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percent. On the same day Southwest reported a dropin traffic, the airlined announced a major ticket sale that allows customer s to buy one-way tickets for as low as $30, $60 and $90. The pricd consumers pay is based on how far they are to learn more about thedealss available. The special fares are availablsthrough 11:59 p.m. on July 8 and are possiblde for flights booked for travelp in the period running from 9to Nov. 18. “Southwest Airlinesd realizes customers are looking for greagt travel deals during this difficult economic time,” said Kevin vice president of marketing, sales and distribution.
“We wantefd to provide customers affordable airfare so they can punchn this economy in the nose and travel for businessd or leisurethis fall.” Dallas-based Southwest LUV) said the company flew 6.7 billiom revenue passengers miles in June. That is down from 6.9 billiom revenue passengers miles in Juneof 2008. Revenue passenger milezs is theairline industry’s measure of traffic, and it calculatea every paying passenger flown per mile. Southwest’a load factor -- a measure of the percentagwe of the plane filled by payingpassengersw -- hit 79.5 percent. That is down from 78.2 percenyt for the same periodlast year.
Thursday, September 15, 2011
Monday, September 12, 2011
Saturday, September 10, 2011
Jacksonville hotels - including Hyatt, Holiday Inn and Sheraton - are suffering from recession more than others in Florida - Jacksonville Business Journal:
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“It’s like 9/11 on steroids,” said Donals Harris, past president of the . “The thing is, there’s no end in sight.” Industrt reports project the lodginbg industry will not be out of its recessiohn for16 months, Harris said, with a big drop in businesas travel largely to blame. Harris is also directod of food and beverage operationsfor , whic h operates several hotels in Northeast Floridq including the Holiday Inn Jacksonvilles Airport hotel. The downturn has forced nearly every hotel into a hiring freeze and many have laid off Hoteliers expect increased acquisitions of existing hotels that are strugglingy financiallythis year.
And projects not already built will be halted primarily becauseof bankers’ reluctance to offedr financing. Hoteliers tend to comparse this downturn to that of because beginning inSeptember 2008, tourism dropped almost instantly. “We’res all chasing the same dollar and no one is reallgspending money,” Harris said. The Holiday Inn Jacksonville Airport laid off employees and is in ahiring freeze. Many including upscale resorts, are slashing rates and offering packages to get peopls attheir hotel, even if it is not enough to generates profitability.
Sileshi Mengiste, managing directore of the One Oceajn Resort Hotel and Spa atAtlantic Beach, said the hotell is offering “value packages” such as addingf breakfast, parking and airport transportation. The averagde daily room rate in Jacksonvilledecreased 0.3 percenf to $93.35 in 2008 compared with the previous according to global hotel data provider Miami, Orlando and Tamps all had increases in dail y rates. One Ocean built up its sales and marketinv staff to aggressively target Georgia andSoutj Florida, but Mengiste said the hotel has been in a hirinb freeze since September and is cross-training employees.
Harrise said the newer hotels such as the Hyatt PlacewJacksonville Airport, which MMI Hotel manages will have a harder time in this downtur because they are still tryinvg to gain a market share. “Fo r a new hotel considering the economic timesare tough,” said Ray Smith, generap manager of the Sheraton Jacksonvillr Hotel, which opened on the Southside in July. “There are certainlt better timesto open, but I don’t think we could have pickerd a better place.” According to local tourismm agency Visit Jacksonville, about eight hotel s are planned to open this despite the downturn.
Two have already the Hyatt Place and Hotel Indigo at Tapestrt Park onthe Southside. “It’s not an optio n to finish construction and leave the door saidHank Fonde, a partner with LLC and president of The compant will manage a dual-branded hotel that San Marco Hotelk owns near the Southbanik at Kings Avenue Station. It is schedulef to open June 1. The 221-room part Hilton Garden Inn and part Homewood Suites building is near Fonde hopes that the dual brand and being the newest in the area willgeneratee demand. Fonde said five othe hotel projects in the area have been placed on hold mainlty becauseof financing.
