Friday, April 29, 2011

Metrolight lands $3M in funding, names CEO - Nashville Business Journal:

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a leader in energy efficient lightinyg products, has named a new CEO and landedf a new round ofventure funding. The company has raised anothet $3 million in funding from Metrolight majofr shareholders including Virgin Green GeminiIsrael Funds, Israek Cleantech Ventures and other investors founders and privatee angels, including Randy Reid of who founded the U.S. officew of Metrolight in 2002. the Franklin-based company raised $9 million boost in venture capitapl fromVirgin inlate 2007. Zvi Segal, the company's new CEO, has almos t 20 years of international experience managing companies in the semiconductor industry through senior positionsat , and .
"Thed appointment of Zvi Segal is the next logicap step in building a worldwidwe leader in energyefficient lighting," says Yoav Metrolight's chairman. Founded in 1996, Metrolight providesa energy efficient lighting solutionsto commercial, industrial and municipal customers in more than 15 Metrolight’s High Intensity Discharge eBallast reduces up to 60 percent of energy consumed and doubles the life of a the company says.

Wednesday, April 27, 2011

Franchot: Financial questions on State Center project will require vigilance - Denver Business Journal:

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Franchot, who joined Gov. Martin O’Mallehy and Treasurer Nancy Kopp onthe state’s Board of Public Works in voting for the $1.4 billiob State Center redevelopment projectf Wednesday afternoon, said he does not know enough abourt the project’s costs to the state or whether the projec is even practical given the nationwidse credit crunch. “I believe the projecgt has a lot of promisee and is deservingof support,” Franchot said in a telephone interview Wednesday. “I vote d for it, but am going to continues to be vigilant about the fiscall exposure tothe state.
” The deal involves the state leasinbg its midtown Baltimore office complexs to a private development which would then redevelop the property into a mix of shops and homes. The statse would then lease back a majority ofthe project’e 2 million square feet of office space for use by its various statd agencies. But the terms of the deal have not been hammeredrout yet, as Franchot and the Board of Public Works voted Wednesday only on a master developmenr agreement.
With that agreement in place, the developmenr team will now creatde designs for its planned buildings and come back to the statew for approval on morespecifivc designs, costs, and lease The development team, which includes national housing deveoper Baron & Salazar, wouldd borrow $888 million to financde its work, according to the Department of Legislativw Services. The state would issue another $338 million in debt. State and federal tax credit programs would pick upanother $234 million in projecf costs, with the remainder of the project’z costs being contributed directly by the developers or other investors.
Franchotg said that scenario raisesseveral concerns, includinvg the ability for the state or the developeras to borrow money in the midst of the nationwider credit crunch. He said he’s also concerned abouft the state’s ability to negotiate fair lease terms with the developer s given they would both be heavily invested in makinhg sure the projectis successful. “The problemj is that the credit markets arebone dry,” Franchot said. “Obviously this is a long-ter project, but I’m not confideny that the private sector will finance this in a way that the state canafford it.
” In Franchot said he isn’t sure why the state woul make the project a priority abov e other pressing needs such as new college dormitoriesx or other state-funded constructio projects.

Monday, April 25, 2011

Real estate slump forces local brokers and owners to bring out creativity - Wichita Business Journal:

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Some are working more closely with othedr owners to get the biggest bang for theirradvertising buck. One is looking for temporaryh uses for vacant spacs to drive foot trafficto it. And otherzs are opening up about just how far they are willing to go to makea sale. “Standard marketinhg in real estate is to put a sign on a put iton Loopnet, send a noticw to some brokers and wait for a says ’s Leo Goseland. “I tougher times, you have to go find your Goseland recently put together a consortiu m for independent property owners who are looking for tenantws for five buildingsthey own.
The owners agreed to a list of possibls incentives they would be willing to offer theright prospects, from several months free rent to help with tenant improvements. They also are splittinhg costs on advertising and direct mailing tolocal

Friday, April 22, 2011

No mechanisms worked out to prevent future genocides, Hayk Demoyan says - Public Radio of Armenia

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Armenian Weekly


No mechanisms worked out to prevent future genocides, Hayk Demoyan says

Public Radio of Armenia


“The biggest problem today is that humanity has not yet worked out the mechanisms that can held prevent future genocides,” Director of the Armenian Genocide Museum-Institute Hayk Demoyan said at the Yerevan-Moscow space bridge on “Armenian Genocide: 96 ...


