Govt turns attention to acid mine drainage Mail & Guardian Online The department of water affairs will tell Cabinet in mid-December how it plans to resolve the acid mine drainage threat and how much this will cost, ... |
Sunday, October 31, 2010
Govt turns attention to acid mine drainage - Mail & Guardian Online
http://www.virtualworlds2008.com/speakers/andreaslober.html
Saturday, October 30, 2010
Banking on Business - Tampa Bay Business Journal:
http://keylime.com/post/7mile.html
That's crucial to consider now that credit underwriting istighteninvg up. The days of easy moneg are over, with lenders taking sharo pencils and sharper scrutiny toloan applications. It's important to know what the bankerws arelooking for: The five C's of The five most important components of credit are drummede into bankers from their earliesf classes. Familiarity with these credit criteriaw could help a business better positioj itself to geta loan.
Typically, smallert community banks still underwrite loansunder $250,000, whereas large r banks tend to use automated The difference is that the larger banks usually just tell a customer they can't help them because the automated system rejects them, whilee smaller banks sometimes take the time to explainj to customers what's needed to get that "We try to educate the people on what will make them What community banks do is work in almost a consulting said Bill Martin, chief executivw of .
All bankers interviewed said character is the most important thinhg bankers are looking for ina "There is the fundamental thing to look for, and that is whether the borrower has the ability to repay the loan, but more importanft than that is character," said Dave a local bank consultant. "The charactedr is what it is all especially in thedown times. Who stands up and who walksa away?" Nearly all of what becomre bad loans were made durin g good or boom Alford said. "The real charactert is shown in thetougyh times." "It all starts with If the character doesn't pass, nothing else reallyh matters," said Dave Kaiser, president of in Granite Bay.
If a person has a good credit rating, that's enoughb to get a consumer loan at a competitiveinterestg rate. But the consumer loan doesn't look at thingd like outstanding lawsuits, criminal record or standing inthe community. Businessw loans look at all of that and They look for integrityand "Character isn't in the numbers. It is the Martin said. "Character has to be a If that isn't there, you don't have anything," said Mike regional presidentfor . "Withour character, you can have someonse who has all theother C's but decides not to pay you But character alone won't get anyone a loan.
The businesxs has to have earning potential, collateral and not too much After character, the opinions diverge. Some banka like to see collateral, which is what a borrowe r is willing to put on the line in case theloan can'gt be repaid. Collateral is usually land or a but it could be a planeor equipment. Other bankers prefer to see a stronbg capacity to repaythe loan, the idea being that strong cash flow can take care of a lot of said Greg Patton, president of . "Most people's experiencde with a loan is ahome loan, and that has nothinbg to do with a businessx loan," he said.
"Borrowing for a house is a wildlyu different thing than borrowing for a People come in andsay 'I'm qualified for a $700,0009 mortgage, so I'm good for a $700,00 business loan.' Well, no. You are not," Pattonj said. "I'll give you that loan if you give me a firsty deed of trust on a highly marketablw pieceof collateral. There is a big In a business loan, we are taking all the Bankers are putting federallt insured funds at stake every time they fund a They have to make sure the money will be Patton said.
"At a your profits go to your but your losses come out of your You cannotlose capital," said Bob partner in Greeley, , a distress management companuy in Sacramento. He used to work as a banker, and always stressed to borrowers that the bank neederd to know how it was goingt to get itsmoney back.
That's crucial to consider now that credit underwriting istighteninvg up. The days of easy moneg are over, with lenders taking sharo pencils and sharper scrutiny toloan applications. It's important to know what the bankerws arelooking for: The five C's of The five most important components of credit are drummede into bankers from their earliesf classes. Familiarity with these credit criteriaw could help a business better positioj itself to geta loan.
Typically, smallert community banks still underwrite loansunder $250,000, whereas large r banks tend to use automated The difference is that the larger banks usually just tell a customer they can't help them because the automated system rejects them, whilee smaller banks sometimes take the time to explainj to customers what's needed to get that "We try to educate the people on what will make them What community banks do is work in almost a consulting said Bill Martin, chief executivw of .
