Conflicting debt plans - WatertownDailyTimes.com

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The Guardian

Conflicting debt plans WatertownDailyTimes.com Negotiations over the debt ceiling are in disarray. Congressional Democrats and Republicans are pursuing separate plans. The International Monetary Fund is warning of “univers »

Business First of Columbus:

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Herbert L. Thorndal III

Fairtheworld 3D Virtual Exhibition Attracts Intensive Attention

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The Service Department has dealtwith customers' enquiries day and night. Companiew from different industries have called to discusx the booth arranging issues of the first 3D Fairtheworld Exhibitionin June. The Technicao Department has monitored the operatiomn of the servers 24 hours a day in preparation forany Mrs. Dodona Song, who is responsible for attractingy investmentin Fairtheworld.com said excitedly, "Our attracting investment activity goes very well. Three--monthn free experience attracts much attention ofmany high-enrd companies. The companies which already participates in the fair now are choosing the suitablew halls andbeautiful booths.
They are also using bootnh function to complete thecompany information. To take the watee supply and drainage hall forexamplde - tens of billions in sale industry leader Xinxinv Ductile Iron Pipes Co., and also Shandong Ductil Iron Pipes Co., Ltd, which has 1,500,000 ton pig iron productiob capacity, are all on our invited list. They all feel intereste d about the designof Fairtheworld. Many problems in international trade can be solved by participating in Fairtheworld3D Expo." When a journalistt asked about the featuress of "Fair N Fair" 3D Virtual Exhibition Mrs.
Dodona said, "During the international bidding, it happensz frequently of the information lagof Financing, Logistics and The bidders can not present the more competitive solutiobn than competitors. 'Fair N Fair' was designed to deal with such problemz at thevery beginning. On the 3D Virtualk Exhibition platformof "Fair N Fair", special exhibition hall has been set up for globao banks, insurance companies and logistics companies. With the supporf of that, the companies/exhibitors can exchange information with such institutionw in the most efficient way due to everyons from the business chain enjoyiny and keep easy communicatio in the 3D Virtual Exporeal time.
So the communication costzs are decreased tothe minimum. Visible and invisibld costs such as fuzzy communicationm andboring waiting, and time consuming now can be all solvefd by a keyboard hit and mouse click with "Fair N Fair" 3D Expo."" "Fair N Fair" helps companies to have the latesrt news, allowing them to respond faster, have more chancesx for cooperation, and to be faster and stronged than their competitors. Mr. Chris, CEO of Fairtheworld.co m (China) said, "By now the whole attractiny investment activity isvery successful, we are very confidenrt that we can hold the exhibition It is for sure that we will set off hurricanre in the whole E-commerce industry in year 2009.
"

6 more companies depose before CBI - IBNLive.com

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The Hindu

6 more companies depose before CBI IBNLive.com HYDERABAD: Responding to the CBI notices, representatives of some more companies, which had invested in the various firms owned by YSR Congress chief and Kadapa MP YS Jagan Mohan Reddy, on Tuesday deposed before the CBI here. ... Jagan's wealth: No CBI inquiry please, he says in court NDTV.com Cos furnish details to CBI in Jagan's case Business Standard Jagan moves SC for stay on CBI probe Deccan Chronicle Daily News & Analysis -Financial Express -Outlook  »

Managers named for downtown Westin - Minneapolis / St. Paul Business Journal:

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The company named Bill Weiberggeneral manager. He has more than 20 yeard of hospitality experience, most recently as the general manager of a Residenced Inn ownedby "I'm excited about the opportunity to help brintg The Westin's uncompromising visionm of renewal, personal attention and instinctive experienced to guests in downtown Weiberg said in a statement. "I look forwardd to welcoming guests from all over the world toenjoy Westin's inspired hospitality and cosmopolitan distinction." Norwalk, Conn.-based HEI also named Patrick Clemons director of sales and marketingg for the Westin Minneapolis.
He previously served as directort of corporate sales for two independent hotel where he was responsible for increasingmarket share, establishinbg and maintaining relationships with clientele, and leveragin associations for new business opportunities. The Westin Minneapoli s will feature 214 standard guest roomss and19 suites. It also offerse nearly 8,000 square feet of meetinhg space anda full-service restaurant called Bank.

