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percent temporary rate hike for small businesses and homes to cover higher energy pricezsthis summer. The power utility’s so-calleed “electric commodity adjustment” is intended to cover an expected $54.9 million in higher fuel and purchased-energy pricesx for the third quarterof 2009. Xcel said that a typica small-business customer using 1,025 kilowatt-hours a month wouldf see current bills increaseby $7.48i a month, to $101.83. A typical residentialo customer using625 kilowatt-hours a month would see a $4.567 increase, to $63.05. If approved by the , the rate hike wouldx take effect July 1 and continue forthree months.
Under utility rules, Xcel passes along energy cost increases or decreases to customers ona dollar-for-dollar basisa through the quarterly electric commodity adjustments. The new request is separate froma $112.2 million Xcel electric-rate hike alreadyy approved by the PUC that also takes effect July 1. That rate increase is to help the Minneapolis-basede utility (NYSE: XEL) recoul some $1.7 billion it’s spendinyg on generation, transmission and distributiojn upgradesfor Colorado.
Wednesday, June 29, 2011
Monday, June 27, 2011
Angels band together to seek life sciences - Silicon Valley / San Jose Business Journal:
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formally launched Thursday, backed by 15 Founded by senior life sciences executives and experienced angel investorsCaseyh McGlynn, Allan May and Greg Scott, Palo Alto-based LSA was formede exclusively to fund seed and early-stage biotech and medical device companies, it LSA will target investments rangin g between $250,000 and $1 milliohn and work with a limitedf set of angel groups, venture capitalistxs and select outside investors to syndicate earlyg stage opportunities requiring larger investments, the companu says. LSA's founding sponsors are ; Silicojn Valley Bank (NASDAQ: SIVB) and Additional sponsors include Genentech, Inc.
( : DNA); Jeffrieas Broadview; Merrill Corporation; ; the Centient Biotech Investor; the ; BC Tech, Inc.; Horn Murdock Cole; and . "We set out to buil d a team that represented the top tier technologyg and service providers to the biotech and medical device industries and are pleasedthat we've been able to do just says Allan May, chairmam of LSA, in a written
formally launched Thursday, backed by 15 Founded by senior life sciences executives and experienced angel investorsCaseyh McGlynn, Allan May and Greg Scott, Palo Alto-based LSA was formede exclusively to fund seed and early-stage biotech and medical device companies, it LSA will target investments rangin g between $250,000 and $1 milliohn and work with a limitedf set of angel groups, venture capitalistxs and select outside investors to syndicate earlyg stage opportunities requiring larger investments, the companu says. LSA's founding sponsors are ; Silicojn Valley Bank (NASDAQ: SIVB) and Additional sponsors include Genentech, Inc.
( : DNA); Jeffrieas Broadview; Merrill Corporation; ; the Centient Biotech Investor; the ; BC Tech, Inc.; Horn Murdock Cole; and . "We set out to buil d a team that represented the top tier technologyg and service providers to the biotech and medical device industries and are pleasedthat we've been able to do just says Allan May, chairmam of LSA, in a written
Saturday, June 25, 2011
AG: No state case against Pleau in Main death - Woonsocket Call
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AG: No state case against Pleau in Main death Woonsocket Call WOONSOCKET – A day after the governor vowed to protect accused killer Jason Wayne Pleau from a possible federal death penalty by holding him for prosecution on state charges, the attorney general released this bit of news: there are no state charges. ... |
Thursday, June 23, 2011
Nikkei slips but output recovery hopes lift car, steel sectors - Reuters
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Xinhua | Nikkei slips but output recovery hopes lift car, steel sectors Reuters TOKYO, June 23 (Reuters) - The Nikkei average fell on Thursday after the Federal Reserve offered no hint of further easing monetary policy, though gains in car manufacturers and steelmakers on the back of hopes for production recovery ... Nikkei hits 3-week high on Greek vote, hopes for Bernanke remarks Nikkei climbs 1.79 pct. on eased Greece fears, US hopes |
Monday, June 20, 2011
USAA plans first-ever off-campus retail financial centers in San Antonio - Silicon Valley / San Jose Business Journal:
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The new centers, slated to open duringt the fourth quarter, are a pilogt project being launched locally to provide USAA members and potentiall members a new venue of servicr andmore convenience. These centers mark the first time that USAA will provides service locations away from its corporate with the goal of attractingmore business. F. Davide Bohne, president of , says the new centers will not replace any of the services the companyalready provides. they will provide the personalized, face-to-facs service that members want for some productsand “I think our biggestg thing at USAA has always been about the choice and meeting our members’ needs,” Bohns says.
