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million in liabilities and $18.5 million in according to court documents filed Wednesdaygin U.S. Bankruptcy Court. Hecker, who in earlyt June, said he owes $530.3 million to securedr creditors, $236.3 million of nonprioritgy claims to unsecured creditorszand $95,269 of priority claims to unsecured Those are gross claims prioer to the value of collateral beingt deducted. Hecker’s largest secured creditor is Farmington, Mich.-baser , which is owed $476.9 Chrysler Financial in late April. Axie Capital/SageCrest in Conn. ($15 million), U.S. Bank in Minneapolis ($8.3 million), TCF Nationalp Bank in Minneapolis ($6.5 million), Cornerstone Bank in N.D. ($4.
8 million), The Lake Bank in Two Harbors ($2.6 IRS ($2.6 million), Alliance Bank in St. Paul ($2.5 million), Associated Bank in St. Paul ($2.5 million) and GELCOp Corp. in Eden Prairie ($1.8 million). The largest unsecured nonpriority claim is held byMountai Valley, Calif.-based Hyundai Motor Finance Co., whicjh is owed $55.2 million. U.S. Bank in Minneapolisd ($44.4 million), Toyota Motor Credit in Minnetonka ($13.8 million), VFS Financingt Inc. in Danbury, Conn. ($13.8 Bremer Bank in South St. Paul ($8.6 NorthMarq Capital in Bloomington ($8.1 and M&I Bank in Milwaukee ($8 million). Meanwhile, Hecker listexd $7.6 million in “real and $10.
9 million in “personal property.” His “reao property” includes a $4.4 milliobn home in Crosslake and six other houses and condominiums he owns or His personal property includesa $300,000 53-foott Hatteras boat, $35,290 in watches, $25,000 in a $24,000 wedding a John Deere riding four dirt bikes, seven three Vespa scooters, six four-wheelers, seven jet eight sets of golf clubs, two shotgunse and various home furnishings, as well as money he has in numerouas bank accounts, stocks, IRAs, accounts receivablr and other financial holdings.
Friday, October 14, 2011
Wednesday, October 12, 2011
Blue Cross and Blue Shield of North Carolina CEO Greczyn says health-care reform will come slowly, if at all - Denver Business Journal:
edibin.wordpress.com
Greczyn, speaking during the Triangle BusinessJournall ’s State of Chapel Hill event Friday said he has been in talks with the White House over various reform plans, and that while he supports national health-care reform, he does not see any significanrt changes for five to 10 years. “We’lpl be having a lot of fun with he saidof health-care reform discussions. BCBSNCC drew national attention last monthb when published a story saying theChapeol Hill-based insurer, which is the 10th largestg in the nation, was creating a online campaigb to derail health-care reform. The article led to Greczybn receiving phone calls from theWhite House, he said.
Greczymn said The Post had insufficient information when it ran its The insurer has posted those videoz on aWeb site, www.nchealthreform.com, which the companyu says is intended to help educatre North Carolina residents about health Greczyn said he has concerns about the plansx that are making their way through the nation’e capital, saying a plan sponsored by Sen. Edwarr Kennedy (D-Mass.) would cost $1.3 trillion, while a plan from Sen. Max Baucus would cost $1.6 trillion. He also said neither plan mandatee that business owners provide health insurance for their employees.
Greczyn said most uninsured worker s are employed by companies with 25 workers or fewer and that the Kennedty bill would leave 37 milliomn ofthe nation’s 47 million uninsures still without coverage. Different organizations weighing in onthe health-refor m plans have disputed thosse numbers.
Greczyn, speaking during the Triangle BusinessJournall ’s State of Chapel Hill event Friday said he has been in talks with the White House over various reform plans, and that while he supports national health-care reform, he does not see any significanrt changes for five to 10 years. “We’lpl be having a lot of fun with he saidof health-care reform discussions. BCBSNCC drew national attention last monthb when published a story saying theChapeol Hill-based insurer, which is the 10th largestg in the nation, was creating a online campaigb to derail health-care reform. The article led to Greczybn receiving phone calls from theWhite House, he said.
