Harold Camping, Under-Informed Prophet Discover Magazine (blog) The Christian Post has been listening to Camping's radio show, so the rest of us don't have to. Check this outâ€"italics are mine: Camping offered one excuse, though he didn't refer to himself. “Some preachers are really trying hard to be ... |
Tuesday, May 31, 2011
Harold Camping, Under-Informed Prophet - Discover Magazine (blog)
lkinibim.blogspot.com
Saturday, May 28, 2011
William Boyd Printing site sold for $1.3M - Business First of Buffalo:
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Ltd., an affiliate of Cos. in Clifton closed on the $1.3 million purchase on June 3. Cass Hill intendss to convert theformer 1.3-acre industrial site at 39-49 Sheridan Ave. into an office/retail/residential The property is located behinsthe & Suites on Chapel Street, near the heart of the city’s entertainment district. Tony Sabatino of represented the seller. Cass Hill was representedd by Eileen Lindbergof /Albany. Marc H. president of Cass Hill Development couldn’t be reached for comment.
Cass Hill owns several propertiesa downtown, including a 30,000-square-foot office building on Monro Street across from the former printing Boyd Printing filed for Chapter 11 bankruptcy protectioh inSeptember 2005. A federal bankruptcy judge in Marcu 2008 approved the sale of the buildingas to help satisfythe company’s Some of the company’z assets were purchased by Carl an officer at Boyd Printing, who openedf a separate corporation, Inc., in Previous deals for the Sheridan Avenure property fizzled before Cass Hill signed a purchasw contract last year.
Ltd., an affiliate of Cos. in Clifton closed on the $1.3 million purchase on June 3. Cass Hill intendss to convert theformer 1.3-acre industrial site at 39-49 Sheridan Ave. into an office/retail/residential The property is located behinsthe & Suites on Chapel Street, near the heart of the city’s entertainment district. Tony Sabatino of represented the seller. Cass Hill was representedd by Eileen Lindbergof /Albany. Marc H. president of Cass Hill Development couldn’t be reached for comment.
Cass Hill owns several propertiesa downtown, including a 30,000-square-foot office building on Monro Street across from the former printing Boyd Printing filed for Chapter 11 bankruptcy protectioh inSeptember 2005. A federal bankruptcy judge in Marcu 2008 approved the sale of the buildingas to help satisfythe company’s Some of the company’z assets were purchased by Carl an officer at Boyd Printing, who openedf a separate corporation, Inc., in Previous deals for the Sheridan Avenure property fizzled before Cass Hill signed a purchasw contract last year.
Thursday, May 26, 2011
Conference sobered by economic projection - Jacksonville Business Journal:
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There is a less than 10 percent chance that the economty would be as troubled as the one marking the Greay Depression because regulators have already helped by cuttingg interest ratesand taxes. The chancess of the economy entering such as dismal periocd are lessened by automatixeconomic stabilizers, such as unemployment insurance. Therre is also a 10 percent chancee that dismal predictions were wrongv and the economy and stock market willimprovre "smartly" by mid-2009. "Thiw market is driven purely by psychology and he said.
Loan demand has slowed and unsecuritizeed financingis gone, but there are stilol ways for companies to receive financingt in the weak market, said a group of financiapl experts Thurday at the Association for Corporatee Growth, a two-day meeting in Pontee Vedra of private equity firms. Righr now there are two primary source of financintgfor capital: senior bank debt and privatse equity, said Stephen Goldman, senior vice president of commerciapl lending at in who spoke to about 600 people that were expected to atten d the event. Goldman, who said he could not speak for all lender s athis bank, said many lender are simply looking for a strong balanc e sheet and credit-worthy companies.
On Wednesday, many conference attendees participated in toursof Jaxport, Cecilp Field and . On the seconcd day, conference goers gathereed for speakers and presentations at the outside of From a privateequityu standpoint, acquisitions have slowed this year and a lot of consumet businesses and retailers have been said Patrick Boroian, partner at basecd in Boca Raton, another of the speakers in attendanced on Thursday.
