11:38, 2010-Jul-30
SANTA FE, N.M., June 24 /PRNewswire/ -- A tax incentive for business owners that would avoid the looming commercial real estate loan crisis while creating 1.3 million jobs is detailed for the first time in a report released today.
"This report is the first to illustrate how dramatic job creation through limited energy efficiency tax incentives can prevent a meltdown in the commercial real estate market," said Edward Mazria, CEO of Architecture 2030, the leading building sector energy research organization. "Without a swift plan from Congress, the commercial real estate (CRE) crisis could cripple the economic recovery, raise unemployment, and lead to scores of small business and community and regional bank failures."
Mbt Shoes Mazria is a co-author of the report, titled "The Imminent Commercial Real Estate Crisis and The CRE Solution." The report, which recommends a three-year, tiered tax incentive tied to specific energy reduction targets, is being released at a critical time.
CRE transactions have dropped a staggering 90 percent since 2007. Between now and 2014, $1.4 trillion in CRE loans are coming due; more than half of these are currently underwater. Commercial property values have plummeted by more than 40 percent, and commercial vacancies rates continue to increase. By April, the construction industry had lost Replica Day-Date Men's Rolex Watch more than 2 million jobs, with another 35,000 jobs lost in May, mostly in the commercial building sector. Also, at the end of May, the FDIC reported that its "problem bank list" had grown from 702 to 775 since the end of the 2009 fourth quarter.
Congress can simultaneously address the looming CRE crisis and crippling construction unemployment through "The CRE Solution." This can be jumpstarted quickly by building upon the existing Energy Efficient Commercial Building Tax Deduction (26 U.S.C. 179(d)) from $1.80 per square foot to a range of $3 to $9 per square foot for new and existing commercial buildings meeting specific energy reduction targets.
For each $6 billion of deferred CRE revenue, for example, "The CRE Solution" would generate $73.4 billion in new private spending, $15.9 billion in new federal tax revenue, and $5.25 billion in state and local government tax revenue, according to the report findings.
The report concludes that "The CRE Solution" would:
Create 1.3 million jobs, quickly and cost-effectively
Decrease building sector energy consumption and greenhouse gas emissions
Increase after-tax cash flow and property values, and reduce loan defaults
Increase new CRE sales, desirability, and investment value
Generate billions of dollars in federal, state, and local revenue
The 14-page report can be viewed at
About Architecture 2030
Architecture 2030 is an independent, nonpartisan nonprofit research organization focused on achieving a dramatic reduction in energy consumption and greenhouse gas emissions in th
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11:38, 2010-Jul-30
BUSINESS people from across Tunbridge Wells joined Courier Media Group at the launch of a new glossy magazine.
Guests at the Hotel du Vin garden party enjoyed champagne and canapes with the team behind the town's new publication, Royal.
bags-M Commercial director Steve Lowe welcomed guests with a presentation before unveiling the first edition.
Harpist Margaret Watson set the scene while magician Richard Bellars entertained the crowd.
Idea Media consultant Gareth Owen said the idea for Royal came from the town's businesses.
He said: "Speaking to businesses about what they wanted from the Courier and how they wanted to be represented in a local magazine, they all said there was nothing out there that was meeting their needs - a magazine Cheap Jordan Shoes that would be distributed to the wealthy achievers in our area.
"They all wanted a high-end, quality magazine that was editorially and visually led which gave them an opportunity to talk about their businesses, rather than advertising.
"Royal allows the reader to gain an in-depth view of the business, what they do and their service."
Royal is distributed via targeted mailing and handdelivered to Replica Cartier Santos Watches selected households, with additional copies at exclusive businesses throughout Tunbridge Wells.
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12:08, 2010-Jul-30
THE Scarlets insist they have a 'proven leader' coming on board to replace departing chief executive Paul Sergeant.
As the dust settles on Sergeant's surprise exit after just 12 months in the region's hot seat, Scarlets chairman Huw Evans believes the appointment of Aberdare-born Mark Davies -- the former head of Honda Europe -- can continue to push the region forward after their financial struggles.
"In Mark we have a proven leader and business developer," said Evans. "He's a good communicator, has led businesses in the UK and Europe and has strong corporate marketing and sales experience working within a very competitive industry and a performance-driven business.
Omega Bags Replica "He's reached a point in his career when he clearly wanted to come back to his roots with his family and was keen to use his experience in a role that allowed him to have a valuable input back in Wales."
"I hope that over the past year I have brought in some initiatives that have helped turned the region around and pointed it in the right direction.
"This is a business that is on a journey and it's just beginning."
ROBERT LLOYD
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12:08, 2010-Jul-30
AMID the plethora of Stock Exchange announcements, it is highly unusual to see company executives stray from the formulaic and use language which might be considered ungentlemanly.
But Duncan Soukup, executive chairman of Renewable Power & Light, a one-time green energy company, kicks off today's update with: "To be blunt, Renewable Power & Light is a bugger's muddle."
Soukup and his friends took control of the board in May, having built up a 29.8% stake. Now he reveals what he has discovered: "The company's financial position and past history seem to be worse than shareholders had been led to believe. It would appear that, as is often the case when things go wrong, they have been left Replica Dewitt Watches nursing their losses whilst those who were supposed to be in charge have been paid handsomely and walked away unscathed."
He added: "We are working around the clock to establish who was responsible for the roughly $90 million (Pounds 59 million) of losses suffered by the company, which include legal fees in excess of $3.5 million spent Brass Brooch on litigation against the former chief executive."
That refers to David Lewis, who brought the company to AIM through a 70p-a-share placing in December 2006. He left just over a year later. RPL shares are at 1.38p.
