PM Update: Temperatures shoot up tonight, rain increases; breezy, colder ... Washington Post (blog) By Jason Samenow We're no stranger to volatile weather on January 26. But this year's volatile weather, unlike last year, is more characteristic of spring than winter. Temperature spike to near 60 degrees overnight as showers increase in coverage and ... |
Gothamist | Sources: Greg Kelly Has "Flirtatious" Texts To Prove Sex Was Consensual Gothamist Kelly has denied the » |
Wednesday, January 25, 2012
Federal Home Loan Bank of Seattle back in compliance - Puget Sound Business Journal (Seattle):
http://assurednotaryservices.com/form_joinus.htm
In a recent letter to its 380 memberd banks andcredit unions, chief executive Richard Riccobonoo said that as of Jan. 31, the bank was in compliancde withits risk-based capital requirement — one crucial measurd of a bank’s health. The bank had faced a deficiency ofabout $178 million at the end of Decemberd and is now in compliance by about $149.7 million, according to an initial financial announcement in anticipatio of the bank’s annual reporrt to be released by March 31. Membert financial institutions of the Home Loan Bank system borroqw funds from the system to lend to Asof Sept. 30, 2008, the Seattle bank had $46.
3 billion in advances outstanding to member The root of the HomeLoan Bank’s capital troubles stem from its investments in mortgage-backed which had dropped in valued as a result of the financial turmoil. Riccobonoi warned in his letter thatthe bank’s risk-based capitakl “will continue to fluctuate while current markety conditions persist.”
In a recent letter to its 380 memberd banks andcredit unions, chief executive Richard Riccobonoo said that as of Jan. 31, the bank was in compliancde withits risk-based capital requirement — one crucial measurd of a bank’s health. The bank had faced a deficiency ofabout $178 million at the end of Decemberd and is now in compliance by about $149.7 million, according to an initial financial announcement in anticipatio of the bank’s annual reporrt to be released by March 31. Membert financial institutions of the Home Loan Bank system borroqw funds from the system to lend to Asof Sept. 30, 2008, the Seattle bank had $46.
3 billion in advances outstanding to member The root of the HomeLoan Bank’s capital troubles stem from its investments in mortgage-backed which had dropped in valued as a result of the financial turmoil. Riccobonoi warned in his letter thatthe bank’s risk-based capitakl “will continue to fluctuate while current markety conditions persist.”
Monday, January 23, 2012
Bounty hunter fears he prompted suicide of 'Speed Freak Killer' - Los Angeles Times
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Bounty hunter fears he prompted suicide of 'Speed Freak Killer' Los Angeles Times When a Sacramento-area bounty hunter heard about the suicide of paroled killer Loren Herzog on Tuesday morning, he thought maybe he had caused it. Leonard Padilla has been working with the family of Cyndi Vanderheiden, and other families of alleged ... |
Friday, January 20, 2012
Bay Area names top stimulus priorities - Minneapolis / St. Paul Business Journal:
yfimuna.wordpress.com
Projects ranked among the highestg in the plan cover a wide rangse of proposalsincluding high-speed rail extending the BART line to San Jose and boringt another roadway in the East Bay’s Caldecott Together, the highest-priority projects are seeking more than $7 billion in stimulusw money. The priority list also include a new stem cell research facilitu at the inMarinn County, energy efficiency and solar retrofits of publiv and other buildings in San San Francisco and Oakland; energy conversions to LED transit-oriented development projects and workforce training and placemengt for laid-off employees.
“This plan is designe d to maximizeour region’s shars of federal stimulus funding and other state supporyt that will benefit the Bay Area in both the near and said Sean Randolph, CEO of the , which was chargerd with compiling the list. The top 85 projectsd were classifiedas “strategic” priorities for the Bay Another 72 projects were considered “significant” but given a slightl lower ranking because they did not have the scalw or regional impact of the most highlhy ranked suggestions.
Those projects include thingx like a desalination project in the Montara Watedr andSanitary District, buildingt a clean technology demonstration manufacturing center in San Jose and outfittinh Burlingame city buildings with solar The plan, which can be founde online at www.bayareaeconomy.org/recovery, was the culmination of a three-month vettinhg process. The report was sent to the . That statr agency, which requested that other metropolitanj regions around the state submigtsimilar plans, will now take all those plansx and help coordinate with citie and counties to lobby the federal governmenty on behalf of certain projects.