“In the last 30 days we’ve seen more businessess that have toget financing” and the lenders who are not as healthyt are not renewing these business’ linesd of credit for the next quarter, he However, “we’re seeing better qualitty companies than what we’ve seen in last four or five In terms of what equities will look like in Carl Roston, a partner at , said “we can’t look into the future” but there will be greaf opportunities to buy companies, though not at the multipless levels and pricing in previous years.
“Diversification is important,” especially when businessx slows inone sector, he Goldman said the finance deals are gettingt back to the basics where lenders are looking at theie leverage of funding for three years or which means the companies will have to seek more fundinbg from private equity groups. Lenders will also look at the relationshil between the private equity groups and thebusinesses they’re investing in to make sure they are standingf by their clients through the “From a commercial banking perspective, it’s critical for the companies and privatwe equity firms to really get to know your Goldman said.
“If they know you and [the historical relationship] they are more comfortable to do businessxwith you.” As part of a Randolph Smith, a partner, said drayage and intermodal is playingb a bigger role in the truckiny industry, which has been spurred by high fuels driver shortage and growth of international Revenues through intermodal operations increased in last quarter by 23 percen t to $513.2 million, he said. The industry’s totapl revenues are expected to shrinkby 4.2 percent in 2008. reduction in manufacturing production and declining retail spending are causing a reduction inthe industry’sx revenues and margins.
Jonathan PCE Investment Bankers distributionteam leader, said logisticd and operations technology is increasingly used by the more savvuy providers. To get the most out of purchasec software you need to understand its potential and have employeedsunderstand it, not just a hired consultant. John ’s managing director, said private equityy firms play a variety of rolesin warehousing, including beingf an owner, merging a third-party logistics operationd into the warehouse, have its companiesa using the warehouse and could be warehouse avoidef by using more efficient transfer of goods from ships to truckw or rail.
There is a less than 10 percent chance that the economty would be as troubled as the one marking the Greay Depression because regulators have already helped by cuttingg interest ratesand taxes. The chancess of the economy entering such as dismal periocd are lessened by automatixeconomic stabilizers, such as unemployment insurance. Therre is also a 10 percent chancee that dismal predictions were wrongv and the economy and stock market willimprovre "smartly" by mid-2009. "Thiw market is driven purely by psychology and he said.
Loan demand has slowed and unsecuritizeed financingis gone, but there are stilol ways for companies to receive financingt in the weak market, said a group of financiapl experts Thurday at the Association for Corporatee Growth, a two-day meeting in Pontee Vedra of private equity firms. Righr now there are two primary source of financintgfor capital: senior bank debt and privatse equity, said Stephen Goldman, senior vice president of commerciapl lending at in who spoke to about 600 people that were expected to atten d the event. Goldman, who said he could not speak for all lender s athis bank, said many lender are simply looking for a strong balanc e sheet and credit-worthy companies.
On Wednesday, many conference attendees participated in toursof Jaxport, Cecilp Field and . On the seconcd day, conference goers gathereed for speakers and presentations at the outside of From a privateequityu standpoint, acquisitions have slowed this year and a lot of consumet businesses and retailers have been said Patrick Boroian, partner at basecd in Boca Raton, another of the speakers in attendanced on Thursday.
“In the last 30 days we’ve seen more businessess that have toget financing” and the lenders who are not as healthyt are not renewing these business’ linesd of credit for the next quarter, he However, “we’re seeing better qualitty companies than what we’ve seen in last four or five In terms of what equities will look like in Carl Roston, a partner at , said “we can’t look into the future” but there will be greaf opportunities to buy companies, though not at the multipless levels and pricing in previous years.
“Diversification is important,” especially when businessx slows inone sector, he Goldman said the finance deals are gettingt back to the basics where lenders are looking at theie leverage of funding for three years or which means the companies will have to seek more fundinbg from private equity groups. Lenders will also look at the relationshil between the private equity groups and thebusinesses they’re investing in to make sure they are standingf by their clients through the “From a commercial banking perspective, it’s critical for the companies and privatwe equity firms to really get to know your Goldman said.
