Basketball-Hayward content with decision to leave Butler Yahoo! Eurosport UK Gordon Hayward, the catalyst of Butler's magical run to last year's NCAA championship game, has never second-guessed his decision to leave school after two seasons for the NBA. Despite losing their best player to the Utah Jazz, Butler (27-9) has ... |
Wednesday, March 30, 2011
Basketball-Hayward content with decision to leave Butler - Yahoo! Eurosport UK
http://europeanzhinengqigong.net/IntroductionEn.aspx?id=168
Monday, March 28, 2011
Sunday, March 27, 2011
Virginia opens new forensics lab Thursday - Portland Business Journal:
bhutan-warwick.blogspot.com
The standard brick veneer and tranquil parkingy lot give away nothing of the actua activity inside one of newest building. On one end, investigators and scientists pore over hair and tissu DNA of some ofthe state’s most dangerou criminals to learn what they did, whiler at the other, they pry open the dead bodies of society’se latest victims to learn what was done to them. The lab is locatedr on a 10-acre spot across from ’sx campus in the massive maze ofthe Innovation@Princew William County Technology Park. The 114,000-square-foog building will replace thestate 30,000-square-foot headquarterd in Fairfax, where officials say the spac was bursting at the seams.
“When we moved into the old lab [in we outgrew it in a year,” said Amy lab director for the Northern Virginiaforensicz lab, one of four branches “Coming here, we can go back to being full-service.” Now, the combinede space for the Northern Virginia branc of the Department of Forensic which claims 60,000 square feet, and the Office of the Chief Medicap Examiner, claiming 26,000 square feet, is intended to offer room to grow througy at least the next decade. With 46 employeee there now, the building has a capacity of110 employees.
The new buildingh also houses anew 26,000-square-foot trainingt suite, an improvement from the old building, wher class attendees would have to sit or stand in the back of employeer offices. In addition, the evidence vault for the forensics lab, whicu oversees roughly 10,000 cases at any givenn time, is up to four times the size ofthe old, and a largetr firearms and ballistics testing area allowes investigators to test more powerful weapons than before. Plus, the new medicalk examiner’s office space allows for storage of as many as 200 bodie s ina morgue, as well as a new biosafety lab wherre examiners can test potentially contagious bacteriaq or viruses, including anthrax.
The project, which has applieds for the silver level of Leadershio in Energy and Environmentapl Design greenbuilding standards, was built as a public-private partnershiop deal that Prince William County officials hope will also boostr its biotech portfolio. The state footed the but awarded the overall development contractto Rockville-based , which transferred the project to McLean-based LLC monthw later when the latter’s founders split off from Scheer in 2007. was the general contractor, with MWL Architects and McKinneyand Co. servinvg as the principal designersand engineers.
The building’sz opening, hosted by Appian, comes days aftefr the District pulled backa $133 milliob construction contract to build its own consolidated forensics lab in Southwestf D.C. because of concerns that competintgbids weren’t properly evaluated. D.C. leaderss are planning to erecta $220 million building on the site of the former Metropolitan Police Department Firstt District Headquarters at 415 4th St. SW.
The standard brick veneer and tranquil parkingy lot give away nothing of the actua activity inside one of newest building. On one end, investigators and scientists pore over hair and tissu DNA of some ofthe state’s most dangerou criminals to learn what they did, whiler at the other, they pry open the dead bodies of society’se latest victims to learn what was done to them. The lab is locatedr on a 10-acre spot across from ’sx campus in the massive maze ofthe Innovation@Princew William County Technology Park. The 114,000-square-foog building will replace thestate 30,000-square-foot headquarterd in Fairfax, where officials say the spac was bursting at the seams.
“When we moved into the old lab [in we outgrew it in a year,” said Amy lab director for the Northern Virginiaforensicz lab, one of four branches “Coming here, we can go back to being full-service.” Now, the combinede space for the Northern Virginia branc of the Department of Forensic which claims 60,000 square feet, and the Office of the Chief Medicap Examiner, claiming 26,000 square feet, is intended to offer room to grow througy at least the next decade. With 46 employeee there now, the building has a capacity of110 employees.
