Saturday, December 31, 2011

Colorado launches long-term care insurance program - Wichita Business Journal:

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The "Own Your Future" program, unveiled Tuesday, is overseemn by various state agencies under thelabelk "Colorado Long-Term Care Partnership." The program will make available an insurance program to Coloradans ages 45 to 65 through privatd insurers. The program "enables Colorado residentw whopurchase Long-Term Care Partnershiop insurance to have more of their assetx protected if they later need the state Medicaid program to help pay for theif long-term care," . Thosd applying for Medicaid might otherwise haveto "spenf down" more of their own assets in ordee to be eligible for Medicaid coverage.
"Coloradoo is using this approach to give its citizens greatetr control over how they financetheir long-term care and to help shor up the public safety net againsf upcoming demographic pressures," the website says. Such partnerships were established by federal law in 2006 to help preserve the stabilith of state Medicaid programs and to promoteprivate long-term care programs. Agenciews involved include the state Department of Health Care Policgand Financing, the Division of Insurance, the Department of Human Service’xs Division of Aging and Adult Servicesx and the Governor’s Office. Colorado Gov.
Bill Ritted was to kick off the campaign at a statde Capitol news conferenceat 11:30 a.m. Tuesday.

Thursday, December 29, 2011

GM trying to strong-arm Florida dealers, McCollum says - Houston Business Journal:

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The objection was filed with the ’sx Southern District of New York, where General Motors (OTC.PK: GMGMQ) filed for Chapte 11 bankruptcy protection earliedrthis month. In the filing, McCollum said that Generaol Motorshas “misused [its] bankruptcy-enhanced bargaininbg power and forced automotive dealers to waive the very statde laws that were designed to protecrt them from such overreaching conduct.” The problen stems from GM asking dealers to agreed to waive several protections unde r Florida law before they can be consideres a dealer through the new General Motors organization, McCollun said.
GM also wants disputes over the agreementx to play out in New York despite laws that give Florida jurisdictiomn insuch matters. McCollum is asking the court to “affirm that the relationshipp between New GM and its Floridwa dealers will be governed byFlorida law” and ordeer any new agreement that does not followa Florida law to be “invalid and unenforceable.” “In the event the court approvea the sale motion, it should clarify that such approvapl does not validate the attempt to evade Florida law by amending the dealeer franchise agreements,” McCollum The new agreements create an ultimatum along the line of “take it or leave McCollum said, meaning dealers either have to lose the protectionxs of Florida law or lose their business.
The New GM couldc have some problems doing businessd if such stipulations in agreements with dealerdswould remain, McCollum said. The new company would have to apply for a new licensw to operatein Florida, and it could have that applicatioj denied if state officials feel the companyu is working to circumvent state law.

Tuesday, December 27, 2011

Morris Manning opens in Beijing - Atlanta Business Chronicle:

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Other law firms with Atlanta offices have officesin Beijing, includinf Jones Day, LLC (whichy is a separate entity from the domestic ), LLP, and LLP. But none are basecd here. Atlanta-based LLP is in Shangha i and Hong Kong. Some, like Arnall Goldem Gregory LLP, work in China but have yet to openofficeas there. Morris Manning Managing Partner Bob Saudek said that what distinguishexs his firm from large firms is that Morriws Manning is representing Chinese companies that want to do businesa in theUnited States, as opposed to larger U.S. companies working in China. Saudek said Chinesde contacts alreadyare “bearing fruit” in that “it’s generatinbg new business for us.
” Georgia Department of Economi c Development Commissioner Ken Stewart sees the openinv of such an office with the firm establishing ties on behalf of Chinese companies to Georgia as a positive. “jI think it would be a significant benefit for he said. “The more connections we have with — and I thinkl they’re going to be in Beijing — companies and individuals in the governmeng there directly connecting us here in the state of the more beneficial it isfor us.” Morrid Manning’s Saudek described the work his firm performws as threefold.
The first is intellectual propertty prosecutions on behalf of Chinese companies when theid products are imported in theUnitedc States. Then there is corporate and securities work. Among the Chinesr companies that Morris Manning servicesis (Nasdaq: which is located in Ruian City, The move is a natural outgrowthj of a line of business that beganj expanding for the firm about five yearsa ago. That was when the firm hiredx Tim Xia, a one-time Georgia Tech professor who was a physicist specializingv in supercomputing and a variety of other Xia was born in China andattended . Duringg the week of April 6, Xia was on a traded mission to China sponsored by the MetroiAtlanta Chamber.
The opening of the office is timed with the With the success of the busines that Xia began bringing to the Morris Manning chose to add moreMandarib speakers. The firm added Ping who attended medical school in China and who had workedx forDLA Piper, for its Washington office. In all, the firm has 12 Mandarinb speakers from the top partner level down to patentr agentsand paralegals, many of whom participate in conference calls with clients in the middl e of the night because of the time change. Amongh them is Ming Jiang, a “technical adviser” — a title abovee that of patent agent who holds a doctorate fromthe .
who has worked for the firm for the last four yeardin Atlanta, will move to Beijing to stafc the office. The plan is for Morris Manning’s U.S.-based attorneys to use the office as a stoppingy pointfor travels. Saudek said he envisions increasing the staffing over time, but that the Chiness government has restrictions on the ability of non-Chinesed companies and individuals to practice law there. The firm also recentlgy has opened an officein Taiwan. That office is led by Raymond Ho, who servexs in an “of-counsel” capacitu out of the firm’s Washington office. Saudei said the firm is not finishes with itsinternational expansions.
Two of its attorneys, John Yatews and Jason D’Cruz, traveled to India exploringg business possibilities withtechnology companies. Saudek said his understandingy is that India does not allow foreign law firmse to establish offices there but the countryg is actively considering a timetablr to loosen that restrictiomn and the firm is positioning itselft forthat change. The firm also is lookinh at Europe, Saudek said.

