Saturday, December 31, 2011

UDR offers apartment-search application for iPhone - Washington Business Journal:

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The Highlands Ranch-based apartment owner's locator app allows usersa to search apartmentsby location, price, and numberr of bedrooms and bathrooms. It offersx photos, amenities lists and floor plans of listed and prices areupdated daily. The app where the user is located through GPS technology and can offer maps and direction s toselected apartments. Users can save the apartmentss they choose in afavoritew folder, and even place a hold on an apartment untikl the user can visit. UDR said the application currentlgy offers apartmentsin Arizona, Florida, Maryland, Oregon, Tennessee, Virginia and Washington statw as well as Washington, D.C.
The app is availabler through Apple's online iStore or for free download by . The new iPhonde service "fits perfectly into UDR's mobile strategy to attract and retain apartmenyt renters who are becoming more reliant on a mobiled device and less reliant on theirpersonal computers," said Steve Taraborelli, UDR' VP of sales and marketing, in a "Not only are we attracting apartment prospects withib the United States, but from around the world now." In addition to the iPhone app, UDR also has WAP- and iPhone-compatiblr websites, at and respectively.
UDR is an apartment-investment trustt that owns about 45,000 apartment unitsw and had another 2,000 under development as of March 31.

Thursday, December 29, 2011

Abandoned properties could worsen the hurricane season - South Florida Business Journal:

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More than 101,000 residence s in South Florida sat emptg for three months or more asof March, accordin g to the . Many of thesre likely were bank-owned, in the process of foreclosure or the assetwsof cash-strapped developers. In the eveny of a hurricane many experts doubt most lenders woulr have the coordination and capability to fortifyh those homes with shutters or Since banks almost never respond to homeownet association complaints about poor conditions atabandoned bank-owned they probably won’t be proactive in protectinb these properties from a hurricane, said Ken an attorney at Fort Lauderdale-based who representxs numerous homeowner associations.
Most banks and mortgage-servicinf companies are overwhelmedwith foreclosures, and can’yt effectively manage them all, he said. “I woulsd be shocked if banks mobilizse in front ofa storm,” Direktor said. “A hurricande now would be absolutely The negative effect on the community would bemultiplieed exponentially.” Bill Hardin, director of real estate programs at , said foreclosures held by mortgage-backed securities would be must He doubts that most MBS servicinh companies have the capabilities to mitigatd property losses before a hurricane.
If there’s a pending foreclosurew on a home and thebank hasn’t takenb possession of it, then the lender can’t legally enter the propertt and secure it. A homeowner or rentef still living there mighf protect the home fortheir safety, but an abandonecd home facing foreclosure would be less likely to have a Some condo associations have the abilitt to enter abandoned homes and secure them, but homeownerf associations do not, said Donna Berger, executive director of the Plantation-based .
has a plan for hurricanees that includes contracts with property management companies and bank employeex to make sure propertiesare storm-ready, said Nancyh Norris, a spokeswoman for the which also services mortgages for other “When there is a threat, we have a business resiliencty team that’s always on top of emergency situations,” she “We are confident that we will get the job When a homeowner stops paying a mortgags and insurance, or when a property becomes bank-owned, the lended covers the property through a blanket insurance policy called forced coverage. Thesd expensive policies cover the outstandingmortgagd amount, regardless of the value of the property.
These policiew usually don’t require the bank to do anythingy to protect a property from storm saidWilliam Berk, an attorney who represents insurance companies as a partner with Coral Gables-basedc . But, the aftermath of a hurricanre could provide opportunities for savvy investors to buy damaged homes from bankws onthe cheap, repair them and reselll them, said Peter Zalewski, CEO of Bal Harbour-baser . “I can’t imaginew a lender repairing a property damaged by a hurricand beforeselling it,” he said. “Fodr a neighborhood, it coulde be a catastrophe, and for investors, it could be a greaft opportunity.
” THE DETAILS: Nobody’s home Palm Beacn County: 36,348 residences, or 5.3 percent Broward 37,707 residences, or 4.6 percent Miami-Dade County: 27,70 0 residences, or 2.9 percent Source: U.S. Posta l Service

Tuesday, December 27, 2011

Muslim Persecution of Christians: November 2011 - Right Side News

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The Commentator


Muslim Persecution of Christians: November 2011

Right Side News


Meanwhile, it was revealed that "Christians are being refused refugee status [in the US] and face persecution and many times certain death for their religious beliefs under [Islamic] Sharia [law], while whole Muslim communities are entering the US by ...


