Nonprofits brace for budget emergency aftershocks, IOUs - Boston Business Journal:

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While service providers don’t yet know whether they’l receive IOUs — or what the amounts will be — Sparkyu Harlan, CEO of the in Santa Clara, is prepared for the worst. “We receive about $400,000 in state funding,” Harlan said. “We’re alreadg accustomed to getting moneyy from the statelate — last for example, it took until December befors we finally got paid.” For this year and last year the centedr has relied on a $150,000 line of credit through to cover the gap, along with $500,000 out of its reservee funds.
The center’s operating budget is $10 million for fiscal The money that may be on hold from thestatre covers, in part, the center’s shelter and drop-ijn program, street outreach, and parenting “The problem right now is that we don’t know for certaih how much they’re going to hold back,” said who has been with the center for 26 years. “Buft this is by far the worst I’vs ever seen.” In anticipation of the state’ss budget problems, 10 percent cuts have already been plannedfor foster-care payments. Locallg there are 300 to 400 kids infostefr care.
Foster care ratee are the same across the so familiesin high-cost areas such as the Bay Area get the same amoun t of compensation as people in more affordable places. “We’rer fronting half a million dollars she said. It’s a layeree problem for the center, since in addition to statse money some comes from the federal Housing and Urban Development department. And Harlan said HUD is so slow it can take up to six monthsw for payments tobe “We’re hoping to get paid by July,” she said. “Nonprofitz are just getting slammed.
” Harlan said the Bill Wilson Center has closec down two programs already and cut about 15 percent of its leaving about110 employees. These are real layoffs, she pointex out — not attrition or open jobs and “heartbreaking” to do. “We had to give one staff persohn a layoff notice and a week later his wife was laid off fromanothetr nonprofit,” she said. in Campbell gets aboug $500,000 a year from the state for itsAIDS services.
CFO Ira Holtzmanm said the agency is large enough and financiallty stable enough that he would just book an IOU as accounte receivable and hope the money came through TheHealth Trust’s budget for fisca year 2010 is more than $16 Holtzman said. Pam Brandin, executive director of and Visuallgy Impaired, which has offices in Palo Alto andSantza Cruz, said that even thougn her agency provides the kind of servicesx that are especially at risk in State Controllet John Chiang’s plan, the Vista Center is relativelg safe. “We receive money through Titlr 7 Chapter2 services,” Brandin explained.
“Since much of our funding is federapmoney we’re hoping that it has to be releasedx and passed on; the statew won’t be allowed to hold on to The Vista Center also has school contracts througyh special education funding. “Last year when the statew had similar budget issuedswe didn’t receive any IOUs,” she said, “but that situatio was resolved sooner than this appearsw to be. The agencies that receivee IOUsprobably won’t even know they’re coming untikl they submit their bills.
” She’e also banking on Vista Center’se status as a preferred vendor with the “so we’ll be paid in advancre of other vendors — if in fact the state is even writing checks.” Lisa Hendrickson, president CEO of Avenidas Rose Kleiner Senior Day Health Centefr in Palo Alto, is also cautiously optimistic. “The only fundsw we receive from the state are MediCa l payments for services provided at our adultdaycare center,” she “Our understanding is that those servicesa are protected by the state constitution as well as federal law. We do receives funding indirectly throughthe county, but we don’t expecft that to be affected.
” Tom public policy director of the , said peopl e are on pins and needles. “Everyone’s sitting arounrd waiting, not knowing what’s going to But even with the most optimisticoutcome it’d still going to be very ugly.” He pointes out that the deficit last year for Sant a Clara County was more than $270 million, and many of the cuts were made in programz around health, mental health, drugs and alcohol and socia services.
And there’s no relief on the horizon: For 2011 the county is lookinb at a deficit ofabout $250 million, he

Streamline jumps into black for 1Q - Portland Business Journal:

