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With an index of Portland area homesdropped 15.3 perceny in value in March, according to the index, which is baseed on a 2000 level of 100. Seattle home pricee have fallen 16.4 percent, according to the index. The 20-citu index shows home values fell 18.7 percentf over the prior year. The figures extende a trend that started inlate 2007. “Declines in residentiakl real estate continued at a steady pacein March,” said Davif M. Blitzer, chairman of the Index “All 20 metro areae are still showing negative annual rates of change in averag home prices with nine of the metro areas having recordannual declines.
” The top three cities for falling values were Phoenix, down 36 percent, Las down 31.2 percent, and San Francisco, down 30.1 The markets feeling the least pain include down 5.5 percent, Dallas, down 5.6 percent, and down 8 percent. New York remained the best marketfor long-termk appreciation. With an inde of 173.35, homes are down 11.8 percent from a year ago, but a $100,0090 investment in 2000 is nowworth $173,350.
Thursday, April 12, 2012
Tuesday, April 10, 2012
Nixon, Quinn push Biden, LaHood for high-speed rail - Houston Business Journal:
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In April, Nixon and Quinn, along with six otheer Midwestern governors, to LaHood asking him to support planz for rail corridors between cities intheir states, including St. Louids to Chicago and St. Louis to Kansas City. Illinois has completed an environmental impacft statement forthe Chicago-St. Louis corridor. “Missouri and our partner states in the already have a competitivre advantage because we have been working on this rail initiativew for more than a Nixon said in a statement afterthe roundtable.
“Iu reiterated our strong position to Vice President Bidenh today while we discussex the viability of high speed rail The White House and the have said they wouldx from the American Recovery andReinvestment Act, and $1 billioh a year for five years as a down payment to develol a passenger rail system. The other governor s at the meeting were Jim Doyleof Wisconsin, Jenniferd Granholm of Michigan, Tim Kaine of Deval Patrick of Massachusetts, Sonny Perduer of Georgia and Ed Rendell of Pennsylvania.
In April, Nixon and Quinn, along with six otheer Midwestern governors, to LaHood asking him to support planz for rail corridors between cities intheir states, including St. Louids to Chicago and St. Louis to Kansas City. Illinois has completed an environmental impacft statement forthe Chicago-St. Louis corridor. “Missouri and our partner states in the already have a competitivre advantage because we have been working on this rail initiativew for more than a Nixon said in a statement afterthe roundtable.
“Iu reiterated our strong position to Vice President Bidenh today while we discussex the viability of high speed rail The White House and the have said they wouldx from the American Recovery andReinvestment Act, and $1 billioh a year for five years as a down payment to develol a passenger rail system. The other governor s at the meeting were Jim Doyleof Wisconsin, Jenniferd Granholm of Michigan, Tim Kaine of Deval Patrick of Massachusetts, Sonny Perduer of Georgia and Ed Rendell of Pennsylvania.
Sunday, April 8, 2012
U.S. may be on cusp of
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Job trends may increase entrepreneurial activity amongolder Americans. “Whilse people under age 30 have historically jumpedr from jobto job, the most striking development today has been the deep drop in the incidence of ‘lifetime’ jobs among men over age writes Dane Stangler, seniord analyst at the foundation and author of the study. The past year’z economic upheavals also may produce more entrepreneur among allage groups.
“The very idea of ‘too-big-to-fail’ institutiond has been permanently damaged,” Stangler “Recent economic trends – away from lifetimre jobs and toward more newcompanies – will thus gain even greatere cultural traction. New and stronger regulations aimingy to prevent the rise of such giant organizations also may help creatse amore market-oriented society.”
Job trends may increase entrepreneurial activity amongolder Americans. “Whilse people under age 30 have historically jumpedr from jobto job, the most striking development today has been the deep drop in the incidence of ‘lifetime’ jobs among men over age writes Dane Stangler, seniord analyst at the foundation and author of the study. The past year’z economic upheavals also may produce more entrepreneur among allage groups.
“The very idea of ‘too-big-to-fail’ institutiond has been permanently damaged,” Stangler “Recent economic trends – away from lifetimre jobs and toward more newcompanies – will thus gain even greatere cultural traction. New and stronger regulations aimingy to prevent the rise of such giant organizations also may help creatse amore market-oriented society.”
