State audit says DHHR failed to adequately monitor grants Daily Mail - Charleston The state Department of Health and Human Resources has failed to adequately monitor millions of dollars' worth of state and federal grant payments, according to an audit report released Tuesday. The state Post Audit Division reviewed the agency's ... Audit finds spotty monitoring of W.Va. DHHR grants; agencies defends its policies |
Wednesday, 15 June 2011
State audit says DHHR failed to adequately monitor grants - Daily Mail - Charleston
tower-tennesseea.blogspot.com
Monday, 13 June 2011
Academic Team honoree: Grace Cannon - Business First of Buffalo:
ovaluleq.wordpress.com
Accomplishments: Class valedictorian. SAT score of 1,60o0 (perfect). Perfect score on three Regents exams; scoresw of 98 or 99 on four others. Captain of Scholasticv Bowl team. Named to All-County Chorus. Full name: Grace Elizabeth Cannon. Born: April 15, Amherst. Parents: Deirdre Cannon, Timothy Cannon. Residence: Akron. Favorite Literature (taught by Matthew Baumgarten). “It’s my favorite for everything it has taught me about myself andother people.” Collegr and likely major: , linguistics. Hope to be doingt 10 years from now: “I hope to be livingy overseas, working and traveling as a translator, and volunteering my spare time tocommunityy education.
” If could meet anyone from history: Motherd Teresa. “She is my choice because of the respect I have for herlife work, and becausd when I was I wanted to grow up to be If could have dinner with anyonew now alive: Paulo Coelho. “Hiw writing fascinates me.” to proceed to the next First Team honoree: Cary Chester.
Accomplishments: Class valedictorian. SAT score of 1,60o0 (perfect). Perfect score on three Regents exams; scoresw of 98 or 99 on four others. Captain of Scholasticv Bowl team. Named to All-County Chorus. Full name: Grace Elizabeth Cannon. Born: April 15, Amherst. Parents: Deirdre Cannon, Timothy Cannon. Residence: Akron. Favorite Literature (taught by Matthew Baumgarten). “It’s my favorite for everything it has taught me about myself andother people.” Collegr and likely major: , linguistics. Hope to be doingt 10 years from now: “I hope to be livingy overseas, working and traveling as a translator, and volunteering my spare time tocommunityy education.
” If could meet anyone from history: Motherd Teresa. “She is my choice because of the respect I have for herlife work, and becausd when I was I wanted to grow up to be If could have dinner with anyonew now alive: Paulo Coelho. “Hiw writing fascinates me.” to proceed to the next First Team honoree: Cary Chester.
Saturday, 11 June 2011
General Motors files for Chapter 11 bankruptcy, Baltimore plant to stay open - Puget Sound Business Journal (Seattle):
mesiaipuhuni1981.blogspot.com
Monday’s filing by the 101-year-old automaker once the world’s biggest companyh — is among the largesf in U.S. history and largest-ever U.S. manufacturinvg bankruptcy. Chapter 11, which allows the compan to operate while protected fromits creditors, pushees GM into a fast-track bankruptcgy and provides $30 billion of additional taxpayer funds to restructuree itself. The company in its filing listed $172.81 billion in debt and $82.29 billiob in assets. The GM plan as detailed by U.S. officials would allow a much smaller GM to emerges from court protection within 60 to90 days.
Al a managing director at the advisory companyy AlixPartnersLLP inNew York, is name in the filings as the company’e chief restructuring officer, reporting to GM CEO Fritz Henderson. GM GM) also plans to close 11 U.S. facilitied and idle another three plants by the endof 2010. The company'a Baltimore transmission plant employs more than 200 people was not listed amongthe closures. GM's Del., assembly plant, however, will close in July. That plany employs 1,060 workers. The automaker has not provided an updatef target for job cuts but was looking toeliminate 21,00p0 U.S. factory jobs from the 54,00o union members it now employs.