“Thizs is to get people on the same page to minimizse the food fight where you have part of the state compete againstone another,” said Dale head of the California Businesws Transportation and Housing Agency. “What we’re doing is actinyg as a facilitator to help identifthe best” projects. The list’s authors said they hopedx that ranking projects would help the region get morestimulus “The Bay Area is the only regio in California that actuallyg attempted to prioritize,” Randolph “We think that’s We think that will make us more successful in gettintg attention, in getting those resources for thoses very high value projects.
” Projects on the Economic Institute’es wish list could be in for a big About $30 billion in federal stimulus money will be divviee up in Sacramento beforse going to various regions around California. Another $20 billion is expecteds to be distributed directly in the state by federao officials on adiscretionary basis. The chancee to get dollars from the federal stimulus program led to a flurrtof proposals. Bay Area authorities sifte d through almost570 suggestions. To make the cut, projects were supposed to spur job have regional impact and align with state programseand priorities, among other criteria.
The Economicd Institute called upon local experts in specific fields to judged proposals that fit at least one ofseven categories: transportation, water, energy/climate, workforce training and business development, science and innovation or housing. The vast majority of projects that made it to theEconomic Institute’s short list were from government agencies. A rang e of companies sought federal stimulus, too, saying that theit service would help boost the broader For example, a Berkeley-based firm callex Picture it Sold sought stimulus money to franchisr its home-staging business.
“We’re ready to move aheadc with thisplan immediately,” the compangy wrote in its “and we’ll help thousands of families and the wholed economy to recover.” The company’s idea did not make the Economivc Institute’s highest priority cut. But an appendix to the Economic Institute’s wish list includes every proposalit
Projects ranked among the highestg in the plan cover a wide rangse of proposalsincluding high-speed rail extending the BART line to San Jose and boringt another roadway in the East Bay’s Caldecott Together, the highest-priority projects are seeking more than $7 billion in stimulusw money. The priority list also include a new stem cell research facilitu at the inMarinn County, energy efficiency and solar retrofits of publiv and other buildings in San San Francisco and Oakland; energy conversions to LED transit-oriented development projects and workforce training and placemengt for laid-off employees.
“This plan is designe d to maximizeour region’s shars of federal stimulus funding and other state supporyt that will benefit the Bay Area in both the near and said Sean Randolph, CEO of the , which was chargerd with compiling the list. The top 85 projectsd were classifiedas “strategic” priorities for the Bay Another 72 projects were considered “significant” but given a slightl lower ranking because they did not have the scalw or regional impact of the most highlhy ranked suggestions.
Those projects include thingx like a desalination project in the Montara Watedr andSanitary District, buildingt a clean technology demonstration manufacturing center in San Jose and outfittinh Burlingame city buildings with solar The plan, which can be founde online at www.bayareaeconomy.org/recovery, was the culmination of a three-month vettinhg process. The report was sent to the . That statr agency, which requested that other metropolitanj regions around the state submigtsimilar plans, will now take all those plansx and help coordinate with citie and counties to lobby the federal governmenty on behalf of certain projects.
“Thizs is to get people on the same page to minimizse the food fight where you have part of the state compete againstone another,” said Dale head of the California Businesws Transportation and Housing Agency. “What we’re doing is actinyg as a facilitator to help identifthe best” projects. The list’s authors said they hopedx that ranking projects would help the region get morestimulus “The Bay Area is the only regio in California that actuallyg attempted to prioritize,” Randolph “We think that’s We think that will make us more successful in gettintg attention, in getting those resources for thoses very high value projects.
” Projects on the Economic Institute’es wish list could be in for a big About $30 billion in federal stimulus money will be divviee up in Sacramento beforse going to various regions around California. Another $20 billion is expecteds to be distributed directly in the state by federao officials on adiscretionary basis. The chancee to get dollars from the federal stimulus program led to a flurrtof proposals. Bay Area authorities sifte d through almost570 suggestions. To make the cut, projects were supposed to spur job have regional impact and align with state programseand priorities, among other criteria.
The Economicd Institute called upon local experts in specific fields to judged proposals that fit at least one ofseven categories: transportation, water, energy/climate, workforce training and business development, science and innovation or housing. The vast majority of projects that made it to theEconomic Institute’s short list were from government agencies. A rang e of companies sought federal stimulus, too, saying that theit service would help boost the broader For example, a Berkeley-based firm callex Picture it Sold sought stimulus money to franchisr its home-staging business.
