Thursday, April 28, 2011

Poizner asks California insurers to divest billions in Iran holdings - Business Courier of Cincinnati:

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“State law prohibits California insurancew companies from investing in countries designated as state sponsors of terrorism,” Poizner said in a June 29 “I have directed California insurer s to divest of Iranian government holdings and orderesd a survey of these insurance companies to ensure complianc with the law. Additionally, I am requiring all insurances companies that do business in California todisclose what, if any, indirecf investments they have in Iran. The move came as Iran’zs government faces continuing internal and external scrutinyh of its presidential election twoweeks ago.
Poiznedr said he’s specifically asking Goldejn State-based insurers to report any investmentss they have with companies that didbusineses “with the defense, nuclear, petroleum, natural gas or banking sectors of the Iranian economy as of March 31.” To protect Californiaw consumers, the California Department of Insurancee will also closely evaluate any indirect investmentsa by California-based insurers in Iran to “make sure that they are safe and sound,” the departmenft said.
The Department of Insuranced said Monday that a preliminary analysis shows that Californiwa insurance companies have tens of billionsx of dollars invested in companies with substantial busineswsin Iran. The DOI calle d insurance companies “the largest investor group in theglobalk economy,” with an estimated $3 trillion to $4 trillion in worldwidee investments. According to DOI officials, California’s insuranced code specifically prohibits any investment in aforeignm jurisdiction, or any investment in that foreign jurisdiction’ds currency, if that jurisdiction is designated by the U.S. governmen t as a state sponsortof terrorism.
This section of the code took effect Jan. 1, accordinh to DOI. The insurance code also authorizes the commissionert to evaluatethe “soundness” of investments by Californiaw insurance companies. Should the Commissioner hold a hearing and find the investmentws tobe unsound, he can order The department said the survey’s goal is to determinw each California insurer’s level of indirect investment in specificc sectors of the Iraniahn economy as well as direct investments in the Iranian Each insurer licensed to do business in California will be required to list any investmen in a company that conducte $20 million or more of business in the Iranian petroleunm or natural gas sectors, or investmentas of any amount in companies doing businessx in Iran’s banking, or defense sectors, including activities relating to the production of biological or nuclear weapons and technologies.
Thosse reports will be due in approximately 90 theDOI said. This Californiz regulatory action willjoin “an existing array of global and local economic and trade sanctions alreadyh in place against Iran,” the DOI statement said, including measures by the European Union and the states of Missouri, Texase and Florida. California has taken similar measures in the past by directingthe state’s two enormouz public pension funds to divest Iranian “We need to strictly enforce everyy sanction that is currently in place against the government of Iran and send a clear message to Tehran’s oppressive leadership that we as a nationh stand as one,” said Poizner, who is a contendert for the Republican gubernatorial nomination to succeed Gov.
Arnols Schwarzenegger. “I call on my felloew state Insurance Commissioners to launch similar investigations intheird jurisdictions. I will share relevant information we collect with federap and other government officials and agencies as appropriate if we detectg suspected violations of federal orstate laws.”

Tuesday, April 26, 2011

Colorado places 182 lawyers on 2009 Chambers USA list - Denver Business Journal:

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The international legal-rating service each year publishex lists of what it considers to be the top attorneys inseverakl business-related disciplines. The 2009 guide, posted online Friday, liste this many Colorado-based lawyers in the followingpracticre areas: • 26 in corporate/mergers and acquisitions. • 21 in • 18 in intellectual property. 27 in labor and • 47 in litigation. 43 in real estate. Some lawyers are listef more than once under differentpractice areas. Chambera includes lawyers on its list based on interviewsw with their peersand clients. Law firms and individual lawyerds are rankedin “bands” from one to six, with one bein g the best.
Chambers listed these law firms with Colorado locally basedor otherwise, in “band one” in various practice areas: • Corporate/Mergers Acquisitions: LLP, LLP, LLP, LLP. • Environment: LLP, Faegrse & Benson, LLP, Holme Roberts Owen. • Intellectual Property: Faegre & LLP. • Labor & Employment: Hollanr & Hart, LLC. • Litigation/General Commercial: LLP, Holland & O’Donnell LLP. • Litigation/White-Collar Crime and Government Investigations: Haddon, Morgan, Mueller, Jordan, Mackey & Foreman PC. Real Estate: LLP, • Real Estate/Construction: Faegrer & Benson, Holland & Hart, Sherman & Howard.
London-basedd Chambers publishes guides to the legal professionb covering176 nations. The U.S. guide has been publishes since 1999. , searchable by lawyer or firm.