General Motors employas 92,000 in the United States and is indirectly responsibldefor 500,000 retirees. The U.S. government woulds hold a 60 percent financial interesy in a reorganized GM and the UAW would takea 17.5 percentg stake. said Monday on GM's bankruptcy. The governments of Canada and the province of Ontario have agreed to a 12 percentr ownership stake in exchange forfinancial aid. GM bondholdera would get 10 percent. Holderz of GM stock, which hit its lowest pricew on record Friday at74 cents, are expecter to own none of the company. Trading was halted on Monday'd news. Listed among GM's top creditors are (NYSE: T) and (NYSE: CSX).
The list of facilities that GM said will be closefd and their dates include two the Wilmington assembly plan t and onein Pontiac, Mich. (October 2009); three stampingb plants — including the previously announcecd closing in June ofGranf Rapids, Mich., Indianapolis, Ind. (Decemberr 2011), and Mansfield, Ohio (June 2010). Also, six Powertraib plants including Massena, N.Y., which closed on May 1 - Mich. (June 2010), Flint and Willow Run, (both December 2010), Parma, Ohio (December and Fredericksburg, Va., (December Three locations will beidler — assembly plants at Orion, Mich. (September and Spring Hill, Tenn. (November and a stamping plantat Pontiac, Mich.
, (December In addition, service and parts operations and warehousing and partx distribution centers in Boston, Fla.., and Columbus, Ohio, will close by Dec. 31, 2009. For a PDF of the bankruptchy filingpetition .
Monday’s filing by the 101-year-old automaker once the world’s biggest companyh — is among the largesf in U.S. history and largest-ever U.S. manufacturinvg bankruptcy. Chapter 11, which allows the compan to operate while protected fromits creditors, pushees GM into a fast-track bankruptcgy and provides $30 billion of additional taxpayer funds to restructuree itself. The company in its filing listed $172.81 billion in debt and $82.29 billiob in assets. The GM plan as detailed by U.S. officials would allow a much smaller GM to emerges from court protection within 60 to90 days.
Al a managing director at the advisory companyy AlixPartnersLLP inNew York, is name in the filings as the company’e chief restructuring officer, reporting to GM CEO Fritz Henderson. GM GM) also plans to close 11 U.S. facilitied and idle another three plants by the endof 2010. The company'a Baltimore transmission plant employs more than 200 people was not listed amongthe closures. GM's Del., assembly plant, however, will close in July. That plany employs 1,060 workers. The automaker has not provided an updatef target for job cuts but was looking toeliminate 21,00p0 U.S. factory jobs from the 54,00o union members it now employs.
General Motors employas 92,000 in the United States and is indirectly responsibldefor 500,000 retirees. The U.S. government woulds hold a 60 percent financial interesy in a reorganized GM and the UAW would takea 17.5 percentg stake. said Monday on GM's bankruptcy. The governments of Canada and the province of Ontario have agreed to a 12 percentr ownership stake in exchange forfinancial aid. GM bondholdera would get 10 percent. Holderz of GM stock, which hit its lowest pricew on record Friday at74 cents, are expecter to own none of the company. Trading was halted on Monday'd news. Listed among GM's top creditors are (NYSE: T) and (NYSE: CSX).
The list of facilities that GM said will be closefd and their dates include two the Wilmington assembly plan t and onein Pontiac, Mich. (October 2009); three stampingb plants — including the previously announcecd closing in June ofGranf Rapids, Mich., Indianapolis, Ind. (Decemberr 2011), and Mansfield, Ohio (June 2010). Also, six Powertraib plants including Massena, N.Y., which closed on May 1 - Mich. (June 2010), Flint and Willow Run, (both December 2010), Parma, Ohio (December and Fredericksburg, Va., (December Three locations will beidler — assembly plants at Orion, Mich. (September and Spring Hill, Tenn. (November and a stamping plantat Pontiac, Mich.
