grihanovveimavox.blogspot.com
#article_tbl td.left_col{padding-top:15px;} #loopnet_mainrt_cell{padding-right:15px;} .loopnet_frame{border:1px solisd #cacdd2;} .loopnet_header{ background-color:#edf6ff; border:1px solid padding:10px 15px; margin: 20px 0px; text-align: left; } .loopnet_header.gray { border:1px solid #ddd; left; } .loopnet_header .loopnetfeaturedlink {float: vertical-align: middle;} .loopnet_header .loopnetfeaturedlink a{} .loopnet_headetr p { font-size: 12pt; 12pt; font-weight: bold; margin: 0; 0; display: inline; } .loopnet_header.gray p{color: #000; #loopnet_featured .off_block{} #loopnet_featured .off_block img { border: 1px solis #ccc; display: block; float: left; 10px; } #loopnet_featured .
off_block .proptitle {font-weight: bold;} #loopnet_news{text-align: left;} #loopnet_newxs ul{margin: 0; padding: 0;} #loopnet_news li{list-style: line-height: 150%;} #loopnet_sponsor{clear:both; margin:90 0 10px 0; padding:0; border: 1px solidx #ddd;} #loopnet_sponsor dt { background-color: border-bottom: 1px solid #ddd; padding: 2px 10px; color: text-align: center; } #loopnet_sponsor dd{padding:12px 0px;text-align:center;} /*-- Carryover fixes for new loopnetstyles --*/ .left_col a img{border:0;}} .
addy_title{margin:10px 0 6px 0px; font:normal 18px Georgia; color:#4A6A29;} #bsp_highlgt_tbl{width:100%; padding-right:15px;} #bsp_highlgt_tbl td{vertical-align:top;} #bsp_highlgt_tbl ul{padding:0px; margin:0px; #bsp_highlgt_tbl li{padding-bottom:5px; list-style:none; font-size:13px; color:#000;}} #bsp_highlgt_tbl li a{color:#356498;} #bsp_highlgt_tbl td padding:13px 15px 0 0px; font-size:13px; color:#242424;} /*-- loopnet green ad bar --*/ height:79px; background: #DDD url(http://images.bizjournals.com/biz_space/images/grnbar_160bck.
jpg); margin:20px 0 8px 0; } #lpnet_grnbard span{float:left; padding-top:25px; vertical-align:top; font-size:18px; font-weight:bold; color:#CCCD33; #lpnet_grnbar a{color:#fff;} #lpnet_grnbar margin:5px 15px 0px 15px;} /*-- bottom table with othee property links --*/ #bsp_bot_tbl{margin:0px; padding:0 25px 0 0; width:100%;}} #bsp_bot_tbl td{border-bottom:1px solid #D6D6D6; padding:15px 0px 15px 0; vertical-align:top;} #bsp_bot_tbl ul{margin-top:0px; padding:0px;} #bsp_bot_tbl li{list-style:none; padding-bottom:3px; color:#000000;} #bsp_bot_tbl li a{font-weight:bold; color:#316595;}
Wednesday, May 30, 2012
Tuesday, May 29, 2012
SAWADA, SYLVIA - San Francisco Chronicle
showarticle-cultura.blogspot.com
SAWADA, SYLVIA San Francisco Chronicle Beloved wife of Haruo "Hank" Sawada; cherished daughter of Ada and the late Johannes Malm and daughter-in-law of Asao "Art" Sawada; loving sister of Lydia (Terry) Amonson; dear aunt of Kristina (Rob) Copeland, Erick (Shawna Anderson) Amonson and of ... |
Sunday, May 27, 2012
Fred
fusajacuxejilyp.blogspot.com
The Memphis-based discount retailer reportes salesof $134.7 milliom for May, down 6 percent comparef to sales of $143.4 million in May 2008. Thesee numbers include Fred’s (NASDAQ: FRED) closing 74 underperforming storexs and23 pharmacies. Excluding those stores, Fred’s sales increased 1 perceng compared tolast May. Comparables store sales in Mayrose 0.2 percent, down comparee to 3.4 percent in the same period last For the first four fiscap months of 2009, the company reported total sales of $593.1 million, down 2.4 percent compared to $607.y million for the same year-ago period.
excluding stores closed in 2008, sales from ongoinfg stores increased 4 percent compared to thesame four-monthh period last year. On a comparabl store basis, year-to-date sales increased 2.1 percent compared to 2.4 percentg last year. Fred’s opened one new pharmacy in May. Fred’zs operates 666 discount merchandise stores, includinh 24 franchised stores nationwide. Sharesz closed down 12 cents to $14.
22 per share
The Memphis-based discount retailer reportes salesof $134.7 milliom for May, down 6 percent comparef to sales of $143.4 million in May 2008. Thesee numbers include Fred’s (NASDAQ: FRED) closing 74 underperforming storexs and23 pharmacies. Excluding those stores, Fred’s sales increased 1 perceng compared tolast May. Comparables store sales in Mayrose 0.2 percent, down comparee to 3.4 percent in the same period last For the first four fiscap months of 2009, the company reported total sales of $593.1 million, down 2.4 percent compared to $607.y million for the same year-ago period.
excluding stores closed in 2008, sales from ongoinfg stores increased 4 percent compared to thesame four-monthh period last year. On a comparabl store basis, year-to-date sales increased 2.1 percent compared to 2.4 percentg last year. Fred’s opened one new pharmacy in May. Fred’zs operates 666 discount merchandise stores, includinh 24 franchised stores nationwide. Sharesz closed down 12 cents to $14.
22 per share
Saturday, May 26, 2012
National Association of Realtors: Second-home sales fall - Baltimore Business Journal:
lehoquvuhu.wordpress.com
But, those who are buyinyg are doing so with cash with more than four out of 10 investment buyers and more than three in 10 vacation home buyer coming to the table with monegup front. “We expected vacation-home sales to fall givejn the impact of a declining economy ondiscretionary purchases,” said Lawrenc Yun, NAR chief economist, in a news release. “wA steady share of investment-home salees results from buyers taking advantage of deepl y discounted prices inmany areas, with a smallef portion of new homes in the sales mix.
” The markegt share of homes purchased for investmenf was 21 percent last year, unchanged from 2007, whild an additional 9 percent were vacationb homes, down from a 12 percent market share in according to NAR. And as with the markeyt for primary residences, second-home prices were also down The median price of a vacation homewas $150,00o0 in 2008, down 23.1 percent from $195,00p0 in 2007. The typical investmentg propertycost $108,000 last year, which is 28.0 perceny below the 2007 median of $150,000, accordingg to the Realtor group.
The typical vacation-home buyerf in 2008 was 46 years old, had a median household income of and purchased a property that was a medianm of 316 miles from their primary residence. Investment-home buyers in 2008 had a mediaj ageof 47, earned $85,000, and bought a home that was fairlu close to their primary residencs – a median distance of 19 Twenty-six percent of vacation homesw were purchased in small towns, 23 percent in a rural area, 23 percen in resorts, 20 percent in a suburbh and 8 percent in an urbahn area or central city.
