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	<title>LI Biz Blog (Old)</title>
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	<link>http://libizblog.wordpress.com</link>
	<description>Long Island Business News' quick-fire litany of all things LI biz.</description>
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		<title>LI Biz Blog (Old)</title>
		<link>http://libizblog.wordpress.com</link>
	</image>
			<item>
		<title>LI Biz Blog has moved &#8230; and it&#8217;s better</title>
		<link>http://libizblog.wordpress.com/2008/11/02/li-biz-blog-has-moved-and-its-better/</link>
		<comments>http://libizblog.wordpress.com/2008/11/02/li-biz-blog-has-moved-and-its-better/#comments</comments>
		<pubDate>Sun, 02 Nov 2008 21:18:30 +0000</pubDate>
		<dc:creator>Henry E. Powderly II</dc:creator>
				<category><![CDATA[LI Biz]]></category>

		<guid isPermaLink="false">http://libizblog.wordpress.com/?p=4904</guid>
		<description><![CDATA[The best business blog on Long Island, LI Biz Blog, has a new home as part of the brand new Web site for Long Island Business News. Click here to visit the new address, or click on the image to be redirected as well.
And make sure to bookmark the new address as well as update [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=libizblog.wordpress.com&blog=1183235&post=4904&subd=libizblog&ref=&feed=1" />]]></description>
			<content:encoded><![CDATA[<div class='snap_preview'><br /><p><a href="http://libn.com/libizblog/"><img class="size-full wp-image-4905 alignright" title="libizblognew" src="http://libizblog.files.wordpress.com/2008/11/libizblognew.png?w=399&#038;h=281" alt="" width="399" height="281" /></a>The best business blog on Long Island, LI Biz Blog, has a new home as part of the brand new Web site for Long Island Business News. <a href="http://libn.com/libizblog/">Click here</a> to visit the new address, or click on the image to be redirected as well.</p>
<p>And make sure to bookmark the new address as well as update the blog feed. Any questions can be sent to libizblog@gmail.com.</p>
<p>Look for even more great posts and conversation starters on our new home.</p>
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		<slash:comments>1</slash:comments>
	
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			<media:title type="html">Henry E. Powderly II</media:title>
		</media:content>

		<media:content url="http://libizblog.files.wordpress.com/2008/11/libizblognew.png" medium="image">
			<media:title type="html">libizblognew</media:title>
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	</item>
		<item>
		<title>Text a tip</title>
		<link>http://libizblog.wordpress.com/2008/10/31/text-a-tip/</link>
		<comments>http://libizblog.wordpress.com/2008/10/31/text-a-tip/#comments</comments>
		<pubDate>Fri, 31 Oct 2008 19:01:45 +0000</pubDate>
		<dc:creator>Michael H. Samuels</dc:creator>
				<category><![CDATA[Suffolk]]></category>
		<category><![CDATA[politicians]]></category>
		<category><![CDATA[technology]]></category>
		<category><![CDATA[Crime Stoppers]]></category>
		<category><![CDATA[Suffolk County]]></category>
		<category><![CDATA[text messaging]]></category>
		<category><![CDATA[Wayne Horsley]]></category>