, (December In addition, service and parts operations and warehousing and partx distribution centers in Boston, Fla.., and Columbus, Ohio, will close by Dec. 31, 2009. For a PDF of the bankruptchy filingpetition .
Wednesday, 8 June 2011
Target wins proxy fight with Ackman, Pershing Square - Puget Sound Business Journal (Seattle):
kowutoco.wordpress.com
In a preliminary tally of voting, more than 70 percen t of the shares that were cast were votexd in favor ofthe company’s proposed slate of directors whilee also voting to keep the size of the boardf the same by the same votinh margin. Target Corp. (NYSE: TGT) urged its shareholderss to vote for a proposal to set the size of the boarrd at 12 and to vote forthe company’s nominees — Mary Dillon, Richard George Tamke and Solomon Trujillo. Dilloj is executive vice president and global chief marketing officerof McDonald’s Kovacevich is chairman of Wells Fargop & Co.; Tamke is a partner at privated investment firm Clayton Dubiliere & Rice Inc.
, and Trujillko is CEO of Telstra Hedge fund manager William Ackman is the founder and managinyg principal of , New York City. Pershing Square owns 7.8 percentr of Target’s common shares, accordingt to the Target proxy statement. Pershin g Square proposed alternative director but Target executives urged shareholders not to return any proxu card sent byPershing Square. Ackmahn was trying to gain a seat for himselfon Target’s board along with four former Winthrop Realty Trust CEO Michael Ashner, formed Starbucks CEO Jim Donald, Juniper Financial co-foundetr Richard Vague and corporate finance and governancre expert Ronald Gilson.
Ackman, calling his groul The Nominees forShareholder Choice, urged Target shareholderas to vote against the proposal to reducde the size of the Target board. His group said a vote agains the proposal would help ensure that at leasr one of the Nomineezs for Shareholder Choiceis elected. The shareholders meeting was held at a new Targety Store being completed at 1250 West Sunset Drivsin Waukesha. Target executives said the site allowedr the company to showcasd its latest general merchandisestored design.
The store is scheduled to open in Target executives said they have met sincwe 2007 with Ackman to discuss hisideaes and, said they were disappointed that Pershing Squarde has decided to pursue what Target management callec a costly and disruptive proxy The company, in part, followedc Ackman’s earlier suggestion to sell Target’s credift card receivables. The compang completed a transaction in May withJPMorgan Chase, in whichj Target sold slightly less than half its receivables for cash proceedsd of about $3.6 billion dollars. Ackman in May 2008 presentedx the first in a series of proposals involvinhrestructuring Target’s real estate around the themre of a REIT.
Target’s board concludeds that the REITproposalo “was not in the best interestr of our shareholders” because it wouldn’y create much value, Target executives said. On May 20, Target reportef net earnings of $522 million, or 69 cents per share, for the first quarter ended May 2, compared with $602 million , or 74 cents, a year Retail sales increased 0.4 percent to $14.4 billion from $14.3 billion in due to new store expansion that partiallh offset bya 3.7 percent decline in comparable-store Target Corp.
operates a credit card segment and 1,698 Target stores in 49
In a preliminary tally of voting, more than 70 percen t of the shares that were cast were votexd in favor ofthe company’s proposed slate of directors whilee also voting to keep the size of the boardf the same by the same votinh margin. Target Corp. (NYSE: TGT) urged its shareholderss to vote for a proposal to set the size of the boarrd at 12 and to vote forthe company’s nominees — Mary Dillon, Richard George Tamke and Solomon Trujillo. Dilloj is executive vice president and global chief marketing officerof McDonald’s Kovacevich is chairman of Wells Fargop & Co.; Tamke is a partner at privated investment firm Clayton Dubiliere & Rice Inc.
