Show Closed This production ended its run on April 6, 2014 Directed by Leigh Silverman, Kung Fu tells the story of international icon Bruce Lee’s journey from troubled Hong Kong youth to martial arts legend. The new play blends dance, Chinese opera, martial arts and drama into a new theatrical form. The production follows Lee in America as he struggles to prove himself as a fighter, a husband, a father and a man. Related Shows In addition to Horibe, the cast of Kung Fu features Phoebe Strole, Jon Rua, Emmanuel Brown, Clifton Duncan, Bradley Fong, Francis Jue, Peter Kim, Ari Loeb, Reed Luplau, Kristen Faith Oei and Christopher Vo. View Comments The world premiere of David Henry Hwang’s Kung Fu begins performances at off-Broadway’s Pershing Square Signature Center February 4. Starring Cole Horibe as Bruce Lee, the show will play a limited engagement through March 30 at the Irene Diamond Stage. Opening night is set for Febuary 24. Kung Fu
University of GeorgiaDoes the thought of honey have you itching to raise bees? Then the State Botanical Garden of Georgia has a series of classes for you.The Beekeeping for Beginners Series will start on Dec. 6 in Athens, Ga., and will cover the fundamentals of beekeeping. All classes will be held from 9 a.m. to noon. The first will cover beekeeping basics, followed on Jan. 10 with the care and feeding of honeybees and on Feb. 7 with the ABCs of assembling a beehive.The classes will be taught by Dan Harris, a beekeeper with the University of Georgia College of Agricultural and Environmental Sciences and at Booger Hill Farm in Athens.Pre-registration is required. The series costs $40 for Friends of the Garden members and $45 for non-members. For more information or to register, call (706) 542-6156 or visit www.uga.edu/botgarden.
The owner of the Brattleboro Reformer, Bennington Banner and more than 50 daily newspapers across the country, including the Denver Post and San Jose Mercury News will file for bankruptcy protection. Affiliated Media, Inc of Denver has announced that it has obtained the approval of its lenders for a financial restructuring of the company that will sharply reduce its debt, boost its cash flow and allow greater financial flexibility. The plan will be implemented in the near future through a “prepackaged” chapter 11 filing. This is a similar type of filing that FairPoint Communications recently undertook, in which it gives up most of the ownership of the company in exchange for significant debt reduction, but without a change in management.Affiliated Media is the holding company for the MediaNews Group family of newspapers, the nation’s second-largest newspaper publisher by circulation and owner of 54 daily newspapers, over 100 non-daily newspapers, as well as websites, television and radio broadcasters that serve markets in 12 states.Unlike other media company reorganizations, this one does not involve the newspaper operations or have any effect on employees or vendors of the newspapers. Only the holding company will restructure. A letter to employees is attached to the end of this story.The reorganization, structured in consultation with the company’s senior lenders, provides for the swap by senior lenders of debt for equity, and reduction of the company’s debt of approximately $930 million to $165 million. There will be no management change or change in control of the company. William Dean Singleton, Chairman and Chief Executive Officer of MediaNews Group, will continue to select a majority of the members on the Board of Directors. The Singleton led management will be authorized to own 20% of the company through stock and warrants. Singleton and company President Joseph J. Lodovic IV will control the company through their ownership of all class A shares of the company, which entitles them to elect a majority of the board of directors. Other stockholders will own class B and class C shares. “In our search for a new model that reflects the realities of today’s changing newspaper environment, we have come up with a solution that restores financial strength and flexibility to our balance sheet,” said Singleton. “It does not affect the operations of any of our newspapers or vendors or other operations. It gives us one of the strongest balance sheets in the industry. It gives us breathing space to create a new model for the newspapers we publish.”Singleton added: “One critical advantage of our plan, compared with those by some other media companies, is that it is a prepackaged plan that has the approval of lenders and unlike other filings, this one does not involve our newspaper operations.” He noted that the plan allows for claims of Affiliated Media’s trade creditors, suppliers and employees to be unaffected by the filing and paid in the ordinary course as they come due. Almost all of the company’s trade creditors, suppliers and employees are totally unaffected in any event since none of the individual newspaper operations are involved in the reorganization plan. “For them, it’s business as usual,” he said. The company is current on all vendor payments, he said, and expects to remain so. He said the company has adequate cash to fund all its operations in a normal fashion.At present, senior lenders to the company are owed approximately $590 million, guaranteed by certain affiliates. The company also owes an aggregate principal amount of about $326 million to holders of subordinated notes. By accepting the prepackaged plan, senior lenders will trade their existing claims and guarantees for a pro rata share of the new secured term loan, in a smaller principal