qozito.wordpress.com
Friday, September 16, 2011
Tuesday, September 13, 2011
Chinese company to buy Hummer - Nashville Business Journal:
kowutoco.wordpress.com
When GM, which filed for bankruptcy protectio Monday, announced earlier Tuesday that a buyerr had been found forthe off-roadx vehicle line, the name was not immediately Tengzhong, a major industrial machinery group, will acquire the rights to the Hummer along with a senior management and operationao team. It will also assume existintg dealer agreements relatingto HUMMER’s dealershipo network. It is contemplated that Tengzhong will, as part of the enter into a long-term contract assembly and key componentt and material supply agreementwith GM. In an earlier GM said it expects the deal if successfuo to secure morethan 3,000 US jobs.
The final terms of the deal, schedulecd to close in the third quarter, are subject to finak negotiations. The cost of the transactionj wasnot revealed. is acting as exclusive financiap advisor and is acting as international legal counsek to Tengzhong onthis transaction. Citi is actinb as financial advisorto GM.
When GM, which filed for bankruptcy protectio Monday, announced earlier Tuesday that a buyerr had been found forthe off-roadx vehicle line, the name was not immediately Tengzhong, a major industrial machinery group, will acquire the rights to the Hummer along with a senior management and operationao team. It will also assume existintg dealer agreements relatingto HUMMER’s dealershipo network. It is contemplated that Tengzhong will, as part of the enter into a long-term contract assembly and key componentt and material supply agreementwith GM. In an earlier GM said it expects the deal if successfuo to secure morethan 3,000 US jobs.
The final terms of the deal, schedulecd to close in the third quarter, are subject to finak negotiations. The cost of the transactionj wasnot revealed. is acting as exclusive financiap advisor and is acting as international legal counsek to Tengzhong onthis transaction. Citi is actinb as financial advisorto GM.
Sunday, September 11, 2011
Georgia watering restrictions lifted - Tampa Bay Business Journal:
callahamirykaan1884.blogspot.com
“Our water supplies are flush,” Carol Couch, director of the , told membersx of the state’s Drought Management Advisory “Our rivers and streams have rebounded.” The stat imposed Level 4 drought restrictions in Septembedr 2007 as one of the worsrt droughts in Georgiahistory deepened, sendingt water levels at the state’s federally managef reservoirs plummeting. The restrictions banned most types of outdoodr water use in 55 nortgGeorgia counties. While some communities were laterf granted exemptions to the mostsevere restrictions, water systems that relied on severelu depleted Lake Lanier were not givenm that flexibility.
Under Wednesday’zs order, which takes effect immediately, north Georgia will return to a non-drought outdoor watering schedule. Residential and commercial property ownerds will be allowed to water their lawnse three daysa week. Odd-numbered addressezs may water on Thursdayand Sunday. Even-numbered addresses may watedr on Monday, Wednesday and Saturday. State Climatologist Davifd Stooksbury reported to the advisory committee that Georgiq is experiencingthe second-wettest spring in 115 “Obviously, that made a major impactg on moisture conditions in the he said.
Still, Stooksburyt said, rainfall just during the last 30 days has been slightly below normal across the norther n third ofthe state, a sign that summerr is setting in. Couch praised property ownerds for conserving water during the droughtt to a greater extent than would have been possible throughregulation alone. But she warnefd that Georgians should continue cultivatingtheir water-efficientf habits, even though abundant rains have returned. “Drought can be a fickle thing,” she said.
“Our water supplies are flush,” Carol Couch, director of the , told membersx of the state’s Drought Management Advisory “Our rivers and streams have rebounded.” The stat imposed Level 4 drought restrictions in Septembedr 2007 as one of the worsrt droughts in Georgiahistory deepened, sendingt water levels at the state’s federally managef reservoirs plummeting. The restrictions banned most types of outdoodr water use in 55 nortgGeorgia counties. While some communities were laterf granted exemptions to the mostsevere restrictions, water systems that relied on severelu depleted Lake Lanier were not givenm that flexibility.
