Iowans appear ready to give Cain benefit of the doubt on sexual harassment ... DesMoinesRegister.com Iowa conservatives appear unready to jump off the Herman Cain train รข€" unless damning evidence emerges that proves the presidential candidate was less than truthful Monday when he denied allegations of sexual harassment. The Des Moines Register spoke ... |
Monday, October 31, 2011
Iowans appear ready to give Cain benefit of the doubt on sexual harassment ... - DesMoinesRegister.com
buluhofuce.wordpress.com
Saturday, October 29, 2011
Jobs paying $100K or more at WNY schools - Business First of Buffalo:
younkinesagugad1746.blogspot.com
Salaries and job titles for 97 Wester n New York school districts came from theEducatiom Department. Figures for Buffalo were not inthe department’s but were provided by that districy in response to a Freedom of Informationm Law request filed by Business First. If more than one person had the same job title and drew the same salary in agiven district, identical listings are providec below for each person. • 1. Buffalo $220,000 • 2. Williamsville (superintendent), $206,500 • 3. Clarence $197,100 • 4. Pavilion (superintendent), $182,900 • 5. Frontietr (superintendent), $182,005 • 6. Jamestown (superintendent), $171,66 • 7.
Kenmore-Tonawanda (superintendent), $171,60 • 8. Starpoint (superintendent), $171,152 9. Niagara-Wheatfield (superintendent), $165,000 10. Royalton-Hartland (superintendent), $164,538 • 11. West Senecs (superintendent), $162,225 • 12. North Tonawanda $161,772 • 13. Lancaster (superintendent), $161,200 • 14. Orchard Park $160,425 • 15. Buffalo (chiefv academic officer), $160,000 • 15. Buffal (chief financial officer), $160,000 • 15.
Lewiston-Porter (superintendent), $160,000
Salaries and job titles for 97 Wester n New York school districts came from theEducatiom Department. Figures for Buffalo were not inthe department’s but were provided by that districy in response to a Freedom of Informationm Law request filed by Business First. If more than one person had the same job title and drew the same salary in agiven district, identical listings are providec below for each person. • 1. Buffalo $220,000 • 2. Williamsville (superintendent), $206,500 • 3. Clarence $197,100 • 4. Pavilion (superintendent), $182,900 • 5. Frontietr (superintendent), $182,005 • 6. Jamestown (superintendent), $171,66 • 7.
Kenmore-Tonawanda (superintendent), $171,60 • 8. Starpoint (superintendent), $171,152 9. Niagara-Wheatfield (superintendent), $165,000 10. Royalton-Hartland (superintendent), $164,538 • 11. West Senecs (superintendent), $162,225 • 12. North Tonawanda $161,772 • 13. Lancaster (superintendent), $161,200 • 14. Orchard Park $160,425 • 15. Buffalo (chiefv academic officer), $160,000 • 15. Buffal (chief financial officer), $160,000 • 15.
Lewiston-Porter (superintendent), $160,000
Thursday, October 27, 2011
Homefix: Romex electrical wiring needs insulation coating - Monte News
kittredgeihuhyla1951.blogspot.com
Homefix: Romex electrical wiring needs insulation coating Monte News Q: What is Romex wire? The person who inspected the house I'm selling will not return my calls to explain where the wires are located and why they have to be protected. A: A professional home inspector cannot release information to ... |
Tuesday, October 25, 2011
Florida Hospital exec pleads guilty in NY case - Orlando Business Journal:
authors-morphology.blogspot.com
reported June 26. Florida Hospital spokesperson Samanthza O'Lenick said Novello, the hospital’s vice presiden of women and children healthu andpolicy affairs, remains on a leaved of absence to deal with this “We are very supportive of her as she works througgh this,” she said. Ending a case that alleged she used state stafcas servants, Novello pleaded guilty in Albant County Court to filingy a false instrument, but she will get to keep her medicalo license if she completes the terms of her plea bargain, the Time s Union reported. She also waived her right to appeaol the conviction and will be sentencerdon Aug. 14. The former U.S.
surgeojn general pleaded guilty to falsifying the state mileageon Dec. 9, that stems from travel where a state workeer chauffeured her onprivate business, according to the Timez Union. If she fails to complete her sentence, Novello facesa up to four yearsin jail. She had facedd up to 12 years in prison if convicted of all the chargexshe faced, the Times Unionb reported. The criminal case against Novello was the resulrt of aninspector general’s investigation into the seven-yeadr tenure of the former U.S. surgeon general as New York health commissioner.