		<guid isPermaLink="false">http://libizblog.wordpress.com/?p=4896</guid>
		<description><![CDATA[Suffolk County, welcome to the 21st century.
For the second time this year, the county Legislature has forayed into the wide world of text messaging, this time using the fine art of thumb-tapping for good.
With speedy thumbs come great responsibility. Or something like that.
Legis. Wayne Horsley, the first legislator to have his own blog, announced today [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=libizblog.wordpress.com&blog=1183235&post=4896&subd=libizblog&ref=&feed=1" />]]></description>
			<content:encoded><![CDATA[<div class='snap_preview'><br /><p><a href="http://libizblog.files.wordpress.com/2008/10/7-7-08-text-messaging.jpg"><img class="alignright size-full wp-image-4898" title="7-7-08-text-messaging" src="http://libizblog.files.wordpress.com/2008/10/7-7-08-text-messaging.jpg?w=351&#038;h=318" alt="" width="351" height="318" /></a>Suffolk County, welcome to the 21st century.</p>
<p>For the second time this year, the county Legislature has forayed into the wide world of text messaging, this time using the fine art of thumb-tapping for good.</p>
<p>With speedy thumbs come great responsibility. Or something like that.</p>
<p>Legis. Wayne Horsley, the first legislator to have his own <a href="http://legislatorhorsley.wordpress.com/vlog/" target="_blank">blog</a>, announced today that the county&#8217;s Crime Stoppers program will be beefed up by adding a &#8220;Text a Tip&#8221; element to it.</p>
<p>Suffolk&#8217;s program is piggy-backing on others already in place in New York City, Boston, Cincinnati, Ohio; Charleston, S.C.; Seattle, Fresno, Calif.; San Diego, Tampa, Fla. and Kansas City, Mo.</p>
<p>Statistics show that text a tip programs have resulted in as much as a 212 percent increase in successful crime prevention tips and led to hit-and-run arrests, illegal gun confiscations and even solved homicide investigations, Horsley said.</p>
<p>Horsley added he hopes the new program can prevent instances such as last week&#8217;s <a href="http://wcbstv.com/local/hempstead.high.school.2.845791.html" target="_blank">100-student brawl</a> at Hempstead High School from happening again.</p>
<p>&#8220;After reading reports of over 100 high schools students engaging in a dangerous brawl it seemed obvious that someone must have known about the impending mêlée, and maybe it could have been prevented,&#8221; Horsley said in a statement. &#8220;Look, texting is the preferred way of communication among teenagers and young adults so it makes sense that we embrace the role of texting in our policing efforts. Texting a tip to law enforcement is a rapid and silent method of communication that may make tipsters more comfortable when reporting crimes or potential crimes.&#8221;</p>
<p><a href="http://libizblog.wordpress.com/2008/09/16/when-not-to-text/" target="_blank">Just don&#8217;t do it while driving.</a></p>
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		<slash:comments>1</slash:comments>
	
		<media:content url="http://0.gravatar.com/avatar/ce9d68c2f0c5edf3228bc0d9d46c8ae0?s=96&#38;d=http%3A%2F%2F0.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=G" medium="image">
			<media:title type="html">michaelhsamuels</media:title>
		</media:content>

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			<media:title type="html">7-7-08-text-messaging</media:title>
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		<item>
		<title>I got the horse right here</title>
		<link>http://libizblog.wordpress.com/2008/10/31/i-got-the-horse-right-here/</link>
		<comments>http://libizblog.wordpress.com/2008/10/31/i-got-the-horse-right-here/#comments</comments>
		<pubDate>Fri, 31 Oct 2008 17:36:11 +0000</pubDate>
		<dc:creator>Ambrose Clancy</dc:creator>
				<category><![CDATA[LI Biz]]></category>
		<category><![CDATA[Add new tag]]></category>
		<category><![CDATA[education]]></category>
		<category><![CDATA[sports]]></category>

