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News briefs:May 26, 2010

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Feb
12

Hotel development proposal could displace Buffalo, NY business owners

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Hotel development proposal could displace Buffalo, NY business owners

Buffalo, N.Y. Hotel Proposal Controversy
Recent Developments
  • “120 year-old documents threaten development on site of Buffalo, N.Y. hotel proposal” — Wikinews, November 21, 2006
  • “Proposal for Buffalo, N.Y. hotel reportedly dead: parcels for sale “by owner”” — Wikinews, November 16, 2006
  • “Contract to buy properties on site of Buffalo, N.Y. hotel proposal extended” — Wikinews, October 2, 2006
  • “Court date “as needed” for lawsuit against Buffalo, N.Y. hotel proposal” — Wikinews, August 14, 2006
  • “Preliminary hearing for lawsuit against Buffalo, N.Y. hotel proposal rescheduled” — Wikinews, July 26, 2006
  • “Elmwood Village Hotel proposal in Buffalo, N.Y. withdrawn” — Wikinews, July 13, 2006
  • “Preliminary hearing against Buffalo, N.Y. hotel proposal delayed” — Wikinews, June 2, 2006
Original Story
  • “Hotel development proposal could displace Buffalo, NY business owners” — Wikinews, February 17, 2006

Friday, February 17, 2006

Buffalo, New York —Savarino Construction Services Corp. has proposed a $7 million hotel project at the Forest and Elmwood Avenue intersection, according to The Buffalo News. The proposal calls for a 5-story, 45,000 square-foot 80-room hotel with underground parking for at least 50 vehicles, and 4,500 square-feet of retail space on the lower level.

Hans Mobius, the owner of the five properties to be purchased in the plan (1109 to 1121 Elmwood), reportedly signed a contract with Savarino to assemble the development.

“We saw a huge opportunity to bring something to the Elmwood Village that will make sense and bring a service that’s currently not available,” said Eva Hassett, vice president of Savarino. “Elmwood is such a wonderful place to eat, shop, walk and spend time. We believe this project will add to that vibrant environment.”

Some business owners in the area see it differently. Wikinews interviewed 2 of the 4 owners whose business’s would be demolished if the development goes through.

Nancy Pollina, of Don Apparel at 1119 Elmwood, who found out about the development only yesterday, said she is “utterly” against the proposal. Her apparel shop has stood at the same location for nearly 14 years. She has volunteered in the community, and helped create several gardens around bus shelters in the city, and served on Forever Elmwood Board for six years as head of Beautification. Patty Morris co-owns Don Apparel with Pollina.

“To say this is a good looking project, I want to say the emperor has no clothes. This [project] does not take into consideration the needs of the college students. I have been told by college students, these shops here, are the reason they leave the campus,” said Mrs. Pollina.

Buffalo State College is 500-feet from the intersection.

Michael Faust, the owner of Mondo Video said, “Well, I do not really want to get kicked out of here. The landlord was very open, and the deal he made with me when I moved in here was ‘the rent is cheap and I [the landlord] will not fix anything and that will not change.'” Faust said he first learned of the development plan, “about 48 hours ago. I found out on Tuesday when the Buffalo News called and asked for my opinion on this.” Faust has not said if he will make plans to relocate. “We have to see if this [house] is going to get knocked down first,” said Faust.

An “informational” meeting, where citizens can voice opinions and learn about the proposal, will be held on Tuesday February 21, 2006 at 5:00pm (eastern), at the Burchfield-Penney Art Center Gallery at Buffalo State College, Rockwell Hall.

Executive director of Forever Elmwood Corporation, Justin P. Azzarella would not comment on whether or not the organization supports the development, saying, “you will just have to come to the meeting.”

Forever Elmwood Corp. is designed to preserve and protect the unique and historic nature of Elmwood Avenue and its surrounding neighborhoods and encourage neighborhood commercial revitalization. The organization was founded in 1994.

Nearly two years ago, the Forever Elmwood Corp. assisted in the blocking of the demolition of the Edward Atwater house at 1089 Elmwood next to Pano’s Restaurant which is at 1081 Elmwood. Owner Pano Georgiadis wanted to expand his restaurant onto the property where the house now stands, but the Common Council denied his permit to demolish saying the house is a historical landmark and needs to be protected. Georgiadis, who has a bleeding ulcer, said that all the court cases landed him in the hospital. “I got a bleeding ulcer, and since then, I don’t care about this house anymore, or this city. I just go to work every day. I think [preservationists] are parasites,” said Georgiadis.

Georgiadis will not be attending Tuesday’s meeting saying, “I will be out of town.”