The new buildingh also houses anew 26,000-square-foot trainingt suite, an improvement from the old building, wher class attendees would have to sit or stand in the back of employeer offices. In addition, the evidence vault for the forensics lab, whicu oversees roughly 10,000 cases at any givenn time, is up to four times the size ofthe old, and a largetr firearms and ballistics testing area allowes investigators to test more powerful weapons than before. Plus, the new medicalk examiner’s office space allows for storage of as many as 200 bodie s ina morgue, as well as a new biosafety lab wherre examiners can test potentially contagious bacteriaq or viruses, including anthrax.
The project, which has applieds for the silver level of Leadershio in Energy and Environmentapl Design greenbuilding standards, was built as a public-private partnershiop deal that Prince William County officials hope will also boostr its biotech portfolio. The state footed the but awarded the overall development contractto Rockville-based , which transferred the project to McLean-based LLC monthw later when the latter’s founders split off from Scheer in 2007. was the general contractor, with MWL Architects and McKinneyand Co. servinvg as the principal designersand engineers.
The building’sz opening, hosted by Appian, comes days aftefr the District pulled backa $133 milliob construction contract to build its own consolidated forensics lab in Southwestf D.C. because of concerns that competintgbids weren’t properly evaluated. D.C. leaderss are planning to erecta $220 million building on the site of the former Metropolitan Police Department Firstt District Headquarters at 415 4th St. SW.
Friday, March 25, 2011
KCS, WWL to put Nissan distribution center in Houston area - Houston Business Journal:
raisavydyexuwowi.blogspot.com
Kansas City, Mo.-based railroad operator (NYSE: KSU) and have agreefd to establisha finished-vehicle distribution center adjacent to the CenterPointf Intermodal Center-Houston Metro hub. The centee will act as a regional automotive distribution center in The new facility willallow WWL, a European-based provider of factory-to-dealer transport solutions, to provide new vehicle distributionn service to Texas, Louisianaw and Oklahoma from a singld site. Wallenius Wilhelmsen Logistics’ Americas unit has an officde in Galveston. The CenterPoint Intermodal Center-Houstonm Metro hub is an 800-acre intermoda l and automotive logistics park located 35 miled southwestof Houston.
It is also on the new Victoria to Rosenber KCS main line and providesw direct access to the Nissam manufacturing facility at Mexico and the Port ofLazaro Cardenas. The facility is a joinft development projectof Oakbrook, Ill.-based , an owner and managefr of industrial real estate and related rail, road and port and The
Kansas City, Mo.-based railroad operator (NYSE: KSU) and have agreefd to establisha finished-vehicle distribution center adjacent to the CenterPointf Intermodal Center-Houston Metro hub. The centee will act as a regional automotive distribution center in The new facility willallow WWL, a European-based provider of factory-to-dealer transport solutions, to provide new vehicle distributionn service to Texas, Louisianaw and Oklahoma from a singld site. Wallenius Wilhelmsen Logistics’ Americas unit has an officde in Galveston. The CenterPoint Intermodal Center-Houstonm Metro hub is an 800-acre intermoda l and automotive logistics park located 35 miled southwestof Houston.
It is also on the new Victoria to Rosenber KCS main line and providesw direct access to the Nissam manufacturing facility at Mexico and the Port ofLazaro Cardenas. The facility is a joinft development projectof Oakbrook, Ill.-based , an owner and managefr of industrial real estate and related rail, road and port and The
Wednesday, March 23, 2011
Hialeah woman charged with tax fraud - South Florida Business Journal:
Sanyo 26THHW72R
According to the indictment, between 2001 and 2005 Zullt M. Cordoba assisted in the preparatiom of morethan 3,700 tax returnz and more than 6,100 amended returns on behalf of numerous clientz and herself. Cordoba worked out of her home betweebn 2001and 2003, and from 2003 to 2005 operated under the name from storefront offices in a Hialeagh mall, according to a news release from the U.S. Attorney for the Southerh Districtof Florida.
In each of the she is alleged to have falsified documentation such as employee expenses and charitable Foreach 1040, she charged anywhere from $35 to For the amended returns she receivedd a percentage based on the amoun t of the refund, according to the “Due to the refund-dependent nature of Cordoba’s 10 percent fee arrangement, Cordoba benefittedx financially to an extent which increaser proportionally in relation to the amount of additionalk deductions and expenses included in the 1040dX returns which she prepared,” the indictment reads.
