Globe and Mail (blog) | Romney video gives credence to Monty Burns caricature Globe and Mail (blog) Romney video gives credence to Monty Burns caricature Add to ... Konrad Yakabuski. Washington รข€" The Globe and Mail. Published Tuesday, Sep. 18 2012, 11:41 AM EDT. Last updated Tuesday, Sep. 18 2012, 12:11 PM EDT. 52 comments · Print / ... A Political Duffer Investors in stock market might win election for Obama Bitter, Clinging Moochers |
Wednesday, September 19, 2012
Romney video gives credence to Monty Burns caricature - Globe and Mail (blog)
ernstiryastrov.blogspot.com
Tuesday, September 18, 2012
Menswear store Harleys moving to Lakewood Building - Nashville Business Journal:
ysynut.wordpress.com
Owner Tim Ryan had said late in 2008 that he was planningh to remodel and cut 50 percent ofthe store’s floorr space at 4009 N. Oakland Ave. Ryan announced Tuesday the stor will relocate toa 4,100-square-fooy space in the Lakewood 3575 N. Oakland Ave., in Ryan, who owns Harleys with his wife, Janet, said he wantef to stay in Shorewood. “Thixs is our home and we are deeply committed to the he said. Ryan said one of the advantages of the new siteis off-streef parking. The Lakewood Building, a mixed-use residential/commercial property constructexin 1962, is undergoing a $1.2 milliobn renovation. The building is owned by Garret McIntosh.
Harleys has contracted with architect Stephen Bollingbrokse of Development Collaborative Limited in Mequon to do aninteriotr buildout. The village of Shorewood provided financial incentives to both the buildintg owner and Harleys to improve the facad and interior space of theLakewood
Owner Tim Ryan had said late in 2008 that he was planningh to remodel and cut 50 percent ofthe store’s floorr space at 4009 N. Oakland Ave. Ryan announced Tuesday the stor will relocate toa 4,100-square-fooy space in the Lakewood 3575 N. Oakland Ave., in Ryan, who owns Harleys with his wife, Janet, said he wantef to stay in Shorewood. “Thixs is our home and we are deeply committed to the he said. Ryan said one of the advantages of the new siteis off-streef parking. The Lakewood Building, a mixed-use residential/commercial property constructexin 1962, is undergoing a $1.2 milliobn renovation. The building is owned by Garret McIntosh.
Harleys has contracted with architect Stephen Bollingbrokse of Development Collaborative Limited in Mequon to do aninteriotr buildout. The village of Shorewood provided financial incentives to both the buildintg owner and Harleys to improve the facad and interior space of theLakewood
Monday, September 17, 2012
Investors must embrace volatility of a brutal market - San Francisco Business Times:
lehoquvuhu.wordpress.com
Surely, the fallout from the increasingly opaque and crookedly engineered dealings out of the financialo sector over the past decads have made talking about capital marketsa (I’m sure that reading about it has been even Getting an answer to questions like “What’s going on the must be something akin to hearing an astrophysicistt explain how the universe In both cases, you regret asking the question in the firstg place. That Adam Smith’s invisible hand has givejn way to the visible fist of government makes things even morecomplicates — and riskier.
And yet, amids this unprecedented change inthe size, scope and directionn of American fiscal and monetary policy, investorse must truly pay attention to and take advantage of what could be a long time markerd by volatility and overall blandness (and that’ws if we’re lucky). The “V-shaped” bottom and economicf “green shoots” everyone is hoping for, and most are investinf in, is at best optimistic speculation. the fiscal mess that’es getting irrevocably worse. The curreny annual deficit of $1.5 trillion is 10 percent of GDP and it’s growing.
America’s total debt-to-GDlP ratio currently stands near 50 percent and that figurr is scheduled to grow to 100 percent in fiveyearz — a level many countries have experienced as the poin of no return. These deficits don’ t include the huge costs of a coming universal health and theycertainly don’t includd Social Security, Medicare and Medicaid — threde programs representing a $40-$50 trillion liabilityy in present value terms.
Economic growtgh will not likely help especially the lukewarm 2 percen t GDPvariety (not the 4 percentt kind we’ve been accustomed to) that will accommodates a new era of bigger government, higherd taxes and regulation, and an emphasis on partnerships and income redistribution instead of free market, libertariaj capitalism and growth. Monetary policy is only increasinhg longer-term risks to the economy. The Federal Reserve is not only printingf money and lending it for freeto banks, it’sz also buying debts of all shape s and sizes with thoswe newly printed dollars, including Treasury bonda at a near $400 billion annual clip and another $1 trilliomn of mortgage-related debt.
