Football savvy secondary at lingerie football tryouts

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Dressed in skimpy boy shorts and see-through mesh tops, relating to 50 women tried out Friday for the area’s newest football team

The Mist is one of 10 proposed teams in the Lingerie Football League, an expansion of the popular 35-minute Lingerie Bowl games played on pay-per-view during Super Bowl halftime the past three years.

The league format will be an eight-game season, with the East and West champions meeting for the famed Bowl during the 2010 Super Bowl in Miami.

League play won’t startle until next September, in some degree because football skill isn’privately a requirement. The tryout at Green Lake Field was more about testing athletic ability and gauging comeliness.

But the women, whose backgrounds ranged from go-go dancing to personal training, were whipped through offensive and defensive drills, ending by seven-on-seven full-contact scrimmages.

Twelve women will be named to the initial squad tonight. The remaining members will be named later. They’ll be thrown into Football 101, given a bulky main division of terms to be informed the game, then gain training encampment in June.

“Yeah, it’s sexy, except that just draws the viewers,” said founder Mitchell Mortaza, 34, of West Hollywood. “You’ve got to keep them, and the fan base has to respect it. Because of that, you’re going to consider girls that are graceful, but athletic, and take it in earnest.”

Although Mortaza hasn’t secured an theatre, sponsorship or front-office staff, he said former Seahawks have contacted him about coaching. And season tickets are on sale via the three miles’s Web site, www.lingeriebowl.com.

“I’household minded to show more pelt in the name of football,” said Alicia McLaughlin, 23, of Tacoma. “I be perceived like it’s my true calling. And there’sitting going to be haters, people scoffing at it, but there’s a big enough demographic that it shouldn’t have any problems creating a fan base.”

The Pros and Cons of Factoring

When you sell your accounts receivable to a financial institution, financing costs can exceed 20%, but that’s upper hand than no financing at all

by Tom Taulli

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The breakdown in the credit markets clearly isn’t limited to the financial activity itself (BusinessWeek, 10/02/08), and some businesses (BusinessWeek.com, 9/26/08), particularly owners with bad credit, unproven ventures, or companies tied to troubled industries, are having difficulty. As a decision, there is heightened private interest in alternative sources of financing, which can range from peer-to-peer loans (BusinessWeek.com, 12/21/07) to businesses securing money from their own customers (BusinessWeek.com, 5/5/08).

Another option I’ve been acquirement a number of questions about is a type of internal sin financing known as factoring. Simply put, this is at the time a company sells its accounts receivable to a pecuniary institution or investor known as a factor. While factoring has been around in quest of hundreds of years, the traditional banking industry considers it a backwater for struggling companies—mainly because financing costs on factoring can easily exceed 20% of the value of the receivables. And let’s face it, banks usually focus on mature companies that have trustworthy asset bases.

To understand factoring, weigh this example: Suppose you have $100,000 in receivables. A agent inclination advance funds to you at a certain percentage of the total purport, frequently ranging from 75% to 80% (this is called the retention), based on a variety of factors, including:

• The quality of the receivables. If the customers include biggies like Wal-Mart (WMT), then the percentage will be higher.

• Historical average outstanding period of list. If the receivables are often paid late (answer by 15 to 30 days), then this could mean a lower reserve.

Cash in Less than 10 Days

The factor has procedures to ledger (account for the transactions) and administer the accounts receivable as commendably conduct credit assessments and feel collections (BusinessWeek.com, 7/11/08). Once the receivables are paid on the farther side, you will get the difference betwixt the face footing and the reserve. However, for this service, a factor will reach a fee of 2% to 5% of the first 30 days the invoice is outstanding. Typically, there will be a 1/8th% to 1/15% fief notwithstanding each additional day. Yes, the financing can get expensive fairly quickly.

But in that place are benefits. First of totally, you be possible to receive money in about five to 10 days. In some cases, it could be within common to two days. This can be critical when your company is in a crunch. Additionally, in that place is no requirement for your company to have a credit check. That’s for the cause that factors normally only be lacking to evaluate the ability of your customers to pay.

Still, you need to exist mindful of the fine print. For example, a middleman may want purchaser checks made payable to itself. Needless to utter, this can scare your customers. The good news is you have power to negotiate this away, according to factoring expert Marty Nason, a partner with B2B CFO, a firm that provides part-time main financial officer services. Nason also says you should avoid having to submit high minimum levels of receivables. The minimums can easily twitch at $75,000 to $100,000 per month. In other words, he recommends you don’t factor too plenteous.

Try an Online Marketplace

Where transact you provide factors? The factoring industry itself is fragmented and made up of many players, frequent people of which may want onerous terms. Thus, I would consider established entities, such since Liquid Capital.

Another approach is to application an online marketplace, such as The Receivables Exchange, where you can post your receivables on a private Web site and have financial institutions bid on them. As a result, you are well-adapted to get more competitive financing rates (in that place are also no minimum post amounts). The Receivables Exchange says it has access to about $8 billion, though your company must meet the following requirements: two years of operational history, $1.5 million in annual revenue, and no tax liens.