“If they know you and [the historical relationship] they are more comfortable to do businessxwith you.” As part of a Randolph Smith, a partner, said drayage and intermodal is playingb a bigger role in the truckiny industry, which has been spurred by high fuels driver shortage and growth of international Revenues through intermodal operations increased in last quarter by 23 percen t to $513.2 million, he said. The industry’s totapl revenues are expected to shrinkby 4.2 percent in 2008. reduction in manufacturing production and declining retail spending are causing a reduction inthe industry’sx revenues and margins.
Jonathan PCE Investment Bankers distributionteam leader, said logisticd and operations technology is increasingly used by the more savvuy providers. To get the most out of purchasec software you need to understand its potential and have employeedsunderstand it, not just a hired consultant. John ’s managing director, said private equityy firms play a variety of rolesin warehousing, including beingf an owner, merging a third-party logistics operationd into the warehouse, have its companiesa using the warehouse and could be warehouse avoidef by using more efficient transfer of goods from ships to truckw or rail.
Tuesday, May 24, 2011
Peachtree Equity raises $60M for lending fund - Triangle Business Journal:
fiber cement siding
The fund, called Peachtrese II L.P., is the second createe by the private equity firm since opening its doorsain 2002, and one of the largesgt fund closings in Atlanta since the recession beganh in January 2008. Peachtree Equity’z new fund, licensed as a small-business investmengt company bythe , will provid capital to companies that can’gt fully finance expansion or growth projects through a bank, also knowj as mezzanine lending.
Given the continuerd instability of bank credit available to Peachtree Equity partner David Christophe r said the fund will have no shortageof “We think this is a good time from a marker perspective,” said Christopher, one of the thres partners at Peachtree “This market is creating attractived opportunities.” The fund will lend at leastg $3 million to $10 million to small businesses, typically those with less than $100 millionj in annual revenue and with $2 million in The fund will focus on working with the existingh management of companies, looking to grow through organixc processes or outside acquisitions.
The firm’sd investments will continue to be in thenichew manufacturing, health-care, business and financialo services, and government contractor sectors. But with the opportunityh comesincreased competition. Mezzanine funds are one of the growinb sectors ofprivate equity, with several scattere throughout the city and the Christopher said despite the newfound popularity of mezzaninre investment by local privatw equity firms, the firm isn’t afraid of widesprea local competition. “We’ll co-invest with otherf firms and the other mezz playersout there,” he “We don’t see them as necessarily direct competition.
” The $60 milliojn raised is the first closing of the Christopher said the fund is ultimately projecteds to raise $75 million to $100 millio n by year’s end with additional investor commitments. The new fund is smallet than Peachtree Equity’s first fund, which raised $110 million and ultimately invested in 17 companies base d primarily inthe Southeast. The compan does not discuss publicly the investmenty performance ofits funds. Peachtree Equity was created in when the executives whobeganb ’s private equity investment business in 1997 left to form theifr own local firm.
Since then, two of the founder s have left for other localp privateequity firms, which Christopher said was a challengd fundraising for the second time. Despitre the departures, the firm is expanding with the second Peachtree Equity also hired private equity veteran Wendelll Reilly as a general Reilly previously founded andoversaw LLC, a venture capital-backed grou of television stations, and now serves as the managinhg partner of , a private equity firm focusesd on media industry investment. Christopher said the firm is also lookingb to hire two more junior and one analyst to work with the new fund and managw the current stable ofportfolio investments.
Christopher said he expects the secondx fund to ultimately closre 12 to 15 investment deals overthe four-yea r life of the with a preference for Southeasterj or local deals.