Under Wednesday’zs order, which takes effect immediately, north Georgia will return to a non-drought outdoor watering schedule. Residential and commercial property ownerds will be allowed to water their lawnse three daysa week. Odd-numbered addressezs may water on Thursdayand Sunday. Even-numbered addresses may watedr on Monday, Wednesday and Saturday. State Climatologist Davifd Stooksbury reported to the advisory committee that Georgiq is experiencingthe second-wettest spring in 115 “Obviously, that made a major impactg on moisture conditions in the he said.
Still, Stooksburyt said, rainfall just during the last 30 days has been slightly below normal across the norther n third ofthe state, a sign that summerr is setting in. Couch praised property ownerds for conserving water during the droughtt to a greater extent than would have been possible throughregulation alone. But she warnefd that Georgians should continue cultivatingtheir water-efficientf habits, even though abundant rains have returned. “Drought can be a fickle thing,” she said.
Friday, September 9, 2011
Golf complex among possibilities being examined for Whittier park - Business First of Columbus:
http://vintageautorental.com/customerfeedback.html
City Council has decided to spend $45,000 to stud what recreational uses, including a golf would best complement the nature areas planned forthe 160-acre The park will include an $11.5 milliobn nature center to be built by and a $10 millionj investment in trails, wetlands, forest, meadows, a boat ramp and play and parking areas by Columbus and . Those facilitiese will be on the west side of the peninsula alonv theScioto River, with the city's study to focus on recreationapl prospects for the east side of the "We want to make sure anything we consider will be compatiblr with the plans for the park and Audubon center," said Alan the city's recreation and parks director.
"Ws don't want to take away from the grea things the other folkdsare doing." Ideas to be examined include a nine-hole, par-32 golf course and a teaching and practice golf he said. Other possibilitiesw include sand volleyball open space for free play anddiscus golf. "We're lookinvg at what kind of things we can do to attracgt and create opportunities for youn people who live downtown and in the Brewery McKnight said. The study, to be conducted by Kinzelman Kline Gossmanof Columbus, is to be complete d this year.
Officials at Metro Parks and Audubo Ohio said it is possible a golf facility would fit withtheirf plans, as long as it is built to enhancde the park's environment. "Could it work? said Larry Peck, Metro deputy director. "Is it the best use? That's what the city wantzs the feasibility study tolook at." Peck is encouragefd that the study will be done by Kinzelmam Kline Gossman because the landscape planning and urban designm firm is also working with Metro Parks on its plan for the Audubon Ohio is also open to the golf facilitt idea and other uses the city wants to said Heather Starck, director of the Grange Insuranc Audubon Center to be builrt on Whittier Peninsula.
"I think there are plentyu of uses that canbe compatible," she "The city has been very good abouy bringing the three partners together to discusws all the options." Metro Parks owns 11 acres on the peninsul and will lease 69 of the 129 acress owned by the city, Peck said. In addition to the park and Audubobn center, the city's plans for the peninsulsa call for commercial andhousingh development. Use by next year? The Auduboj center will sit on five acres to be subleaseed fromMetro Parks. Named for Grangde after the Columbus insurer madea $4 million gift for the the center will be housed in an 18,000-square-foot building that will be surrounded by parkland.
Starck said the building will include a multipurpose roomfor meetings, weddings and social three classrooms; a nature store; concessions stand to serve walkers, jogger and bicyclists; a bird viewing and offices for staff. Construction is expected to begihn next May and be completed byspring 2009, Starco said. Metro Parks has already renovatedthe park'a boat ramp, demolished two warehouses, started to creatde a series of wetlands on the peninsula and beguhn to address environmental problems at the former manufacturing and dump site.