Yes, factoring is far from perfect. And admitting that your own customers are having problems paying you, the financing costs have power to have existence significative. However, in the tide frugality, it’s certainly getting tougher to secure capital from traditional lenders. Factoring should allow your company to get cash fairly quickly.

For more on other forms of alternative financing, check abroad the stories in the related items box on the upper-right side of this story.

The Auto Industry’s Second-Biggest Fear

What bothers carmakers most after the threat of recession? How to take hold to CAFE fuel rules without losing customers

by David Welch

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General Motors Vice Chairman Bob Lutz JEFF HAYNES/AFP/Getty Images

Ask auto executives what keeps them up at night, and right after the 50-50 chance that the U.S. economy direct slide into a recession is the new set of fuel-economy rules handed from the top to the bottom of by means of Uncle Sam in December. They all say that they will meet the new rules, but the question is how? What scares them is that to fulfil the new rules, they will have to make automobiles either more expensive or smaller and less powerful, two types of cars that have traditionally been about as popular at the same time that a Greenpeace delegation at a National Rifle Assn. convention.

The source of their discomfort is the new energy bill that Congress passed in December mandating that carmakers achieve a corporate fleet average firing material regulation (CAFE) rating of 35 miles per gallon by 2020, up from 22.2 for trucks and 27.5 with a view to passenger cars.

Passing Costs to Consumers

The federal government has long preferred regulations that force carmakers to make a good use of fuel regulation, in place of gasoline taxes that would give consumers spur to buy more efficacious vehicles. The conventional wisdom behind this stance is that consumers won’t vote for of the whole not private officials who gather taxes at the pump.

Of course, automakers put up with their portion of the blame for the spot in which they find themselves by not having diverted plenty resources to develop more fuel-efficient vehicles sooner. Still, they know that by passing the burden onto them, Washington is not only opposition in the marketplace, it is running the risk of causing an equable greater fissure between carmakers and their customers.

"There will be some cost to someone," says Jesse Toprak, executive director of industry analysis for Edmunds.com, which tracks car prices. "The cost to manufacturers could go up $2,000 a vehicle. But I don’t think they will be able to ravine it all on to consumers."

But they will have to pass in succession some of it. How much is a subject of some debate. Automakers, most of what one. opposed the tougher fuel-economy rules, reply the new law will be very expensive. General Motors’ (GM) Vice-Chairman Robert Lutz, GM’s product unfolding master, said in an interview at the 2008 North American International Auto Show in Detroit (BusinessWeek.com, 1/10/08) on Jan. 15 that the company could hit the new CAFE rules soon, but not without radically altering the commonwealth’s current choice of vehicles or adding $6,000 a car in cost. Some cars could get to be as much as $10,000 more costly, Lutz says.

Incremental Effects

"We think that with $6,000 to $8,000 per car, we be possible to meet 35 mpg lacking changing a vehicle spectrum like we have today," Lutz told journalists. "We will have to make choices."

Already, Lutz says, GM has had to consider again make the next-generation Chevrolet Impala a midsize car with rear-wheel drive and a V8 engine. Both are not so much efficient options. GM is besides studying whether it should figure a premium small car like the Mini Cooper or BMW 1 Series. "It’s worth looking at," says GM Chairman and CEO G. Richard Wagoner Jr..

Others say $6,000 is too high, since the standards cry out in opposition to a gradual climb to 35 mpg and technology will have cheaper by afterward. Still, AutoNation (AN) CEO Mike Jackson says using hybrid technology desire cost $5,000 to $10,000 a car, diesel is a $3,000 add-on, and improving existing gasoline engines costs about $500. "This is going to cost someone," Jackson says.

Onus on McCain to turn presidential race his way (AP)

WASHINGTON - One month before Election Day, Barack Obama sits atop battleground polls in a shrinking playing field, the economic crisis is breaking his way and he has made make progress near about winning the White House.

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The onus is without ceasing Republican John McCain to turn the tribe around under exceptionally challenging circumstances — and his options are limited.

McCain’s advisers say the Arizona senator will ramp up his attacks in the coming days with a tougher, in addition focused message describing “who Obama is,” including questioning his character, “liberal” record and “too risky” proposals in advertising and appearances.

Obama’s advisers, in gyration, say he will argue that McCain is impotent to articulate an economic vision that’s diverse from President Bush’s. In a new extremity, the Illinois senator is pursuit McCain’s health care plan “radical.”

Now that the vice presidential debate between Joe Biden and Sarah Palin is immersing, the contest returns to being entirely about Obama and McCain and probable will stay that way until Nov. 4. The rivals meet Tuesday in their second of three debates.

Interviews with party insiders athwart the country Friday showed this: Democrats are optimistic of victory if nervous extremely whether Obama can hold his advantage time Republicans are worried that the race may be impressive out of reach though hopeful that McCain will beat the odds as he did in the GOP primary.

Both sides note that plenty have power to change in one month — and they’re right.

“Very sure, yet not overly so,” said Ohio Democratic Party cardinal Chris Redfern, who said the financial turmoil is dreadful with respect to the country but “politically it’s advantageous” with respect to Obama.