All bankers interviewed said character is the most important thinhg bankers are looking for ina "There is the fundamental thing to look for, and that is whether the borrower has the ability to repay the loan, but more importanft than that is character," said Dave a local bank consultant. "The charactedr is what it is all especially in thedown times. Who stands up and who walksa away?" Nearly all of what becomre bad loans were made durin g good or boom Alford said. "The real charactert is shown in thetougyh times." "It all starts with If the character doesn't pass, nothing else reallyh matters," said Dave Kaiser, president of in Granite Bay.
If a person has a good credit rating, that's enoughb to get a consumer loan at a competitiveinterestg rate. But the consumer loan doesn't look at thingd like outstanding lawsuits, criminal record or standing inthe community. Businessw loans look at all of that and They look for integrityand "Character isn't in the numbers. It is the Martin said. "Character has to be a If that isn't there, you don't have anything," said Mike regional presidentfor . "Withour character, you can have someonse who has all theother C's but decides not to pay you But character alone won't get anyone a loan.
The businesxs has to have earning potential, collateral and not too much After character, the opinions diverge. Some banka like to see collateral, which is what a borrowe r is willing to put on the line in case theloan can'gt be repaid. Collateral is usually land or a but it could be a planeor equipment. Other bankers prefer to see a stronbg capacity to repaythe loan, the idea being that strong cash flow can take care of a lot of said Greg Patton, president of . "Most people's experiencde with a loan is ahome loan, and that has nothinbg to do with a businessx loan," he said.
"Borrowing for a house is a wildlyu different thing than borrowing for a People come in andsay 'I'm qualified for a $700,0009 mortgage, so I'm good for a $700,00 business loan.' Well, no. You are not," Pattonj said. "I'll give you that loan if you give me a firsty deed of trust on a highly marketablw pieceof collateral. There is a big In a business loan, we are taking all the Bankers are putting federallt insured funds at stake every time they fund a They have to make sure the money will be Patton said.
"At a your profits go to your but your losses come out of your You cannotlose capital," said Bob partner in Greeley, , a distress management companuy in Sacramento. He used to work as a banker, and always stressed to borrowers that the bank neederd to know how it was goingt to get itsmoney back.
Thursday, October 28, 2010
Feldman sells stake in Colonie Center for $4.1M - Charlotte Business Journal:
ermolayxitpev.blogspot.com
The Long Island company announced Thursday that it has sold its remaininf sharesto , a pension fund adviser in Feldman, which also managed the made $4.1 million from the sale. That means the Heitmajn firm is now the sole owner ofthe 1.2 million-square-foot mall. Heitmajn already had a 75 perceny stake inthe mall, purchase in 2006 for $38 million in At the time, Heitma n also gave Feldman a loan to continue pumping moneu into the mall as Feldman gave the propertg a face-lift and added new stores and In the end, it cost $110 million to renovates Colonie Center to lure chains such as , and a 13-screeh Regal cinema. Feldman paid $82.2 millionm for Colonie Center inFebruary 2005.
Feldman, in a short said the deal to sell its remainint stake in the Colonie mall closed onMay 28. Feldmah says it expects to have a writedown as a resuly ofthe move. The announcement is the latest in a string of bad developmentszfor Feldman. In January, a deal to sell threed malls collapsed. The company has also been hurt by the pushing some major tenants to close and file forbankruptch protection. Feldman had a net loss of $78.9 milliobn during the second quarte rof 2008, its most recent regulatory filing. In that the company had a $15.4 million impairment loss on Colonie The company has said it may have to file for bankruptch ifit can’t refinance its debt.
Last the New York Stock Exchange de-liste Feldman’s stock. Feldman is now trading on the pink sheets/over-the-counted market (OTC: FMLP) at 16 cents a share.
The Long Island company announced Thursday that it has sold its remaininf sharesto , a pension fund adviser in Feldman, which also managed the made $4.1 million from the sale. That means the Heitmajn firm is now the sole owner ofthe 1.2 million-square-foot mall. Heitmajn already had a 75 perceny stake inthe mall, purchase in 2006 for $38 million in At the time, Heitma n also gave Feldman a loan to continue pumping moneu into the mall as Feldman gave the propertg a face-lift and added new stores and In the end, it cost $110 million to renovates Colonie Center to lure chains such as , and a 13-screeh Regal cinema. Feldman paid $82.2 millionm for Colonie Center inFebruary 2005.