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11:34, 2010-Jul-28
Immigration policy will be a hot-button topic when more than 20,000 participants gather for the 81st annual convention of the League of United Latin American Citizens in Albuquerque, N.M., July 12-17th at the convention center. The new immigration law enacted by neighboring Arizona will be a focal point, along with such issues as education, health care and diversity. This year's national conference theme, New Strategies for Community Empowerment: New Leadership through Action, will take on these pressing concerns.
LULAC wants to focus on overcoming immigration measures in Arizona by condemning Governor Jan Brewer's decision to sign the unconstitutional bill. Her disregard for the serious damage it could cause to civil liberties and public safety in the state is troubling. Poll after poll demonstrates that the majority of Americans support Comprehensive Immigration Reform that restores the rule of law by including legalization and enforcement. LULAC will use the convention as a vehicle for change.
makeup brush "We believe that our nation cannot move forward without addressing the need for sincere, fair, and comprehensive immigration reform today," said LULAC National President, Rosa Rosales. "We fear that other states will follow Arizona's racially divisive behavior if SB 1070 is not struck down by the courts or repealed," she added.
The law SB 1070 will be discussed at multiple forums and a Comprehensive Immigration Reform Town hall at the 81st annual convention that gathers the national delegates of LULAC to discuss issues, set policies, and elect the organization's leaders.
In addition to a series of workshops and keynote addresses given by the nation's top officials such as U.S. Secretary of Labor Hilda L. Solis, New Mexico Governor Bill Richardson, U.S. Treasurer Rosie Rios, U.S. Department of Housing and Urban Development John Trasvi?a, U.S. Department of Agriculture, Under Secretary for Marketing and Regulatory Programs, Ed Avalos, Assistant Secretary for Elementary and Secondary Education, U.S. Department of Education, Thelma Melendez de Santa Ana, Latin King of Comedy Paul Rodriguez, Assistant Administrator for Water, Environmental Protection Agency, Peter Silva, Assistant Attorney General, U.S. Department of Justice, Tom Perez, OPM Director John Berry, Rt. General United States Army, Ricardo Sanchez, Assistant Secretary, Office of Policy and Planning, Office of Veterans Affairs, Dr. Raul Perea-Henze, NAACP President Ben Jealous, Representative (D-NM) Ben Lujan, Representative (D-TX) Silvestre sexy lingerie china Reyes and Representative (D-CA) Joe Baca, there are ongoing activities for the general public.
LULAC will host a concert extravaganza, Voces Unidas por Am?rica, to unite the divided people of Arizona through celebrity performances featuring many artists. The event will take place on Saturday July 17th Balenciaga Handbag Fake Handbags and will focus on helping hard working immigrants realize their American Dream.
The LULAC Expo is free to the public. Our exhibit area will include hundreds of corporate exhibits, a federal plaza, a career fair, a health fair, a Mercado, and a nearby cyber caf?. Among the offerings is a three-day Career Fair featuring great employment opportunities from over 250 top companies and federal agencies that are ready to do on the spot hiring.
The League of United Latin American Citizens, the oldest and largest Hispanic membership organization in the country, advances the economic conditions, educational attainment, political influence, health, housing and civil rights
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11:34, 2010-Jul-28
MORE than 1.5 million cancer survivors in the United States are parents living with children younger than 18, according to a study published by the journal Cancer. The researchers hope this figure will help make healthcare providers more aware of these families and give them Replica A Lange & Sohne Watches Asia href="http://www.nike-mbt.com/nike-air-max-c-276.html&qu ot;>Nike Air Max support.
Ring Style CHINA will move 345,000 people, mostly villagers, within about two years to make way for a scheme to draw on rivers in the south to supply the increasingly dry north.
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11:52, 2010-Jul-27
MALAYSIA is currently on the radar of investors, fund managers, sukuk issuers and halal businesses from the Middle East for the various opportunities that the country offers.
The similarity that both sides share makes Malaysia an attractive investment destination for oil-producing countries in the Middle East, Standard Chartered (StanChart) Saadiq chairman Shayne Nelson said.
Nelson said the Middle East has benefited from the oil and gas sector, resulting in an accumulation of massive surpluses in the past few years.
This allowed the governments to continue with public spending and investment for diversification despite falling oil prices.
abercrombie fitch "Oil producing countries are seeking to diversify their economy and looking to build mutual partnerships as the government remains committed to push ahead with large-scale counter-cyclical infrastructure projects.
"I think Malaysia is an attractive economic partner because of its similarity to the Middle East; Malaysia has a large Muslim society, the culture fits mutually," he said in an interview with Business Times in Dubai, United Arab Emirates (UAE) recently.
Nelson, who was former StanChart Malaysia CEO, said Malaysia has a deep Islamic funding pool which is attractive to issuers.
"One of the bigger attractions for Islamic banking to non- traditional companies is the liquidity pool.
"If you issue a conventional bond, for example, you can't tap into the Islamic funding pool.
"So, there has been a growing amount of interest from conventional issuers to convert to sukuks because of the liquidity," he said.
He believes that traditional conventional companies and sovereigns will increasingly issue sukuks in the region, particularly in Malaysia and Indonesia, where the liquidity pool is growing.
Nelson also noted strong linkages between Malaysia and the Middle East, particularly the UAE and Kingdom of Saudi Arabia, with the visits made by Malaysian prime ministers to the region.
Men D&G t shirts He expects the ties to generate greater investments in sectors like property and oil and gas in Malaysia, as well as increase exports of palm oil and agriculture products from Malaysia.
"When you have trade and capital flows, you'll see a much greater economic and investment synergy between both countries," he said.
He also said Malaysia's initiative in being the world's halal hub is significant for countries in the Middle East.
For StanChart, which has been operating in Malaysia since 1875, both Malaysia and the UAE markets are the bank's core markets.
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