amount but with more collateral and a more financially sound borrower, as well as ownership of a majority of the new equity of the reorganized company, subject to a gradual dilution as a result of grants of restricted stock. Subordinated note holders will receive warrants for future equity. All existing equity interests in Affiliated Media will be cancelled.In contrast with most filings, where creditors may oppose the proposed plan for re-organization, a prepackaged filing means that affected creditors have already seen and accepted the plan prior to the time it is filed, so that it can proceed with little debate or negotiation, and can swiftly win approval from the court.The newspaper industry is undergoing a major transformation, exacerbated by the current recession, which is causing falling advertising, a slumping retail market and significant drops in classified advertising. About 80 percent of the company’s revenues are generated by advertising sales, and those sales will likely continue to be affected by the economic downturn. In recent years, the company has undertaken a number of strategic initiatives to improve operating cash flow and to reduce costs. But it became clear yesterday’s balance sheet couldn’t be sustained by today’s business environment.Even as the newspaper environment has badly deteriorated over the past three years, MediaNews newspapers have performed better than the industry as a whole. Circulation of the company’s newspapers grew for the September Audit Bureau of Circulations 6-month reporting period, while industry circulation dropped 10.6 percent. The growth included gains by the Denver Post after its primary competitor ceased publication. Excluding the Denver gain, the company’s circulation dropped 4.8%, still well below the industry’s 10.6% decline.And the company’s innovative advertising sales initiatives have resulted in advertising declines lower than the industry as a whole. December quarter advertising results have shown substantially smaller declines than were experienced in the first nine months of the year.All but one of the company’s newspapers are profitable.”This reorganization does not come without pain,” Singleton said. “Current shareholders will be losing the value of their holdings. But we believe that adopting this plan will give us a far better platform from which to develop, grow and participate in the consolidation and re-invention of the newspaper industry.”Letter to Employees, from William Dean SingletonJanuary 15, 2009Dear MediaNews Group Employee:I have important and positive news about our company’s future.Today, our corporate holding company, Affiliated Media, Inc. announced that it has obtained the approval of its lenders on a financial restructuring that will sharply reduce debt, boost cash flow and give the company greater financial flexibility. The plan will be implemented in the near future through a “prepackaged” filing in United States Bankruptcy Court.Unlike previous filings by media companies, this one does not involve our newspaper or broadcast operations. Only our holding company, Affiliated Media, Inc., will be restructured. We expect all of our daily operations to continue without disruption, with employees receiving normal salary and benefits, suppliers being paid, advertising being placed and newspapers being printed and delivered as usual. No layoffs, sale of newspapers, facility closings or consolidations are anticipated as a result of the financial reorganization announced today.The prepackaged plan, structured in consultation with our senior lenders, is expected to reduce our debt of about $930 million to $165 million through a debt-for-equity swap by the senior lenders. The lower debt and interest payments will give us breathing space to create a new model for the newspapers we publish.There will be no management change or change in control of the company. I will continue as Chairman and Chief Executive Officer of MediaNews Group and will continue to select a majority of members of the Board of Directors. Our management team will be authorized to own 20% of the company through stock and warrants. I and President Joseph J. Lodovic IV will control the company through our ownership of all of the company’s class A shares. Other stockholders will own class B and C shares. Since our newspapers are not involved in this restructuring, you’ll see no changes in your operation. Our plan allows for trade and other business vendors to be paid in the ordinary course of business. The company is current on all vendor payments, and we expect to remain so. We have adequate cash to fund all of our operations in a normal fashion.Even as the newspaper environment has badly deteriorated over the past three years, you can be proud that MediaNews has outperformed the industry as a whole. Our total newspaper circulation grew for the September Audit Bureau of Circulations 6-month reporting period, while industry circulation dropped 10.6%. And our innovative advertising sales initiatives have resulted in advertising declines lower than the industry as a whole. As you know, the December quarter has performed better than the first nine months of the year. All but one of our newspapers are profitable.We expect to quickly emerge from our reorganization with one of the strongest balance sheets in our industry. This transaction gives us a far better platform from which to develop, grow and participate in the consolidation and re-invention of the newspaper industry.As our co-founder and chairman-emeritus Dick Scudder told me as we sought ways to ensure the company’s