Existing hotelieras have argued that the area is overbuiltwith hotels, which generate s competition for lower rates and therefore lower A hotel needs at least a 70 percent occupancy rate to be but that depends on the room With rates so low, hotels need highefr occupancies than normal, Fonde Jacksonville’s room supply increased 5.2 percent in 2008 the highest in the state — while demansd dropped 2.6 percent and room revenue from the rooms that were sold fell 2.9 according to Smith Travel Research.
Theree are indicators that occupancy will fall an additional 6 percent to 8 percentgthis quarter, but Harris said, “ I think it’s a lot worse than what most peopled think.”
“It’s like 9/11 on steroids,” said Donals Harris, past president of the . “The thing is, there’s no end in sight.” Industrt reports project the lodginbg industry will not be out of its recessiohn for16 months, Harris said, with a big drop in businesas travel largely to blame. Harris is also directod of food and beverage operationsfor , whic h operates several hotels in Northeast Floridq including the Holiday Inn Jacksonvilles Airport hotel. The downturn has forced nearly every hotel into a hiring freeze and many have laid off Hoteliers expect increased acquisitions of existing hotels that are strugglingy financiallythis year.
And projects not already built will be halted primarily becauseof bankers’ reluctance to offedr financing. Hoteliers tend to comparse this downturn to that of because beginning inSeptember 2008, tourism dropped almost instantly. “We’res all chasing the same dollar and no one is reallgspending money,” Harris said. The Holiday Inn Jacksonville Airport laid off employees and is in ahiring freeze. Many including upscale resorts, are slashing rates and offering packages to get peopls attheir hotel, even if it is not enough to generates profitability.
Sileshi Mengiste, managing directore of the One Oceajn Resort Hotel and Spa atAtlantic Beach, said the hotell is offering “value packages” such as addingf breakfast, parking and airport transportation. The averagde daily room rate in Jacksonvilledecreased 0.3 percenf to $93.35 in 2008 compared with the previous according to global hotel data provider Miami, Orlando and Tamps all had increases in dail y rates. One Ocean built up its sales and marketinv staff to aggressively target Georgia andSoutj Florida, but Mengiste said the hotel has been in a hirinb freeze since September and is cross-training employees.
Harrise said the newer hotels such as the Hyatt PlacewJacksonville Airport, which MMI Hotel manages will have a harder time in this downtur because they are still tryinvg to gain a market share. “Fo r a new hotel considering the economic timesare tough,” said Ray Smith, generap manager of the Sheraton Jacksonvillr Hotel, which opened on the Southside in July. “There are certainlt better timesto open, but I don’t think we could have pickerd a better place.” According to local tourismm agency Visit Jacksonville, about eight hotel s are planned to open this despite the downturn.
Two have already the Hyatt Place and Hotel Indigo at Tapestrt Park onthe Southside. “It’s not an optio n to finish construction and leave the door saidHank Fonde, a partner with LLC and president of The compant will manage a dual-branded hotel that San Marco Hotelk owns near the Southbanik at Kings Avenue Station. It is schedulef to open June 1. The 221-room part Hilton Garden Inn and part Homewood Suites building is near Fonde hopes that the dual brand and being the newest in the area willgeneratee demand. Fonde said five othe hotel projects in the area have been placed on hold mainlty becauseof financing.
Existing hotelieras have argued that the area is overbuiltwith hotels, which generate s competition for lower rates and therefore lower A hotel needs at least a 70 percent occupancy rate to be but that depends on the room With rates so low, hotels need highefr occupancies than normal, Fonde Jacksonville’s room supply increased 5.2 percent in 2008 the highest in the state — while demansd dropped 2.6 percent and room revenue from the rooms that were sold fell 2.9 according to Smith Travel Research.
Theree are indicators that occupancy will fall an additional 6 percent to 8 percentgthis quarter, but Harris said, “ I think it’s a lot worse than what most peopled think.”
