Lawsuit sends Buffalo, N.Y. hotel proposal to New York Supreme Court

Buffalo, N.Y. Hotel Proposal Controversy
Recent Developments
  • “Old deeds threaten Buffalo, NY hotel development” — Wikinews, November 21, 2006
  • “Proposal for Buffalo, N.Y. hotel reportedly dead: parcels for sale “by owner”” — Wikinews, November 16, 2006
  • “Contract to buy properties on site of Buffalo, N.Y. hotel proposal extended” — Wikinews, October 2, 2006
  • “Court date “as needed” for lawsuit against Buffalo, N.Y. hotel proposal” — Wikinews, August 14, 2006
  • “Preliminary hearing for lawsuit against Buffalo, N.Y. hotel proposal rescheduled” — Wikinews, July 26, 2006
  • “Elmwood Village Hotel proposal in Buffalo, N.Y. withdrawn” — Wikinews, July 13, 2006
  • “Preliminary hearing against Buffalo, N.Y. hotel proposal delayed” — Wikinews, June 2, 2006
Original Story
  • “Hotel development proposal could displace Buffalo, NY business owners” — Wikinews, February 17, 2006

Tuesday, April 25, 2006

Buffalo, New York —Attorney Arthur J. Giacalone has filed a lawsuit in New York Supreme Court against the city of Buffalo‘s Common Council and Planning board, alleging that the proposed Elmwood Village Hotel was approved “without giving meaningful consideration to either the impact on the adjoining residential neighborhood, or the unique character of this section of Elmwood Avenue.” Giacalone is representing Nancy Pollina and Patricia Morris, who operate the Don Apparel (a vintage clothing and collectibles shop at 1119 Elmwood Avenue), Angeline Genovese and Evelyn Bencinich, owners of residences on Granger Place which abut the rear of the proposed site, Nina Freudenheim, a resident of nearby Penhurst Park, and Sandra Girage, the owner of a two-family residence on Forest Avenue less than a hundred feet from the proposed hotel’s sole entrance and exit driveway.

The Elmwood Village Hotel is a 72-room, seven-million-dollar hotel proposed by Savarino Construction Services Corporation and designed by architect Karl Frizlen of the Frizlen Group. Its construction would require the demolition of at least five buildings, currently at 1109-1121 Elmwood, which house several shops and residents. Although the properties are “under contract,” it is still not known whether Savarino Construction actually owns the buildings. It is believed that Hans Mobius, a resident of Clarence, New York and former Buffalo mayoral candidate, is still the owner. The hotel is expected to be a franchise of the Wyndham Hotels group.

The lawsuit, filed in State Supreme Court, is seeking annulment of the City of Buffalo’s rezoning and site plan approvals for the hotel.

“Had the Common Council members complied with State law and waited to receive comments from the County’s planning agency, they would have been obliged to address the County’s concerns regarding the replacement of former residential buildings with ‘a much larger commercial structure’, the health effects of placing a 55-vehicle parking area next to existing homes, and the absence of a traffic study to assess the likelihood that the project would add ‘considerable congestion’ to the Elmwood/Forest intersection,” said Giacalone.

“The four-story hotel will overshadow the neighboring homes and backyards, impacting quality of life and property values. Equally as important, the project will displace a unique and diverse group of businesses that have served nearby college students and Buffalo’s arts and theater community for many years, and replace them with upscale retail establishments that will cater, not to local residents, but to affluent tourists and business travelers,” added Giacalone.

On March 22, 2006 the city’s Common Council approved the rezoning for the proposed hotel and on March 28, the Planning board approved the design and site plan of the hotel.

The lawsuit, entitled Pollina et al. v. Common Council of the City of Buffalo et al., [Index No. I-2006-3885], has been assigned to the Honorable Rose H. Sconiers, and is scheduled for oral argument at 9:30 A.M. on Thursday June 8, 2006.

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How Can I Get My Ex Girlfriend To Go Back Out With Me?

By Anthony Malibu

Every guy who’s ever been dumped wonders the same thing at one point or another: “How Do I Get My Exgirlfriend To Go Out With Me?” Meeting your ex after a break up is hard enough, but knowing what to say when you do see her again is even harder. Learn the best ways of contacting your ex when you want her back, and how to set up a reunion date that will be successful.