		<guid isPermaLink="false">http://libizblog.wordpress.com/?p=4888</guid>
		<description><![CDATA[Need action but tired of paying off that counterman at the deli who has a small horse book on the side? Want to take a step up after you discover you&#8217;ve become just another clown on the rail yelling your head off for the nag to finish in the money?
Forget Gamblers Anonymous, Hofstra University wants [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=libizblog.wordpress.com&blog=1183235&post=4888&subd=libizblog&ref=&feed=1" />]]></description>
			<content:encoded><![CDATA[<div class='snap_preview'><br /><p><a href="http://libizblog.files.wordpress.com/2008/10/807559951_388bc04ee0.jpg"><img class="alignright size-medium wp-image-4890" title="807559951_388bc04ee0" src="http://libizblog.files.wordpress.com/2008/10/807559951_388bc04ee0.jpg?w=300&#038;h=198" alt="" width="300" height="198" /></a>Need action but tired of paying off that counterman at the deli who has a small horse book on the side? Want to take a step up after you discover you&#8217;ve become just another clown on the rail yelling your head off for the nag to finish in the money?</p>
<p>Forget <a href="http://www.gamblersanonymous.org/" target="_blank">Gamblers Anonymous</a>, <a href="http://www.hofstra.edu/home/index.html" target="_blank">Hofstra University</a> wants to prevent you from throwing away money a on glue factory candidate and help you actually own a racehorse instead.</p>
<p>The school is offering a  two day course called &#8220;Racehorse Ownership for the Small Investor&#8221; November 15 and 16.   A press release claims that now is the time to get your money together  and take a shot &#8212; when is it not &#8212; because you can buy stake in a thoroughbred for as little as $1,000.</p>
<blockquote><p>More from the release:</p>
<p style="margin:0;">This weekend immersion course is taught by  attorney Chris Wittstruck, who examines in detail the benefits and risks of  racehorse ownership as an alternative investment vehicle. New  York is now able to install video lottery  terminals (slots) at racetracks, ensuring a much enhanced purse structure for  owners, so the timing couldn&#8217;t be better. Racing syndicates (partnerships) for  the small investor are being formed at a rapid pace. Topics will include forms  of ownership, licensing, acquisition of horses, hiring of professionals,  insurance, tax issues, training expenses and related areas. A stake in a  racehorse costs much less than generally thought, sometimes as little as  $1,000.</p>
<p class="MsoNormal">
<p class="MsoNormal">Chris Wittstruck is a Long Island-based attorney, a  licensed thoroughbred owner in New  York State and a standardbred owner  licensed by the harness racing commissions in New York, New  Jersey, Pennsylvania and  Maryland. He is a  member of the United States Trotting Association, the Standardbred Owners  Association of New York and the United States Harness Writers Association.</p>
<p class="MsoNormal" style="margin-right:-27pt;"><span class="hoftrublue"><span style="font-family:Times New Roman;font-size:small;"><span style="font-size:12pt;"> </span></span></span></p>
</blockquote>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">Ambrose Clancy</media:title>
		</media:content>

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			<media:title type="html">807559951_388bc04ee0</media:title>
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		<item>
		<title>Workers to rally for Foley</title>
		<link>http://libizblog.wordpress.com/2008/10/31/workers-to-rally-for-foley/</link>
		<comments>http://libizblog.wordpress.com/2008/10/31/workers-to-rally-for-foley/#comments</comments>
		<pubDate>Fri, 31 Oct 2008 14:17:01 +0000</pubDate>
		<dc:creator>Michael H. Samuels</dc:creator>
				<category><![CDATA[Long Island government]]></category>
		<category><![CDATA[Suffolk]]></category>
		<category><![CDATA[politicians]]></category>
		<category><![CDATA[John J Foley nursing home]]></category>
		<category><![CDATA[Steve Levy]]></category>
		<category><![CDATA[Suffolk Association of Municipal Employees]]></category>

		<guid isPermaLink="false">http://libizblog.wordpress.com/?p=4880</guid>
		<description><![CDATA[The Suffolk Association of Municipal Employees will hold a rally next week to praise Suffolk County Legislature Presiding Officer Bill Lindsay and Suffolk Comptroller Joe Sawicki for trying to save the John J. Foley Skilled Nursing Facility from closing.
County Executive Steve Levy wants to close or sell the Yaphank nursing home to save $15 million [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=libizblog.wordpress.com&blog=1183235&post=4880&subd=libizblog&ref=&feed=1" />]]></description>
			<content:encoded><![CDATA[<div class='snap_preview'><br /><p><a href="http://libizblog.files.wordpress.com/2008/10/foley.jpg"><img class="alignright size-full wp-image-4881" title="foley" src="http://libizblog.files.wordpress.com/2008/10/foley.jpg?w=348&#038;h=227" alt="" width="348" height="227" /></a><a href="http://www.scame.org/news_article.asp?NewsID=235" target="_blank">The Suffolk Association of Municipal Employees</a> will hold a rally next week to praise Suffolk County Legislature Presiding Officer Bill Lindsay and Suffolk Comptroller Joe Sawicki for trying to save the John J. Foley Skilled Nursing Facility from closing.</p>
<p>County Executive Steve Levy wants to <a href="http://www.libn.com/article.htm?articleID=43299" target="_blank">close or sell the Yaphank nursing home</a> to save $15 million annually. He said recently that all of the patients will be taken care of or placed in another facility if the property is closed or sold.</p>
<p>The workers have been protesting Levy&#8217;s plans, and Lindsay has proposed finding new management for the nursing home to make it more financially manageable. Sawicki has also been asked to conduct an audit of the nursing home to make sure it is being soundly run.</p>
<p>The rally will be held at 10 a.m. Wednesday at the William H. Rogers Legislature Building, 725 Veterans Memorial Highway, Hauppauge.</p>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">michaelhsamuels</media:title>
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			<media:title type="html">foley</media:title>
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		<item>
		<title>Making waves with wages</title>
		<link>http://libizblog.wordpress.com/2008/10/30/making-waves-with-wages/</link>
		<comments>http://libizblog.wordpress.com/2008/10/30/making-waves-with-wages/#comments</comments>
		<pubDate>Thu, 30 Oct 2008 19:27:34 +0000</pubDate>
		<dc:creator>Michael H. Samuels</dc:creator>
				<category><![CDATA[Long Island government]]></category>
		<category><![CDATA[Nassau]]></category>
		<category><![CDATA[health care]]></category>
		<category><![CDATA[politicians]]></category>
		<category><![CDATA[home health care]]></category>
		<category><![CDATA[Howard Weitzman]]></category>
		<category><![CDATA[living wage law]]></category>