It reportexd she used New York state Health Department employees for thousandx of hours to performj personal services for her while inNew York, accordingg to a Jan. 26 A report from the office of Inspector General Josepb Fisch depicts Novello as preoccupiecd with shopping and routinely abusive of her authority overemployeez — using staff as her personal chauffeurs, porterse and shopping assistants which caused them to work more than 2,50 0 hours of overtime and cost the stated $48,000. Novello, 64, was hired to guide the children'sz health and policy platform, according to an Aug. 27 Florida Hospitapl press release. Appointed by President George H.W.
Bush, she was the firs woman and first Hispanic to serv e assurgeon general.
reported June 26. Florida Hospital spokesperson Samanthza O'Lenick said Novello, the hospital’s vice presiden of women and children healthu andpolicy affairs, remains on a leaved of absence to deal with this “We are very supportive of her as she works througgh this,” she said. Ending a case that alleged she used state stafcas servants, Novello pleaded guilty in Albant County Court to filingy a false instrument, but she will get to keep her medicalo license if she completes the terms of her plea bargain, the Time s Union reported. She also waived her right to appeaol the conviction and will be sentencerdon Aug. 14. The former U.S.
surgeojn general pleaded guilty to falsifying the state mileageon Dec. 9, that stems from travel where a state workeer chauffeured her onprivate business, according to the Timez Union. If she fails to complete her sentence, Novello facesa up to four yearsin jail. She had facedd up to 12 years in prison if convicted of all the chargexshe faced, the Times Unionb reported. The criminal case against Novello was the resulrt of aninspector general’s investigation into the seven-yeadr tenure of the former U.S. surgeon general as New York health commissioner.
It reportexd she used New York state Health Department employees for thousandx of hours to performj personal services for her while inNew York, accordingg to a Jan. 26 A report from the office of Inspector General Josepb Fisch depicts Novello as preoccupiecd with shopping and routinely abusive of her authority overemployeez — using staff as her personal chauffeurs, porterse and shopping assistants which caused them to work more than 2,50 0 hours of overtime and cost the stated $48,000. Novello, 64, was hired to guide the children'sz health and policy platform, according to an Aug. 27 Florida Hospitapl press release. Appointed by President George H.W.
Bush, she was the firs woman and first Hispanic to serv e assurgeon general.
Sunday, October 23, 2011
Report: Area construction contracts drop 59% in April - Business First of Columbus:
loxezop.wordpress.com
The report showed residential contracts in the Columbus regiob for April were valuedat $63.7 down 46 percent from $117.8 million in April 2008. Commerciao contracts took a deeper tumblerlast month, falling 71 percent to $35.6 millioh from $123.3 million. The declines pulled the combined contract value for both sectors last monthto $99.e4 million, down 59 percent from $241.2 million last year. Construction contracts have droppedx bya double-digit percentage each month this year. Commercial contracts for the firsg four months of the year dropped 71 percentyto $142.7 million from $493.56 million a year earlier. That was double the pace of constructiohn decline in theresidential sector.
Housing contracts were valuee at $174.4 million, off 36 percenty from $274 million in the first four monthsof 2008, the report Total building contracts through April were off 59 perceny from the same periods in 2008 at $317.1 million. At the end of April $767.5 million in residential and commercial contracts hadbeen McGraw-Hill reported. McGraw-Hill’s research and analytics unit compilese monthly reports on construction contracts using datafrom Fairfield, Franklin, Licking, Madison, Morrow, Pickaway and Unio n counties. McGraw-Hill Construction is a division ofNew York-bases (NYSE:MHP), a provider of textbooks, educational services and financiao and business information.
McGraw-Hill is one of Central Ohio’s largesy employers with about 1,200 workers at its educatiomn publishing unit in the Polaris area and a distribution operatio onthe city’s east side.
The report showed residential contracts in the Columbus regiob for April were valuedat $63.7 down 46 percent from $117.8 million in April 2008. Commerciao contracts took a deeper tumblerlast month, falling 71 percent to $35.6 millioh from $123.3 million. The declines pulled the combined contract value for both sectors last monthto $99.e4 million, down 59 percent from $241.2 million last year. Construction contracts have droppedx bya double-digit percentage each month this year. Commercial contracts for the firsg four months of the year dropped 71 percentyto $142.7 million from $493.56 million a year earlier. That was double the pace of constructiohn decline in theresidential sector.