Many guys worry so much about winning back a girlfriend that they overlook a lot of important details. Just getting face to face with your ex isn’t enough… you need to know what you’re going to do and say that will convince her to give your relationship another shot. Most important of all, you have to make sure you meet her when she’s in the right mood. If you’ve bullied or strongarmed your ex into meeting up with you, chances are good she’s going to be pretty annoyed. She’ll be unreceptive to anything you try to tell her, and the whole meeting will be very confrontational.

Getting your girlfriend back requires you to create something first: longing and need. Your ex girlfriend should really have a desire to see you, talk to you, and find out how you’ve been doing. This can’t happen if you’ve been talking to her, emailing her, or text-messaging her with hourly updates. This is why it’s crucial to break contact immediately after the break up, allowing your ex some time alone. When you give her the space required to really think about your relationship, your ex will miss you. Making her curious to speak to you again is a huge step along the path to winning back your girlfriend, and a definite prequisite of the reunion date.

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Whatever happened between the two of you, it’s always best to let time smooth it over. Your break up might’ve been civil, but then again it might’ve been filled with a lot of anger and resentment. If things were said that neither of you meant, leaving each other alone for a while is just good policy. Getting your ex girlfriend to go out with you again won’t happen until she’s forgotten about any bad circumstances surrounding the break up.

Will you know when the time is right? Yes. Your ex girlfriend will show signs that she’s ready to talk again, just like she’ll show signs of still having feelings for you. Be ready to read these signals, as they might come in lots of different forms. Her mannerisms, body language, and even the way she responds to you will all be telltale signs that she might be ready to talk about things. No matter what happens, you’ll need to take it slow. Even if she’s giving you the go-ahead signs, there’s no reason to rush back into things after a break up. Resolving your differences will take time, and a cooperative effort by the both of you.

Picking a place to finally meet your ex is important. You want to invite her somewhere casual, for something short like lunch or a cup of coffee. Dinner would be too long and serious of a meeting, and you want to keep things pretty easy for right now. When you do meet, don’t talk about anything serious. Your goal should be to reconnect, have fun, and leave before you’ve run out of things to say. Leaving her wanting more is an neat little trick that gets her to come back another time.

Now if you’re having trouble getting your girlfriend to talk to you, there are many ways to make contact. First, you’ll need to have given her enough space for the both of you to resolve the break up. Once that’s done, you can make casual contact through a number of methods. There are also ways designed to get your ex to call you… but before you employ them, you’d better be prepared as to what you’re going to say – and how you’re going to say it. Too often guys show up to see an ex girlfriend and have no idea what to do, knowing only that they somehow want to convince them to come back.

About the Author: You’ll never get back together with your ex unless you have a definitive plan. There are some awesome techniques you can use to

Get Back Your Ex Girlfriend

, so learn what they are! And for more ideas on how to reconnect, check out

Contacting Your Ex

when you want her back.

Source:

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Family seeks prosecution over loss of UK Nimrod jet in Afghanistan

Tuesday, November 17, 2009

Following a new report into the loss of a Nimrod jet belonging to the UK’s Royal Air Force over Afghanistan the family of one of the victims is seeking a criminal prosecution. Sergeant Ben Knight, aged 25, was among the fourteen killed when Nimrod XV230 crashed in 2006.

Knight’s parents have applied via their lawyers Smithfield Partners to the Crown Prosecution Service to consider evidence contained in a report by Charles Haddon-Cave QC, who is due to appear before the House of Commons next month. The Loss Of RAF Nimrod XV230, A Failure Of Leadership, Culture And Priorities stated that the accident was preventable and that the Ministry of Defence (MoD) made spending cuts a priority over safety. A 2005 review into Nimrod safety was “riddled with errors,” the report found.

Smithfield Partners have also written to the Health and Safety Executive, asking for the MoD to be investigated for breaches of the Health and Safety at Work Act 1974. The letter was addressed directly to deputy chief executive Kevin Myres.

XV230 had shortly completed air-to-air refueling on September 2, 2006, when it was destroyed by an explosion. “We had a 25-year-old healthy son, who used to play squash and, to put it bluntly, he ended up as a plastic bag full of bits,” said Graham Knight. “That is something which is very hard to cope with.”

The Knights met Armed Forces Minister Bill Rammell in London yesterday. Rammell said he was unable to comment on possible legal action against individuals, but promised to provide answers to other questions posed by the Knights and other families. The Crown Prosecution Service has promised consider the matter, and the Health and Safety Executive said it could not comment this early on in developments. The latest report names five people in the MoD, three with BAE Systems and two with defence company QinetiQ, as responsible.