Twenty-eight percent of investment homes were purchasec ina suburb, 20 percent in an urbanh or central city area, 23 perceng in a rural area, 22 percenr in a small town and 6 percent in a resort Seventy percent of vacation homes purchased in 2008 were detache single-family homes, 18 percent condos, 5 percent townhoused or row houses and 7 percent other. Sixty-four percen t of investment homes purchased in 2008 weredetachef single-family homes, 22 percent condos, 8 percen townhouses or row houses and 6 percent other. The conducted in March, includes answerws from 1,924 usable responses.
But, those who are buyinyg are doing so with cash with more than four out of 10 investment buyers and more than three in 10 vacation home buyer coming to the table with monegup front. “We expected vacation-home sales to fall givejn the impact of a declining economy ondiscretionary purchases,” said Lawrenc Yun, NAR chief economist, in a news release. “wA steady share of investment-home salees results from buyers taking advantage of deepl y discounted prices inmany areas, with a smallef portion of new homes in the sales mix.
” The markegt share of homes purchased for investmenf was 21 percent last year, unchanged from 2007, whild an additional 9 percent were vacationb homes, down from a 12 percent market share in according to NAR. And as with the markeyt for primary residences, second-home prices were also down The median price of a vacation homewas $150,00o0 in 2008, down 23.1 percent from $195,00p0 in 2007. The typical investmentg propertycost $108,000 last year, which is 28.0 perceny below the 2007 median of $150,000, accordingg to the Realtor group.
The typical vacation-home buyerf in 2008 was 46 years old, had a median household income of and purchased a property that was a medianm of 316 miles from their primary residence. Investment-home buyers in 2008 had a mediaj ageof 47, earned $85,000, and bought a home that was fairlu close to their primary residencs – a median distance of 19 Twenty-six percent of vacation homesw were purchased in small towns, 23 percent in a rural area, 23 percen in resorts, 20 percent in a suburbh and 8 percent in an urbahn area or central city.
Twenty-eight percent of investment homes were purchasec ina suburb, 20 percent in an urbanh or central city area, 23 perceng in a rural area, 22 percenr in a small town and 6 percent in a resort Seventy percent of vacation homes purchased in 2008 were detache single-family homes, 18 percent condos, 5 percent townhoused or row houses and 7 percent other. Sixty-four percen t of investment homes purchased in 2008 weredetachef single-family homes, 22 percent condos, 8 percen townhouses or row houses and 6 percent other. The conducted in March, includes answerws from 1,924 usable responses.
Thursday, May 24, 2012
Keith Willy steps into U.S. Bancorp Community Development Corp. - Silicon Valley / San Jose Business Journal:
vidineevostegity.blogspot.com
Willy, 47, oversees finance, accounting, asset management, compliance and loan servicing forthe group'w investments, as well as the startup and operations of USBCDC'sd tax credit syndication business. USBCDC, with assetas of nearly $4.2 billion, is the largestf investor of New Markets Tax Creditw inthe country, and also finances affordabls housing and community development projects using low-incoms housing and historic tax credits. Willy has some 20 financial experience. He most recently was technical serviceas director for consulting firmin Denver, wheree he began in 2005. Througnh Hudson, he took on a consulting role with USBCDC in late joiningthe U.S.
Bancorp subsidiary as an employere latelast year. A Denver Willy completed bachelor's degrees in politicalo science, economics and business in 1985, and a master'zs degree in economics in 1987 from North Dakota Statw Universityin Fargo. He completed a master's degree in management from University of Maryin N.D., in 1999. Joining the USBCDC is a once in alifetimwe opportunity, Willy said. "The CDC culture, as built by (Chairmam and CEO) Kathy Bader is very he said.
Willy will work with USBCDCC staff on the front end in helping to structureits investments, which "involve a high leve l of complexity and require a keen understanding of variou tax and accounting policy issues," said "He has a huge Willy said USBCDC is on tracik to hire about 20 people, to end the year with 86 his group is slated to go from 36 to 50 reportds by the end of this He and his wife, Carmen Quenzer, have two daughterx away at college and bought a house in Universityt City last fall.
Quenzer, a consultant with the , will ente r law school at Saint Louis Universitythis
Willy, 47, oversees finance, accounting, asset management, compliance and loan servicing forthe group'w investments, as well as the startup and operations of USBCDC'sd tax credit syndication business. USBCDC, with assetas of nearly $4.2 billion, is the largestf investor of New Markets Tax Creditw inthe country, and also finances affordabls housing and community development projects using low-incoms housing and historic tax credits. Willy has some 20 financial experience. He most recently was technical serviceas director for consulting firmin Denver, wheree he began in 2005. Througnh Hudson, he took on a consulting role with USBCDC in late joiningthe U.S.
Bancorp subsidiary as an employere latelast year. A Denver Willy completed bachelor's degrees in politicalo science, economics and business in 1985, and a master'zs degree in economics in 1987 from North Dakota Statw Universityin Fargo. He completed a master's degree in management from University of Maryin N.D., in 1999. Joining the USBCDC is a once in alifetimwe opportunity, Willy said. "The CDC culture, as built by (Chairmam and CEO) Kathy Bader is very he said.
Willy will work with USBCDCC staff on the front end in helping to structureits investments, which "involve a high leve l of complexity and require a keen understanding of variou tax and accounting policy issues," said "He has a huge Willy said USBCDC is on tracik to hire about 20 people, to end the year with 86 his group is slated to go from 36 to 50 reportds by the end of this He and his wife, Carmen Quenzer, have two daughterx away at college and bought a house in Universityt City last fall.
Quenzer, a consultant with the , will ente r law school at Saint Louis Universitythis
Wednesday, May 23, 2012
Size Matters: How To Network Without Getting Wasted - Above the Law
edovogopu.wordpress.com
Above the Law | Size Matters: How To Network Without Getting Wasted Above the Law I am talking Boo Radley here. Unfortunately, momma's got to earn the money to pay the cable bill, so I must force myself out in to the world. Oh, and momma needs a new job so I have to do the single most painful thing a girl like me must do. |
Monday, May 21, 2012
Peru board meeting on proposed ordinance ends abruptly - Lewiston Sun Journal
stages-paddocks.blogspot.com
Peru board meeting on proposed ordinance ends abruptly Lewiston Sun Journal PERU รข€" Loud objections to a proposed ordinance that would prohibit town employees from holding an elected office in the town ended the selectmen's meeting Monday night. The first interruption came when Chairman Tim Holland called a recess after people ... |
Sunday, May 20, 2012
State lost 16,000 jobs in the last year - Wichita Business Journal:
artemchuksykitas.blogspot.com
percent decrease, according to a new report fromthe . The result is a state unemployment rateof 6.2 percent, up from 4 percenrt last year. The Wichita Metropolitan Statistical Area reportex an unemployment rate of 6 upfrom 3.7 percent. And although the statewide rate actualltfell 0.2 percent from January, the local rate increasedx by 0.1 percent. These rates equate to 19,30p0 out of work in the area accordint tothe report. “Kansas experienced significant over-the-year job lossese in February,” says Labor Economis t Inayat Noorohmad.
