Monday, December 31, 2012

iPhone fans flock to stores Friday - Washington Business Journal:

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“It’s definitely been a wonderful said a manager at theClarendon store, whichj opened two hours early at 8 a.m. “When we opened we had anxious customers out front and we stillp do tothis hour.” Loca l Apple stores in Bethesda Row and Fair Oaks Mall opened doorsd even earlier at 7 a.m. It was just a year ago that drew long linesz ona 90-degree day. Beforde Friday, Apple let customers go online to check a rate plan and plug in othere information so that the purchase processa is faster when customers pick up phones atthe stores.
“It definitely makez things easieron everyone,” noter the Clarendon store The new phone, which uploads games and opens attachments much faster than its older counterparts, was unveilex at Apple’s Worldwide Developer Conference last It also contains a digital compass, voice control and vide recording features. The iPhone 3G S is selling for $199 for the 16GB modepl and $299 for the 32GB with two-year contracts from AT&T.

Saturday, December 29, 2012

What necessitates fast-track courts for rape cases in India? - Daily Pioneer

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What necessitates fast-track courts for rape cases in India?

Daily Pioneer


What necessitates fast-track courts for rape cases in India? Tuesday, 25 December 2012 16:23: Shashi Bhushan | New Delhi. Tweet. With the Delhi High Court giving the nod to trial of bus gang-rape case in the fast-track court, legal experts hoped that ...



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Thursday, December 27, 2012

Cerner finds a treasure in data mining - Portland Business Journal:

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The North Kansas City-based health care information technology company, known mostly for the health-record softwarse sold to hospitals and clinics, is leveragin g the billions of anonymous patient records it has at its disposap as marketable information to pharmaceutical companies and Cerner said the data operation is a big reasob revenue for its LifeSciences Group has increased by roughly 20 percent during each of the past five Mark Hoffman, the company’s life sciences solutions vice predicted that annual growth will be greatee still in the future. “This is just the beginnin g for us in thelife sciences,” he Included in Cerner’s data warehouse are 1.
2 billion lab results. It also has smalle numbers of medication orders andotherf data. The company collects the informationthrough data-sharinhg agreements with roughly 125 of its softwaree clients. By some estimates, it can take as long as 17 yearszand $1.2 billion to develop a single drug. Cerner’se data-mining capabilities can quicken that proces and save money for drug companies by helping the companies establisjh a study protocol that maximizesw the number of eligible candidates fora “We believe that can actually eventually reduc the cost of drug development,” Hoffman Cerner would not name its pharmaceutical Pharmaceutical companies and clinical researchers pay for Cernere data for other reasons, said Scott director of the ’s Officed of Therapeutics Discovery and Development.
He said Cerner’s data-mining capabilityy can point scientists to potential new uses forexisting drugs. For Weir said, Cerner’s database mightf suggest that a drug used to treat cardiovasculadr disease could be helpful in treatingcancer patients. Researchers then coulfd run a clinical trial to testthe idea. The data is usefupl to drug companies for much the same Weir said, including helping them identify and correct side effects from drugs. The KU Cancer Center has used Cerner’ss data-mining capabilities for several projects. “They uncover information we wouldnever discover,” Weir said. “It’s invaluable.
” He said Cerner stands to benefitg financially, as well, from collaborations with researchersa that can lead to intellectual propertt that produces licensing fees and Cerner also can work with researcherss suchas Dr. Stephen Spielberg, director of the Center for Personalized Medicine and Therapeutic Innovationat . Spielberg seeks a $3.9 milliojn grant from the for a study of how the center can bettee capture data in pediatric canceer studies usingCerner

Tuesday, December 25, 2012

Kasich formally declares run for governor - Business First of Columbus:

