Monthly Archives: February 2015

Birmingham Voters Approve 3-mill PropertyReal Estate Tax Boost To Fund Arts, Music …

Posted by Thomas on February 28, 2015
Arts / Comments Off on Birmingham Voters Approve 3-mill PropertyReal Estate Tax Boost To Fund Arts, Music …

Birmingham voters authorized a 3-mill property tax boost to raise nearly $8 million each year for arts, music, international language, pre-kindergarten, and career academies in Birmingham City Schools.

The tax would cost the typical property owner an additional $1.83 a month, according to Birmingham Board of Education President Randall Woodfin.

With all boxes in except for provisional tallies, about 5.8 percent of eligible voters cast ballots.

Woodfin stated Tuesday night that the vote is a major milestone for the system.

On behalf of the entire school board, were extremely thrilled about the outcome, the outcomes of the night, Woodfin stated. I believe this is a triumph for the school system, for households and our children in how it connects to what we can offeroffer our classrooms.

Interim Superintendent Spencer Horn thanked the community for their support Tuesday evening, and stated he wasnt shocked due to the fact that he understands Birmingham values education.

This is going to a long method in permitting us to do exactly what we feel are the essential scholastic and extracurricular things so our students can be well-rounded and actually excel as they go through school, he told AL.com. We are always cognizant that we requirehave to do whatever we can to guarantee our students are going to be successful. As an outcome of todays vote, this will offer us a better opportunity to put in place exactly what we feel are important programs and valuable foundational things to guarantee that takes place.

Woodfin said he expected low turnout for this problem.

Weve always been worried about turnout, however we constantly anticipated turnout would be low for a referendum campaign, he said.

The tax measure was the only issue on the ballot Tuesday. The Birmingham Board of Education did market the vote on TELEVISION, radio, and through direct-mail advertising, but the major effort has actually been just in the recently.

A homeowner with property valued at $100,000 would pay an added $30 a year, or $2.50 a month, Woodfin states. $200,000 houses would incur $60 more in taxes a year, and $50,000 property owners would pay $15 more yearly. Property owners over 65 would be exempt from the new tax.

Woodfin recently explained those expenses as not troublesome, and a little investment in the educational system.

The tax will money music programs in every school, and improve programs in schools that currently have music programs, according to interim Superintendent Spencer Horn. Schools will also have latitude to set up other fine arts programs, from drama, to visual arts, to international languages and debate.

In addition to the arts programs, schools without pre-K programs will certainly gain pre-K courses, and some schools will certainly expand their existing pre-K programs.

Woodfin has pledged that One Hundred Percent of the approximated $7.8 million in revenue raised from the tax increase will go to fund the above discussed programs.

The tax will enter into result in January 2016, the Birmingham BOE will certainly budget for the money in Oct. 2016, and it will strike class in the spring semester of 2017.

Woodfin has said that decreasing enrollment numbers considering that the 1980s implied state funds for the system dried up, and many greatarts class systems were cut in order to maintain funding for core subjects. The decline in registration has actually now been jailed, and its time to buy the system once again, he stated last week.

Frank Matthews, lobbyist and president of the Outcast Voters League, said Tuesday night that while he initially did not support this Board, he had an epiphany and supported this tally measure 1000 percent.

I believe this vote is a sign of what will occur in Birmingham in the future, he stated.

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Ageing China Draws Investors To Its “” Hot As Web”” Health Care Sector

Posted by Thomas on February 27, 2015
Healthcare / Comments Off on Ageing China Draws Investors To Its “” Hot As Web”” Health Care Sector

HONG KONG (Reuters) – Investors are hurrying into Chinas growing healthcare company, assisting MA offer values surpass those of the hot Internet sector, as the nation prepares to accommodate hundreds of millions of senior patients.

Motivated by a relaxation of foreign ownership guidelines in 2013 and a rapidly aging population, private equity companies such as TPG Capital [TPG.UL] and industry gamers including Malaysias IHH Healthcare Bhd are buying Chinese medical facilities, pharmaceutical companies and gadget makers.The prospect of 223 million people aged 65 or older anticipated to stay in China by 2030 is just too enticing for these business, regardless of considerable dangers such as weak medical facility infrastructure, rising appraisals and a lack of doctors.The business have actually begun leveraging connections of local partners to hire physicians, and to helpto assist speed up local licenses and permits to begin deal with prepared projects.China has anticipated health care spending by the personaleconomic sector, state-owned ventures and consumers to treble to 8 trillion yuan($1.3 trillion)over the next five years, as it attempts to manage the boom in its ageing population, an outcome of the countrys decades-long one-child policy and present low fertility rate. I invest 70 percent of my time trying to find healthcare dealshandle China, stated Steve Wang, co-founder of Hong Kong-based personal equity company Pine Field Capital. Its a truly hot sector in China, as hot as mobile Internet.After years of stable development, China healthcare mergers and acquisitions more than doubled to a record$18.5 billion in 2014, Thomson Reuters information revealed. This January alone, deals totaled$6.9 billion, an acceleration in activity that indicates another hit year. Deals including Chinas ecommerce, Web software application, services and facilities also reached a record in 2014, but with $17.9 billion they trailed health care.

