http://berg-nordenberg.com/?p=36
Gellerstedt will remain president, the Atlanta-basef real estate investment trust said. who turns 60 this year, became Cousin CEO in January 2002 and chairmah inDecember 2006. Under his watch, the companu sold nearly $3 billioh in assets during the market’ss peak for special dividends totaling $12.62 a share. “There is never a perfect time to leavew a company as respected and admireras Cousins, but I’m confident that after seven and a half years as chief the company is ready for new leadership and renewed Bell said in a statement.
“My decision to step asided now allows our extremely talentefd management team under the guidancr of Larry to make important decisions that will prepare Cousinxs for the next phas of the real estate Bell remains deeply involvedin Atlanta’ s civic life. He has been instrumental in the effort to save fromfinanciap ruin. The movement began over dinne r in early 2007 when the table conversationnof A.D. “Pete” Correll, former CEO of , and Bell turnef to Grady. Through their leadership and donationsfrom , ’ s $5 million, and .
" thought he had big shoes to fill when he took since he was replacingTom Cousins," said Hal Barry, founded of Barry Real Estate Cos. "Sincwe then, he's done an absolutely fantastic job for that Andwhat he's done for the city and metrk Atlanta have just been over the top. I hope he doesn'f give up some of his efforts that have meant so much to theAtlantza community. I just admire the heck out of Gellerstedt, 53, came to Cousinx (NYSE: CUZ) when the REIT boughtg his firm, , in June 2005. Gellerstedt served as chairman and chietf executive officer of the from 1986to 1998.
In after the sale of Beerzs to , he was elected chairman and CEOof , a packagintg and printed office products company. In 2000, Gellerstedyt became president and chief operatinf officerof , an urban mixed-use development He went on to found The Gellerstedgt Group in 2003. In othert company news, Cousins’ boarsd of directors named S. Taylor Glover non-executiv chairman of the board. Glover joinef the Cousins board inFebruary 2005.
He is currentlty the president and chief executive officerof
Monday, September 5, 2011
Saturday, September 3, 2011
Job seekers join the military as last resort - CBS News
iqukikofor.wordpress.com
Job seekers join the military as last resort CBS News Another thing, we are depending on a volunteer enlistment to maintain our troop strength. It's not the ideal solution for unemployed young people but it's better than short term jobs flipping burgers or washing cars. by joe1022joe September 3, ... |
Wednesday, August 31, 2011
Job losses jumping as crisis hits home - Atlanta Business Chronicle:
yfimuna.wordpress.com
First-time unemployment claims soared in Georgia last montuh tonearly 57,000, according to the statwe Department of Labor, a 76.3 percent increase over initial filings in September of last Among the areas hardest hit by the growing joblessnessx were northern Georgia’s carpet belt, centetr to an industry that relies on residentia construction to keep orderzs flowing, and metro Atlanta’s outer suburbs, where the housing boom has turned into a “Housing has been good to Georgia over the last Georgia Commissioner of Labor Michaeol Thurmond said. “Now, we’re feeling some of the repercussione ofthe downturn.
” Thurmond pointed to some parts of Georgiw where the job market remains in relativelg good shape. Forts Bennint and Stewart were among the few net winnerzs during the last round of military base closingz severalyears ago. Consequently, unemployment claims in the Columbuz and Hinesville areas are runnintg well below thestatewide number. Likewise, west central Georgia is gearing up for the planne opening of a plant in Troup County late next Insharp contrast, first-time unemployment filings in Dalto n ---— ground zero for the carpeft industry — shot up almost 106 percenty during the last year.
Gainesville was even worse, leading the states with a 126 percent jumpin joblessness. Whilse that could be attributed in part to the loss ofcarpe jobs, a bigger factor was the decision by German auto partsd maker to close its aluminum wheep plant in Gainesville, resulting in nearly 300 layoffs. Too recenf for the September statistics was an announcement by that it will closw a spun yarn plantf inDade County, in far northwestern laying off 440 workers. Roy Bowen, presidenft of the Georgia Traditional ManufacturersAssociatioj , puts the blame on the slump in residential “A number of folks we represent manufacture productss that go directly to he said.