The average size of the financial centerw willbe 2,700 square feet. They will includd Internet workstations, deposit ATMs, on-sits wealth managers, videophone booths with document exchange capabilities and spac e for small group seminarsand webinars. The videophone bootha are designed to providw memberswith real-time, face-to-face access to a USAA Bohne says USAA is using technology as a way to keep operatingg costs down, while at the same time offerinvg its members an additionalk service option. Brad Wells, a vice presidenty of eBusinessfor USAA, says the company is excitede about the new locations, whicyh it hopes will make members feel more at ease and do more busines with USAA. “...
Member satisfaction goes up when you see the Wells says, adding that the new locations and the technology incorporateds in them allow USAA to leverage a low-cost way of doingf business while giving members the personalization that they’re desiring. “We know there’ss demand for that.” Apart from the videophones, the interneyt workstations will give members access to servicesvia USAA’s Web site as well as allow them to make checkl deposits. The deposit ATMs will be availablwe for cash or check deposits and cash wealth management services will be provided membersby appointment. Bohne stresses that the new retaip locations will not be traditionalbank branches.
members will be able to use the locations to take care oftheie insurance, wealth planning and othe financial services needs. Thougjh the branches are slated to open onthe city’as far Northeast and Northwest Sides, no exac t sites have yet been selected. Bohn says it’s been a challenge for the companyg to find property in the parts of town where USAA wantsthe “One of the things we’ve seen is that our competitore have done a lot of homeworkk and they’ve been doing branches for a long We haven’t been. So, they have tied up a lot of the good real he says.
“We’re putting up two and we want to make surethat we’re gettin a good return on the two locations that we choose. So, we are takin g our time and being a little choos on whatwe get.” Bohne says USAA pickerd San Antonio as the testing site for the launch of the new locations becaused the Alamo City is its home The ultimate goal, Bohne adds, will be to eventuallty open retail financial locations in strategi spots across the country in areasd that have high concentrations of military personnel as well as good Membership feedback, he adds, will dictate where USAA puts thesse new locations.
The new centers, slated to open duringt the fourth quarter, are a pilogt project being launched locally to provide USAA members and potentiall members a new venue of servicr andmore convenience. These centers mark the first time that USAA will provides service locations away from its corporate with the goal of attractingmore business. F. Davide Bohne, president of , says the new centers will not replace any of the services the companyalready provides. they will provide the personalized, face-to-facs service that members want for some productsand “I think our biggestg thing at USAA has always been about the choice and meeting our members’ needs,” Bohns says.
The average size of the financial centerw willbe 2,700 square feet. They will includd Internet workstations, deposit ATMs, on-sits wealth managers, videophone booths with document exchange capabilities and spac e for small group seminarsand webinars. The videophone bootha are designed to providw memberswith real-time, face-to-face access to a USAA Bohne says USAA is using technology as a way to keep operatingg costs down, while at the same time offerinvg its members an additionalk service option. Brad Wells, a vice presidenty of eBusinessfor USAA, says the company is excitede about the new locations, whicyh it hopes will make members feel more at ease and do more busines with USAA. “...
Member satisfaction goes up when you see the Wells says, adding that the new locations and the technology incorporateds in them allow USAA to leverage a low-cost way of doingf business while giving members the personalization that they’re desiring. “We know there’ss demand for that.” Apart from the videophones, the interneyt workstations will give members access to servicesvia USAA’s Web site as well as allow them to make checkl deposits. The deposit ATMs will be availablwe for cash or check deposits and cash wealth management services will be provided membersby appointment. Bohne stresses that the new retaip locations will not be traditionalbank branches.
members will be able to use the locations to take care oftheie insurance, wealth planning and othe financial services needs. Thougjh the branches are slated to open onthe city’as far Northeast and Northwest Sides, no exac t sites have yet been selected. Bohn says it’s been a challenge for the companyg to find property in the parts of town where USAA wantsthe “One of the things we’ve seen is that our competitore have done a lot of homeworkk and they’ve been doing branches for a long We haven’t been. So, they have tied up a lot of the good real he says.
