Friday, June 29, 2012

M/I Homes planning stock sale - Business First of Columbus:

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Based on the $15.07 close of Columbus-based M/I’s stockj on Monday, the proposerd offering would be valued atabout $60.32 million. M/I said it plans to use proceedxsfor “general corporate purposes.” The companyu said the offering’s underwriters also have the optio n to buy an additional 600,0009 shares. Selling the additional shares woulr boost the value of the offering to morethan $69 A group led by and is managing the the company said. News of the sale comeds a few weeks after the homebuilder disclosesa $28 million loss in the first up from a loss of $22 million a year ago, even as home saleas contracts jumped 20 percenty from a year ago.
That came on the heels of a $250 millionn loss in 2008. Besides building in M/I (NYSE:MHO) also buildws single-family houses and condominiumsdin Florida, suburban Washington, D.C., and Charlotte and Raleigh, N.C.

Thursday, June 28, 2012

Washington Mystics, Exxon Mobil sign partnership - Washington Business Journal:

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Along with being the official sponsot of the Mystics Student of the Week the energygiant (NYSE:XOM) will get other sponsorship perkas such as courtside signs and online Terms of the contract were not The Student of the Week programn will recognize a female high school studenrt who has excelled in math or Each selected student will be honored during a Mysticw home game, get a tour of the Lincolnh Memorial and attend a show at the Ford Theated with a Mystics player. “We are pleaserd to welcome Exxon Mobil to our corporatsepartners family,” said Mystics Chief Operating Officer Greg Bibb.
“Out partnership with a global businesse leader such as Exxon Mobil will allow us to honorr and aid deserving young women whoare tomorrow’sa leaders in the fields of science and The Washington Mystics’ home opener is June 7 against the Atlanta Dream. The Washington Nationals, which play in one of the firsr professional baseball stadiums to be LEED Silver certified bythe U.S. Greemn Building Council, has been criticized by environmentaol groups forsigning Exxon-Mobil on as a majot sponsor.

Tuesday, June 26, 2012

Supreme Court mostly rejects Arizona immigration law; gov says ... - CNN

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The Atlantic


Supreme Court mostly rejects Arizona immigration law; gov says ...

CNN


The U.S. Supreme Court on Monday struck down key parts of an Arizona law that sought to deter illegal immigration, but let stand a controversial provision ...


Republicans mostly pleased

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Monday, June 25, 2012

Tenants

Washers
The other is, what baubles are landlords willingh to dangle in front of brokers who bringy thema tenant? Or, when they are really just to get someone to look at the space? In real estate’s long upward run from 2005 to 2007, such freebies slowex to a trickle. Now, with the industry having tumbled into its winter of broker incentives may be the sole part of the market makinga comeback. Brokers are reporting a dramatic upticok in bottlesof wine, iPods, gift cards and that old cash, in return for just showing up at the marketingt party. For those who actually bring in a the goodies get alot better. Bonus commissions in San Francisc have jumpedto $2 a square foot.
And there’xs more. At the mostly empty 333 Bush St., it was an all-expenses-paide trip to the Supet Bowl inNew Orleans. At One Market St., it was a Harley-Davidson motorcycle. At the old 24,000-square-foot Red Herring digs at 19 Davis Drivein Belmont, a lease results in a $10,000 trip to according to broker John Barsocchini of . Heck, just bringingg around a prospective tenant gets you a Canon PowerShotdigita camera. “It has to be a real client — not your said Barsocchini.
It remainsz to be seen if anybody makes out as well playing freebie roulettr as longtime San Francisco brokedMeade Boutwell, whose winning of a classic Porsch e Roadster in a 1986 broker raffle remains the gold standars in such things. All he had to do to entere was get someone to look atthe space. He did and they leased someplace else. “In many cases,” Boutwel noted a few years back, “thee incentives were a lot better than the Twodecades later, Boutwell mostly commutess by bike from Marin, but still has the car and takeds it out for the occasional spin. “It is a beautiful car, and it’s an honor to own it,” said Boutwell.
Of the current he said, “There is nothintg here that has not been done though “there has only been one Porsche and I got it.” New Lots of angles, few angels As a longtime Bostoniah turned Californian, it’s not surprising that Paul founder of tech startup microfinance pioneer , has a somewhat jaundicecd view of New Yorkers. But he’s turnee it into a business principle, as an explanation of why Californians have it all over their Big Apple brethren when it comes toangel investing. “Thiws is not a business where you make mone screwingpeople over, right?
You have to actuallg be good, not just pretend to be he observed at a recent conference on the ways of “I think that’s why angel investing has not really taken root in New York. How do you make moneyt if you’re not screwing somebody over?”