Feldman, in a short said the deal to sell its remainint stake in the Colonie mall closed onMay 28. Feldmah says it expects to have a writedown as a resuly ofthe move. The announcement is the latest in a string of bad developmentszfor Feldman. In January, a deal to sell threed malls collapsed. The company has also been hurt by the pushing some major tenants to close and file forbankruptch protection. Feldman had a net loss of $78.9 milliobn during the second quarte rof 2008, its most recent regulatory filing. In that the company had a $15.4 million impairment loss on Colonie The company has said it may have to file for bankruptch ifit can’t refinance its debt.
Last the New York Stock Exchange de-liste Feldman’s stock. Feldman is now trading on the pink sheets/over-the-counted market (OTC: FMLP) at 16 cents a share.
Wednesday, October 27, 2010
NBA TV joins the Comcast Digital Classic party - Triangle Business Journal:
xiwyxucupewox.blogspot.com
The league and Comcast said Thursday that NBA TV will be movinh to Digital Classic beforethe 2009-2010 season. In recent weeks, Comcast has announced that the and the will also move toDigitapl Classic. About two-thirds of Comcast’s 17.3 million digitalp customers getDigital Classic, whichy is one step above Comcast’s base levelo of digital service. The moves to Digital Classic beganb with theNFL Network, which was in a long lega battle with Comcast over its placemeny on Comcast’s Sports Entertainment tier, a package that requiree customers to pay up to $7 a month extrsa and had about 2 million subscribers.
It was announcefd earlier this week that the NHL Networjk would also be added toDigital ’s network, which Philadelphia-based Comcast (NASDAQ:CMCSA, partly owns, had been part of the Digital Classicc lineup since the debuted in The NBA and Comcast describesd their arrangement as “lonfg term” but did not give detailes on its exact length or NBA TV’s programming includes 100 NBA gamess each season, highlights and on-demand Comcast will continue to offer NBA League Pass, which provides 40 NBA game telecastsw per week for an additional cost.
The league and Comcast said Thursday that NBA TV will be movinh to Digital Classic beforethe 2009-2010 season. In recent weeks, Comcast has announced that the and the will also move toDigitapl Classic. About two-thirds of Comcast’s 17.3 million digitalp customers getDigital Classic, whichy is one step above Comcast’s base levelo of digital service. The moves to Digital Classic beganb with theNFL Network, which was in a long lega battle with Comcast over its placemeny on Comcast’s Sports Entertainment tier, a package that requiree customers to pay up to $7 a month extrsa and had about 2 million subscribers.
It was announcefd earlier this week that the NHL Networjk would also be added toDigital ’s network, which Philadelphia-based Comcast (NASDAQ:CMCSA, partly owns, had been part of the Digital Classicc lineup since the debuted in The NBA and Comcast describesd their arrangement as “lonfg term” but did not give detailes on its exact length or NBA TV’s programming includes 100 NBA gamess each season, highlights and on-demand Comcast will continue to offer NBA League Pass, which provides 40 NBA game telecastsw per week for an additional cost.
Tuesday, October 26, 2010
Michael Phelps inks endorsement deal with H2O Audio - Baltimore Business Journal:
http://www.dobryminikatalog.info/moja-depresja/
The Baltimore native has landed his first endorsemenyt since a picture of the Olympic swimmer smoking from a bong appearexd in a British tabloidlast January. The 14-time gold medal winner will endorseSan Diego-bases H2O Audio’s line of waterproof headphones and other Terms of the multi-year partnership were not Phelps’ mug and voice will appear in H20’z marketing campaigns at retailers includinbg (NASDAQ: AAPL) stores, (NYSE: BBY) and TGT). The campaign will launch this summer.
“Ww are a young company of athlete sfor athletes, and our relationship with Michaek will undoubtedly benefit our technology, product performanc e and design,” H20 CEO Kristian Rauhala said in a Phelps, recently coming off a three-month suspensionm by USA Swimming, has sponsorship dealsa with (NYSE: V) and Speedo. He was droppeed by cereal giant Kellogg’s. Phelps also helpe d Arlington, Va.-based language-learning company Rosetta Stone gain cachet from appearinvg in its mall kiosks and television Phelps publicly endorsed the product as the way he woulcd learn Chinese beforelast year’s Beijinv Olympics.
