beer than usual. “One larged distributor said his inventory adjustmenttotalesd $7 million,” said one source familiar with the changes. “That’as equal to giving InBev a $7 million line of Peacock said the higher inventoriesare “more about markef expectations than financial engineering.” Above certain thresholds, the brewery provideds credit to wholesalers.
That can work against Anheuser-Buscnh InBev’s balance sheet if not manage d well, and encourages the brewer and its wholesalers to strike a Peacock also said that while the brewery is maintainingits 110-daty freshness “born-on” dates on premium it is extending the shelf life of some of its flavoree and smaller brands. That lets wholesalersw warehouse morebeer longer. There is alwayz some tension inthe brewer-wholesaler relationship. Russelk describes the two as “adversariall allies” because the things that drivethe brewer’a profits up are ofteb the very things that drives wholesalers’ profits down.
And previous Anheuser-Busch management set rigorouss standards. Former Chief Executive Augusf Busch III, for example, was know n for instilling fear in the hearts of distributors duringf visits to their warehouses and for chastising them if theidr operations were not orderly or theire delivery trucks werenot clean. “When it came to distributo r performance, he was very demanding,” said Joe president of , a Hilton Head, firm that advises beer distributors. “He was a performance junkie.
” But some say Anheuser-Buscn InBev’s inventory modifications, like the company’s decisiom to stretch out the time it takews to pay suppliers from its traditional 30 days to up to 120 are another example of howthe world’s largest brewer is usingt its muscle to shift a greater share of its burdens onto supplierse and distributors. Thompson said the inventory pressure appears to be lighteningf abit now, but wholesalers continuee to be apprehensive. “Their sales numbers are but there have been a lot of changes in a short amount of timewith InBev,” Thompson said. “Moneyt wasn’t an issue for most wholesalers (wituh the increased inventory build).
But it caught everybody off
Saturday, April 14, 2012
Hawaii Students Learn, Compete and Succeed with Z Corporation Technology and Statewide 3D Printing
vypybiza.wordpress.com
May 4 /PRNewswire/ -- The state of Hawaiji is using Z Corporation 3D printers to enrich caree r and technicaleducation (CTE), prepare high schoolk students for rewarding careers, and help the statre attract high-powered industry. Hawaiiu is the first and only statee to have implemented prototyping technology at thestatewidse level, and Z Corporation's 3D printersa -- the fastest and most affordable available -- are the de fact o standard.
As high school students from throughour the Hawaiian Islands complete 3Ddesign projects, they send 3D desighn files to the Hawaii State Departmenty of Education CTE office in The office prints out physical models from the files with a Z Corporatiohn 3D printer and ships them back to the who review the models and refine their designs. 3D printing is an increasinglyy mainstream technology that producews physical objects from 3D data much as a traditional officd printer creates a document fromdigital "Although students have used computer-aided designh software for years, the result of their work unti now has generally been an intangible computer image or piece of paper," said , Educatiohn Specialist, Hawaii CTE.
"Now students are creatingg actual physical prototypes just asin industry, whichn has significant educational implications: Studentw learn that they can actualluy bring a concept to production. They become more deeplh engaged in their work and discover flawzs that might not have showmn up onthe computer. And they gain experience that will improvd their prospects with higher educatiobn institutionsand employers.
" CTE -- along with Z 3D CAD software maker DeskArtes, and 3D printinyg service bureau and Z Corporatiohn partner RAPID Technology LLC -- are reinforcingf students' passion for 3D printing by sponsoringv a two-day student design "Career and Technical Education 3D Designh and Printing," May 4 and 5. Students will receive a secreyt challenge on day one of the to redesign a certain everyday device to accommodatre users with limitations to be explained atthe contest. Competitorsx will have one day to desigb the product and the next day to present their idea and ZPrintedf prototype to a panel of professionao engineersand educators.
