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updated 12:40 p.m. ET Feb. 21, 2012

LONDON – Manchester United’s cash reserves fell by 100 million pounds ($158 million) in six months partially to finance an investment in a roster failing to maintain the English champions’ dominance.

As a result of spending that also took in stadium improvements and a bond repurchase program, the Old Trafford bank balance dropped from 150.6 million pounds to 50.9 million pounds ($238 million to $80 million) to Dec. 31, the club’s quarterly accounts revealed on Tuesday.

Despite net spending of 48 million pounds ($76 million) on new players, including goalkeeper David de Gea, defender Phil Jones and winger Ashley Young, United failed to advance past the first round of the Champions League and has been eliminated from both domestic cups. Meanwhile, neighbor Manchester City holds two-point lead in the Premier League.

United spent 5.3 million pounds ($8.4 million) in the three months ending Dec. 31 buying back bonds that were issued two years ago to raise 504 million pounds (then $762 million) to replace long-term financing and reduce debts to hedge funds.

United has spent 92.8 million pounds ($147 million) repurchasing that debt ? more than the 80 million pounds (then $130 million) received from Real Madrid in 2009 for the sale of Cristiano Ronaldo.

The club’s debt, resulting from the 2005 takeover by the American Glazer family, stood at 439 million pounds ($694 million) at the end of 2011 and incurred almost 24.5 million pounds ($39 million) in interest payments in six months.

Although the debt was down from the 508 million pounds at the end of 2010 it rose again in the final three months of 2011 by 6 million pounds ($9.5 million).

However, United’s moneymaking abilities appear to be undiminished, with 175 million pounds ($277 million) in revenue in the six months ending Dec. 31 ? up more than 10 percent on the same period a year earlier due largely to a rise in TV income and a new training jersey sponsorship deal with express delivery and freight firm DHL.

“Revenues continue to grow strongly although costs are increasing just as quickly so pretty much negating that growth,” the Manchester United Supporters’ Trust said in a statement. “However the key figures of interest to supporters show the Glazers have now spent every penny of the money received from the sale of Ronaldo, and more.

“That’s now 92.8 million pounds spent on buying back their own bond debt that they loaded onto our club.”

MUST said that since Ronaldo’s departure, net transfers totaled 90 million pounds ($142 million) while 225 million pounds ($356 million) had been taken out of the club to cover debt payments and interest.

“What could the club have done with that extra 225 million pounds? Cheaper tickets for loyal fans, investing massively in the squad and stadium, developing and retaining the best youth players, competing on an equal basis with the very best teams in Europe,” MUST said. “This is the true cost to Manchester United of the Glazers’ ownership.”

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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Man United’s cash reserves fall

Manchester United’s cash reserves fell by $158 million in six months partially to finance an investment in a roster failing to maintain the English champions’ dominance.

Tevez sorry

Carlos Tevez has finally apologized to Manchester City following a five-month feud and withdrawn his appeal against a gross misconduct charge.

Source: http://nbcsports.msnbc.com/id/46467700/ns/sports-soccer/

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One of the problems going through a small business is in regards to accounting. With the issue in funds, some atlanta accounting is conducted by the business owner. The actual entrepreneur is assigned to run the business possibly at the same time handles this day-to-day accounting requirements in the company. Because of this, the organization is often fined through the government for late payment of taxes, late submission of taxes documents and at times, non-submission of tax forms. Also, the business may also be fined for flawed computations of tax dues. The business owner has his/her hands complete with running the company that handling the actual accounting requirements can be turned over to another particular person.

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Source: http://articlegoes.com/the-ins-and-outs-with-nicole-kidmans-relationships.html

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AP – Germany’s coalition government and main opposition parties will hold a first round of talks on finding a bipartisan candidate for the country’s presidency.

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Last feed update: February 18 2012 12:25:18.

Nonprofit Marketers: Rebels With a Cause Who Help Make a Difference – AdAge.com

Mon, 13 Feb 2012 17:31:38 GMT
AdAge.comNonprofit Marketers: Rebels With a Cause Who Help Make a DifferenceAdAge.comOf necessity, the more successful non-profit chief marketing officers are also some of the most passionate, innovative, pragmatic and quick thinking around. “Every dollar I don’t spend in marketing goes back to saving someone’s life,” said Emily …and more??

Study: Social media central to event marketing – BtoB Magazine

Fri, 17 Feb 2012 17:22:39 GMT
The GuardianStudy: Social media central to event marketingBtoB MagazineSocial media marketing has become a critical tool for small businesses and nonprofit organizations planning events, according to a study by email service provider Constant Contact. According to Constant Conctact’s online poll of 474 small businesses …Jewish Non-Profits and Social Media – Do They Get It?The Jewish Week (blog)Beyond Facebook: 5 Ways To Monetize Private NetworksForbes5 Rules To Turn Your Local Business Into A ‘Social’ BusinessSearch Engine Landall 180 news articles??