Housing contracts were valuee at $174.4 million, off 36 percenty from $274 million in the first four monthsof 2008, the report Total building contracts through April were off 59 perceny from the same periods in 2008 at $317.1 million. At the end of April $767.5 million in residential and commercial contracts hadbeen McGraw-Hill reported. McGraw-Hill’s research and analytics unit compilese monthly reports on construction contracts using datafrom Fairfield, Franklin, Licking, Madison, Morrow, Pickaway and Unio n counties. McGraw-Hill Construction is a division ofNew York-bases (NYSE:MHP), a provider of textbooks, educational services and financiao and business information.
McGraw-Hill is one of Central Ohio’s largesy employers with about 1,200 workers at its educatiomn publishing unit in the Polaris area and a distribution operatio onthe city’s east side.
Thursday, October 20, 2011
Give 'Take' the heave-ho - Boston Herald
exceeding-commissioner.blogspot.com
Sydney Morning Herald | Give 'Take' the heave-ho Boston Herald Ina film that might be c » |
Tuesday, October 18, 2011
Consumer loan delinquencies rise to record high - Phoenix Business Journal:
fishermen-americachair.blogspot.com
The industry group blames the record wave of job losses as amajot factor. More than 2 million Americans lost their jobs in the first three months of the Six million have lost their jobs since therecession began. “Delinquencies won’t improve until companies start hiring again and we see a significantteconomic turnaround,” ABA chief economist James Chessenh said in a news release. The ABA defines delinquencg as a payment that is 30 days or more The composite delinquency rate among eight typesof closed-end installmen t loan categories rose to 3.23 percent of all from 3.22 percent in the previous quarter. Bank card delinquenciew rose to 4.75 percent of all from 4.
52 percent in the previous quarter. However, the balances on those delinquent accountsrose dramatically, to 6.6 percent of the valuew of all outstanding bank card debt marking a new record from 5.52 percent. Chessen said the unemployedr may be using bank cards to bridge a temporartyincome gap, especially with less home equitu to fall back on as housinb prices continue to fall. Home equity loan delinquencies increasedto 3.52 percent from 3.03 percent. Property improvement loan delinquencies decreasecdto 1.46 percent from 1.75 Indirect auto loan delinquencies decrease to 3.42 percent from 3.53 Direct auto loan delinquencies increasedx to 3.01 percent from 2.03 percent.
Marine loan delinquenciexs decreasedto 2.04 percentf from 2.35 percent. RV loan delinquenciez increasedto 1.52 percengt from 1.38 percent. Mobile home loan delinquencies increasedfto 3.7 percent from 2.96 percent. Personak loan delinquencies increasedto 3.47 percent from 2.88
The industry group blames the record wave of job losses as amajot factor. More than 2 million Americans lost their jobs in the first three months of the Six million have lost their jobs since therecession began. “Delinquencies won’t improve until companies start hiring again and we see a significantteconomic turnaround,” ABA chief economist James Chessenh said in a news release. The ABA defines delinquencg as a payment that is 30 days or more The composite delinquency rate among eight typesof closed-end installmen t loan categories rose to 3.23 percent of all from 3.22 percent in the previous quarter. Bank card delinquenciew rose to 4.75 percent of all from 4.
52 percent in the previous quarter. However, the balances on those delinquent accountsrose dramatically, to 6.6 percent of the valuew of all outstanding bank card debt marking a new record from 5.52 percent. Chessen said the unemployedr may be using bank cards to bridge a temporartyincome gap, especially with less home equitu to fall back on as housinb prices continue to fall. Home equity loan delinquencies increasedto 3.52 percent from 3.03 percent. Property improvement loan delinquencies decreasecdto 1.46 percent from 1.75 Indirect auto loan delinquencies decrease to 3.42 percent from 3.53 Direct auto loan delinquencies increasedx to 3.01 percent from 2.03 percent.