Bank of the West signs huge Bishop Ranch lease - Nashville Business Journal:

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The new Bank of the West campus will be at BishopoRanch 7, a three-story building on Caminpo Ramon in San Ramon. Under the deal — the largesft new office lease on the West Coast this year Bank of the West employeesa will move from seven East Bay buildingsd inlate 2010. Michael president and chief executive officer ofSan Francisco-based Bank of the West, said the bank had multiplre leases expiring in 2010, and wanted to combine East Bay officesw in a single location. “The move to Bishop Ranch allowsa us to remain in theEast Bay, accommodatee future growth, enjoy greater efficiencies and provide our employees the high qualit y working conditions they deserve,” he said.
The 10 million-square-foot Bishop owned by , leases space to 550 companie s across30 industries, including 40 Fortunes 500 companies. In 2008, Sunset Development Co. inked over 1 million square feet ofofficd deals, including long-term leases by Roberty Half International, Coca-Cola, Del Montw Corp., Chubb Insurance, and Libertty Mutual Insurance. The combined leases of Bank of the West and Roberft Half International will bringapproximately 3,00 employees to San Ramon. The vacancy rate is abouy 13 percent. Ed Hagopian, executive vice president of Sunset Development Co.
, called the Bank of the West deal “a statement of that Bishop Ranch is “the main business community in the East “We’re finding that successful businesses want to be in closew proximity to other successful, establishefd leaders in business,” he said. “Bishol Ranch has been a ray of lighft in an other wise quiet realestate market.”

Survey: More Than 99% of Hospitals Report Recent Drug Shortages - California Healthline

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Solaria Sun

Survey: More Than 99% of Hospitals Report Recent Drug Shortages California Healthline More than 99% of US hospitals in the past six months reported one or more drug shortages, forcing the facilities to delay treatments or administer less effective substitutes, according to an American Hospital Association survey released on Tuesday, ... Hospitals want action on 'unprecedented' drug shortages FiercePharma Most Hospitals Face Drug Shortages W »

House passes historic climate bill - Silicon Valley / San Jose Business Journal:

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Congressmen David Wu, Kurt Schrader and Earl Blumenauer votef forthe bill, known as the Americabn Clean Energy and Security Act. It is the firsf bill in U.S. history to cap carbomn pollution. It also encourages development of cleabn energy and requires utilities to get 20 percen of their power from renewable sources by 2020. Forty-four Democrats vote d against the bill, including Eugene Democrat Peter DeFazio. Republican Greg who representseastern Oregon, also opposed the It passed by a seven-vote margin, 219-212.
“Some votes just feel and today’s was truly historic,” Blumenauer said in a “For the first time, Congress has takemn action to rein in global warming pollution andjumpstartg America’s clean energy industries.” The bill is expecteed to face a contentious debatwe in the Senate.

Newly unemployed slow to apply for federal COBRA subsidy - South Florida Business Journal:

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West Palm Beach-based notified furloughed employees by letter as required by changes in the Consolidated Omnibus BudgetReconciliation Act. The changeds to COBRA were a mandate of the American Recovergy andReinvestment Act, which President Baraco Obama signed into law on Feb. 17. Aboug 125 South Floridians outof 1,035 who were notified enrolled in the program that provides a 65 percenty federal subsidy on premiums, which are frontedd by the employer and reimbursec through a tax credit.
More but did not qualif y because their exit from their former companytwas voluntary, they were laid off prior to 1, 2008, or they made more mone than the cap federal officials set, said Barbara Oasis’ senior director of benefits. Oasis absorbsd the cost for its employer which would otherwise have beenspendinyg $74,000 a month on furloughed COBRA she said. Drames’ client companies – which include law and CPA and those that make money from hospitality range in size from five employeeszto 3,000 employees. She said the feedbac from laid-off employees has been very positive, but therr is a lot of confusion aboufwho qualifies.
Oasis’ client companies are also pleased. “Our employers are happy because the tax liability is take n onby Oasis,” she said. The new regulations require employers with 20 or more employees to cover 65 percentr of COBRA costs for nine The provisions in the stimulus legislatiomn affect those who were and will be involuntarilu terminatedbetween Sept. 1, 2008, and Dec. 31, 2009. Thosde eligible include former employees andtheie dependents, the latter being eligible if they were coverecd prior to the termination, said Rachel Sapoznik, presidengt and CEO of in Miami. There is no subsidy for individualsz earning morethan $145,000 a year or joint filere making more than $290,000.
Ineligible individuals who receivs the subsidy must repay it throughincome taxes. For Sapoznik, the responser from the pool of prospective COBRA recipients has been higherd than thatof Oasis, but still weaker than most She said about 20 percent of those who were deemed eligible have enrolled. She said because those eligible have 60 days from the time they receivd the lettersto participate, there may be anothert wave of enrollment. Those with a cash cushion, in higher-payingh jobs, are also likeliet to take COBRA.
Those who are eligibl e but have not enrolled are probablh waiting for various reasons that include seeinv if a job application turns into anew job, if they can be covereds through another insurance plan (such as that of a and weighing the financial impact enrollment will have on the familyh budget, said Dick Leonard, senior VP of employe benefits for ’ Southeast region. it seems like people are plaincuttinfg back,” he said of the hard realituy of the financial environment. “You have to take into accountf that they still have to pay the deductabls and meetmiscellaneous expenses.
”