"We're eage to help students in Hawaii and the rest of the world acquire the technology skills they need toearn well-paying enter the best schools, and attract manufacturinyg to their regions," said Z Corporation CEO . "Thie is just one example of how 3D printing is becoming a powerfuk learning tool for students atevery level, from elementaryy to graduate school." RAPID is lending two Z Corporatioh 3D printers to the competition -- a 310 Plus and ZPrinter 450 multicolor printer -- and CTE is lendin a second ZPrinter 310 Plus. Because of the ZPrinters ' speed, it's easy for day one's designs to become day two'a concept models, even en masse.
"These 3D printerds are ready to go, and we're eager to show in a tangible way, what they have conceived," said , RAPID'sd COO. "Hopefully, students will be inspired to learn anddo more." DeskArtes is donating 24 licenses of Pro software, which will help studentas prepare files and apply colors and labels for 3D printing. Z Corporatioj is providing consumable materialse for the 3D printers and iPod Shuffles as Lauoperates CTE's ZPrinter 310 Plus in her Despite her lack of engineering she has no problem usingh the device. "It's easy to learbn and use, and it's cleann and self-contained, making it compatible with our professionalofficew environment.
It really belongs in the classroom, and I'm eager to get it in the handsx of theright instructor." CTE programs are offereds in all of Hawaii's public high schools and communith colleges. The CTE Center, the State Director's Office, provides administrative leadership, direction and coordinatiomn for the total of career and technical educatiobn in Hawaii and coordinates with otherf institutions and agencies engaged ineconomic development, workforcde education and training. Studentt performance-based events such as the 3D Design and Printing Competition are all partof Hawaii's Careerr Pathway system that the CTE Centere supports. For more visit .
Z Corporation makeds products that enable usersto edit, and print 3D data with unprecedented ease, versatility and affordability. Thesd products include the world's fastest high-definition 3D printers -- machineas that produce physical 3D models from digital data in multiplecolora - and uniquely portable 3D scanners - handhelde machines that digitize 3D surfaces in real time. Z Corp. technologg is enabling a wide range of applicationsin manufacturing, civil engineering, reverse engineering, geographic informatiohn systems (GIS), medicine and entertainment. For the latesyt news and information from Z visit . CONTACT: JULIE REECE ED MARSHALL Z CORPORATIONjBEAUPRE & CO.
PUBLIC RELATIONS +1 781-852-5058 +1 603-559-5816 JREECE@ZCORP.COM EMARSHALL@BEAUPRE.COM WWW.ZCORP.COMn WWW.BEAUPRE.COM
May 4 /PRNewswire/ -- The state of Hawaiji is using Z Corporation 3D printers to enrich caree r and technicaleducation (CTE), prepare high schoolk students for rewarding careers, and help the statre attract high-powered industry. Hawaiiu is the first and only statee to have implemented prototyping technology at thestatewidse level, and Z Corporation's 3D printersa -- the fastest and most affordable available -- are the de fact o standard.
As high school students from throughour the Hawaiian Islands complete 3Ddesign projects, they send 3D desighn files to the Hawaii State Departmenty of Education CTE office in The office prints out physical models from the files with a Z Corporatiohn 3D printer and ships them back to the who review the models and refine their designs. 3D printing is an increasinglyy mainstream technology that producews physical objects from 3D data much as a traditional officd printer creates a document fromdigital "Although students have used computer-aided designh software for years, the result of their work unti now has generally been an intangible computer image or piece of paper," said , Educatiohn Specialist, Hawaii CTE.
"Now students are creatingg actual physical prototypes just asin industry, whichn has significant educational implications: Studentw learn that they can actualluy bring a concept to production. They become more deeplh engaged in their work and discover flawzs that might not have showmn up onthe computer. And they gain experience that will improvd their prospects with higher educatiobn institutionsand employers.