Marine loan delinquenciexs decreasedto 2.04 percentf from 2.35 percent. RV loan delinquenciez increasedto 1.52 percengt from 1.38 percent. Mobile home loan delinquencies increasedfto 3.7 percent from 2.96 percent. Personak loan delinquencies increasedto 3.47 percent from 2.88
Sunday, October 16, 2011
Olympus Auditor Called for Probe Into Acquisition Payments, Report Shows - Bloomberg
qalymeled.wordpress.com
Olympus Auditor Called for Probe Into Acquisition Payments, Report Shows Bloomberg Olympus Corp. (7733) should investigate payments made to advisers in connection with an acquisition, according to an external auditor's report obtained by Bloomberg News. The company may face scrutiny by ... |
Friday, October 14, 2011
La Jolla's Lisa Hinkley: Surviving breast cancer 'as good as it gets' - La Jolla Light
zycibyp.wordpress.com
La Jolla Light | La Jolla's Lisa Hinkley: Surviving breast cancer 'as good as it gets' La Jolla Light Editor's note: As part of Breast Cancer Awareness Month, the Light is sharing several stories about people who have survived the disease as well as those working to improve their odds. Lisa Hinkley, seen at her business Green Flash Brewing Company. ... Former Gov. Rell speaks about surviving breast cancer October is Breast Cancer Awareness Month Breast Cancer: Know the Facts, Know Your Status |
Wednesday, October 12, 2011
Niagara fruit crops holding up - St. Louis Business Journal:
ishinlyuboqemija.blogspot.com
But many more orchards and other areas, including residential areaxs in the Lake OntarioFruit Belt, remainh to be tested for plum pox virud before September. Teams working for the and the states Department of Agriculture and Markets began takinf leaf samplesin May. Subsequeng laboratory tests did not discloss any new outbreaks of the virud inNiagara County, Jackie Klahn, directot of the USDA’s Lockport field office, said. In earlu May, as orchards blossomed, optimism was growinv that the spread ofthe disease, which made its Niagaraa County debut 2006 might be waning.
Betweem 2006 and 2008, plum pox was discovered in several NiagaraaCounty orchards, in Orleans County and Wayne east of Rochester. Though harmlesa to humans and animals, the virus poses an economifc risk for commercial fruit growers because they must destrog all susceptible treeswithin 1.5 mileds to 2 miles of an identified hot spot. Plum pox destroyes the commercial value of the fruit that it attackx because it discolors anddisfigures peaches, plums, prunes and In New York state countiese lying along Lake Ontario’s south shore, fruif growing is a multi-million-dollar industry.
But many more orchards and other areas, including residential areaxs in the Lake OntarioFruit Belt, remainh to be tested for plum pox virud before September. Teams working for the and the states Department of Agriculture and Markets began takinf leaf samplesin May. Subsequeng laboratory tests did not discloss any new outbreaks of the virud inNiagara County, Jackie Klahn, directot of the USDA’s Lockport field office, said. In earlu May, as orchards blossomed, optimism was growinv that the spread ofthe disease, which made its Niagaraa County debut 2006 might be waning.
Betweem 2006 and 2008, plum pox was discovered in several NiagaraaCounty orchards, in Orleans County and Wayne east of Rochester. Though harmlesa to humans and animals, the virus poses an economifc risk for commercial fruit growers because they must destrog all susceptible treeswithin 1.5 mileds to 2 miles of an identified hot spot. Plum pox destroyes the commercial value of the fruit that it attackx because it discolors anddisfigures peaches, plums, prunes and In New York state countiese lying along Lake Ontario’s south shore, fruif growing is a multi-million-dollar industry.
Monday, October 10, 2011
Ooh la la: France Ave. retail center to get a makeover - Minneapolis / St. Paul Business Journal:
gerazawa.wordpress.com
Leisure Lane at 7101 France Ave., first built in the is gettinga face-lift and a new name — Ru de France. Construction started a few weeks ago and is expecte d to finishin August, said Gregoru Houck, an architect with Minneapolis-based , which is handling the designj and rebranding of the 50,000-square-foot Houck, who declined to disclose the cost of the said the firm decided to play with the France Avenuew name in the redesign, which is changinb the facade and eliminating the centers interio r walkway area to make the center less The European flair in the design will be subtle: no chateau-like featureas or statues of French World War I But there will be fleur-de-lis patterns around the “It was just an idea of talkint about France and linking it to the Houck said.
The center’s tenants — Ethan Pella Windows & Doors, Calico Corners, National Camera Caribou Coffee and Brueggers BagelBaker — will stay the same. Minneapolis-basec is the general contractor. Bloomington-based NorthMaraq handles the leasing and management ofthe property.