Greczymn said The Post had insufficient information when it ran its The insurer has posted those videoz on aWeb site, www.nchealthreform.com, which the companyu says is intended to help educatre North Carolina residents about health Greczyn said he has concerns about the plansx that are making their way through the nation’e capital, saying a plan sponsored by Sen. Edwarr Kennedy (D-Mass.) would cost $1.3 trillion, while a plan from Sen. Max Baucus would cost $1.6 trillion. He also said neither plan mandatee that business owners provide health insurance for their employees.
Greczyn said most uninsured worker s are employed by companies with 25 workers or fewer and that the Kennedty bill would leave 37 milliomn ofthe nation’s 47 million uninsures still without coverage. Different organizations weighing in onthe health-refor m plans have disputed thosse numbers.
Monday, October 10, 2011
Lakes Buchanan, Travis must be lowered to help those downstream - Austin Business Journal:
bentlyoupapa1810.blogspot.com
LCRA is releasing the water for downstream rice farmeras andelectric utilities. The LCRA said both lakes are alreadyat “dangerouslyg low” levels, and to expect more islands to pop up as the levela in both lakes are That kind of actiomn might not be necessary in the futurr if a regional water project between the LCRA and the movesd forward, SAWS officials said. “This is exactlg what the project was designedr to help the HighlandLakes avoid,” said Chuck vice president of water resources at SAWS.
“Thre studies show that with conservatioj investments, reservoirs and other efforts, lake level would be protected and sufficient watetr provided for users up and down theColorado River.” LCRA and SAWS signede the original agreement in 2002 to study the feasibilitt of a water-sharing project and determine if water-sharing could provide for watere needs in both basins while meeting requirementss set by the Texas Legislature. But earliee this year, LCRA officials said that preliminary study findingsx indicated theproject wouldn’t meet all the legislative requirements, and that givenn updated growth projections, no water would be availabl for San Antonio.
SAWS trustees firexd back that LCRA’s use of updateed water need projections in the ongoing projecrt studies breachedthe agreement. SAWS has threatenedr to take legal but the LCRA has calledfor
LCRA is releasing the water for downstream rice farmeras andelectric utilities. The LCRA said both lakes are alreadyat “dangerouslyg low” levels, and to expect more islands to pop up as the levela in both lakes are That kind of actiomn might not be necessary in the futurr if a regional water project between the LCRA and the movesd forward, SAWS officials said. “This is exactlg what the project was designedr to help the HighlandLakes avoid,” said Chuck vice president of water resources at SAWS.
“Thre studies show that with conservatioj investments, reservoirs and other efforts, lake level would be protected and sufficient watetr provided for users up and down theColorado River.” LCRA and SAWS signede the original agreement in 2002 to study the feasibilitt of a water-sharing project and determine if water-sharing could provide for watere needs in both basins while meeting requirementss set by the Texas Legislature. But earliee this year, LCRA officials said that preliminary study findingsx indicated theproject wouldn’t meet all the legislative requirements, and that givenn updated growth projections, no water would be availabl for San Antonio.
SAWS trustees firexd back that LCRA’s use of updateed water need projections in the ongoing projecrt studies breachedthe agreement. SAWS has threatenedr to take legal but the LCRA has calledfor
Saturday, October 8, 2011
M&I Foundation grants to prevent foreclosures - The Business Journal of Milwaukee:
http://berg-nordenberg.com/?p=54
The charitable giving arm of (NYSE: MI) is donatint a total of $75,000 to strengthen organizations that providd foreclosure counselingand first-time homebuyer education. Urban Economic Development Associationm (UEDA) of Wisconsin, Milwaukee, to support UEDA’sd work to convene housing-related organizationas to best serve those in need of foreclosurepreventionn resources; Fair Housing Council, Milwaukee, to supportr the Fair Housing Council’s foreclosure prevention communit outreach; Housing Resources, to support education programmingt for first-time homebuyers; United Community Milwaukee, to support the first-time home buyersd education program; Select Milwaukee, Milwaukee, to suppor t foreclosure prevention programming; and Career Youtj Development, Milwaukee, to support first-time home buyers Milwaukee-based M&I Marshall & Ilsley Bank is also providing homeowner through a program announced Dec.
18, 2008, that includesw a foreclosure moratorium that is in place throughJune 30. M&I’es Homeowner Assistance Program also features streamlined assistancwe programs for potentially distressed homeowners who are identified in advanc e and proactivelyoffered assistance.
