Wednesday, September 14, 2011

Maryland, other states challenge GM bankruptcy plan - Washington Business Journal:

budimirukaovyril.blogspot.com
GM’s plan would free the automaker of lemonm law and productliability requirements, hurting customerse who recently bought cars, Missouri Attorney Generapl Chris Koster’s office said Attorneys general from Connecticut, Maryland, Minnesota, Missouri, Nebraska, Nortbh Dakota and Vermont filed an objection aboutt the provision Friday in U.S. Bankruptcy Courtt in New York. But emerged from bankruptcy earlier this monthn free of the same liabilitieas forvehicle defects.
Koster said he also is concerned aboutfhow GM’s bankruptcy plan treats automobile The current agreement allows the post-bankruptcy GM to decidd unilaterally what contractual provisions to insert into dealership contractz and requires the dealerships to accept the contract as written by the automaker. The agreement takew away the dealerships’ right to object, even if the contracty does not give them the protections they have instate law, Koster’s office said.
“Ther current agreement is terribly unfair to these dealership owners, many of whom have been loyal GM dealerz for decades and have invested their life savings in thesr family businesses,” Koster said in a statement. “Igt is unconscionable to force a dealershio to waive its rights under Missouri law simply becausde GMhas floundered.” While the state of Wisconsin is not involved in the challengd to GM's bankruptcy plan, state legislators are pushingb for the reorganized company to continue to operater a plant in A little more than a week ago, Russ Feingold and Herb Kohl and Reps.
Paul Ryan and Tammyg Baldwin met with General Motors executives to push for the recentluy shuttered Janesville plant to be the location of the new lineof fuel-efficient cars.

Monday, September 12, 2011

Habitat delinquency rates at 24-year low - Nashville Business Journal:

mytyhona.wordpress.com
Despite tough times, Habitat homeowners are payingtheit mortgages, and Habitat leaders say that’s because the agency’ws Delinquency Committee and homeWorks program are HomeWORKS is a series of classexs that prepare families for homeownership. “This is a perfec illustration of the importance of educationfor first-time says Nashville Area Habitat president and CEO Chrisa McCarthy. “All of our families go through monthsof one-on-one budgeg coaching and hours of classes to get them ready for the responsibilityy of paying a mortgage and taking care of theier investment.
” The class covers financial legal aspects of homeownership, budgeting, responsiblw family and neighbor characteristics, homeowners’ assistance basics and home The program started in early 2005 and has grownb to include classes for children to share the responsibilityh of homeownership. “HomeWORKS is vital to our says McCarthy. “Along with the bricks and mortare associatedwith homeownership, these classes offee families the instruction and trainintg to sustain a better life for the not just for themselves but for their Nashville Area Habitat for Humanity, a nonprofitf organization, built 60 homes in 2008.
The group buildsd homes Energy Star compliantfor efficiency. To the agency has served morethan 1,300 people, includinh 800 children.

Saturday, September 10, 2011

SU football capable of providing exciting moments - WatertownDailyTimes.com

http://adamswatersheds.org/historicallandscape.html


SU football capable of providing exciting moments

WatertownDailyTimes.com


That was my father's response every time I complained when he sank left-handed hook shots â€" he's right-handed â€" from the top of the key or drained a behind-the-back shot in the paint during our one-on-one basketball matches growing up. ...



and more »

Thursday, September 8, 2011

MMAC: Milwaukee-area economy still sluggish - Houston Business Journal:

ukatekexo.wordpress.com
Only three of 20 April indicators registered improvemenrtfrom year-ago levels, matching the numbere of upward-pointing indicators recorded in March, the MMAC said in its Economicc Trends report. "The employment situation continued to deteriorate with deepening job declinee and unemployment indicators over double what they were one year saidBret Mayborne, economic research directod for the MMAC. "But metro area existing homes sales rose for only the second time in nearly threse years giving some hopefor near-term improvementg in a stagnant local housing and real estate market." Nonfarm employment in the metr area fell 4.
8 percent in April to 812,300, down from March’s 4.3 percent decrease. Employment levels have now declined comparerdwith year-ago levels in each of the past 12 with April’s decline beiny the steepest registered in this period, the MMAC said. Only two of 10 majoe industry sectors registered April job gains comparee with oneyear ago, while eight registered declines. Unemployment indicatorsw for the metro area both measured more than twicetheir year-earlier levels. The number of unemployede in metro Milwaukeerose 117.6% against year-ago levels, to 70,30p0 compared with 32,300 in April 2008. Likewise, new unemploymenr compensation claims rose ata 104.
6 percent rate in April to this indicator’s third consecutive year-over-year increasw of 100 percent or greater. On the positivs side, existing homes sales for the metrop arearose 5.6 percent in the first year-over-year increase in this indicato in seven months and only the second such gain in nearlt three years.

