Hundreds Attend Job Fair In Pittsfield

Despite the snowy weather, hundreds of people attended a job fair in Pittsfield Thursday and Friday.

It was for Global Contact Services, a company that's looking at opening up an office in the central Maine town. The company, town and state hosted the fair. More than 350 people submitted applications.

The company says it would hire as many as 200 people to work in its call center. "The company is looking for experienced contact center representatives, licensed insurance agents and people with call center management and supervision," said Kathryn Ruth, Piitsfield's Town Manager. "We're very, very pleased with the quality of the applications that we're receiving."

Ruth says the town should find out within the next two months whether GCS will be opening a center in Pittsfield.

Bush, Fed Chairman Both Back Lift for Economy

A consensus that the struggling U.S. economy needs rescue emerged on Thursday as the powerful Federal Reserve chairman backed the idea and President George W. Bush urged a quick and temporary fiscal package.
Amid worries that the United States may already be in a recession, Bush held a conference call with Democratic and Republican lawmakers in which he discussed the principles of what he would like to see in a stimulus plan.

Tax rebates, credits for business investment and extensions of unemployment insurance are among ideas being discussed.

"The most important thing is that they should be temporary, they need to be effective, they need to be things that we can get done quickly," said White House spokesman Tony Fratto.

Bush will make remarks about his ideas for boosting the economy on Friday, said Fratto, who added that the president would discuss what types of approaches he favors but not give any dollar figures or other specifics.

Fed Chairman Ben Bernanke told a congressional committee he supported the idea of a short-term fiscal stimulus measure.

A proposal in the range of $100-150 billion would help, Bernanke said, stressing that it was "critically important" any legislation be designed to kick in quickly.

The sentiment toward rapid action was echoed by legislators.

House of Representatives Speaker Nancy Pelosi, a California Democrat, said she hoped a package could be hammered out and agreed upon by mid-February. "We have every reason to think, to be hopeful ... that we can get this job done," Pelosi said.

Before the call between Bush and the lawmakers, the White House made clear Bush had shifted from weighing the possibility of an economic package to deciding such action was warranted.

House Republican leader John Boehner of Ohio said the White House and Congress were talking about a package in the $100-150 billion range.

RARE COOPERATION

Just a few weeks ago, the prospect of an agreement between Bush and the Democratic-led Congress seemed slim. The two sides engaged in fierce battles last year over issues from health care and the budget to the Iraq war.

Bush, who just returned from a nine-day Middle East tour, had indicated before the trip that he was looking at economic options but also signaled he might include in any proposal the idea of making permanent his 2001 and 2003 tax cuts.

Such a proposal would be a non-starter with Democrats.

In a sign that reaching an agreement on specifics may still be hard to achieve, one congressional aide described the president as having taken a "hard line" in the call.

But other Democrats described the conversation in more favorable terms.

"I was encouraged by the conversation with President Bush today that there is broad agreement to act quickly and in a bipartisan manner on an economic stimulus package," said House Democratic Leader Steny Hoyer.

Pelosi said Bush's acknowledgment that a package was needed was "significant progress." She reiterated her view that the plan should focus on financial help for the middle class.

As the discussion in Washington has evolved since the beginning of the year, the economic news has grown bleak, with gloomy reports this week on retail sales and housing.

There have been loud calls for a measure to boost the economy from the campaign trail, where candidates are vying to succeed Bush in the Nov. 4 election.

All three major Democratic candidates -- Sen. Hillary Clinton, Sen. Barack Obama and former Sen. John Edwards -- have offered plans containing spending and tax-cut ideas.

Republican Sen. John McCain on Thursday laid out a proposal for cuts in corporate tax rates and incentives for companies to invest in new equipment and research. One of his main Republican rivals, former Massachusetts Gov. Mitt Romney, is also getting ready to unveil a plan.

Deal Watch: Gwinnett firm scores another sports deal

The emergence of Gwinnett County as a home for professional sports teams—the latest being the Atlanta Braves' top minor-league affiliate—has been a boon for the Lawrenceville law firm Mahaffey Pickens Tucker.

Co-founding partner R. Lee Tucker Jr. and associate Christopher T. Wilson were lead counsel to the Gwinnett Convention and Visitors Bureau on its negotiations with the Braves on moving the team's AAA International League franchise to Gwinnett from Richmond, Va.