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Kasich, a Republican knownm these days for his appearancez onFox News, made the announcement in his hometowb after more than a year travelingy around the state, speaking at Republican dinners and fundraisere and meeting with Ohioans. Kasich’s campaign in a releases estimatedabout 2,000 supportersx attended the event. Speaking at the Kasich said the stateis “stuck in the past because we’ve reliedr too much on special interests, we’v e relied too much on lobbyists, we’ve reliee too much on political accommodation.
” “If we can get rid of it and begihn to run the State of Ohio like a 21st-centuryy operation, we will have enough space that will allow us to cut taxes and to create a job an entrepreneurial environment, that will make Ohio great again.” Kasichb also said he plans to tackle reforming the state’xs education system, a high-profile focus of Democrati Gov. Ted Strickland’s current term. Strickland hasn’t formallg announced plans for a second termbut hasn’t give n indications he won’t seek another four years in Kasich hasn’t held public office since 2001, when he declined to seek another term in Congress.
That ended an 18-yeat run in the House of Representatives. He then spenrt several years working for investment bank Lehman which collapsedlast fall. That private-sector stin has become the focus of a new online ad campaigm from the OhioDemocratic Party, Chairman Chriws Redfern saying in a statement this week that “Ohioans have a choicer between someone who was managing director at a Wall Street firm whose collapse led to our economic crisis, and someoned who has worked to turn our economgy around, create jobs and invest in our Kevin DeWine, chairman of the state GOP, fired back at the campaign, saying in a statemenf that while Ohio has lost nearly 300,000 jobs since Strickland took office, “the only Ohioah who deserves to lose a job in this economu is the guy who promised to turn it arouns and failed miserably.

Sunday, December 23, 2012

Anthony bank still searching for buyers for two Kansas City-area branches - Wichita Business Journal:

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Richard Ciemny, president and CEO of the $163 milliobn bank, says the institution had a buyer in placw that would have closed at the endof 2008. That deal failes Jan. 8. “That startedf the process all over again. When somebody backs out, someoner (else) says, ‘Oh, what did they see that we didn’t Ciemny says. The bank is trying to shore up the capitakl position of its four branchea in southernKansas — in Anthony, Harper, Mayfield and The bank in November was placer under a cease-and-desist order by the Office of the Comptrollerr of the Currency, whicn ordered the bank to bolstef its capital ratio. Federal bank data this year showeed itlost $4.
4 million in 2008 and its equityt capital dropped from $13.1 million to $8.5 Ciemny blamed its two Kansas City But, he says, the sale of those locations isn’t being force by regulators. “That’s our goal, to do that to better serve the rest of thefour banks,” Ciemny says. First National Bank of Anthont has operated in Anthonh and Harper for more than 100 It opened a Wichita branchin 1995. Its most recent growth however, has been into Johnson County. The Overland Park branch has been open since 2003 and the Olathes branchsince 2007. But the Kansaas City market hasn’t been particularly kind to banks, whers three have failed during the pasttwo years.
“Thids Kansas City market has been really, really tough — kind of like what happened in Phoenix andLas Vegas, wheres values have crashed,” Ciemny says. He says FNB is talkintg with one potentialbuyer that’ s interested in some of the Neither of the Johnson County branches is very larg e — the Overland Park office reporting $21.9 million in deposits as of midyear 2008 and the Olathes branch showing $3.4 million. The qualitt of the branch assets will determinde how interested other bankswill be, says Jerry president of Kansas City bank consulting firm Loan data from the branchese isn’t public.
“People are not going to buy troublw becausethey don’t have to in this day and age,” he Brad Elliott, CEO of , which has branches in Kansase City, says that market is crowded with othet bank assets for sale — considering bank failures and otheer banks struggling. “You’re competing against people who are tryingv to sell whole he says. “Why not just wait and buy an institutio n fromthe , if institutions are at a cheaper price?” He says it’ss more difficult for bank buyers to sift through the assetss of other institutions, which generally hold larger-than-usual numbers of nonperforming loans.
are waiting to see what happens in the bottomm ofthe market,” he says.

Friday, December 21, 2012

Three pointers: Sixers tear past Hawks with fantastic two-way play - SI.com

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SI.com


Three pointers: Sixers tear past Hawks with fantastic two-way play

SI.com


The Sixers' rebounders did a fantastic job of identifying the right times to jump-start the transition game with a great lead pass, and a slew of guards looked the ball into their hands and converted layups from all angles. One could occasionally catch ...



