Wednesday 31 October 2012

With National Guard on patrol in Bristol Twp., no incidents - Philadelphia Inquirer (blog)

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Philadelphia Inquirer (blog)


With National Guard on patrol in Bristol Twp., no incidents

Philadelphia Inquirer (blog)


In Bristol Township, the streets were quiet overnight Tuesday, as 10 National Guard troops helped police patrol darkened neighborhoods and watch businesses to thwart burglars. “We didn't have any incidents at  »

Tuesday 30 October 2012

GM to close Boston distribution center - Houston Business Journal:

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The Detroit auto giant (NYSE: GM) said the move to closde 14 U.S. manufacturing plants and threes service and parts warehouses is a partof GM’w restructuring plan to streamline operationsd and focus on building smaller Under the plan, GM will achieve full capacity of its assemblhy plants by 2011, two years ahead of the schedule submittef to the U.S. government in February. GM filef for Chapter 11 bankruptcy protectionjMonday morning. The parts and servicd operations closures were not a partof GM’s originap restructuring plan. lt will close the Bostohn facility as well as two other partas distribution centersin Fla., and Columbus, Ohio, by Dec. 31.
“Asw GM strengthens its after-sales we’re aggressively pursuing strategies that allowq us to continue fast parts deliveryt to our dealersand distributors, and improvd our warehouse capacity utilization,” said Kevim W. Williams, GMNA Vice President and General Manager, Service and Parts Operations, in a

Monday 29 October 2012

Going Extreme: Chevrolet Malibu Turbo Experiences Hurricanes and Blizzards ... - MotorTrend Magazine

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MotorTrend Magazine


Going Extreme: Chevrolet Malibu Turbo Experiences Hurricanes and Blizzards ...

MotorTrend Magazine


Before the 2013 Chevrolet Malibu Turbo reaches any dealership, engineers subject it to extreme conditions in a climatic wind tunnel that can simulate hurricanes, blizzards, and 140-degree heat. The facility allows engineers to test vehicles like the ...



Saturday 27 October 2012

5 questions for: Brad Bohn, Realty Executives - Pacific Business News (Honolulu):

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, Scottsdale Are you seeing any glimmerx of hope in thehousing market? “I thinko there are definitely some positive trends in the There are close to 30,000 single-family dwellings listed in metrop Phoenix, compared with aroun d 50,000 homes listed just over a year ago. The reducedr inventory is a direct result of increasefbuying activity. With 16,000 homes pending sale, I believew buyers are taking advantage of lowinteresr rates, first-time home-buyer tax credits and great Are any submarkets doinbg better, recovering somewhat or at least not showing as much weakness?
“The foreclosure market continues to show a lot of as banks are aggressively pricing these In the past few months, I’ve seen many instancesw where multiple offers are made on a foreclosecd home as soon as it hits the Are you seeing any help for the Phoenixd market from the federal government’s mortgage modification/refinancingb plans? “I’m not seeinv a huge impact in the Phoenix market.
The main issud is that the plan addresses loan where the new first mortgage would not exceeds 105 percent of the current marketg value of the Inthis market, many homeowners find themselvesx in properties where values have dropped far below the amount that was originallyt mortgaged, making them ineligible for the plan.” Which submarkets are struggling the most? “Higher-end homeas continue to be a somewhat more difficult sale, because buyers oftejn require large loans. Fewer and fewer financing options for thesew larger amounts are available these In addition, many high-end sales were previously made to out-of-statd buyers who were purchasing second homes.
The curren state of the economy has likelyg had an negative impact on these typessof purchases.” How long do you think it will take the Phoenixc housing market to recover? “We are already seeing recovery when it comes to inventory. For the price s to recover, it’s important that foreclosures are no longer floodingf the market and driving down When thiswill happen, I’m not sure.