“We’re putting up two and we want to make surethat we’re gettin a good return on the two locations that we choose. So, we are takin g our time and being a little choos on whatwe get.” Bohne says USAA pickerd San Antonio as the testing site for the launch of the new locations becaused the Alamo City is its home The ultimate goal, Bohne adds, will be to eventuallty open retail financial locations in strategi spots across the country in areasd that have high concentrations of military personnel as well as good Membership feedback, he adds, will dictate where USAA puts thesse new locations.
Saturday, June 18, 2011
Wkly Tech Analysis: Bears to dominate below 5460 - Business Standard
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The Hindu | Wkly Tech Analysis: Bears to dominate below 5460 Business Standard The markets grinded lower amid weak global cues and a fresh interest rate rise by the Reserve Bank of India. The key benchmark indices broke some key support levels and are poised tantalisingly at crucial support levels. The Sensex touched a high of ... Minor r » |
Thursday, June 16, 2011
S. Fla. hotel occupancy dips in 2008 - Business First of Columbus:
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A study of nationwide hotel trendx released this week by Smith Travel Researc showsthat tri-county hotels saw modest declines in occupancg from 2007 to 2008. when it came to average daily Miami actually hadslight increases. Year over full-service Miami-Dade hotels saw occupancy fall to 70 percent in 2008from 71.8 percen in 2007. Limited-service hotels slipped to 72.6 percent in 2008 from 73.8 percenr in 2007. Smith Travel Researcy defines full-service hotels as those in upscale orluxury range. They typically have a bell service andmeeting space. Limited-servicee hotels are those that only offer rooms and fall inthe class.
While other destinations suffered, Miami-Dadr remained relatively flat thanks to its stronhinternational business, said Ginny Gutierrez, directod of community relations for the Greateer Miami Convention & Visitors While both domestic busineszs and leisure travel suffered in the fourtgh quarter of last with the U.S. economic crisis, international business remainedf steady, she said. Occupancy numbers mightf have been better ifMiami hadn’t seen so many new roomzs became available in the second half of the Gutierrez added. The Fontainebleau and Eden Roc alone made thousands of newroomd available. Full-service Broward hotel occupancy fellto 65.9 percent in 2008 from 66.
6 percentt in 2007 Limited-service hotels fell to 65.5 percen t in 2008 from 67.9 percentg in 2007. In Palm Beach County, full-service hotel occupanct fell to 63.6 percent in 2008 from 66.7 percent in 2007. Limited-servicde hotels went to 58.7 percentf from 61.6 percent – a drop of 4.8 percent, the largestg slide in the region on a percentage Jorge Pesquera, president and CEO of the Palm Beachu County Convention & Visitors said the area saw the largest dropas due to a calculated pullback from corporate travelers. Thougb Palm Beach County has a diverse mix of it has to fightr the perception that it is only for the he said.
“The combination of the economty and the AIG effect has been nasty to us forsome time,” he said, referring to populisyt outrage at executives of the failer financial company. “The corporate world has becomwevery tentative, very shy about goinv to upscale resorts for fear of an imagw backlash.” Nationwide, full-service hotels reported an average occupancy rate of 67.4 percent in 2008. That declined 2.6 percenrt from 2007. The average daily rate charges for a roomat Miami’se full-service hotels rose to $182.78 in 2008 from $181.3 in 2007, a 0.8 percent Limited-service was up to $109.13 from $108.85. The most expensivd average daily rate in 2008was $187.
1p at Palm Beach full-service hotels. But, that slipped 1.3 percent from 2007. Limitedc service was down a half percent. Broward’s limited-service hotelz saw the biggest percentage decline in ratezto $92.64 in 2008 from $96.24 in down 3.7 percent. Full-service Broward hotels dropped 1.4 percent. “We are kind of trappeed in a downspiraling of saidNicki Grossman, president and CEO of the Greater Fort Lauderdales Convention & Visitors Bureau. “Part of that is that ratesa have gone up over the past few yearzso high, so While it’s hard to predict, Broward’ds limited-service sector may bounce back faster than the she said.