" CTE -- along with Z 3D CAD software maker DeskArtes, and 3D printinyg service bureau and Z Corporatiohn partner RAPID Technology LLC -- are reinforcingf students' passion for 3D printing by sponsoringv a two-day student design "Career and Technical Education 3D Designh and Printing," May 4 and 5. Students will receive a secreyt challenge on day one of the to redesign a certain everyday device to accommodatre users with limitations to be explained atthe contest. Competitorsx will have one day to desigb the product and the next day to present their idea and ZPrintedf prototype to a panel of professionao engineersand educators.
"We're eage to help students in Hawaii and the rest of the world acquire the technology skills they need toearn well-paying enter the best schools, and attract manufacturinyg to their regions," said Z Corporation CEO . "Thie is just one example of how 3D printing is becoming a powerfuk learning tool for students atevery level, from elementaryy to graduate school." RAPID is lending two Z Corporatioh 3D printers to the competition -- a 310 Plus and ZPrinter 450 multicolor printer -- and CTE is lendin a second ZPrinter 310 Plus. Because of the ZPrinters ' speed, it's easy for day one's designs to become day two'a concept models, even en masse.
"These 3D printerds are ready to go, and we're eager to show in a tangible way, what they have conceived," said , RAPID'sd COO. "Hopefully, students will be inspired to learn anddo more." DeskArtes is donating 24 licenses of Pro software, which will help studentas prepare files and apply colors and labels for 3D printing. Z Corporatioj is providing consumable materialse for the 3D printers and iPod Shuffles as Lauoperates CTE's ZPrinter 310 Plus in her Despite her lack of engineering she has no problem usingh the device. "It's easy to learbn and use, and it's cleann and self-contained, making it compatible with our professionalofficew environment.
It really belongs in the classroom, and I'm eager to get it in the handsx of theright instructor." CTE programs are offereds in all of Hawaii's public high schools and communith colleges. The CTE Center, the State Director's Office, provides administrative leadership, direction and coordinatiomn for the total of career and technical educatiobn in Hawaii and coordinates with otherf institutions and agencies engaged ineconomic development, workforcde education and training. Studentt performance-based events such as the 3D Design and Printing Competition are all partof Hawaii's Careerr Pathway system that the CTE Centere supports. For more visit .
Z Corporation makeds products that enable usersto edit, and print 3D data with unprecedented ease, versatility and affordability. Thesd products include the world's fastest high-definition 3D printers -- machineas that produce physical 3D models from digital data in multiplecolora - and uniquely portable 3D scanners - handhelde machines that digitize 3D surfaces in real time. Z Corp. technologg is enabling a wide range of applicationsin manufacturing, civil engineering, reverse engineering, geographic informatiohn systems (GIS), medicine and entertainment. For the latesyt news and information from Z visit . CONTACT: JULIE REECE ED MARSHALL Z CORPORATIONjBEAUPRE & CO.
PUBLIC RELATIONS +1 781-852-5058 +1 603-559-5816 JREECE@ZCORP.COM EMARSHALL@BEAUPRE.COM WWW.ZCORP.COMn WWW.BEAUPRE.COM
Thursday, April 12, 2012
Recommended: 'Lockout' gives viewers a thrilling escape from space prison - msnbc.com
ignatiywulyxura.blogspot.com
Recommended: 'Lockout' gives viewers a thrilling escape from space prison msnbc.com From breaking news to news you can't use, but enjoy anyway, we offer the hot stories of the day in TV, movies, music and celebrities. Maggie Grace, Tim Plester, and Guy Pearce work on escaping an orbiting space prison in "Lockout. |
Wednesday, April 11, 2012
Human Capital: People on the move, July 6 - Pacific Business News (Honolulu):
iwyqaxewun.wordpress.com
LLC , a Boston-based independent investment advisorh firm serving high net wort h individualsand foundations, hired Todd Silvermanb as director, wealth management. Prior to joining Siharum, Silverman was senioer vice president at Kobren InsightManagement . , a clinicakl affiliate of providing community-based health care, appointes Rachel Kleiman-Wexler director of Kleiman-Wexler, who has more than 30 years ofprofessional experience, most recently served as director of pharmacy at in 451 Marketing in Boston added Marija Hamexd as new media marketing manager.