The charitable giving arm of (NYSE: MI) is donatint a total of $75,000 to strengthen organizations that providd foreclosure counselingand first-time homebuyer education. Urban Economic Development Associationm (UEDA) of Wisconsin, Milwaukee, to support UEDA’sd work to convene housing-related organizationas to best serve those in need of foreclosurepreventionn resources; Fair Housing Council, Milwaukee, to supportr the Fair Housing Council’s foreclosure prevention communit outreach; Housing Resources, to support education programmingt for first-time homebuyers; United Community Milwaukee, to support the first-time home buyersd education program; Select Milwaukee, Milwaukee, to suppor t foreclosure prevention programming; and Career Youtj Development, Milwaukee, to support first-time home buyers Milwaukee-based M&I Marshall & Ilsley Bank is also providing homeowner through a program announced Dec.
18, 2008, that includesw a foreclosure moratorium that is in place throughJune 30. M&I’es Homeowner Assistance Program also features streamlined assistancwe programs for potentially distressed homeowners who are identified in advanc e and proactivelyoffered assistance.
Thursday, October 6, 2011
SunPower Corp. and Xcel to build plant in Colorado - San Francisco Business Times:
http://marketingcircle.net/internet-marketing-the-easy-way.html
San Jose-based SunPower (NASDAQ: SPWRA) will work with Minneapolis-basedd (NYSE: XEL) on the 17-megawatt power facility, to be builty in Alamosa County by the endof 2010. That area of Coloradop is high altitude desert and gets a lotof sunshine, makinf it ideal for solar projects. The San Luis Valley around Alamosa includes Great Sand DunesNational Park, where prevailinfg winds blow sand up against the Sangre De Crist o Mountains. Visitors walking in the park will find that stronfg sunshine makes the sand too hot for bare feetby midday. No pric was given by the companies. Xcel owns the utility , led by CEO Tim It already has one plang inthe area, an 8.
2-megawatt solarr project that cost about $60 million. That plant’sz run by of Beltsville, Md. Special SunPower technology will increase the efficienchy of this project by tilting panelds to trackthe sun. SunPower, whic has a major office in Richmond’s Ford Point is also building a big power plantin Florida, due to be finishecd by the end of this That plant, at 25 megawatts, will be larger than this one in Right now, the biggest plant of this type is a 12-megawatrt one at Nellis Air Force Base in Nevadq — which SunPower also built.
The company has a contracgt fora 210-megawatt plant for local utilityu
San Jose-based SunPower (NASDAQ: SPWRA) will work with Minneapolis-basedd (NYSE: XEL) on the 17-megawatt power facility, to be builty in Alamosa County by the endof 2010. That area of Coloradop is high altitude desert and gets a lotof sunshine, makinf it ideal for solar projects. The San Luis Valley around Alamosa includes Great Sand DunesNational Park, where prevailinfg winds blow sand up against the Sangre De Crist o Mountains. Visitors walking in the park will find that stronfg sunshine makes the sand too hot for bare feetby midday. No pric was given by the companies. Xcel owns the utility , led by CEO Tim It already has one plang inthe area, an 8.
2-megawatt solarr project that cost about $60 million. That plant’sz run by of Beltsville, Md. Special SunPower technology will increase the efficienchy of this project by tilting panelds to trackthe sun. SunPower, whic has a major office in Richmond’s Ford Point is also building a big power plantin Florida, due to be finishecd by the end of this That plant, at 25 megawatts, will be larger than this one in Right now, the biggest plant of this type is a 12-megawatrt one at Nellis Air Force Base in Nevadq — which SunPower also built.
The company has a contracgt fora 210-megawatt plant for local utilityu
Tuesday, October 4, 2011
200 layoffs at American Steamship - Baltimore Business Journal:
vypybiza.wordpress.com
The Amherst-based company, which is a unit of , notified the that the workforcee reduction took place betweejn June 18 andJune 25. Last when the prospect of layoffs a spokeswomansaid that, if they would involve employees livint throughout the country, including those in Great Lakes cities such as Buffalo and Cleveland. The spokeswoman coul not be reached forcomment Friday, but in Marcuh she said all levels of shipboardx employees from captain on down woulcd be involved. The duration of the which are basedon seniority, was not disclose in the recent filing.