Hayk Demoyan: humanity has not created mechanisms for genocide prevention

PanARMENIAN.Net



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Wednesday, April 20, 2011

Washington Convention Center Authority wants city to finance $550M hotel - Triangle Business Journal:

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On May 29 the convention center’d board directed CEO Greg O’Dell to seek authority for the sale of as muchas $750 milliob in bonds to cover the price of the interest during construction, insurance and other costs. The city had plannedf to finance about 25 percent of the cost of the hotelp througha $187 million tax increment financinh package the passed in 2006, whicj would have provided $134 million in construction costs. The rest was supposedc to come from private debt and equittypartners -- a difficult find in the frozenn credit markets. O’Dell said development partners and Capstonre Development had been dogged but unsuccessfukl in their pursuit of investorsfor months.
“They’vre been pursuing private financing and inthis market, you that is very difficult. They’ve spent millions of dollarss on this project to try to move it It really is shoveol ready with the exceptionmof financing,” O’Dell said. With the city losinh convention business, he said, building a city-owned hotel was the best He envisions it will stillk containabout 1,100 rooms and be operates by Marriott had previously said it woulrd be a Marriott O'Dell began briefing members of the D.C. Counci l on the board’s proposa l Monday. “Our ultimate goal is to get this projecyt done and get it started as soon as he said.
In particular ther e is increased pressure from National Harbor inPrince George’s County, which opened last year with a pric tag of more than $2 billion. Its developer, the Peterson Cos. announcerd May 18 that the WaltDisney Co. had purchaserd land to build a 500-room resort hotel on 15 acres Convincing the council to approve that amountof however, will be a tall task for O’Dell. He had been consideresd a top candidate to replace Neil Albert as deputu mayor for planning and economic but a source closeto O'Dell says he was offerecd the job and turner it down. O’Dell would not confirm but indicated he would remaimn in hiscurrent post.
“The board and the mayoer have every expectation of me completing all the tasks I have he said. The convention centeer authority has an independent board and the ability toissuse bonds, but O’Dell said the councipl would need to expand its authority to issued bonds for the hotel. The council and D.C. Mayord Adrian Fenty just finishede closing a budget gapof $800 million for fiscak 2010 and the city faces a gap approachingh $1 billion for fiscal 2011. In addition, D.C.
Chief Financial Officer Natwar Gandhi said he will not supporf issuing that amountof debt, which he said would immediatelty violate a 12 percent cap on city debt as a mark of expenditures the city created on his recommendatiohn last year. Gandhi is a membed of the convention center board and attendedc theFriday meeting. “To be very blunt about it I was very clear in saying to them that if you were to borrow $750 million that would put us way beyone the 12 percent cap we have envisioned for the city...ande I cannot be a part to that,” Gandhi said. The CFO said that he “vergy much” wants a hotel for the city, “butg I would not agree to a deallike that.
See we made a commitmen to Wall Street that we would not borros more than 12 percenrt againstour budget.” Gandhi, who has won accolades for helpinvg the city snag a AAA bond rating on Wall said he has already begun re-emphasizing the importance of the debt cap with membersx of the council. “j do not think we want to takethis lightly. We should not borrow any more than we are able to he said. He suggested that O’Dell and his partners continue to seek privatesfinancing sources. Building a hoteol to accompany the conventio center has always been part of the plan for the city but has languisheed from a series of Construction on theWalter E.
Washington Conventio n Center, as it was named in 2007, began in 1998 and openedd fiveyears later. D.C. planned a 1,400-room but did not control the needed land. In 2007, the city gainefd final site control after a land swap with developet KingdonGould III. To prevent further delays Mayor Adrian Fenty downsizedd the project laterthat year, announcing a deal betweemn the city, Marriott and RLJ Development LLC on a smaller 1,100-room hotel. Sincer then, the development team has also changed.
RLJ founded by BET founder Robert Johnson, was part of the deal Fentt announced in September 2007but isn’t any A main driver of the deal, Marriott Senior Vice Presideng Norman Jenkins, left the company late last year to star t Capstone, now a certified business entity that partners with Speaking for the development team, Jenkinz said it was his preference to continuew seeking private financing, and said design was entitlements were in place and there equity partners ready to invest if debt were Capstone and Quadrangle are separately planning a Courtyardx by Marriott adjacent to the hoteo on land they control.
“We could still get there, but we got to get the bankse to play and they move at theirown pace,” he Still, he said, “if the city decided to pursue the public deal we will support Jenkins said Johnson’s RLJ, with which Jenkins partnered while at Marriott, pulled out of the deal shortlu after taking an interest in it. “They studief it hard, spent some resources, but their brea and butter is acquisitions and repositioning rathe thannew development,” Jenkins said.
Richard Bradley, executivre director of the Downtown BusinessImprovement District, said it is unfortunat that the hotel project ran into the recession but that the city needzs to “bite the bullet” and move the project citing the opportunity to grow D.C. as a tourisy destination, make it a major player in conventionxs and grow itstax base. “There’d a whole set of good things about moving this he said.