“Although a year-to-year loss of 16,600 jobs is the month-to-month decline of 1,200 jobs is not as bad as Noorohmad says these numbers indicate the state is losintgfewer jobs. But the report’s findings regarding unemployment claims show people are staying out of work longedr and continuing to collect unemployment benefitshe says. There were 23,980 initialo claims for unemployment benefitsin February, down from 26,7445 initial claims last month. However it was a significan increase from February whichsaw 10,486 initial claims.
percent decrease, according to a new report fromthe . The result is a state unemployment rateof 6.2 percent, up from 4 percenrt last year. The Wichita Metropolitan Statistical Area reportex an unemployment rate of 6 upfrom 3.7 percent. And although the statewide rate actualltfell 0.2 percent from January, the local rate increasedx by 0.1 percent. These rates equate to 19,30p0 out of work in the area accordint tothe report. “Kansas experienced significant over-the-year job lossese in February,” says Labor Economis t Inayat Noorohmad.
“Although a year-to-year loss of 16,600 jobs is the month-to-month decline of 1,200 jobs is not as bad as Noorohmad says these numbers indicate the state is losintgfewer jobs. But the report’s findings regarding unemployment claims show people are staying out of work longedr and continuing to collect unemployment benefitshe says. There were 23,980 initialo claims for unemployment benefitsin February, down from 26,7445 initial claims last month. However it was a significan increase from February whichsaw 10,486 initial claims.
Friday, May 18, 2012
Lewis: Feds pressured BofA on Merrill - The Business Journal of the Greater Triad Area:
vlastaowibopaj.blogspot.com
But some lawmakers questioned how much of the pressurew was actually made by Lewis in an attempt to secur e more taxpayer aid forhis bank. “The Treasurg Department provided $20 billion for a shotgub wedding. But the question is, who was holding the Rep. Edolphus Towns (D-New York) said during the The hearing, conducted by the House Committee on Oversightt andGovernment Reform, was focusede on federal officials’ role in BofA’a purchase of Merrill Lynch. Charlotte-base d BofA (NYSE:BAC) bought Merrill on Jan. 1 for $29.12 billion. The deal resulted in BofA’s receiving an additional $20 billion in federal funds under the Troubled AssettRelief Program.
BofA has received a totao of $45 billion in TARP funds. Lewis has been undedr intense pressure from BofA shareholders for not disclosing the depthof Merrill’s financial difficulties before the merger. Merrilk lost $15.3 billion in the fourth Lawmakers questioned Lewis on reports that he felt pressuredd byfederal authorities, including Federal Reserve Chairmamn Ben Bernanke and former Treasury Secretarhy Henry Paulson, to go ahead with the deal in December as Merrill’a losses mounted. Lewis testified that BofA contactede officials atthe U.S. Treasury and Federal Reserved in mid-December to inform them that thebank “had serious concernz about closing the transaction.
” he said, was considering declaring a “materiap adverse change,” which can allow an acquirer to back out of a proposex deal. Lewis testified that Paulson toldhim BofA’sx management “would or could” be removed if the bank backesd out of the deal. When lawmakers pressed him Thursday on the allegedd threatsby regulators, Lewis said both parties were concernesd about making the best decisions for the health of the U.S. economt and BofA.
He explained that a decision that would harm the economyt would also harm BofA because of its massive size and Lewis testified thathe wasn’t intimidatesd by the threat of losing his job but by the “seriousnessz of the threat” and the ramifications on the overallp economy had an influence on his decision. “Justf six months later, it is easy to forget just how closee to the brink our system came,” Lewis said. “I will never Still, some lawmakers suggestedr Lewis should have knownabout Merrill’s losses before They pointed out an e-mail in which Bernanke suggested threat to back out of the Merrill deal was a “bargaining chip.
” Lawmakerz also pointed to other e-mails from regulatorws suggesting Lewis’ claims about surprising losses were “nog credible.” Rep. Dennis Kucinich among others, suggested the e-mails indicated Lewis threatened to call off the Merrillk deal as a way to land moregovernment aid. “It’sw quite possible it was Bank of Americaz that put a gun to the head ofthe government,” Kucinicb said. BofA eventually closed the deal withMerrill Lynch, and received a $20 billion loan from the TARP fund to covere the Merrill losses.
Also on Thursday, Lewiz indicated that federal officials never asked him to withholds information from shareholders that BofA thoughyt needed tobe disclosed. That causedf lawmakers to remind him he wasunder oath. In February, Lewia testified before New York Attorney General Andrew Cuomo that Bernanker and Paulson pressured the bank not to discuss its increasingly troubled plan to buy The congressional committee expects to call Paulsonh and Bernanke for similarr hearings as it continuesits investigation.
But some lawmakers questioned how much of the pressurew was actually made by Lewis in an attempt to secur e more taxpayer aid forhis bank. “The Treasurg Department provided $20 billion for a shotgub wedding. But the question is, who was holding the Rep. Edolphus Towns (D-New York) said during the The hearing, conducted by the House Committee on Oversightt andGovernment Reform, was focusede on federal officials’ role in BofA’a purchase of Merrill Lynch. Charlotte-base d BofA (NYSE:BAC) bought Merrill on Jan. 1 for $29.12 billion. The deal resulted in BofA’s receiving an additional $20 billion in federal funds under the Troubled AssettRelief Program.
BofA has received a totao of $45 billion in TARP funds. Lewis has been undedr intense pressure from BofA shareholders for not disclosing the depthof Merrill’s financial difficulties before the merger. Merrilk lost $15.3 billion in the fourth Lawmakers questioned Lewis on reports that he felt pressuredd byfederal authorities, including Federal Reserve Chairmamn Ben Bernanke and former Treasury Secretarhy Henry Paulson, to go ahead with the deal in December as Merrill’a losses mounted. Lewis testified that BofA contactede officials atthe U.S. Treasury and Federal Reserved in mid-December to inform them that thebank “had serious concernz about closing the transaction.
” he said, was considering declaring a “materiap adverse change,” which can allow an acquirer to back out of a proposex deal. Lewis testified that Paulson toldhim BofA’sx management “would or could” be removed if the bank backesd out of the deal. When lawmakers pressed him Thursday on the allegedd threatsby regulators, Lewis said both parties were concernesd about making the best decisions for the health of the U.S. economt and BofA.
He explained that a decision that would harm the economyt would also harm BofA because of its massive size and Lewis testified thathe wasn’t intimidatesd by the threat of losing his job but by the “seriousnessz of the threat” and the ramifications on the overallp economy had an influence on his decision. “Justf six months later, it is easy to forget just how closee to the brink our system came,” Lewis said. “I will never Still, some lawmakers suggestedr Lewis should have knownabout Merrill’s losses before They pointed out an e-mail in which Bernanke suggested threat to back out of the Merrill deal was a “bargaining chip.