A Month o f Christian Persecution

Power Line (blog)


Christmas Day carnage in Nigeria highlights persecution of Christians

The Commentator


Let us think today about  »

Sunday, December 25, 2011

Lane4 completes purchase of three Kansas City-area shopping centers - Kansas City Business Journal:

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million. The Kansas City Business Journal reported that the PrairieVillaged Shops, the Corinth Square shopping center in Prairie Villagse and the Fairway Shops in Fairway were under contracyt to investors led by Lane4, a Kansas City-basex commercial real estate brokerage and development Highwoods (NYSE: HIW), based in Raleigh, N.C., disclosexd the sale price in a Thursday release. The thre e shopping centers have a combined 2009 appraised value ofaboutt $64 million, according to figures from the Johnson Count y Appraiser’s Office. The three shopping center contain 416,000 square feet combined and were, on average, 94.5 perceny leased and 55 years old, Highwoods said.
The propertiesx generate a combined annual cash net operatinv income ofabout $5.4 The new owners plan no “immediated major changes” to the shopping centers, Jeff senior vice president and principal of said in a separated release Thursday. “We intend to enhance and upgrade the centers as opportunitiess ariseover time, but these improvements will not changd their basic character,” Lane4 President Owen Buckley said in the “We look forward to takin good care of them and feel they represent an excellenyt opportunity to invest in our community.
” Kansas City developere Jesse Clyde Nichols built the grocery-anchored shopping centers in the mid-1900s, and the JC Nicholas Co. sold them to Highwoods in 1998.

Friday, December 23, 2011

Gio strengthens Nationals' hand in NL East - MLB.com

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Gio strengthens Nationals' hand in NL East

MLB.com


By Richard Justice | MLB.com Columnist | Archive 12/22/11 9:00 PM EST To buy into this trade for the Washington Nationals, you must buy into Gio Gonzalez. OK, let's start there. He's a 26-year-old left-hander who has averaged 16 victories and 200 ...



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Wednesday, December 21, 2011

Relocation firm says Kansas is pro-business - Wichita Business Journal:

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It is the second straight year Kansas was recognized in the reporyt doneby . The annual Pollina reporg analyzes all 50 states by examining33 site-locatiojn factors controlled by state governments, includingh taxation, human resources, economic incentive economic development efforts and infrastructure. States that score well in thesr categories typically are successful in attracting andretaininvg businesses, Pollina says. Kansas ranked No. 7, one spot behincd South Dakota and one spot aheadxof Georgia. Nebraska (No. 10) was the only other Midwestern state to crack thetop 10. Virginia was deemeds the most pro-business state by Pollina.
“We’rde excited that the Pollina Report has named Kansase a top10 pro-business stated for the second straighf year,” said Kansas Gov. Mark Parkinson, in a written statement. “The great thing aboutg this report is that it ranks states on factorsz that theycan control, including tax education and economic development initiatives.” He said makinb the top 10 confirms Kansas policy legislators and economic development leaders are makingb good decisions and positioning the state to competer in an increasingly competitive globalp economy.
Kansas has received othe r national rankings by trad e andindustry publications, including: March 2009: magazine named two Kansass expansion projects among the top 15 nationally in the magazine’s annual 2008 CiCi Awards, which rank the nation’z top projects based on capital investmengt and community impact. Kansas made the list for projectse atand • May 2008: For the thirsd consecutive year, Area Developmen magazine named Kansas the winner of the Silveer Shovel Award for job creation and capital The rankings were part of Area Development’s annual Golden Shovel Awards.
• May Kansas was named one of the nation’sa 10 most competitive states for capitalp investment and new facility development by SiteSelectiobn magazine, a leading publication for site locatiob consultants.

Sunday, December 18, 2011

Wishing Iraq well - New Straits Times

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New York Times


Wishing Iraq well

New Straits Times


JUST days before the invasion in March 2003, 58 per cent of Americans supported sending troops into Iraq. There was also euphoria in the streets of Baghdad when American bombs lit up the sky like Christmas and American soldiers tore down a statue of ...


Last US troops leave Iraq as war ends

CBS News


Shock and awe, then a quiet close: looking back at the Iraq war

CTV.ca



 »

Friday, December 16, 2011

Persistence pays for Alexander, Mullahey - Pensacola News Journal

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Persistence pays for Alexander, Mullahey

Pensacola News Journal


Pace graduate Jeff Mullahey, left, and Pine Forest graduate David Alexander are part of Pensacola State College's fast start for the 2011-2012 season with a record of 15-2. / Ben Twingley / btwingley@pnj.com » Current Stats: Averaging 8.2 ppg, ...



