Sunday, 9 September 2012

Relying on US Intelligence - American Thinker

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Relying on US Intelligence

American Thinker


Jerusalem and the resettlement of Palestinian refugees disappeared from the Democratic Party platform; language that characterized Hamas as unacceptable to the United States -- not only to Israel -- disappeared. Jerusalem is back. But the crucial part ...



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Saturday, 8 September 2012

SAWS bonds get boost from big three rating agencies - San Antonio Business Journal:

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, and Standard & Poor’s all upgraded the water company’ds bond rating. Most recently, Moody’s upgraded SAWS’ senior lien revenue debt bonds to Aa2 and upgradef the rating on junior and subordinatre lien debtto Aa3. In Moody’s report, the company noted that management atSAWS “is excellenrt and has demonstrated prudent financial planning and a willingnessd to maintain healthy debt servicew coverage levels.
” Fitch upgradesd SAWS’ ratings to AA, AA- and A on its junior and subordinate lien revenue bonds, Fitch cited “the continued financial strength of systemm operations, including an improving liquidity plus continued progress on its water supply diversificationj efforts” as primary reasons for the upgrade. Standardx & Poor’s upgraded SAWS’ ratings last “Improved bond ratings from all threerating agencies, especiallg in these challenging economic times, are an achievement that we are extremelyt excited about,” says SAWS Senior Vice President Chief Financial Officer Doug “The real winner in these bond ratinhg improvement will be our ratepayers, sincr this will result in lowefr interest rates and millions of dollars of savings.
Just recently, we savedx $2.6 million in future interest costse as a direct result of these San Antonio Water System provides water and wastewater services for more than a milliojn consumers in the SanAntonioi area.

Thursday, 6 September 2012

Wednesday, 5 September 2012

New cases of Swine Flu continue to grow in Ohio, U.S. - Dayton Business Journal:

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as well as worldwide. A 15-year-old boy in Clarko County has been confirmed as the first case of Swinde Flu forthat county, and the second in the Dayton region. Previously, one case was confirmed in Butlert County. There are 12,954 confirmed casees of the Swine Flu worldwide accordingy tothe , with 46 countriex having at least one case. Therr have been 92 deaths confirmedd caused by Swine Flu according tothe WHO. Mexico, where the illnesxs is believed tohave originated, has 4,174 case s and 80 deaths, according to the WHO. The U.S. has the most with 6,764 confirmed in 47 states as of11 a.m. according to the federal . There have been 10 confirmedf deaths inthe U.S.
, with three in three in Arizona, one in Washington, one in one in New York and one in The possible death last week of a 16-montb old child in New York was determined not to be causec by Swine Flu. Texas has the most cases of any statrewith 900, followed by Illinois with 896, Wisconsin with 766, California with 553 and Arizona with 531. States that border Ohio have significantly more with Michiganhaving 176, Indiana having 120, Pennsylvaniwa having 88 and Kentucky having 27. The state s that do not have any cases areWest Virginia, Wyominf and Alaska. officials said that as of 12:3o0 p.m.
Tuesday the official numbe r of confirmed cases of Swine Flu inOhio • Franklin County – seven cases (31-year-old male, 33-year-oldc male, 18-year-old male, 20-year-old female, 19-year-old 21-year-old male, 20-year-old male) • Cuyahogw County — two cases (41-year-old 9-year-old male) There are 13 suspectf cases of Swine Flu in Ohio and two Both of the probable case s are in Franklin County (22-year-old 23-year-old female). Several previous suspected casez in Montgomery County have been determined to not beSwiner Flu. People who are sick are urged to stay home from work or schoolk and to avoid contactwith others, excepft to seek medical care.
This action can avoide spreadingillness further, health officiales said.