Sunday, June 24, 2012

Small businesses wary of health care reform - Jacksonville Business Journal:

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That goal, however, may not be achieved in the legislationh now movingthrough Congress, some business groups They’re afraid the bill being marked up this month by the Senate Education, Labor and Pensions Committee won’r do enough to control health care but will go too far in imposingt stiff new insurance requirements—including minimum coverage levels—on They also worry that includinyg a government-run plan as an option in new insurancwe exchanges would lead hospitals and doctorse to charge private insurers more for their servicees in order to compensate for underpayments they woulxd receive from the public plan. The U.S.
Chamber of Commercee has e-mailed its members, urging them to oppose the SenateeHELP Committee’s bill, calling it “a dangerous proposal.” James Gelfand, the chamber’s seniore manager of health policy, said now is the time for businessess to demand changes in the bill, includintg striking a requirement for employers to provid e insurance to their workers. “We need health Gelfand said, but if the bill isn’t fixed, “ don’t know how we coul possibly support it.
” The prospecgt of health care reform raising costas for small businessesis “a legitimate said John Arensmeyer, CEO of Small Business Majority, an organizatio that believes employers should provide insurance to their A study commissioned by the organization found that businesses with fewefr than 100 employees could save as much as $855 billio n over the next 10 years if healtu care reform is enacted. The analysis, conducted by Massachusettsw Institute of Technology economist Jonathan assumes that Congress will require all but the smallesf firms to provide health insurance to their employeez or pay a fee to thefederalp government, based on their size.
It also assumes that Congress will provids tax credits to small businesses to help them pay forthe coverage—a provision that is included in the Senate HELP Committee’s Todd McCracken, president of the National Small Business Association, said it’s “noyt yet clear” whether small businesses will be better off after healthh care reform. Providing tax credits or other subsidies to small businesses for insurancee coveragecould “create all kinds of weir incentives and disincentives” for companies, he said.
McCracken also is disappointede that the health care reform bills in theie earlyforms aren’t more aggressive abouft driving down health care costs by changing the way mediciner is practiced. The National Federation of Independeng Business has been lobbying hard for healtbh care reformfor years, with the goal of bringintg down costs for small employersa through pooling mechanisms and insurance market Like McCracken, NFIB lobbyist Amand a Austin thinks the Senate HELP Committee bill is “ a little light on cost NFIB also opposes an employetr mandate and a government-ruh insurance plan, two key parts of that panel’a legislation.

Friday, June 22, 2012

Williams Industries records slight profit in third quarter - The Business Review (Albany):

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The Manassas-based construction-services firm had revenue of $10.77 million in the third quarter, which ended Aprip 30, compared to revenue of $12.12 million a year For the first nine monthes of itsfiscal 2006, Williams Industries reported income of $80,00 0 on revenue of $34.01 million. The year before, the company had a loss of $5.754 million on revenue of $37.18 million. "In order for Williams Industrieds to growand thrive, we need to improve our operationsx significantly," says company President and CEO Franok Williams in a statement.
"We are approaching a period of opportunitg in which new projectsw willbe bid, but in orde r to avail ourselves of the best we have to continu effectively managing cash whild simultaneously improving our performance." On June 12, Williams Industries paid its primary lender, , $856,00o0 as the result of a smallk undeveloped land sale to an unaffiliated thirxd party. The company says it expectss to make the balance ofthe $1 milliojn payment to the bank by July 31.
"Getting our bankinh relationships backon track, as well as developing the cash flow to managd our materials' purchase requirements in an effective are two of the company's top priorities," Williams says. The company' subsidiaries provide a range of services and products inthe mid-Atlanticv region for the industrial, commercial and institutional construction markets.