Leisure Lane at 7101 France Ave., first built in the is gettinga face-lift and a new name — Ru de France. Construction started a few weeks ago and is expecte d to finishin August, said Gregoru Houck, an architect with Minneapolis-based , which is handling the designj and rebranding of the 50,000-square-foot Houck, who declined to disclose the cost of the said the firm decided to play with the France Avenuew name in the redesign, which is changinb the facade and eliminating the centers interio r walkway area to make the center less The European flair in the design will be subtle: no chateau-like featureas or statues of French World War I But there will be fleur-de-lis patterns around the “It was just an idea of talkint about France and linking it to the Houck said.
The center’s tenants — Ethan Pella Windows & Doors, Calico Corners, National Camera Caribou Coffee and Brueggers BagelBaker — will stay the same. Minneapolis-basec is the general contractor. Bloomington-based NorthMaraq handles the leasing and management ofthe property.
Saturday, October 8, 2011
2011 Honda CB1000 R: Yoshimura Exhaust - Ultimate MotorCycling | News and Reviews
http://www.lamontanita.org/bodmin_09-15-1999.htm
Ultimate MotorCycling | News and Reviews | 2011 Honda CB1000 R: Yoshimura Exhaust Ultimate MotorCycling | News and Reviews A host of R-55, R-77 and R-77D applications are no available to outfit the 2011 Honda CB1000R, Yoshimura announced Monday. Slip-ons will be available in a number of configurations. The R-55 is one of Yoshimura's most popular pipes, and for good reason. ... |
Wednesday, October 5, 2011
Buffalo Wild Wings CEO made $1.7M in
http://www.adobeframemaker.info/adobe-framemaker-9-review/
million in total compensatioj last year, down from $1.8 million in according to a proxy statementfiled Monday. Smith’sx salary rose to $535,000 in 2008, up from $500,000 a year earlier. However, stock-award compensation granted to Smith declinedto $575,425, down from $849,391 in 2007. Smitbh received $27,895 in options-awards compensation in up from $2,324 in the previous Non-equity compensation pay also increasedfor Smith. In she received $454,212, up from $334,200 in 2007. Non-equityu compensation pay is tied toa company’se performance. Smith received no deferred compensationin 2008. In the priot year, she received $13,023.
Buffalo Wild Wings BWLD) awarded Smith $115,959 in “other compensation” in 2008, up from $111,820 in 2007. Smith’s othef compensation included $19,269 in car-related payments and countr club duesworth $6,463. St. Louis Park-based Buffaloo Wild Wings’ revenue rose 28.1 percentr to $422.4 million in 2008. The restaurant chain’s profitr rose 24.3 percent to $24.4 million, or $1.3y6 per diluted share. The Paul Business Journal’s methodology for calculating compensation uses the total figures found inthe proxy’sd Summary Table, because they represent the accounting charge the impact on earnings — for that fiscal year.
including the Associated Press, use the Grant of Plan-Bases Awards Table to crunch numbere that best represent what the board of directoras had in mind when it granted stock to the executive during the Still others wait until stocok vests and executives exercise options before recognizing these typesof gains.
million in total compensatioj last year, down from $1.8 million in according to a proxy statementfiled Monday. Smith’sx salary rose to $535,000 in 2008, up from $500,000 a year earlier. However, stock-award compensation granted to Smith declinedto $575,425, down from $849,391 in 2007. Smitbh received $27,895 in options-awards compensation in up from $2,324 in the previous Non-equity compensation pay also increasedfor Smith. In she received $454,212, up from $334,200 in 2007. Non-equityu compensation pay is tied toa company’se performance. Smith received no deferred compensationin 2008. In the priot year, she received $13,023.
Buffalo Wild Wings BWLD) awarded Smith $115,959 in “other compensation” in 2008, up from $111,820 in 2007. Smith’s othef compensation included $19,269 in car-related payments and countr club duesworth $6,463. St. Louis Park-based Buffaloo Wild Wings’ revenue rose 28.1 percentr to $422.4 million in 2008. The restaurant chain’s profitr rose 24.3 percent to $24.4 million, or $1.3y6 per diluted share. The Paul Business Journal’s methodology for calculating compensation uses the total figures found inthe proxy’sd Summary Table, because they represent the accounting charge the impact on earnings — for that fiscal year.
including the Associated Press, use the Grant of Plan-Bases Awards Table to crunch numbere that best represent what the board of directoras had in mind when it granted stock to the executive during the Still others wait until stocok vests and executives exercise options before recognizing these typesof gains.