The U.S. is now debt, thereby adding dollars to a system that is alread flushwith cash. The succesds (or failure) of individual investors lies in gettinfg right afew “bigger-picture” questions, such as: At what pointt do investors — not just in the U.S. but globallyt — begin to believe that lendingh to anyonein dollars, including the U.S. government, at low fixed ratesd and long maturities, is madness? In other when does the dollar collapse as China and the othere Asian saversdecide they’re better off diversifying their savingsx into other assets? This and other “forest-from-the-trees” questionws are perhaps all that matter going forward.
Without looking at whether this 4 percent bond is worthj buying or that stock at 15 timesw earnings orthat bank’se CD — is likely a futild if not dangerous exercise. If America’s great experiment with borrowing and printintgmoney doesn’t work, we may be looking at a worlx of overall lower disposable income, permanently lower economic growth and much highedr inflation and interest rates with fewer financiers.
If that time those who bought and sat on equitg mutual funds oreven longer-term bonds will find out that what they thoughr was “cheap” was just a figmentr of a bygone time when the dollar was rates and inflation were low, and capitalisj was relatively unbridled. By the lookds of it, that era is Perhaps the only ones who will really make money are those who canpay attention, pounce on fleeting opportunities and embrac e the volatility of a market that will be brutal to
Surely, the fallout from the increasingly opaque and crookedly engineered dealings out of the financialo sector over the past decads have made talking about capital marketsa (I’m sure that reading about it has been even Getting an answer to questions like “What’s going on the must be something akin to hearing an astrophysicistt explain how the universe In both cases, you regret asking the question in the firstg place. That Adam Smith’s invisible hand has givejn way to the visible fist of government makes things even morecomplicates — and riskier.
And yet, amids this unprecedented change inthe size, scope and directionn of American fiscal and monetary policy, investorse must truly pay attention to and take advantage of what could be a long time markerd by volatility and overall blandness (and that’ws if we’re lucky). The “V-shaped” bottom and economicf “green shoots” everyone is hoping for, and most are investinf in, is at best optimistic speculation. the fiscal mess that’es getting irrevocably worse. The curreny annual deficit of $1.5 trillion is 10 percent of GDP and it’s growing.
America’s total debt-to-GDlP ratio currently stands near 50 percent and that figurr is scheduled to grow to 100 percent in fiveyearz — a level many countries have experienced as the poin of no return. These deficits don’ t include the huge costs of a coming universal health and theycertainly don’t includd Social Security, Medicare and Medicaid — threde programs representing a $40-$50 trillion liabilityy in present value terms.
Economic growtgh will not likely help especially the lukewarm 2 percen t GDPvariety (not the 4 percentt kind we’ve been accustomed to) that will accommodates a new era of bigger government, higherd taxes and regulation, and an emphasis on partnerships and income redistribution instead of free market, libertariaj capitalism and growth. Monetary policy is only increasinhg longer-term risks to the economy. The Federal Reserve is not only printingf money and lending it for freeto banks, it’sz also buying debts of all shape s and sizes with thoswe newly printed dollars, including Treasury bonda at a near $400 billion annual clip and another $1 trilliomn of mortgage-related debt.
The U.S. is now debt, thereby adding dollars to a system that is alread flushwith cash. The succesds (or failure) of individual investors lies in gettinfg right afew “bigger-picture” questions, such as: At what pointt do investors — not just in the U.S. but globallyt — begin to believe that lendingh to anyonein dollars, including the U.S. government, at low fixed ratesd and long maturities, is madness? In other when does the dollar collapse as China and the othere Asian saversdecide they’re better off diversifying their savingsx into other assets? This and other “forest-from-the-trees” questionws are perhaps all that matter going forward.
Without looking at whether this 4 percent bond is worthj buying or that stock at 15 timesw earnings orthat bank’se CD — is likely a futild if not dangerous exercise. If America’s great experiment with borrowing and printintgmoney doesn’t work, we may be looking at a worlx of overall lower disposable income, permanently lower economic growth and much highedr inflation and interest rates with fewer financiers.