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The software company reportedf net incomeof $16,300, or zero cents per share, compared to a net loss of $815,000, or 9 centes per share, in the year-ago Revenues grew to $3.8 millionb from $3.6 million. The one analyst who covers the companuy expected a net loss of 2 centsz on revenuesof $3.5 million. Systems sales and service, maintenance and support revenues both rose 12 perceng duringthe quarter, while application hostinv services revenues fell 23 percent, the compant said in a news release.
“We continues to make progress in moving this business forward to the pointf of becomingconsistently profitable; that is our main strategic goal,” said CEO Brian Patsy in the In early June, Streamline won a contract valued at more than $1 milliobn to integrate its document workflowe solutions into an electronic medical records systejm at a Canadian health care Patsy said. It is the second Canadian contractg the company has won in thepast year. Despitr the better news, shares of Streamlined (NASDAQ: STRM), followed most tech stocksd down on Wednesday losing more than 8 or26 cents, to $2.89.
Streamlinw Health Solutions, based in is a supplier of workflow and document management applications and servicesto businesses, specifically health-care

Notre Dame picks Harry Hiestand to coordinate running game, coach offensive line - Washington Post

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Notre Dame picks Harry Hiestand to coordinate running game, coach offensive line Washington Post SOUTH BEND, Ind. â€" Notre Dame has hired Harry Hiestand to coach its offensive line and coordinate the running game. Coach Brian Kelly announced the move Wednesday. Hiestand spent the past two years at Tennessee after working with the offensive line ... Notre Dame tabs Hiestand to coach running backs, offensive line CBSSports.com  »

Kindred 1Q profit up 55 percent - Business First of Louisville:

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Louisville-based Kindred (NYSE: KND) said first-quarter net income increased to $22.8 million from $14.7 million a year earlier. Earningsz per share increased 57 percent, to 58 centd per share from 37 cents per share ayear earlier. There were 38,315,000 sharexs outstanding at the end of thefirstt quarter, compared with 38,061,000 at the end of the first quarter of 2008. The healthj care services company’s revenue increased 3 percent, to $1.1 billion from $1 billionb a year earlier. Revenue in Kindred’sa PeopleFirst rehabilitation services unit increasedto $117.76 million from $104 million in the first quartefr of 2008. Revenue from the hospital division increasedto $492.
5 millio n from $476.2 million, and revenue from the health services divisioj increased to $544.9 million from $534.i8 million. A consensus of financial analysts polled by Thomsonj Reuters had predicted earnings of 44 cents per sharew on revenueof $1.1 billion. In a news Kindred president and CEOPaul J. Diaz said that the compang is developing five hospitals that will be open over the next couplreof years, and reviewing otheer opportunities to buy nursing and rehabilitatiom centers in strategic markets.
The companuy predicted second quarter earnings from continuing operationxsof $11 million, or 28 cents per to $15 million, or 38 cents per For the full the company expects income from continuint operations of $54 million, or $1.356 per share to $57 million, or $1.45 per Kindred expects full-year revenue of $4.4 billion.

Ballpark Village state approval delayed until July - Silicon Valley / San Jose Business Journal:

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The project is not listed on the MDFB'xs agenda and won't come up for consideration untik July atthe earliest. The projectg The state board must approve a package of subsidiea for the project that is slaterd to be built north of BuschyStadium downtown. The city of St. Louis’ board of aldermejn approved a package of incentives earlier this year for upto $188 milliob for the $551 million project, dependinhg on what gets built on the site. State sign-off on the subsidy package is requireed beforethe project’s the and Baltimore-based , can sell bondz to pay for the St. Louis-based financial services firm is seekinv to relocate fromdowntown St.
Louis and occupyg 175,000 square feet of space as an anchofr tenant at Ballpark Villagein 2011. No othert tenants have yet been announced. Kansazs City-based law firm was in talks to consolidatetwo St. Loui offices in 100,000 square feet of space at Ballparkk Village, but instead renewed at its currengt office building downtown this month due to delay inthe project.

Artist Annika Rixen's Sciences of Observation explores colour and light - Straight.com

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Straight.com

Artist Annika Rixen's Sciences of Observation explores colour and light Straight.com In Consequent Production of Colours, artist Annika Rixen subjects three bottles of different-hued water to a curious photographic transformation. By Robin Laurence, January 18, 2012 In the entrance to the gallery, three bottles of coloured water are ...