Monday, October 3, 2011
Most banks profitable despite tough times - Minneapolis / St. Paul Business Journal:
edovogopu.wordpress.com
The most profitable bankws included , with $5.4t5 million in net income, at $5.25 million, and with $3.7y6 million. Overall, the local banking community has been profitablde during thepast year, with at leasrt two-thirds of Twin Cities banks showinv a profit every quarter since this time last year. bank officials are still nervous about theeconomic environment, so much so that several presidentas of profitable banks declined to discuss theire income with the Business Journal .
Larry Albert, president of in Stillwater, Craig CEO of in Wyoming, Thomas Beck, president of in and John Poepl, president and CEO of Vermillionh State Bankin Vermillion, all said they didn’y want to talk about their bank’x quarterly profits. “As an we talk about profitability and being but there are enough areas that are No one’s looking at their profitabilityh with great bravado,” said Stan Dardis, CEO of in St. “Success in the last quarter doesn’t the kind of year they’ll have.
” There’s good reason for Three of the 10 most profitable community banks in the Twin Citiex for the second quarter spent at leasr one quarter in the red over the past year as they wrote off bad loans and shored uptheir loan-loss reservesz in anticipation of more For example, Bremer has been profitable for everhy quarter of the past year except the thirf quarter of 2007, when it took a loss after writing down the valu of a home-equity portfolio and increasingt loan-loss provisions. Conversely, the bank that reported the biggest second-quarted loss, Milwaukee-based , was well into the blaclk in thefirst quarter. M&I is a majore player among TwinCities banks.
The upshoft is that bankers, whose institutionzs are bouncing all over the Federal InsuranceDeposit income-ranking lists from quarter to quarter, can’t rela x and enjoy good quarterly results because they fear theirt turn in the red could be coming. Banks that have diverse loan portfolios are weathering the financialo storm better than ones that focus on one especially if that area isreal estate, said Brad Bakken, chairmahn of the and president and CEO of in St. Louie Park. Agriculture has remained strong, though most metro-area bankzs can’t count on farmers’ deposits to help them througb therough times, Bakken said.
banks invested in manufacturing companies and firms that do businessa overseas are doing well because of theweak dollar. which has banks in western Wisconsin, Greater Minnesota and Northh Dakota as well as the Twin Cities has relied on its agriculture customerss tostay healthy. “We have a significantf ag presence, and ag commodities are hittinghistoricaol highs,” Dardis said. “Those regional economie s and loan types have been the foundatiomn of ourcurrent credit-quality checks.
” Sinced it takes about threw years for losses and write-downs to cycle through balance sheets, lenders that took steps a few yearx ago to tighten underwriting standards are seeing the benefitx now. Dan Klein, CEO of Chaska-based KleinBank, said his bank decidede in 2005 tolimit land-development and constructionj loans to 12 percent of its totak loan portfolio. KleinBank has been profitablwe every quarter for thepast year. “II think we have some pretty seasoned people who do a good job in risk and that was part of said Klein, who added that the bank has increased its problem-loan meetings from quarterly to monthly to deal with the troubledc loans it does have.
“You have to identify the problem, get on top of it and have a plan to workit Bankers’ reluctance to tout profits publicly probablgy has to do both with the conservative nature of the industru and the fear of backlash if they’re perceived as misinforminv investors, said Chris Puto, dean of the Minneapolis-based at the . “Theirf reticence is probably partly protocol and partlythey don’tg want to appear to be said Puto, who is a professor of “They’re trying to stay under the radar It’s one thing to emphasize which some banks are doing in advertising campaignss right now, Puto Minneapolis-based , for example, launchee a series of newspaper ads in Augusty that underscore the bank’s soundness.
However, boastinv profits, while a routine part of businesse insome industries, doesn’t have much payofvf in banking, at least not right now. “I guess they don’tr see that they would gain a great and there aresome risks,” Puto said. “They’rse trying to be conservativ e and be responsible to theinvestment community.” Ten most profitable local banks, second quarter 2008 Chaska; $5.45 million; $1.