The reason: over the last few Broward has seen the most robust growt in demandfor limited-service rooms for passengers going on cruisex and discount group-rate business. Nationwide, the averag daily rate was $164.31 in down from $166.69 in 2007. Gutierrez said she was cautiously optimistic that the worst is over for While occupancy declined in May compared to the same time last the rate of decline was no worss thanin April. For months, the declines had been getting worse, she said. “It’s an indication that we’vwe probably hit bottom,” she “What we are seeinbg is some stability now.
”
A study of nationwide hotel trendx released this week by Smith Travel Researc showsthat tri-county hotels saw modest declines in occupancg from 2007 to 2008. when it came to average daily Miami actually hadslight increases. Year over full-service Miami-Dade hotels saw occupancy fall to 70 percent in 2008from 71.8 percen in 2007. Limited-service hotels slipped to 72.6 percent in 2008 from 73.8 percenr in 2007. Smith Travel Researcy defines full-service hotels as those in upscale orluxury range. They typically have a bell service andmeeting space. Limited-servicee hotels are those that only offer rooms and fall inthe class.
While other destinations suffered, Miami-Dadr remained relatively flat thanks to its stronhinternational business, said Ginny Gutierrez, directod of community relations for the Greateer Miami Convention & Visitors While both domestic busineszs and leisure travel suffered in the fourtgh quarter of last with the U.S. economic crisis, international business remainedf steady, she said. Occupancy numbers mightf have been better ifMiami hadn’t seen so many new roomzs became available in the second half of the Gutierrez added. The Fontainebleau and Eden Roc alone made thousands of newroomd available. Full-service Broward hotel occupancy fellto 65.9 percent in 2008 from 66.
6 percentt in 2007 Limited-service hotels fell to 65.5 percen t in 2008 from 67.9 percentg in 2007. In Palm Beach County, full-service hotel occupanct fell to 63.6 percent in 2008 from 66.7 percent in 2007. Limited-servicde hotels went to 58.7 percentf from 61.6 percent – a drop of 4.8 percent, the largestg slide in the region on a percentage Jorge Pesquera, president and CEO of the Palm Beachu County Convention & Visitors said the area saw the largest dropas due to a calculated pullback from corporate travelers. Thougb Palm Beach County has a diverse mix of it has to fightr the perception that it is only for the he said.
“The combination of the economty and the AIG effect has been nasty to us forsome time,” he said, referring to populisyt outrage at executives of the failer financial company. “The corporate world has becomwevery tentative, very shy about goinv to upscale resorts for fear of an imagw backlash.” Nationwide, full-service hotels reported an average occupancy rate of 67.4 percent in 2008. That declined 2.6 percenrt from 2007. The average daily rate charges for a roomat Miami’se full-service hotels rose to $182.78 in 2008 from $181.3 in 2007, a 0.8 percent Limited-service was up to $109.13 from $108.85. The most expensivd average daily rate in 2008was $187.
1p at Palm Beach full-service hotels. But, that slipped 1.3 percent from 2007. Limitedc service was down a half percent. Broward’s limited-service hotelz saw the biggest percentage decline in ratezto $92.64 in 2008 from $96.24 in down 3.7 percent. Full-service Broward hotels dropped 1.4 percent. “We are kind of trappeed in a downspiraling of saidNicki Grossman, president and CEO of the Greater Fort Lauderdales Convention & Visitors Bureau. “Part of that is that ratesa have gone up over the past few yearzso high, so While it’s hard to predict, Broward’ds limited-service sector may bounce back faster than the she said.
The reason: over the last few Broward has seen the most robust growt in demandfor limited-service rooms for passengers going on cruisex and discount group-rate business. Nationwide, the averag daily rate was $164.31 in down from $166.69 in 2007. Gutierrez said she was cautiously optimistic that the worst is over for While occupancy declined in May compared to the same time last the rate of decline was no worss thanin April. For months, the declines had been getting worse, she said. “It’s an indication that we’vwe probably hit bottom,” she “What we are seeinbg is some stability now.
”
Monday, June 13, 2011
First state construction stimulus project lands in Bay Area - San Francisco Business Times:
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The work, along Interstate 80 in Fairfield between State Route 12 and Air Base will create more than 200 said Gov. Arnold The job involves repavinga 50-year-olfd section of Interstate 80 used by nearly 200,000p drivers daily. Funded fully by the American Recoveryg andReinvestment Act, the job is being overseejn by a Bay Area company. Top Grade Constructionm of Livermore was the lowest bid submitted at nearly 40 percentt belowthe ’s cost The job is expected to be completed by the end of this year and cost $13.5t million.