future, “This is not about you or me; it’s about our newspapers, our employees and the communities they serve.”I couldn’t agree more!I think all of us believe, with good reason, that a financially viable and independent free press is imperative for our country’s democracy. We who actually work in the newspaper business have a direct interest in keeping newspapers healthy. But we also can see that the communities we serve rely on newspapers, not only to keep everyone informed, and to check government and corporate abuse, but also to provide a cohesiveness that our society very much needs. Our nation was founded by men who recognized the indispensable role of a vibrant press in building a truly democratic society. That great insight, fought for and defended vigorously for over 200 years, is one of the reasons we emerged as the leader of the free world and became a model and inspiration for people fighting oppression all over the world. Yet many of our citizens now take it for granted, and forget how precious it really is.As you all know, the business model that has supported newspapers in past decades is now in the middle of wrenching change. There is still no clear or certain vision for our future, nor is there a consensus on how to approach it. But our company is making real progress as we rebuild an out-dated media model and I am confident that we can continue to do so.As your chairman, I am personally committed to working with you to define the future of the newspaper industry that you and I love so much. I thank you for devoting your lives to a cause that is so important to maintaining the standards and morals of our civilization. There are those who believe that our re-invention of the newspaper model will not succeed. I know it will, and I trust you do too.I look forward to working with you as we take our newspapers into a changing but successful new media world.Enclosed with this letter is the press release that we issued today with our announcement. We will keep you informed as we move ahead.Sincerely,William Dean SingletonChairman and Chief Executive OfficerQ & A for Employees of MediaNews GroupWhat is the news?Affiliated Media, Inc., parent of MediaNews Group newspapers, has obtained the approval of its lenders on a plan to sharply reduce its debt, boost its cash flow and give it greater financial flexibility. The plan will be implemented in the near future through a “prepackaged” filing in United States Bankruptcy Court in Delaware under chapter 11 filing.What is a prepackaged plan?All filings involve the preparation of a “plan of reorganization” which describes how the claims of each class of creditor and equity claim is to be treated, and must be approved by those creditors entitled to vote. A prepackaged plan is one where the “plan of reorganization” is prepared and approved by the creditors before the action is actually filed. Therefore, there is certainty about the outcome and the time within the process is greatly reduced, and could be as short as 60 days or less.In this respect, the AMI filing is a simple balance sheet restructuring to reduce debt. None of the operating subsidiaries or partnerships are involved. Further, except for our financial creditors (our senior lenders and subordinated note holders who will trade debt for stock), all holding company creditors will be paid in full in the normal course of business so there will be no impact on operations. What does this mean for our business?There will be no change in our daily operations. The whole point of the transaction is to let us address our balance sheet issues – simply put, too much debt for existing conditions in the industry and the broad economy – while avoiding any disruption to our daily operations.Will there be layoffs?No. Our decisions about staffing have always been – and will continue to be – in response to business conditions, not our finances. So while there is no guarantee that advertising or circulation won’t deteriorate further and force us to adjust accordingly, there are no layoffs planned as a result of our financial restructuring. We’re committed to maintaining the staffing we need to serve our readers and advertisers.Will pay or benefits be affected?No. Unlike with previous filings by media companies, this one does not involve our newspaper or broadcast operations. All benefits, including pay and pensions, will continue to be paid in the normal course of business. Pension plans will not be affected as the company intends to continue its sponsorships of all current plans. Only our holding company, Affiliated Media, Inc., will be restructured. Will there be a change in management or in who controls our company?No. There will be no management change and no change in control. William Dean Singleton will continue as Chairman and Chief Executive Officer of MediaNews Group and will continue to select a majority of members of the Board of Directors. Our management team will be authorized to own 20% of the company through stock and warrants. Mr. Singleton and President Joseph J. Lodovic IV will control the company through their ownership of all of the company’s class A shares. Other stockholders will own class B and C shares. Will this affect any of the company’s newspaper partnerships or joint operating agreements?No. Our partnerships and joint operating agreements are owned at the newspaper subsidiary level and all are debt free. Those subsidiaries are not affected by this restructuring.Does this affect The Denver Post?No. The Denver Post is party to its own bank credit agreement, which was successfully restructured on August 