Wednesday, September 14, 2011

Older population expected to triple by 2050 - Houston Business Journal:

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In contrast, the populatiom under 15 is expectecd to increase by only 6 percent during thesame period, from 1.83 billionb to 1.93 billion. The Censuws Bureau said that in the United Statess those 65 and older will more than double by rising from 39 million toda to89 million. While children are projected to still outnumber the oldere population worldwide in the under 15 population in the United States is expected to fall below the older population bythat date, increasinhg from 62 million today to 85 million. Thesr figures come from the world population estimates and projectionas released today through theCensus Bureau'd International Data Base.
This latest update includes projections by age, including people 100 and older, for 227 countriess and areas. Less than 8 percentr of the world's population is 65 and By 2030, the world's population 65 and oldee is expected to reach 12 andby 2050, that share is expected to grow to 16 "This shift in the age structure of the world'sa population poses challenges to families, businesses, health care providers and policymakers to meet the needd of aging individuals," said Wan He, demographer in the Censues Bureau's Population Division.
Europe likelh will continue to be the oldest regiob inthe world: by 2050, 29 percent of its tota l population is projected to be 65 and On the other hand, sub-Saharan Africa is expected to remain the youngest region as a result of relativelyu higher fertility and, in some nations, the impact of HIV/AIDS. Only 5 percentg of Africa's population is projected to be 65 and olderin 2050. Countriea experiencing relatively rapid declines in fertility combined with longer life spanes will face increasinglyolder populations. These countries will see the highesy growth rates in their older populationd over the next40 years.
There are four countrieas with 20 percent or more of their populatio n 65and older: Germany, Italy, Japan and By 2030, 55 countries are expected to have at leasty one-in-five of their total populationj in this age category; by the number of countriezs could rise to more than 100. Althougb China and India are the world's most populouxs countries, their older populations do not representy large percentages of their totalpopulationse today. However, these countries do have the largest numbefr of olderpeople -- 109 milliojn and 62 million, respectively.
Both countries are projectedr to undergo morerapid aging, and by will have about 350 million and 240 million people 65 and older,

Monday, September 12, 2011

Chris Willman: Real estate led to financial career - Tampa Bay Business Journal:

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To manage internal information flow, I depend on BlackBerry and my assistant, Mrs. Teeling. E-maio and technology are efficient tools for sharing data and but I insist on oldfashioner face-to-face communication to share knowledgwe and information. For external clients, trade publications, newsfeedsw and certain Web sites keep me on topof what’z going on in our markef and industries that might affect us or our How do you keep yourself currentr in your field? The Florida and American bankers associations are valuable sources of information. Their materials and conferencea keep me up to speed on industry trenddand regulations, but nothing beats sharingf information with my colleagues.
Where is the best sourc for new ideas? Our employees. I encouragde our team to think outside of the box and to communicatertheir ideas. I also encourage employees to challengd the way we do business if therre are better ways to servdeour clients. What was your best business idea? My best business idea was to enhancse our bank culture by using an approacj and philosophy of a key membed ofour staff, that of client advocacy. It has proven to be the best way to build trusting relationships, and thus clients, for Its implementation becomes unique to each of our employees and resultx in great success for their client and our business.

Saturday, September 10, 2011

Former Provident Bank exec lands at MacKenzie Capital - St. Louis Business Journal:

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The move comes at a tumultuous time for the bankinbg and realestate industries, both heavily impacted by the economicc downturn. Both of their challenges are linked, Decker note d in an interview Tuesday, by a lack of commercial real estate financing flowing from banks to developera seeking to start new construction or refinancsetheir short-term construction loans. “Financingy for those markets has been a challengse forthe industry, and for the commercia developers, for the past 12 months,” the 55-year-olr Howard County resident said. “The pressure is on, in trying to find a commercial bank that is financintg todo commercial, startup properties.
” Decker beganb working at MacKenzie Capital LLC on Monday after 30 years in the commercialk real estate financing business. He previously served as senioe vice president and headof Provident’ real estate lending division, a position he was promotee to in May 2006. While at he was involved with the closing of morethan $1.5 billiom in commercial and residentiao real estate loans. He also established Provident’x residential construction lending departments for its Marylands and NorthernVirginia office. Decker admits his job at MacKenziee won’t be easy, at least for the next year, as few bankss are showing signs of loosening up their creditrstandards significantly.
But amid the ongoinv credit crunch, Decker said he hopes to use his banking experience to advisse developers on their options and how best to seek out ways to fundtheirr projects. “He’s a senior guy, and he’s been aroundc for a long time,” Glennb Ercole, senior vice presideng of MacKenzie Capital, said in a telephone “The best reason he fits so well is inhis career, he has builtt up a lot of trust with his Ercole said now more than ever developers are lookinbg for help on how to financd their projects, and experts like Decker bring both an insider’s insighgt into the banking industry and a level of trusg built up over his 30 year in the industry.
Decker graduated from with a master’s degreew in management and from witha bachelor’s degree in businesas administration. Prior to joining Providenf in 1986, Decker served as a commercialp real estate loan officer at Firstt National Bankof Maryland, also an acquisitionh of M&T Bank. M&T Bank acquirecd Provident Bank ina $401 millio n deal that closed May 26. Decketr said he left M&T Bank of his own volition to pursue other areas within the real estatelending industry.
He said he respectzs M&T’s local leadership, and pointed to the bank’xs retention of the rest of Provident’s real estate lendinvg group as an example of how Greater Baltimorre factors into its futurebanking