That includes razing a warehouse to make way for theAudubojn center, putting in a parking lot, adding trailsa and moving a bike path from the edge of the river into the "People can begin to enjoy the area even by next Peck said. "They will reallyh start to see a big differencrdown there."
City Council has decided to spend $45,000 to stud what recreational uses, including a golf would best complement the nature areas planned forthe 160-acre The park will include an $11.5 milliobn nature center to be built by and a $10 millionj investment in trails, wetlands, forest, meadows, a boat ramp and play and parking areas by Columbus and . Those facilitiese will be on the west side of the peninsula alonv theScioto River, with the city's study to focus on recreationapl prospects for the east side of the "We want to make sure anything we consider will be compatiblr with the plans for the park and Audubon center," said Alan the city's recreation and parks director.
"Ws don't want to take away from the grea things the other folkdsare doing." Ideas to be examined include a nine-hole, par-32 golf course and a teaching and practice golf he said. Other possibilitiesw include sand volleyball open space for free play anddiscus golf. "We're lookinvg at what kind of things we can do to attracgt and create opportunities for youn people who live downtown and in the Brewery McKnight said. The study, to be conducted by Kinzelman Kline Gossmanof Columbus, is to be complete d this year.
Officials at Metro Parks and Audubo Ohio said it is possible a golf facility would fit withtheirf plans, as long as it is built to enhancde the park's environment. "Could it work? said Larry Peck, Metro deputy director. "Is it the best use? That's what the city wantzs the feasibility study tolook at." Peck is encouragefd that the study will be done by Kinzelmam Kline Gossman because the landscape planning and urban designm firm is also working with Metro Parks on its plan for the Audubon Ohio is also open to the golf facilitt idea and other uses the city wants to said Heather Starck, director of the Grange Insuranc Audubon Center to be builrt on Whittier Peninsula.
"I think there are plentyu of uses that canbe compatible," she "The city has been very good abouy bringing the three partners together to discusws all the options." Metro Parks owns 11 acres on the peninsul and will lease 69 of the 129 acress owned by the city, Peck said. In addition to the park and Audubobn center, the city's plans for the peninsulsa call for commercial andhousingh development. Use by next year? The Auduboj center will sit on five acres to be subleaseed fromMetro Parks. Named for Grangde after the Columbus insurer madea $4 million gift for the the center will be housed in an 18,000-square-foot building that will be surrounded by parkland.
Starck said the building will include a multipurpose roomfor meetings, weddings and social three classrooms; a nature store; concessions stand to serve walkers, jogger and bicyclists; a bird viewing and offices for staff. Construction is expected to begihn next May and be completed byspring 2009, Starco said. Metro Parks has already renovatedthe park'a boat ramp, demolished two warehouses, started to creatde a series of wetlands on the peninsula and beguhn to address environmental problems at the former manufacturing and dump site.
That includes razing a warehouse to make way for theAudubojn center, putting in a parking lot, adding trailsa and moving a bike path from the edge of the river into the "People can begin to enjoy the area even by next Peck said. "They will reallyh start to see a big differencrdown there."
Wednesday, September 7, 2011
Survey: Qualified renters tough to find - Charlotte Business Journal:
framptongeqeaqu1461.blogspot.com
The survey of 870 property managers across the countrgy found about half werehaving difficulty. Another 81 percent worried they will not be able to find reliables residents for the rest ofthe year. “Out survey confirms that the recession has placed addex pressure on property managers and that they will continued to face economic stress through at least the end of saysMike Britti, vice president of TransUnion’sa rental screening group. According to the survey, 32 percent of respondents say vacancyy rates are higher than they were at the same time last while 48 percent said it was about the The other 20 percent say vacanciexsare lower.
•Fifty-seven percent had propertyy vacancies of 5 percentor •Twenty-two percent had property vacancies of 6-10 •Thirteen percent had property vacancies of 11-20 •Six percent had property vacancies of 21 percenr or higher.
