Wednesday, February 15, 2012

Retailers, landlords offer more for less - Tampa Bay Business Journal:

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That’s how Whiskey Joe’s on Rocky Point is fillinbg its dining roommost days, said CEO Howard adding, “Our biggest problem is our parking lot isn’ big enough.” Bell contends sales at Whiskey Joe’s are up 25 percen since the waterfront restaurant, formerlyu known as Castaways, was renovated and renamed late last year. The original Whiskey Joe’s, owned by the Calif.
-based chain, closed years ago after sufferinghurricane “Despite the economy you can be successfuol in this market,” said Bell, echoing the sentiments of CEO Mike Some national retailers, including Circuit City and Linene ‘n Things, have shut down, while other retail companies, along with shoppinh center landlords, are struggling to survivew the recession. Centers across the country are cuttingg costs and shavingbusiness hours, includin g , one of the largest shopping center owners in the Westfield has three local malls — Westfielr Citrus Park, Westfield Brandon and Westfield Not all retailers are Discount retailers — including Wal-Mart, , Marshalls and Corp.
are growing market share at the expense of otherdepartmen stores. “There are discount storee cycles and departmentstore [full price offerings] cyclez in the retail business,” said broker Jim The industry is now in the midsgt of a discount store cycle, he said. Grove at Wesle y Chapel, an 800,000-square-foot center opened by in has mostlydiscount retailers, including a Dollar Its other discount tenants include TJ Ross Dress for Less, Dick’s Sporting , Babies “R” Us and Toys Us.
“To a number of Dollar Tree has a certain entertainment It has gotten a whole lot more fashionablre over last two or three years as theeconomhy declined,” Roberts said. “Everyone is trying to stretch theit budget.” Despite those national discount chains, many of the outparce l buildings remain vacantat Grove, and the therew is closing. Landlords squeeze d by closings, Rents Landlords are feeling the pinch as storesx close andrents decline. The closin g of big-box stores, such as Circuitf City, illustrates “the challenges facing our saidDavid Conn, EVP of the retailk services division at .
Conn, a longtimer Bay area broker, contends the region’s retailo market is among the hardest hit in the countrg due to the housing market high foreclosure rate andgrowing Conn’s assessment is supported by the 2009 retail marketf report released in late March. The Bay area was ranked No. 35 amongg 43 markets, according to the report. The area was only ahead of Detroit, Jacksonville, Cleveland, St. Cincinnati, Kansas City, Calif., and Tucson, Ariz. The Tampaq region’s retail vacancy rate is expected to see one of the largesf increases in the nationin 2009, hitting 10.3 states the report.
Pinellas is expected to fare bettet inthe mid-9 percent broker Patrick Berman contends the localo retail market was one of the firsf in the country to feel the pain of the housing collapse and it shoul be one of the firsg to rebound. Berman doesn’t thinl the region is farin as badly as theMarcua & Millichap report indicates. He thinks the area is more in the middle ofthe pack. East Pasco County, with its newer subdivision s andshopping centers, has been among the hardestg hit locally, the Marcus Millichap report states. The area saw fast growth as builderws put up houses and retail developmentws inthe boom. Today, empty new storefronts dot State Road 56 nearInterstates 75.
CBRE data showw that east Pasco’s vacancy rate was 10.3 percenrt at the end of 2008. Urban areasd with more residents and established subdivisions and shopping centeras in Hillsborough County alsoare hurting, but not as It’s still unclear what businesses will fill the locapl big-box locations vacated by Circuiy City and Linens ‘n Things.

Monday, February 13, 2012

Cancer researchers target $6 billion in federal budget - St. Louis Business Journal:

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billion budget boost the received as part of the federal stimulus bill passed in And now they have their eyeson $6 billion more in federak funds that could be devoted to cancer researchb as part of President Barack Obama’s proposede 2010 budget. “Increased funding for cancer is extraordinarily because over the last number of years the NIH had a relativelhyflat budget, which practically speaking is a relative decreasee because expenses keep going up,” said Dr.
Tim Eberlein, director of the at Barnes-Jewish Hospital and School of Since the additional NIH funds were Washington University has submitted about 500 additional grant of which about 30 percent to 40 perceny were focused on cancer research in some Eberlein said. Researchers at the have submitted grant applicationzs for anadditional $2.5 million in federal funding, according to Dr. Mark Varvares, director of the center. These grant which were due to the NIH at the end of deal with topics and diseases such asbreasty cancer, brain cancer, prostatee cancer, epidemiology and the link between religion and canced care.
Beyond cancer care, SLU as a wholde submitted 50 new grants vyingfor $33 million in stimulusa NIH funding. “I think it’s fantastic,” said Varvares, who also serves as chair of the department of head and neck surgery atthe . “Ther response throughout the research community at SaintLouiz U. was very robust. When researcherss understood the potential for additional funding that we had not they killed themselves to get theseapplications in. “kI expect we will see a similar response to the additionalk money from theObamza budget.
” Varvares said researchers are preparing applicationsa for more than $9 billion in additiona grants that could be availabl through the Obama budget proposal. Thesee grants, if received, will focud on topics such as varying aspects of both liver and breast including the interaction between breast cancer and SLU receivesabout $2.5 million in NIH funding for cancer researc annually, Varvares said. In 2007, SLU received a totaol of $20.9 million in NIH The American Recovery and Reinvestment Act waspassed Feb. 17, providin a $10.4 billion shot in the arm to the NIH’ds $29 billion budget.
Obama’s budget proposal, whichb was revealed in February, woulxd double the NIH’s cancer research with an additional $6 billion over the next eight years. Eberlein said the president’s proposa l “plays into the strengths of the SitemabCancer Center” because it woulde spread funding for cancer research throughout many of the institutes in the NIH instead of funnelingt it all through the , which typically leadsz the NIH’s cancer research. Siteman always has taken a broad view ofcancef research, partnering with other groupd within Washington University such as the and the , Eberlein “We’re sort of spreading our applications and Mr.
Obama is spreading aroundx his investments,” he said. “To have the expertises you need, you have to be very, very You can’t just focus on It’s helped us to strengthen our and it will really help us take advantagd of the strategy the presidentis using.” Sitemanj has an annual research budgetf of just under $150 million, Eberlein said. In Washington University as a wholereceivee $389 million in NIH funding. Obama made his commitment to cancer researcb clear throughout hispresidential campaign, publishintg the “Obama-Biden Plan to Combat as part of the campaign.
In a speecn to a joint session of Congressin February, Obamw vowed to seek “a cure for cancer in our Eberlein and Varvares are skeptical as to whethet finding an absolute cure for cancer is but both applauded the president’s “My suspicion is patientsw will generate new cancers all the time, and I don’rt know if we will be able to completely stop that,” Eberlein said “I do believe and agrer with the president that we will continue to be able to diagnoss earlier and provide better treatment.” Varvarexs said presidential calls for a cure for cancer go back to Richarx Nixon, who made a similar pledge in the ‘70s.
“Thay was 40 years ago, but the intentr is still so important,” he said. “We have learned so and if it weren’t for the big we wouldn’t be as far as we are now.”