26, 2009. The Denver Post is not involved in this restructuring.Are there plans to sell or close any newspapers?No. The company plans to use the current platform as a base for growing the enterprise.You’ve said the announcement is good news. How does this help us?Our reorganization, structured in consultation with our lenders, is expected to reduce our debt from about $930 million to $165 million. In exchange for extinguishing the debt, our senior lenders will receive stock representing a major ownership stake in the reorganized company. The lower debt and interest payments will give us breathing space to create a new model for the newspapers we publish. We expect to have one of the strongest balance sheets in our industry. This transaction gives us a far better platform from which to develop, grow and participate in the consolidation and re-invention of the newspaper industry.Aside from this transaction, how is our business doing?During an extremely difficult environment for newspapers over the past three years, MediaNews has outperformed the industry as a whole. Total circulation grew for the September Audit Bureau of Circulations 6-month reporting period, while industry circulation dropped 10.6%. Our growth included gains by the Denver Post after its primary competitor ceased publication. Excluding the Denver gain, our circulation dropped 4.8%, still well below the industry’s 10.6% decline. On the advertising side, the Company’s innovative sales initiatives have resulted in advertising declines lower than the industry as a whole. The December quarter, while still down substantially, has performed much better than the first nine months of the year. All but one of our newspapers are profitable.What should I say to readers or advertisers ask about our filing?Let them know that this is a positive development that will make us financially stronger. They should also understand that the financial restructuring is a non-event for readers and advertisers.What if I’m approached by the media regarding the filing?If you receive any inquiries from the media or other interested third parties, please refer them to Seth Faison at 212-573-6100.SOURCE Affiliated Media, Inc. DENVER, Jan. 15, 2010 /PRNewswire/ —
Sign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York By Suzanne Monteverdi via QNS.comBurgers, shakes and roller skates! A new Sonic Drive-In location officially opened for business within the Green Acres Mall in Valley Stream on Monday, Feb. 20.Sonic Drive-In serves breakfast, lunch and dinner and offers a selection of burgers, hot dogs, sandwiches and sides, as well as an assortment of milkshakes, frozen drinks and sodas. The fast-food chain is known for its 1950s drive-in style, which enables customers to order their meals from their cars and have it delivered by servers on roller skates.The new Sonic is located within the shopping center at 2034 Sunrise Highway and will be open Sundays through Thursdays from 9 a.m. to midnight, and Fridays and Saturdays from 9 a.m. to 2 a.m.The fast-food joint has one other location further east on Long Island in North Babylon, which opened up in 2011.Green Acres Mall is home to more than 150 stores and restaurants, including Macy’s, Best Buy and Target. For more information about the location, call 516-561-1157.Related:LI’s Fast Food Invasion: Quick, Popular Eats Take Island by StormTwo New Chick-fil-A Locations to Open on Long IslandWahlburgers Opening First Long Island Location
As key credit unions issues are addressed in both chambers of Congress this week, CUNA will be engaged in the conversations and looking at how they might affect credit unions. In CUNA’s “The Weekly Legislative Update,” Chief Advocacy Officer Ryan Donovan breaks down those hearings, as well as new resources available for the nearly 5,000 credit union leaders who will be attending CUNA’s Governmental Affairs Conference (GAC).CUNA will submit a letter for the record for a hearing conducted Thursday by the House Energy and Commerce subcommittee on commerce, manufacturing and trade, concerning patent demand letters. CUNA is encouraged by a bill that would combat abusive patent lawsuits, and is continuing to pressure Congress to do more to combat “unfair and deceptive” patent demand letters.Along with a coalition of other financial services trade associations, it has outlined principles to Congress to address these growing problems. (See a related story in today’s News Now about league efforts to combat these “patent trolls”: Leagues combat ‘patent trolls’ on many fronts. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
142 Airlie Rd, PullenvaleFor Brisbane cardiothoracic surgeon Terry Mau, the time has come to sell his century-old manor house, once a ladies college. The six-bedroom, three-bathroom Pullenvale home features a “secret” staircase leading to a wine cellar and there is a separate guesthouse on the property. 142 Airlie Rd, PullenvaleThe former Moreton Bay Ladies College is on a 3.41ha block with swimming pool and tennis court.Dr Mau and wife Luba Malecky, a former plastic surgeon, bought the property in 1994 and, along with their two daughters, called it home for 18 years.McGrath Estate Agents Paddington selling agents, Alex Jordan and Frazer Watson, said the property was part of Queensland’s history. More from newsMould, age, not enough to stop 17 bidders fighting for this home1 hour agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor7 hours ago142 Airlie Rd, PullenvaleThe property, at 142 Airlie Rd, has been listed for sale with a price guide between $3,300,000 to $3,600,000.