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Bank of America leads Consumer Financial Protection Bureau complaints about mortgages

Thursday, October 3, 2013

A review this week by Wikinews of US Consumer Financial Protection Bureau (CFPB) complaints about mortgages in the United States shows Bank of America leads all lending institutions in complaints.

Since mortgages complaints were recorded in December 2011, 77,622 total have been added to CFPB’s database. 29.2% of these complaints involved Bank of America, with the second most received by Wells Fargo, accounting for 15.5% of all complaints. JPMorgan Chase ranked third by volume of complaints with 9.8%. Ocwen was fourth with 8.7% and Citibank was fifth with 4.8%. Nationstar Mortgage; Green Tree Servicing, LLC; HSBC; PNC Bank; U.S. Bancorp; OneWest Bank; SunTrust Bank; Flagstar Bank; and Select Portfolio Servicing, Inc. each had between 1.0 and 3.8% of total complaints. The remaining 14.4% of all complaints about consumer mortgages were divided between about 530 other lending institutions.

The Motley Fool reported last month that for the past fiscal quarter, the biggest US based mortgage lenders were from first to fifth Wells Fargo, JPMorgan Chase, Bank of America, Quicken Loans and U.S. Bancorp.

According to the US Federal Reserve, debt for family residences stands at US$10.706 trillion for the second quarter of 2013. As of the end of June of this year, Bank of America is the United States’s second largest commercial bank with US$1.343 trillion in domestic assets. Wells Fargo is the fourth largest commercial bank with US$1.251 trillion in domestic assets. JPMorgan Chase is the largest US commercial bank with US$1.329 trillion in domestic assets and US$1.947 trillion in total assets.

The mortgage complaints in the CFPB report include several subproducts. Conventional fixed mortgages account for 27.1% of all complaints. Conventional adjustable mortgages account for 10.0%. FHA mortgages account for 7.7% of all complaints. Home equity loans or lines of credit account for 3.8% of all complaints. VA mortgages are 1.4% of all complaints. Second mortgages and reverse mortgages each account for 0.6% of complaints. The remaining 48.7% of complaints are about other mortgages or other mortgage issues. A few years ago, FHA loans accounted for about 10% of all US mortgages while VA loans accounted for about 3%. Prime loans accounted for over 75% of the market and the rest were subprime mortgages.

California leads all states by volume of complaints with 14768. It is followed by Florida, New York, Georgia and Texas. When complaints are divided by a state’s total population, New Hampshire leads. The state is followed by Washington D.C., Maryland, Georgia and Florida. Complaints do not correlate with national rankings for August’s foreclosure rate by state where Nevada topped the list, followed by Florida, Ohio, Maryland and Delaware.

Two zip codes account for over 1,000 total complaints between them. 565 complaints originated in the 48382 zip code, which is in Commerce Township, Michigan, located in suburban Detroit. 553 complaints originated in the 33071 zip code, in Coral Springs, Florida. According to real estate website Zillow, there are currently 1,033 properties in foreclosure in Coral Springs while Commerce Township only has 131 properties currently in foreclosure. Four other zip codes have 100 plus complaints originating from them. 91730, in Rancho Cucamonga, California, had 158 complaints. 33409, in West Palm Beach, Florida, had 132. 92626, in Costa Mesa, California, had 125 complaints. 92660, in Newport Beach, California, had 122 complaints. Respectively, the towns had 534, 1,068, 153, and 134 properties currently in foreclosure. These numbers are higher than for the cities of a few sampled zip codes where there was only one complaint, such as Gold Hill, Oregon which has 4 properties in foreclosure, and Decatur, Illinois which has 6 properties in foreclosure.

The CFPB categorizes complaints into six categories: “Loan modification, collection,foreclosure” or problems when a person is unable to pay; “Loan servicing, payments, escrow account” or problems with making a payment; “Application, originator, mortgage broker”; “Credit decision / Underwriting”; “Settlement process and costs”, and “Other”. The CFPB says the complaint types indicate consumers “appear to be driven by a desire to seek agreement with their companies on foreclosure alternatives. The complaints indicate that consumer confusion persists around the process and requirements for obtaining loan modifications and refinancing, especially regarding document submission timeframes, payment trial periods, allocation of payments, treatment of income in eligibility calculations, and credit bureau reporting during the evaluation period.” Currently, 59.6% of all complaints against lenders deal with being unable to pay. 25.1% deal with problems in making a payment. 7.0% have to do with the application process.