Saturday, February 11, 2012

Major Gerhard Richter retrospective opens in Berlin as artist turns 80 - Washington Post

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Kansas City Star


Major Gerhard Richter retrospective opens in Berlin as artist turns 80

Washington Post


BERLIN â€" A major retrospective of leading German artist Gerhard Richter's work is opening in Berlin, days after his 80th birthday. The exhibition of some 130 paintings and five sculptures spanning five decades, titled “Gerhard Richter: Panorama ...


Gerhard Richter retrospective opens in Berlin

San Francisco Chronicle



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Thursday, February 9, 2012

ECB Keeps Rate at 1% as Focus Turns to Greek Debt Swap - Bloomberg

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Bloomberg


ECB Keeps Rate at 1% as Focus Turns to Greek Debt Swap

Bloomberg


Play Video Enlarge image ECB Keeps Rate at 1%, Focus Turns to Role in Greek Debt Swap ECB Keeps Rate at 1%, Focus Turns to Role in Greek Debt Swap Hannelore Foerster/Bloomberg ECB policy makers meeting in Frankfurt left the benchmark interest rate at a ...


ECB Keeps Rate at 1% as Focus Turns to Role in Greek Debt Swap

BusinessWeek


ECB Holds Rates at Record Low

Fox Business


ECB leaves key rate unchanged at 1 pct

Kansas City Star


Reuters -W »

Tuesday, February 7, 2012

Obama team returning money tied to casino owner - Boston.com

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Fox News


Obama team returning money tied to casino owner

Boston.com


By Ken Thomas AP / February 7, 2012 WASHINGTONâ€"President Barack Obama's campaign is returning about $200000 in contributions collected by family members of a Mexican casino owner who fled the US after facing drug and fraud charges.


Obama campaign returning $200 K in contributions connected to Mexico casino owner

Washington Post


Obama campaign returning funds tied to Mexican fugitive

Reuters



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Saturday, February 4, 2012

Second teacher arrested at LA school where Mark Berndt worked - Los Angeles Times

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Fox News


Second teacher arrested at LA school where Mark Berndt worked

Los Angeles Times


A second teacher at the Los Angeles Unified elementary school where Mark Berndt is charged with gagging, blindfolding and feeding semen to unsuspecting students was arrested Friday. The teacher was removed from Miramonte Elementary School in South LA ...


The arrest follows the case of Mark Berndt, charged with felony child ...

NBC San Diego


Second Miramonte Teacher Arrested for  »

Thursday, February 2, 2012

Manpower: 6% of Honolulu employers to hire in 3Q - Puget Sound Business Journal (Seattle):

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From July to September, 6 percent of the companiexs interviewed in the Honolulu metro area plan to hire more while 11 percent expect to reduce their according to the surveyfrom Milwaukee-based (NYSE: MAN). Seventy-eighgt percent expect to maintain their current stafc levels and 5 percent remain uncertain aboutrhiring plans. Hiring is expected to be a little lightee than in the second when 10 percent of companies surveyed planned to hire and 12 percen expected to cut said Manpower spokeswoman MaryLou Callahan. For the coming job prospects in the Honolulu area appear best in wholesal e and retail trade and leisureand hospitality.
Employerws in durable goods manufacturing, nondurable goods manufacturing, information, professionakl and business services, education and health serviceas and government intend tocut staffing. Hiring in transportation and utilities, financial activities and other service s is expected toremain unchanged. National survey resultxs showed little change from thesecond quarter. Of the more than 28,00o0 employers surveyed acrossthe country, 15 percent expecr to increase their staff levels durinh the third quarter, while 13 percen expect to reduce theire payrolls.
Sixty-seven percent expecf no change in hiring and 5 percentf are undecided abouttheir third-quarter hiring “The data shows continued hesitanc among employers,” said Jonas president of the Americas for Manpower. “Thety are treading slowly and watchinh withguarded optimism, hoping a few quarters of stability will be the precursor to the