Tuesday, September 6, 2011

Little change in pump prices this week - Denver Business Journal:

qalymeled.wordpress.com
The national average is $2.05 per up about a penny sincedlast week. Albuquerque has the most expensive gas in the stateeat $2.01 a The least expensive gas is in Las at $1.97. Santa Fe prices are averaging decreasing nearly four centsx fromlast week. The reportedr that oil was trading inthe $51 per barrel Some experts believe a change in oil prices may be drivenj by the broader stock market’s movements and changes in the valuwe of the dollar. Oil expertds say as long as the economy stays demand for oil and gasolinde willremain soft. “U.S.
demand for oil stilo remains relatively low, most likely a byproducft of theslow economy, and inventories of crudes continue to build despite producers’ efforts to slow said AAA New Mexiclo spokesperson Sarah Schimmer. Schimmer said that historically, the approachb of summer has meantr an increase in the priceof gas. She said this tren is most often attributed to refiners convertingbto cleaner-burning summer blends and increase driving in the summer travel season. The calculates that if gas prices staybetween $2.00 and $2.25 a gallon, an averagee driver using 50 gallons a month will probablg save between $75 and $100 a month comparerd with last summer. •National $2.
04 •New Mexico $2.06 •Texas $1.97 •Albuquerquer $2.01 •Las Cruces $1.97 •Santa Fe Area $2.00 Ariz. $2.13 •Tucson, Ariz. $1.84 •Denver $1.97 •Durango, Colo. $2.14 •Las Nev. $2.12 •Amarillo, Texas $1.96 •El Texas $1.95

Saturday, September 3, 2011

Builder seeks priority treatment in Fontainebleau bankruptcy - Silicon Valley / San Jose Business Journal:

kowutoco.wordpress.com
Nevada-based , a sister company to Fontainebleau Las Vegas, has filed a lawsuit within the bankruptcy asking to be among the first paid. It claims it is owed $669 If successful, the claim could wipe out some interestsw of some major lenders onthe project, including , . “Turnberry West Constructionh requests the court find its lien is superiod to any other type of mortgage or encumbrance that was incurrede after constructionhad begun,” the lawsuiyt contends. Turnberry West filed and recorded a claim of lien in Nevadaz onJune 4.
Fontainebleau Las Vegads LLC and two of itsaffiliatew – LLC and – filed for bankruptcu protection on June 10 in Fontainebleau Las Vegas is an affiliate of the company that holds ownership interest in the Fontainebleau Miami Beach. However, the Miami Beach hotel is not included in the Scott Baena, the attorney who represents the Fontainebleau Las said Soffer and Turnberru West did not want to file the litigation, which has the potentiao to eat up huge amounts of cash for legaol fees that is needed to complete the hotep project. The $2.9 billion resort-casino project on the Las Vegads Strip is 70percent complete.
“I thin it’s extremely expensive and impairs our abilityto reorganize,” Baenqa said during the first meeting of creditor on Wednesday in Miami. “Great harm and damage will be visiteds on the debtor is this litigation goesaheacd now.” Baena said he will likely seek a stay of the Miami-based Berger Singerman is handling the The company has said that the decision to file Chapter 11 was the directy result of litigation with lenders on the Las Vegad hotel construction project that had to do with contractual disputexs related to nearly $800 milliobn in construction funding for the

Thursday, September 1, 2011

Gold, Silver ETFs Manage To Gain Ground; Large-Cap Miners Jump - Barron's (blog)

wilhelminadora4287.blogspot.com


Gold, Silver ETFs Manage To Gain Ground; Large-Cap Miners Jump

Barron's (blog)


Silver and gold ETFs traded flat Thursday as US job and manufacturing data provided little reason for traders to make big bets ahead of tomorrow's fateful August employment report. Pressuring precious metals was a rising dollar. ...



and more »