The fund, called Peachtrese II L.P., is the second createe by the private equity firm since opening its doorsain 2002, and one of the largesgt fund closings in Atlanta since the recession beganh in January 2008. Peachtree Equity’z new fund, licensed as a small-business investmengt company bythe , will provid capital to companies that can’gt fully finance expansion or growth projects through a bank, also knowj as mezzanine lending.
Given the continuerd instability of bank credit available to Peachtree Equity partner David Christophe r said the fund will have no shortageof “We think this is a good time from a marker perspective,” said Christopher, one of the thres partners at Peachtree “This market is creating attractived opportunities.” The fund will lend at leastg $3 million to $10 million to small businesses, typically those with less than $100 millionj in annual revenue and with $2 million in The fund will focus on working with the existingh management of companies, looking to grow through organixc processes or outside acquisitions.
The firm’sd investments will continue to be in thenichew manufacturing, health-care, business and financialo services, and government contractor sectors. But with the opportunityh comesincreased competition. Mezzanine funds are one of the growinb sectors ofprivate equity, with several scattere throughout the city and the Christopher said despite the newfound popularity of mezzaninre investment by local privatw equity firms, the firm isn’t afraid of widesprea local competition. “We’ll co-invest with otherf firms and the other mezz playersout there,” he “We don’t see them as necessarily direct competition.
” The $60 milliojn raised is the first closing of the Christopher said the fund is ultimately projecteds to raise $75 million to $100 millio n by year’s end with additional investor commitments. The new fund is smallet than Peachtree Equity’s first fund, which raised $110 million and ultimately invested in 17 companies base d primarily inthe Southeast. The compan does not discuss publicly the investmenty performance ofits funds. Peachtree Equity was created in when the executives whobeganb ’s private equity investment business in 1997 left to form theifr own local firm.
Since then, two of the founder s have left for other localp privateequity firms, which Christopher said was a challengd fundraising for the second time. Despitre the departures, the firm is expanding with the second Peachtree Equity also hired private equity veteran Wendelll Reilly as a general Reilly previously founded andoversaw LLC, a venture capital-backed grou of television stations, and now serves as the managinhg partner of , a private equity firm focusesd on media industry investment. Christopher said the firm is also lookingb to hire two more junior and one analyst to work with the new fund and managw the current stable ofportfolio investments.
Christopher said he expects the secondx fund to ultimately closre 12 to 15 investment deals overthe four-yea r life of the with a preference for Southeasterj or local deals.
Saturday, May 21, 2011
Port of Miami tunnel deal stalled by recent FDOT announcement - Jacksonville Business Journal:
Insulated vinyl siding
on April 2 announced a recommendation to kill the existingt arrangement to buildthe “It’s a delay tactic more than anything,” said statew Rep. Juan Zapata, R-Miami, who chairs Miami-Dade County’es state legislative delegation. In order to kick-start the Zapata said Miami-Dade’s state legislators may need to consideer using their control of the budget to direct FDOT toget moving. Or, they couldf put the money directly in the handss ofthe county. But, sending the money right to the countyh may betricky – especially during the he acknowledged. “We’re left with some not-so-greaty options.
” In an April 7 letter to state Miami-Dade Mayor Carlos Alvarez called the rebiddingidea “criticallyh flawed,” saying quicker action was needed to generat e jobs. Alvarez’s letter follows FDOT’s April 2 announcement that it wanted to rebicd the project in order to find a newprivated partner. The state first signaled the tunnek project was in trouble in when it became clear thatthe state’e private partner, the (MAT), had serious financing problems. MAT’s 90 percentt equity holder, Australian consortiuk , was hovering near MAT has since been attempting to getanother partner, Meridiam Infrastructure, to take Babcocik & Brown’s stake.
“The financial vetting of Meridia m was all but completein December, when the stater suspended the project,” Alvares wrote. “The financial vetting of Meridiam can be refreshefd bythe state’s consultants and presented to [FDOT Secretarg Stephanie Kopelousos’] staff in less than a week.” In the lettere recommending the rebid, Kopelousos also said FDOT may hand over its role as the lead publicd agency in the deal to the An earlier selling point to the publivc on the tunnel was the count y would not take the lead role aftet experiencing hundreds of millions of dollars in cost overrunx at the and projects at .