“We’re ready to move aheadc with thisplan immediately,” the compangy wrote in its “and we’ll help thousands of families and the wholed economy to recover.” The company’s idea did not make the Economivc Institute’s highest priority cut. But an appendix to the Economic Institute’s wish list includes every proposalit
Wednesday, January 18, 2012
EnerJex completes $50M credit facility - Kansas City Business Journal:
amesit.wordpress.com
million of outstanding 10 percent seniorsecurede debentures, pay $2 million in debt to , repay abouyt $1 million in promissory notes connected to the company'sw purchase of the DD Energy pay fees and expensesa for the new facilityh and expand current development projects, including completion of 31 new oil wellxs drilled since May. The companh said it will use future borrowings mainly for the development and exploration of oil andgas properties, capitall expenditures and general corporate purposes. EnerJe x also said its 1-for-5 reverse stocmk split approved by shareholderes May 27 will be effectivde on or aboutJuly 25.
The split will combinee each five shares of commonj stock and reclassify it into one share ofcommo stock, reducing the number of shares outstanding to abourt 4.4 million from about 22.2 The company said it also has entered into a "costlesas collar" with on 130 barrels of oil a day with a pric floor of $132.50 a barrel and a ceiling pricre of $155.70 a barrel for NYMEX West Texasz Intermediate for 18 months from Oct. 1, through March 31, 2011. The company's production as of May 30 approximatef 270 barrelsa day.
A costlessd collar is created by buying a protectiver put and writingan out-of-the-monegy covered call with a strikre price with the premium received equal to the premiu of the protective put . Costless collars can be createxd to fully protect existing long stocok positions with little or no cost becauses the premium paid for the protective puts is offsetf by the premiums received for writin g thecovered calls, according to the site.
EnerJex is an oil and naturallgas acquisition, exploration and development
million of outstanding 10 percent seniorsecurede debentures, pay $2 million in debt to , repay abouyt $1 million in promissory notes connected to the company'sw purchase of the DD Energy pay fees and expensesa for the new facilityh and expand current development projects, including completion of 31 new oil wellxs drilled since May. The companh said it will use future borrowings mainly for the development and exploration of oil andgas properties, capitall expenditures and general corporate purposes. EnerJe x also said its 1-for-5 reverse stocmk split approved by shareholderes May 27 will be effectivde on or aboutJuly 25.
The split will combinee each five shares of commonj stock and reclassify it into one share ofcommo stock, reducing the number of shares outstanding to abourt 4.4 million from about 22.2 The company said it also has entered into a "costlesas collar" with on 130 barrels of oil a day with a pric floor of $132.50 a barrel and a ceiling pricre of $155.70 a barrel for NYMEX West Texasz Intermediate for 18 months from Oct. 1, through March 31, 2011. The company's production as of May 30 approximatef 270 barrelsa day.
A costlessd collar is created by buying a protectiver put and writingan out-of-the-monegy covered call with a strikre price with the premium received equal to the premiu of the protective put . Costless collars can be createxd to fully protect existing long stocok positions with little or no cost becauses the premium paid for the protective puts is offsetf by the premiums received for writin g thecovered calls, according to the site.
EnerJex is an oil and naturallgas acquisition, exploration and development
Monday, January 16, 2012
Business working behind scenes to shape health care reform - Wichita Business Journal:
fixyruw.wordpress.com
President Obama has mobilizedsthe grass-roots supporters that helped electr him to lobby for his vision of health care reform, which includez offering Americans a government-run health plan as an alternativwe to private insurance. A coalitiojn of labor unions and progressive organization s plans tospend $82 million on organizing efforts, research and lobbying to support the Obam a plan. Business groups, meanwhile, mostly are working behin the scenes to shapethe legislation. Although they have serious concernsz about some of theproposalas — including the public plan option and a mandatre for employers to provide insurance few are trying to bloclk health care reform at this point.
The cost of healthh insurance has become so burdensome that somethin needs tobe done, they agree. “Nobody supports the status saidJames Gelfand, the ’s senior manager of healt policy. “We absolutely have to have reform.” For most businessd groups, that means reining in healthb care costs and reforming insurance marketsx so that employers have more choices in the typeds ofplans available.
To achieve those however, businesses might have to swallow some bitter An employer mandate tops the list of concerns for manybusinesz groups, just as it did when Bill Clinton pushedc his health care reform plan in the The Senate bill might includs a provision that would requirer employers to either provide health insurancde to their employees or pay a fee to the federalk government. Some small-business owners don’t have a problem with that, including members of the MainStreert Alliance, which is part of the coalitiobn lobbying for the Obama plan.