In 1995 Hans Mobius proposed a plan to develop a Walgreens, that was to be placed in the same location, but residents and business owners shot down the proposal. Walgreens eventually withdrew its request for a variance after pressure from the community.

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Feb
12

Subway sandwich empire co-founder Fred DeLuca dies">
Subway sandwich empire co-founder Fred DeLuca dies

Wednesday, September 16, 2015

Fifty years after starting his first sandwich shop as a teenager, Subway CEO and co-founder Fred DeLuca died on Monday. He was 67 and suffering from cancer.

Subway yesterday announced his death, but not the location. He had developed leukaemia, which the company announced in 2013. The business was founded with friend Peter Buck who lent DeLuca $1,000 to open Pete’s Super Submarines in Bridgeport, Connecticut. The company remains based in the state.

By 1968 the business was renamed Subway and the two young entrepreneurs began looking at franchising as a method of expansion. It worked: With over 44,000 locations Subway is the world’s largest fast food franchise. The company has locations in 110 countries.

Subway brands itself as a healthy alternative on the fast food market. It has faced various controversies: ingredients, contracts with franchisees, and longtime advertiser Jared Fogle have all come under scrutiny. Fogle left the company this year after admitting underage sex and child pornography offences.

“I knew nothing about making sandwiches, nor the food industry,” DeLuca would later write of his 1965 startup. Growing up he lived in state-owned housing in The Bronx, New York City. Forbes estimated his 2015 wealth at around $3.5 billion.

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Feb
10

Bank Overdraft’s Effect On Your Credit Score

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By Everett Maclachlan

It is an all-too-common experience these days to login to your online bank account to check that day’s banking activities, only to face the unpleasant surprise that your account has experienced one or more overdrafts that day – resulting in $35, $70, $105 or more in accompanying overdraft fees in the process.

An overdraft, of course, is the situation whereby one or more transactions (e.g., checks written, debit card charges made) that you have initiated represents a dollar amount that exceeded the remaining balance in your checking account. Even for people who consider themselves to be very responsible with their personal banking practices and who run a pretty tight financial ship, overdrafts can be a regular occurrence.

Part of the reason for even the most responsible of us to have frequent overdrafts has to do with the way banks process transactions. For example, looking at the online bank statements in the case of most major banks, it is not always the case that the account owner can easily understand the account’s current status (in terms of outstanding transactions vs. current balance) by giving it just a quick glance. Rather, in many cases you have to get out your calculator and manually check for items that are not immediately obvious but that could affect your near-term balance. Examples of such items include un-cashed checks that already show as having been processed but that are not yet reflected in your current balance, or the often-irregular timing by which the bank processes any outstanding transactions in a given day.

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In short, it can require some serious manual calculations just for you to figure out where things stand with the balance for a given account. This takes time that many of us do not have, and we all pay the price in overdrawn accounts and heavy overdraft fee payments to our banks.

One thing that banking customers wonder is whether having a bank overdraft has an effect on a credit score.

The short answer is: no, the overdraft does not have an effect on your traditional credit, or FICO, score. The FICO score is calculated according to a certain formula that takes into account information pertaining to amount of outstanding debt, timeliness of payments, and related items. However, the determination of your FICO score does not reflect any elements of your overdraft history with banks.

That said, frequent overdrafts could end up getting your name reported to something called Chex Systems, which can result in your application for a checking account being rejected. Chex Systems is a financial reporting system that banks refer to when considering a new checking account application. You can get reported to Chex Systems if eFunds, the company that invented and maintains Chex Systems, believes that you have abused your bank account or bank-related instruments in the past. This could potentially include overdrafts, especially if your bank covered your overdraft but you never paid them back for the amount they covered on your behalf.

If you are concerned about overdrafts and their effects, it is a good idea to consider opening a bank account that does not charge overdraft fees. These banks work by charging you a low monthly checking account fee and in return promise to never, ever charge you an overdraft fee. These banks are few and far between, but their ranks are growing and there are some reputable, national banks that offer no overdraft fee checking.

About the Author: Here is a non-Chex Systems bank that will never charge you overdraft fees – ever. Check out:

escape-overdraft-fees.com/

.

Source:

isnare.com

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isnare.com/?aid=466650&ca=Finances

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Feb
09

New Jersey officials: Stimulus bill hurting Atlantic City casinos">
New Jersey officials: Stimulus bill hurting Atlantic City casinos

Sunday, March 29, 2009

A New Jersey congressman says restrictions on federal stimulus money are hurting gaming destinations like Atlantic City, and he is seeking to repeal a provision banning the use of funds for casinos or other gaming establishments.

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“The demonization of gaming destinations such as Las Vegas and Atlantic City for business travel is wrong, wrong, wrong,” U.S. Rep Frank LoBiondo said Friday during a press conference in front of Boardwalk Hall in Atlantic City.