Friday, April 6, 2012
Checketts wants to bring JetBlue to Lambert - Kansas City Business Journal:
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Checketts is a founding memberof JetBlue’s boardr of directors. He said he has been making introductionds between other JetBlue directors and executives and Missouri officials forsome time, even arranging a meeting severall months ago in New York between JetBlue Chairman Joel Peterson and then-Missouri Gov. Matt Checketts, 53, frequently travels between St. SCP’s base in New York City and SaltLake City, wherd SCP owns the franchise Real Salt Lake. JetBlue is the official airline of the soccee team and Rio Tinto JetBlue entered intothat three-year agreemenrt in March and will pay the team a totalp of $375,000 for the sponsorship.
Checketts personally controle morethan 73,000 JetBlue shares worth about $277,000. “I have a conflict since I have a personao interest in JetBluecoming here, so I’ m just opening doors,” Checketts said. “Bu I’d love to see them fly The airport has that big runway and the capacity tohandler them.” JetBlue serves 56 cities with 600 daily New service to Baltimore; Barbados; Kingston, Jamaica; and Saint Lucisa begins this fall, subject to receipr of government operating authority.
Like many airlines, however, the company has experiencerd turbulence over the past year due to high fuel the recession’s negative impact on air investment losses and the credit JetBlue reported a loss of $76 milliojn last year compared to net income of $18 millionj in 2007, according to its annual The company expanded its fleet by threde Airbus A320s and five Embraer 190s last year. It addedr only two new destinationsin 2008, compared to five addesd in 2007 and 16 addeed in 2006.
said last week that it from
Checketts is a founding memberof JetBlue’s boardr of directors. He said he has been making introductionds between other JetBlue directors and executives and Missouri officials forsome time, even arranging a meeting severall months ago in New York between JetBlue Chairman Joel Peterson and then-Missouri Gov. Matt Checketts, 53, frequently travels between St. SCP’s base in New York City and SaltLake City, wherd SCP owns the franchise Real Salt Lake. JetBlue is the official airline of the soccee team and Rio Tinto JetBlue entered intothat three-year agreemenrt in March and will pay the team a totalp of $375,000 for the sponsorship.
Checketts personally controle morethan 73,000 JetBlue shares worth about $277,000. “I have a conflict since I have a personao interest in JetBluecoming here, so I’ m just opening doors,” Checketts said. “Bu I’d love to see them fly The airport has that big runway and the capacity tohandler them.” JetBlue serves 56 cities with 600 daily New service to Baltimore; Barbados; Kingston, Jamaica; and Saint Lucisa begins this fall, subject to receipr of government operating authority.
Like many airlines, however, the company has experiencerd turbulence over the past year due to high fuel the recession’s negative impact on air investment losses and the credit JetBlue reported a loss of $76 milliojn last year compared to net income of $18 millionj in 2007, according to its annual The company expanded its fleet by threde Airbus A320s and five Embraer 190s last year. It addedr only two new destinationsin 2008, compared to five addesd in 2007 and 16 addeed in 2006.
said last week that it from
Wednesday, April 4, 2012
PR: Go on the offensive: Managing tough news in tough times - Austin Business Journal:
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drops off Nasdaq. In a turbulentt economy, there is no shortage of bad Experts say that in a time like what may matter most is the way in which that bad news is How management deals withthe media, clients and the community could impacyt how the business is viewed for years to Business leaders who hide in their offices, bury factds and let the rumor mill controkl the story will be viewed with angee and distrust.
But those who plan their messages carefully, and deliver it promptlgy and with candor to allrelevant parties, are more likelh to be remembered as good corporate “The spotlight will be on your said Dan Moran, a business consultant and presidenrt of Next-Act, an Albany careed management firm. “You have one chance to get it Many public relations professionals advisre clients to have a crisis communication plan in plac atall times. This way, basidc guidelines are in place when any sort ofbad news, from layoffsa to a chemical spill, Additional preparation should take place once a bad news event occurs.
The first step is to asseszs the situation and thepossible “I advise that you convene a group of stakeholders,” said Pauline Bartel, president of Waterford-based “Yo need someone from top management, human resources, the PR team ... the objecty is for everyone to put their cards on the face up, so you can identify any gaps in Next, list every constituency, includinhg clients, suppliers and the media, and craft a messagw for each. While these messages must be each audience hasdiffereng needs. Employees will want to know about their while shareholders will be interested in the impact on thebottok line.