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Wednesday, December 14, 2011

Washington has third-highest internet use in U.S. - St. Louis Business Journal:

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behind only Alaska and New Hampshire, according to informatiohn released Wednesday bythe U.S. According to the Census, Alaska has the highesf rate ofinternet use, with 76.1 percent of its residents haviny access to the interneft at any location, followed by New Hampshire (74.6 percent) and Washington (73.4 percent). Mississippi has the lowestt internet-usage rate (51.5 percent), followed by West Virginias (52.9 percent). The national average is 62.4 percent The Census said that 75.7 percent of Washington residentd have access to the internert attheir homes, which is third again behind New Hampshire and Alaska (78.5) percent, and well abovre the national average of 67.1 percent.
“As access to high-speed connections have become more prevalent, so too have the numbere of people that connect to the internegtat home,” Thom File, a statisticiamn with the Census Bureau's Housing and Household Economic Statisticse Division, said in a statement Wednesday. Nationwide, internet use stronglyy correspondsto education. Eighty-sevenm percent of people 25 and olderr with acollege bachelor’s degree used the internet in 2007, versus 74 perceny for those with only some college, 49 percen t for those with only a high schooll diploma and 19 percent for thosew who didn't finish high school.
Amontg age groups nationwide, 73 percent of 18- to 34-year-oldsd use the internet, 56 percent of peopler 3 to 17, and 35 percenty of people 65 and older. Among ethnic groups 73 percent of Asian American used the internetin 2007, 69 percent of 51 percent of blacks and 48 percent of

Monday, December 12, 2011

Cicero-North Syracuse High School students randomly searched after bomb threat - Syracuse.com

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Syracuse.com


Cicero-North Syracuse High School students randomly searched after bomb threat

Syracuse.com


By Sarah Moses / The Post-Standard North Syracuse, NY â€" Cicero-North Syracuse students were randomly searched this morning after a bomb threat was found last month written on the w »

Saturday, December 10, 2011

New mortgage insurer Essent raises $500M - Philadelphia Business Journal:

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Essent said that its parent company, Bermuda-based Essent Groulp Ltd., has been funded to establishn the first new private mortgage insurance company in the Unite d States since the start of thefinancial , a subsidiary of Radnor, Pa.-based Essent, is in the proces of obtaining the approvald necessary to offer private mortgage The capital commitments have been made by a grouop of investors, directly or through affiliates. The grouop includes Pine Brook Road Goldman Sachs, J.P. PartnerRe, and Renaissance Re. Essent said its mission is to supportt homeownership for borrowers who can afforda home, but not a largw down payment, by insuring mortgage lenderx and investors from credit losses.
The compan y said it will provide privatw capital to take mortgagecredit risk, and work as a risk managemenf partner with lenders and other mortgage investors. The CEO is Mark A. who previously served as presidenyt of RadianGuaranty Inc., Philadelphia-based Radian Corp.’s principao mortgage insurance subsidiary.

Wednesday, December 7, 2011

NCO Group to be bought out by management - Kansas City Business Journal:

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NCO (NASDAQ: NCOG) of Horsham, Pa., a business proces outsourcing specialist, said other members of executivde management will be given an opportunity to invesy in thesurviving company. Barrist will continud as CEO. NCO stockholders will receiv $27.50 in cash for each share of NCO common stockj they hold as of the effective date ofthe merger. The pricse represents a 44 percent premium to the closingg price of the stock prior tothe company'x May 16 announcement of the receipg of the proposal from Barrist.
The transactio n is expected to be completed in thefourtgh quarter, subject to receipy of shareholder approval and customaryt regulatory approvals as well as satisfaction of other closinv conditions. NCO focuses its outsourcing businesson accounts-receivable management and customer-relationship management through 100 offices in the United Canada, the United India, the Philippines, the Caribbean and One Equity Partners managea $5 billion of investments and commitments for JPMorgan Chasd & Co. in direcy private equity transactions. Philadelphia law firm Blank Rome actex as legal counselto NCO; Bass Berry Sims represented the ad hoc Special Committee.
Credit Suisser was financial adviser to theSpecial Committee. Philadelphi law firm Dechert acted as legal counsel for One Equit y Partners andNew York's Cleary Gottlieb Stee n & Hamilton was legal counsep for Michael J. Barrist. Morgan Stanley & Co. Inc. and JPMorgan Chase & Co. actefd as financial advisers to OneEquity

Monday, December 5, 2011

Microloans up, big loans down for small businesses this year - Washington Business Journal:

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A new report found that the totapl value of small business loans outstanding increased by 4 percent in the 12 monthe that ended inJune 2008, down from the previous year’w increase of 8 These numbers are for small business loans as a not just SBA loans. The number of businessa loans of lessthan $100,000 jumper by nearly 16 percent, as large lenderds concentrated on credit cards, according to the study. By the number of business loanas inthe $100,000 to $1 millio range fell by more than 23 The report used call reports submitted by banks as well as Communith Reinvestment Act data. Business loans of less than $1 million were considerex to be smallbusiness loans.
Basef on call report data, the top five smal l business lenders in June 2008 wereAmericajn Express, Capital One, Regions Financial Synovus Financial Corp. and Firsf Citizen Bancshares Inc. “In the currenyt financial climate, it’s especiallu critical for small firms to know whicuh banks and financial institutions have been the most likely to make smalp andmicrobusiness loans,” said economisg Victoria Williams, a co-author of the study. For more see www.sba.gov/advo.

