Published: July 21. 2010 4:00AM PST Bank of the Cascades once again received an extension from two investors who have offered to buy $65 million of stock if the bank raises an additional $85 million in other private investment, now by July 30.
The extension is the third since December, when Bank of the Cascades withdrew its public offering of $93 million in stock because of bad market conditions. Instead, the bank said in February it would raise the $85 million in private offerings by May 31, which was later extended to June 30 and July 15.
The bank first entered into a purchase agreement with the investors, a New York-based hedge fund and the company’s largest investor, in September 2009, according to a previous article in The Bulletin. If Bank of the Cascades raises the $85 million, the hedge fund, known as Two-Forty Associates LLC, agreed to invest $45 million. David Bolger agreed to add in $20 million, according to the article.
>N.J. Gov. Christie plans takeover of Atlantic City casino district, sale of Meadowlands Racetrack
Gov. Chris Christie will announce plans for an unprecedented overhaul of New Jersey’s troubled gaming industry Wednesday — including a complete takeover of the Atlantic City casino and entertainment district, and the sell-off or shutdown of the struggling Meadowlands Racetrack. The Atlantic City takeover removes virtually all local control from the gaming district, from police protection to garbage pickup. (Margolin/Sherman, The Star Ledger)
>Christie Won’t Raise New Jersey Taxes to Fill $10.5 Billion Budget Gap
New Jersey Governor Chris Christie won’t raise taxes to close a $10.5 billion deficit next year, a gap almost matching the record hole he and lawmakers filled in the current $29.4 billion budget, his spokesman said. The fiscal 2012 deficit estimate by David Rosen, chief budget officer for the non-partisan Office of Legislative Services, is based on using existing revenue sources to fund all state programs and obligations. Christie, a Republican who took office in January, cut services and spending to close a $10.7 billion gap in this year’s plan without raising taxes. (Dopp, Bloomberg)
A fair question was asked during last week’s Englewood meeting with Rep.Steve Rothman’s (D): since Rep.Steve Rothman’s (D) own Congressional voting record is as far-left as that of Vermont’s self identified “socialist” Bernie Sanders, does Rothman also consider himself a card-carrying socialist?
Advocates of tax and public salaries reforms will shed few tears over Gov. Chris Christie’s recent proposal to cap school superintendents’ salaries. Many have broken the $200,000 mark and an elite few have salaries approaching $300,000. (Isherwood, PolitickerNJ)
>Your questions about the Chamber Rewards Card, answered!
-How can I get a card?
Visit us at 27 Chestnut Street or ask any participating vendors for a card. If you would like the card mailed to you, please contact the Chamber Office at 201-445-2600 or [email protected].
-Does it cost anything to get a card?
No. The Chamber Rewards Card is absolutely free!
-Do I have to be a Ridgewood resident to receive a card?
No. The Rewards Card is offered at no cost to anyone who would like one.
-How do I use my card?
Simply present the card to participating vendors to receive your discount or free offer!
-Must I have the card on me when I visit participating businesses?
Yes. You must present the card at the time of purchase; otherwise, the offered promotion is not valid.
-What are the benefits of the card?
Each participating business offers their own unique and exciting deal! Get the reward you deserve for shopping and dining locally.
-What businesses participate in the card?
Look for a “Rewards Card Accepter Here!” poster in the windows or doors of participating businesses throughout town. All of these businesses are current Ridgewood Chamber of Commerce members. If you would like a complete list, click on the link below:
On July 20, 1969, the human race accomplished its single greatest technological achievement of all time when a human first set foot on another celestial body.
https://history.nasa.gov/ap11ann/introduction.htm
Six hours after landing at 4:17 p.m. Eastern Daylight Time (with less than 30 seconds of fuel remaining), Neil A. Armstrong took the “Small Step” into our greater future when he stepped off the Lunar Module, named “Eagle,” onto the surface of the Moon, from which he could look up and see Earth in the heavens as no one had done before him.
He was shortly joined by “Buzz” Aldrin, and the two astronauts spent 21 hours on the lunar surface and returned 46 pounds of lunar rocks. After their historic walks on the Moon, they successfully docked with the Command Module “Columbia,” in which Michael Collins was patiently orbiting the cold but no longer lifeless Moon.