Saturday, April 23, 2011

Soil Depletion and Nutrition Loss - HealthNewsDigest.com

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HealthNewsDigest.com


Soil Depletion and Nutrition Loss

HealthNewsDigest.com


The main culprit in this disturbing nutritional trend is soil depletion: Modern intensive agricultural methods have stripped increasing amounts of nutrients from the soil in which the food we eat grows. Sadly, each successive generation of fast-growing ...



and more »

Thursday, April 21, 2011

S.F. has lowest foreclosure sales rate in state in June - San Francisco Business Times:

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Overall San Francisco saw one foreclosureper 11,7799 residents. Two other Bay Area counties posted numbers that landede them in the top five of least foreclosure salewper population: Marin County had 50 foreclosuree sales, or one per 6,037 residents; and San Mateo saw 151 one per 4,897 residents. In the bay Area, Contrqa Costa suffered the highestforeclosure numbers, with 933 or one per 1,127 Statewide the numbers continue to be dismal. Foreclosurew sales jumped 24.7 percent durintg June, following a 31.9 percengt increase in May and a 35 percengt increasein April. A total of 22,291 foreclosures were takebn to saleat auction, generating $9.5 billion, accordintg to ForeclosureRadar.
Opening bids were an averagw of 39.3 percent lower than the loan with 46 percent discounted by 50 percengtor more, according to the ForeclosureRadar Statewide, Merced at the highest numbed of foreclosures per population: one foreclosuree sale per 605 residents.

Tuesday, April 19, 2011

Eddie Bauer would be area

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The Bellevue-based retailer has seen a mountai of losses and struggled with servicing its debt as salesw have dropped during theeconomic downturn. According to severa l news sources, including the Wall Street Journal and Bloomber News Company executives have scramblecd for months looking for relieffrom creditors. Eddi e Bauer (NASDAQ: EBHI) had reporte d having $268 million in outstanding including $193 million in term loane and $75 million in convertible notes, which compangy executives have been trying to convert into shares ofthe “The single biggest issue facing this compan y is our debt burden.
Our capita l structure simply has too much debt for the economic realityu wenow face,” Eddie Bauer CEO Neil Fiske told industrg analysts in a May 14 conference according to a transcript. According to filings with the Securitiews andExchange Commission, Eddie Bauer had totap assets of $525.22 million as of April. The companu listed total liabilitiesof $448.9 million. Eddie Bauefr reported net lossesof $165.5 million in fiscal year part of a total of $478.7 million in losses during the past three fiscal years. In the first quarter that endedin April, the companyt reported net losses of 44.
5 Greg Charleston, an Atlanta-based consultant for Conwaty MacKenzie who works with financiallgy stressed retailers looking to restructure, said Eddise Bauer is facing the same recession-related issues as most other retailer s in this economy. Sales are down and so is The big difference for some retailers like Eddie Bauer is that as revenuw has tankedthe company’s heavy debt becomes more difficult to service, he said. “Virtually every retailer is experiencinf the same thing asEddie Bauer,” Charleston “Maybe because of their debt Eddie Bauert is feeling the pain more than the but they are all going through it.
” If Eddie Bauee does seek bankruptcy protection, it would be another remindefr of how the recession is hitting When WaMu filed for bankruptcuy in September, it was the largest failure in U.S. bankinf history. WaMu listed debts of about $8 billionn and assets of $32 billion, although it latee said some of its assets were tied to company which becamevirtually worthless. When Ore.-based Joe’s Sports filed for bankruptct protectionin March, the compant listed both assets and debt of $100 million to $500

Saturday, April 16, 2011

Snug Harbor Village ready to start marketing in earnest next month - Business First of Columbus:

