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The Washington, D.C.-based think tank has begun analyzing the impactg of the recessionthroughout America’s metropolitan areas. In the first of a serie of quarterlyMetroMonitor reports, Brookings ranke San Antonio, Oklahoma City, Austin, Housto n and Dallas as the top five metro areaa in the country in economic performances in the wake of the recession. Brookingas ranked the top 100 metropolitan areas basec on six keyindicators — employment, unemploymenft rates, wages, gross metropolitan product, housing pricess and foreclosure rates. This initiall MetroMonitor report covers the first quarterof 2009.
The five worst metropolitahn areas in the country impacted bythe recession, in descendinbg order, are Jacksonville, Fla.; Lakeland, Fla.; Tampa, Fla.; Fla.; and Detroit. “All metropolitahn areas are feeling the effects ofthis recession, but the distresws is not shared equally,” says Alan Berube, researcu director of the Metropolitan Policyu Program at Brookings and co-author of the report.
“Whilw some areas of the countrhy have experienced only a shallow and may be emerging from the recession people living in metro areas that are now performing weakest economicallyg should prepare themselves for a long recovery Howard Wial, director of the Metropolitan Economy Initiative at Brookings and anothefr co-author of the report, argues that the report showsd that a national fiscal and monetary policy will not be enoughb for stimulating the economy. “Many areas will need targeted assistance, and since states have no fundw available, the federal governmen will have to step up to fillthe void.
” Concentrationd of industry activity have both helped and hurtw some regional economies durintg the recession. For example, metropolitan areas in statesz with specializations in energy and government employment suchas Texas, New Oklahoma, Arkansas and Louisiana — have largely been insulatede by the recession. However, metropolitan areas in statees like Michigan and Ohio that depend heavily on the automotivwe industry have been impacted by the downturnj inthe economy, the report shows. San Antonio is home to Randolphh AirForce Base, Fort Sam Houston, Lackland Air Force Base and Brookw City-Base.
The 2005 Base Realignment and Closurs decision alone is providing a significantf economic punch to theAlamo City’s economyu through the consolidation of high-paying militargy health care jobs and more than $2 billion worth of new construction activity. A separats report released by LLC outlining the impact of BRAC showed that Fort Sam Houstom alone would experiencea 11,500 increase of personnel. The Army post will also gain 7.9 millionh square feet of space. Construction activity due to BRAC alon e shouldcreate 46,000 construction jobs during the course of the building programs, the DiLuzio report showed.
понедельник, 13 июня 2011 г.
суббота, 11 июня 2011 г.
Munda authorised to talk to allies on Jamshedpur LS seat - IBNLive.com
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Munda authorised to talk to allies on Jamshedpur LS seat IBNLive.com PTI | 11:06 PM,Jun 10,2011 Ranchi, June 10 (PTI) With allies JMM and AJSU party claiming to contest the bypoll of Jamshedpur Lok Sabha seat on July 1, the BJP today authorised its leader and Chief Minister Arjun Munda to talk to ruling the two ... |
среда, 8 июня 2011 г.
Canucks Continue War of Words, Think Their Tougher Team Between Whistles - NESN.com
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Globe and Mail | Canucks Continue War of Words, Think Their Tougher Team Between Whistles NESN.com by NESN Video on Wed, Jun 8, 2011 at 5:00PM The Stanley Cup Final has been physical -- both during play and after the whistle. The Canucks, however, think that the Bruins have initiated the extracurricular activity and that they are the tougher, ... Plenty of animosity growing between the Vancouver Canucks and Boston Bruins Game Day: Add punch to power play, better discipline key for Canucks in Game 4 Stanley Cup finals Game 4: Keeping the ice and tempers cool |
понедельник, 6 июня 2011 г.
Weiner apologizes for lying, 'terrible mistakes,' refuses to resign - CNN
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Telegraph.co.uk | Weiner apologizes for lying, 'terrible mistakes,' refuses to resign CNN Anthony Weiner on Monday apologized for lying about the ordeal and admitting carrying on inappropriate relationships with several women he'd met online. Weiner, a New York Democrat, said he is not resigning his seat, nor is he planning on separating ... Rep. Weiner Admits Lying, Sending Lewd Photo, Inappropriate Conversations Anthony Weiner admits lying about online photos Rep. Weiner Admits Lying About Lewd Twitter Photo |
суббота, 4 июня 2011 г.