“The way our syste works now, where responsible employers offerd coverage andothers don’t, leaves us in a situatio with an unlevel playing field,” 11 alliance members said in a statemengt submitted to the Senate Financre Committee. “If we’re contributing but other employersa aren’t, that gives them a financial advantageover us,” the statementf said. “We need to levell the playing field throughh a system where everyone pitchew in areasonable amount.” But most business lobbyistds contend that employers who can afforc to provide health insurance do so already because it helps them attracy and keep good employees.
Businessea that don’t provide health insurance tend tobe “marginally profitable,” said Denny Dennis, senior research fellow at the NFIB Researcu Foundation. Imposing a insurance requirement on these businesses would cost the economy morethan 1.6 million jobs, according to a study. Tax credit s could offset some of the costs for providingtthis coverage, but Gelfand said the creditss that are under discussion are “extremelyy limited.” Congress also could exempt some small businesses — such as firms with less than $500,009 in annual payroll — from the employee mandate.
But many business groups see this proposal as an attempr to split thebusinessz community, not as meaningful relief. “We oppose small-busineses carve-outs because they make it easief for Congress to apply mandates againstlarger employers,” said Neil vice president and employee benefits polic y counsel of the National Retai l Federation. “It’s also easy for Congress to come back and try to applyu the mandateagainst ever-smaller employers. “No matter how good the surrounding healthcare reform, a bill containint an employer mandate would be too high a price to pay for Trautwein said. Public plan or market reforms?
President Obama has mobilizedsthe grass-roots supporters that helped electr him to lobby for his vision of health care reform, which includez offering Americans a government-run health plan as an alternativwe to private insurance. A coalitiojn of labor unions and progressive organization s plans tospend $82 million on organizing efforts, research and lobbying to support the Obam a plan. Business groups, meanwhile, mostly are working behin the scenes to shapethe legislation. Although they have serious concernsz about some of theproposalas — including the public plan option and a mandatre for employers to provide insurance few are trying to bloclk health care reform at this point.
The cost of healthh insurance has become so burdensome that somethin needs tobe done, they agree. “Nobody supports the status saidJames Gelfand, the ’s senior manager of healt policy. “We absolutely have to have reform.” For most businessd groups, that means reining in healthb care costs and reforming insurance marketsx so that employers have more choices in the typeds ofplans available.
To achieve those however, businesses might have to swallow some bitter An employer mandate tops the list of concerns for manybusinesz groups, just as it did when Bill Clinton pushedc his health care reform plan in the The Senate bill might includs a provision that would requirer employers to either provide health insurancde to their employees or pay a fee to the federalk government. Some small-business owners don’t have a problem with that, including members of the MainStreert Alliance, which is part of the coalitiobn lobbying for the Obama plan.
“The way our syste works now, where responsible employers offerd coverage andothers don’t, leaves us in a situatio with an unlevel playing field,” 11 alliance members said in a statemengt submitted to the Senate Financre Committee. “If we’re contributing but other employersa aren’t, that gives them a financial advantageover us,” the statementf said. “We need to levell the playing field throughh a system where everyone pitchew in areasonable amount.” But most business lobbyistds contend that employers who can afforc to provide health insurance do so already because it helps them attracy and keep good employees.
Businessea that don’t provide health insurance tend tobe “marginally profitable,” said Denny Dennis, senior research fellow at the NFIB Researcu Foundation. Imposing a insurance requirement on these businesses would cost the economy morethan 1.6 million jobs, according to a study. Tax credit s could offset some of the costs for providingtthis coverage, but Gelfand said the creditss that are under discussion are “extremelyy limited.” Congress also could exempt some small businesses — such as firms with less than $500,009 in annual payroll — from the employee mandate.
But many business groups see this proposal as an attempr to split thebusinessz community, not as meaningful relief. “We oppose small-busineses carve-outs because they make it easief for Congress to apply mandates againstlarger employers,” said Neil vice president and employee benefits polic y counsel of the National Retai l Federation. “It’s also easy for Congress to come back and try to applyu the mandateagainst ever-smaller employers. “No matter how good the surrounding healthcare reform, a bill containint an employer mandate would be too high a price to pay for Trautwein said. Public plan or market reforms?
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