		<guid isPermaLink="false">http://libizblog.wordpress.com/?p=4873</guid>
		<description><![CDATA[Recent audits by Nassau County Comptroller Howard Weitzman&#8217;s office have found that seven companies who have home health care workers on Long Island violated the county&#8217;s Living Wage law.
The audits found a variety of violations by the companies, the most egregious being Louisiana-based Tender Loving Care Health Care owing employees more than $64,000 for underpayment [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=libizblog.wordpress.com&blog=1183235&post=4873&subd=libizblog&ref=&feed=1" />]]></description>
			<content:encoded><![CDATA[<div class='snap_preview'><br /><p><a href="http://libizblog.files.wordpress.com/2008/10/wages.jpg"><img class="alignright size-full wp-image-4874" title="wages" src="http://libizblog.files.wordpress.com/2008/10/wages.jpg?w=349&#038;h=257" alt="" width="349" height="257" /></a>Recent audits by <a href="http://www.nassaucountyny.gov/agencies/Comptroller/index.html" target="_blank">Nassau County Comptroller</a> Howard Weitzman&#8217;s office have found that seven companies who have home health care workers on Long Island violated the county&#8217;s <a href="http://www.nassaucountyny.gov/agencies/Comptroller/LivingWage/documents/LivingWagePoster_7_15_08.pdf" target="_blank">Living Wage law</a>.</p>
<p>The audits found a variety of violations by the companies, the most egregious being Louisiana-based Tender Loving Care Health Care owing employees more than $64,000 for underpayment of wages and days off.</p>
<p>The county passed the law in 2006 to ensure that employees of Nassau County contractors earn a living wage. The law sets hourly wages, starting at $9.50 in 2007. The wage is currently set at $12.05 an hour and the law provides for paid time off and health or child care benefits.</p>
<p>The audit also found violations at Westbury-based Long island Care at Home, Hicksville-based Aides at Home, Jamaica-based Allen Health Care Services, Brooklyn-based New York Health Care, White Plains-based Premier Home Health Care and Great Neck-based First Choice Home Care.</p>
<p>All seven agencies responded to the audits stating that they would make payments to their employees or adjust their policies so they are in full compliance with the law.</p>
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			<media:title type="html">michaelhsamuels</media:title>
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		<title>Levy takes on the Legislature</title>
		<link>http://libizblog.wordpress.com/2008/10/30/levy-takes-on-the-legislature/</link>
		<comments>http://libizblog.wordpress.com/2008/10/30/levy-takes-on-the-legislature/#comments</comments>
		<pubDate>Thu, 30 Oct 2008 18:24:47 +0000</pubDate>
		<dc:creator>Michael H. Samuels</dc:creator>
				<category><![CDATA[Long Island government]]></category>
		<category><![CDATA[Suffolk]]></category>
		<category><![CDATA[Steve Levy]]></category>
		<category><![CDATA[Suffolk County Leb]]></category>