If she faces up to three years oneach
According to the indictment, between 2001 and 2005 Zullt M. Cordoba assisted in the preparatiom of morethan 3,700 tax returnz and more than 6,100 amended returns on behalf of numerous clientz and herself. Cordoba worked out of her home betweebn 2001and 2003, and from 2003 to 2005 operated under the name from storefront offices in a Hialeagh mall, according to a news release from the U.S. Attorney for the Southerh Districtof Florida.
In each of the she is alleged to have falsified documentation such as employee expenses and charitable Foreach 1040, she charged anywhere from $35 to For the amended returns she receivedd a percentage based on the amoun t of the refund, according to the “Due to the refund-dependent nature of Cordoba’s 10 percent fee arrangement, Cordoba benefittedx financially to an extent which increaser proportionally in relation to the amount of additionalk deductions and expenses included in the 1040dX returns which she prepared,” the indictment reads.
If she faces up to three years oneach
Monday, March 21, 2011
Reports: CBS, Warner Bros. Want Charlie Sheen Back - ABC News
Amana AP095R
Reports: CBS, Warner Bros. Want Charlie Sheen Back ABC News Meanwhile, Sheen hasn't taken back any of the not-so-kind words he had for his former bosses (or "trolls," in his words). Minutes after CBS and Warner Bros. fired him on March 7, Sheen released his statement to TMZ.com: "This is very good news. ... Where You Winning? Barcelona Charlie Sheen Takes Meeting With Mark Cuban Amidst CBS Rumors |
Saturday, March 19, 2011
Real Estate Review - New Mexico Business Weekly:
Air Purifiers Pittsburgh
A groundbreaking is scheduled June 8 for the elementary and middleeschool projects. The $40 million middlr school construction work has been awardedto . Van Gilber & Assoc. is doinh the architecture. The $19 million elementary school features the architecturd of the andDND Construction. just won the $100 milliobn high school construction job, and the architectxs are and Las Cruces’ ASA Architects Groundbreaking is set to take place inJuly 2010. The new 344,000-square-foogt school, at Dripping Springs Road and Sonoma is designed toaccommodate 2,000. It will take two yeard to build.
A groundbreaking is scheduled June 8 for the elementary and middleeschool projects. The $40 million middlr school construction work has been awardedto . Van Gilber & Assoc. is doinh the architecture. The $19 million elementary school features the architecturd of the andDND Construction. just won the $100 milliobn high school construction job, and the architectxs are and Las Cruces’ ASA Architects Groundbreaking is set to take place inJuly 2010. The new 344,000-square-foogt school, at Dripping Springs Road and Sonoma is designed toaccommodate 2,000. It will take two yeard to build.
Thursday, March 17, 2011
Westinghouse seeks (even more) space - Pittsburgh Business Times:
Air Purifiers Philadelphia
The company is searching for additional office spacee nearits new, $216 million home, a territory that includes both Wexfor d and Cranberry, said spokesman Thomas “For the near-term, they’re looking for existin g sites that are available,” said noting the company has an optioj to build another office buildingb on available space withinj the Cranberry Woods property. “Igt makes more sense for the near-term to look at existingh properties than to buildanother building.
” The company’s growtyh demands are underscored by an econom y in a deep recession and the fact that Westinghouse’sd recently completed headquarters was already among the region’ s largest construction projects. Its new building offers more spacs than OnePPG Place, the region’s fifth-largest Downtown offic building.
The company is searching for additional office spacee nearits new, $216 million home, a territory that includes both Wexfor d and Cranberry, said spokesman Thomas “For the near-term, they’re looking for existin g sites that are available,” said noting the company has an optioj to build another office buildingb on available space withinj the Cranberry Woods property. “Igt makes more sense for the near-term to look at existingh properties than to buildanother building.
” The company’s growtyh demands are underscored by an econom y in a deep recession and the fact that Westinghouse’sd recently completed headquarters was already among the region’ s largest construction projects. Its new building offers more spacs than OnePPG Place, the region’s fifth-largest Downtown offic building.
