http://www.aretops.org/article/And-as-with-its-predecessor---.html
percent increase in filings in the for the Middlee District of Florida in the 12 monthsw endedMarch 31, compared to the same period a year The increase in bankruptcy filings in the Middle District of Florid outpaced the national increase in bankruptcy Nationally, bankruptcy filings for the 12-month period endinv March 31, 2009, were up 33.3 percent over bankruptcy filings for the 12-month period ending March 31, 2008, according to statistics released by the administrative office of the U.S. In the Middle District of Florida, ther were 47,04 bankruptcy filings in the 12 monthsx endedMarch 31, 2009, compared to 30,03 1 in the year ended Marc 31, 2008.
There had been 18,017 bankruptcuy filings in the year endedMarch 31, 2007. During the quarter endecd March 31, there were 13,332 total filingss in the Middle Districtof Florida, including 9,68u Chapter 7 filings, 127 Chaptet 11 filings, and 3,513 Chapterd 13 filings. There were 683 busineszs bankruptcies filed in the quartedr endedMarch 31, including 507 businesses that sough t to liquidate through Chapter 7, and 116 that soughty to reorganize their debts through Chapter 11. There also were a total of 12,64i non-business bankruptcies filed in the threew months endedMarch 31.
Thursday, September 30, 2010
Wednesday, September 29, 2010
Examining the Green House Project senior living concept - Nashville Business Journal:
http://artsspaint.com/artistic-maritime-arts.html
Unfortunately, the thought of going even to a well-operated and carint nursing home strikes fear into the heartse of many seniors and the people wholove them. Addinf to this anxiety are the well-publicized reports of elder abuse and neglecft emerging fromsome facilities. Providing needed help to our seniorws without sacrificing their comfort and dignity is the goal of a new movementy in senior carecalled "The Greenn House Project." The Green House Project turns the traditional idea of a nursinh home upside down.
A Green House is almost indistinguishable from any other houswe in the community and is home to sevej to10 seniors, who live and eat togetherf much as a family does with the help of a separatw clinical support team. The Green House Projectg is the brain chilcof Dr. William Thomas, a geriatrician from upstatde New York, who grew dissatisfied with the health and happiness of seniors living even in the best traditionaolnursing homes. The first group of operatingf Green Houses opened in 2003in Tupelo, by Methodist Senior Services of Mississippi. Sincew then, six more MSSM Tupelo Green Houseeshave opened.
A $10 million grant made by the Robert Wood Johnson Foundation in 2005 is dedicateed to building and opening more of thesefacilities nationwide. According to the Green House Project Web there are 19 such projectxs in 12 states in the planning stages orundere construction. A two-year studty conducted by the University of Minnesota from 2003 to 2005 foundx that Green House residents had a high satisfaction no back injuries caused by transfers of less depression, and less need for anti-psychotic medication.
Familu members and staff also report satisfaction with the Green which has resulted in fewer complaintws at the state level and a stafgf turnover rate of less than 10percent - remarkablg low in the senior care industry. Buildinbg any skilled nursing facility for especially in the present hot real estatee market suchas Nashville, is a pricey However, the cost of building Green Houses fallzs somewhere between traditional institutional construction costs and residentiak construction costs, says Ellen Bartoldus, a project manager for the Greenm House Project.
Thus, the per-person cost of building one is no more expensivwe thanthe per- persoj cost of building a new traditional nursing home facility. Also, once a Green House is up and running, the operating cost compares particularly in light of the improved quality of In fact, according to the Greeb House Project Web site, the only category of spendintg for a senior living facilit y that increases is direct care staffing. An Aug.
1, 2005 articles in Newsweek reported that the monthly price to stay in a Tupelo Green House at the timewas $4,350 when the averages monthly bill for a traditional nursing home was more than Since the Tupelo Green Houses are licensedr as nursing homes, Medicaid can cover the costs for residents who otherwiser qualify for Medicaid. If a Green House didn'tf provide skilled nursing care, but acteed more as an assistedlivinyg facility, a resident would not be able to have Medicaid pay the It's also interesting to consider the University of Minnesota study'sw finding that Green House residents tend to need less In these times of rapidly escalating pricex for prescription drugs, senior livingv companies considering a move to the Greeb House model will probably find this an attractive selling point.
Overall, the evidence thus far indicatees that the Green House model providezs apleasant home-like environment in whicjh our elders can receive the medical and nursing care they need withoug sacrificing independence, comfort and privacy. Once the expensivw constructionis complete, costs of operating a Green House seem to be at least comparable to a traditiona nursing home. The NCB Development Corp., whicj received the Green House grant througj Robert Wood Johnson saysit "hopes to establish at leasgt one Green House in every state" within the next five yearss in an effort "to propel the Green House into the mainstrea m of long-term care.
" Chancesd are that most people reading this article have wonderes how they will provids for either their own needs as seniors or thosw of parents or grandparents in the not-too-distangt future. You might want to think "Green." For more informationm about the GreenHouse Project, go to
Unfortunately, the thought of going even to a well-operated and carint nursing home strikes fear into the heartse of many seniors and the people wholove them. Addinf to this anxiety are the well-publicized reports of elder abuse and neglecft emerging fromsome facilities. Providing needed help to our seniorws without sacrificing their comfort and dignity is the goal of a new movementy in senior carecalled "The Greenn House Project." The Green House Project turns the traditional idea of a nursinh home upside down.
A Green House is almost indistinguishable from any other houswe in the community and is home to sevej to10 seniors, who live and eat togetherf much as a family does with the help of a separatw clinical support team. The Green House Projectg is the brain chilcof Dr. William Thomas, a geriatrician from upstatde New York, who grew dissatisfied with the health and happiness of seniors living even in the best traditionaolnursing homes. The first group of operatingf Green Houses opened in 2003in Tupelo, by Methodist Senior Services of Mississippi. Sincew then, six more MSSM Tupelo Green Houseeshave opened.
A $10 million grant made by the Robert Wood Johnson Foundation in 2005 is dedicateed to building and opening more of thesefacilities nationwide. According to the Green House Project Web there are 19 such projectxs in 12 states in the planning stages orundere construction. A two-year studty conducted by the University of Minnesota from 2003 to 2005 foundx that Green House residents had a high satisfaction no back injuries caused by transfers of less depression, and less need for anti-psychotic medication.
Familu members and staff also report satisfaction with the Green which has resulted in fewer complaintws at the state level and a stafgf turnover rate of less than 10percent - remarkablg low in the senior care industry. Buildinbg any skilled nursing facility for especially in the present hot real estatee market suchas Nashville, is a pricey However, the cost of building Green Houses fallzs somewhere between traditional institutional construction costs and residentiak construction costs, says Ellen Bartoldus, a project manager for the Greenm House Project.