Tucker and Wilson said they've been in talks with the Braves on behalf of their client since October and there is much more legal work left to be completed, such as finalizing a long-term agreement between the Braves and Gwinnett and hammering out the details of a lease agreement on a new stadium. The Gwinnett Braves are slated to play their first game in Georgia in 2009.

It's the latest sports deal that Mahaffey Pickens Tucker has handled for the Gwinnett Convention and Visitors Bureau. The 10-attorney firm, which Tucker founded with two partners in May 2006, also worked on two relocations of the Georgia Force franchise of the Arena Football League—the first from Nashville, Tenn., to Gwinnett and the second from Philips Arena to the Arena at Gwinnett Center— and the deal that brought the Gwinnett Gladiators minor-league hockey team to Gwinnett from Mobile, Ala.

“It's exciting that we've been in a position to work on these kinds of deals,” Tucker said. “We think it's somewhat unique that a firm of our size has done this many sports deals.”

Now that the Braves have signed a letter of intent with Gwinnett, Tucker and Wilson said they will turn their attention to working on the financing of the Braves' new stadium that will be located on state Highway 20, a few miles south of the Mall of Georgia near Buford. The $45 million stadium will be financed through a $12 million commitment from Gwinnett's recreation fund and $33 million in bonds that will be backed by Braves ticket sales, parking revenue, and naming rights for the stadium, Tucker said.

As is the case with the Arena at Gwinnett Center, the county will own the Braves' new stadium and the land where the stadium will be located, Tucker said. The Gwinnett Convention and Visitors Bureau will operate the stadium on behalf of the county. Initial plans for the stadium call for a hotel and retail to be located at the stadium.

The Braves were represented in the talks by in-house counsel Gregory J. Heller, Tucker said. Liberty Media, the Braves' parent company, did not have legal counsel on the Richmond Braves' move, he said. Gwinnett County Attorney Karen G. Thomas represented the county's interests.

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Arnall Golden Gregory partner Scott A. Fisher was counsel to Pollack Partners on the formation of a $56 million real estate investment fund with affiliates of Goldman, Sachs & Co.

Fisher said the venture, a limited partnership called Pollack Real Estate Fund I, will focus on funding condominium and apartment buildings, including some of Pollack Partners' ongoing projects in Atlanta and Florida. The fund will combine its assets with other investors to pool about $1 billion available for investments in real estate.

Arnall Golden partner Cleburne E. Gregory III and associate Heather L. Preston advised Pollack Partners on tax matters related to the venture. Fried, Frank, Harris, Shriver & Jacobson advised Goldman Sachs.

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Rogers & Hardin partner Alan C. Leet was an adviser to Rock-Tenn Co. on its $993 million acquisition of Southern Container Corp., according to a regulatory filing.

Rock-Tenn General Counsel Robert B. McIntosh worked with Leet on the transaction. Latham & Watkins partner Howard A. Sobel in New York advised Southern Container.

Rock-Tenn, of Norcross, manufactures paper cartons and other types of packaging. Southern Container, of Hauppauge, N.Y., makes corrugated boxes.

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Morris, Manning & Martin partner Heath D. Linsky advised Beecher Carlson on its purchase of Alliance Insurance Group, the company said.

Morris Manning associates Mark Zisholtz, Christopher E. Maxwell and Lisa L. Scheid also worked on the deal, as did Beecher Carlson general counsel Adam S. Meyerowitz and corporate paralegal Christine Alligood, the law firm said.

Both Beecher Carlson and Alliance are commercial insurance brokers. Atlanta-based Beecher Carlson said the purchase of Phoenix-based Alliance will allow it to expand in the Southwest.

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Miller & Martin partner Carlos C. Smith in Chattanooga advised the Tennessee Valley Public Power Association on the creation of a new company to finance power plants with the Tennessee Valley Authority, the association said.

The new venture, called Seven States Power Corp., will partner with TVA to provide financing for natural gas-fired plants. The Tennessee Valley Public Power Association is comprised of electricity distributors who purchase power from TVA, including North Georgia Electric Membership Corp. in Dalton.