Springfield CVB hands out travel awards hands out honors at new conference center – Springfield News-Leader

Fri, 17 Feb 2012 09:00:17 GMT
Springfield CVB hands out travel awards hands out honors at new conference centerSpringfield News-LeaderThe CVB is a nonprofit marketing organization with the mission of promoting Springfield as a travel destination. The CVB banquet was sponsored by 7C’s Winery & Vineyard, Bass Pro Shops Outdoor World, Baum’s Promotional Products, Central High School …and more??

Valence Health Welcomes Tom Sharpe as VP of Marketing – Sacramento Bee

Thu, 16 Feb 2012 22:24:16 GMT
Valence Health Welcomes Tom Sharpe as VP of MarketingSacramento BeeFor more than 20 years, Tom Sharpe has developed and implemented marketing strategies and communications for corporate and nonprofit entities within the healthcare sector. Phil Kamp, CEO of Valence Health noted, “We’ve established a great reputation by …and more??

UC Irvine Extension Offers New Online Course in Sports Marketing – MarketWatch (press release)

Fri, 17 Feb 2012 17:17:54 GMT
UC Irvine Extension Offers New Online Course in Sports MarketingMarketWatch (press release)She has more than 10 years of combined marketing and communications experience in the non-profit and education sectors, and has been teaching undergraduate extended studies courses in marketing for Adams State College for the past six years.and more??

Name change can be game changer for nonprofits – Minneapolis Star Tribune

Sat, 18 Feb 2012 04:21:17 GMT
Name change can be game changer for nonprofitsMinneapolis Star TribuneMinnesota do-gooders, not exactly known for their creative pizazz, are spiffing up their public images — and shedding some well-known nonprofit names in the process. Resources for Child Caring, a 40-year-old St. Paul nonprofit, told its supporters …

Charles Zukow Associates Celebrates 10th Anniversary With 10 Donations – MarketWatch (press release)

Thu, 16 Feb 2012 19:27:15 GMT
Charles Zukow Associates Celebrates 10th Anniversary With 10 DonationsMarketWatch (press release)SAN FRANCISCO, Feb 16, 2012 (GlobeNewswire via COMTEX) — Charles Zukow Associates (CZA), a San Francisco-based public relations and marketing firm, recently announced ten years of service to arts, entertainment, lifestyle and nonprofit clients.and more??

Learning in the real world – Chicago Sun-Times

Sat, 18 Feb 2012 01:30:47 GMT
Learning in the real worldChicago Sun-TimesBy SANDRA GUY sguy@suntimes.com February 17, 2012 7:14PM Chatham native Kaitlin Judkins concedes she was a ?girly girl? cheerleader who hated getting dirty or skinning her knee before she found ?Project Exploration,? a Chicago non-profit that dinosaur …and more??

Susan G. Komen for the Cure’s Response: What Marketin… – The Nonprofit Quarterly

Wed, 15 Feb 2012 03:28:32 GMT
The GuardianSusan G. Komen for the Cure’s Response: What Marketin…The Nonprofit QuarterlySusan G. Komen for the Cure is a bastion of effectiveness in cause marketing, which makes its flatfooted response to the recent melee over funding cancer screenings at Planned Parenthood so odd. What in the world happened? Does My Nonprofit Need to Pay …COLUMN: ‘The Market’ chooses Culture Wars winnerClarksville Leaf ChronicleKomen’s Brinker Must GoHuffington PostAre You Prepared to Deal with Social Media Backlash?Business 2 CommunityFast Companyall 445 news articles??

City looking for new partners to run the Hollywood Diner – Baltimore Sun (blog)

Fri, 17 Feb 2012 22:01:29 GMT
Baltimore Sun (blog)City looking for new partners to run the Hollywood DinerBaltimore Sun (blog)Baltimore City, which owns the property, has terminated its lease with the Chesapeake Center for Youth Development, the nonprofit organization that has run the diner since 1991. In April, the comptroller’s office will issue a request for proposals for …and more??

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Lending by the Chinese Development Bank (CDB) and Export-Import Bank of China (China Ex-Im) to Latin America is larger, newer, and growing faster than its Western counterparts. ?According to our research, since 2005, China has provided $75 billion in loans and credit lines to Latin American countries. ?In 2010, Chinese funding exceeded the region?s combined financing from the World Bank, Inter-American Development Bank (IDB), and U.S. Export-Import Bank. In fact, China overtook the World Bank and IDB even as those banks doubled lending to the region from 2006 to 2010.