China startedbegan to liberalize its healthcare sector in 2009 but it was just in 2014 that it enabled full international ownership of healthcare facilities, even more decontrolled drug costs and carried out guidelines to fast-track the approval of medical devices.That optimism has actually pushed evaluations for some companies gradually higher. Phoenix Healthcare Group Co. Ltd, Chinas No. 1 personal healthcare facility group, noted in Hong Kong in December 2013 at 25.1 times its expected revenues. It now trades around 35 times.Other risks

for prospective investors in China, where government policies are often unpredictable, include lack of medical professionals and the lengthy approval process for healthcare facility licenses.The nation had 14.6 medical professionals per 10,000 people in 2012 compared to 38.5 in Australia, 24.2 in the United States

and 17.6 in Brazil, according to World Health Company data.When you take a look at the health center and arrangement sector in certain, the point around doctor accessibility is a crucial one, said Vikram Kapur, a partner at consulting company Bain Co. So the threat to be managed is around ensuring that you can draw in adequate medical professionals to personal institutions.APPEALING INVESTMENT TPG, Blackstone Group LP and Chinese drugmaker Shanghai

Fosun Pharmaceutical Group Co Ltd are among investors that have actually currently purchased into medical facilities, medical gadget makers and service supplierscompany in China.We are very favorable on the New China, especially the healthcare sector, stated Kinger Lau, primary China strategist at Goldman Sachs. The idea of reform in the health care sector is really appealing from a financial investment point of view as living standards improve and the population ages.IHH Healthcare, Asias biggest medical facility operator, currently has a medical facility in Shanghai and smaller sized clinics in the country and is in talk with broaden even more in

China, Chairman Abu Bakar Suleiman told Reuters. China is huge, so its not simply about going into Beijing and Shanghai, Suleiman said. For the private sector, these are very early days. We feel its a gooda good idea for us to come in now.($1=6.2521 Chinese yuan renminbi)(Additional reporting by Saikat Chatterjee; Editing by Lisa Jucca and Muralikumar Anantharaman)

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UTA Becomes First Hollywood Firm To Introduce FineArts Division

Posted by Thomas on February 26, 2015
Arts / Comments Off on UTA Becomes First Hollywood Firm To Introduce FineArts Division

His father helped produce CAA and now Joshua Roth is going to help lead UTA into a whole new world of photographers, painters, sculptors, and combinedmultimedias and multi-platform artists. The previous Chair of the Art Law Department at Glaser Weil, the firm of heavyweight Hollywood lawyer Patricia Glaser, Roth was announced today as the leader of the brand brand-new UTA Art.

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Mount Dora Arts Festival Considered Flawless Occasion

Posted by Thomas on February 26, 2015
Arts / Comments Off on Mount Dora Arts Festival Considered Flawless Occasion

Jack Hillside of DeLand, Fl, works on a piece on Sunday. the Mount Dora Arts Festival juried art show. With perfect weather, countless art enthusiasts strolled around downtown Mount Dora, Fl. for the 40th Annual Mount Dora Arts Celebration on Satursday and Sunday. Tom Benitez/Orlando Sentinel.

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Arts Center May Look For Funding To Fund, Start Second Stage

Posted by Thomas on February 25, 2015
Arts / Comments Off on Arts Center May Look For Funding To Fund, Start Second Stage


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Oman’s United Finance To Think AboutTo Think About Merger Strategy From Bank Nizwa

Posted by Thomas on February 24, 2015
Finance / Comments Off on Oman’s United Finance To Think AboutTo Think About Merger Strategy From Bank Nizwa

Omans United Finance Co said on Wednesday that Bank Nizwa had actually approached it with a proposition for a strategic merger.

United Finances board will certainly consider the proposal at its next conference, the company stated without giving any information. It noted that any merger would need the approval of the board of directors, shareholders and regulators.

Bank Nizwa, which began operations in 2013 as one of Omans 2 full-fledged Islamic banks, has a market capitalisation of about $320 million, according to Thomson Reuters information.