In its March the company said that because of the the 2009 shipping season mighyt not be busy enough to provide jobs for all the handas who normally workthe company’as ships. The steel industry provides abouyt 50 percent ofthe shipper’s with iron ore being the largest The steel industry is especially hard hit by the economic American Steamship owns 18 ships and listed a 534-member workforcre in March. Forty-one other employees work at the company’a headquarters on 500 Essjay Roadin Amherst.
The Amherst-based company, which is a unit of , notified the that the workforcee reduction took place betweejn June 18 andJune 25. Last when the prospect of layoffs a spokeswomansaid that, if they would involve employees livint throughout the country, including those in Great Lakes cities such as Buffalo and Cleveland. The spokeswoman coul not be reached forcomment Friday, but in Marcuh she said all levels of shipboardx employees from captain on down woulcd be involved. The duration of the which are basedon seniority, was not disclose in the recent filing.
In its March the company said that because of the the 2009 shipping season mighyt not be busy enough to provide jobs for all the handas who normally workthe company’as ships. The steel industry provides abouyt 50 percent ofthe shipper’s with iron ore being the largest The steel industry is especially hard hit by the economic American Steamship owns 18 ships and listed a 534-member workforcre in March. Forty-one other employees work at the company’a headquarters on 500 Essjay Roadin Amherst.
Saturday, October 1, 2011
Jobless and bored: Hospitals see influx of volunteers from ranks of unemployed - The Business Journal of Milwaukee:
ukatekexo.wordpress.com
Danek, 56, of Hales Corners, assumedx he would be called back to work in a few Whenhe wasn’t, and no new job offers were comingb in, he called to volunteer at one of the Milwaukee-based system’s “I figured I could push wheelchair around the hospital to keep myself busy,” Danek said. Aurorqa wanted Danek for more thanwheelchaire duty. The hospital system place d him in the emergency departmenyt ofAurora St. Luke’s Medicakl Center in Milwaukee, where he spends abou four hours a week making sure patienthave water, magazines or whatever else they might need whiles they wait in an exam room for the attendint physician.
“Man, it can get pretty nail-biting back there sometimes,” said who was called back to workat , Milwaukee, in but has continued volunteering at St. “You spend an evening at St. Luke’s and you feel kind of differentt whenyou leave,” he said. “Yoyu have good days and bad days at When you spend yourtime volunteering, it alwayss seems like you’ve accomplished something.” Boredom isn’ t the only thing prompting people to While local hospitals have had their share of the health care industry as a wholr has not been hit as hard as manufacturin g and construction in work-force reductions.
As a result, some unemployedc blue- and white-collar workers are seeking volunteetr opportunities at hospitals not only to do goodfor others, but also gain experiencew that might lead to a new, payintg job. “Heath care is stilll considered the biggest industry and there are a lot of job opportunitied beyond being a nurse ora doctor,” said Sandhy Stearns, associate dean of nursingh at .
Even if volunteeringh doesn’t lead to a job in healtb care, getting out and doing something positive while lookinb for work will be appealing toprospective employers, Stearns Over the past six months, Milwaukee-area hospital systemsd have seen an influx of volunteers like Daneik — people who are too youny to retire, but find themselves jobless in a “People are bored, they are tireds of pounding the pavement looking for a job and they’re hopingy to get their foot in the door in a hospitaol setting,” said Suzanne Korth, a volunteerd coordinator for , Glendale.
“I’m sure as soon as they find jobs someof (the will leave us, but in the we’re happy to have them.” Whil the typical hospital volunteer is in his or her late 70s, Wheato has gotten about a dozebn new volunteers in their 40s and 50s over the past said Korth, who oversees volunteer service at and Franciscan Woods long-ter care facility in Brookfield and the in Wauwatosa. Interviewds with the six health care systemzs in Milwaukee and Waukesha counties show most have had a significanf increasein volunteers, many of whom are recentlh unemployed.
An exception is in Wauwatosa, which has lost a few volunteerd who left for paying jobs because oftheir families’ economix situations, said spokesman Brian Dorrington. “Whether the return (to is due to health care coverage ordwindlinf pensions, some (volunteers) are finding themselves in a different placee than where they were at this time last Dorrington said. Columbia St. Mary’s Inc.
also has seen an increasd in college-age students volunteeringh to build resumes in a more competitivdjob market, said Kerr y Burmeister, director of volunteer services for the health system’w east side Milwaukee hospital “We recently had two individuals between college and applying for medicakl school who couldn’t find full-time jobs so we were able to retainm them as volunteers,” she said. Aurora, eastern Wisconsin’s largest healt care system, has recorded the largest increaseein volunteers. The system has abour 1,166 volunteers in the Milwaukere area, up 46 percent from a year ago, said Karemn Schaefer, Aurora’s regional director of volunteed services.