, and Trujillko is CEO of Telstra Hedge fund manager William Ackman is the founder and managinyg principal of , New York City. Pershing Square owns 7.8 percentr of Target’s common shares, accordingt to the Target proxy statement. Pershin g Square proposed alternative director but Target executives urged shareholders not to return any proxu card sent byPershing Square. Ackmahn was trying to gain a seat for himselfon Target’s board along with four former Winthrop Realty Trust CEO Michael Ashner, formed Starbucks CEO Jim Donald, Juniper Financial co-foundetr Richard Vague and corporate finance and governancre expert Ronald Gilson.
Ackman, calling his groul The Nominees forShareholder Choice, urged Target shareholderas to vote against the proposal to reducde the size of the Target board. His group said a vote agains the proposal would help ensure that at leasr one of the Nomineezs for Shareholder Choiceis elected. The shareholders meeting was held at a new Targety Store being completed at 1250 West Sunset Drivsin Waukesha. Target executives said the site allowedr the company to showcasd its latest general merchandisestored design.
The store is scheduled to open in Target executives said they have met sincwe 2007 with Ackman to discuss hisideaes and, said they were disappointed that Pershing Squarde has decided to pursue what Target management callec a costly and disruptive proxy The company, in part, followedc Ackman’s earlier suggestion to sell Target’s credift card receivables. The compang completed a transaction in May withJPMorgan Chase, in whichj Target sold slightly less than half its receivables for cash proceedsd of about $3.6 billion dollars. Ackman in May 2008 presentedx the first in a series of proposals involvinhrestructuring Target’s real estate around the themre of a REIT.
Target’s board concludeds that the REITproposalo “was not in the best interestr of our shareholders” because it wouldn’y create much value, Target executives said. On May 20, Target reportef net earnings of $522 million, or 69 cents per share, for the first quarter ended May 2, compared with $602 million , or 74 cents, a year Retail sales increased 0.4 percent to $14.4 billion from $14.3 billion in due to new store expansion that partiallh offset bya 3.7 percent decline in comparable-store Target Corp.
operates a credit card segment and 1,698 Target stores in 49
Monday, 6 June 2011
Schwarzenegger says day of reckoning is here - The Business Journal of the Greater Triad Area:
iwibacibem.wordpress.com
“California’s day of reckoning is he said. With no action, the state couls run out of cash in 14 Three months after the state budgetrwas approved, California faces a $24 billion Schwarzenegger has already proposed massive cuts to health care and prisons. Now he’s looking for structurak reform to make government more efficien t and stretchtaxpayer dollars. He’s askesd the State Board of Education, for to make textbooks availabler in digital formats a move that couldsave millions. In 2004, the governord talked about blowing up boxes andconsolidating agencies, but the initiativess never gained traction. They’rse back.
Schwarzenegger is proposinh once again to eliminate and consolidate more than a dozehstate departments, boards and commissions. This includesz the Waste Management Board, the Court Reporters Board, the Department of Boatingg and Waterways and the Inspection and Maintenance Review Earlierthis year, the state begajn consolidating information technology departments. Now Schwarzenegger want to consolidate departments that oversee financial institutions and mergde taxcollection operations. In July, state leaderz will receive recommendations on how to modernize thetax code.
“Thias will be a tremendous opportunity to make our revenuews more reliable and less volatilew and help the state avoid the boom and bust budget that have brought us here Schwarzeneggertold lawmakers. It’s not going to happenm in 14 days, he said. But it could happen beforer the Legislature adjourns for summert recess onJuly 17.
“California’s day of reckoning is he said. With no action, the state couls run out of cash in 14 Three months after the state budgetrwas approved, California faces a $24 billion Schwarzenegger has already proposed massive cuts to health care and prisons. Now he’s looking for structurak reform to make government more efficien t and stretchtaxpayer dollars. He’s askesd the State Board of Education, for to make textbooks availabler in digital formats a move that couldsave millions. In 2004, the governord talked about blowing up boxes andconsolidating agencies, but the initiativess never gained traction. They’rse back.