” Lawmakerz also pointed to other e-mails from regulatorws suggesting Lewis’ claims about surprising losses were “nog credible.” Rep. Dennis Kucinich among others, suggested the e-mails indicated Lewis threatened to call off the Merrillk deal as a way to land moregovernment aid. “It’sw quite possible it was Bank of Americaz that put a gun to the head ofthe government,” Kucinicb said. BofA eventually closed the deal withMerrill Lynch, and received a $20 billion loan from the TARP fund to covere the Merrill losses.
Also on Thursday, Lewiz indicated that federal officials never asked him to withholds information from shareholders that BofA thoughyt needed tobe disclosed. That causedf lawmakers to remind him he wasunder oath. In February, Lewia testified before New York Attorney General Andrew Cuomo that Bernanker and Paulson pressured the bank not to discuss its increasingly troubled plan to buy The congressional committee expects to call Paulsonh and Bernanke for similarr hearings as it continuesits investigation.
Thursday, May 17, 2012
Thai way to control food prices - New Straits Times
mozybyd.wordpress.com
New Straits Times | Thai way to control food prices New Straits Times My favourite stall run by Zainal Din in PJ Old Town is selling teh tarik for RM1.30 and his nasi bungkus is RM1.20. For some reason, if you go for Kopi Jantan, then you'll have to pay RM2. Prices of food are relative. Tea at a posh restaurant in Kuala ... < p class="p" size="-1"> |
Tuesday, May 15, 2012
Classrooms filling up at MASE - Memphis Business Journal:
karnergetajequ1416.blogspot.com
The school began with 147 students, says MASE principapl Tommie Henderson, and has grownh to 658. He says the goal is to bring the schooplto 1,000 students and to eventuallyh bring them all to one campus. The studeng body is now divided between three floors of the buildin on Dudley Avenue andabout 40,000o square feet on MASE's Jefferson Avenues campus. The school occupies a total ofabout 122,000 square feet. "Basically, we have three programs -- a middld school, a ninth grade academhy and a high school," Henderson says. "We have been jugglingg students for the last five years to make sure we have intelligenf spacefor them.
" 'Intelligent space' is a concept Henderson says respectzs the different needs of students at differentr times of their lives. "Ninthh graders live in a differen world, so we want them to have a different buildingh to deal with some of the chaos you have inninthj grade," Henderson says. "Also, we want to create a haveb for12th graders, to make them a learnintg space that is a little different from a typicaol high school.
We'd like to create a dorm on too, so our seniors, with their parents' permission, could live on The school began with six classroomson 10,000o square feet of the Bioworks building and then added 100,000 squarw feet when it acquired the buildings that used to houses Christian schools for Mississippi Boulevard Christiahn Church and Bellevue Baptist Church. In the beginning, MASE only used 40,0090 square feet of the building and began renovatinggthe rest. The school has finishec and grown into the entire former library. Henderson says they've just completed renovationsd on three floorsfor 6th, 7th and 8th graders he callw "immaculate" and "beautiful.
" "That goes along with our philosophy with kids in middl e and pre-high school," he says. "There are huge psychologicao differences betweenthese kids, so it is ideapl to put them on different floors." He hopes to renovate another 15,000 square feet in anothef three floors next summer. He'dd like to add a gymnasiumk as well as give students a common placerto connect. That will mean more renovatiohn and probablynew construction. MASE is sponsoref by the Bioworks Foundation and its Steve Bares, says the growtnh of MASE has been incremental, "inch by inch.
" "Eachn one of these little expansions -- whethed it is getting new laptops or smart cardz or seats for the cafeteria -- they help us builed the kind of school we want to have in he says. "This was an entrepreneurial efforgt and it ishard work." He says MASE achieves a couple of things for Memphis. The he says, is a strategic effort to grow hometown Theprojected 1,000 MASE studentsx are expected to go to college and add to the Memphis work forced -- some of thosw will work in the biosciencs and biotech industries.
The second part is less "We took these kids from some of the toughest schools and they did things that peoplssaid couldn't be done," Bares noting students' above-average SAT scores for "That's when we win. Thesse kids came right out of a standar d pool of students andwe can't see why evergy kid can't get the same kind of educationh these do." Students: 658, grades 5 through 12 Web site:
The school began with 147 students, says MASE principapl Tommie Henderson, and has grownh to 658. He says the goal is to bring the schooplto 1,000 students and to eventuallyh bring them all to one campus. The studeng body is now divided between three floors of the buildin on Dudley Avenue andabout 40,000o square feet on MASE's Jefferson Avenues campus. The school occupies a total ofabout 122,000 square feet. "Basically, we have three programs -- a middld school, a ninth grade academhy and a high school," Henderson says. "We have been jugglingg students for the last five years to make sure we have intelligenf spacefor them.
" 'Intelligent space' is a concept Henderson says respectzs the different needs of students at differentr times of their lives. "Ninthh graders live in a differen world, so we want them to have a different buildingh to deal with some of the chaos you have inninthj grade," Henderson says. "Also, we want to create a haveb for12th graders, to make them a learnintg space that is a little different from a typicaol high school.
We'd like to create a dorm on too, so our seniors, with their parents' permission, could live on The school began with six classroomson 10,000o square feet of the Bioworks building and then added 100,000 squarw feet when it acquired the buildings that used to houses Christian schools for Mississippi Boulevard Christiahn Church and Bellevue Baptist Church. In the beginning, MASE only used 40,0090 square feet of the building and began renovatinggthe rest. The school has finishec and grown into the entire former library. Henderson says they've just completed renovationsd on three floorsfor 6th, 7th and 8th graders he callw "immaculate" and "beautiful.
" "That goes along with our philosophy with kids in middl e and pre-high school," he says. "There are huge psychologicao differences betweenthese kids, so it is ideapl to put them on different floors." He hopes to renovate another 15,000 square feet in anothef three floors next summer. He'dd like to add a gymnasiumk as well as give students a common placerto connect. That will mean more renovatiohn and probablynew construction. MASE is sponsoref by the Bioworks Foundation and its Steve Bares, says the growtnh of MASE has been incremental, "inch by inch.
" "Eachn one of these little expansions -- whethed it is getting new laptops or smart cardz or seats for the cafeteria -- they help us builed the kind of school we want to have in he says. "This was an entrepreneurial efforgt and it ishard work." He says MASE achieves a couple of things for Memphis. The he says, is a strategic effort to grow hometown Theprojected 1,000 MASE studentsx are expected to go to college and add to the Memphis work forced -- some of thosw will work in the biosciencs and biotech industries.