Monday, March 14, 2011
Bancolombia S.A. Announces Unconsolidated Results for the Month of May 2009
Danby DPAC7599
billion for the montn ended May 31, 2009. Net income for Bancolombiqa on an unconsolidated basistotaled Ps. 479.1 billionn for the first five monthsof 2009, decreasing 4.3% as comparer to the same period last -- Net interest income, including investment totaled Ps. 208.6 billion in May 2009. For the five monthn period endedMay 31, 2009, net interest income totaled Ps. 1,154.5 increasing 14.9% as compared to the same perioslast year. -- Net fees and incomd from servicestotaled Ps. 71.0 billioh in May 2009. For the five month period endedMay 31, net fees and income from services totaled Ps. 339.1 which represents an increaseof 10.0% as compared to the same perioc of 2008.
-- Other operatinb income registered a lossof Ps. 1.2 billio in May 2009. For the five mont period endedMay 31, other operating income totaled Ps. 190.2 decreasing 42.1% as compared to the same perioddlast year. Bancolombia notes that a considerable part of this revenuer comes from dividend income receivedfrom subsidiaries, which is eliminate in the consolidated results as it is an intercompanhy transaction. As a result, this dividendf income is only recordedin Bancolombia's unconsolidated results. The Bank also notese that the item line of incomre from derivative financial instruments has been negativelh impacted bya Ps.
105 billion charge during the five montn period endedMay 31, 2009, related to rule changes concerning valuatioh methodologies for derivative instruments established by the Colombian The Bank will finish amortizing the reductio n in the carrying value of derivatives in June 2009. -- Net provisionsd charges totaled Ps. 52.1 billion in May 2009. Net provisionss totaled Ps. 340.3 billion for the five monthh period endedMay 31, 2009, whicn represents an increase of 66.2% as compared to the same periodx of 2008. -- Operatinvg expenses totaled Ps. 158.2 billionh in May 2009. For the five month period ended May 31, 2009, operating expenses totaled Ps. 809.3 billion, increasingg 15.
4% as compared to the same periodof 2008. Totao assets (unconsolidated) amounted to Ps. 40.4 trillion, gross loands amounted to Ps. 28.4 trillion, deposits totalexd Ps. 26.7 trillion and Bancolombia'zs total shareholders' equity amounted to Ps. 5.9 trillion. Bancolombia's unconsolidatef level of past dueloans (overdue more than 30 as a percentage of total loans was 3.75 as of May 31, 2009, and the coverage for past due loanw was 139.9% as of the same According to ASOBANCARIA (Colombia's national banking Bancolombia's market share of the Colombian financial system as of May 2009 was as follows: 21.7 of total net loans, 21.2% of total checking 19.8% of total savings accounts, 18.
6% of time depositsz and 19.6% of tota deposits. * This report corresponds to the unconsolidated financiak statementsof Bancolombia. The numbers contained herein are subject to review by the relevanfColombian authorities. This information has been prepared in accordancew with generally accepted accountintg principles in Colombia and is stated innominao terms. Contact: Sergio Restrepo Executive VP Tel.: (574) 4041424 Jaimre A. Velasquez Financial VP Tel.: (574) 4042199 Juan Estebab Toro IR Manager Tel.: 4041837 SOURCE Bancolombia S.A.
billion for the montn ended May 31, 2009. Net income for Bancolombiqa on an unconsolidated basistotaled Ps. 479.1 billionn for the first five monthsof 2009, decreasing 4.3% as comparer to the same period last -- Net interest income, including investment totaled Ps. 208.6 billion in May 2009. For the five monthn period endedMay 31, 2009, net interest income totaled Ps. 1,154.5 increasing 14.9% as compared to the same perioslast year. -- Net fees and incomd from servicestotaled Ps. 71.0 billioh in May 2009. For the five month period endedMay 31, net fees and income from services totaled Ps. 339.1 which represents an increaseof 10.0% as compared to the same perioc of 2008.
-- Other operatinb income registered a lossof Ps. 1.2 billio in May 2009. For the five mont period endedMay 31, other operating income totaled Ps. 190.2 decreasing 42.1% as compared to the same perioddlast year. Bancolombia notes that a considerable part of this revenuer comes from dividend income receivedfrom subsidiaries, which is eliminate in the consolidated results as it is an intercompanhy transaction. As a result, this dividendf income is only recordedin Bancolombia's unconsolidated results. The Bank also notese that the item line of incomre from derivative financial instruments has been negativelh impacted bya Ps.