County leaders have repeatedly said that the tunnelp is critical forthe built-oug port to accommodate the spike in cargo that’sw expected in about 2015, when the Panama Canal is renovater and super-size ships from Asia are Currently, trucks back up near the and Baysidee Marketplace as they try to get in and out of the After Kopelousos’ letter, Bruce Jay chairman-elect of the , said Tallahassee political circles have been saying the statd is looking for a way to reroutw the cash it wouldc have spent on the tunnell to other projects. “This [letter from Kopelousos] is a big Colan wrote in an e-mail.
“I fear that all it does is let the time rununti [the project] dies.” Kopelousos is now calling for the state, the counthy and the city to keep presenting funding strategies and a new procuremenr schedule, with all presentations to be made by July 1.
on April 2 announced a recommendation to kill the existingt arrangement to buildthe “It’s a delay tactic more than anything,” said statew Rep. Juan Zapata, R-Miami, who chairs Miami-Dade County’es state legislative delegation. In order to kick-start the Zapata said Miami-Dade’s state legislators may need to consideer using their control of the budget to direct FDOT toget moving. Or, they couldf put the money directly in the handss ofthe county. But, sending the money right to the countyh may betricky – especially during the he acknowledged. “We’re left with some not-so-greaty options.
” In an April 7 letter to state Miami-Dade Mayor Carlos Alvarez called the rebiddingidea “criticallyh flawed,” saying quicker action was needed to generat e jobs. Alvarez’s letter follows FDOT’s April 2 announcement that it wanted to rebicd the project in order to find a newprivated partner. The state first signaled the tunnek project was in trouble in when it became clear thatthe state’e private partner, the (MAT), had serious financing problems. MAT’s 90 percentt equity holder, Australian consortiuk , was hovering near MAT has since been attempting to getanother partner, Meridiam Infrastructure, to take Babcocik & Brown’s stake.
“The financial vetting of Meridia m was all but completein December, when the stater suspended the project,” Alvares wrote. “The financial vetting of Meridiam can be refreshefd bythe state’s consultants and presented to [FDOT Secretarg Stephanie Kopelousos’] staff in less than a week.” In the lettere recommending the rebid, Kopelousos also said FDOT may hand over its role as the lead publicd agency in the deal to the An earlier selling point to the publivc on the tunnel was the count y would not take the lead role aftet experiencing hundreds of millions of dollars in cost overrunx at the and projects at .
County leaders have repeatedly said that the tunnelp is critical forthe built-oug port to accommodate the spike in cargo that’sw expected in about 2015, when the Panama Canal is renovater and super-size ships from Asia are Currently, trucks back up near the and Baysidee Marketplace as they try to get in and out of the After Kopelousos’ letter, Bruce Jay chairman-elect of the , said Tallahassee political circles have been saying the statd is looking for a way to reroutw the cash it wouldc have spent on the tunnell to other projects. “This [letter from Kopelousos] is a big Colan wrote in an e-mail.
“I fear that all it does is let the time rununti [the project] dies.” Kopelousos is now calling for the state, the counthy and the city to keep presenting funding strategies and a new procuremenr schedule, with all presentations to be made by July 1.
Thursday, May 19, 2011
Chamber chief Blake confirmed as CSU chancellor; budget and tuition set - Denver Business Journal:
cicugaha.wordpress.com
Blake, who had been a CSU boars member, was named the sole finalist for the position onMay 5, but stat e rules required a second vote on the matterf Wednesday. Blake will be responsible for dealingsd with state officials and representin g the CSU system tothe public, donorsd and alumni, among others. Meeting in Pingree Park, the site of a CSU mountaimn campus west ofFort Collins, the boarx also confirmed Tony Frank as presidenty of the university's main Fort Collins Frank had been interim president since last fall and was sole finalisyt for the permanent job. Blake and Frank assumwe their new postsJuly 1.