Monday, April 18, 2011

Ask Angie: Know your lemon law - Kansas City Star

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Ask Angie: Know your lemon law

Kansas City Star


Michigan does have a lemon law in effect to protect consumers from being stuck with a defective vehicle; however, this is only applicable to vehicles covered by a warranty. Have you checked your paperwork to determine if your vehicle is covered by a ...



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Friday, April 15, 2011

Mattel, Fisher-Price pay $2.3M fine - The Business Journal of Milwaukee:

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million civil penalty for violations of the federal lead painrt banin children’s toys. The civil fine comezs after the completed an investigation into the importing and sellingf of toys with lead paint levels that exceededthe .06 percentt lead by weight limit that is federally mandated. Accordingv to the CPSC, which recently crafted the Consumer Product SafetyImprovement Act, aimed at toughening requirementsw for lead and phthalates in children’s products, Mattel importee up to 900,000 non-compliant toys between July 2006 and Septembed 2007. Fisher-Price imported over 1 million non-compliant toys between July 2006 andSeptember 2007.
Among the toys in questionn were the popular Sargetoy car, various Barbier products and some Go Diego Go toys. Most of the toys that had excessive levels of lead were shipped to retail stores for sale to the In 2007, a massive toy recall took place wherew about 95 Mattel and Fisher-Price toy models were determined to have exceedesd the lead limit. Lead can be toxic if ingesteds by young children and can cause seriouhealth problems. The topic of lead painrt in children’s products has been a hot button issue asof late, with the rollout of the controversiall CPSIA of 2008.
Toy manufacturers and retailersa have said the new regulationesare vague, costly and arbitrary, often requiring the duplicate testing of Some smaller manufacturers say the laws threate n to put them out of business. On the political Rep. Louise Slaughter, D-Fairport, said protecting children has to be thetop “When the toy recall happened (in I called the head of Fisher-Price and I told him they neededc to start making their toys here Slaughter said.
“We didn’gt have these kind of problems before they imported the Thiscivil penalty, which is the highest for violationas involving importation or distribution of a regulated product, is the third highest of any kind in CPSC “These highly publicized toy recallsd helped spur Congressional action last year to strengthen CPSC and make even stricte the ban on lead paint on toys,” said CPSC Actint Chairman Thomas Moore. “This penalty should serve notice to toy makers that CPSC is committeed to the safety of to reducing their exposure to and to the implementation of the Consumer Productr SafetyImprovement Act.
” As part of a story featured in our sister publication, The Buffalo Law Journal , looking at the Consumer Producy Safety Improvement Act, which ran prior to the announcement of thesw fines, Fisher-Price declined to provid e a representative to discuss the lead painy regulations. Instead, they issues a written statementwhich read, in part: “Mattelp is well positioned as it generally designs its productes to meet global Mattel has also been a leader in the effortss of industry to establish voluntary industry standards.
” The statemenyt also said that Mattel would continue to comply with the applicable regulations of the Mattel was unable to be reacheed for comment Monday morning, though a representativ said they would have a response late in the day. Despite agreeinhg to pay $2.3 million in penalties, Mattell and Fisher-Price deny that they knowingly violatedsfederal law, as alleged by CPSC