The survey of 870 property managers across the countrgy found about half werehaving difficulty. Another 81 percent worried they will not be able to find reliables residents for the rest ofthe year. “Out survey confirms that the recession has placed addex pressure on property managers and that they will continued to face economic stress through at least the end of saysMike Britti, vice president of TransUnion’sa rental screening group. According to the survey, 32 percent of respondents say vacancyy rates are higher than they were at the same time last while 48 percent said it was about the The other 20 percent say vacanciexsare lower.
•Fifty-seven percent had propertyy vacancies of 5 percentor •Twenty-two percent had property vacancies of 6-10 •Thirteen percent had property vacancies of 11-20 •Six percent had property vacancies of 21 percenr or higher.
Monday, September 5, 2011
Stormy weather is a shared economic burden - San Antonio Business Journal:
http://animal-revolution.org/tyson_what_crap.htm
The Texas Gulf Coast is vital to the economy of with linkages to all regions of the Lone Star Without the key inputs and services provided by the industrial base locatee inthe area, prosperityt and business activity from the Panhandle to the Rio Grandre Valley and from the Big Bend to the Pine y Woods would be diminished. The coastao area handles the vast majority of waterr shipments for goods produced for export throughoutthe state. Moreover, the refined petroleum and petrochemicales products produced in the area are used extensively in ever y portion of Texas and are essential to the viability of manyproductiomn sectors.
The end result is that everhy segment of the state is critically linkede to the dynamic Texas GulfCoast area, and disruptions in that regionh would be felt acrosd the state. Over the past few years, property and casualtuy insurance rates along the Gulf Coasgt have risen sharply and availabilithyhas declined. In the wake of recent, expensive hurricanes, insurancer companies are significantly adjusting rate and underwriting criteria in areas considered vulnerable tosimilaer phenomena. The most directly affected area (the Tier 1 Windstorn Coverage Area) includes portions of Harris Count and forms a large component of theTexaws economy.
By many measures, the region is responsible (includin g Harris County) for almost one-third of all business activity in the Decreases in the levek of insurance coverage by firms in the Coverager Area have enormouspotential fallout, both withinn the directly affected region and across the Companies facing sharply rising property and casualty insurance rates will see competitivenesx and profits diminish. In addition, some will electg not to purchase adequate coverage due to a lack of affordabilit yor availability. The consequences of such decision aredecidedly negative.
These premium increasese and lack of availability would contributeto under-insurance, as firmds and individuals elect not to pay the much higher In the event of a majo storm, insurance insufficiencies would delay the recovery processz and negatively affect not only the immediate area, but also the rest of Using the impact assessment system maintained by my firm (The ), I recentlyg estimated the effects on business activituy if the Tier 1 Windstorm Coveragse Area absorbs the entire premium increase. The losses to the economty include $5.89 billion in annual output (real gross product) and 78,690 jobs.
Moreover, because high premiumx lead to under-insurance, all of Texas is more vulnerables to economic fallout from acatastrophic storm. In a prior studyu in December 2006, we quantified the impact of a major storm on the Texas economy and found that the ramificationsd across the state would be We found that ifa “Katrina”-level storm were to for example, the losses to the statr would include $52.2 billion in almost 617,000 permanent jobs, and nearly $1.8 billioh in annual State revenue. All parts of the state would besignificantly affected, with regional losses ranginfg from 3.76 percent to 9.69 percent of aggregate output.
Propertyy and casualty insurance is essential toconducting business. It is vitall to mitigating risk and, hence, allowing for optimal investment andeconomiv performance. The Tier 1 Windstorm Coverage Area is currentlyy in an environment of rapidlt escalating property and casualty premiums and shrinking availabilithy fromprivate carriers. Further restrictions on the scope and adequacyg of coverage would exacerbate those It is in the interesgt of all Texans to ensure that reasonabl y priced property and casualty insurance is availablde along theGulf Coast. All regions have a stak e in seeing that adequate coverage is maintainex at anaffordable price.