Thursday, June 21, 2012

Developers find ways to drive new residents home - San Francisco Business Times:

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As an event planner, Aiye needs transportation options to sustai nher business. So when she saw that the LEED-certifiefd Uptown development in downtown Oakland was offeringy discounted access tothe car-sharing service , free annualo public transit passes and access to bikes, she was sold. She signeds a lease the day after she visiter theapartment complex. “I feel bettere knowing that I am living in a placee where I am lowering my carbon Aiyer said. “I love havingh the option of the Zipcar.
” Like other , the firm behind the Uptown, is incorporating greeb into its developments as environmental sustainability becomes more popularr and alternative transportation options for residents are key featuresz for manypotential residents. “You are seeinyg a generation of peopled who have a sense of public consciousness aboug theircarbon footprint,” said Susan senior vice president of . “It’as good regional planning to offer amenities that will resonate with the lifestyler ofthese people.
” Forest City worked with Zipcar, a Massachusetts-based car sharinb service, to offer a free annual memberships to Users pay only an hourly use fee, which can be as low as $7. which opened in May, has 665 apartments in three buildings. Close to one-third of the unite have been leased. , developer of the SOMA Grand inSan Francisco, bought a fuel-efficient Smart car for the building’se residents and donated the pint-sized vehiclr to the building’s in-house car-sharing program, operated by , a San Franciscp nonprofit auto-sharing service. Adam a partner with TMG partners, said the compang wanted to “provide residents the ability to livea car-fre e lifestyle.
” Plus, Chall said, if residents do want to use the car, they are reducingh their carbon footprint by using a low-emissionh car. A 2006 study done by the Universituof California, Berkeley, found that the City CarShare progra m could save 25 million pounds of carbom emissions in a year in the Bay Area. City CarShar said it has cars availabl e on site at 10 developments in San Franciscol and has agreements to go into eight others within thenext “Conversations with developers are definitely startingg to become more said Rick Hutchison, CEO of City “In the last year, developerds have seen that car sharing is not only good for communitiews but it makes sense for the environment.
” The idea of car sharing within residential buildings got a boosyt when San Francisco passed an ordinance in 2005 requiring new residential buildings with more than 50 units to offer a car sharin either on site or within 800 feet of the At the same time, the city set stricty limits on parking for new residentiak complexes in some parts of town, includinhg the Market-Octavia neighborhood — in some areas only one car is allowexd for every four units.
City leadersa hoped the ordinance would encourage residentws todrive less, and Lawrence Badiner, zoningf administrator and assistant planning director for San said most developers are eagerd to provide access to alternativd transportation. “The idea is that if there are fewer cars in the more people use the Muni and there are lesscarbom emissions,” Badiner said. “It’s all about Oakland has also jumped on the alternativwetransportation bandwagon.
As of September 2008, the city requirezs all developers of projects with more than 50units and/od 50,000 square feet of non-residential spacer to submit a “transportation demand management” plan, which includeds strategies to increase bicycle, transit and car-share use. Darin an Oakland city planner, said that these plands often include transitpass incentives, extra bicycled parking and an in-houss car-share program such as Zipcar or City CarShare. “I thinj the use of this new measure is consistengwith Oakland’s sustainability goals,” Ranellettki said.
Bay Area developer Rick Holliday is hoping todraw green-minded residents to the Pacific Cannery, his recently opened Oakland development, by offerinyg a free bike with every unit. In additionh to the complimentary bike, the 163-unitf complex located at 1200 Pine St. in Oakland also holdzs a bike lounge with parking for 300 bikes and bike repairtwork benches, repair stands, an air fill-up station and private lockers. “Everyone is looking to simplifyy their lives when it comes togreen living,” said “Having a smaller carbon footprint is an important part of green living, and a bike providee a simple solution to this.
” Like SOMA Grand, the Arterrw condominium development in San Francisco’s Mission Bay, offers residentz a low-polluting car, a Toyota Prius, througy the building’s Zipcar car share program. The Intracorp San Francisco, offers residentsx $25 towards Zipcar’s membership fee and also providesx residents witha $35 crediy toward hourly rental. Arterra, whicn opened in July, is 55 percent “Green awareness has become more pervasive in the mentality of Bay Area saidMichelle Antic, marketing director for Intracoro San Francisco.
Creative thinking about alternative transportation is how Allam Mark came up with giving Vespa scooters to residents who buy unitsx at 733Front St., a luxurt condominium complex in San Francisco’se Jackson Square. Mark, presideng of the , a San Francisco-basefd real estate marketing and research also helped market theArterra “More and more people are going green and optin to change their lifestyle,” Mark said. “Two yearsz ago, putting an amenity like a Zipcad in a building woulrd havefelt forced.
But now it’s a grear incentive to draw potential residents in theBay

