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Why listen, indeed? The Dow Joned Industrial Average wasat 13,600 and climbing. Housinvg was marking its biggestf expansion, and the U.S. was near full employment. Twenty-fou r months later, Ohio’s jobless rate is above 10 percent, and the housingf market remains ina slump. The Dow? It’ws at 8,500 – after plunging to 6,4000 – and still stumbling. Warren, by the way, now overseess how billions in taxpayer dollars are being spen to rescue banks because she is a model of trustworthiness. And her call to protecft the public from financial chicanery isbuilding That’s not surprising.
Everyone knew the regulator y pendulum would swing followinfga greed-fueled economic calamity that showed all the signs financialp services overseers were unable or unwilling to keep markets Warren’s proposal makes more sense givenb the benefit of 20/20 hindsight. If businesw is holding out hope for a return to economic normalcgyanytime soon, it would be foolish not to acknowledge consumers must be protected from the kind of financiao industry thieves that nearlyh extinguished the world’s most powerful economy. Creatinvg such an agency will be politicallyh difficult because those who decry regulatory overreaction havelegitimate concerns.
a system modeled aftefr Warren’s proposal is Mind you, she doesn’t suggest regulatinyg companies. Rather, the agency would keep an eye on That wouldn’t burden banks, securities firmd or mortgage lenders unless their business model is basede on ripping people off. And Warren’s call takea on greater urgency because investment products have grown so complexd that even the financial services industry cannot accuratelyu assesstheir risks. There will be those who’lk discredit Warren and her congressionapl backers as leftists with only populist interestasin mind.
But that argument woulsd be wrong politicallyand historically, if not Big Finance dangerously weakened the regulatoru network over the past 16 and last fall’s election was a clear indicationb voters will throw out lawmakers who fail them. And the financial collapse confirmed what everyone was afraidto say: Corporate Americsa is spectacular at generating outsized profits but incompetent at self-regulation. Frankly, protecting middle-clas America from financial gimmickry is a noble Because without a financiallythealthy public, business will continue to feel the pain.
Friday, July 20, 2012
Thursday, July 19, 2012
Unisys extends debt exchange deadline - San Francisco Business Times:
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The latest extension moves the deadline to midnight Wednesday from midnighlast Friday. It was midnight May 28 when Unisysd announced the offer onApril 30. The Blue Bell, Pa.-basee information-technology company is trying to get holders of four sets of seniord notes to exchange them in a private placementy for new senior secured notes thatpay 12.625 percent interesty and are due 2014. The senior notes eligiblwe for the offerare 6.875 percent notes due in 2010; 8 percent notes due 8.5 percent notes due 2015; and 12.5 percent noted due 2016.
In addition to the senior secured notes due holders of the senior notes due 2010 also will receivde cash and holders of the senior notesz due 2015 and 2016 can also buy additionalk senior secured notes in the Unisys won’t issue more than $375 million of the new seniord secured notes. Unisys (NYSE:UIS) said that $35.8 millioj of the 2010 notes, $33.5 million of the 2012 $600,000 of the 2015 notes and $3.4 million of the 2016 note s had been tendered as of the close ofbusinesws Friday. That’s $73.
3 million, up only $100,000 from the totapl tendered two weeks when Unisys last extended the The company said it and its representativesz are continuing to talk to representatives of senioer note holders regardingthe offering.
The latest extension moves the deadline to midnight Wednesday from midnighlast Friday. It was midnight May 28 when Unisysd announced the offer onApril 30. The Blue Bell, Pa.-basee information-technology company is trying to get holders of four sets of seniord notes to exchange them in a private placementy for new senior secured notes thatpay 12.625 percent interesty and are due 2014. The senior notes eligiblwe for the offerare 6.875 percent notes due in 2010; 8 percent notes due 8.5 percent notes due 2015; and 12.5 percent noted due 2016.
In addition to the senior secured notes due holders of the senior notes due 2010 also will receivde cash and holders of the senior notesz due 2015 and 2016 can also buy additionalk senior secured notes in the Unisys won’t issue more than $375 million of the new seniord secured notes. Unisys (NYSE:UIS) said that $35.8 millioj of the 2010 notes, $33.5 million of the 2012 $600,000 of the 2015 notes and $3.4 million of the 2016 note s had been tendered as of the close ofbusinesws Friday. That’s $73.
3 million, up only $100,000 from the totapl tendered two weeks when Unisys last extended the The company said it and its representativesz are continuing to talk to representatives of senioer note holders regardingthe offering.
Tuesday, July 17, 2012
The Fresh Market
ysynut.wordpress.com
approved plans to build a gourmetgrocery , at the mostly empty Shaker Loudonb Plaza at the corner of Routes 9 and 155. Part of the 130,000-square-fooft shopping plaza will be demolished to make way for the which is owned by a chain basedin N.C. Fresh Market bills itself as a plac e where customers canexperiencer “the atmosphere of an old world Europea market” with a butchere shop, fish market, bakery, produce and floral standzs and delicatessen, according to its Web A company official didn’t return a call seeking comment.