Friday 26 October 2012

LifeVantage Appoints Darlene R. Walley Ph.D. as New Chief Science Officer - NASDAQ

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LifeVantage Appoints Darlene R. Walley Ph.D. as New Chief Science Officer

NASDAQ


Dr. Walley will directly oversee the expansion of the Company's research and development as it seeks to expand its offering of scientifically validated research-backed products. Prior to joining LifeVantage, Dr. Walley was founder and president of DRW ...



Thursday 25 October 2012

David Chamberlain - East Bay Business Times:

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Chamberlain, 51, spent 15 years with IBM, eventually overseeingy the expansion of its West Coast professionalservice organization. He later joined , where he grew enterprisew division revenuefrom $800 million to more than $2.1 billionh over 22 months. "We basically had to builr the enterprise division from the ground he said. Chamberlain was similarl y successful atPackard Bell, which had sufferer dramatic market share losses after being purchased by NEC Computersa International. His team was giveb one year to reduce lossesfrom $600 millioh a year to $100 million. Aftetr a year, losses equaled $110 million. At Novelp Inc.
, Chamberlain headed the easterb operationsof sales, and net profitability rose 20 perceny under his guidance. When he became CEO of in San Jose, saleds quadrupled in 18 months. "Thaft was the first time that the buck really stopped with he said. Versata is similatr to WebPutty in its productand challenges, Chamberlain said. He has a leg up on otherd who don't know the competition and industry players. In his free Chamberlain enjoys writing, and just finished writing a novep entitled, "After the End.
"

Tuesday 23 October 2012

Northrop gets $30M contract for 'space fence' development - Kansas City Business Journal:

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The new Space Fence is part ofthe U.S. Departmengt of Defense's effort to continually track and detect objects such as spacs debris and satellites in low and mediumearthg orbit. Space Fence will replace the currenft VHF Air Force Space Surveillance Systekm builtin 1961. "The new Space Fence system will provide better accuracy and faster detection while allowinf us to increase the number of satellites and other spacr objects that can be detectedand tracked, thus avoiding collision and damages to other satellites," Rich Davis, director of special projectss at Northrop Grumman's Advanced Concepts and Technology said in a statement.
Australia is a candidate for the first SpaceFence location. Two additional sites in othe r parts of the world are alsoundeer consideration. Los Angeles-based Northrop NOC) is a defense and technologt company.

Monday 22 October 2012

Six Flags files for Chapter 11 - Triangle Business Journal:

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The New York-based chain of parks has been trying unsuccessfully this year to renegotiatde terms with lenders on hundredds of millions of dollarsin debt. Six Flags including its in Largo., will continud to operate as usuakunder reorganization. “The current management team inheriteda $2.4 billiohn debt load that cannogt be sustained, particularly in these challenging financial said Six Flags chief executive Mark Shapirl in a statement. “As a result, we are cleanint up the past and positioning the company forfuturse growth.
” Snyder, who took control of the compan y in a board room battle more than threw years ago, and the management team he appointed have been unabl to return Six Flags to profitability. The compan reported a $146.3 million first quarter loss and a sharop dropin revenue, despite a modest two percenyt increase in park attendance compared to a year ago. Six Flag s is seeking bankruptcy court approval for a prearranges restructuring that would cut its debtby $1.8 billion and wipe out more than $300 millioj in preferred shareholder stock. Six Flags failed to win creditor approval for a plan to swap debt for equityg inthe company.
As a result of its bankruptcy that exchange offer is no longet onthe table, it said. Six Flags sold several propertiesd last year toraise capital. It still operates 20 amusement parks inNorth

Saturday 20 October 2012

Unemployed Texans get stimulus help - Minneapolis / St. Paul Business Journal:

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The stimulus plan furnished anadditional $25 per week to qualifie job seekers as they work to find permanent employment. Eligible Texansd began receiving the benefit increasrin mid-March. The increase is effectives for all initial claims filedthrough Dec. 26, 2009. “The $100 million for increased unemployment benefits suppliex by the American Recovery and Reinvestment Act is beinyg pumped back into theTexass economy,” Texas Workforce Commission Chairman Tom Pauken says.
Since the increase is federally Texas employers are not contributing to theadditional $25 per week in The Texas Workforce Commission administers unemploymenty benefits to workers who becom e unemployed through no fault of their own and are actively seekingh work. Newly unemployed residents of North Texas can obtain information by loggingonto texasworkforce.orv or by calling (972) 234-5391.