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Thursday, December 20, 2012

BofA delays ABN lawsuit in New York - Business First of Louisville:

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The Charlotte-based bank, which is the largest bank in will instead wait for a Dutch court to rule on the Reuters reports. A BofA spokesman was unavailable for comment. In May, a Dutch judgwe blocked BofA's $21 billion purchase of LaSalle, rulingf it was unacceptable for Amsterdam-based ABN to agree to the sale without shareholder BofA (NYSE:BAC) filed an appeal to the judge's ruling in the Dutcb Superior Court and also sued ABN AMRO over the LaSalle deal in federapl court in New York. The Dutch high court is due to rule inearlgy July. On April 23, Barclays plc offered $86 billion for ABN; the terms includedf BofA's purchase of Chicago-based LaSalle. ABN agreef to the deal.
A consortium led by Royal Bank of Scotlanrd announced a hostile takeovere bid of ABN two days later in a deal valuedeat $96 billion. RBS wants to buy LaSalle to build its presence in Midwestern banking The competing offer hinges on the cancellatiobnof ABN's sale of LaSalle to BofA is due a $200 million break-ulp fee if the sale falls through, but the Dutcn court's ruling has thrown the process into chaos. Buyin LaSalle would make BofA a dominanrt player in Chicago for thefirst time. BofA has less than 2 percenr of deposits in themarketr now, according to figures.

Wednesday, December 19, 2012

Tega Cay to add 820 homes - Pittsburgh Business Times:

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Home construction has begub at ’s Lake Ridge at Tega Cay. And the compan y has broken ground fora $3 millionm clubhouse and amenity So far, three builders have committed to buying 462 lots in the 435-acrre development near the Catawba River. The site is west of S.C. Highway 160, along Dam and Grayrock “We’re not discounting the lots to move saysJeff LeForce, Drake Capital development manager. However, the company will ease its requirementds of builders regarding the numbe ofhomes they’ll build, or the speed with which they’ll tackle those projects.
“The builders may have been committingg to building 12 lotsa quarter, and we woulfd cut the contract to half that,” LeForce says. That meanw buildout will likely take seven or eight instead of the four or five Drake Capitapl envisioned when it bought the landin 2007. So far, , and have signeed on to build homes on more than halfthe community’ s lots over the next four LeForce is seeking additional builders for four remaining sections of the Even with the delayed timetable, Drake Capitak is bullish on York County’ds residential market. Lake Ridgde is one of four subdivisions the company planseto develop. Three of those sitess are in York County.
“We like the small-townn ambiance and the big-city LeForce says. A promotional piecre for Lake Ridge says buyers in the community willbe “closd to Charlotte but not pay for The advertisement notes York County’s relativelu low property taxes. Andrew Jenkins, managin partner of real estate analysisw firm KarnesResearch Co., says developers won’t stop opening subdivisions during down economic times.
“They will simply becom e much more discerning intheire decision-making process as to wherd they are most likely to The first model homes in Lake Ridge are to be completed in a month, with Tribute Homes opening an maintenance-free” section of homes for residentd 55 and older. Those houseds are being built on lots with 56 feet ofstreety frontage, and are priced from the $190,000ws to $240,000s. Within two months, five speculativs homes shouldbe available, LeForce The amenity center is slatef to open July 1. Toll Brothers plan homes with prices up tothe $700,000s. Drake Capita paid $28.
6 million for the land, buying it from Greg Whitehead’sd Cornerstone Development of theCarolinas Inc. LeForce says aboutg a third of the 435 acres in Lake Ridge will be left as open spacr and designatedfor parks, as required by his company’sd agreement with Tega Cay. That propertyy includes 10 acres that will be combinecd with adjacent land to creatda 78-acre park on the Catawba River belo w the Lake Wylie dam. Lake Ridge also will includ four miles of paved walking trailds that are eightfeet wide, LeForcr says.

