wilhelminadora4287.blogspot.com
The unfortunate headline of your storgy belies the seriousness of the situation in communitiess such as East Palo Alto or the Belld Haven neighborhood ofMenlo Park. The sheer volumes of vacant, blighted homexs there is threatening to destabilize these communities ifaction isn’tf taken quickly to prevent further devastation. We are saddened like so many other s by the number of local families who have losttheier homes. The magnitude of the problem is Yet itis Habitat’s hope to be part of the solutionj to the crisis, working with local city banks and other funding institutions.
While Habitat’ s new home construction will continue as part of its homeownership program for local working we believe our mission compels us to be part of the revitalization and renewalof at-risk communities as well — communities wherse Habitat has maintained long-standing partnerships. While Habitat is definitely not cheering, it is, as your articl e correctly points out, seeking a silver lining in theforeclosurer crisis.
Thursday, March 1, 2012
Monday, February 27, 2012
Failure Fridays: Ga. banking crisis may be gaining speed - Atlanta Business Chronicle:
http://www.murtoughsupply.com/2008/02/24/in-toledo-promises-of-change-ring-hollow/
The dual failures of Villa Rica-basesd a and Newnan-based (full stories on the click and ) are a first in the on-going bankiny crisis, and a departure from the FDIC’s early strateghy in this crisis. “They’re ramping up a littlde bit,” said Chip MacDonald, Atlanta-base banking attorney. “With their efforts to staft up, raise money for the deposit insurance fund througg the special assessments and the Iexpect they’ll try to resolve these fastefr throughout the remainder of the The national deposit insurer, which backstopas accounts to avoid customers pulling their moneyy from a bank and hasteniny its demise, previously avoided seizing two banks in the same metro area durinb this crisis.
The reason, industry insiders was to avoid the perception one geographic area was weaker than others in the Yet as the financial condition of Georgia bankes continueto weaken, industry analysts and experts said the velocity of Georgia’s bank failures would continue, if not As of first quarter 2009, the ratio of problem loans to total loans at state bankes reached a new high of 7.4 percent; nearly double the peak the statr reported during the Savings & Loan Crisis of the late 1980’ and early 1990’s. The ratio compares past due anddelinquentg loans, along with foreclosed real estatde repossessed by the to total loans outstanding.
The state has set new highxs for that figure in each quartetr dating back to the summer of when the credit crunch and financia l crisis began in Oneindustry attorney, who declined to be said the failures, and the acceleration, represent the worst banking crisisa in Georgia history. The industry term of “Failure — or the most common day when federalo and state regulators seize failedbanks — insiderse said, will become ubiquitous for some time.
“Thias is a perpetuation of what we’ve been talkin about for a while now,” said Brian an Atlanta-based managing director at LLP, who noteds Georgia banks have an imbalance betweenfewer customer, or core, deposits and more outstanding loans. “The numbers indicatew Georgia banks got way out overtheir skis. This was a greaf place to lend inthe boom, but now they’re paying the price,” Olasov said. president Joe Brannen said the seizuress are a difficult part of the natural economic cycle.
“Bankers and regulators make tremendouse efforts to keepinstitutions open, but in some unfortunate these actions are part of the necessary healinbg process for our banking system to ensurse overall stability,” Brannen Georgia’s failure woes began in earnest in Augustf 2008, when Alpharetta-based , once the state’ s fastest growing bank, , concentrated amongst a small grou p of borrowers. Ever since, the failures have followed an increasingluyfamiliar formula. Delinquent real estate borrowers, coupled with high levels of forecloseereal estate, equals failure.
The patterjn includes a high number onthe so-called Texase Ratio, an industry metric created in the 1980’zs to measure the health of lenders throughourt Texas. The ratio measures total problem loanw to totalequity capital, and is designeds to provide a rough measure of bank’sz problems to its ability to absorb them througj existing capital. In the ratio, 100 percent indicates problems are larger than availableequity capital. In most of the bank failures have reporterd a Texas Ratio in excess of 300 percent at the time of As of firstquarter 2009, 92 Georgia bankx reported a Texas Ratio higher than the statewide averagse of 58 percent.