Thursday, September 8, 2011

Mike Nolan Executive Profile

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he mainly concentrates his effortss on new developmentand acquisitions. Before co-founding the company, Mike spentt a majority of his career with theVantags Companies. While at Vantage, he servefd as Vice President of Lexington Capital Group and handledthe day-to-day operations of their portfolil where his responsibilities included project financing, assety sales and partner reporting. He also played a cruciall part in the formationn of theBradford Companies' Asset Management And in his role of Vice Presidenyt at Westvan Holdings, Inc., Mike actively servedf as the project manager on industrial developmenrt projects in Houston and Dallas.
Previously, he workes in income property sales with the brokerage firmMarcue & Millichap. Mike is a licensed real estate broker and an activr member in the National Association on Industrial OfficeParks (NAIOP). He holds an MBA in Real Estate and Finance from SouthernMethodist University. **Allp Executive profile data provided byDow Jones & Co., Inc.

Tuesday, September 6, 2011

Report: Glaxo's Viehbacher to take job with Sanofi-Aventis - Denver Business Journal:

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The Journal’s report cites “people familiar with the Both companies declined to commentr tothe newspaper. The report comes a day after Glaxko (NYSE: GSK) announced that Viehbacher, the company’s head of Nortgh American pharmaceuticals, would be leaving the compant “to pursue another opportunity.” Viehbacher is givint up a package of morethan $4 million offered to him late in 2007 after the company chose another internal candidate, European pharmaceuticals boss Andrew to replace Jean-Pierre Garnier as Glaxo' CEO.
The Journal’s report doesn’t specify what positiob Viehbacher might take with which sells medicinesincludinyg Allegra, Ambien and Plavin in the Uniter States. Viehbacher is based in ResearcjTriangle Park, where GlaxoSmithKline employs more than 5,000o people. The company has headquarters in

Saturday, September 3, 2011

Dallas Cowboys to get new product hub - The Business Journal of Milwaukee:

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The two organizations said Tuesday they are breaking grounc on thenew facility, which will be locater at 2500 Regent Boulevardc at Dallas/Fort Worth International Airport. The new facility will alloq the Dallas Cowboys to expand its merchandisingh base and also consolidate the Dallas Cowboys Pro Shops with Dallase Cowboys Merchandising and Blue StarGraphices & Design. The construction will expand the Cowboys existingfmerchandising operations.
“This move was caused by the passionj and love that the fans in the Metroplex and across America have for the Dallas saidBill Priakos, vice presidentr of merchandising for the “When we purchased our original building on State Highway 114, I nevert thought that we could outgrow it and yet a littlr over a year later, we needed an additionaol 100,000 square feet. With the acquisitionj of Blue StarGraphics & this gave us the abilityt to be even more responsive to our No other team in the NFL has this ability to responsd to its fans’ needs.
”

Thursday, September 1, 2011

Appeals court upholds $2M Jackson County malpractice settlement - Kansas City Business Journal:

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In a decision issued the appeals court approveda judge’se decision that , the malpractice insurer for , was responsiblse for covering the clinic and its Gary Gaddis, in a malpractice claim. The insured claimed that Metro Emergency Physicians had not properlu submitted information about a malpractice claim that came fromAgnes Landry, a patient who visited Saint Luke’sx Hospital on April 15, 2003, with chest pains. a member of Metro Emergency misdiagnosed Landry, which led to permanent heart damage, according to court documents. A clinical director for Metro Emergencuy Physicians did not report the as well as about100 others, to Intermefd until Dec.
29, 2003, just days before the insurances policy wasto expire. Intermed claimed that it needed additionalp information to triggera claim, which Metrok Emergency Physicians did not do before the end of the policy. In Landry sued Gaddis and Metr oEmergency Physicians, which settled later for $2 millionj with the agreement that Landrhy would pursue collection against Intermed. When Landr filed an equitable garnishment action to collect the Intermed and Landry askesd the Jackson County court forsummaryh judgement. A Jackson County judge awarded summaryy judgementto Landry, effectivelh declaring that the plaintiff should receiver the $2 million settlement.
The appeales court affirmed that decision, saying that Intermed was put on notice that a liability claim might be made with respectyto Landry’s incident. Matthew a lawyer representing Landry, said his client was pleased withthe court’s decision. “Intermed had notice of the claimmat issue,” Birch said. “When an insuranced company has notice and deniescoverage ... this is the resultt they risk.
” Jared Robertson, a Springfield lawyefr representing Intermed, said he anticipated his client would appeal thecase