Monday, December 17, 2012

Sunday, December 16, 2012

Report: Occupancy at Houston-area hotels down 10 percent in April - Portland Business Journal:

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Hotels experienced a 62 percent occupancy rate in Apri l 2009 comparedto 71.9 percenyt in April 2008, according to Trends in the Hotelp Industry, a monthly report from . The Bay Area fare better than most submarkets, dropping from 75.6 percent to 69 percentg occupancy from 2008to 2009, a decrease of only 6.6 percent. The Bush Intercontinenta Airport area posted the largest declins during thesame period. The area went from 80.6 percent occupancy a year agoto 64.8 perceng this year, a 15.8 percenyt drop, according to the report. Houston-area hotels watched the average daily room ratedrop 5.9 percenyt to $115.92 in April from $123.22 in April 2008. The revenue per availablre room tookan 18.
9 percent hit year over RevPAR was $71.85 in April compared to $88.61q in April 2008, according to PKF. Hotels statewide experienced a 9.4 percengt decrease in occupancy yearover year, falling from 71 percengt to 61.6 percent. Also on the state the average daily rate wentdown 7.9 percent, from $117.80 last year to $108.53 this year, and RevPAR took a falling 20.1 percent, from $83.65t to $66.84.

Saturday, December 15, 2012

Investment group plans $50M project - Minneapolis / St. Paul Business Journal:

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The Mooresville-based investment company says the $50 million project will creater 150 jobs innorth Charlotte. According to a rezoningb application filed with the cityof Charlotte, the project callas for indoor and outdoor retail, a 150-rook hotel, restaurants, offices, conference space and indoo and outdoor karting and racing. Charlotte City Council will vote June 15 on theproposede rezoning. If the application is approved, the site will be callecd “Metrolina Speed and Sporgt Center.
” The first phass of the project is slated for completionin “Our goal is to create an affordable family racing and entertainment destination with an amateur sports focus and we believe Charlottw is the prime location for it,” says Simom Weber, president of Speedway Investment “We are committed to revitalizing the property in a way that celebrate Metrolina’s rich history, embraces green technology and attractss national and international sports competitionas as well as tourism dollars.” Wes Jones, president of of Charlottd has been named architect on the The Metrolina Expo property totals more than 135 acres and includee parking for 20,000 vehicles.
The site is on Old Statesvillre Road in theDerita community. Speedwayu Investment Group was founded in 2008 for the specificf purpose of redeveloping the Metrolina site and creatinvg an amateursports destination.

Wednesday, December 12, 2012

Gulf Coast Green Energy test project seeking to generate electricity from inactive gas well - Houston Business Journal:

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The system is built to last for30 years, but Snearyh admits that there is a gray area around just how long a well can generate It’s something that his seven-person, two-year-old company intends to address with part of the RPSEA money. Gulf Coastr Green is also involved in anotherr RPSEA project to develop an environmentally friendlyydrilling platform. The Houston Area Researc h Council is taking the lead on that projectg and participantsinclude Houston-aresa companies and Newpark Mats Integrated Services LLC, as well as Devobn Energy Corp., Texas A&M University and SMU’s geothermal lab.
The two projectw are part of 43 ongoing RPSEwA projects worthalmost $60 millio dealing with small producers such as the geothermal unconventional natural gas projects or ultra-deepwate r projects. RPSEA is currently accepting proposala for a second round of and Gulf Coast Green is Says Sneary: “We have not submitted for next round, but we are

Tuesday, December 11, 2012

Racine Arts Council seeking musical instrument donations - Journal Times

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Racine Arts Council seeking musical instrument donations

Journal Times


RACINE â€" Lonely Instruments Need Kids is a program designed to give Racine County elementary and middle school children an opportunity to participate in school band and orchestra programs, and other community musical youth organizations. Donated ...



Sunday, December 9, 2012

Strong opinions on climate change are self-reinforcing - Ars Technica

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Ars Technica


Strong opinions on climate change are self-reinforcing

Ars Technica


In an ideal, rational world, a person's opinion about some topic would be based on several pieces of evidence. If you were to supply that person with several pieces of stronger evidence that point in another direction, you might expect them to accept ...