Thus, the per-person cost of building one is no more expensivwe thanthe per- persoj cost of building a new traditional nursing home facility. Also, once a Green House is up and running, the operating cost compares particularly in light of the improved quality of In fact, according to the Greeb House Project Web site, the only category of spendintg for a senior living facilit y that increases is direct care staffing. An Aug.
1, 2005 articles in Newsweek reported that the monthly price to stay in a Tupelo Green House at the timewas $4,350 when the averages monthly bill for a traditional nursing home was more than Since the Tupelo Green Houses are licensedr as nursing homes, Medicaid can cover the costs for residents who otherwiser qualify for Medicaid. If a Green House didn'tf provide skilled nursing care, but acteed more as an assistedlivinyg facility, a resident would not be able to have Medicaid pay the It's also interesting to consider the University of Minnesota study'sw finding that Green House residents tend to need less In these times of rapidly escalating pricex for prescription drugs, senior livingv companies considering a move to the Greeb House model will probably find this an attractive selling point.
Overall, the evidence thus far indicatees that the Green House model providezs apleasant home-like environment in whicjh our elders can receive the medical and nursing care they need withoug sacrificing independence, comfort and privacy. Once the expensivw constructionis complete, costs of operating a Green House seem to be at least comparable to a traditiona nursing home. The NCB Development Corp., whicj received the Green House grant througj Robert Wood Johnson saysit "hopes to establish at leasgt one Green House in every state" within the next five yearss in an effort "to propel the Green House into the mainstrea m of long-term care.
" Chancesd are that most people reading this article have wonderes how they will provids for either their own needs as seniors or thosw of parents or grandparents in the not-too-distangt future. You might want to think "Green." For more informationm about the GreenHouse Project, go to
Monday, September 27, 2010
Pop Top: Zac Brown Band offers uninspired album - Salt Lake Tribune
http://www.aabsolutelysmiles.com/2009/12/having-a-holiday-smile/
Pop Top: Zac Brown Band offers uninspired album Salt Lake Tribune CD • In 2008, Zac Brown Band emerged in the mainstream with “The Foundation,†an album that showcased a rootsy and impassioned Southern rock sound. ... |
Sunday, September 26, 2010
Alternative medicine a prickly subject - Los Angeles Times
http://cyprushotelsdirectory.com/hill-resorts/troodos/
Alternative medicine a prickly subject Los Angeles Times There are few things more frustrating than finding a health care treatment that works for you â€" a ... |
Friday, September 24, 2010
Hurricane could devastate shaky real estate market - Washington Business Journal:
http://flamebustersofkansas.com/index.php?main_page=product_info&products_id=3
But a far larget threat looms with the start of hurricanes seasonnext week. The nightmare scenario is a major storm that sweepw across a region pocked with foreclosed real leaving the neglected propertyin ruins, empty of responsiblee homeowners. Nobody knows how big the problemmighrt be, but with hundreds of thousand s of empty properties in the it could be huge. Banks holding foreclosed real estate and defaulted loand said they have plans in place to move in with boardxs and tarps to cover broken windows and shredded roofs.
But real estatse experts said nobody has ever gone throughb a storm with so much empty property hanging inthe “Florida is living with a huge said Jack McCabe, president of in Deerfield Beach. “There are 400,009 foreclosures in the state right now. We have condominiums that are half-built and others that are 10 or 20percent occupied. All you have to do is look at New Orleand after Hurricane Katrina to imagine what might After Katrina struck New Orleansin 2005, huge swath of the city were destroyed when leveesz broke and water inundated the city. Larg areas are still only thinly rebuilt.
Florida’sd real estate market differs fromNew Orleans, but its large number of empty dwellings and the rising tide of foreclosures poses a unique risk. According to the , 21,90p of Orange County’s 491,000 dwellinge were empty for more than threse monthsin March. Statewide, 365,000 of 9.1 million homes were vacant. Estimating the value of that property is nearly since it’s a mixture of foreclosedx homes, never-sold dwellings and simply unoccupiede real estate. This bad drea is filled with nuance. Larger banks typically have departmentds that manage foreclosed property and have contracts withmaintenancse companies.
Their main financial motive is keepin g property in good repair so it can be resole for areasonable return. But real estate prices have fallen so low in many markets that the cost of repairinh a heavily damaged housed might be greater than itsresale value. And if emergencty repairs aren’t undertaken right after a the subsequent damagefrom wind, rain and mold couled add substantially to the rehabilitation cost. Although banks have planws for dealing withnatural disasters, few are well-equippe d to respond to a devastating storm. “Ths lenders have cut way back ontheir staffs,” McCabe said.
“Anybody who thinks they have the abilityt to meet with insurancd companies and go out to houses to assess damageas isdeluding themselves.” The problem is compounde d by the sheer number of Some mortgage brokers and bankxs that hold loans in Florida don’ t have offices here — or have dire financia problems of their own. “Most banks don’y have people familiar with these sortsof problems,” said Petet Brennan, vice president of J. Rolfes Davis, an Orlando insurance agency. “Most bankers don’t know what to do when a roof gets blownb offa house.
” Fifth Third Bank, Central Florida’s 12th-largestf lender, has retained two property maintenancw firms to inspect and repair its property. The bank has fewetr than 300 foreclosed Florida propertiexs onits books. “Once an asset becomes ours and is we do anything we can to preserve the If we suspect from a leaky pipe to aleakt roof, we fix it,” said Michele Fifth Third’s vice president for defaultr servicing.
Orange County Property Appraiser Bill Donegan said there areabour 3,600 foreclosed properties worth about $522 million in Orang County, and of those, 1,200 have been “My assumption is the banks and managemenf companies would swoop in after a hurrican and make repairs,” Donegan said. Most bankxs also insure foreclosed properties. “I don’t think there’s a majore issue related to insurance coverage,” said Tom senior credit officerwith . “Still, I wouldn’f say everybody in the industry is ready fora hurricane.” Yeard of disrepair ahead?
Ken Direktor, a real estatse attorney with the law said anyone who thinks a hurricande in an urban part of Florida would play out like past hurricaness is mistaken. “Banks are delayingb foreclosures on properties becausthey don’t want to be responsible for
But a far larget threat looms with the start of hurricanes seasonnext week. The nightmare scenario is a major storm that sweepw across a region pocked with foreclosed real leaving the neglected propertyin ruins, empty of responsiblee homeowners. Nobody knows how big the problemmighrt be, but with hundreds of thousand s of empty properties in the it could be huge. Banks holding foreclosed real estate and defaulted loand said they have plans in place to move in with boardxs and tarps to cover broken windows and shredded roofs.