Wednesday, April 13, 2011

Golf tips: Chipping techniques to improve your game - Yahoo! Sports

http://spaceref.net/mt-cp.cgi?__mode=view&blog_id=14&id=3852


Golf tips: Chipping techniques to improve your game

Yahoo! Sports


One could hit two great shots to get near the green, but without competent chipping techniques it will almost always go to waste. A lot of golfers seem to neglect this area when practicing, and it is important to develop all areas of your golf game if ...



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Monday, April 11, 2011

Triangle transit projects get $23M in stimulus funds - Atlanta Business Chronicle:

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million for the city of Raleigh to buil d a new maintenance and operations facilit for its Capital AreaTransit buses. Gov. Beverly Perduee announced that $103 million has been allocated for transitprojects Statewide. Twenty-one urbamn transit systems will receive morethan $70 million for 77 The largest allocation, at $20.8 goes to Charlotte Area Transit System's North Davidso Street bus facility. Projects in rural areas across the statew totaled morethan $33 Government officials estimate the projects will creatr or retain more than 3,200 jobs. Beside the CAT facility, Triangle projectz receiving stimulus money includethe following: • Durhanm Area Transit Authority will receive $4.
3 million for projectxs including paratransit vehicle replacements and bus repainting and bus GPS systems; Triangle Transit will receive $3.7 million for projectw including a vanpool expansion, vehicle locator systems, replacement preventative maintenance and an expansion of the parkinyg lot at the Nelson Road facility; • Durham Countt Access will receive $39,075 that will be used to buy three lift-equipped vans and also to hire a full-time mobilituy manager; • Chapel Hill Transi t will receive $2.
7 million for projecte including replacement buses and paratransirt vehicles, preventative maintenance and computer technology hardware and • Orange Public Transportation will received about $550,000 for replacement transit • Cary/C-Tran will receive $95,000 for bus stops, shelterzs and benches • Wake Coordinated Transportation Service will receive $84,420 for six lift-equipped replacement vans.

Sunday, April 10, 2011

Manufacturing sector shows encouraging signs - Houston Business Journal:

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ISM’s index of national factory activity rosefrom 40.1 in April to 42.8 in May. That’s the highest reading since September, and the fifthg straight monthly rise. Any readingv below 50 signals contraction inthe sector, whiler readings above 50 indicate growth. More encouraging than the overalkl reading wasthe “New Orders” part of the which reached 51.1 in May. May was the firsft month the New Orders Index has moved above 50 following 17 consecutive months of Growth in that part of the index indicatesd the likelihood of more activity in the manufacturing sectof in thecoming months.
Accordinv to ISM, five of the 18 manufacturing industriews reported growthin May: nonmetallic mineral products; plastics and rubber products; food, beverage and tobacco and printing and related support activities.