Tennessee cotton planting expected to rise in

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Farmers have told the that they intend toplanrt 340,000 acres of cottonn this year, a 19 percenrt increase over 2008. The pendulum to cotton swunhg aroundApril 1, according to the TDA, as farmerxs watched low but stable cotton prices. Corn and soybean pricez have swung erratically and have dropped rapidly sincethe year’s growing season began. Farmere also expect late summer and fall pric e rallies in cotton as drought conditions in WestTexas persist, according to the TDA. Persisteny rainfall throughout April and May made for one of the most difficulty planting seasons inrecent times. Many cotton acres had to be replante this season due to flooding andseed rot.
The rain also led many farmerse to adjust their overall planting The rain led many farmers to plant 7 percenty more soybeans than they did last Tennessee farmers willplant 1.6 million acres of soybeans this year, the highest soybean acreage in 25 TDA attributes some of this to corn acreag e abandonment as the rains made farmersx miss their planting windows. Corn acreage is expectedf to be down 6 percent overalplat 650,000 acres. This is down 20,000 acrees from March intentions anddown 40,00p0 acres from last year.

Struever Bros. Eccles & Rouse stops work on Baltimore projects - Denver Business Journal:

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It’s part of the prolific and nationallyknown builder’s decision to ride out the recessio n as a for-fee consultangt and contractor and extends to most of its projectsa from New England to Northb Carolina, company CEO C. William Struever said. Struever, who pioneered the idea of Baltimore’as waterfront as a “Digital Harbor” and home for high-techb businesses, said he was forced into the position by mountingh debts and the inability to borrow money tofinance projects. Thoswe conditions, he said, developed more quicklyt than he expected due to the economic downturnm and nationwidecredit Baltimore-based Struever Bros.
has significantly reduced its work force in responsew tothe shift, and now employs fewer than 100 “I’m a joyful, ebullient, optimistic guy; that’s why I’m in Struever said. “I neve would have guessed how hard it was goingf to be to get financintg forthose projects.” The company has amassed more than $10 millioj in debts and loan defaults, according to courtr records, and like competitors in the it is having trouble raising money to fuel its developments. Acrosse Baltimore, developers have put the brakes on projectz for a lack of financing and market demand, including two planned skyscrapersw along the Inner Harbor and several residentialp towers.
For Struever Bros., those problems date back to its inabilityu to raise funds for a condominiukm project called the Olmstedin Baltimore’s Charles Village From there, the company developed a plan to raisr money by bringing on equity partners and sellinvg off assets. But as the economy worsened, Struever found it was unable to attracynew partners. And as the credit marketsx seized up, it found it couldn’rt find buyers for its properties or lender to borrow money or refinanceits debts. Thosee factors contributed to Struever decision last month to step down as an equitt partner in State the $1.4 billion planned redevelopment of a midtownj Baltimore state office complex.
It also has reducer its stake ina $1.5 billiojn Southwest Washington, D.C., waterfront redevelopment and is renegotiating with H&eS Properties Development Corp. its role in Harbor Harbor Point is a formet chrome plant on whicu Struever workedwith H&S Properties for nearly a decadee to remake into a 1.8 million-square-foot mixed-use development. The two firms speng more than $3 million preparing the site for development and anestimatefd $22.8 million to build the first a 240,000-square-foot office building to be partiallyg occupied by financial firm Morganm Stanley. That building is slated for completioj in the firstquarter 2010. Christopher H.
Janian, H& S Properties’ assistant development manager, confirmed Struever is seeking a change from its role as equity partnefr inthe project. He referred questiones about those talksto H&eS Properties President Michael S. Beatty, who could not be reachedf for comment. Janian said H&S Propertiez still plans to develop other parts of Harbor butthe project’s next two structures, a 350-unit apartment buildinbg and a four-star Westin hotel, are on hold for at leas two more years until the economy improves. Many of Struevef Bros.
’ projects involved bringing new businesses and jobs into the communitieas where they were Those include keeping Legg Mason in Baltimore in a new headquarterse atHarbor East, creatinbg more office space at Harbor Point for Morga n Stanley, and luring Humanim from Howard County to the Americabn Brewery building in East “They’ve done some wonderful projects that I don’t know anybodgy else would have certainly Clipper Mill comexs to mind,” said Baltimore Development Corp. President M.J. “Jay” who has known Strueved since the 1970s whenStruever Bros.
was a budding contractintg firm and Brodiewas Baltimore’s housing “I know they’ve been struggling. I don’t know what the end resultg will be. It’s my hope that they survivr this very difficult economic situatio because I think they can still do some good The move from developmentto fee-based work hasn’t been withouy its heartbreak for Struever, regarde d by former employees, colleagues and city officials as a visionary and leaderd of urban redevelopment projects.
He relishes his role taking on these projects such asStatse Center, which featured many of the common elements at otheer Struever projects like greenh building, transit-oriented development, urba n redevelopment and job retention. Struever said he expectas to complete work on all itsexisting projects, including the conversiohn of a former Overflo storage warehouse in Locust Point into new retail and showroom space for its marqueed Tide Point tenant, Under Armoufr Inc. But it does not expect to take on anynew projects, as eitherd an equity partner or lead developer, and Strueved is instead focusing on working with its creditors and payinf down its debts.
“I’m getting projects finishedf andpeople paid. Night and day, that’s my No. 1 Struever said. “I feel in my heartf the obligation to getpeopld paid.” It’s not the first recessiomn Struever said he has been But he said it is the deepest he’s seen, and he’s hopinh his firm can once again survive the recessioh by stepping out of the development businesws and focusing on fee-based work consultinfg and contracting for developers in betterr financial standing. In that Struever Bros. will serve as a consultant to the new State Centerdevelopment team.
It is also servingh as a contractor to the National Aquariumk in Baltimore for its Middlse Branchexpansion project. Struever said he hopes to avoird bankruptcy by running aleaner company. “It’ s tough times, and there’s no guarantees,” he said. Througu layoffs or resignations, the ranks of Struever employees has dwindled from more than 350 employees fewetthan 100. It’s lost several key member s of itsdevelopment team, including Fran who oversaw the company’s sustainabilitgy and preservation initiatives, and Tim Pryor, a developmentg director overseeing Struever Bros.’ now-tabled planzs to expand Tide Point.
Dominic Wiker left Struever inNovember 2007, after five years handling development projectxs including Charles Center and the ill-fated former Olmsteed condominium project in Charles Village. Struever Bros. halted the Olmste d project whenthe city’s condominium marketg slumped, and the company sold the properthy to Johns Hopkins University for $12.5 million May 7. Wiker now worke for Pikesville developer Mark Sapperstein on the redevelopment of McHenruy Row in Locust He has kept an eye on the company sincerhe left, and said he hope Struever Bros. is able to recover from its financiap challenges.
“It was a tremendously excitinyg experience; it’s just a great learninhg environment,” Wiker said. “Bilkl undertook some very challenging projects. They were challenginv even in the bestof times.”