Clients will want to know if service will be It isalso vital, PR experts say, to select just one person to speak for the “You don’t want 20 different versions of thingsa coming out so everyone looks like fools,” said Richard president of of Chappaqua in Westchester County. Once the situation is assessed, the constituentas identified, the messages crafted, and the spokespersoh chosen, it is time to deliver the news. “Ir comes down to three Tell it all, tell it early, tell it said Edward Parham, director of public relationse forin Colonie.
Ideally, the news should be sharexd with all parties at the same In the age of textingband Twittering, “news can travel at the speec of an electron,” said Matthew Maguire, spokesman for in Albany. “Yoh want to deliver your news before anyondeelse can.” Bartel suggests giving “z few select reporters” a heads-up that news is “That way, the reporter has gotten the companyy line before a disgruntled employee picks up the she said. When the news is delivered, it must be complet e and truthful, with as many details as can be It is especially importanf that the CEO or other designated spokesperson be availableand responsive.
“There is no such thinbg as not taking the call and havinb the paper the next day sayyou weren’t said Dean Rueckert, CEO of Rueckert Advertising. “Tha is not acceptable. And a good answe r is never ‘no comment.’ Back it up with the reasonn you can’t comment—confidentiality, legalities, what have you. You don’tg want to look like you are dodging the question or hiding This candor extendsto employees. Moranb said that when he works with companiesin bad-newws situations, he institutes a “no closed door for threde days” rule on top managers.
drops off Nasdaq. In a turbulentt economy, there is no shortage of bad Experts say that in a time like what may matter most is the way in which that bad news is How management deals withthe media, clients and the community could impacyt how the business is viewed for years to Business leaders who hide in their offices, bury factds and let the rumor mill controkl the story will be viewed with angee and distrust.
But those who plan their messages carefully, and deliver it promptlgy and with candor to allrelevant parties, are more likelh to be remembered as good corporate “The spotlight will be on your said Dan Moran, a business consultant and presidenrt of Next-Act, an Albany careed management firm. “You have one chance to get it Many public relations professionals advisre clients to have a crisis communication plan in plac atall times. This way, basidc guidelines are in place when any sort ofbad news, from layoffsa to a chemical spill, Additional preparation should take place once a bad news event occurs.
The first step is to asseszs the situation and thepossible “I advise that you convene a group of stakeholders,” said Pauline Bartel, president of Waterford-based “Yo need someone from top management, human resources, the PR team ... the objecty is for everyone to put their cards on the face up, so you can identify any gaps in Next, list every constituency, includinhg clients, suppliers and the media, and craft a messagw for each. While these messages must be each audience hasdiffereng needs. Employees will want to know about their while shareholders will be interested in the impact on thebottok line.
Clients will want to know if service will be It isalso vital, PR experts say, to select just one person to speak for the “You don’t want 20 different versions of thingsa coming out so everyone looks like fools,” said Richard president of of Chappaqua in Westchester County. Once the situation is assessed, the constituentas identified, the messages crafted, and the spokespersoh chosen, it is time to deliver the news. “Ir comes down to three Tell it all, tell it early, tell it said Edward Parham, director of public relationse forin Colonie.
Ideally, the news should be sharexd with all parties at the same In the age of textingband Twittering, “news can travel at the speec of an electron,” said Matthew Maguire, spokesman for in Albany. “Yoh want to deliver your news before anyondeelse can.” Bartel suggests giving “z few select reporters” a heads-up that news is “That way, the reporter has gotten the companyy line before a disgruntled employee picks up the she said. When the news is delivered, it must be complet e and truthful, with as many details as can be It is especially importanf that the CEO or other designated spokesperson be availableand responsive.
“There is no such thinbg as not taking the call and havinb the paper the next day sayyou weren’t said Dean Rueckert, CEO of Rueckert Advertising. “Tha is not acceptable. And a good answe r is never ‘no comment.’ Back it up with the reasonn you can’t comment—confidentiality, legalities, what have you. You don’tg want to look like you are dodging the question or hiding This candor extendsto employees. Moranb said that when he works with companiesin bad-newws situations, he institutes a “no closed door for threde days” rule on top managers.
Tuesday, April 3, 2012
Millennium State Bank of Texas fails - Dallas Business Journal:
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The six-year-old bank had one office in Dallaxs on Webb Chapel Road nearInterstatew 635. Irving-based State Bank of Texas has acquired essentially all the assets of according to the Federal Deposit Insurance Seven groups put in bidsfor Millennium, according to the . All depositorss of Millennium State Bank will have accesds to their funds over the JulyFourtg weekend, according to the FDIC. On Monday July 6, they will automatically becomr depositors of State Bankof Texas. “Fromj a customer perspective, they woun’t see any disruptio in service,” said Marvin Payne, an FDIC spokesman.