Saturday, December 24, 2011

Aurora opening Summit clinic early - Dallas Business Journal:

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The Aurora Wilkinson Medical Clinic will open Octobef 26 and will replace the current Auroraq Wilkinson Medical Clinic at 915Summit Ave. in although urgent care services will continue to beofferedc there. The new clinic also will replace the AurorsWilkinson Women’s Center and the Auroraq Vision Center, both currently in Oconomowoc. The othedr Aurora Wilkinson Medical Clinic locations in Hartland, Dousman, Delafield, Walesw and Waukesha – will continue to serve patients. “October 26 will represent the start of a new era in healtu care inthis area,” said Dr.
Davird Ulery, president of Aurora WilkinsonMedical “The opening of our new clinic and cancer centet will move us closer to a fullyh integrated system of care for the people of western Waukesha County.” the hospital part of the project remains on scheduls to open in early 2010, Aurora officials said. The Wilkinso clinic will open at the same time as the new Vincde Lombardi Cancer Clinic on theSummit campus. The new Aurorqa Medical Center campus in the Town of Summit is at the southeas t corner of Interstate 94 and Highway 67. The new Aurora Wilkinson Medical Clini c will be on the west side ofthe campus, and the new Vincr Lombardi Cancer Clinic is on the sout h side.

Thursday, December 22, 2011

History's AX MEN Season 5 to Premiere 1/8 - Broadway World

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History's AX MEN Season 5 to Premiere 1/8

Broadway World


Season five of the popular series premieres Sunday, January 8 at 9pm ET on HISTORY. For generations, loggers have put their lives on the line every day to provide America with the timber it needs. But these AX MEN will do anything to claim "Green Gold" ...



and more »

Tuesday, December 20, 2011

New chairman for Consolidated-Tomoka - Orlando Business Journal:

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The following officers were re-elected: William McMunn, president and CEO; Bruce Teeters, senior vice president of financeand treasurer; Roberty Apgar, senior vice president, general counseo and assistant corporate secretary; Linda Crisp, vice president and corporatr secretary; and Gary Moothart, vice president and controller Consolidated-Tomoka Land is focusedr on converting company-owned agricultural lands into a portfolio of net lease incomde properties in the Southeast through 1031 tax-deferred exchanges, as well as development. A 1031 named after a sectionh of the IRStax code, is the exchange of one type of property for another similat type of property.
The firm in Aprill reported first-quarter net income was or 6 centsper share, more than doubls net income for the same perior in 2008. Company shares closed at $32.71 June 12, down 4 centx from the previous day’sx close. Shares have tradedd from a lowof $21.56 to a high of $50.56 over the last 52

Sunday, December 18, 2011

Racemark lays off 36, ships work to Ga. plant - The Business Review (Albany):

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Employees were notified July 2 that the company will move most of its operatione to its plantin Calhoun, Ga., CEO Ginger Cannon Baileyt said. Racemark makes luxury floor mat for such manufacturerdas , , , and All 36 employees, most of whom work in were offered the same positions at the Georgiz plant, Bailey said. About 20 people will remaih at theMalta location. Racemark’s Switzerlancd operations will continue toemploy 20; 40 people currently work at the Georgia plant, Bailey She said the company has a “very strong balance sheet” and has fare d better than many other automotive manufacturerse in this recession.
Sales have slowex at Racemark, but the company does not sell to anyof Detroit’e automakers—the manufacturers hardest-hit by the recession. The company had some layoffs inlate 2008, but thoses were the first since the company was Bailey said. Her husband, former professional race car driver Bob started the company in 1964 to manufacture racinvsafety equipment. Bailey said it became too costly to operatretwo U.S. plants. Most of the supplies for the company’s mats come from the so moving most of its manufacturinvg to Georgia madefinancial sense, Baileyy said. “It’s a move that will make the company stronger and she said.