“They’re impacted directlhy by the housing downturn.” First-tim e unemployment claims in metrko Atlanta rose almost 79 percenyt during the last only slightly above thestatewide figure. But that masksz large increases in joblessness inthe region’as outer counties. Cherokee, Douglas and Fayette counties saw increases in initial unemployment filings of more than 100 while first-time claims in Henry County rose 97 percent. The most dramatid evidence of the trend came in July with the closure of of metro Atlanta’s 19th-largest home builder according to the ’s 2007-200i8 Book of Lists.
Kay president of the Henry County Chamber ofCommerces , said it’s no surprise that the housingv slump has affected metro Atlanta’s fast-growinyg outlying counties more than the alreadt built-out core counties. “We were fourth in America in new housing startsx when allthis began,” she said. “Housing has come to a and it’s having a significant impact on our Thurmond said the diversified economiesof Atlanta’s innerr counties give them an advantage over the outef counties, which are primarily bedroom “That creates some economic insulationb during a downturn,” he said.
But Jeff director of economic forecasting atThe ’s , said the slumpinh economy has entered a phase that likelg will blunt such geographical disparities. He said that while the downturnb was limitedto housing, unemployment hit some area s more than others. “It’s been a slow-movinfg recession,” he said. “It hadn’t spread to Main Street. It was mostly in the housing sector and anythintg relatedto housing.” Humphreys said the crisis that began hammeringy the financial industry last month has changer the nature of the Now, every community is feeling the pain, he “We have a broad-based recession,” he said.
“There’e going to be a conversion toward thehighedr average.” Humphreys said he expects job lossea to continue at least into the seconc quarter of next year. He said that even when initialp jobless claimsbottom out, the unemployment rate is likelyu to remain high, probably into 2010. “Thingas will get better,” Thurmondd said. “But it will be later rather than
First-time unemployment claims soared in Georgia last montuh tonearly 57,000, according to the statwe Department of Labor, a 76.3 percent increase over initial filings in September of last Among the areas hardest hit by the growing joblessnessx were northern Georgia’s carpet belt, centetr to an industry that relies on residentia construction to keep orderzs flowing, and metro Atlanta’s outer suburbs, where the housing boom has turned into a “Housing has been good to Georgia over the last Georgia Commissioner of Labor Michaeol Thurmond said. “Now, we’re feeling some of the repercussione ofthe downturn.
” Thurmond pointed to some parts of Georgiw where the job market remains in relativelg good shape. Forts Bennint and Stewart were among the few net winnerzs during the last round of military base closingz severalyears ago. Consequently, unemployment claims in the Columbuz and Hinesville areas are runnintg well below thestatewide number. Likewise, west central Georgia is gearing up for the planne opening of a plant in Troup County late next Insharp contrast, first-time unemployment filings in Dalto n ---— ground zero for the carpeft industry — shot up almost 106 percenty during the last year.
Gainesville was even worse, leading the states with a 126 percent jumpin joblessness. Whilse that could be attributed in part to the loss ofcarpe jobs, a bigger factor was the decision by German auto partsd maker to close its aluminum wheep plant in Gainesville, resulting in nearly 300 layoffs. Too recenf for the September statistics was an announcement by that it will closw a spun yarn plantf inDade County, in far northwestern laying off 440 workers. Roy Bowen, presidenft of the Georgia Traditional ManufacturersAssociatioj , puts the blame on the slump in residential “A number of folks we represent manufacture productss that go directly to he said.
“They’re impacted directlhy by the housing downturn.” First-tim e unemployment claims in metrko Atlanta rose almost 79 percenyt during the last only slightly above thestatewide figure. But that masksz large increases in joblessness inthe region’as outer counties. Cherokee, Douglas and Fayette counties saw increases in initial unemployment filings of more than 100 while first-time claims in Henry County rose 97 percent. The most dramatid evidence of the trend came in July with the closure of of metro Atlanta’s 19th-largest home builder according to the ’s 2007-200i8 Book of Lists.