South Carolina GOP Chairman Katon Dawson said that given McCain’s standing, “I’d be concerned at this hour of travail, but I would never count this guy out. He’session got the public secrete of an alligator.”

The Electoral College battle playing aloud over roughly a dozen states puts McCain’s challenge to compass the necessary 270 votes in stark terms.

McCain can’t prevail destitute of holding onto most of the states that Bush won, and he’s a little while ago virtually tied or trailing in public polls in at least 10 of them — Colorado, Florida, Indiana, Iowa, Missouri, New Mexico, Nevada, North Carolina, Ohio and Virginia — because he tries to fend off Obama’s well-funded advertising onslaught and grass-roots efforts.

The GOP nominee also is only playing in five states that Democrat John Kerry won in 2004 — Pennsylvania, Wisconsin, Minnesota, New Hampshire and, now, Maine — and he’s running behind. McCain corrupted efforts Thursday in one other, costly 17-vote Michigan, as Obama approaches a double-digit go before as guide in the high-unemployment state and it became clear McCain couldn’confidentially shake Bush’sitting drag.

Some Republicans close to McCain’sitting campaign fret in private that Obama may be pulling from home for good; others aren’t so pessimistic. But there’s unanimity in this: McCain has dwindling chances to regain momentum, and the upcoming debates are critical.

“He needs to be able to celebrate to his strengths and remind people of why they like him,” said Tom Rath, a New Hampshire delegate to the Republican National Convention. And Ted Welch, a veteran Republican fundraiser in Tennessee, said: “He has to give voters enough reasons to voice for him. He hasn’face to face hitherto.”

That doesn’t appear to be the campaign’s priority. GOP operatives say the goal is to undercut Obama, likely by criticizing his associations with convict Antoin “Tony” Rezko and William Ayers.

Indeed, Palin wasted no time Saturday in Colorado, saying: “Our opponent … is someone who sees America, it seems, as being so not entire, imperfect enough, that he’s palling round with terrorists who would mark their own country.” It was a reference to Ayers, a founder of a 1960s base group.

Obama’s campaign called Palin’s comments “desperate and unfounded attacks” intended to change the subject from the thriftiness.

It’session clear McCain’session campaign believes that making Obama supremely unacceptable in voters’ eyes may be the Republican’s best — if not only — shot at winning the presidency.

The risk: Voters could be turned off if McCain goes too far.

Over the past two weeks, McCain’s staff has been discouraged by the difficult environment, though no not so much determined to win.

Advisers fight McCain is rebounding after a strong dispute exhibition Thursday by Palin quieted GOP critics who questioned her qualifications after several TV interview missteps. Congress approved the bailout invent one day later, and advisers hope the outlet at this moment will fade.

But economic woes continue; the nation lost 159,000 jobs in September and disappointing 401(k) statements are headed in favor of voters’ mailboxes.

Obama, meanwhile, was lifted in polls by dint of. voters who think he’s better suited to escort the nation through the financial critical juncture. Surveys also showed that skeptical voters having trouble envisioning him like president started to come around. He’s a 47-year-old freshman senator from Chicago who would be the rough’s first black president.

The Democrat, to be sure, still has much work to do to fasten down his entice. His advantage easily could pass out of sight if he stumbles — or if an conflicting outside event occurs. And he hasn’privately made the sale to various voters.

“He of necessity to give a little bit further of a window into Barack Obama as a human core … reveal himself in a way that people who like Barack Obama assert, ‘I really want to embrace this guy,’” said Steve Grossman, a Massachusetts Democrat and framer national party chairman.

Added Joe Erwin, the former Democratic Party chief in South Carolina: “We’ve just got to swim our own race at this point, and not react to what the Republicans do as we know that what we’re doing is working.” McCain campaign:

Obama campaign:

Officials say Taliban mad over alleged US strike (AP)

DERA ISMAIL KHAN, Pakistan - The Taliban are unusually angry about the latest suspected U.S. projectile strike in Pakistan, a sign a top militant may have died in the attack, officials and residents said Sunday amid reports the death toll rose by two to 24.

Citi: Wells Fargo blocked from buying Wachovia (AP)

NEW YORK - The unsheathe the sword over control of Wachovia intensified Saturday, as a imagine temporarily agreed to block the sale of the bank by the agency of Wells Fargo, Citigroup announced in a news release.

In the end, O.J. Simpson comes up a loser in Vegas (AP)

LAS VEGAS - In a city where chance means everything, O.J. Simpson came out the big loser — and his mischievous number in a case filled of bizarre twists was 13. PAID POLITICAL

For bailout to work, housing market needs to mend (AP)

NEW YORK - Washington’s financial bailout plan is after this law. So the credit spigot will start flowing again, banks will resume lending, and an economic recovery can begin, lawful?

Rice says US not trying to undermine Russia (AP)

ASTANA, Kazakhstan - Secretary of State Condoleezza Rice on Sunday rejected any suggestion that U.S. efforts to build closer ties to this preceding Soviet representative government are meant to undermine Russian influence in Central Asia.