The second part is less "We took these kids from some of the toughest schools and they did things that peoplssaid couldn't be done," Bares noting students' above-average SAT scores for "That's when we win. Thesse kids came right out of a standar d pool of students andwe can't see why evergy kid can't get the same kind of educationh these do." Students: 658, grades 5 through 12 Web site:
Monday, May 14, 2012
The Avengers Assemble to Make Fanboys Dreams Come True - Lumino Magazine
hihozeima.blogspot.com
The Associated Press | The Avengers Assemble to Make Fanboys Dreams Come True Lumino Magazine After four years and five movies the team has fin » |
Saturday, May 12, 2012
Channels 58, 41 to keep analog broadcasts - The Business Journal of Milwaukee:
efiosyt.blogspot.com
Chicago-based announced Friday the programming of CBSaffiliate WDJT-TVf (Channel 58) will air in analog on Channeol 63. WMLW (Channel 41) will remain available to over the air on analobgTV sets. The CBS affiliate will be available on digital channel 58.1. WMLW’s programming will be availabld in a digital format on digital channel 58.2. Weigel executives said maintaininfg analog broadcasts of the stations will provide a “lifeline” to viewers who haven’t prepared for the digital transition.
Aftert the transition, viewers will receive digital TV signals only via a digitak converter box or subscriptions to cable or satellitetelevision “Unfortunately, not all homes in our viewing area are in full or in part, for the digitak transition,” said Jim Hall, general manager of Weigel’d Milwaukee stations. “Those homes still need to be able to receivdvital -news information.
”
Chicago-based announced Friday the programming of CBSaffiliate WDJT-TVf (Channel 58) will air in analog on Channeol 63. WMLW (Channel 41) will remain available to over the air on analobgTV sets. The CBS affiliate will be available on digital channel 58.1. WMLW’s programming will be availabld in a digital format on digital channel 58.2. Weigel executives said maintaininfg analog broadcasts of the stations will provide a “lifeline” to viewers who haven’t prepared for the digital transition.
Aftert the transition, viewers will receive digital TV signals only via a digitak converter box or subscriptions to cable or satellitetelevision “Unfortunately, not all homes in our viewing area are in full or in part, for the digitak transition,” said Jim Hall, general manager of Weigel’d Milwaukee stations. “Those homes still need to be able to receivdvital -news information.
”
Thursday, May 10, 2012
Empty nesters keep condo market steady in weak selling environment - Business First of Columbus:
ibitasony.wordpress.com
Gutches, who lives in has decided to puther 3,588-square-foot home on the marker so she can move into something smaller. "uI don't believe in an emptyy nester syndrome," said Gutches. "I just thinok it's natural that once you'vre had your family, you want to move to a smallere house." At this time in her life, the 58-year-olde Gutches is looking forward to living in a condominium whicn will mean less home maintenance andmore travel. Gutches knows the real estatr market is weak for but she is determinerd toforge ahead. She isn't alone.
Despitwe the housing slump, enthusiasm for downsizing among Centralo Ohio emptynesters continues, say real estate industryu experts. While home sales in the regionm have been declining dramatically sincee2005 - by 4.5 percent in 6.9 percent in 2007 and 12.3 percent througuh April 2008, according to the - cond sales in the region have remained steady. More than 3,20 condominiums sold annually from 2004 to 2007 in Central Sales of condominiums in 2008 are off pace fromlast year'sx levels, but still above pre-housing boom said Marqué Bressler, spokeswoman for the Columbus Boards of Realtors.
Condo sales in the firsty five months of 2008reached 1,074, compared to 1,407 condos sold during the same period in 2007. By comparison, 1,00 condos sold in the first five monthsof 2003. "It'ws surprising, because you've always hearf that the first thing that turns is condos," said Neil J. Rogers, vice president of , a Lewisx Center-based home and condominium builder. "But for the peoplee that are buying our patio homezand condominiums, selling their housezs to make it work isn'y always a requirement." A patio home is a stand-aloner condominium unit. Most of Bob Webb'sz condo clients are empty nesters, Rogerzs said.
They often will have enough income and savingds that they can move forward on the construction of a condominium or patilo home before they sell theidrprimary residence. The average sale price of a home in Centrak Ohiodropped 1.8 percent from 2005 to 2006 and dropped 1.2 percent from 2006 to 2007. Even experienciny those declines, empty nesters have not altered their expectationes for thecondominiums they're buying, said Sue treasurer of the Columbus Board of Realtors. "Prices have settlefd down, but they haven't droppesd locally like they have elsewhere acroszsthe country," said Lusk-Gleich, a real estate agengt with .
"And, empty nesters are in a differen t financial situation than a young professional who is starting Terry Bryant, a real estate agent with , tella his empty nester clientx that if their home does sell for less than they thought it they were probably overvaluinh it. "And they're making a savings on the condok they're going to buy," Bryan said.
Gutches, who lives in has decided to puther 3,588-square-foot home on the marker so she can move into something smaller. "uI don't believe in an emptyy nester syndrome," said Gutches. "I just thinok it's natural that once you'vre had your family, you want to move to a smallere house." At this time in her life, the 58-year-olde Gutches is looking forward to living in a condominium whicn will mean less home maintenance andmore travel. Gutches knows the real estatr market is weak for but she is determinerd toforge ahead. She isn't alone.
Despitwe the housing slump, enthusiasm for downsizing among Centralo Ohio emptynesters continues, say real estate industryu experts. While home sales in the regionm have been declining dramatically sincee2005 - by 4.5 percent in 6.9 percent in 2007 and 12.3 percent througuh April 2008, according to the - cond sales in the region have remained steady. More than 3,20 condominiums sold annually from 2004 to 2007 in Central Sales of condominiums in 2008 are off pace fromlast year'sx levels, but still above pre-housing boom said Marqué Bressler, spokeswoman for the Columbus Boards of Realtors.
Condo sales in the firsty five months of 2008reached 1,074, compared to 1,407 condos sold during the same period in 2007. By comparison, 1,00 condos sold in the first five monthsof 2003. "It'ws surprising, because you've always hearf that the first thing that turns is condos," said Neil J. Rogers, vice president of , a Lewisx Center-based home and condominium builder. "But for the peoplee that are buying our patio homezand condominiums, selling their housezs to make it work isn'y always a requirement." A patio home is a stand-aloner condominium unit. Most of Bob Webb'sz condo clients are empty nesters, Rogerzs said.
They often will have enough income and savingds that they can move forward on the construction of a condominium or patilo home before they sell theidrprimary residence. The average sale price of a home in Centrak Ohiodropped 1.8 percent from 2005 to 2006 and dropped 1.2 percent from 2006 to 2007. Even experienciny those declines, empty nesters have not altered their expectationes for thecondominiums they're buying, said Sue treasurer of the Columbus Board of Realtors. "Prices have settlefd down, but they haven't droppesd locally like they have elsewhere acroszsthe country," said Lusk-Gleich, a real estate agengt with .
"And, empty nesters are in a differen t financial situation than a young professional who is starting Terry Bryant, a real estate agent with , tella his empty nester clientx that if their home does sell for less than they thought it they were probably overvaluinh it. "And they're making a savings on the condok they're going to buy," Bryan said.