The UK’s Pensions Regulator (TPR) has put pressure on dividend-paying companies to ensure a balance between cash paid to shareholders and contributions to pension schemes, according to Willis Towers Watson.TPR yesterday issued its annual report on defined benefit (DB) pension scheme funding. In it, the regulator said it expected schemes “where an employer’s total distribution to shareholders is higher than deficit reduction contributions being paid to the pension scheme to have a relatively short recovery period”.The regulator did not give specific details of what would constitute a “short” period, but Graham McLean, head of pension scheme funding at Willis Towers Watson, said it was clear TPR wanted some companies to pay “a lot more” into their schemes.“Last year, the regulator said that the median FTSE 350 employer was paying 10 times as much in dividends as in pension deficit payments,” McLean said. “A one-to-one ratio would often be a huge change – though, for some employers, a smaller increase in deficit payments might make the recovery period short enough to get the regulator off their back.” TPR was criticised last year by politicians on the cross-party Work and Pensions Committee, who highlighted a 23-year recovery period for the BHS Pension Scheme as unacceptably long.TPR chief executive Lesley Titcomb emphasised to the committee that this was an outlier, with the average recovery period across UK schemes closer to eight years.Willis Towers Watson’s McLean said the regulator could have turned the spotlight on the balance between dividends and DB contributions as “plans to repair deficits are generally not on course”.“Previously, the regulator has been warned that demanding more money for the pension scheme would stop employers from investing in their businesses,” McLean said.“It is trying to reframe the debate from ‘pay off the pension deficit instead of investing in the business’ to ‘pay off the pension deficit instead of returning funds to shareholders’,” he added. ”It makes sense for trustees to look at contributions alongside cash leaving the business, but a dramatic change in dividend policy could raise an employer’s cost of capital and weaken its business.“While the regulator’s words can affect behaviour, they do not change the law. Some employers may stand their ground or make the case that this sort of increase in contributions is not appropriate in their circumstances. Others may put more energy into debating how the deficit gets measured in the first place.”Lynda Whitney, partner at Aon Hewitt, said the regulator’s stance was a warning “with the threat that TPR will take more action than in the past if they do not think there is a fair balance between the treatment of the legal obligation to the scheme compared to shareholders”.TPR has a difficult balance to strike. Research from the International Longevity Centre published last year claimed that deficit reduction contributions had taken almost £100 (€117) away from individual employees’ wage growth.Separate work by JLT Employee Benefits in January reported that the cost of DB benefits was proving a drag on employer payments to defined contribution schemes.