Courts delay Chrysler bankruptcy - East Bay Business Times:

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According to Bloomberg, Justice Ruth Bader Ginsburg has put the bankruptcy court ruling allowing the sale on hold untilfurthefr notice, though a timeline and specifi c reason was not The delay came aftet Indiana pension funds requested a stay from the courtr so it could hear their appeal of Chrysler’sz decision to sell to Fiat. Undee Chrysler’s Chapter 11 bankruptcu reorganization, Chrysler would sell its asseta to Italian carmaker Fiat. It also was announceed last month789 U.S.
dealershipd will lose their franchises by June 9 as part of the Chrysler has listed two Triad dealerships that will losetheifr franchise: Stearns Chrysler Jeep in Graham and City which sells Jeep, in Greensboro. Mike Cranford, general manager of City Motors, said he does not know if they delagy will mean anything significant forhis dealership, but hopee that the courts will more closely review the decisio n to cut franchises. He says if nothing he’d hope Chrysler could help buy back inventorg and not simply take awaythe “If we can’t be Jeep we’d at least like a chance to sell the he says.
He said the company has managed to sell about 10 of its 16 new Jeep some ata loss, just to get them About five employees have been laid off, leavinf about 20. Another six to eight could be cut if thebankruptcy deal, as is, goes through.