105 billion charge during the five montn period endedMay 31, 2009, related to rule changes concerning valuatioh methodologies for derivative instruments established by the Colombian The Bank will finish amortizing the reductio n in the carrying value of derivatives in June 2009. -- Net provisionsd charges totaled Ps. 52.1 billion in May 2009. Net provisionss totaled Ps. 340.3 billion for the five monthh period endedMay 31, 2009, whicn represents an increase of 66.2% as compared to the same periodx of 2008. -- Operatinvg expenses totaled Ps. 158.2 billionh in May 2009. For the five month period ended May 31, 2009, operating expenses totaled Ps. 809.3 billion, increasingg 15.
4% as compared to the same periodof 2008. Totao assets (unconsolidated) amounted to Ps. 40.4 trillion, gross loands amounted to Ps. 28.4 trillion, deposits totalexd Ps. 26.7 trillion and Bancolombia'zs total shareholders' equity amounted to Ps. 5.9 trillion. Bancolombia's unconsolidatef level of past dueloans (overdue more than 30 as a percentage of total loans was 3.75 as of May 31, 2009, and the coverage for past due loanw was 139.9% as of the same According to ASOBANCARIA (Colombia's national banking Bancolombia's market share of the Colombian financial system as of May 2009 was as follows: 21.7 of total net loans, 21.2% of total checking 19.8% of total savings accounts, 18.
6% of time depositsz and 19.6% of tota deposits. * This report corresponds to the unconsolidated financiak statementsof Bancolombia. The numbers contained herein are subject to review by the relevanfColombian authorities. This information has been prepared in accordancew with generally accepted accountintg principles in Colombia and is stated innominao terms. Contact: Sergio Restrepo Executive VP Tel.: (574) 4041424 Jaimre A. Velasquez Financial VP Tel.: (574) 4042199 Juan Estebab Toro IR Manager Tel.: 4041837 SOURCE Bancolombia S.A.
Saturday, March 12, 2011
Boeing Co. donates $5M to national black history museum - San Antonio Business Journal:
http://acrowdedfire.com/fatalheartbreak.html
The money is to support the design and constructio ofthe Washington, D.C. museum, Boeing said. The conceptf was approved in December 2003, when President Bush signef legislation establishing the museum as part ofthe . It will be builtf on a five-acre site and is scheduled to open in Decembert 2015 at a cost ofabout $500 The donation was announced Fridayg by Boeing leaders, Rep. Norman D. Dicks, D-WA, Cristián acting secretary of the Smithsonian andLonniee G.
Bunch III, founding director of the "At Boeing we feel strongluy that the key to both in business and inthe community, is peoplw working together, offering their diverses perspectives and experiences," Tod a Boeing senior vice president, said in a news "That is what this grant is designedr to foster, so that this museum will be trulgy representative of African American historu and culture." "We are gratefupl to Boeing for its support of our commitmentt to educate, engage and motivate people -- all people -- to pay attentioj to this nation and to the uniqued role African Americans played in its growth," Bunch said.
"Having the Boeing company join us so earlty in the development of this museum helpd bolster our belief that the work of this museumn is too important to wait untilp the museumis built." Headquartered in Boeing employs more than 160,000 people across the Unitedf States and in 70 countries.
The money is to support the design and constructio ofthe Washington, D.C. museum, Boeing said. The conceptf was approved in December 2003, when President Bush signef legislation establishing the museum as part ofthe . It will be builtf on a five-acre site and is scheduled to open in Decembert 2015 at a cost ofabout $500 The donation was announced Fridayg by Boeing leaders, Rep. Norman D. Dicks, D-WA, Cristián acting secretary of the Smithsonian andLonniee G.
Bunch III, founding director of the "At Boeing we feel strongluy that the key to both in business and inthe community, is peoplw working together, offering their diverses perspectives and experiences," Tod a Boeing senior vice president, said in a news "That is what this grant is designedr to foster, so that this museum will be trulgy representative of African American historu and culture." "We are gratefupl to Boeing for its support of our commitmentt to educate, engage and motivate people -- all people -- to pay attentioj to this nation and to the uniqued role African Americans played in its growth," Bunch said.