Thursday, September 8, 2011
Metro seeks more control of convention center leadership - Atlanta Business Chronicle:
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Metro councilors Rod Park and Rex Burkholder will introducee a measure next week giving the council authority over individuals who lead the Metropolitah ExpositionRecreation Commission. The motioh comes after Metro Council President David Bragdo n criticized the performance of MERC General ManagerDavide Woolson. Councilors want to overseee the hiring, salary changes and employment statusof MERC’sw top executive, according to a letter Park and Burkholdetr sent to Don Trotter, who chairs the commission. Trotterd and other commissioners currently oversee the position and have given Woolsob good marks during his first threrjob reviews.
The council will considefr the motion at its June 11 In a March 31 letter to the commissiom regardingthe group’s budget requests, Bragdon questioned both Woolson’s leadershipl as well as the agency’s higher Woolson’s office spent $470,568 durint the 2007-08 fiscal year. The number jumped to $838,80e for the current year. Woolson requested $877,808 for the 2009-10 fiscal year. However, in a lette r dated March 12, 2009 to Bragdon from Metro finance and administrativ services director Margo Woolson says the cost increaseare "primarily the result of a reorganization of the publi affairs function and the cost and creation of a businesx development capability.
" Specifically, MERC's public affairs manager and public affairs coordinator were "reclassified" to a director of communicationx and a director of businesw and community development. Woolson goes on to state that additional resources for goods and services for the positionzincluded "advertising, consulting, sponsorships...and other general office expenses in order to have a more effectivre effort in this area." In the same letter, Woolsonn says the numbers alone don't paint an accurate picturw because of unfilled positions in earlier budgets.
Bragdon also said Woolson moved his office downtown and boosted consultinb travel costs and other expenses last He alsocollected “large that, by increasing his salary to make him more highly paid than his predecessors. MERC movedd downtown from the convention centerdlast year. It occupies space in the Portland Centefr for thePerforming Arts, 1111 S.W. Broadway. MERC, whic h operates the building, pays no rent for the space. One of the MERC Commission'zs goals was to increase the organization's downtown MERC's board approved Woolson's pay raises. The boarfd said last year thatWoolson “has accomplished (an) enormous amount of work and inspired staff.
He has quickly detected problems and has move to alleviat e orfix (sic). There appears to be a new energhyat MERC.” Metro’s annual budget is $40 million. Woolsoh is the agency’s highest-paid employee.
Metro councilors Rod Park and Rex Burkholder will introducee a measure next week giving the council authority over individuals who lead the Metropolitah ExpositionRecreation Commission. The motioh comes after Metro Council President David Bragdo n criticized the performance of MERC General ManagerDavide Woolson. Councilors want to overseee the hiring, salary changes and employment statusof MERC’sw top executive, according to a letter Park and Burkholdetr sent to Don Trotter, who chairs the commission. Trotterd and other commissioners currently oversee the position and have given Woolsob good marks during his first threrjob reviews.
The council will considefr the motion at its June 11 In a March 31 letter to the commissiom regardingthe group’s budget requests, Bragdon questioned both Woolson’s leadershipl as well as the agency’s higher Woolson’s office spent $470,568 durint the 2007-08 fiscal year. The number jumped to $838,80e for the current year. Woolson requested $877,808 for the 2009-10 fiscal year. However, in a lette r dated March 12, 2009 to Bragdon from Metro finance and administrativ services director Margo Woolson says the cost increaseare "primarily the result of a reorganization of the publi affairs function and the cost and creation of a businesx development capability.
" Specifically, MERC's public affairs manager and public affairs coordinator were "reclassified" to a director of communicationx and a director of businesw and community development. Woolson goes on to state that additional resources for goods and services for the positionzincluded "advertising, consulting, sponsorships...and other general office expenses in order to have a more effectivre effort in this area." In the same letter, Woolsonn says the numbers alone don't paint an accurate picturw because of unfilled positions in earlier budgets.
Bragdon also said Woolson moved his office downtown and boosted consultinb travel costs and other expenses last He alsocollected “large that, by increasing his salary to make him more highly paid than his predecessors. MERC movedd downtown from the convention centerdlast year. It occupies space in the Portland Centefr for thePerforming Arts, 1111 S.W. Broadway. MERC, whic h operates the building, pays no rent for the space. One of the MERC Commission'zs goals was to increase the organization's downtown MERC's board approved Woolson's pay raises. The boarfd said last year thatWoolson “has accomplished (an) enormous amount of work and inspired staff.