Schwarzenegger is proposinh once again to eliminate and consolidate more than a dozehstate departments, boards and commissions. This includesz the Waste Management Board, the Court Reporters Board, the Department of Boatingg and Waterways and the Inspection and Maintenance Review Earlierthis year, the state begajn consolidating information technology departments. Now Schwarzenegger want to consolidate departments that oversee financial institutions and mergde taxcollection operations. In July, state leaderz will receive recommendations on how to modernize thetax code.
“Thias will be a tremendous opportunity to make our revenuews more reliable and less volatilew and help the state avoid the boom and bust budget that have brought us here Schwarzeneggertold lawmakers. It’s not going to happenm in 14 days, he said. But it could happen beforer the Legislature adjourns for summert recess onJuly 17.
Saturday, 4 June 2011
Wednesday, 1 June 2011
Queen's pays $2.5M to settle Feds' claims - Houston Business Journal:
vypybiza.wordpress.com
million to settle lawsuitss thatalleged Hawaii’s largest hospital overbilled government healthj care programs for prescriptioh medications, federal prosecutors said The settlement was the result of two whistleblower lawsuits broughtr by former pharmacy technicians, who alleged that Queen’zs overbilled the state’s Medicare and Medicaid programs, as well as the federal health insurance progran for military dependents, according to a news release from U.S. Attorneuy Edward H. Kubo Jr.
The lawsuitsd were filed under the federal and state FalsrClaims Acts, which allow the government to claim up to tripler the damages, plus penalties, for submitting false claims to governmenft programs. The two forme r employees allege Queen’s submitted fake billsz for anti-psychotic medications that were dispensed by the hospitaol pharmacy from 1999 to 2002 and were authorize bya doctor, but not necessarily by a psychiatrist, as The hospital was also accusef of billing from 1999 to 2006 for serviceas provided by medical residents who were supposed to be supervisec by other doctors, but that the supervision did not Kubo’s office said.
Under the Queen’s paid $2 million to the federa government, which shared $400,000 of the proceeds with the twoformer employees, and $500,000 to the attorneys for the two Queen’s will also maintainn a compliance program to ensures its billings conform to the rules for five yearzs under a corporate integrithy agreement with the U.S. Departmentf of Health and Human Queen's issued this statement: " denies any intentionall wrongdoing, but after five years of discussione and negotiations withthe government, has agreecd to settle this matter so that its resourcee may be spent on providinhg quality health care rathed than on legal fees.
"
million to settle lawsuitss thatalleged Hawaii’s largest hospital overbilled government healthj care programs for prescriptioh medications, federal prosecutors said The settlement was the result of two whistleblower lawsuits broughtr by former pharmacy technicians, who alleged that Queen’zs overbilled the state’s Medicare and Medicaid programs, as well as the federal health insurance progran for military dependents, according to a news release from U.S. Attorneuy Edward H. Kubo Jr.
The lawsuitsd were filed under the federal and state FalsrClaims Acts, which allow the government to claim up to tripler the damages, plus penalties, for submitting false claims to governmenft programs. The two forme r employees allege Queen’s submitted fake billsz for anti-psychotic medications that were dispensed by the hospitaol pharmacy from 1999 to 2002 and were authorize bya doctor, but not necessarily by a psychiatrist, as The hospital was also accusef of billing from 1999 to 2006 for serviceas provided by medical residents who were supposed to be supervisec by other doctors, but that the supervision did not Kubo’s office said.
Under the Queen’s paid $2 million to the federa government, which shared $400,000 of the proceeds with the twoformer employees, and $500,000 to the attorneys for the two Queen’s will also maintainn a compliance program to ensures its billings conform to the rules for five yearzs under a corporate integrithy agreement with the U.S. Departmentf of Health and Human Queen's issued this statement: " denies any intentionall wrongdoing, but after five years of discussione and negotiations withthe government, has agreecd to settle this matter so that its resourcee may be spent on providinhg quality health care rathed than on legal fees.
"
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