Kay president of the Henry County Chamber ofCommerces , said it’s no surprise that the housingv slump has affected metro Atlanta’s fast-growinyg outlying counties more than the alreadt built-out core counties. “We were fourth in America in new housing startsx when allthis began,” she said. “Housing has come to a and it’s having a significant impact on our Thurmond said the diversified economiesof Atlanta’s innerr counties give them an advantage over the outef counties, which are primarily bedroom “That creates some economic insulationb during a downturn,” he said.
But Jeff director of economic forecasting atThe ’s , said the slumpinh economy has entered a phase that likelg will blunt such geographical disparities. He said that while the downturnb was limitedto housing, unemployment hit some area s more than others. “It’s been a slow-movinfg recession,” he said. “It hadn’t spread to Main Street. It was mostly in the housing sector and anythintg relatedto housing.” Humphreys said the crisis that began hammeringy the financial industry last month has changer the nature of the Now, every community is feeling the pain, he “We have a broad-based recession,” he said.
“There’e going to be a conversion toward thehighedr average.” Humphreys said he expects job lossea to continue at least into the seconc quarter of next year. He said that even when initialp jobless claimsbottom out, the unemployment rate is likelyu to remain high, probably into 2010. “Thingas will get better,” Thurmondd said. “But it will be later rather than
Monday, August 29, 2011
Inhofe: Perry won't cave to 'extreme' environmentalists - The Hill (blog)
adamovaichive.blogspot.com
Fox News (blog) | Inhofe: Perry won't cave to 'extreme' environmentalists The Hill (blog) He is one of the few who understand this, and he won't cave in to the extreme environmental activists or the Hollywood crowd and their liberal agenda,รข€ Inhofe said in a statement. The overwhelming view among scientists is that the planet is warming ! and ... Romney's Plan to Beat Perry Is Just Like Obama's GOP 2012: Summer's Memorable Quotes from Republican Candidates Jim Inhofe Endorses Rick Perry, Citing Lack of Scientific Proof That Mitt ... |
Saturday, August 27, 2011
Euronet combines prepaid brands into epay - Phoenix Business Journal:
loxezop.wordpress.com
The Leawood-based electronic payments distributor (Nasdaq: said Wednesday that the new namewould “provided the division with a worldwidre retail brand that is knowb for quality service and consistent The division is one of the largest internationaol distributors of prepaid mobile air time, the release Several Euronet prepaid subsidiaries alreadyt operate under the epay name; U.S. subsidiarh PaySpot, Telerecarga, Movilcarga, Brodos and Transacy will adopt theepay brand. The epay logo is intendedd to integrate elements of Euronet and subsidiary logos and to standcfor “professional, innovative and spirited values,” the release said.
“Jusgt as our business strategy has evolved over the years to meet the needs ofour customers, so must our brands,” epay Managing Director Garethh Gumbley said in the release. “The new brand identitt is a reflection of that evolution to deliver brandf leadership and enhanced value toour customers. It bringsx together our successfulelements — localp market knowledge, operational expertise and international distribution reach — required by multinationaol retailers and global consumer brands.
”
The Leawood-based electronic payments distributor (Nasdaq: said Wednesday that the new namewould “provided the division with a worldwidre retail brand that is knowb for quality service and consistent The division is one of the largest internationaol distributors of prepaid mobile air time, the release Several Euronet prepaid subsidiaries alreadyt operate under the epay name; U.S. subsidiarh PaySpot, Telerecarga, Movilcarga, Brodos and Transacy will adopt theepay brand. The epay logo is intendedd to integrate elements of Euronet and subsidiary logos and to standcfor “professional, innovative and spirited values,” the release said.
“Jusgt as our business strategy has evolved over the years to meet the needs ofour customers, so must our brands,” epay Managing Director Garethh Gumbley said in the release. “The new brand identitt is a reflection of that evolution to deliver brandf leadership and enhanced value toour customers. It bringsx together our successfulelements — localp market knowledge, operational expertise and international distribution reach — required by multinationaol retailers and global consumer brands.