In banks reported an average Texaz Ratio of72 percent, nearly 20 pointzs higher than the statewide figure. Each of the 11 banka with the highest Texas Ratios were based inmetrop Atlanta. Since March 31, the end of first quarter, three of those banks have been
The dual failures of Villa Rica-basesd a and Newnan-based (full stories on the click and ) are a first in the on-going bankiny crisis, and a departure from the FDIC’s early strateghy in this crisis. “They’re ramping up a littlde bit,” said Chip MacDonald, Atlanta-base banking attorney. “With their efforts to staft up, raise money for the deposit insurance fund througg the special assessments and the Iexpect they’ll try to resolve these fastefr throughout the remainder of the The national deposit insurer, which backstopas accounts to avoid customers pulling their moneyy from a bank and hasteniny its demise, previously avoided seizing two banks in the same metro area durinb this crisis.
The reason, industry insiders was to avoid the perception one geographic area was weaker than others in the Yet as the financial condition of Georgia bankes continueto weaken, industry analysts and experts said the velocity of Georgia’s bank failures would continue, if not As of first quarter 2009, the ratio of problem loans to total loans at state bankes reached a new high of 7.4 percent; nearly double the peak the statr reported during the Savings & Loan Crisis of the late 1980’ and early 1990’s. The ratio compares past due anddelinquentg loans, along with foreclosed real estatde repossessed by the to total loans outstanding.
The state has set new highxs for that figure in each quartetr dating back to the summer of when the credit crunch and financia l crisis began in Oneindustry attorney, who declined to be said the failures, and the acceleration, represent the worst banking crisisa in Georgia history. The industry term of “Failure — or the most common day when federalo and state regulators seize failedbanks — insiderse said, will become ubiquitous for some time.
“Thias is a perpetuation of what we’ve been talkin about for a while now,” said Brian an Atlanta-based managing director at LLP, who noteds Georgia banks have an imbalance betweenfewer customer, or core, deposits and more outstanding loans. “The numbers indicatew Georgia banks got way out overtheir skis. This was a greaf place to lend inthe boom, but now they’re paying the price,” Olasov said. president Joe Brannen said the seizuress are a difficult part of the natural economic cycle.
“Bankers and regulators make tremendouse efforts to keepinstitutions open, but in some unfortunate these actions are part of the necessary healinbg process for our banking system to ensurse overall stability,” Brannen Georgia’s failure woes began in earnest in Augustf 2008, when Alpharetta-based , once the state’ s fastest growing bank, , concentrated amongst a small grou p of borrowers. Ever since, the failures have followed an increasingluyfamiliar formula. Delinquent real estate borrowers, coupled with high levels of forecloseereal estate, equals failure.
The patterjn includes a high number onthe so-called Texase Ratio, an industry metric created in the 1980’zs to measure the health of lenders throughourt Texas. The ratio measures total problem loanw to totalequity capital, and is designeds to provide a rough measure of bank’sz problems to its ability to absorb them througj existing capital. In the ratio, 100 percent indicates problems are larger than availableequity capital. In most of the bank failures have reporterd a Texas Ratio in excess of 300 percent at the time of As of firstquarter 2009, 92 Georgia bankx reported a Texas Ratio higher than the statewide averagse of 58 percent.
In banks reported an average Texaz Ratio of72 percent, nearly 20 pointzs higher than the statewide figure. Each of the 11 banka with the highest Texas Ratios were based inmetrop Atlanta. Since March 31, the end of first quarter, three of those banks have been
Saturday, February 25, 2012
Austin's gross metro product up - Austin Business Journal:
http://fonsasociados.com/land-of-the-free.htm
percent from the fourth quarter of 2008 to the first quartedrof 2009, ranking it 2nd among the top 100 according to a new study. Liberalp think tank the Brookings Institution on Wednesday published its which tracks economic recession and recoverhy inthe nation’s largest metro areas. In additiom to gross metropolitan product, other areas covered by the stud include changes inemployment levels, unemployment rates, wages and housing prices. Austibn also posted a 0.5 percentf drop in employment--one of the more modest decreases amonggthe metros. Meanwhile, wages for employees increased 1.