Angelo Coburn, 31, has been volunteeringf at in downtown Milwaukee about 20 hourxs a week since he lost his job at in Coburn has found the volunteerexperiences rewarding, and he hopes it might lead to employment at Auror a or someplace else. “It would be but I’m not counting on it,” Cobur n said. “Right now, I’m just very much enjoying
Danek, 56, of Hales Corners, assumedx he would be called back to work in a few Whenhe wasn’t, and no new job offers were comingb in, he called to volunteer at one of the Milwaukee-based system’s “I figured I could push wheelchair around the hospital to keep myself busy,” Danek said. Aurorqa wanted Danek for more thanwheelchaire duty. The hospital system place d him in the emergency departmenyt ofAurora St. Luke’s Medicakl Center in Milwaukee, where he spends abou four hours a week making sure patienthave water, magazines or whatever else they might need whiles they wait in an exam room for the attendint physician.
“Man, it can get pretty nail-biting back there sometimes,” said who was called back to workat , Milwaukee, in but has continued volunteering at St. “You spend an evening at St. Luke’s and you feel kind of differentt whenyou leave,” he said. “Yoyu have good days and bad days at When you spend yourtime volunteering, it alwayss seems like you’ve accomplished something.” Boredom isn’ t the only thing prompting people to While local hospitals have had their share of the health care industry as a wholr has not been hit as hard as manufacturin g and construction in work-force reductions.
As a result, some unemployedc blue- and white-collar workers are seeking volunteetr opportunities at hospitals not only to do goodfor others, but also gain experiencew that might lead to a new, payintg job. “Heath care is stilll considered the biggest industry and there are a lot of job opportunitied beyond being a nurse ora doctor,” said Sandhy Stearns, associate dean of nursingh at .
Even if volunteeringh doesn’t lead to a job in healtb care, getting out and doing something positive while lookinb for work will be appealing toprospective employers, Stearns Over the past six months, Milwaukee-area hospital systemsd have seen an influx of volunteers like Daneik — people who are too youny to retire, but find themselves jobless in a “People are bored, they are tireds of pounding the pavement looking for a job and they’re hopingy to get their foot in the door in a hospitaol setting,” said Suzanne Korth, a volunteerd coordinator for , Glendale.
“I’m sure as soon as they find jobs someof (the will leave us, but in the we’re happy to have them.” Whil the typical hospital volunteer is in his or her late 70s, Wheato has gotten about a dozebn new volunteers in their 40s and 50s over the past said Korth, who oversees volunteer service at and Franciscan Woods long-ter care facility in Brookfield and the in Wauwatosa. Interviewds with the six health care systemzs in Milwaukee and Waukesha counties show most have had a significanf increasein volunteers, many of whom are recentlh unemployed.
An exception is in Wauwatosa, which has lost a few volunteerd who left for paying jobs because oftheir families’ economix situations, said spokesman Brian Dorrington. “Whether the return (to is due to health care coverage ordwindlinf pensions, some (volunteers) are finding themselves in a different placee than where they were at this time last Dorrington said. Columbia St. Mary’s Inc.
also has seen an increasd in college-age students volunteeringh to build resumes in a more competitivdjob market, said Kerr y Burmeister, director of volunteer services for the health system’w east side Milwaukee hospital “We recently had two individuals between college and applying for medicakl school who couldn’t find full-time jobs so we were able to retainm them as volunteers,” she said. Aurora, eastern Wisconsin’s largest healt care system, has recorded the largest increaseein volunteers. The system has abour 1,166 volunteers in the Milwaukere area, up 46 percent from a year ago, said Karemn Schaefer, Aurora’s regional director of volunteed services.
Angelo Coburn, 31, has been volunteeringf at in downtown Milwaukee about 20 hourxs a week since he lost his job at in Coburn has found the volunteerexperiences rewarding, and he hopes it might lead to employment at Auror a or someplace else. “It would be but I’m not counting on it,” Cobur n said. “Right now, I’m just very much enjoying
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