		<guid isPermaLink="false">http://libizblog.wordpress.com/?p=4870</guid>
		<description><![CDATA[Suffolk County Executive Steve Levy pulled out his veto stamp this morning in an attempt to put an end to overspending by the Suffolk County Legislature.
Levy vetoed a $5,000 appropriation, approved by the Legislature, to the Smithtown Alumni Association, because it is not part of a core function to county government.
The appropriation, brought to the Legislature [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=libizblog.wordpress.com&blog=1183235&post=4870&subd=libizblog&ref=&feed=1" />]]></description>
			<content:encoded><![CDATA[<div class='snap_preview'><br /><p><a href="http://libizblog.files.wordpress.com/2008/10/vetostamp.jpg"><img class="alignright size-full wp-image-4871" title="vetostamp" src="http://libizblog.files.wordpress.com/2008/10/vetostamp.jpg?w=250&#038;h=194" alt="" width="250" height="194" /></a>Suffolk County Executive Steve Levy pulled out his veto stamp this morning in an attempt to put an end to overspending by the Suffolk County Legislature.</p>
<p>Levy vetoed a $5,000 appropriation, approved by the Legislature, to the Smithtown <a href="http://alumni.smithtown.k12.ny.us/" target="_blank">Alumni Association</a>, because it is not part of a core function to county government.</p>
<p>The appropriation, brought to the Legislature by <a href="http://www.co.suffolk.ny.us/legis/do/2007/do12.htm" target="_blank">Legis. John Kennedy</a>, R-Hauppauge, is one of many that legislators bring for approval, no questions asked. They are typically bundled in an omnibus bill that includes several appropriations for several groups from many legislators. In 2008, the bill amounted to $630,000. It is projected for the same amount for next year.</p>
<p>But the Smithtown money was a separate bill, and when Levy saw the appropriation, he asked what it was for and found no follow-up details.</p>
<p>&#8220;The question the county executive is asking is where does it all stop,&#8221; said Dan Aug, Levy&#8217;s spokesman. &#8220;Five-thousand dollars here, $3,000 there, another $5,000 here, it all adds up in a time when taxpayers should come first.&#8221;</p>
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			<media:title type="html">michaelhsamuels</media:title>
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		<title>Help rewrite the map</title>
		<link>http://libizblog.wordpress.com/2008/10/30/help-rewrite-the-map/</link>
		<comments>http://libizblog.wordpress.com/2008/10/30/help-rewrite-the-map/#comments</comments>
		<pubDate>Thu, 30 Oct 2008 13:50:51 +0000</pubDate>
		<dc:creator>Michael H. Samuels</dc:creator>
				<category><![CDATA[Long Island government]]></category>
		<category><![CDATA[Suffolk]]></category>
		<category><![CDATA[state government]]></category>
		<category><![CDATA[flood maps]]></category>
		<category><![CDATA[Suffolk County]]></category>