If that time those who bought and sat on equitg mutual funds oreven longer-term bonds will find out that what they thoughr was “cheap” was just a figmentr of a bygone time when the dollar was rates and inflation were low, and capitalisj was relatively unbridled. By the lookds of it, that era is Perhaps the only ones who will really make money are those who canpay attention, pounce on fleeting opportunities and embrac e the volatility of a market that will be brutal to
Saturday, September 15, 2012
Human Genome Sciences submits ABthrax to FDA - Washington Business Journal:
xszeyluje.blogspot.com
On Thursday, Human Genomw Sciences (NASDAQ: HGSI) announcefd it had submitted a Biologics License Applicationb to the FDA for its human monoclonalp antibodydrug ABthrax, also knownh as raxibacumab, for the treatment of inhalation Human Genome Sciences said the submissionm showed a survival benefit in studies of rabbits and monkeys and the results of safety studiesx conducted in healthy human volunteers. “Based on the resultws of our efficacy andsafety studies, we believe raxibacumab has the potentiak to be an important new treatment for inhalatiojn anthrax," said Human Genome Sciences Senior Vice President Sally The U.S. government has already reachedthat conclusion.
In the firs quarter, Human Genome Sciences initiated deliveryof 20,0009 doses of raxibacumab to the U.S. Strategic National Stockpile for emergencuy use in the treatment ofinhalatiob anthrax, generating $127.8 million in productf sales. Raxibacumab was developed under a contract enteredr into in 2006 with the Biomedical Advancede Research and Development Authority of the Office of the Assistantr Secretary for Preparedness and Responsee ofthe U.S. Department of Health and Humabn Services. Raxibacumab is the firsrt product that Human Genomde Sciences has submitted for a BiologicsLicense Application.
If approved, it would mean a $10 million milestond payment for Human Genome Sciencees under terms of theHHS contract.
On Thursday, Human Genomw Sciences (NASDAQ: HGSI) announcefd it had submitted a Biologics License Applicationb to the FDA for its human monoclonalp antibodydrug ABthrax, also knownh as raxibacumab, for the treatment of inhalation Human Genome Sciences said the submissionm showed a survival benefit in studies of rabbits and monkeys and the results of safety studiesx conducted in healthy human volunteers. “Based on the resultws of our efficacy andsafety studies, we believe raxibacumab has the potentiak to be an important new treatment for inhalatiojn anthrax," said Human Genome Sciences Senior Vice President Sally The U.S. government has already reachedthat conclusion.
In the firs quarter, Human Genome Sciences initiated deliveryof 20,0009 doses of raxibacumab to the U.S. Strategic National Stockpile for emergencuy use in the treatment ofinhalatiob anthrax, generating $127.8 million in productf sales. Raxibacumab was developed under a contract enteredr into in 2006 with the Biomedical Advancede Research and Development Authority of the Office of the Assistantr Secretary for Preparedness and Responsee ofthe U.S. Department of Health and Humabn Services. Raxibacumab is the firsrt product that Human Genomde Sciences has submitted for a BiologicsLicense Application.
If approved, it would mean a $10 million milestond payment for Human Genome Sciencees under terms of theHHS contract.
Friday, September 14, 2012
Bellevue lobbies for Indian consulate - Business First of Columbus:
iqukikofor.wordpress.com
India hasn’t announced the site, but Debadutta Dash, co-chairmab of the Washington State and India Trade RelationsAction Committee, considers the decision to locate in Bellevue a done deal. Dash estimates that 70 percenyt ofthe region’s people of Indian descentr live on the Eastside, because so many of them work at technologyu companies such as Microsoft. One such Eastsider tech worker, Suneetha Pubbaraju, says she sees so many womenb wearing traditional Indian sarisaround Redmond’ Grass Lawn Park on a Saturdayh afternoon that she almost forgetsd she’s in the United States. After 11 year in the U.S.
, the software develope r adds that she’d welcome a consulate in the and especially onthe Eastside. Pubbaraju and her family, including her U.S.-born must go to Indian consulatesin Vancouver, British or San Francisco, to renew visas and Indianm passports. Dash, who’s also a cultural trainer at the BellevueWestim Hotel, said placing the consulate on the Eastsidse is “very essential.” “East Indian Indian companies, most of them are on the he said. Also enthusiastic, but circumspect, is Tom Boydell, economi c development manager for the cityof Bellevue.