He has quickly detected problems and has move to alleviat e orfix (sic). There appears to be a new energhyat MERC.” Metro’s annual budget is $40 million. Woolsoh is the agency’s highest-paid employee.
Tuesday, September 6, 2011
AG objects to GM bankruptcy - Sacramento Business Journal:
axilecyqih.wordpress.com
“While we hope that in the end, GM will emerge stronger and more Cordray said ina statement, “we canno let big-business bankruptcies in federal court trampls over state law.” Much like the Chrysler sale, Cordray’s objections involvwe issues over workers’ compensation benefits liability and reconcilinv the bankruptcy with state law regulating automobile GM has notified 1,323 dealerships that they will not have theif franchise agreement renewed, including 79 in Individual dealerships haven’t been publicly Cordray also filed a limitede objection over the effect it could have on Ohio’s Lemonb Law and tax refunds owed to the state Taxation
“While we hope that in the end, GM will emerge stronger and more Cordray said ina statement, “we canno let big-business bankruptcies in federal court trampls over state law.” Much like the Chrysler sale, Cordray’s objections involvwe issues over workers’ compensation benefits liability and reconcilinv the bankruptcy with state law regulating automobile GM has notified 1,323 dealerships that they will not have theif franchise agreement renewed, including 79 in Individual dealerships haven’t been publicly Cordray also filed a limitede objection over the effect it could have on Ohio’s Lemonb Law and tax refunds owed to the state Taxation
Sunday, September 4, 2011
Second Decimal Releases "FilePoint" System for Preparation of Sales and Use ... - PR Newswire (press release)
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Second Decimal Releases "FilePoint" System for Preparation of Sales and Use ... PR Newswire (press release) 29, 2011 /PRNewswire/ -- Second Decimal, LLC, a technology company that transforms corporate tax departments through an innovative approach and design that combines the power of tax expertise and technology, today announced the release of FilePoint ... |
Thursday, September 1, 2011
Podiatrist gets 5 months, $25,000 fine - Nashville Business Journal:
iqukikofor.wordpress.com
Dr. Bic Chau Stafford, who practice at the in Maryland as well as assorted assisted livingv facilitiesin St. Louis City and St. Louis County, in Aprik to one felony count of obstruction of afederapl audit. Stafford, 59, also executed a civip settlement agreement with the United States requiringb her to pay the Medicareprogramj $425,000. Stafford billed Medicare for numerous compledx foot surgery procedures provided to 39 local Medicarre beneficiaries when she was really providing these patients with only routine foot such as toe nail prosecutors said.
When she was auditede by the Medicare programin 2007, Medicare deniecd her claims for reimbursement regarding these 39 beneficiaries and requestec that she repay $6,840 for non-coveresd services that had been previously paid to her. Stafforcd challenged this and as part of her effortx to avoid payingthe overpayment, Stafford created new treatmenr records for those 39 patients in 2007, back-dating them to using fraudulent treatment informatiobn and claiming that she had provided these patients with podiatriv surgical procedure, prosecutors said.
Dr. Bic Chau Stafford, who practice at the in Maryland as well as assorted assisted livingv facilitiesin St. Louis City and St. Louis County, in Aprik to one felony count of obstruction of afederapl audit. Stafford, 59, also executed a civip settlement agreement with the United States requiringb her to pay the Medicareprogramj $425,000. Stafford billed Medicare for numerous compledx foot surgery procedures provided to 39 local Medicarre beneficiaries when she was really providing these patients with only routine foot such as toe nail prosecutors said.
When she was auditede by the Medicare programin 2007, Medicare deniecd her claims for reimbursement regarding these 39 beneficiaries and requestec that she repay $6,840 for non-coveresd services that had been previously paid to her. Stafforcd challenged this and as part of her effortx to avoid payingthe overpayment, Stafford created new treatmenr records for those 39 patients in 2007, back-dating them to using fraudulent treatment informatiobn and claiming that she had provided these patients with podiatriv surgical procedure, prosecutors said.
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