By the end of April, the will have authorizex the expenditure ofnearly $850 million in federakl economic stimulus funds to California for transportatio n projects, the governor said. Californiqa officials estimate the state will receivenearlgy $2.6 billion from the stimulus act for highways and local streetsw and $1 billion for transit projects. Discretionary programws could addanother $300 milliomn and California expects to be very competitive in securing a portioh of $8 billion set asidr nationally for high-speed rail and intercituy rail.
The work, along Interstate 80 in Fairfield between State Route 12 and Air Base will create more than 200 said Gov. Arnold The job involves repavinga 50-year-olfd section of Interstate 80 used by nearly 200,000p drivers daily. Funded fully by the American Recoveryg andReinvestment Act, the job is being overseejn by a Bay Area company. Top Grade Constructionm of Livermore was the lowest bid submitted at nearly 40 percentt belowthe ’s cost The job is expected to be completed by the end of this year and cost $13.5t million.
By the end of April, the will have authorizex the expenditure ofnearly $850 million in federakl economic stimulus funds to California for transportatio n projects, the governor said. Californiqa officials estimate the state will receivenearlgy $2.6 billion from the stimulus act for highways and local streetsw and $1 billion for transit projects. Discretionary programws could addanother $300 milliomn and California expects to be very competitive in securing a portioh of $8 billion set asidr nationally for high-speed rail and intercituy rail.
Saturday, June 11, 2011
Japan's Yosano says economy to improve from autumn - Reuters
wilhelminadora4287.blogspot.com
Japan's Yosano says economy to improve from autumn Reuters TOKYO (Reuters) - Japan's economy will improve from around autumn this year, Economics Minister Kaoru Yosano said on Friday, citing recent positive economic indicators such as numbers on service sector sentiment. ... Japan Econ Min Yosano: Government Should Not Ask BOJ To Underwrite JGBs In Any ... |
Thursday, June 9, 2011
Ex-Gates McDonald worker indicted in alleged BWC fraud - Business First of Columbus:
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State Attorney General Richard Cordray said a Franklin County grand jury has indicted Christine Lynn once a quality assurance managerat , a subsidiart of Columbus-based She is charged with a countt each of tampering with records and telecommunications Blair is scheduled to be arraigned April 29. Nationwidde said in a statemenr that it is aware of the indictmenty and has cooperated with authorities in theongoinyg investigation. "Until the BWC and AG's office advis that the matteris closed, we remain cognizant of the investigation and respectfulo of the confidentiality of thes proceedings," the company said.
The indictment came about two yeards after the Bureauof Workers’ Compensation questioned the accuracy of some data Gated McDonald submitted, sparking an investigation. Cordray said investigatoras alleged that Blair directed her staff to misrepresentt data detailing the length of time befored injured workers returned to workfollowint on-the-job accidents. Investigators alleged Blai was directing workers overa two-yeaer period to report same-day work returns. Such quick returnzs to work, investigators say, affect incentive payments the bureau makesz to companies such asGates McDonald.
The data also factof into a report cardfor managed-care organizations that businessexs use to determine which company to use. “Employer selecting a managed-care organization need accurated information and the data on which to base the importany decision of who will care for workersd injured onthe job,” Tom director of the bureau’s special investigationzs department, said in a release.
State Attorney General Richard Cordray said a Franklin County grand jury has indicted Christine Lynn once a quality assurance managerat , a subsidiart of Columbus-based She is charged with a countt each of tampering with records and telecommunications Blair is scheduled to be arraigned April 29. Nationwidde said in a statemenr that it is aware of the indictmenty and has cooperated with authorities in theongoinyg investigation. "Until the BWC and AG's office advis that the matteris closed, we remain cognizant of the investigation and respectfulo of the confidentiality of thes proceedings," the company said.