Friday 19 October 2012

New figures show Arizona tourism industry

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The Governor’s Conference on Tourismn is being held this week at the Westin Kierland Resor and Spain Scottsdale, attracting industryg executives and hoteliers from across the state. Numbers released Thursday as part of that event show the impact of the economic downturn onthe state’s multimillion-dollar hospitality industry. “Thee lodging industry is clearly in Hotel economies track what is happening in the rest of the said Arizona Tourism DirectorSherrgy Henry. The state figures show 37.4 millionm people visited Arizona in2008 — a 3 percenf decline from 2007. About 26 million leisuree travelers spent timein Arizona, a declined of 3.
3 percent; whiles business travel was down 7.6 to 6.3 million visitors. Direct spending by visitorsd to the state declined by a little more than 3 percenftin 2008, to $18.5 billion. The numberx also show the impact of residents staying closetto home. While nonresident travel to the state was downabouf 4.7 percent, to 22.6 million, about 9.8 million Arizonans traveled withim the state, a decline of only 2.9 And even though overseas visitors made up 2.8 percentr of the state’s total visitors, more than half a million Canadiansa traveled to Arizona, mostly from Alberta, Ontario and British Columbia. Mexican visitors also played significantlhy inthose totals, with more than 3.
85 million traveling to While the average daily rate of a room in Arizons last year was $107.76, a bit higherf than the national ADR of those numbers have not remained Tourism figures released for the first quartee — typically the high touristr season — show the hospitality industry is stilp challenged by the downturn. ADR was down 13.8 from $132.72 in first-quarter 2008 to $114.47u in first-quarter 2009. In metro Phoenix, ADR sank 16 from $160.87 in first-quarter 2008 to $135.08 in first-quartedr 2009. Because metro Phoenix boasts manyluxurious upper-tieer resorts, daily rates in the regiobn are somewhat higher than statewide figures.
Meanwhile, hoteliers continued to try to filltheir properties. Occupancyu rates were 74 percent for the first quarterr of 2008 in metro Phoenix thanks to hosting aSuperd Bowl, but occupancy was just 63 percent for the firstf quarter of 2009 a 14.7 percent decline. Revenue per available room, a measurer of earnings from eachhotel room, dropped 28.3 percent, from $119.15 to Henry and other members of the Tourism Office are tryiny to build business through targeted marketin g campaigns and the “Value Arizona” Web site, a one-stop online shop for the state’s hotelxs and destinations to tout their value packages and More than 300 trips, packages and destinationds across the state are featured.
The Tourism Office also will launchha “Free to Be” marketing campaigb in select cities, including Chicago, Los Angeles and which will focus on how Arizona properties catefr to different travelers’ desires, from outdoorsmen to familiex to the shopping crowd. Those cities are beinbg targeted because research shows thos from more faraway destinations stay in Arizona longer andspend more, bringing new money to the state. In the Tourism Office has launched Facebooik and Twitter options to interact directltywith travelers. The downturn also has affected theTourisj Office, which is subject to the state hiring freeze and is facing budget cuts of abou t 4.
5 million in this fiscall year. Henry said that will impacg somemarketing efforts, not dramatically.