State taking applications for BadgerCare Plus - Portland Business Journal:
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The Core Plan is an expansion of BadgerCare Plus and provides accessx tothe state’s most chronicallu uninsured population – low-incom e adults without dependent children. “During this difficultt budget environment, it’s important we continur to protect ourbasic priorities,” Gov. Jim Doyl e said in a statement. “Today, we are making affordable health care achievable for people who traditionally have not had any The BadgerCare Plus Core Plan for Adults with No Dependent Children is a limited plan that covers basi c healthcare services, including primargy and preventive care and generi c drugs to low-income, chronically uninsured adults.
People who have been withoug health insurance for a year or or lost their health insurance through no fault of theid own and have alimited income, can applh online at: . Funding for the BadgerCar Plus Core Plan is provided through the hospital tax that was approved by the legislatur e and signed into law earlierthis
The Core Plan is an expansion of BadgerCare Plus and provides accessx tothe state’s most chronicallu uninsured population – low-incom e adults without dependent children. “During this difficultt budget environment, it’s important we continur to protect ourbasic priorities,” Gov. Jim Doyl e said in a statement. “Today, we are making affordable health care achievable for people who traditionally have not had any The BadgerCare Plus Core Plan for Adults with No Dependent Children is a limited plan that covers basi c healthcare services, including primargy and preventive care and generi c drugs to low-income, chronically uninsured adults.
People who have been withoug health insurance for a year or or lost their health insurance through no fault of theid own and have alimited income, can applh online at: . Funding for the BadgerCar Plus Core Plan is provided through the hospital tax that was approved by the legislatur e and signed into law earlierthis
четверг, 2 июня 2011 г.
Guaranty Bank: FDIC assistance needed for survival - Dallas Business Journal:
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Guaranty’s parent company, , stated that it is in discussionse with the FDIC and itsprimary regulator, the , for a plan wherer the FDIC would absorb a portion of the bank’ss losses while private investors provid e a “significant equity capital infusion.” Guaranty’x largest shareholders are Dallas billionaire Robertr Rowling and activist investor Carl Icahn, who controkl 20% and just more than 17% of the bank's common stock, respectively. Guaranthy is the fourth-largest independenf banking institution basedin Texas. It has 162 offices in Texax and Californiaand $11.6t billion in deposits, according to the latesgt data available.
"Guaranty Bank continues to work closelyg with its regulators to find a way said bank spokesman John Wessmahn in awritten statement. "Ww believe strongly that open bank assistance is in the best interesg ofour depositors, and that it meeta the standard of being the least costlg alternative for government regulators.” Bank representativess declined to comment further. It'sa not clear when the regulatorzs will respond or reactto Guaranty's At $14.4 billion in Guaranty Bank is bigger than the largestf bank that has failed so far this a distinction now held by FSB of Coral Fla. The bank had $12.8 billion in assets when it according tothe FDIC.
The bulk of BankUnited’xs good assets were sold in May to a private equitt investment group ledby W.L. Ross Co. and . Before that, BankUnite d had proposed an open assistance planto regulators, but word of that plan didn’tt become public until after BankUnitef failed. In laying out its options before shareholdersx and the public in a Securities and ExchangwCommission filing, Guaranty’s executives are showing what they’rew doing to keep the bank said Dan Bass, a banking analyst with “They’r putting all their cards on the he said.
Guaranty is suggesting a rare optiob — one the FDIC wouldx only use if it’s the least costluy way for the FDIC’s deposit insurancre fund to resolve Guaranty’s issues, according to the Guaranty is officially basedin Austin, but President Kevin Hanigan, CFO Ronal d Murff and Treasurer Stephen Raffaele work from its Dallaw business banking office in Preston More than bad loans, Guaranty invested heavily in mortgage-backed which today are worth much less than what the bank If Guaranty doesn’t receive FDIC assistance, it will have to mark down the valuew of its securities portfolio and related items by more than $1.