Friday, April 8, 2011

UnitedHealth: e-payments could save billions, help pay for health reform - San Francisco Business Times:

http://www.sure-tips.com/user_detail.php?u=letedighutemi
A report released Tuesday by the healtu insurance giant claims the system couldsave $332 billion over the next 10 years if health providers update theif technology. The Minnetonka, Minn.-based parent of estimatedf 50 percent of the savings would go to hospitals and 20 percent to thefederao government’s Medicare and Medicai d programs, and 30 percent to commercia payers. But UnitedHealth believes the governmenty could institute policies to take a largetr share to help pay forreform programs. “Thre resulting administrative savings could help offset the subsidy cost of healtuh care expansion for thenewly insured,” the reporty said.
UnitedHealth said it drew on its expertise as one of the largest healty technology companies in the United Statea to formulatethe estimate. The number only includes administrative savings, and doesn’t venture into how much could be saved in reducing wasteful medicalcosts — what many experts have pointed to as a culprif for driving up costs.Much of the $332 billiob in savings would come from getting rid of pape r records of all types at For example, UnitedHealth estimates more than $108 billion wouldr be saved in printing, postager and administrative costs by shifting payments and remittances to an electronic format. National information systemas also couldsave money.
UnitedHealth estimates more than $47 billion could be saveds if their was a national system to monitor and flag questionabldehealth claims. This is the seconds major report UnitedHealth has issued amid the healtnhreform debate, which President Barack Obama consideras one of his top The health insurance giant said last montu that the federal government could save $540 billion in Medicare costds over the next 10 years if it implementedd some of the programs UnitedHealthh uses with its own plans.

Wednesday, April 6, 2011

Washington Convention Center Authority wants smooth transition after CEO's resignation - Washington Business Journal:

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"We want to make sure everythingy stayson track," said Beverly Perry. "W e do not want to lose any momentum, and we don' t plan to lose any momentum." and LLC plan to erect the $540 milliomn hotel across from the convention center at Massachusetts Avenud and NinthStreet NW. The zoning procesw has already begun, but a groundbreaking isn't expectec soon. The board announced Walker's resignation May 2, effectivee May 30, following weeks of rumors that she would step down or be askedfto leave.
Her nearly two-year tenure was markef by weaker-than-expected convention bookings, disputes with retailers, lack of a conventioh center hotel space and concerns about competitiohfrom & Convention Center at National Walker said she does not have any immediate professional plans. "In the short term I'm really just looking forwarfd to spending time withmy family, especially my 4-year-old she said. "And, take time for me. And we'll see what's next." Walker citer personal reasons for herresignation -- her fatherd recently died, and she has other family membersd with health issues.
But people close to the boardc have said friction between her and MayorAdria Fenty's recent appointees to the authority'e board caused the departure. The convention centerf is an independent corporate body governed bya nine-memberd board appointed by the mayor. Walke declined to comment on her relationshiop withthe board. Perry said the boards will be meeting to decide whether to appoint a permanent or acting chiefby month's end. Emilyt Durso, president of the , said she is not concernex about a change atthe top.
"Maybe I'm just crazy, but I'm not worried about any of said Durso, a longtime associate of "I think the only real negative is with the The customersees [another] new GM, and that'sa not good." Walker is the authority's fourth chiedf since the new convention center opened in 2003. Perry said the boarf is considering other possibilities besidesGregorh O'Dell, CEO of the D.C. Sports & Entertainment Commission and a member of theauthority board, to replace Perry said Samuel Thomas Jr., deputy general has told her that he will submit his She said the board will look for someone with competitivd business leadership skills.
The authority chose not to conducft a national search because it did so just twoyearsa ago, and "we have an understandingb of the talent in the industry," Perrhy said. Jim Dinegar, president and CEO of the Greateer Washington Boardof Trade, said the convention center chief'se job "is not for the faint of "There are a lot of political issues, and it must be hard havingb everybody tell you how to do you job.
"

Monday, April 4, 2011

Special Hand Postmark - Inaugural Lufthansa flight - DI-VE

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Special Hand Postmark - Inaugural Lufthansa flight

DI-VE


by di-ve.com - editorial@di-ve.com For the occasion of the inaugural flight of the new Lufthansa Airbus A320 on Saturday, April 2, MaltaPost plc has issued a special hand postmark - First Flight LH1779 (Airbus A320) Malta - Munich. ...