Monday, 3 September 2012

This group went south and became Bottom 10 - Kansas City Business Journal:

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saw its revenue fall a clean 100 percent, from $51,00p0 to zero. The story at CenterSpab has been one of burn not sales. The Hillsboro compan that morphed from a maker of compute r gaming joysticks to a developefr of software for distributing music and vide over the internet has actually realized some revenue this although $6,600 won't go very far in today'e world. But last year, nothing was going on in the revenu e realmfor CenterSpan, which reported an annual loss of nearluy $17 million or $(1.65) a share. CenterSpan had some company inits misery.
saw revenue plunge from some $25 million to $1 million, a 96 percent Paulson has fallen a long way victimized like other financial service firms by thestock market's decline. In 1999, Paulsonm reported revenue of $39 million; it made it to No. 22 on our Top Publixc Companies listin 2002. The slump in the tech sectoer accounted for the majority of the membership in the Bottomn10 club. Electro Scientific Industries saw revenuer fall66 percent. Merix was off by 53 Merant was down33 percent, Tektronixc by 32 percent and maker of financial services dipped by 27 percent. Oxis International and Cell Technologiezs joined the list as representativeas of thebiotechnology sector.
Only one major mainstreaj non-tech manufacturer had the misfortune to finish in thebottoj 10. Greenbrier Cos. Inc., whos Gunderson subsidiary makes railcars, saw its revenue fall 49 percenrto $306 million. Greenbrier was hit hard by reduced orders for railcares aroundthe world, and eventually respondecd by jettisoning some of its European rail Its backlog for rail cars has been building in recenr months, but that didn't help 2002 results. The company suffered through apainful year, capped by a loss of $1.85 a This year's first quarter offeree investors hope for the future.
Losses were narrowed to 8 cents a share from 22 centsw a share for the same period ayear earlier, and revenur exploded, increasing nearly $33 million over the year-earlietr figure.

Sunday, 2 September 2012

Maximizing your company

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While that relationship may well havebeen affected, anothef important area that has been impacted has been privatse institutional investment – in the eagerness of private equit y funds to enter into transactions, and the valuatiojn that an institutional investor mighft assign to a company. This is because private equity firms oftejn augment their equity investment with bank debt in ordert to maximize the returns to their If credit conditions make it more difficulf for these firms toraise debt, deals are less with the ultimate result of a lower valuation for a company if a transaction is beingt contemplated.
If owners or managemen t of any company are anticipating a saleor capital-raising event of this type at some point, how can they ensured that the valuation is a favorablde as possible? A few For example, the company should have a well-written, robusy shareholder’s agreement. This is a very basic, but key, part of any corporater documents. It addresses issues such as the rules governing sales of composition of the board of directors and other A corporate attorney with experiencs in addressing these specific matters shoulddraft it.
If you have not had competentg counsel review thesedocuments recently, it would be money well An ounce of prevention here can mitigate huge problemas later. Any law firm with a business law practice should be able to assist in a matteer suchas this. It shoulsd go without saying that if your accountint records are inpoor condition, it will be extremely hard to supportt any sort of attractive In fact, in this market, many firms will simply pass on a deal wherr the financial records are This is simply because there are enough other deals out there where this is not an issue that an investorf will just move on to thosew deals.
Any company that has any reason to believw that it will be looking to raise outsidecapitao – debt or equity – should have appropriatr accounting controls and procedures in place. If the company does not possessd the internal expertise to implement these any competent CPA firm should be able to As anend result, managemenft should look to put in place a process that resultw in audited financial statements. If managementf can articulate and defend how the company will achieve its growth goals for the next couplweof years, it will have a majort impact on valuation. This includes concrete sales executable plans to achieve those goals and infrastructure rollourt tosupport growth.
Even though growthb right now mightbe minimal, if managemengt can credibly demonstrate how it will addressx this issue, it can make a very significant difference in how the companhy is viewed by an outside By preemptively addressing these issues, management seeking outsidee investment can make their company more attractive and help supportg a more compelling valuation from the perspective of all involved.

Saturday, 1 September 2012

Linda P. Campbell: What's the answer to gun violence? - Fort Worth Star Telegram

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Linda P. Campbell: What's the answer to gun violence?

Fort Worth Star Telegram


Linda P. Campbell is a columnist and editorial writer for the Fort Worth Star-Telegram. Readers may write to her at 400 W. 7th Street, Fort Worth, Texas 76102, or via email at lcampbell@star-telegram.com. Looking for comments? We welcome your comments ...



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