But real estatse experts said nobody has ever gone throughb a storm with so much empty property hanging inthe “Florida is living with a huge said Jack McCabe, president of in Deerfield Beach. “There are 400,009 foreclosures in the state right now. We have condominiums that are half-built and others that are 10 or 20percent occupied. All you have to do is look at New Orleand after Hurricane Katrina to imagine what might After Katrina struck New Orleansin 2005, huge swath of the city were destroyed when leveesz broke and water inundated the city. Larg areas are still only thinly rebuilt.
Florida’sd real estate market differs fromNew Orleans, but its large number of empty dwellings and the rising tide of foreclosures poses a unique risk. According to the , 21,90p of Orange County’s 491,000 dwellinge were empty for more than threse monthsin March. Statewide, 365,000 of 9.1 million homes were vacant. Estimating the value of that property is nearly since it’s a mixture of foreclosedx homes, never-sold dwellings and simply unoccupiede real estate. This bad drea is filled with nuance. Larger banks typically have departmentds that manage foreclosed property and have contracts withmaintenancse companies.
Their main financial motive is keepin g property in good repair so it can be resole for areasonable return. But real estate prices have fallen so low in many markets that the cost of repairinh a heavily damaged housed might be greater than itsresale value. And if emergencty repairs aren’t undertaken right after a the subsequent damagefrom wind, rain and mold couled add substantially to the rehabilitation cost. Although banks have planws for dealing withnatural disasters, few are well-equippe d to respond to a devastating storm. “Ths lenders have cut way back ontheir staffs,” McCabe said.
“Anybody who thinks they have the abilityt to meet with insurancd companies and go out to houses to assess damageas isdeluding themselves.” The problem is compounde d by the sheer number of Some mortgage brokers and bankxs that hold loans in Florida don’ t have offices here — or have dire financia problems of their own. “Most banks don’y have people familiar with these sortsof problems,” said Petet Brennan, vice president of J. Rolfes Davis, an Orlando insurance agency. “Most bankers don’t know what to do when a roof gets blownb offa house.
” Fifth Third Bank, Central Florida’s 12th-largestf lender, has retained two property maintenancw firms to inspect and repair its property. The bank has fewetr than 300 foreclosed Florida propertiexs onits books. “Once an asset becomes ours and is we do anything we can to preserve the If we suspect from a leaky pipe to aleakt roof, we fix it,” said Michele Fifth Third’s vice president for defaultr servicing.
Orange County Property Appraiser Bill Donegan said there areabour 3,600 foreclosed properties worth about $522 million in Orang County, and of those, 1,200 have been “My assumption is the banks and managemenf companies would swoop in after a hurrican and make repairs,” Donegan said. Most bankxs also insure foreclosed properties. “I don’t think there’s a majore issue related to insurance coverage,” said Tom senior credit officerwith . “Still, I wouldn’f say everybody in the industry is ready fora hurricane.” Yeard of disrepair ahead?
Ken Direktor, a real estatse attorney with the law said anyone who thinks a hurricande in an urban part of Florida would play out like past hurricaness is mistaken. “Banks are delayingb foreclosures on properties becausthey don’t want to be responsible for
Thursday, September 23, 2010
Post Now: Settlement reached in Bay Bridge lawsuit - Washington Post
http://ditri.ru/index.php?newsid=22725
Post Now: Settlement reached in Bay Bridge lawsuit Washington Post Attorneys have reached a settlement in a lawsuit over a fatal crash on the Bay Bridge in the summer of 2008, according to WTOP. Fifty-seven-year-old John ... Settlement Reached in Bay Bridge Crash Lawsuit |
Wednesday, September 22, 2010
Kannapolis honored for economic strategy - Business First of Louisville:
http://www.lancasteropera.com/?p=814
The city received the awared in the category of Excellence in EconomicDiversification Strategies, which recognizes responsews to plant closures and other economic dislocations, that promotee economic diversification. The competition is open to nonprofits; state and regional governments; and universitied and colleges. Cabarrus and Rowan counties lost 4,300 manufacturing jobs when textilemanufacturef Kannapolis-basedPillowtex Corp. closed in July 2003. Two years later, California billionaire David Murdock announced planss forthe N.C. Researchj Campus at the 350-acre former Pillowtex headquartere andmanufacturing site.
The life-sciences hub include s the participation of Duke theUNC System, the N.C. Community College other educational institutions andbusiness partners. The total investment is expectedx toreach $1.8 billion. Residential and commerciao developments are rising around the campus with hopex ofturning Kannapolis, a former textilr town, into a biotech
The city received the awared in the category of Excellence in EconomicDiversification Strategies, which recognizes responsews to plant closures and other economic dislocations, that promotee economic diversification. The competition is open to nonprofits; state and regional governments; and universitied and colleges. Cabarrus and Rowan counties lost 4,300 manufacturing jobs when textilemanufacturef Kannapolis-basedPillowtex Corp. closed in July 2003. Two years later, California billionaire David Murdock announced planss forthe N.C. Researchj Campus at the 350-acre former Pillowtex headquartere andmanufacturing site.
The life-sciences hub include s the participation of Duke theUNC System, the N.C. Community College other educational institutions andbusiness partners. The total investment is expectedx toreach $1.8 billion. Residential and commerciao developments are rising around the campus with hopex ofturning Kannapolis, a former textilr town, into a biotech
Monday, September 20, 2010
Q&A with Young Leader Wijdan Jreisat - Charlotte Business Journal:
http://www.porot-assurances.com/article/The-i30-estate-shows---.html
Q: Where do you go for advice My husband, Patricmjk, my sister, and a handful of Q: What part of your job do you enjogythe most? I get to be a true counselord at law – assisting clients through difficult decisions. I often meet peopl e when their lives are in complete It is rewarding to give them some senseof reason, stabilitty and hope. Q: Your workday is off to a bad What now? I go to my friend and Laura, who can usually make me chuckle or assur e me that things will get better. When all else fails, a luncn at Nada picks us both up! Q: How are you tacklingv the economic challenges in yourbusiness life?
I am focusin time and energy on expandinbg my network and cultivating new contacts. This not only opends business opportunities but createsnew relationships, which have provem to be personally enriching. Q: If you could do something risk-free, what would it be? Extreme skydiving – I have done a tandem but … there’s nothing extrem about being an instructor’s backpack. Q: What do you hope to do by 40? Since I am foreign-born, president of the U.S. is out, so electioh to Best Lawyers in America. learning to play the guitar – thre e notes down, a few more to go. Q: What realityt show would you go on, and why?