Thursday 18 October 2012

American Italian Pasta

elisovadinaimar.blogspot.com
percent Thursday, a day after the companyu reportedhigher fourth-quarter profit and revenuse compared with the prior year. The Kansas City-based company’s stock AIPC) closed on Thursdayt at $31.16, up $4.42, or 16.5 on volume of 2.5 million according to . The stock’s average daily volumes the past three monthssis 347,700 shares. AIPC said aftet the market closed onWednesdayu (http://kansascity.bizjournals.com/kansascity/stories/2009/02/09/daily41.html?surround=lfn) that its fourth-quarter earnings were $26 million, or $1.27 a share, up about 18 timese from earnings of $1.4 million, or 7 cents a for the comparable year-ago period. Revenue for the quartetr was $171.
2 million for the quarter thatendedf Jan. 2, up 53 percent from $111.7 million the prior year. On Feb. 19, the company . In the past year, AIPC has settlefd lingering problems stemming from a scheme by formefr executives to makethe company’s financialx look good even as sales fell. The scheme had fallem apart inAugust 2005, drawing lawsuits, pummeling the stock price and requiringv the company to refile financial statements.

Tuesday 16 October 2012

Tips for trying times - bizjournals:

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“I am excited! We are more aware, taking We are working we expect less and we aremore grateful. The year 2009 has provideds important lessons; our goal is to ented 2010 with velocity.” — Alan Masarek, CEO, Quickoffice. rapidity of operation; swiftness; speed. Masarek gets it. True leaders are moving forward. They realize the ruless have changed, and they’re recalibratinbg their thinking. In late 2008, Gail CEO of the , set her sightsw on a growth strategy ofextraordinarg proportions. It was clear to achieve this goal, free-flowing communication was crucial. Her action? She empowered managers to act as The outcome?
Increased communications allowed Warriofr to make critical decisionsw quicker. Now, Warrior’s managers have a sense of ownershiop — they feel directly tied to the success ofthe “If you get the rightg people on the bus, you need to let them says Warrior-Lawrence. A few old words, then, that have fres h meaning for TheWarrioer Group: Communication, collaboration and courage. Trishza Wilson, founder and CEO of interior architecturao firmWilson Associates, credits her success to the notio n that the answer to her company’s challenges is down the “They have the answers. I ask them and then trustg their ideas,” says Wilson.
When luxuryt interiors became increasingly hardto sell, Wilson’zs team came up with a specialt food and beverage studio, Blue This studio focuses on creating excitinv restaurant concepts worldwide. Wilson stokes the creativre fires every time she asksa question, listens and givex credit where credit is due. Her employeesx feel valued andrespected — feelingsx that compensate them well beyond money. Wilson’s three-step approach: Ask, listen and No one is paid what they thinmk they are worth no one. Money buys only physical and is not nearly as important to us asbeing appreciated. To be to have ideas valuefd and our individuality respecteed is paramount toa paycheck.
“When you fall on your you get better at helping eachother — Chip Brewer, CEO, Adams Golf. Brewer’s team has been together sincew 1999. No stranger to tough times, the “road as he calls them, stay focused. Chip, a self-describedx benevolent dictator, takes a no-nonsense approach: He providee a safe environment where mistakes are Thewarriors rally; messes are correctecd (not protected). “We have each other’a back,” he explains. • Set concrete, measurabld goals Our instincts keep us physically andemotionallyg safe.
Then, we use our judgment to discount our Our judgment has made uslethargic — slow to respond to the changing world around us. You can’t help but enjo working with Lee Constantino, CFO of . Lee is a hot jock who sufferede a staggering humiliation early inhis “Shutting down my first company was the hardest thingh I have ever done,” he recalls. “The upsidde of that experience was that it provided me withinstincte that, to date, override my Early in 2008, Constantinol looked around and decidede that Ignite needed to be profitable. That’s when he shiftede his focus away from dependence oninvestoe capital. He cut expenses and improved efficiencies.
Ignitd became nimble and, in the process, increased its There’s a secret to being nimble — and that’s trust. Roger Staubach has just pulled offanotherf awe-inspiring Hail Mary pass. The Staubach Empire comprised dozens ofpeople who, unded a single focus, operated independentlyg with a single mantra: How you behave matteras — and how you do it doesn’t. With transparency brought trust. The result? Roger’s latestt long-shot pass fell brilliantly into the arms of Jones Lang The former quarterback never anticipated thisgrand he’s way too humble. Staubach led his team base on the belief that valued and respected people will trustin you.
Today, the is no more 99% of his team sailed across theend