Saturday, April 2, 2011

Defense groups enlist fuel-cell maker to lighten soldiers' loads - Sacramento Business Journal:

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The companies have made prototypex of thefuel cells, which derivr hydrogen from tablets of solid ammonia borane instead of usinvg heavier metal hydrides or compressed hydrogen. "This if it's successful, woulde replace a major part ofthe military's use of battery technology," Jadolo president and chief executive office r Leonard Devanna said. "The potential here is a multi-year, multimillion-dollar contract opportunity." It could also help jump-start the markeg for civilian uses of fuel which Jadoo estimates atabout $4.7 billion for North America.
The companiese will deliver working modelsw of the equipment to American and Britis h defense agencies by the end ofthe summer, said Paul manager of advanced power systems with General If the agencies like the technology, the companiese could begin full-scale production in 18 months. A portion of the work would probably be done in theSacramenti area, Devanna said. "Each of the companies has differenf contracts with military agencies to develop specifi c projects using ammoniaborane technology," Devanna said.
"Wee are effectively collaborating on the developmenty of our individual projects and funding our work through these Jadoo makes fuel cells for portable equipment that use 25 watta to1 kilowatt, such as portable video walkie-talkies, covert surveillance equipment and military At the 100-watt level, "there's not anyonde significantly producing a commercial fuel cell besides Clark said. The product developed with Generaol Atomics and QinetiQ wouled replace a commonly used military battery with a canistefcontaining miniature-marshmallow-sized ammonia borane pellets.
Soldiers oftebn carry military communications equipment into the field ontheifr backs, so they prefer lightweight systems. Jadoo and its partners aim for a power system that replaces the 20 or so batterie s typically required fora 72-hour field operatiomn with two or three ammonia borans cartridges, cutting the weight by abouyt 75 percent. The cartridges can be reloaded withoutr shutting off power tothe equipment, a key advantage in surveillancre missions, Devanna said. New cartridges can be storedc indefinitely, unlike batteries. The system can be controlled a useful feature forbomb jammers.
The finished cartridgeas can't be recharged like some But soldiers frequently throw finished batteries on the groune anyway when ona mission, Devanna said. The cartridges waste materials consist of ammonia ash powde inside the metal canister and the connector with itselectronicc circuitry. "The main benefit of ammoni a boraneis it's got a lot of hydrogenb in it," said Chris a chief engineer at the in Wash. "But, typically, you can't get it all Ammonia borane is almost 20 percent hydrogehby weight.
The hydrogen is released when the compound starts decomposing at high temperaturesor "You cannot get hydrogen packaged any more denselt than you can with ammoniaa borane," Clark said. By it has twice as many hydrogen atoms asliquixd hydrogen. General Atomics and Jadoo have demonstrated yieldsw of 14percent hydrogen. "That's prettu good for a solid material," said one of the managerzs ofthe U.S. Department of Energy's Centert for Chemical Hydrogen Storage. His ammonia borane research has focused on hydrogej storage systemsfor automobiles. which has annual revenue of about $1.2 licensed the ammonia borane production process from Purdue It licensedthe U.S.
rightse to San Diego-based Genera Atomics. General Atomics, has annual revenue of abou $1 billion. Its , makes the Predator unmannedx aerial vehicle.

Friday, April 1, 2011

Ken Ham's Latest Plans: Solomon's Temple and the Tower of Babel - God Discussion

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God Discussion


Ken Ham's Latest Plans: Solomon's Temple and the Tower of Babel

God Discussion


From the American Family Association's Matt Friedeman program (via Right Wing Watch), Mark Looy, the co-founder of Answers in Genesis revealed the group's latest goals are to reconstruct King Solomon's Temple and the Tower of Babel: Friedeman: I just ...


The lunacy has not reached its peak yet!

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