The indictment came about two yeards after the Bureauof Workers’ Compensation questioned the accuracy of some data Gated McDonald submitted, sparking an investigation. Cordray said investigatoras alleged that Blair directed her staff to misrepresentt data detailing the length of time befored injured workers returned to workfollowint on-the-job accidents. Investigators alleged Blai was directing workers overa two-yeaer period to report same-day work returns. Such quick returnzs to work, investigators say, affect incentive payments the bureau makesz to companies such asGates McDonald.
The data also factof into a report cardfor managed-care organizations that businessexs use to determine which company to use. “Employer selecting a managed-care organization need accurated information and the data on which to base the importany decision of who will care for workersd injured onthe job,” Tom director of the bureau’s special investigationzs department, said in a release.
Tuesday, June 7, 2011
Children
http://rhce-linux.net/bbl0074.html
million to to fund research in therapiesw like bone marrow and cord blood The gift from DoloresJordan — on behalf of her late husbaned and brother-in-law — will help the researcb center create an endowed chair for a stem cell researcher whilw establishing the and Cellular Therapiee Research. That could help compete for money from the the state’s taxpayer-backed stem cell researcyh funding agency — as well as othetr government agencies and private Bone marrow and cord blood transplantations are used to treaty a variety of including leukemia and sickle cell Future cellular therapy researcnh at Children’s may focus on treatmentes for diabetes, lung injury, Crohn’s diseass and brain damage caused by oxygen shortagew during childbirth, said Dr.
Bert Lubin, the center’s seniot vice president. “Fund-raisers often talk about ‘transformative’ gifts and sometimes exaggerate the importance of aparticulad gift. In this case, it is no exaggeration to say that the Jordan familg gift is truly transformativee for the research prograkat Children’s,” said Brad Children’s chief development officer, in a preszs release. Dolores Jordan’s husband, Hanabulp “Bud” Jordan, owned a Hayward construction andhis brother, Lowell, ran the family’ s cattle ranch in Dublin. The sale of the Jordanh family’s ranch funded the gift.
The familyg previously donated morethan $420,000 to Children’s Hospitao programs, including 1999 and 2000 gifts for the hospital’a blood and marrow transplant program.
million to to fund research in therapiesw like bone marrow and cord blood The gift from DoloresJordan — on behalf of her late husbaned and brother-in-law — will help the researcb center create an endowed chair for a stem cell researcher whilw establishing the and Cellular Therapiee Research. That could help compete for money from the the state’s taxpayer-backed stem cell researcyh funding agency — as well as othetr government agencies and private Bone marrow and cord blood transplantations are used to treaty a variety of including leukemia and sickle cell Future cellular therapy researcnh at Children’s may focus on treatmentes for diabetes, lung injury, Crohn’s diseass and brain damage caused by oxygen shortagew during childbirth, said Dr.
Bert Lubin, the center’s seniot vice president. “Fund-raisers often talk about ‘transformative’ gifts and sometimes exaggerate the importance of aparticulad gift. In this case, it is no exaggeration to say that the Jordan familg gift is truly transformativee for the research prograkat Children’s,” said Brad Children’s chief development officer, in a preszs release. Dolores Jordan’s husband, Hanabulp “Bud” Jordan, owned a Hayward construction andhis brother, Lowell, ran the family’ s cattle ranch in Dublin. The sale of the Jordanh family’s ranch funded the gift.
The familyg previously donated morethan $420,000 to Children’s Hospitao programs, including 1999 and 2000 gifts for the hospital’a blood and marrow transplant program.
Saturday, June 4, 2011
Southwest traffic down in June - Phoenix Business Journal:
hegenefipa.blogspot.com
Dallas-based (NYSE:LUV) said it flew 6.73 billio n revenue passenger milesin June, down from 6.88 billiojn in the same period a year ago. Revenur passenger miles, which measure one payin passenger flown per is the official measure of airline traffic. The airline’s capacity fell 4 percen in June while itsload factor, or percentag e of seats filled, grew more than a percentagde point to 79.5 percent. Southwest in the first half of the year saw traffid drop 2 percentto 36.6 billion revenue passengetr miles from 37.4 billionh last year.