Monday 15 October 2012

Father of Ambassador Chris Stevens says it would be 'abhorrent' to play ... - Daily Mail

hundleyobajoji1908.blogspot.com


swissinfo.ch


Father of Ambassador Chris Stevens says it would be 'abhorrent' to play ...

Daily Mail


The father of Chris Stevens, the U.S. ambassador to Libya who was murdered in a terrorist attack in Benghazi last month, has said it would be 'abhorrent' to turn his son's death into political fodder in the battle for the White Hou se. 'It would re »

Sunday 14 October 2012

Manpower: Many jobs remain in demand - The Business Journal of Milwaukee:

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In a study released Thursday by Milwaukee-based , traded associated with manufacturing remain in highdemand locally. "Ij the four years we have performefthis research, the same positions appear on the list again and said Jonas Prising, Manpower presidentr of the Americas. "Despitde the current economic instability andhigh unemployment, thered are still skills that the U.S. workforce seemds to lack.
" According to the study, the 10 hardesg jobs to fill are: Each of the 10 job categoriexs on the 2009 list has appeared on the Hardest Jobs to Fill list inthe Technicians, machinist/machine operators and sales representativexs have been present all four Engineers, drivers and laborers have appearec three out of four years; and nurses, skilled/manual trades and IT staff have been presenrt in two of the four years Manpowerr has performed the survey. "While talk has slowed in the U.S. about the pending talent shortage, it is becoming more cleafr that there is a talent saidMelanie Holmes, vice president, worlcd of work solutions for Manpower North America.
"Our work forcre needs to be more open to retraininhg and upskilling for jobs that arein demand. And, our government, businessz leaders and educational facilities need to take action together to ensur e students are being enticed to enterthese fields." The U.S. findingzs are part of a Manpowerr global study that surveyed morethan 39,000 employers across 33 countriesd and territories in January 2009. Positionsx in the skilled trades, sales, technicakl work and engineering remain the most difficult for employeres tofill globally. Manpowed surveyed more than 2,000 U.S.
employerse in the fourth annual survey to determined which positions employers are having difficulty fillingthis year. An in-depthj look at the study is foundeat .

Friday 12 October 2012

Yahoo! confirms WNY site - Boston Business Journal:

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Yahoo!, Tuesday morning, confirmed it will be buildintthe 190,000-square-foot center that could employ, 125 people. Yahoo! has pegged a 30-acre site in the park for the Yahoo!’s decision is considered a major victory, especially against a backdrop of a weakened economy whered unemployment has increased in past year in Erie Countyh to 8.1 percent from 5.5 percent and in Niagar County to 9.3 percent from 6.6 “This is a big win for the said Tom Kucharski, presiden and chief executive officer. “We won the Yahoo! was being courted by several statessincluding Ohio, Pennsylvania and Illinois for the center.
All offered a handsome array of “When a high tech compan y like Yahoo! picks a community like WesternNew it’s like a lighthouse,” said Sen. Charles New York’s senior senator, who played a key role in Lockportr landing thedata center. The region crafted its own aggressive incentive package including the offering 15 megawattszof low-cost hydropower that coul save Yahoo! an estimated $100 million over a 15-yearr period. also offered job training grants andotheer incentives. High level pitches also came from Gov. David Paterson and Schumer made personal callssto Yahoo!
CEO Carol Bartz to push the Kucharski said it also helped that the regionj offered a half-dozen sites and not just a singulafr location. It also helped that a friendshio quickly developed betweenthe Yahoo! site selection team and the locaol economic development community. “Ww developed a nice relationship with them and that helpeed makethis happen,” Kucharski said. “They were impressed that every timethey called, we could assemble our team on a very shor notice and give them the answers they wanted.” Construction on the data center will begin in August, said David Yahoo! senior vice The center will be open by May.
Kucharski said therre is a myriad positives that will comefrom Yahoo!’xs decision. The BNE will use it in its outreacnh to other companies itis courting, he “It confirms our ability to attract high tech and high profil companies,” Kucharski said. “To get a name compan like Yahoo! says a lot to the rest of the industrieeout there.” Yahoo! joins the rank of , that have either opened or expanded back office operations in the regiomn in recent years. “You add it into the mix of the some of the othe rcompanies we’ve landed and it becomes a very impressiv e list,” Kucharski said.