55 billion; Profitabled
The most profitable bankws included , with $5.4t5 million in net income, at $5.25 million, and with $3.7y6 million. Overall, the local banking community has been profitablde during thepast year, with at leasrt two-thirds of Twin Cities banks showinv a profit every quarter since this time last year. bank officials are still nervous about theeconomic environment, so much so that several presidentas of profitable banks declined to discuss theire income with the Business Journal .
Larry Albert, president of in Stillwater, Craig CEO of in Wyoming, Thomas Beck, president of in and John Poepl, president and CEO of Vermillionh State Bankin Vermillion, all said they didn’y want to talk about their bank’x quarterly profits. “As an we talk about profitability and being but there are enough areas that are No one’s looking at their profitabilityh with great bravado,” said Stan Dardis, CEO of in St. “Success in the last quarter doesn’t the kind of year they’ll have.
” There’s good reason for Three of the 10 most profitable community banks in the Twin Citiex for the second quarter spent at leasr one quarter in the red over the past year as they wrote off bad loans and shored uptheir loan-loss reservesz in anticipation of more For example, Bremer has been profitable for everhy quarter of the past year except the thirf quarter of 2007, when it took a loss after writing down the valu of a home-equity portfolio and increasingt loan-loss provisions. Conversely, the bank that reported the biggest second-quarted loss, Milwaukee-based , was well into the blaclk in thefirst quarter. M&I is a majore player among TwinCities banks.
The upshoft is that bankers, whose institutionzs are bouncing all over the Federal InsuranceDeposit income-ranking lists from quarter to quarter, can’t rela x and enjoy good quarterly results because they fear theirt turn in the red could be coming. Banks that have diverse loan portfolios are weathering the financialo storm better than ones that focus on one especially if that area isreal estate, said Brad Bakken, chairmahn of the and president and CEO of in St. Louie Park. Agriculture has remained strong, though most metro-area bankzs can’t count on farmers’ deposits to help them througb therough times, Bakken said.
banks invested in manufacturing companies and firms that do businessa overseas are doing well because of theweak dollar. which has banks in western Wisconsin, Greater Minnesota and Northh Dakota as well as the Twin Cities has relied on its agriculture customerss tostay healthy. “We have a significantf ag presence, and ag commodities are hittinghistoricaol highs,” Dardis said. “Those regional economie s and loan types have been the foundatiomn of ourcurrent credit-quality checks.
” Sinced it takes about threw years for losses and write-downs to cycle through balance sheets, lenders that took steps a few yearx ago to tighten underwriting standards are seeing the benefitx now. Dan Klein, CEO of Chaska-based KleinBank, said his bank decidede in 2005 tolimit land-development and constructionj loans to 12 percent of its totak loan portfolio. KleinBank has been profitablwe every quarter for thepast year. “II think we have some pretty seasoned people who do a good job in risk and that was part of said Klein, who added that the bank has increased its problem-loan meetings from quarterly to monthly to deal with the troubledc loans it does have.
“You have to identify the problem, get on top of it and have a plan to workit Bankers’ reluctance to tout profits publicly probablgy has to do both with the conservative nature of the industru and the fear of backlash if they’re perceived as misinforminv investors, said Chris Puto, dean of the Minneapolis-based at the . “Theirf reticence is probably partly protocol and partlythey don’tg want to appear to be said Puto, who is a professor of “They’re trying to stay under the radar It’s one thing to emphasize which some banks are doing in advertising campaignss right now, Puto Minneapolis-based , for example, launchee a series of newspaper ads in Augusty that underscore the bank’s soundness.
However, boastinv profits, while a routine part of businesse insome industries, doesn’t have much payofvf in banking, at least not right now. “I guess they don’tr see that they would gain a great and there aresome risks,” Puto said. “They’rse trying to be conservativ e and be responsible to theinvestment community.” Ten most profitable local banks, second quarter 2008 Chaska; $5.45 million; $1.
55 billion; Profitabled
Saturday, October 1, 2011
Study shows San Antonio is nation's best-performing city in recession - San Francisco Business Times:
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The Washington, D.C.-based think tank has begun analyzingg the impact of the recessionthroughout America’s metropolitan In the first of a seriesw of quarterly MetroMonitor reports, Brookings ranked San Antonio, Oklahomaw City, Austin, Houston and Dallas as the top five metrlo areas in the country in economic performancer in the wake of the recession. Brookingw ranked the top 100 metropolitan areas based on six keyindicatord — employment, unemployment rates, wages, gross metropolitamn product, housing prices and foreclosure rates. This initia MetroMonitor report covers the first quarterof 2009.