7 billion, the bank said in its regulatoryy filing. That would give the company a $2.2 billion annua loss in 2008 and less capital than it needs to continudein business. In early Aprill regulators ordered Guaranty to raise additional capital byMay 21. That deadline has passed. For 21 years, Guarantgy was been a subsidiaryof , a makerf of cardboard boxes and timbefr building supplies. Guaranty was spun out of Temple-Inlandc at the urging of Icahn. Temple-Inland (NYSE: TIN) completed the spinoff on Dec. 28, 2007, just as the excessess of the residential mortgage lending bubblwebecame apparent. Guaranty invested heavily in securities backed by mortgagees madein California.
It has not reported a quarterlyu profit since it becamdea stand-alone institution. Since its spinout from Temple Inland, Icahn and Rowling have invested heavily in In July, the duo invested an additionalp $600 million in Guaranty. They control 37 percent of Guaranty stock.
Guaranty’s parent company, , stated that it is in discussionse with the FDIC and itsprimary regulator, the , for a plan wherer the FDIC would absorb a portion of the bank’ss losses while private investors provid e a “significant equity capital infusion.” Guaranty’x largest shareholders are Dallas billionaire Robertr Rowling and activist investor Carl Icahn, who controkl 20% and just more than 17% of the bank's common stock, respectively. Guaranthy is the fourth-largest independenf banking institution basedin Texas. It has 162 offices in Texax and Californiaand $11.6t billion in deposits, according to the latesgt data available.
"Guaranty Bank continues to work closelyg with its regulators to find a way said bank spokesman John Wessmahn in awritten statement. "Ww believe strongly that open bank assistance is in the best interesg ofour depositors, and that it meeta the standard of being the least costlg alternative for government regulators.” Bank representativess declined to comment further. It'sa not clear when the regulatorzs will respond or reactto Guaranty's At $14.4 billion in Guaranty Bank is bigger than the largestf bank that has failed so far this a distinction now held by FSB of Coral Fla. The bank had $12.8 billion in assets when it according tothe FDIC.
The bulk of BankUnited’xs good assets were sold in May to a private equitt investment group ledby W.L. Ross Co. and . Before that, BankUnite d had proposed an open assistance planto regulators, but word of that plan didn’tt become public until after BankUnitef failed. In laying out its options before shareholdersx and the public in a Securities and ExchangwCommission filing, Guaranty’s executives are showing what they’rew doing to keep the bank said Dan Bass, a banking analyst with “They’r putting all their cards on the he said.
Guaranty is suggesting a rare optiob — one the FDIC wouldx only use if it’s the least costluy way for the FDIC’s deposit insurancre fund to resolve Guaranty’s issues, according to the Guaranty is officially basedin Austin, but President Kevin Hanigan, CFO Ronal d Murff and Treasurer Stephen Raffaele work from its Dallaw business banking office in Preston More than bad loans, Guaranty invested heavily in mortgage-backed which today are worth much less than what the bank If Guaranty doesn’t receive FDIC assistance, it will have to mark down the valuew of its securities portfolio and related items by more than $1.
7 billion, the bank said in its regulatoryy filing. That would give the company a $2.2 billion annua loss in 2008 and less capital than it needs to continudein business. In early Aprill regulators ordered Guaranty to raise additional capital byMay 21. That deadline has passed. For 21 years, Guarantgy was been a subsidiaryof , a makerf of cardboard boxes and timbefr building supplies. Guaranty was spun out of Temple-Inlandc at the urging of Icahn. Temple-Inland (NYSE: TIN) completed the spinoff on Dec. 28, 2007, just as the excessess of the residential mortgage lending bubblwebecame apparent. Guaranty invested heavily in securities backed by mortgagees madein California.
It has not reported a quarterlyu profit since it becamdea stand-alone institution. Since its spinout from Temple Inland, Icahn and Rowling have invested heavily in In July, the duo invested an additionalp $600 million in Guaranty. They control 37 percent of Guaranty stock.
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