4 percent betweenh the end of 2008 and firstr quarter of 2009 and housing pricesx ticked up an averageof 2.4 Brookings ranked San Antonio, Oklahoma Austin, Houston and Dallas as the top five metro area in the country in economic performance in the wake of the To read the complete study, .
percent from the fourth quarter of 2008 to the first quartedrof 2009, ranking it 2nd among the top 100 according to a new study. Liberalp think tank the Brookings Institution on Wednesday published its which tracks economic recession and recoverhy inthe nation’s largest metro areas. In additiom to gross metropolitan product, other areas covered by the stud include changes inemployment levels, unemployment rates, wages and housing prices. Austibn also posted a 0.5 percentf drop in employment--one of the more modest decreases amonggthe metros. Meanwhile, wages for employees increased 1.
4 percent betweenh the end of 2008 and firstr quarter of 2009 and housing pricesx ticked up an averageof 2.4 Brookings ranked San Antonio, Oklahoma Austin, Houston and Dallas as the top five metro area in the country in economic performance in the wake of the To read the complete study, .
Thursday, February 23, 2012
Traveling film project stops in ABQ - Atlanta Business Chronicle:
efimtsovavadan.blogspot.com
The Two-week Turnaround or T3 as its creatorscall it, will visit 14 citiews in seven months. It’s part of Filmblazer, a community of peoplew who love filmmaking. Founders Joshua J. Mills and Jamies Blankenship roll into a city for two weeks in theid RV with all their film equipment and proceedeto write, shoot and screen a short film in just two weeks. But the proceses is collaborative, so they invite widespreadx participation in each citythey visit. The Albuquerquew kick-off is June 2 at Studio Broadway, 1810 Broadway Ave. SE, at 7 p.m. More informatioj is available at theT3 .
The process is open to from actors and scripty writers to people who want to feed the massews duringthe two-week process or who have acceses to props or even a coffee The subject of each film is differengt for each city and is inspired by the resourcesa and locations available to the T3 team. The production obtainsd local sponsors in each city so that the work is a reflectionb of aparticular
The Two-week Turnaround or T3 as its creatorscall it, will visit 14 citiews in seven months. It’s part of Filmblazer, a community of peoplew who love filmmaking. Founders Joshua J. Mills and Jamies Blankenship roll into a city for two weeks in theid RV with all their film equipment and proceedeto write, shoot and screen a short film in just two weeks. But the proceses is collaborative, so they invite widespreadx participation in each citythey visit. The Albuquerquew kick-off is June 2 at Studio Broadway, 1810 Broadway Ave. SE, at 7 p.m. More informatioj is available at theT3 .
The process is open to from actors and scripty writers to people who want to feed the massews duringthe two-week process or who have acceses to props or even a coffee The subject of each film is differengt for each city and is inspired by the resourcesa and locations available to the T3 team. The production obtainsd local sponsors in each city so that the work is a reflectionb of aparticular
Tuesday, February 21, 2012
Adele takes female solo prize at Brit Awards - Seattle Post Intelligencer
steinberg-virus.blogspot.com
CTV.ca | Adele takes female solo prize at Brit Awards Seattle Post Intelligencer JILL LAWLESS, AP LONDON (AP) รข€" Soulful songstress Adele followed Grammy Awards triumph with a win at the UK's Brit music awards Tuesday, taking the prize for best British female artist at an energetic ceremony in London. Adele, who won six Grammys ... Adele named best female artist |
Sunday, February 19, 2012
RPCI, ex-Sabre intro room for kids - Business First of Buffalo:
vishnevskiipavuh.blogspot.com
The $355,000 Lion's Den is an interactivwe media and videoconferencing center that offers children and teena being treated at Roswella "safwe haven to become non-patients for a while," said Dr. Martij Brecher, who heads the pediatric "Number one, this provides them with a way to continue to connecr with friends and family and help them keep with more naturapl development had this illness not happeneedto them," Brecher said. Championed by LaFontaine's Companions in Courage Foundation, the Lion's Den at Roswelo is outfitted with flatscreehn TVs, Xbox 360 videko games and internet-ready computers.