The $787 billion federal stimulus bill passed in February specifically prohibits casinos from applying for funds for infrastructure improvements and other similar projects. LoBiondo said Atlantic City is losing millions of dollars in business as a result of that provision.

Casinos’ revenues dropped 19.2 percent in February 2009 month compared to February 2008, according to the New Jersey Casino Control Commission. LoBiondo said $160 million worth of business and 120,000 visitors have chosen other cities for their tourism plans due to the stimulus bill, according to Atlantic City Convention Center figures.

The administration also recently determined other groups like nonprofit organizations and local governments may not spend their stimulus money at casino properties. State officials said the rules are damaging a major pillar of the New Jersey economy.

“Are those jobs somehow less important or less meaningful than those in the manufacturing, retail or financial industries?” said Ken Calemmo, chairman-elect of the Greater Atlantic City Chamber.

Anti-gambling officials said the stimulus law does not prohibit casinos from taking advantage of tax breaks, and Atlantic City officials should not complain about the stimulus bill because the city is too reliant on an unreliable revenue stream.

“There isn’t a state, including New Jersey or Nevada, that could gamble themselves rich, any more than an individual could gamble themselves rich,” said Tom Grey, field director for StopPredatoryGambling.org. “They should’ve diversified (the economy) instead of chasing their loss.”

But Joe Kelly, chamber president, said 35,000 people work at New Jersey casinos, and thousands more around the state work for outside vendors that depend on casinos for their business.

“It is not just an Atlantic County issue. It is not just a Cape May issue,” Kelly said. “There’s purchasing done by every county.”

LoBiondo is working to repeal the provision with U.S. Rep Shelly Berkley, co-chair of the Congressional Gaming Cascus, and has reached out to Senate Majority Leader Harry Reid, who has a history of representing the interests of the gaming industry.

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Feb
09

Heavy hailstorms leave Sydney appearing snowed in">
Heavy hailstorms leave Sydney appearing snowed in

Tuesday, August 15, 2006

Recent heavy hailstorms occurring at approximately 4 o’clock in the afternoon today left parts of Sydney with the appearance of being snowed in, with thick blankets of hail covering streets and sidewalks with layers of hail.

The hail was observed in the Central Business District of Sydney, where cars were observed — possibly sheltering from the worst of the downfall — under awnings on Paramatta Road, and areas in the Inner West.

The Bureau of Meteorology’s Sydney Harbour weather station recorded a drop in temperature with the storm: at 4pm the temperature was 17 degrees Celsius, while the temperature reached a low at 11 degrees half an hour later.

This article features first-hand journalism by Wikinews members. See the collaboration page for more details.
This article features first-hand journalism by Wikinews members. See the collaboration page for more details.

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Feb
08

Cisco sues Apple for iPhone trademark">
Cisco sues Apple for iPhone trademark

Friday, January 12, 2007

The iPhone only made its appearance as a prototype and there have been controversies aroused.

The dispute has come up between the manufacturer of the iPhone (which was resented on Wednesday for the first time) – Apple Inc. – and a leader in network and communication systems, based in San JoseCisco. The company claims to possess the trademark for iPhone, and moreover, that it sells devices under the same brand through one of its divisions.

This became the reason for Cisco to file a lawsuit against Apple Inc. so that the latter would stop selling the device.

Cisco states that it has received the trademark in 2000, when the company overtook Infogear Technology Corp., which took place in 1996.

The Vice President and general counsel of the company, Mark Chandler, explained that there was no doubt about the excitement of the new device from Apple, but they should not use a trademark, which belongs to Cisco.

The iPhone developed by Cisco is a device which allows users to make phone calls over the voice over Internet protocol (VoIP).

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Feb
08

Cisco sues Apple for iPhone trademark">
Cisco sues Apple for iPhone trademark

Friday, January 12, 2007

The iPhone only made its appearance as a prototype and there have been controversies aroused.

The dispute has come up between the manufacturer of the iPhone (which was resented on Wednesday for the first time) – Apple Inc. – and a leader in network and communication systems, based in San JoseCisco. The company claims to possess the trademark for iPhone, and moreover, that it sells devices under the same brand through one of its divisions.

This became the reason for Cisco to file a lawsuit against Apple Inc. so that the latter would stop selling the device.

Cisco states that it has received the trademark in 2000, when the company overtook Infogear Technology Corp., which took place in 1996.

The Vice President and general counsel of the company, Mark Chandler, explained that there was no doubt about the excitement of the new device from Apple, but they should not use a trademark, which belongs to Cisco.