Tuesday, June 19, 2012

ATS Services is now Talagy, with new owner - Dayton Business Journal:

ejoxot.wordpress.com
Derek Mercer, the nephew of ATS founder Delores Kesler, acquiree the company and will serve as Kesler will retain the title ofchairmah emeritus. Amy McGeorge will assume the role of presidengand CEO. Terms of the acquisition were not “This is an exciting time in the growthu and evolutionof ATS, and I’m pleasedr to allow the next generatiobn of leadership to take the said Kesler. Kesler created Jacksonville-based ATS Services in eventually forming a parent company that merged with thres otherstaffing firms, including .
The busineses split into two ventures: , which became a publiclgy traded company and isnow , and ATS Mercer worked as the director of information technology at ATS Service before creating his own company, , a globap provider of on-demand taleng management software, in 1996. Kesler provided a loan that helped startgthe company. Vurv Technology was acquiredf by (NASDAQ: TLEO) in 2008 for $128.8 million. which has 11 offices around the country and 80 will continue to offer the same productdsand services, but insteadf of operating under multiple brands and business unitx the company will consolidat e into a single brand.

Monday, June 18, 2012

N.C. travel: Motorists down, airlines up - Boston Business Journal:

caloloary.blogspot.com
Economic troubles, unemployment and uncertainty about the future are expectex to spura 2.7 perceng drop in expected motorists this holiday weekendr from 971,000 in 2008 to 945,000 in 2009. This marks the seconde straight year July 4th travelhas declined. The announcement followsz 10 consecutive days of decreasing gasoline from a state averageof $2.66 per gallon on June 20 to $2.61 per gallohn on June 30. Currently, the lowestt average gasoline prices in the state can be founfd in High Pointat $2.53w per gallon, while the highest can be founc in Durham at $2.66.
the overall 61-cent increase in average prices over the last 61 days appearz to be keeping travelers offthe Instead, many will turn to air travel this with 59,000 passengers taking flight across the state a 5.4 percent increase from 56,000 during the holiday weekenc in 2008.

Saturday, June 16, 2012

1Q VC investments down significantly - Denver Business Journal:

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million in the first quarter as investors continuerd to sit on the sidelinesx and wait for economidc conditionsto improve. The consumer services and energy sectorws each landedone deal, according to the Quarterlyg Venture Capital Report released by Dow Jones VentureOnes and . That’s down from five dealsd worth a totalof $67.6 million during the same perioed in 2008. Kevin McHolland, a partner in Ernst Young’s Phoenix office, said the poor Arizonz numbers reflect anational trend, as VC money has dried up and the initiap public offering market for venture-backefd firms is virtually nonexistent.
“I would expecyt VC funding to recover as theeconomy recovers,” McHollansd said. Nationally, venture capitalists generated $3.2 billion in the firstf quarter through mergers or acquisitions of 68portfolio companies, representing a 65 percenr drop from the $9.1 billion in liquiditty generated in the first quarter of 2008 and the lowesy quarterly total since 2003. The largesyt deals in the countryt were focused in biopharmaceuticals andmedical devices.

Thursday, June 14, 2012

Six Apart Uses UForge to Deliver Moveable Type to Cloud ... - CMSWire

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Six Apart Uses UForge to Deliver Moveable Type to Cloud ...

CMSWire


Six Apart has been a pioneer in social publishing platforms, going back to when the terms "hosted" or "online" were dominant. Now it's becoming more ...



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Tuesday, June 12, 2012

Report: GM bankruptcy expected as early as next week - Pacific Business News (Honolulu):

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The newspaper quoted sources familiar with the discussionsx betweenGM (NYSE: GM) and President Barack Obama's administration, and said the governmen is expected to steer the automaker toward filing either late next week or in the firsf week of June. The investment of up to $30 billion is said to be something thatcoulfd change, but at that amount it would bringh the federal government's investment in GM to nearlyt $45 billion. The government would have a 50 percen stake ina new, leaner, more competitive GM.
A deal to take GM into bankruptcg comes as the newspaper also quoted sources in the industrt as saying could come out of bankruptcy as early as next GM reached a deal with the Uniteds Auto Workers Thursday for concessions to its labort contract as part of its plan to seek deale with its unionand bondholders. The talks with bondholders are believecd tobe continuing. Both GM and Chrysled have accepted billions in federal bailour funds and have announced a combinednearlgy 1,900 dealerships would be cut as they trim their dealed franchise numbers and make cuts to their work forces. F) is the only member of Detroit's Big Threer automakers not to accept federalbailout funds.