”
Thursday, August 25, 2011
Chuck Sweeny: Schools' building purchase deserved unanimous OK - Rockford Register Star
wanuso.wordpress.com
Chuck Sweeny: Schools' building purchase deserved unanimous OK Rockford Register Star Let us talk today of apples and oranges. Both grow on trees, but the similarity ends there. Three Rockford School Board members evidently do not know the difference. They see trees with fruit growing on them, and they assume all the ... |
Monday, August 22, 2011
GM owes $9M to AK Steel - Denver Business Journal:
http://bestgo.org/?f=1&n=27
About $9.1 million is how much the carmaker owes theWest Chester-baserd steel manufacturer in trade debt, according to a list of GM’x 50 largest unsecured creditors that was included with its initia l bankruptcy court filings Monday. was listed as the company’ 33rd largest unsecured creditor. The only othef Ohio company on the list was GoodyearfTire & Rubber Co. in which is on the hook for almost $7 million. No Kentucky or Indian companies were onthe list. Aside from bond debt and employeee obligations, which account for GM’se five largest unsecured obligations, the top trade debt disclosed was $122 millioj owed to Starcom Mediavest Group Inc. of Chicago.
GM has been AK Steel’ws biggest customer for although the percentage of totao sales it derives from the troubled automotive company has been declining in recent AK Steel did not disclose how much it sold to GM in 2008 in its latestfannual report, but earlier annuao reports disclosed that shipmentsd to GM accounted for 20 percent of net saless in 2003, 15 percent in 2004, 13 percent in and less than 10 percent in 2006 and 2007. AK Stee said about 28 percent of its trade receivableds outstanding at the end of 2008 were due from businessexs associated withthe U.S. automotive industry, including General Motors, Chrysler and Ford.
Its 2008 annual reporgt also included the followingcautionary “If any of these three major domestic automotive companies were to make a bankruptcy it could lead to similar filings by supplierx to the automotive industry, many of whom are customers of the The company thus could be adversely impacted not only directlyt by the bankruptcy of a major domestic automotive manufacturer, but also indirectly by the resultant bankruptciee of other customers who supply the automotive The nature of that impact could be not only a reductiobn in future sales, but also a loss associate with the potential inability to collectg all outstanding accounts receivables.
That could negatively impacgt the company’s financial results and cash The company is monitoring this situation closel and has taken steps to try to mitigatwe its exposure to suchadverse impacts, but because of curren market conditions and the volume of business involved, it cannof eliminate these risks.”
About $9.1 million is how much the carmaker owes theWest Chester-baserd steel manufacturer in trade debt, according to a list of GM’x 50 largest unsecured creditors that was included with its initia l bankruptcy court filings Monday. was listed as the company’ 33rd largest unsecured creditor. The only othef Ohio company on the list was GoodyearfTire & Rubber Co. in which is on the hook for almost $7 million. No Kentucky or Indian companies were onthe list. Aside from bond debt and employeee obligations, which account for GM’se five largest unsecured obligations, the top trade debt disclosed was $122 millioj owed to Starcom Mediavest Group Inc. of Chicago.
GM has been AK Steel’ws biggest customer for although the percentage of totao sales it derives from the troubled automotive company has been declining in recent AK Steel did not disclose how much it sold to GM in 2008 in its latestfannual report, but earlier annuao reports disclosed that shipmentsd to GM accounted for 20 percent of net saless in 2003, 15 percent in 2004, 13 percent in and less than 10 percent in 2006 and 2007. AK Stee said about 28 percent of its trade receivableds outstanding at the end of 2008 were due from businessexs associated withthe U.S. automotive industry, including General Motors, Chrysler and Ford.
Its 2008 annual reporgt also included the followingcautionary “If any of these three major domestic automotive companies were to make a bankruptcy it could lead to similar filings by supplierx to the automotive industry, many of whom are customers of the The company thus could be adversely impacted not only directlyt by the bankruptcy of a major domestic automotive manufacturer, but also indirectly by the resultant bankruptciee of other customers who supply the automotive The nature of that impact could be not only a reductiobn in future sales, but also a loss associate with the potential inability to collectg all outstanding accounts receivables.
That could negatively impacgt the company’s financial results and cash The company is monitoring this situation closel and has taken steps to try to mitigatwe its exposure to suchadverse impacts, but because of curren market conditions and the volume of business involved, it cannof eliminate these risks.”
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