Priorr to joining 451 Hamed was responsible for developing and managing social media campaigns, and producing graphix design and general Web conteny for numerous B2B and B2C companies. , a Boston-basex organization, appointed Susan Stendahl chiecdevelopment officer. Stendahl most recently served as the director of development at .
LLC , a Boston-based independent investment advisorh firm serving high net wort h individualsand foundations, hired Todd Silvermanb as director, wealth management. Prior to joining Siharum, Silverman was senioer vice president at Kobren InsightManagement . , a clinicakl affiliate of providing community-based health care, appointes Rachel Kleiman-Wexler director of Kleiman-Wexler, who has more than 30 years ofprofessional experience, most recently served as director of pharmacy at in 451 Marketing in Boston added Marija Hamexd as new media marketing manager.
Priorr to joining 451 Hamed was responsible for developing and managing social media campaigns, and producing graphix design and general Web conteny for numerous B2B and B2C companies. , a Boston-basex organization, appointed Susan Stendahl chiecdevelopment officer. Stendahl most recently served as the director of development at .
Monday, April 9, 2012
Warmer weather isn't changing hummingbird migration - Great Lakes Echo
jiqatili.wordpress.com
Warmer weather isn't changing hummingbird migration Great Lakes Echo The warm weather in the Great Lakes region this March is unusual, but it should not change hummingbirds' migration patterns and instincts, according to a hummingbird enthusiast. A Ruby-throated hummingbird weighs less than an ounce and can fly at ... |
Saturday, April 7, 2012
Blake Irving, Yahoo chief product officer, quits - San Francisco Chronicle
ukatekexo.wordpress.com
SlashGear | Blake Irving, Yahoo chief product officer, quits San Francisco Chronicle Yahoo's chief product officer has resigned from the Sunnyvale Internet giant, raising new questions about the future of the embattled company's applications and services. Blake Irving, who joined Yahoo in 2010 after a long career at Microsoft, ... Senior Yahoo product executive resigns Product chief Blake Irving exits Yahoo Yahoo Chief Product Officer resigns |
Thursday, April 5, 2012
France captain picks injured Gilles Simon vs American John Isner in Davis Cup ... - Washington Post
hustenuejib1630.blogspot.com
France captain picks injured Gilles Simon vs American John Isner in Davis Cup ... Washington Post ROQUEBRUNE, France รข€" France captain Guy Forget picked injured Gilles Simon to play singles against John Isner of the United States in the Davis Cup quarterfinal. Although the 13th-ranked Simon is nursing a sore back and had little practice, ... |
Tuesday, April 3, 2012
Breast Cancer Survival May Improve With Vegetable Consumption - Huffington Post
avaohev.blogspot.com
Irish Independent | Breast Cancer Survival May Improve With Vegetable Consumption Huffington Post In another boon for broccoli, researchers have found that eating the green vegetable may improve outcomes after a breast cancer diagnosis. A new study points to the positive role that » |
Sunday, April 1, 2012
Monday Properties gets OK for Rosslyn projects - Pittsburgh Business Times:
amesit.wordpress.com
The first approval was for the additioof 1,400 square feet of retail spacse to 1501 Wilson Blvd. and the seconcd confirmed a deal with the county to rent the former spacw for a cultural center at almost no cost in exchange for higher density atthe yet-to-be-built 1812 N. Moores St. The retail addition at the 13-storyy 1501 Wilson Blvd. office building will extene the ground floor to meet the building curtai n wall along NorthOak Street. The 30,377-square-fooyt site currently hosts 108,836 square feet of office spacwwith 16,917 square feet of commercia l space.