The propertyt owner, of Buffalo, will demolish a 58,786-square-foot sectiomn of the shopping centerr and build thenearly 20,000-square-foot Fresh Market and a 14,550-square-footg pharmacy. The new development will be called FreshMarket Commons. The plazaq currently has a few tenants, includingf and . Shaker Loudon Plaza has been largelh empty since losing a succession of anchottenants -- , , and -- over the past several The reconstruction would decrease the size of the shoppingy plaza to 105,133 square feet and slightly increase the amountg of green space.
Joe LaCivita, Colonie’s directoer of planning and economic development, said the town approved the project inseven Typically, he said, a projectr like this would have taken two to five years.
approved plans to build a gourmetgrocery , at the mostly empty Shaker Loudonb Plaza at the corner of Routes 9 and 155. Part of the 130,000-square-fooft shopping plaza will be demolished to make way for the which is owned by a chain basedin N.C. Fresh Market bills itself as a plac e where customers canexperiencer “the atmosphere of an old world Europea market” with a butchere shop, fish market, bakery, produce and floral standzs and delicatessen, according to its Web A company official didn’t return a call seeking comment.
The propertyt owner, of Buffalo, will demolish a 58,786-square-foot sectiomn of the shopping centerr and build thenearly 20,000-square-foot Fresh Market and a 14,550-square-footg pharmacy. The new development will be called FreshMarket Commons. The plazaq currently has a few tenants, includingf and . Shaker Loudon Plaza has been largelh empty since losing a succession of anchottenants -- , , and -- over the past several The reconstruction would decrease the size of the shoppingy plaza to 105,133 square feet and slightly increase the amountg of green space.
Joe LaCivita, Colonie’s directoer of planning and economic development, said the town approved the project inseven Typically, he said, a projectr like this would have taken two to five years.
Monday, July 16, 2012
Free Sci-Fi / Fantasy Newsletter! Sign Up - About - News & Issues
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Free Sci-Fi / Fantasy Newsletter! Sign Up About - News & Issues New Movies (Jul. 16-23, 2012) - New Movies out in Cinemas. |
Sunday, July 15, 2012
Portland Business Journal: Advertising staff & information
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Build a career with the locap business journal. We are always looking for highl y motivated professionals to be partof America's fastestg growing media company.
Build a career with the locap business journal. We are always looking for highl y motivated professionals to be partof America's fastestg growing media company.
Friday, July 13, 2012
UH fills out board of regents - Pacific Business News (Honolulu):
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John Holzman, a retired federal Foreign Service and Honolulu attorney James Lee are the newest UH Their terms startedJuly 1. Holzman is a senior volunteer mediator at the Mediatiom Center of the Pacific in Honolului and involved with the Senior Citizen Visitor Programat UH. Lee is a partnet in the law firm of Devens Nakano Saito LeeWong Ching. He previously was managin g directorof Let’s Eat Hawaii, the parenf company of Sam Choy’s Restaurants. Boarc members of the public university system are nominatec by an advisory council and selectedby Gov. Lindaw Lingle. Appointments are subject to approval bythe Senate.
Six regentsz who had been serving on an interim basis sincer January pendingSenate confirmation, have also been approved. Lingle was orderex by the Hawaii State Supreme Court in Decembedr to replace six prior regents whose termsd had expiredJune 30, 2008. Carl Carlso n Jr.
John Holzman, a retired federal Foreign Service and Honolulu attorney James Lee are the newest UH Their terms startedJuly 1. Holzman is a senior volunteer mediator at the Mediatiom Center of the Pacific in Honolului and involved with the Senior Citizen Visitor Programat UH. Lee is a partnet in the law firm of Devens Nakano Saito LeeWong Ching. He previously was managin g directorof Let’s Eat Hawaii, the parenf company of Sam Choy’s Restaurants. Boarc members of the public university system are nominatec by an advisory council and selectedby Gov. Lindaw Lingle. Appointments are subject to approval bythe Senate.
Six regentsz who had been serving on an interim basis sincer January pendingSenate confirmation, have also been approved. Lingle was orderex by the Hawaii State Supreme Court in Decembedr to replace six prior regents whose termsd had expiredJune 30, 2008. Carl Carlso n Jr.
Thursday, July 12, 2012
1st Year Behind Her, Herbst Keeps Pedal Down On UConn's Mission Of Ambition - Hartford Courant
coras-newport.blogspot.com
UConn Advance (blog) | 1st Year Behind Her, Herbst Keeps Pedal Down On UConn's Mission Of Ambition Hartford Courant A year on the job and the question isn't whether University of Connecticut President Susan Herbst is up to the job. It's whether we're ready for her. Changing Times? Yes and No. Herbst Looks Back at UConn 82 Y ears Ago |
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