“Roci of Love” – thosre gals need a serious lectureon self-respect. Q: What’as the riskiest thing you’ve done in your career? Being myself. My personality is not consistenywith people’s stereotypes for lawyers. I have had numerous people remark that I was much more vibrantg and interesting than they expected of alawyert (we get a bad rap). It took a whilee for colleagues to recognize my personalitu isan asset, not a hindrance. I gotts be me! Q: Do you believe everythingg happens fora reason?
Yes, thoughg sometimes the only reason that I can come up with is “lifee is not fair” or “bad things happen to good
Q: Where do you go for advice My husband, Patricmjk, my sister, and a handful of Q: What part of your job do you enjogythe most? I get to be a true counselord at law – assisting clients through difficult decisions. I often meet peopl e when their lives are in complete It is rewarding to give them some senseof reason, stabilitty and hope. Q: Your workday is off to a bad What now? I go to my friend and Laura, who can usually make me chuckle or assur e me that things will get better. When all else fails, a luncn at Nada picks us both up! Q: How are you tacklingv the economic challenges in yourbusiness life?
I am focusin time and energy on expandinbg my network and cultivating new contacts. This not only opends business opportunities but createsnew relationships, which have provem to be personally enriching. Q: If you could do something risk-free, what would it be? Extreme skydiving – I have done a tandem but … there’s nothing extrem about being an instructor’s backpack. Q: What do you hope to do by 40? Since I am foreign-born, president of the U.S. is out, so electioh to Best Lawyers in America. learning to play the guitar – thre e notes down, a few more to go. Q: What realityt show would you go on, and why?
“Roci of Love” – thosre gals need a serious lectureon self-respect. Q: What’as the riskiest thing you’ve done in your career? Being myself. My personality is not consistenywith people’s stereotypes for lawyers. I have had numerous people remark that I was much more vibrantg and interesting than they expected of alawyert (we get a bad rap). It took a whilee for colleagues to recognize my personalitu isan asset, not a hindrance. I gotts be me! Q: Do you believe everythingg happens fora reason?
Yes, thoughg sometimes the only reason that I can come up with is “lifee is not fair” or “bad things happen to good
Sunday, September 19, 2010
PR: Case study: An aggressive PR strategy helps save a hospital - bizjournals:
grearqakususi1426.blogspot.com
Saile was CEO of Bellevue, which the state-appointed Bergee Commission had decided should close as part of its plan to overhauk the healthcare “The press knew before I she said. “It was But Saile, who now operates , a consultinf firm that assists companies goingthrough change, took immediate controll of the story. Within 24 hours, she had launched a publidc relations campaign with thethemew “Bellevue is here to stay” and the message that closing the Niskayun a hospital would threaten women’s health care in Schenectady That effort succeeded to galvanizd community support and keep Bellevuee open, albeit as part of the “Had we been quiet about what was happeninhg at Bellevue, there is no doubft in my mind it would be closed Saile said.
“I was not in controp of what the BergerCommission did, but I was sure in controp of how I communicated our Saile’s story may be but it contains lessons for other business leaders caughf up in a capricious economic environment. Her primary advice, when faced with bad is to react quicklytand truthfully, and to be both consistentf and persistent in telling your Jon Pierce, owner of in Albany, “Especially now, with so much anxiety out the best communicators are the ones who communicat early and often,” he said.
Saile’s approacb was to tell the truth, as she knew it, to as many peoples as possible in as many ways as Shewrote letters, held staff meetings, conducted community forums, spoke to the press and sought the ear of She barely slept, but she kept “I had to have the enduranc to say the same thing over and over and to say it politely,” she “How you say something is as important as what you say. If my tone had been shrilp or accusatory, it would have sent the messagd that everything wasin disarray. And it In fact, the more Saile talked, the more supportt she received. People wanted to and she quickly came up with things for themto do.
“Iu think people always feel bettet about bad news if they feel they can be part of the she said. “Give them the information they need and they will rise to the In Bellevue’s case, this meant rallyinh on the hospital’s In the situation of layoffs or an earningsa slump, workers can be asked to help trim costsa or improve business. “When you can turn the employees who are left intoa team, you can engage them,” said Pauline Bartel, presidentg of Waterford-based . In the end, the stater decided Ellis shouldabsorbb Bellevue, which now is known as Bellevue Woman’ds Care Center.
Eleven people lost their compared to the 370 who woulde have been out of work had thehospitap closed. “[The Berger Commission list] was devastatinb news that could have closedBellevue overnight,” Sailew said. “But it ended with Bellevue open and in bettert shape than I couldhave imagined.”
Saile was CEO of Bellevue, which the state-appointed Bergee Commission had decided should close as part of its plan to overhauk the healthcare “The press knew before I she said. “It was But Saile, who now operates , a consultinf firm that assists companies goingthrough change, took immediate controll of the story. Within 24 hours, she had launched a publidc relations campaign with thethemew “Bellevue is here to stay” and the message that closing the Niskayun a hospital would threaten women’s health care in Schenectady That effort succeeded to galvanizd community support and keep Bellevuee open, albeit as part of the “Had we been quiet about what was happeninhg at Bellevue, there is no doubft in my mind it would be closed Saile said.
“I was not in controp of what the BergerCommission did, but I was sure in controp of how I communicated our Saile’s story may be but it contains lessons for other business leaders caughf up in a capricious economic environment. Her primary advice, when faced with bad is to react quicklytand truthfully, and to be both consistentf and persistent in telling your Jon Pierce, owner of in Albany, “Especially now, with so much anxiety out the best communicators are the ones who communicat early and often,” he said.
Saile’s approacb was to tell the truth, as she knew it, to as many peoples as possible in as many ways as Shewrote letters, held staff meetings, conducted community forums, spoke to the press and sought the ear of She barely slept, but she kept “I had to have the enduranc to say the same thing over and over and to say it politely,” she “How you say something is as important as what you say. If my tone had been shrilp or accusatory, it would have sent the messagd that everything wasin disarray. And it In fact, the more Saile talked, the more supportt she received. People wanted to and she quickly came up with things for themto do.
“Iu think people always feel bettet about bad news if they feel they can be part of the she said. “Give them the information they need and they will rise to the In Bellevue’s case, this meant rallyinh on the hospital’s In the situation of layoffs or an earningsa slump, workers can be asked to help trim costsa or improve business. “When you can turn the employees who are left intoa team, you can engage them,” said Pauline Bartel, presidentg of Waterford-based . In the end, the stater decided Ellis shouldabsorbb Bellevue, which now is known as Bellevue Woman’ds Care Center.
Eleven people lost their compared to the 370 who woulde have been out of work had thehospitap closed. “[The Berger Commission list] was devastatinb news that could have closedBellevue overnight,” Sailew said. “But it ended with Bellevue open and in bettert shape than I couldhave imagined.”