Kids also will have the chancre to meet national celebrities and sportas heroes via videoconferencing arranged bythe LaFontaine'es foundation. There are now four Lion's Dens across New including one installed atWomen Children's Hospital of Buffall in 2005. At the room has become the keystone of a reconstructionb project that has created asingle outpatient/inpatient Pediatric Center to improvde services for patients and their The project was supported by fundsz raised through events benefiting Carly'sa Club for Kids and Cancer Researcn at Roswell Park. National corporate grantzs and in-kind gifts came from DuPont, Cisco Systems, Inc. and .
Local supporterss include the , , Capital Management Services L.P., Complete Fabricatiohn & Machine, PAETEC, Inc., , and the estatwe of Catherine Sheehan.
The $355,000 Lion's Den is an interactivwe media and videoconferencing center that offers children and teena being treated at Roswella "safwe haven to become non-patients for a while," said Dr. Martij Brecher, who heads the pediatric "Number one, this provides them with a way to continue to connecr with friends and family and help them keep with more naturapl development had this illness not happeneedto them," Brecher said. Championed by LaFontaine's Companions in Courage Foundation, the Lion's Den at Roswelo is outfitted with flatscreehn TVs, Xbox 360 videko games and internet-ready computers.
Kids also will have the chancre to meet national celebrities and sportas heroes via videoconferencing arranged bythe LaFontaine'es foundation. There are now four Lion's Dens across New including one installed atWomen Children's Hospital of Buffall in 2005. At the room has become the keystone of a reconstructionb project that has created asingle outpatient/inpatient Pediatric Center to improvde services for patients and their The project was supported by fundsz raised through events benefiting Carly'sa Club for Kids and Cancer Researcn at Roswell Park. National corporate grantzs and in-kind gifts came from DuPont, Cisco Systems, Inc. and .
Local supporterss include the , , Capital Management Services L.P., Complete Fabricatiohn & Machine, PAETEC, Inc., , and the estatwe of Catherine Sheehan.
Friday, February 17, 2012
Honda sales plunge 41% in May - Birmingham Business Journal:
soileauifyyfa1786.blogspot.com
’s American sales arm, , reported on Tuesda that the automakersold 98,344 vehicles nationwide in May. A year ago, demandf for fuel-efficient vehicles had sent Honda to a recorf month of salesat 167,997 vehicles. That represents a drop of 41 percentt from ayear ago, when prices at the pump were higher and the automobil e industry hadn’t yet hit crisis mode. Columbus Business Firsf reports monthly sales unadjusted for the differencesw in the number of selling days yearto Honda’s sales in May, taking into accounrt one fewer selling day last month, fell 39 Leading the decline in monthly sales for May was the company’s flagship division, which saw a 42 percenf drop in sales at 88,875 Its luxury Acura division saw sales fall 36 percenft to 9,469 vehicles.
Honda sales in the firsr five months of the year fell 34 percentto 430,358 vehicles, comparerd with 655,819 a year ago. That accounts for a 34 percent drop in Honda salesat 387,556 vehicles and a 35 percenr decline in Acura sales at 42,802. Marysville-based employs more than 12,000p workers at assembly and engine plants in and arounCentral Ohio, where they produce Hondaq Accords, Civics, CR-Vs, Elements and Acura TLs and
’s American sales arm, , reported on Tuesda that the automakersold 98,344 vehicles nationwide in May. A year ago, demandf for fuel-efficient vehicles had sent Honda to a recorf month of salesat 167,997 vehicles. That represents a drop of 41 percentt from ayear ago, when prices at the pump were higher and the automobil e industry hadn’t yet hit crisis mode. Columbus Business Firsf reports monthly sales unadjusted for the differencesw in the number of selling days yearto Honda’s sales in May, taking into accounrt one fewer selling day last month, fell 39 Leading the decline in monthly sales for May was the company’s flagship division, which saw a 42 percenf drop in sales at 88,875 Its luxury Acura division saw sales fall 36 percenft to 9,469 vehicles.
Honda sales in the firsr five months of the year fell 34 percentto 430,358 vehicles, comparerd with 655,819 a year ago. That accounts for a 34 percent drop in Honda salesat 387,556 vehicles and a 35 percenr decline in Acura sales at 42,802. Marysville-based employs more than 12,000p workers at assembly and engine plants in and arounCentral Ohio, where they produce Hondaq Accords, Civics, CR-Vs, Elements and Acura TLs and
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