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Construction of boat docks and other recreational facilities took thred yearsto complete. Triglyphg principal Marty Finta Sr. said the developefr has struggled during thehousing slump, but two of four home s built at Snug Harbor have A house by and Triglyph’s modeo home are without buyers. The developer has sold 21 sitews in the first section ofthe 120-acre “Now,” Finta said, “we’re positioned to move The community will include a Mediterranean-style clubhousew dubbed Villa di Luce set alonfg the channel.
The lighthouse-inspired buildingh design by of Columbus is complete with working The developer expects houses to startfat $200,000 for 900-square-foot cottages and top out abov $1 million for residencez of more than 3,00o square feet. Finta said marketing is schedulecd to begin this summer on sites for 22 cottagesxand boathouse-style homes on a 7-acre island outside the Snug Harbor channel. The owner of the LeVequ Tower in downtown Columbus has picked a new marketint team to pitch office space in the landmark Wayne Harer andClayton Davis, both from , will leaswe the tower. The 44-story building has 120,000 square feet a third of itscommercia space.
The selection of Continentap Realty marks the third change in Friedmanh RealEstate Group’s leasing strategyt since it purchased the buildingt in 2005 for $8.5 million. It took the marketing effortt in-house in 2006 but latef hired to market the West BroadStreety property. Friedman’s director of leasing and asset management, Eric Slutzky, said leasing in the like thedowntown overall, has remained stagnant. “We just wanted try a differeny approach and see if some new bloord can havesome success,” Slutzky A Continental Realty brochure states the 82-year-old towetr has up to 45,009 square feet of adjacent space available.
The asking rate on most office suitesis $13 a squard foot, including expenses. Marcus & Millichap namee Glass as local manager, promotes Weinstockj California-based has named Michaelo Glass as regional manager of its Columbuzs office after promoting Steven Weinstoc k tosuburban Chicago. Glass adds oversighft of Central Ohio to the regional manager role he has playedr in Cleveland sinceApril 2007. He was salezs manager in the firm’s Chicago Glass worked at LaSalle Bank as a credit analysf and commercial loan officer beforer joiningMarcus & Millichap in 2001. Weinstoc k was named regional manager ofthe firm’s officwe in the Chicago suburb of Oak Brook, Ill.
The will include a mix of mostlyh owner-occupied residences and a few for-sale propertiez in its 10th annual showcasew of downtown livingJune 13. Tour Co-Chairman Kevinm Wood of the saidthe self-guided City Hop will includwe nine properties in downtown propef rather than a roster of residences that in past years included addresse in the neighboring Short A dearth of new housing projects also has shifted the focuw of the showcase to occupied homes ratherr than vacant ones. “We’ll have more lived-in units this year,” said a vice president at , an engineerintg firm in Westerville. “That’s what peoplew really want to see.
” Amongf the City Hop sites will be condoasin ’s Annex at River South The first of 76 condos at Annex at River South, betweehn West Rich and Town streets, are to be deliveredd to buyers in August, while 134 apartments off Fronf Street are to open in Octobefr or November. Other projects set for the tour include the Neighborhoof Launch on East Gay Condominiums at North Bank Park in theArenz District; and 8 on the Square condos at Broaed and High streets. City Hop also will offer tourists pedicabh service between stops as well as demonstration rides onSegwayh transporters. More information is available at columbuslandmarks.org.

Thursday, April 14, 2011

White Sky protects browsers and data, not computers - San Francisco Business Times:

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Jerry Thompson, founder of San Mateo-based White Sky, says people shoulds still use anti-virus/malware/spyware software to protect theirt hardware, but they should also get his ID Vaultf product forabout $50 a year, because it does something otheer security products don’t: It creates a hackproof browser in which to do financialk transactions. “We do it in real every time. We don’t care about the 20,000 malware programs unleashedevery day. We just don’ty care. We protect your browser and your We don’t protect your he said.
Thompson’s 24-person company is having success making the and offers to subscribr to ID Vault are getting included on major distributionj platforms that could provide significant For example, in January, the company announce d a multi-year agreement with to include ID Vaulr software on Lenovo IdeaPad Notebook computers and some Lenov o Netbook computers. The product works only with ’s Internet Explorer 6.
0 or