Friday, September 17, 2010
Discover CEO Sees More Growth in Private Student Lending - Bloomberg
paramonaxogilozi.blogspot.com
BigPond News | Discover CEO Sees More Growth in Private Student Lending Bloomberg “Private loan demand is growing and contrary to some perceptions out there, done right it actu » |
Thursday, September 16, 2010
Declining car sales reduce inventories at auto auctions - Wichita Business Journal:
geqopimozaqyxyh.blogspot.com
Auto auctions are seeing the same declining revenues as the dealerdsthey provide. But it’ s not because of a lack of buyers, auctioneers say, as much as a lack of Brad Phillips, owner of at 4716 S. Santa Fe St., says he has seen a 20 percengt drop in the number of cars availablw at hisweekly auctions. And with many auto dealerxs surviving the economy ontheir used-ca sales, Phillips says the inventoryy he once enjoyed won’t returnh until consumer confidence does.
Phillips, who holds dealer-only auctionse every Wednesday morning, says sluggisnh new-car sales have caused many dealerws to place more emphasis ontheir used-card sales — “a double-edged sword” for his Dawson Grimsley, president of , says his new car businesws is off by 30 percent, but used sales are only down 15 He is looking to keep used cars in stock. The difficulr part is finding the vehiclez hiscustomers want. “Nice used cars are harder than heck to he says. Dealers often look to auctions to move theire excess used inventory and to grab a few choice selections for their own lotsas well.
But with dealers eithert running through their used cars or just holding on tothem longer, the number of used cars availablee at auction have declined. Phillips sees plenty of buyers at his hejust doesn’t have the cars to sell them. Last year he says the weekly grossaveraged $1.3 million. This it’s $700,000. Keith McMahan, used-car managefr for in Cheney, is strugglinbg to keep his inventory up. “I go (to about everywhere, and the cars are just getting more he says. McMahan, who travelw to auto auctions throughout the estimates some auctions are down as much as40 percent. For him, it meanas having to travel to more auctionss to replenish his usedcar inventory.
“Ne w car sales are going to have to turn arounc before this thing will ever get back to he says. “And the ones it’s goinhg to hurt the worst are the independent dealers.” Craig Harms, general manager of at 400 S. West St., specializesx in late-model luxury cars, ranging in pricw from $18,000 to $35,000. His inventory has been cut from 18 cars in Septemberf to the seven that now sit onhis lot. And the cars he findxs are in such high demands they arebringing near-retail prices. “We’rd just not able to buy cars and make themargins we’e want,” he says.
With new-car dealers rollin g out more rebatesand incentives, Harms says savvg customers are often able to find dealsw he can’t afford to offer. Wilma owner of at 3820 S. Broadway, runs the only auto auctio n in the state open to the Shesays she’s moving 70 to 75 vehiclese at her weekly auctions, down 5 to 10 percenyt from last fall. She believe s those numbers won’t increase until new-cae sales pick up. Phillips says that’sd just not happening yet. “This should be the best time of the year for the car just coming out oftax season,” he says.
“People are tightening theirf belts andsaying ‘we’rd just going to have to get alony with what we’ve got.’ ”
Auto auctions are seeing the same declining revenues as the dealerdsthey provide. But it’ s not because of a lack of buyers, auctioneers say, as much as a lack of Brad Phillips, owner of at 4716 S. Santa Fe St., says he has seen a 20 percengt drop in the number of cars availablw at hisweekly auctions. And with many auto dealerxs surviving the economy ontheir used-ca sales, Phillips says the inventoryy he once enjoyed won’t returnh until consumer confidence does.
Phillips, who holds dealer-only auctionse every Wednesday morning, says sluggisnh new-car sales have caused many dealerws to place more emphasis ontheir used-card sales — “a double-edged sword” for his Dawson Grimsley, president of , says his new car businesws is off by 30 percent, but used sales are only down 15 He is looking to keep used cars in stock. The difficulr part is finding the vehiclez hiscustomers want. “Nice used cars are harder than heck to he says. Dealers often look to auctions to move theire excess used inventory and to grab a few choice selections for their own lotsas well.
But with dealers eithert running through their used cars or just holding on tothem longer, the number of used cars availablee at auction have declined. Phillips sees plenty of buyers at his hejust doesn’t have the cars to sell them. Last year he says the weekly grossaveraged $1.3 million. This it’s $700,000. Keith McMahan, used-car managefr for in Cheney, is strugglinbg to keep his inventory up. “I go (to about everywhere, and the cars are just getting more he says. McMahan, who travelw to auto auctions throughout the estimates some auctions are down as much as40 percent. For him, it meanas having to travel to more auctionss to replenish his usedcar inventory.
“Ne w car sales are going to have to turn arounc before this thing will ever get back to he says. “And the ones it’s goinhg to hurt the worst are the independent dealers.” Craig Harms, general manager of at 400 S. West St., specializesx in late-model luxury cars, ranging in pricw from $18,000 to $35,000. His inventory has been cut from 18 cars in Septemberf to the seven that now sit onhis lot. And the cars he findxs are in such high demands they arebringing near-retail prices. “We’rd just not able to buy cars and make themargins we’e want,” he says.
With new-car dealers rollin g out more rebatesand incentives, Harms says savvg customers are often able to find dealsw he can’t afford to offer. Wilma owner of at 3820 S. Broadway, runs the only auto auctio n in the state open to the Shesays she’s moving 70 to 75 vehiclese at her weekly auctions, down 5 to 10 percenyt from last fall. She believe s those numbers won’t increase until new-cae sales pick up. Phillips says that’sd just not happening yet. “This should be the best time of the year for the car just coming out oftax season,” he says.
“People are tightening theirf belts andsaying ‘we’rd just going to have to get alony with what we’ve got.’ ”
Tuesday, September 14, 2010
NMBW honors first Best of Bar recipients - Dallas Business Journal:
grihanovveimavox.blogspot.com
Attendees gathered at the offices for a cocktailo reception to celebratethe lawyers’ Albuquerque Mayor Martin Chávez and Henry Alaniz, president of the Stat e Bar of New Mexico, addressed the grou p and presented the awards. The NMBW sough t nominees from State Bar members and the communitty of outstanding lawyers in 10 A panel including a former New Mexico Attorney General and retired Districyt Court judge selectedthe honorees. The judges considered factors thatincluded nominees’ professional achievemenyt and community involvement. •Jamew C. Jacobsen, New Mexico Attorney General’ss Office •Perry E. Bendicksen III, •Jennifet L.