Of the complaint-heavy zip codes, for 48382 in Commerce Township, Michigan, 98.9% of all complaints have to deal with being unable to pay. Accounting for 23.4% of all mortgage complaints in Commerce Township, 132 of the complaints for being unable to pay were made regarding Bank of America, accounting for 97.8% or all but 3 complaints against them from the zip. 121 of the Bank of America responses in Commerce Township were closed with explanation and 12 were closed with non-monetary relief. 33071 in Coral Springs is different, with 537 of the 553 complaints being categorized under other. Only 11 complaints relate to foreclosure and issues with being able to pay. 92626 in Costa Mesa, where 32% of the mortgage complaints were about Bank of America and 26.4% were about Wells Fargo, had 93.6% of its complaints dealing with being unable to pay. 5 total complaints dealt with payment issues and 3 dealt with applications.

Beyond regional variance in complaint types lodged, the top five mortgage lenders by volume of complaints all had being unable to pay as their top complaint category, ranging between 55.8% for Citibank and 69.4% for Bank of America. Problems with payment accounted for the second largest area of complaints, with Ocwen having the largest percentage of complaints at 31.9% and Bank of America having the smallest at 18.8%. Foreclosure was the top area of complaints for a number of other lending institutions including 1st Alliance Lending, OneWest Bank, Ally Bank, Banco Popular de Puerto Rico, Bank of the West, BMO Harris, BOK Financial Corp, Caliber Home Loans, Inc, Capital One, Deutsche Bank and EverBank.

Nationally, complaints reached a high of 5,840 for January 2013, 1,107 more than the next highest month of April 2013. The total emerging for September is the second lowest since records were first kept in December 2011. On a state by state level, this pattern largely repeats with a major exception for Florida which saw a peak of 849 complaints in June 2012. Then, as now, Florida was one of the top five states in the nation in its foreclosure rate. The national January spike came as the Qualified Mortgage standard required by the The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 came into play. It required mortgage lenders to take steps to insure borrowers could repay their mortgages.

Bank of America’s complaint volume follows the national trend, with a spike in January 2013 with 1,925 total complaints. Unlike nationally, the next month by volume of complaints was February of this year with 1,598 complaints. Prior to that, the highest month was May 2012 with 1,418 complaints. The lowest volume of complaints is September this year with 334.

Wells Fargo matched national trends for volume of complaints by month, with the exception of the current month being the lowest on record for number of complaints with 197 compared to the next lowest month, December 2011, when they had 221. JPMorgan’s complaint volume by month spiked in January and March of this year with 504 complaints. April of this year was the next highest month with 493 complaints, edging out May of last year with 488 complaints. September this year is on track to be the lowest month by complaint volume.

The federal government shutdown is unlikely to impact the current mortgage situation in the United States directly for most consumers, though mortgage processing by the Federal Housing Administration could be slower, resulting in fewer mortgages processed.

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Financial Freedom At Home Based Business

Submitted by: Success Guy

Most business-minded people are in favor of home-based businesses and online businesses than investing any traditional business. Because we all know that there are lots of businesses today are decline and end up to bankruptcy. That is why the great alternative way to resolve the problem is getting started at home business.

Less investment and can really earn money more than you expected. As long as you know how to run it successfully then it really be a great source of income that can fulfill your financial needs.

Probably the single biggest reason people start a home based business is money. People that struggle to make ends meet at the end of the month by working a day job realize they can achieve their financial dreams by starting their own businesses. It s not easy to gain financial freedom working for a company, but by steadily building a business from home it is possible to make obscene amounts of money.

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Here are some few benefits in having financial freedom with just working at home.

To gain personal freedom. One of the most enticing reasons for starting a home-based business is the opportunity to take complete control of your life. As a home business owner, you don t have to answer to somebody else – you are your own boss. You can work where you want and when you want. You don t have to ask permission to take leave – you can take time off when you feel like you need a break. The obvious caution though is that without adequate time management skills and discipline it is very easy to not work on your business as often as you should be but the beauty is it s your choice.

To be with the family. Many entrepreneurs decide to start their home based to be able to spend more quality time at home with the family. Working from home means you don t have travel to work which means more time that you can spend with loved ones. Spouses can also help with various aspects of the business in either a full time role or part time and children have the opportunity to learn about business first hand which will help them later in life too.