China?s emerging role as a major lender to Latin America has raised concerns regarding the competitiveness of loans from World Bank and Western export credit agencies and implications on governance and environmental initiatives. In an article for The Washington Post, journalist John Pomfret further outlined these concerns stating that ?China is a master at low-ball financing, fashioning loans of billions of dollars at tiny interest rates that can stretch beyond 20 years? This has become a headache for Western competitors, especially members of the 32-nation Organization for Economic Cooperation and Development (OECD), which long ago agreed not to use financing as a competitive tool.? ?Others argue that Chinese financing provides an alternative source of financing without the restrictive policy conditionalities imposed by the World Bank. Deborah Br?utigam, a professor at American University, believes that in Africa, China is filling an unmet need for energy, mining, infrastructure, transportation, and housing lending, which was all but abandoned by the World Bank decades ago.

In the midst of these debates, our report ?The New Banks in Town: Chinese Finance in Latin America? released by the Inter-American Dialogue examines the volume, composition, and characteristics of Chinese lending to Latin America and the Caribbean. Our report found that lending by the CDB and China Ex-Im to the region is newer, larger, and complements lending by their Western counterparts.

Lending by Chinese banks are recent additions to the region with annual lending never exceeding $1 billion prior to 2008. ?Since then, Chinese lending has skyrocketed. Over 90 percent of Chinese funding is packaged as loans of $1 billion or more in comparison to 22 percent of the World Bank?s loans. ?Despite concerns about emerging competition between Chinese banks and their Western counterparts, China?s lending complements rather than competes by lending at commercial rates to different countries and sectors.

Venezuela and Ecuador received 61 percent of China?s total loans to the region, filling a gap left by sovereign debt markets. Chinese loans also concentrate in different sectors than their Western counterparts. An estimated 87 percent of Chinese loans are focused in the energy, mining, infrastructure, transportation, and housing sectors rather than the health, environment, and public administration sectors dominated by the World Bank.

Interest rates offered by the CDB and China Ex-Im are comparable to those offered by the World Bank and other export credit agencies, not the sweetheart deals claimed by some. ?In fact, in side by side comparisons with the International Bank for Reconstruction and Development, the report found that the CDB?s interest rates were higher. ?China Ex-Im Bank?s rates are slightly lower than the U.S. Export-Import Bank due to government development aid subsidies rather than cutthroat competition.

Chinese loans do not impose policy conditionalities, but they require stringent purchase requirements and oil sale agreements. These ?strings attached? allows China to reduce risk premiums and charge their high-risk borrowers affordable rates. As energy economist Roger Tissot argues, ?Chinese financing is often the ?lender of last resort.? It is not a cheap one, but due to the concern the international financial community has over Venezuela and Ecuador, and the large risk premiums they would charge, Chinese lending is an attractive option.?

Surprisingly, Chinese banks do operate under a set of environmental guidelines, but those guidelines are not yet on par with their Western counterparts. ?European Investment Bank (EIB) President Philippe Maystadt raised these concerns, alleging that Chinese banks are stealing EIB?s projects by ?undercut[ting] the conditions it imposed on labour standards and environmental protection.? With the concentration of Chinese loans in environmentally-sensitive projects, concern remains over potential environmental impacts of those projects to the region as they are implemented.

With every opportunity comes a challenge. ?Latin Americans get a new source of finance that gives them better leeway to meet their own development goals. ?That said the Latin Americans pay a higher premium for those loans and if they don?t use some of the finance to support macroeconomic stability, economic diversification, equality, and environmental protection this new source of finance could bring great risk.

This piece was originally published by Americas Quarterly.

Source: http://triplecrisis.com/a-better-deal-chinese-finance-in-latin-america/

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On The Today Show this morning, Matt Lauer and Bill O’Reilly engaged in a fascinating debate.

It stemmed from the latter’s belief that Whitney Houston had a death wish, that nobody abuses drugs or alcohol in such a way “if they want to stay on the planet.”

Lauer countered this point by saying “addiction is a disease,” but O’Reilly shot back:

“It’s a mental disease. You have free will when it comes to addiction. You don’t have free will when it comes to lung cancer.”

Matt Lauer Interviews Bill O’Reilly (Audio)

The main topic of the discourse, though, centered on the media’s handling of Whitney’s long struggle with substance abuse, with O’Reilly labeling all reports over the years as “sensationalized to exploit the woman’s condition, not try to help her.

“You know what we in the media do, Lauer?” he asked. “We wink-wink it. We Snoop Dogg it. We Willie Nelson it. ‘Hey, oh yeah, they’re stoned, that’s fine.’”

Is O’Reilly in favor of lowering flags in New Jersey Saturday in honor of Houston’s funeral? Yes, he believes we should respect the singer’s life. But he also believes journalists should have done the same for her before she died by taking a harsher stance on her drug problem.

Listen to the audio above and take a side.

Source: http://www.thehollywoodgossip.com/2012/02/matt-lauer-vs-bill-oreilly-did-the-media-exploit-whitney-houston/

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