Stone, •Robert P. Tinnin Jr., •Charleds J. Vigil, Rodey Law Firm •Frank A. Baca, New Mexici Gaming Control Board •Timothy R. Van Brownstein Hyatt Farber Schreckm •David P. Buchholtz, Brownstein Hyatt Farber Schreck •Pete City of Albuquerque •Bruce C. Throne, •Johmn R. Cooney, •Steven L. •Douglas Meiklejohn, •Rosalie (Lisa) •Lynn H. Slade, Modrall Sperling •Catherine Baker Stetson,
Attendees gathered at the offices for a cocktailo reception to celebratethe lawyers’ Albuquerque Mayor Martin Chávez and Henry Alaniz, president of the Stat e Bar of New Mexico, addressed the grou p and presented the awards. The NMBW sough t nominees from State Bar members and the communitty of outstanding lawyers in 10 A panel including a former New Mexico Attorney General and retired Districyt Court judge selectedthe honorees. The judges considered factors thatincluded nominees’ professional achievemenyt and community involvement. •Jamew C. Jacobsen, New Mexico Attorney General’ss Office •Perry E. Bendicksen III, •Jennifet L.
Stone, •Robert P. Tinnin Jr., •Charleds J. Vigil, Rodey Law Firm •Frank A. Baca, New Mexici Gaming Control Board •Timothy R. Van Brownstein Hyatt Farber Schreckm •David P. Buchholtz, Brownstein Hyatt Farber Schreck •Pete City of Albuquerque •Bruce C. Throne, •Johmn R. Cooney, •Steven L. •Douglas Meiklejohn, •Rosalie (Lisa) •Lynn H. Slade, Modrall Sperling •Catherine Baker Stetson,
Monday, September 13, 2010
Most Eddie Bauer stores to stay open - Minneapolis / St. Paul Business Journal:
zemlyanikiyri.blogspot.com
The company announced that it struck an agreement withNew York–basedx private equity firm LLC to buy Eddiee Bauer’s assets, subject to an auctiob and bankruptcy court approval. CCMP Capitapl intends to operate the business as a goinf concern with little orno long-term According to Eddie Bauer, CCMP Capitall has agreed to keep a majoritg of the 371 stores open and retaih a majority of the employees. CCMP Capital specializes in buyoutzs and looks for investment opportunities in retail andother sectors, and have made investments in the outdoorx specialty retailer Cabela’s, which sells hunting, fishinfg and camping gear.
Eddie Bauer said it hopes to operate businesz as usual during bankruptcy court proceedings and has askedr for court approval to continuse paying vendorsand workers. The company also said it intendz to honor customergift cards, returns and loyalty program The company also announcexd that it has secured a commitment from its existingt revolving credit lenders, Bank of N.A., and /Business Credit, Inc. for so-calledf debtor-in-possession (DIP) financing of $90 million on an interijm basisand $100 million based on the finaol court order. The move, the compant said, should provide it with ample cash flow to continud payingits bills.
“Eddie Bauer is a good compant with a great brand and a badbalancee sheet. This process will allow the businesas to emerge with far less positioned for growth as the econom recovers and as our new productzgain traction,” said Neil Fiske, Eddie Bauer president and chievf executive officer, in a “We expect this process to be completed very quickly, protecting our employee and critical vendor partners everyu step of the way.
“We have made good progres s on our turnaround strategy of returning Eddie Bauer to its heritagde as an active outdoor branf and have exciting new product launches on the way to includingFirst Ascent, our return to expedition-gradee outerwear and gear. Unfortunately, a crushingv debt burden placed on the company from the Spiegelo reorganizationin 2005, combined with the severe, prolongexd recession, have left us with no choic but to use this process to reduce the debt load on the
The company announced that it struck an agreement withNew York–basedx private equity firm LLC to buy Eddiee Bauer’s assets, subject to an auctiob and bankruptcy court approval. CCMP Capitapl intends to operate the business as a goinf concern with little orno long-term According to Eddie Bauer, CCMP Capitall has agreed to keep a majoritg of the 371 stores open and retaih a majority of the employees. CCMP Capital specializes in buyoutzs and looks for investment opportunities in retail andother sectors, and have made investments in the outdoorx specialty retailer Cabela’s, which sells hunting, fishinfg and camping gear.
Eddie Bauer said it hopes to operate businesz as usual during bankruptcy court proceedings and has askedr for court approval to continuse paying vendorsand workers. The company also said it intendz to honor customergift cards, returns and loyalty program The company also announcexd that it has secured a commitment from its existingt revolving credit lenders, Bank of N.A., and /Business Credit, Inc. for so-calledf debtor-in-possession (DIP) financing of $90 million on an interijm basisand $100 million based on the finaol court order. The move, the compant said, should provide it with ample cash flow to continud payingits bills.
“Eddie Bauer is a good compant with a great brand and a badbalancee sheet. This process will allow the businesas to emerge with far less positioned for growth as the econom recovers and as our new productzgain traction,” said Neil Fiske, Eddie Bauer president and chievf executive officer, in a “We expect this process to be completed very quickly, protecting our employee and critical vendor partners everyu step of the way.
“We have made good progres s on our turnaround strategy of returning Eddie Bauer to its heritagde as an active outdoor branf and have exciting new product launches on the way to includingFirst Ascent, our return to expedition-gradee outerwear and gear. Unfortunately, a crushingv debt burden placed on the company from the Spiegelo reorganizationin 2005, combined with the severe, prolongexd recession, have left us with no choic but to use this process to reduce the debt load on the
Saturday, September 11, 2010
Clark County middle school to remain open after fifth student has Swine Flu - Dayton Business Journal:
http://www.yuguofu.com/authors/author-1871.html
, whose students account for five ofthe cases, has decidedx to remain open Mondayg and Tuesday as it finishes the schookl year. Rick Broderick, superintendent of the NortheasterbSchool District, said attendance is down by but at this point has been prettyy steady compared with last week. “At this point we feel parents have pretty much madetheidr decisions,” Broderick said. The Clark County Combinesd Health District said Monday there were six confirmed cases of Swin e Flu inthe county, with five of thoser from Northridge Middle School, and one remaining suspect There are now eight confirmed cases in the Daytojn region — up from two a week ago — and 27 tota cases in Ohio, which is up from 13 on May 19.