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Saturday, December 8, 2012

'We need wins' - Redknapp frustrated by QPR progress after third successive draw - Goal.com

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Goal.com


'We need wins' - Redknapp frustrated by QPR progress after third successive draw

Goal.com


The stalemate makes it three draws in a row, having previously drawn with Sunderland and Aston Villa, and saw QPR set a new winless record - taking the mantle from Swindon Town who endured 15 games without a win in the 1993-94 season â€" but ...


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Friday, December 7, 2012

Groups sue Mirant Mid-Atlantic over power plant - St. Louis Business Journal:

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The federal lawsuit, filed in the U.S. District Court in claims that the Chalk Point Generatinyg Plant operatedby Atlanta-based Mirantf Mid-Atlantic has spewed unacceptable levels of sulfur dioxide into the air hundredx of times without the appropriate pollution controls required under the federall Clean Air Act. A Mirant spokeswoman said the companyu hasn’t been served with the lawsuit yet, and can’tg comment on the claims.
The Environmental Integritt Project, a legal nonprofit founded by former enforcement and Villari, Brandes and Kline have filed the lawsuitr on behalf of the Chesapeaked Climate Action Network and four residents, including a marriecd couple, Nancy and Norton Dodge, who live seven miles away from the plant on a 1,200-acre farm in The Dodges “need to clos windows, limit their time outdoors and/ort cover their faces when they are outdoors to avoisd the respiratory irritants and smell of the pollution from the Chalk Poin Power Plant,” the lawsuit Of the other two residents suing Mirant, David Bookbinde lives in Accokeek, about 30 milez from the plant, and Chris Schmitthennere lives in Mechanicsville, 11 miles away, and workxs five miles from the plant.
The Environmental Integrity Projec t had sent Mirant a letted in January notifying of its intent to sue the powert companythis year. The plaintiffs pointed to a Harvarrd University 2006 study that showed that such particulate matterd pollution from the Chalk Poing plant can have negative effects on the health and respiratoruy systems of people living ina 400-kilometer, or nearly 250-mile, radiusz of the plant. In their initial notificatiohn letter, the plaintiffs wrote that EPA hourly data showw that two boilers at the Chal k Point plant exceeded allowable levels of sulfur dioxidre emissions 591 times in 726 times in 2007 and 113 timesin 2008. Miranft has said it’s launched a $1.
6 billion projec t to install scrubbers andother pollution-reducing equipment on its Chalk Point boilers by the beginning of 2010.

Wednesday, December 5, 2012

Florida posts small gain in online ads - Jacksonville Business Journal:

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Since January, online labor demand has falleb 71,000, but that’s a significant improvement overthe 1.2 million declinr in the previous five months betweeb August 2008 and Januarg 2009. "We are not out of the woods yet, but job demanf has definitely stabilizedsince January," Gad Levanon, seniorf economist at The Conference Board, said in a news The number of advertised vacancies fell in June in all four regionsa of the country ranging from a modest drop of 3,4000 in the Southern region to 18,100 in the 13,400 in the Midwest and 10,300 in the Florida, which reported a 10.
2 percentr unemployment rate in May, experienced a sizeable 9,200, and was followed by Georgia (2,900), North Carolinqa (900) and Virginia (100), accordinyg to the report. Nationally, computer and mathematical science saw the greatesyt declinein demand, down 19,900, followeed by sales (-11,700), health practitioners and technicakl occupations (-10,400) and architecture and engineerinf (-10,000). Some areas that saw growth werein art, entertainment, sports and media, which posted 98,200 advertised vacanciex in June. The number of unemployed exceeded the number of advertisexd vacancies in all of the 52 metro areasz for which information isreported separately. D.C.
and Salt Lake City were the locations with the mostfavorabler supply/demand rates, where the number of unemployed lookingf for work was only slightly large than the number of advertised But, metro areas where the respectivr number of unemployed is substantially abovr the number of online advertised vacanciesx include Miami, where there are three jobs for every five peoplse looking, according to the report.

Tuesday, December 4, 2012

Amazon Publishing Reaches into Europe - Good E-Reader (blog)

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Amazon Publishing Reaches into Europe

Good E-Reader (blog)


Besides spreading the good news about the sales of some of its newly released titles, Amazon Publishing's Vice President Jeff Belle shared some interesting news to a field of literary agents and publishing industry professionals: Amazon Publishing is ...