United Finance describes itself as Omans biggest non-bank financial organization, and provides loans and leasing services as well as business deposits. Its market capitalisation is about $105 million.

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Professionals Warn 2015 Could Be ‘Year Of The Healthcare Hack’

Posted by Thomas on February 23, 2015
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NEW YORK/BOSTON (Reuters) – Security specialists are warning health care and insurance coverage companies that 2015 will be the Year of the Health care Hack, as cybercriminals are progressively brought in to chests of individual details held by US insurance companies and healthcare facilities that regulate high costs on the underground market.

Anthem Inc, the No. 2 United States health insurer, recently disclosed a massive breach of its database including nearly 80 million records, prompting investigations by state and federal authorities. That hack followed a breach last year at medical facility operator Neighborhood Health Systems, which compromised some 4.5 million records.

People feel that this will be the year of medical industry breaches, stated Dave Kennedy, primary executive of TrustedSEC LLC.

In the previous years, cybercriminals focused their efforts on assaulting banks and sellers to steal financial data consisting of online banking credentials and payment card numbers. However as those companies increase security, utilizing taken charge card numbers has become more hard.

Their rates on criminal exchanges have actually also dropped, triggering hackers to count on the less-secure medical sector, simply as the amount of digital health care information is growing considerably, Kennedy said.Stolen health care information can be utilized to fraudulently get medical services and prescribeds in addition to to commit identity theft and other monetary criminal offenses, according to security specialists. Criminals can also make use of taken data to construct more convincing profiles of users, boosting the success of scams.All of these aspects are making healthcare details more attractive to bad guys, stated Rob Sadowski, marketing director at RSA, the security division of EMC Corp.MONETIZING STOLEN DATA RSA Executive Chairman Art Coviello just recently wrote in a letter to consumers that he expected efficient cybercriminals to turn their attention to

stealing individual information from health care providers.A name, address, social and a medical identity … Thats unbelievably easy to generate income from relatively rapidly, stated Bob Gregg, CEO of ID Professionals, which sells identity protection software application and services. Identities can sellcost$20 apiece, or more, he said. Insurance providers, medical equipment makers and other companies state they have been preparing for breaches after seeing the waves of attacks on other markets. Cigna Corp has actually wanted to monetary and defense companies for finest practices, including hiring hackers to break into its systems, said President David Cordani. Efforts to get into corporate systems to probe for details are a continuous, he said in an interview. St Jude Medical Inc CEO Daniel Starks said the business enhanced financial investment in cybersecurity considerably over the last few years, to protect both patient information and the medical gadgets it manufactures.You may see from time to time police briefings on nation-based(intellectual homecopyright)issues, espionage, he stated. Those are belongings that we take very seriously and have actually been briefed on which we work to safeguard versusdefend against. The FBI is investigating the Anthem breach together with security professionals from FireEye Inc.

The insurance companies UnitedHealth Group Inc and Aetna Inc have actually alerted investors about the threats of cyber criminal activity in their yearly reports considering that 2011. UnitedHealth has stated the costs to get rid of or attend to the dangers might be considerable and that remediation may not

be successful, leading to lost customers. In response to the Anthem attack, UnitedHealth spokesperson

Tyler Mason said in an emailed statement: We are in close contact with our peers in … the industry cybersecurity company, and are monitoring our systems

and the scenario closely.Aetna has actually pointed out the automated attempts to obtainget to public-facing networks, rejection of service attacks that look for to interrupt sites, tried virus infections, phishing and efforts to infect internet sites with destructive content. Aetna spokeswoman Cynthia Michener said in a statement: We carefully follow the technical information of every breach thats reported to try to find opportunities to continually enhance our own IT security program and the health sectors information protection practices broadly.(Additional reporting by Costs Berkrot in New York; editing by Michele Gershberg and G Crosse)

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3 Belongings To KnowFind Out About Controversial Arts Wing At Lincoln Elementary School In …

Posted by Thomas on February 22, 2015
Arts / Comments Off on 3 Belongings To KnowFind Out About Controversial Arts Wing At Lincoln Elementary School In …

SUSAN POAG/ THE TIMES-PICAYUNE Principal Yelitza Gray, hand in air, blurt a whoop Monday, August 6, 2012 while checking out the website of her school, then under construction, as the professors at Lincoln Primary school for the Arts took to the streets to advise parents about the beginning of school Thursday, August 9, 2012. Personnel from Lincoln boarded a bus and took a trip to Marrero communities where their students live and knocked on doors, presenting themselves in prep work for the upcoming 2012/13 academic year. The Jefferson Parish School Board recently accepted a new arts wing for Lincoln Elementary on Feb. 9, 2015.

(SUSAN POAG)

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