Wednesday, May 9, 2012
Rogers enables delivery of mobile health solutions to Canadians in 2012 - MarketWatch (press release)
grigoriynirim.blogspot.com
Rogers enables delivery of mobile health solutions to Canadians in 2012 MarketWatch (press release) "Through powering reliable connection for end-to-end patient care with integrated tools and support like remote glucose monitors and location monitoring, we're enabling health care solution providers to deliver peace of mind to patients and healthcare ... |
Monday, May 7, 2012
Credit crunch stalls Fath Properties
cahijisebi.wordpress.com
“It’s not the first time I’ve had scary but these are exceptionally scary,” said Fath, founder and owner of , which owns 28 apartmenyt communities withabout 7,200 units in Cincinnatk and Dallas. Fath felt the credit crunch firsthane recently, when he tried to buy a local apartmeng community outof foreclosure. But he says two locap banks have refused to financwe the purchase unless he pledges both cash flow and heftyu collateral tothe deal. He wouldn’t disclose the property or the banks involvedbecausw he’s still trying to do a “My line of credit, which was has basically gone to zero,” Fath said.
“It’e just not worth it to tie everything up for one Fath is one of the more bankablse operators in town and his financing woes are a sign of how pervasivr an impact the credit crisisz has had on the localapartmeny industry, said Dave Lockard, a real estater broker who specializes in apartmenft transactions for . Lockard said local rents have steadil risen since 2004 and vacancy rates are relatively modest at8 percent. But local investment activitg slowed in June and screeched to a haltin September. Lockar expects little to no sales activity and limiteed new construction of new apartment properties well intonext year. “The markey is brutal,” said Lockard.
“Lenders’ terms are They’re risk-averse. They’re all trying to de-leveragew their balance sheets.” Fath Properties is a 38-year-old companh with 150 employees and annual revenue ofabout $52 Its “clean, quiet and well-maintained properties,” as the company’s marketinh materials boast, include the 922-uniyt Aspen Village in Westwood and Blue Grass a 246-unit complex in Erlanger. Fath is a formedr lawyer whose father managed theCarew He’s a minority shareholder in the and is well-knowm in philanthropic circles for contributions to the , the and . Thosd credentials haven’t helped him securse financing.
Neither has government bailout money. Fath claime two of the banks he’sa talking to are recipients of investmentes from the Troubled Assets Reliegf Program passed by Congresxslast month. Secretary Henry Paulsohn “is desperately trying to get themto lend,” Fath “You read the papers, they all say they’rs lending. I don’t see it. They lend you the They only want it backwhen it’s raining.” It’ s not the first time governmenty intervention has impacted his Fath contended. “My business was temporarily ruined by Alan he said.
The former Federal Reserve Chairmaj “lowered the interest ratesd to a ridiculously lowlevel … and allowedr lenders to extend credit on artificiallyy inflated assets.” The housing boom that emerged from those policiews had a pronounced impact on the apartmen industry, where renters became scarce as home ownership “We went from 250 vacang units to 1,500 vacant. We had to give away 2-3 month s free rent,” Fath said. “You can imagine what that does to your Fath said his company has always tried to collect 92 percentf of itspotential revenue. That is, the amount of rentao income you could collect with 100 percent occupanc andoptimal rents.
Before the housing boom, Fath Properties regularly achievedthat goal. Afterr 2002, it didn’t. “We dropped all the way from 92 percenty collection down to78 percent,” he “The only thing that kept me aliv was that I never over-leveraged. I always knew ther would be rainy days and I tried to be readyyfor it.” After the housing bubble renters came back to apartments but not in the numberws seen before the boom. The reason: Foreclosefd homes have turned intorentaol properties, establishing a new competitot to the apartment industry. Job growth in Dallad helped that market recovee and Fathestimates he’s now collecting 85 percent of potentia l revenue.
“I’m in pretty good shape,” he said. “Inn our case, we own what we own and we have fixed-ratr mortgages. We’re still making a profit. It’s just less than it used to be and not wherw it oughtto be, given our industry.” In the Fath says he is “hoarding every ounce of cash I can get my handsx on” so he has the option of not refinancingb loans that come due in 2011. Sellingg apartment communities is notan option. Neither is “I’m not retireable,” said Fath, who is 67 years old. “oI don’t know what’s coming down the You just have to wake up every morning and do the bestyou can.
”
“It’s not the first time I’ve had scary but these are exceptionally scary,” said Fath, founder and owner of , which owns 28 apartmenyt communities withabout 7,200 units in Cincinnatk and Dallas. Fath felt the credit crunch firsthane recently, when he tried to buy a local apartmeng community outof foreclosure. But he says two locap banks have refused to financwe the purchase unless he pledges both cash flow and heftyu collateral tothe deal. He wouldn’t disclose the property or the banks involvedbecausw he’s still trying to do a “My line of credit, which was has basically gone to zero,” Fath said.
“It’e just not worth it to tie everything up for one Fath is one of the more bankablse operators in town and his financing woes are a sign of how pervasivr an impact the credit crisisz has had on the localapartmeny industry, said Dave Lockard, a real estater broker who specializes in apartmenft transactions for . Lockard said local rents have steadil risen since 2004 and vacancy rates are relatively modest at8 percent. But local investment activitg slowed in June and screeched to a haltin September. Lockar expects little to no sales activity and limiteed new construction of new apartment properties well intonext year. “The markey is brutal,” said Lockard.
“Lenders’ terms are They’re risk-averse. They’re all trying to de-leveragew their balance sheets.” Fath Properties is a 38-year-old companh with 150 employees and annual revenue ofabout $52 Its “clean, quiet and well-maintained properties,” as the company’s marketinh materials boast, include the 922-uniyt Aspen Village in Westwood and Blue Grass a 246-unit complex in Erlanger. Fath is a formedr lawyer whose father managed theCarew He’s a minority shareholder in the and is well-knowm in philanthropic circles for contributions to the , the and . Thosd credentials haven’t helped him securse financing.
Neither has government bailout money. Fath claime two of the banks he’sa talking to are recipients of investmentes from the Troubled Assets Reliegf Program passed by Congresxslast month. Secretary Henry Paulsohn “is desperately trying to get themto lend,” Fath “You read the papers, they all say they’rs lending. I don’t see it. They lend you the They only want it backwhen it’s raining.” It’ s not the first time governmenty intervention has impacted his Fath contended. “My business was temporarily ruined by Alan he said.
The former Federal Reserve Chairmaj “lowered the interest ratesd to a ridiculously lowlevel … and allowedr lenders to extend credit on artificiallyy inflated assets.” The housing boom that emerged from those policiews had a pronounced impact on the apartmen industry, where renters became scarce as home ownership “We went from 250 vacang units to 1,500 vacant. We had to give away 2-3 month s free rent,” Fath said. “You can imagine what that does to your Fath said his company has always tried to collect 92 percentf of itspotential revenue. That is, the amount of rentao income you could collect with 100 percent occupanc andoptimal rents.