Rosetta Stone (NYSE: RST) recentl raised $113 million in its initial public offering.
The Baltimore native has landed his first endorsemenyt since a picture of the Olympic swimmer smoking from a bong appearexd in a British tabloidlast January. The 14-time gold medal winner will endorseSan Diego-bases H2O Audio’s line of waterproof headphones and other Terms of the multi-year partnership were not Phelps’ mug and voice will appear in H20’z marketing campaigns at retailers includinbg (NASDAQ: AAPL) stores, (NYSE: BBY) and TGT). The campaign will launch this summer.
“Ww are a young company of athlete sfor athletes, and our relationship with Michaek will undoubtedly benefit our technology, product performanc e and design,” H20 CEO Kristian Rauhala said in a Phelps, recently coming off a three-month suspensionm by USA Swimming, has sponsorship dealsa with (NYSE: V) and Speedo. He was droppeed by cereal giant Kellogg’s. Phelps also helpe d Arlington, Va.-based language-learning company Rosetta Stone gain cachet from appearinvg in its mall kiosks and television Phelps publicly endorsed the product as the way he woulcd learn Chinese beforelast year’s Beijinv Olympics.
Rosetta Stone (NYSE: RST) recentl raised $113 million in its initial public offering.
Sunday, October 24, 2010
US Airways asks 400 flight attendants to take furloughs - Phoenix Business Journal:
http://adm-fenetres.com/menuiseries.php?categorie=alu
Three-hundred of the impacted flight attendangt are in Phoenix andLas Vegas, said US Airwayd spokeswoman Valerie Wunder. The otheer 100 will come from the Tempe-basedr airline’s East Coast operations where it has flighft attendants in markets suchas Boston, New York and N.C. US Airways (NYSE:LCC) has more than 6,600 flight Wunder said the Phoenix and Las Vegax furloughs and leave will be from four to 16 months whilew the East Coast terms will bethree months. US Airwaysd cut 1,300 positions in 2008 as it and other airlines reducedd flight schedules and costs in the wake of a pullbacmk in consumer and business travelland record-high fuel prices.
Fuel costx have dropped compared to last butthe U.S. recession continues to bite touris andbusiness travel. Wunder said flight attendants were not part ofthe 1,300-workerd reduction but current demand and flight capacity leavees that work group area overstaffed. US Airwaye has more than 33,000 employees.
Three-hundred of the impacted flight attendangt are in Phoenix andLas Vegas, said US Airwayd spokeswoman Valerie Wunder. The otheer 100 will come from the Tempe-basedr airline’s East Coast operations where it has flighft attendants in markets suchas Boston, New York and N.C. US Airways (NYSE:LCC) has more than 6,600 flight Wunder said the Phoenix and Las Vegax furloughs and leave will be from four to 16 months whilew the East Coast terms will bethree months. US Airwaysd cut 1,300 positions in 2008 as it and other airlines reducedd flight schedules and costs in the wake of a pullbacmk in consumer and business travelland record-high fuel prices.
Fuel costx have dropped compared to last butthe U.S. recession continues to bite touris andbusiness travel. Wunder said flight attendants were not part ofthe 1,300-workerd reduction but current demand and flight capacity leavees that work group area overstaffed. US Airwaye has more than 33,000 employees.
Saturday, October 23, 2010
Survey: Venture capitalists shift strategy, go global - Austin Business Journal:
http://mwfye.org/index.php?option=com_content&view=archive&year=2009&month=07&limitstart=40
More than half of the venture capitalists surveyes in the 2009 Global Venturde Capital Survey conducted by and the said they woulds invest in fewer companies in thenear future, whil 13 percent of the more than 700 worldwide respondentd said they would increase the numbet of companies in which they plan to invest. Despitee sluggish investment, the annual survey captured substantial optimism amongg theinherently risk-taking investors.
“While the recession has slowex the pace of venture investing in theshort term, it may very well have expedites the global evolution of the industrg in the long run,” said Mark Deloitte LLP’s national managing partnerd of venture capital services. “In recent years, many entrepreneurs who have been educater in the United Statess have returned home to start companiea in theirhome countries. The playing field continuexs to level out in terms of new innovationmhot spots, broader access to capital and growing regional ecosystems that fosterf risk taking and capitalo formation.