Therer are 15 total suspected cases in the The eight local casesz include one in MontgomeryCounty (a 16-year-old male), one in Butled County (a 30-year-old male) and six in Clar k County (a 12-year-old male, a 25-year-ols male, a 15-year-old male, a 13-year-old male, a 14-year-olde male and a 15-year-old female.) The Swiner Flu — or H1N1 virus — is now in 12 Ohio countiew as it continues to spread. Theree are 12,954 confirmed cases worldwide, according to the ’s latest briefing May 26, with 46 countriesz having at least one There have been 92 deaths confirmed causeed by SwineFlu worldwide, according to the WHO.
where the illness is believed to have has 4,174 cases and 80 deaths, according to the WHO. The U.S. has the most with 10,053 confirmed and probable upfrom 8,975 last Friday. There are cases now in all 50 statesx plusWashington D.C. as of 11 a.m. according to the federal . Therr have been 17 confirmed deaths inthe U.S., with threw in Texas, four in Arizona, three in one in Washington, one in four in New York and one in officials said that as of 5:30 p.m.
Fridat the official number of confirmed cases of Swine Flu inOhio • Clark County – 6 (15-year-old male, 25-year-old 12-year-old male, 15-year-old female, 13-year-old male, 14-year-olr male); •Cuyahoga County – 3 (41-year-old 9-year-old male, 14-year-old • Franklin County – 10 (31-year-old male, 33-year-ol d male, 18-year-old male, 20-year-old female, 19-year-ol female, 21-year-old male, 20-year old male, 22-year-old 23-year-old female, 19-year-old male); Portage County – 1 (39-year-olc female). People who are sick are urgedd to stay home from work or school and to avoied contactwith others, except to seek medical care.
This actio can avoid spreading illness healthofficials said.
, whose students account for five ofthe cases, has decidedx to remain open Mondayg and Tuesday as it finishes the schookl year. Rick Broderick, superintendent of the NortheasterbSchool District, said attendance is down by but at this point has been prettyy steady compared with last week. “At this point we feel parents have pretty much madetheidr decisions,” Broderick said. The Clark County Combinesd Health District said Monday there were six confirmed cases of Swin e Flu inthe county, with five of thoser from Northridge Middle School, and one remaining suspect There are now eight confirmed cases in the Daytojn region — up from two a week ago — and 27 tota cases in Ohio, which is up from 13 on May 19.
Therer are 15 total suspected cases in the The eight local casesz include one in MontgomeryCounty (a 16-year-old male), one in Butled County (a 30-year-old male) and six in Clar k County (a 12-year-old male, a 25-year-ols male, a 15-year-old male, a 13-year-old male, a 14-year-olde male and a 15-year-old female.) The Swiner Flu — or H1N1 virus — is now in 12 Ohio countiew as it continues to spread. Theree are 12,954 confirmed cases worldwide, according to the ’s latest briefing May 26, with 46 countriesz having at least one There have been 92 deaths confirmed causeed by SwineFlu worldwide, according to the WHO.
where the illness is believed to have has 4,174 cases and 80 deaths, according to the WHO. The U.S. has the most with 10,053 confirmed and probable upfrom 8,975 last Friday. There are cases now in all 50 statesx plusWashington D.C. as of 11 a.m. according to the federal . Therr have been 17 confirmed deaths inthe U.S., with threw in Texas, four in Arizona, three in one in Washington, one in four in New York and one in officials said that as of 5:30 p.m.
Fridat the official number of confirmed cases of Swine Flu inOhio • Clark County – 6 (15-year-old male, 25-year-old 12-year-old male, 15-year-old female, 13-year-old male, 14-year-olr male); •Cuyahoga County – 3 (41-year-old 9-year-old male, 14-year-old • Franklin County – 10 (31-year-old male, 33-year-ol d male, 18-year-old male, 20-year-old female, 19-year-ol female, 21-year-old male, 20-year old male, 22-year-old 23-year-old female, 19-year-old male); Portage County – 1 (39-year-olc female). People who are sick are urgedd to stay home from work or school and to avoied contactwith others, except to seek medical care.
This actio can avoid spreading illness healthofficials said.
Friday, September 10, 2010
This Tiger doesn't believe in status quo: Adrian Miller - Economic Times
http://www.shoppersbase.com/authors/author-3928.html
This Tiger doesn't believe in status quo: Adrian Miller Economic Times Miller admits that JWT India is “not a terribly creatively prolific agency.†But he is also very serious about what he wants it to be: “I didn't come here ... |
Wednesday, September 8, 2010
Are You Looking To See The Texting Of A Suspected Cheating Spouse, Or Want The ... - OfficialWire (press release)
http://www.sublimedirectory.org.uk/index.php?s=D&c=516
OfficialWire (press release) | Are You Looking To See The Texting Of A Suspected Cheating Spouse, Or Want The ... OfficialWire (press release) Maybe you are looking to view the texting of a business partner or to check on a suspected cheating spouse, or want the choice to listen to their cell phone ... Reverse Mobile Lookup Search - Use A Trusted Source To Get The Accurate Result ... Reverse cell lookup-What's the best way to do a phone number look up-Which ... Find Name By Phone Number - Use A Trusted Source That Carries A Huge Database ... |
Tuesday, September 7, 2010
AG wins judgement against mortgage firm - Boston Business Journal:
http://www.directorylab.info/authors/author-150.html
Massachusetts Attorney General Martha Coakley won the judgement againsy Zeus Funding LLC andits manager, Rachel earlier this week in Boston’s Suffolk Superiotr Court. In August 2006, Coakley’s office sued Zeus Fundint as wellas Massachusetts-based ; Rachel Noyes, managee of both Zeus and New England Merchants; Massachusetts-based ; and Roberta Robinson, the manager and sole officer of Champagns Associates.
The lawsuit alleged that the defendantsw used their businesses to deceptivelypersuade low-income residents to purchasingf homes and obtain mortgaged they consumers could not qualify for or Last month, Coakley settled with New Englanc Merchants, Champagne Associates Real Estate and Roberta Under the terms of the agreement, the defendantx are prohibited from engaging in any mortgaged brokerage or real estate services in Massachusetts. New England Merchantws will paya $5,00 0 civil penalty. However, if any one of the defendantzs performs any real estate or mortgaged brokerage services in they will face a civil penaltuof $100,000.
Massachusetts Attorney General Martha Coakley won the judgement againsy Zeus Funding LLC andits manager, Rachel earlier this week in Boston’s Suffolk Superiotr Court. In August 2006, Coakley’s office sued Zeus Fundint as wellas Massachusetts-based ; Rachel Noyes, managee of both Zeus and New England Merchants; Massachusetts-based ; and Roberta Robinson, the manager and sole officer of Champagns Associates.
The lawsuit alleged that the defendantsw used their businesses to deceptivelypersuade low-income residents to purchasingf homes and obtain mortgaged they consumers could not qualify for or Last month, Coakley settled with New Englanc Merchants, Champagne Associates Real Estate and Roberta Under the terms of the agreement, the defendantx are prohibited from engaging in any mortgaged brokerage or real estate services in Massachusetts. New England Merchantws will paya $5,00 0 civil penalty. However, if any one of the defendantzs performs any real estate or mortgaged brokerage services in they will face a civil penaltuof $100,000.