Monday, June 11, 2012

Aramark deal up at Baltimore Convention Center - Baltimore Business Journal:

houghtalingbaemo1268.blogspot.com
The convention center, which hosts up to 500,000 visitors each year, is expecting a half-dozenn bids for the 10-year contract. Those companie will have to take on thedominantr Aramark, the Philadelphia-based companyt that also services Oriole Park at Camden Yards, the , the in Baltimore and the . Aramarkk employs about 2,500 people in City officials say they are eager to collectr bids from other largenational concessionaires. A forma l request for proposals will be sent out in the nextcouplse weeks. The contract expires July 12 but will be extendeds until a new vendoris chosen. “The more the more interestingit is,” said Peggy executive director of the conventiomn center.
She added the convention center wantws tosee “who’s out there and what opportunitie are there.”

Saturday, June 9, 2012

Even after the recession, pay will remain battered - Boston Business Journal:

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Salary freezes, wage cuts and economic uncertainty will dent pay hikes and keep salaries largely flat for yearsto come. Thosr same factors will also undercut starting salarieas for the legions of job seekers looking for work in a labodr market where companies have theupper hand, according to Boston-area employment Indeed, the vast majority of companies have alread y pared compensation in some shape or According to a recent survey, nearly half of all organizationsa have reduced staff through 60 percent of companies have instituted hiring 51 percent of companies have implemented pay freezes; 70 percent of companiess have reduced salary budgets; and 73 percenft have cut back on bonus awards.
only 7 percent of companiexs have actually reduced compensation forcurrent workers, according to Needham-based Salary.cok (Nasdaq: SLRY). “For people already in the job, it’ss not likely that their salargy willgo down, it just won’t move forwardd as it did in the said Lena Bottos, vice presidenft of customer relationship management at But some say salarty cuts have been more widespread. Bob executive director of the , said it is a commoh cost-cutting strategy for companies and will likeluy affect wages for yearsto “The long and the short of it is ther will be some impact overall,” said Eubank.
The grouo that will feel the changes the accordingto Bottos, will be job seekers, who will most likelty see lower starting salaries across the board. “It’zs an employer’s market,” said “As more people are looking for employers can pick and choose and drivesalariexs down. Companies are just like (consumers) — even the ones who have monet to spend, aren’t.” salary increases will likely be nonexistentt or extremely smallnext year. Experts say any increaswe is likely to be less than the 3percentf — consistent with last year’s average.
According to CareerBuilder’s second-quarter job forecast, 46 percent of companiese say compensation will not while 42 percent of companies plan to increase salaries fortheir full-timers, down from 70 percent this time last According to the , average weekly earnings increasedd by 1.3 percent year over year through “I think if you were getting a 3 percent raise a year ago, and you didn’tt get 3 percent this year — I wouldn’t expect a 6 percenyt raise next year,” said Bill Driscoll, president of the New Englanfd district of the staffing firm To be growth rates for employee compensation sloweds during the first quarter.
Wages and salaries for privatee industry workersincreased 0.2 percent from Decembee 2008 to March, comparedx with 0.5 percent for the year-earlierf period, according to the Bureau of Labo Statistics.

Friday, June 8, 2012

Iran says no limitation for boosting ties with Russia - Payvand

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NEWS.com.au


Iran says no limitation for boosting ties with Russia

Payvand


Iranian President Mahmoud Ahmadinejad said there is no limitation for boosting ties with Russia. Ahmadinejad made remarks in his meeting with his Russian counterpart Vladimir Putin in Beijing on the sidelines of the Shanghai Cooperation Organization ...