		<guid isPermaLink="false">http://libizblog.wordpress.com/?p=4865</guid>
		<description><![CDATA[Get out your colored pencils and brush up on your longitude and latitude, it&#8217;s time to re-draw some Suffolk County maps.
The county Department of Fire, Rescue and Emergency Services, state Department of Environmental Conservation and Federal Emergency Management Agency are hosting three meetings next month seeking input about updating flood maps.
FEMA is updating Suffolk&#8217;s flood [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=libizblog.wordpress.com&blog=1183235&post=4865&subd=libizblog&ref=&feed=1" />]]></description>
			<content:encoded><![CDATA[<div class='snap_preview'><br /><p><a href="http://libizblog.files.wordpress.com/2008/10/floodmap.jpg"><img class="alignright size-full wp-image-4866" title="floodmap" src="http://libizblog.files.wordpress.com/2008/10/floodmap.jpg?w=348&#038;h=221" alt="" width="348" height="221" /></a>Get out your colored pencils and brush up on your longitude and latitude, it&#8217;s time to re-draw some Suffolk County maps.</p>
<p>The county Department of Fire, Rescue and Emergency Services, state Department of Environmental Conservation and Federal Emergency Management Agency are hosting three meetings next month seeking input about updating flood maps.</p>
<p>FEMA is updating Suffolk&#8217;s flood maps for the first time in 29 years and is hoping to gain feedback from property owners before making the changes official.</p>
<p>Flood zone designations are likely to effect insurance requirements on certain properties throughout the county.</p>
<p>To be prepared for the meetings, FEMA and the state have developed a <a href="http://www.suffolknyfloodmaps.com" target="_blank">Web site</a>for property owners to identify prospective changes in flood hazard designation at individual properties. Residents also should review the official <a href="http://rmc.mapmodteam.com/RMC2/Counties_Suffolk.htm" target="_blank">Suffolk County Flood Insurance Rate Map and Flood Insurance Study</a> before attending any meetings.</p>
<p>The meetings will be held:</p>
<ul>
<li>Nov. 12 4 to 8 p.m. at Babylon Town Hall Annex</li>
<li>Nov. 12 4 to 8 p.m. at Levitas Center Concert Hall, Southampton</li>
<li>Nov. 14 4 to 8 p.m. at Brookhaven Town Hall Auditorium</li>
</ul>
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		<title>One lucky local scores VC funding</title>
		<link>http://libizblog.wordpress.com/2008/10/29/one-lucky-local-scores-vc-funding/</link>
		<comments>http://libizblog.wordpress.com/2008/10/29/one-lucky-local-scores-vc-funding/#comments</comments>
		<pubDate>Wed, 29 Oct 2008 19:45:36 +0000</pubDate>
		<dc:creator>Laura Glasser</dc:creator>
				<category><![CDATA[finance]]></category>
		<category><![CDATA[MoneyTree Survey]]></category>
		<category><![CDATA[PricewaterhouseCoopers]]></category>
		<category><![CDATA[venture capital]]></category>