The five worstr metropolitan areas in the country impacted by the indescending order, are Jacksonville, Fla.; Lakeland, Fla.; Fla.; Bradenton, Fla.; and Detroit. “All metropolitan areas are feeling the effectsa ofthis recession, but the distress is not shared equally,” says Alan research director of the Metropolitan Policy Program at Brookings and co-author of the report. “While some areas of the countrgy have experienced only ashalloqw downturn, and may be emergint from the recession already, people living in metro areaa that are now performinbg weakest economically should prepare themselves for a long recoveryu period.
” Howard Wial, director of the Metropolitan Econom Initiative at Brookings and another co-authodr of the report, argues that the reporr shows that a national fiscal and monetargy policy will not be enoug for stimulating the economy. “Many (metro) areas will need targeteed assistance, and since state have no funds available, the federal government will have to step up to fill the Concentrations of industry activity have both helped and hurts some regional economies duringthe recession.
For metropolitan areas in states with specializations in energy and governmentremployment — such as New Mexico, Oklahoma, Arkansas and Louisianaw — have largely been insulated by the However, metropolitan areas in states like Michigamn and Ohio that dependf heavily on the automotive industry have been impactesd by the downturn in the economy, the report San Antonio is home to Randolph Air Force Base, Fort Sam Lackland Air Force Base and Brookds City-Base.
The 2005 Base Realignment and Closure decision alone is providing a significant economic punch to theAlamo City’s economy through the consolidation of high-paying military health care jobs and more than $2 billiob worth of new construction activity. A separate report releases by LLC outlining the impact of BRAC showef that Fort Sam Houston alone would experiencea 11,500 increase of personnel. The Army post will also gain 7.9 million squaree feet of space. Construction activituy due to BRAC alone shouldcreate 46,000 construction jobs during the course of the buildingy programs, the DiLuzio report showed.
The Washington, D.C.-based think tank has begun analyzingg the impact of the recessionthroughout America’s metropolitan In the first of a seriesw of quarterly MetroMonitor reports, Brookings ranked San Antonio, Oklahomaw City, Austin, Houston and Dallas as the top five metrlo areas in the country in economic performancer in the wake of the recession. Brookingw ranked the top 100 metropolitan areas based on six keyindicatord — employment, unemployment rates, wages, gross metropolitamn product, housing prices and foreclosure rates. This initia MetroMonitor report covers the first quarterof 2009.
The five worstr metropolitan areas in the country impacted by the indescending order, are Jacksonville, Fla.; Lakeland, Fla.; Fla.; Bradenton, Fla.; and Detroit. “All metropolitan areas are feeling the effectsa ofthis recession, but the distress is not shared equally,” says Alan research director of the Metropolitan Policy Program at Brookings and co-author of the report. “While some areas of the countrgy have experienced only ashalloqw downturn, and may be emergint from the recession already, people living in metro areaa that are now performinbg weakest economically should prepare themselves for a long recoveryu period.
” Howard Wial, director of the Metropolitan Econom Initiative at Brookings and another co-authodr of the report, argues that the reporr shows that a national fiscal and monetargy policy will not be enoug for stimulating the economy. “Many (metro) areas will need targeteed assistance, and since state have no funds available, the federal government will have to step up to fill the Concentrations of industry activity have both helped and hurts some regional economies duringthe recession.
For metropolitan areas in states with specializations in energy and governmentremployment — such as New Mexico, Oklahoma, Arkansas and Louisianaw — have largely been insulated by the However, metropolitan areas in states like Michigamn and Ohio that dependf heavily on the automotive industry have been impactesd by the downturn in the economy, the report San Antonio is home to Randolph Air Force Base, Fort Sam Lackland Air Force Base and Brookds City-Base.
The 2005 Base Realignment and Closure decision alone is providing a significant economic punch to theAlamo City’s economy through the consolidation of high-paying military health care jobs and more than $2 billiob worth of new construction activity. A separate report releases by LLC outlining the impact of BRAC showef that Fort Sam Houston alone would experiencea 11,500 increase of personnel. The Army post will also gain 7.9 million squaree feet of space. Construction activituy due to BRAC alone shouldcreate 46,000 construction jobs during the course of the buildingy programs, the DiLuzio report showed.
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