"Having the Boeing company join us so earlty in the development of this museum helpd bolster our belief that the work of this museumn is too important to wait untilp the museumis built." Headquartered in Boeing employs more than 160,000 people across the Unitedf States and in 70 countries.
Wednesday, March 9, 2011
Fight Night Champion Article Rating - New York Daily News
proklofuxaanygez.blogspot.com
New York Daily News | Fight Night Champion Article Rating New York Daily News EA has included some barebones storytelling in be-a-star modes in the past, but nothing like this. Because of the fragmentation of the sport, EA is able to take great license with "Fight Night Champion's" story. There is a crooked promoter in McQueen, ... Fight Night Champion by EA Sports Review A Not-So-Successful Comeback TK-Whoa: The "Fight Night Champion" Review |
Monday, March 7, 2011
Weekdays 4p et - Fox News (blog)
http://www.yctest.com/website-design-prices.html
CBS News | Weekdays 4p et Fox News (blog) To honor Buckles in the Rotunda, both houses of Congress must agree to a resolution to use the space for that purpose. What's interesting is that in Washington, lawmakers and officials often defer to the wishes of families when it comes to honoring the ... Honoring WWI vet symbolic Buckles' Daughter Not Taking 'No' for an Answer on Rotunda Honor Last WWI vet gets caught up in politics |
Friday, March 4, 2011
Highwoods sells retail centers for $62.1M - Phoenix Business Journal:
http://my3strands.com/eternity/Bereavement-Poem-to-Dispel-Grief.html
for $62.1 million, the Raleigh-baser real estate investment trustsaid Friday. The three centers are, on average, 94.5 percent leased and 55 yearsa old. They generate a combined net operating incomeof $5.4 million a Highwoods (NYSE: HIW) said. “Our focus remainsd on continuing to improve the overal quality of our portfolio through the dispositionof non-core assets,” said Ed president and chief executivre officer of Highwoods. “In addition, by sellintg these older, capital intensive retail we are avoidingover $3 million in buildingh improvements that would have been incurred over the next two Our 2.
3 million square feet of office and retaip properties in Kansas City are now exclusively located in and aroundr the Country Club Plaza, a unique, upscals retail center that includes many high-endf national retailers.” As of March 31, Highwoods owned or had an interestr in 382 in-service office, industrial and retail properties encompassinhg about 35.4 million square feet.
for $62.1 million, the Raleigh-baser real estate investment trustsaid Friday. The three centers are, on average, 94.5 percent leased and 55 yearsa old. They generate a combined net operating incomeof $5.4 million a Highwoods (NYSE: HIW) said. “Our focus remainsd on continuing to improve the overal quality of our portfolio through the dispositionof non-core assets,” said Ed president and chief executivre officer of Highwoods. “In addition, by sellintg these older, capital intensive retail we are avoidingover $3 million in buildingh improvements that would have been incurred over the next two Our 2.
3 million square feet of office and retaip properties in Kansas City are now exclusively located in and aroundr the Country Club Plaza, a unique, upscals retail center that includes many high-endf national retailers.” As of March 31, Highwoods owned or had an interestr in 382 in-service office, industrial and retail properties encompassinhg about 35.4 million square feet.
Wednesday, March 2, 2011
Carolinas HealthCare reduces 1Q loss - South Florida Business Journal:
budimirukaovyril.blogspot.com
Investment losses for the latest quarter totaledxnearly $101 million. Chief Financial Officer Greg Gombadr anticipates gains in the financial market in Apriol and May will erasethose losses. Carolinas HealthCarr uses investment earnings forcapital expenditures. That money is not used for dail operations. The health-care system hopes negotiations with severapl lenders will cut its interest expenses tied to variablr debt andhigher bank-liquidityh fees. Those fees are about $1 millionj per month. Interest expenses in the first quarterwere $21.88 million.
From an operational standpoint, Carolinas HealthCaree had a strongfirst quarter, says Russ executive vice president for business developmengt and planning. Net operating revenue climbed 8.6 percent to $1.2 billion systemwide. Operating income exceededf $24.5 million. The health-care system saw adjusteds discharges — a calculationm that gauges patientactivity — climb 5.2 percen t from a year earlier.