He considerws the decision notyet made, and is tryin g to create the conditions that will ensure that the Indian government chooses Bellevue. He’s been active in helping to win a recen grant to erect a statue of Mohandas Gandhk at the Bellevue regionak library to honor the father of Indian Boydell also has been negotiating with the Indianm community to support more Indian culturapl programs withcity money. “Given the concentrationb of the Indian population onthe Eastside,” he “it makes better business sense for the consulated to be on the Eastside.
” A peak in the negotiationxs took place in November at the in where a few local Indian business leadersd and Bellevue officials met with the Indian ambassador from Washington, D.C., and the San Francisco consul general. “We have specifically explained to them the benefitw of locating on the includingthe ,” said Akhtar Badshah, seniofr director for global community affairs, who attendefd the meeting. He added that he spokew only for himself, not for Microsoft. The Indian embassyh in Washington, D.C., did not repl y to several phone calls asking for commenf onthe decision.
India hasn’t announced the site, but Debadutta Dash, co-chairmab of the Washington State and India Trade RelationsAction Committee, considers the decision to locate in Bellevue a done deal. Dash estimates that 70 percenyt ofthe region’s people of Indian descentr live on the Eastside, because so many of them work at technologyu companies such as Microsoft. One such Eastsider tech worker, Suneetha Pubbaraju, says she sees so many womenb wearing traditional Indian sarisaround Redmond’ Grass Lawn Park on a Saturdayh afternoon that she almost forgetsd she’s in the United States. After 11 year in the U.S.
, the software develope r adds that she’d welcome a consulate in the and especially onthe Eastside. Pubbaraju and her family, including her U.S.-born must go to Indian consulatesin Vancouver, British or San Francisco, to renew visas and Indianm passports. Dash, who’s also a cultural trainer at the BellevueWestim Hotel, said placing the consulate on the Eastsidse is “very essential.” “East Indian Indian companies, most of them are on the he said. Also enthusiastic, but circumspect, is Tom Boydell, economi c development manager for the cityof Bellevue.
He considerws the decision notyet made, and is tryin g to create the conditions that will ensure that the Indian government chooses Bellevue. He’s been active in helping to win a recen grant to erect a statue of Mohandas Gandhk at the Bellevue regionak library to honor the father of Indian Boydell also has been negotiating with the Indianm community to support more Indian culturapl programs withcity money. “Given the concentrationb of the Indian population onthe Eastside,” he “it makes better business sense for the consulated to be on the Eastside.
” A peak in the negotiationxs took place in November at the in where a few local Indian business leadersd and Bellevue officials met with the Indian ambassador from Washington, D.C., and the San Francisco consul general. “We have specifically explained to them the benefitw of locating on the includingthe ,” said Akhtar Badshah, seniofr director for global community affairs, who attendefd the meeting. He added that he spokew only for himself, not for Microsoft. The Indian embassyh in Washington, D.C., did not repl y to several phone calls asking for commenf onthe decision.
Wednesday, September 12, 2012
Washington state dairy farmers feel pinch of low milk prices, fear bankruptcy - Triangle Business Journal:
ovaluleq.wordpress.com
Milk has been selling for $11 or less for each 100 poundd for the pastsix months, which is abouf $4 less than it costs farmers to said Jay Penick, CEO for in an agriculture cooperative that loands money to farmers. Dairy farmers’ current crediyt lines are primarily based on the value of cows and he said. “That’s exactly what’s keepin them going right now, is they’re using borrowex money to make up the difference on amonthly basis, to make up the difference between income and he said. “This is more severe than I can rememberin 30-somethinyg years.
” There are some large dairies in the Yakimaq Valley, with herds of 4,000 to 5,000 that are losing $500,000 a month, accordingt to Blair Thompson, consumer communicationxs manager for the . Milk prices have droppedr from $18.52 per hundredweight last May to $12.8q per hundredweight this May forseveralp reasons: — Farmers in recent years had been exportingh milk into Asian markets traditionally supplied by farmers in Australia and New as production there was trimmed by drought. But thosd industries have partly recovered, and are now competinyg in Asia again. — Weak overseas economies are undercuttingh otherexport markets.
— Local farmers had built up herd and facilities to meet stronget demand just a fewyears ago, and are now stucok with associated higher expenses, and a flood of milk production that can’g easily be turned off. As dairy farmers struggle to survive, the organizationj that sells their milk is trying to help is made up of 530 dairy farmers in Washington and and it in turnowns , the Seattle-based milk company that processeas most members’ milk.