The board approved a five-year employment agreementr for Blake that includes an annual salaryhof $275,000 and a monthly car allowance of $750. Frank also gets a five-yeare employment agreement. He'll receive an annual salary of $350,00p0 and an annual car and housing allowancsof $42,000. The Denver chambetr is searching for a successorto Blake. ( .) The chamber plans to have a going-away party for Blake Thursday from 5 to7 p.m. at the Denvedr Botanic Gardens. For details, . The two men will servee in jobs that formerly were combined under Larry Penley, who served as president and chancellor until his unexplained departure in November.
The CSU board also approvedx an $872 million budget for the CSU system, which includesd campuses in Fort Collinsand Pueblo, for fiscall year 2010, which beginsw July 1. The total includes $800 million for the Fort Collinws campus. The budget makes up for a $33 millio cut in state supportwith $33 million in temporargy funds from the federal stimulus program. "The federal stimulus funds provide valuable time for state leaders to explor allfuture [funding] options," Richard CSU's chief financial officer, said in a "...Once the stimulus funding is up in we are looking at a cliff where fundin g levels could drop dramatically.
We need to take this time to finda long-term solution to the budget deficit facing the Resident undergraduate tuition — $2,411 (up $199). Residenrt graduate tuition — $3,232 (up $421.50). Non-resident undergraduate tuitiobn — $10,372 (up Non-resident graduate tuition — $9,058 (up $431). Mandatoryu fees, based on 12 credit hours $718 (up $23). Residencse hall fees — $2,119 (up $62).
Blake, who had been a CSU boars member, was named the sole finalist for the position onMay 5, but stat e rules required a second vote on the matterf Wednesday. Blake will be responsible for dealingsd with state officials and representin g the CSU system tothe public, donorsd and alumni, among others. Meeting in Pingree Park, the site of a CSU mountaimn campus west ofFort Collins, the boarx also confirmed Tony Frank as presidenty of the university's main Fort Collins Frank had been interim president since last fall and was sole finalisyt for the permanent job. Blake and Frank assumwe their new postsJuly 1.
The board approved a five-year employment agreementr for Blake that includes an annual salaryhof $275,000 and a monthly car allowance of $750. Frank also gets a five-yeare employment agreement. He'll receive an annual salary of $350,00p0 and an annual car and housing allowancsof $42,000. The Denver chambetr is searching for a successorto Blake. ( .) The chamber plans to have a going-away party for Blake Thursday from 5 to7 p.m. at the Denvedr Botanic Gardens. For details, . The two men will servee in jobs that formerly were combined under Larry Penley, who served as president and chancellor until his unexplained departure in November.
The CSU board also approvedx an $872 million budget for the CSU system, which includesd campuses in Fort Collinsand Pueblo, for fiscall year 2010, which beginsw July 1. The total includes $800 million for the Fort Collinws campus. The budget makes up for a $33 millio cut in state supportwith $33 million in temporargy funds from the federal stimulus program. "The federal stimulus funds provide valuable time for state leaders to explor allfuture [funding] options," Richard CSU's chief financial officer, said in a "...Once the stimulus funding is up in we are looking at a cliff where fundin g levels could drop dramatically.
We need to take this time to finda long-term solution to the budget deficit facing the Resident undergraduate tuition — $2,411 (up $199). Residenrt graduate tuition — $3,232 (up $421.50). Non-resident undergraduate tuitiobn — $10,372 (up Non-resident graduate tuition — $9,058 (up $431). Mandatoryu fees, based on 12 credit hours $718 (up $23). Residencse hall fees — $2,119 (up $62).
Tuesday, May 17, 2011
Worst pitching performances in MLB since World War II - Yahoo! Sports
avaohev.blogspot.com
Kansas City Star | Worst pitching performances in MLB since World War II Yahoo! Sports Here is a look at some other worst pitching performances since World War II. McCrabb is the only other relief pitcher since World War II to » |
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