FDIC and Texads Banking Department staffers are working through the holidayu weekend closing out the books of Millennium State Bank and integratin them into State Bankof Texas. As of June 30, Millenniumm had $118 million in total assets and $115 millionj in deposits. State Bank of Texas has $588 milliom in assets. Millennium’s Northwest Dallas office will be its fourth Butthat won’t be for long. Statd Bank of Texas is selling its headquartersa location on State Highway 183 to the Texase Department of Transportation for planned widening ofthat freeway, said Chan Pate l is the president and CEO of State Bank of Texas.
Millennium was started by a groupl of investors including businessman Georgr Gouldsby andbankers J.D. Sibilskuy and Clyde Hensley. Sibilsky once ran lending for . Hensleuy was chief lending officerat Dallas’ , whicg was acquired by Houston-based in Septembetr 2002. Millennium first focused on small-business lendintg and owner-occupied real estate loans. Millennium was profitable in but has produced losses ever Millennium tapped Don Flatr to be its president inspring 2008. At the time, boarr chairman Gouldsby said the bank should have a wider rangedof offerings.
“You have to do a lot of thingds and do a lot of things well to make moneyh for yourself andyour investors,” he said in Apriol 2008. Millennium is one of seven banks closefdon Thursday. Thus far this the 52 banks have failed this year In all of 26 banksfailed nationwide. Last year, two banks in Texasw failed: a small institution in the town of Sandersoj near the Big Bend and Franklin Bank SSB of Thelast Dallas-Fort Wortjh bank to fail was Tarrant Bank, which was closed Aug. 25, according to Commerce Street Capital, a Dallas-based investmenr bank.
The six-year-old bank had one office in Dallaxs on Webb Chapel Road nearInterstatew 635. Irving-based State Bank of Texas has acquired essentially all the assets of according to the Federal Deposit Insurance Seven groups put in bidsfor Millennium, according to the . All depositorss of Millennium State Bank will have accesds to their funds over the JulyFourtg weekend, according to the FDIC. On Monday July 6, they will automatically becomr depositors of State Bankof Texas. “Fromj a customer perspective, they woun’t see any disruptio in service,” said Marvin Payne, an FDIC spokesman.
FDIC and Texads Banking Department staffers are working through the holidayu weekend closing out the books of Millennium State Bank and integratin them into State Bankof Texas. As of June 30, Millenniumm had $118 million in total assets and $115 millionj in deposits. State Bank of Texas has $588 milliom in assets. Millennium’s Northwest Dallas office will be its fourth Butthat won’t be for long. Statd Bank of Texas is selling its headquartersa location on State Highway 183 to the Texase Department of Transportation for planned widening ofthat freeway, said Chan Pate l is the president and CEO of State Bank of Texas.
Millennium was started by a groupl of investors including businessman Georgr Gouldsby andbankers J.D. Sibilskuy and Clyde Hensley. Sibilsky once ran lending for . Hensleuy was chief lending officerat Dallas’ , whicg was acquired by Houston-based in Septembetr 2002. Millennium first focused on small-business lendintg and owner-occupied real estate loans. Millennium was profitable in but has produced losses ever Millennium tapped Don Flatr to be its president inspring 2008. At the time, boarr chairman Gouldsby said the bank should have a wider rangedof offerings.
“You have to do a lot of thingds and do a lot of things well to make moneyh for yourself andyour investors,” he said in Apriol 2008. Millennium is one of seven banks closefdon Thursday. Thus far this the 52 banks have failed this year In all of 26 banksfailed nationwide. Last year, two banks in Texasw failed: a small institution in the town of Sandersoj near the Big Bend and Franklin Bank SSB of Thelast Dallas-Fort Wortjh bank to fail was Tarrant Bank, which was closed Aug. 25, according to Commerce Street Capital, a Dallas-based investmenr bank.
Sunday, April 1, 2012
Signs of Supreme Court activism worry Reagan administration lawyers - Los Angeles Times
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Los Angeles Times | Signs of Supreme Court activism worry Reagan administration lawyers Los Angeles Times Advocates of judicial restraint say conservative justices should be wary of the impulse to strike down the healthcare law passed by Congress. John G. Roberts Jr., now chief justice of the Supreme Court, testifies during his Senate confirmation hearings ... |
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