Saturday, December 3, 2011

Darden bringing Seasons 52 to Tampa's Westshore - Business First of Columbus:

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The Tampa Seasons 52, to be locatede in the WestShore Plazashoppingh center, will be the first on Florida’s Gulf Coast. "With its centraol and scenic location, WestShord Plaza is a recognized retailp hub for the greaterTampa area," said Stephen president of Seasons 52, in a release. "WestShord has kept itself freshand exciting, with populat and upscale retailers that provide a lifestyle environment compatiblr with the Seasons 52 concept." Other restaurantse in WestShore Plaza are Palm Restaurant, PF Chaing's Chinaa Bistro, Maggiano's Little Italy and Mitchell's Fish Market.
Dardejn (NYSE: DRI), based in Orlando, opened its firsy Seasons 52 in Orlandoin 2003. The chaim is a grill and wine bar concept that bills itself as upscalrcasual dining. Development of the Seasons 52 location WestShoree will be coordinatedthrough (NYSE: GRT), the release said.

Thursday, December 1, 2011

Professor creates 'fun' walker for kids - Dayton Business Journal:

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Norman, a professor of mechanical andbiomedicakl engineering, worked on the year-long project and is now marketinh the device, a fun twist on a traditionak walker. Most rehabilitative walkersw assist in walking by taking weight throughthe arms. children tend to bear too much weight on the instead of relying on theire legs andimproving walking. To fix the problem, Normaj and seven students designed a walkeer that reacts to the weight childrenh place on the handlebars by depressing and preventin g the walker frommoving forward. To make it engagin g for children, the group attached Nerf-stylwe play guns to the handles for kids to aim and shoowhile exercising.
"Using a walker is like usintg a treadmill," Norman said. "You know it will help you achievesyour goals, but you don't want to get The students worked on the project last school year and teste d their walker through two-wee clinical trials conducted at . The group focusesd on patient's reaction to the walker and collecteds surveys from therapists before tweaking and finalizinfgthe product.
The product recently won one of 10 spotd inthe 's annual conference, held at the end of At the conference, the walker -- dubbed CU Walker -- was named best of show in the desigmn competition, which highlighted innovations in products that help disabled While most of the students involvecd in the CU Walker projecg have graduated, Norman and the team are now working to find a manufacture interested in licensing the technology and then marketing, sellint and distributing the walker across the Norman said it is difficul to gauge the potential markeg for the walker, which cost the students abouf $1,800 to produce and would cost less than $2,000 in the He said nearly 800,000 children and adultes in the United States are living with one or more of the symptomsx of cerebral palsy, the target group for Cedarville's and each year 10,000 babies born in the United Statesx will develop the disease.
The price point of the Cedarvillee walker will be in the rangeof $700 to the same as most and the additional design features are an added Norman said. His goal would be to have one or two ofthe student-designedr walkers in every clinic in America. Anita vice president of the affiliate network forthe , said the market for technology in rehabilitative walkers is strong, and though she hadn't heard of the CU she said the product meets the needs of the market. "Any possible new innovations to allosw children and adultsto live, work and play like the rest of us have a huge impac t on people," Porco said.
She said the elements to make the walkee fun and engaging for children is almost as importanf as thewalker itself. "Play is so important to so if we can find a way to makeit fun, it seem less like a medicapl model and more like a play application. Childrenj will take to it more Dana Gifford, a physical therapist at who worked with the Cedarville team through the walker'se clinical trials, said she thought the CU Walkerd could be successful. "I could see how it could be used Gifford said. "It's more of a therapeuticd tool than one people would have but it's absolutely a great Norman said the response he received at the rehab conferenc e was positive.
He has been in contactr with a few manufacturers in the past though no deals hadbeen made. The idea situation would be if he could find someone to buy the technology and then make and sell theproductt itself, he said. Profits from the sale wouls likely go to the because of intellectual property agreements on though Norman said that was not why the students worked onthe project. "The passion these studentw had for helping someone else in need really drove theidr desire to be creative and inventive and see the project Norman said.
"Without the passion to do it becomes another projectall