		<guid isPermaLink="false">http://libizblog.wordpress.com/?p=4857</guid>
		<description><![CDATA[Venture capital investments dropped on Long Island in the third quarter, along with the rest of the nation, but investment activity on the Island is still ahead of last year&#8217;s pace.
Only one local company, Westhampton-based Demdex Inc., which operates an online demographic data exchange, received venture dollars in the quarter, according to the MoneyTree Survey [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=libizblog.wordpress.com&blog=1183235&post=4857&subd=libizblog&ref=&feed=1" />]]></description>
			<content:encoded><![CDATA[<div class='snap_preview'><br /><p><a href="http://en.wikipedia.org/wiki/Venture_capital" target="_blank"><a href="http://libizblog.files.wordpress.com/2008/10/133498854_2f3bd5ee90.jpg"><img class="alignright size-medium wp-image-4859" title="133498854_2f3bd5ee90" src="http://libizblog.files.wordpress.com/2008/10/133498854_2f3bd5ee90.jpg?w=300&#038;h=225" alt="" width="300" height="225" /></a>Venture capital</a> investments dropped on Long Island in the third quarter, along with the rest of the nation, but investment activity on the Island is still ahead of last year&#8217;s pace.</p>
<p>Only one local company, Westhampton-based <a href="http://www.demdex.com/" target="_blank">Demdex Inc.</a>, which operates an online demographic data exchange, received venture dollars in the quarter, according to the <a href="http://mail.google.com/mail/?ui=2&amp;ik=dbca3a5499&amp;view=att&amp;th=11d441856c6fc4ca&amp;attid=0.2&amp;disp=vah&amp;zw" target="_blank">MoneyTree Survey</a> by <a href="http://www.pwc.com/" target="_blank">PricewaterhouseCoopers</a>. That&#8217;s down from three companies that got investments in the second quarter and two in the third quarter 2007.</p>
<p>Demdex received $1.5 million, bringing <a href="http://www.libn.com/breakingNews.htm?articleID=12369" target="_blank">total VC investment dollars to $8.75 million</a> on the Island so far this year. That&#8217;s almost double the $4.76 million the Island netted in 2007.</p>
<p>Venture capital investments dropped 7 percent on a year-over-year basis to $7.1 billion nationally, according to the report.</p>
<p>In the entire New York metropolitan area, however, investments surged 21 percent year over year to $546 million.</p>
<p>The <a href="http://en.wikipedia.org/wiki/Biotechnology" target="_blank">biotech</a> industry got the most investment dollars in the nation in the third quarter, with $1.35 billion invested, but software remained on top in the number of investment deals, with 214 companies receiving funding.</p>
<p>From the release:</p>
<blockquote><p>&#8220;While  overall venture investing hasn&#8217;t yet been impacted by the turmoil in  the financial markets, as evidenced by the $7 billion plus invested  in Q3, we do expect to see a dip in investing over the next several  quarters,&#8221; said Bob Sturm, head of PricewaterhouseCopper&#8217;s venture capital practice on Long Island.  &#8220;We also do not expect venture funding  to dry up. Venture capitalists have slugged through difficult economic  times before and this one should be no different.  They are long-term  investors and won&#8217;t jump ship just because the times are tough.   They may tighten their belts and those of their portfolio companies  but they still have money in their coffers and will continue to make  investments.&#8221;</p>
<p>&#8220;The  financial crisis in October was not reflected in the third quarter venture  capital investment levels,” said Mark Heesen, president of the National  Venture Capital Association.  “We will be watching the mix of  first time vs. follow-on rounds closely in the coming months for any  notable decline.  If venture backed companies can&#8217;t exit due to  continued poor market conditions, venture firms will have to commit  additional time and unplanned follow-on rounds of financing to those  existing portfolio companies, which will channel resources away from  new deals.  During the next year, venture capital investment levels  will be driven significantly by the clean tech sector, which will continue  to grow despite economic woes and could become the top investment sector  for the venture capital industry by 2012.&#8221;</p></blockquote>
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			<media:title type="html">lglasser</media:title>
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		<title>The suburbs are Obama country</title>
		<link>http://libizblog.wordpress.com/2008/10/29/the-suburbs-are-obama-country/</link>
		<comments>http://libizblog.wordpress.com/2008/10/29/the-suburbs-are-obama-country/#comments</comments>
		<pubDate>Wed, 29 Oct 2008 18:25:06 +0000</pubDate>
		<dc:creator>Michael H. Samuels</dc:creator>
				<category><![CDATA[Federal government]]></category>
		<category><![CDATA[Hofstra]]></category>
		<category><![CDATA[LI Biz]]></category>
		<category><![CDATA[politicians]]></category>
		<category><![CDATA[Barack Obama]]></category>
		<category><![CDATA[John McCain]]></category>
		<category><![CDATA[National Center for Suburban Studies at Hofstra Univers]]></category>