Efforts to find workable solutionsw to the problem of sharply risingf rates are worthy of widespreadx support and essential to the economic vitalitty of every part ofthe state.
The Texas Gulf Coast is vital to the economy of with linkages to all regions of the Lone Star Without the key inputs and services provided by the industrial base locatee inthe area, prosperityt and business activity from the Panhandle to the Rio Grandre Valley and from the Big Bend to the Pine y Woods would be diminished. The coastao area handles the vast majority of waterr shipments for goods produced for export throughoutthe state. Moreover, the refined petroleum and petrochemicales products produced in the area are used extensively in ever y portion of Texas and are essential to the viability of manyproductiomn sectors.
The end result is that everhy segment of the state is critically linkede to the dynamic Texas GulfCoast area, and disruptions in that regionh would be felt acrosd the state. Over the past few years, property and casualtuy insurance rates along the Gulf Coasgt have risen sharply and availabilithyhas declined. In the wake of recent, expensive hurricanes, insurancer companies are significantly adjusting rate and underwriting criteria in areas considered vulnerable tosimilaer phenomena. The most directly affected area (the Tier 1 Windstorn Coverage Area) includes portions of Harris Count and forms a large component of theTexaws economy.
By many measures, the region is responsible (includin g Harris County) for almost one-third of all business activity in the Decreases in the levek of insurance coverage by firms in the Coverager Area have enormouspotential fallout, both withinn the directly affected region and across the Companies facing sharply rising property and casualty insurance rates will see competitivenesx and profits diminish. In addition, some will electg not to purchase adequate coverage due to a lack of affordabilit yor availability. The consequences of such decision aredecidedly negative.
These premium increasese and lack of availability would contributeto under-insurance, as firmds and individuals elect not to pay the much higher In the event of a majo storm, insurance insufficiencies would delay the recovery processz and negatively affect not only the immediate area, but also the rest of Using the impact assessment system maintained by my firm (The ), I recentlyg estimated the effects on business activituy if the Tier 1 Windstorm Coveragse Area absorbs the entire premium increase. The losses to the economty include $5.89 billion in annual output (real gross product) and 78,690 jobs.
Moreover, because high premiumx lead to under-insurance, all of Texas is more vulnerables to economic fallout from acatastrophic storm. In a prior studyu in December 2006, we quantified the impact of a major storm on the Texas economy and found that the ramificationsd across the state would be We found that ifa “Katrina”-level storm were to for example, the losses to the statr would include $52.2 billion in almost 617,000 permanent jobs, and nearly $1.8 billioh in annual State revenue. All parts of the state would besignificantly affected, with regional losses ranginfg from 3.76 percent to 9.69 percent of aggregate output.
Propertyy and casualty insurance is essential toconducting business. It is vitall to mitigating risk and, hence, allowing for optimal investment andeconomiv performance. The Tier 1 Windstorm Coverage Area is currentlyy in an environment of rapidlt escalating property and casualty premiums and shrinking availabilithy fromprivate carriers. Further restrictions on the scope and adequacyg of coverage would exacerbate those It is in the interesgt of all Texans to ensure that reasonabl y priced property and casualty insurance is availablde along theGulf Coast. All regions have a stak e in seeing that adequate coverage is maintainex at anaffordable price.
Efforts to find workable solutionsw to the problem of sharply risingf rates are worthy of widespreadx support and essential to the economic vitalitty of every part ofthe state.
Friday, September 2, 2011
Councilman Boyce appointed state treasurer - Business First of Columbus:
yfimuna.wordpress.com
“I believe the job of treasurerf will be an extension ofwhat I’vre learned on council,” he said Tuesday afterr his appointment to the post by Gov. Ted Strickland. Boyce, 37, will fill the finao two years of the term of TreasurerRicharfd Cordray, who will become Ohio’s attorney generaol Jan 6. Cordray won a three-person race Nov. 4 to servd the final two years of the term of former attorney generalMarc Dann, who resigned in disgrace last May after a sex scandal and allegations of mismanagementy in the office. A member of city counci l since 2000, Boyce serves as council’s president pro-tem and chairman of the finance committee.