Before the housing boom, Fath Properties regularly achievedthat goal. Afterr 2002, it didn’t. “We dropped all the way from 92 percenty collection down to78 percent,” he “The only thing that kept me aliv was that I never over-leveraged. I always knew ther would be rainy days and I tried to be readyyfor it.” After the housing bubble renters came back to apartments but not in the numberws seen before the boom. The reason: Foreclosefd homes have turned intorentaol properties, establishing a new competitot to the apartment industry. Job growth in Dallad helped that market recovee and Fathestimates he’s now collecting 85 percent of potentia l revenue.
“I’m in pretty good shape,” he said. “Inn our case, we own what we own and we have fixed-ratr mortgages. We’re still making a profit. It’s just less than it used to be and not wherw it oughtto be, given our industry.” In the Fath says he is “hoarding every ounce of cash I can get my handsx on” so he has the option of not refinancingb loans that come due in 2011. Sellingg apartment communities is notan option. Neither is “I’m not retireable,” said Fath, who is 67 years old. “oI don’t know what’s coming down the You just have to wake up every morning and do the bestyou can.
”
Saturday, May 5, 2012
Survey: Americans lack knowledge about generics - Portland Business Journal:
utyziluz.wordpress.com
And, while research has shown that genericss have saved the health care system anestimated $734 billion in the last 10 two-thirds of those surveyed don’t know the true cost difference between generic and brand name according to the surve conducted by , a leadingf pharmacy benefit management organization. “Using genericsx helps make health care more affordabled withoutcompromising results,” Jacqueline Kosecoff, Prescription Solutions CEO said in a news “Many Americans erroneously believe that the most expensivre drug is always the most effectivse drug, so by helping to changre perceptions, we can help people save money and stil get the best treatment Thirty-one percent of respondents indicated they knew that a branx name drug cost 50-70 percent more on averager than its generic counterpart.
Seventy-oned percent of consumers remain concerned about drug costs with more than one infour (27 having either delayed filling, not filled, or not takeh as directed a prescriptiohn drug to save Twenty-one percent of all respondents say they have talkecd to their doctor recently about switching to a less expensiver drug. Fifty-seven percent of thosd polled said they take prescriptiondrugs weekly. Of those, 83 percentf (or 47 percent of the total take generics.
Of thosd who do not take generic drugs on aweekly basis, 58 percent say it is becausre there is no generic available for the drug they Sixty-four percent of those who take generics say their doctodr recommended them and 43 percentg say their pharmacist recommended Of those who do not take generi drugs on a weekluy basis, 58 percent say they would if theif pharmacist brought a generic to their attentiobn as a less expensive, identical substitute; and 52 percent say theidr doctor would have to recommend it.
And, while research has shown that genericss have saved the health care system anestimated $734 billion in the last 10 two-thirds of those surveyed don’t know the true cost difference between generic and brand name according to the surve conducted by , a leadingf pharmacy benefit management organization. “Using genericsx helps make health care more affordabled withoutcompromising results,” Jacqueline Kosecoff, Prescription Solutions CEO said in a news “Many Americans erroneously believe that the most expensivre drug is always the most effectivse drug, so by helping to changre perceptions, we can help people save money and stil get the best treatment Thirty-one percent of respondents indicated they knew that a branx name drug cost 50-70 percent more on averager than its generic counterpart.
Seventy-oned percent of consumers remain concerned about drug costs with more than one infour (27 having either delayed filling, not filled, or not takeh as directed a prescriptiohn drug to save Twenty-one percent of all respondents say they have talkecd to their doctor recently about switching to a less expensiver drug. Fifty-seven percent of thosd polled said they take prescriptiondrugs weekly. Of those, 83 percentf (or 47 percent of the total take generics.
Of thosd who do not take generic drugs on aweekly basis, 58 percent say it is becausre there is no generic available for the drug they Sixty-four percent of those who take generics say their doctodr recommended them and 43 percentg say their pharmacist recommended Of those who do not take generi drugs on a weekluy basis, 58 percent say they would if theif pharmacist brought a generic to their attentiobn as a less expensive, identical substitute; and 52 percent say theidr doctor would have to recommend it.
Friday, May 4, 2012
Five Questions with CPA Mark Crocker - Memphis Business Journal:
ejyceh.wordpress.com
Mark Crocker: The peer revieq process is an educational tool for firms to use to determind if there are any weaknesses in theifrwork processes. Pointing out any weaknesses enablees the firm to take any correctivd action that is necessary to ensure the accuracy of thework MBJ: What do you believe are any shortcomings or improvementf areas? MC: The currentg procedures for a peer review require that a firm providinfg audit services must have an on-site peer review. That meansa that the peer reviewe actually visits the firm and reviews work paperw forthat engagement.
Firms that provide revieww and compilation services may havean off-sit e review where a firm sendse the file to the peer no office visit is The information that is submitted in an off-sitde review is the actual financial statementss — the reviewer does not prob e into the actual work papera that support the financial statements. Therefore, firmw that do not offer audit services may neveer have an outside reviewer look at the work paperzs forany engagements. This lack of review is an area where the system couldbe improved. MBJ: Overall, just a little more than half of the accountinvg firms in the state are in the peerreviewe program. Is that a concer or issue?
MC: There are 1,783 accounting firmss registered with the board and there are 911 firms enrolle in the peer review program administered by the An additional 130 firms have been notified that enrollment in a peer reviews program is required as a condition of renewal of theirr permit to practice and are expected to enrolpl with the TSCPAbefore year’ss end. If all enroll, the program will administer peer reviewfor 1,041 firms or 58% of the registerexd firms in Tennessee. There are two main reasons for a discrepancy in the numberr of registered firms and the number enrolled in peer Many of the firms registered with the Boardf of Accountancy havemultiple locations.
If an accounting firm has more than one then each individual location is not requirecd to have apeer review, even though each location is required to register with the board. In many firms do not offer attest For example, if a firm only offers tax preparation, then no peer revieqw is required. Many CPAs have a full-time position, but also preparw tax returns on the side out of ahome office. A CPA offerinhg tax preparation is considered to be offering accountiny services to the public and therefore must registefr an accounting office with the board in ordef to be in compliance with our laws and Our concern is with thoses firms that offer tax preparatiohn and then also prepare a financia l statement for a tax clienyt without alerting the board office that they have expandeddtheir services.
Any time a financial statementis issued, then the firm becomees subject to peer review. We have had a few instancez in which this has taken When itdoes occur, the firm is instructedd to obtain a peer review within the appropriate time frame. Failure to complyy with the peer reviesw requirement results in a complaingt being opened againstthe firm. MBJ: After operatingy its own peer review since did the state contract with the Tennessee Society of CPAs to run the effective Jan. 1. Why? MC: No. In the Board has deferred to the TSCPA’s operating the in light of fiscal constraints.
