Wednesday, February 16, 2011
On the menu: Chipotle opening Clifton Park restaurant - Phoenix Business Journal:
in the shopping mall, latet this year. The Tex-Mex chaib will move into new space in thevacangt Steinbach’s department store. The mall’s owner, , is rebuilding the formef department store to accommodate 10 to 15 individualo storefrontsin 40,000 to 45,000 squarde feet of leasable space. The Clifton Park Chipotled is scheduled to openin early- to mid-December, company spokeswoman Katherine Newell Smith said. Like the recently openec Wilton Chipotle and another plannecfor Latham, the Clifton Park location will incorporate such elementxs as high-efficiency heating and cooling, low-energy lighting and specially coated Denver, Colo.
-based Chipotle opened up its first Capital Regionb location—and upstate New York’s first—in April, at 3057 Router 50 in Wilton, a town about 15 milee north of Clifton Park. Both townd are located in Saratoga The company’s second Capital Regionb restaurant is scheduled to open in Latham in at the intersection of Wade Road and Routd 7 in Latham. The averages per-person check is $8 to $9. Entrees typically run between $6 and $7, according to the company’z Web site.
The redesign of the former Steinbach’sd space will be similar to the changed DCG made to other sectionsd of the enclosed mall a couple of years ago to createw storefronts that shoppers can access directly from theparking lot.
Sunday, February 13, 2011
14,000 join ranks of Cincinnati poor since 2007 - Business Courier of Cincinnati:
Missy Jackson is among At 54 years old, she has supporter herself since highschool graduation. Jackson spent 11 year s in the health care industry and anotherd 26 years at local working her way up to management positions before going to work for HHA Servicesat . She was therr for less than a year when she got laidoff Dec. 2. She lost her seconsd job, a part-time position at Value later that same month when thechaim closed. So after a lifetime goinv from one job to the next for bettere pay andadvancement opportunities, Jackson is struggling. “I lost a lost a car,” she said. “It’ss a good thing I don’t have a pet, becausee one of us wouldn’t eat.
” Jackson is far from alone. It’d tough to know exactly how many peopl are living in povertg now who were financially secure ayear ago. But based on the risinyg unemployment rate and the growing numbefr of people seekinggovernment it’s in the thousands. In fact, researchedr Jeff Rexhausen estimates that the Greaterr Cincinnati region has as manyas 14,00p more people in poverty than it did in 2007. Back Census data indicated a regional poverty rateof 11.4 or 236,477 people. He “noodled” his estimate baserd on a 3.5 percent declin in the number of employed peoplre and a 6 percent statewide increase in Medicaid enrolleeas sinceDecember 2007.
Those two figures track fairly clossewith poverty, so it’s reasonabler to conclude that poverthy increased between 3 percent and 6 percent since the recession began, said Rexhausen, associate director of UC’s Economics Center for Educationb and Research. Whatever the government and private support systems are being with no evidence the burden will easeanytime soon. Hamilton County alone has had an 18 percenyt increase in foodstamp recipients, with 95,589 in March 2009 compared to 81,319 in Marchg 2008, according to the county’ss . Just the number of people walking throughh thecounty agency’s door has grown.
In March 2009, 55,968 people went through the agency’s lobby. That’s up 24 percenrt from the same monthlast year. The county doesn’f know exactly how many of those peopleare “neqw poor.” But county officialzs did take a random sampl of food stamp applications and sorted througyh them by hand. They founsd that 35 percent of those applicants had either never been on food stamps or had not receivecd food stamps for at least five saidBrian Gregg, a spokesman for the More demand for food, jobs And it’s not just demansd for public assistance that’s on the rise.
In the four yearss that John Young has been president of foodpantrh , he’s seen increases in demandd each year. He attributed that to a structural change inthe economy. As manufacturing jobs have he’s seen more people who have lost jobs from that sectoeseeking help. But now that shift is touchinfg many more segments ofthe economy, and the numberxs keep growing. The Freestore Foodbank has seen a 27 percen increase in beneficiaries at its Liberty Street locatiojn alone sinceApril 2008.
And from March 2008 through March 2009, has seen a 41 percent increase in the number of people lookingtfor jobs, said Nicole Ware, the job placement and retention agency’w director of marketing and communituy relations. That’s one of the placez Missy Jackson wentfor help. “Ever y job fair you hit, the linew get longer,” Jackson said. “There’ss more people looking for a jobevery day.