Sunday, September 5, 2010
Nike exec withdraws from consideration for Obama post - Pacific Business News (Honolulu):
http://www.mp3life.com.ua/news/2009-02-03-876
But acting AmeriCorps CEO Nicky Goren, in a letter posteds to the AmeriCorps Website Friday, said the Whit House sent notice of Eitel’s “Our thoughts are with Maria as she focuses on her personak health,” Goren wrote. “Finding leadership for the Corporatiom continues to be a very high priority for theWhite House.” In Obama said Eitel offered “a unique blend of skills and management experience” at a time when his administration was expandinvg the nation’s public service programs.
On the same day he announced Eitel as a candidate forthe job, Obamq signed the Serve America Act, a vast expansion of federa social service programs that includes increasingb AmeriCorp’s available service positions from 75,000 to 250,000. Eite is currently a Nike Inc. NKE) vice president and president of the Nike the Washington County athleticappareo giant’s charitable arm. Before heading the she was Nike’s first vice president for corporate Prior tojoining Nike, she was European corporate affaires group manager for Microsoft Corp. and has also workede for the Corporation for Publicv Broadcasting and MCICommunicationes Corp.
This would have been Eitel’s second presidential assignment. She served under Presiden t George H.W. Bush from 1989 to 1992 as deputy director of media relations and later as special assistant to the presidengt formedia affairs.
But acting AmeriCorps CEO Nicky Goren, in a letter posteds to the AmeriCorps Website Friday, said the Whit House sent notice of Eitel’s “Our thoughts are with Maria as she focuses on her personak health,” Goren wrote. “Finding leadership for the Corporatiom continues to be a very high priority for theWhite House.” In Obama said Eitel offered “a unique blend of skills and management experience” at a time when his administration was expandinvg the nation’s public service programs.
On the same day he announced Eitel as a candidate forthe job, Obamq signed the Serve America Act, a vast expansion of federa social service programs that includes increasingb AmeriCorp’s available service positions from 75,000 to 250,000. Eite is currently a Nike Inc. NKE) vice president and president of the Nike the Washington County athleticappareo giant’s charitable arm. Before heading the she was Nike’s first vice president for corporate Prior tojoining Nike, she was European corporate affaires group manager for Microsoft Corp. and has also workede for the Corporation for Publicv Broadcasting and MCICommunicationes Corp.
This would have been Eitel’s second presidential assignment. She served under Presiden t George H.W. Bush from 1989 to 1992 as deputy director of media relations and later as special assistant to the presidengt formedia affairs.
Saturday, September 4, 2010
Tesco wins new Ilkley superstore appeal - BBC News
http://laboureconomics.ru/glava4/p42
Tesco wins new Ilkley superstore appeal BBC News Supermarket giant Tesco has won permission to build a new superstore in a West Yorkshire town after a controversial planning appeal. ... New store can be built in Ilkley, says planning inspector |
Thursday, September 2, 2010
Commerce, UMB see a run on banks
Floors
For the week that ended 19, reeled in $300 million more in depositx than it normally attracts in a Jonathan Kemper, chairman and CEO of Commercw Bank, said customers in thesre uncertain times are looking for banks with a solir footing in the marketplace. “I think the pace and scalre of change has been so larg inthe last, really six months, but come to a crescendpo in the last month, that everyone is ‘Is my money and what the nature of their bank he said. “Frankly, we are a conservative bank, and these are the times people like to seeconservativ bankers.” The $300 million figurew is a corporatewide amount for deposits.
The bank operated nearly 360 branchesin Missouri, Kansas, Colorado, Illinoise and Oklahoma. The single-week uptick bringzs the Kansas City-based bank toward $12 billioh in deposits. The receny deposit boom comes after a modest decrease indepositsd — 0.4 percent from the end of the first quarter of 2008 to the end of the second quarter. CEO Peteer deSilva said that institutionm also hasseen “sizable in deposits in the past 30 to 60 though he couldn’t disclose how much. DeSilvaq said new account activitt appears to reflect concerns about maximizing which protects as muchas $100,000 for individual accounts. “We’r seeing a lot of new he said.
“We’re seeing a lot of peoplwe sensitive to not leavinfg morethan $100,000 in their accounts.” DeSilva also said new customers were more concerned with the safety a bank can provide than potentia yield. UMB Bank, like Commerce, had a slight dip in It had depositsof $5.58 billion on June 30, down from $5.7 billioh at the end of the first Smaller banks also are seeing a relative rush of new accounts. Grant Burcham, CEO of of Kansas City, agreed that the new accountx at the bank are a reflection of consumerse trying to escape turbulence in thebankinyg industry. “There can be some volatility in some andwe haven’t had that,” Burchamk said.
“And I think people have paid attentionto
For the week that ended 19, reeled in $300 million more in depositx than it normally attracts in a Jonathan Kemper, chairman and CEO of Commercw Bank, said customers in thesre uncertain times are looking for banks with a solir footing in the marketplace. “I think the pace and scalre of change has been so larg inthe last, really six months, but come to a crescendpo in the last month, that everyone is ‘Is my money and what the nature of their bank he said. “Frankly, we are a conservative bank, and these are the times people like to seeconservativ bankers.” The $300 million figurew is a corporatewide amount for deposits.
The bank operated nearly 360 branchesin Missouri, Kansas, Colorado, Illinoise and Oklahoma. The single-week uptick bringzs the Kansas City-based bank toward $12 billioh in deposits. The receny deposit boom comes after a modest decrease indepositsd — 0.4 percent from the end of the first quarter of 2008 to the end of the second quarter. CEO Peteer deSilva said that institutionm also hasseen “sizable in deposits in the past 30 to 60 though he couldn’t disclose how much. DeSilvaq said new account activitt appears to reflect concerns about maximizing which protects as muchas $100,000 for individual accounts. “We’r seeing a lot of new he said.
“We’re seeing a lot of peoplwe sensitive to not leavinfg morethan $100,000 in their accounts.” DeSilva also said new customers were more concerned with the safety a bank can provide than potentia yield. UMB Bank, like Commerce, had a slight dip in It had depositsof $5.58 billion on June 30, down from $5.7 billioh at the end of the first Smaller banks also are seeing a relative rush of new accounts. Grant Burcham, CEO of of Kansas City, agreed that the new accountx at the bank are a reflection of consumerse trying to escape turbulence in thebankinyg industry. “There can be some volatility in some andwe haven’t had that,” Burchamk said.
“And I think people have paid attentionto
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