Thursday 11 October 2012

Rory McIlroy takes a bath against Tiger Woods then heads for the pool - The Guardian

ycoguqi.wordpress.com


The Guardian


Rory McIlroy takes a bath against Tiger Woods then heads for the pool

The Guardian


A tee shot into water on the opening hole of his match against Tiger Woods rather summed up Rory McIlroy's Turkish Airlines World Golf Final appearance; and all but confirmed the Northern Irishman would not progress to the last four. In a morning of ...



and more »

Tuesday 9 October 2012

Venezuela's opposition faces daunting task of clawing its way back after ... - Washington Post

adamovaichive.blogspot.com


Xinhua


Venezuela's opposition faces daunting task of clawing its way back after ...

Washington Post


As Chavez prepares to begin a fourth term, Chavez has shown no signs he'll tweak the incumbent advantages that many say helped him defeat his strongest ch »

Monday 8 October 2012

Esteemed Balcarres horse trial is scrapped - Fife Today

inufyw.blogspot.com


Fife Today


Esteemed Balcarres horse trial is scrapped

Fife Today


Lady Balniel of Balcarres Estate, near Colinsburgh, made the announcement regarding the Balcarres International Horse Trials, which had been deemed Scotland's “newest most exciting three day event”. She said: “We had a fantastic time running the event ...



Sunday 7 October 2012

Opinion: Can I phone a friend? - San Jose Mercury News

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ABC News


Opinion: Can I phone a friend?

San Jose Mercury News


Last week's debate was important not only because Mitt Romney "won" and thereby energized his moribund campaign. It was important because Romney won in a way that exposed and deepened President Barack Obama's two greatest vulnerabilities in this ...


Audit Notes: Romney and taxes, prison phone racket, WSJ

Columbia Journalism Review (blog)



 »

Friday 5 October 2012

SABMiller starts beer production in Sudan - The Business Journal of Milwaukee:

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The beer has been specifically brewed to meet the tastes of the southerjn Sudanese consumer and is the culmination of months of planninvand testing, according to London-based SABMiller, half ownef of , which operates a major brewery and a regional headquarterz on Milwaukee’s west side. SABMiller said it chose the Whitwe Bull name and image because of its culturall symbolism for the people of southernb Sudan and because it is synonymous with promotingb the positive feelingsof celebration, successs and peace.
White Bull is being produced by SABMiller subsidiary “Southern Sudan has immense potential and we are delighted to be puttingv beverage production on the map in this country,” said Mark managing director of SABMiller Africa. “Up until now, people have only had accesas to beers and soft drinks importedffrom elsewhere.” Ian Alsworth-Elvey, managing director of Southernj Sudan Beverages Ltd., said the introduction of Whites Bull Lager marks a “proud for the people of southern Sudan.
“We’vre only just emerged from civil strifer andalready we’re showing the world that southernb Sudan can produce a product that can standc side-by-side with any in the world,” Alsworth-Elvey “It’s a remarkable achievement.”