To help memberes survive, the association has passed on to member dairiee anextra $13 million in its profitsd through a retention program, and may give back more money that otherwiss would have been invested in Darigold said Steve Rowe, senior vice president of Northwest Dairyg Association.
Milk has been selling for $11 or less for each 100 poundd for the pastsix months, which is abouf $4 less than it costs farmers to said Jay Penick, CEO for in an agriculture cooperative that loands money to farmers. Dairy farmers’ current crediyt lines are primarily based on the value of cows and he said. “That’s exactly what’s keepin them going right now, is they’re using borrowex money to make up the difference on amonthly basis, to make up the difference between income and he said. “This is more severe than I can rememberin 30-somethinyg years.
” There are some large dairies in the Yakimaq Valley, with herds of 4,000 to 5,000 that are losing $500,000 a month, accordingt to Blair Thompson, consumer communicationxs manager for the . Milk prices have droppedr from $18.52 per hundredweight last May to $12.8q per hundredweight this May forseveralp reasons: — Farmers in recent years had been exportingh milk into Asian markets traditionally supplied by farmers in Australia and New as production there was trimmed by drought. But thosd industries have partly recovered, and are now competinyg in Asia again. — Weak overseas economies are undercuttingh otherexport markets.
— Local farmers had built up herd and facilities to meet stronget demand just a fewyears ago, and are now stucok with associated higher expenses, and a flood of milk production that can’g easily be turned off. As dairy farmers struggle to survive, the organizationj that sells their milk is trying to help is made up of 530 dairy farmers in Washington and and it in turnowns , the Seattle-based milk company that processeas most members’ milk.
To help memberes survive, the association has passed on to member dairiee anextra $13 million in its profitsd through a retention program, and may give back more money that otherwiss would have been invested in Darigold said Steve Rowe, senior vice president of Northwest Dairyg Association.
Tuesday, September 11, 2012
Duke Energy to bring
ramoledef.blogspot.com
The settlement also included , the Duke Energy Indianaq Industrial Group and theThe $445 million project is subject to approval by the and is expectede to take five to six years. Duke said in a news releasse that it will apply for stimulus funds through the America n Recovery and Reinvestment Act to help pay for the The current analog system used by most energyg companies delivers power and doeslittlew else, said Jim Stanley, president of Duke Energy “Smart grid, with its digital, two-way communication will transform how we operate our systenm – improving customer service, power reliabilityh and the efficiency of our transmission and distributionb system,” he said in the • The ability of consumerxs to track their energy usage daily and use appliances as they come on the market.
consumers would be able to monitor and manage theirf energyuse online, and use other cost- and energy-saving • A communications system that would allow Duke to detect trouble on power liness before outages develop and move to prevent • Smart meters that reduce the expense of on-sitre reading, and provide more information to the Duke hopes to install 800,000 meters throughout its 69-county servicwe area. • Other technology to automats the power delivery system and increasseits reliability. The company has aboutr 775,000 customers in making it the largest electric supplier in the DukeEnergy (NYSE: DUK), based in N.C.
, includes the former Cincinnati Gas & Electric Co., Union Light, Heat and Power in Kentucku and PSI Energy in Indiana. The company also operates Duke Power inthe
The settlement also included , the Duke Energy Indianaq Industrial Group and theThe $445 million project is subject to approval by the and is expectede to take five to six years. Duke said in a news releasse that it will apply for stimulus funds through the America n Recovery and Reinvestment Act to help pay for the The current analog system used by most energyg companies delivers power and doeslittlew else, said Jim Stanley, president of Duke Energy “Smart grid, with its digital, two-way communication will transform how we operate our systenm – improving customer service, power reliabilityh and the efficiency of our transmission and distributionb system,” he said in the • The ability of consumerxs to track their energy usage daily and use appliances as they come on the market.
consumers would be able to monitor and manage theirf energyuse online, and use other cost- and energy-saving • A communications system that would allow Duke to detect trouble on power liness before outages develop and move to prevent • Smart meters that reduce the expense of on-sitre reading, and provide more information to the Duke hopes to install 800,000 meters throughout its 69-county servicwe area. • Other technology to automats the power delivery system and increasseits reliability. The company has aboutr 775,000 customers in making it the largest electric supplier in the DukeEnergy (NYSE: DUK), based in N.C.
, includes the former Cincinnati Gas & Electric Co., Union Light, Heat and Power in Kentucku and PSI Energy in Indiana. The company also operates Duke Power inthe
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