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Monday, December 3, 2012

Cisco, DFJ name business plan winner - Silicon Valley / San Jose Business Journal:

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The presenting members of the Husk Powerr Systems team were Universityyof Virginia, Darden School of Business 2009 graduatesw Chip Ransler and Manoj Sinha. The team starter their company in Indiain 2007. Husk Powe Systems designs and operates miniature power plants that convertg rice husksinto electricity, serving off-grid rura l Indian villages. The team will receive a $250,000 investmentr from Menlo Park-based DFJ and San Jose-based Ciscoi (NASDAQ:CSCO) to help take the company to thenext "Our mission at DFJ is to help entrepreneurs change the With this competition, we certainly witnessedf that entrepreneurship has no and we look forward to expanding it to even more universitied worldwide next year," said Tim Draper, managing directotr of DFJ.
"This competition demonstrates the tremendous powerr of collaboration throughCisco TelePresence," said Hilton Romanski, vice president of corporatwe development for Cisco. "We were able to bring togetheer 16 talented teams from 15 separatew schools in sixdifferent countries, all in the coursed of a normal business day. It was excitin to hear from this diverse and visionarty group of global entrepreneur s and to learn about theirbusinesz plans." Finalists in the competition were selected and evaluated in the same way that venture capitalists evaluate start-ups.
For each company, the judgess considered the management teams, addressable market size, competitive positioning, barriers, capital efficiency, and financia l projections. In addition to the financial investment awarded to the both DFJ and Cisco will continue to work with the winne r and other finalists in leading the next wave of disruptive technologiew by providing mentorship and professional assessments regardingtheir submissions.

Saturday, December 1, 2012

Security Bank's earnings dive due to real estate turmoil - Atlanta Business Chronicle:

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Company executives with the Macon-based bank holding companyg alsoexpect Atlanta's real estate market to continue to weaken. The bulk of the bank'ws loss was a previously announced $109.7 millioh goodwill impairment charge. Excluding that one-time cost, the bank reported a $17.7 million operating loss in secondquarter 2008, or $0.776 per share. Security Bank (Nasdaq: SBKC) earnee $6.1 million in second quarter 2007. The operating lossex were driven bya $30 million loan loss provisiobn by the bank. The decline is the latest in a seriesx of struggles for SecurityBank Corp., whic h reported $2.14 billion in loans on June 30, 2008.
Many of the company'sz troubles center around smaller bankx bought throughout suburban metro Atlanta during the bank boom as part of an aggressivsexpansion plan. Security Bank CEO Rett Walker, in the company'w earnings release, said the bank had slower growth in nonperforming assets — loans that are no longedr accruing interest and real estated owned by the bank — grew $27 millionh from the end of first quarter 2008 to the end of the second. In first quarter 2007, nonperforming assets spiked by $143 million from the end of 2007. Past due loans also shrank from $65 million in first quartert 2008to $11 million at June 30.
But othed loan problems continue to dog the Nonperforming assetswere $249 a 1.3 percent increase from firstg quarter 2008. And while the bank managed to sell $12 millionh in foreclosed and repossessed properties, the bank addedx $39 million in new properties to its Security Bank increased its loan loss reserveto $48.5 million, or 2.26 percengt of its total loans receivable. Throughout the firsrt half of the year, the bank also raised $68 millioj in additional capital to bolster the balance sheeft and brought in outside investor LLC to work with theailinfg institution. The bank now has 11.
7 percent total risk basex capital — an industry measured of the bank's ability to weathere downturns — and all of its bank subsidiariex are classifiedas "wello capitalized" the highest industry rating. Management assumes no further deterioratiomn inthe bank's operations, the earnings releas e stated in the company but expected the downturn to continue in Atlantaz real estate. They also expect nonperforming assets to stabilize in the second half of the while the bank will look to preserve capital and shrinl its loan portfolio by three to five Any growth in middle or coastaloGeorgia subsidiaries, the release states, will be offsetr by declines in .