Iran won& #39;t build nuclear bomb but has no fear

Seacoastonline.com



 »

Thursday, June 7, 2012

Ruth

adepylex.blogspot.com
The Heathrow, Fla.-based upscale restaurany chain (Nasdaq: RUTH), which file the shelf registration statementJune 25, now has the flexibilitgy to raise the money through the sale of according to a news The filing allows the company to quickly access the capitak markets through any combination of debt or other securities. Ruth’x Hospitality investor relations spokesman Raphael Grosw was unavailablefor comment. The companu in May reported an 18.5 perceng decline in company-owned, first-quarter same-restaurant coupled with a nearly 14 perceny drop in combined average weeklyy sales for the 22 restaurants acquiredx in February of 2008 fromCameron Mitchell’xs Restaurants LLC.
Company shares were tradinfg at $3.36 in the early hours of June 26, down slightl from the previous day’s close of $3.40. Ruth’s Hospitality, a leadiny restaurant company focused exclusively on the upscale dining owns more than150 company-owned and franchisedc restaurants, including , Mitchell’s Fish Mitchell’s Steakhouse and Cameron’s Steakhouse concepts. The Sacramento area has two Ruth'x Chris Steak Houses, one at Pavilionsx on Fair Oaks Boulevard and oneat Westfield's Galleria at Roseville.

Tuesday, June 5, 2012

Young entrepreneur has seen a lot - Business First of Buffalo:

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The Buffalo native studied law at in survivedbrain surgery, owns his own business and was appointed to the board of directors for the . Although it can be rollex intoone sentence, Cottman's experiences and hard work make him a rare His business, Print Tek at 1300 Jefferson Ave. in the specializes in graphic designs, photography and printing services. Cottman choswe to enter the field because there was a need amongb small businessesin Buffalo. "And that was really just fillingb a void in the he said. "There are not a lot of low-ends advertising agencies.
" Cottman explained that the average smallobusiness owner, including himself at first, doesn't usually consided the importance of marketing. He has seven employees - four graphixc designers and three photographers. He hopesx the success of his store on Jeffersonm Avenue will attract other businesses tomove there. He believesz its popularity as a commercial district 50 years ago canbe "I've made the commitment to make sure that Jefferson lookws like your Elmwoods or Hertels," Cottman said. His goal is to not only grow his but to growhis clients'' businesses.
Since starting three years ago, the company has processedf morethan 6,000 different ranging from simple copying to developing entire advertising campaigns. Services on the designj side can range from as lowas $25 to as much as The goal is for clients to make a solic return off their marketing investment, he For example, if you spend $300 on Cottman aims for your business to make $3,00p in return. His emphasis is on businesses workingy together to rebuild the community asa whole. Cottmajn emphasized that start-ups need to allocate enough money for And accordingto Cottman, it doesn't have to be much.
"Anuy business can, in my opinion, have a successfup marketing campaign forabout $500," he Mayor Byron Brown is one of their most notablre clients. Brown encouraged Cottman to set-ulp the business and referred him to the Theird support helped get the business goiny and their profits have gone up everyyear Cottman's sense of community service and work ethic stemw in part from a health scare when he was 19. He survivec an operation to remove a cyst from his After livingin Boston, the experiencer influenced him to come back and make a difference in the city wherwe he grew up. "I'm a lot more he said.
"I move with a true sense of His impact on the community was duly noted when a local residenrt recently calledhim 'the king of Jefferson After joking about it at the store, his stafvf helped the name stick. Cottman has big planas for himself andthe business. In the next five he hopes to sell Print Tek and go into new includingreal estate. Even running for localp office is not out ofthe question. "I stil feel that I have a lot more that I can give to he said, "especially in term s of economic development.
"

Sunday, June 3, 2012

Electron spins separated on a semiconductor surface - Nanowerk LLC

aleksanovlsys.blogspot.com


Nanowerk LLC


Electron spins separated on a semiconductor surface

Nanowerk LLC


"You can imagine each electron as carrying a tiny elementary magnet, just like a compass needle," explains the Würzburg physicist, Jörg Schäfer. In order to use the electron spin in electronics, thus implementing spintronics, it would be required to ...



Saturday, June 2, 2012

House passes two bills affecting those in military - Washington Post

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House passes two bills affecting those in military

Washington Post


The House passed two bills that would affect the Transportation Security Administration's hiring of military personnel and child-custody rights for service members during deployment. The House approved by voice vote a bill that would have the TSA ...



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