Independent (UK) 2 April 2012The gift of life is not immune to pecuniary incentives. Charities working with sperm and egg donors report a boom in enquiries from potential volunteers as new regulations allow fertility clinics to make more generous payments.From today, men will be able to collect £35 per visit for their sperm, up from £15, and women will be paid £750 for their eggs, a threefold rise on the previous amount of £250.The new rates, agreed by the Human Fertilisation and Embryology Authority (HFEA) following a public consultation last year, are intended to boost the number of donors to meet rising demand. But they have also focused attention on the question of transparency in donation after decades in which the biological origins of tens of thousands of children have been kept secret.Donor anonymity was removed in 2005 and children born from gametes (sperm and eggs) used since that date will have the right to learn the identity of their biological parent when they reach the age of 18.But they can only do so if the parents who brought them up tell them about their origins. A survey conducted prior to the law change found 28 per cent of children conceived from donor sperm and 40 per cent conceived from donor eggs had been told by the age of seven.An inquiry by the Nuffield Council for Bioethics is to examine why parents choose not to tell their children and whether the information is so important, for medical as well as psychological reasons, that doctors and social workers should be involved.http://www.independent.co.uk/life-style/health-and-families/health-news/so-whos-the-daddy-ethics-dilemma-over-sperm-donor-boom-7606835.html
Stuff co.nz 25 July 2018Family First Comment: They’ve obviously been reading our submission. This is exactly what we were promoting www.saynopetodope.org.nz/medicinalNational’s medicinal cannabis bill would allow doctors to prescribe anyone medicinal cannabis – but not to smoke.It goes further than the Government bill in setting up a regulatory regime but is more harsh on the method of consumption that most people envision – smoking.It would make medicinal cannabis products a pharmacist-only medicine which could be prescribed by doctors, who would authorise a photo ID medicinal cannabis card.This would contrast with the Government bill, which provides a legal defence for cannabis possession and consumption for those with terminal conditions, but does not provide a legal path to selling or obtaining it.Some medicinal cannabis products are already available but are prohibitively expensive. National’s bill, in the name of MP Shane Reti, would allow for “fast track” MedSafe consenting of new cannabis products and domestic production to attempt to offset this.All loose-leaf and edible cannabis products would remain illegal but pills and liquids would be allowed.READ MORE: https://www.stuff.co.nz/national/politics/105735521/National-cannabis-bill-would-not-allow-any-smoking?cid=app-iPhone
Sharing is caring! LifestyleLocalNewsTravel Carnival’s demands had to be met to secure return visits by: Dominica Vibes News – July 16, 2018 Share Share Share Minister for Tourism and Culture, Senator Robert Tonge has said a lot of work went into meeting the standards required for Carnival Cruise Lines’ to re-include Dominica on its itinerary. Carnival Cruise Line removed Dominica from its itinerary in 2010 citing fuel costs and passenger feedback. In November 2013, Carnival Conquest visited Dominica but the destination was not re-added to Carnival’s itinerary.The cruise line made the first call of its sustained series to Dominica on Tuesday 10 July 2018. The MV Carnival Fascination is scheduled to make ten (10) calls and will call in fortnightly until November 6, 2018.Speaking with Dominica Vibes on Friday 13 July 2018 at the official opening of the York Valley Bridge in Layou, Senator Tonge explained that Carnival had pointed out a number of things which needed to either be put in place or rectified before it returned to destination Dominica. “Obviously, they have very, very high standards in terms of what they expect but over the years we’ve been trying to tick off as many of those issues as possible and continue to work on them,” Senator Tonge said. He added that Carnival’s return is not only significant following the passage of Hurricane Maria but because they are returning during the summer months. The summer months, he explained, is the “six months that the vendors have no form of employment so the whole idea is to bring back cruise throughout the entire year so these persons have a steady form of income that they can take care of their family and loved ones”.Minister Tonge is therefore happy for Carnival’s return as it is great news for the Dominican people, especially the vendors. “You would have seen them on the day before organizing themselves, getting the area ready, getting their tents ready and I’m really happy that we were able to negotiate on their behalf and to finally get Carnival Cruise Lines to come back to our beautiful country of Dominica.”Senator Tonge noted however that everyone has a play to part in ensuring that visitors receive the best service possible. “We have to welcome them, we have to deal with them properly, great customer service. We always have to make sure that our country is clean, not for visitors but for ourselves first and foremost and our sites, so we have to be careful how we dispose of our garbage and the security.”The minister said a post mortem of Carnival’s visit will be held this week before its second call scheduled for next week. This he said is “just to make sure the little issues we had we can knock them off and provide an even better experience”. 539 Views one comment Tweet