To take advantage of tax benefits. Not many people know that there are many more benefits of working from home apart from having the luxury of working from home itself. Yes, believe it or not you can claim almost every single cent you spend on your home-based business. Some possible deductions include the business portion (area of your house you use it for doing home based business) of your home. Check with your local tax laws first but you may be able to claim on Mortgage Interest, Rent, Electricity, Telephone, Internet, Expenses for maintenance and repair, Property Taxes and Home Insurance. You may also be entitled to claim expenses from using a vehicle for your business, including gas, insurance, and depreciation. Consult a qualified accountant for a careful evaluation of what you can and cannot claim from using your home office.

To reduce stress. Working at home can reduce the stress of juggling the demands of your work life with those of your private life. You can work while staying at home to care for a sick child, or continue to work late at night after preparing and sharing dinner with the family. Since you work alone, there is no office politics and deadlines imposed by your boss. You only need to follow the deadlines and schedules you have set for yourself.

To increase productivity. Many home-based entrepreneurs find that working at home helps them to be more productive. With lesser time dedicated to commuting, there is more time available to work. More importantly, working for your own business – wherein the amount of financial compensation depends on your productivity and business management – increases the level of enthusiasm. Many get so caught up in what they’re doing that it’s actually hard for them to stop.

Those information are just major ideas in order to gain to financial freedom but there are some benefits that still unrevealed that is why its up to you to do the research in order to expand your knowledge about it and become one of those successful people in the field of home based business.

About the Author: Aim higher for your future and your family. Consider our site as your first list to gather more information about business opportunities just visit our site.

home-based-business-opportunities.com.au/

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UK Chancellor of the Exchequer makes 2005 Budget speech

Wednesday, March 16, 2005

The United Kingdom Chancellor of the Exchequer, the Right Honourable Gordon Brown PC MP, in a speech to the British House of Commons today presented his ninth Budget, what is very likely to be his last Budget before the next UK General Election. This opened the parliamentary debate on the 2005 Finance Bill, and was followed by responses from the opposition parties.

In a 48 minute long speech, the Chancellor presented a Budget of “tax cuts that are reasonable, spending that is affordable, and [economic] stability that is paramount”, that was “the prudent course for Britain”. There were few surprises that had not already been indicated in his 2004 pre-Budget report. The increase in the threshold on stamp duty was greater than that forecast by commentators, as was the amount of the Council Tax rebate to households with pensioners.

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Dan Rather resigns as anchor, to stay on as correspondent

Monday, November 22, 2004

Dan Rather has announced that he will retire on March 9th, 2005 as anchor of CBS Evening News. He will continue to be a correspondent for both of the 60 Minutes shows.

It is reported that Rather’s leaving has nothing to do with a report in 2004 regarding US President Bush’s National Guard service that was widely reported to be factually false. A CBS panel is looking into that report.

Others believe that Rather is stepping down due to this report and investigation. Howard Kurtz, a reporter for the Washington Post, states that “It’s pretty clear that Dan Rather faced a very unpalatable choice… His contract had at least two more years to run. [Should he] step down now before the outside investigative report, commissioned by CBS News expected in the next few weeks about his botching — and the network’s botching — of that story about President Bush’s National Guard service? Rather [decided] today that it would be better for him to step down on his own terms.”

Dan Rather, 74, has been the anchor for CBS Evening News for 24 years, succeeding Walter Cronkite. Rather is the third most watched anchor on United States television.

All links dated November 23, 2004.

This article has passed through community review. The users who have reviewed it believe it to be factually accurate, neutral and free of legal problems. Please comment on the discussion page if you find any issues with this article, and please clearly denote any updates you make at the bottom.

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Gastric bypass surgery performed by remote control

Sunday, August 21, 2005

A robotic system at Stanford Medical Center was used to perform a laparoscopic gastric bypass surgery successfully with a theoretically similar rate of complications to that seen in standard operations. However, as there were only 10 people in the experimental group (and another 10 in the control group), this is not a statistically significant sample.

If this surgical procedure is as successful in large-scale studies, it may lead the way for the use of robotic surgery in even more delicate procedures, such as heart surgery. Note that this is not a fully automated system, as a human doctor controls the operation via remote control. Laparoscopic gastric bypass surgery is a treatment for obesity.