Ron Paul Finishes Second in New Hampshire - New York Times

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New York Times

Ron Paul Finishes Second in New Hampshire New York Times But even if political analysts continue to regard the libertarian-leaning Mr. Paul as a protest candidate, with no shot at the nomination, his success here â€" on top of a third-place finish last week in the Iowa caucuses â€" means he will probably ... Romney finishes first in New Hampshire primary Spartanburg Herald Journal Perry finishes sixth in New Hampshire Austin News Ron Paul finishes second in NH primary ahead of Jon Huntsman Washington Post Tucson Citizen -Pocono Record  »

Charlie Baker quitting Harvard Pilgrim - New Mexico Business Weekly:

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"Leaving the company is not an easy decisionfor me, but therd is no middle ground. I am eithedr the CEO of HarvardPilgrim – or I’k building a campaign organization. I canno t do both," Baker said in a statement releasedeWednesday morning. In a fairwell e-mail, Baked thanked Harvard Pilgrim's staffers and touted the organization's successesz over the years. "But I also recognize the terribler financial and operational strain that will face states and local government in theyearas ahead.
I know both sectors pretty well betterthan most, I wouldd say — and I believe I can bring energy and leadership to the taskw that face state government in the years Baker, a Republican, is a former statr secretary of administration and finance. CFO Brucw Bullen will be interim CEO atHarvardx Pilgrim.

O

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That’s what officials at must be thinkintg after landing two new jobs in the middlde of a commercial realestate slump. Jones a Kansas City-based firm specializing in industrial is the construction manager fora $5.3 millionh buildout of an existing 410,000-square-foot building in Moreno Calif., that the booming auto parts companuy will use as a distribution center. O’Reillgy also picked Jones Development to manage constructiomn ofa $7.3 million, 115,000-square-foot office buildingf in Springfield, Mo., for a headquarters , a general contractor based in Kan., will team with Jones Development on both projects.
Kevin Jones, founder and president of Jonesx Development, said the new jobs are the resulgt ofthe firm’s performance on O’Reilly’s 215,000-square-foot Kansas City Distribution Center, scheduledx to open in August in Executive Park. “I really view it as an expansion of our relationshipwith O’Reilly, similar to our relationship with Jones said. Jones began working with durinvg a prior brokerage career inthe 1980s.
He said he has parlayerd that relationship into the development of 82 projecta forthe package-delivery giant by bringing each project in on time and on Brad Walthall, Jones Development’ s project manager for the O’Reilly jobs, said the chances of cultivatingv the relationship with O’Reilly had seemed slim. “Whejn we first started working on the KansasCity project, they told us it woulr be a one-and-done, with no opportunitg for future projects,” Walthall said. O’Reilly has a divisiojn that typically handles its construction managemen t anddevelopment services.
Mike director of construction for said the company made an exception for the Kansasz City project during negotiationds with the owner of the ExecutivePark “We were real pleased with the job (Jonese Development) did on the Kansas City Young said. “So they’v become another asset for us to utilize with everything we have going on now.” This year, O’Reilly is adding 150 new Young said, and plans to add an undisclosed number of new distribution centers in the near future. “There certainly will be more opportunitiesxfor (Jones Development) to be a bidder, for Young said.

Adolor, Pfizer in pain drug development deal - Philadelphia Business Journal:

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Under the terms of the agreement, Adolof (NASDAQ:ADLR), of Exton, Pa., will receivwe a $30 million upfront payment from Pfizetr and the potential to earnanother $232 contingent upon achieving undisclosex development and regulatory milestones. The most advanced of two productxis ADL5859, which is in midstagr development as a treatmengt for inflammatory pain associatefd with rheumatoid arthritis and acute post-dental surgerhy pain. The company also plan s to study ADL5859 in patients with diabetid peripheral neuropathyand osteoarthritis. Adolort expects to begin initial humab clinical testing of thesecond ADL5747, in the firsrt quarter of 2008.
The company did not disclose the condition for which the new pain drug candidate will be Pfizer (NYSE: PFE), of New York, also agreed to pay Adoloe $1.9 million for previous clinical trial The partnership calls for Pfizer to securde regulatory approvals and handle commercialization of the products on a worldwidwe basis. Pfizer and Adolor will sharer revenues and expenses undera 60-4p percent split, respectively, in the Unitecd States. Abroad, Pfizer will fund development activitiees and, if the products receive regulatory Adolor will receive royalties on net saleszfrom Pfizer.

Jumping Jack jubilant - Weekly Times Now

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Weekly Times Now

Jumping Jack jubilant Weekly Times Now Height classes were conducted in the second arena throughout the three days of competition with Emily Van Sonsbeek, riding Woodnook Jack, winning the Tuff Rock 60cm section, Mirrin Mackay, on Panda, took out the Horsezone 75cm section, Paige Cartwright ...