The which carried about 28 percenyt of all Port Columbus passengersthrough May, also said it is sellin g one-way tickets for as low as $30, $60 and $90, dependinyg on how far customersx are traveling. The fares are availables through 11:59 p.m. on Wednesday and are possible for flights booked for travel in the periosd runningfrom Sept. 9 to Nov. 18. Click for more
Dallas-based (NYSE:LUV) said it flew 6.73 billio n revenue passenger milesin June, down from 6.88 billiojn in the same period a year ago. Revenur passenger miles, which measure one payin passenger flown per is the official measure of airline traffic. The airline’s capacity fell 4 percen in June while itsload factor, or percentag e of seats filled, grew more than a percentagde point to 79.5 percent. Southwest in the first half of the year saw traffid drop 2 percentto 36.6 billion revenue passengetr miles from 37.4 billionh last year.
The which carried about 28 percenyt of all Port Columbus passengersthrough May, also said it is sellin g one-way tickets for as low as $30, $60 and $90, dependinyg on how far customersx are traveling. The fares are availables through 11:59 p.m. on Wednesday and are possible for flights booked for travel in the periosd runningfrom Sept. 9 to Nov. 18. Click for more
Thursday, June 2, 2011
For contract attorneys, benefits outweigh the drawbacks - Philadelphia Business Journal:
hyperwave-exhausted.blogspot.com
These three local lawyers are "contracrt attorneys," key players in a legal outsourcing trend that has been around at leasf sincethe mid-1980s, when legal staffing firmws launched in California, New York and Contract attorneys make up a $1.5 billion legal temp industryu of people who provide counseol for firms and corporations on a temporary, per-project basis, accordinv to figures reported by , a Los Altos, Calif.-basecd temporary work force research firm.
Contracy attorneys typically don't receive benefits or career development opportunities from the firm thathiree them, and some report encountering negative however lawyers on this nontraditional career path say that its benefitxs outweigh its drawbacks. Reynolds, for instance, began working as a contracgt attorneyin 1993, when the mother of two realized she needef to slow down from her "full-throttle" "One evening, after leaving work early to pick up an ailinb infant, I worked at my kitchen table, and turned the baby in my arms slightlyg so he'd retch on the floor, and not on the papers on which I was working," she recalled.
It wasn' a proud moment, she said, but it helper her realize that "something had to give." Contract work gave Reynolde not onlymore flexibility, but also the opportunityy to get her feet wet in areas new to her, like On the downside, Reynolds said, "there is still the hint of concern among some employerw that a contract attorney is the proverbial 'jack-of-all-trades, master of none' or a bit of a gadfly." In January, Reynolds ' contract position at , a recruitment and retentiohn firm in Wayne, turned full time, and she acceptedc the post. "It worked really said Kenexa General CounselCynthia Dixon, about the experience.
Dixon's legal team now comprisezs three full-time lawyers and two contracf attorneys. Mitchell of Palmyra, Burlington County, supplementeds her private practice for three years doinyg contract work forNew York-basec firms Cravath Swaine & Moore, and Sullivanm & Cromwell before joining a Philadelphi firm. "Because projects vary in length from shorr term tolong term, it is very easy to augmentg my income with contract attorney projectas if I manage my time correctly," she said. The contractt work allows her more control over her she said.
"I feel a highere level of personal satisfaction that I have not enjoyee elsewhere because my life does not revolve aroundbillabld hours," she said. Typically, contract attorneys gravitatestoward part-time work because of personak needs or professional desires: parente juggling family or re-entering the work private practitioners seeking a breadth of attorneys in transition caused by marketplacd changes; retirees; and law professors with practics experience. But attorneys interviewed for this articlee acknowledge that contract attorneys sometimes encounter industry derisioh and the assumption that they do contract work becausre they areunemployable elsewhere.
"Although I've never been overtly mistreaterd on any projectthat I've worked on, there is often a generao sense that is communicated to us very covertlg that we are professionally and/ot intellectually inferior to the associates hiredx in a more traditional fashion," Mitchell While some legal staffing agencies function merelg as brokers between attorneys and the firms that want to hire many try to ensurw that contract attorneys are well-placed and well-treated on the job. When Ronalybn K. Sisson created in 1995 in Fort Washingtobn it was the first agency of its kind in the area devotedf solely tocontract attorneys.
Oxford Legal offers its contractf attorneyshealth benefits, holiday pay, vacation pay and workers compensation. "We really do take care of Sisson said. "We follo a lot of the traditional employer-employee Corporations realizeconsiderable cost-savings in hiring a contrac attorney over an outside law firm to managde a project or handle routine legal matters, she One of Oxford's clientse estimated that it saved more than $3 milliob in one year in outside counsel fees throughb staffing with contract attorneys, she Robert J. Murphy Jr., co-founder of Assignerd Counsel Inc.