There were concerns that doctors, in the future, might only be trained in the remote control procedure. Ronald G. Latimer, M.D., of Santa Barbara, CA, warned “The fact that surgeons may have to open the patient or might actually need to revert to standard laparoscopic techniques demands that this basic training be a requirement before a robot is purchased. Robots do malfunction, so a backup system is imperative. We should not be seduced to buy this instrument to train surgeons if they are not able to do the primary operations themselves.”

There are precedents for just such a problem occurring. A previous “new technology”, the electrocardiogram (ECG), has lead to a lack of basic education on the older technology, the stethoscope. As a result, many heart conditions now go undiagnosed, especially in children and others who rarely undergo an ECG procedure.

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Botulinum Toxin: How Can It Help Twenty Somethings?

Submitted by: Abigail Aaronson

Stop wrinkles before they even occur! That’s the latest theory in the eternal-youth seeking culture that we live in. The idea is to train your face. The frown lines are caused by the constant movement of facial muscles during the course of life.

Muscle movement during activities such as chewing, talking, laughing, frowning, and grimacing, all done over the course of many years, result in the age-announcing indentations commonly known as wrinkles.

A person’s genetic make-up is one of the important reasons for wrinkling, along with diet and sun exposure. Some determinants cannot be controlled, but some can be. Besides controlling these factors, young people, who are more aware of the need to protect their skin with sunscreens and protective hats, are even going a step further.

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They are taking proactive measures to ensure that their facial gesturing is reduced, which would minimize the resulting age lines. Also, they are going in for botox injections every few months, four to six times per course of treatment, depending on the need. This results in atrophy of the muscles, which brings down the facial movements. Less movement gives rise to a less-aged and less-lined skin.

The first thing that people notice in you is your face. Immediate judgments are made upon the viewing a person’s skin appearance. Not only is his/her age, but also a person’s mood dominance can be judged from the folds on your face. A good first impression can stem from a smooth complexion-smooth, lovely, yet not so revealing of one’s age and temperament.

Wrinkle-free skin provides a more level-playing field, and an equal starting point for you to be taken seriously and not to get dismissed due to appearance or another’s judgment. What is the thinking of the plastic surgeons in this regard? Some have applauded this increased proactive tendency among the youth.

It has been said that this “before the wrinkles happen” tact is helpful in handling the areas where surgery would be needed later, such as crow’s feet or subtle worry marks. But, the wrinkles would eventually appear. Mostly, there have been many satisfactory results, which are immediate.

So, some women intend to continue the injections every three to six months, for a long time. There is no doubt that having a smooth skin and a youthful look has increased the happiness of this generation.

Some may think that it is an overkill to worry about such things in your relatively youthful decades of twenties and thirties, and that you should concentrate on your internal workings more than the external appearance. But, both are complementary to each other. What is inside gets reflected outside. Likewise, the lack of good looks can affect your self confidence and can wear you down.

Low self confidence spills into all other areas of one’s life. Facing the world with the best appearance that you can have boosts your self confidence. Increased self worth is the best asset that you can have in your life.

A happy, confident person is a better contributor to life than a dull one. Early prevention of tale-telling lines may be one of the secrets to living a fuller life. So, bring on the Botox.

About the Author: If you want to make your face wrinkle-free at any plastic surgery center in Atlanta, botox is the best option available. Get the help of a surgeon with unparalleled qualifications and experience in cosmetic surgery. To learn more, visit

atlantaplastic.com

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North America’s oldest retailer sold to U.S. owners of Lord & Taylor

Thursday, July 17, 2008

North America’s oldest retailer, Canada’s Hudson’s Bay Company (HBC), will be transferred from one American owner to another. NRDC Equity Partners, LLC, owners of U.S. department store Lord & Taylor, will purchase HBC from the estate of Jerry Zucker, who died in April.

In 2006, the fate of HBC was first in doubt when Zucker bought it for $1.1 billion from another American owner. The businessman wanted to convert The Bay into a more upscale department-store chain.

Zucker had also begun remodeling the company’s Zellers chain to imitate the Target Corporation, creating wider aisles, expanding outlets, and selling at prices that matched those of the Wal-Mart Canada Corporation.

NRDC plans to introduce up to 15 Lord & Taylor stores in Canada by converting some of HBC’s existing properties, which include stores such as The Bay, Zellers and Home Outfitters. Under the deal announced on Wednesday, NRDC will support a newly-established holding corporation, the Hudson’s Bay Trading Company, with $500 million in funding.

The Hudson’s Bay Company was established in 1670 to support trade and development throughout the northern North American territory that is now Canada.

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