” Shannon Brotherto n is running out of options in after a back injury forced her to stop carrying mail for the in Januaryu and her common-law husband, Damon Smith, was laid off by last “We had enough money to last for two We thought that was pretty said Brotherton, whose four childre range in age from 5 to 16. She estimatesd Smith has applied for more than50 jobs, with no He’s building decks and catchiny handy-man work when he can. “We just can’ty believe he’s gone this long without a Brotherton said. “The mortgage is due and I have no way ofpaying it. We borrowedx last month’s from his father.
The Freestoree paid my electric billthis month. We were tryingf to do a loan modification. If I miss a they won’t do it.”
Friday, February 11, 2011
Enforcement Directorate joins 2G probe - NDTV.com
Enforcement Directorate joins 2G probe NDTV.com The Enforcement Directorate is now zeroing in on two companies that were awarded contracts by BSNL for broadband wireless. NDTV has learnt that Malaysia ... |
Tuesday, February 8, 2011
SunTrust to raise $1.4 billion in stock offer - Atlanta Business Chronicle:
billion through a stock offeringf to boost its capital to meet federallgovernment requirements, the Atlanta-based bank said The Atlanta-based bank wants to sell 108 million sharesw at $13 a share. In relation to the SunTrust (NYSE: STI) suspended its previously announced $1.25 billion “at the offer, which raised $260 million. Further, SunTrust began an offee to buy upto $1 billion liquidation preferencw or amount of certain of its currently outstandingf preferred and hybrid securities for cash usin proceeds from the $1.4 billion equity offering. The movesw come after the federal government’s “strese test” found SunTrust needed to raise $2.2 billion in capital.
And whilw SunTrust had sufficient tier 1 capital to absorbb projectedloan losses, its capital “tilted too to sources other than common equity, the stresds test revealed. After completing the offeringsz announced Mondayand prior, SunTrusf expects to have fully satisfiedx its obligation. "Today's announcement underscores that we are on a cleart path to achieve our previously announcecd capital objectives as we intensify our focux onthe future," said James M.
Wellsx III, SunTrust chairman and CEO, in a Wells also noted completion ofthe company'ds capital-related initiatives will boosf its ability to repay, upon regulatorh approval and at the appropriate time, preferrex stock gotten through participation in the U.S. Treasury's Capitapl Purchase Plan.
Sunday, February 6, 2011
Family Outings: Schubert Club Museum visit strikes right chord - Pioneer Press
Family Outings: Schubert Club Museum visit strikes right chord Pioneer Press Alex Aikoriegie, 11, plays a hanging gong and a kenong, part of the Indonesian gamelan, at the Schubert Club Museum at the Landmark Center in downtown St. ... |
Thursday, February 3, 2011
ARRA
Secretary of Labor Hilda L. Solise announced the grants at a press conference this morninyg from thein Memphis. “Emergingb green jobs are creating opportunities for workeres to enter careers that offer good wagesa and pathwaysto long-term job growtuh and prosperity,” said Solis. “Workers receiving traininyg through projects funded by these competitions will be at the forefrontt as our nation transforms the way wegenerats electricity, manufacture products and do business across a wide rangr of industries.” Four of the grant programs are designed to traijn workers through national, state and communituy outlets.
$100 million will go to the Energy Training Partnership to directlyh train and place workers ingreen jobs. $150 million, for the Pathwaysd Out of Poverty program, will be speny to provide training programsfor “targetg populations” to help them prepare for and get greenb jobs. $190 million, the largest line item in the ARRA greennjobs initiative, will be spent on State Energy Sector Partnerships and Training. This program will be used to form andimplemen comprehensive, statewide energy sector strategies. Also, $5 million will be spent on training programs toprovide entry-level training for “targeted that will lead to career pathways in greenh industries.
The fifth competitiohn grant, for State Labor Market Informatiohn Improvement, will fund state work forcer agenciesto collect, analyze and disseminate labord market information. On her visit, Soli also toured the solar panel production She also visited inWest Ark., and the University Place publixc housing site on Crump.
Tuesday, February 1, 2011
Wolverhampton Wanderers rope in Jamie O'Hara on loan - bettor.com (blog)
The Guardian | Wolverhampton Wanderers rope in Jamie O'Hara on loan bettor.com (blog) Tottenham Hotspur midfielder Jamie O'Hara has joined Wolverhampton Wanderers on loan for the remainder of the 2010-11 season. The 24-year-old was present in ... Jamie O'Hara aims to boost Wolves' survival fight Jamie O'Hara: Wolverhampton Loan Wolves confirm Jamie O'Hara loan signing from Tottenham Hotspur |