The iPhone developed by Cisco is a device which allows users to make phone calls over the voice over Internet protocol (VoIP).

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Feb
08

New Jersey files lawsuit against federal sports betting ban">
New Jersey files lawsuit against federal sports betting ban

Wednesday, March 25, 2009

A New Jersey state senator has filed a lawsuit seeking to overturn a federal law banning sports betting in 46 states.

State Sen. Raymond Lesniak, a Democrat representing portions of Union County, filed the suit Monday, arguing the 17-year-old law is unconstitutional because it treats four states differently than the other states.

Under the law, sports betting is prohibited in all states except Delaware, Oregon, Montana and Nevada, although only the latter two currently allow wagering.

“This federal law deprives the State of New Jersey of over $100 million of yearly revenues, as well as depriving our casinos, racetracks and Internet operators of over $500 million in gross income,” Lesniak said in a statement to the press.

The 39-page lawsuit is believed to be the first challenge to the Professional and Amateur Sports Protection Act of 1992. New Jersey missed a 1994 deadline that would have allowed it to join the other states when the law was implemented.

Atlantic City officials and their political allies have argued allowing sports betting would give all the states a new source of revenue needed in the face of a staggering recession.

New Jersey Governor Jon Corzine was not involved with the lawsuit, but he said legalizing sports betting would help Atlantic City and said it was “worth pursuing”.

Legalizing sports betting in New Jersey could bring the state more than $50 million in annual tax revenue, according to officials from the Interactive Media Entertainment & Gaming Inc., a Washington, D.C.-based consultant for the electronic gaming industry, which joined Lesniak as a plaintiff in the lawsuit.

“This is about more than revenue,” said Joe Brennan Jr., chairman of Interactive Media Entertainment. “It’s about jobs and economic activity.”According to 1999 study, $380 billion in illegal sports betting occurs in the state each year.

New Jersey, in particular, is facing a difficult budget season, and the Atlantic City casinos are in what the Associated Press called a “financial meltdown”. Eleven of the city’s casinos suffered their biggest revenue decline in 30 years last month.

Delaware is reported to be considering regulating sports betting, which New Jersey backers of the lawsuit said adds a sense of urgency to the issue.

“We cannot afford to be naive about illegal sports betting,” New Jersey State Sen. Jeff Van Drew said in a statement to the press. “It’s happening right now, and is funding other criminal enterprises which are far more dangerous.”

The New Jersey Thoroughbred Horsemen’s Association, the Thoroughbred Breeders Association of New Jersey and the Standardbred Breeders & Owners Association of New Jersey were also listed as plaintiffs in the lawsuit.

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Feb
07

Got Estate Property? You Ve Got Cash!

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Got Estate Property? You ve Got Cash!

by

stephan_hex

Though the loss of a loved one is never easy, often times there are loose ends left behind that you are forced to take care of. It s not uncommon for a loved one to find themselves with estate property that they had not planned for. The thought of coming in to unexpected estate property might be exciting to some people but for some people it becomes another burden of time and money. With the ownership of estate property there are also additional taxes that you have to pay and may not have. If you have estate property that you can t afford to keep, you can have cash. With a phone call you can talk to house buyers who buy houses for a living and can buy your estate property.

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If you have inherited estate property, chances are you have already spent time dealing with paperwork. After spending countless hours and stressing, you may have decided that it s not in your best interest to hold on to the estate property that has come your way. You may have visited the estate property only to be dismayed at the condition and state of disrepair that it is in. Updating estate property takes money and time, especially if you plan to fix the estate property yourself. If your finances are already being stretched to the limit, making the estate property for sale may take more money than you are prepared to spend. You probably are worried that if you don t fix up the estate property you not only won t be able to sell it, you ll be spending money on a home you won t even be living in or using. Instead of looking at your estate property as a money drain, if you talk to home buyers who buy homes for a business you could be looking at your estate property as cash. As serious property buyers who know about buying houses, we can turn your estate property from a cash drain into a cash flow.

You are probably aware of how stagnant the real estate market is. The first thought that might come to you is how you will be able to sell your estate property in the condition that it is in. We buy houses in the Cincinnati area and understand the concerns you have about your estate property. We know how tough it is to sell a house but when you work with serious property buyers your estate property becomes a cash flow, regardless of its condition. If you want to sell your estate property to home buyers who are in the business of buying houses, you do not have to worry about repairs or cosmetic updates. This is our business and we can buy your estate property as is because we buy houses to renovate and sell. Whether your estate property needs minor or major repairs, we are interested in talking to you about it. Save time, money and headaches and call us today to discuss selling your estate property.

For more information about

estate property

visit: http://www.thecincinnatihomebuyers.com

Article Source:

ArticleRich.com

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