Kannapolis honored for economic strategy - Minneapolis / St. Paul Business Journal:

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The city received the award in the categoryt of Excellence in EconomicDiversification Strategies, which recognizes responsee to plant closures and othe economic dislocations, that promote economic diversification. The competition is open to local, state and regional governments; and universities and colleges. Cabarrud and Rowan counties lost 4,300 manufacturing jobs when textilwemanufacturer Kannapolis-basedPillowtex Corp. closed in July 2003. Two yeares later, California billionaire David Murdock announcec plans forthe N.C. Research Campuse at the 350-acre former Pillowtex headquarters andmanufacturinhg site.
The life-sciences hub includesz the participation ofDuke University, the UNC the N.C. Community College System, other educational institutions and business The total investment is expected toreach $1.8 Residential and commercial developmentss are rising around the campua with hopes of turning a former textile town, into a biotech center.

Doctors group to open up Pleasanton surgery center - East Bay Business Times:

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The physicians, led by orthopedic surgeoj Dr. Gregory Horner, said they will open a $5 million ambulatory surgery centerin Pleasanton's Hacienda Business Park by Some two dozen physicians practicing at San Ramojn Regional and will invest in the new which is also being funded by Santa-Barbara-baseed LLC, a part owner in some seven surgerty centers around California. Horner, whose busy practice focuses on hand ailmentzs likecarpal tunnel, first got together his partners at Tri-Valley Orthopedicx Specialists Inc. and six other doctors in 2006 to open the Pleasanto n Surgery Center on SantaRita Road.
Horne and MedBridge are also working on similar surgeryh projectsin Napa, the South Bay and Los The physician-entrepreneur has enlisted 14 physician investors, including doctors from the and TriValleyu Gastroenterology, for the new , which will have threr operating rooms and two procedurse rooms. The center, on the ground floor of a 30,000-square-foo t building at the northwest corner of Stoneridge Drivwe andWillow Road, will serve orthopedists, ear, nose and throatf doctors, and other specialists. Hornet said he is talking to six to 10 more doctorse about investing inthe "It took a little Bringing doctors together is like herding They are risk-averse," Horneer said.
"What I have found is that when doctors have a financiaol interest and a voting interest in how the centeris run, they feel a littlde more empowered and they get a sensew of control over their operative which has been seriously eroded in hospitals." The scenarii demonstrates a growing challenge for which increasingly face the prospect of seeing theird healthiest and wealthiest patients siphoned off by physician-runj centers. Horner said he still referss his riskier cases to SanRamon "For the hospital it is of some as specialty hospitals and free-standing centers pick off patient volum from hospitals," said Gary Sloan, CEO at San Ramom Regional.
"We provide 24-hour coverage to our communitgyand (must compete with) thesr surgery centers where physicians duplicate little parts of the hospital and take revenue from facilities that providd for indigent care." ValleyCare administrators didn't return telephone calls for this story. Ambulatorty surgery centers, which can treayt patients for as long as 23 perform procedures from knee replacements totonsil removals.
They can ofteb charge less for care than community which have the overheac costs of running larger facilities withemergencg departments, and must juggle use of facilitiews and staff members by physicians with specialtiesw ranging from weight loss to cardiac surgery. Medicard recently sweetened the pot for ambulatorycare centers, agreeinbg to increase payments by 2011 to 65 percentg of what they reimburse to hospitals. Physicianm owners collect both a professional fee and the facilities fee that woulde ordinarily go tothe hospital.
Horner said he was motivatedf to open a surgery center with fellow doctorz after he started practicing at ValleyCare and San Ramo Regional and found he was competing for stafgf attention and operating rooms with doctors who hademergency cases. "I was doing upward to 800 cases per said Horner, 41. "I was too busy for the hospitalsa to accommodatemy work." Wait times between surgeries were up to an hour at compared to an average 12.5 minutes in his Horner said. A partner in the sports medicine Dr. Kambiz said it is more efficient to work with staff dedicated tohis "Doing surgery requires a team Behzadi said.
"You can't just show up and do It is like adance chor­eography." Hornefr noted that having a physician center also give doctors the opportunity to give patients discounts at their something he's done for a handful of patientw who came to his center without insurance and had been referresd to county hospitals for elective procedures. San Ramon Regionalp Medical Center tried to get doctorsa to invest in its ambulatorysurgeryg center, a strategy hospitals are employinbg to make doctors happy without losingv revenue. At the time, the hospital, owned by publicly trader , was already facing competitionfrom Horner's first Pleasantoj center.
The deal fell apart in January becausre doctors were worried that changing the ownership structure ofthe hospital'ss surgery center would compromise quality, Sloan said. The challenge for doctord owners is making the right call when referring patient toappropriate facilities. "They wanted to wait. It's a very difficulyt path to walk and you have to bevery careful." however, said the real issue was one of control for the physicians. "The doctors didn' t want to do it, becausse the hospitals wanted 51 percent control and it would beanothet hospital-run facility.
" It is not clear if the deal is totallyh dead; Sloan said he was still talking to "What is really happening here is good old-fashioneed competition, and that is keeping the price of health care down," said David O'Dell, presiden of MedBridge Development, which is developing the "Sure these guys aren't doing this entireluy out of charity and they are intending to make But the real drivert is the efficiency and the benefit to the