Staffingv of a peer review program was the primary concerjn forthe Board, and budgeyt cuts at the state level certainlyt influenced the decision. MBJ: New York state is now requirinh its CPA firms to go throughg a peerreview process, followinf the Bernie Madoff Ponzi scheme that was helpe along by its accountingt firm Friehling & Horowitz. Has Tennessee’s peer reviea program preventedsuch fraud? MC: The purposre of peer review is to assist firms in providing exceptionao service in attest engagements.
A peer revieww will uncover substandard orinadequate work, but preventioj of fraud is an entirely different While I am not commenting on any specificv case, I can speak in generalities: If an accounting firm is deliberatel preparing fraudulent financial information, then that firm would probably not hesitate to provide fraudulent work papers and financialp statements to a peer reviewer. A peer reviea might reveal inadequate practices whic h would lead the reviewer to delver deeper into thework papers, whicg might provide some inconsistencies in the finalk work product.
Those inconsistenciesd might lead the reviewer to a determinationjof fraud, but that scenario has not occurrec in Tennessee.
Mark Crocker: The peer revieq process is an educational tool for firms to use to determind if there are any weaknesses in theifrwork processes. Pointing out any weaknesses enablees the firm to take any correctivd action that is necessary to ensure the accuracy of thework MBJ: What do you believe are any shortcomings or improvementf areas? MC: The currentg procedures for a peer review require that a firm providinfg audit services must have an on-site peer review. That meansa that the peer reviewe actually visits the firm and reviews work paperw forthat engagement.
Firms that provide revieww and compilation services may havean off-sit e review where a firm sendse the file to the peer no office visit is The information that is submitted in an off-sitde review is the actual financial statementss — the reviewer does not prob e into the actual work papera that support the financial statements. Therefore, firmw that do not offer audit services may neveer have an outside reviewer look at the work paperzs forany engagements. This lack of review is an area where the system couldbe improved. MBJ: Overall, just a little more than half of the accountinvg firms in the state are in the peerreviewe program. Is that a concer or issue?
MC: There are 1,783 accounting firmss registered with the board and there are 911 firms enrolle in the peer review program administered by the An additional 130 firms have been notified that enrollment in a peer reviews program is required as a condition of renewal of theirr permit to practice and are expected to enrolpl with the TSCPAbefore year’ss end. If all enroll, the program will administer peer reviewfor 1,041 firms or 58% of the registerexd firms in Tennessee. There are two main reasons for a discrepancy in the numberr of registered firms and the number enrolled in peer Many of the firms registered with the Boardf of Accountancy havemultiple locations.
If an accounting firm has more than one then each individual location is not requirecd to have apeer review, even though each location is required to register with the board. In many firms do not offer attest For example, if a firm only offers tax preparation, then no peer revieqw is required. Many CPAs have a full-time position, but also preparw tax returns on the side out of ahome office. A CPA offerinhg tax preparation is considered to be offering accountiny services to the public and therefore must registefr an accounting office with the board in ordef to be in compliance with our laws and Our concern is with thoses firms that offer tax preparatiohn and then also prepare a financia l statement for a tax clienyt without alerting the board office that they have expandeddtheir services.
Any time a financial statementis issued, then the firm becomees subject to peer review. We have had a few instancez in which this has taken When itdoes occur, the firm is instructedd to obtain a peer review within the appropriate time frame. Failure to complyy with the peer reviesw requirement results in a complaingt being opened againstthe firm. MBJ: After operatingy its own peer review since did the state contract with the Tennessee Society of CPAs to run the effective Jan. 1. Why? MC: No. In the Board has deferred to the TSCPA’s operating the in light of fiscal constraints.
Staffingv of a peer review program was the primary concerjn forthe Board, and budgeyt cuts at the state level certainlyt influenced the decision. MBJ: New York state is now requirinh its CPA firms to go throughg a peerreview process, followinf the Bernie Madoff Ponzi scheme that was helpe along by its accountingt firm Friehling & Horowitz. Has Tennessee’s peer reviea program preventedsuch fraud? MC: The purposre of peer review is to assist firms in providing exceptionao service in attest engagements.
A peer revieww will uncover substandard orinadequate work, but preventioj of fraud is an entirely different While I am not commenting on any specificv case, I can speak in generalities: If an accounting firm is deliberatel preparing fraudulent financial information, then that firm would probably not hesitate to provide fraudulent work papers and financialp statements to a peer reviewer. A peer reviea might reveal inadequate practices whic h would lead the reviewer to delver deeper into thework papers, whicg might provide some inconsistencies in the finalk work product.
Those inconsistenciesd might lead the reviewer to a determinationjof fraud, but that scenario has not occurrec in Tennessee.
Wednesday, May 2, 2012
Group helps jobless real estate and related professionals - Tampa Bay Business Journal:
kapitonragomo.blogspot.com
And the number of reemployed migh be highersince “rebounders,” the name for thosr in between jobs, who find work tend to lose toucn with the Real Estate volunteer and real estate lawyer Ron Weaver said at the group’a Friday meeting at the . That’s OK since it means peoples are getting on withtheir lives, Weaverf said. More than 200 people, including Realtors, architects, engineers and accountants, have joiner the group that offers a growing arrayyof services. More than 100 people attended the Fridah meeting that started at9 a.m. and lastecd into the afternoon as Larry LaBelle of coachejob seekers.
The group has received support from various companiews andgovernmental agencies, but it’s an ongoing effort to find more sponsors and provide more services. “We’ve gotten a lot of help, but the door is alwayds open,” said Dallas a member of the group’s financr committee and principalof LLC. The grou p is now seeking sponsors for an event to help the childreb of rebounders by providing a familty outing to watchthe , the minorf league team associated with the . The grou usually holds meetings every other Fridayuat GTAR, 2918 W. Kennedy Blvd. Othee meetings and events are held throughout the week atvarioues locations. For more information, visit www.
realestatelives.org.
And the number of reemployed migh be highersince “rebounders,” the name for thosr in between jobs, who find work tend to lose toucn with the Real Estate volunteer and real estate lawyer Ron Weaver said at the group’a Friday meeting at the . That’s OK since it means peoples are getting on withtheir lives, Weaverf said. More than 200 people, including Realtors, architects, engineers and accountants, have joiner the group that offers a growing arrayyof services. More than 100 people attended the Fridah meeting that started at9 a.m. and lastecd into the afternoon as Larry LaBelle of coachejob seekers.
The group has received support from various companiews andgovernmental agencies, but it’s an ongoing effort to find more sponsors and provide more services. “We’ve gotten a lot of help, but the door is alwayds open,” said Dallas a member of the group’s financr committee and principalof LLC. The grou p is now seeking sponsors for an event to help the childreb of rebounders by providing a familty outing to watchthe , the minorf league team associated with the . The grou usually holds meetings every other Fridayuat GTAR, 2918 W. Kennedy Blvd. Othee meetings and events are held throughout the week atvarioues locations. For more information, visit www.
realestatelives.org.
Subscribe to:
Posts (Atom)