>Cities Rent Police, Janitors to Save Cash By TAMARA AUDI
Faced with a $118 million budget deficit, the city of San Jose, Calif., recently decided it could no longer afford its own janitors. So the city’s budget called for dropping its custodial staff and hiring outside contractors to clean its city hall and airport, saving about $4 million. To keep all its swimming pools open and staffed, the city is replacing some city workers with contractors.
“These are cases where the question is being asked, ‘Is this a core service at the city level?’ ” said Michelle McGurk, senior policy adviser to the San Jose mayor.
After years of whittling staff and cutting back on services, towns and cities are now outsourcing some of the most basic functions of local government, from policing to trash collection. Services that cities can no longer afford to provide are being contracted to private vendors, counties or even neighboring towns.
Mike Bloomberg hits an all time new low with his cowardice endorsing plans to build a new Mosque 2 blocks from ground zero .
So I think we all need a simple reminder what happened on 9/11 .Let’s face it to build a Mosque 2 blocks from ground zero is purely provocative and for no other reason.
And no amount of calling everyone else a racist can justify your cowardice !
>Bill could increase number, variety of charter schools in NJ
With the latest batch of charter-school approvals likely to be announced soon by the state Department of Education, some state lawmakers are beginning a push for a bill that could expand the alternative public schools’ movement in New Jersey. (Symons, Gannett)
New Jersey is preparing to announce the confirmation of at least six new charter schools this week, but proposed charters in Princeton, Teaneck and Flemington won’t be on the list, dealing a blow to a movement to widen school choice to affluent districts. (Resmovits, Wall Street Journal)
>Starting and growing a small business is no easy task. Even having the best business plan does not guarantee success. It requires (at a minimum) a balance of talent and resources, with the right level of expertise in a wide variety of disciplines. Small business owners (and employees) must remain focused on their product or service, acquiring and satisfying clients, and generating revenue and profits. To help round out their team, small business owners might enlist the help of a business coach, attorney, accountant and marketing specialist, and others. What is surprising however is that it is estimated that more than 50% of small businesses today perform their own technology planning, implementation and support; done by either the owner themselves or some other person in the office as a part time job. This is time taken away from servicing clients, the business and making money. Furthermore, the IT solutions they will have are likely to be no better than the knowledge of someone who is not versed or trained in (current) technology. Is this a cost effective or strategic approach for success? Probably not.
A Small Business IT Consultant is someone who will work with you, the business owner (or other senior executive of your firm), understand how the business operates and makes money, creating and executing a business technology strategy for success. This should include a variety of options that will enable the company to grow, improve efficiency and productivity, save and make (more) money. Essentially being successful!
While there are a number of highly skilled technology service providers who will support your small business, you will want to find one that is more than an “order taker”; performing the specific implementation and (“break-fix”) support tasks that you design. This is again a scenario that will yield you a solution only as good as your technical knowledge. This is where an IT consultant will work with you, help you and add value.
As a small business owner, you have enough things on your plate to worry about. Technology should not be one of them. Find a Small Business IT Consultant who will be your partner for success.
>Bergen County Clerk Kathe Donovan, the Republican candidate for County Executive, said today that she looks forward to meeting with the commission Governor Christie has appointed to study the possibility of a state takeover of county prosecutors offices. According to Ms. Donovan, “This is a logical follow-up to the state’s earlier takeover of the court and probation system.”
She continued, “The primary mission of the commission should be to determine if costs can be reduced without disrupting local law enforcement. The transition of the court system to the state has been seamless. Can we expect the same result with a state takeover of prosecutors’ offices?”
Donovan said that a change of this magnitude should only occur if real savings and not just a cost shift with no beneficial impact on taxpayers can be accomplished. “The Governor has identified an area of potential government reform and we should analyze it carefully. I look forward to participating in that review.”
>If your looking to run ads or get in touch with the Ridgewood Blog please send all correspondence to [email protected]
thank you for your support!!!!
*IMPORTANT NOTE: Please try to sent us JPEG’s ,PDF files are very difficult to work with PHOTOS Press Releases Special Events Garage Sales Open Houses Birthday’s Birth Announcements Obits Tips News ADVERTS blogging Links