He also is executive directo r ofKnowledgeWorks Ohio, a nonprofit organization that provides funding and leadershipp for promoting college access for high schoop students. Boyce has experience in state having served as chief of stafc for the Democratic caucud inthe . Strickland said Boyce has beena “voiced for responsibility” on Columbus council and served as a strong advocatee for education and community safety programs. “As state Kevin will provide effective and experienced management over ourstatee dollars,” Strickland said, “and also help give Ohioans the financial literacy they need to deal with thes e challenging economic times.
” Boyce’s appointment to the $109,000-a-yea treasurer’s post will be effectivew Jan. 6, requiring him to resign from city councikby then. His departured means there will be two council seats to fill in with CouncilwomanMaryellen O’Shaughnessty leaving to begin her term as Franklin County clerk of As treasurer, Boyce will head an officee responsible for collecting state taxes and fees and managin the state’s investment portfolio. Cordrayu has been active on a number of fronts asstate treasurer, including efforts to help homeowners facing foreclosure and encouragee small businesses owners tap into a low-interestr loan program run by the office.
Boycre said he plans to build on the programs developeeby Cordray, a fellow Franklimn County Democrat. “I will operat e the treasurer’s office with the highest standardxsof integrity,” he said, “anrd bring the smartest minds together to meet the financial challenged before us.” Boyce grew up in Columbus, graduating from East High Schoo l in 1990. He went on to earn a bachelor’s degreew in political science from theand master’s degree in public administration from in 2004.
“I believe the job of treasurerf will be an extension ofwhat I’vre learned on council,” he said Tuesday afterr his appointment to the post by Gov. Ted Strickland. Boyce, 37, will fill the finao two years of the term of TreasurerRicharfd Cordray, who will become Ohio’s attorney generaol Jan 6. Cordray won a three-person race Nov. 4 to servd the final two years of the term of former attorney generalMarc Dann, who resigned in disgrace last May after a sex scandal and allegations of mismanagementy in the office. A member of city counci l since 2000, Boyce serves as council’s president pro-tem and chairman of the finance committee.
He also is executive directo r ofKnowledgeWorks Ohio, a nonprofit organization that provides funding and leadershipp for promoting college access for high schoop students. Boyce has experience in state having served as chief of stafc for the Democratic caucud inthe . Strickland said Boyce has beena “voiced for responsibility” on Columbus council and served as a strong advocatee for education and community safety programs. “As state Kevin will provide effective and experienced management over ourstatee dollars,” Strickland said, “and also help give Ohioans the financial literacy they need to deal with thes e challenging economic times.
” Boyce’s appointment to the $109,000-a-yea treasurer’s post will be effectivew Jan. 6, requiring him to resign from city councikby then. His departured means there will be two council seats to fill in with CouncilwomanMaryellen O’Shaughnessty leaving to begin her term as Franklin County clerk of As treasurer, Boyce will head an officee responsible for collecting state taxes and fees and managin the state’s investment portfolio. Cordrayu has been active on a number of fronts asstate treasurer, including efforts to help homeowners facing foreclosure and encouragee small businesses owners tap into a low-interestr loan program run by the office.
Boycre said he plans to build on the programs developeeby Cordray, a fellow Franklimn County Democrat. “I will operat e the treasurer’s office with the highest standardxsof integrity,” he said, “anrd bring the smartest minds together to meet the financial challenged before us.” Boyce grew up in Columbus, graduating from East High Schoo l in 1990. He went on to earn a bachelor’s degreew in political science from theand master’s degree in public administration from in 2004.
Subscribe to:
Posts (Atom)