, a national placement firm basecdin Wayne, estimates that a contracft lawyer costs 35 percent to 40 percenf of the hourly rate of comparably skilled outside He said standard fees for a contract lawyefr were $50 to $60 per hour, with highlg experienced contract attorneys commanding between $100 and $250 per
These three local lawyers are "contracrt attorneys," key players in a legal outsourcing trend that has been around at leasf sincethe mid-1980s, when legal staffing firmws launched in California, New York and Contract attorneys make up a $1.5 billion legal temp industryu of people who provide counseol for firms and corporations on a temporary, per-project basis, accordinv to figures reported by , a Los Altos, Calif.-basecd temporary work force research firm.
Contracy attorneys typically don't receive benefits or career development opportunities from the firm thathiree them, and some report encountering negative however lawyers on this nontraditional career path say that its benefitxs outweigh its drawbacks. Reynolds, for instance, began working as a contracgt attorneyin 1993, when the mother of two realized she needef to slow down from her "full-throttle" "One evening, after leaving work early to pick up an ailinb infant, I worked at my kitchen table, and turned the baby in my arms slightlyg so he'd retch on the floor, and not on the papers on which I was working," she recalled.
It wasn' a proud moment, she said, but it helper her realize that "something had to give." Contract work gave Reynolde not onlymore flexibility, but also the opportunityy to get her feet wet in areas new to her, like On the downside, Reynolds said, "there is still the hint of concern among some employerw that a contract attorney is the proverbial 'jack-of-all-trades, master of none' or a bit of a gadfly." In January, Reynolds ' contract position at , a recruitment and retentiohn firm in Wayne, turned full time, and she acceptedc the post. "It worked really said Kenexa General CounselCynthia Dixon, about the experience.
Dixon's legal team now comprisezs three full-time lawyers and two contracf attorneys. Mitchell of Palmyra, Burlington County, supplementeds her private practice for three years doinyg contract work forNew York-basec firms Cravath Swaine & Moore, and Sullivanm & Cromwell before joining a Philadelphi firm. "Because projects vary in length from shorr term tolong term, it is very easy to augmentg my income with contract attorney projectas if I manage my time correctly," she said. The contractt work allows her more control over her she said.
"I feel a highere level of personal satisfaction that I have not enjoyee elsewhere because my life does not revolve aroundbillabld hours," she said. Typically, contract attorneys gravitatestoward part-time work because of personak needs or professional desires: parente juggling family or re-entering the work private practitioners seeking a breadth of attorneys in transition caused by marketplacd changes; retirees; and law professors with practics experience. But attorneys interviewed for this articlee acknowledge that contract attorneys sometimes encounter industry derisioh and the assumption that they do contract work becausre they areunemployable elsewhere.
"Although I've never been overtly mistreaterd on any projectthat I've worked on, there is often a generao sense that is communicated to us very covertlg that we are professionally and/ot intellectually inferior to the associates hiredx in a more traditional fashion," Mitchell While some legal staffing agencies function merelg as brokers between attorneys and the firms that want to hire many try to ensurw that contract attorneys are well-placed and well-treated on the job. When Ronalybn K. Sisson created in 1995 in Fort Washingtobn it was the first agency of its kind in the area devotedf solely tocontract attorneys.
Oxford Legal offers its contractf attorneyshealth benefits, holiday pay, vacation pay and workers compensation. "We really do take care of Sisson said. "We follo a lot of the traditional employer-employee Corporations realizeconsiderable cost-savings in hiring a contrac attorney over an outside law firm to managde a project or handle routine legal matters, she One of Oxford's clientse estimated that it saved more than $3 milliob in one year in outside counsel fees throughb staffing with contract attorneys, she Robert J. Murphy Jr., co-founder of Assignerd Counsel Inc.
, a national placement firm basecdin Wayne, estimates that a contracft lawyer costs 35 percent to 40 percenf of the hourly rate of comparably skilled outside He said standard fees for a contract lawyefr were $50 to $60 per hour, with highlg experienced contract attorneys commanding between $100 and $250 per
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