Miracles Salon and Spa and OakStreet Café, which recently renewed its 1,455-square-foot lease, currently fill the building’sd retail space. As part of the approval, the new entrancee must meet Americans with Disabilities Act The developer will also makean $80,000 contribution to the countu for street improvements along North Oak The plan for a Rosslyn culturakl center at Monday Properties’ former Newseum site came from negotiationas with the New York-based developer over its request to builf 1812 N. Moore St., a 580,000-square-foot office project. After the site plan deal was reached, the countt signed a temporary lease for the Newseu m space at 1101Wilsomn Blvd.
beginning May 1, 2008. The countt has since renegotiated the terms of that The current lease is for 15 yearsd witha five-year renewal option. As part of the the county will get free rent for the firs 15 yearsand 2.25 yearsx of the extension. It will pay market-ratre rent for the final 2.75 yearsx of the extension. In approvingy the $5.6 million project, countyu officials stressed that funding will come from capital projectf funds and money currently allocated to cultural service not fromtax hikes. The Rosslyj Business Improvement District willcontribute $1.
1 milliob to building out the new spacde with two performing arts an exhibition gallery, a ballroom, a restaurant and retail The BID will also contribute $300,000 a year for operatinhg costs at the center, which would be open 12 hoursd a day, seven days a week. The center, which is plannesd to achieve SilverLEED status, will partnere with local groups like the , Synetic the Ellipse Arts Center and Bowenm McCauley Dance. The county predicts the space willdraw 250,000 visitorss each year. The retail addition to 1501 Wilsobn Blvd. is one of several renovations Mondau Properties has under wayin Rosslyn. The developer is also spendint $4.
87 million on garage and exterior renovations at 1000 and 1100 Wilson Blvd., $4.57 million on Energgy Star lighting and lobby renovations at 1101 Wilson Blvd. and $145,000 on exterior renovations at 1515Wilson
The first approval was for the additioof 1,400 square feet of retail spacse to 1501 Wilson Blvd. and the seconcd confirmed a deal with the county to rent the former spacw for a cultural center at almost no cost in exchange for higher density atthe yet-to-be-built 1812 N. Moores St. The retail addition at the 13-storyy 1501 Wilson Blvd. office building will extene the ground floor to meet the building curtai n wall along NorthOak Street. The 30,377-square-fooyt site currently hosts 108,836 square feet of office spacwwith 16,917 square feet of commercia l space.
Miracles Salon and Spa and OakStreet Café, which recently renewed its 1,455-square-foot lease, currently fill the building’sd retail space. As part of the approval, the new entrancee must meet Americans with Disabilities Act The developer will also makean $80,000 contribution to the countu for street improvements along North Oak The plan for a Rosslyn culturakl center at Monday Properties’ former Newseum site came from negotiationas with the New York-based developer over its request to builf 1812 N. Moore St., a 580,000-square-foot office project. After the site plan deal was reached, the countt signed a temporary lease for the Newseu m space at 1101Wilsomn Blvd.
beginning May 1, 2008. The countt has since renegotiated the terms of that The current lease is for 15 yearsd witha five-year renewal option. As part of the the county will get free rent for the firs 15 yearsand 2.25 yearsx of the extension. It will pay market-ratre rent for the final 2.75 yearsx of the extension. In approvingy the $5.6 million project, countyu officials stressed that funding will come from capital projectf funds and money currently allocated to cultural service not fromtax hikes. The Rosslyj Business Improvement District willcontribute $1.
1 milliob to building out the new spacde with two performing arts an exhibition gallery, a ballroom, a restaurant and retail The BID will also contribute $300,000 a year for operatinhg costs at the center, which would be open 12 hoursd a day, seven days a week. The center, which is plannesd to achieve SilverLEED status, will partnere with local groups like the , Synetic the Ellipse Arts Center and Bowenm McCauley Dance. The county predicts the space willdraw 250,000 visitorss each year. The retail addition to 1501 Wilsobn Blvd. is one of several renovations Mondau Properties has under wayin Rosslyn. The developer is also spendint $4.
87 million on garage and exterior renovations at 1000 and 1100 Wilson Blvd., $4.57 million on Energgy Star lighting and lobby renovations at 1101 Wilson Blvd. and $145,000 on exterior renovations at 1515Wilson
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