		<guid isPermaLink="false">http://libizblog.wordpress.com/?p=4853</guid>
		<description><![CDATA[The latest poll by Hofstra University&#8217;s National Center for Suburban Studies has revealed that Democratic presidential nominee Barack Obama has taken the lead among suburban residents.
Obama and vice presidential nominee Joe Biden now lead the Republican ticket of John McCain and Sarah Palin 47 percent to 39 percent in the suburbs.
Last month, the numbers were reversed with [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=libizblog.wordpress.com&blog=1183235&post=4853&subd=libizblog&ref=&feed=1" />]]></description>
			<content:encoded><![CDATA[<div class='snap_preview'><br /><p><a href="http://libizblog.files.wordpress.com/2008/10/obamasign.jpg"><img class="alignright size-full wp-image-4855" title="obamasign" src="http://libizblog.files.wordpress.com/2008/10/obamasign.jpg?w=350&#038;h=280" alt="" width="350" height="280" /></a>The latest poll by Hofstra University&#8217;s National Center for Suburban Studies has revealed that Democratic presidential nominee Barack Obama has taken the lead among suburban residents.</p>
<p>Obama and vice presidential nominee Joe Biden now lead the Republican ticket of John McCain and Sarah Palin 47 percent to 39 percent in the suburbs.</p>
<p><a href="http://www.libn.com/breakingNews.htm?articleID=12698" target="_blank">Last month</a>, the numbers were reversed with McCain/Palin leading Obama/Biden 48 percent to 42 percent.</p>
<p>The poll is based on phone interviews with 1,503 adults 18 and over living in the continental United States conducted from Oct. 22 to Oct. 26. Of those, 1,000 were conducted with adults in the suburbs.</p>
<p>In addition to the overall numbers, the poll found that Obama opened a wider lead among those with a negative view of their personal finances. Last month, Obama led 50 percent to 40 percent. This month, the margin is more than 30 points, 58 percent to 22 percent, in Obama&#8217;s favor.</p>
<p>Obama also leads by 10 points in the overall national poll, 48 percent to 38 percent, and Obama reversed another McCain lead from last month, now leading among suburban independents 45 percent to 37 percent. Last month, McCain held a 46 percent to 38 percent lead among the same group.</p>
<p>While early voting is not available in New York, the poll found that one in nine suburbanites already voted and about one in four plan to vote before Nov. 4.</p>
<p>&#8220;Against the backdrop of growing economic pain in suburbia, Barack Obama has surged past John McCain among suburban &#8217;swing&#8217; voters who usually decide national elections,&#8221; said Lawrence Levy, executive director of the National Center, in a statement. &#8220;McCain needs the suburbs if he is to mount a comeback in the final week of the campaign.&#8221;</p>
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			<media:title type="html">michaelhsamuels</media:title>
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		<title>Suffolk shaken, not stirred</title>
		<link>http://libizblog.wordpress.com/2008/10/29/suffolk-shaken-not-stirred/</link>
		<comments>http://libizblog.wordpress.com/2008/10/29/suffolk-shaken-not-stirred/#comments</comments>
		<pubDate>Wed, 29 Oct 2008 14:07:04 +0000</pubDate>
		<dc:creator>Michael H. Samuels</dc:creator>
				<category><![CDATA[Long Island government]]></category>
		<category><![CDATA[Suffolk]]></category>
		<category><![CDATA[bond ratings]]></category>
		<category><![CDATA[Prager]]></category>
		<category><![CDATA[Sealy and Co.]]></category>
		<category><![CDATA[Suffolk County]]></category>

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		<description><![CDATA[Suffolk County successfully did what few New York municipalities were able to do as of late.
The county yesterday was able to complete the sale of $85 million in short-term notes and $88 million in long-term bonds.
The county received a satisfactory interest rate of 4.95 percent from Prager Sealy &#38; Co. Counties must borrow money twice [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=libizblog.wordpress.com&blog=1183235&post=4848&subd=libizblog&ref=&feed=1" />]]></description>
			<content:encoded><![CDATA[<div class='snap_preview'><br /><p><a href="http://libizblog.files.wordpress.com/2008/10/bond.jpg"><img class="alignright size-full wp-image-4849" title="bond" src="http://libizblog.files.wordpress.com/2008/10/bond.jpg?w=350&#038;h=195" alt="" width="350" height="195" /></a>Suffolk County successfully did what few New York municipalities were able to do as of late.</p>
<p>The county yesterday was able to complete the sale of $85 million in short-term notes and $88 million in long-term bonds.</p>
<p>The county received a satisfactory interest rate of 4.95 percent from <a href="http://www.prager.com/" target="_blank">Prager Sealy &amp; Co.</a> Counties must borrow money twice a year to pay for their programs and services. The money is paid back when revenues come in from property and mortgage taxes, Comptroller Joe Sawicki said.</p>
<p>&#8220;Our notes once again received the highest ratings from <a href="http://www.moodys.com/" target="_blank">Moody&#8217;s</a>, <a href="http://www.standardandpoors.com/" target="_blank">S&amp;P</a> and <a href="http://www.fitchratings.com/" target="_blank">Fitch</a> and our bond ratings were confirmed at Aa3, AA and AA-, so we knew that if investors were looking to buy municipal bonds, they would bid on our debt,&#8221; Sawicki said.</p>
<p>The county&#8217;s bond sale was the largest by a local jurisdiction in the state since the financial crisis began last month.</p>
<p>&#8220;When critics wonder why we concern ourselves with controlling spending and tightly protecting reserves, the answer is that this is why we do what we do,&#8221; County Executive Steve Levy said. &#8220;Given the economic uncertainty of the past six weeks, anything could have happened in the bond sale but I am pleased that we earned the confidence of the investment community in these times.&#8221;</p>
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