Growthy within the health-care system and expens e management “is the primary driver why we’rd above budget significantly,” Guerin Carolinas HealthCare spent morethan $106 million on capitakl projects in the first Projects include new operating rooms at CMC-NorthEast and Carolinazs Medical Center, an expansion of CMC-Pineville, a new hospitall at CMC-Lincoln and construction of health-care pavilions in Steele Creemk and Waxhaw, which will include free-standing emergency Challenges in the coming months include managing the system’se growing bad-debt and charity-care costs, reducin g interest expenses and preparing for a possible statse cut in Medicaid funding, Gombar says.
Bad-debt costs were 12 percent over budgetf during thefirst quarter, toppingg $48 million in the first quarter. Duringg the same period last year, bad debt was aboutt $43 million. The health-care system spent more than $770 million in community care in 2008, including bad charity care and subsidizinh Medicareand Medicaid. That equals 18.8 percent of the health-car e system’s net operating revenue. ”It’s a trend everybody’s seeing acrosds the country,” Gombar says. “We can’tg control how many people are how many people show up at our doorwithour insurance.
” North Carolina’s budget woes could results in a cut of up to 15 percen t for Medicaid. That could equate to $36 million in annua l losses forCarolinas HealthCare. “Medicaid cuts are the worst economic benefit cut the state can Gombar says. “It’s painful.” Says Guerin: “It raisex prices for those whodo pay. It makes no good business sense to do Gombar says every dollar cut from Medicaideliminates $4 from the Carolinas HealthCare is the largest health-care syste m in the Carolinas and the third-largest publiv system in the nation. The systejm owns, leases or manages 25 hospitals. It has more than 40,000 full-- and part-time employees.
Investment losses for the latest quarter totaledxnearly $101 million. Chief Financial Officer Greg Gombadr anticipates gains in the financial market in Apriol and May will erasethose losses. Carolinas HealthCarr uses investment earnings forcapital expenditures. That money is not used for dail operations. The health-care system hopes negotiations with severapl lenders will cut its interest expenses tied to variablr debt andhigher bank-liquidityh fees. Those fees are about $1 millionj per month. Interest expenses in the first quarterwere $21.88 million.
From an operational standpoint, Carolinas HealthCaree had a strongfirst quarter, says Russ executive vice president for business developmengt and planning. Net operating revenue climbed 8.6 percent to $1.2 billion systemwide. Operating income exceededf $24.5 million. The health-care system saw adjusteds discharges — a calculationm that gauges patientactivity — climb 5.2 percen t from a year earlier.
Growthy within the health-care system and expens e management “is the primary driver why we’rd above budget significantly,” Guerin Carolinas HealthCare spent morethan $106 million on capitakl projects in the first Projects include new operating rooms at CMC-NorthEast and Carolinazs Medical Center, an expansion of CMC-Pineville, a new hospitall at CMC-Lincoln and construction of health-care pavilions in Steele Creemk and Waxhaw, which will include free-standing emergency Challenges in the coming months include managing the system’se growing bad-debt and charity-care costs, reducin g interest expenses and preparing for a possible statse cut in Medicaid funding, Gombar says.
Bad-debt costs were 12 percent over budgetf during thefirst quarter, toppingg $48 million in the first quarter. Duringg the same period last year, bad debt was aboutt $43 million. The health-care system spent more than $770 million in community care in 2008, including bad charity care and subsidizinh Medicareand Medicaid. That equals 18.8 percent of the health-car e system’s net operating revenue. ”It’s a trend everybody’s seeing acrosds the country,” Gombar says. “We can’tg control how many people are how many people show up at our doorwithour insurance.
” North Carolina’s budget woes could results in a cut of up to 15 percen t for Medicaid. That could equate to $36 million in annua l losses forCarolinas HealthCare. “Medicaid cuts are the worst economic benefit cut the state can Gombar says. “It’s painful.” Says Guerin: “It raisex prices for those whodo pay. It makes no good business sense to do Gombar says every dollar cut from Medicaideliminates $4 from the Carolinas HealthCare is the largest health-care syste m in the Carolinas and the third-largest publiv system in the nation. The systejm owns, leases or manages 25 hospitals. It has more than 40,000 full-- and part-time employees.
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