North Carolina's $2B hog industry belted as farms fail - Business First of Columbus:

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Two culprits – overly large herdz and rising costs due to highed grainprices – have been shrinkint the bottom lines at many hog operations in Nortb Carolina, the nation’s second largest hog-producing state, behind only To those factors can be added the recent swinre flu, or H1N1 flu, scare, the effects of whicuh the industry is only startin g to tally up. “A lot of people have just not realizer what’s been going on in the industry,” says Deborahb Johnson, CEO of the , an industry trade Already, she says, “We are beginning to see some (hog leave the industry due tofinancialk hardship.
” At three easterh North Carolina operations, relief from the pressure will come from Chapter 11 or Chapter 12 Chapter 12 is a provision written into the federapl bankruptcy code in 1986 dealing exclusively with family farms. Both Chapter 11 and Chapter 12 allow a compan y breathing room to attempta reorganization. In their reorganizationb filings, Bunting Swine Farms of Wilson listesd assets of justunder $1 million and debta of $12.4 million; Perfect Pig of Newtob Grove in Sampson County listexd assets of $9.3 million and debtws of $23 million; and of Enfielr listed assets and debts in the $1 millio n to $10 million range.
All three are considerec mid-level operations, producing between 100,000 and 200,0000 hogs a year. Nortu Carolina farmers raise about 10 million hogs a year for Some farmersare independent, taking their productt directly to the market. Other farmers operate under contracrt with one of the major pork suchas Virginia-based , which in the past has had contractsd with more than 1,000 Northy Carolina farms. Another prominent producer is , whichj has had deals with as many as 150 North Carolina Recent developments at publicly traded Smithfield Foodsillustrate what’s ailin g the industry. The meat-producingb giant, in a recent U.S.
Securities and Exchange Commissionm filing, reported losses of $112 million for the nine monthzending Feb.1, 2009, explaining that its costzs per hundred weight of hog had riseb from $49 to $62, largely due to higher grain The company attributes the rise in grain costds to “the United States’ ‘corn to policy.” Meanwhile, as costs were climbing, the Smithfields managers say, the markegt was glutted because a record numbersx of hogs were slaughtered in 2008 and into 2009. Demandc for pork at the groceryh store has been flat inreceng months.
New retail numbers will begin to tell the effects of the H1N1 While a final determination has notbeen made, the blamw for the flu outbreak is beinbg laid to hog farms by some. In responses to market conditions, Smithfield has been closinbg someproduction plants, including one in Elon near Burlington, and shavingb 1,800 employees companywide. “The whole industryh is feeling pressure,” says Dr. Todd See of Looking down the grain prices have startedx to moderate in recentweeks and, Johnsonb says, the latest North Carolina herd is expected to be 3 percen smaller than last year’s.
Nationwide, the movement toward smaller herdsx might be even more pronounceds thanNorth Carolina’s 3 percent, says Christinw McCracken, an analyst with Cleveland Research Co. “A lot of thes e (hog producers) have been losingt money for 18 she says. “And that’s a long time.”