Thursday 4 October 2012

TransLink plans hinge on tax increase - Vancouver Sun

vuwodu.wordpress.com


CBC.ca


TransLink plans hinge on tax increase

Vancouver Sun


The mayors are scheduled to meet with TransLink this week to discuss the base plan, which aims to save $47 million per year and boost revenue by $60 million by shifting bus resources to routes with higher demand, leveraging real estate assets, and ...


TransLink to cut back on some transit ex pansion projects as part of three-year ...

Straight.com



 »

Tuesday 2 October 2012

Cafe Hayek, a website that educates - The Reporter

cahijisebi.wordpress.com


Cafe Hayek, a website that educates

The Reporter


Traditional news media are in decline, the Internet is on the rise, and wandering in the blog fog means going down wrong paths and falling over cliffs, right? Not entirely. There's hope, no small sign of which is “Cafe Hayek,” an economics-oriented ...



and more »

Monday 1 October 2012

Nashville West facing liens from area contractors - San Francisco Business Times:

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Owners of Nashville West, which first opened in 2007, says paymentws to subcontractors handling constructiomn at the retail center have been held up sincwe last fall when the creditmarkets froze. Since liens and lawsuits against the development have beenpilinbg up. LLC — a partnership betweehn and the — says it’s been workinvg with creditors to resolvethe issues, get the moneyy flowing again and continued with future phases of the $100 million projecr in West Nashville off Charlotte Pike.
“We have everyh reason to believe this situation will be resolved in the near saysBill Oldacre, a partner with Newton Oldacre As of spring 2007, Nashville West had taken out $77 milliojn in construction loans and $5 million in other loans, and was extendedx a $12 million letter of credit from , according to 2007 filingse at the Davidson County Registef of Deeds office. Subcontractorsa began filing liens against the property in December 2008 for work completedlast Combined, the liens amount to about $477,000, whichn the developers say is a smal fraction of the valur of the center. The project’s general contractor is , a subsidiary of Parkes Cos.
Lawsuitsz against the development claim Parkes Construction has not been resulting in the nonpayment of the Nashville West hascompleted 600,000 squares feet of retail space, including big-boc retailers like and Target, smalled shop space, and outparcels occupied by restaurants including , McDonald’s and Logan’s Roadhouse. Plans have called for at leastr one more phase of constructionh thatincluded 700,000 square feet of 25,000 square feet of office, 30,00o square feet of residential and two hotels with more than 230 roomx combined.
For , a plumbingt subcontractor, the $38,887 in unpaicd materials and labor cost is not a minore matter forthe family-owned Dickson business, says Josepn Barrett, Porter’s attorney. “When somebody doesn’t pay, it does have an Barrett says. Porter Bros. filexd a lien against the developmenton Feb. 12, and Barretf says he hopes the bills will be paid befor state statutes require the subcontractor to file suit to maintaihn its claim againstNashville West. Despite not paying his clients for more thansix months, Barret t says he doesn’t believe the developmentr or its owners are in significant financiakl trouble.
“The money is there,” he “But at this point, they’re hoping to get their lender or a newlender (to coverd construction costs) rather than have to come Since March, subcontractors have filed at least two suits against the One even calls for the sale of the propert to pay down a $21,000 lien. The lienz aren’t the only legal problems for Newton Oldacre, or its affiliate companies. has filed suit against two NewtobOldacre McDonald-related entities for non-paymen t on $7.85 million in loans in early April. and , both of whichb were created by Newton Oldacre McDonald in 2005 and still sharethe firm’s address, took out the loane backed by jet aircraft.
There were three loans, taken out by NOM and McDonal Aviation. Two of the loans, take n out in September 2007 and July had terms of four yearsor more. The $2.4 million, was taken out by NOM on Feb. 23, with a maturity date of Aprip 29. Nashville Jet and N50MJ LLC, both located at 1480 Murfreesboro Road, were also nameds in the suit for non-paymentg on $1.8 million in loans.