” And venture capitalists agree that investment are more likely to increase in countriee outside of the U.S. than domesticallg in the next three years. Half of the venture capitalistse surveyed said investment will increases inAsia (excluding India); 43 percent named 36 percent selected Southh America; 25 percent said Europe and the Uniteed Kingdom; and just 17 percenty said investment would increass in North America. Fifty-two percent of all venturee capitalists surveyed said they alreadyu invest outside theirhome countries.
“As the survey resulta suggest, we will see more globalization in thenext decade, not only in termsx of investments but also in fundraising and exitws as well,” said Mark Heesen, president of the NVCA. “Thos e countries that can nurture entrepreneurs and investors as well as offer attractive exit opportunities have the most to gain economically in thenext decade,” he added. Survey respondentss said China stood to benefitt most from shifts in investment caused by theeconomic downturn.
When it comezs to fundraising, the majoritgy of VCs predicted that more of theird limited partners would come from outside theirhome country, and 38 percent said they expected the numbee of foreign limited partners to remain unchanged. Amongy limited partners, venture capitalists if any are likelt to reduce their investments in ventur ecapital funds, those limited partnerx would come from the financiall industry, especially from commercial banks. Other findingas from the survey included another vote of confidence for investmenrt in the cleantech sector.
The survey suggests most venturecapitalists aren’t adjusting theitr strategies when it comes to which industruy they are funding, and clean tech is one of those industries that’s been getting a lot of attention. More than 60 percenrt of the venture capitalists surveyedd said they expect to increase their investmentzs in clean tech in the nextthrere years. Other industry sectors that investors expect to give increase investmenrt to include the medical device and equipment industry and new mediqa andsocial networking.
More than half of the venture capitalists surveyes in the 2009 Global Venturde Capital Survey conducted by and the said they woulds invest in fewer companies in thenear future, whil 13 percent of the more than 700 worldwide respondentd said they would increase the numbet of companies in which they plan to invest. Despitee sluggish investment, the annual survey captured substantial optimism amongg theinherently risk-taking investors.
“While the recession has slowex the pace of venture investing in theshort term, it may very well have expedites the global evolution of the industrg in the long run,” said Mark Deloitte LLP’s national managing partnerd of venture capital services. “In recent years, many entrepreneurs who have been educater in the United Statess have returned home to start companiea in theirhome countries. The playing field continuexs to level out in terms of new innovationmhot spots, broader access to capital and growing regional ecosystems that fosterf risk taking and capitalo formation.
” And venture capitalists agree that investment are more likely to increase in countriee outside of the U.S. than domesticallg in the next three years. Half of the venture capitalistse surveyed said investment will increases inAsia (excluding India); 43 percent named 36 percent selected Southh America; 25 percent said Europe and the Uniteed Kingdom; and just 17 percenty said investment would increass in North America. Fifty-two percent of all venturee capitalists surveyed said they alreadyu invest outside theirhome countries.
“As the survey resulta suggest, we will see more globalization in thenext decade, not only in termsx of investments but also in fundraising and exitws as well,” said Mark Heesen, president of the NVCA. “Thos e countries that can nurture entrepreneurs and investors as well as offer attractive exit opportunities have the most to gain economically in thenext decade,” he added. Survey respondentss said China stood to benefitt most from shifts in investment caused by theeconomic downturn.
When it comezs to fundraising, the majoritgy of VCs predicted that more of theird limited partners would come from outside theirhome country, and 38 percent said they expected the numbee of foreign limited partners to remain unchanged. Amongy limited partners, venture capitalists if any are likelt to reduce their investments in ventur ecapital funds, those limited partnerx would come from the financiall industry, especially from commercial banks. Other findingas from the survey included another vote of confidence for investmenrt in the cleantech sector.
The survey suggests most venturecapitalists aren’t adjusting theitr strategies when it comes to which industruy they are funding, and clean tech is one of those industries that’s been getting a lot of attention. More than 60 percenrt of the venture capitalists surveyedd said they expect to increase their investmentzs in clean tech in the nextthrere years. Other industry sectors that investors expect to give increase investmenrt to include the medical device and equipment industry and new mediqa andsocial networking.
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